Jim Sinclair’s Commentary
Until the consumer can participate, no significant or sustainable recovery can occur.
Worse than this is the pain in Main Street gifted from the Dark Side in the form of OTC derivatives.

Millions of Unemployed Face Years Without Jobs By PETER S. GOODMAN NY Times
BUENA PARK, Calif. —
Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.
Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed.
Call them the new poor: people long accustomed to the comforts of middle-class life who are now relying on public assistance for the first time in their lives — potentially for years to come.
Yet the social safety net is already showing severe strains. Roughly 2.7 million jobless people will lose their unemployment check before the end of April unless Congress approves the Obama administration’s proposal to extend the payments, according to the Labor Department.
Here in Southern California, Jean Eisen has been without work since she lost her job selling beauty salon equipment more than two years ago. In the several months she has endured with neither a paycheck nor an unemployment check, she has relied on local food banks for her groceries.
More…



People around the world are so stupid they will believe anything....Cap and trade tax...
is a tax on breathing...

1. Global Warming Scientist Admits Doubts
Proponents of man-made global warming have suffered a serious blow as leading climate change scientist Phil Jones now acknowledges that the earth may have been warmer in medieval times than now.
Jones also conceded in an interview with the BBC that during the past 15 years there has been no “statistically significant” warming.
“The admissions will be seized on by skeptics as fresh evidence that there are serious flaws at the heart of the science of climate change and the orthodoxy that recent rises in temperature are largely made-made,” Britain‘s Daily Mail observed.
Jones recently stepped down as director of the University of East Anglia’s Climatic Research Unit in Britain after leaked e-mails indicated that scientists there were manipulating data to strengthen the argument for man-made global warming.
The data have been used to support efforts by the United Nations’ Intergovernmental Panel on Climate Change (IPCC) to urge governments to cut carbon dioxide emissions and to produce the “hockey stick graph” that shows temperatures relatively stable for centuries before rising sharply in recent decades.
Critics of global warming crusaders believe there is evidence that the world was warmer than today between about 800 and 1300 A.D., during the so-called Medieval Warm Period (MWP), due to evidence of high temperatures in northern countries.
“There is much debate over whether the Medieval Warm Period was global in extent or not,” Jones said in the interview.
“The MWP is most clearly expressed in parts of North America, the North Atlantic, and Europe and parts of Asia.
“For it to be global in extent, the MWP would need to be seen clearly in more records from the tropical regions and the Southern Hemisphere. There are very few palaeoclimatic records for these latter two regions.
“Of course, if the MWP was shown to be global in extent and as warm or warmer than today, then obviously the late 20th century warmth would not be unprecedented.”
Marc Sheppard, environment editor of American Thinker, declares: “As the entire anthropogenic global warming theory is predicated on correlation with rising CO2 levels, this first-such confession from an IPCC senior scientist is nothing short of earth-shattering.”
He also writes: “Indeed, we know that, during the MWP, ice-free seas allowed the Vikings to settle a then comfortably warm Greenland, where colonies flourished for many centuries. Modern archaeologists digging through [Greenland’s] permafrost have uncovered bones and artifacts attesting to the villages established there.”
Despite his concession that there has been no “statistically significant” warming over the past 15 years, Jones still maintains that he is “100 percent confident” the climate has warmed and said “there’s evidence that most of the warming since the 1950s is due to human activity.”