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Category 6 has moved! See the latest from Dr. Jeff Masters and Bob Henson here.

LIVE streaming Tea Party DC Mard vid

By: moonlightcowboy, 2:37 PM GMT on September 08, 2009

LIVE - streaming video from the Tea Party march on Washington.

...it takes a few seconds to load, but fine after that.





Is this a DEPRESSION?

Congress is coming back and will now make every effort to pass some sort of massive, ineffective and incredibly costly healthcare bill. And, this was all very strategic - with back to school, football, etc - much of the family focus will turn away from the evening news and Congress will slither back into Washington to do their handiwork with less watching eyes.

Lots of other things going on in the world of economics as well - gold busting the $1,000 mark, the dollar's value sliding, more UN talk of adopting some new world currency and most likely I think we can expect to see some northwards movement in energy prices as well.

Keep in mind - the key word here is "unsustainability" and that is where the attentiom must turn. Again, imo, there can be no "jobless recovery" with 500,000 losing extended UC benefits and that total expected to climb to 1,500,000 by eoy. In years past that total has never reached even 50,000. Yet, the POTUS and his sorted entourage with their ultra-left liberal agenda insists on loading up future generations with gargantuan amounts of debt with which we have no ability to repay - not now, nor anytime in the foreseeable future. They refuse to and are incapable of addressing the concerns that must be addressed - growing the economy by renegotiating or revolking our crippling trade agreements - the only way to grow the taxbase without loading more and more burden on fewer and fewer hard-working, tax-leveraged citizens.

Things must be done to encourage economic growth and expansion. There must also be some very serious, very pain-staking measures taken to cut spending. Yet, "The Messiah", his adminstration and the Congress are considering none of these. In fact, every measure they are taking produces exactly the oppposite of what this country needs! Certainly, it makes me wonder - no, really, it exposes and confirms their socialistic agenda to remake what we've known as the "land of the free" into something we no longer recognize.

...the following is a blog of our friend, Mish, with a plethora of supporting articles and other links.

Depression Debate - Is this a Depression?

In 1929 Versus 2007: Employment Change Barry Ritholtz posted a chart of unemployment with a comment: "This chart makes it pretty clear that the current recession is no Depression"

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Actually the chart does not make anything clear other than unemployment is not as bad now as during the great depression. Given that no definition of the word depression was made it is certainly unclear whether or not we are in a depression.

- Does one define a depression in terms of unemployment alone? If so what is the cutoff?
- Do we include U-3 numbers as Barry did or should we use U-6? Is U-6 even accurate?
- Do we count unemployment the same way now as during the great depression?

The answer to the latter is no, and anyone 16 years old without a job in 1930 was considered unemployed.

Comparing Recessions

Here is a chart from Calculated Risk with my forward assessment on jobs.

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Does that chart depict a "recession" or something else? If something else, do we have to keep saying the "worst recession since the great depression" or is it a "depression"?

Others have posted charts saying this was not a depression because GDP growth will not drop to -10%. Is that the definition of depression?

Point blank there is no official definition of the word.

I think one needs to look at a number of factors including GDP, unemployment numbers, duration of unemployment, consumer spending, asset prices, housing prices, consumer prices, treasury yields, wages, consumer spending, bank failures, foreclosures, etc, to make a reasonable determination.

Here's the deal.

- The US is in the midst of the steepest decline in home price on record.
- Short-term treasury yields went negative and are still close to zero.
- Long-term treasury yields hit record lows.
- Foreclosures hit record highs.
- The stock market had the biggest collapse since the Great Depression.
- U-6 unemployment is a whopping 16.8% and still rising.
- The PPI (producer price index) had the biggest drop in 59 years.
- The CPI is at -1.3% is declining at the fastest pace since 1950 according to government calculations. The real CPI by my calculations is -6.2% (See What's the Real CPI? for details).

U-6 does not count recent graduates looking for a job but living at home in search of one. It also does not count self-employed real estate agents who have not made a sale in a year. However it does count all the "self-employed" selling trinkets on Ebay making $200 a month or less. I do not have totals for that, but structural unemployment plus structural underemployment is likely North of 20%.

One does not see any of that that in the first chart. Nor does one see falling wages, the likelihood of Structurally High Unemployment For A Decade, massive bank failures, Food-Stamps Reach 33.8 Million in April, 5th Consecutive Monthly Record, or the ongoing commercial real estate bust with One Sixth Of All Construction Loans In Trouble.

These are characteristics of a depression, not a recession. It's time to stop pretending otherwise.


Mish takes a long hard look at many factors. And, while it may not technically be a depression or depression in every aspect; but, nor do I imagine that every aspect was depression-like in the 30's either. There are a few things undeniably certain - the taxbase is shrinking, the economy is not expanding. We are borrowing and spending exponentially more than we ever have in the history of all administrations combined. We have no real plan to regrow our wealth as a nation; and subsequently, have no means to service the interest on our debt, much less "pay" debt principle! That has to change! And, we must also cut the size and scope of government. Without both of these measures the country will continue to slide irrevocably down a dark path.


Please help DEFEAT CAP & TRADE in the US Senate here!




...seems the tropics are hardly over at this point near peak of season!

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We're reaching the peak of the 2009 Hurricane Season on September 10th, so, there is more than 1/2 the season remaining - a longs ways to go yet; and, things are definitely heating up! Hopefully, through awareness and preparedness there will be little injury and loss of life. Even the threat of a storm causes much anxiety for many. Despite all the damage that may occur to property, injury can be prevented and lives can be saved.

Get a plan, if you don't have one! Take it seriously. Have a plan "B" and be ready to execute. Talk with your neighbors. Call your friends and relatives and discuss plans with them. Remember the elderly, indigent and handicapped. Remind them all of safety precautions and evacuation plans. Have a destination and a second possible destination. Exchange plans, numbers and destinations. Ask others to pass the idea around.

Of course, local authorities will be the best resource for information and action plans. Listen to them and encourage others to listen as well. These small efforts can have a large effect on the safety of peoples lives. You can make a difference! "Awareness, Preparedness and Safety" should be the game plan! Your comments and suggestions are welcome. PLEASE, feel free to still comment on politics and other news happenings in addition to the weather.

MLCgoodnight4.gif

MLC <----------------says, "Thanks in advance and have a good one!"


BLOG RULES: Simple - Keep it absolutely civil towards fellow bloggers. And, don't get heavy on the partisanship - it's quite obvious that corrupt, petty, inept, greedy, power-lustful politicians are plentiful on both sides of the aisle. It's ok to take jabs at them - either party, any official or candidate; but, leave the total "blame game" out of this - it's ALL of them, everyone! If you think otherwise, then you probably don't want to bring it in here! Informational and news statements (not weather related - PLEASE FOLLOW OFFICIAL FORECAST AND ADVISORIES!) in this blog by me are generally backed by valid and usually corroberating links. Newcomers are welcome to this blog but are scrutinized more heavily until I discern the nature of their posting habits. Regulars have more leeway even with large and differing opinions, provided their posts are not made with any personal attack or similar innuendo. Otherwise, those who have not proven themselves to me (and that's all that matters) may be considered pot-stirrers, trolls or ban circumventors and are subject to being banned without warning. The ban may be relieved at anytime at my discretion pending review of the blogger's posting history and perspective in other blogs - should I see them. This is an adult blog for the maturely vested, not a juvenile hall or playground. Adults who act like young, irresponsible children will be asked to leave or be banned - all others are VERY WELCOME! :)

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The views of the author are his/her own and do not necessarily represent the position of The Weather Company or its parent, IBM.

Reader Comments

Quoting Ossqss:
I hope this message finds you well, all.

MLC, a post labor day directional change perhaps :)

A recent synopsis.

http://www.newmajority.com/obama-caught-in-a-hurricane-of-his-own-making

http://www.newmajority.com/obama-caught-in-a-hurricane-of-his-own-making

Is anyone else becoming tired of this? We made it so as a country, don't forget that !



Quote --

Any of these moves alone would mean nothing, together they create an unmistakable picture. There are simply not enough liberals in the United States of America to govern as Obama has in the last 8 months. A Thermidorian reaction is building.


L8R


E X C E L L E N T read, Oss. Thanks.
Terrific new article by Thomas Sowell

http://www.realclearpolitics.com/articles/2009/09/08/what_obama_says_vs_what_he_does.html
Another excellent piece, FTG. Thanks.

But, I for one, will NOT be listening to a LIAR on Wednesday night - at least not one from the Oval Office!
Quoting FormerTigergirl:
Terrific new article by Thomas Sowell

http://www.realclearpolitics.com/articles/2009/09/08/what_obama_says_vs_what_he_does.html
Good article Tigergirl...
This initiative still stays under the radar, but will be hammering the rich tax cheats in the near future. Knees shaking again in Hollywood and DC. Safe havens are dropping like flies. LoL

Monaco says will sign tax deal with US


How about a new IRS theme song? LoL



U.S. to Get Secret Bank Account Info from Monaco


2nd UPDATE: Swiss Govt: IRS Lodges Request For UBS Data

Swiss Deal With I.R.S. May Hide Some Tax Cheats


I wonder if the prior link has anything to do with our POTUS playing golf, while on vacation, with the Chairman and CEO of UBS Americas?


Who is Obama playing ball with?

Seems typical!
Say something that sounds fairly good. Then the end result is completely different.

This about sums it up.

"Above the entrance to UBS's headquarters in Zurich is a bust of the Greek god Hermes -- not only the fleet-footed messenger of the gods, but also the god of thieves and merchants. The symbolism is striking. Whether or not Wolf won his golf game against Obama, UBS has clearly scored a hole-in-one."
Treasury says millions more foreclosures coming

WASHINGTON (Reuters) - Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.

Barr said that "even if HAMP is a total success, we should still expect millions of foreclosures" as administration and industry efforts continue to stabilize a crisis-stricken housing sector.

Treasury said that 47 loan servicers have signed up for the loan modification program initiated by Treasury. But the Treasury report showed 21 had modified less than 5 percent of eligible troubled loans and several had not modified any.

Barr said a strong housing market was "crucial" to a sustained U.S. economic recovery and noted that analysts say more than six million Americans are at risk of foreclosure in the next three years.

"Much more remains to be done and we will continue to work with other agencies, regulators and the private sector to reach as many families as possible," Barr said.
Oil pushes higher on weakening US dollar
Oil continues to push higher on weakening dollar as investors eye OPEC meeting

NEW YORK (AP) -- Oil prices pushed higher for a second straight day Wednesday on continued weakening of the U.S. dollar and as investors awaited the outcome of an OPEC meeting that is expected to result in no change in production levels.

Benchmark crude for October delivery climbed $1.15 to $72.25 a barrel on the New York Mercantile Exchange.

On Tuesday, the contract jumped $3.08 to settle at $71.10 as the dollar fell to a low for the year against the euro.

Because crude is priced in the U.S. currency, it essentially becomes cheaper when the dollar falls.

"This is all about the U.S. dollar," Jim Ritterbusch of Ritterbusch and Associates said of the rising price of oil. "As the dollar stays weak, oil goes up."

The 16-nation euro rose as high as $1.4600 in morning trading, its highest level this year. The dollar fell to its lowest level since last September against a basket of six major world currencies that includes the euro, yen, Canadian dollar, British pound, Swedish krona and Swiss franc.



I'm expecting to see this trend continue. $100 bl price by eoy would not surprise me.
From today's agorafinacial (and what I've renamed the) 5 minute economic hope debunker...

Could the Chinese be buying up those new mortgages? Maybe not yet, but China’s sovereign wealth fund leaked yesterday that it is eyeing distressed U.S. real estate. The $300 billion China Investment Corp. is rumored to be in talks with U.S. private equity firms, looking to pick up U.S. commercial real estate on the cheap. They are also supposedly interested in the government’s Public-Private Investment Program (PPIP), where they could be financed by Uncle Sam to buy mortgage-backed securities from troubled U.S. banks.

Heh… we might lend money to China (already our biggest creditor) so they can buy our homes (which we can no longer afford) so that our banks (which the government owns) can stay in business. It’s a mad world.


9. homegirl
We all know it is far from over....mad world is an understatement.
and...

“If they [the Fed] keep printing money to buy bonds, it will lead to inflation,” bemoaned Cheng Siwei this week, the former vice chairman of the Chinese Communist Party. “After a year or two, the dollar will fall hard. Most of our [Chinese] foreign reserves are in U.S. bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen and other currencies.”

Heh, could it get any more straightforward than that?

“Gold is definitely an alternative,” he continued, “but when we buy, the price goes up. We have to do it carefully so as not to stimulate the market.”

“We have direct testimony,” concludes Byron King, “from a high-level cadre that China, while cautious, is a key driving force in the gold market. It’s buying. The implication is that the Chinese will not overbuy gold, which may be why the yellow metal has hovered just below the $1,000 mark per ounce in recent weeks. At the same time, it’s more than likely that China will buy gold whenever there’s a price dip.

“The significance is that the Chinese seem to be prepared to establish a floor under any correction in gold prices. This limits the downside for well-positioned gold miners, like those in the Outstanding Investments’ portfolio.”


You mean, the Chinese are DOOM AND GLOOMERS?
9 - They see this coming homegirl, some blue light specials in their future -

Quote - Nationwide, default rates are up and getting worse. "Fitch, the rating agency, recently put 17 percent of all CMBS [commercial mortgage-backed securities] loans on its watch list," Mullen says. "We're about to get slammed. Congress and the public may not have the appetite for doing a commercial real estate bailout right now."

Commercial real estate tsunami remains on track, attorney says
You know that if this was currently a Republican administration, in this economic mess, the MSM nightly would be pounding us with news videos of the homeless, and people lining up at food banks....

Where are all those news videos and pictures at NOW MSM???
Banksters - it's ALL CRIMINAL
Who will be our Margaret Thatcher in 2012?

http://www.time.com/time/time100/leaders/profile/thatcher.html
Fed survey shows US recession may be over

WASHINGTON – Economic activity is stabilizing or improving in the vast majority of the country, according to a new government survey, adding to evidence that the worst recession since the 1930s is over. The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow again in the current quarter.
Quoting Ossqss:
They see this coming homegirl, some blue light specials in their future...


Only one thing wrong with that statement - the word "future" needs qualifiying - how about "near" future. No doubt,it's coming.
It's not hard to see the multiple, severe problems we're facing as a result of massive borrowing and spending with no means to service the debt's interest or reduce principle. Any rhetoric past that simple, very obvious truth is only "smoke and mirrors" and foregoes dealing with the issue, preferring to make matters worse, lying to the American people and puts our sovereignty in extreme jeopardy.
“Gold is definitely an alternative,” he continued, “but when we buy, the price goes up. We have to do it carefully so as not to stimulate the market.”

That speaks volumes! Anyone not listening simply refuses to hear truth.
And this continues to haunt us. Minor in comparison to other things but still there just the same.
------------------------

WASHINGTON - Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday.

The Congressional Oversight Panel did not provide an estimate of the projected loss in its latest monthly report on the $700 billion Troubled Asset Relief Program. But it said most of the $23 billion initially provided to General Motors Corp. and Chrysler LLC late last year is unlikely to be repaid.

Quoting conchygirl:
And this continues to haunt us. Minor in comparison to other things but still there just the same.
------------------------

WASHINGTON - Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday.

The Congressional Oversight Panel did not provide an estimate of the projected loss in its latest monthly report on the $700 billion Troubled Asset Relief Program. But it said most of the $23 billion initially provided to General Motors Corp. and Chrysler LLC late last year is unlikely to be repaid.



That confirms what many of us already suspected, but I don't think it surprises anyone.
US Fires Opening Salvo In Trade Wars With China

The last thing the US needs now is a trade war, with anyone. We have already upset Canada, and now have our eyes set on China.

Yesterday, with a decision on tires and steel pending, China warned the US 'Trade wars' are counterproductive.
Top Chinese diplomats in Washington on Tuesday warned against "trade wars," as President Obama faces a looming decision on whether to erect barriers against the import of Chinese tires.

"Trade wars between China and the United States is the last thing that our two countries need right now," said Xie Feng, deputy chief of mission for the Chinese Embassy in Washington.

The Obama administration currently is facing a decision on whether to impose tariffs against Chinese tires, following the recommendation of the U.S. International Trade Commission. The president has until Sept. 17 to decide.



We'll see if he leans on the side of the campaign rhetoric which helped elect him, or secumb to the Chinese, America's generous benefactor and holder of our debt. I suspect we already know how this will play out, unfortunately for us.
So china is cranking up distribution of tires and undercutting the competition.
Is China "dumping" the tires on the market via Gov subsidies?
That would be illegal.
Or is it just the bloated unions just calling in campaign chips to protect themselves?

"The United Steelworkers of America, the union that represents many of the 8,000 American workers who it says have lost or will lose their jobs because of competition from Chinese tire production, called Tuesday for the White House to go further than the ITC recommendation and impose a tariff of higher than 55 percent."
Or is there something else I am missing?
yo MLC do you want to join my Fantasy football league?

League ID#: 923282
Password: Football
Quoting spathy:
So china is cranking up distribution of tires and undercutting the competition.
Is China "dumping" the tires on the market via Gov subsidies?
That would be illegal.
Or is it just the bloated unions just calling in campaign chips to protect themselves?

"The United Steelworkers of America, the union that represents many of the 8,000 American workers who it says have lost or will lose their jobs because of competition from Chinese tire production, called Tuesday for the White House to go further than the ITC recommendation and impose a tariff of higher than 55 percent."
Or is there something else I am missing?


Spathy, my thinking is moot of the unions. This is about "American jobs" and creating our own wealth here in this country - period. If China can dictate to "us" what the price of goods are, then we should be able to dictate to them what "their" labor costs should be.

I am not for anything, any country, any circumstance or policy that continues to steal American jobs and wealth.
Additionally, when did the POTUS get such authority and power over these kind of decisions? It is being reporteded that "The Messiah" has until September 17th to decide whether he is going to side with the union or with China on this issue.

This is too much executive power regarding economic policy and should reside within policy adopted by and overseen by Congress and approved by the American people.
Hey, Oss! 150 auditors? Are these the folks that break legs? ;P


Lesson in democracy from Honduras

Is the future of the United States democratic system being played out in Central America today? We can only hope so.

In a nut shell, this is what has happened in Honduras during the past few weeks.

Honduran President Manual Zelaya had been at odds with the Honduran Congress and Courts for many months, seeking to increase his power and
authority to levels similar to those wielded by Hugo Chavez in Venezuela. But according to the Honduran Constitution, its president can only serve a
single four year term. With his Presidency coming to an end in January, Zelaya wasn't happy with that situation, so he decided to try an end around
play.

He decided to sponsor a constitutional referendum to allow him to continue to serve as president. The only problem is, the Honduran Constitution
doesn't give him the right to do that. Any constitution referendum must be called by the Honduran Congress. Not bothered by that minor detail, Zelaya
contacted his buddy, Hugo Chavez, and had ballots printed and ballot boxes prepared in Venezuela and flown to Honduras. The Honduran Supreme Court
declared Zelaya's actions unconstitutional, but again, he was not deterred.

When Zelaya directed the military to distribute the ballots and boxes, the top military commander refused, citing the orders of the Supreme Court.
President Zelaya promptly fired him. The Supreme Court ordered him reinstated. Zelaya refused.

Still undeterred, Zelaya led a group of his supporters to break into the military installation where the ballots from Venezuela were being stored and
then had his people distribute them in defiance of the Supreme Court's order. By the way, elections in Honduras are supposed to be managed and
overseen by the Honduran Election Tribunal, which was not involved in any of Zelaya's efforts.

Acting under orders of the Supreme Court, the Honduran military dragged Zelaya out of bed at 6 AM, arrested him, put him on a plane in his pajamas,
flew him to Costa Rica, and released him. They literally threw him out of the country.

The Honduran Congress immediately met in emergency session and designated its president as the interim executive as stipulated in Honduran law. It
also said that presidential elections set for November will go forward.

Honduras has one of the strongest democracies in the world. When Presidential elections are held, typically 80-90% of the eligible population
votes (compared to only 50% in the U.S.). This situation clearly shows how democratic checks and balances are supposed to work.

When the President tried to overstep his bounds, the legislative and judicial branches stepped in and did not allow it. You might make a case
that Zelaya should have been arrested and held in Honduras, but I understand he was exiled in order to minimize the probability of violence. Obviously,
he will have an even better opportunity to state his case while not in confinement. In fact, he has already been invited to address the U.N. General Assembly.

So where does the U.S. government stand on this situation? Well, Obama stands shoulder to shoulder with Hugo Chavez, Fidel Castro and Daniel Ortega
in calling for Zelaya to be re-instated as President! President Obama said the U.S. government believed the takeover was "not legal" and that Zelaya
remained the country's leader! U.S. press secretary Robert Gibbs said "We're seeking to restore that democratic norm in Honduras, and haven't changed the
recognition of who we believe is the president of that country"!

So much for the United States being the world's biggest supporter of democracy! Even worse than the situation in Iran, where Obama remained
silent while protesters were slaughtered in the streets by an oppressive government, in Honduras Obama has gone on record as calling for the
re-instatement of a leader who has been ousted by his country's legislative and judicial processes!

One might ask WHY?

Well, consider this;

No where in the U.S. Constitution does it give the government the power to fire private company employees. But how many bank and automotive executives
have been forced out by Obama's administration since January 20th?

No where in the U.S. Constitution does it give the government the power to own private companies. So how did the government end up owning 70% of
General Motors Corporation?

No where in the U.S. Constitution does it give the government the power to set salaries in the private sector, as Obama's administration is currently
doing in banks that have taken TARP money.

No where in the U.S. Constitution does it give the executive branch the power to appoint Czars to make rules governing private industry, that role
is reserved for the legislative branch of our government.

No where in the U.S. Constitution does it give the President the power to set aside contracts. So how did GM bond holders end up getting the shaft
while the unions profited?

In fact, all of these things are prohibited by the U.S. Constitution.

Like Zelaya, Chavez, Castro, and Ortega, President Obama does not believe a country's Constitution should limit his power.

Unfortunately, our Congress and our Courts have yet to show the courage and determination that the Honduran Legislators and Supreme Court have
shown.

Isn't it amazing that we have to look to a small country in Central America to see how democracy is supposed to work, while our President sides
with the likes of Zelaya, Chavez, Castro, and Ortega!

--

Don R. Sherwood
7334 South Meadow Court
Boulder, CO 80301
(303)516-1366 (303)516-0321 (F)
DRSherw@attglobal.net
29. P E R F E C T L Y stated, Nadia. Thanks for posting that.
As if Obama standing on the side of communist leaders isn't strange enough...

HOW IS THIS HAPPENING?

Link

Isn't there a very good reason for a sitting President NOT to chair a UN Council meeting? Like the Constitution????

No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

I don't even know where else to start with this??? There's been NO ONE challenging this decision of Obama's to take this seat?
so we should over throw the gov?...and exile obama...lol
Maybe that section doesn't necessarily stop Obama from taking that seat...as it says he can't accept an offered position without the consent of congress...but that section gives me pause. Also begs the question, if no other President has done this, why does Obama think it's a good idea?
Thank you Nadia for that post....
Quoting moonlightcowboy:
Hey, Oss! 150 auditors? Are these the folks that break legs? ;P


They were already here once not to long ago to check their investments. I am certain they will be back.

Quote - The first U.S.-China Strategic and Economic Dialogue will set the stage for ongoing cooperation on a range of bilateral, regional and global issues.

Translation -- where's my money :)

U.S., China Share Goals at Strategic and Economic Dialogue


Kinda reminds me of this!

LoL !


White House Claims 1 Million Jobs Saved, Created By Stimulus Bill

White House economists said Thursday the Obama administration's recovery efforts have saved or created more than one million jobs so far, a figure certain to draw criticism because the U.S. economy has actually lost about 2.5 million jobs since the stimulus was signed in February.
Quoting JuneB:


White House Claims 1 Million Jobs Saved, Created By Stimulus Bill

White House economists said Thursday the Obama administration's recovery efforts have saved or created more than one million jobs so far, a figure certain to draw criticism because the U.S. economy has actually lost about 2.5 million jobs since the stimulus was signed in February.


What does one expect from a "LIAR?" I mean really - he's the "savior", "The Messiah!" Of course, everything this pathological narcissist does will be deemed as "saving grace!"

"Look what 'I' did" for the country! LMAO! He is only making our problems far greater!

Why doesn't he do something, talk about something really worthwhile - like solutions for creating jobs and really improving the economy, instead of helping to tare it down! Geeesh! What a clown, full of himself! UGH! Cannot stand to hear the man speak!
Quoting toddluck:
so we should over throw the gov?...and exile obama...lol


We should expel the majority of both Reps and Dems that have made lifetime careers and fortunes from having served so long - that's for sure. They've allowed us to get in this mess we're in by "playing" along! Obama will "exile" himself from the Presidency close to 2012. But, there's much work that needs to be done before then. He will NOT be a two-termer! Write it down.
$72 per bl, today. Up 6 cents. Keep watchin' - going higher!
June.
Post #36
And I have saved over ten thousand lives by being a safe driver.
And you cant prove I didn't.
One rule of scientific reasoning. You cant prove a negative.
Spathy-Post #40- yep, I see what you mean about proving a negitive. Pretty slick!

I wish more people would wake up and see this truth:

MLC Quote -
"There are a few things undeniably certain - the taxbase is shrinking, the economy is not expanding. We are borrowing and spending exponentially more than we ever have in the history of all administrations combined. We have no real plan to regrow our wealth as a nation; and subsequently, have no means to service the interest on our debt, much less "pay" debt principle!"
U.S. junk bond default rate rises to 10.2 pct

NEW YORK, Sept 3 (Reuters) - The U.S. junk bond default rate rose to 10.2 percent in August from 9.4 percent in July as the worst recession since the 1930s left more companies unable to pay off debt, Standard & Poor's data showed on Thursday.

The default rate is expected to rise to 13.9 percent by July 2010 and could reach as high as 18 percent if economic conditions are worse than expected, S&P said in a statement.

Default rates have surged from less than 1 percent in 2007 as an economic downturn squeezed corporate revenues and a global credit crunch dried up funding. A 13.9 percent default rate would be the highest since the Great Depression of the 1930s, when it hit 15.9 percent.

August's default rate is preliminary and subject to revision, S&P said.

Eighteen companies defaulted in August, bringing the year-to-date total to 147.

"Credit metrics in the U.S. show continued deterioration of credit quality and restricted lending conditions," S&P said.

In another sign of corporate distress, the rating agency has downgraded $2.9 trillion of company debt year to date, up from $1.9 trillion in the same period last year.

Just $73.6 billion of debt has been upgraded, though that is up from $35.8 billion in the same period last year.

"The bright spot for credit markets amid the current economic downturn is an increase in new issuance," S&P said. Junk-rated bond sales have grown to $73.6 billion through August from $35.8 billion in the same period last year. Investment-grade issuance has risen to $603 billion from $537 billion, according to S&P.

A reopening of the bond market following last year's credit freeze is allowing companies to refinance debt, keeping defaults lower than they otherwise would be.

(Reporting by Dena Aubin; Editing by James Dalgleish)
Hey, June! How's it going?
A reopening of the bond market following last year's credit freeze is allowing companies to refinance debt, keeping defaults lower than they otherwise would be.

...hhhhhhmmmmmm. Sound familiar? Now, what happens when these companies (even though they've refied their debt) can't make any money? Products and services don't sell? Remember, Bud and Miller? A few weeks ago they announced they were raising prices - an opposite move from the "stagflation" proponents. Higher prices? Sure.

Even without the FED's inflationary help, which btw, is still coming - especially with a devaluing dollar. Everyone is still trying to fill the hold left void - they're filling it with more pomp and circumstance, keeping as "propped" up as they can. The FED is doing it. The governments are doing it. And, corporations are doing it as well. What does this all mean? Ultimately, again, it means higher taxes - more and more burden on fewer and fewer. And, it means higher prices - at least until these companies that are trying to fill the void that way, too, finally realize that the strategy won't work for the long haul. It may work in the very short term, but that is all. As prices, taxes start going up, people will consume less and less...and the void will open wider and wider.

So then, the FED borrows and prints more money - and then, ultimately, real "hyper-inflation" kicks in and everything will finally collapse. The markets will then turn south towards a new bottom again and we will have finally realized our plight and finally begin again, but there will be some dire circumstances and consequences as that happens.
Hey MLC. Doing okay, how about you?

News is depressing, and I am with you on TM. He must think we are drinking the koolaid to believe that "he has brought us back from the brink", as if his stimulus package is a huge sucess.

Someone emailed me this today:

Yes, we need to turn HC over to the government, because they are doing so well with SS, oops that's going broke.
Medicare, oops that's going broke.
Welfare, oops that's going broke.
The U.S. budget, oops that's going broke.
The Post Office, oops that's going broke. Cash for Clunkers, oops that's going broke. But, I am sure they will do a great job with HC.

June, I've been so busy, I don't know whether I've found a rope or lost a horse! ;P

That email is "spot-on" - can't see why folks don't see this!
Did the ultimate Obama suck-up write this news piece or what??


Obama advisers: 1M jobs saved or created

WASHINGTON — President Obama's economic advisers estimated Thursday that the economic stimulus package has saved or created about 1 million jobs, drawing immediate criticism from Republicans.

Typical beginning to a liberal suck-up piece - tout the Dear Leader's latest 'accomplishment' while throwing in a jab at those evil conservatives, making it seem the republicans are somehow against 1 million jobs 'saved or created' instead of being against the outright lie the ludicrous statement is.


Christina Romer, the head of Obama's Council of Economic Advisers, said her team consulted other economists for its report to Congress on the likely effects of the $787 billion package of tax cuts, government spending and aid to states. The administration's million-job estimate, while preliminary and uncertain, was "in the middle of the plausible range" of estimates made by independent experts, she said.


You may want to read this bunch of jargon one more time before proceeding just to take in all of that fresh smell of pig excrement.

First, how does a MASSIVE $787 billion government spending disaster equal a 'tax cut' or how can it be referred to as such?!?

Second, is this the level of responsibility we're going to be expected to receive from this administration? Releasing figures of one million jobs 'created or saved' based on 'preliminary and uncertain' figures while there's actually been a LOSS of 2.4 million jobs since the stimulus was signed into law? USA Today doesn't seem to mind running with that lie either, being they made that claim their headline for the article.


"An economy that was in free-fall with a tremendous amount of downward momentum" is now improving in part because of the stimulus package, Romer said.



The GDP is still shrinking and hundreds of thousands of jobs are being lost every month, but this is called 'improvement' by members of this administration. Is it because they'd like to see America fail in every way possible that the constant stream of poor economic data is an 'improvement' for America's standing in their eyes?
It's obvious that things are getting worse, much worse. The official unemployment stands at 9.7% and heading towards double digits (but we all know the REAL unemployment is likely double that figure).
All the government agencies are going bankrupt, including medicare and social security, and will soon be drains on the system, adding ever more money to the unsustainable national debt.


The analysis, required by the stimulus law, supported Obama's June claim that the stimulus had created or saved 150,000 jobs and would create or save 600,000 more by September.

Okay, let me get this straight. Included in the text of the stimulus law was a section requiring an analysis of the stimulus. So we let Obama's 'economic advisors' (a non-biased bunch, I'm sure) perform this analysis and lo-and-behold, they discovered the Dear Leader was not only accurate in his prediction but also was out-performed by the number of jobs created!! Is it any surprise that such a group would find anything other than what Obama said would happen? It's like Kim Jong Il somehow always managing to win every election with 100% of the vote - amazing!!


Republicans called the White House estimate unreliable, pointing to Bureau of Labor Statistics figures showing a 9.7% unemployment rate in August and a net loss of 2.4 million jobs since Obama signed the stimulus law in February. Republican National Committee Chairman Michael Steele called the report "one more example of this administration's use of smoke and mirrors to mask the failure of the Democrats' costly $787 billion stimulus bill."


First statement of fact in the whole article.

Rep. Mike Pence of Indiana, the No. 3 Republican in the House of Representatives, called the White House report "fiction."

"There's no credible evidence it's jump-starting the economy," Pence said.

Romer acknowledged the U.S. economy is still losing jobs and unemployment is likely to hit 10% this year or early next year. She said her team's latest analysis did not estimate what the unemployment rate would have been without the stimulus package.



Look! It's this Romer character again! Wait, is she actually saying now that the economy is 'still likely to lose jobs'? I thought the whole premise of the press conference to shoot off her dung gun was that one million jobs were created or saved since February, but now she's saying we're losing jobs. All this is too confusing, too confusing.
Oh, and are we the least bit shocked that such a thorough analysis put forth by the Obama admin (cause we all know how thorough and transparent and forthcoming his admin has been) would somehow fail to 'estimate what the unemployment would have been without the stimulus package'?

Romer said the White House advisers came up with their estimate using two methods: An analysis of the law's effect on the national economy and employment using historical data and another using a statistical model of the effects of tax cuts and government spending on job and economic growth. Independent economists' estimates and data from other countries that implemented their own stimulus plans supported the administration's conclusions, Romer said.

Great, a statistical model...

Are these the same models that predict we're all going to hell in a hot, fiery, melting, flooded and drought-ravaged hand basket? Don't these models also perform billions of calculations per second? calculations such as what the unemployment rate would be with or without the stimulus? I mean, where did the Obama admin happen to get this chart??



Maybe Romer is simply too embarrassed to admit that the administrations predictions have been way way WAY off target.

It would be nice if the USA Today article would even raise issue with what's being spewed by the administration .
48. U N B E L I E V A B L E!

It's like Kim Jong Il somehow always managing to win every election with 100% of the vote - amazing!!

...are they brothers? I mean, BaRockStar did live on that side of the world for some time! ;)
Photobucket

Healthcare reform? Whoa! Wait! Turn off the TV. Turn off the crap! Skip all the rhetoric from both the White House and the Heartland. Most everyone is overlooking what should be obvious. Remember this one? - "Please, please...don't throw me into the briar patch!" Often the real answer is found in what is NOT said, rather than what is being said.

Two things are indisputable:

(1) Insurance companies = big money, deep-pocket lobbying
(2) Congress = continuous, large depository for these funds.

Now, think about that for just a few minutes. Do you really think Congress is going to pass "anything" at all that is detrimental to the insurance companies? It simply isn't going to happen. If anything passes it will most likely benefit insurance. These companies play the numbers - they can even calculate, right down to the penny, how much a child's dripping sniffle costs while waiting outside for a school bus. Think they aren't "in" on this one? Guess again!

Here's what I suspect - first, the insurance companies will keep the bulk of their current, most profitably-insured business. Next, they will agree to insure the young and healthy because they have virtually no medical problems, and consequently, no claims. And lastly, they will opt out of coverage for the more elderly and less healthy because of frequent and often serious medical issues, and consequently, the largest, costly claims. These pools of uninsured or previously undesirably-insured will all now have government insurance coverage funded by taxpayers.

Insurance companies will rake in new millions in government subsidies and they will be allowed to cut their most draining expenses - all for surreptitiously supporting such a noble cause as "healthcare reform." That, my friends, is likely what the final legislation will resemble in some manner when the story is finally told.

Make no mistake - insurance is alive and well. And, you can bet they've been wining and dining, doing everything imaginable for these Congressmen over the past several months to get what they want. Congress won't technically give Obama what he's been asking for, and like Brer Rabbit, I doubt that is really what he wants anyways. Personally, I think he, like most politicians are in it for themselves and could care less about the uninsured and their health plight. They are playing the same old, tired Washington game - the "Potomac 2-Step" and playing it out, repeatedly, for everyone to see and hear, but only few grasp!

Just like the cunning rabbit in Uncle Remus, in the end, Obama will get exactly what he wants - not what he says he wants. Although, it'll come across as some new compromising, brilliant (perhaps even bi-partisan) cornerstone legislation that served up healthcare reform, rescuing our poor and indigent. Still, taxpayers will be left to foot the bill for yet another bureaucratic government program that is ineffective and inefficient, adding nearly $1,000,000,000,000 to the exponentially-increasing, borrowed federal deficit. And, I think it's also safe to say that we will see these mandates left largely unfunded with more burden falling to the states and, ultimately, to property owners and consumers.

Congress will pass some sort of healthcare reform legislation - count on it! But, rest assured, the benefactor insurance companies will be the rewarded recipients.

All is not what it appears - not even in Obama's "briar patch!"
Remembering the eighth anniversary of the September 11 attacks on New York and Washington; and how after September 11, we all were united and displayed American flags.

However, now we seem to disagree with each other more than ever, and have come to almost hate each other. Politically, culturally, racially, we seem ever ready to go for each others' throats.

Eight years ago, patriotism meant standing up for America, not apologizing for its shortcomings. It is simply amazing how much things can change in only eight years. President Obama thinks the best way to memorialize September 11 is to make it a National Day of Service.

From the Heritage Foundation "Don’t Let 9/11 Become Just Another Earth Day"
Debra Burlingame, whose brother was the pilot of the American Airlines jet that crashed into the Pentagon told the Associated Press: “When I first heard about it, I was concerned. I fear, I greatly fear, at some point we’ll transition to turning it into Earth Day where we go and plant trees and the remembrance part will become smaller and smaller and smaller.”

Thanks to President Obama, that is exactly what is happening. In Oklahoma students will pull weeds, plant flowers, paint benches, and plant a tree. In Minnesota, 100 volunteers will assemble Energy Efficiency Outreach Bags. And in South Carolina AmeriCorps members will serve in a variety of projects, including garden beautification, food and clothing collections, and working with homeless and hungry people.

True volunteerism strengthens our civil society. But federal government involvement undermines, not strengthens, true public service. Instead of coordinating garden beautifications, the federal governemnt should honor the memory of the tragedy of 9/11 by focusing on policies that will make sure it never happens again.

June, the first thing I thought of when I heard Congress appointed 9/11 as a national day of service, I was like...another one? They appointed MLK day a national day of service back in 2004. How many do we need?
Yes HG, seems like a good way to forget what happened. 8 years seems like forever to a child, and already they do not remember, so let's get green and plant a tree. :(
And, I agree we need to make volunteerism a priority again in this country...but for people like me, who have always volunteered, it drives me nuts that people see this as such an amazing new idea. I applaud and support VOLUNTEERING efforts...but this whole notion of required service to country is sickening.
HG - I hate to think this way, but I suspect that this president tries to make everything about him. By turning 9-11 into an earth day, children do good deeds, volunteer, plant trees for praise and to please the president.

I have a step-daughter who teaches 1st grade. I am shocked at her entries in FaceBook about what they are teaching the kids and she thinks it is great. It is Obama Worship and it is nauseatingly scary.
Found this great old video:

round and round we go...the problems don't change, they only get worse...Reagan understood the problems back then and did what he could to help during his time...WHY can't people see this? GOV't is the problem, not the solution!!!!

{{{Cowboy}}}
Quoting Beachfoxx:
{{{Cowboy}}}


{{{BFOXX}}}, dayumed! That sure is one hulluva fine lookin' avatar! ;)
....wow, something I can agree with Larry Summers on at last!


Obama's chief economic advisor, Summers: High unemployment for years

The president’s chief economic adviser warned Friday that the nation’s unemployment rate could stay “unacceptably high” for years to come — a situation that would seriously complicate Barack Obama’s ability to convince Americans that he’s beating back the recession.

“The level of unemployment is unacceptably high,” National Economic Council Director Larry Summers said Friday. “And will, by all forecasts, remain unacceptably high for a number of years.”
Quoting moonlightcowboy:
....wow, something I can agree with Larry Summers on at last!


Obama's chief economic advisor, Summers: High unemployment for years

The president’s chief economic adviser warned Friday that the nation’s unemployment rate could stay “unacceptably high” for years to come — a situation that would seriously complicate Barack Obama’s ability to convince Americans that he’s beating back the recession.

“The level of unemployment is unacceptably high,” National Economic Council Director Larry Summers said Friday. “And will, by all forecasts, remain unacceptably high for a number of years.”


Yea ...keep on shopping at Wal-Mart...it gonna get worse...


Texas Gov. Rick Perry speaks about border security during a news conference on Thursday in Houston.

Texas governor sends Rangers to Mexico border
Perry accuses federal government of failing to "adequately secure" zone


HOUSTON - Special teams of Texas Rangers will be deployed to the Texas-Mexico border to deal with increasing violence because the federal government has failed to address growing problems there, Gov. Rick Perry said Thursday.

"It is an expansive effort with the Rangers playing a more high-profile role than they've ever played before," Perry said of the Department of Public Safety's elite investigative unit.

The forces, dubbed "Ranger recon" teams, are the latest effort "to fill the gap that's been left by the federal government's ongoing failure to adequately secure our international border with Mexico," he said.

The governor early this year asked Homeland Security Secretary Janet Napolitano for 1,000 National Guard troops and renewed his call last month in a letter to President Barack Obama. The request is bogged down over who will pay for the troops and how they will be deployed.

'Boots on the ground'

Perry's announcement Thursday comes amid increasing border violence, particularly in El Paso, mostly involving people with ties to Mexican drug gangs.




....yeah, buddy! BaRockStar is on the job! Geeeesh! LOL, but we can bail out Chryser and let Acorn cronies entertain loaning money to pimps and prostitutes! LMAO! It's a big, ol' goofy world! When did "spending" money on anything ever stop this POTUS? He's playing his political games at the expense of the nation, the people of Texas!
Quoting auburn:


Yea ...keep on shopping at Wal-Mart...it gonna get worse...


I don't shop Wal-Mart, Aub. And, yes, it's gonna get a hulluva lot worse with the Obamination in the White House!




I've blogged on this material several times.
Walmart?-- check this out.....kinda interesting stats !

http://www.snopes.com/politics/business/bigwalmart.asp
Obama is against company's like Wal-Mart
Quoting Ossqss:
Walmart?-- check this out.....kinda interesting stats !

http://www.snopes.com/politics/business/bigwalmart.asp


13. Let Wal-Mart bail out Wall Street.


...absodayumedlutely!
FITSNews – August 1, 2008 – Love it or hate it, the Wal-Mart juggernaut is definitely not a force you want working against you. As such, it’s a good thing that the Democrats have the Messiah at their helm, since the retailing behemoth is angling to squash Barack Obama’s lead.

Wal-Mart has recently set up mandatory meetings, during which its store managers are coached about the importance of defeating Obama in November. The managers are warned of the potential business detriments that may occur if Obama becomes president, the most serious of which is labor unionization.

Specifically, Wal-Mart opposes the Employee Free Choice Act, which like most friendly-sounding laws would actually squelch the freedom that it claims to defend. Currently dangling in congressional limbo, the bill, if passed, would result in the birth of many new unions and the rapid growth of those already in existence.

That Wal-Mart is so purposefully engaging its managers signals the threat that Obama poses to businesses, the continued success of which will in large part determine just how bad the impending recession gets.

We know it’s hip to hate Wal-Mart, but seriously, beggars just can’t be choosers. Wal-Mart provides a paycheck to millions, and rock-bottom prices to millions more. If Obama is elected – and if the EFCA is passed – we’ll literally be biting the hand that feeds us, and that’s not good for anybody. Except, of course, the union leaders, who stand to profit almost as much the congressman who support them.

And speaking of campaign donations, who is Wal-Mart giving to? You’d think, given the companies vested interest in business-friendly legislation, that it would throw all of its weight behind the Republicans. Well, it used to – 98% of its donations went to Republicans in 1996 – but it looks like Wal-Mart is hedging its bets, giving just 52% of donations to Republicans while the rest goes to Democrats.

It seems Wal-Mart may be creating the monster it claims to hate …
Lets see how much money to Acorn for prostitution etc.?
How much money to secure the border?
Get rid of Acorn and kill how many birds with budgetary stone?
Quoting auburn:
Obama is against company's like Wal-Mart


Yeah, right, Aub. He's a liar - that's why he hasn't bothered to make good on his empty campaign rhetoric of revoking or renegotiating the so-called "free trade" agreements that have mortally wounded us!
Quoting auburn:
Obama is against company's like Wal-Mart


You are like the energizer bunny Aub, you keep going and going. That is a good thing and keep it up. You bring much to the table for contemplation, evaluation, stipulation, castigation, condemnation, insinuation, reiteration, and even constipation, and most importantly, participation. :)

Quoting spathy:
Lets see how much money to Acorn for prostitution etc.?


Now, spathy, you know them Acorn folks was being nice to them prostitutin', pimpin' folks - and, you know them folks would be returnin' the "favor" one day! I mean, twasn't their money anyways, right? ;P
...the fracture continues




Activist Jim Pouillon was shot and killed Friday while protesting outside Owosso High School.

PRO-LIFE ACTIVIST GUNNED DOWN IN MICHIGAN


(CNN) -- Authorities have charged an Owosso, Michigan, man with two counts of first-degree premeditated murder in the Friday shooting deaths of an anti-abortion activist and another man, a prosecutor's office said.

Authorities say the suspect, Harlan James Drake, was offended by anti-abortion material that the activist had displayed across from the school all week.

Drake, 33, is accused of shooting anti-abortion activist Jim Pouillon, 63, and Michael Fuoss, 61, who were killed in separate locations Friday morning, the prosecutor's office in Shiawassee County said.
No it aint thems money paw itsa mine money.
Speaking of thems and mine.
We go to extraordinary measures to save water here. We have been getting $250 + water bills. We found our hose on a few times and then put a lock on spigot. Low and behold Water bill this month???
Any guess???
$49 f-----g dollars I could spit nails!!!!!
Bomb Threat Forces Evacuation of DC TEA Party Planners

On the eve of what organizers call a 'Big Ol' TEA Party', the Washington, D.C., offices of FreedomWorks were evacuated by DC Metro police on Friday afternoon after the conservative organization reported to authorities at 3:42 pm ET that it had received a bomb threat.

At 4:48 pm ET, the organization put out a Twitter message saying that it turned out to be a false alarm but the organization is not happy about the disruption.

My colleague, ABC News' Teddy Davis has the story:

Tens of thousands of anti-big government activists are expected in Washington on Saturday as part of a "March on Washington" being organized by FreedomWorks, a conservative group headed by former House Majority Leader Dick Armey, R-Texas.

A FreedomWorks staffer told ABC News that the organization's offices at 601 Pennsylvania Avenue were evacuated on Friday afternoon by DC Metro Police because of a bomb scare.

DC Metro police has confirmed to ABC News' Jason Ryan that the DC Metro police had, indeed, evacuated the organization's offices after being told by the organization that it had received a bomb threat.

The threat came when a man called the FreedomWorks main line and told the organization's female receptionist: "I put a bomb in your building, bitch."
Quoting spathy:
We go to extraordinary measures to save water here. We have been getting $250 water bills. We found our hose on a few times and then put a lock on spigot. Low and behold Water bill this month???
Any guess???
$49 f-----g dollars I could spit nails!!!!!


Dayum! Whoa! Last time there was a leak like that, Noahie built himself a ark! ;)
MLC that was no leak!
That was theft!
Only spigot in front yard!
Theft for two and o half years!
Quoting spathy:
MLC that was no leak!
That was theft!
Only spigot in front yard!
Theft for two and o half years!


What the hell? Stealin' water? That much water? For what? How? You've gotta be kiddin' me!
I thought Jamiekins had left water on. He thought I had left water on. There was a nozzle at the end of hose. So only small drips. We thought no big deal. We put two and two together. Vwala.
Quoting spathy:
MLC that was no leak!
That was theft!
Only spigot in front yard!
Theft for two and o half years!


Never underestimate a Raccoon. They like fresh water also. Spoken from experience. LoL
No MLC come to find out One of our neighbors has no water and no power. Another has no water. I dont dare turn them in.Hay we were robbed the first time the day after the inauguration.
This sounds Racist but it was get whitey.
We are the only white people for many blocks.
Census Bureau Severs Ties With ACORN

The Census Director has sent a letter to the National Headquarters of ACORN notifying the group that the Census Bureau is severing all ties with the community organizing group for all work having to do with the 2010 census.

"Over the last several months, through ongoing communication with our regional offices, it is clear that ACORN's affiliation with the 2010 Census promotion has caused sufficient concern in the general public, has indeed become a distraction from our mission, and may even become a discouragement to public cooperation, negatively impacting 2010 Census efforts," read a letter from Census Director Robert M. Groves to the president of ACORN.

"Unfortunately, we no longer have confidence that our national partnership agreement is being effectively managed through your many local offices. For the reasons stated, we therefore have decided to terminate the partnership," the letter said.

The news follows the firing Friday of two more ACORN employees after new hidden-camera footage showed workers for the group advising a couple posing as a pimp and prostitute how to subvert the law.

Ranking Member of the House Committee on Oversight and Government Reform Darrell Issa (R-Calif.) reacted to the news Friday night, applauding the decision by the Census Bureau.

"ACORN had no business working on the Census. ACORN’s partisan election efforts and its involvement in criminal conduct rightly disqualified it from working on the non-partisan mission of the Census to accurately and honestly count the U.S. population," Rep. Issa said.

ACORN had previously been tapped to help with low level data gathering for the 2010 census. A copy of the director's letter has been sent to Congress and relevant committees, as well as ACORN.

Two more ACORN workers were fired Friday after a second video surfaced, this time showing staff members in the community organizers' Washington office offering to help the undercover man and woman acquire illegal home loans that would help them set up a brothel.

Those firings came less than 24 hours after another pair of ACORN officials, from the group's Baltimore office, were canned for instructing the "pimp" and "prostitute" how to falsify tax forms and seek illegal benefits for 13 "very young" girls from El Salvador that pair said they wanted to import to work as child prostitutes.

Both of the encounters were videotaped on a hidden camera wielded by 25-year-old independent filmmaker James O'Keefe, posing as the pimp — tapes that have ignited calls for investigations of ACORN, the Association of Community Organizations for Reform Now.

The group's leaders said Friday they were "appalled and angry" at what their staffers had done, but insisted the videos were part of a political "smear" campaign and not representative of the institution as a whole.

"But that does not excuse the behavior of the employees," wrote ACORN's president Alton Bennet and executive director Mike Shea. "We have fired them and are initiating an internal review of practices and reminding all staff of their obligation to uphold the highest legal and ethical standards."

O'Keefe, the filmmaker who exposed ACORN's employees, was accompanied by 20-year-old Hannah Giles, who posed as a prostitute. On a videotape of their visit to ACORN's Washington's office, they are seen receiving guidance to establish the woman as the sole proprietor of a bogus company to mask the nature of her business.

"She's not going to put on (the loan application) that she's doing prostitution ... she doesn't have to," a now-fired ACORN staffer says. "You don't have to sit back and tell people what you do."

FOX News
Oss not seen any Raccoons but have seen many Opossums with plenty baby s' hanging from well lets say belly. Do you think opossums are as dexterous/smart as raccoons??????
Hay One reason I built here was to improve the neighbor hood but that was not the process I had in mind!
Quoting spathy:
No MLC come to find out One of our neighbors has no water and no power. Another has no water. I dont dare turn them in.Hay we were robbed the first time the day after the inauguration.
This sounds Racist but it was get whitey.
We are the only white people for many blocks.


I don't care what color the skin is - when it comes to stealing, it's just dayumed stealing. And, they could find themselves in a heap of trouble, if'n you understand my meaning. There's nothing wrong with helping folks, if they "ask" and it's ok imo to offer as well. Stealin' is a whole other thing. Besides, there are several government programs available for these folks - to pay their water and power bills for them!

I'd keep my gun loaded and watch my back if'n I was you, spathy. Sounds like a rough patch.
SLady
Post #84 how can that be when many times before it was posted that Acorn had no connection to census. Bua said so quite strongly.So it was end of discussion?
I must not be understanding something.
Which tentacle of acorn census was severed?
BlackRock to launch trading platform

BlackRock, the asset manager poised to become the world’s largest money manager with $3,000bn under management, is preparing to create its own global trading platform – a move that could challenge the business at the heart of many Wall Street groups.

BlackRock plans to develop a “new world-class global trading platform across the firm”, according to an internal memo seen by The Financial Times. It has appointed Minder Cheng, who is joining BlackRock as part of its acquisition of Barclays Global Investors, to oversee its development.

The platform will “fully realise the cost efficiencies and trading opportunities across all asset classes as we become one of the largest trading operations in the world”, the memo states.

Once BlackRock’s acquisition of BGI is completed sometime in December, the group will have about $3,000bn in assets under management.

The plan is still in its early stages, but its outlines are already clear. If some BlackRock clients are selling a security and others are buying, the group can “cross” those trades internally without going through Wall Street. BlackRock does not intend to take any fees for this service, since the whole point is to save its clients money, according to people familiar with the plan.



....interesting! Sounds like Goldman Sach's pissed someone off! ;)
Hey, SL. Saw that. Thanks. More "community organizing" I guess! LMAO!
Quoting spathy:
SLady
Post #84 how can that be when many times before it was posted that Acorn had no connection to census. Bua said so quite strongly.So it was end of discussion?
I must not be understanding something.
Which tentacle of acorn census was severed?


Just reporting it SP....:)
SLady
Sorry that was my version of sarcasm.
I wish I could play poker as well as my posts.
...dayum! If you like ice cream, I very highly recommend this one!

Quoting spathy:
Oss not seen any Raccoons but have seen many Opossums with plenty baby s' hanging from well lets say belly. Do you think opossums are as dexterous/smart as raccoons??????
Hay One reason I built here was to improve the neighbor hood but that was not the process I had in mind!


If ya had possums, you have raccoons. Matters not, you fixed the problem. I had one, documented on security camera dvr, that would drag my garbage cans out into the driveway and dump them to make it easier to get the goodies. He has subsequently been relocated along with 14 of his buddies and 12 possums. Did ya know you cannot trap Armadillo's with anything but Kosher hotdogs? I was puzzeled myself, but they worked. :)


L8R, on the way to the store for some icecream. Consider it stimulus money well spent. LoL

Oss, you been deporting illegals? ;P
Light ice cream?
Dayum MLC have you seen the pics of my beerbelly or something.
All the heavy cream and twice the sugar is my motto :)
...dayum! If you like ice cream, I very highly recommend this one!

ROTFL...you like milkshakes also!!!

I miss ice cream, well somewhat. I'm lactose intolerant so the pain outweighs the gain...Literally in pounds also. LOL!!!
Quoting moonlightcowboy:
Oss, you been deporting illegals? ;P


I plead the 5th, if we still have it :)
Why am I thinking of the movie Santa Clause.
"I'm lactose intolerant"
LOL. Yup, and your milkshakes twas real fine, SL. :)

But, no kiddin' on the French Silk by Edy's. I didn't buy it because of the 1/2 fat content - I just picked it up to try it - and, W H O A! I've dayumed near givin' up whiskey! ;P
Quoting Ossqss:


I plead the 5th, if we still have it :)


LOL, I ain't sure either, anymore!
Quoting moonlightcowboy:
LOL. Yup, and your milkshakes twas real fine, SL. :)

But, no kiddin' on the French Silk by Edy's. I didn't buy it because of the 1/2 fat content - I just picked it up to try it - and, W H O A! I've dayumed near givin' up whiskey! ;P


Dayum!!! LOL
Anyone read #51? I was thinkin' of sendin' that one in, but it didn't get any comments really, so it must not have hit too well.
Quoting SouthernLady:


Dayum!!! LOL


LMAO! ;) It's pretty good now - it is!
MLC #51 I got a chuckle outa that but no briar patch could have enough thorns.
106. I like that video of Willie.

...aaaaahhhh, uuuuuummmm, anyone know how well whiskey works on top of a good pint of ice cream? ;)
Quoting moonlightcowboy:
106. I like that video of Willie.

...aaaaahhhh, uuuuuummmm, anyone know how well whiskey works on top of a good pint of ice cream? ;)


LOL, that might be a 'thorn in your side'...
OOOOOH Willy N.
I love him with Ray Charles seven Spanish angels. Possibly even fitting for today. I would have to read the words again.

Edit Not fitting for today but a great song.
Quoting spathy:
MLC #51 I got a chuckle outa that but no briar patch could have enough thorns.


Thanks, spathy. I spent a little time with that one. Thought I might send it in for publishing, but I don't feel really strongly about it. So, I think I'll let it linger.
Quoting SouthernLady:


LOL, that might be a 'thorn in your side'...


Well, I think I'm gonna risk it - it's Friday nigh! BRB

...Spanish Angels is a good one, too! You either really like Willie or don't at all, mostly.
Have fun...I've got to bake all day tomorrow. Need the hours.

Hitting the hay...
Have a good sleep, SL!



Oh the heck with it its a great song :)
#108 can you say cottage cheese?
Quoting spathy:
#108 can you say cottage cheese?


That's what I thought!

Good tune! Thanks.
It's good whiskey though, too! ;)
Just a reminder!
Obama saying cap and trade will increase costs and costs will be passed on to customers.

Link
Quoting spathy:
Just a reminder!
Obama saying cap and trade will increase costs and costs will be passed on to customers.

Link


I'm hanging my hat that the Senate won't pass this legislation! They have to kill it - I don't think the country can survive it. Talk about contraction - we've not seen the likes of consumers rolling back spening like they will if that passes.
...take your pick



...1969



...2002

MLC thats why the reminder!
Because with the three amigos in power(O.R.P.) they will do almost anything if we don't stop them.
Edit: With a little help from our friends we can stop them :)
I guess I need to bring that link back out and put it in the header. Thanks for the reminder - will do!

Ok, spathy, the "Defeat Cap & Trade" blog link is back up in the header! Thanks.
MLC I did not know you had posted that before.
Besides the inability to do so without help. I always fear that someone else has posted what I found already.
Oh well it should be posted everywhere.
Quoting spathy:
I always fear that someone else has posted what I found already.


...naaaahh, post away. Stuff like that can't be repeated enough!
MLC great tunes and info but its late.

Spathy out.
Have a good sleep, spathy, and a good weekend!
...you might trying playing these simultaneously.






N E V E R forget!
NEVER!
US calls for patience on Afghanistan

The Obama administration said on Friday that it needed more time for its Afghanistan strategy to succeed, amid increasing discontent in Congress about any troop increases.

After several top legislators expressed their misgivings, Susan Rice, US ambassador to the United Nations, called for greater public and congressional patience with the approach of the administration.

“It is frankly premature to make judgments about the course of the strategy that we are now embarked upon,” she said.

She stressed that the US was still “flowing in” some of the 21,000 extra troops authorised this year by president Barack Obama, which would take US force levels to 68,000.

General Stanley McChrystal, the top commander in Afghanistan, is expected to request further resources for the mission – including extra troops – in coming days or weeks, although the administration could seek a delay.
Poll: Joe Wilson trailing Democratic rival

A newly-released poll shows Rep. Joe Wilson (R-S.C) has seriously endangered his re-election prospects by shouting out “you lie!” during President Obama’s speech to Congress this week.

The poll, commissioned by the Democratic firm Public Policy Polling, shows that Wilson trails his Democratic opponent Rob Miller, 44 to 43 percent. A sizable 62 percent majority of voters said they disapproved of Wilson’s actions, with only 29 percent approving.

The electorate was closely split on whether President Obama was telling the truth when he said his health care plan would not cover illegal immigrants – 46 percent said he was telling the truth, while 42 percent said they thought the president was lying.

“In a matter of seconds Joe Wilson turned himself from a safe incumbent into one of the most vulnerable Republicans in the country for 2010,” PPP pollster Dean Debnam wrote.

It’s a bit premature to be writing Wilson’s political obituary yet. The congressman won the district with 54 percent of the vote last year, a number depressed by the record level of African-American turnout in a presidential election. And it would be useful to see additional polling in the district before drawing any firm conclusions.

But one thing’s for sure, Miller has raised close to $800,000 since Wilson’s outburst and he’ll have plenty of cash to spend against him during crunch time. That fact alone makes it likely the race will be competitive, and guarantees we’ll be hearing more about Joe Wilson in the months to come.
CNN is covering the March on Washington. Looks like a good turnout!! Thus far, the live interviews have been respectful and objective. Way to go CNN!

Glenn Beck's doing a live show from 1-3. Thank goodness the best college matchups aren't til 3:30 and later!!

GO BUCKEYES! :)
MALIBU, Calif. (AP) -- A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said.


The previous owners of the beachfront home in Malibu Colony -- a densely built stretch of luxury homes that has been a favorite of celebrities over the years -- were financially devastated in Bernard Madoff's massive fraud scheme, real estate agent Irene Dazzan-Palmer said.

The couple signed the property over to Wells Fargo last spring, and the bank subsequently denied requests to show the house to prospective buyers, Dazzan-Palmer said.

Residents in the gated community told the Los Angeles Times that a woman they believe was Cheronda Guyton took up occupancy at the home in May. Residents said they obtained Guyton's name from the community's guards, who had issued her a homeowner's parking pass.

Residents also wrote down the license plate number of a 2007 Volvo sport-utility vehicle they say was parked in the home's garage. A check of state motor vehicle license plates by the Times found the vehicle was registered to Guyton.

Guyton is a Wells Fargo senior vice president responsible for foreclosed commercial properties, resident Phillip Roman said.

"It's outrageous to take over a property like that, not make it available and then put someone from the bank in it," said Roman, who lives a few homes away from the property.

Residents said Guyton, along with her husband and two children, often hosted guests at the home, including a large party the last weekend of August. Malibu Colony is about 25 miles from downtown Los Angeles.

Wells Fargo said in a written statement that it would conduct a thorough investigation of the allegations by neighbors, but said it wouldn't "discuss specific team member situations/issues for privacy reasons."

Guyton's home number is unlisted, and attempts to reach her at her Los Angeles office after work hours were unsuccessful.

The bank's agreement with the prior owner required it to keep the home -- a 3,800-square-foot, two-story structure built in the early 1990s -- off the market for a period of time, Wells Fargo said in the statement. The bank said it planned to list the property for sale soon.
- G'morning, Aub. Hope you have a good weekend. Right now, I'd gladly vote for Joe Wilson for POTUS. He at least had the kahunas to tell the truth - Obama is a LIAR. Plz, don't bring anymore of that kind of anti-Joe rhetoric into this blog. TIA for that. Also, thanks for the post on the Wells Fargo creep that is taking advantage of someone else's misery. That's pathetic and the person should be dismissed from the company and their policies re-evaluated and enforced. Folks will go to hell for crap such as that!

- ((HG)), thanks for the coverage tip! I would have liked to have gone up myself this weekend - just did not work out. Buckeyes? C'mon! Ok, lol, I'll pull for you and them over USC! ;) Have a GRT Saturday.
Here are some webcam images from Washington, DC at Pennsylvania Ave NW and 9th St N W. Thousands of Americans are present from the Tea Party Express and just concerned Americans. These images were just captured around 11:30 AM. God bless these American patriots and God bless America.

Plz, don't bring anymore of that kind of anti-Joe rhetoric into this blog.

It was in the news and I posted on it...it is even on the Fox News page...am I only to post things here that you agree with?
Let me put it this way - you got your Joe jab in; but, there will be NO "Joe-bashing" in this blog! PERIOD.
Joe Wilson is Under Attack- Stand with Joe Today

Today, I need your help more than ever before. I've been under attack by the liberals for months and they've done everything they can to quiet my very vocal opposition to more government interference in Americans' lives. Now, it's gotten even worse, but I will not stop fighting against their policies that will only lead to more government interference, more spending, and higher deficits.

I should not have disrespected the President during his speech. But I am not sorry for fighting back against the dangerous policies of liberal Democrats. I will not back down.


- Rep. Joe Wilson

Stand with Joe today and help fight back against liberal attacks by making a donation to his campaign. DONATE HERE.




It may have been the wrong place at the wrong time for some, but Joe Wilson spoke truth. Truth is truth, no matter where it is spoken! I've already made my contribution and I hope that you will help support his campaign.

"Truth" deserves to be re-elected!"

...I'm a bit shocked - this is the 1st and only thing the POTUS has done thus far that deserves some applause. It may not be perfect, may not be the save-all, end-all yet, but it's sure as hell a start. Cudos to #44 on this one!

U.S. to Impose Tariff on Tires From China

In one of his first major decisions on trade policy, President Obama opted Friday to impose a tariff on tires from China, a move that fulfills his campaign promise to "crack down" on imports that unfairly undermine American workers but risks angering the nation's second-largest trading partner.

The decision is intended to bolster the ailing U.S. tire industry, in which more than 5,000 jobs have been lost over the past five years as the volume of Chinese tires in the market has tripled.

It comes at a sensitive time, however. Leaders from the world's largest economies are preparing to gather in Pittsburgh in less than two weeks to discuss more cooperation amid tensions over trade.

The tire tariff will amount to 35 percent the first year, 30 percent the second and 25 percent the third.

Although a federal trade panel had recommended higher levies -- of 55, 45 and 35 percent, respectively -- the decision is considered a victory for the United Steelworkers union, which filed the trade complaint.


Great shot of people marching towards the Capital Bldg this AM!

Initial estimates on attendance from DC police are 1.2 million?? I've heard everything from 60,000 (Glenn Beck on Fox) to 2 million (abc news). Interstates are shut down with people still streeming into DC. ????
160. A W E S O M E! Thanks, HG! That's a picture worth saving.

Conveniently, the POTUS goes out of town - just ignoring the disdain, instead of showing some respect!
160. Let me put some perspective on that crowd - in Washington, it's a hulluva long way from here to there! There are at least 1,000,000 in that crowd! If you like to walk, Washington is one place you can do it. The huge monuments, buildings, etc...it doesn't look all that far, but it's a hulluva distance. I wore my feet completely out in April of 07 - had to hale a hefty cab ride back to the hotel.
LIVE - streaming video from the Tea Party march on Washington.

...it takes a few seconds to load, but fine after that.
I've been watching it all day! Beck had some shots from other rallies around the country also!! I don't know who told Beck there were 60,000 people in DC, but I'm thinking it was a couple more than that. ;)

Someone named stsimonsislandgaguy is posting pics in the liberal blogs about venomous/hate-filled signs against Obama at the DC rally.

How soon we forget...














(yeah, imagine if we dressed up Obama in a monkey suit)






Awww...poor poor Obama and his little socialist followers. They cant even take a simple little protest against them without getting all wishywashy. It must suck that a CONSERVATIVE rally just 6 month into this Obamanation can draw more protesters than any liberal/socialist/marxist rally against Bush ever did. The socialist news networks are even refusing to cover this rally of 2 million, but a 500 person anti-Bush rally makes top headlines on MSLSD. Talk about living in a fantasy world...
How true, RP! How true. Nothing Simon does surprises me, but please, really I'd rather you not even mention his name or his politics in here - he's nothing to say that I am remotely interested in hearing or reading. Thanks in advance for that.

Great post though, btw. The poor looney left forgets all their hyprocracy. I had my problems with Bush and voiced them, and I voiced them heavily near the end of his last term. This president deserves no less treatment, especially when he is exponentially, purposefully compounding our problems with borrowing, spending and expanding government.

Until yesterday, there has not been a single thing he's done that imo deserved any sort of positive recognition. Yesterday, he fired a trade salvo back at Red China. That gets my approval for whatever reasoning he discerned it. I'd like to see more of that kind of decision-making from the Oval Office.

I am against big, and definitely against bigger government in any make, form or fashion. We have reached a point of unsustainability. The Tea Party goers have awakened and realized this. The poor, foul-mouthed, visbily shaken, mis-informed, world kumbaya advocate, lunatic left is still asleep at the wheel. Their "Messiah" is a wolf in sheep's clothing! Their time is coming though - truth doesn't hide! In a way, it makes one feel sorry for them. Pitiful, really.
MLC- great coverage by you as always! Thank you, thank you.

Additonally-
Everyone should be writing to their local/state representatives demanding that each and every ACORN office be investigated and audited.
Quoting billsfaninsofla:
MLC- great coverage by you as always! Thank you, thank you.

Additonally-
Everyone should be writing to their local/state representatives demanding that each and every ACORN office be investigated and audited.


Thank you, Bills! How this "Acorn" ever got a penny of government money is absolutely gut-wrenching! I think you're smack-on, new letters and investigation demands need to be made now. There should be an "instant" moratorium on any more funding until that mess is cleaned up!

Yup, more work to do for many of us. And, we have to - it won't get done otherwise. If we don't, the consequences are too dire.
Detroit jobless rate a record 28.9%


This is what happens when liberals take over...
Quoting RisingPressure:
Detroit jobless rate a record 28.9%


This is what happens when liberals take over...


...and liberal policies. The employment situation is far worse than is being manipulated to reflect. And, will get worse.
Quoting Ossqss:
Ummm, I missed this part :)

Scary stuff eh !

TEA PARTIES CANNOT WIN BACK THE REPUBLIC WITHOUT THIS INFORMATION


Many are now finding non-elected regional governments and governing councils enforcing policy and regulations. As these policies are implemented, locally-elected officials are actually losing power and decision-making ability in their own communities. Most decisions are now being made behind the scenes in non-elected "sustainability councils" armed with truckloads of federal regulations, guidelines, and grant money.

The politically based environmental movement provides Sustainablists camouflage as they work to transform the American systems of government, justice, and economics. It is a masterful mixture of socialism (with its top down control of the tools of the economy) and fascism (where property is owned in name only - with no control). Sustainable Development is the worst of both the left and the right. It is not liberal, nor is it conservative. It is a new kind of tyranny that, if not stopped, will surely lead us to a new Dark Ages of pain and misery yet unknown to mankind.



Thanks, Oss, for the centrally-derived enlightenment. I think many of us know this is where we've been headed for some time now. It's good to see it stated clearly, centrally and succinctly.
...right out of Ricky Rood's "Crap & Trade" blog!

Public Health Challenges in India

It is this development of societal resilience and/or adaptive capacity that is the focus of those who are planning for expected impacts of climate change. In many places, planning for climate change becomes linked to planned or needed development projects; that is, projects that are needed to develop basic infrastructure and the capacity to address existing problems. This linkage between development and adaptation to climate change is a growing concept; it makes sense, and does not appear as a risky investment.

This is an approach that works in the case where climate change poses an incremental change to an existing problem. A more difficult problem is when climate change might lead to vast changes or the emergence of new problems. For example, there are many millions of people in South Asia who live and grow their crops in low lying river deltas. There will, with certainty, be more intrusion of salt water into these regions, which will not only displace people, but it will ruin agricultural land. There are also diseases such as dengue fever, for which explosive spread might be possible. (Here’s a link to dengue in Mexico to bring it a little closer to home.)

This trip to India changed my perspective on climate change – it made it far more real. For the country as a whole, Indian agriculture is highly sensitive to the climate and the onset of the monsoon. The bulk of the water comes in a relatively small number of days of precipitation. River flow is highly seasonal, and it will become more seasonal, higher high flows, and lower low flows, because of changes in snowpack in the northern mountains. This natural sensitivity sits together with a large population and a large portion of this population that is highly vulnerable to their environment. This vulnerability ranges from exposure to contaminants and pathogens, to sensitivity to crop failures, to exposure to extreme weather and coastal flooding. The consequences of climate change in India, Pakistan, and Bangladesh will be significant and will have international consequences. Tough problems will be made tougher.






....go figure!
Quoting moonlightcowboy:


...and liberal policies. The employment situation is far worse than is being manipulated to reflect. And, will get worse.


But that's what the Messiah wants, more folks to rely on the Government for EVERYTHING!
here is the coverage of SWFL Tea Party 9/12/09

http://www.nbc-2.com/global/story.asp?s=11118785

Link
It will be interesting to see what shows up in the newspaper tomorrow morning.
Thanks, Jamie!

Hey, SM! Yup, it will be.