State Controlled Terrorism

Terrorism. That seems to be the word of the moment following the colossally horrific act of violence the world watched during the Boston Marathon.

Our nation is filled with terroristic acts from bombing abortion clinics, to sending poison through the mail, to assault “rifling” an elementary school. The United States is overrun with perverts and sociopaths.

To define the word terrorism: the use of violence and threats to intimidate or coerce, especially for political purposes.

The United States engages in terrorism on a regular basis. Our government has legitimized the use of terrorism through its state run acts of aggression against nation states, its people, and through its behavior.

We just learned, and this was no surprise, that the Bush administration’s deniers of torture were liars.

The problem is that the U.S. engages in violent acts of terrorism, yet we also have to acknowledge that the U.S. government has legitimized non-lethal force of terrorism, which is used to intimidate or coerce for specifically defined political purposes.

It begins with the radical right-wingers on the Supreme Court, which through their legal decisions have created their own version of non-lethal violence against average Americans. Citizens United is a significant decision that unleashed extraordinary amounts of money into campaigns and into advertising that is in itself violence against the average American’s way of life. When billions of dollars are handed out to political candidates that address the mandates authorized by the corporate elite, we have a plutocracy that orders how the country runs its policies and laws.

Citizens United funds influential “think tanks” and lobbyists to roam the halls of Congress muscling the people’s representatives to write legislation that is in the best interests of the corporate elite and the 1%. And, we have lobbyists, such as those hired by the NRA, who manipulate, coerce, and intimidate for political purposes. That is terrorism.

President Obama spoke about how terrorism cannot keep the will of the American people down, and how he will authorize whatever it takes to find the actors, yet he has not done a darn thing to stop the non-lethal form of terrorism unleashed by the megabankstas, the NRA, the Religious Right, the Tea Party, and those in Congress that are hell-bent on controlling women all over this nation through the closing down of women’s health clinics that discuss abortions, or do nothing when American jobs are sent overseas to countries that exploit workers.

The White House, the Congress, the Pentagon, the Supreme Court and all the others spend a great deal of time oppressing hard working people through their non-lethal forms of terrorism. The issue here is just how dulled the American people have become to what has actually been done to them. They accept it. The only form of terrorism that upsets them is the violent type that we saw at Newtown, and now in Boston, yet don’t even put the pressure on their legislators to do anything about it. Only until the violence comes knocking on their door do they open their mouths.

People cringe when they see innocent people mowed down for no apparent reason, yet there are reasons, although insane, that exist. The White Supremacists have their insane reasons; the radical Christian right have their insane reasons; the radical Israeli right have their insane reasons; the radical Muslim right have their insane reasons; the radical Tea Party have their insane reasons. The corporate elite have their insane reasons. Insane reasons are everywhere. The United States is filled with perverts and sociopaths.

Sadly, it will never end until the American people take back their government from the perverts and sociopaths that walk the halls of Congress—especially Congress, and stop accepting dangerous Supreme Court nutcases that should have never been allowed to sit on the bench for the rest of their lives!!!

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

The U.S. Will Remain In Recession With Commodity Inflation For A Very Long Time

I don't see any real growth out of the global recession anytime soon. When we have the bankstas still running free and not behind bars, and when we have the biggest banks, such as BoA, still siphoning taxpayer cash without settling its own toxic debts, when we have significant wage discrepancies forcing the middle and lower class of earners to increase their personal debt while wages remain basically stagnant, when we have major corporations, such as the oil and gas industries, draining taxpayer cash through subsidies while making lots of cash and giving out big bonuses, when we have other nations dominating in alternative energy development, when we have tax dodging American-based corporations going off-shore to shelter their profits, and when we have corporations going to China to seek cheap labor while the Chinese Central Bank spends billions of dollars on infrastructure, and supply-chain operations to support American manufacturing, then it is likely for the US, and other countries, will remain in recession.


Our so-called leaders are hell-bent on preserving their own power, the corporate gravy-train in the form of campaign contributions, and the Supreme Court is a political arm of the GOP making activist decisions on behalf of corporations instead of the good of all people, which are really not corporations.


The U.S. is headed for some tough austerity initiatives under a Romney presidency, and a TeaBagging V.P. (Tea Parties are for little girls with imaginary friends.) Be prepared for more of the same but worse.

If Romney fulfills his hard-on to cut public sector jobs and hand them over to private sector contractors, the costs will increase, but with treasury revenues down, someone has to pay. It will be paid via austerity: cuts to public pensions, public supported health care, etc. Remember, wages are stagnant. With austerity in place, recession will raise its fiery head. Average wage earners will pull back spending, and that will increase unemployment numbers; and, small businesses will end up folding their doors. Many big box stores will shutter-r-up, as well. 

Already, only half of working age Americans have jobs. The other half are either not working, have stopped looking or are underemployed. Those under 25 and without a degree will stay screwed. An entire generation without work still live at home. A generation of jobless youth is frightening. That sounds like Iraq, Egypt, Syria, Afghanistan, and the Palestinian territories. Angry youth with guns is very dangerous!!! That is why the Obama administration continues the Bush era plan to spy on, and track all Americans. Strip searching just for walking is now the law of the land; along with laws that allow people to shoot first and ask questions later is growing. Trayvon Martin learned that the hard way! And then, you can be jailed indefinitely if considered a domestically bred terrorist, even if you are not. That means protesters, too!

The Supreme Court has already allowed corporations to own and buy up our government lawmakers.

They realize what is coming into their future. We inch closer to fascism instead of toward a self-sustaining, productive, and employed nation, along with a heavily divided economic hierarchy who owns and controls the nation's wealth and its distribution.

Grid lock will be the wave in a split and divided Congress who are generally fearful politicians scared of voter/constituent blow-back once they finally understand the punishment they will receive.

Bernanke is at the end of his QE handouts. He may do more under Obama's presidency, but who knows what it will look like in 1-2013.

With Teabaggers by his side, Romney will be extremely afraid of the backlash if he doesn't fulfill his regressive pledges.

This is the New America. Be prepared. Plant a garden of vegetables, and buy a wood stove and collect a stack. Pay off your debt as much as you can. Live more simply. That will make you happier.

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

My Year End Summary

A happy new year to you and to all of you commenters and blogwatchers. We have been here weekly for many moons now, and little has changed in the streets of Washington, DC. Instead, we see viper radicals wanting to become president lining the GOP podium. What will solidify an Obama victory would be Da'Trumpster running as a Independent, as he has recently inferred.

The world is operating on a shell game mentality. The commoner is angry but really has nowhere to go. The Occupy movement has offered a place to stand with a loud voice, a wagging finger, a carrying of signs that might read "American IS NOT A Plutocracy!!", or, "And Justice For All--So, When Does That Happen?".

The fatcat elite keep spinning the Wheel of Fortune each and everyday hoarding massive amounts of capital gains, dividends and profits from market manipulations, stashing cash at the Fed, or destroying foreign sovereign economies.

Our elected representatives, wealthy as they are, continue to gum up the system with attached bills to the major bills hoping to bring about a massively long XL Pipeline down the bowels of the nation to the anus port of Koch Bro refineries in Texas. All the while, the Canadians don't want to build the damn thing themselves.

The Golums in Congress want to strangle working people and make them even more as indentured servants by keeping the country from creating a new vision, such as localized/neighborhood/community based energy generation systems, support for an expansion of localized food sources/farms, effective mass transit systems, an economy where "job growth" is not just a talking point for the nation's bullshitters, and the political psychopathetics walking the halls of government, more affordable healthcare, a halting of all war profiteering, along with an end to wars and occupations, and a conclusion to the war stimulus packages that are an unsustainable transference of wealth from the taxpayer right into the hands of the corporate campaign donor elite, and finally, reinstating Glass-Steagall, and ending the Commodity Futures Modernization Act both of which were brought about by Mr. Humpty Dumpty Ging-grinch himself when pretending to be the Speaker of the House under the Clinton administration, and an end to the corporation as a citizen followed by an end to private funding for elections. The list is endless!

The merry-go-round of world economies are more like a cork screw slowly burying any real chance of national economic recoveries without smothering the commoners in the process.

Our only real hope is that the Occupy Movement actually holds a national general assembly meeting on July 4, 2012 in Philadelphia to make a stand against the political predators that hold offices today. The 99% need to place the flag in the ground and declare a public announcement that we are not going to take this crap any longer, and if you are not on the side of the 99%, then step aside and get out of the way.

Happy New Year from us at:

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

The GOP Clown Car Unloads

America is surrounded by a thousand clowns, which are dangerously delusional clowns pathetically grotesque and diagnosed and/or undiagnosed with sociopathetic or psychopathetic disorders. Many roam the boardrooms and executive suites of the multinational corporations receiving various government subsides, which improves their profits, bonuses, expense accounts, and dividends off the backs of average American wage earners, students and children, as well as seniors. Mega-companies that are involved in farming/ agribusiness, oil/natural gas are just two sectors that receive government subsides, handouts, freebees, tax breaks, and more.

In addition, we have Wall Street corporations that benefit from military contracts, as well as Pell Grants, such as the University of Phoenix, and other for-profit universities and colleges. Many of these Wall Streeters also receive bailouts or obtain near zero percent Federal Reserve handouts. If we continue strolling through the clown tent of Congress, we see medical research hospitals doing drug testing all of which benefits the predatory drug and pharmaceutical companies. All of these mega-corporations hire lobbyists to “convince”-- “persuade” legislators, presidential advisors, cabinet appointees, Supreme Court Justices, and the other parasites that live on the corporate hosts to design legislation that benefit their predatory practices all of which leads to scrumptious salaries, bigger bonuses, extraordinary expense accounts and smiling shareholders, along with reduced regulation.

But all the while, we hear their legislative lackeys lipsinking their corporate message of smaller government, lower taxes, and praising their free-market-free-enterprise fantasies. Without government’s “intervention” strategy that is designed to fill up corporate balance sheets with government revenues, there would be NO Wall Street clown cars making noise. Many would be Pink-Slipped like many of their underlings have been over the years.

Corporate socialism has out shined social handouts. Yet just this week, we heard from one of the GOP clowns John Cornyn who said that his Grotesquely Oligarchy Psychopathic Party want to stop the “spending spree” in Washington!!!

Where were the destructive clowns over the last 30 years, and especially under the spending-free-for-all under LilBoy Bush? That’s when we saw subprime home mortgages handed out to anyone that could stand in line, any line, and when those predatory private “universities” siphoned off billions of dollars from the government all the time knowing they were enrolling many, many students who were unable to complete the degree programs. Does this sound familiar? The same “practices” went on with the predatory mega-banks selling mortgages to people who were unable to pay ballooning mortgages all the while betting and selling bets without any collateral, while leveraging those bets as high as they could, as they earned massive fees, and commissions knowing the big tent would come crashing down. But LilBoyBush, Hanksta Paulson, and Bada Bing Bernanke were there to pull the rabbit outta da hat with sweet, smelling bailouts, furry TARP funding, and more free passes to keep the corporate-socialism show on the road.

I guess Corny Cornyn, Gecko Gingrich, Bonehead Boehner, and Blathering Bachmann, along with the rest of their Ghoulishly Oppressive Party who brought about two massively expensive wars, which ruined the lives of thousands/millions of people, while simultaneously creating a bloated and over-the-top Homeland Security program financing crony capitalistic corporations, such as Blackwater, Halliburtion, GE, and former HLS chief, Mr. Michael-Revolving Door- Chertoff’s airport body scanning business-The Chertoff Group, among other predatory corporations requiring taxpayer funding to function. There is nothing like feeding your own zombies with taxpayer cash.

Is this like the FBI covering the backsides of the telecommunications companies who are giving away freely YOUR personal data, while the government says that we don’t need to know which cell phone and data phone companies are doing such things in the name of national security? If you knew that your cell phone company was giving away your personal data to the FBI, would you drop your company?

While this government spending spree gala was going on, approved, and sanctioned by the GOPers and their leashed compatriots called Democrats, worker’s wages weakened into stagnation, or just collapsing, as job seekers got canned from one job, then forced to take a pay cut if they were lucky enough to get a next-one. These are the same folks who led the way for collapsing home price values, presided over retirement savings getting burned, jobs outsourced, and the trade deficit soaring, all the while their corporate predator campaign contributors ravaged the nation. But the GOP decided to blame the current government for providing job stimulus, unemployment insurance, and an attempt to return to needed regulations, while calling it just too much socialism.

They remind me of a bunch of frat boys who through their pranks seriously injured a house guest and then plotted and spun a tall tale hoping to protect themselves from an investigation and prosecution.

They all want to cover up their motivations for screwing with the victims-the average wage earner- who pay their taxes, bills, while trying to save for a time when working will be a hardship on their body and health. As it should be. It is critical that the older worker makes room for younger workers to keep the cycle moving. But today, this is near impossible for most, since older workers find themselves required to work in order to stay alive and solvent.

We recently learned that, at least, two Democrats have come to the cover-up aid of the Grotesquely Oligarchy Psychopathetic party who have cried out in a rancorous out roar that Obummer would like to force private sector contractors to make transparent all of their campaign contributions and political donations made to officials if they want to participate in the government contract process.

Oh, the up roar this has made!!! The politicians all have declared how invasive this would be, and, of course, the public must NOT know such complicated details. They just aren’t smart enough to understand such things.

Democrats Mary Landrieu, and Mark Begich have expressed their outrage, as well. THE PUBLIC NEED NOT KNOW!!!

It is not enough that the corporate royalists, such as the Koch brothers, Murdoch, Gates, the elitist right wing think tanks, the Scaife Foundation, and others controlling the GOP, and their leashed Demodogs, along with the Tea Party.

As it has been said there is now just one party and it is called the Bipartisan Party. It is now one party ruled, and paid for by the Corporate Elite---a type of enemy non-combatant. They are the nation’s domestic terrorists. They are engaging in a jihad against their victims, who are the innocent working stiffs that make the Real Economy function. They are not in the front offices, or the corporate offices, but on the line doing the real jobs.

As Anonymous, a commenter on my other blogspot http://moontownshippa.blogspot.com, wrote in regards to the predatory Marcellus Shale drilling and Fracking industry in Pennsylvania, which I will paraphrase, ‘I am more frightened of these terrorists than any foreign ones. If a foreign terrorist poisoned the drinking water of an entire region or county of people with their toxic Fracking fluids, then there would be a nationwide code red alert with fighter planes attacking the enemy, who in this case would be the predatory natural gas extraction and processing industry. But if such an action was done by a private sector, free market capitalist entrepreneur it would be ignored, downplayed, excused, minimized, and eventually, rewritten in order to glorify them.’

It was reported that 70% of American young people are so unfit that the military cannot accept them into their volunteer army due to a lack of intelligence, obesity, criminal record, or other medical conditions.

This is the state of our decrepit American condition. Yet our dangerously deluded and professionally unfit-to-serve government representatives are focused on their preservation of the Defense of Marriage Act. Is this all they have to do? Is what is pressing on the string of the nation?

As the toxic volcanic lava flows over the nation, most of our representatives are out there trying to save their precious deck chairs.

President Obummer has stood before the nation with his staff and snake telling us that he will open up Alaskan and Gulf of Mexico oil leases and reserves as a result of the current high gas prices. Unfortunately, he has not addressed the very reason for the high gas prices---gasoline, natural gas, and home heating oil—all of which happens to be directly linked to market manipulation and futures speculation making up around 70% of the price.

The reason for this reaches back to the Commodity Future Modernization Act of 2000 and points its dirty finger at gecko Gingrich and his take-back-America GOP, which snuck into the Act, during the session’s late night hours, a provision that allowed for future derivative trading to go unregulated. LilBoyBush permitted U.S. oil and gas futures to be traded through Over-The-Counter market systems, an unregulated market where amounts traded did not have to be recorded. Goldman Sachs, Morgan Stanley, along with hedge funds had been manipulating the price, as they do now.

We should not forget how Dick Cheney and LilBoy removed many environmental rules from the oil and gas industry, which have not been reinstated under this administration’s watch. That is why the Marcellus Shale industry is destroying local environments without harsh penalties, or prosecution, and why local governments cannot write ordinances to protect their own communities and citizens from this predatory industry.

Because of futures trading, oil companies that process, and sell the actual product are storing oil hoping to release their stashed reserves until a future time when the price goes up resulting from such speculative market futures gambling. Why sell oil now, when the price is lower, when it could be sold later when the price is projected to be higher.

The problem lies with our current government. The Financial Reform and Consumer Protection Bill did nothing about such commodity pricing manipulation, nor has President Obummer. But instead, he proclaims the problem lies with not enough corporate elite predatory domestic drilling.

Drill Obummer, Drill!

This is the State of Union today!

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

America: The Land Of The Free Lords And The Indebted Serfs

The economy of the United States appears to have been divided into three parts, or “stimulus packages” that become clearer by the day. The most primary part is the financial-investment banking economy, or stimulus package, has been backstopped with nearly $13 trillion by the government. The financial stimulus recipients don’t have to ask for assistance when they are on the edge of bankruptcy. Government agents, such as former Treasury Secretary Hank “The Paulie” Paulson, current Treasury Secretary Timmie “The G” Geithner, and Federal Reserve chairman Bennie “The Beard” Bernanke all demanded that their financial crime syndicate bosses be thrown life preserves as their sinking investment banks were going down.

The next part of the economic stimulus is the War Profiteering-Pentagon-Homeland Security’s War on Terror economy. They drain over one-third from the yearly U.S. budget to fund private sector companies that are obviously unable to make a go of it in the private sector’s free marketplace. So, they are given lucrative contracts in order to enrich companies, such as Northrop-Grumman, Blackwater, Boeing, General Dynamics, GE, Halliburton, Bechtel, Custer Battles, BearingPoint, Exxon, Mobil, Chevron-Texaco, and a host more Treasury vampires feeding from the taxpayer’s cash troughs. These companies need the public sector, or one might say government “socialized” business contracts in order to satisfy their shareholders, pay bonuses, and fatten up business expenses. They don’t have to come ‘uh askin’ for the government’s socialized checks, they just answer the phone and write up the orders.

The third part of the economic stimulus economy is the most vulnerable. This is the real economy, which includes everyday working people packing up their lunch buckets, and filling their coffee thermoses as they head off to manufacturing and service jobs. Their goals are to create things, make things to sell in the export marketplace, as well as to sell domestically. They are asked by President Obama, “I want you to tell me what we (government) can do to bring back jobs.” The American worker has to come up with the ideas and plans to explain to the leader of the free world just what has to be done.

The workers that make real things that don’t go boom or poof in the night skies of our multi-billion dollar war zones have to go begging for lines-of-credit for their small business operations, since the gluttonous investment bankers would rather use the money they are “loaned” by the Federal Reserve at zero percent interest in Wall Street manipulative gambles, or in foreign currency speculation buys, or in commodities rather than expand lending to Main Street and Side Street in order to rebuild the crumbling economy of the United States after those very bankstas took it down slowly over the last 30 years, concluding with a full force gale of a collapse, with their fraudulent derivative and securities practices. They seem to forget that the cash they are loaned comes to them via the Treasury and taxpayer. But President Obama appears to like it just this way.

As Paul Craig Roberts wrote in “The Obama Puppet”,  “President Obama can promise health care to 50 million uninsured Americans, but he can’t override the veto of the war lobby and the insurance lobby. The war lobby says its war profits are more important than health care and that the country can’t afford both the “war on terror” and “socialized medicine.” “The insurance lobby says health care has to be provided by private health insurance; otherwise we can’t afford it.”

Dr. Roberts, former assist treasury secretary under Reagan, continued…”The war and insurance lobbies rattle their campaign contribution pocketbooks and quickly convinced Congress and the White House that the real purpose of the health care bill is to save money by cutting Medicare and Medicaid benefits, thereby “getting entitlements under control”.”

He went on to say that “Entitlements is a right-wing word used to cast aspersion on the few things that the government did, in the past, for citizens. Social Security and Medicare, for example, are denigrated as “entitlements”. The right-wing goes on endlessly about Social Security and Medicare as if they were welfare give-aways to shiftless people who refuse to look after themselves, whereas in actual fact citizens are vastly overcharged for the meager benefits with a 15% tax on wages and salaries.”

Mr. Paul Craig Roberts, Ph.D laid it out very clearly. There is a war against working Americans by the real entitlement class. The very people who have felt entitled to “steal” from Social Security by raiding it in order to demand tax cuts and expand the lucrative contracts by the war profiteers. President Obama, Congress, the Teabaggers, and the lapdog Blue Dog Democrats feel perfectly fine with the real entitlement class of those in the very top wage earning brackets feeding from the government’s socialized cash trough.

Fed Chairman Bennie “The Beard” Bernanke told the Senate Banking Committee during his re-appointment testimony that he felt that Congress should make cuts in Medicare and Social Security in spite of the fact that the American worker is getting Pink Slipped, and real patriots, such as Dr. Elizabeth Warren, are loudly warning, while sounding the alarm bells that the middle class is on the brink of further disaster. The Beard calls for “Death To The Middle Class” while he hides those who he handed out zero percent cash loans to because he feels it is not his place to put the markets at risk, yet he is one who allowed the market players to collapse the real economy.

Dr. Elizabeth Warren has said, “One in five Americans is unemployed, underemployed or just plain out of work. One in nine families can’t make the minimum payment on their credit cards. One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings and has left family balance sheets upside down, and threatens to put ten million homeowners out on the street.” (Dr. Elizabeth Warren, 12-2-09, Huffington Post)

Dr. Warren continued…”Families today spend less than a generation ago on food, clothing, furniture, appliances, and other flexible purchases—but it hasn’t been enough to save them. Today’s families have spent all their income, have spent all their savings, and have gone into debt to pay for college, to cover serious medical problems, and just to stay afloat a little while longer.”

As President Obama roams the brown fields of the once thriving manufacturing centers and passes by the empty factor buildings dotting Michigan, he has the gall to ask the unemployed and underemployed workers what would they want him to do. The truth is that President Obama has been told by the nation’s corporate oligarchs that they like things just the way they are.

For example, in Chicago, the president of the construction trades union is considering helping bail out a sunken developer with around $26 million in pension funds to finish his abandoned hole-in-the-ground surrounded by a chain linked fence. This skyscraper was planned to be the tallest building in Chicago, but went bust. It has gotten to the point where workers have to pay for their own jobs, while the bankstas sit fat and happy on huge piles of taxpayer funds. They don’t care if the finished building goes bankrupt trying to pay for itself just as long as workers pay for their own jobs.

The United States is turning into the land of free lords and the indebted serfs.

China pumps all their stimulus monies into manufacturing of exportable products, which can be also used domestically, yet the United States believes that Afghanistan needs around $200 billion more cash injections.

I don’t hear China’s president asking his people how to make their economic engine run faster. They have high speed rail to do that. We have Amtrak. China is building solar manufacturing plants in Pennsylvania, while President Obama is still asking what needs to be done after 12 months of being called ‘Mr. President’, and 2 years of campaigning,. Japan will be importing to their US Nissan dealerships a 100 mile ranged electric car (LEAF) for the masses in the next 12 months, which will take 4-8 hours to recharge when plugged in to your own outlet, and approximately 30 minutes at a quick charge station. But President Obama is still holding job summits, and giving speeches.

10% of the American workforce is in manufacturing. 17% of our GDP comes from manufacturing. What needs to happen, Mr. President is very simple. I believe a kindergartener could tell you what you should do. It is not rocket science. Simply stated all you do is beef up the manufacturing engine in this country. You tell the financial crime syndicate that the free ride is over and it is time they pay back all that they borrowed, with interest. You demand that the Federal Reserve gets audited so we can call in all the loans that Bennie the Beard passed out.

Next, you create a National Rebuilding Initiative, or something like that, by funding manufacturing jobs. Instead of workers sitting idle collecting unemployment benefits, you pay employers to hire workers to make things that will pull the nation forward, such as solar panels, wind generators, geo-thermal systems, electric vehicles, upgraded power grids, high speed rails, energy efficient products of all types, as well as things that will continue to allow America function. You demand that mortgage issuers cut mortgages that are underwater, but still being paid on, to street level values, and then reduce the interest rates. It is time that these bankstas eat some of their toxic garbage, and repair the damage they are responsible for creating.

Next, all workers get health care. As you put people back to work with a National Rebuilding Initiative Project by paying employers to hire workers at minimum wage, they get health care to boot. By putting America to work, workers learn new job skills, they sharpen existing job skills, which makes them more enticing to private sector employers. Taxes get paid. The GDP goes up. The trade deficit goes down. The nation becomes more self-sufficient. Workers become credit-worthy, once again, and banks begin to lend as they are supposed to. Also, you and Congress put limits on how big big-box stores can be and empower communities to refuse their intrusion into their communities. You strengthen communities so, once again, they become self-contained livable centers of life. While you are at it, give tax incentives for family farms, and place a tax on agribusiness conglomerates in order to rebuild family farms.

Regulate the investment-banking syndicate, and do away with too-big-to-fail.

Mr. Marshall Auerback, a Fellow at the Franklin and Eleanor Roosevelt Institute, with 28 years experience in the investment management and global portfolio strategy business, is a person who has expanded upon such ideas. (12-2-09, An Interview with Marshall Auerback, Mike Whitney, Counterpunch.org)

Mr. President, we are all waiting for the Change We Can Believe In, and the Yes We Can you promised. American cannot wait any longer; and, you know it, too!


Thanks for reading, Jerry


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

How Real Change Could Occur After Labor Day!!

Here is an easy way to tell Congress, the health care industry, the insane Reichstag Republicans, the Cowardly Democrats, and the rest of the elite running corporate America that we are sick and tired of their corrupt takeover of America’s wallets.

All you have to do is sell your stocks, bonds, and mutual funds. You don’t even have to leave your home, your office or your easy chair!

Call your Congressperson and Senator’s office and tell the office person to give your legislator a message. The message conveyed would be that you will be selling all your stocks that involve drug companies, insurance companies, and health care facilities. Tell them you are divesting from the thieves and moving the cash from the sale into money market funds, CDs, or your savings account. What this action will say is that you have moved your money from their access to your access.

You then could proceed to tell that legislative aide that you will likely do the same with other stocks that involve the corporate thievery that has been going on in the country over the last 30 years. I would suggest you sell ALL stock holdings, and bond holdings, and move YOUR money into cash; even if done temporarily. This action will cause the market to tumble in a big way, ultimately resulting in a big shake up on Wall Street, in Congress, and with President Obama. By doing so, you will be sending a powerful message to corporate American and Congress. The Game Is Over!!! The Jig Is Up!!! It is time to give America back to the average American worker.

The time to dump the banking stocks is now! The same goes for insurance stocks, and REITs.

If Americans were willing to use their pocketbooks to take the country back, real change would occur.

This is the way to do it. Let Wall Street know that you are just not going to take their crap any longer. Let Congress know that enough is enough, and what you demand is real change for working Americans. It is time to fix the problems. It is time to end the wars, to rebuild the nation’s manufacturing sectors, to end corporate welfare for the richest thieves that have controlled the financial economic crime syndicate, to end the question about health care and say that all health care MUST be sold by not-for-profit companies, and in addition, financial regulation must be enforced. We must say that health care is not a privilege but a right, and that everyone, in spite of a pre-existing condition, deserves to have easily affordable health care. A single-payer or government regulated private plans must be created. We must tell the drug companies that their industry will no longer hold any patents to pharmaceuticals, but the nation, and its people will hold those patents. All our drug research should be funded by the people through the government and, by doing so, it would benefit the entire populace and not just a select few.

The people are already funding much of the drug research through the National Institutes of Health government programs. The drug companies need only to manufacture them. This would drop the price dramatically, according to Dr. Dean Baker, the author of “The Nanny State”.

The way to take this country back is by divesting from Wall Street’s gaming of the system. We are sick and tired of the revival of Reaganomics and his laissez-faire, trickle down, supply side smoke and mirrors propaganda. The economy was gamed to make sure that working people would remain indebted to the rich so they could reap huge piles of cash through that debtor-creditor trap.

In order to tell those Corporate Royalists the game would be to sell off one’s stocks and bonds quickly, and overnight.

And, the only way to force President Obama to control the financial crime syndicate is for all of us to sell off our stock, bond, and mutual fund holdings and transfer our personal savings wealth into money market accounts.

It appears that Ben Bernanke, the Federal Reserve chair, has President Obama’s continued confidence, while much of the people know that Bada Bing Bernanke is nothing more than the senior field general for the financial crime syndicate and was set into that position so as to make sure that the financial investment crime bank bosses would continue to feed their insatiable need for cash through the pockets of the Treasury and the Federal Reserve.

Bernanke keeps Fed interest rates at zero percent. The banks borrow at zero, and gamble it on Wall Street stocks or buy Treasury bonds with it making easy money on the interest gained. Borrow at zero percent and buy bonds earning 3 percent interest. Forget about the real economy and those working people getting burned, as well as those business owners hoping to make payroll for another month, and keep business going throughout the next quarter.

This could be the Labor Day where Americans take back the country, or not. Here is a quote from Thomas Jefferson, "All tyranny needs to gain a foothold is for people of good conscience to remain silent." In other words, if we do nothing, then nothing changes, and the Corporate Royalists remain in charge.

It is all up to you now!

Thanks for reading, jerry

P.S. Consumer credit is dead!

Debtor Revolt

More on the consumer credit collapse

The October Surprise-The Final Bailout, a New Faith-Based Initiative

Barack Obama demonstrated an observation John McCain had made of him, although for a  different reason one might expect. McCain called Obama stubborn. How right he was! Obama had stubbornly given McCain too many passes during the debate. For one thing, McCain needed to be called on his view that the surge had worked, therefore the war in Iraq strategy was correct. Wrong, John! The reason the surge had quieted the bloodshed is not a result of the troop increase but because Muqtada al-Sadr declared a ceasefire BEFORE the troops landed on the ground. Al-Sadr will likely make a run for Iraq's prime minister position, therefore he wanted to quiet the resistance.  In addition, the Pentagon paid the Sunni Awakening Council millions of dollars to resist shooting at our soldiers, while we occupy Sunni territory. But the original mission of the surge was to give "breathing room" to the Iraqi parliament so they all: Kurds, Sunnis, and Shias could come to a power-sharing agreement. This has not happened; and, a year has passed! Therefore, the mission for the surge has failed.

A second Obama "Rope-the-Dope" opportunity missed was McCain's "love for the troops" statement, and how his "take care of them" line was false. McCain has not taken care of them. He voted against increasing funds, early on and before the outrage over the lack of protection for soldier safety, which Rumsfeld failed to deliver. The nation's anger over the lack of body armor, and inadequate Humvee plating became a huge outcry. Plus, soldiers were calling for additional time off between deployments, and "Stop-Losses". Soldiers were not even offered the same G.I. Bill that McCain was offered; nor were soldiers receiving timely medical and psychiatric care; injured soldiers even had to pay for their own clothes and phone cards while in the hospital; and, we all recall the deplorable conditions that Walter Reed Hospital had fallen into. All of these examples were not championed by McCain- the Change Candidate, the Maverick, the Outspoken One; and, he had to be led kicking and screaming to "take care of them". McCain did not vote for additional down time between deployments. His reason to vote against the upgrade to the G.I. Bill was because he felt soldiers would not stay in the service long enough for his liking. He voted with the president over 90% of the time. 

Obama needs to get-up-to-speed and utilize every defensive and offensive strategy available, otherwise the mentally-ill Republicon candidate will, once again, frame the debate. 

Also, it is OK to acknowledge specific points that you and your opponent agree on, but limit them to one or two. Keep the rest to yourself, Barack!

If Obama has not realized that McCain is a mean, angry, and mentally-ill individual, at this point in the race, then he has a real problem. When McCain got up on stage to debate Obama, he fell back into his months as a POW mustering his deeply rooted survival mechanisms needed to resist the physical and mental torture laid on him by his Vietcong captors. McCain has never resolved those psychiatric problems, and therefore, would use them as president, negatively impacting upon his decision-making, if elected. In addition, his judgement is impaired. Just look at his choice of a running mate. What was wrong with Olympia Snowe, John? Not dumb enough? Too much experience? Not a strong enough Hillary vote grabber? Oh, Olympia couldn't see Russia from her house! And, did not have a witch-doctor for a pastor; or read too many newspapers; or could recall more than one Supreme Court case. And, of course, did not look like Tina Fey!

As Michael Whitney ( Counterpunch.org) described in his article, (of which I will add literary color!), Hank "The Paulie" Paulson staged a take over of the entire financial system not unlike a small time crime boss gathering forces to overthrow a kingpin crime mobster's money laundering business. Whitney said, "He rose to power in a stealthily-executed Bankster's Coup in which he, and his coterie of dodgy friends declared martial law on the U.S. economy while elevating himself to supreme leader." This even held true on 10-1-08. It is Paulie's October Surprise, aided and abetted by the Congress, and his side-kick Bada Bing Bernanke. These two cranks held the congress at gunpoint threatening to blow the lid off of the entire pop-stand if they didn't turn over the money. "Give me the money or the whole place will go up in smoke." Then he turned to the knee-shakin' bankstas, and said, "I own ya know, boys!"

Mike Whitney went on to write that "the days of the republic are over." Section 8 of the first bailout bill said that--

                 "Decisions by the Secretary pursuant to the authority of the Act are non-reviewable                      and committed to agency discretion, and may not be reviewed by any court of law                      or any administrative agency."

Does this sound like a democracy? Neo-fascism has now been passed into law by Congress. This is a milestone moment. The Republicons, and assisted by Democons, have moved for the legalization of corruption and to be directed by a unitary executive Treasury Secretary, assisted by the Federal Reserve chairman! The foxes are now in charge of the henhouses. "No one comes in or goes out without see us first, hens!"

Obama voted "yes". It is all about the bankstas, who have brought nothing to economic growth but a financial tsunami, while abandoning a national economic CPR plan which would begin to improve economic growth. Peter Morici, Noriel Roubini, Dean Baker and others have outlined a plan that would not reward the fraudsters on Wall-Street. Unfortunately, Obama is not listening to them, either. Nobel Prize winner, Joseph Stiglitz, and Jared Bernstein are at the bottom of his advisory list, and these two should be at the top. Peter Morici's article describing how we got to this point, and his excellent solution to the crisis can be read here.

There was no Democratic congressional outrage over the Putin-style takeover of the private financial system by the Treasury and Fed, enriching these corrupt Wall-Street CEOs who will show gratitude by writing large campaign contribution checks to the Republicon Party. Will the capitulating Democons be left out? "Oh please, throw me a bone!"

The Act stated this: "designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them." I guess this means that loans will be dished out as dictated by the Government! Only those who give sizable campaign contributions are allowed into the newly established Mr. Paulie's Credit Club House.

There it was laid out by the kleptocracy that the U.S. government now controls the financial institutions, which will be paid for by the taxpayers. Don't you feel excited to be part of the game now?

According to a highly respected economist, Michael Hudson, the Treasury will use $800 billion from the Social Security Administration's account to bail-out/buy-out the Banksta Gangsta fraudster's over-leveraged, under-capitalized, and value-less toxic derivatives sitting on their balance sheets. Go ahead and use the middle classes' freshly withheld and hard-earned social security contributions. Steal from the poor and give to the ultra-rich who gambled it all away and now want a government handout so they don't miss payments on their existing vacation homes, or luxury cars, or Radcliffe tuition payments, or Lear jets, or Italian vacations, or 500 karat diamond necklaces. These bankstas are very likely Republicons who don't even pay a fraction of their incomes into social security, while most of us pay 100% of our incomes into the fund.

Bush, Paulson, Bernanke, and now, Obama, and McCain, along with their human side-arms, held a gun to the heads of millions of Americans, making up a majority of them, called, emailed, protested in the streets, and faxed their voices by bellowing out that they do not want to take the poison pill, which they were told was the thing to do for the country. They are all like the preacher, Jim Jones, who told his cult followers to take the Kool-Aid suicide drink for the good of the cause.

I cannot even recall Bush or his crime family henchmen ever doing ANYTHING for the "good of the country" unless it involved a Lie-Based Initiative Greed Program. Read the Act here. Dig more here.

Are you happy that the Royal Bank of Scotland and every other foreign central bank in the world holding bad debt will get a chunk of bailout money by selling it to the Treasury, and in return will receive bailout taxpayer money? Why? To keep them from dumping dollars on the open market? Now, it could also be to allow those banks to freely obtain Treasuries which could later be used to BUY Treasuries, next year, to help pay for an increasingly rising budget deficit. Today it is $410 billion. Will it be higher for 2009, and not lower as Bush has projected? 

The Russian president, Medvedev has said today in the Australian News that U.S. economic hegemony is coming to an end as he spoke before a Russian-German development forum. "We must work together towards building a new and more just financial-economic system in the world on the principles of multi-polarity, supremacy of the law and taking account of mutual interests." Does it really matter exactly why we got ripped off other than we got ripped off? It has been done. Here is another tidbit about the bailout. Banks can hold as little as ZERO reserves to cover deposits.  How about that? This bailout has nothing to do with Main or Side Street as the Bush Crime Family and their congressional surrogates have led us to believe. It is about protecting the Crime Family and those linked to it worldwide. It is about protecting the wealthiest among us and keeping their purses full. No bankruptcy courts for them. No transparency for their balance sheets or debt valuations. No indictments.  Steely Dan wrote a song in the 1970s called Royal Scam; and that is what we now have before us!

Obama said today, 10-1-08, that if he becomes president, he will thoroughly examine the bill and make sure the taxpayers are paid back in full. Oh yes. Don't you feel better already? Once the house catches fire, in a few months, he will come back with the fire extinguisher. 

Barack,  you really give me comfort.

Thanks for reading,  Jerry

TIDBIT: McCain says that because Sarah Palin was a PTA member helps make her qualified to take the seat of the president, if need be. He went on to say she has experience, yet Obama doesn't have experience? Is McCain of sound mind? Watch the clip here.  Watch the entire 9-30-08 Des Moines Register interview here.

POSTSCRIPT: We have been saying all along that we don't need these big financial institutions to function as a nation! Watch the Dr. Dean Baker video on the next page. I agree with his assessment that we don't need these banks. Only the shareholders, and CEOs want this bailout! Just tell the depositors to remove their life savings and redeposit it in their local and regional banks.

Toxic Banking Bailout- The September Surprise!

The political system is once again, creating a new quandary for our nation due to its failure to build a transparent government. Without appropriate supervision of its operations, and a necessary level of regulation to make sure the system responds to its own best interests and practices, and not for a select few, our democracy cannot work effectively.

This is how the derailment occurred under the direction of Alan Greenspan, the former chairman of the Federal Reserve, our nation's central bank dating back to 1913. Along with a capitulating series of presidents, who followed the prescribed philosophy of unbridled and secretive capitalism under a trickle-down theory through a pyramid-style economic methodology. Alan Greenspan, Ben Bernanke, Hank Paulson, Phil Gramm, and many within the Republican and Democratic Parties have presented us with the unbelievable meltdown we are all witnessing.

The late John Kenneth Galbreith, claimed that the trickle-down theory was responsible for the Panic of 1896. It was called by the elites of the time "The Horse and Sparrow Theory", meaning that if you fed the horse enough oats, the horse would pass on its good fortune to the sparrows hanging out along the road. No Sh*t! There is absolutely no example of trickle-down theory working anywhere in the world, as far as I have found, that would justify continuing it, beyond this point in time. It is only an idealistic, pie-in-the-sky theory.

I am no economist, but only a lay person intrigued by the crime story that has surrounded the privileged elite controlling the credit markets starting with the most powerful on top and moving on down to those who wanted to buy a piece of the wealth-accumulating dessert. 

This 30-year run has led us to where we are today. 30 years ago this crime story began establishing its foothold, building its operations and soldiers creating a cyber-wealth empire, which has amounted to somewhere between $450-500 trillion in worldwide toxic derivatives now woven throughout the fabric of foreign central banks, financial institutions, private equity funds, hedge funds, pension funds and sovereign wealth funds. Now this cyber-wealth is on the verge of melting down exposing deceptive, secretive, greedy, and extremely under-capitalized practices. 

What has been uncovered is that President Reagan's free market, trickle-down economic express-train policy, driven by his senior engineer Alan Greenspan, has finally hit the inevitable wall. Its theory was to let those at the top of the pyramid acquire all the wealth they could, and through its basic fundamentals trickle-down as a stimulus to those "sparrows" hanging along the roads of Main and Side Street. We just saw that it failed. Those 10% at the top have acquired massive amounts of wealth, while the economy has failed leaving the middle class to suffer with foreclosures and the shrinking of real wages. What we also witnessed was the top of the pyramid collapse, and and the top-tier wealth accumulators seeing their lending financial institutions fall into conservership, insolvency or bankruptcy because of their trickle-down principles. These institutions have ended up holding toxic debt that was virtually worth-less requiring them to activate their distress calls to congress and the White House. "Help, help. Save our wealth."

Now the Treasury, Fed, and President have decided to create a new Pyramid Scheme but not molded out of private free market theory, but from a socialistic, unitary executive model, which would allow the Federal Reserve, a private entity, to use taxpayer funds to buy private corporations, as they consolidate power over the private economy. 

By infusing the largest failing financial institutions with the previous recipients of the Fed's 2% open window, we will witness over one trillion dollars of taxpayer-treasury funds being given out to the Bush "Haves and Have-Mores". In addition, the Fed has provided foreign sovereign wealth funds, and foreign central banks with taxpayer-treasury funds because they're angry over their losses resulting from the Pyramid Scheme, since they ended up buying leveraged-out, AIG insured (through credit default swaps that are worth-less), and collateralized debt obligations made mostly out of mortgage debt. YIKES! Those countries took a major wealth-loss hit and want the U.S. government to bail them out, too. They seem to have forgotten that such investments are NOT safe, nor guaranteed by the U.S.  government, but risky. This has been the Great Unwinding for those at the top, or close to the top of the Pyramid Scheme. If you were not such a big player, you ended up drowning. As with the Titanic, only the elite and privileged got to the lifeboats in time leaving those in steerage to meet their fate. Remember, they all were told that the Titanic was unsinkable. That was what Greenspan and the financial institutions told their trickle-down investors, as well. SOL, as they say.

The new trickle-down fundamental is to privatize the earnings and socialize the losses. This is what McCain means when he says the fundamentals are good. They are good for the wealthiest 10% of Americans, not the many who have seen a $300 per year loss in real wages.

So how will it all unwrap over the next month, three months, 12 months? If I knew, I would be a rich guy, too. I'd be on Letterman, Oprah, Leno, and Larry King. O'Reilly would be begging me to go on his show, but I would refuse and call him a jerk on the phone. I'd be on a big-time tour, with Bono, and Krugman, and Roubini, giving out advice and selling my book and Internet newsletter. I'd have a cottage by the lake, and a loft in the city. I'd be sitting pretty during the Great Unwinding. There would be groupies wanting me to analyze their investment portfolios. You know the schtick.

But based upon my gut intuition, the Bush Bailout Plan is unsustainable. The Bush Crime Family Conspiratorial Mothership has one goal in mind, and that is to retain power for their constituents at the top of the Pyramid. The only way to do this is to get McCon elected. If and once elected, the Bush/Cheney crime bosses will hop off the White House grand cruise ship and onto their exiting water craft for safer ground. McCon and McPalin will be left to drift in the dangerous economic waters for 4 years as they so desperately campaigned for.

What the McCons don't realize is that the U.S. does not have any money of its own left to spend, therefore, they must print more for the Grand Infusion. They rely on foreigners to supply us with funds to shore up and patch up a leaking dyke. Will there be a time they will curtail their generosity toward a nation who has squandered it for "more wars, my friends", or the Halliburton/Blackwater/etc war machine, or the huge spying enterprise, or the aggression and hostility directed toward others? There is a strong possibility of it ended up backfiring into their faces affecting their own self-interests. Can the dollar improve under this new socialized economy? Or will we see that these emperors, in fact, have no clothes, as the credit market fails to loosen up out fear as cash-strapped consumers put up the duct tape and plastic around their lives waiting for the economic fallout to pass further freezing up the economy. Does this sound like 1931?

Deflation is not to be disregarded. Nor is inflation, for that matter, as it impacts upon many life-sustaining essentials. A value-less dollar is a possibility. Can banks go under while holding on to their government/taxpayer-paid-for and issued treasury life preservers? Yes! How can the U.S. repair and rebuild Iraq and Afghanistan while we, too, crumble under the tribulations of war right here at home? I don't see much time left.

The top-tier banksta gangstas wanted a guarantee that no "economic insurgents" would fire upon their financial institution's value, which remains weak, rotten, and vulnerable. Plus, these CEO administrators want to make a ton more money by wagering on themselves without the threat of the big, bad "economic insurgents" betting against them. This is how neo-fascism works. The government protects its own and, in this case, it's the big political party supporters and holders of the oligarchy's wealth. It all comes at a price! The Republicon Party and those making up the Demo-Con sub-party capitulators, such as Lieberman, will see bigger and fatter contributions fill their purses unless congress stands up to the Paulson/Bernanke/Bush/Banksta criminals.

The Bush administration responded to those he refers to as "my base" who wanted to protect themselves form the "economic insurgents", who are also known as "short sellers". These are investor/traders who bet that the stock price would fall because the company's fundamentals are not strong. Short selling has now been declared illegal for 800 chosen stocks, including G.E., allowing the "haves" to bet on themselves without the fear of the "insurgents" coming after their unbridled speculation.

Bush once said, "we fight them there, so we don't have to fight them here." But the war is right here in America and most people don't realize it, although it has been very clear to many more of us this week. The war in Iraq and Afghanistan was partly created as a distraction from the economic war right here in America brought to us by the Wall-Street Gangstas, and their crime bosses. There is a war between Wall-Street, and those living on Main and Side Street. Protect Wall-Street first. They get the U.S. backed Protection Service. March forward and manipulate the heck out of the markets. Give protection money to foreign central banks and sovereign wealth funds to keep them from dumping their U.S. Treasury bills and bonds, or dollars on the open market. By showering them with bailout funds, Hank "The Paulie" Paulson, and "Bada Bing" Bernanke, along with the White House crime bosses, have encouraged those international bankers to continue to fund our debt, USING OUR GOVERNMENT ISSUED BAILOUT MONEY. WOW! What a deal!

I believe if the government wants to socialize these financial institutions, then take them over. Cut the investors out. Let them take their hits. Replace the greedy CEOs. Remove their golden parachutes, bonuses, salaries, stock options and send them home. Raise taxes on the top-tier wage earners. Carve up these mega-financial institutions into smaller, more controllable, transparent and regulated entities. These corporate thieves, foot soldiers and "benefactors" must feel the pain and not the middle class who were victimized by their rise and fall.

In addition, we need to realize our hegemonic failure in the Middle East and shut the wars down. Leave the bases and stop the human and economic losses. Orchestrate a massive industrial rebuilding movement that would focus on alternative energy and re-engineer an alternative energy grid. And finally, provide single-payer health care allowing workers to move between employers, or start their own businesses without the fear of losing coverage,  and remove the heavy health care burden experienced by businesses, which drains valuable capital needed for expansion. 

You have just read my views from only one set of eyes and one mind.

Senator Obama Has Only One Change At It!

Senator Obama has a daunting job on his hands and the question is is he willing to take control of the Congress in order to rescue the country from the greedy, destructive mess BushCo (including McCain) has put working America through?  It is clear that the Republicans could not have created the economic disaster alone. Many Democrats, from the House and Senate, currently led by two failed majority "leaders", have colluded in the unregulated, financial pyramid scheme that has been unsustainable and corrupt.

This scheme was allowed to be released, like a plague, upon the unsuspecting general populace by former con-man and Senator Phil Gramm, who now officially resigned as McCain's financial advisor, yet is probably still sipping scotch with the Maverick pool-side at his palatial Arizona estate, if you catch my drift. Gramm was instrumental in deregulating the financial institutions bringing about the currently failed pyramid scheme.

Can Obama stop the Congressional collusion with the bankers and financial greed-hounds, who are "whining" over their massive gambling failures selling mortgages and derivatives to financially unstable working people, and then, to take those paper mortgage contracts and sell them, as well as insure them against defaults, while slicing them up into exotic bonds styled in various forms further and further down the lending pyramid where, eventually, all that paper went up in flames, which rippled massive losses back up the pyramid? Is this too big for him to handle? Will he be another pawn in the ultra-rich's financial greed game? As the base of the gambling lender's tree caught fire, the flames rush up the trunk engulfing the branches and canopy.

Since these investors, bankers, hedge-fund-hogs began to whine, and stomp their feet before the likes of Pelosi, Reed, and Senators Frank, Schumer, Dodd, and the rest of the colluders, Congress began doing everything they could to quiet the spoiled greedy uber-rich brats with a plan to bailout their losses and stick it to the American people, in spite of the fact the banking and financial executives haven't given up a cent of their salaries, bonuses, expense accounts and personal holdings which were gleaned from their profits gained through the failed mortgage and credit borrowing pyramid scheme.

Senators Frank, Dodd and Schumer have received over $18 million in contributions from the same banking and financial institutions that need full regulation and oversight.

What will Obama do about this fraud? Probably nothing, or very little. Will there be penalties, real penalties, given to the Banksta Gangstas and the capitulators in government? What does "Yes We Can" mean, Senator Obama, in regards to this most critical national crisis?

Mr. Obama--we are angry, not whining, over this massive fraud damaging our economic stability. We had nothing to do with it, and yet, you are saying little about the real solutions that need to be done to bring the fraudsters to justice and to fix the mess. 

If the taxpayers are to bailout, ie. line-of-credit, private financial institutions, such as Freddie Mac and Fannie Mae, then nationalize them so that the people own them. If we are going to infuse them with billions, and maybe a trillion over the next two years as more of their mortgages default, then turn them over to the government.

If Wall Street cannot bailout their own with private sector monies, as they have done before by going to Central Banks of Germany, England, Russia, Japan, China, Saudi Arabia, UAE, Dubai and others with their whining mouths drooling and sweaty hands out stretched and cupped for "soup-line" handouts of cash, then turn over these GSEs (Government Securities Enterprises), and the rest to the public sector, ie. government, if we have to use the Treasury as the lender of last resort. Let the government reorganize them, while saying, "See Ya Later" to the private investors, or let them hold on to their shares until the institutions are resold back into the private sector once they return to regulated and controlled viability.

So Mr. Obama, what do you think? Do you have the guts to stand up to Wall Street, and Congress? You will be inheriting a major deflating economy with draining wars and a possible "Iranian October Surprise" brought to you by a capitulating Congress intimidated by BushCo.

In Mike Whitney's Counterpunch. org, 7-18-08, article "Swan Song For Fanny", he quoted a 6 month old Barron's statement saying Fannie Mae held $314 billion in Alt-A 'Liar's Loans' accounting for 31.4% of the company's credit losses while making up just 11.9% of its $2.5 trillion single-family-home credit book." "Spiraling mortgage defaults and falling home prices could bring a tsunami of credit losses over the next two years that will severely test Fannie's solvency."

Well, what about working America's solvency? Bailing out the ultra-rich with a fresh flow of cash from the Treasury allows the rich more riches, as a way to stop their whining, yet, at the same time, real working Americans become insolvent over the next two years.

Senator Obama, what is your "Yes We Can" plan to change this picture?

Whitney wrote that on 7-15-08 (Friday), credit default swaps on government debt doubled indicating that investors in the US will be getting cold feet scared that the world's biggest debtor nation will not be able to pay its massive debts.

This is not a time for Obama to be looking for compromise, nor should he be planning  a 16 months from taking office style plan to impact the economic collapse. On day one, he must immediately act with certainty, decisiveness, and without hesitation. If Obama fails to hit a home run on the day he takes office, as opposed to bunting, he will be blamed for the financial crisis' ultimate tidal wave sweeping over major cities that will already have water in the streets. 

Obama MUST show he lacks confidence in the demonic cartoon characters running the White House, the Fed, the Treasury, Justice and the State Department. 

Mr. Whitney says, as I have said, 'Time is running OUT! The administration's time is short and they have only one chance to get it right, but they keep botching it up. Obama, too, has only one chance to get it right and that time starts now!

Mr. Whitney also wrote:

     Bridgewater Associates said that the losses to the banking system would exceed $1.6 trillion,

     4 times original estimates, and enough to crash the entire banking system. So far, the banks

     have only written down $450 billion, which means that they are only 25% of the way through

     the current credit storm." "...hundreds of undercapitalized banks turn to a grossly 

     underfunded FDIC ($52 billion in reserves) to cover the losses of their depositors."

Senator Obama has entered a burning kitchen. Can he stand the heat, while extinquishing the fire? He needs to show us he can---NOW!