Sunday, December 20, 2009
Boycott Joe Lieberman's State of Connecticut
Here is a Connecticut PDF of the all the corporate headquarters located in his state. See them here.
The people of Connecticut should begin to proceed with a recall of Joe-the hoe-Lieberman as their Congressperson. He has lied through his teeth regarding a public option for Americans and when caught with his pants down, he says that his pants fit fine.
Here is his D.C address: 706 Hart Office Building, Washington, DC 20510, phone the hoe: 202-224-4041; fax:2022249750
thanks, jerry
Thursday, November 5, 2009
“Keep Government Out Of My Medicare!”
It appears to be the idea of President Obama’s economic supply-side, trickle-down team that the only way to compete with the globe’s largest factory floor is to bring wages down to their levels. What Americans don’t realize is that the Chinese central government uses lower wages as their first line of defense when reducing production costs. China will never relent to another country outdoing their rock bottom labor/production costs, since their growth figures (approximately 9%) vitally depend on it. It appears that they would rather dump product onto the world’s market, than lose market share. Walmart, or what should be renamed Communist Chinamart, depends on it in order to expand throughout the world as the globe’s largest single retailer and employer.
What this current impotent president doesn’t realize, or maybe he does and won’t come clean to the public, is that the US cannot compete globally because over the last 30 years the corporate capitalist have decided to move the US manufacturing sector overseas outsourcing 7 million jobs eroding the standard-of-living and forcing working Americans into becoming debtors in order to support their lifestyles and families. Consumer debt had become a way-of-life, eventually forcing tens of millions into default and foreclosure as a result of attempting to magically create asset wealth through debt creation. It does not work. It failed, and now, the nation has been in the depths of the greatest economic forest fire since the Great Depression. We will not see the end of it anytime soon, or even in the distant future.
The 3.9% US economic growth is a fantasy, since it has been created out of US debt through the selling of Treasuries, attracting foreign central banks and investors into our debt clutches via the Federal Reserve’s quantative easing policy of freely printing money lavishing huge amounts of liquidity onto the mega investment banking syndicate. The nation is not growing, but actually “Spread Eagle across the pavement, while Jane and John Doe have put the squeeze on their own spending habits.
Another piece of this Obama-Bernanke-Geithner economic plan that is being down played is the carry trade. What has been happening is that with the Federal Reserve lending out to broker-dealers at zero percent interest, the borrowers go out into the world and find risky higher yielding and highly leveraged assets paying extremely desirable returns, and sticking the Fed’s zero percent cash into these investments, as they short the US dollar. As foreign investors buy US Treasuries, they fuel the US debt and Federal Reserve lending practices.
Dr. Nouriel Roubini stated in the Financial Times of London “Mother of all carry trades faces an inevitable bust” (11-1-09) “They are borrowing at very negative interest rates—as low as negative 10 or 20 per cent annualized—as the fall in the US dollar leads to massive capital gains on shorting dollar positions”… “Every investor who plays this risky game looks like a genius—even if they are just riding a huge bubble financed by a large negative cost of borrowing—as the total returns have been in the 50-70 per cent range since March.”… “Yet, at the same time, the perceived riskiness of individual asset classes is declining as volatility is diminished due to the Fed’s policy of buying everything in sight—witness its proposed $1,800 billion [$1.8 trillion] purchase of Treasuries, mortgage-backed securities (bonds guaranteed by a government-sponsored enterprise [GSE] such as Fannie Mae) and agency debt. By effectively reducing the volatility of individual asset classes, making them behave the same way, there is now little diversification across markets—the VAR (value at risk) again looks low.”
Dr. Roubini went on to say, “So the combined effect of the Fed policy of a zero percent Fed funds rate, quantative easing and massive purchase[s] of long-term debt instruments is seemingly making the world safe—for now—for the mother of all carry trades and [the] mother of all highly leveraged global asset bubbles.”
Here is Dr. Roubini’s big point, “ But one day this bubble will burst leading to the biggest coordinated asset bust ever: if factors lead the dollar to reverse and suddenly appreciate—as was seen in previous reversals, such as the yen-funded carry trade—the leveraged carry-trade will have to be suddenly closed as investors cover their dollar shorts. A stampede will occur as closing long leveraged risky asset positions across all asset classes funded by dollar shorts triggered a coordinated collapse of all those risky assets—equities, commodities, emerging market assets classes and credit instruments.”
This detailed explanation clearly defines the probable outcome from the Fed’s reckless lending policies supported and encouraged by Team Obama.
As Team Obama has focused intently on rescuing the mega investment banking syndicate through extremely cheap liquidity in order to pad their balance sheets cushioning their eventual toxic write-off losses at the expense of the US dollar, their policies illustrate that as the dollar is shorted as it falls to the bottom, higher risk leveraging in equities and other assets will collapse once the dollar begins to climb as Bennie the Beard Bernanke realizes that the only way to pull foreign investors back into US Treasuries and bonds would be to raise interest rates.
The most absurd viewpoint by a slice of America is the determined efforts by the likes of Congresswoman Michele Bachmann, Glenn Beck, and others to fight any sort of Public Health Care Option instead of getting damn angry over this massive theft of our economy and the destructive policies executed by Team Obama. I guess they have no objection to the financial sector’s $16.5 trillion in total debt as of the second quarter of 2009, which is equal to what they had accumulated in 2008. My question to all these 9-12ers is what will you do when you lose your health care? Where will you go? What will you do when someone dear to you in your household comes down with a very serious illness and you have no health insurance?
Congresswoman Bachmann said at her Tea Bagger anti-health care Washington, DC rally on 11-5-09, "Nothing scares members of Congress more than freedom-loving Americans." So, this is what Republicans believe is freedom—to work against the self-interests of gullible flag wavers. So, freedom means that when you lose your health care and there is no government plan to rescue you, you can foreclose on your house, willingly while singing America The Beautiful, and declare bankruptcy in order to escape from those massive and mounting medical bills. So, being a freedom-loving American is to allow the mega financial crime syndicate to get zero percent interest directly from the Federal Reserve to rebuild their balance sheets, while you have just seen half of your retirement savings vanish permanently as a result of those unregulated investment banks fabricating and pedaling smoke and mirror derivatives that were worthless, while, at the same time, making themselves trillions of dollars destroying what you have so tirelessly worked for. So, freedom-loving is to embrace the greedy US corporate capitalists who created this economic firestorm and gleefully pushed your wages down, while shipping your jobs overseas to China where wages don’t mean too much to employers, and their food and drugs are not as safely regulated, and a 40 hour work week is irrelevant, and their environment is much more polluted. I guess, to be a freedom-loving American allows one to be delusional, hypocritical, and stupid with a smile. So be it! Give your grandchildren a good-luck kiss as they apply for a low paying job.
We have had 7 million manufacturing jobs lost, $14 trillion of home equity and retirement assets disappear as a result of the economic firestorm, 23 million foreclosures, and a horrendous level of under/unemployment encroaching on 20% of Americans. We will see a lost generation of our college and non-college youth living in debt, and without jobs. Yet, the whack-jobbers protesting a Public Option ride buses to Washington, DC to rally against their own self-interests. Have they not read the Senate Congressional Budget Office report stating that this government administered plan would save $10 billion? That is the problem when one consumes huge amounts of mind altering Kool-Aid. The 9-12 protest movement appears to not have a real grasp of the nation’s problems because they lack understanding and drink from the propagandist’s poisoned wells.
It is about the jobs stupid! There is no recovery without them. Economic growth based on stock market gambling achieving big profits is not a recovery plan. The lack of a Marshall Plan to rebuild the manufacturing sectors and create sustainable jobs through a renewable energy policy, and the rebuilding of wages should be the battle cry among all working class citizens, and not the rescue of the blood-sucking investment banking predators, which are still close to drowning. But unfortunately, such an important message is being missed by a bunch of sign wavers wanting “Government Out Of My Medicare”.
thanks for reading, jerry
Tuesday, August 18, 2009
The De-evolution of the United States
The Reagan Supply-side Revolution Hydra, with field general Alan Greenspan at its side, is finally seeing the tempest-like tentacles of the economic serpent spin out of control. This hydra of design was an intentional and willful decision on behalf of the riches Americans who felt that they were not rich enough, and the Republicans were not all powerful enough, therefore they executed a plan to take working America down to the wage bottom. It would take decades, but had to be done. The Reagan Economic Revolution of laissez-faire, neo-liberalism has frenzied the Rightwing into a full-fledged panic morphing their followers into becoming the new KKK, or the Kooktard Kook d’e-tat revolution.
This new, or neo-KKK, appears to be comprised of average Americans freaked out over a newly proposed, and now abandoned, government program designed to protect many of those very same people, or those close to them, from further erosion of their disappearing wages, savings, or livelihoods, which would take the form of a public option health care plan. This is the health care industry’s favorite choice now called Health Care Co-ops, which would diminish Americans from bargaining for the best prices for drugs or premiums.
What is unfortunate is that they have taken their marching orders from the Rightwing elites made up of the wealthiest corporatists, and Republican Party jihadis wanting to maintain their death grip stranglehold upon the political system they so intentionally damaged.
It appears their current plan is to try and disrupt the political dialogue among citizens by force, through the orchestration of aggressive tactics at local town hall meetings by their zombie neo-KKK foot soldiers who recite the fabricated and propagandistic talking points fed them by their neo-fascist masters in the Rightwing media, and inside government. The neo-KKK members are injected with IV formulas of lies and distortions of fact they extract from within the text of the proposed, and now likely defunct, health care bill, such as “death panel”, or ‘the intrusion of medical battalions entering one’s home to tell them how to raise their at-risk kids.’
We have people like former Lt. Governor Betsy McCaughey who put up a Youtube video trailered with clips and photos of Nazis and members of the Third Reich. Her video pretended that the public option bill had Hitler’s fascism as it’s underpinning, when in reality she had portrayed herself as a neo-Nazi-type of propagandist. This projection of others being fascists for considering the public option health care bill, which is a far cry from a government takeover of health care, although it should be, in my opinion, appear to harbor fascist beliefs that they carry inside themselves, which manifests through their irrational behaviors and actions brought forth into the “marketplace of ideas” that had been fathered through the birth of democracy a few hundred years earlier!
Sarah Palin, Senator Grassley, Congresswoman Michelle Bachmann, Tom Delay, Dick Armey, Senator Kent Conrad, House Republi-CON leader John-the boner-Boehner, and others are currently the facilitators of the neo-KKK movement: Kooktard Kook d’e-tat. “Master operators” funding the Kook d’e-tat, no doubt, have hired Palin on. These same Rightwing corporate elites appear to be the drivers behind her resignation as Alaskan governor. She hides the real reason why she resigned. A huge increase in cash payments. She is the perfect pawn, carnival barker huckster to go around the country selling their neo-fascist, Rightwing propagandistic snake-oil in her good ‘ole folksy Alaska-speak style. “You Betcha!” The purpose appears to be to put her, and others, out front to start “Liar’s Fires” forcing the Left, Democrats, and moderates to run out with their fire extinguisher-in-arm representatives to attempt to put them out.
These puppet master neo-fascist corporate elites have a leash around their Congressional lapdogs, who they feed buckets of campaign contribution slop to make sure they bark out the message of ‘the rich MUST remain rich at all costs!’ Therefore, the neo-fascist puppet masters feed even more of this “slop” to their media master’s of ceremonies, such as Glen Beck, Shawn Hannity, Rush Limbaugh, and Bill O’Reilly. It now appears that many such puppet masters find Beck too blatantly offensive. Their slop comes in the form of big salaries, perks, bonuses, and more.
Bush and Cheney set the stage with the Iraq War, torture, the terrorist boogiemen, the need to subvert the U.S. Constitution, and erode our respect in the world in order to bring about the new Rightwing neo-fascism to satisfy the multi-national corporate Hydra, which includes the insurance, Pharma, real estate and financial corporate elites. Their pledge amongst one another appears to be committed to making sure workers earn as little as possible, so they squawk minimally about cheap foreign-made goods made by low paid foreigners. Turn Americans into drone worker bees. But, in order to keep their diminishing cash flow from drying up, they entice them to borrow as much as they can to keep afloat, while enriching the elites with the interest they pay on their mounting debt burden. Ah. The rich stay fat and happy.
But their plan has exploded apart. The elites are now afraid, more than ever, of losing more of their wealth, control, and power that they have spent over the decades nurturing, massaging, and funding while they watch the economy slip further into decline. A decline rivaling only the Great Depression.
So, they ramp up the neo-KKK tactics, and encourage bold and aggressive behavior, such as carrying in guns and semi-automatic assault weapons to town hall rallies, as well as scream, yell, tantrum, and insight chaotic behavior in and around such venues. They have been intimidating congresspersons into rejecting the health care bill plan. Be afraid of possibly obtaining health care for your family at very affordable rates. We cannot anger the insurance company elites. Now, can we? The purpose of this neo-fascist movement is to create a tipping point in order to gain control. That tipping point is the fear of violence or actual violence itself.
To usher in Rightwing fascism and to regain the power lost by the Rightwing is to insight violence. There may be no turning back from that abyss if such bold actions begin to take hold.
Federal Reserve chairman Ben Bernanke has been listening and following his marching orders from the FIRE/Pharma puppet masters (Finance, Insurance, Real Estate) fearful of a mudslide that will likely collapse their profit making hydra-like machine. These “Corporate Royalists”, America’s puppet masters, whose political affiliations are more embedded within the Republican neo-KKK Party, are putting the squeeze on Bada Bing Bernanke to do whatever it takes to fire up a virtually broken drivetrain credit engine, which is losing its oil, ie. consumer spending resulting from excessive consumer borrowing, by the tanker load.
Bada Bing has poured $800B into the lending master’s crankcase with little results. The engine is backfiring a hazy bluish white smoke because the it is nearly fried after 30 plus years of running hard with little concern for long term reliability and care. Bernanke has stuffed over a trillion dollars into the pockets of the investment banking money lenders who have hoarded the load knowing that they have major liabilities that could leave them stranded and towed into bankruptcy court.
Toxic mortgage debt frothing at the mouth sitting off their balance sheets are ready to bite them in the face. Then there is the bloated, and about to drown, commercial real estate bubble ready to topple the major Humpty Dumpty investment banks that will see their investments explode into a securitized nuclear winter scenario. Or, how about their non-performing loans (a loan that is in default or close to it)? I guess it is called non-performing for a reason!
Bernanke has jumped to attention when these corporate financial crime syndicate thieves demanded that he call in the engravers to monetize the bogus debt he had collected as collateral, in addition to what he had already manufactured by selling Treasuries to the tune of nearly $13 trillion!
Has anyone told Bernanke or his “crime syndicate bosses” inside the world’s largest financial Pyramid Scheme, as well as the Republican orchestrated field marshals waving the neo-KKK baton, that the American worker has lost their retirement nest-egg and needs to save his/her money again, as they watch their wages turn stagnant or fall, and their standard-of-living erode, while their home equity evaporates, and their mortgage goes underwater?
And, for many, foreclosures have reached 1.9M, $14T in household wealth has vanished, home equity has dropped to 41%, under-unemployment has reached close to 20%, (reported by the Bureau of Labor Statistics) that there is no job growth in any sector of the economy, and the U.S. private sector economy has failed to add any significant number of jobs within the last 10 years, except when the government has stepped in to hire on jobs off the private sector. So, where is the public outrage by the neo-KKK zombies booing and heckling at town hall meetings discussing the public option? Absent! “By 2006, the richest paid only 17.2 percent of their income in taxes. Today, the top taxpayers pay the same percentage of their incomes in taxes as those making $50,000 to $75,000, although they doubled their share of total U.S. income,” as reported by Don Monkerud in the Capital Times of Madison Wisconsin, 7-16-09. Shouldn’t the neo-KKK zombies want this to change first leveling the income tax playing field? I guess they don’t care. It is no socialized health care for them.
So who should the neo-KKK zombies be angry at? How about Bernanke for allowing the Republican corporate elite financiers, who are paying off nearly all the Republican, and many Democratic (Max Baucus, for one) greedy money junkies in Congress, as well as those within the executive branch over the last 30 years, but, especially, within the last 10 years! But NO; they choose the new guy on the block—President Barack Obama because he was pressing for a public option health care bill, while many of them might need it in the coming years. But no, it’s a Birther Revolution!
Were the neo-KKK Birthers, Tea Baggers, and Palineers calling for an uprising when BushBoy and McCain rushed to the halls of Congress hootin’ and hollering for a bailout of the investment bankstas resulting from Bernanke and (former Bush Treasury Secretary Hank) Paulson’s threatening bugle call sounding the warning that if it were not given to them ASAP the nation would experience an economic Armageddon? NO! Or, how about over the two wars, and a rising Pentagon and military budget? Or, the growing wealth disparity? Or, greedy corporate elites? NO!
Therefore, one can only conclude that this current Republican generated neo-fascist uprising is being orchestrated by those fearful of losing their financial and political wealth and control over government and the nation. This is how fascism is borne out of a damaged democracy. Be aware of what can happen next! Violence! A domestic military presence in the streets! And more.
The enforcement of the Violent Radicalization and Homegrown Terror Act of 2007 -HR 1955 passed under BushBoy and a Republican controlled Congress might actually become part of that tipping point I mentioned above. Read it! It is scary!
But, what is being heard is the announcement by the Chinese and their threat to dump U.S. Treasuries if Bernanke and Geithner continue to listen to the financial crime syndicate puppet masters wanting so desperately to dress up in their Brown Shirts and reignite the credit markets through more monetization of our increasing debt levels.
What we are witnessing today really is frightening. Democracy rests on a dangerous precipice, which has been pushed closer and closer to the edge of survival by the neo-fascist corporate greedy power brokers pounding hard against the Republican Party and their media commandos, the Blue Dog Cowardly Democrats, and others to not give into the “other side”, otherwise they may lose what they dearly cherish: greed and power. They are willing to sacrifice our democracy so that it may live on for another lifetime.
These corporate financial thieves that have drained the nation’s economic reservoir over the last 30 plus years, and especially, under BushBoy, used working Americans to create their wealth by keeping wages stagnant, and forcing them to borrow for the purpose of keeping consuming and spending alive and flowing, yet knowing that someday the gig will be up. Now the ride is about over. The U.S. consumer will no longer be the world’s junk and toy collectors. Their basement shelves are full and now they are heading for the local flea markets to see what they can get rid of, since they need that cash to eat, pay rent, utilities, as well as their exorbitant insurance premiums, if they have any at all. And, don’t forget gas for the family jalopies. Now that the working class consumer is no longer in the bargain hunting game, the U.S. marketplace will become less attractive to China and Asia. The end result of this Domino Effect could be the U.S. dollar will no longer be used as the world’s reserve currency. Therefore, the U.S. falls from its Ivory Tower joining the others on the struggling world stage.
The neo-KKK Republican zombies don’t want a government health care plan, but might accept what the health insurance industry gleefully would wish for and that is health care co-ops, which would not help people at all. They roiled themselves into a lather just because a section of the public option bill would permit health care professionals to assist families with their child development struggles they have at home. Now, we can’t have that! Can we? We cannot allow government to help us with the problems that young developing children have in school and/or at home.
Let us put aside that private insurance plans currently allows for this service in their own policies, such intervention is critical during a time when more and more young people are failing basic educational standards before they even set foot in their neighborhood public school. One of the most significant differences, found in one study, between poor families and affluent families is that affluent families speak around 20,000,000 more words to their developing children before the age of three. Without such knowledge, developing children are likely to fail. They will show deficiencies in language development, word acquisition, simple math puzzles, as well as emotional self-controls and patience.
“Professional parents directed an average of 487 "utterances" per hour toward their children, as compared to 301 for working class parents and only 176 for welfare parents. The quality of those utterances was also very different: Among professional parents, the ratio of encouraging to discouraging utterances was six to one; for working-class parents, the ratio slipped to two to one; and welfare parents made two discouraging utterances for every encouraging one. The consequences were predictable: By the time the children in the study were around three years old, the ones from professional families had average vocabularies of 1,116 words; the working-class ones averaged 749; the welfare kids, 525.” (Sited from this document ).
This is what was meant by family intervention by a team of medical professionals in the now defunct public option bill. But the neo-KKK zombie aggressors who are afraid of considering that just maybe they might benefit from some professional consultations with health care professionals and child development specialists, as well as others when it comes to helping their kids become more successful in school and at home. We can’t have that in Amerika. Now, can we? These foot soldiers for the corporate elite prefer to see this nation filled with more unintelligent people, who are compromised when it comes to raising intelligent and competent children.
In a program called The Harlem Children’s Zone, founded by Geoffrey Canada, 3rd graders in his program scored equal to or out achieved New York Public School peers when tested following instruction given through Mr. Canada’s program.
Our society is devolving as a result of the neo-KKK assault upon democracy. Ignorance is their background. Aggression is their tactic. It goes deep inside the heart of the country, and founded its roots with the Reagan Supply-side Economic Revolution brainwashing working Americans to buy into their program of using working Americans to make the corporate elite very, very rich without having to give very much in return.
Thanks for reading, jerry
Harlem Children's Zone, Baby College, and more:
Click on “full episode” and listen to act one’s 30 minute piece.
Links to check out:
http://www.minneapolisfed.org/publications_papers/studies/earlychild/index.cfm
http://jenni.uchicago.edu/papers/earlychildhood.html
http://www.smartstartga.org/educator-links.aspx