Maxine Waters: You'll be missed

Finally, we are saddened to note that the always fascinating Ms. Maxine Waters (D-California) is now facing ethics charges in the House which may eventually lead to her expulsion. That would be a shame indeed, for with the possible exception of Kim Jung Il of N. Korea, we know of few public officials who have given us such great reasons to laugh aloud at their public statements.

We need village idiots to keep us centered, and Ms. Waters was our favourite in Congress. It was Ms. Waters who once said that she actually saw "Republicans waving American flags" at a Tea Party event and that that caused her a great deal of concern. It was Ms. Waters who once asked Fed Chairman Bernanke what company he was the CEO of as he appeared before the House Banking Committee in his role as Fed Chairman. It was Ms. Waters who once screamed at the then CEO of the Bank of America, Mr. Ken Lewis, as he appeared before her committee, "You, Bank of America, Guy!" If she's censored or forced out of office we'll miss her... badly.

This decision is about more than the impact on our future deficits and debt, although that is critically important. It's a decision that will impact economic growth and the faith of Americans in the fairness of our tax policies.

If the middle-class tax cuts are not extended, Americans will face a sharp increase in taxes and a sharp fall in disposable income.

This would be irresponsible and it would be unfair, especially with America still suffering through the effects of what we learned last week was the worst recession in post-war history.

Geithner says the U.S. would need to print $700 billion over the next decade to finance tax cuts for the rich... "It's not the prescription the economy needs right now, and the country can't afford it," he said.

This speech is all theater. Democrats always like to talk about raising taxes on the rich. But that's not the solution to our fiscal dilemma. History shows it's impossible for governments to collect more than 20% of GDP in taxes, no matter whom they tax. At that point, people stop working, leave, or do whatever they have to do to avoid taxes. The solution is to cut spending. We need to cut Social Security, Medicare, and war spending (the current war tab is in the trillions of dollars). It's that simple... But the government won't do it.

I just made $1,400 in a few weeks following a trade from Doc Eifrig. I made another $2,000 on another similar trade. It' the easiest money I've ever made in the stock market... and probably the safest, too.

The above is an e-mail I received this morning from a colleague, who is using techniques from our newest advisory, Retirement Trader.

As we've mentioned in the past few weeks, Eifrig is a former Goldman Sachs derivatives strategist who uses Retirement Trader to show readers strategies they can use to safely generate 20%-30% gains over the course of a year. But as readers are finding out, the gains can come much bigger and much faster than that...

Eifrig just closed out a trade he recommended in May for a 100% gain. Readers made 93% on a similar trade last month. He's already earned 57% on his most recent trade – recommended less than two weeks ago. The rest of my colleague's e-mail sums up the service...

I always thought you had to take big risks to make money this fast. But I also used to trade with strategies that were basically the opposite of what Eifrig recommends. Now I see why Goldman Sachs' trading group is profitable every day of the year.