Sunday, July 31, 2011

If you get a pay cut how can you pay your bills?....

Cutting the government during a depression is exactly that. Want to save the system? Give every working stiff a big check and they will take care of it instead of firing people that were hired to do the government's dirty work.

How do we pay for it?

Rob the cock suckers on Wall Street, Bubba!

I know, I know, they paid enough to our elected officials that that's not going to happen, so sell some bonds and send me 20 thousand or so and I'll stimulate the economy.

How about you?

Can someone call the leaders in Washington and tell them the working stiff is broke from all the screwing going on and left unpunished and so we couldn't buy enough houses or cars to restart the economy.

But for the most part, these guys are safe because their is no alternative to turn to.

Republicans believe if only we  cut enough we will reach Nirvana on Earth even if they have to drag the Democrats kicking and screaming into bliss.

Yea, right!

The Democrats believe they can borrow enough to do the same if onlt the Republicans weren't such tight asses, sure, uh huh!

See a problem in getting anything done!

I'll publish more on this because the nuts are loose in Washington because slash and burn the budget means millions of checks are slashed. Million of workers, give or take, get a government pay check for simply doing what they were hired to do.Millions more get their check for services rendered for years of faithful services and more millions are simply collecting insurance money from the Social security trust fund .

Someone call them up and see if they are willing to go belly up to protect Obama's buddies on Wall Street and the crooked bankers who got us into this mess by lending huge sums of borrowed money to broke dicks who were a minimum wage paycheck from moving under a bridge?

I'll admit because these fools voted for him they might deserve the ass kicking but I'm innocent so leave me the fuck out of it!

Remember one thing about government spending:

Every dime of government spending is someone's car, boat, rent or mortgage payment, food, clothing, and everything else we spend money on!

And that money ripples through the economy creates demand in our banking system which creates jobs for guys like me at places like Walmart because every dime in our banking system is paid out on demand then spent on pay rolls and that in turn gets spent and put back into the banking system creating more demand and jobs.

After that all this money ends up as a federal tax for millions of people and the Federal government gets it all back through the IRS and pays off it's bonds starting the cycle over again.

The secret is that the government can borrow all it needs, as authorized by both houses of Congress and signed by the President, no matter how large, because it can always sell bonds that it can create out of thin air because these bonds are  guaranteed by our income taxes.

Think about it.

If you need more information on how our system works go here.

Friday, July 29, 2011

You will hear a lot of crap from Washington......

But budget deficits are an accounting gimmick! Reducing the size of government simply means quit voting for more programs and giving more money to people who bribe the politicians. Our empire is with us for ever and cutting anything that exists is politically impossible because the government can print, borrow, tax, or steal all the money it will ever need to finance anything voted upon.

And the gang in Washington knows it.

Yes, our government has an unlimited line of credit and those of us who don't like it vote for people to stop the corruption and it hasn't worked. That's why millions of people all jump on the bandwagon of reducing the deficit.

The empire can't be stopped! Everyone is either been bought off to go along or scared shit less of losing their checks.

 And every deficit cut is someone losing their check! So,is their a solution to  solving the problem. Only if the economy grows. The world economy that is. That's where the wealth is being created and taxed to pay for our life styles.

Hey, it's not my fault we shipped our jobs over seas! But I've been bitching about it for years but the gang in that owns our government insist.

And they rule!

New Economic Perspectives: Pinch-Hitting for Peterson. Part 2: How Progressives Helped Stoke Deficit Hysteria; A Case Study
The reality is, as all those reading this blog know well, a sovereign government is never financially constrained in its own currency. Government spends by keystrokes. It can stroke keys to pay interest and as well stroke keys to undertake any progressive spending policies EPI proposes. And it still has “room” to stroke keys for bailouts. There is no affordability tradeoff. What matters is inflation—too much government spending drives the economy to the inflation barrier. And real resource use: a government that takes too many resources for its use (hopefully, to serve the public purpose) leaves too few for the private sector. But that requires full capacity use—otherwise at most you get bottlenecks.

Further, as all readers here know, the interest rate is a policy variable. The central bank chooses the overnight interest rate; the short maturity government bill rate tracks that closely since bills are close substitutes for bank reserves. Other rates are more complexly determined. Government bills and bonds are interest-earning alternatives to the rates paid on reserves by the central bank. Let us say that government decides it wants to spend less on interest on longer maturity bonds. Easy enough: stop issuing them. Facing a drought of longer maturity bonds, markets will bid up their prices and rates will fall. Government can stay in the short end of the market as long as it wants; indeed, it can stop issuing even bills and just pay 25 basis points on reserves (as it now does). Yes, this requires a change from current operating procedure. I won’t go through this now as NEP has provided ample analysis of operating procedures and the simple changes that would lead to an era of zero government debt (as conventionally measured, since reserves and currency are not counted).

Thursday, July 28, 2011

Same old thing in Washington...

Boner's plan is to cut 91 billion a year. Out of 1700 billion a year in deficit spending.

I think there will be a whole bunch of new people in office next year. But Oba mama will still be president because who's  going to vote for Republican liars.

Remember daddy Bush saying "read my lips" ? And how did that work out for him?


Wednesday, July 27, 2011

Another incisive read on deficits...

Broke dicks can't pay their bills let alone pay their fair share of taxes. Broke dicks need jobs above minimum wage, way above, to pay their way through life.

It ain't happening! We gave our middle class to foreign countries to make them like us and the working stiff is paying for it.

yes, I know they also voted for it!

The Trade Deficit is the Most Important Deficit » New Deal 2.0
Closing the budget gap will require a progressive industrial policy, not regressive spending cuts.

Between 1962 and 2009, the cumulative trade deficit of the United States almost exactly equaled the cumulative Federal budget deficit: 7,426 billion for the budget deficit, a couple of billion less for the trade deficit. That is, when you add up all the deficit numbers for those 28 years, both the trade deficits and the budget deficits have generated the same amount of red ink. The Republican House members, in particular, use fear-mongering to convince the public that the federal budget deficit is going to destroy the economy. But what about the trade deficit?

As Marshall Auerback and others have been arguing, focusing on cutting the federal budget deficit during an economic downturn can harm the economy, putting people out of work, for one thing. Our government discovered this in 1937, when a push to balance the budget led to a mini-Depression. But tanking the economy is exactly what is being discussed in Washington; every alternative on the table involves cutting spending, which will cut jobs, which will lead to even less revenues for the government, bigger deficits, and even more job losses.

Tuesday, July 26, 2011

These guys never quit...

They are just Democrat party operatives and flunkies. Same with the "help the homeless", down with the WTO movement, gun control nuts, global warming nut jobs,oil company conspiracy wackos or any other left wing cause celeb.

Hey, these people have to make a living, don't they?

Not on my nickel !

But wait in  afew years we'll have another Republican in office and these fruit cakes will have jobs again and watch them go into action.

The Left’s Antiwar Movement in Monterey: Down but Not Out by David R. Henderson --
There’s no doubt that antiwar activism among the left has declined substantially since Barack Obama became president. That has led many people to claim that the apparent antiwar views of many on the left were not so much antiwar as anti-Bush. I’m sure that there’s something to that, but there’s also a more nuanced explanation. Many on the left probably are still very antiwar, but the fact that they identify with President Obama makes it hard for them to criticize his actions. One of the easiest things to do is oppose a particular policy when you detest both the policy and the policymaker; it’s harder for most people to vocally oppose a policy they don’t like when they like the policymaker.

Yet my own impression of antiwar activism in Monterey County, where I live, is that although it has fallen off since the Bush years, there is still a lot of antiwar sentiment among the antiwar leftists who were so vocal during the Bush years. I gave Exhibit A for my case two years ago in “A Coalition’s Progress: Monterey’s Anti-Afghan War Demonstration.” In that article, I documented how successful the libertarian/left coalition had been at organizing a well-attended October 2009 demonstration against Barack Obama’s favorite war: the one in Afghanistan. Exhibit B is the positive reaction of two prominent local antiwar leftists to my letter published in the Monterey Herald last week.

Saturday, July 23, 2011

As I've been predicting....

All those trillions will come home and we boom! Until the next crash of course. Why should the people who make the economy run give it to Washington to waste on their constituents in order to get and stay in office?

The government makes it very difficult to do business in this country unless you buy enough politicians. What surprises me is so many put up with doing business with these nitwits in D.C.

Corporate Tax Holiday in Debt Ceiling Deal: Where's the Uproar? | Rolling Stone Politics | Taibblog | Matt Taibbi on Politics and the Economy
Have been meaning to write about this, but I’m increasingly amazed at the overall lack of an uproar about the possibility of the government approving another corporate tax repatriation holiday.

I’ve been in and out of DC a few times in recent weeks and one thing I keep hearing is that there is a growing, and real, possibility that a second “one-time tax holiday” will be approved for corporations as part of whatever sordid deal emerges from the debt-ceiling negotiations.

I passed it off as a bad joke when I first saw news of this a few weeks ago, when it was reported that Wall Street whipping boy Chuck Schumer was seriously considering the idea. Then I read later on that other Senators were jumping on the bandwagon, including North Carolina’s Kay Hagan.

This is what Hagan’s spokesperson said:

Friday, July 22, 2011

Goodluck on this plan.....

Not a whole lot of money extra but keeping the service below 10 bucks kept millions of people watching instead of using alternatives. People are lazy and get set in their ways. Screw them over for a couple of bucks and the head for the tall grass.

Simple solution:

Add a app called Boxee, HDMI cable and a wireless mouse and keyboard to an old desktop and connect to a HD TV and watch yourself silly!

Oh yea, at no extra cost or logins, fees, price increases, etc.

Netflix changes reflect evolving market - Washington Times
Netflix changes reflect evolving market
Users see move phasing out DVDs
8 Comments and 4 Reactions|ShareTweet|Email|Print|
Under a new pricing policy, Netflix customers will have to buy separate plans if they want to rent DVDs by mail and watch video on the Internet. Subscribers will be paying as much as 60 percent more as a result. (Associated Press)Under a new pricing policy, Netflix customers will have to buy separate plans if they want to rent DVDs by mail and watch video on the Internet. Subscribers will be paying as much as 60 percent more as a result. (Associated Press)

By Claire Courchane


The Washington Times

8:44 p.m., Thursday, July 21, 2011


Story Topics

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College student Lydia Statz was one of more than 23 million Netflix users who received a jolt when the DVD rental and online streaming company announced major price increases last week.

“They had such a good model going,” said Miss Statz, adding that college students used Netflix because it was cheaper than purchasing cable. “Why ruin it?”

The answer, according to numerous angry customers, is so people would drop the DVD option and Netflix could save money on postage and the famous red envelopes. Instead of unlimited DVDs and unlimited online streaming for $9.99 a month, new customers now must pay $7.99 a month separately for each service. Existing customers must do the same, starting Sept. 1.

Miss Statz is not the only unhappy customer — according to a poll, 38 percent of users claim they will quit using Netflix. Almost 80,000 comments appeared on the company’s Facebook page, ranging from the civil (“Why

Thursday, July 21, 2011

I know... You can't make this up!...

Somewhere someone is giving birth to more of these guys!

THEY'RE HERE! 2010 DARWIN AWARDS - You've been waiting for them with bated breath, so without further ado, here are the 2010 Darwin Awards.
After stepping around a marked police patrol car parked at the front door, a man walked into H&J Leather & Firearms intent on robbing the store. The shop was full of customers and a uniformed officer was standing at the counter. Upon seeing the officer, the would-be robber announced a hold-up and fired a few wild shots from a target pistol.

The officer and a clerk promptly returned fire, and several customers also drew their guns and fired. The robber was pronounced dead at the scene by Paramedics. Crime scene investigators located 47 expended cartridge cases in the shop. The subsequent autopsy revealed 23 gunshot wounds. Ballistics identified rounds from 7 different weapons. No one else was hurt.

Wednesday, July 20, 2011

Need to see more?

As long as these guys get free money from the state they can do this shit. You can't tell me the universities can't find competent help without raising the salaries 100,000 bucks more  a year? Of course, most of the money comes from the state raising taxes and cutting services to the working stiff. But as long as these suckers keep living there they have no one to blame but themselves.

State bankruptcies are easily explained... They are either run by morons or a criminal conspiracy!

College presidents' paychecks raise brows -
Literally moments after the system's Board of Trustees announced that it was going to increase next fall's tuition by 12 percent, an additional $294 a semester, the board turned around and approved a salary of $400,000 for the new president of San Diego State, Elliot Hirshman -- $350,000 in state funds and $50,000 from the campus's foundation -- a bump of more than $100,000 from what his predecessor made last year. "There's never a good time to raise presidents' pay," said Michael Uhlenkamp, a spokesman for the Cal State system. "But when there are immediate needs, whether taboo or not, we have to fill them."

The question of whether it's appropriate for higher education administrators to be making very large salaries (often in the hundreds of thousands of dollars) is highly contentious, with vocal advocates on each side of the issue. 

Tuesday, July 19, 2011

Wonder which company is paying for this?.....


The Path Not Taken -

The doctrine in question amounts to the assertion that, in the aftermath of a financial crisis, banks must be bailed out but the general public must pay the price. So a crisis brought on by deregulation becomes a reason to move even further to the right; a time of mass unemployment, instead of spurring public efforts to create jobs, becomes an era of austerity, in which government spending and social programs are slashed. This doctrine was sold both with claims that there was no alternative — that both bailouts and spending cuts were necessary to satisfy financial markets — and with claims that fiscal austerity would actually create jobs. The idea was that spending cuts would make consumers and businesses more confident. And this confidence would supposedly stimulate private spending, more than offsetting the depressing effects of government cutbacks.

Wonder which company is paying for this?.....

There are no coincidences in Washington. Somebody is on the take. How else can we read this and not wonder about the people involved in it?

FDA to Diamond Foods: “Your Walnuts Are Drugs” « Blog
Just recently I posted about the Feds crashing a Kansas winery to seize the illegal contraband ("drugs") being produced by the company: elderberry wine. Come to find out that prior to that the FDA had gone after Diamond Foods for its claims that its walnuts are good for overall health. Here is the full letter sent from the FDA to Diamond Foods. A snippet:

Based on claims made on your firm's website, we have determined that your walnut products are promoted for conditions that cause them to be drugs because these products are intended for use in the prevention, mitigation, and treatment of disease.

This part of the FDA letter is predictably curious:

The back of your product label also bears the following statement: "The omega-3 in walnuts can help you get the proper balance of fatty acids your body needs for promoting and maintaining heart health. In fact, according to the Food and Drug Administration, supportive but not conclusive research shows that eating 1.5 oz of walnuts per day, as part of a low saturated fat and low cholesterol diet, and not resulting in increased caloric intake, may reduce the risk of coronary heart disease. Please refer to nutrition information for fat content and other details about the nutritional profile of walnuts." Although FDA exercises enforcement discretion over the last two sentences of this statement, which meet the criteria for a qualified health claim for walnuts and coronary heart disease, the last two sentences read in conjunction with the first sentence makes the entire statement an unauthorized health claim.

An article by William Faloon in Life Extension magazine (he's a co-founder of the foundation) points out that "the FDA has no problem allowing the Frito-Lay® website to state the following" about its "heart healthy" snacks:

“Frito-Lay® snacks start with real farm-grown ingredients. You might be surprised at how much good stuff goes into your favorite snack. Good stuff like potatoes, which naturally contain vitamin C and essential minerals. Or corn, one of the world’s most popular grains, packed with thiamin, vitamin B6, and phosphorous—all necessary for healthy bones, teeth, nerves and muscles.

“And it’s not just the obvious ingredients. Our all-natural sunflower, corn and soybean oils contain good polyunsaturated and monounsaturated fats, which help lower total and LDL ‘bad’ cholesterol and maintain HDL ‘good’ cholesterol levels, which can support a healthy heart. Even salt, when eaten in moderation as part of a balanced diet, is essential for the body.”

You can see it for yourself on the Frito-Lay website. (Thanks to Mickey Propadovich for the tip.) A few years ago, the Life Extension foundation covered the FDA's attack on the cherry industry for stating that the fruit contained beneficial anti-oxidants. Twenty-nine companies were ordered by the FDA to stop making health claims regarding their cherries, otherwise the FDA would designate their cherries as drugs, meaning the FDA would have to raid the warehouses and seize the "untested drugs."

Monday, July 18, 2011

What if.....

Obama and the Dems would have cut a 800 billion tarp bailout and gave me and you 20 grand?

Think he would have been popular?

What about the deficit? Do you seriously think we wouldn't be in the same position?

Except the economy would have boomed again!

Our problem is we are collectively broke. Broke dicks can't or wont buy, save or invest. Once your broke you head for the tall grass and lay low. We then pay off debts, if still working, and recoup our credit status. Then we shop, invest or buy at GM.

Economics 101!

Friday, July 15, 2011

Obama has failed to rectify Bush's screwup....

No one has been punished for making this mess in our economy!

Washington's Blog
Robert Shiller - one of the top housing experts in the United States - says that the mortgage fraud is a lot like the fraud which occurred during the Great Depression. As Fortune notes:

Shiller said the danger of foreclosuregate -- the scandal in which it has come to light that the biggest banks have routinely mishandled homeownership documents, putting the legality of foreclosures and related sales in doubt -- is a replay of the 1930s, when Americans lost faith that institutions such as business and government were dealing fairly.

The former chief accountant of the S.E.C., Lynn Turner, told the New York Times that fraud helped cause the Great Depression:

The amount of gimmickry and outright fraud dwarfs any period since the early 1970's, when major accounting scams like Equity Funding surfaced, and the 1920's, when rampant fraud helped cause the crash of 1929 and led to the creation of the S.E.C.

Economist Robert Kuttner writes:

In 1932 through 1934 the Senate Banking Committee, led by its Chief Counsel Ferdinand Pecora, ferreted out the deeper fraud and corruption that led to the Crash of 1929 and the Great Depression.

Similarly, Tom Borgers refers to:

Thursday, July 14, 2011

I'm actually speechless.....

And This Man Is the New Secretary of Defense? « Blog
Posted by Laurence Vance on July 12, 2011 07:22 PM

Leon Panetta, who was recently confirmed by the Senate to be the new Secretary of Defense, told American troops in Iraq on Monday:

"The reason you guys are here is because of 9/11. The US got attacked and 3,000 human beings got killed because of Al-Qaeda. We've been fighting as a result of that."

Not even George Bush utters that lie anymore.

And what was the Senate vote to confirm Panetta? 100–0.

Wednesday, July 13, 2011

Somebody has to save the economy....

Mish's Global Economic Trend Analysis: Bernanke Pledges More Monetary Stimulus, Dollar Tanks, Gold Soars to Record High
Federal Reserve Chairman Ben S. Bernanke told Congress the central bank is prepared to take additional action, including buying more government bonds, if the economy appears to be in danger of stalling.

“The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support,” Bernanke said in prepared testimony before the House Financial Services Committee in Washington today. “The Federal Reserve remains prepared to respond should economic developments indicate that an adjustment of monetary policy would be appropriate.”

Bernanke acknowledged there are “uncertainties” in both directions -- about the strength of the economic recovery and the prospects for inflation -- over the medium term.

The Fed chief repeated his belief that inflation won’t be a problem for the economy because gasoline and food prices, which had surged earlier this year, are now moderating.

Tuesday, July 12, 2011

They're firing teachers to balance the budget!....

Talk about desperate!

 Kids are dumb enough now. Maybe we should just shoot our selves and start the country over. Now, state governments budgets are like your household's. Income - outgo must balance. So somebody has to get their ass' kicked when the state governments are in deficit. Let's not forget, government monies fund pay checks. Cut spending you cut someone's pay check.

 Cut someone's pay check and they quit spending at Walmart. And they vote for the other guy!

Most of the state problems stem from the Federal government, who can tax, print or borrow, all the money they need, passing costs for various programs down to the states because of politics. The states then have to borrow money from the Feds to pay for some of these programs if the economy busts. When the bust comes to the economy, and they always do, the states are caught short and have to fire people maximising the down cycle. Hard for the government to cure unemployment if they have to fire the middle class who create most of the jobs with their taxes and consumption of goods and services.

Now we are in the old catch 22. People with jobs spend, borrow and pay taxes to support people who don't! Fire them and all you have left is.....PEOPLE WHO DON'T HAVE JOBS!

I guess it's because few voters and media talking heads have a clue how our system works. Or, more likely, to many people make a living scaring the fuck out of people who don't have a clue how our system works.

Our economy doesn't work like your household. Ours is a sovereign nation , actually a sovereign Empire, and we can print, borrow, or simply confiscate, any U.S dollars we want. If we decide to pay off the National Debt, (an accounting gimmick), we could simply fire up the presses and pass out the cash.

Want to pay Social Security for the next 50 years? No sweat. Need to invade China? Pay 10 million broke dicks a million or so a piece and let 'er rip. Need oil? Borrow 10 times as much and buy it all!

Who's going to stop us? (Not to say we ever would or should) You and I stop this from occurring because we, the people, are sovereign and the guys who rules us are scared shit less of pissing us off if we ever figure it out.

Ours is  the only economy that  rules the planet's resources. Every commodity is delineated in our dollar. Literally every country sells us more than we sell them and this creates surpluses of dollars on their books. All this money has to come home as it is ours. Every country has to buy our shit... stocks, real estate, bonds, etc. or they can't sell us anything because we don't take their money in trade!

We are the sovereigns!

It's amazing that so many people can't figure it out.......  cutting budgets during a bust leads to DEPRESSIONS which is a planet wide phenomenon. You raise taxes and cut government growth only during boom times to slow the economy to a more manageable level.

Bottom line how can firing people who spend their checks in the local economy improve the local economy?


Monday, July 11, 2011

I'm betting he caves.....

The Repubs can't trust Boner! He'll surrender. Let's not forget he was there when Bush and the gang in Washington got the government into this mess.

Did you ever hear him bitch about deficits then?

That's because the public now believes that we are going bankrupt and Congress and the President need to do something about it.

They will!

They'll slow the growth of the Deficit, declare victory and get re-elected! And next election cycle they'll find something else to promise because if the deficit was that important to their survival it would have been fixed a long time ago!

No one who runs our economy will tolerate much if any change in the system. They make billions off our backs for doing nothing but manipulating our money and buying guys like Boner and Oba mama and getting them in office. They pay both Dems and Repubs in the races and always win because they will simply replace these people by financing their opposition in the primaries where most campaign expenditure laws don't apply.

Also,  just check and see how many of these stooges run unopposed or their opponents are broke, stupid, or made to look crazy. Not to say that many of  our elections are fixed to start with.

Just ask newly minted multimillionaire AlGORE!

But more importantly, you can't bankrupt an Empire by the government borrowing it's own money! You only bankrupt a sovereign nation by destroying it's infrastructure. (Germany and Japan are the most famous.)

Besides, if we were in such danger do you think anyone in their right mind would by U.S. bonds at 0% interest? We've sold out every bit of those trillions in debt because our government can always print, kill, steal, tax, sell off their assets and yes, borrow from the oil sheiks.

But it makes for many political careers and sells a lot of copy and TV time. And that's all it's about! Kind of like Jesus' second coming, Alar on your apples, we will all starve by 1975, ice age starting in1980 and ruining our suntans in Florida, rainforest drying up and sending all those rubber plantation workers running amok across our Mexican border, polar bears starving to death because the dumb fuckers couldn't get off the ice berg, something about our computers turning into Y2K killers and destroying the Internet or what ever, and now a 15 trillion dollar economy can't afford to spend enough on my generation in our old age to keep us from murdering the worthless bastards in Washington ?

Want to bet!!!!

Boehner Scales Back Deficit Talks, Citing Tax Increases -
The decision was a major reversal for Mr. Boehner, a veteran Congressional deal-maker who along with Mr. Obama had been the major advocate for seeking a far-reaching deal that would have combined a debt limit increase with substantial spending cuts, significant changes in social programs like Medicare, Medicaid and perhaps Social Security, and as much as $1 trillion in new revenues. Following a secret meeting between the two last weekend, Mr. Obama went public with his own call for a broad package.

The White House, in its own statement, followed Mr. Boehner’s announcement with the suggestion that the president would try to change Mr. Boehner’s mind in their Sunday session.

“Both parties have made real progress thus far, and to back off now will not only fail to solve our fiscal challenge, it will confirm the cynicism people have about politics in Washington,” Dan Pfeiffer, the White House communications director, said. “The president believes that now is the moment to rise above that cynicism and show the American people that we can still do big things. And so tomorrow, he will make the case to Congressional leaders that we must reject the politics of least resistance and take on this critical challenge.”

But the prospect of getting the bulk of his own Republican majority behind a $4 trillion, 10-year agreement was looming as a very heavy political and policy lift for the speaker who is still in his first year in the position.

Sunday, July 10, 2011

Let's see...

We elect Oba mama to the Presidency because he was black, not older than dirt and not Hillary. The guy didn't have a clue then and doesn't have a clue now on what to do.

Why are we surprised?

Just think.... If you were a supporter what has he done for you? Did he soak the rich?


Did he pass socialised medicine the way he promised?


 Did he get us out of all those wars we can't win without taking out our oil supply?


The following are his accomplishments in three years:

(I'm still looking.)

Saturday, July 09, 2011

Pat Buchanan hits the nail on the head....

I bitched about selling our industrial base to foreign countries for over 20 years! I even voted for this guy because being a factory worker in the 70's and 80's I knew how a hard it was to do something else. If you were stuck with a high school diploma or less you would look forward to "gentile poverty " at best without a good paying factory job.

Millions of us were raising families and there was no way to get a college education or start a successful business and maintain a decent standard of living and not work at the plant.

But our jobs slowly then rapidly were shipped over seas and booze, drugs, and unemployment checks were all that was left as working class  America became known as "the rust belt".

Does anyone think it will ever change back? Or will we have to kill everyone on the planet just to eat?

Don't be surprised if that is all that's left to keep us going!

Manufacturing's dismal decade
.....far exceeding our trade deficit in crude oil. A decade of such deficits in manufactures has devastated the industrial states.

From December 2000 to December 2010, 22 states lost a third or more of their manufacturing jobs. Massachusetts, New York and Ohio lost 38 percent of their manufacturing jobs, New Jersey 39 percent, North Carolina 42 percent, Rhode Island 44 percent, Michigan 48 percent.

Political result: Free-trader John McCain lost all seven, including the formerly "red" states of Ohio and North Carolina.

Trade in autos, trucks and parts, an industry in which America was dominant in the lifetime of many of us, tells the story.

Last year, the United States ran a trade deficit in autos, trucks and parts of $110 billion. The deficits with Germany, Japan, South Korea and Mexico account for that entire total.

Consider South Korea. Though she has an economy one-fifteenth the size of ours, she exported to us 12 times the dollar volume of trucks, cars and parts that we exported to her.

Rather than make a free-trade agreement with South Korea, why not tell our friends in Seoul: We are tired of arguing with you folks about opening your markets to our goods. Since you folks buy less than $1 billion in autos, etc., from us, while you sell almost $12 billion in your cars and trucks to us, you keep your market. We're taking back ours.

Friday, July 08, 2011

Now what?....

Depressions are a bitch.

Want to end it at least until another bust ? Send us a check! You have to stimulate demand. Give me enough money to pay my car off and I'll buy a house and then a new car. So give me some big spending money.

 In the next boom housing will double in price as 2 million new households a year look for a place to live. And few new houses are being built. So you have to stimulate this demand. Who is going to build a house when we can't afford to buy?

Remember, broke dicks can't buy shit even if they want to. And everybody wants to! So send us a big check!

But what you'll get is more bullshit about deficits and tax increases which slaughter the business community and scare the beJesus out of them.

Oh yea, it's all Bush's fault!!!

Wednesday, July 06, 2011

People who invested in war....

Are rich beyond their dreams! Always count on it. War is a good like any other.More money is used to encourage it, maintain it  and continue it.

 And it's good politics. Worked for Bush jr. and now look at Caesar  Oba mama!

Because of this little piece of reality no one can cut spending in Washington even if they were serious. Can't cut anything but "discretionary items" and that means the Pentagon.

 Yea, right!

Oba mama needs to stick it to the Republicans because they have to defend the military-industrial complex and Oba mama will defend the voters against the meanies on the right.

Guess who wins!

WAR is a racket. It always has been.

It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.

A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small "inside" group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.

In the World War [I] a mere handful garnered the profits of the conflict. At least 21,000 new millionaires and billionaires were made in the United States during the World War. That many admitted their huge blood gains in their income tax returns. How many other war millionaires falsified their tax returns no one knows.

How many of these war millionaires shouldered a rifle? How many of them dug a trench? How many of them knew what it meant to go hungry in a rat-infested dug-out? How many of them spent sleepless, frightened nights, ducking shells and shrapnel and machine gun bullets? How many of them parried a bayonet thrust of an enemy? How many of them were wounded or killed in battle?

Out of war nations acquire additional territory, if they are victorious. They just take it. This newly acquired territory promptly is exploited by the few – the selfsame few who wrung dollars out of blood in the war. The general public shoulders the bill.

And what is this bill?

This bill renders a horrible accounting. Newly placed gravestones. Mangled bodies. Shattered minds. Broken hearts and homes. Economic instability. Depression and all its attendant miseries. Back-breaking taxation for generations and generations.

For a great many years, as a soldier, I had a suspicion that war was a racket; not until I retired to civil life did I fully realize it. Now that I see the international war clouds gathering, as they are today, I must face it and speak out.

Again they are choosing sides. France and Russia met and agreed to stand side by side. Italy and Austria hurried to make a similar agreement. Poland and Germany cast sheep's eyes at each other, forgetting for the nonce [one unique occasion], their dispute over the Polish Corridor.

The assassination of King Alexander of Jugoslavia [Yugoslavia] complicated matters. Jugoslavia and Hungary, long bitter enemies, were almost at each other's throats. Italy was ready to jump in. But France was waiting. So was Czechoslovakia. All of them are looking ahead to war. Not the people – not those who fight and pay and die – only those who foment wars and remain safely at home to profit.

There are 40,000,000 men under arms in the world today, and our statesmen and diplomats have the temerity to say that war is not in the making.

Friday, July 01, 2011

Still think we don't control the world's oil?

Don't worry Oba mama doesn't have a clue on creating jobs but he does have killing people figured out.

 Just blame it on Bush!

Anyways, all the smart money is overseas and buying commodities because this guy is seen as a nitwit. Clueless is being polite. Chasing people around in the deserts is not working. Creating jobs by stealing money from Social Security is not working. Waving a magic wand and creating money out of thin air is not working

Bringing back Jimmy Carter"s policies, for Christ's sake. back is not working.

Leave the Middle East alone and drill here will work!

I'm off for the holiday see you next week!

New Statesman - Obama’s empire
In December 2008, shortly before being sworn in as the 44th president of the United States, Barack Obama pledged his belief that, "to ensure prosperity here at home and peace abroad", it was vital to maintain "the strongest military on the planet". Unveiling his national security team, including George Bush's defence secretary, Robert Gates, he said: "We also agree the strength of our military has to be combined with the wisdom and force of diplomacy, and that we are going to be committed to rebuilding and restrengthening alliances around the world to advance American interests and American security."

Unfortunately, many of the Obama administration's diplomatic efforts are being directed towards maintaining and garnering new access for the US military across the globe. US military officials, through their Korean proxies, have completed the eviction of resistant rice farmers from their land around Camp Humphreys, South Korea, for its expansion (including a new 18-hole golf course); they are busily making back-room deals with officials in the Northern Mariana Islands to gain the use of the Pacific islands there for bombing and training purposes; and they are scrambling to express support for a regime in Kyrgyzstan that has been implicated in the murder of its political opponents but whose Manas Airbase, used to stage US military actions in Afghanistan since 2001, Obama and the Pentagon consider crucial for the expanded war there.

Sounds good, doesn't it?.....

But who's going to collect the taxes? Not the Greek government, They haven't collect half or so of the taxes from the last bailout, LOL!

We'll be hearing more in a few months of other European governments entering bankruptcy and needing a bailout. Ok don't think for a minute Greece wont be one of them!

The Coming Depression: Greece pulls back from the brink
By Kerin Hope and Ralph Atkins in Athens

Greece has pulled back from the brink of default and averted a broader eurozone crisis after backing sweeping austerity measures in a knife-edge parliamentary vote.

George Papandreou, Greece’s socialist prime minister, won support on Wednesday for €28bn ($40.4bn) of tax increases and spending cuts, with just one of his party’s 155 parliamentary deputies voting against the package demanded by the European Union and International Monetary Fund.