President Obama’s Christmas and New Year’s Greeting

Well, we have now put Christmas day behind us with new years approaching and our Obamadier had enjoyed his Christmas holiday with his family. Most Americans have been handed canned rations, while our president feasted upon the famous White House Christmas dinner served up by the White House cook and staff. How nice.

New Year’s celebrations will bring merriment and joy as The Obamadier toasts to the delusional optimistic fantasies that float about in his sugarplum brain. Chaos will likely be the legacy of 2011.

The past week has shown us that Barack Obama has been bitten by the rabid dogs of Congress, once more, certifying that he now has a full-blown case of rabies. Our president is a rabid Democrat who has been filled with the toxic venom of the Grotesquely Outrageous Psychopathetics-GOP-engaged in a planned demolition of the lives of many working Americans trying to keep from drowning in their pool of personal debt.

It is a sad day for a Democratic president, although it is in name only, and not by action, when a rabid GOP pundit, Charles Krauthammer, says that he has made centrist decisions of which he approves.  Mr. Krauthammer is a contributing editor of the Weekly Standard and has been proclaimed as the centrist voice for conservatives.

The joke is what counts for centrist in America today was considered radical rightwing around 30 plus years ago. But now, the right has moved so far right that they should be called the American Reichwing. Obamadier has leaped into the GOP’s regressive sliding scale of insanity and austerity-building programming on one end, and with an American style fascism on the other. So, where does centrism fit in?

This is the HOPE and CHANGE he has delivered to all of those who dedicated time and energy into electing him to the Office of President of the United States. It was a major con-job. It was an attack upon Democrats by The Obamadier, who has been praised by the likes of those who supported LilBoyBush and his introduction into an American-style fascism.

I have been saying this for 10 years, now, and little has changed. For nearly 20% of working Americans, it has gotten worse, throughout most or all of the states making up this union of American states by those Neoconclastics living among us.

Neoconclastics - I will define my new word as the deliberate destruction of the working class culture, which relies upon social safety nets, as well as, worker’s rights, environmental protections, local sovereign rights by community residents, and the overall protections amassed by average Americans and held up as democratic icons over the centuries. This planned destruction has been moved forward by plutocrats for the sole purpose of protecting and enriching the regressive elite corporate and greedy members within the government and society.

What is currently evolving is a movement by them to move the nation and the rights of citizens away from democracy.

Here is one example, as stated by Karl Denninger, in the piece called Recission Under Fire by the Fed (12-17-10, Market-ticker):

“Fraud…is a business practice. And protecting fraud is the primary function of The Fed:

Consumer groups and industry lawyers say a rule under consideration by the central bank would make it harder for borrowers to exercise their right of “rescission,” which forces a lender to relinquish a lien on a mortgaged property. They said the number of rescissions have grown in recent years as a result of the foreclosure crisis and allegations that mortgage documents were fabricated or processed improperly.

Ken Markison, regulatory counsel at the Mortgage Bankers Association, said the change would save lenders money. “Greater clarity will help avoid unnecessary litigation and reduce costs.”

Nowhere is the point made that the reason these “costs” show up is that the lender screwed the borrower in the first instance. What The Fed proposes to do is to force the principal repayment to happen before the lien is released. This effectively destroys the remedy, since without the ability to pledge the collateral for the new loan it will be impossible to obtain a new loan.” (End)

We have a Fed, and those who support the economic crime syndicate’s banker-Ben Bernanke- believing that the foreclosed-upon homeowner has no right to demand the fraudulent banksta prove he/she actually holds the mortgage paperwork!!

As Ben Bernanke says out loud to the mirror whenever he trims his beard, “We don’t need no stinkin’ paperwork!”

The Neoconclastics are hard at work to kill YOU!

The President [and his team] also chose to cover up the economic crimes. “Not only has the greatest wave of financial fraud in our history gone largely uninvestigated and unpunished, the government and this administration with its stress tests (which were fakes), its relaxation of accounting standards which permitted banks to hold toxic assets on their books at far higher prices than any investor would pay, with its failure to make criminal referrals where these were clearly warranted, with its continuation in office—sometimes in acting capacities—of some of the leading non-regulators of the earlier era, has continued an ongoing active complicity in financial fraud. And, the perpetrators, of course, prospered as never before: reporting profits that they would not have been able to report under honest accounting standards and converting tax payer support into bonuses; while at the same time cutting back savagely on loans to businesses and individuals, and ramping up foreclosures, much of that accomplished with forged documents and perjured affidavits.

Could the President and his administration have done something? Yes, they could have. Where was the Federal Deposit Insurance Corporation? Why did they choose not to implement the law—the Prompt Corrective Action law—which requires the federal government to take into receivership financial institutions when there is a significant risk of large taxpayer losses to the insurance fund? Where were the FBI and the Department of Justice? Did the President do anything? No. Is he doing anything now? No. Why not? The most likely answer is that he did not want to.” (James K. Galbraith: Whose Side Is Obama On?, Alternet. Org, 12-10-10).

Yet, The Obamadier wants to demonize unions and public government employees who have representation through a union. He wants to finger wag at workers who have been severely damaged, economically, by those who he has given a Green-Light-GO—those inside and working for the economic crime syndicate. He has listened to the likes of Larry Summers, Timmie Geithner, Gensler, Rubin, Bernanke and others when they told him that it was all under control, so forgetaboutit!

Right.

‘It was all under control’ meaning that the criminals, fraudsters, shysters, bankstas, conartists whose pockets are filled with the free money handed out to them, are now under the Government Protection Program.

Here is what Paul Krugman said in his NYT piece, “Humbug Express”:

“If you listen to the recent speeches of Republican presidential hopefuls, you’ll find several of them talking at length about the harm done by unionized government workers, who have, they say, multiplied under the Obama administration. A recent example was an op-ed article by the outgoing Minnesota governor Tim Pawlenty, who declared that “thanks to President Obama,” government is the only booming sector in our economy: “Since January 2008” — silly me, I thought Mr. Obama wasn’t inaugurated until 2009 — “the private sector has lost nearly eight million jobs, while local, state and federal governments added 590,000.

Horrors! Except that according to the Bureau of Labor Statistics, government employment has fallen, not risen, since January 2008. And since January 2009, when Mr. Obama actually did take office, government employment has fallen by more than 300,000 as hard-pressed state and local governments have been forced to lay off teachers, police officers, firefighters and other workers.

But anyone paying attention knew why public employment had risen — and it had nothing to do with Big Government. It was, instead, the fact that the federal government had to hire a lot of temporary workers to carry out the 2010 Census — workers who have almost all left the payroll now that the Census is done.

There has not, however, been any visible effort to retract those erroneous claims. And this isn’t the only case of a claimed huge expansion in government that turns out to be nothing of the kind. Have you heard the one about how there’s been an explosion in the number of federal regulators? Mike Konczal of the Roosevelt Institute looked into the numbers behind that claim, and it turns out that almost all of those additional “regulators” work for the Department of Homeland Security, protecting us against terrorists.”

Mr. Obamadier has joined the ranks of the Neoconclastics who want to cut your Social Security but privatizing it and reducing benefits, cut Medicaid and Medicare, ie.- to kill you, outsource more of your jobs, steal your retirement, jack up the price of your health care, take more of your wages, and hijack your democracy!

The Obamadier scam continues. What is clear is that he, nor his TeamingWeenings want us to know the economy is failing. He claims that tax cuts for the rich are required to bring back jobs, when in fact, those tax cuts will be used to defeat liberal and progressive Democrats, and moderate Republicans in 2012. The tax cut for the rich will become a taxpayer funded subsidy campaign contribution for those running as Reichpublicans.

Who and what is responsible for the lousy economy? Robert Reich says this:

 “Story A: Big government, bureaucrats, and the cultural and intellectual elites that back them.” [This is the Republican and Obama tale of woe as they place blame on the easy marks.] “Story B: Big business, Wall Street, and the powerful and privileged who represent them.” [A more accurate account of the culprits.]

Reich continues by saying, “In reality, the lousy economy is due to insufficient demand—the result of the nation’s almost unprecedented concentration of income at the top. The very rich don’t spend as much of their income. And since the housing bubble burst, the middle class hasn’t had the buying power to keep the economy going. That concentration of income, in turn, is due to globalization and technological change—along with unprecedented campaign contributions and lobbying designed to make the rich even richer and do nothing to help average Americans, insider trading, and political bribery.

[Story] A is the story President Obama is telling, indirectly, through his deficit commission, his freeze on federal pay, his freeze on discretionary spending, and his wavering on extending the Bush tax cuts for the rich.

[Obama] “He’s telling story A. Making a big deal out of the deficit—appointing a deficit commission and letting them grandstand with a plan to cut $4 trillion out of the projected deficit over the next ten years--$3 of government spending for every $1 of tax increase—is telling story A. Announcing a two-year freeze on federal salaries—explaining that “I did not reach this decision easily—these are people’s lives”—is also telling story A. What the public hears is government bureaucrats are being paid too much, and that if we get the federal payroll under control we’ll all be better off. Proposing a freeze on non-discretionary (non-defense) spending is telling story A. So is signaling a willingness to extend the Bush tax cuts to the top.” And so, is [the likely appointment] of a Wall Streeter to be his top economic advisor another confirmation that story A is The Obamadier’s agenda? (Robert Reich, The Big Economic Story, and Why Obama Isn’t Telling It, 12-1-10).

And, if this isn’t enough for ya.

“Nine firms—five of them foreign—were able to borrow between $5.2 billion and $6.2 billion in U.S. government securities, which effectively act like cash on Wall Street, for four-week intervals while paying one-time fees that amount to the miniscule rate of 0.0078 percent. This was all done with the Federal Reserve Bank of New York. The program, called the Term Securities Lending Facility ensured that the firms had cash on hand to lend, invest, and trade.” (Shahien Nasiripour, Huffingtonpost, Money For Nothing: Wall Street Borrowed from Fed at 0.0078 Percent, 12-1-10).

Paul Krugman wrote, “Last week, reports Shahien Nasiripour of The Huffington Post, all the Republican members of the [Financial Crisis Inquiry] [C]ommission voted to exclude the following terms from the[ir] report: “deregulation”, “shadow banking”, “interconnection”, and, yes, “Wall Street”.”

He also stated, “This bubble was inflated by irresponsible lending, made possible both by bank deregulation and the failure to extend regulation to “shadow banks”, which weren’t covered by traditional regulation but nonetheless engaged in banking activities and created bank-type risks. It turned out that Wall Street had created a web of interconnection nobody understood…”

Krugman stated in his “Wall Street Whitewash” (NYT, 12-16-10), with quote:

“Last week, Spencer Bachus, the incoming G.O.P. chairman of the House Financial Services Committee, told The Birmingham News that “in Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks.”

Now Reuters wrote that “The plan agreed to by President Barack Obama and Republican leaders last week could push up debt levels, increasing the likelihood of a negative outlook on the United States rating in the coming two years, the ratings agency said.”

Holy shit! A downgrade from A to Aaa could cause a serious blow to US Treasuries, which are barely paying anything at all, and wound what is considered to be the only safe security for many Americans.

Reuters also said that “After Obama announced his plan, Treasury prices fell sharply in volatile trade last week and yields have hit a six-month high, in part due to concerns over the effect the package will have on government debt levels. If the bill becomes law, it will "adversely affect the federal government budget deficit and debt level," Moody's said.”

The Obamadier appears to be listening to his Neoconclastic regressive henchmen who are out to behead the working class American. Is this his HOPE AND CHANGE?

If it were not for Jon Stewart, maybe the 9/11 responders would have ignored by the Reichpublicans, once again.

This Neoconclastic ideology is what took the economy down the rabbit hole, which will end up getting deeper for many Americans.

Such a plutocracy (those in political control of the state by an oligarchy of the wealthy) is filled with Regressive evildoers who have been elected by the American sub-literates, and who thus far haven’t realized that they are being dope-slapped and robbed by the very people they elected to represent them.

Happy New Year!

Thanks for reading, jerry

http://eye-on-washington.blogspot.com 

The 2010 Tax Cut Giveaway To The Rich-Leave No Oligarch Behind

The Washington propaganda machine continues to spew out its message that Americans need to be afraid of the economic tsunami that will come wash upon our shores if the richest among us don’t get their additional, and more abundant handouts from the government.

The GOP (Grotesquely Outrageous Psychopathetics occupied by those who want the part in the new Crying Game movie—currently starring John da’Boner Boehner), and the Dysfunctional Democrats engineered by a president named Barack Obamadier, wants us to believe that new and sustainable future jobs will be created, even without any contingencies or requirements placed upon the rich to invest in domestic job creation with their newly anointed tax cuts, and refunds handed over by the taxpayers. We hear that without these tax cuts, the rich will not invest in job creation and expansion. So, this is what they have been waiting for? So, this is all it will take? I want to know where Obamadier gets his information that with these tax cuts our precious oligarchs WILL invest in job creation and expansion? It hasn’t happened so far. Why will it change NOW, Mr. Obamadier? The rich have invested in Wall Street, and not Main Street or Side Street. They have invested in foreign expansion, and not domestic expansion. Domestic demand continues to seriously drag.

 Now we are witnessing the slime ooze from underneath the acrid and moldy floorboards supporting the GOP’s flophouse as Slickie Rickie Santorum slithers out into the public arena, once again, after his Senatorial defeat by Robert Casey, Jr, of PA, when the voters told Sleazy Santorum it was time to find a real job and end the lies he told when trying to convince us all that he was really a Pennsylvanian and NOT a Virginian. He claimed he was a resident of PA because he owned a small, unoccupied Santorum home in Penn Hills, PA, when he no longer lived there. Instead, he and his family were full-time residents of Virginia. After his senatorial defeat, the trickie Rickie didn’t get a real job, but was employed by a rightwing ‘Sanitorium” think-tank allowing him to feed as a result of patrons throwing food into the think tank bowl where he ate along the bottom with the other sucker feeders.

Now this slime ball is out there testing the waters for a presidential bid, if LilWalenSarahPalin decides not to run. Maybe Dan Savage can resurrect his Santorum Savage Love column. See this.

Here is the word entry of Santorum, which is now archived forever in the Urban Dictionary. Santorum means this.

The reason SlimeBoy is “testing the waters” is because while Senator, his only hard-on was achieved when he spoke of privatizing Social Security through private investment account, which would have decimated those receiving Social Security if LilBoyBush had made it law. The private accounts would have been invested in Wall Street; therefore, the crash would have destroyed those recipient’s benefits. Good Boy Slickie Rickie! Santorum exposed!

This fool of a GOPie, resembling a hamster, (sorry hamsters) believes there is enough momentum in the regressive Congress to launch his loser-self into the White House. Let it roll!

The leading GOP 2012 presidential candidate LilWalenSarahPalin had a conversation with British Prime Minister David Cameron, and she said that, “Julian Asingsong [should be] brought to the US and executed for high treason with bells on it."

She appears to not be able to pronounce “Assange”. It sure doesn’t take brains to run for president. Not only is that a problem, but also she demanded that Julian Assange be hunted down like an international terrorist.

The Palen Palin said this, as well. [Assange is] “an anti-American operative with blood on his hands…[and we should pursue] with the same urgency we pursue al Qaeda and Taliban leaders."

LilSarahpalin does not believe in democracy or freedom of speech, in spite of the fact that she studied, if that is what you call it, journalism! She believes that Assange is equal to Osama bin-Laden, who is referred to as a terrorist. She believes that LilBoyBush and Dickster Cheney are freedom fighters, and not in the category of individuals who committed high treason by stovepiping intelligence to justify a war in Iraq, and presenting lies as a premise for invading Iraq and engaging American soldiers in war. Nor does she speak of prosecution of Rumsfeld, or Rice (for disregarding the data presented by the outgoing Clinton White House that planes were being considered as weapons of mass destruction), or Gonzales’ support of torture!

Has the LilWalenPalin called for the guillotine to be resurrected in order to knock off the heads of those fraudster Wall Streeters and bankstas who purposefully took down the US economy, through a Ponzi scheme fraud, and created our greatest national security risk in current history?

Not Sarah Suckatash! She disregards whistleblowers, and believes that transparency in government is equal to high treason. It appears that Sarah Suckatash is a neo-fascist. This is what the GOPies have become: A party of Brownshirts.

Let’s go back to the con job that President Obamadier dropped upon the Great Unwashed suffering through this economic meltdown. This is what James Kwak (Baseline Scenario, 12-10-10 found on Truthout.com) wrote: “Basically he’s [Austan Goolsbee, chairman of the Council of Economic Advisers] trying to convince you that Obama won: Republicans wanted the top-end tax cuts and Obama wanted the “middle-class” tax cuts, and Obama conceded the top-end tax cuts, but in exchange he won lots of other great things: unemployment insurance extension, some sweeteners to the earned income tax credit, American Opportunity tax credit (for college), some sweeteners to the child tax credit, lower payroll tax, and an extension of some business investment credits. Notice which column he put them in. [Barack’s column, as opposed to the GOPie’s column is in his Youtube presentation.]

Mr. Kwak stated that not only did the Democrats want a middle class tax cut, but so did the Republicans!! The difference was they also wanted huge giveaways to the richest income earners among us, as well!!! And, they did not want additional unemployment insurance issued. Remember, the $600B in tax cuts for the rich will be this amount for the next two years, when the unemployment insurance will be for “additional weeks”. Read the bill here.

The rich will get a much bigger handout that anyone else. We cannot let them go hungry, now can we?

Under the Obamadier-GOP Plan the richest m/billionaires will get nearly $140,000 each, while those who earn $50K will see $1679.00 in a tax cut. See chart.

The Obamadier president has clearly shown he requires a lifeline and has called up former President Bill Clinton, the very guy who began the economic collapse by doing away with the law that kept holding banks and investment institutions separate—Glass-Steagall Act, and allowing former Senator Phil Gramm, the economic terrorist who was Senator John McCain’s economic advisor during his run as a GOP presidential candidate, to pass into law the Commodity Futures Modernization Act of 1999, which flooded the LilBoyBush years with naked derivatives trading, shadow banking and mortgage fraud. The Clinton legacy was riddled with selling out the average American by allowing the bubbling of the tech sector, and the housing/commercial property sector. This is the person Obamadier criticized when he was a presidential candidate running against Hillary! How quickly a sinking ship’s captain reaches for the lifeboat after his ship has appeared to capsize.

The only piece of this tax cut handout plan that is not a tax cut is the Earned Income Tax Credit, and the unemployment insurance extension bill; therefore, the GOPies won this one in a big way. They are on the move to further reduce Social Security contributions. And, here slithers the slimy Santorum.

The irony here is that the GOPies, who rail against increases in the budget deficit are gleeful over tax cuts for the rich, which doesn’t lower our budget deficit. How can they campaign against budget deficits when they support plans to sustain them through tax cuts?

If tax cuts work, then why do we have 25 million Americans worker dropouts, underemployed, and unemployed? And, why are the richest welfare recipients receiving millions of dollars in government and Federal Reserve handouts failing to rebuild our employment problem and a diminishing domestic manufacturing sector? And, why is it continuing without results? And, why are those who failed to see the collapse of the housing sector, mortgage market, and the escalation in job losses still making decisions that affect the entire nation’s economy? And, why are those who were part of the formation and execution of two failing wars and nation building still making decisions and spending $2 BILLION per day on this enormously failed policy?

“[I]t is hard to stomach the whining from people who were too damned lazy or incompetent to think about the consequences of the collapse of an $8 trillion housing bubble. These workers are unemployed because the folks calling the shots messed up. In other words, the reason that we have 25 million people unemployed or underemployed is that people like Ben Bernanke, Timothy Geithner and Larry Summers messed up royally on their jobs. Fortunately, for the folks on top, employment is not dependent on performance.”(Dr. Dean Baker)

Dr. Dean Baker continued to say in his Truthout piece (The Tax Deal and the Apocalypse, 12-13-10), “…this deal…would undermine Social Security. The deal temporarily lowers the Social Security tax by 2 percentage points. In principle, the tax rate will go back to its current rate after the end of next year.

However, several prominent Republicans have already made it clear that they will call the expiration of this tax cut a tax increase. And they will point out that it is an extremely regressive tax increase that disproportionately hits low- and moderate-income workers.

At the end of the 2011 the unemployment rate is virtually certain to be well above 8.0 percent and quite likely above 9.0 percent. In this context does anyone seriously believe that President Obama will refuse to go along with efforts by the Republicans in Congress to continue the tax cut beyond the scheduled deadline? 

If the payroll tax is indefinitely lowered by 2.0 percentage points, then Social Security's finances will appear much more shaky. As it stands, Social Security is fully funded through the year 2037… If the payroll tax is permanently reduced by 2.0 percentage points, it would double the program's projected 75-year shortfall. This would give far more ammunition to the Social Security fear mongers.”

Be afraid everyone! Be afraid!

Dr. Baker goes on to point out “In short, this deal is a very large first step toward cutting and/or privatizing Social Security. If the president wants to remove this risk, he can simply arrange to have the exact same tax cut given to workers from general revenue. There is no legitimate reason for the Republicans to reject this change in structure, unless their intent is to destroy Social Security. It's really that simple. The structure of the deal would be changed unless the point is to undermine Social Security.”

Do we hear anything from the GOPies, Palin, or any other bobblehead in Washington just how this nation is to rebuild its collapsed manufacturing sectors and re-employee those who are receiving unemployment checks? Nada!

We hear whining from our president and others about how China has developed world domination in education, mass transit, energy technologies and more, yet all we hear from them is that we should be afraid of shoe bombers, terrorists, Julian Assange, and tax increases. But we do not hear any of these naysayering legislators or political talking heads specifically defining just how we are to return from being the world’s largest debtor nation into becoming a surplus nation without enriching the top 2% with government welfare handouts and austerity-- declining wages, increasing payouts for health care expenses, commodity and energy increases, longer work hours, declining asset values, and more---for the remaining working class slobs. These corporate lapdancing whores inside the White House and Congress, as well as those on the presidential campaign trail, have nothing to say but that there is a boogieman out there and we need to be afraid of it/them, and the only ones who can save us are the rich plutocrats who feed from the funding troughs. That is it. This present does not include directions or instructions, or any ideas on how it is to be used, let alone batteries. In other words, what is inside this gift box from the Democons and GOPies is absolutely nothing that can be used to make one’s life better beyond just a few weeks.

What we heard from Eugene Robinson in his piece-A Wiki Hornets Nest (Truthout.com 12-13-10) was how our government wants us to continue to be afraid. Life in the U.S. is not worth living unless its Great Unwashed wakes up each day being afraid, and knowing that the feeding trough oligarchs are going to protect us! Thank God!

Here is the message he wrote. What exists today are executives inside major corporations deciding what is and is not free speech, as determined by the likes of Amazon, PayPal, Mastercard, Visa, Twitter, Google, Microsoft, Apple, and Facebook. These executives are deciding what information is permissible or not in America. These private entities have taken over the role of what is allowed in a free and democratic society. Censorship is gaining strength, as witnessed by LilSarahpalin’s comments.

Neo-fascism is gaining strength through the GOPies and piggie-backed by the Democons.

Mr. Robinson beautifully ends by saying, “I don't particularly enjoy defending Assange, WikiLeaks or a bunch of irresponsible hackers. But I don't want the companies that regulate interaction and commerce on the Internet deciding whose views are acceptable and whose are not. The "terms of service" agreement that should take precedence is the First Amendment.”

Thanks for reading, jerry

http://eye-on-washington.blogspot.com

Just Give Me Some Truth-Barack!

What appears to be going on is that the fearmongering elite are afraid of the truth. Julian Assange, founder of Wikileaks, is now sitting in a jail cell because he was saturating the world with truth (gossip, truth, and various levels of it). He was denied bail because of his ability to deliver the truth to the world. We cannot have any of that. The judge gave him a “what-for” and told Julian that such bad boyz must sit in their jail cell and wait for their day in court. (Go to your room and think about what you have done!)

There is now a loud outcry for the assassination of Assange (a spanking is not good enough) by the likes of some prickly Brown Shirt inside the Canadian Prime Minister Harper’s administration, as well as some fascists inside the US government. KILL THE TRUTHTELLERS (no matter how insignificant the message is.)!!! Killing MLK wasn’t enough. Killing JFK wasn’t enough! Killing John Lennon wasn’t enough! Yet, there is little spoken about indicting the neo-fascists running our government, or of those who were in the previous administration torturing, spying on Americans, going to war, and killing the domestic economy.

It is appears to be perfectly OK for the fearmongers to beat down the average working person and pound into their simple minded, shallow brains that they are the ones who are the fuck-ups. They are the ones who need to be taught a lesson by giving up more of their evaporating incomes, wages, savings, and asset values so the elite can have more and more through the kind graces of our Federal Reserve, Treasury and government.

President Obamadier has now joined the other side (by attacking the Great Unwashed working classes) and has become the GOP’s mule horse president by telling the Sheeple that they must give up some of their Social Security taxes, which are not even part of the budget deficit, to make sure that the elite, and our most upstanding national fearmongers have another two years of tax cut cash to spend on luxury cars, yachts, landscapers, custom suits, and more basic essentials. President Cave-Man Obamadier (He loves to shoot down his Democratic opposition, since he hates liberals and progressives.) has to make sure that another few months of unemployment benefits for the suffering unemployed with families needing to pay down debts must allow tax cuts for the very, very rich elite, who only spend a fraction of their incomes, and dividend payments on daily needs, while the peasants spend every last dime on staying solvent.

Mr. Cave-Man Obamadier wants us to believe that the elite are more fragile and in need of million dollar tax cut checks written out by the Treasury, while the few hundred bucks you get back is more than enough to hold you over for a couple of months. During a time when the unemployment levels will likely increase by the millions over the next 12 months (We are now at 20% when you take into account the under-unemployed, and those who are no longer counted[Shadowstats.com), and heavily indebted college students will find fewer and fewer jobs as they hit the streets in their thrift store suits and skirts, the elite need a greater hand out amounting to $600 billion and more, and the Federal Reserve will print trillions of dollars to make sure that the upper 2% continue to be have ~00.0078 or so percent of government socialized cash to spend on foreign currency manipulations, foreign infrastructure, commercial land and real estate increasing their overall returns by 3-20% over the coming couple of years.

We all should be so grateful that we have a converted and born-again president who has seen the GOP light by shifting over to their side as he climbs into their Trojan Horse being pushed up against the gates of the average American worker and retiree.

There is now a war between the truth-tellers and the fearmongers. We cannot have any truth being told in America or the world by such rebels as Julian Assange or those of his kind. We cannot have memos or correspondences between the criminal world bankstas, government officials or the Brown Shirts working for the economic crime syndicate who are making sure that workers continue to suffer at the expense of those who were responsible for fraudulent loans through their naked securitization of worth-less paper transactions called mortgages.

Is Wikileaks being used by the fearmongers to regularly feed the site managers gossip, rumors, mini-truths, manipulative memos, leaks, and such in order to distract Americans from the actual damaging truths-to-be-told, so as to make them believe that what is being released is dangerous to our national security and the world’s overall stability between nations? My guess is yes. As Washington’s Blog says, unless there is a release of actual criminal behavior, as performed by the bankstas, they will work their darndest to stay on top of the fearmongering heap so Americans stay afraid of what truth might actually be released. Washington's Blog

We should be so grateful that Bada Bing Bernanke is out there printing money through the issuance of new Treasuries via QE2, and receiving banksta and primary dealer deposits back into the Fed’s reserves so he can monetize them and lend big piles of cash to the likes of JPMorgan, Bank of America, Wells Fargo, Citi, UBS, and DeutcheBank in order to make sure that JPMorgan’s silver naked short sells, and the bad loans and speculative losses of the others can be covered; and so Citigroup, and the other insolvent bankstas, can swap their insolvent toxic mortgage debts (for Federal Reserve cash), which have little to no paper trail. These criminals are now after YOUR paid off mortgages, as well. See this.

While you are at it read these, too! See this. And this.

The Goebbel’s propaganda machine would be so proud of how the U.S. has adopted their brainwashing tools to control the message.

President Cave-Man Obamadier (Look Out Below!) has attempted to smoothly explained to the American Sheeple that all positions of strength that could be used to protect our Real Economy must instead be ripped apart so that the financially-driven greed economy can be further fueled by the Obama Hope and ‘Yes We Can’ slogans begging those laughing-out-loud elites to fire up new domestic jobs for the poor great unwashed slobs who are un and underemployed. No such luck. President Cave-Man Obamadier is a complete nincompoop who has been sleepwalking into the arms of the GOP jihadi Congress, while they whip him with their campaign contributions from the corporate royalists. Who does he think he is? Martin Luther King? Gandhi? The Pied Piper? Peter Pan? David-the slayer of Goliath? Or, maybe he is just Gulliver, all tied up by the GOP Lilliputs.

Why? Well, because he would rather give up than fight. He believes that they will win anyway; therefore, there is no reason to bombardier them for what most of the Great Unwashed believe is right and best for the survival of the nation; and, who built this country through their hard work and dedication to their jobs and careers. Yet, he is not willing to make the GOP jihadis fight for their damaging austerity positions. He is not willing to call them out for what they are---self-centered, egotistical, neo-fascist plutoarchs. He is not willing to make them declare publicly that their interests lie with the elite oligarchs who feed their bank accounts and revolving door-after-government paychecks.

Barack Obamadier is an incompetent president-a sell-out to his supporters. A coward of the highest order. He is the Manchurian President.

For a Democratic president to put forth the tactic of selling bad ideas allowing the mega-rich to continue their inheritance tax breaks during a time of war and economic crisis, and insisting that if we don’t see the benefit in it, then it is our own fault for ‘not getting it’. Workers have to also enjoy the idea that a reduction in Social Security contributions is also good medicine because the economy needs all THEIR money to be spent in the real economy, since the rich don’t have to.

Cave-Man Obamadier wants to keep fear alive. He says that if we don’t swallow his toxic medicine pill, then the economy could slip back into a double-dip recession. WTF! Did we not hear this same Chicken Little scam story during the LilBoyBush presidency when Congress was called in by Bernanke and Paulson to give the biggest crime syndicate bankstas a bail-out without a single contingency, otherwise there would be a major collapse of our economy forcing Martial Law to be declared? Did we not hear that if we did not go into Iraq, we might see a pluming mushroom cloud over an American city?

Once again, we are hearing this moronic nincompoop of a president say that if working class people don’t swallow the poison pill filled with tax cuts for the richest among us, and if we don’t allow for Quantitative Easing of $600 billion to go into the hands of the richest bankstas and elite among us to gamble further on speculative foreign and domestic investment schemes, and if we don’t accept a lowering of Social Security contributions, then we are just a bunch of dirty, smelly ingrates who should be handed a plate full of austerity for own good. Get your forks ready!

The richest among us deserve to live well, while the rest suffer.

This is the reality Mr. Cave-Man Nincompoop President as you lick the asses of the GOP who are already kicking you in the balls as they consider voting against your plan because of continued unemployment benefits (you cannot win for lose, therefore go for the real win on behalf of the Great Unwashed)…here it is---the reason this economy is going nowhere fast is because demand has diminished since working class Americans are all spent out and are trying to remain solvent any which way they can, either by walking away from underwater mortgages, or cutting back on utility expenses, food, fuel, cable and more. Another reason why this economy is going nowhere fast is because there is a disproportionate wealth distribution pushed toward the top, which means that there are those at the top of the income/wage scale benefiting hugely from the socialized government welfare that allows them to legally steal from the Treasury through the tax codes, and Federal Reserve handouts, while the rest of Americans are losing their savings, their homes, their jobs, their retirement and more.

So, Mr. Idiot President who appears to be very afraid of the Grotesquely Outrageous Psychopathetics (GOP), you have decided to keep fear alive.

Therefore, you are pathetically grotesque yourself!

Thanks for reading. Jerry

http://eye-on-washington.blogspot.com   

Keith Olbermann Calls Out Obama

President Obama has been the GOP's president in abstention. Since John McCann lost, Obama sat in for him.

Visit msnbc.com for breaking news, world news, and news about the economy

John Stewart Calls Out Bernanke

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Americans Are Again Told to Be Afraid

President Gumpy Cave-man Obama continues to walk among the GOP’s gun slinging villainous jihadis blindly wielding his empty squirt gun believing his stylistic approach will be effective in neutralizing their venomous rancor. Is Gumpy working with a full deck? Has he been ingesting too much Tryptophan from those late night tall glasses of warm milk and turkey sandwiches down in the White House kitchen?

Gumpy Cave-man has folded into the GOP’s jihadi web of death as he proclaims to be our latest “decider-in-chief” believing that further tax cuts for the upper “single-digitizers” of the economic food chain will stimulate domestic demand as they spend their aggregate $600B in tax refunds inside the speculative foreign investment marketplace “engaging in interest-rate arbitrage (the carry trade), currency speculation, commodity speculation (driving up food and mineral prices sharply this year), and buying into companies in Asia and raw material exporters.” (“US “Quantitative Easing” is Fracturing the Global Economy”, Professor Michael Hudson, Globalresearch.ca, 10-1-10)

Gumpy Cave-man has been spending too much time auditioning for the role of the Great Pretender left behind by previous presidents, in spite of the fact that the world stage performance has been in full production with the seats filled with suffering workers, pensioners and retirees. He doesn’t need a chief-of-staff, but a chief-dope-slapper, but even that probably wouldn’t knock a bit of sense into his gumpy brain.

The ink is barely dry on his party driven shellacking as he turns over his week’s lunch money allowance to Da’Boner Boehner, and Scarecrow McConnell, along with the rest of the Grotesquely Outrageous Psychopathetics drooling over their master middle class machination.

Gumpy Cave-man basically said recently how China is the globe’s reverse extortionist as they peg their currency’s value to the US dollar instead of floating it higher based upon their economic surplus. They learned that lesson from the US during their 50-plus year hay day as the globe’s manufacturing giant and king of the finished goods. But now, Bernanke, Geithner and Obama are upset that China has become the supreme king of surpluses and they preside over the globe’s largest deficits; yet they are aggressively trying to manipulate China’s currency, as well as other currencies issued by surplus exporting nations, through Quantitative Easing. “By forcing up targeted currencies against the dollar, this U.S. outflow into foreign exchange speculation and asset buy-outs is financial aggression. And, to add insult to injury, Mr. Geithner is accusing China of “competitive non-appreciation.” This is a euphemistic term of invective economies seeking to maintain currency stability. It makes as much sense as “aggressive self-defense.” China’s interest, of course, is to avoid taking a loss of its dollar holdings and export contracts denominated in dollars (as valued in its own domestic renminbi).” (Professor Hudson’s previously noted article.)

“Mommy that is not fair that Beijing Benji has a nicer lunch box than I have!”

The real question should be why doesn’t Gumpy Obama tell the world, and the American people why it has evolved this way? Why is America the grand loser on the world stage? He hasn’t spoken a word, or told the whole truth, but what he has been doing is chastising China for keeping their currency pegged to the dollar even though multinational US corporations are the reason why it is this way, since they want to sell their cheap stuff at low prices at the company store-Walmart.

Gumpy Cave-man Obama has stayed silent about the outsourcing invasion into China and the GOPster’s support of America’s nationally created corporations that left the American worker with the burden and heartbreak of watching their personal assets deflate and personal rising debt levels. Any savings demonstrated by working class Americans (3%) has been going to paying down their debts, mortgages and credit cards.

Gumpy has said nothing about how he has allowed Bada Bing Bernanke to continue with his politically driven and knowningly failed policy of QE1 and now, the projected QE2. Here is what Michael Whitney has said about the bearded wonder’s bombastic blunder…

“Bernanke has pinned his hopes on QE, which merely adds to bank reserves, lowers long-term interest rates and angers trading partners who’ve seen capital flee the US for better returns in their markets. This is a backasswards way of addressing a rather straightforward problem: lack of aggregate demand.  Oddly enough, Bernanke knows that his policy won’t work because he did extensive research on Japan’s Lost Decade and recommended coordination between monetary and fiscal authorities to end deflation. QE was tried repeatedly and failed.” (“Save Those Greenbacks for Fish Wrap”-Bernanke’s Dollar Policy, 11-9-10, Counterpunch.org)

What we have today is a government that continues the LilBoyBush--Joseph Goebbel’s tools of propaganda peddling in order to convince the American people to ‘be afraid’, and to ‘be afraid’ so deeply that they are willing to give up their wealth, security, and power to the “plutoarchy”.

As we all remember after the tragedy of 9-11-01, LilBoyBush told all Americans to ‘be afraid’. He repeated a Goebbel’s style mantra hundreds upon hundreds of times brainwashing the masses to drink his personally concocted Kool-Aid snack drink that accompanied the fearmongering propaganda.

The GOPsters jumped for joy following 9-11 because they could then take advantage of this human tragedy to loot the treasury, and feed the Sheeple enough propaganda whereby they wouldn’t complain as they watched their working class jobs continue to be shipped overseas, or that a massive transfer of wealth be pushed upwards into the greedy clutches of those who created the economic train wreck in the first place.

We have had the GOPsters reject a bill that was presented in October that would have taxed any company that outsourced American jobs (Creating American Jobs and End Offshoring Act).

Now we have Palin being propped up by the foot soldiers of the plutoarchy as she explores a run for the 2012 GOP nomination. She is continuing the LilBoyBush-Goebbel’s style methodology of instilling fear—her fear of “our democracy and Constitution being in jeopardy”.

So, what is the GOPster’s cure for protecting democracy and Constitution? It appears they want to fix our fears by cutting Social Security benefits, Medicare and Medicaid benefits, lowering the minimum wage, and creating a Ireland/Greek-style austerity program even though the Federal Reserve and government has showered the elite with $12T in economic relief, along with tax cuts and subsides, while $1T would protect the working class.

None of the fearmongering GOPsters, or those in the administration, speaks about why our deficits continue to grow. Dr. Dean Baker explains it this way...

“First, the current deficit should not even be viewed as a problem. Yes, a deficit of $1.4T is big, but this is a direct result of the loss of demand stemming from the collapse of an $8 trillion housing bubble. This bubble was driving the economy until its collapse. This bubble was driving the economy until its collapse.”

He went on to say in the piece titled “Plan From a Parallel Universe-The Perverse Priorities and Fatal Flaws of the Deficit Commission Report”…

“To no one’s surprise the co-chairs decided to include cuts to Social Security in the mix, even though Social Security has not contributed to the deficit. The program has a designated payroll tax and is prohibited from spending beyond the money provided by the tax. It is structurally impossible for the program to affect the deficit.”

“The Simpson-Bowles approach involves raising the retirement age, cutting benefits for middle-and higher-income workers, and reducing the annual cost-of-living adjustment so that retirees would no longer see their benefits rise in step with the consumer price index (CPI). Raising the retirement age seems more than a bit unfair, since most of the gains in life expectancy have been going to workers in the top half of the income distribution. Workers in the bottom half have seen minimal gains in life expectancy over the last three decades. The cuts in the benefit formula will hit anyone who has average wage earnings over their lifetime of more than $36,000. This is not most people’s definition of affluent. Simpson and Bowles do not seem interested in accuracy; they want to cut benefits.”

This wasn’t all Dr. Baker had to say. He went on to point out how the pegging of the cost-of-living to the CPI using their formula would affect the oldest people, mostly women, hardest over a 30-year period of time!

It is all about ‘be afraid’ of the deficit and the social safety net that have been allotted to the working class people. The elite want to scare middle and lower class workers into believing that austerity is required, yet the richest among us are the ones who have created this economic disaster, and have not had to pay a penalty for it.

Reward the rich, and penalize the workers, pensioners, and retirees.

Now we have Michael Chertoff, LilBoyBush’s Homeland Security moron, who was supposedly supervising Heckofajob Brownie during the Katrina disaster, is telling Americans that they need to ‘be afraid’—‘very afraid’---of airliner travel and that feeling up your “junk” and going through full body scanners is needed for airport security. Chertoff is getting very rich as a result of these scanners. He is now in the fear business.

We have learned as a result of current arrests of Islamic fundamentalist individuals who have wished to kill Americans in the name of their own religious jihadi beliefs that it was not the military that uncovered the plots, but had been thwarted as a result of police and FBI investigations leading toward sting operations, which brought about the arrests.

The ‘be afraid’ Trojan horse pushed into the faces of 98% of Americans is a ploy used to distract us from the real issue of mega-corporate theft brought about through the Fed and Treasury. A purposeful theft that followed a planned demolition of our entire economic system for the purpose of theft fully frothed with criminality and silenced with campaign contributions and “revolving door” sponsorships that allows the government colluders involved in higher-up government decision-making to join the private sector with lucrative contracts paid for by those same government paid private sector foot soldiers. Therefore, Americans are told to take their eyes off the real causes of the economic collapse, and instead, ‘be afraid’, ‘be very afraid’ in order for the theft to continue uninterrupted.

When Americans decide they are not afraid, but angry enough to protest against the richest Americans owning our government, public policy, as well as economic sectors and policy, it will be only then that this nation will get back on track.

I am sorry to say that Barack Obama, nor Sarah Palin, definitely will not be the ones to perform this overwhelming task, but must be the American people who will raise up their windows, then lean out of those windows, and begin yelling out, “I am mad as hell and I am not going to take it anymore!”

Thanks for reading, jerry

http://eye-on-washington.blogspot.com


P.S.
Here is a discussion of a documentary that shows how many Americans accept being the victim instead of getting very upset and angry at the very banksta crime syndicate mobsters that stole their jobs, homes, and savings. Watch here.

Obama Did Not Just Get Shellacked, He Got Decoupaged!

So now the electorate stopped the Blindfolded Bumper Car Circus ride, to let off a whole bunch of Democrats in order to allow the Regressives to board so they can drive blindfolded into that good night. The fickle American voter had had enough of a traceable recovery with the bulk of the growth going to inventories. They want jobs and they want them NOW!

The heck with health care reform, or the Regressive’s negotiated Financial Reform bill, they want jobs, and they want them NOW!

The heck with the fact that the Regressive agenda is to further enrich the oligarchs with tax cuts that will give them years of free gas for their fleet of SUVs and Porches sitting in their heated and decorated garages. No matter that the tax cut the Sheeple will get may pay for their cell phone bill for a few months, at the most; but, they want jobs and they want them NOW.

No matter that the Regressive agenda as the defeated Ken Buck of Colorado had proclaimed, in addition to tax cuts, must be to cut the federal budget in order to bring about job growth. Is that like saying if cut off your thumb, you can grow a new one through wishing, and hoping, singing and praying?

I am sorry to say that these Regressives fit into this metaphor printed on a sign at the glorious Rally for Sanity event on October 30^th in D.C. where it said, “A wrap is not a sandwich.” The way it can be applied to the Regressive Blindfolded Bumper Car drivers is that, even if you finally become a grown up semi-educated person, it does not make you smart, let alone a representative of tens of thousands, hundreds of thousands, or even millions of your fellow Americans, even though it may appear to be so.

Mr. John-da’boner-Boehner, who has become the turd that has now floated to the top of the House majority leadership ranks of Regressives believes that the Regressive agenda is one wholesome goal. It must be similar to taking Castor Oil when you are not even sick.

I find it remarkable that educated people believe that reducing the GDP, cutting the budget, which does not include defense spending and two wars, giving a tax cut to the rich, who don’t need it, since much of the money they earn is not immediately circulated into the domestic economy, and cutting job stimulus, and government spending will ultimately create private sector jobs. Hey, I have some fresh snake oil proven to cure whatever ails ya’!

This really shows that what constitutes for gray matter in the brain is really only Silly Putty. Mr. Boner, please tell your Sheeple voters exactly how you can accomplish job creation by cutting the federal budget, and how that action will suddenly enlighten the consciousness of cash strapped small business owners who are barely holding on to a dwindling consumer base to begin borrowing once again. And, please tell all of us how you are about to get those cash rich mega-corporations, that have squeezed worker pay, lengthened work hours, and cut jobs to improve earnings to hire more domestic workers?

What we are seeing is a continuation of mortgage foreclosures, and mortgagees walking away from homes that have lost all their equity. We are continuing to see jobs being shipped overseas. We saw in October that the Regressives, who have been drinking from the public trough and the teat of the Chamber of Commerce, voted against the bill that would close tax loopholes and the allowance for tax breaks to companies who ship jobs overseas.

I guess they see the elimination of minimum wage, and benefits to be the way toward job creation and improved consumer spending. It appears that Mr. Boner’s tanning lotion has poisoned his nervous system.

This is how they will bring jobs to Americans without jobs. The Regressive plan will likely be to ship American workers over to China, India, Indonesia, Vietnam, and South Korea to work in their factories, on their shipping docks, and in their warehouses.  Maybe that would be a great idea. That would take people off of Food Stamps, and cut them from their regressive unemployment benefits. It would also reduce our population by hundreds of thousands, if not millions of ungrateful citizens.

Once the new Congress is sworn in, the House will have new committee chairpersons. It is very likely that we will see the Obama cabinet brought in for questioning about their past decisions. That might be a good idea. Geithner has a lot of explaining to do. Maybe they can ask for his papers and then, we can finally know if he is an illegal alien or just from another planet.

Bada Bing Bernanke will likely be kept from this new wrath of tyranny by the Regressives, since he is about to print some new cash—several hundred billion dollars worth---to hand over to the bankstas that still have toxic mortgage debt to stick up the public’s butt. This will be called Quantative Easing 2. That is when the Fed provides a whole bunch of liquidity to those who are already swimming in cash, more cash than ever, in exchange for their bad boils and cancerous birthmarks. Sweet deal!

Under this cash giveaway, the real economy continues to sputter and spew empty fumes because the banksta elite bathe in their Federal Reserve’s pot of gold to be spent on speculative investments in order to further their revenue stream of fees, commissions, rents, and tax receipts, such as when they buy up delinquent property tax lien payments and milk these suffering homeowners dry by charging them hundreds of a percent profit on the money owed. There is nothing like stealing candy from a baby deep in debt, and delinquent in their tax payments. It sounds like a legalized extortion racket.

We now live in a kleptocratic plutocracy.

President Obama will be just sucking wind for the next two years. The Regressives are in a precarious position because if they move toward a position that people feel is too regressive, then their asses will likely be rubbing against the ground as they exit after their terms are up. And, if Obama doesn’t stand tall and re-examine his failures with a clear mind and with honesty, he will bring about a President Palin in 2012. He must move aggressively to make these Regressives show all their cards and lay them face up on the table before he even makes a deal with them. Shoot first and ask questions later.

He must move to reshape the financial agenda in this country and make sure that the hemorrhaging of jobs ends very soon, otherwise he will be toast. Yet, without revenues, he will be unable to bring forth investment in new manufacturing and sustainable job generation.

After listening to the Obama speech following the Democratic defeat, it appears that a concession was already handed over to the Regressives in the form of continued tax cuts for the wealthiest among us. Will this be the first of a series of cave-ins? I wouldn’t be surprised.

The bloviating scarecrow-Mitch McConnell, along with fellow vampires, are already speaking about an amputation of the health care reform bill and proclaiming that most Americans want it stopped. The stats show that around 31% of the American people want this bill expanded and 30% want this bill kept right where it is, yet many who feel this way voted for the Regressives. So much for protecting ones self interests.

What continues to be interesting are the voices of progressive political writers who keep thinking that Obama can pull off the forward movement of change. That would be like a competitive cyclist racing for two years and losing, or coming in third or fourth place, beginning to win them. It is possible with lots of training, and dedication and commitment to the idea of winning. The only way Obama can begin to win the races would be with massive injections of steroids.

I was reading how Obama could use his political muscle through his executive powers. It has been suggested he could demand extensive regulation be performed on the mega-banks, as well as execute deep audits to these financial institutions. He could force the mega-banks to work with underwater homeowners.

He could authorize the IRS to audit and seriously regulate 501(C)4 and 6s in order to make transparent exactly who are buying candidates through their secretive non-profit funding groups. He could proceed with criminal prosecutions of our worst environment polluters. He could insist on tighter and stricter enforcement of trade accords.

I would like to know exactly how the Regressive Congress would bring about job growth when they have been at the forefront of job outsourcing over the last 30 years, and reaping the financial rewards by doing so. Thank you very much!

It appears that President Obama has many options open to him if he were to decide to inject a few vials of high potency steroids into his body, but I suspect he will stick to his daily dose of a 4 ounce glass of Tang in the morning instead.

Thanks for reading, jerry

http://eye-on-washington.blogspot.com