Making money, of course......

Walmart gives it's customers what they want. They hire people at a set wage that the new hires agree to accept. They promote people on merit. Any woman who wanted a promotion had to earn it. Unfortunately for too many people, they couldn't measure up so they sue. By suing and winning they get a few bucks and the lawyers get millions. You and I pay for it in higher prices, lower stock values, and smaller bonuses for the rest of employees.

Now we know the real crime!

P.s a woman I know who used worked for Walmart joined a class action suit and won. She received a check for 25$.

 No, really. 25$ !

What Is Walmart's Crime? - William L. Anderson - Mises Daily

The Supreme Court's recent Walmart decision has stirred a hornet's nest at the New York Times. Indeed, what else can one expect from that paper but the belief that it would be a very good thing for lawyers and the government to loot one of the country's most successful businesses?

Yet, as I read an attack op-ed written by Nelson Lichtenstein, a professor of history at the University of California, Santa Barbara, I have to ask myself just what crime the NYT believes Walmart committed in the first place?

The charge was discrimination against women, and when feminists, racialists, and environmentalists make any charge against an American business, the NYT never fails to take their side in knee-jerk fashion. In fact, as the newspaper's editorial laments, the alleged actual damages to individuals were pretty small (maybe about $1,000), but claiming that all women who worked (or had worked) at Walmart after a certain year were victims of discrimination turned this whole thing into a multi-billion-dollar payout.

(Not surprisingly, the NYT's favorite class of lawyers, the plaintiffs' bar, would have had a small group of individuals receive hundreds of millions of dollars apiece while the women they represented wouldn't have got much at all. This is the NYT's version of "justice.")

And Blago proves it.....

Nothing changes in human nature. Power and corruption go hand in hand with big money, fast women and fame.

Add government muscle and look out!

I'm just surprised he was prosecuted. I guess embarrassing the Oba mama ain't cool!


'Government Is Just Another Criminal Gang' « LewRockwell.com Blog

Posted by Thomas DiLorenzo on June 27, 2011 07:23 PM

The Illinois Democratic Party is doing its best to prove this Rothbardian statement correct. The last two governors of Illinois are now convicted felons who are in prison. The Chicago Democratic Party political machine has long been regarded as the most corrupt political organization in America. They consider ACORN to be their "moral compass." Former Chairman of the House Ways and Means Committee, Danny Rostenkowski of Chicago, spent years in prison for theft, among other crimes. And of course all of these exact same people — Illinois Democrats — are now totally in control of the executive branch of the federal government. The worst DO rise to the top in government, as F.A. Hayek wrote in is classic book, The Road to Serfdom. Government is essentially organized theft, and the most proficient thieves, frauds, and liars naturally rise to the top. It's what an old friend called the "septic tank theory of government": The big chunks float to the top.
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Depend on the government leaders.....

There will be no cuts!

We will see only a slowing in the borrowing as it will prevent  the economy from disappearing. Soon as the Chinese come back into the market and buy us out of this political mess, and they will,  you have to wonder what it will cost us.

 Probably our empire. But not until the next big bust cleans out all the scum in Washington, right?

We have to remember that our government has been running deficits for 60-70 years and can do so for much longer because all world's economies depend on us to buy more of their shit then they buy of ours.

Besides, deficits are a political problem!

 Somebody has to lose and it ain't going to be pretty. And after the next bust, there will be more people bitching about deficits but still unable or refusing to vote for solving these deficits!

P.s we will always have deficits because that's how politicians can appease their constituencies and stay in power. (referred to as compromise and deal making in Washington.) Don't worry, our grandchildren will be bitching about deficits long after we are gone!

Gonzalo Lira: “Dream A Little Dream”: How Long Would It Take To Pay Off The U.S. Federal Government Debt?

How much would they have to cut, in order to pay off the national debt? And how long would it take, to retire that national debt in its entirety?

Well, in order to figure this out, first they’d have to get honest about exactly how much is the U.S. Federal government’s debt. (Honesty is a perverse side-effect of the Responsibility Bug and the Austerity Virus. Scientists are working feverishly to try to stop this honesty stuff.)

Total outstanding Treasury debt is $9.7 trillion—but that’s not the entire Federal government debt. To those $9.7 trillion, you have to add another $4.6 trillion, which corresponds to “intragovernmental holdings”—basically IOU’s or markers the Federal government has put in the famed “Social Security lockbox”.

Thus the total Federal government debt: $14.35 trillion.

That’s the number the Congress and President of our dreams has to close: $14.35 trillion. Or to be more precise: $14,344,491,791,132.71.

The current deficit is $1.65 trillion per year—but that bald number doesn’t help up much.

A better factoid would be knowing, How much revenue does the U.S. Federal government bring in per year, via taxes, fees and so on?

That would be $2.173 trillion, according to the OMB.

So let’s imagine that the Capitol Hill and the White House of our dreams agree to immediately cut all deficit-expenditures—that is, cut $1.65 trillion right off the top—and then they also agree to pay down the national debt on an “accelerated” schedule: Let’s say they set aside a third of all Federal revenue to pay down the Federal government debt. In other words, for every $3 of revenue the Federal government brings in, $2 will be for government services and operations, and another $1 will be for paying down the debt.

A third of $2.173 trillion is $724 billion.

So they start paying off the Federal government debt at this pace: $724 billion a year—a TARP per year. The Federal government “makes do” with just the two-thirds of its revenue, $1.45 trillion.

O.K.....We didn't need the jobs anyways.....

You can't make this shit up! And people wondered why I voted for pat Buchanan back in the '80's. You can't send your jobs overseas and expect to have a healthy economy.

This called 'hollowing out" and some of us told you so. By the way, how much money went into "campaign contributions" for this little plan, hmm?

 We are so fucked!

Bridge Comes to San Francisco, With Made-in-China Label - NYTimes.com

At a sprawling manufacturing complex here, hundreds of Chinese laborers are now completing work on the San Francisco-Oakland Bay Bridge.

Next month, the last four of more than two dozen giant steel modules — each with a roadbed segment about half the size of a football field — will be loaded onto a huge ship and transported 6,500 miles to Oakland. There, they will be assembled to fit into the eastern span of the new Bay Bridge.

The project is part of China’s continual move up the global economic value chain — from cheap toys to Apple iPads to commercial jetliners — as it aims to become the world’s civil engineer.

Manipulating elections is the norm.....

Nothing new in voter registration as dead people have voted every where there's elections. Of course, now days all you have to do is control the electronic programming and give one candidate the "benefit if doubt."

Soros and liberal groups seeking top election posts in battleground states - Washington Times

A small tax-exempt political group with ties to wealthy liberals like billionaire financier George Soros has quietly helped elect 11 reform-minded progressive Democrats as secretaries of state to oversee the election process in battleground states and keep Republican “political operatives from deciding who can vote and how those votes are counted.”

Known as the Secretary of State Project (SOSP), the organization was formed by liberal activists in 2006 to put Democrats in charge of state election offices, where key decisions often are made in close races on which ballots are counted and which are not.

The group’s website said it wants to stop Republicans from “manipulating” election results.

“Any serious commitment to wresting control of the country from the Republican Party must include removing their political operatives from deciding who can vote and whose votes will count,” the group said on its website, accusing some Republican secretaries of state of making “partisan decisions.”

SOSP has sought donations by describing the contributions as a “modest political investment” to elect “clean candidates” to the secretary of state posts.

Named after Section 527 of the Internal Revenue Code, so-called 527 political groups — such as SOSP — have no upper limit on contributions and no restrictions on who may contribute in seeking to influence the selection, nomination, election, appointment or defeat of candidates to federal, state or local public office. They generally are not regulated by the Federal Election Commission (FEC), creating a soft-money loophole

What an exercise in futility!.....

These clowns in Congress aren't serious. If you authorise the funds you are agreeing to the preposition that Oba mama can make war any time any place he wants.

Good thing he's not Bush, though! LOL.

House rebukes Obama on Libya, but lets funding continue - Washington Times

The House defeated two competing measures Friday that would have given President Obama differing levels of authority to continue the war in Libya, signaling a majority want to limit the president but that there is no consensus yet on how to do it.

Taken together, nearly 300 lawmakers voted against fully backing Mr. Obama — a devastating rejection of the president at a time when he has deployed troops overseas.

Yet those lawmakers were split between authorizing a limited support mission and wanting no involvement whatsoever, that division meant the House was unable to agree — essentially leaving Mr. Obama with a free hand to continue to fight the war as he wants.

“Congress today voted overwhelmingly against authorizing the war,” said Rep. Dennis J. Kucinich, an Ohio Democrat who has led anti-war forces in the House.

More lies......

We aint leaving. Just bringing troop levels back to 2009. Remember there's no money or votes in making peace!

Oh yea, Oba mama promised to bring troops home as soon as he was elected, remember?

Or was that re-elected?

Don’t Believe The Hype: Obama’s Af-Pak Troop Withdrawal Is A Propaganda Stunt | AmpedStatus

It is a positive development that the Obama Administration is withdrawing some troops from Afghanistan. However, Obama’s announcement of troop reductions is primarily a propaganda stunt. It is another perfect example of how the Obama Administration and the mainstream media manipulates public opinion and deceives the American public.

Headlines throughout the media are declaring: “Obama Announces Troop Withdrawal from Afghanistan” and “Obama to announce return of 30,000 troops from Afghanistan by end of next year.” All of this is designed to give you the impression that Obama is going to end the war, and give his re-election campaign a boast as well. As CBS News reported:

“President Obama’s ‘surge’ of 30,000 troops to Afghanistan announced in late 2009 was meant to be temporary, and Wednesday night the president is expected to announce that they will return home by around the time voters head to the polls to determine whether he gets another term.

These nuts insist on helping Russia.....

Russia jails these morons and pays no attention to anyone getting in the way of their oil supplies. After all, oil is life in the modern economy. Even peacenik Obama is murdering anyone who fucks with our oil.

And it's all our oil!

Why else are we still, after 9+ years, killing anything that moves in Afghanistan?

Environmentalists push to keep U.S., others from oil drilling in Arctic - Washington Times

DUBLIN — Environmentalists are toiling to stop a modern-day gold rush at the top of the world, as the U.S. and four other countries scramble to stake claims to potentially vast oil riches under the frozen waters of the Arctic Ocean.

Environmental activists such as Greenpeace are opposed to any resource extraction in the region.

“Greenpeace has been protesting on all Arctic ice drillings since 2000,” said Truls Gulowsen, program director of Greenpeace Nordic. “We believe it’s high time to put some bars on the industry’s push into the area. It’s too vulnerable, and there is no way to clean an oil spill out of ice.”

The U.S. Geological Survey (USGS) estimates that the Arctic region contains 90 billion barrels of oil, representing about 13 percent of the undiscovered petroleum in the world. The region could yield about $8.3 trillion in oil revenue at today’s prices.

Some oil experts say the oil fields off the Arctic coasts of the United States, Canada, Norway, Russia and Greenland, which is part of Denmark, could be more than double the USGS estimate.

Solving the debt crisis is easy for the Libs.....

Just take more from the guys who earn it and spend it on their favourite projects saving the world from greedy citizens. After all, that way we all belong to the state and we keep the liberals in charge!

Zakaria: What Greece teaches the U.S. – Global Public Square - CNN.com Blogs

The situation in Greece highlights for me how different America’s economic crisis is from Europe’s economic crisis.

America’s economic crisis is one that is actually economically soluble but politically very difficult to solve.

If we were to repeal the Bush tax cuts, we'd get $4 trillion of revenue over the next 10 years. If we were to enact Simpson-Bowles, we’d get $1.5 trillion by closing various tax loopholes. With a few simple economic decisions, we can solve America’s budgetary problem.

Now, of course, you have long-term healthcare costs to deal with. That’s a huge problem and I don’t pretend it isn't. But in every other respect you can bring down America’s budget deficit to what would be among the lowest levels of any Western country.

Greece faces a much more fundamental problem. There isn't an easy economic solution.

Greece is simply not going to be able to pay back the loans that it owes. If you do the math, it is inconceivable.

That is what people like Alan Greenspan are pointing out. There’s simply no reasonable set of projections that will get you to a place where Greece is going to be able to pay back its loans.

Poor lawyers....

No easy money for them from Walmart. As a stockholder I'm glad. The last class action suit I know of that the company paid the female associates got 25$. The Lawyers made a million or so.

Not exactly a thrill for anyone who works for a living. But the system isn't designed for them is it?

Justices nix Wal-Mart class-action bid - Washington Times

In a landmark decision hailed by major business groups, the Supreme Court quashed what would have been the largest class-action employment lawsuit in U.S. history, affecting potentially 1.6 million female employees of giant retailer Wal-Mart.

In the most closely watched business case of the high court’s term, business interests said the decision will provide a brake on catchall class-action suits that target some of the nation’s biggest employers.

“Defendants should have the opportunity to present individualized evidence to show they complied with the law,” said Robin Conrad, executive vice president of National Chamber Litigation Center, an arm of the U.S. Chamber of Commerce. “Too often the class-action device is twisted and abused to force businesses to choose between settling meritless lawsuits or potentially facing financial ruin.”

The court unanimously reversed a 9th U.S. Circuit Court of Appeals ruling that the Wal-Mart case could go ahead as a collective class action, and by a 5-4 margin also held that there were too many female plaintiffs in too many different jobs to justify a class-action lawsuit.

Vacation......

See you in a week or so.

Plan on instability....

The system is sick. As long as the Fed can pour money into the banks and they in turn buy the Federal bonds we will muddle through. But as the banks concentrate on making a free 3% return trading in  government bonds then the system is not getting new money for loans in the quantity it needs to expand. This is the futility of  quantitative easing and it has a  very limited  effect.

If the banks are only borrowing and investing in these bonds It remains to be seen if this can continue much longer without massive changes in the system.

Let's never forget that we can't drill our own oil thanks to the fanatics controlling the Democrats. And we shipped our middle class jobs overseas, thanks to the Republicans and the boy child Clinton, so there is very little wealth creation potential in selling Chinese trinkets and Jap cars to broke dicks without  good paying jobs or credit.

But the main point is the ruling class doesn't have a clue how to fix it!

Too involved in sex scandals and name calling which diverts our attention from the mess they got us into. But of course, you'll vote for them so the bad guys don't get re-elected and make any changes, right?

Death By Debt - Blogs at Chris Martenson

One of the conclusions that I try to coax, lead, and/or nudge people towards is acceptance of the fact that the economy can't be fixed. By this I mean that the old regime of general economic stability and rising standards of living fueled by excessive credit are a thing of the past. At least they are for the debt-encrusted developed nations over the short haul -- and, over the long haul, across the entire soon-to-be energy-starved globe.



The sooner we can accept that idea and make other plans the better. To paraphrase a famous saying, Anything that can't be fixed, won't.

The basis for this view stems from understanding that debt-based money systems operate best when they can grow exponentially forever. Of course, nothing can, which means that even without natural limits, such systems are prone to increasingly chaotic behavior, until the money that undergirds them collapses into utter worthlessness, allowing the cycle to begin anew.

All economic depressions share the same root cause. Too much credit that does not lead to enhanced future cash flows is extended. In other words, this means lending without regard for the ability of the loan to repay both the principal and interest from enhanced production; money is loaned for consumption, and poor investment decisions are made. Eventually gravity takes over, debts are defaulted upon, no more borrowers can be found, and the system is rather painfully scrubbed clean. It's a very normal and usual process.

When we bring in natural limits, however, (such as is the case for petroleum right now), what emerges is a forcing function that pushes a debt-based, exponential money system over the brink all that much faster and harder.

Need more evidence of the rot.....

Here's a Republican joining a company that has supported the Democrats for years. Of course, these guys are instrumental in the '08 meltdown.

Coincidence that they got away with it and were bailed out? Yea, right! If you were to check most of the gang in Congress owns stock and gets bribe money from the very gangsters who got us into this mess.

Gregg Goes to Wall Street, Fantasy Sports Tackle Lobbying and More in Capital Eye Opener: June 1 - OpenSecrets Blog | OpenSecrets

JUDD GREGG JOINS GOLDMAN SACHS: Former Sen. Judd Gregg (R-N.H.) is joining Wall Street giant Goldman Sachs, reports Politico's Chris Frates. The New Hampshire Republican, who retired in November after 18 years in the Senate, joins the prestigious -- and politically powerful -- firm as one of the firm's 17 international advisers.

The post is the second in which Gregg, a former member of the Senate Banking, Housing and Urban Affairs Committee, will bring his extensive experience with the intersection between banking issues, politics and policy to the private sector. It was first announced last month that Gregg would be join InterContinentalExchange Inc, an American finance company that operates a commodity-based online marketplace, as a member of the board of directors.

The rot is endemic......

You can't expect these whores in Washington to regulate or protect us from the corporations and Unions if they own their stocks, take their money or use their labor to get elected.

That's what causes the Empire to collapse. Nothing stops these entities from bidding up the price and then changing the rules mid stream as the highest bidder gets their payback. Eventually everyone loses confidence and the system grinds to a halt.

Oil prices high? Gas price ridiculous at the local pump? Blame it on Quantitative Easing from the Fed pouring money into the banks and gangsters on Wall Street and flooding the Commodities Future markets.

P.s, all the big shots in Washington are in on the scam. Click on the jump and read the whole article:

Candidates Scramble for Donors, AT&T Loves on Lawmakers' Charities And More in Capital Eye Opener: June 2 - OpenSecrets Blog | OpenSecrets

AT&T GIVES TO CONGRESS' PET CHARITIES: AT&T is following its own advertising slogan -- "stay connected"-- and applying it to politics.

The telecom giant has been donating significant money to many charities supported by key congressmen as it waits for federal approval of its merger with T-mobile, Politico reported. If approved, AT&T would become the largest wireless provider in the country.

Many of the charities that have received money from AT&T are affiliated with congressmen who have connections with the Federal Communications Commission.

AT&T, which is listed by The Center for Responsive Politics as a "heavy hitter," is not new to giving to congressmen. During the 2010 election cycle, people and political action committees associated with AT&T contributed $3.7 million to campaigns, and the company itself spent about $15 million on federal lobbying efforts.

And as of 2009, at least 68 lawmakers own AT&T assets, according to the Center's research. Sen. John Kerry (D-Mass.), a senior member of the Senate Commerce, Science and Transportation Committee, which has jurisdiction over the Federal Communications Commission, owns AT&T assets valued between $1.3 million and $1.6 million. New data on federal lawmakers' personal finances will be available later this month.

More nonsensical health scares...

Sell fear (or sex) and you become important and necessary. After all, these people at the World Health Organisation have to stay relevent to keep those cushy checks coming in from me and you.

The Daily Bell - Anthony Wile: Bacteria Hysteria Fanned by WHO Propaganda Machine

Anthony Wile: Bacteria Hysteria Fanned by WHO Propaganda Machine
Saturday, June 04, 2011 – by Russia Today

Russia Today's Bill Dodd interviews Anthony Wile, the founder and chief editor of thedailybell.com, who believes the hysteria about the bacteria behind the food poisoning is artificially created by the mass media – which he calls "the WHO's propaganda machine."

"I do not believe we have enough information at this time to be able to determine whether or not this is going to be a real serious outbreak here that is going to cause serious human casualties. But certainly the mainstream media are having their normal run at trumpeting this to be another grand hysteric situation," he said.

And the main aim for them, he says, is to drive more people into believing that organizations like WHO are there to do something to solve the problem.

"I would not expect them to do anything more than continue trumpeting these headlines in a way which will cause more and more hysteria, because what they are going to do is [to] level society with more rules and more regulations," Wile added.

The garden June 2011 our 41 st wedding anniversary.....

More nonsensical health scares...

Sell fear (or sex) and you become important and necessary. After all, these people at the World Health Organisation have to stay relevent to keep those cushy checks coming in from me and you.

The Daily Bell - Anthony Wile: Bacteria Hysteria Fanned by WHO Propaganda Machine

Anthony Wile: Bacteria Hysteria Fanned by WHO Propaganda Machine
Saturday, June 04, 2011 – by Russia Today

Russia Today's Bill Dodd interviews Anthony Wile, the founder and chief editor of thedailybell.com, who believes the hysteria about the bacteria behind the food poisoning is artificially created by the mass media – which he calls "the WHO's propaganda machine."

"I do not believe we have enough information at this time to be able to determine whether or not this is going to be a real serious outbreak here that is going to cause serious human casualties. But certainly the mainstream media are having their normal run at trumpeting this to be another grand hysteric situation," he said.

And the main aim for them, he says, is to drive more people into believing that organizations like WHO are there to do something to solve the problem.

"I would not expect them to do anything more than continue trumpeting these headlines in a way which will cause more and more hysteria, because what they are going to do is [to] level society with more rules and more regulations," Wile added.

Back to square one with Bin Laden...

good thing the government doesn't lie to us or we would all become conspiracy nuts and start believing in UFOs or something! Next thing you know someone will doubt the Warren Commission   and swear up and down they were idiots cause everybody knows that miracle bullets are not impossible in Washington.

Of course, if Oba mama doesn't get re-elected then we all know that whitey will never vote for a liar twice! (I made that up! Look at Clinton.)

The Daily Bell - Why Can't I See Bin Laden's Dead Body?

I am baffled by this secrecy surrounding Bin Ladens' death. Someone needs to do more explaining than has been done thus far.

Why when American taxpayers have funded a massive manhunt and eventual assassination of Osama bin Laden are they forbidden to see Bin Laden's dead body? Why does president Obama's presumed personal discomfort about seeing Bin Laden's dead body determine whether American citizens may see it? What kind of law authorizes the White House to dictate to American citizens whether they may or may not view Bin Laden's dead body? And I am sure there are many other questions roughly along lines of the above ones that could be asked and for which answers are arguably due us.

Over the nearly ten years since 9/11 there have been all sorts of conspiracy theories circulating about just who ordered the vicious attacks on the Twin Towers and the completely unjustified murder of the airline passengers and World Trade Center workers. Some of the doubters of the official story are difficult to dismiss but arguably certain alternative accounts are far less credible than the official account.

How come this guy is still alive or running around free.....

Obviously he doesn't like our lovable black president. Must be a reason?

Couldn't be all those great successes the Pres has to his credit.

Let me list them:

Oh well, could it?

Ralph Nader: Impeach Obama for Libya, War Crimes

Just what part don't you understand?.....

An Empire just doesn't fall out of the sky. I believe Clinton showed the way when he broke the law by lying in court and kept his job. (all he had to do was pray to Jesus with Jesse Jackson and cry for forgiveness to the women's league of voters or something. No one knows what that was all about but it worked! )

After that criminal left office, the next President, Bush was untouchable as long as he played ball and went after our "enemies" who wanted to sneak on airplanes and run them into perfectly good buildings. so we would quit killing their friends and relatives for having the audacity to live on top of our oil.

Bush and his gang instituted the Patriot Act which means that if the government calls you a terrorist they can arrest and incarcerate you forever and confiscate all your shit! Not that robbing people's shit hasn't been done before, but the scope now is breath taking and it turns out, under the Oba mama's regime it is worse!

Next step is to confiscate your guns and steal your property to pay for it because every scumbag in Washington knows that our guns are to take them out if they get uppity.

But the big problem living in an Empire is the uncertainty involved. Do you expect to start a business if these guys can take it? Are you going to save a lot of money if the banks can hand it over to them because you wont vote correctly? And what happens if you don't rat out your nutty relatives who want to be left alone in the boondocks and play American?

Think you'll be safe? What if they steal your Medicare and SS checks? Think VA benefits are exempt? Or your home?

Read on you might learn something!

Re: Gun Control Through Democratic Executive Legislation? « LewRockwell.com Blog

Manuel, regarding Gun Control Through Democratic Executive Legislation?, I was recently browsing through the List of people pardoned by George W. Bush, as is my wont, and noticed this one: the pardon, on Jan. 1, 2009, of poor Charles Thompson Winters, who was sentenced way back in 1949. After 60 years in jail, Bush let him out. His offense? “Conspiracy to illegally export, and illegal exportation, of a military aircraft to a foreign country; 18 U.S.C. §§ 88 (1946 ed.) and 371, 22 U.S.C. § 452, and Presidential Proclamation 2776 (dated March 26, 1948).”

So the President has taken over the legislative function (making law, via Presidential Proclamation or Executive Order), judicial function (because of the “political question” doctrine or threats such as Court-packing or ignoring the Court (“John Marshall has made his decision; now let him enforce it!“) or even arresting judges), enforcing it (it is the executive branch), and undoing it at will (via pardon or inaction), like an Emperor. (He can also make the equivalent of treaties without getting the Senate’s approval, by using “Executive Agreements,” and this can, possibly, effectively amend the Constitution via the Supremacy Clause—because the Bricker Amendment failed.)

Pretty simple, really.....

They own us. Try living without these giant corporations. Food, clothing, transportation, news, entertainment, you name it they own or control you. They own the media and the government. You can't fart with out their permission.

And most people don't care as long as they have football and shopping.

Live with it!

oftwominds: Models of Community: Alternatives to Corporate America

As I have often observed, the majority of America's household income flows to a handful of corporate cartels protected by the Central State. Most of the mortgage payments flow to the "too big to fail" banks. Most of the telecom payments flow to the few companies in the telecom cartel. Most of the energy money flow to the energy cartel. Most of the food budget go to the Big Ag cartel and the retail cartel. Most of the money spent on "entertainment" flows to the corporate media cartel, and so on.


Most of the global media is owned by 5 or 6 corporations. Most of the radio stations in the U.S. are owned by two corporations. This tremendous concentration of ownership of the nation's assets gives these cartels immense political power, and so the Central State acts as "partner" to Corporate America, protecting the cartels from competition by insuring that regulations are used to stamp out or limit competitors. Corporate losses are shifted to the backs of the taxpayers, all in the name of the "common good." Profits are private but losses are public--a peculiar definition of "common good."


Corporate profits are now the bellwether, and the raison d'etre, of the entire U.S. economy. The central State and the Federal Reserve have a single domestic goal: boost the U.S. stock market, which they have made the proxy for the economy's "health." If corporate profits and the stock market are rising, then all is well. Or so we are constantly told by Fed and Treasury hacks, toadies and lackeys.


If The Pledge of Allegiance reflected reality, it should now read: I pledge allegiance to the profits of the Corporate States of America, and to the stock market for which it stands, one nation under the Federal Reserve, with taxation and serfdom for all.


As I noted yesterday, the Central Savior State "makes things happen" via centralized top-down authority, predatory taxation and the ultimate threat of coercion. Community "social capital" is not coercive, centralized or exploitive. Global corporations share many characteristics with central states; the "taxation with representation" offered by our government is a facsimile of representation, for the representatives are all "owned" by or partnered with financial Elites. The U.S. has in essence become a Corporate State.

And the beat goes on.....

Buy any politician you want as long as you pick the right candidate and you get goodies. Pretty simple. What's newsworthy here?

Want to end it?

Remove the corporate tax rate on income earned by private contributions and then tax heavily income from government subsidies. Going to happen? Sure as soon as we find Bin Ladin's body !

Federal Judge Reverses Ban on Direct Corporate Contributions - OpenSecrets Blog | OpenSecrets

A federal judge in Virginia declared on Thursday that the long-standing ban on corporations contributing directly to candidates running for federal office was unconstitutional.

U.S. District Judge James Cacheris based his ruling on the U.S. Supreme Court's Citizens United v. Federal Election Commission decision from January 2010, which made it legal for corporations to make unlimited independent expenditures to support or oppose federal candidates. The controversial 5-4 Supreme Court ruling in Citizens United left intact a ban on direct corporate contributions to federal candidates.

Cacheris' decision struck down sections of the Bipartisan Campaign Reform Act of 2002, also known as the McCain-Feingold Act, named after its chief sponsors Sens. John McCain (R-Ariz.) and Russ Feingold (D-Wis.).

"That logic is inescapable here... if, in Citizens United's interpretation of Bellotti, corporations and human beings are entitled to equal political speech rights, then corporations must also be able to contribute within FECA’s limits," Cacheris states in his opinion for the case, U.S. v. Danielczyk.

The Federal Election Campaign Act (FECA) sets caps on how much money individuals can contribute to federal candidates -- amounts that increase every election cycle. The current contribution limit is $2,500 per election, with a primary election and a general election being viewed as two separate elections.

The defendants in the case before Cacheris -- William Danielczyk, 49, and Eugene Biagi, 76, who live in Oakton, Va.-- allegedly reimbursed $30,200 to eight contributors to Hillary Clinton's 2006 Senate campaign and reimbursed $156,400 to 35 contributors to her 2008 presidential campaign from their company's treasury, the Associated Press reported.

Until Thursday's ruling, the Citizens United case had not been applied to direct contributions by corporations. Earlier this month the Eighth Circuit Court of Appeals sided with a federal judge in Minnesota who upheld that state's ban on direct campaign contributions.

Most republicans are of the same mind.....

None of the bastards can cut spending and get re-elected. Bitching about it does no good. Only not voting works. Just look at the great government we got by voting! But but but....Nice try but ignoring them will work better because in order to change these people have to go the way of the Dodo bird because too many people make their living sucking off a government check.

And the system will never end if we keep giving them permission to keep the charade of democracy going by voting for it.

And yes, the system must collapse for any real reform. The criminals must be run out of town or locked up. One can only hope!

In the meantime, there can be no cuts!

 Unless we give up our Social Security, VA., Medicare,welfare, educating the gangsters in the neighbourhood, killing brown people around the world so we don't have to drill our own oil(until it becomes 400 a barrel,I guess.) Giving billions to rich corporations and organisations, spending trillions on chasing goat fuckers around worthless deserts, etc. etc.Let alone taking away  millions of government employee paychecks and let's not forget, billions of handouts to the rich who own our government!

Blaming just the Dems or the Republican for taking care of their own constituencies is politics as usual and it has always been that way and always will be!

None the less, the rate of borrowing , unsustainable any ways, will be lowered and everyone  in Washington goes back to their constituencies and brags about their part in restoring fiscal responsibility and not changing a thing.

As usual, kicking the can down the road and getting rewarded for it by keeping their jobs and prestige. No click on the jump andread the following carefully and simply substitute the opposite party in this screed and you'll see what I mean:

HURT: Democrats addicted to spending our cash - Washington Times

Republicans want to destroy Medicare and persecute the elderly, House Speaker Nancy Pelosi says.

Yes, this is the same woman who for nearly a quarter-century has taken part in stealing from our Social Security account to pay for politicians’ favored welfare programs. The same woman who, as leader of the recalcitrant party for more than 12 years, could have single-handedly brought her people to the table to act like adults and solve these serious problems before they became the full-blown crisis they are now.

Of course, no one can forget the last time that Mrs. Pelosi led her people in a spaz-out worthy of a hormonal teenager.

That was when former President Bush offered a tiny little fix to Social Security. A small fraction of the Social Security taxes you pay would have been earmarked for you in an account that could not be pried open by Congress and pillaged to pay for methadone clinics, the National Endowment for the “Arts” or whatever other crazy schemes Democratic lawmakers can invent.

I think he needed this vacation....

Don't you? Oba mama's only had two or three this year. And look how great the recovery's going, right? And with the pygmies in the Republican race he looks pretty safe right now. Of course, he needs to suck up to the Jews a little more since joining the Hamas and Palistinians but what the Hell he never said he wasn't a Moslem sympathiser now did he! LOL

Obamas receive royal welcome to Britain - Washington Times

LONDON (AP) — President Obama immersed himself in the grandeur of Britain’s royal family Tuesday, as QueenElizabeth II welcomed him to Buckingham Palace for the first day of a state visit that kept the president largely out of sight for most of the British public.

There was an elaborate arrival ceremony on the steps of the palace’s West Terrace, complete with a 41-gun salute; a tour of the queen’s private gallery, where the monarch highlighted items she thought would hold personal significance to the president; and a short meeting with newlyweds Prince William and the Duchess of Cambridge, nee Kate Middleton.

But the pomp and pageantry happened largely behind the palace walls. Though pictures of Mr. Obama‘s visit blanketed British television, the president made no formal remarks Wednesday, except for a brief statement on the deadly tornadoes in the United States.

oh yea,....

Didn't I tell you to buy coffee? Over the last year and and a half!

McDonalds, where Patti and I get a cup every day, is having shortages every week. Have to wait for the truck! McDonalds with out coffee? Like Obama without a vacation!

But you ain't seen nothing yet! Buy food and save a small fortune, LOL.

Smucker Boosts Coffee Prices For Fourth Time In Past Year - WSJ.com

DOW JONES NEWSWIRES

J.M. Smucker Co. (SJM) increased the list price for most of its coffee products by an average 11%, its fourth rise in about a year.

The food company, which also makes jams, ...

We have more energy assets just let us get them!....

The world is awash in oil and natural gas. Our problem is that the oil producers want to keep the supply short to keep their prices up. That's why they give so much money to the world's politicians and "Green" organisations.

That's pretty much why we used to hear so much about the "Global Warming " bullshit. Fear and uncertainty about drilling, burning and nuclear is created by these guys to prop up their balance sheets.

I still remember Dupont scaring the Be-Jesus out of the world with the "Ozone hole" going to give the Penguins a sunburn if we didn't stop using Freon, a heavier than air gas, floating up and chemically destroying the Ozone.

Why would Dupont pay for this scaremongering? Their patent expired on Freon and they had a new one to replace it with!

Shale motherlode brings world of change - Washington Times

WASHINGTON, Pa. — Earlier this year, Phillip Whalen packed his bags, left his home in Louisiana and set up shop in western Pennsylvania.

The 15-year oil and gas industry veteran said work has dried up around the Gulf of Mexico, in part because of the fallout from the BP PLC oil spill last year. In what has become a kind of reverse national oil rush, Mr. Whalen said, his motivation for heading north to this small community 20 miles south of Pittsburgh was simple.

“I’m doing what I have to do to keep a roof over the head and pay the bills,” the grizzled family man said early one morning. He was dressed in a blue jumpsuit and was smoking a last cigarette outside his hotel before heading off to work.

His company, T3 Energy Services, sent him to Washington, the economic epicenter for exploiting what many think is the nation’s path away from dangerous dependence on foreign oil.
Technicians monitor the status of a fracking drill as it descends thousands of feet below the earth's surface. Opponents say fracking contaminates the water supply with chemicals used in the process. (Andrew S. Geraci/The Washington Times)Technicians monitor the status of a fracking drill as it descends thousands of feet below the earth’s surface. Opponents say fracking contaminates the water supply with chemicals used in the process. (Andrew S. Geraci/The Washington Times)

Big energy companies have set up shop here to tap the Marcellus Shale, a massive chunk of marine sedimentary rock stretching from the Finger Lakes region of New York as far south as Kentucky and Tennessee, holding within its subterranean grip vast deposits of natural gas.

Obama throws Israel under the bus.....

Don't worry the Jews will still give him their money. After all, he's the only Democrat who can veto the evil Republicans cutting handouts.

Speaking of which, I'm told now that 59% of American get a check from the Feds. Still waiting for budget cuts?

 Yea, right!

Obama's speech doesn't sway some key donors - Washington Times

President Obama failed to ease mounting worries of key Jewish donors Sunday at a speech before the annual policy conference for the American Israel Public Affairs Committee (AIPAC).

Steve Rosen, a former director of foreign policy for AIPAC, said, “the president’s decision to confront Israel’s prime minister in this visit is going to deepen the feeling that Obama will continue to put the U.S.-Israeli relationship in peril. Pro-Israel donors who have been on hold until now will accelerate the search for an alternative to Obama.”

Two such donors who asked not to be named said the president’s speech failed to ease concerns about the lack of trust between the governments of Israel and the United States.

“The speech presented a wonderful opportunity to correct attitudes the White House and supporters of the president believe are misperceptions,” another Jewish community leader told The Washington Times.

“The ball came right over the home plate. He swung hard, but it lined out foul,” said the donor, a prominent Jewish community leader.

The rot we know as Obama's Administration.....

Ho hum, nothing new to see here, move along! Republican or Democrat crime pays!

After approving NBC buyout, FCC Commish becomes Comcast lobbyist

Meredith Attwell Baker, one of the two Republican Commissioners at the Federal Communications Commission, plans to step down—and right into a top lobbying job at Comcast-NBC.

The news, reported this afternoon by the Wall Street Journal, The Hill, and Politico, comes after the hugely controversial merger of Comcast and NBC earlier this year. At the time, Baker objected to FCC attempts to impose conditions on the deal and argued that the "complex and significant transaction" could "bring exciting benefits to consumers that outweigh potential harms."

Four months after approving the massive transaction, Attwell Baker will take a top DC lobbying job for the new Comcast-NBC entity, according to reports.

The response of groups like Free Press was expected in its anger, but not without merit. "No wonder the public is so nauseated by business as usual in Washington—where the complete capture of government by industry barely raises any eyebrows," said Free Press' Craig Aaron. "The continuously revolving door at the FCC continues to erode any prospects for good public policy. We hope—but won't hold our breath—that her replacement will be someone who is not just greasing the way for their next industry job."

Such cash-ins, of course, are a bipartisan affair in Washington.

Attwell Baker this afternoon released a statement once the news broke, explaining that she would leave on June 3 and that she was "privileged to have had the opportunity to serve the country at a time of critical transformation in the telecommunications industry. The continued deployment of our broadband infrastructures will meaningfully impact the lives of all Americans. I am happy to have played a small part in this sucess.

Can you spell whore master?.....

Try getting past the Christian  in the south and you'll see what I mean. This guy, Gingrich, fucked around on his wife while she was dying of cancer in the hospital. How many votes do you see for this scumbag? Then he calls for a form of national health care and more Federal Spending.

Oh yea, I hear he's now a Catholic. The kiss of death in the south. LOL

Newt Gingrich: Health Care Socialist « LewRockwell.com Blog

Posted by Laurence Vance on May 16, 2011 12:56 PM

Gingrich made the case on Meet the Press yesterday, not for a free market in medical care and medical insurance, but for Gingrichcare. Interesting that back in 1993 Gingrich said he favored the federal government requiring individuals to buy health insurance and then subsidizing individuals’ purchase of health insurance on a “sliding scale” determined by their income. Now he supports requiring all individuals to buy health insurance, post a bond to pay for health care, or in some way indicate that they are going to be accountable.

Is any of this a surprise? I think Gingrich for president will turn out to be a total flop like Giuliani for president.

Can you spell whore master?.....

Try getting past the Christian fanatics in the south and see what I mean. This guy, Gingrich, fucked around on his wife while she was dying of cancer in the hospital. How many votes do you see for this scumbag? Then he calls for a form of national health care and more Federal Spending.

Oh yea, I hear he's now a Catholic. The kiss of death in the south. LOL

Newt Gingrich: Health Care Socialist « LewRockwell.com Blog

Posted by Laurence Vance on May 16, 2011 12:56 PM

Gingrich made the case on Meet the Press yesterday, not for a free market in medical care and medical insurance, but for Gingrichcare. Interesting that back in 1993 Gingrich said he favored the federal government requiring individuals to buy health insurance and then subsidizing individuals’ purchase of health insurance on a “sliding scale” determined by their income. Now he supports requiring all individuals to buy health insurance, post a bond to pay for health care, or in some way indicate that they are going to be accountable.

Is any of this a surprise? I think Gingrich for president will turn out to be a total flop like Giuliani for president.

Stupid is?.....

Just think he used to be important. Now he's a joke. Ho hum.

Giuliani Is Evil and Stupid « LewRockwell.com Blog

Giuliani Is Evil and Stupid
Posted by Laurence Vance on May 16, 2011 01:23 PM

And no, I am not exaggerating. In a recent interview, Rudy says he once told President Bush that he wanted to be the one to execute bin Laden. He went on to equate bin Laden with Hitler and Stalin. “Our intelligence ability is terrific,” says America’s mayor. Really? Our great intelligence agencies failed to prevent 9/11 and then took ten years to find bin Laden. And this guy ran for president?

A look at spring in the Rockies.....

There will be no "cuts!"......

A slowing in the borrowing starting some years in the future is all. Watch the moaning and hair pulling as the frauds in office fuck us over. No politician can afford to take one dime a way from anyone and stay in office.

So we kick the can down the road. prepare yourself for the next bust. 5 years, or a couple more, then bam!!!

By the way, how's the recovery working for you? Are you better off now than 4 years ago? And which politician will make it all better? Think Oba mama can be beat by the flyweights in the Republican party?

Yea, right! They need a miracle because this guy can spend damn near a billion to get his gang re-elected.

 And it's all a matter of money now days!

oftwominds: Our Peculiar State of Suspended Animation

The U.S. is in a peculiar state of suspended animation: nothing is actually moving, we're all frozen in an extended moment of disbelief, denial and crisis, waiting for something to finally break loose.


We know the present isn't sustainable, but we go through the motions of phony "reforms" and "trimming the deficit" as if another 1,000 pages of "reforms" will fix what's broken in the economy or that trimming $50 billion from $1.7 trillion annual deficits will actually matter.


The wheels visibly fell off the bubble-debt-fraud economy four years ago in mid-2007. It's worth recalling that the U.S. won a global war (World War II) in less than four years, yet now we are pleased to borrow and and squander an extra $1 trillion a year just to keep our fragile state of suspended animation from being disrupted by unpleaseant reality.


In a nutshell, here's the reality: the entire "prosperity" of the past decade was a false prosperity, constructed entirely of money borrowed by the private sector based on the rising value of McMansions and strip-malls that made no sense except as speculations based on the Federal Reserve's credit-bubble policies and Wall Street's systemic financialization of that debt based on fraud and misrepresentation of risk.


The private sector borrowed and spent an extra $1 trillion a year in the "boom years" of the bubble decade. This debt-based stimulus vanished with the implosion of Wall Street's fraud machine (CDOs, mortgage-backed securities, etc.) and the collapse of bubble-era housing valuations.


As overleveraged households and businesses found they could no longer borrow $1 trillion extra a year to spend, then the Federal government stepped in and borrowed and spent $1 trillion a year to replace the private borrowing which had dried up.


This $1 trillion is incredibly obvious. Federal spending rose by exactly $1 trillion from 2007 to 2010, while revenues fell by $400 billion:


Spending:
2007 $2.72 trillion
2010 $3.72 trillion

My garden in the Idaho Paradise is officially started...

Hanging Tomatoes Upside Down TutorialTechnorati Tags: Tomatoes, Idaho, Paridise

The Circus' continue....

Oba mama is in campaign mode. Thank God he can kick off his re-election bid with Ben Ladin's assassination. We needed this sissy to kill something besides helpless brown women and children in foreign countries the average public school educated citizen in this country couldn't find on a map.

Yes, it's time to re-anoint His Highness because he changed everything the evil Bush did! er..OOPS.

Well he said he would and that's all that counts and after all he murdered Osama, didn't he? After all we all seen the body to prove it, didn't we? ah...OOPS.

Well the economy is going great guns under his watch and food and gas is cheaper with him in there, right? OOPS.

Well didn't we pull out of all those nasty countries whose citizens want us dead for invading their hovels and butt fucking their camels? Yea, OOPS.

Well didn't  he save Social Security and Veteran Benefits so the poor bastards without a nickel to their names can stay off the streets. More OOPS.

Well he did cure homelessness, blindness, hunger, global warming, bad Mexican food, saved the Titanic, stopped the grey alien invasion, told the Pope to mind his own business,  and even got Donald Trump to get a buzz cut to save us from staring at his comb back. OOPS.

Wait until you see His Highness in his next term!

Democrats and Republicans: They Just Take Turns Ripping Us Off | Greg Hunter’s USAWatchdog

In my worst nightmares, when the lights are swallowed by the smog of some nefarious gloom and the air itself becomes a stale sarcophagus into which I am entombed, and the grim hands of putrefied fate sink their wretched grip into the thick of my neck and all seems irrevocably lost, I merely recall that soon I will awaken to the horror of a terminal America infested by career criminals and certifiable morons, and suddenly, my off color dreams don’t seem so bad. Ultimately, there is nothing worse to me than a public majority that takes everything they hear from the mouths of political warlocks at face value. Even the fear of death is truly a pittance compared to the threat of being enveloped by a stampeding herd of frightened, stupid, human cattle.

Is this melodramatic? Not at all. When a man is aware, and by aware I mean honest with himself, he inevitably suffers the pain of being certain while the rest of the world enjoys the bliss of false assumptions. We live in a culture that inflicts great punishment on those who know, and lavishes enticing but short lived rewards on those who ignore. In such a place as this, meaning disappears, and countries die.

Better 60 than dead!.......

Speaks for itself, doesn't it?....

America: The Age of Stupid

Well I'm convinced....

If our dear leader said it happened this way (or maybe this way over here, no wait this is how it happened... No it really happened this way.. no wait!...) by God then it must be true because everybody knows our presidents never lie to us! That goat fucker is dead and that's all there is to it.

Of course, we've been told that every year or so for the last7 or 8 years but you know how Bush was always lying, right, and Democrat presidents never lie (except to get elected and stay in office!)

Then again, Oba mama's left wing nuts are calling him a liar, but who's going to listen to them. They voted for him and will do so again because nobody in the right mind would vote for a lying Republican president who would keep us in Afghanistan, Iraq, Gitmo, Libya, military tribunals, triple the budget deficit, controlling the borders with Mexico and give the gangsters druggies guns, not punish banksters, take over GM, universal health care for all, supposedly lying about killing Osama but refusing to release pictures and conveniently throwing him into the ocean.... need more?

P.s no one ever said these voters  aren't brain dead, did they?

If I agree to raise taxes on the rich...

What's in it for me? The left has to convince everybody that they will be able to pay us off to cut military spending and rob the rich. Hey what's interesting is that most rich people are Democrat voters and only agree on raising taxes because they know that they wont pay for them.

You will!

Rich people who who have "taxable income" collect these taxes from their employees and customers and send them to the government. Only individuals like you and I pay taxes from wages.

Poor people only pay taxes from their purchases of goods and services and get money from the government in so called earned income tax credits and various welfare handouts so they don't murder the rich. (By the way, the rich own the government! You think they give campaign contributions out of patriotism? )

All so called income taxes come from the sale of goods and services.

In effect these so called income taxes are sales taxes. 

Though politically impossible because it would destroy the a large part of the middle class consisting of government workers who push paper around and invent fuck head rules that accomplish nothing worthwhile, instituting a "National Sales Tax" would insure a huge wave of cash into the National Treasury.

You would still have income taxes because we can't have those greedy rich fuckers keeping all that money they made in legal and necessary fair transactions and not fork it over to politicians to save them from us.

The net effect is  of course, we could finish conquering the world and put "American Idol" on every ones lips through out the world. We could also give everyone on the planet U.S citizenship.

Even President Obama!!!

In the meantime, it's politics as usual as the left keeps propping up the old "let's soak the rich so we can give everybody Heaven on Earth if only you would vote our way!" and the right defending the rich because it's their money and we need to keep scaring the fuck out of them to keep this great gig of politics as usual going!

Oh yea, didn't  I tell you voting is a waste of time!!!

Guernica / Robert Reich: Beware the “Middle Ground” of the Great Budget Debate

If the super rich paid taxes at the same rates they did three decades ago, they’d contribute $350 billion more per year than they are now—amounting to trillions more over the next decade. That’s enough to ensure every young American is healthy and well-educated and that the nation’s infrastructure is up to world-class standards.

Nor does the President’s proposal go nearly far enough in cutting military spending, which is not only out of control but completely unrelated to our nation’s defense needs—fancy weapons systems designed for an age of conventional warfare; hundreds of billions of dollars for the Navy and Air Force, when most of the action is with the Army, Marines, and Special Forces; and billions more for programs no one can justify and few can understand.

If Americans understood how much they’re paying for defense and how little they’re getting, they’d demand a defense budget at least 25 percent smaller than it is today.

Finally, the President’s proposed budget doesn’t deal with the scandal of the nation’s schools in poor and middle-class communities—schools whose teachers are paid under $50,000 a year, whose classrooms are crammed, that can’t afford textbooks or science labs, that have abandoned after-school programs and courses like history and art. Most school budgets depend mainly on local property taxes that continue to drop in lower-income communities. The federal government should come to their rescue.

Technorati Tags: soak the rich

Another payday for the gang in Washington...

Kind of neat how this works, aint it?

Pakistan's Lobbyists, Dennis Kucinich's Small-Donor Money Machine and More in Capital Eye Opener: May 4 - OpenSecrets Blog | OpenSecrets

LOBBYISTS FOR PAKISTAN: What do you do when you're a foreign government facing heat from U.S. lawmakers about whether you were officially hiding, aiding or abetting Osama bin Laden? Turn to federal lobbyists for assistance, of course. "Pakistan will likely call upon Washington lobbyists to help repair its fraught U.S. relations after Osama bin Laden was found and killed in the country Sunday," The Hill reported Tuesday. The newspaper goes on to note that "Locke Lord Strategies has been lobbying for the Pakistani embassy since May 2008, earning more than $1.9 million in fees, according to Justice Department records."

Locke Lord Strategies' lobbying team is headed by Mark Siegel, a long-time Democratic operative who previously worked in the White House during Democrat Jimmy Carter's presidency. According to research by the Center for Responsive Politics, Siegel donated $1,000 to both Hillary Clinton, now the U.S. Secretary of State, during her failed 2008 presidential bid. During the 2008 election cycle, his wife, Judith Siegel, who is a consultant to the State Department and an adjunct faculty member at New York University, meanwhile, donated $3,550 to Barack Obama.

Seig Heil, baby....

This is the bullshit that crashed our banks. Extortion is a crime if you do it but the Fed's are immune. It's not profitable to make these ghetto residents loans. Nobody gives a shit if they're black, white or pink! Now the banks will have to make loans to these Oba mama supporters no matter what!

P.s you will pay for these worthless loans!
 
Citizens Republic Settles Detroit-Bias Claims - WSJ.com

DETROIT—Federal law-enforcement officials reached a $3.6 million settlement with Citizens Republic Bancorp over allegations that branches of its banks discriminated against Detroit's black residents by improperly favoring white residents in southeastern Michigan.

The Justice Department alleged in court papers that branches of Republic Bank and Citizens Bank, which are now owned by Citizens Republic Bancorp, "essentially provided its services in a horseshoe" around Detroit, engaging in redlining "intended to deny and discourage, or have the effect of denying or discouraging, an equal opportunity to the residents of the majority-black neighborhoods" in Detroit.

In 2007, Citizens Banking Corp. acquired Republic Bank and became Citizens Republic Bancorp. A bank company spokesman didn't immediately return a call for comment.

Citizens Republic Bancorp had total assets of $10.6 billion, with $8.1 billion in deposits, as of October of last year, according to court papers. Its largest operation is in Michigan through its Citizens Bank subsidiary, which has more than 150 branches.

Citizens Republic Bancorp currently operates nine branches within twenty miles of Detroit, but all of branches save one are located in majority-white census tracts. None are in the city limits of Detroit.

As part of a proposed settlement that still needs court approval, Citizens will invest $1.625 million in a partnership with the city of Detroit by providing existing homeowners with matching grants of up to $5,000 to fund exterior improvements. The bank also pledged to spend $1.5 million in a financing program to increase credit to majority African-American areas in Wayne County which surrounds Detroit, and to spend $500,000 for outreach to alert potential customers.

Citizens Bank will also open a loan office in a majority African-American area in Detroit and conduct fair-lending training for its employees, according to federal officials.

All Bush's fault.....

LOL.

 Except every Bush policy is being perpetuated by this so called lefty

Obama: bin Laden raid evidence Afghan strategy is working - Washington Times

President Obama capped off a week that began with him announcing the death of Osama bin Laden with a trip Friday to Fort Campbell in Kentucky to thank the Navy SEALs whose daring nighttime raid on a compound in Pakistan Sunday ended the decade-long hunt for the world’s top terrorist.

After meeting privately with the special forces’ raiding party, Mr. Obama told a broader groups of troops at the fort that the operation will go down as “one of the greatest” in American history.

“This has been a historic week in the life of our nation,” Mr. Obama said. “Thanks to the incredible skill and courage of countless individuals — intelligence, military — over many years, the terrorist leader who struck out nation on 9/11 will never threaten America again.”

Fort Campbell is home to the 101st Airborne Division, and many of its troops have recently returned from Afghanistan — a conflict Mr. Obama has invested heavily in by adding tens of thousands of troops.

Just another look at the racket....

Prices don't rise by magic or because a handful of goat herders have taken over the oil fields or when rice jockeys buy up everything with all that American money. But it does take a lot of money to influence it and when you have a global market as we do nowyou have to have the money to move materials in it. This market can and is manipulated by the big buck guys and there's nothing much governments can do about it. Hence, buying and selling causing these guys chasing a profit and bidding against each other and to Hell with you and your puny pay check or voting the bastards out!

Of course, you can always, as all politicians do, call them names as Oba mama has amply demonstrated when he railed against the oil speculators. Hey, it's good for laughs and look how well it worked out for president Nixon! 

Did Goldman Sachs Help to Create the Current Food Crisis? | Oil Price.com

In a shocking report by Frederick Kaufman that has been featured on the Foreign Policy website, the role of Goldman Sachs and its Wall Street cohort in creating the food crisis has been revealed.

Frederick uncovers the 1991 scheme where Goldman bankers lead by Gary Cohn created a derivative that tracked 24 raw minerals; including coffee, cocoa, cattle, corn, hogs, soy and wheat and how that scheme was then manipulated to raise food commodity prices.

Each element was given a calculated investment value and is now known as the Goldman Sachs Commodity Index (GSCI). The GSCI has been a static commodity vehicle for the past decade while bankers focused their attention on collateralized debt (hello economic crisis) until 1999 when futures markets were deregulated. That’s when bankers started taking large positions in grains.

Following the money trail Frederick reports:

Food inflation has remained steady since July 2008 when there was $318 billion in the commodity markets - up from the $55 billion speculators dumped in the first 55 days of 2008. In 2003 commodities futures markets were only worth $13 billion. "You had people who had no clue what commodities were all about suddenly buying commodities," an analyst from the United States Department of Agriculture stated.

Between 2005 to 2008 worldwide prices of food rose 80 percent, and they’ve kept on rising. Olivier De Schutter, the U.N. Special Rapporteur on the Right to Food, concluded that in 2008 "a significant portion of the price spike was due to the emergence of a speculative bubble."

The government owns you!......

And big corporations own the politicians who run it. Harry Reid and many others took big bribes from the Casino industry in order to make  their competition illegal!

Why else would anybody give these scum bags "campaign contributions."

Leave the Gamblers Alone! - Stossel's Take Blog - FOXBusiness.com

Yesterday ESPN announced they will remove all poker-related programming and advertising (except for this year’s World Series of Poker).

Wimps. And the gambling industry is no better. Industry lobbyist, former senator Al D’Amato, claims “[poker] is a game of skill” and therefore should not be subjected to federal anti-gambling laws. “Regulate it, but don’t ban it,” he says.

Give me a break. The cowardice of business in standing up for free markets never ceases to amaze me.

What wimps! Why don’t they have the courage to say the government has NO business intervening in an activity between consenting adults? I’d hope the poker lobby and the leading sports network would defend the game and its players. Instead they push legal tricks or distance themselves from poker.

The feds accuse the companies of bank fraud and money laundering. The LA Times reports:

In 2006 Congress passed a law curtailing online gambling. Most of the leading sites found ways to work around the law…

Well, duh. That’s what happens when prohibitionist politicians create black markets. Alcohol prohibition created organized crime.

Why does the government ban online poker in the first place? Because busybodies like Senator John Kyl call it “the crack cocaine of gambling.” They point to a study that claims there are millions of American gambling addicts.

The study exaggerates the problem, but I acknowledge that some people can’t handle gambling. But those people get into trouble anyway – legal or illegal. Online poker players are consenting adults wagering their own money, causing little harm to anyone else. If we want to ban things because they might be addictive, then why not ban alcohol? Smoking? Sex? The stock market?

Government outlaws online gambling, yet it runs its own gambling operation: the state lotteries. And what a scam they are! States offer terrible odds. The indicted poker sites

Glad somebody's happy....

Ever notice that the left gets really blood thirsty? If Bush had done it we would be having impeachment hearings!

Instead, everyone's yelling "next!"

I warned everybody who would listen that our government is desperate to get the public's mind off of the depression and on to something they can control and executing mass murderers has a nice ring to it!

Now wait for the lies about cutting  the budget starting in 2016 or so after the current crop of toadies are working as lobbyist and a new Congress gets on the gravy train.

Oh, did i tell you your going to pay for it!

Former Israeli Defense Minister Lauds U.S. Assassination Policy « LewRockwell.com Blog

Obama’s assassination of bin Laden sets a law-breaking precedent. Calls to assassinate Gaddafi quickly emerged after bin Laden’s killing was made known. Now Shaul Mofaz, a former Israeli Defense Minister and current head of the Knesset Foreign Affairs and Defense Committee, says that the U.S. has adopted Israel’s already existing assassination policy.

Worse yet, he argues that Obama’s action justifies Israel’s assassinations: “Mofaz said in an interview with Israeli radio on Tuesday that Washington’s decision to kill bin Laden rather than try him in a court of law justified the former policy that Tel Aviv implemented against Palestinians that included killing Hamas and other senior Palestinian officials.” Hence, lawlessness begets specious justifications for more lawlessness. If officials of the Israeli and the U.S. governments can assassinate people, and if this is perceived or advertised as justifiable, then the officials of any nation can also instigate murders, justify them with these false rationales, and get away with murder.

One good thing about the Mofaz statement is that he sees clearly what Obama has done and says it like it is. He doesn’t sugarcoat it. It’s murder without rule of law and without trial, decided by government officials.

See what I mean....

Voting is useless!
Do I need to remind you that I don't believe a word they say? I figured they had Osama's body but they buried it at sea!

Huh!!!!

Big Companies, Special Interests Hire Private Congressional Delegations to Lobby Government - OpenSecrets Blog | OpenSecrets

When AT&T goes forth to lobby the U.S. Congress, the company brings its own congressional delegation -- six members in all.

These politicos are no longer elected officials, but close enough: Former Sens. Trent Lott (R-Miss.) and John Breaux (D-La.) represent the telecom giant, as do ex-Reps. J.C. Watts (R-Okla.), Vic Fazio (D-Calif.), Jim Davis (D-Fla.) and Michael Forbes (R-N.Y.).

And AT&T is hardly alone in tasking congressional alumni to do its corporate bidding on Capitol Hill.

In all, 43 different companies, organizations and special interest groups last year employed at least three former congressmen as registered federal lobbyists, a Center for Responsive Politics analysis indicates.

Together, they spent hundreds of millions of dollars last year lobbying the federal government on a spectrum of issues, from the highest of profile -- health care reform, financial regulatory reform -- to the comparatively obscure -- technical taxation matters, lithium-ion battery cells, digital television converter boxes.

See what I mean....

Voting is useless!

Big Companies, Special Interests Hire Private Congressional Delegations to Lobby Government - OpenSecrets Blog | OpenSecrets

When AT&T goes forth to lobby the U.S. Congress, the company brings its own congressional delegation -- six members in all.

These politicos are no longer elected officials, but close enough: Former Sens. Trent Lott (R-Miss.) and John Breaux (D-La.) represent the telecom giant, as do ex-Reps. J.C. Watts (R-Okla.), Vic Fazio (D-Calif.), Jim Davis (D-Fla.) and Michael Forbes (R-N.Y.).

And AT&T is hardly alone in tasking congressional alumni to do its corporate bidding on Capitol Hill.

In all, 43 different companies, organizations and special interest groups last year employed at least three former congressmen as registered federal lobbyists, a Center for Responsive Politics analysis indicates.

Together, they spent hundreds of millions of dollars last year lobbying the federal government on a spectrum of issues, from the highest of profile -- health care reform, financial regulatory reform -- to the comparatively obscure -- technical taxation matters, lithium-ion battery cells, digital television converter boxes.

Our Jayco 5th wheel

We killed the son of a bitch!.....

Now we have to pay. Believe me a lot of Americans will die for it. I didn't think Oba mama  would be able to do it.

Of course he's Jesus, right?

Anyways, bin Laden is gone. Do you think he was that important to Al-Qaida other than as a figure head? Or maybe as a money bag?

None the less, it's pretty important to get rid of the bastard just for spite! LOL.

Another guy agrees with me....

All those trillions overseas will only come home if big business gets a tax holiday and repatriates the money back.

One way or another, the money will come home!


Wonkbook: The Fed chooses a side - Ezra Klein - The Washington Post

Big business dreams of a year with no taxes, reports Dan Eggen: “As Washington politicians grapple with how to lower the federal deficit, a coalition of powerful corporations has a seemingly tantalizing offer: Give us a big tax break, and we’ll give you $50 billion or more in fresh revenue. More than two dozen major companies and business groups -- including the U.S. Chamber of Commerce and technology giants Apple, Google and Microsoft -- have joined together under the banner of the ‘Win America Campaign’ to push for a one-time tax holiday on overseas profits...The idea is to encourage U.S.-based corporations to bring back, or ‘repatriate,’ up to $1 trillion now stashed in overseas tax havens by sharply reducing standard corporate income tax rates on that money from 35 percent to perhaps 5 percent.”