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Saturday, November 14, 2009

CALIFORNIA:THE GOVERNORS RACE IS RIGGED

A VOTE FOR JERRY BROWN IS A VOTE FOR THE CORPORATIONS AND SPECIAL INTERESTS THAT RUINED THE STATE:
The construction companies,real estate developers and big corpations are backing Brown to the hilt and freezing out San Francisco Mayor Gavin Newsome. Newsome who has done a much better of job of running San Francisco then Brown did as Mayor of Oakland has been froze out of the governors race because he cant raise the money needed to run.
Newsome is a very crediable candidate and should be in the race to run against Brown in the primaries. If that cant happen then the whole thing should be boycotted by the electorate as a rigged election. If Brown wins without a real challenger then BIG MONEY will have won again.
SWINDLERS WHO NEVER ACHIEVED THE RECOGNATION THEY DESERVED:
Gerald Levin the former chief of Time Warner conned Ted Turner out of his fortune. He convinced Turner to trade his company for worthless pieces of paper called stock certificates. People who knew Levin well said that behind the thick eyebrows and bushy mustache there wasnt much going on. And yet he convinced Ted Turner to support the AOL TIME WARNER merger and then stabbed him in the back.
Today Levin is a life coach guru who charges $5000 a day for a one on one life coaching session. Maybe Ted Turner should sign up.
Rick(Butch)Wagner was a complete incomptent who for years convinced automobile insiders and mom and pop investors that Gm was on the verge of a major comeback. The securites and exchange commission has called Wagoner a liar who lied about the Gm's true condition. Mom and pop investors lost billions as Gm bondholders. Wagoner during the last 2 years of his reign pulled out over 40 million dollars in compensation. Not bad for a guy who should be in jail.
FINANCIAL OVERVIEW:
Ben Bernicke's prediction that the financial collapse would be a bad dream by the end of the year hasnt come true unfortunaly. The country is still firmly in the grip of the depression with no end in sight. There is some hope. Consumers are buying Fords. That is very postive. But the dollar continues to fall and unemployment hasnt leveled off yet. The country would have been beter off waiting for the economy to bottom before coming to the rescue. Now if things get worse again all of the guns powder has been used up.
THE DETROIT TIMES TRADING RECOMMENDATIONS. ATK IS STILL A GOOD TRADE