THE FACES OF RIGHT-WING HATE: Rush Limbaugh, Ann Coulter, Michael Savage, Sean Hannity, John Gibson, Laura Ingraham: Poisoning Democracy with Vitriolic Hate
Bob Cesca: Enough! Here's Why The Polls Are So Damn Close
Could it be that the lies and blind-patriotism of the far-right propagandists are painting an historic, brilliant, accomplished, presidential candidate as some kind of Bin Laden meets Farrakhan chimera? 24 hours a day?
I don't know if you've dared to listen to far-right talk radio lately, but I can assure you that they're not ignoring Senator Obama -- or his family. Put it this way: if you only got your news and opinions from talk radio, you'd probably believe that Senator Obama is some kind of foreign-born baby-killing Manchurian Candidate terrorist -- if not a sexist uppity black man who, if he loses in November, will incite race riots in every city.
Alleged sex-tourist Rush Limbaugh, whose show is carried in almost every American city, is routinely accusing Senator Obama of infanticide and referring to him as a "little black man-child," clearly stopping short of blurting out the name "Sambo," thus indicating that the drugs seem to have left intact a shred of discretion in Limbaugh's otherwise melty cheese brain.
Why are the polls so close? Not only do around 25 percent of Americans watch FOX News Channel on a regular basis, but, from coast to coast, there are more than a thousand far-right talk radio stations occupied by shows that make Morning Joe sound like an Olbermann Special Comment. And 17 percent of Americans are glued to it at work and in their cars. Talkers like Hugh Hewitt, Sean Hannity, John Gibson, Rush Limbaugh, Michael Medved, Bill Bennett and Glenn Beck broadcast on your public air around the clock. Non-stop. Unrelenting. Only interrupted by Accu-weather and traffic. Free to anyone with an AM radio.
Here's the complete article from Huffington Post:
Today's edition of Morning Joe on MSNBC was especially ridiculous. And Pat Buchanan wasn't even there, which meant that everyone else had to overcompensate to make up for the conspicuous absence of awful.
Back story: Senator Obama released a two-minute commercial about the economic crisis -- also known as "the worst financial crisis in a century," according Alan Greenspan and Mort Zuckerman. It's a smart, effective ad that serves two purposes: it outlines what Obama plans to do about the crisis, and it continues to hammer home Senator Obama as a tough yet presidential would-be chief executive and steward of the economy.
Yet despite the seriousness of this crisis, Joe Scarborough (along with Wee Willie Geist and Salon's Joan Walsh, oddly enough) mocked the ad for its lack of soundbytes and its abundance of specifics.
Lack. Of soundbytes.
Now there's an argument to be made in favor of short, pithy framing in politics, but this isn't a short, pithy crisis. It's a crisis that's nailing ordinary Americans quite literally in their own back yards. It's entirely symptomatic of 30 years of Republican deregulation and Reaganomics. 30 years of free market wingnut crapola culminating in something close to the Great Depression, with Senator McCain quoting Herbert Hoover dozens of times this year alone -- and, what? A two minute commercial is too long, Joe? Are you so basted in savory McCain barbecue sauce, Joe, that your candidate's cluelessness has, by some form of dry rub osmosis, infected your already shovel-shaped view of this global disaster?
Soundbytes and nonspecifics. Yessir. That's just what (and I repeat) the worst financial crisis in a century deserves. Soundbytes and nonspecifics like, "The fundamentals of the economy are strong." Heckuva job. Your candidate is a total doof when it comes to the economy, Joe. Admit it.
So then, with the addition of Newsweek's very serious Jon Meacham, the very serious conversation evolved into concern-trolling about the polls. Why, Scarborough wondered, is Senator Obama not way ahead of McCain in the polls? Why is the race so tight?
Hmm. I can't imagine why that is. It's not like Senator Obama's patriotism and character is being assassinated for three hours every morning on cable news -- six hours if we include the spasmodic howler monkeys on FOX & Friends. I can't imagine why the polls are so close when Joe Scarborough is helping his Republican allies to once again turn this critical national debate into another blind recitation of Lee Greenwood lyrics.
Why are the polls so close? Not only do around 25 percent of Americans watch FOX News Channel on a regular basis, but, from coast to coast, there are more than a thousand far-right talk radio stations occupied by shows that make Morning Joe sound like an Olbermann Special Comment. And 17 percent of Americans are glued to it at work and in their cars. Talkers like Hugh Hewitt, Sean Hannity, John Gibson, Rush Limbaugh, Michael Medved, Bill Bennett and Glenn Beck broadcast on your public air around the clock. Non-stop. Unrelenting. Only interrupted by Accu-weather and traffic. Free to anyone with an AM radio.
I don't know if you've dared to listen to far-right talk radio lately, but I can assure you that they're not ignoring Senator Obama -- or his family. Put it this way: if you only got your news and opinions from talk radio, you'd probably believe that Senator Obama is some kind of foreign-born baby-killing Manchurian Candidate terrorist -- if not a sexist uppity black man who, if he loses in November, will incite race riots in every city.
Last night, Keith Olbermann reported that convicted Watergate burglar and radio talk show host G. Gordon Liddy continues to insist that Senator Obama was born in Kenya and that his birth certificate is a forgery. Lies. Debunked months ago by numerous nonpartisan experts.
Sean Hannity continues to beat the Reverend Wright and William Ayers drums every chance he gets while making wild claims that Senator Obama is an anti-white bigot.
Alleged sex-tourist Rush Limbaugh, whose show is carried in almost every American city, is routinely accusing Senator Obama of infanticide and referring to him as a "little black man-child," clearly stopping short of blurting out the name "Sambo," thus indicating that the drugs seem to have left intact a shred of discretion in Limbaugh's otherwise melty cheese brain.
And that's just three of the more popular hosts out of hundreds more. There's Mike Gallagher, Lars Larson, Laura Ingraham, Monica Crowley, Mike Savage, Dennis Prager, Neil Boortz, Bill Hussein Cunningham -- the list goes on and on. Nothing is out of bounds. Devoid of shame and accountability. Inventing its own stories and spreading lies in soundbyte chunks easily passed along via listeners to non-listener friends and family.
We too-often overlook the influence of far-right talk radio given the overproduced, groomed-monkeys on far-right cable news shows. So radio talkers too often operate with impunity and a dangerous lack of watchdogging despite their market saturation -- their menacing ubiquity. Consequently, concern-trolls like Joe Scarborough and Jon Meacham can go on television and thump their chests -- questioning why-God-why have the Democrats only won three of the last ten presidential elections?! What's wrong with these foreign-sounding, smarty-pants Democrats who, as Meacham mentioned today, are incapable of "speaking American."
Could it be -- I don't know, just a hunch -- that the opinions of perhaps a third of all Americans are shaped by FOX News Channel, cable news shows like Morning Joe and, especially, far-right talk radio? Could it be that the lies and blind-patriotism of these far-right propagandists are painting an historic, brilliant, accomplished, patriotic presidential candidate as some kind of Bin Laden meets Farrakhan chimera? 24 hours a day? In every town in the Union? Distracting Americans from this economic crisis and skewing their priorities -- making pocketbook issues seem less important than bullshit lies. And political hacks still wonder why half of Americans vote against their financial interests every two years. Joe Scarborough still wonders out loud why Senator Obama isn't 20 points ahead in the polls.
Riddle me this, Joe. Given the ideological landscape of cable news, talk radio and the nefarious lie-based caricature therein of Obama as a black-power, fetus-crushing Muslim terrorist, why isn't John McCain 20 points ahead in polls?
http://www.huffingtonpost.com/bob-cesca/enough-heres-why-the-poll_b_127167.html
Look I know you guys are'nt to fond of Rusty over here,but I thought maybe one of you could help me out,sort of put me on the correct path so to say.
ReplyDeleteAll the problems with the countrys financial stability these past months have me asking myself.Who does have oversight?Should the head of the SEC be fired?Arrested?Should the heads of LB,Fanny Mae,Freddie Mac who walked away with millions be charged with something?How about AIG?That guy running the show made tons of dough.Who in the hell had oversight on Fanny Mae and Freddie Mac?Should'nt that idiot be strung up by their thumbs?Is'nt Fanny and Freddie run by government?Who was watching them?Did anyone make money off them?Did anyone get campaign contributions from them?
Can some one over here help answer these questions?
Thanking you in advance.
The Republican lobbyists have been lobbying for de-regulation of the markets since Reagan - who believed in that a "free market" with ZERO controls will regulate itself. WRONG. This rampant greed is "every man for himself, it's a free market."
ReplyDeleteReaganomics is basically this: give corporations huge tax breaks and then earnings will trickle down. WRONG. The upper echelon and mid-level managers found out ways to hoard the wealth and OUTSOURCE OUR LABOR FORCE TO CHINA AND INDIA. Read about how Jack Welch brags about getting Indian laborers to do all his phone service work for 50 cents a day.
We have no more American workers. We have no manufacturing or real jobs here.
There is virtually no oversight and the Dems can't seem to get any regulations in place because the greed of the corporate mentality trumps all. The men who sit on the boards of these large corporations vote to let their CEOs walk away with "pay or play" huge severance packages from 200-400 million each, even if their company sinks.
The "good old boys network" assures that they make out like bandits.
Someone delete little crustys comment.
ReplyDeleteAfter his bs on this blog the last thing he deserves is to be the first comment people see.
Unfortunately for us, the huge media conglomerates are behind almost every Reich Wing radio show in the country. Lydia, you are fortunate to have a show that offers a counter balance, but not with the same dead (air) weight of the Limbaughs, O'Reillys, Hannitys, Savages, et al. It's too bad there aren't more progressive stations out there. Most people can't afford - or are unaware - of satellite radio.
ReplyDeleteThere is the Prometheus Radio Project which could help set up a few more stations around the country, but once again, not enough people know about it. I've even considered trying to set up a station right here in the heart of Conservative Junction.
I suppose my whole long-winded point is that we need to fight fire with truth.
McCain and Palin are crashing in the polls harder than the stock market.
ReplyDeleteEven Bill Oreilly said on the radio this morning that Bush's legacy is screwed.
Even Bill Oreilly has given up on the Bush administration.
So guys like Crusty are the last hold outs.
The last of the Volksturm.
I really thought someone could help me out with a couple answer's to my questions. No one???
ReplyDeleteLook I know you guys are'nt to fond of Rusty over here,but I thought maybe one of you could help me out,sort of put me on the correct path so to say.
ReplyDeleteWell crusty FIRST grap a hold of your ears pull down REAL hard until you hear a LOUD pop.
Don't worry the bright light is normal it's the sun.
Yes the noise is much louder and you can hear much better,
Things will seem a little strange but it's normal because of the sensory deprived place you kept your head,
Oh yea, and you might notice that horrible smell went away.
All the problems with the countrys financial stability these past months have me asking myself.
Right crusty your the complete idiot who was claiming the market and economy was going great while this fiasco was building, and attacked Mike for pointing out exactly what your complaining about NOW.
Who does have oversight?
It should be the administration of George W Bush, but he don't do things like that does he?
He failed in oversight in the mine administration and many died ...
He failed in oversight in in care for the troops until ABC embarrassed his sorry ass ....
He failed in oversight of the no bid contracts in Iraq and BILLIONS have gone missing, and KBR got paid even though showers they built have electrocuted over 17 US soldiers....
I sorta see a pattern here son.
Should the head of the SEC be fired?
Don't worry son come January all the crooks and criminals Bush put in power to steal from the american people will be fired son.
Arrested?
Bush yes
Cheney yes
Rumsfeld yes
Gonzolas yes
Rove yes
Wolfowitz yes,
Perle yes,
Cambone yes,
and lots more crooks in his criminally organized Administration
Should the heads of LB,Fanny Mae,Freddie Mac who walked away with millions be charged with something?
Um crusty they didn't walk away with millions their golden parachute got it's strings cut.
On December 18, 2006, U.S. regulators filed 101 civil charges against chief executive Franklin Raines; chief financial officer J. Timothy Howard; and the former controller Leanne G. Spencer. The three are accused of manipulating Fannie Mae earnings to maximize their bonuses. The lawsuit sought to recoup more than $115 million in bonus payments, collectively accrued by the trio from 1998–2004, and about $100 million in penalties for their involvement in the accounting scandal.
Facts ain't your strong suit are they crusty?
How about AIG?
Well son that isn't for the government to decide unless he is proved to have broken laws, but he lost TONS of money in the stick he held, and I bet he don't get no golden parachute either.
That guy running the show made tons of dough.
Lots of it in stock options which ain't worth the price of toilet paper about now.
Who in the hell had oversight on Fanny Mae and Freddie Mac?
The director of the Federal Housing Finance Agency (FHFA), James B. Lockhart III.
Shouldn't that idiot be strung up by their thumbs?
No crusty torture is illegal even though you right wing clowns go for it FIRST.
Is'nt Fanny and Freddie run by government?
Yes and NO it is government sponsored enterprise which means it is pretending to be a private enterprise to make the privatize free marketeers happy but under the US government so it could bail those privatizing free marketers out when they got too greedy and crashed the system like they JUST DID son.
Who was watching them?
Well in the run up in the sub prime fiasco from 2000 to 2006 when it started to unwind the US congress run by the republicans who were in charge there.
Of course the president who should have asked his AG to investigate if they thought anything was being done illegal;
Oh right the AG and whole Bush administration was too busy breaking the law themselves .....
Did anyone make money off them?
Don't know your precious right wing repubies refuse to answer subpoenas, admit their crimes and culpability so given the stone walling by Bush ET Al and the refusal of the Bush appointed attorney general to do his god damned job we don't know YET, but come January things might just be a little different.
Did anyone get campaign contributions from them?
Don't know but you can google it son;
BUT here is some current connections to the campaigns .....
Republican John McCain’s presidential campaign manager, Rick Davis served as president of an advocacy group led by Fannie Mae and Freddie Mac that defended the two companies against increased regulation.
McCain campaign manager Davis headed the Homeownership Alliance, a lobbying association that included Fannie, Freddie, nonprofit groups, real estate agents, homebuilders and consumer advocates. The group’s stated goal was to increase affordable housing. But it also worked to oppose congressional efforts to tighten controls on Fannie and Freddie.
In July 2003, Davis wrote to the American Banker, taking issue with an opinion piece by Leslie Paige of Citizens Against Government Waste, arguing that Fannie and Freddie should operate with greater transparency.
McCain tapped Culvahouse, the former Reagan administration official, to head his search for a running mate.
Arthur B. Currently Jr. a partner at O’Melveny & Myers, Culvahouse lobbied on behalf of Fannie Mae in 1999, 2003 and 2004, according to Senate records.
Other McCain aides with ties to the two companies include economic adviser Aquiles Suarez, who worked as Fannie’s director of government and industry relations; congressional liaison John Green, who lobbied for Fannie from 2004 to 2007; and finance co-chairman Frederic V. Malek, a former Freddie board member.
Democrat Barack Obama’s original vice presidential vetter, Jim Johnson, who stepped down from his campaign post in June.
Does this help crusty?
Don't ya find it interesting one of the main players keeping the Fannie-Freddie mess from getting cleaned up, is NOW running McSame's campaign, crusty?
ReplyDeleteYa thunk they should have HIM up front after all the damage he helped contribute to?
Oh yea, since he is a right winger and was against regulations, like St Johnny has been for his 26 years in Washington, it's OK, cause you reich wingers will find some way to blame democrats for the mess, the republican ideology has created.
Oh,O.K. then.Thanks for the information.
ReplyDeleteNo problem crusty, hope it helps expand your home-schooled education son.
ReplyDeleteYes sir,it certainly has.Thank you again.
ReplyDeleteOh yea,one more thing.Is there a,I think congressman,who maybe heads up a commitee that has oversight on Mae and Mac? I'm trying to think of his name,I heard it on the news today. I think his name is,jeez what was it,it sounded like the name of that deputy on that old Mayberry show.I think it was Fife,yea thats it Barney Fife. Is there a congressman named Barney Fife?
ReplyDeleteWhy Rusty, I believe you're thinking of "Barney Frank", the congressman whose lover was running a prostitution ring out of his house in DC!
ReplyDeleteI believe he's a Democrat too...
ReplyDeleteCrusty from 2000 to 2006 when the damage was being done;
ReplyDeleteThe chairman of the House Committee on Financial Services was;
Micheal G Oxley(R) Ohio
and the chairman of House Subcommittee for Capital Markets, Insurance, and Government Sponsored Enterprises Subcommittee was,
Richard H Baker(R) Louisiana,
So those are who you should be complaining about NOT doing any oversight when the sub prime fiasco was being created.
Or is it somebody else's fault they didn't do their job?
Oh I see you want to blame Barney Frank for the fact the republicans didn't do any oversight from 2001 to 2007 when they lost power in congress.
ReplyDeleteHow typically reich wing of your two clowns
O.K.again,you've answered my question.
ReplyDeleteBut just one more thing,does'nt the last two years matter at all?
Was there ever a mortgage company named Countrywide.I dont know if they are still in business?
Are there any elected officials that got favorable loans from that company?
Maybe you could just help me with that.
Don't know crusty you don't ya pull real hard on your ears again and do the google?
ReplyDeleteOne more thing.Do you have a problem with home schooled people?
ReplyDeleteAre you suggesting home schooling should be outlawed?
Do you consider home schooled people inferior to you?
No, just the stupid right wing cretins like YOU clown
ReplyDeleteIs there a congressman named Dodd?
ReplyDeleteCould be, I've never met him.
ReplyDeleteI'm sorry for taking up your valuable time, I know you're a busy man?
ReplyDeleteI'll try to get the info myself.
But crusty I have things to do son,
ReplyDeleteEnjoy your mental masturbation son.
Now you go and bad mouth the worlds cretins.
ReplyDeleteDoes'nt their feelings concern you at all?
You guys must be bored.
ReplyDelete:|
Talking to a fire hydrant like that.
I can see why a man slipping into the throes of DEMENTIA is getting some votes though.
ReplyDeleteDid you guys see him today? Confusing Spain with Mexico? lol
I tell you, get him sweater and a rocking chair and a nice green pasture.
He's done.
The scary part is, if he wins, when they declare him unfit and invoke the 25th, we'll have Mary Tyler Moore running the country.
ReplyDelete:o
Have you ever listened to the callers on the Limbaugh show? Fascinating group of mindliess drones they have there "Mega-Dittos, Rush, tell me how to think. Tell me what I'm supposed to believe." What's really great is when he plays his fake commercials parodying the Democrats and the idiots listening think the ads are real.
ReplyDeleteWhen St Louis ran out of flu serum a few years back, I sent him an email asking if his housekeeper could score us some but he never responded.
BARTLEBEE said...
ReplyDeleteThe scary part is, if he wins, when they declare him unfit and invoke the 25th, we'll have Mary Tyler Moore running the country........................"
Uhh its like real frrickin scary to think that Barbie from Fargo could be frickin runnin our country.
BARTLEBEE said...
ReplyDeleteI can see why a man slipping into the throes of DEMENTIA is getting some votes though.
Did you guys see him today? Confusing Spain with Mexico? lol
I tell you, get him sweater and a rocking chair and a nice green pasture.
He's done...................."
Uhh i say we like send that senile deranged bastard to the frickin glue factory, instead of puttin him out to pasture.
Did you guys like hear that deranged goon sayin the frickin economy is strong, people are like frickin losin their jobs and their houses and that frickin elitist moron is sayin things are fine.
My friend was gonna like lose her house, till i moved in and split the rent with her, too frickin bad i like still have a lease for my apartment till the end of October and have to eat two months rent at two frickin places, it'll be frickin ugly this year, at least i'm like startin up another dance class next month and will have more cash comin in for Christmas.
But yeah the economy is frickin great thats why people are like losin their jobs and homes all over the frickin place an i'm like workin 3 jobs with no health insurance and startin up another dance class to make it.
Anyone like hear President Shit For Brains say he's frickin watchin the economy today, yeah he's frickin watchin it go down the drain.
ReplyDeleteI doubt seriously the polls are as close as Johnny's MSM buddies are insisting they are.
ReplyDeleteThey're trying, hard, to get inside your head and convince you there's no hope. They'll fail.
Man, I read through all that time Crusty spent trying to be clever, and now my head hurts.
ReplyDeleteYou can't lipstick a pig and make it into Marilyn Monroe, idiot. Why don't you and the rest of the 'tards realize that you can never sound like you have half a brain?
Panic, Consolidate, Game Over
ReplyDeleteby Jim Willie, CB. Editor, Hat Trick Letter | September 18, 2008
Print
We are in historically unprecedented times. The foundation is being laid for a default of USTreasurys in the wake of the greatest regulatory failure in modern history, and the collapse of the US financial system. Anyone who cannot see that suffers from poor vision, chronic nostalgia, low mental wattage, a paycheck from Wall Street, a post in financial press media, or owning an Economics advanced degree. So many changes come with each passing day, not week, that it boggles the mind. Many of us predicted $100 updays for gold, and we almost saw one. The wheels came off the US financial wagon long ago, but only now that fact is being recognized. The monetization largesse finally has gone beyond the corrupt bailouts of fraud kings on Wall Street. My longstanding forecast has been that when the monetary inflation machinery spits output beyond the sanctimonious walls of the Wall Street whorehouses, INTO THE MAINSTREAM, that the gold price would rise substantially. That process has begun, starting with Fannie Mae & Freddie Mac, and now moving to AIG. Only when phony money floods the system where people live, not where the elite conmen with strangehold control the counterfeit processes, will gold shine. So many unexpected upcoming events will occur, enough to make a forecaster dream. Let’s begin with the most important. Much more details are provided to Hat Trick subscribers.
RAIDS OF INDIVIDUAL ACCOUNTS
This is so important a topic, that it deserves top billing!!! Hidden inside the AIG bailout funding package, surely hastily cobbled together, but carefully enough to include a totally corrupt clause, was a handy dandy clause that permits raids. The conglomerate financial firms are permitted at this point to use private individual brokerage account funds to relieve their own liquidity pressures. This represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process. Finally the corrupt USGovt and corrupt Wall Street houses are desperate enough to put into policy, stated by the US Federal Reserve, outlining the authorized raid of your money. Beware. A good route would be to remove your money, start a subscription here, and open a GoldMoney account, then purchase physical gold or preferably silver with my offered discount. That cannot be taken from you, and will rise 5x for gold and 10x for silver in the next two to three years. The actual evidence for legalized stock account raids by the financial firms can be found in recent articles in Financial Times and Wall Street Journal. So this is not a wild claim. The September 14th article on the Wall Street Journal entitled “Wall Street Crisis Hits Stocks” was the first exposure.
The runs on US banks are in progress. See Washington Mutual, where private email messages have been shared by WaMu bank officers. WaMu alone could deplete the entire Federal Deposit Insurance Corp fund for bank deposit coverage. Eventually the FDIC will compete for USGovt federal money for bailouts and nationalizations. Eventually, bank deposits will not receive 100 cents per dollar, in a compromise. Next the bank runs will push banks into failure, at a time when stock accounts are under raids, without broad public knowledge.
GOLD TAKES LEAD IN CURRENCY WORLD
Did anyone notice that on Wednesday the 17th, gold was up big, like over $50, silver was up big, like over 70 cents, but the USDollar was essentially flat, even up a smidgeon? By afternoon, the gold rise intensified, and the USDollar fell hard. THE MESSAGE IS CLEAR: GOLD IS LEADING MOVEMENTS IN CURRENCY PRICES. The world did flock to the USTreasurys, surely led by mangled confused central bankers who have lost control. However, gold is finally being seen as a safe haven. It will become highly amusing to observe a clueless cast of corrupted minds attempt to explain why gold vaults past the 1000 mark, and why silver vaults past the 20 mark. They will offer up reasons, and if lucky, they will touch on at most three or four of the twenty relevant reasons. Their confusion includes observation of the decline in the crude oil price. Their eye is off the monetary panic.
Moral hazard is just an obstacle to be side-stepped in such times. Today, Bill McCullum of PIMCO actually said “We should not give one thought to inflationary consequences.” He was referring to gargantuan rescue packages and now global lending lines to central bankers. And people wonder why gold shot up $80 yesterday, and why silver silver shot up over $1 yesterday. PREPARE IN THE VERY NEAR FUTURE FOR GOLD TO RISE OVER $100 ON SUCCESSIVE DAYS, AND FOR SILVER TO RISE OVER $2 ON SUCCESSIVE DAYS. Inflation is soon to be seen as the remedy to prevent monetary collapse. Gold just hit 900, and silver has reached 12.70 today. The euro has risen 500 basis points just since Friday morning. Gold is not rising sharply due to inflation concerns alone, although plenty of monetary inflation is set to continue flying through the money pipelines. THE REAL REASON WHY GOLD IS RISING IS FOR THREAT OF SYSTEMIC FINANCIAL FAILURE CENTERING IN THE UNTIED STATES.
What factors are key to gold rising? Perhaps because the US financial system is imploding. Perhaps because the USGovt nationalization demands are accelerating. Perhaps because the threat of default for USTreasurys is seen as inevitable, even imminent. Perhaps because nitwits who have highjacked the White House and USMilitary are planning something truly reckless on the military front in Iran. Perhaps because the US Federal Reserve is depleted and secretly insolvent, even as they put word out of an INFINITE BALANCE SHEET. Perhaps because enormous demand has come in physical gold & silver, despite the low price set by corrupt US PaperHangers. Perhaps because fear has entered the room globally.
CONSOLIDATION AMONG THE DEAD
The financial firms are not just dead, they are corrupt to the core. Perhaps one or two Wall Street firms will be left standing in a year or more. Has anyone figured out why foreign pursuit of Wall Street firms is blocked? Partly because foreigners cannot assess the value of such complicated opaque assets, intertwined within nests of acid pits. The other reason is that US banking authorities wish to keep the protected corrupt evidence within the Manhattan fold. The South Koreans wanted a piece of Lehman Brothers, the best pieces. But they would have had access to evidence needed eventually in criminal prosecutions. See the KfW case of €300 million theft, possibly soon to emerge against Lehman crooks. The German insurance titans wanted a piece of AIG, the dead insurance giant. But they would have been handed access to evidence of extreme vulnerability or criminality. Why were officers at Lehman permitted to remove box after box from their building, when it should be treated as a crime scene with yellow cordon tape? The answer has to do with the Fascist Business Model, the merger of state with business, where the syndicate facilitates fraud in deep collusion.
Why did Morgan Stanley stock go down hard after they announced early their quarterly earnings? Possibly because nobody believes they are honest. Morgan Stanley might be kept afloat longer, so as to enable theft of brokerage account funds. Lehman does not have private stock accounts, mostly bonds of the acidic type. So Lehman is free to enter the trash heap of liquidation and the de-bone process for assets. Meat is to be separated from bone. John Mack of Morgan Stanley had better be careful, as he appeals for a Chinese role in a merger. That could give the Chinese an important toe-hold in US mortgage bond ownership. They are looking to convert mammoth USTBond garbage paper into hard assets, as a foundation to a possible migration of one hundred thousand to one million elite Chinese, to California, Arizona, Las Vegas, and Florida. It is called colonization.
The moral of the consolidation story is that the dead are marrying the dead. The Bank of America merger with Merrill Lynch struck me as hilarious. Each is dead from insolvency. Each has big counter-party risk from coverage of failed bonds. So they will now serve as each other’s guarantor of counter-party risk? Not in this world! Imagine two fat men absent of musculature tossed overboard a ship. They tell each other, “Stand on my shoulders and you will be fine for breathing in this vast sea.” They both sink. The end game for such ludicrous indefensible consolidation is that the Wall Street fraudulent corporations go down all together. A friend called last night from the analyst community. He wondered aloud that nobody could expect the speed of the breakdown. My response was to point out a strong message mentioned here repeatedly. Since the Bear Stearns bailout killjob merger by JPMorgan, all Wall Street investment banks are aligned in similar fashion, with common bond risk and common counter-party risk. So when one Wall Street firm goes down, several will immediately go down, and AIG is the umbilical cord to the Main Street economy. This point was borne out as wickedly true when the Lehman funding bailout failed. The parties trying to bail them out, offering funds, all found themselves as subject to writedowns immediately. The funds they offered were not available, since the loop of price reality reduced the level of the offered funds!!! That means they are all in the same boat, and if one fails, they all fail. So the system will desperately attempt to avoid any failing. Thus, the entire system fails.
As simple citizens, people should be concerned that the US Federal Reserve and US Dept of Treasury have begun to take actions far outside their own legal powers. The bailout of AIG was made illegally. The USFed cannot act to aid non-bank entities. Senator Jim Bunning has drafted Congressional legislation to limit the USFed action outside the banking realm. The system is losing control, especially with the law.
The parade of doomed deals continues. Talks have begun for JPMorgan taking over Washington Mutual. Could the JPMorgan ‘Garbage Can’ be inadequate soon? Bank of America has entered talks to take over Merrill Lynch, apparently striking a deal. Could BOA serve as the alternative ‘Garbage Can’ next, whose service would be as squire to JPMorgan? Now Morgan Stanley is in talks to take over Wachovia. The disaster du jour today seems to be State Street, which was down over 50%. The dominos are falling. THE MESSAGE IS CLEAR: THE DEAD ARE MARRYING THE DEAD. It is unclear what music to play at such events. My suggestion is something from “Phantom of the Opera” would be apt.
A SHORT ‘TOLD YOU SO’ HERE
The US financial sector became unglued this week. In last week’s article, the point was made that the financial system had just that one week to lift the USDollar, to raid private accounts with games like yanked credit and a raft of paper naked short gold & silver future contracts. Then next week the brown excrement hits the fan. Over the weekend, deals were attempted to be forged into the night. Nobody seemed to ask the question why they were all acting like in an emergency. What emergency? A condition ordered by whom? My maintained point is that the Bank For Intl Settlements ordered the US bankers to fix it or flush it!
Big news was expected from my analysis, and my Hat Trick Letter newsletter. We got it! By the way, AIG was not on the radar for numerous analysts. It was on my radar, a secondary radar. The big banks are primary for my observation and monitor. WE ARE WITNESSING A CONCENTRATION OF RISK, OF RUINED CORPORATIONS, AND OF THEIR ACIDIC BALANCE SHEETS THAT IS SO GREAT THAT THE RISK OF US FINANCIAL IMPLOSION GROWS BY THE DAY !!!
Blame for speculators continues, as nitwit players within the fraud centers accuse others of speculation, and threaten prosecution by their watchdogs on leash. Recent research failed to disclose any collusion or illegal activity in the crude oil market. That does not stop continued claims, with hue & cry. These criminals are pathetic, if not consistent. Just when failed regulation is at the core of the financial crisis, Wall Street conmen and clueless Congressional legislators argue for more regulation and control, when the regulators and controllers deserve prison terms. Instead, prosecute the regulators and controllers, and begin with Alan Greenspan, and his knights of the Stupid Table at the Federal Reserve.
IMPORTANT, please read the following paragrapg from the previous article.
ReplyDeleteJim Willie said "RAIDS OF INDIVIDUAL ACCOUNTS
This is so important a topic, that it deserves top billing!!! Hidden inside the AIG bailout funding package, surely hastily cobbled together, but carefully enough to include a totally corrupt clause, was a handy dandy clause that permits raids. The conglomerate financial firms are permitted at this point to use private individual brokerage account funds to relieve their own liquidity pressures. This represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process. Finally the corrupt USGovt and corrupt Wall Street houses are desperate enough to put into policy, stated by the US Federal Reserve, outlining the authorized raid of your money. Beware. A good route would be to remove your money, start a subscription here, and open a GoldMoney account, then purchase physical gold or preferably silver with my offered discount. That cannot be taken from you, and will rise 5x for gold and 10x for silver in the next two to three years. The actual evidence for legalized stock account raids by the financial firms can be found in recent articles in Financial Times and Wall Street Journal. So this is not a wild claim. The September 14th article on the Wall Street Journal entitled “Wall Street Crisis Hits Stocks” was the first exposure.
The runs on US banks are in progress. See Washington Mutual, where private email messages have been shared by WaMu bank officers. WaMu alone could deplete the entire Federal Deposit Insurance Corp fund for bank deposit coverage. Eventually the FDIC will compete for USGovt federal money for bailouts and nationalizations. Eventually, bank deposits will not receive 100 cents per dollar, in a compromise. Next the bank runs will push banks into failure, at a time when stock accounts are under raids, without broad public knowledge.
The Financial system is NOT anywhere near as sound as GWB and McHoover CLAIM............its looking like the criminal crony fascists that make up the Bush Administration and McHoover campaign and their criminal regulators like Bernanke, Paulson etc... are planning to fleece the unsuspecting sheep.
ReplyDeleteIf you have lots of you assets tied up in stock and bank accounts make SURE you protect your interests because the greedy fascist cronnies sure dont have YOUR best interests in mind.
AMAZING............i just post an article stating that buried in the bowels of the AIG bailout is a criminal clause authorizing and allowing the financial institutions to take your assets without your authorization and use them to try and remain solvent..................OK Bart and Clif I know you guys dont have stock accounts but this is akin to allowing wallstreet or a bank to take your house, borrow money against your house or use it as collateral without YOUR KNOWLEDGE OR PERMISSION to serve THEIR INTERESTS AND KEEP THEM SOLVENT.
ReplyDeleteNO ONE KNOWS ABOUT THIS and this is going to allow Wall Street and the banks to fleece middle class Americans before they know what hit them just like the Enron criminals did............Once there is a run on the banks and they are ALL bankrupt it will be TOO LATE to ever get your money back and the FDIC is just about bankrupt if you've got your head in the sand relying on that your a FOOL............they will either be forced to pay cents on the dollar or else the government cronnies will print insane amounts of money and what they pay you will only be worth cents on the dollar after Inflation rages and destroys the middle class.
What I posted is a revelation and nothing but crickets............If I were you guys i'd protect myself and close ANY non essential bank accounts, and pull your money out of any non retirement brokerage accounts that wont cost you big penalties and i'd take that money and but non perishable food, cloths, cars, motorcycles, electronics, and guns and bullets.................before they become ALOT more expensive because our dollars are gonna become worthless toilet paper.
ReplyDeleteThe Fed is turning to inflation to try and inflate their way out of ANOTHER Great Depression by robbing the middle class..............JUST AS I PREDICTED 3 years ago.......DONT get screwed protect yourself BEFORE ITS TOO LATE!
Oh and Lydia, your right the Polls were NEVER close thats the Reich Wing liars gearing up for one more attempt to try and steal this................if that DOESNT work the story in October will be the McHoover campaign imploding!
ReplyDeleteIt looks like the discredited Reagan Philosophy of the Government is ALWAYS the problem just got SHOT in the head, by REALITY ...
ReplyDeleteIt took a LARGE bailout of the lassie fair attitudes on Wall Wtreet by the UNITED STATES congress, they will have to authorize this hand out to wall street, COMBINED with regulations to get the wall streeters to stop pissing all over themselves.
It looks like regulations ARE needed to stop wall streeters from crashing the system because of their uncontrollable greed.
Wall Street is NOT rejecting the idea of getting bailed out, they VOTED with their buying of stocks yesterday they were selling.
They jumped back in when Washington and London stopped short selling, because a few REAL greedy wall street players were crashing major institutions to make a quick buck.
I guess the right wing can stop worshiping Ronnie, because today proved HE WAS WRONG,
1. Washington is NOT always the problem.
2. Regulations do help especially the ones which keep greedy from scamming the system for their own greed, but to the detriment of the rest of us.
3. Lassie Fair ends up in total fiascoes,
a. It happened in 1929,
b. It just happened again,
Wanna bet if the clueless fooles start screeching to gut regulations, and start scamming the system like they have done since Alan Greenspan pushed interest rates down at the very same time Phil Gramm set up the ability to push world wide scams which came very close to collapsing the entire worlds investment economy, and froze up the entire planets banking system?
I guess Milton Friedman was as big a foole as we always said he was.
Because this is the result of what he pushed.
Now since the childish philosophy you clowns have followed have resulted in TWO wars with no end in sight, and almost crashing the entire planets economic system, will ya just admit you right wingnuts were WRONG all along then STFU.
Mike i told you quite a while ago I didn't trust the peoplem scamming the system for their benefit,
ReplyDeleteI always figgered they would screw the people just like their forefathers did in the late 1920's, remember the fooles screeching to get the conditions we just experienced KNEW that the great depression was a result of what they pushed for this time.
The difference was instead of Hoover putting his fingers in his ears and stomping his feet, people is Washington did something BEFORE the complete collapse happened.
BTW the fine folks at automatic earth don't see the pony in the stinking pile of toxic waste on Wall Street yet;
The Automatic Earth
Ilargi: You just bought yourself a country. Congratulations. Yes, don the party hats!! Bring out the 'easy' dancing girls! You know you want to, and by Jolly and Jove, we all know you deserve it. Well done. Who'd have ever thunk?
Of course, like everyone else, you had your hopes and dreams as a kid, but feel free to admit it, you never thought you’d make it this far. Plus, it’s not just any country you bought, either: it gets better all the time: you thought you were buying America, but you got something much much better: you are now the proud owner of Bulgaria-on-the-Hudson.
While you’re enjoying your new riches and dancing stark naked in the streets, and good on you, mate, don’t forget to start drinking. I know it’s early, but trust me here, this is a special occasion. Very special. In fact, I strongly suggest you get as drunk as you possibly can, and as fast as humanly possible. Don’t bother with beer or some girly bubbly, this time around you got to hit the harder stuff. Trust me. And stop worrying about the hangover: your new country doesn’t either. You acquired a faith-based casino.
When I think you’re hammered enough not to feel much of anything anymore, when you're soundly immune to any and all kinds of pain and reality, I’m going to have to fill you in on a few marginal details that are marginally wrong with your recent purchase:
1. You already owned the country.
Yes, bit of a bummer, makes you wonder where the money went that you paid for it, doesn’t it? Yeah, have a drink.
2. You can’t afford it.
Come on, you knew all along that all your plastic maxed out long ago. I suggest a scotch.
3. It’s broke.
What exactly were you thinking you would get in return for your investment? There’s nothing there. Drink, stop thinking, it’s a done deal.
4. It’s in debt so deep it’ll take the next 10 generations of your offspring to pay it off.
Yeah, I know, this one goes straight over your head, you were just planning to enjoy it for the moment, and you’re pissed to the tits anyway, so let’s move on. You do need a refill.
5. It’s full of nut cases and whack jobs.
One Flew Over The Nest, and the rest refuse to leave. That might be a bit of a downer, but I’ll let you deal with it when you get out of your stupor. Hey, you bought the place, not me.. You pour this time.
6. They have no laws
Well, they have them, but the wackos in charge change them on the fly, so that’s the same as having none. And nobody protests. Yes, that’s right, open another bottle.
7. It’s not just financially bankrupt, it’s also morally bankrupt
Look, wherever a bunch of losers manages to make everyone else pay for their losses, you can’t really keep up the pretense of any sort of moral standard, can you? I mean, I don’t know if this is oligarchy, or corporate fascism, ot just plain anarchy, but I do know it’s nothing to do with democracy. No, you're right, might as well pour me one as well. Make it a double.
The US government wants to get rid of people who call their banker friends on their greed and stupidity. Check, there go the short sellers. And they want to get rid of their banker friends’ gigantobehemoth debts. Check, the taxpayers now own them. Or will Congress vote no? Don’t hold your breath.
These guys are not trying to solve a crisis, they’re trying to keep their made men’s profits and shovel the losses into the public coffers. And you’re letting them do it. While everyone watches Sarah Palin’s blaring incompetence, the things that matter today, small things such as your children’s future, get ignored entirely. How long did you say you've been drinking?
What is short selling anyway ? Look, in our culture, vultures have a bad name, and maggots even more. But any biologist can tell you they have an essential function in nature. Without them you’d end up with a disease ridden world like you wouldn’t believe. Short sellers have that function: they clean up what dies.
Vultures spot dying animals, and circle above. Simple. Take them away, and you’re spreading disease. What the SEC did today obliterates the rules of nature as much as the rules of the market. Vultures don’t take on healthy animals any more than shorters take on healthy companies. They make sure companies can’t indefinitely fool you into thinking their alive and kicking. It’s not as if the media will let you know....
Yesterday I likened short selling to fielding a defense unit in a football game. It’s fine by me to change the rules of the game so that you play with attackers only, but you can’t do that in the middle of the game, and for one team only. That’s just sore loser territory, and it kills the game, and nobody will come, so you have no ticket or TV sales, and then you have no team left, nor a game.
What will happen is easy to predict: stocks will rise for a few days, perhaps spectacularly. Everyone who’s short financials has to cover their shorts, hence buy the stocks. When that’s all done, there’ll be a long eery silence, with hardly any trading, and dead hedge funds plastered all over the place. But the losers won’t have to show their dirty underwear, at least for now.
You know, I think maybe I should start drinking myself, instead of trying to assess what is going on here. I mean, what are we talking about when all the rules can be changed and turned on their heads from one moment to the other, just to make sure a bunch of fat assed born losers don’t have to pay their losses? Whatever I say can be useless in five minutes. It’s a nice day out, I’ll grab a bottle and a glass and sit in the garden. This stuff makes me despair.
It’s declaring war on your own people.
Looks like he still don't think this will end well.
Cause we ain't the only ones going thru this;
In Russia, officials suspended stock-market trading for the second-straight day as the Russian government promised to inject $20 billion to halt a collapse in share prices. In China, government officials directed purchases of bank shares and encouraged companies to buy their own shares in efforts to prop up a falling market.
I wonder if Paulson and Bernanke are gonna buy their toxic debt also?
1929 is the example we most often cite because most of us knew someone that had to live through it, but Depressions are a natural, recurrent part of "conservative" economics. In America, they've been happening once every three decades or so since the start of the nation; tha later 1870s, in terms of severity, was a lot like the 1930s. A Depression in the 1820s led directly to President Andrew Jackson's "war with the banks" in the 1830s.
ReplyDeleteWingtards, much like their libbercon compatriots, seem to be missing the capacity to learn from mistakes made. If you burn yourself on a hot stove, according to THEM you should stick your hand right back up there.
In case 'all have missed this one.... I have to direct you to check out Johnny's Minority Outreach Rally for tomorrow. How can it fail to win minorities over, with the lineup he has scheduled?
ReplyDeleteDow climbed up huge again today.
ReplyDelete368 points. We've gained back already 2/3rds of what was lost.
Thats good news.
bart, I think it'll give all that back, and then some, when it becomes clear that Chimpy won't gather the revenues that will be needed to pull this off. He's not about to go to the people who stole all this money and ask them to give any of it back.
ReplyDeletePerhaps but lets all have a little hope, can't we?
ReplyDeleteBARTLEBEE said...
ReplyDeleteDow climbed up huge again today.
368 points. We've gained back already 2/3rds of what was lost.
Thats good news."
GOOD NEWS????????
Clearly you and EVERYONE else on this blog failed to grasp the magnitude of what i posted............you say good news, the FED inserted a criminal clause into the bowels of the AIG bailout document in the dead of night, to authorize and legalize stealing/using people's assets, their life savings with out their knowledge, consent or authorization JUST like they inserted similar criminal clauses into bills legalizing and authorizing torture, spying on American citizens, seixzing assets, authorizing pre-emptive war, or imprisoning people indefinately without cause or fair trial.
It appears the people without stock accounts are fairly compacent on this issue..............Tell me Clif and Bart would you guys be ignoring this issue if the FED tried to authorize and legalize corporate America to take or use your house or your business for their own self interests without your knowledge, consent or authorization?
BARTLEBEE said...
ReplyDeletePerhaps but lets all have a little hope, can't we?"
There's a big difference between hope and puting your head in the sand if things were stable or in decent shape the government wouldnt be sneaking clauses into the bowels of a bailout plan during a crisis to authorize and legalize taking someones life savings for corporate America's self interest without the owners knowledge or consent.................this tactic sounds VERY familiar to me the Bush cronnies and Robber Barrons used it after 9/11 to sneak in similar clauses authorizing and legalizing torture.
Sorry old buddy, but i seem to remember YOU being livid when the repugs legalized the spying and warrantless wiretaps so the Bush cronnies couldnt be prosecuted.
To clarify i'm not assigning you or Clif an opinion or saying you agree with or support this legislation..............i'm just astounded none of you guys has come out and STONGLY condemned it.
We've moved one step closer to a fascist police state...........that doesnt inspire much hope in me!
ReplyDeleteSource: Infowars - Kurt Nimmo
ReplyDeleteI knew there was a good reason not to “play” the stock market. Jim Willie writes for Kitco today:
Hidden inside the AIG bailout funding package, surely hastily cobbled together, but carefully enough to include a totally corrupt clause, was a handy dandy clause that permits raids. The conglomerate financial firms are permitted at this point to use private individual brokerage account funds to relieve their own liquidity pressures. This represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process. Finally the corrupt USGovt and corrupt Wall Street houses are desperate enough to put into policy, stated by the US Federal Reserve, outlining the authorized raid of your money. Beware.
In the olden days, this sort of thievery resulted in a rope, a tree, and a horse scared out from under the perpetrator. Now? The government in cahoots with the Fed actually helps the bankers steal the money.
The Financial Times admitted as much on September 14, when it wrote: “The Fed also suspended rules that prohibit banks from using deposits to fund their investment banking subsidiaries.”
As the Naked Capitalism blog notes, this is the opposite of the “narrow banking” that resulted in the wake of the savings and loan rip-off. So called “narrow banking” requires “banks to invest depositors’ funds only in the very safest assets,” but now the sky’s the limit as the bankers are going wild with your money, that is if you are stupid enough to be in the stock market.
Naked Capitalism turns to an email from a former bank regulator on the topic:
I worked as a senior supervisory analyst at the Federal Home Loan Bank of New York in the late 80s/ early 90s when the FHLB (and later the Office of Thrift Supervision) were cleaning up the S&L mess. In reading of this development, I am speechless. The whole point of our job was to minimize risk to the deposit insurance funds, and our bosses really drummed that one into our heads….
The Fed seems to be enabling the very things it should be standing against. If he felt that Treasury needed to subsidize the Merrill takeover Paulson should have asked Congress for explicit appropriations of finite funds. The 23A [Section 23A of the Federal Reserve Act] suspension will make it hard for us to know how much is being risked, at what odds, and for how long. It is a blank check issued under the table.
I’m no expert on such matters, but it seems obvious what is going on — the Fed and Paulson are opening the floodgates and taking down the hurdles — as minimal as they were — safeguarding depositors. It’s brazen thievery on steroids.
“All too often both bankers and regulators get overconfident during economic booms. However, if the regulators can’t tighten the ship even during a crisis like this one we are lost.”
Tighten the ship? Seems the ship was long ago hijacked by pirates and they are now stripping the rigging, the mizzenmast, the rudder, transom, everything down to the floorboards, the works. Soon we’ll be crammed into a dinghy and sent to face the ravages of Mother Nature.
You can almost hear the smarmy yuppies whining and gnashing teeth as their brokerage accounts are savaged.
It is short comfort to a much larger calamity.
Hey Bart, check this out, that snotty little Right wing buffer troll Will is calling you out
ReplyDeleteJihad THIS, Bartlebee
This comment has been removed by the author.
ReplyDeleteHa ha, thats pretty funny Mike.
ReplyDeleteWhy doesn't he just debate me in here?
ReplyDeleteWhat he thinks I'm going to help him prop up his comment count?
McSame is spinning so hard he;es going to screw himself into the ground.............thats why he's plummetting in all the polls.
ReplyDeleteThats EXACTLY what it is Bart..........the trolls been trying to lure me over to that hole in the wall slum by insulting me too...........i usually have better things to do than slum.
ReplyDeleteHe's right that they have no "official" published doctrine on their website, but go to any of their churches and listen to what they say.
ReplyDeleteIts what they preach from the pulpit, along with a lot of other really crazy stuff.
Look at that one pastor Palin was tauting praises on. Turns out he organizes witch hunts. Not figuratively mind you. Real Witch Hunts.
They're kooks.
Bats in their belfry's.
Bonkers.
I wouldn't let that woman manage my checking account. I sure as hell don't want her managing our country.
She's a KOOK.
A class A NUTJOB.
Wouldnt be much of a debate anyway...........ALL he does is erect dishonest strawman arguments dodge real question and whine and call names...............he couldnt debate his way out of a wet paper bag if his life depended on it....................i've dismanted that idiot..............have you seen the incoherent gibberish that halfwit posts?
ReplyDeleteAs for the economy thing above Mike, we're talking about 400,000,000 people.
ReplyDeleteJust because we want to play gotcha doesn't mean we can afford to gamble with losing it for all of them.
And theres a far cry from letting a bunch of people temporarily get away with doing things that everyone knew they were doing, and accepted, and disbanding the 4th Amendment.
At the end of the day, would you rather be able to feed your family and put a roof over their heads, or sleep in the street with only the knowledge that a few scheisters got punished left to comfort you?
Mike said...
ReplyDeleteWouldnt be much of a debate anyway...........ALL he does is erect dishonest strawman arguments dodge real question and whine and call names...............
Speaking of debates, you know where Obama messed up?
When McCain challenged him to those town halls.
He should have looked at McCain right there on camera and said, name the time and the place pal.
I'll be there.
That would have shot him way ahead in the polls. And he would have clobbered McCain to boot.
What Obama needs to beat him is an open forum. Unscripted. Where they can respond to audience questions and challenge each other.
ReplyDeleteAll Obama has to do to win is corner McCain. Ask him stuff.
Like, "how would you spell John McCain".
I'm serious, watch. I've been watching Olberman this week and he's confirmed my theory inadvertantly about McCains Dementia.
This week McCains confused so many facts that I am confident he couldn't spell his own name on camera if challenged.
He's gone. Dementia's set in.
If Obama's smart, he'll debate him any time, any where.
Bart even the american enterprise institute is saying she has peaked and is dropping which means with st johnny's foot in mouth week they ain't doing too good.
ReplyDeleteAlmost game, set and match at this point. St Johnny showed that he could get a good serve or two before he crumbled ..... he didn't seem to be on his game this election cycle.
Here is how 538 see's it about now;
But the fact is that Obama is in a stronger position now than he was immediately before the conventions.
And St Johnny can't pull another Palin outa his keister.
Obama 303 McCain 235, which is about where it was before the conventions started.
ReplyDeleteAnd let Biden have a crack at Palin.
ReplyDeleteholy crap thats going to be funny.
What Biden needs to do is not be smug, but be like a "professor".
Treat her like the comparative child she is. Hit her with facts, and figures and watch her babble.
Palin was asked today whether the Vice President is a part of the Executive Branch.
ReplyDeleteShe refused to answer.
:D
I mean OMG!
Its like they nominated Buffy the Vampire Slayer.
ReplyDelete:|
ReplyDeleteOnly Buffy's smarter.
I NEVER said ANYTHING about punishing ANYONE.................i'm against making it LEGAL to raid people's life savings in their stock accounts and i'm AGAINST bailing out ONLY Wall Street and the banks.
ReplyDeleteI KNOW Many of these institutions NEED to be saved to keep the financial system from imploding BUT CONSIDER THIS Why ONLY BAIL OUT WALLSTREET?
Consumer Spending is 70% of the economy dont you think it would prop up the economy just as much if not MORE if we bailed out American consumers as well................have you considered saying that if we wipe out 25% of consumer mortgage debt only on the mortgages aquired by other companies aquired by other companies it would give people equity real and substantial equity stakes in their homes so they wouldnt walk away from them and let them sink into forclosure and drive more home prices down........plus they could tap that equity if needed.
I think instead of bailing out EVERY SINGLE bank and Wall Street firm somewhat so all the firms are on life support but its questionable if they are strong enough to survive and loan with out repeated injections of money...............lets bail out a few key firms and make sure they are sound and have plenty of money to loan at low interest rates...........we NEED to make sure these companoies are healthy and are loaning to people at reasonable interest rates.
Further we need to write down the value of these assets...........including peoples homes..........you revalue people's homes at a 30% lower valuation and their taxes go down 30% and they have more money to spend as well.
I like what Bernie Sanders said;
ReplyDelete(4) We must end the danger posed by companies that are "too big too fail," that is, companies whose failure would cause systemic harm to the U.S. economy. If a company is too big to fail, it is too big to exist. We need to determine which companies fall in this category and then break them up. Right now, for example, the Bank of America, the nation's largest depository institution, has absorbed Countrywide, the nation's largest mortgage lender, and Merrill Lynch, the nation's largest brokerage house. We should not be trying to solve the current financial crisis by creating even larger, more powerful institutions. Their failure could cause even more harm to the entire economy.
Anyone see Peter Schiff dismantle that repug idiot John Fund............the repugs are full of confusion thery dont know weather to spew the repug free market, no regulation, personal responsibility rhetoric or to flip flop and suddenly support taxpayer funded bailouts, increased regulation, bigger deficits etc..........thats why McHoover is taking both sides of every issue and flip flopping so violently he's getting dizzier than his running mate.
ReplyDeleteHere here Clif............we need to gut these conglomerates and empire like a fish.
ReplyDeleteAnyone see that Lars Larsen jackass..........i'd like to knock that snotty little Hannity punk into next week.
ReplyDeleteMike said...
ReplyDeleteI NEVER said ANYTHING about punishing ANYONE.................i'm against making it LEGAL to raid people's life savings in their stock accounts and i'm AGAINST bailing out ONLY Wall Street and the banks
ok ok, I didn't see that. Of course I'm against that.
:|
Dude.
But I don't want my home devalued either. Screw the tax drop. Its a pittance and they'll just raise the rates.
I agree we can't bail out everyone but this idea they came up with has some promise.
It worked in the 1980's, when the Gov created the Resolution Trust Corporation, which did stabilize the markets during the Savings and Loan crisis.
And something similar enacted during the great depression by President Hoover called the Reconstruction Finance Corporation, which while not as successful it did help, and almost ALL of the loans were paid back, meaning it did drive the economy and stablize the businesses. It also paved the way for "The New Deal".
While I don't like Bush it doesn't mean I don't want to see him do something right. And this step seems to me to be a good idea. It worked well during the Savings and Loan crisis and it should work here. And the price tag while it sounds big, we'll, hell, we owe China 10 times that much.
:|
And we spend more than that on the Iraq war.
If it will stabilize the market, and it already has helped restore the DOW and the Nasdaq from this weeks crash, then its got my vote.
Mike said...
ReplyDeleteAnyone see Peter Schiff dismantle that repug idiot John Fund............
John Fund is the E-PIT-O-MEE of a smug master race thinking neocon.
I cannot stand him.
So no, I didn't see it, but wish I did. Especially since Richard Schiff was the amazing Toby Zeigler.
Where'd you see it?
Bart, Peter Schiff not Richard Schiff
ReplyDeleteCNN Bart
ReplyDeleteThe Resolution Trust idea is one of Paulson's better ideas..............i'm not against that and i just threw that 30% devaluation out there as an idea for some who live in areas like Florida and California who have lost 30% of their value.............of course people will sell their house for what ever is believed to be fair market value and assed value has little to do with fai market value in my opinion.........i've seen the assessed value vary by plus/minus 20% to the fair market value.
ReplyDeleteThe only thing about a trillion dollar bailout Bart is that it will cause inflation to rage and trash the dollar and the dollars you get paid back with will be worth far less than the ones that were lost...........if they get paid back 80 cents on the dollar in 10-15 years..........that could equal 10 cents on the dollar when adjusted for inflation.
ReplyDeleteLike I said protect your self and buy your clothes, cars, motorcycles, electronics, and stock up on non perishable food NOW...........because if you dont these things will cost a TON more several years down the road..........after the dollar falls those cheap chinese and japanese or Korean manufactured goods wont be so cheap anymore.
clif said...
ReplyDeleteBart, Peter Schiff not Richard Schiff
Oh, lol.
Mike said...
ReplyDeleteThe only thing about a trillion dollar bailout Bart is that it will cause inflation to rage and trash the dollar
Inflation is sure. More likely increased taxes though. As for trashing the dollar the dollars already trashing itself.
This plan if it works will re-value the dollar by instilling foriegn confidence and making our securities good.
We have to find a way to pay for it.
ReplyDeleteThey could legalize pot I guess. The tax subsidies alone would balance the budget in the first year.
Plus, it would get the American farmer off of welfare.
They could also try some emergency "sin taxes".
ReplyDeleteI'd have no problem paying an extra 50 cents for a 6 pack of beer, or an extra dime for a DVD or something.
Sin taxes when done correctly can work wonders.
BARTLEBEE said...
ReplyDeleteWe have to find a way to pay for it.
They could legalize pot I guess. The tax subsidies alone would balance the budget in the first year.
Plus, it would get the American farmer off of welfare."
WOW.............I thought the EXACT same thing...........Great minds aye???????????
Mike did you catch Larry King?
ReplyDeletePoor widdle Ben Domenech's head was exploding while they talked about st Sarah and her insane preacher's witch hunts.
Seriously, thats EXACTLY what i thought legalizing pot and taxing it and raising the sin tax on cigarettes and booze...........would be a great way to help ease the tax burden on Americans and rebuild the economy!
ReplyDeleteMike said...
ReplyDeleteWOW.............I thought the EXACT same thing...........Great minds aye???????????
Or stoned ones, lol.
:D
Yeah, I caught it Clif...........I really like Stephanie Miller a lot, she kind of reminds me of Lydia, and that other Left wing guy was good too............they kicked the crap out of those repug jackasses!
ReplyDeleteFunny you speak about apying for this,
ReplyDeleteBernie had an idea;
I only posted part of it,
Here is all of it;
In my view, we need to go forward in addressing this financial crisis by insisting on four basic principles:
(1) The people who can best afford to pay and the people who have benefited most from Bush's economic policies are the people who should provide the funds for the bailout. It would be immoral to ask the middle class, the people whose standard of living has declined under Bush, to pay for this bailout while the rich, once again, avoid their responsibilities. Further, if the government is going to save companies from bankruptcy, the taxpayers of this country should be rewarded for assuming the risk by sharing in the gains that result from this government bailout.
Specifically, to pay for the bailout, which is estimated to cost up to $1 trillion, the government should:
a) Impose a five-year, 10 percent surtax on income over $1 million a year for couples and over $500,000 for single taxpayers. That would raise more than $300 billion in revenue;
b) Ensure that assets purchased from banks are realistically discounted so companies are not rewarded for their risky behavior and taxpayers can recover the amount they paid for them; and
c) Require that taxpayers receive equity stakes in the bailed-out companies so that the assumption of risk is rewarded when companies' stock goes up.
(2) There must be a major economic recovery package which puts Americans to work at decent wages. Among many other areas, we can create millions of jobs rebuilding our crumbling infrastructure and moving our country from fossil fuels to energy efficiency and sustainable energy. Further, we must protect working families from the difficult times they are experiencing. We must ensure that every child has health insurance and that every American has access to quality health and dental care, that families can send their children to college, that seniors are not allowed to go without heat in the winter, and that no American goes to bed hungry.
(3) Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999. That means re-regulating the energy markets so that we never again see the rampant speculation in oil that helped drive up prices. That means regulating or abolishing various financial instruments that have created the enormous shadow banking system that is at the heart of the collapse of AIG and the financial services meltdown.
(4) We must end the danger posed by companies that are "too big too fail," that is, companies whose failure would cause systemic harm to the U.S. economy. If a company is too big to fail, it is too big to exist. We need to determine which companies fall in this category and then break them up. Right now, for example, the Bank of America, the nation's largest depository institution, has absorbed Countrywide, the nation's largest mortgage lender, and Merrill Lynch, the nation's largest brokerage house. We should not be trying to solve the current financial crisis by creating even larger, more powerful institutions. Their failure could cause even more harm to the entire economy.
wingnuts heads will explode, but after this crash and bailout, and their losing the election, they are gonna explode anyway.
Exactly Mike. Sin taxes are a huge boon to restoring the federal coffers. Bush just has to sell people on them. The booze distributors and tobacco companies will blubber but if people get behind it it will work.
ReplyDeleteAdd a surcharge to brokers and their on stock buys and sales and the money could be gained quite fast.
ReplyDeleteWe NEED smart people with creative out of the box solutions that benefit the overwhelming majority of mainstream Americans not just the privliged few................we need solutions not repug rhetoric and dishonest talking points that have their origins in failed policies based on greed and corruption that only serve the interests of a few elites and harm the overwhelming majority of Americans.
ReplyDeleteclif said...
ReplyDeleteAdd a surcharge to brokers and their on stock buys and sales and the money could be gained quite fast.
As long as its moderate and done correctly that might work.
But if its too big, it will stifle trading and thats the last thing we need.
I know you like your St Pauli Girl Clif, but you can afford another 50 cents a sixer, lol.
Bart I don't drink alcohol, don't smoke either, sorry but your sin taxes will miss me.
ReplyDeleteParty pooper.
ReplyDeleteHave been for over two decades,
ReplyDeleteSpent the money on motorcycles instead, own three Harleys and a 77 Truiumph Tiger, probably won't have to buy any more of them either.
Clearly, the people who Chimpy transferred all that wealth to are going to have to give some of it back. The rest of us are tapped out, and the Chinese aren't going to front us that kind of jack.
ReplyDeleteMcCavein won't do anything but try to funnel them even more money, of course. At least the McCavein of YESTERDAY won't. I'm not too sure where he stands TODAY.
reconstitutionjr said...
ReplyDeleteClearly, the people who Chimpy transferred all that wealth to are going to have to give some of it back. The rest of us are tapped out, and the Chinese aren't going to front us that kind of jack.
McCavein won't do anything but try to funnel them even more money, of course. At least the McCavein of YESTERDAY won't. I'm not too sure where he stands TODAY.
He probably screwed himself 6 feet into the ground from spinning so hard JR...................BTW, its probably hard to tell which direction he's facing since he has 2 faces just like he takes both sides to every key issue he flip flopd on..........probably why he's allegedly dropped close to 15 points in the polls.
McHoover is going to show us the best way to lose an election.
clif said...
ReplyDeleteHave been for over two decades,
Spent the money on motorcycles instead, own three Harleys and a 77 Truiumph Tiger, probably won't have to buy any more of them either.
I don't drink or smoke ciggarettes either but I did when I was young. And I still managed to purchase several motorcycles, including my 76 Trident.
clif said...
ReplyDeleteBart I don't drink alcohol, don't smoke either, sorry but your sin taxes will miss me.
Well I think we'll manage without you on that one clif.
A huge portion of America does, and the tax revenue on just a 50 cent sin tax can amount to a huge figure over a year.
If they were honest
ReplyDeleteI wonder if the Supreme Court agrees with this section of the Paulson idea for socializing the cost of Wall Street greed?
ReplyDeleteText of Draft Proposal for Bailout Plan
"Sec. 8. Review.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
Wanna bet they decide section 8 IS unconstitutional?
Wanna bet the Secretary of the Treasury can't sit outside the US constitution, just like the Supreme Court told Bushie he couldn't?
Why do republicans always want their ideas to be outside of the US constitution, and NOT subject to review by the courts for legality or constitutionality?
Why do republicans always want special privileges?
Because when they LOSE in November they will want any Sec of the Treas appointed by Barack Obama to be subject to the US constitution and review by the courts.
If the republican's want this language, then the congress should make the act effective Jan 29th 2009 .... and see if Mr Paulson is so excited about the language then.
Alaska town opens 'road to nowhere'
ReplyDeleteStill without a bridge, Alaska town gets its 'road to nowhere,' thanks to US taxpayers
Alaska now has a Road to Nowhere going to what would have been the Bridge to Nowhere.
Alaska Gov. Sarah Palin's transportation department has completed a $25 million gravel road leading to the site of a bridge that Palin, as John McCain's vice presidential candidate, now boasts that she stopped, so as to save taxpayers money. The road was built with federal tax dollars.
[I guess her NO THANKS, really doesn't mean no thanks]
Ketchikan Mayor Bob Weinstein said the 3.2-mile road will be useful for road races, hunters and possibly future development. But with no bridge to serve it, that's probably about it.
"I think it will be good for recreational things like a 5K and a 10K," Weinstein said. "And instead of people walking through brush, it may be used for hunting in the area."
Palin repeatedly tells campaign crowds she said "thanks but no thanks" to Washington when it came up with $400 million for a bridge linking Ketchikan to an island with 50 residents and an airport. In fact, she turned against the bridge only after it became a national symbol of wasteful spending and Washington had backed off financing the project.
Roger Wetherell, speaking for the state Transportation Department, said the road opened several days ago might someday get people to and from Gravina Island after all, if cheaper designs for a bridge become a reality. Meantime, it opens access to land development, he said.
McCain opposes the pet projects that lawmakers in Washington wring out of the federal budget for their constituents in the form of special spending, or earmarks. He's railed for years against the bridge, doing more than anyone to make the nickname Bridge to Nowhere stick. And as his running mate, Palin talks about how she killed the bridge project and "championed reform to end the abuses of earmark spending by Congress."
She supported the bridge during her campaign for governor in 2006, then pulled back state money for it a year later, after Washington had pulled the plug.
[ ... and every time she tells the lie Keith Olbermann donates $100 to the Special Olympics in Alaska, since St Sarah CUT funding for that]
Alaska received about half the bridge money anyway, on condition it be used for other things. Palin's predecessor and the Legislature redirected all but $60 million in 2006 to other projects, and Palin has left the remainder untouched, to be used eventually to improve access to the island, her spokeswoman has said.
[ more of the NO THANKS really doesn't mean no thanks]
The airport is separated from its users by a quarter-mile-wide channel of water, forcing travelers to catch either a ferry or a water taxi for a 15-minute ride. Ketchikan, seven blocks wide and eight miles long, is Alaska's entry port for northbound cruise ships that bring more than 1 million visitors yearly.
What I find MOST interesting is the Alaskan government gets BILLIONS form the oil corps, that they hand out to their citizens in sort of yearly rebate checks, while begging form more money per person from Congress through their right wing republican senators and congressman and of course the lobbyists who work on Alaska's behalf then any other state.
It seems the right wingers from Alaska have had congress "bailing them out" for many years before Wall Street got into the act.
Alaska has the lowest individual tax burden in the United States, and is one of only five states with no state sales tax and one of seven states that do not levy an individual income tax. To finance state government operations, Alaska depends primarily on petroleum revenues and federal subsidies.
So the Alaskan people DON'T pay their bills THEMSELVES, they make others do it for them, and St Sarah seems to agree with this type of public financing of Alaska's bills by Congress and the Oil Corps.
Right wingers like "duncetron" claim to live in the socialist state of Illinois, BUT really Alaska seems to fit that moniker much closer then any other state in the union.
This would make Sarah Palin the governor of the most socialist state in the union.
But you NEVER hear any of the right wing complain about that.
I wonder why?
Sorry Link
ReplyDeleteIt is horrible when you look at all the hateful faces of the fascist right. McCain's face is downright fearful. Palin fits right in and I kept looking at it this morning thinking that. Hate, intimidation, and war is all that matters. It is mind boggling.
ReplyDeleteOn a side note I haven't seen Larry around in a while is everything all right?
mcLOSER is a senile drewling old goon and Obama's gonna make that frickin deranged moron look real frickin stupid, it'll be like Einstein debating a senile Brittny Spears.
ReplyDeleteSara
ReplyDeleteI certainly expect that and I hope we are both right. I think the scum will lay himself bare and people will see the difference real quick despite McCain's childish lying idiocy!
I predict McCain will give a quick, clear and concise answer, then Obama will give a long winded nuanced introspective whilst staring at the lines on his hands and afterward they'll have to wave smelling salts under the audiences nose to wake them up.
ReplyDeleteYou all will give great applause to Obamas well thought out and brilliantly detailed plans, and worship him as god.
The rest of us will go WTF? and vote for McCain in November as the only person who made any sense...
And while your on the subject of "hateful faces" here's one of your own:
ReplyDeleteLeftie Comedy...
McCain is the biggest liar since Bush and is just what they need to keep this mess going!
ReplyDeleteSo "making sense" to you Voltron, is voting for the guy who by his own admission "isn't very good at economics"?
ReplyDelete:|
Don't you ever get tired of being stupid?
That twit Sara Palin is like a religious wack job, she's a frickin religious throwback an a goon kinda like Voltron an his conservotard goon squad, only diffreence is Sara Palin an her pastor from Wassilla are like throwbacks an regigious wack job zealots schemin for power from the 1600 Witch trial craze, Voltron and his troglodyte frickin goon squad are only like Vietnam era throwbacks kinda like a watered down frickin Encino man or somthin.
ReplyDeleteThese frickin goons wanna paint Obama as a muslim extremist check out this shit about Sara the twit's witch hunting church that will do frickin anything for power
Please read the NEW BLOG THREAD
ReplyDeletePost comments there please
thank you!
God Bless you
LC
an average patriot said...
ReplyDeleteSara
I certainly expect that and I hope we are both right. I think the scum will lay himself bare and people will see the difference real quick despite McCain's childish lying idiocy!......................"
I'm with ya dude, the only thing is I see mcLOSER's frickin idiocy as more senile than childish.
Sara
ReplyDeleteI agree but sadly people believe the lying shit. My wife just got back and her girlfriend likes the Neanderthal Palin and she is voting for McCain because Obama can't talk without a teleprompter.
What the hell is wrong with people? I can't friggen wait for the debates and for the contrast when they face each other. I hate those lying Bastards!
Average Patriot, like none of the girls my age support that Twit, the only like women that support that goon, make that either goon are the old ones who are like clueless an ignorant and prolly half frickin senile themselves.
ReplyDelete