(Reuters) - Morgan Stanley slashed its global growth forecast for 2011 and 2012, saying the U.S. and the euro zone were "dangerously close to a recession", and criticized policymakers in Washington and Europe for not acting more decisively to contain the sovereign debt crisis.
The bank cut its global gross domestic product growth forecast to 3.9 percent from 4.2 percent for 2011, and to 3.8 percent from 4.5 percent for 2012.
"Our revised forecasts show the US and the euro area hovering dangerously close to a recession — defined as two consecutive quarters of contraction — over the next 6-12 months," Joachim Fels, who co-heads Morgan Stanley's global economics team, said in a research note dated Wednesday.
As gold hit new record highs of $1,832 an oz. Wall Street is rolling down hill fast. Unemployment is still crazy high after all these years. This is very bad news for the American people. Thanks to the Democratic party and Obama 1 in 5 children live in poverty here in America. The Democratic Party promised that this wouldn't happen if they pasted all their economic stimulus bills. But all those bills did was raise our national debt to unsustainable levels. We have yet to get out of the recession that Obama said he would get us out of. I have to say it, we conservatives told you nothing Obama did would work. We told you this would happen and it is. If you vote for more of this then you are just an anarchist.
Aren't you glade you prepared for this next round of recessions? If you are a liberal you didn't do anything. That is your MO.
A group of striking janitorial workers blocking the Westfield Mall entrance taunt and scrap with security guards trying to open up the entrance. (h/t MoonBat Tracker and RebelPundit )
“The voice of a representative encourages members to deal harshly with ‘managers and scabs.’
‘It is open season. Follow them safely, but when you get to a location, torture them, torture them with chants and noise. Be so loud that they can’t concentrate and wish they never got out of bed,’ says the recorded voice. Another part of the message states:
‘They are trying to break our union. Understand brothers and sisters, we can never let these [expletive] piece of [expletive] pigs break us. So, we are stepping up our efforts.’
The message stopped short of calling for physical violence, but it was removed after a NewsChannel 9 reporter called the CWA for comment. “
We’ve all heard the stories of shakedowns and bullying that occurs to many non-unionized workers and private business owners. However, the thuggery might have gone beyond the pale recently when one Ohio business owner was repeatedly harassed, then shot and almost killed, for allegedly being non-union.
John King owns one of Toledo’s largest non-union electrical contracting businesses. With 25 employees and an A+ rating from the Better Business Bureau, King’s business reportedly often thrives while other unionized electrical contracting businesses fail due to their higher rates.
However, King’s success may be making him a prime target for union thugs, including threats and violence.
King says he holds no animus towards the union, stating that he only ever wanted to do what he loved to do. Labor Union Report writes that after some college, King did a stint with the International Brotherhood of Electrical Workers before being drafted into the military. Following his service, King went solo and became the youngest independent electrical contractor in the Toledo area.
But King’s success, especially during the recession, may have come with a price, including lawsuits, harassment, slashed tires and multiple incidents of vandalism, just to name a few. LUR reports:
Unfortunately, being a non-union electrical company, King has always been on the radar of the International Brotherhood of Electrical Workers (IBEW). In fact, in 2006, he won a significant case against the IBEW at the US Court of Appeals, after the union had improperly promised his electricians jobs on union sites if they voted the union into King’s company.
Since he’s been in business, in addition to the legal battles and verbal abuse, King’s company has been vandalized and threatened on numerous occasions.
“Back then, it was nothing to have to regularly buy a new set of tires,” King said during a telephone interview on Tuesday. “The ice pick was the weapon of choice.”
Until Wednesday, the worst of the union attacks on King and his business came in the mid-eighties during the UAW strike at AP Parts. During a lull in the lengthy strike, King’s business was picketed by more than 50 IBEW picketers. This was at a time when he only had eight or nine employees. One of his employees, whose car was trashed by the union picketers, was also reportedly assaulted by IBEW thugs.
Unfortunately, the vandalism has never stopped. This year alone, he’s had to report three incidents of damage . This doesn’t include the incidents of stalking he and his men have to go through while they’re working.
In one incident earlier this year, rocks were thrown through the front windows of his shop, one of which had the word “kill” written on it.
But last Wednesday the attacks grew more heinous when King discovered an individual on his property attempting to vandalize his SUV. When King yelled at the man to stop, the vandal shot King, hitting him in the arm.
According to LUR, police recovered a shell casing from the scene the night of the shooting in addition to a Swiss Army knife. The knife was presumably going to be used to slash King’s tires yet again.
LUR reports that neither the police nor King are certain which union was behind the attack, but given that the word “SCAB” was scrawled on King’s vehicle, there is a good indication the incident was union-related.
King, who is offering a $10,000 reward for information that will lead to the arrest and conviction of the suspect, praised police for their thoroughness in the investigation.
We should perhaps also point out that King’s shooting comes on the heels of a controversial declaration made by the union that represents Verizon workers, when it declared “open season” on “managers and scabs.” The Blaze reported:
“The voice of a representative encourages members to deal harshly with ‘managers and scabs.’
‘It is open season. Follow them safely, but when you get to a location, torture them, torture them with chants and noise. Be so loud that they can’t concentrate and wish they never got out of bed,’ says the recorded voice. Another part of the message states:
WTOL brings us the report and interview with King:
Obama and the Democratic Party passed a huge Stimulus Bill and many jobs bills in their first two years. Obama and the Democratic Party got everything they wanted. Most blacks voted for Obama and approved of what Obama was doing with a record 98% approval rating. They thought that Obama would raise up their condition, no matter what their condition was in society. Most blacks thought that having a half black president would mean more for them in the future. They thought Obama would take care of them like he has taken care of the unions. Heck, I thought he would take care of them too. But I was wrong.
All we have to look at is the Cause(the Bills passed) and the Effect(the outcome) of what has happened to the black community since Obama and the Democratic Party took over and passed every bill they wanted. They have lost decades of economic gains in just a few short years of Obama and Democratic Party policies. The Democratic Party and Obama handed out billions of our money too who they chose. The blacks look around and see all that money going into our debt and they are in worse shape as a community then they were before the Democrats started handing out money to their 'friends'.
To make things even worse, Obama isn't even going to any black communities on his bus tour. He is spending all his time with the whites. That speaks volumes to the black community. Blacks are starting to come out of the ether and realize what condition Obama and the Democratic Party put them in. Obama has lost 15% approval among blacks. After this bus tour I'm sure it will wake up many blacks to what the President and Democratic Party think of them. I'm sure Obama will make it up to them as an after thought in the campaign. But Obama said this isn't a campaign tour. It is an economic tour or jobs tour. Why is Obama only going to white areas to talk about jobs? Is it because he thinks that the jobs of the future will be held by whites? Does Obama not think the black community have much of a chance for creating jobs in their community? When you look at the liberal educational system in black communities it doesn't give them much hope for a bright future. I just can't figure our what is going through Obama's head. The black community is suffering much worse then any other race. That is a fact. Why is that a fact? Liberals would have us believe that their race is the reason. But that is just racism with a smile.
I think that the black communities have given into the Democratic Parties promise of getting something for their votes. For decades now the Democratic Party have been trying to buy the minority and poor votes with promises of free stuff "Obama money". They don't promise jobs, they promise benefits for voting Democratic Party. Look at cities like Detroit that have been run down from the richest city in the world to a play I wouldn't let my dog rome. Detroit have voted for Democrats for over 50 years. The liberal culture destroyed Detroit, not blacks. It's time blacks bail from the Party and President that bailed on them. If blacks keep voting in these liberal idiots they will keep getting more of the same. I'd like to know what you think of the way blacks have fared over this presidency?
Watch West’s comments, below (his Harriet Tubman statement is at 2:35):
Click on photo to view the bus vs. 'Beast' slideshow. (AP/Carolyn Kaster)
Look at the size of his carbon foot print.
Didn't Obama say he was going to focus on jobs and the economy? While the rest of the nation is suffering in the Obama never ending recession our president is out tooling around the nation doing the only thing he knows how. Selling himself and his agenda and blaming and bashing the Republican Party for everything. All this community organizer can do is campaign and try and tell us that things aren't as bad as they seem. He can't run on his record or the promises he made the last time he ran for president.
This country has gone down hill fast since the president took office and he hasn't done anything to fix the fast dropping economy but talk a good game. I don't care how inept he has been but to just run and hide isn't presidential at all. If he wants to save America then he needs to be present in
Washington. Giving a hard sell to the American people while waisting our money isn't going to fix anything and he knows it. All this bus tour is is an early campaign paid for by the American people. Is that all we expect from a president? Is him getting a second term more important then fixing the economy and lowering our national debt?
The reason why Obama is taking this early campaign tour is so that he can hard sell his lack of results presidency. He knows that the economy is screwed for long after the next person gets into office and that is why he is trying to blow smoke up the American peoples butts. The hard sell and more empty promises of better times in the future are all he has. He doesn't have a plan to create jobs other then more of the same tax and tariff American businesses and spend even more money as if the debt was not a big deal all ready.
This bus tour is his last hope. He has lost 14% among black voters. Independents are running away from him in droves and most Americans know that he has put America on the wrong course. For Obama to save his presidency he needs to con the American people into thinking that this economy is the Republicans and Tea Parties fault. He will keep blaming the Republicans even though they just have control of 1/2 of 1/3 of the government. The Democratic Party had total control of all 3 branches of government for over 2 years as well as controlling both Houses of Congress in the last 2 years of the Bush presidency. But that can't stop Obama from community organizing his way out of this mess he and the Democratic Party made.
Americans are getting sick and tired of talk and promises of better times in the future. We know that the best times are in our past and that the Democratic Party had the power and they used it to lower the classes. The Democratic Party want more poor and fewer people paying taxes. It serves them and their buying of votes for longer unemployment. Americans don't want handouts for votes. We want the government to get out of the way and grow like TX has done. We don't want more of the same big spending theories. We want what has worked in other States and Countries. We want private sector growth.
President Obama is barnstorming the heartland to boost US jobs in a taxpayer-financed luxury bus the government had custom built -- in Canada.
The $1.1 million vehicle, one of two that Quebec-based Prevost sold the government, has been tricked out by the Secret Service with state-of-the-art security features and creature comforts.
Michele Bachmann is a three-term congresswoman and founder of the House Tea Party Caucus. She is a former attorney known for fiery attacks on President Obama. I couldn't be happier that she won. I really like her. She really gets under the MSM and liberals skin. I'm sure we will see how sexist the left-wing and Democrats can be. Just remember what they did to Hillary Clinton and she was one of their own?
Verizon employees looking to make a statement while on strike used chains and locks to prevent replacement workers from leaving a company office in Dormont on Wednesday.
Local police and fire crews had to be called to remove the bolts from the facility.
Unions will stop at nothing to take what they want. They break the law as if they are above the law. This is just the beginning. Actions like these and greed are what will be their down fall. The unions say they are on the side of American workers but their actions say another thing. They will destroy the middle class and our economy before they give up on cent.
What I'm afraid of is one day these union thugs will try and take on the wrong person. The
MSM will show the reaction rather then the unions actionthat caused it.
We are heading in the direction of Europe. Are you ready for what these left-wing organizations are bringing?
Here are some of the best moments in the Iowa debates.The Bible tells wives to be submissive to their husbands. If she were president, would that apply to Michele Bachmann?
The question by conservative columnist Byron York drew boos from the audience.
The crowd sure was rambunctious last night. It was the most energetic GOP debate I've ever seen. My favorites were Bachmann,Cain and Ron Paul. I'd like to know what you thought of the candidates?
A Democratic National Committee memo which paints the Republican field of presidential contenders as Tea Party flaks pushing tired, divisive policies which elevate the rich and predicts much of the same at tonight's Fox News co-hosted debate in Ames, Iowa.
"As we expect to see tonight, the GOP candidates' extreme aims to appease the far-right wing of the Republican Party shows that Republicans are more concerned with protecting their special interest friends and the wealthy than protecting working families," the memo, penned by DNC National Press Secretary Melanie Roussell, reads.
"The GOP would rather seniors and the middle class sacrifice and the wealthy pay even less in taxes. Unlike President Obama, their policies would eliminate, not create, opportunities for the middle class."
Though Republicans are far from choosing their last man standing, the memo zeroes in on several top names.
"[T]he actions or lack thereof of candidates like Mitt Romney, Tim Pawlenty, Michele Bachmann and others are clear - these Republican candidates for President are not interested in leading. They simply want to please the far-right, extreme Tea Party base of their party because that is what being the standard bearer of the Republican Party today requires," says Roussell.
The memo is described as a state of play for media and "Democratic friends" which spells out the DNC's predictions for tonight's debate.
In it, Roussell predicts the GOP responses on a series of issues:
ON THE DEBT CEILING DEAL"Expect the overwhelming majority of the Republicans on the stage tomorrow night to proudly state that they would not have supported the bipartisan debt agreement that prevented our country from defaulting on its debt for the first time in history."
S&P DOWNGRADE
The Democrats put the S&P downgrade at least partially in the laps of the Republican party, saying the party's obstinance to raising revenues was a determining factor.
"At a moment when America should have been their top concern, they put politics, party and rigid ideology first. And the Republican presidential candidates backed them up - and the GOP field will double down on that flawed approach to leadership tonight."
ON SENIORS
"Both Mitt Romney and Tim Pawlenty endorsed a Cut, Cap and Balance proposal that would have cut Medicaid by one-third over 10 years and nearly half by 2050. According to the Kaiser Family Foundation, that alone could cause 36 million people to lose their Medicaid coverage, including individuals with disabilities and seniors in nursing homes."
ON MITT ROMNEY
"Mitt Romney has consistently ducked and dodged on the most pressing issues facing America including the debt ceiling debate. Not only did he wait until 12 hours before the final vote to actually say something-leading one reporter to say Romney was in a "Mittness Protection Program"-he endorsed the Cut, Cap and Balance plan that would have harmed our economic recovery in the short-term while simultaneously hurting our long-term economic competitiveness all while putting a greater burden on America's oldest citizens and our most vulnerable. Look for him to reassert his support for Cut, Cap and Balance tonight."
ON MICHELE BACHMANN
"To her credit Michele Bachmann did not actually vote for the Cut, Cap, and Balance - because she didn't think it was extreme enough! She told Fox News that America should pay off all our foreign creditors first, even if that means slashing Medicare and Social Security payments to America's seniors. We expect her to repeat similar sentiments tonight."
ON HERMAN CAIN
"Additionally, look for Herman Cain to tout more failed economic policies like his support for a 'fair tax' for everyone, which even the Wall Street Journal editorial board called 'the most radical reform imaginable' and one that would 'hit hard the young, middle-income families.'"
Liberals around the world are cutting out the Middle Man(Progressive government) and just looting from the 'rich'. This isn't just one crazy liberal out of millions. It is thousands and growing. These liberals are killing people and blowing up buildings in the name of liberalism. Liberals thought that by putting liberal governments in place they would have the government steal from those that have and give it to them. Just like the "Obama money" people in this country. But the truth is these liberals haven't gotten a dime out of this unholy deal with the liberal devil. That hasn't stopped them from taking what they want and destroying the rest.
Obama and the Democratic Party have been trying to spread the wealth. The problem is we are all more poor because of their liberal policies. We are seeing our future in Europe. It's a future Obama told us he was shooting for.
I feel the tipping point in this country will be when cities and States start going bankrupt and the union pensions get whipped out. If you think that the unions have been crazy when budgets are balanced and unions are asked to give a little back, just wait.
When you watch these videos of Europe, just think if this was your town. Liberals are the same all around the world. Soon the liberals will realize that they are going to get richer by voting in a liberal government. They will also realize that there are still 'rich' people and they will start their theft and destruction here in this country. One day you may wake up and not have a job to go too because liberals burned it down. Or the business you had is now ashes like your 401k.
If you aren't prepared to defend what is yours then you better get on the ball. It's your job to protect what is yours. The police can't do anything. If the business owners in Europe had guns the looters might think twice about their mindless destruction of others property.
Watch as not one but thousands of liberals take to the streets and destroy everything in their wake. It is what they do. Riots have become a 100% liberal tactic. Maybe that is why liberals think so highly of Muslim terrorists. They are cut from the same destructive cloth.
An interview with Scott and the footage of him following a group of young looters around what he said is usually a lovely community is in this video.
