All I do is stay focused looking straight forward at the world, and beyond. I feel people pulling me down, I feel some pulling me up I can't get stuck. I just keep moving forward, I have places to go.
Monday, March 22, 2010
60 minutes Rahm Emanuel
Tuesday, October 14, 2008
FREE MONEY FREE FRAUD Greg Easterbrook
Of Course They Vote for More Subsidies, They Themselves Are Subsidized
In the spring, as a dozen Democratic and Republican officeholders were crisscrossing the country campaigning for presidential nominations yet still receiving taxpayer money for jobs they were making no pretense of performing, TMQ declared there should be a federal resign-to-run law. Several states now have resign-to-run laws: They prevent officeholders from taking tax-funded salaries while not doing their jobs. Why is it assumed that saying the words, "I am running for president" makes it OK for a senator to pull in $200,000 or so per year in pay and benefits, yet perform no duties? If you told your employer you would not perform your duties for a year because you were running for president, yet still expected full pay, your employer would say two words that are not "Merry Christmas." Now we're down to four White House-seeking freeloaders, and both parties look bad. All three senators are billing the federal taxpayer to self-promote around the clock; the governor is billing her state's taxpayers to self-promote around the clock. Either presidential candidates should be required to resign to run, or at least anyone who declares for the presidency or vice presidency should have his or her public salaries and benefits suspended.[ESPN Oct, 7, 2008]
What, No Subsidies for Rum-Soaked Wool?
"SENATE ADDS SWEETNERS TO BAILOUT BILL was a standard headline last week. Oh, so
it's not enough to give away $700 billion of taxpayers' money, we've got to add sweeteners! Special-interest groups across the spectrum tacked wish-list items onto the bailout bill, which also passed the House and became law with George W. Bush's signature. Some $100 billion in business and upper-middle-class tax breaks were added, along with tax favors or direct subsidies for solar power, wool marketing, subway maintenance, Puerto Rican rum sales, "motorsports racing track" facilities, and investing in the District of Columbia (already among the most heavily subsidized place on Earth; Alaska, which consistently ranks first or second in federal spending per capita, may be the most subsidized -- scan down to "Alaska" in this study), tax breaks for farmers, eligibility of foreign banks for U.S. bailouts, tax favors for people who won money from the Exxon Valdez lawsuit, subsidies for "certain wooden arrows used by children" -- the list goes on. Scan the bill for the word "wool," for example. It's the noise of the lambs! What started as a $700 billion bailout could easily cost taxpayers $850 billion, and every penny of it borrowed from our children.
Three points need to be made about the bailout legislation. First, conservatives in the House torpedoed the initial bill, calling it too expensive at $700 billion, then voted for the second version, bloated to $850 billion. Now there's a profile in courage! Second, the bill was originally three pages -- and grew to 451 pages as enacted, as giveaway after giveaway was tacked on. The United States Constitution and all amendments is about 20 pages; it takes 451 pages to legislate a bank recovery payment? Super-long legislation is both inherently too complex and litigation-prone -- last year's Warner-Lieberman greenhouse gas regulation bill, which almost passed the Senate, was 491 pages -- and invites giveaways. In a brief, straightforward bill, a tacked-on special-interest favor stands out and looks embarrassing to the sponsor. In a gigantic laundry-list bill with hundreds of pages of special favors, none stand out. Everybody else's constituent is getting a handout, where's mine? Proposal: Congressional legislation should be limited to the word length of the United States Constitution. If Congress can't say something in fewer words than the Framers required to found the country, then Congress shouldn't say anything.
Third, why do members of the national legislature give away your money as fast as it can be borrowed? Because they want campaign donations. Polls show Americans don't like the idea of public funding for House and Senate elections, because it seems like a giveaway. But the public already funds congressional elections, just in an incredibly overpriced, inefficient way. Members of the House and Senate give away billions of dollars in subsidies and tax breaks to special-interest groups, in order to get back thousands of dollars in campaign donations. The $150 billion or so in sweetheart handouts in the bailout legislation will probably result in several million additional dollars given to House and Senate members as campaign donations. It would be far, far cheaper for taxpayers just to fund congressional campaigns! Suppose the public funded each House race at $1 million (435 races every second year) split between the parties, and each Senate race at $5 million split (roughly 34 races every second year), then banned campaign contributions. (Skip whether the Supreme Court would allow the latter, this is a thought experiment.) The cost would be about $600 million every second year, when there are national elections. That's peanuts compared to the amounts House and Senate incumbents give away to PAC-backed lobbies in order to inspire campaign donations. Federal financing of House and Senate races would save the public tens, if not hundreds, of billions of dollars. "
[ESPN, Greg Easterbrook, Oct, 7]
Thursday, October 9, 2008
Pot meet Kettle
"China on Thursday rejected concerns that it would torture Chinese Muslims held by the U.S. military at Guantanamo Bay if they are returned to China, saying they will be dealt with according to the law.China has called on the U.S. to repatriate 17 Chinese Muslim detainees who were to have been released this week, saying they are terrorists and should be brought to justice, Foreign Ministry spokesman Qin Gang told a news conference.
President Bush's administration is trying to find a country to accept the group and has said the detainees might be tortured if they are turned over to China.On Wednesday, the U.S. Court of Appeals for the D.C. Circuit said it would postpone release of the detainees for at least another week due to objections by the Bush administration."
What! Now the administration is worried about torture, of enemy combatants. Pot meet Kettle, kettle meet Pot.
Friday, October 3, 2008
Dumbo's and Asses
This Bailout or RESCUE of the American economy is clearly an example of taxation without representation. It is just not morally wrong but it is goes against one of Americas’ most deeply held ideals. What are the people going to receiving in exchange for the 700 billion dollar tax leveled against the people? We are not receiving anything else more that what has already been budgeted for, though large corporations are receiving money in exchange for debt. The same companies that once back on their feet will profit off of the American people while the future generations of this country pay for the debt Wall Street accumulated. It is not a question if or how they accumulated the debt, it is merely a question of why? And the answer to that question is greed. It was not enough to make a good profit, companies wanted insane profits. One way of accomplishing that is to continually sale debt along with tangible assets for money. As companies continue to due this they are able to tell their investors that though they have sold assets they have also unloaded debt and convinced another person to pay for the debt along with the assets. That is alright due to the fact that I can insure this debt to make sure if it starts devaluing more I can write it off and get real money back from the insurance company. As this process continued the last 12 years in the economy insurance companies continued to take a loss until they stopped insuring wall street debt, and wall street decided to start hiding their debts within their overpaid for assets. The companies that were profitable when insurance was paying out claims were merely manipulating the system and got caught up in their own deception and are looking for a free pass from taking responsibility. The threat that there is no money is preposterous, has anyone looked at JP Morgan’s price lately its down only $0.28 cents from its 52 week high and up $20.48 from a 5 year low. Look it up here is the stock price. So it is clear that the money exists in the market it is only in the hands of a few and they won’t release it unless the American people buy 700 billion dollars in debt and wooden arrows. That is not capitalism that is a monopoly when one institution the Fed can control the market. No, the Fed is not a government institution. It is a private company made up of the biggest banks. Here is the address if you want to go see yourself:
33 Liberty Street
New York, NY 10045
United States
Founded in 1913
Phone:
212-720-5000
Fax:
212-720-7459
www.ny.frb.org
That’s ORG not GOV.
For the politicians’ to merely make this economic crisis, red and blue talking points is dumb and counterproductive. At least when it comes to identifying the problem that caused this crisis, fixing the identified problem and truly rescuing our economy. Now all of them are using this crisis for vote, either to say see I finally listened to what you had to say. See I stopped the bleeding and saved you from us. They are all responsible for the present state of the economy, Republicans and Democrats. Let us not forget at one time in the last decade our government had a 1.4 trillion dollar surplus. Now they say we lost 1 trillion in a day and it’s the fault of the politicians who voted against this ridiculous bill. It’s Dumbo and Ass politics that got us into this problem, and it is going to take common sense to get us out of this problem. It is apparent that they need to listen to the people instead of trying to line their pockets with the money of the people. Stop this Bailout, Stop this Politicking and Save the American People.
Tuesday, April 29, 2008
Premier BUSH
“If there was a magic wand to wave, I’d be waving it, of course,” he told reporters at a Rose Garden news conference called on short notice. “But there is no magic wand to wave right now. It took us a while to get to this fix.”(MSNBC)
George Bush
This is the pinnacle of Executive branch arrogance, not once in this entire speech did President Semi-elect George Walker Bush. It is the congresses fault since they have encouraged war in Iraq to track Bin Laden, or was that sadam who knocked down the World Trade Center. You seem to have all these ideas, that encourage tax cuts. How do tax cuts pay for a multi-trillion dollar war? Not one analyst could explain that simple concept to me. But going into additional debt as a county is the answer in $600 tax refunds. It sounds like a lot now, but it isn't when consumers calculate their lost value during this administration. Housing values have plummeted alot more than $6.00, the price of gas has increased from about $1.34 to damn near $4.00 in less than 8 years. That $600 dollars is not nearly enough to compensate every citizen who footed the bill for the American elite tax cuts and the disastrous effects it along with a war with no direction has cost our country. Our grandchildren will be looking in the history book wondering how this could possibly happen to a nation of sensible people.
Link:
Pace of foreclosures more than doubles from same quarter in 2007
Housing prices drop at fastest pace ever: Standard & Poor’s/Case-Shiller index off 12.7 percent in Feb.
$600 dollars does not cover a 12.7 percent drop, much less in one month. Sheesh wake up people, pull the wool off of your eyes.
Tuesday, March 18, 2008
Jim Cramer is not Crazy smart, just CRAZY!!!!!!
Just a couple weeks ago, the investment banking company was worth $62.69 per share - $100.00 per share for their stock holders. The next couple days would become a pattern the American public is growing to comfortable in seeing. This story has all the makings of a hit movie with lies and deceit and broken lives. Once again the victims are all the hardworking American families just looking for that sure bet. Or a gamble on the advice of you favorite television personality. On February 20th 2008 Bear Stearns Chairman James Cayne declared that he owned 4.79 percent of Bear Stearns in the form(reuters) of 7.01 million shares the equivalent at the time a share was worth about $95 per share. That would be $665,950,000.
Just a day before (2/19) Chairman went bragging about the size of wallet, Bear Stearns Equity group purchased an Australian base investment firm called Macquarie Private for $116,000,000 cash (The Age.au)
On March 10th the president of Bear Stearns advised stockholders that it was such a strong stock.
"Bear Stearns (NYSE:BSC) Cos. late Monday issued a statement denying 'market rumors' about the firm's liquidity.
The New York-based financial services firm said 'there is absolutely no truth to the rumors of liquidity problems that circulated today in the market.'
'Bear Stearns' balance sheet, liquidity and capital remain strong,' said Alan Schwartz, president and chief executive.
The company's shares closed at $62.50, down 11%."(CNN Money)
On March 11 the genius that is Jim Cramer had some answers for JIM
Dear Jim: Should I be worried about Bear Stearns
Bear Stearns Co Inc BSC 4.81 -25.19 -83.97% NYSE
[BSC 4.81 -25.19 (-83.97%) ] in terms of liquidity and get my money out of there? --Peter
Cramer says: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”(CNBC Jim Cramer)
On one note, he was right, they were taken over. At 2.00 dollars a share by JP Morgan.
No worries though, how was Cramer supposed to know, its not like the SEC (Not the Football conference) thought anything was wrong. They let Bear Stearns accumulate more debt just a day later.
"On March 12 Bear Stearns purchased 15% the Canadian based securities company Tembec at $15.04."(North Bay Nugget)
That is $225,600,000. They can't be broke, is anyone monitoring these imaginary exchange of money that doesn't exist.
On Friday Bear Sterns admitted that they lied this whole time and need a lot of money, a lot of money, 15 billion dollars worth. That is 9 zeros after the 15, to bail out their board, and screw their investors. Forbes.com reports
BAILOUT: JPMorgan Chase will lend Bear Stearns money for 28 days, with a backup guarantee from the Federal Reserve Bank of New York. No one has disclosed how large the financing is.
NO CASH: Bear Stearns (nyse: BSC - news - people ) says it ran into problems within 24 hours amid a spike in demand from people trying to get their cash out of the firm. Earlier in the week Bear denied rampant market speculation that it had cash problems.
PLUNGING VALUE: As of midday Friday, Bear Stearns had lost more than $5 billion in market value and was trading at its lowest point in nine and a half years. The company said it hired Lazard (nyse: LAZ - news - people ) to help it explore alternatives.(Forbes.com)
I guess the Federal Reserve felt bad with their assumed made up power that Bear Stearns should get 100% help vs the million of consumers with bad credit should get $600 to help cushion the value homeowners lost in the preceding months. Mind you that this super loan helps the Bear Stearns chairman recover his 600,000,000 million lost since his stock is no longer worth $665,950,000 but a meager $14,020,000. Why doesn't the Fed help consumers, o yeah because their not rich(Bunch of Suckers!).
In Three days the headlines changed from:
Bear Stearns to Launch First Actively Managed ETF. March 10 sounds promising
Is Bear Stearns Doomed? March 13 Nooooooooooooooooooo!Bear Stearns Calls for Bailout March 14 "Really why would they lie to me this whole time"Bear Stearns Calls for Bailout March 14
:( boo fed reserve, get rid of the fed reserve or get really really rich.
If you still feel like listening to the stream of garbage that comes out of the presidents mouth, you can listen to his speech at the New York Economic club. Bush thinks that more tax cuts to rich people is the answer. How do we get out of debt by creating more, war, tax cuts, corporate bailouts? Pisssssssh its not possible, we are going to be broke for a long time.
The Economic Envy of the world, you champion the free market and yet you don't believe in it?
This ain't the first time, your track record is looking a lot worst then i remember. How can anyone vote for someone who wants to continue this economic policy. The only reason our economy bounced back, is because we have been using credit to buy everything since the start of your Rule. Just watch the first 5 minutes and you will understand what I am talking about. Stop pissing on me and calling it rain. that is all this speech is.
part 2,blah blah blah blah
Here is a logical assessment I found on the internet.
Wednesday, December 19, 2007
Airlines and KGB
The airline industry is about the only industry outside of the petroleum industry that has free range to do what they want. The difference between the airline and petroleum industry, is one sells a service while the other sells a product. Though they are both subsidised by the people of this great county. After my second delay in DFW airport I was a little bit frustrated with the service. The attitude of the airline industry is that they are doing you, the customer a favor by letting you fly the unfriendly skys. Ignoring the fact the we the customers paid to fly and that our tax dollars continue to keep miss manged companies like United Airlines, Delta Airlines, and American Airlines in business. How do they thank their customers and citizens of the United States of America? They lower service expectations, increase delays and raise their prices and give their executives a 70 million dollars in bonuses while they ask their employees to take a total of 1.6 billion dollar in pay cuts.(USA Today 2006) It is no wonder why planes are always late and delayed, their employees are pissed off. When a person normally buys a service and a company fucks up, the customer gets some type of compensation.
Think delivery services, food, package, and taxis. If you order food there is a reasonable expectation that it will be delivered within an hour, or the company will discount your order, since it is there mistake. If a customer request next day delivery from UPS, FedEx, or DHL a customer expects it to be delivered within 24 hours. If it takes 2 days for it to be delivered they will discount the cost, because they fucked up. Taxis will take the long way to a destination and pass on the cost of their mischiefs to their customer. The same way the airlines do to their customers, congratulations American Airlines, you run your company like Yellow Cab Taxi Company. Its nice that the airline provides free drinks to their customers, as they charge them 3 dollars for a bag of Lays potato chips, 5 dollars for freeze dried fruit mix, and 5 dollars for beer. The beer is a good deal, it cost more at a ballpark. You can't even provide peanuts to anyone, I hate those things but it was the thought that counts. My ticket cost 100 dollars plus for each leg, of a trip. Owell necessary evil, can't live with them, hope they go out of business. Screw You American Airlines.
The Airline industry wanted to show people just how much they cared so the Airline Industry Seeks To Block NY's Passenger Bill Of Rights
"A federal judge is hearing arguments challenging New York's law requiring airlines to give passengers food, water, clean toilets and fresh air when they're delayed on planes for more than three hours...The Air Transport Association wants to stop the law from taking effect on Jan. 1, arguing that states aren't allowed to regulate airlines, which are overseen by the federal government." WNBC
Brilliant, lets argue that a state has no right to protect their citizens from the airline industry because of constitutionality.
Man uses his Obesity to retain custody of his adoptive child and get free surgery. Houston Chronicle
A man who gained national media attention by claiming he was not allowed to adopt a baby because of his weight was awarded temporary custody of the child, but the judge chided him and his wife, saying they knew the primary reason the boy had been removed from their home had nothing to do with obesity. Gary and Cindy Stocklaufer had violated adoption law when they failed to obtain some required paperwork when the baby was moved into Missouri from another state, Jackson County Circuit Judge John R. O'Malley said in his order, which he made public Tuesday. After their petition to adopt the baby, Max, was denied in July by another judge, the couple publicly said it had been because Gary Stocklaufer weighed 550 pounds at the time. The 35-year-old underwent gastric bypass surgery for free from a Dallas clinic in August after the publicity and has lost about 200 pounds. "He seeks to extort a favorable result by his
accusations," O'Malley said. "Fortunately, Missouri courts base decisions on the weight of the evidence, not the weight of the litigants."
All I can say is Kudos, not only did he get to keep his kid he got free surgery. The judges statement is classic though, way to get in that punch. He was huge 550 that is out of control.
Gravity switched off due to '"Essential maintenance work"newsbiscuit.com
Malaysia doesn't believe in human rights, but has DVD sniffing dogs thanks to the MPAA (A.P 2007)
Malaysia will get two new sniffer dogs to unearth pirated DVDs after the resounding success of their predecessors, Lucky and Flo, earlier this year, an official said Wednesday...During their six-month stint in Malaysia, Lucky and Flo helped find 1.6 million pirated DVDs and other optical discs and equipment, worth $6 million. The dogs were also deployed in the Philippines briefly before returning to the U.S.
Who is 55, and ex-KGB? The Times man of the year.
Ex-Hyundai CEO Elected President in S. Korea (A.P. 2007)
A former Hyundai CEO known as "The Bulldozer" for his determination to get things done rolled over all opposition and financial fraud allegations to win South Korea's presidency Wednesday, ending a decade of liberal rule...Lee Myung-bak pledged to work for a nuclear-free Korean peninsula and strengthen Seoul's alliance with the United States...It was the biggest margin of victory in any South Korean presidential election. The candidate with the most votes wins and there are no run-offs. Turnout was a record low 63 percent of 37.7 million eligible voters...Just days before the election, parliament approved an independent counsel investigation into allegations that Lee manipulated stock. The investigation is to be completed before the Feb. 25 inauguration, and Lee has said he will step down if found at fault...Lee emphasized the economy in his campaign with a "747" pledge — promising to raise annual growth to 7 percent, double the country's per capita income to $40,000 and lift South Korea to among the world's top seven economies. He also proposed a "Grand Canal" linking Seoul to the southern port city of Busan that would improve transport and be a tourist attraction.