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Corporations MAY Run For Political Office

Ya gotta love the ONION!

WASHINGTON—breaking news
SCOTUS  - Corporations May Run For Political Office  

In a landmark decision that overturned decades of legal precedent, the U.S. Supreme Court ruled 5-4 Tuesday to remove all restrictions that had previously barred corporations from holding public office. 
"This is an
unfair, ill-advised, and tragic mistake," Sen. John McCain (R-AZ) said before boarding a flight to Arizona in response to primary poll numbers that show him trailing the Phoenix-based company PetSmart by a double-digit margin.
 
"Despite the deep discounts and exciting promotions that they may be able to offer, these huge, soulless entities are not capable of truly serving the American people's—or their pet's—needs."
Corporate attack ads have already begun to hit the airwaves in New York, where a new Pepsi commercial set to a catchy modern remix of Bob Dylan's "The Times They Are A-Changin'" blasts incumbent governor David Paterson as "unrefreshing" and urges New Yorkers to "taste the choice of a new generation this Nov. 2."

 

Tags: humor  
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Deficit crises Palin and Igor Panarin

How did we become deeper in debt today than we were in 1946,
just after World War II.?   The deficit then was easily in excess of 100% of GDP.    

Speed ahead to 2001 when GWB took the reins from Bill Clinton.

Bush was told by the CBO that the government would run an average annual surplus of more than $800 billion a year from 2009 to 2012.
 
That's Right, a Surplus of $800 billion annually from 2009 to 2012!!
 
In 2010, the federal government estimates a $1.6 trillion deficit, based on FY 2009 (GWB) budget.
So, from budget surpluses to gut-grabbing deficits,  worse, with debt owed to a cantankerous ascending superpower. 
 
HOW?  
 
Living in the Eye of the Perfect Storm

 FY 2001 to FY 2008 - the big clumsy decline in budget health due to GWB's      
                               policies of tax cuts and spending increases

FY 2008 to FY 2009 – the financial meltdown, collapsing economy, and hurried 
                               new policies to stave them off. \
 
   We are now in the deepest recession since the 30’s.  
An economy mired down by:
 

o   Bottle-necked and terrified credit markets

o   Historic decline in housing prices,

o   Continuing mortgage defaults

o   Massive job losses and stagnant high unemployment

o   Loss of equity value, probably something like $13 trillion American family wealth, poof!
 
And the country is hoppin’ mad, and angrier as each day rolls out.
 
Some Americans have morphed into a Tea Party, hell-bent on destroying Obama. It’s as though they are determined to return to the 1776 America of their youth, their America!
In this setting Sarah Palin has risen to lead the TP’s to the coming "revolution."  Yikes!

Some other Americans see the Tea Party thing as a mind-boggling cultural phenom
akin to an irrational angry mob set on revenging something that never existed.

Different sides of a potent populist backlash.

Most Americans are somewhere in between, wanting solutions to secure and grow jobs, restore economic function, and maintain strong national security. 

But the machinations in DC are demoralizing, and the politicians “have no clothes” reality is hard to take.

On the brighter side, economists, Auerbach and Gale argue that we may be ina once in a generation
– an ideal time -  
to undertake broad-based reforms.

But what is the “baseline?” 

To create benchmarks to measure effectiveness of fiscal policies,
we have to know the starting point.

Either Obama is acting: 

       A.  Fiscally responsible, relative to the path the country was on,

       B.  Or fiscally reckless relative to current law. 

Ironically, from 2001 to 2008, Bush asked Congress to make his tax cuts permanent.
He was refused every time, even with a Republican Congress when the budget projections suggested future surpluses.  

Why should Obama “own” expiring Bush tax cuts and incorporate their cost and the interest on the costs into an already deficit-ravaged budget?

Big Question Facing Us

Can our government undertake the very delicate balancing act between policies to improve the economic recovery and policies to ensure fiscal solvency over the next decade?  

Then Came Igor Panarin

I was galled to read about Igor Panarin, a Russian intellectual and patriot, who has predicted the U.S. will fall apart in 2010, and says, among other things, "It would be reasonable for Russia to lay claim to Alaska.”

Well Mr. Panarin, in 1946 with deficits 123%of GDP, the US not only recovered, but wowed the free world with its prosperity, innovations and generally positive global muscle.

Americans are a motley crew of tough, independent-minded people. We have problems. We’ve made mistakes. We fight each other like rapid dogs. 

But just tell us that you intend to “take over” Alaska, when we fall apart…and I will hug my Tea Party brothers and sisters, and kick your sorry backside.


 

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Brown vs Coakley

Oh the Massachusetts Mess.

Looks like Brown is positioned to win this election.  
Truth is Coakley has shown herself to be a lousy, uninspired candidate
with a lukewarm ambition to be a senator.

A deeper look into candidate Brown him to be:
....a social libertian, who supported the Mass landmark healthcare reform, 
     -which mandated that Mass citizens buy health insurance
...supports Roe v Wade, calling it the 'law of the land.'
....shares President Obama's view on the gay marriage issue
....is consider to be a libertian insurgent with tenuous ties to Rep HQ's
     i.e. an independent thinker
..supports expansion of renewable energy sources (even once voted for a regional 'cap and trade')
...an advocate for veteran rights, especially access to mental health care.
So, if he does win, 
I'm feeling ok with a libertian-leaning independent-type in the office,
which
will be adding "balance of power.'







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Desparation sets the glee bar very low

As the brutal, job massacred, big banks bail-out recession grinds on,
the Repubs are far enough away from the monstrous dark shadow of amoral capitalism run amok ways,
to be transforming the boot of a very unpopular NJ governor, and win of a military family man to the VA governship, into phoenix rising from the partisan-politic heap. 
 
Has the unrelenting, and accelerated investment in Obama-trashing, finally showing some profits for tea-baggers,
the radio blabber-mouths, the rigidly religious, and Repub power-starved? 
 
Has Sarah Palin, Michael Steele, and the Michelle Bachmann clan finally gained some traction with their
jumbled message of "Oh no!" and demonization of progress for America?
 
I think not! 
That is the wishful thinking way to interpret the big Tuesday election. 
Don't forget, the engineered candidate hand-picked to secure a conservative for the Dede Scozzafava seat, did not win.
 
People are sick to death of:
gutless machine-beholdened politicians,
daily does of the economic jitters, insatiable deficits, and
anemic job creation.
 
When, and if, the president can steer the country away from the perception of, and pocketbook pain of those things, this very low bar standard of glee of VA and NJ guvs, will be a distant footnote.
 
 
 
 
 
 
 
 
 
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LA Dodgers will take it all

Here's something new t briefly debate..
the LA Dodgers will take the World Series in 4 games.

So the rest of you losers fans, prepare for a heartbreak.

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Accolades tossed....rather than shoes,

Poor Meredith, the TH blogger
She just can't fathom why Americans would be proud that the
international organization dedicated to honoring the work of individuals
toward international peace, was awarded to the current American president.

Its understandable that an ideologue like Meredith, a cheerleader
for then leader of neocon thinking, GWB,
still rah rahs drawing lines in the sand all over the world, and
uttering absurdities like, "..Bring em on," and
unilateral "choose offs" like "...You're either with us or agin' us."

The folly of playground diplomacy in the complex and dangerous
world we live in, escapes her.

That President Obama in a period of months has engaged the
many nations who share the real risk from insane and violent terrorists groups,
as well as creating a united front in calling out Iran on its dangerous misdeeds,
 has not gone unrecognized on the world stage.

The international community still looks to the US for moral leadership,
and following the years of "wild six shooter-toting cowboy antics"
Obama appears as the no nonsense new sheriff.who has the wit and cool
to lead a willing international posse in corralling the "bad guys."






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Moore vs. Hannity - Great TV

Sean Hannity,  will interview filmmaker Michael Moore, tonite
Tuesday, 10/6/09
 
Sean will be sorry..it'll be a 3rd round KO.
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What would your president do?

 BETWEEN 2000- 2009,
THE U.S. SAW SOME OF THE BIGGEST CORPORATIONS FALL   
 INTO BANKRUPTCIES
EVER.
               
2001
 
1. Pacific Gas & Electric Co
2. Enron- stock holders “took it in shorts” for $11 billion.
 
                                                                                                    2002
3. Global Crossing Ltd.- – leaving $14.6 billion, in unpaid liabilities 
4. Adelphia Communications- - $2.3 billion in debt hidden from investors
5. WorldCom- - the second largest bankruptcy in historyWiped out by an accounting scandal. 
6. Tyco International Ltd.- CEO and CFO, were charged with more than 30 counts related 
                                            to the theft of $600 million  from the  company  in 2004. 
7. US Airways- - filed for bankruptcy   2 times in 2 years
8. Conseco- - known for its generous spending. Posted a $6.5 billion debt load, 
                         associated with high-flying acquisitions  made during  the 1990’s.
 
 
                                                                                  2004
 
9. Trump Entertainment Resorts- Trumpomania  
 
                                                                                  2005
 
10. Delta Airlines - Delta was in $20.5 billion debt at the time of filing  
11. Northwest Airlines - 
12. Delphi- Spun off from GM, the largest auto parts company.  
                    Bailed on debts totaling $22.17 
billion. 
A day before the filing,
                    Delphi beefed up severance packages for 21 top 
executives, citing a need to make
                     them more competitive.
13. Refco –filed for bankruptcy three months after going public  
Refco’s CEO and chairman,
                     Phillip Bennett hid over $430 million in bad debt., a total  debt of $16.8 billion.
 
                                                                                  2008
14. Washington Mutual Inc Bad Loans…
15. SemGroup - $7.5 billion in bad debt
16. Lehman Brothers- the biggest and most complex bankruptcy case in history
18. Tribune Group-  CEO Sam Zell built a complicated deal to take over Tribune Co.
                                      putting little of his own money at risk.
 
19. General Growth Properties, Inc - 27 billion in debt , a big hunk of debt stemmed from the 
                                                                    2004 strategic acquisitions
                  
                                                                                         JANUARY 2009
The newly elected President assumed office...
 It didn’t take uncommon insight to realize that a multi-year era of transition in the US and global economy, 
 and markets was underway.

Critical decisions had to be made in guiding an American economy in turmoil. 

The US was still entrenched in the 8th year of two unconventional wars...
with the ongoing threat of violence from amorphous and migratory groups of deadly terrorists. 
 
Domestic affairs in the US were dire, with the economy tightly squeezed by
the most serious recession since the 1930's.

American consumers were reeling from an economic tsunami which had devastated much individual wealth. 

Real estate values were sinking, the stock market had cratered, decimating 401K's
Banks were failing.
American companies, large, medium and small, had gone, and were going belly up
 
Starting in December of 2007 some 6 million jobs had ‘vaporized’ and
ongoing
job losses persisted at a clip of 500,000/mo, causing many people to lose health insurance.
 
ADVISE the NEW PRESIDENT: 
  • Could/Should the Feds intervene to stabilize and defrost a frozen credit markets, choking the credi
    needs of business and people? 
  • Could/Should the Feds do something to stem the hemorrhage of jobs?
  • Could/Should the Feds take steps to kick-start a return to job creation and economic growth?
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Bush Interior Secretary Faces Corruption Probe

Friday, September 18, 2009

WASHINGTON -- The U.S. Justice Department has launched an investigation into whether former Interior Secretary Gale Norton illegally used her position to steer lucrative oil leases to Royal Dutch Shell PLC, the company she now works for, officials with both departments confirmed to The Associated Press.

The criminal investigation is focused on a 2006 decision by the Interior Department to award three oil shale leases on federal land in Colorado to a Shell subsidiary. Oil from the leases eventually could earn the company hundreds of billions of dollars.

Investigators are looking into whether Norton, whom former President George W. Bush named to run the agency in 2001, violated a law that bars federal employees from discussing employment with a company if they are involved in a decision that could benefit that firm. Months after granting Shell the leases, Norton left the agency. Shell later that year hired her as an in-house counsel for its unconventional fuels division, which includes oil shale.

Justice Department and Interior investigators also are trying to determine whether Norton violated a broader federal "denial of honest services" law. Under the statute, government officials can be prosecuted for violating the public trust by directing government business to favored firms.

Norton could not be reached immediately for comment.

"We are aware of an investigation; however, we are not in a position to comment," said Kelly op de Weegh, a Shell spokeswoman.

The Interior Department's Office of Inspector General began the investigation toward the end of Bush's last term, after receiving complaints about the lease process. The IG's office made a formal referral to the Justice Department this year after concluding there was probable cause for a criminal violation.

The officials spoke to the AP on the condition of anonymity because they were not authorized to discuss the case. The investigation was first reported by The Los Angeles Times.

Norton, 55, is the first Bush Cabinet official to be investigated for political corruption.

Prior to becoming Bush's first Interior secretary, Norton was Colorado's attorney general and had worked as a private lawyer for timber, oil and mining companies. At Interior, she supported expanded oil and gas drilling on government-owned land.

The development of oil shale largely in the West was one of the technologies that the Bush administration wanted to explore aggressively. In response to a recommendation by then-Vice President Diiick Cheney's energy task force, the Interior's Bureau of Land Management issued six demonstration leases in Colorado and Utah.

Shell was the only company to receive more than one lease.

http://www.foxnews.com/politics/2009/09/18/bush-interior-secretary-faces-corruption-probe/
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Die quickly!

You got to love freshman congressman, Alan Grayson,
who summarized the Repub non-plans in refoming health care problems...as follows,
"Don't get sick..., but if you do....die quickly!"    Sadly, funny.
 
Apparently some repubs took (faked) great umbrage with Grayson and demanded apologies, 
for saying anything so mean!  
How dare he? 

After listening to repub Eric Cantor tell some poor lady last week at a healthcare forum,  "to seek charity care...."
as a solution to being sick and uninsured, after a job lay off, Grayson was eerily accurate.  repub-up-and-coming protegy Cantor wasn't kidding, or being tongue-in-cheek. 
That was his solution! 
Yikes!
 
All the feigned indignation in the world will not hide the fact the repubs don't want to upset the teetering status quo.
 
They have used up their 007 box of trickeries when threatening "death panels," "government takeover," "all the doctors quitting' "never getting medical care again,"  on and on and on, ad (treatable) nauseum.
 
But the public, and legitimate representatives of the majority of practicing physicians are steadfast in expressing preference for a public option, like buying into Medicare)  as a part of the reforms needed.

Even ~47% registered Repubs are in favor.....
 
 
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Eric Cantor sums up Republican Reforms

Rep. Eric Cantor of Virginia, didn't hold any, or go to any townhall meetings, in August. 
When congress returned after the August townhall circuses,  Cantor elbowed his way to the camera lights, and reporters to tell the nation, “Our members are back in town after having been at home with the people they represent over the month of August.
I think it’s very clear that the members of the Republican conference feel strongly that the public has awakened, and the wind is at our back primarily because of the fierce debate over the President’s health care plan."
 
A few days ago, he did show up at a health care forum held by the local paper.  Lots of voters stood in line to ask questions.
One lady described her 40-something sister, who owned her home, but had recently lost a good job, and of course, her healthcare insurance. 
In the mean time, she developed a stomach tumor, and needed surgery to stage the disease.
What could she do?
 
Cantor responded by suggesting her relative should seek “existing government programs.” 
She did not qualify, because of her house.
 
Cantor then summed up the Republican bottom line position by advising,
"...Beyond that, I know that there are programs, there are charitable organizations,
there are hospitals here who do provide charity care if there’s an instance of indigency and the individual is not eligible for existing programs that there can be some cooperative effort.
No one in this country, given who we are, should be sitting without an option to be addressed."
 
Why congressman Cantor, I couldn't agree more. But sending millions of sick people to find a charity as insurance, is not a reform plan! 
But it does sum up Republican interest in, and approach to, Americans and healthcare access.
 
 
 
 
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Investigate Oral Roberts University

Twenty years ago, televangelist Oral Roberts  was reading a spy novel when
God appeared to him and told him to raise $8 million for Roberts' university, or else he would be "called home." He did.

The school got caught sinning and pretty much folded. 
The usual, Money, power, and sex.

Mrs. Roberts —who was a member of the board of regents and was referred to as ORU's "first lady" on the university's Web site
frequently had cell-phone bills of more than $800 per month, with hundreds of text messages sent between 1 a.m. to 3 a.m. to "underage males who had been provided phones at university expense."

The government looks into this

Sen. Charles Grassley requested that six ministries turn over certain financial records because he thinks said books may have been cooked.
3 of the televangelists heading these ministries are members of the Board of Regents at Oral Roberts University, a sleepover camp for Jesus that’s
Grassley is investigating whether these six ministers Paula White, Joyce Meyer, Creflo Dollar, Eddie Long, Kenneth Copeland and Benny Hinn are using their churches’ tax-exempt statuses to shield all the money they’ve spent on blow and iPhones. Dollar, Copeland and Hinn all sit on the Board of Regents at ORU, where they allegedly use Jesus funds to hire pederast janitors.

New school leaders, including billionaire Oklahoma City businessman Mart Green  heir to the Hobby Lobby craft supply store fortune —made the announcement during a student chapel service on campus. Green helped rescue the school two years ago with a $70 million donation.

Despite the new outlook, ORU still faces lawsuits from the days of the old regime: from a husband and wife faculty team, the former chief accountant, and two students who argue that their degrees will have diminished value because of the financial scandal.
All have hired Gary L. Richardson, a Tulsa attorney who filed multiple lawsuits against televangelist Robert Tilton in the 1990s.

Part of the problem in the past has been an alleged intermingling of funds and contributors from ORU and the Oral Roberts Evangelistic Association (OREA), the legacy organization that has carried on the ministry of Oral and Richard Roberts.

As the school moves away from its televangelist roots, can it remain true to its Pentecostal identity? Can it overcome what former provost Mark Lewandoski publicly called a "culture of fear," a reference to faculty and staff anxieties about bringing up problems to the administration?

I say we set up a congressional watchdog committee to monitor their every transaction.

http://watchingthewatchers.org/news/1314/oral-roberts-university-next
http://wonkette.com/319638/oral-roberts-regents-in-non-sex- scandal/
http://www.usatoday.com/news/nation/2007-10-05-oral-roberts-univ_N.htm
http://en.wikipedia.org/wiki/Oral_Roberts_University
http://en.wikipedia.org/wiki/Oral_Roberts_University
http://www.correntewire.com/christianist_oral_roberts_u_engulfed_in_scandal_with_hundreds_of_texts_from_roberts_first_lady_to_underage_males
http://www.christianitytoday.com/ct/2008/september/8.76.html
http://www.wtxl.com/Global/story.asp?S=11183102


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Hanging Fed census workers

ABC news reports that: 

A U.S. Census worker has been found, hanged to death, in Clay County.

The The FBI is investigating whether the death was caused by anti-government sentiment.

The word "FED" was found scrawled across the man's chest.

The victim is 51-year-old Bill Sparkman, a teacher and part-time Census field worker.

He was found September 12th, though the story was just coming to light almost two weeks later.

Granted the FBI and local authorities aren't saying much yet.....

But all the talk of "revolution" against our current government is increasingly seeming very creepy.

The Census Bureau has suspended door-to-door surveys in rural Clay County.

Tags: Feds   Politics  
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Saving our Superpower

Its been a heck of a ride being the world’s sole super power.

The big dog leading the pack of international systems with the ability to influence world events,
further our own interests and project a mighty force on a worldwide scale to protect those interests.

The irony of the GWB/DC administration time in office, is the ferocious power of unintended consequences.
Launching wars with a stunning lack of political strategy, lack of insight as to the diverse cultures of the invaded,
and delusional about the ease of installing an American-style government in lands of tribal feuding as old as the written word.

All the while bubbling just beneath the surface of the free market, "ownership society," an unfettered capitalism run amok explodes in our faces. To stave off total collapse, and financial armegeddon, the behemoth financial conglomerates that “are too big to fail,” and need all the capital the country can print.

Wounded by overreach, rigid failed neocon ideology, and plain idiocy, the US has been led to the crossroads of the path forged by the ancient giants like Egypt, Greece, the Roman empire, the Persian Empire, the Ottoman Empire, the kingdom, republic, and empires of France, the Dutch, and the British Empire.

In poker parlance, Obama inherited the “dead man’s hand.” Only time will tell if he escapes that same fate.



Tags: Politics  
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New Economics

I'm no economist.  But having been challenged to write on my economic theory, I dusted off the stand-by theories everyone learns in ECON 101..so I could try to articulate my own thoughts.

Economic theories by there very nature, are constantly changing, as their purpose is to put a foundation in place to benefit  the lives of the people. .

Greenspan and GWB panicked after 9/11, and created the biggest pool of liquidity the world had ever seen.
Greenspan's Federal Reserve brought rates down to 1% and left them there for more than a year.
This led to the US government going from a surplus of $250 billion left in the Clinton years
 to a deficit of around $350 billion. This was the biggest burst of fiscal and
monetary stimulation the world had ever seen.
The American consumer was making more on his house than he was making from his job.
And he was spending like crazy.
 It was free money.
Of course the market for housing collapsed between 2006 and 2007.
Quickly, $800 billion moved out from the spending economy.
The US economy is 71% consumer economy.
So, in the end, the consumer did not have any money.
Meanwhile as the financial industry was ruining itself it was also ruining the whole US economy.

 ECONOMIC THEORY MEETS the THE GREAT RECESSION

Keynesianism says spend more money in the public sector,
 Friedman says make money more easily available through lower interest rates.

Keynes' theory is to save in good times, to spend in bad times. But Americans never do that.
Friedman's theory is to keep cutting interest rates, but you can't cut interest rates below zero.
We are nearly there.

What of "Trickle Down" Economics?

In the past decade which encompassed George Bush’s two massive tax cuts,
 we have seen a massive, secular decline in the creation of private sector jobs.
The whole experiment in handing over money to the wealthiest people in America so they could use it to benefit the rest of us....ho-hum, a 3.7% decline in overall manufacturing jobs in the United States.
For the first time since the Depression, the American economy added virtually no jobs in the private sector over a 10-year period. Remember The Laffer curve? In the run up to the "great recession" of 2008 and 2009, Laffer dismissed the then-minority view that the sub-prime mortgage crisis was a precursor to a major market correction. This supply sider veteran of the Reagan WH predicted that the economy would continue to expand unabated by the growing credit crisis.

We Need a New Economic Theory.

A new economic recovery and growth program, 'economic theory,'
  This necessitates that we find a new big source of economic growth that can replace personal consumption as the main driver of economic growth in the short term and that over the medium term can lead to higher wages and incomes to support increased household consumption.

The Case for Massive Infrastructure Investment

The American Society of Civil Engineers estimates that we need to spend $1.6 trillion over the next five years to bring our basic infrastructure up to world standards, not to mention areas of infrastructure, like broadband access and new energy infrastructure for wind, solar, and clean coal.
 The U.S. Department of Transportation estimates that for every $1 billion invested in federal highways more than $6.2 billion in economic activity would be generated.
One of Moody’s best economists estimates that $150 billion in infrastructure spending would generate a nearly $240 billion increase (or close to a 2 percent increase) in GDP in the first year.
Expanded public infrastructure investment in the United States and the transition to intensive, energy-efficient growth in emerging economies will greatly increase the demand for American-made technology,

Any economic recovery theory must go beyond conventional thinking and harness the American economy to the new growth drivers of public infrastructure investment and rising demand for efficiency-enhancing technology.
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