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Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Tuesday, April 5, 2011
Dennys: News Politics Comedy Science Arts & Food: Obama: Unemployed, Middle Class, Poor: Hey, Stupid, Watch Your Finances, Political Cartoons
Dennys: News Politics Comedy Science Arts & Food: Obama: Unemployed, Middle Class, Poor: Hey, Stupid, Watch Your Finances, Political Cartoons: "To add insult to economic injury, completely tone deaf politically, President Obama Declares April Financial Literacy Month. After just announcing his reelection campaign now he is urging Americans to learn more about their personal finances. You have got to be kidding me. How insensitive and downright stupid is this statement? Where have you been the past three years since the economy shed millions of jobs?
Obama: Do you even read - or better yet re-read - your own speeches over the course of a year? Or do you just parrot the words off the page or teleprompter without giving it much thought later. Like Bush, you appear to be sleepwalking through this presidency, dancing to the tune of political handlers and Big Business."
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The Social Poets: The Lurching American Economy, Political Cartoons
The Social Poets: The Lurching American Economy, Political Cartoons: "The world economy is a mess and about to get messier with Japan in distress from their latest earthquake, tsunami, nuclear disaster trifecta. Well, the good news is that we are all in the same boat, trying to swim the same polluted economic waters. It would help if our governments gave us accurate numbers and quit massaging them to please the financial markets.
The unemployment here in America is supposed to be at 8.8 percent. What a joke. There are millions of people who gave up looking. Those known as The 99ers, whose unemployment benefits ended after 99 weeks, have been unemployed for years now. Even President Obama says there are hundreds of thousands of people who will never get a job again. What kind of statement is that from a president? Not everyone deserves a job in this country?"
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Thursday, March 10, 2011
The Social Poets: Funny But True: Exorcist Chasing Demons Out of Big Bank Chase
The Social Poets: Funny But True: Exorcist Chasing Demons Out of Big Bank Chase: "We are all outraged at the greed of America's Big Banks. Feel helpless? Feel vulnerable? No worries. Your local exorcists are here to save the day."
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Tuesday, March 8, 2011
The Social Poets: America Is NOT Broke Wisconsin Speech: Activist Michael Moore
The Social Poets: America Is NOT Broke Wisconsin Speech: Activist Michael Moore: "Moore spoke at a rally against Gov. Walker's decision to deny collective bargaining rights to the teachers he has decided to fire. First the public workers lose their rights, then the rest of us across the country watch our wages drop like a rock to ten cents an hour like in a third world country."
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Friday, February 25, 2011
Libya: Update and 25 Libya Uprising Cartoons
From Denny: Finally, President Obama announces sanctions on Libya again. This Libyan dictator spent decades in sanctions limbo only to get thrown back into sanctions prison yet again. This guy should have been overthrown a long time ago.
Obama says he is freezing Libyan nationals' financial assets and there are economic sanctions to be put in place as well. He has not said what the specifics are to be exactly, as yet undetermined pending review of what will work best. Read that as he and his staff don't know and will be running around asking all the so-called experts what to do.
So far Obama has phoned key allies like UK Prime Minister Cameron, Prime Minister of Turkey, skirt-chasing Italy's Berlusconi and the United Nations Secretary General. Obama does not want to institute a no-fly zone but does not say why. The American embassy in Libya has been shuttered and closed down. Well, yeah, the country is in the process of becoming a failed state quickly.
One thing Obama did get right was to "hold his powder" as my Grand Dad used to say. Obama refused to satisfy the critics who demanded he come out and start screaming at and denouncing Gadhafi when the protests began. Well, there was the little matter of many hundreds of embassy and oil industry personnel still present in this chaotic country and we had to get them out safely. Today, a plane took off from the capitol city of Tripoli with Americans glad to leave that nightmare. Others arrived after 60 hours trapped on a ferry. But at least they are out now.
Currently, there is civil war going on in the country with Gadhafi murdering the once peaceful protesters. Law and order has gone out the window since Gadhafi began killing people. Now, protesters have taken up arms and have started taking over whole cities. This protest makes the Egypt Revolution look like Disneyland sweet.
Of course, everyone around the world keep stressing about how much the price of oil will go up. For one thing, what a sham. If world leaders are so weak as to allow Big Business to up the price of oil to $10 to $15 a gallon just in America then they will implode all the world economies. How stupid can you get? Here in America we sit on federal oil reserves stored in Louisiana. Oil prices are determined years ago to what they are to be today so why all of a sudden go up but for one reason: excessive profit?
America does not get all its oil from this area of the Middle East, a small percentage. As it is, America is sitting on the largest oil deposit in the world of light sweet crude, the easiest to process: the Gulf of Mexico. The same Gulf of Mexico, that BP polluted with their inept management of the oil rigs, people and the oil deposit. There is enough oil there to last America for well over a century.
The problem is that America allows Wall Street to control our resources to the point Americans don't get but a small benefit from our own oil reserves. Well, it's about time that this President get off his lazy ass and started taking care of the average American person instead of Big Business and Wall Street cheats.
Related articles
- American Political Cartoons - 12 Feb 2011 (thesocialpoets.blogspot.com)
- Popular Posts 2009 at Dennys Global Politics (dennysglobalpolitics.blogspot.com)
- 42 Obama 2011 Budget Cuts and Economy Cartoons (thesocialpoets.blogspot.com)
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*** Come by for a visit and check out my other blogs:
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Saturday, December 18, 2010
What Is The Truth About Unemployment In America?
Check out the status of unemployment across America and how high the figure is for the long term unemployed.
From Denny: The reality is that the recent tax cuts bill that was signed by President Obama on Friday only reinstates and extends unemployment insurance to about one million people. That's it.
The 99ers
Remember all those who have been unemployed for so long - past the two year mark and many for as long as four years - now called The 99ers because they exhausted their 99 weeks of available benefits? There are literally millions of them, perhaps as many as seven million by now. Every month there are an additional two million added to their roles. Though the statistics are sketchy and infrequent it's believed The 99ers make up at least 10 percent of the unemployed.
Most 99ers over age 50
Never mind that most of The 99ers are older Baby Boomers, there are those under age 45, many are well past age 50. They have paid unemployment insurance from their paychecks every month, every year, for decades. Now, in their time of need, their own government and politicians turn a deaf ear to them. How long before you, a relative or someone close to you enters their unhappy ranks? And we wonder why we see so much violence on the news every night, as a larger and larger segment of American society grows more desperate?
Economists seem to think maybe the economy is turning around because of the number of initial unemployment claims have trended downward by 400,000 this past month. Let's hope they are correct on their judgment call because this economy has already shed eight million jobs during this so-called "recession."
Long term unemployed figures vs. short term
How many long term unemployed are there in America? Try 6.3 million and that's about 42 percent of all the unemployed. That's not the best figure to know that creeping up to half of all your country's unemployed are long term unemployed.
Just this past week retailers like TJ Maxx let go 4,400 jobs right before Black Friday that comes the day after the Thanksgiving holiday. It's supposed to be the best shopping day of the year and yet they shed those jobs. Clearly, something is still wrong in this economy.
If you believe the news stories, watching bustling happy shoppers purchasing expensive gifts for this Christmas season you would be led to think the economy has bounced back. The problem is that those news clips are taken at the upscale shopping malls, in metro areas and wealthy neighborhoods. I'd like to see news clips from middle class malls, from small to medium-sized towns and cities, to get a better average of the truest reality of holiday shopping.
Take a look at the jobless rates in some of the states:
* North Dakota, lowest jobless rate, 3.8 percent
* South Dakota, 4.5 percent
* Nebraska, 4.6 percent
* New Hampshire 5.4 percent
* Vermont 5.7 percent
* Nevada, 14.3 percent, the highest unemployment rate among the states in November. * California, 12.4 percent
* Michigan, 12.4 percent
* Florida, 12 percent rate
* Rhode Island, 11.6 percent
True unemployment rate a guessing game
Apparently, there were 21 states, and the District of Columbia, reporting unemployment decreases. (In D.C. there are literally thousands who work for the federal government so it is not a true picture of the rest of the country since it is not a private sector free market free fall.)
There were 17 states reporting increases in unemployment while there were five states that had no change. Mind you, these are the official figures and I question the true transparency of this White House like its predecessors. Many speculate that unemployment figures run far higher, with figures ranging from 17 percent to 22 percent. That doesn't even begin to address the long term under employed who are finding it difficult to pay bills because prices remain high for necessities like gas for your car, food at the grocery store, a colder winter heating bills and the like.
The kind of numbers and spin we keep getting out of our politicians is annoying at best. The people they are not counting in government statistics are at least seven or more million long term unemployed, people unemployed for the past two to four years - which is insane.
Politicians keep telling us those eight to ten million jobs that went overseas will never come back. So, we can only assume that eight to ten million people will remain long term unemployed?
What is really going on here? We have official statistics of 6.3 million long term unemployed of which the government claims make up to 42 percent of the unemployed. Then add in seven million of The 99ers and you get a truer picture of almost 14 million or more long term unemployed - since two million a month are added to the rolls of The 99ers because they have exhausted their benefits. The reality is that almost 70 percent of our unemployed are long term unemployed. That's the dirty little secret this White House and Congress are hiding and the statistics with which they are playing spin games.
Well, it's any one's guess what will happen to the long term unemployed in this country. Stay tuned for The New Ugly, the new Congress that's installed in January to see what's next on the horizon for increasingly desperate Americans.
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
The Soul Calendar - science, astronomy, psychology
Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
Poems From A Spiritual Heart - poetry
The Healing Waters - health news
Dennys People Watching - people in the news
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Dennys Funny Quotes - humor
From Denny: The reality is that the recent tax cuts bill that was signed by President Obama on Friday only reinstates and extends unemployment insurance to about one million people. That's it.
The 99ers
Remember all those who have been unemployed for so long - past the two year mark and many for as long as four years - now called The 99ers because they exhausted their 99 weeks of available benefits? There are literally millions of them, perhaps as many as seven million by now. Every month there are an additional two million added to their roles. Though the statistics are sketchy and infrequent it's believed The 99ers make up at least 10 percent of the unemployed.
Most 99ers over age 50
Never mind that most of The 99ers are older Baby Boomers, there are those under age 45, many are well past age 50. They have paid unemployment insurance from their paychecks every month, every year, for decades. Now, in their time of need, their own government and politicians turn a deaf ear to them. How long before you, a relative or someone close to you enters their unhappy ranks? And we wonder why we see so much violence on the news every night, as a larger and larger segment of American society grows more desperate?
Economists seem to think maybe the economy is turning around because of the number of initial unemployment claims have trended downward by 400,000 this past month. Let's hope they are correct on their judgment call because this economy has already shed eight million jobs during this so-called "recession."
Long term unemployed figures vs. short term
How many long term unemployed are there in America? Try 6.3 million and that's about 42 percent of all the unemployed. That's not the best figure to know that creeping up to half of all your country's unemployed are long term unemployed.
Just this past week retailers like TJ Maxx let go 4,400 jobs right before Black Friday that comes the day after the Thanksgiving holiday. It's supposed to be the best shopping day of the year and yet they shed those jobs. Clearly, something is still wrong in this economy.
If you believe the news stories, watching bustling happy shoppers purchasing expensive gifts for this Christmas season you would be led to think the economy has bounced back. The problem is that those news clips are taken at the upscale shopping malls, in metro areas and wealthy neighborhoods. I'd like to see news clips from middle class malls, from small to medium-sized towns and cities, to get a better average of the truest reality of holiday shopping.
Take a look at the jobless rates in some of the states:
* North Dakota, lowest jobless rate, 3.8 percent
* South Dakota, 4.5 percent
* Nebraska, 4.6 percent
* New Hampshire 5.4 percent
* Vermont 5.7 percent
* Nevada, 14.3 percent, the highest unemployment rate among the states in November. * California, 12.4 percent
* Michigan, 12.4 percent
* Florida, 12 percent rate
* Rhode Island, 11.6 percent
True unemployment rate a guessing game
Apparently, there were 21 states, and the District of Columbia, reporting unemployment decreases. (In D.C. there are literally thousands who work for the federal government so it is not a true picture of the rest of the country since it is not a private sector free market free fall.)
There were 17 states reporting increases in unemployment while there were five states that had no change. Mind you, these are the official figures and I question the true transparency of this White House like its predecessors. Many speculate that unemployment figures run far higher, with figures ranging from 17 percent to 22 percent. That doesn't even begin to address the long term under employed who are finding it difficult to pay bills because prices remain high for necessities like gas for your car, food at the grocery store, a colder winter heating bills and the like.
The kind of numbers and spin we keep getting out of our politicians is annoying at best. The people they are not counting in government statistics are at least seven or more million long term unemployed, people unemployed for the past two to four years - which is insane.
Politicians keep telling us those eight to ten million jobs that went overseas will never come back. So, we can only assume that eight to ten million people will remain long term unemployed?
What is really going on here? We have official statistics of 6.3 million long term unemployed of which the government claims make up to 42 percent of the unemployed. Then add in seven million of The 99ers and you get a truer picture of almost 14 million or more long term unemployed - since two million a month are added to the rolls of The 99ers because they have exhausted their benefits. The reality is that almost 70 percent of our unemployed are long term unemployed. That's the dirty little secret this White House and Congress are hiding and the statistics with which they are playing spin games.
Well, it's any one's guess what will happen to the long term unemployed in this country. Stay tuned for The New Ugly, the new Congress that's installed in January to see what's next on the horizon for increasingly desperate Americans.
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
The Soul Calendar - science, astronomy, psychology
Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
Poems From A Spiritual Heart - poetry
The Healing Waters - health news
Dennys People Watching - people in the news
Dennys Food and Recipes
Dennys Funny Quotes - humor
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Wednesday, December 15, 2010
Gordon Brown Book: 9 Big Banks Manipulating World Economy
Check out the crooked world of global banking.
From Denny: Former British Prime Minister Gordon Brown brings into focus the world economic meltdown in his latest book "Beyond The Crash: Overcoming The First Crisis of Globalisation." This video clip is the extended interview and also an exclusive one with Jon Stewart on The Daily Show.
Former Prime Minister Gordon Brown Exclusive Interview
The revelations of inept government and banking officials is astounding here. Government leaders around the world assumed that bankers were professionals and actually knew and understood the banking system. According to PM Brown, apparently bankers from renowned global Big Banks admitted to not understanding the concept of how to calculate financial risk. That's like saying you don't understand the concept of burning yourself if you put your hand into the roaring fire. Unbelievable.
October 2008 beginning of world economic meltdown
Brown and Stewart discuss the atmosphere of the beginning of the world economic meltdown in October 2008. The crisis was so severe that within three to six days huge global banks would be out of money. Brown relates that one banker told him that "all he needed was some overnight financing to get through." The next day the bank collapsed. Brown said the head of that Big Bank was completely clueless as to what was going on.
What shocked Brown the most as he delved into the financial crisis at the time was how interconnected like a world web were all the banks. In fact, they were so entangled that when one bank failed it started a domino effect worldwide.
Why banks failed worldwide and continue to fail today
From what he experienced as a government leader, Brown learned a lot about the banking system and its terrible flaws, vulnerabilities and ruthless crookedness. As he sees it there are four major areas of problems with Big Banks:
* the banks were over leveraged with too many risks
* not enough working capital monies available because they were
* spent as bonuses rewarding the bankers instead of being invested back into the bank as working capital
* when the banks ran out of money all lending froze up
Government bailouts for greedy world bankers failed to bring about change
These idiot bankers were so greedy to reward themselves for the short term and too stupid to realize eventually the well would run dry and collapse their banks entirely. Of course, along come governments like America who gave huge bailouts to keep the banks in business. What did the bankers do? Nothing changed. They still continue to reward themselves with multi-million dollar bonuses - and allowing their working capital to dry up so we will end up bailing them out yet again.
What happened to create the economic crisis is that banks did not take in enough premiums on their risk investments to cover their risks. Say they took in a $50 million premium to cover a $5 billion risk yet did not set aside a full $5 billion to cover that risk. Instead, these stupid bankers got greedy, rewarded themselves with huge bonuses, leaving the banks unable to cover the huge losses that came their way. In short, they gave out as bonuses to themselves what was supposed to be the bank's working capital.
Brown pushes for world banking standards to inspire trust and investments
As idealistic Brown sees it the world must move to a global banking system where there are industry standards, integrity, trust, responsibility and fairness. While he is correct, good luck on that one with all the extreme greed on Wall Street.
Brown does admit that even if America finally reins in Big Banks with new legislation there will still be problems unless all the banks of the world in Europe, Asia and Latin America join the effort. Otherwise, if the crooks don't like the regulations in one country they will just move their operations to a country that will allow their greed to rein unchecked.
Brown also puts forth how important it is to have trust, integrity and transparency in the banking world. If there is not a way to verify what a bank has as investments and how leveraged they are for risk then it makes investors uneasy and disinclined to trust that bank's judgment. And, without that trust, the markets dry up. He also claims that by developing this global banking system it would develop such a trust that the markets would begin flowing again. He seems to think this act would help stimulate as many as 50 million jobs right here in America. He did not elaborate further on that idea.
So, basically, Brown believes the world economic crisis boils down to greedy bankers too stupid to use their own money to keep themselves flush in working capital to cover bad investments. Which brings us to the Nine Big Banks who are manipulating our world economy.
9 Big Banks manipulating world economy
The New York Times reported this past week about the secret meetings of world bankers who serve on a global council. What they do is meet every month to discuss and oversee trading in the derivatives market and the credit default market.
Anonymous secret bankers
What is annoying is that no one knows who "they" are. They remain anonymous. They come from famous names like JPMorgan Chase, Goldman Sachs and Morgan Stanley. Their locations are secretive as to when they meet and what exactly they do discuss. These men supposedly "safeguard" a multi-trillion dollar market - yeah, for themselves because they work hard to exclude other banks trying to get into the market.
Derivatives market
Get this as to just how crooked the derivatives market truly is: they don't allow public information to know their prices and the fees for the "insurance" product they offer as derivatives. Of course, Wall Street also claims we are all too stupid to understand the so-called complicated world of derivatives.
Here's the deal: it's nothing but a fancy word for unregulated betting and gambling. By not allowing their own customers who buy this product they are left wondering if they got a fair price and completely clueless as to the details of what the bank is charging them. This affects small businesses as well as large ones. This derivatives market also affects the average person because pension funds use this product to hedge their investments.
As it stands right now these banks are collecting billions of dollars in these undisclosed fees. All this could change if governments would get involved and regulate this industry severely. If there was more competition, rather than this monopoly by the nine Big Banks, prices would go down and there would be transparency.
To read more on the details of just how these Big Banks operate, controlling these derivatives market clearinghouses, go here for the New York Times article: A Secretive Banking Elite Rules Trading in Derivatives
The Daily Show: Exclusive - Gordon Brown Extended Interview - In this unedited, extended interview, Gordon Brown thinks America should be optimistic about its future in the global economy.
Check out Gordon Brown's new book: "Beyond The Crash: Overcoming The First Crisis of Globalisation."
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
The Soul Calendar - science, astronomy, psychology
Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
Poems From A Spiritual Heart - poetry
The Healing Waters - health news
Dennys People Watching - people in the news
Dennys Food and Recipes
Dennys Funny Quotes - humor
Gordon-Brown, interviews, books, international-affairs, economy, America, Europe, Great-Britain, money, unemployment, Wall-Street, morality
From Denny: Former British Prime Minister Gordon Brown brings into focus the world economic meltdown in his latest book "Beyond The Crash: Overcoming The First Crisis of Globalisation." This video clip is the extended interview and also an exclusive one with Jon Stewart on The Daily Show.
Former Prime Minister Gordon Brown Exclusive Interview
The revelations of inept government and banking officials is astounding here. Government leaders around the world assumed that bankers were professionals and actually knew and understood the banking system. According to PM Brown, apparently bankers from renowned global Big Banks admitted to not understanding the concept of how to calculate financial risk. That's like saying you don't understand the concept of burning yourself if you put your hand into the roaring fire. Unbelievable.
October 2008 beginning of world economic meltdown
Brown and Stewart discuss the atmosphere of the beginning of the world economic meltdown in October 2008. The crisis was so severe that within three to six days huge global banks would be out of money. Brown relates that one banker told him that "all he needed was some overnight financing to get through." The next day the bank collapsed. Brown said the head of that Big Bank was completely clueless as to what was going on.
What shocked Brown the most as he delved into the financial crisis at the time was how interconnected like a world web were all the banks. In fact, they were so entangled that when one bank failed it started a domino effect worldwide.
Why banks failed worldwide and continue to fail today
From what he experienced as a government leader, Brown learned a lot about the banking system and its terrible flaws, vulnerabilities and ruthless crookedness. As he sees it there are four major areas of problems with Big Banks:
* the banks were over leveraged with too many risks
* not enough working capital monies available because they were
* spent as bonuses rewarding the bankers instead of being invested back into the bank as working capital
* when the banks ran out of money all lending froze up
Government bailouts for greedy world bankers failed to bring about change
These idiot bankers were so greedy to reward themselves for the short term and too stupid to realize eventually the well would run dry and collapse their banks entirely. Of course, along come governments like America who gave huge bailouts to keep the banks in business. What did the bankers do? Nothing changed. They still continue to reward themselves with multi-million dollar bonuses - and allowing their working capital to dry up so we will end up bailing them out yet again.
What happened to create the economic crisis is that banks did not take in enough premiums on their risk investments to cover their risks. Say they took in a $50 million premium to cover a $5 billion risk yet did not set aside a full $5 billion to cover that risk. Instead, these stupid bankers got greedy, rewarded themselves with huge bonuses, leaving the banks unable to cover the huge losses that came their way. In short, they gave out as bonuses to themselves what was supposed to be the bank's working capital.
Brown pushes for world banking standards to inspire trust and investments
As idealistic Brown sees it the world must move to a global banking system where there are industry standards, integrity, trust, responsibility and fairness. While he is correct, good luck on that one with all the extreme greed on Wall Street.
Brown does admit that even if America finally reins in Big Banks with new legislation there will still be problems unless all the banks of the world in Europe, Asia and Latin America join the effort. Otherwise, if the crooks don't like the regulations in one country they will just move their operations to a country that will allow their greed to rein unchecked.
Brown also puts forth how important it is to have trust, integrity and transparency in the banking world. If there is not a way to verify what a bank has as investments and how leveraged they are for risk then it makes investors uneasy and disinclined to trust that bank's judgment. And, without that trust, the markets dry up. He also claims that by developing this global banking system it would develop such a trust that the markets would begin flowing again. He seems to think this act would help stimulate as many as 50 million jobs right here in America. He did not elaborate further on that idea.
So, basically, Brown believes the world economic crisis boils down to greedy bankers too stupid to use their own money to keep themselves flush in working capital to cover bad investments. Which brings us to the Nine Big Banks who are manipulating our world economy.
9 Big Banks manipulating world economy
The New York Times reported this past week about the secret meetings of world bankers who serve on a global council. What they do is meet every month to discuss and oversee trading in the derivatives market and the credit default market.
Anonymous secret bankers
What is annoying is that no one knows who "they" are. They remain anonymous. They come from famous names like JPMorgan Chase, Goldman Sachs and Morgan Stanley. Their locations are secretive as to when they meet and what exactly they do discuss. These men supposedly "safeguard" a multi-trillion dollar market - yeah, for themselves because they work hard to exclude other banks trying to get into the market.
Derivatives market
Get this as to just how crooked the derivatives market truly is: they don't allow public information to know their prices and the fees for the "insurance" product they offer as derivatives. Of course, Wall Street also claims we are all too stupid to understand the so-called complicated world of derivatives.
Here's the deal: it's nothing but a fancy word for unregulated betting and gambling. By not allowing their own customers who buy this product they are left wondering if they got a fair price and completely clueless as to the details of what the bank is charging them. This affects small businesses as well as large ones. This derivatives market also affects the average person because pension funds use this product to hedge their investments.
As it stands right now these banks are collecting billions of dollars in these undisclosed fees. All this could change if governments would get involved and regulate this industry severely. If there was more competition, rather than this monopoly by the nine Big Banks, prices would go down and there would be transparency.
To read more on the details of just how these Big Banks operate, controlling these derivatives market clearinghouses, go here for the New York Times article: A Secretive Banking Elite Rules Trading in Derivatives
The Daily Show: Exclusive - Gordon Brown Extended Interview - In this unedited, extended interview, Gordon Brown thinks America should be optimistic about its future in the global economy.
Check out Gordon Brown's new book: "Beyond The Crash: Overcoming The First Crisis of Globalisation."
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Exclusive - Gordon Brown Extended Interview | ||||
| www.thedailyshow.com | ||||
| ||||
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
The Soul Calendar - science, astronomy, psychology
Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
Poems From A Spiritual Heart - poetry
The Healing Waters - health news
Dennys People Watching - people in the news
Dennys Food and Recipes
Dennys Funny Quotes - humor
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Saturday, December 11, 2010
Sellout Obama and Bush Tax Cuts Firestorm Angers America
Obama continues to bully a bad tax plan down the throats of America.

President refuses to caucus with his own Democrats, stiff-arms them
From Denny: President Obama continues to refuse to caucus with his own Democratic Party. How illogical and insane is this? Answer: very. For some reason this President has adopted a President Nixon autocratic condescending leadership style of which the Democrats are now thoroughly in revolt.
Black Caucus refuses to support the President
Even the African-American caucus does not support him on this Bush Tax Cuts plan he tried to ram down every one's throat. Obama never consulted with any of his own party but rather this plan just suddenly appeared out of thin air via Obama and his senior advisers who met solely with Republican leadership. Increasingly, the Democratic leadership is abandoning Obama on key issues - like national security.
Democrats part ways with Obama
Here's how the Democratic leadership have gone their own way on current legislation up for vote:
* On a $1.1 trillion provision to keep the federal government funded for the next year there was a provision attached to prevent Obama from spending any funds to try terrorism suspects in a civilian court instead of a military commission. The language contained in this provision basically keeps open the Guantanamo Bay prison indefinitely.
Think about the recent fiasco where there were 285 counts against a terrorist and the weak federal government case was such that he was only found guilty on one count. Then it was back to Guantanamo for him. Definitely a complete waste of taxpayer monies.
House Democrats furious with Obama
In an interview with The Hill this is one reaction to the provision. Many other Democrats, including Rep. Jim Moran (D-Va.), a member of the defense appropriations subcommittee, said they didn’t even know the provision was included - until the rule for the bill hit the floor. Democrats began defecting in large numbers when that happened:
“This is a lack of leadership on the part of Obama,” fumed Moran (D-Va.) “I don’t know where the f*** Obama is on this or anything else. They’re AWOL.”
Obama threw down ugly ultimatum
It was yesterday the House Democrats completely rejected Obama's Bush Tax Cuts plan. Obama told them "to take it or leave it." So, they decided to leave it. Obama did not count on that. Why is Obama jamming up his own Democrats and fighting with them, refusing to meet with them to caucus? In fact, Obama walked out on a meeting with House and Senate Democrats. Instead, he chose to meet with only the Senate Republicans and proceeds to make a unilateral agreement. Then Obama fights with his own party to ram it down their throats. None of this makes any sense.
Speaker Pelosi
Since the rejection vote, Speaker Pelosi said, "Democratic priorities remain clear: to provide a tax cut for working families, to create jobs and economic growth, to assist millions of our fellow Americans who have lost their jobs through no fault of their own, and to do this in a fiscally sound way."
White House Press Secretary Gibbs
Now ask if the White House response makes any sense: White House press secretary Robert Gibbs said "the president is confident Congress will approve the tax package despite its rejection by House Democrats. At the end of the day the bill will pass both houses." This is where the heart of the matter lies - with the deaf White House. They listen to the Republican Party of No yet refuse to hear their own Democrats. "What's wrong with this picture?" is all the buzz in the progressive liberal blogosphere - and among voters.
"We have tremendous concerns about what was given away by the White House," DeFazio commented after the vote. We have given our leadership license to force the Senate and the White House back to the table to get a better deal for the American people."
When DeFazio was asked if the leadership had agreed he said, "Well, they're not going to get a bill if they don't." So much for Press Secretary Gibbs' glib response. Apparently, the White House does not accept these House Democrats mean business and will hold out for as long as it takes.
The Obama Bush Tax Cuts Plan proposal
What did Obama propose?
* 13 month extension of unemployment benefits
* two year extension of ALL Bush Tax Cuts that adds to the national deficit to feed the rich
* and a few minor details that don't amount to much of anything for the middle class benefit
Obama a lousy and weak negotiator
As it stands, Obama basically got about $100 million in unemployment benefits for 13 months as a trade in exchange for almost $800 billion in tax cuts for the rich to last two years. Now why did Obama take a paper towel to a gun fight? Clearly, he does not know how to negotiate. Either he's incompetent, corrupt, greedy or "C" all of the above multiple choices. A high school kid could have done better than this. As it is, Americans pay unemployment insurance out of every paycheck to cover them for benefits should they require them. There is no excuse, legally or otherwise, as to why they should be denied their own insurance they paid out.
How did Obama give away our rights, our winning hand and common sense?
What happened here? Obama went into these negotiations with the overwhelming will of the people on his side to not give tax breaks to the wealthiest Americans. Even 55 percent of Republicans don't want it. Almost 70 percent of all Americans don't want it.
Why does Obama want to rush up the vote on this tax plan?
Obama had a winning poker hand and lost the game too quickly - which means something is stinking in this White House. It's as if he intended to throw the game in order to win some side bets that would pay higher. What could that be? Try the fact that Obama, senior advisers Axelrod and Plouffe, Sec. Geithner and a lot of his cabinet are all recent millionaires. The reality is that they don't want to see their taxes go up come 31 Dec 2010. This is all about self-interest, disgustingly plain and oh, so corrupt simple.
Estate Taxes revision proposal
As to estate taxes, well, I think both sides of the aisle are completely crazy and greedy. Why? Explain to me why when our parents pass away they should pay yet again on their estates? They already paid taxes on those monies and assets. It's an insult to them to pay when they die too. Maybe have death taxes for the wealthiest since they find ways to elude taxes in their lifetimes anyway. Getting some kind of taxes out of them after death might be the only way.
As to estate taxes Obama and the Republicans decided upon a ceiling of $5 million and 35 percent taxes. The Democrats originally wanted the ceiling at $3.5 million and 55 percent taxes. See? They are both crazy.
Adding Ethanol Tax Credits to revise plan
Currently, to sweeten the deal to get the bill passed Obama has now signed off on adding ethanol tax credits and a $3 billion one-year extension of energy production tax credits.
Sen. Bernie Sanders Filibuster of tax plan winning hearts and minds
Today, Sen. Bernie Sanders (I-Vt.), one of the Senate's leading liberals and darling of voters nationwide, is filibustering the Obama Bush Tax Cuts plan. "I'm not here to set any great records or to make a spectacle," Sanders said as he began his speech. "I am simply here today to take as long as I can to explain to the American people the fact that we have got to do a lot better than this agreement provides."
Sanders Filibuster getting national attention
Well, Sen. Sanders has the attention of Washington with his old-school speech-making blasting the tax deal, filibuster style. Media folks are buzzing about his speech and over at Twitter his name is the sixth most popular hash tag topic. The nickname for his speech that went viral with Beltway reporters? Filibernie. And get this: the Senate TV server had to be shut down temporarily because there were too many people trying to watch Filibernie all at the same time it could not handle the overload of viewers.
Some bullet points contained in his speech:
* a detailed case for more infrastructure investment
* higher corporate tax rates
* reducing the federal budget deficit
* Sanders said Wall Street bankers and the wealthy will be the real beneficiaries of the tax plan
Excerpts from Sanders Filibuster
Says Sanders as he mocks the pampered wealthy, “How can I get by on one house? I need five houses, ten houses! I need three jet planes to take me all over the world! Sorry, American people. We've got the money, we've got the power, we've got the lobbyists here and on Wall Street. Tough luck. That's the world, get used to it. Rich get richer. Middle-class shrinks."
Senators who support Filibernie opposition to tax plan
Two of my favorite Senators also support Sen. Sanders publicly: liberal Sen. Sherrod Brown (D-Ohio) and my own Democratic centrist from Louisiana, Sen. Mary Landrieu. They both joined Sanders on the floor in supportive conference.
Here is what Sen. Mary Landrieu (D-Louisiana) had to say about the Obama tax plan version both she and Sen. Brown oppose: "It's morally corrupt." And that about says it all.
*** More in the news about this ugly tax deal:
On tax-cut deal, ignore Bill Clinton - from economist Robert Reich

*** UPDATE 17 DEC 2010: House Democrats put up a fight over the estate taxes but eventually relented when a suspicious poll was published that suddenly announced that the American public - who had been 70 percent against the tax cuts - was now miraculously 70 percent for the tax cuts plan. The reality is that two-thirds of Republicans and Independents (that are made up of two-thirds former Republicans) wanted the bill. Democrats were 54 percent against the bill.
The real reason this bill passed so quickly is when the Tea Party folks made a huge fuss - and rightly so - about the $8 billion in pork attached to the $1.2 trillion funding bill to keep the government running. You guess it: the funding bill was attached to the tax cuts bill. The Tea Party squawking gave the Democrats the cover necessary to cut out the pork - but also the funding bill with it, to be raised later for consideration. Meanwhile, the federal government may shut down.
Talk about getting everything. The Republicans were poised for the almost $1 trillion tax cuts to the rich PLUS $8 billion in pork that went mostly to their party. Greedy pigs that just don't know when to stop gobbling up everything in sight. It's shady doings like this that angers the American public at our politicians. Will these guys ever learn?
President Obama signed the bill today. The least he could have done in his "deal" while giving away the store is get an equal two years unemployment extensions for the two years of tax cuts to the rich. He could have folded in The 99ers (people who are now two years or longer unemployed) - who are millions without any unemployment benefits for six months now. Their plight has been completely ignored by their government.
So, as it stands there are millions of unemployed without any unemployment benefits to survive from day to day. We also have a federal government about to shut down for lack of funds. Buy hey! The rich got their tax cuts and are jingling plenty of money in their pockets saying, "Ho! Ho! Not!"
The idea that these tax cuts would spur the wealthy to start hiring again is preposterous. Big Business is still cutting jobs by the thousands and sending them overseas. Why hire American workers when you can get cheaper labor overseas while enjoying tax loopholes here in America? It's a win-win for the wealthy holding all the cards in the game.
*** Photo by David Katz @ flickr from the 2008 campaign
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
The Soul Calendar - science, astronomy, psychology
Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
Poems From A Spiritual Heart - poetry
The Healing Waters - health news
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Dennys Food and Recipes
Dennys Funny Quotes - humor
President refuses to caucus with his own Democrats, stiff-arms them
From Denny: President Obama continues to refuse to caucus with his own Democratic Party. How illogical and insane is this? Answer: very. For some reason this President has adopted a President Nixon autocratic condescending leadership style of which the Democrats are now thoroughly in revolt.
Black Caucus refuses to support the President
Even the African-American caucus does not support him on this Bush Tax Cuts plan he tried to ram down every one's throat. Obama never consulted with any of his own party but rather this plan just suddenly appeared out of thin air via Obama and his senior advisers who met solely with Republican leadership. Increasingly, the Democratic leadership is abandoning Obama on key issues - like national security.
Democrats part ways with Obama
Here's how the Democratic leadership have gone their own way on current legislation up for vote:
* On a $1.1 trillion provision to keep the federal government funded for the next year there was a provision attached to prevent Obama from spending any funds to try terrorism suspects in a civilian court instead of a military commission. The language contained in this provision basically keeps open the Guantanamo Bay prison indefinitely.
Think about the recent fiasco where there were 285 counts against a terrorist and the weak federal government case was such that he was only found guilty on one count. Then it was back to Guantanamo for him. Definitely a complete waste of taxpayer monies.
House Democrats furious with Obama
In an interview with The Hill this is one reaction to the provision. Many other Democrats, including Rep. Jim Moran (D-Va.), a member of the defense appropriations subcommittee, said they didn’t even know the provision was included - until the rule for the bill hit the floor. Democrats began defecting in large numbers when that happened:
“This is a lack of leadership on the part of Obama,” fumed Moran (D-Va.) “I don’t know where the f*** Obama is on this or anything else. They’re AWOL.”
Obama threw down ugly ultimatum
It was yesterday the House Democrats completely rejected Obama's Bush Tax Cuts plan. Obama told them "to take it or leave it." So, they decided to leave it. Obama did not count on that. Why is Obama jamming up his own Democrats and fighting with them, refusing to meet with them to caucus? In fact, Obama walked out on a meeting with House and Senate Democrats. Instead, he chose to meet with only the Senate Republicans and proceeds to make a unilateral agreement. Then Obama fights with his own party to ram it down their throats. None of this makes any sense.
Speaker Pelosi
Since the rejection vote, Speaker Pelosi said, "Democratic priorities remain clear: to provide a tax cut for working families, to create jobs and economic growth, to assist millions of our fellow Americans who have lost their jobs through no fault of their own, and to do this in a fiscally sound way."
White House Press Secretary Gibbs
Now ask if the White House response makes any sense: White House press secretary Robert Gibbs said "the president is confident Congress will approve the tax package despite its rejection by House Democrats. At the end of the day the bill will pass both houses." This is where the heart of the matter lies - with the deaf White House. They listen to the Republican Party of No yet refuse to hear their own Democrats. "What's wrong with this picture?" is all the buzz in the progressive liberal blogosphere - and among voters.
"We have tremendous concerns about what was given away by the White House," DeFazio commented after the vote. We have given our leadership license to force the Senate and the White House back to the table to get a better deal for the American people."
When DeFazio was asked if the leadership had agreed he said, "Well, they're not going to get a bill if they don't." So much for Press Secretary Gibbs' glib response. Apparently, the White House does not accept these House Democrats mean business and will hold out for as long as it takes.
The Obama Bush Tax Cuts Plan proposal
What did Obama propose?
* 13 month extension of unemployment benefits
* two year extension of ALL Bush Tax Cuts that adds to the national deficit to feed the rich
* and a few minor details that don't amount to much of anything for the middle class benefit
Obama a lousy and weak negotiator
As it stands, Obama basically got about $100 million in unemployment benefits for 13 months as a trade in exchange for almost $800 billion in tax cuts for the rich to last two years. Now why did Obama take a paper towel to a gun fight? Clearly, he does not know how to negotiate. Either he's incompetent, corrupt, greedy or "C" all of the above multiple choices. A high school kid could have done better than this. As it is, Americans pay unemployment insurance out of every paycheck to cover them for benefits should they require them. There is no excuse, legally or otherwise, as to why they should be denied their own insurance they paid out.
How did Obama give away our rights, our winning hand and common sense?
What happened here? Obama went into these negotiations with the overwhelming will of the people on his side to not give tax breaks to the wealthiest Americans. Even 55 percent of Republicans don't want it. Almost 70 percent of all Americans don't want it.
Why does Obama want to rush up the vote on this tax plan?
Obama had a winning poker hand and lost the game too quickly - which means something is stinking in this White House. It's as if he intended to throw the game in order to win some side bets that would pay higher. What could that be? Try the fact that Obama, senior advisers Axelrod and Plouffe, Sec. Geithner and a lot of his cabinet are all recent millionaires. The reality is that they don't want to see their taxes go up come 31 Dec 2010. This is all about self-interest, disgustingly plain and oh, so corrupt simple.
Estate Taxes revision proposal
As to estate taxes, well, I think both sides of the aisle are completely crazy and greedy. Why? Explain to me why when our parents pass away they should pay yet again on their estates? They already paid taxes on those monies and assets. It's an insult to them to pay when they die too. Maybe have death taxes for the wealthiest since they find ways to elude taxes in their lifetimes anyway. Getting some kind of taxes out of them after death might be the only way.
As to estate taxes Obama and the Republicans decided upon a ceiling of $5 million and 35 percent taxes. The Democrats originally wanted the ceiling at $3.5 million and 55 percent taxes. See? They are both crazy.
Adding Ethanol Tax Credits to revise plan
Currently, to sweeten the deal to get the bill passed Obama has now signed off on adding ethanol tax credits and a $3 billion one-year extension of energy production tax credits.
Sen. Bernie Sanders Filibuster of tax plan winning hearts and minds
Today, Sen. Bernie Sanders (I-Vt.), one of the Senate's leading liberals and darling of voters nationwide, is filibustering the Obama Bush Tax Cuts plan. "I'm not here to set any great records or to make a spectacle," Sanders said as he began his speech. "I am simply here today to take as long as I can to explain to the American people the fact that we have got to do a lot better than this agreement provides."
Sanders Filibuster getting national attention
Well, Sen. Sanders has the attention of Washington with his old-school speech-making blasting the tax deal, filibuster style. Media folks are buzzing about his speech and over at Twitter his name is the sixth most popular hash tag topic. The nickname for his speech that went viral with Beltway reporters? Filibernie. And get this: the Senate TV server had to be shut down temporarily because there were too many people trying to watch Filibernie all at the same time it could not handle the overload of viewers.
Some bullet points contained in his speech:
* a detailed case for more infrastructure investment
* higher corporate tax rates
* reducing the federal budget deficit
* Sanders said Wall Street bankers and the wealthy will be the real beneficiaries of the tax plan
Excerpts from Sanders Filibuster
Says Sanders as he mocks the pampered wealthy, “How can I get by on one house? I need five houses, ten houses! I need three jet planes to take me all over the world! Sorry, American people. We've got the money, we've got the power, we've got the lobbyists here and on Wall Street. Tough luck. That's the world, get used to it. Rich get richer. Middle-class shrinks."
Senators who support Filibernie opposition to tax plan
Two of my favorite Senators also support Sen. Sanders publicly: liberal Sen. Sherrod Brown (D-Ohio) and my own Democratic centrist from Louisiana, Sen. Mary Landrieu. They both joined Sanders on the floor in supportive conference.
Here is what Sen. Mary Landrieu (D-Louisiana) had to say about the Obama tax plan version both she and Sen. Brown oppose: "It's morally corrupt." And that about says it all.
*** More in the news about this ugly tax deal:
On tax-cut deal, ignore Bill Clinton - from economist Robert Reich
*** UPDATE 17 DEC 2010: House Democrats put up a fight over the estate taxes but eventually relented when a suspicious poll was published that suddenly announced that the American public - who had been 70 percent against the tax cuts - was now miraculously 70 percent for the tax cuts plan. The reality is that two-thirds of Republicans and Independents (that are made up of two-thirds former Republicans) wanted the bill. Democrats were 54 percent against the bill.
The real reason this bill passed so quickly is when the Tea Party folks made a huge fuss - and rightly so - about the $8 billion in pork attached to the $1.2 trillion funding bill to keep the government running. You guess it: the funding bill was attached to the tax cuts bill. The Tea Party squawking gave the Democrats the cover necessary to cut out the pork - but also the funding bill with it, to be raised later for consideration. Meanwhile, the federal government may shut down.
Talk about getting everything. The Republicans were poised for the almost $1 trillion tax cuts to the rich PLUS $8 billion in pork that went mostly to their party. Greedy pigs that just don't know when to stop gobbling up everything in sight. It's shady doings like this that angers the American public at our politicians. Will these guys ever learn?
President Obama signed the bill today. The least he could have done in his "deal" while giving away the store is get an equal two years unemployment extensions for the two years of tax cuts to the rich. He could have folded in The 99ers (people who are now two years or longer unemployed) - who are millions without any unemployment benefits for six months now. Their plight has been completely ignored by their government.
So, as it stands there are millions of unemployed without any unemployment benefits to survive from day to day. We also have a federal government about to shut down for lack of funds. Buy hey! The rich got their tax cuts and are jingling plenty of money in their pockets saying, "Ho! Ho! Not!"
The idea that these tax cuts would spur the wealthy to start hiring again is preposterous. Big Business is still cutting jobs by the thousands and sending them overseas. Why hire American workers when you can get cheaper labor overseas while enjoying tax loopholes here in America? It's a win-win for the wealthy holding all the cards in the game.
*** Photo by David Katz @ flickr from the 2008 campaign
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
The Soul Calendar - science, astronomy, psychology
Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
Poems From A Spiritual Heart - poetry
The Healing Waters - health news
Dennys People Watching - people in the news
Dennys Food and Recipes
Dennys Funny Quotes - humor
Tuesday, June 29, 2010
Spies Among Us, Scumbag Congress Denies Food to Children of Unemployed - News Headlines 29 June 2010
*** Spies play games in America and scumbag Congress denies extension of unemployment benefits to desperate jobless in America.

Lucky Gen. McChrystal
From Denny: Gen. McChrystal is toast and was forced to retire. Lucky him that the President is such a decent guy. McChrystal would not have done the same for him if their roles had been reversed. Let's hope the general gets it and appreciates it over the years, not mistaking kindness for weakness.
The President made it possible to override Army regulations and helped McChrystal retire at four star status. Technically, he did not have enough time on the job to quality for retiring at the four star level. The four star level pension sure pays out a helluva lot better than the three star level. He should take this huge gift, shut up and disappear as quickly as he can before the President changes his mind.
Russian spies finally hauled in after FBI watches them for decade
Since I grew up in the American intelligence community I always get a good laugh when "the other side's" spies are found to be operating in our midst. Just like now, usually the FBI and the CIA have had tabs on them for some time. In this case, it's been over a decade of watching these bumbling Russian spies.
The media keeps asking the obvious questions like "They had no direct access to any high level information. What did Russia hope to gain? After all, they could find out all the information they wanted about President Obama's trips by Google search on the internet."
Of course, what the American media is missing is duh, the obvious. The Russian media is state owned and state run propaganda. In a word, the Russian intelligence community does not believe the media to be telling the truth. So, their inept old school handlers wanted these family spies to verify the American media information as truthful or not. The Russian handlers figured if their spies lived in America they would come to relate to and understand the American mindset and know if information was true as told.
This pathetic former Cold War spy ring really comes across as the last gasp of the Old Russia that just couldn't let go of their paranoid ways. These guys always were the ultimate control freaks so none of this surprises me. In the end, it all comes down to trust, of which the Russians have none. That's how their society has worked for decades, on fear and mistrust. In their minds, surely nothing could be as simple as doing a Google search. Earth to Russia: yes, it is.
OK, I've laughed enough at this one, moving along...
BP oil spill disaster and scummy corporate deeds
Oh, goodie, BP is now taking money out of the claims fund to funnel to their BP gas station owners because of the boycotts against BP. So now BP gas station owners are victims? You have got to be kidding me. BP should be paying them out of another fund and not the one for the fishermen and other business owners. Yet more scummy doings from the BP crowd.
As it is, they play games with the claims process even after Ken Feinberg got involved. Everything they do is arbitrary and delay, delay, delay for as long as they can until they get caught and profiled on some news story. Then they go into public relations over drive and churn out the glossy expensive New York ads to the tune of "me thinks thou dost protest too much."
Car sales plummet do to job loss
GM auto sales nosedived by 13 percent from last year when they were in the tubes. That is what happens when you take taxpayer stimulus money, claim to pay it back but actually just took another form of a taxpayer loan from the Federal Reserve, and then had the audacity to fire 5,000 employees. They sent those jobs overseas so obviously they still needed the work to be done. They were just too cheap to pay American workers. And these guys still think American's owe them brand loyalty? What drugs are they smoking?
Unemployment benefits denied by Congress who goes on holiday
The biggest shocker this week was Congress refusing to extend unemployment benefits to the millions of desperate people out there. Bankruptcies are way up as are home foreclosures. You can't keep squeezing people and the politicians think they will not pay some kind of price for their cruelty.
The American public is in an ugly mood and no longer mollified by inspiring words of hope or empty words about how this denial is good for the deficit. Try telling that to a hungry three year old crying because she can only eat one meal a day. Yeah, this is the same Congress that took away breakfast and lunch at America's public schools. Talk about people who will be burning in hell for eternity for such depraved indifference to the suffering of little children.
Financial Reform Deal in Doubt
House Rejects Unemployment Benefits Extension
Amid GOP Concerns About Debt and Deficit, House Vote on Extending Unemployment Benefits Fails; Another Vote Expected
Drilling Moratorium Costing Gulf Docks Business
BP Compensation Fund Not Likely to Cover Costs of Expected Losses if Obama Deepwater Moratorium Becomes Permanent
BP Meets U.S. Deadline for Oil Spill Payments
Oil Company Has Paid Gov't About $71 Million for Costs Associated With Cleanup
BP Tosses Lifeline to Gas Stations, Group Says
Energy Giant to Give up to $70M Local Stations, Suppliers Struggling Due to Boycotts, According to Industry Group
Moscow: Suspected Spies Include Russian Citizens
But Russia Urges Restraint, Insists Alleged Spies Did Nothing to Hurt U.S. Interests; State Department Plays Down Fallout
U.S. Officials Play Down U.S.-Russia Spy Fallout
White House, Pentagon Play Down Political Ramifications of Spy Ring Arrests; Obama Declines to Comment
Ex-KGB: Russia May Have 50 Spy Couples in U.S.
Cold War Defector Oleg Gordievsky Says Alleged Spy Ring May Extend Well Beyond Those Arrested
White House: McChrystal to Retire with 4 Stars
Ousted General Will Be Allowed to Retire as a Four Star General Despite Serving in that Position for Less Than a Year
A Good General Is Not Enough
Thomas Joscelyn: Winning in Afghanistan Will also Require Pressure on Pakistan.
Kagan Calm, Poised at Hearings - but Questions Linger
Cynicism in the Supreme Court Hearings
Ari Melber: Knocking Kagan’s Experience, the Republican Attack May Backfire
Auto Sales Slowing as Americans Doubt Recovery
Automakers Expected to Report Sales Decline Between 9.5 Percent, 12 Percent from May to June Later This Week
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
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Ouch Outrageous Obnoxious And Odd

Lucky Gen. McChrystal
From Denny: Gen. McChrystal is toast and was forced to retire. Lucky him that the President is such a decent guy. McChrystal would not have done the same for him if their roles had been reversed. Let's hope the general gets it and appreciates it over the years, not mistaking kindness for weakness.
The President made it possible to override Army regulations and helped McChrystal retire at four star status. Technically, he did not have enough time on the job to quality for retiring at the four star level. The four star level pension sure pays out a helluva lot better than the three star level. He should take this huge gift, shut up and disappear as quickly as he can before the President changes his mind.
Russian spies finally hauled in after FBI watches them for decade
Since I grew up in the American intelligence community I always get a good laugh when "the other side's" spies are found to be operating in our midst. Just like now, usually the FBI and the CIA have had tabs on them for some time. In this case, it's been over a decade of watching these bumbling Russian spies.
The media keeps asking the obvious questions like "They had no direct access to any high level information. What did Russia hope to gain? After all, they could find out all the information they wanted about President Obama's trips by Google search on the internet."
Of course, what the American media is missing is duh, the obvious. The Russian media is state owned and state run propaganda. In a word, the Russian intelligence community does not believe the media to be telling the truth. So, their inept old school handlers wanted these family spies to verify the American media information as truthful or not. The Russian handlers figured if their spies lived in America they would come to relate to and understand the American mindset and know if information was true as told.
This pathetic former Cold War spy ring really comes across as the last gasp of the Old Russia that just couldn't let go of their paranoid ways. These guys always were the ultimate control freaks so none of this surprises me. In the end, it all comes down to trust, of which the Russians have none. That's how their society has worked for decades, on fear and mistrust. In their minds, surely nothing could be as simple as doing a Google search. Earth to Russia: yes, it is.
OK, I've laughed enough at this one, moving along...
BP oil spill disaster and scummy corporate deeds
Oh, goodie, BP is now taking money out of the claims fund to funnel to their BP gas station owners because of the boycotts against BP. So now BP gas station owners are victims? You have got to be kidding me. BP should be paying them out of another fund and not the one for the fishermen and other business owners. Yet more scummy doings from the BP crowd.
As it is, they play games with the claims process even after Ken Feinberg got involved. Everything they do is arbitrary and delay, delay, delay for as long as they can until they get caught and profiled on some news story. Then they go into public relations over drive and churn out the glossy expensive New York ads to the tune of "me thinks thou dost protest too much."
Car sales plummet do to job loss
GM auto sales nosedived by 13 percent from last year when they were in the tubes. That is what happens when you take taxpayer stimulus money, claim to pay it back but actually just took another form of a taxpayer loan from the Federal Reserve, and then had the audacity to fire 5,000 employees. They sent those jobs overseas so obviously they still needed the work to be done. They were just too cheap to pay American workers. And these guys still think American's owe them brand loyalty? What drugs are they smoking?
Unemployment benefits denied by Congress who goes on holiday
The biggest shocker this week was Congress refusing to extend unemployment benefits to the millions of desperate people out there. Bankruptcies are way up as are home foreclosures. You can't keep squeezing people and the politicians think they will not pay some kind of price for their cruelty.
The American public is in an ugly mood and no longer mollified by inspiring words of hope or empty words about how this denial is good for the deficit. Try telling that to a hungry three year old crying because she can only eat one meal a day. Yeah, this is the same Congress that took away breakfast and lunch at America's public schools. Talk about people who will be burning in hell for eternity for such depraved indifference to the suffering of little children.
Financial Reform Deal in Doubt
House Rejects Unemployment Benefits Extension
Amid GOP Concerns About Debt and Deficit, House Vote on Extending Unemployment Benefits Fails; Another Vote Expected
Drilling Moratorium Costing Gulf Docks Business
BP Compensation Fund Not Likely to Cover Costs of Expected Losses if Obama Deepwater Moratorium Becomes Permanent
BP Meets U.S. Deadline for Oil Spill Payments
Oil Company Has Paid Gov't About $71 Million for Costs Associated With Cleanup
BP Tosses Lifeline to Gas Stations, Group Says
Energy Giant to Give up to $70M Local Stations, Suppliers Struggling Due to Boycotts, According to Industry Group
Moscow: Suspected Spies Include Russian Citizens
But Russia Urges Restraint, Insists Alleged Spies Did Nothing to Hurt U.S. Interests; State Department Plays Down Fallout
U.S. Officials Play Down U.S.-Russia Spy Fallout
White House, Pentagon Play Down Political Ramifications of Spy Ring Arrests; Obama Declines to Comment
Ex-KGB: Russia May Have 50 Spy Couples in U.S.
Cold War Defector Oleg Gordievsky Says Alleged Spy Ring May Extend Well Beyond Those Arrested
White House: McChrystal to Retire with 4 Stars
Ousted General Will Be Allowed to Retire as a Four Star General Despite Serving in that Position for Less Than a Year
A Good General Is Not Enough
Thomas Joscelyn: Winning in Afghanistan Will also Require Pressure on Pakistan.
Kagan Calm, Poised at Hearings - but Questions Linger
Cynicism in the Supreme Court Hearings
Ari Melber: Knocking Kagan’s Experience, the Republican Attack May Backfire
Auto Sales Slowing as Americans Doubt Recovery
Automakers Expected to Report Sales Decline Between 9.5 Percent, 12 Percent from May to June Later This Week
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Saturday, June 26, 2010
American and World Politics Cartoons - 26 June 2010
*** More Bozo Sapien Awards given out to world politicians and Big Business CEOs in their never-ending journey of how to embarrass themselves and their countries.

From Denny: BP's CEO Tony Hayward and all of Britain is deliriously happy that General McChrystal's idiot two-month long interview with The Rolling Stone Magazine got them off the front pages of the news - for now. Leave it to Hayward to do and say something else as heartless and insensitive as last week. Give him time; he will do it again - and again. The guy can't help himself as his ego is that bloated with self-importance and arrogance.
He's the one giving Britain a bad name. Not even the quality people like former First Lady Cherie Blair, of The Loomba Foundation, can be in the news enough to counter the bad taste in the mouth for Americans on the Gulf Coast of Britain's rush to take care of themselves first and always.
By the way, Cherie Blair's foundation is concerned about the plight of young widows with children all over the world, numbering in the millions. See this post at The Healing Waters blog: Exploding Number of Young Widows in the World This Brit is a class act. She exemplifies what is the best from the United Kingdom juxtaposed to Hayward's worst example of low character depravity.
Back to politicians and leaders embarrassing themselves in the news... The latest insult is to claim that Afghanistan has over $1 trillion in unmined mineral deposits just to justify to war weary regular Americans to stay in the war longer. Remember that same Pentagon argument for the Iraq War? They promised the oil fields of Iraq would defray the cost and even completely pay for the Iraq War if only America would invade Iraq.
Now, years later, at the cost of $9 billion a month we are still bleeding money from the national treasury and spilling the blood of our soldiers in this stupid war. Now the Pentagon and Big Business came up with another lunatic ad promotion to sell the public on staying in Afghanistan because we will all get rich as we send our Big Business mine owners over there to mine for America. Is there truly anyone left in America stupid and gullible enough to believe these stink-to-High-Heaven lies?

See Cartoons by Cartoon by Patrick Chappatte - Courtesy of Politicalcartoons.com - Email this Cartoon

See Cartoons by Cartoon by David Fitzsimmons - Courtesy of Politicalcartoons.com - Email this Cartoon

See Cartoons by Cartoon by David Fitzsimmons - Courtesy of Politicalcartoons.com - Email this Cartoon
Media:

See Cartoons by Cartoon by David Fitzsimmons - Courtesy of Politicalcartoons.com - Email this Cartoon
The BP Oil Spill has taught us all over the world it's time to get serious about moving into alternative cleaner energy and away from fossil fuels. It's also time for every person on this planet to scream and protest all their leaders until their governments take up the charge into the future.
And the biggest loser this week? America's unemployed because the Greed Over Principle Republicans spit on every unemployed American desperate to put a roof over their heads and put food on the table. There should be a wall of shame publicly displayed of all the unpatriotic Americans who voted not to extend unemployment benefits to fellow Americans in need.
*** See Also more cartoons of the day: Dark Humor: BP Oil Spill Cartoons - 26 June 2010
*** See Also more cartoons of the day: Funny General McChrystal Cartoons - 26 June 2010
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
The Social Poets
Dennys Global Politics
The Soul Calendar
Visual Insights
Beautiful Illustrated Quotations
Poems From A Spiritual Heart
The Healing Waters
Dennys Art Sanctuary
Romancing The Chocolate
Comfort Food From Louisiana
Unusual 2 Tasty
Dennys Blog Feeds
Dennys Funny Quotes
Ouch Outrageous Obnoxious And Odd

From Denny: BP's CEO Tony Hayward and all of Britain is deliriously happy that General McChrystal's idiot two-month long interview with The Rolling Stone Magazine got them off the front pages of the news - for now. Leave it to Hayward to do and say something else as heartless and insensitive as last week. Give him time; he will do it again - and again. The guy can't help himself as his ego is that bloated with self-importance and arrogance.
He's the one giving Britain a bad name. Not even the quality people like former First Lady Cherie Blair, of The Loomba Foundation, can be in the news enough to counter the bad taste in the mouth for Americans on the Gulf Coast of Britain's rush to take care of themselves first and always.
By the way, Cherie Blair's foundation is concerned about the plight of young widows with children all over the world, numbering in the millions. See this post at The Healing Waters blog: Exploding Number of Young Widows in the World This Brit is a class act. She exemplifies what is the best from the United Kingdom juxtaposed to Hayward's worst example of low character depravity.
Back to politicians and leaders embarrassing themselves in the news... The latest insult is to claim that Afghanistan has over $1 trillion in unmined mineral deposits just to justify to war weary regular Americans to stay in the war longer. Remember that same Pentagon argument for the Iraq War? They promised the oil fields of Iraq would defray the cost and even completely pay for the Iraq War if only America would invade Iraq.
Now, years later, at the cost of $9 billion a month we are still bleeding money from the national treasury and spilling the blood of our soldiers in this stupid war. Now the Pentagon and Big Business came up with another lunatic ad promotion to sell the public on staying in Afghanistan because we will all get rich as we send our Big Business mine owners over there to mine for America. Is there truly anyone left in America stupid and gullible enough to believe these stink-to-High-Heaven lies?
See Cartoons by Cartoon by Patrick Chappatte - Courtesy of Politicalcartoons.com - Email this Cartoon
See Cartoons by Cartoon by David Fitzsimmons - Courtesy of Politicalcartoons.com - Email this Cartoon
See Cartoons by Cartoon by David Fitzsimmons - Courtesy of Politicalcartoons.com - Email this Cartoon
Media:
See Cartoons by Cartoon by David Fitzsimmons - Courtesy of Politicalcartoons.com - Email this Cartoon
The BP Oil Spill has taught us all over the world it's time to get serious about moving into alternative cleaner energy and away from fossil fuels. It's also time for every person on this planet to scream and protest all their leaders until their governments take up the charge into the future.
And the biggest loser this week? America's unemployed because the Greed Over Principle Republicans spit on every unemployed American desperate to put a roof over their heads and put food on the table. There should be a wall of shame publicly displayed of all the unpatriotic Americans who voted not to extend unemployment benefits to fellow Americans in need.
*** See Also more cartoons of the day: Dark Humor: BP Oil Spill Cartoons - 26 June 2010
*** See Also more cartoons of the day: Funny General McChrystal Cartoons - 26 June 2010
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
The Social Poets
Dennys Global Politics
The Soul Calendar
Visual Insights
Beautiful Illustrated Quotations
Poems From A Spiritual Heart
The Healing Waters
Dennys Art Sanctuary
Romancing The Chocolate
Comfort Food From Louisiana
Unusual 2 Tasty
Dennys Blog Feeds
Dennys Funny Quotes
Ouch Outrageous Obnoxious And Odd
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