Monday, August 08, 2011

We need more government, not less.

Sorry to post so late tonight folks, but I was actually sitting on the Ben Franklin Bridge and trying to decide if I should jump or not. SIX HUNDRED AND THIRTY FOUR POINTS? WTF? The sixth worst point drop in Dow history. Thank you tea party. Your political gamesmanship was really good for the country.*sarcasm off* 

"Standard & Poor's downgrade of America's debt couldn't come at a worse time. The result is likely to be higher borrowing costs for the government at all levels, and higher interest on your variable-rate mortgage, your auto loan, your credit card loans, and every other penny you borrow.
Why did S&P do it?

Not because America failed to pay its creditors on time. As you may have noticed, we avoided a default.

And not because we might fail to pay our bills at the end of 2012 if tea-party Republicans again hold the nation hostage when their votes will next be needed to raise the debt ceiling. This is a legitimate worry and might have been grounds for a downgrade, but it's not S&P's rationale.

S&P has downgraded the U.S. because it doesn't think we're on track to reduce the nation's debt enough to satisfy S&P -- and we're not doing it in a way S&P prefers.

Here's what S&P said: "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics." S&P also blames what it considers to be weakened "effectiveness, stability, and predictability" of U.S. policy making and political institutions.

Pardon me for asking, but who gave Standard & Poor's the authority to tell America how much debt it has to shed, and how?

If we pay our bills, we're a good credit risk. If we don't, or aren't likely to, we're a bad credit risk. When, how, and by how much we bring down the long term debt -- or, more accurately, the ratio of debt to GDP -- is none of S&P's business.
S&P's intrusion into American politics is also ironic because, as I pointed out recently, much of our current debt is directly or indirectly due to S&P's failures (along with the failures of the two other major credit-rating agencies -- Fitch and Moody's) to do their jobs before the financial meltdown. Until the eve of the collapse S&P gave triple-A ratings to some of the Street's riskiest packages of mortgage-backed securities and collateralized debt obligations." [Story]

Exactly Mr. Reich. Ironic indeed. The very people who are partly responsible for putting us in this mess, now have the nerve to tell us that they are going to have to downgrade our credit rating. That's like a thief coming into your home, stealing your big screen television, and then complaining to you that the picture isn't clear enough. The nerve!

Meanwhile O is still talking about our deficit problem....huh? O, here is a memo from the field: F&^% the deficit problem! We need jobs! Still, if you insist on going down this road, here is how you solve your little deficit problem: Raise taxes, get the f*&^ out of Afghanistan and Iraq, and start talking about putting people to work. We should be spending more not less. How are you going to stimulate job growth if you are cutting three trillion dollars in federal spending? That is lunacy. But it's just what these wingnuts want, to beat our government into submission. It is the fundamental difference between these folks and those of us who are... well... actually sane. We believe that it is our government's job to make society work in a better more efficient manner. The wingnut, on the other hand, sees our government as the enemy. They fail to realize, of course, that they are the government; we all are.

I will leave you with the words of Dick Polman:

"Obama, having weathered the ginned-up debt-ceiling crisis, is again declaring that he wants to "put America back to work," but those words are hollow. He's handcuffed by this deal. He and the Democrats won't have the money to launch any big job-creation programs even if they muster the will to try.

Of course, that's precisely what the Republicans intended - to starve the government. Most Americans probably don't agree with that strategy, but since when do they have a say? Polls suggest they just want to get back to work, by any means possible. Last month, when Gallup asked people to name their most important issue, 31 percent cited the "economy in general"; 27 percent cited "unemployment/jobs." A distant third, at 16 percent, was "federal budget deficit/debt."

This is a time when the jobs crisis requires more government spending, not less. Consumers won't prime the economic pump, because they're still in a fetal position. Private businesses won't hire, because they're still playing it safe. There's a myth going around - brought to you by the same people who deny climate change - that the 2009 stimulus was a failure. Congressional Budget Office and Commerce Department figures say otherwise; the stimulus plan saved millions of jobs and would have created more had it been bigger."

Thank you Mr. Polman.

Now if you will all excuse me, I have to go and check out some more bridges.


















 

193 comments:

Dr. Nuwang said...

The S&P downgrade was some political bullsh*t!!!

California Girl said...

Robert Reich has been sounding this alarm for a long time but it hasn't been the story until now. The S&P downgrade is a joke but the administration's failure to focus on real job creation is a terrible mistake.

Mack Lyons said...

Meanwhile, 45,000 Verizon workers are on strike to preserve what little benefits they have left.

http://www.nj.com/news/index.ssf/2011/08/verizon_workers_outline_differ.html

http://macklyons.blogspot.com/2011/08/45000-verizon-workers-on-strike.html

Farley said...

"the stimulus plan saved millions of jobs and would have created more had it been bigger."


So true!

I wish we HAD elected a republican, so we could just see how far down the sh*t hole this country would be in now.

Liberal Tormentor - tormenting liberals with logic and facts since 1982 said...

History will note Obama was the first president to lose AAA+ rating.

Anonymous said...

@ Liberal Tormentor-
Twenty t-baggers on their hover-round is not a political movement, its a bowel movement….
History will note that home grown terrorist, dressed up as conservative, evangelical, t-hadist, were the hostage takers that caused this mess...and Grover Norquist is a moron.

Dr. Nuwang said...
This comment has been removed by the author.
Dr. Nuwang said...

Liberal Tormentor - tormenting liberals with logic and facts since1982 said...
History will note Obama was the first president to lose AAA+ rating.
>>>>>>>>

Yeah, yeah, yeah, we already know the Pee Party is gonna have a field day with this.

NEXT!!!!

What the Dems NEED to do is go all in on Bachman for that dumb ass statement about slavery. But alas, they're too chicken shit to do anything!

sharon said...

Well, we sure as hell won't be hearing about job creation from God's Own Party. The Corporatocracy is just fine with high unemployment. If we had full employment, their profit margins would shrink and they might not get that 6-figure bonus this year. Their stock options might not increase in value as fast as they would like.

But the GOP will tell us that to create more jobs we need to eliminate the minimum wage, environmental laws, and other shackles on the Corporatocracy. Then and only then will jobs be created here in the US again.

Anonymous said...

All Obama had to do to raise taxes on the rich was to . . . wait for it . . . wait for it . . . simply let the Bush tax cuts EXPIRE. Which they were set to do all by themselves after a decade of adding to China's control over our economy. But Obama flubbed even that.
Face it, Obama does not know how to fight, and is personally weak. (What, you thought all that bowing before foreign dictators was merely a sign of respect? The man is positively servile.) Hillary Clinton would have made a far better president for these times.

Anonymous said...

Help me connect some dots here...
We are supposed to feel pangs of loss when military service personnel (who VOLUNTEERED to fight and die, no less)are killed in Afghani/Pakistan? Yeah, right...
The only jobs for returning combat vets? Why, the mushrooming privatized prison/penitentiary industry, of course; because we, the government, can't afford to finance their recovery otherwise.
Yeah, right...
Let's hope the evangelical-rightwing/fringe-nuts win in Oh12. The cesspool (of ignorance and moral corruption) into which this a-merry-kkk-a continues to rapidly sink will surely contaminate and suffocate; drown them in their kool/tea-aid as well. Can't wait...

field negro said...

"The Corporatocracy is just fine with high unemployment. If we had full employment, their profit margins would shrink and they might not get that 6-figure bonus this year. Their stock options might not increase in value as fast as they would like."


Yep!

Still laughing @ Anon 10:23 PM.

field negro said...

Damn the Anons are on a roll tonight. Where is their President? I want to commend him on this group of Anons.

Anonymous said...

One more thing: on the issue of "jobs creation" what is the logic of continuing to let millions of immigrants into this country during times of record high unemployment? They are not all picking lettuce (at least not in New York or Chicago). Any discussion of job creation will be a joke if it does not include the impact of massive immigration (and things like the H1B visa program) on our citizen workforce.

Also, which party, exactly, is willing to tackle the issue of globalization and the export of our industrial base to China? Not Obama. Not the Republicans. As far as our political elites are concerned, job creation simply isn't their issue.

Anonymous said...

From the previous thread:

"NEW YORK (CNBC) -- The U.S. doesn't deserve a AA-plus credit rating, much less triple-A, commodity bull and noted investor Jim Rogers said on Monday.

Rogers said the country is unlikely to be able to pay off its debt and that Standard and Poor's rating cut had come too late and should have happened long ago.

"It seems to me it's physically, humanly impossible for the U.S. to ever pay off its debt," Rogers said. "They can roll it over and continue to play the charade, but the U.S. is bankrupt."

Most Americans are knee deep in debt themselves, where credit cards are max'd, esp in the black community.

Point is, the chickens are coming home to roost for debt happy America and of course, they are unhappy about it, including Mr. Field. But don't blame S&P about it. We had plenty of time and Congress acted an irresponsible ass in front of the entire world. It was plain to everyone around the world that there are strong factions in Congress and America who would just as soon default on debts. That alone should scare any creditor.

Anonymous said...

From the previous thread:

Mr. Field, how are you holding up? Good, I hope. Well, we are almost at 11,000 on the Dow. It looks like there is going to be another selloff tomorrow, which will break right through that floor of 11,000.

This feels like the prelude to Armagadon. Pray for QE3 tomorrow from the Fed, Mr. Field. Otherwise, we are headed down past 10,000.

I hope you bought some gold for balance....Gold is booming!

The Christian Progressive Liberal said...

Damn, Field:

If you must do some bridge jumping, take a trip out to San Francisco and jump off the Golden Gate....

Otherwise, I would not give the yutzes in DC the pleasure of them knowing you offed yourself because of their ass-backward policies, and hostage taking of the government.

Watch for the "hostage taking" to become a pattern of how things operate in DC from here on in.

Anonymous said...

And so what if we are headed for Dow 10,000 or Dow 6,000 for that matter? What matters more to people is having a job, preferably one with real benefits like health care and an old-timey sort of pension too. Just like Americans used to have, way back when their CEOs made 40 times what the average worker made instead of 500 times that amount. This obsessive focus on where the DOW is day to day is part of the mindset that has screwed this country over for thirty years.

field negro said...

Sup Christian Prog.? Nope, I am not going to the Golden Gate, they watch it too much. Someone might want to talk me down. :)

OK Anon @ 11:1`8 PM, you have my attention. But what about middle class folks who have their money tied up in pension funds and 401K's?


"Mr. Field, how are you holding up? Good, I hope. Well, we are almost at 11,000 on the Dow. It looks like there is going to be another selloff tomorrow, which will break right through that floor of 11,000.

This feels like the prelude to Armagadon. Pray for QE3 tomorrow from the Fed, Mr. Field. Otherwise, we are headed down past 10,000.

I hope you bought some gold for balance....Gold is booming!"

Yes it is. Is Glenn Beckkk saying I told you so?

Anonymous said...

11:18 anon writes: Sorry, but if you are invested in a Ponzi scheme, you are screwed. I recall a time in the nineties (December 1996 -- ah, if only I had a time machine) when our then rational Fed Chairman Alan Greenspan warned of the "irrational exuberance" of the marketplace. At the time he gave that warning, the Dow was at about 3,000. Nothing has happened in this country since then to justify it being at 12,000 or 10,000 (CEO compensation does not count) and in many respects we are much much worse off.

All bubbles burst, all Ponzi schemes must inevitably come to an end. To paraphrase the Nixon era economist Ben Stein, if something cannot go on forever, then it will stop.

GrannyStandingforTruth said...

Amen, Sharon, Preach it!

Anonymous said...

Mr. Field, don't jump unless there is water under the Ben Franklin Bridge. If my memory serves me right, there is NO water under it. So, please don't jump Mr. Field-you will only make a big mess below.

Look at it this way: "This too shall pass." It might take a decade or two, but this will pass. By then, hopefully you will have made most of your money back.

As a brother I tried to warn you, Mr. Field but for some reason, good or bad, you ignore my comments and advice. I did warn you that your decision to "ride it out" was going to be quite painful.

Now that you've gone far down that rabbit hole, you might as well accept your fate- and relax and enjoy the ride. Next time, put some Gold in your portfolio for protection...it'll keep you off of the Ben Franklin Bridge.

Anonymous said...

Field, The bank called your loan was denied, they said that given your yearly income and all the bills you have you wont be able to afford that Beautiful new car you want to buy on credit so they rejected your loan application.

See how that works?

Whitey's Conspiracy said...

It's NOT the economy stupid! What do I mean? The Tbag Downgrade is the product of tbag brinksmanship politics, not the economy. After 2010, you know that it had to get a lot worse before it would get any better. We've got another year of this; all the O-man can do is continue being the adult in the room. Tbaggism has to burn itself out -like a flu.

Anonymous said...

Since Harry Reid blamed the Tea Party for delaying this bill getting passed and not supporting it...here's a little stat for the dumbass.

46% of Republicans (Tea Party members) voted NO
49% of Democrats voted NO

So it seems Democrats voted against Reid's bill more than the Tea Party.

Oh the inability to use logic consistently displayed by dimmiecrats never ceases to amaze me, thank god they don't have anything to do with the economy...oh shit...whoops...No wonder. Yes honey call the credit card company tell them I want a higher card limit right now dammit its the only way to get out of debt, by spending more and spending more is more important then oweing less...phew......who voted these people in?

Anonymous said...

"Damn, Field:

If you must do some bridge jumping, take a trip out to San Francisco and jump off the Golden Gate...."

don't do it, Mr. Field. Hell the fall from the Golden Gate has been known to kill folks before they hit the water. Should you still be alive when you hit the water, there is an undercurrent that takes you away, never to be found again.

Personally, I would like to see your body at your funeral. It's hard to cry without a body there.

Vincent said...

That's it, blame S&P, blame the Tea Party.

I guess you blame the guy who calls 911 for the fire, right Field?

This downgrade is the result of the largest liberal spending binge in the history of the world.

Ignoring this reality will only get us in deeper.

GrannyStandingforTruth said...

Granny--->hunting for her lifeguard suit and on telephone with the crew on her private jet crew telling them to warm up the old jet and to stand by just in case I have to make a quick run to Philly and save a friend who might be panicking a lil bit too much.

You know that Wall Street has a habit of playing games with that old dow board. Nothing new, they pull that same trick everytime when they're trying to get a silent coded message across.

Matumbo said...

Talk is one thing. With Obama, reality is the opposite. Every major Obama initiative has been tailor made to drive up unemployment, prominently including ObamaCare, which pointlessly increases the burdens of hiring; the “stimulus” pork spending, which sucked all the money and credit out of the private economy; and his shadowy campaign, implemented mainly through the EPA, to decimate the energy sector.

The unemployment rate in October 2008, just prior to Obama’s catastrophic election, jumped to 6.5%. Lately it has been holding steady at over 9%. This is a direct and probably deliberate consequence of his malignant policies. Obama et al. are following FDR’s game plan by keeping as many people as possible out of work and dependent on the government.

There is only one thing the federal government can do to alleviate unemployment: get out of America’s way. Under Obama, that is the one thing it will never do.

Anonymous said...

Sweetums? Uptown Stevey I'm really skared-erated come over and hold me baby please? I promise-erate to let you touch my wee-wee-erator and I will touch-erate yours,puh-lease-erate? I wont mention Sarey Palinator or Obama-mama once tonight I promise-erate. Call me fluffy cakes, I need-erate you.

Mold

Anonymous said...

anon11:18pm-"And so what if we are headed for Dow 10,000 or Dow 6,000 for that matter? What matters more to people is having a job, preferably one with real benefits like health care and an old-timey sort of pension too."

You must not have had a job long enough to have a pension. Otherwise, you would know that pension funds, retirement funds, mutual funds, stocks are invested in the stock market. Some of those investments are based on the DOW.

Hence people do care where the Dow is at, and the S&P 500. It is very important. Why do you think Field is thinking about jumping off a bridge?

Mack Lyons said...

"Sweetums? Uptown Stevey I'm really skared-erated come over and hold me baby please? I promise-erate to let you touch my wee-wee-erator and I will touch-erate yours,puh-lease-erate? I wont mention Sarey Palinator or Obama-mama once tonight I promise-erate. Call me fluffy cakes, I need-erate you."

A+ for effort
D- for execution
F for realism

Try harder next time.

Anonymous said...

Field, "Now if you will all excuse me, I have to go and check out some more bridges."

Why haven't you checked out the Walt Whitman Bridge?

Anonymous said...

S&P downgraded Fannie Mae and Freddie Mac today.

Anonymous said...

Mack Lyons said...
"Sweetums? Uptown Stevey I'm really skared-erated come over and hold me baby please? I promise-erate to let you touch my wee-wee-erator and I will touch-erate yours,puh-lease-erate? I wont mention Sarey Palinator or Obama-mama once tonight I promise-erate. Call me fluffy cakes, I need-erate you."

A+ for effort
D- for execution
F for realism

Try harder next time.


Ahhh just knowing steve is really fluffy cakes is hilarious

Anonymous said...

For those of you who would like what is the national deft, deficit, debt ceiling, history of US debt, and who owns US debt, then this link is for you. It is an excellent simple explanation:

http://www.cnbc.com/id/43381362

Anonymous said...

Here's an excerpt from "Credibility,Chutzpah and Debt" pretty much explains what America's real problem is, and it's not S&P:

"And in those rare cases where rating agencies have downgraded countries that, like America now, still had the confidence of investors, they have consistently been wrong. Consider, in particular, the case of Japan, which S.& P. downgraded back in 2002. Well, nine years later Japan is still able to borrow freely and cheaply. As of Friday, in fact, the interest rate on Japanese 10-year bonds was just 1 percent.

So there is no reason to take Friday’s downgrade of America seriously. These are the last people whose judgment we should trust.

And yet America does have big problems.

These problems have very little to do with short-term or even medium-term budget arithmetic. The U.S. government is having no trouble borrowing to cover its current deficit. It’s true that we’re building up debt, on which we’ll eventually have to pay interest. But if you actually do the math, instead of intoning big numbers in your best Dr. Evil voice, you discover that even very large deficits over the next few years will have remarkably little impact on U.S. fiscal sustainability.

No, what makes America look unreliable isn’t budget math, it’s politics. And please, let’s not have the usual declarations that both sides are at fault. Our problems are almost entirely one-sided — specifically, they’re caused by the rise of an extremist right that is prepared to create repeated crises rather than give an inch on its demands.

The truth is that as far as the straight economics goes, America’s long-run fiscal problems shouldn’t be all that hard to fix. It’s true that an aging population and rising health care costs will, under current policies, push spending up faster than tax receipts. But the United States has far higher health costs than any other advanced country, and very low taxes by international standards. If we could move even part way toward international norms on both these fronts, our budget problems would be solved.

So why can’t we do that? Because we have a powerful political movement in this country that screamed “death panels” in the face of modest efforts to use Medicare funds more effectively, and preferred to risk financial catastrophe rather than agree to even a penny in additional revenues.

The real question facing America, even in purely fiscal terms, isn’t whether we’ll trim a trillion here or a trillion there from deficits. It is whether the extremists now blocking any kind of responsible policy can be defeated and marginalized."

Anonymous said...

Hahahahahahahaha!!!!! Best laugh I've had in a long time!!!!!!!!!! Funniest article and most entertaining comments section I've seen lately!!

Anonymous said...

The real question facing America, even in purely fiscal terms, isn’t whether we’ll trim a trillion here or a trillion there from deficits. It is whether the extremists now blocking any kind of responsible policy can be defeated and marginalized."


WOw, was that article written by someone in a mental institution, democrats are going crazy, its opposite year bad is good, pain is nice debt is fun and responsible people become irresonsible for being responsible while the irresponsible are the heroes....bwaahahahahahaahahaha, now I have lost what little respect I have had for demoncrats, talk about selling snake oil, lying and doing whatever it takes to win. No morals whatsoever, in fact it's pure evil.

Anonymous said...

"WOw, was that article written by someone in a mental institution, democrats are going crazy, its opposite year bad is good, pain is nice debt is fun and responsible people become irresonsible for being responsible while the irresponsible are the heroes....bwaahahahahahaahahaha, now I have lost what little respect I have had for demoncrats, talk about selling snake oil, lying and doing whatever it takes to win. No morals whatsoever, in fact it's pure evil."

Glad to see you tea baggers are laughing for a change. You folks take yourselves too seriously. No one needs your respect. so you need to learn respect for yourselves. but I doubt you are capable of that. You are too repressed and desperate for the approval of others.

Anonymous said...

Glad to see you tea baggers are laughing for a change. You folks take yourselves too seriously. No one needs your respect. so you need to learn respect for yourselves. but I doubt you are capable of that. You are too repressed and desperate for the approval of others.

Oh no, we are very self respecting. You have to have morals do good in order to respect yourself before you can respect others, thats the problem with lefties and why they hate everyone, they are self loathing reptiles. WHo else are you going to try and manipulate and lie to in order to get what you want no matter who it hurts and waht the cost? Your just pissed cause we stop you and eat your lunch

The Purple Cow said...

Dear 'Liberal Tormentor - tormenting liberals with logic and facts since1982' - you can't run away from me for ever.

When are you going to answer my points about job creation in Wisconsin?

Why won't you debate?

What are you scared of?

My Blog said...

Raise taxes, get the f*&^ out of Afghanistan and Iraq, and start talking about putting people to work. We should be spending more not less. How are you going to stimulate job growth if you are cutting three trillion dollars in federal spending? That is lunacy. But it's just what these wingnuts want, to beat our government into submission. It is the fundamental difference between these folks and those of us who are... well... actually sane. We believe that it is our government's job to make society work in a better more efficient manner. The wingnut, on the other hand, sees our government as the enemy. They fail to realize, of course, that they are the government; we all are.
-----------------------

Love it!! We can't do anything without the government's help. I mean look at these Arab countries where the people's dependency on their government lead to, where socialism got them into. It's not freedom they were looking for, it's FREE food and everything, and their governments COULDN'T AFFORD IT anymore. Look at the UK riots, Israel protests, Greece, Spain and more to come, soon in the U.S. but it will be more dangerous because people will use guns. Yes, I agree, let's have more government. I guess even mass-murder, slavery to the government, totalitarianism, communism, fascism don't ring any bells until they come to America in full force...FORCE!! People are still people, they NEVER learn from others' mistakes. Heck, we can't even learn from ours!! We already are depending on the government and got us BANKRUPT!!!

GrannyStandingforTruth said...

Paul Ben:

But don't you find it strange how our government can fatten the coffers of the rich and super rich but they can't give the poor a crumb off the table. Yet, they give the rich and super rich every single penny, nickle, and dime they ask for with no argument at all.

Yeah yeah yeah, I know they'd be giving away other people's money. Nope, they would be giving back a litte lof the money they made off of the poor who worked for the rich, so that the rich could live a luxuries life.

My Blog said...

GrannyStandingforTruth,

You are repeating the same lies you hear from the media. It's their talking point memos because they want to keep you poor and dependent on them forever. See, keeping you poor by giving you the impression that others stole your money will create hate among the population and people will fight each other and guess who's the winner? The party that incited you, you will vote for it and that's what it wants...POWER. The end-goal, the bottom line is...POWER and CONTROL. Unfortunately, brainwashing is not easy to cure since it has been going on for decades.

Anonymous said...

Why is it that low-wage, no-skill wite dudez thinkerate that they should lecture us on Economics...by applying their day labour experience to the situation of government debt? To them , floating a bond to pay for a municipal utility is the 'exact same' as their pawning off cheap stuff. Really?
If that is true, then the elected officials are pretty stoopid.

Yassir, them pudgy wite heroic brave 101st Fightin' Keyboarders know all about the conditions of slavery. They done read a book by a christian who TOLD them that those 'miggers' was jess happy as could be...toiliin' away fer Massa...as gawd intenderated.
If that beleef were true, all AfAms would be the same colour as their African cousins. Seems Massa had to Southern Santorum those who had no legal right to refuse. Same with the prepubescents with major stress damage...essentially six year old children had the body breakdown of 80 year olds...can you say overworked? I won't detail the whippings...as the people who were slaves already did so.
Like I offered...let me treat you as a slave for a week.

Yep, brainwashing...or as others call it...school. Whether it be the cost-effective public school or the School of Hard Knocks...they wash yer brain of the holee moral ideers. Ask Bachmann, her morals include sneering at poor 'urban' folk for asking their own government for a little help in a rough spot...while her husband praysAwayDeGay with the laying on of hands, speaking in tongue, and anointing with some very special oils. They might be so carried away by the spirit, they will writhe on the floor, tearing at their clothes!
If I want moral leaders, I'll look to my parents. Or find those who pray in closets and follow the actual teachings of Jesus.

Mold

Dr. Nuwang said...

The Purple Cow said...
What are you scared of?
>>>>>>>>

Probably afraid of people who make dumb political ASSumptions like yourself based on an inability to understand the written word.

thug life said...

It wasn't a gang of crazy asians who beat Degraw:

E. Side thugs beat pop star
By LARRY CELONA

August 9, 2011

Gavin DeGraw was viciously beaten by a pack of thugs on the Lower East Side early yesterday -- and then hit by a taxi as he stumbled off, police sources said.

The 34-year-old performer -- who has spent the summer opening for star rock bands Maroon 5 and Train -- had been drinking and just left a group of pals when he was attacked by the marauding goons sometime between 3:50 and 4:20 a.m. at Sixth Street and First Avenue, the sources said.

bond analyst said...

field posts:

Pardon me for asking, but who gave Standard & Poor's the authority to tell America how much debt it has to shed, and how?

Who gave S&P its authority?

You really need an education in economics, real-world economics.

Here's the answer to your question, and the irony is painful.

The US government gave S&P its authority.

S&P, Moodys, Fitch, and several other organizations were designated By The US Goverment as Nationally Recognized Statistical Ratings Organizations.

In other words, S&P got its stamp of approval from Washington. But Obama, you and millions of others are uttering in the dark about this simple fact.

Anonymous said...

OOGA BOOGA REDUX. As I've mentioned before, the hip thing among conservatives these days is to pretend that a black crime wave is sweeping America, and to blame Obama. Not only racist cut-and-paste trolls promote the theory -- rightbloggers have been doing their part, and now more classy-like conservatives seem to be getting on board.
Take Walter Russell Mead. Last month he contributed a laughable essay in which he described modern American cities as urban hellholes out of old Death Wish movies, a characterization even tourists wouldn't buy these days. Now he's gone fully native, and joined the Ooga Booga brigade:
For some time now, residents of some US cities have noted occasional incidents of seemingly random, racially motivated violence in which young Black males are involved. The hot weather and bad economy seem to be combining to generate a small but possibly significant uptick this year.
"Occasional incidents," "small but significant uptick" -- sounds confident, doesn't he? Crime in U.S. cities is at historically low levels, yet Mead repeats some of the black-on-white crime stories that have excited the goobers into a Little-Colonel-versus-Silas-Lynch state, and proceeds into deep political analysis -- nearly all of it absolutely ludicrous (Obama and Oprah are involved, and years after welfare became workfare Mead's still bitching about the Great Society), but I'll confine myself to this:
Some whites resent what they see as excessive privilege for Blacks reflected in affirmative action. Many believe that the federal government and the (largely white) upper middle class establishment wants to marginalize the traditional white majority in the US through a combination of deliberate immigration policy aimed at reducing white preponderance in the population and by favoring immigrants and non-whites for education and employment.
For people who feel this way, the reluctance of the mainstream media to cover racial flash mobs is sinister and disturbing.
First, the "reluctance of the mainstream media to cover racial flash mobs" is rich, since Mead's citations are from the mainstream media -- in fact, one of his sources mentions that "my BlackBerry started blowing up with news about what happened Thursday night at the Wisconsin State Fair." Anyone who bothers to look will see that those incidents have been very well covered. I realize these guys have been yapping about liberal/Negro media bias for decades, but I'm still a little surprised when they ignore evidence that appears their own screeds. I am too childish-foolish for this world.
Second, who are these folks who believe in this media bias, and "resent what they see as excessive privilege for Blacks reflected in affirmative action"? In a word, racists. They actually think African-Americans, whose poverty levels and other social indicators reveal them to have things much harder than white Americans, are getting away with something. This is a rejection of objective fact to support a racially-obsessed idea of how society is rigged against them -- which is pretty much the definition of racism.
And there's no earthly reason to take the fantasies of such people seriously, unless you're a rightwing tool hoping to gin up a lot of race hatred in time for the next Presidential election.
I hate to be rude about it, but I'm sick of these BLEEPing peckerwoods doing old Lester Maddox routines and thinking no one will notice because their jackets have patched elbows and they're gesturing with a briar pipe. That goes for Glenn Reynolds and the rest of those high-end bottom-feeders who peddle this swill. Let them fuck off to their own survivalist compound instead of trying to turn the whole country into one.
http://alicublog.blogspot.com/..Roy Edroso.


Mold

bond analyst said...

field posted:

When, how, and by how much we bring down the long term debt -- or, more accurately, the ratio of debt to GDP -- is none of S&P's business.

Wrong.

S&P has been in the business of analyzing debt for decades. It's what S&P does. And sometimes people are unhappy with S&P's opinions.

economist said...

field jabbers:

We need jobs! Still, if you insist on going down this road, here is how you solve your little deficit problem: Raise taxes, get the f*&^ out of Afghanistan and Iraq, and start talking about putting people to work.

Jobs? Need jobs? But we need to get out of Afghanistan and Iraq? Why?

Our people in Afghanistan and Iraq are working at government jobs. Soldiering is a government job. By winding down operations in those countries soldiers will return to the US for discharge -- to no job.

Meanwhile, companies making equipment used by the military will see reduced orders, and they will subsequently lay off employees.

That is what happens when wars end. Of course these wars should end. But ending our military actions in Iraq and Afghanistan will lead to more unemployment.

rockefeller said...

Obama is so dumb he has no idea that businesses spring up when people with ideas see an opening.

Did Bill Gates, Michael Dell, Jeff Bezos at Amazon, the two guys at Google, or a long list of other tech guys need the government to get their businesses off the ground? No.

Do oil companies need government help to expand? No.

With respect to the energy industry, the government has only one effect -- to restrict the industry.

penicillin said...

Does anyone read those long pus-filled streams from mold?

I don't.

nutty buddy said...

Speaking truth to idiots:

Philadelphia mayor talks tough to black teenagers after ‘flash mobs’

The Washington Times
August 8, 2011

PHILADELPHIA — Mayor Michael A. Nutter, telling marauding black youths “you have damaged your own race,” imposed a tougher curfew Monday in response to the latest “flash mob” — spontaneous groups of teens who attack people at random on the streets of the city’s tourist and fashionable shopping districts.

“Take those God-darn hoodies down, especially in the summer,” Mr. Nutter, the city’s second black mayor, said in an angry lecture aimed at black teens.

“Pull your pants up and buy a belt ‘cause no one wants to see your underwear or the crack of your butt.”

“If you walk into somebody’s office with your hair uncombed and a pick in the back, and your shoes untied, and your pants half down, tattoos up and down your arms and on your neck, and you wonder why somebody won’t hire you?

They don’t hire you ‘cause you look like you’re crazy,” the mayor said. “You have damaged your own race.”

BetterMan said...

penicillin said...
Does anyone read those long pus-filled streams from mold?

I don't.


Hell No, IT (he) is insane, copying and pasting insanity and reposting it over and over as if he were insane. I just Scroll on by......my eyes feel as if they may catch some disease when I see his name.

I read somewhere he is just more mentally agitated than usual because someone named "fluffycakes" did not come over last night.

Purple Cow's Pastural Paradise said...

"Come on, everyone! Let's all join hands and sing a rousing chorus of "People are People". Surely what we have here is merely a failure to communicate and mutually understand! The fact is that the Post-Modern West has forgotten what both the Imperial Chinese and the Republican Romans very well understood 2,000 years ago. Barbarians are barbarians. They are not civilized people. They do not build, they do not produce, they have no capacity or interest in doing anything more than breed, subsist, and destroy. You build a wall to keep the barbarians out, and when they try to invade, as they eventually will, you utilize civilized discipline to slaughter them. You can try to convert them to civilization in their own lands, and sometimes they will be able to maintain one if the population possesses sufficient average time preferences, but whatever you do, you don't permit them to move in next door.

The picture above is an apt metaphor for Western multiculturalism. The man being beaten up is a press photographer, most likely a nice left-liberal who up until the very moment that the photo was taken was a staunch believer in multiculturalism and human equality. But this image is perhaps even more apt.

And don't fool yourself. This is coming to America soon. Be prepared. Take some of those gold profits and invest in wood, blued steel, copper, and lead. You don't need an arsenal sufficient for the Apocalypse, but at a minimum, you need enough to prove a sufficiently hard target to encourage the barbarians to seek easier prey.

Here is an example of the difference between civilization and barbarism. Note that the barbarians quail before practically ANY show of discipline and determination by the civilized.

"Earlier, a social divide revealed itself in Clapham this morning. Looters stopped sacking shops at the junction between St Johns Road to the north and Northcote Road to the south. To the north are council estates and chain stores such as Debenhams, JD and Currys. These shops were looted. To the south are Victorian terraces and shops like Jack Wills, White Stuff and artisan bakeries. These were untouched. Am told Northcote Road residents formed a line at where the roads meet and let no-one pass."

It's not a social divide, but rather a societal divide. This is why segregation is not only vital, it is a moral imperative supported by thousands of years of evidence. Mass immigration and forced desegregation is literally societal suicide by the civilized."

Anonymous said...

Purple Cow Said...

You'll be disappointed to know that there's nothing going on in Tottenham, right now.

The investigation into the Police shooting is well underway, and people are waiting for the results of that.

This wasn't a race riot - anarchists are being blamed at the moment.

I'm not saying there aren't racial tensions going on - of course they are, but this was a protest against police violence that got out of hand, rather than a straight-up-and-down race riot.

Whether the riot was stoked by anarchists remains to be seen, but probably not even half the rioters were black.

The whole racial dynamic is entirely different here

----------------------------------------------------------------------

LONDON — A wave of violence and looting raged across London and spread to three other major British cities on Tuesday, as authorities struggled to contain the country's worst unrest since race riots set the capital ablaze in the 1980s.

In London, groups of young people rampaged for a third straight night, setting buildings, vehicles and garbage dumps alight, looting stores and pelting police officers with bottles and fireworks.

The riots appeared to have little unifying cause — though some involved in the violence claimed to oppose sharp government spending cuts, which will slash welfare payments and cut tens of thousands of public sector jobs through 2015.

Others appeared attracted simply by the opportunity for violence. "Come join the fun," shouted one youth, racing along a street in the east London suburb of Hackney, where shops were attacked and cars torched.


Read more: http://www.chron.com/disp/story.mpl/ap/top/all/7689424.html#ixzz1UXSqp95Z

Anonymous said...

Butters, the correct gender is 'she'. Why are you still confused? Most humans discern girls and boys by a much earlier time. It was very nice of you to respond to yourself. As a good wingnut sockpuppet should.

If you want to post drivel, at least have the manners to identify the writer. The above racist gibbering is from Vox, a righty blogger. Now, why would a poster try to pass this off as their own? Stealth? Plausible Lie-ability? Or just likes to steal?

Lest we forget, many football hooligans are whites. Why are the marching morons pushing the same...exact...meme? Almost like Goebbels gave them their orders.

Mold

penicillin said...

betterman writes:

I just Scroll on by......my eyes feel as if they may catch some disease when I see his name.

Good thinking.

The mold is a white male. However, there's some possibility mold is a hermaphrodite. There are other amusing possibilities.

penicillin said...

betterman writes:

I just Scroll on by......my eyes feel as if they may catch some disease when I see his name.

Good thinking.

The mold is a white male. However, there's some possibility mold is a hermaphrodite. There are other amusing possibilities.

Anonymous said...

Anytime you'd care to offer 'proof'...feel free.

Waiting.


Where's your proof?



Still waiting.


So, you don't have any proof. Why should we accept anything you are selling?

Mold

Liberal Tormentor - tormenting liberals with logic and facts since 1982 said...

P.C.Yes i got those Wis.jobs stats wrong.Must be the Arab Spring.Or tea partiers.Or something.

Now i know where mold gets her crazy from.Jacking the word "goober" without reference?Shame.

Anyone with common sense knows that the media treats white/minority and minority/white crimes/hate crimes different.

Just like the media treats white/minority missing person cases.

To pretend that the media hasn't tried to downplay or ignore the racial aspects of these "mobs"is foolish at best.

After a night of partying and fundraising,Obama has canceled his trip Springfield, Va.I see also Obama has canceled the WH press briefing.

Thats a good thing.Don't need Obama doing more damange.

Purple Cow's Pastural Paradise said...

" Anonymous said...
If you want to post drivel, at least have the manners to identify the writer. The above racist gibbering is from Vox, a righty blogger. Now, why would a poster try to pass this off as their own? Stealth? Plausible Lie-ability? Or just likes to steal?

Lest we forget, many football hooligans are whites. Why are the marching morons pushing the same...exact...meme? Almost like Goebbels gave them their orders.

Mold

10:33 AM"


Mold, you ignorant slut. I used quotation marks, indicating that I did not claim the words to be my own. Yes, I did forget the link. Sorry. So, sue me, and eat sh!t.

And, if you want to see some "football hooligans", (your words), go to an Oakland Raiders game.

AND.....where I come from, you "diverse" people would pull that sh!t that's going on in London ONE time. And, that would be the end of it, once you saw all the law-abiding citizens pulling guns, and busting caps in the poor, disadvantaged "yutes".

BetterMan said...

Butters, the correct gender is 'she'. Why are you still confused? Most humans discern girls and boys by a much earlier time. It was very nice of you to respond to yourself. As a good wingnut sockpuppet should.

If you want to post drivel, at least have the manners to identify the writer. The above racist gibbering is from Vox, a righty blogger. Now, why would a poster try to pass this off as their own? Stealth? Plausible Lie-ability? Or just likes to steal?

Lest we forget, many football hooligans are whites. Why are the marching morons pushing the same...exact...meme? Almost like Goebbels gave them their orders.

Mold


Shut the fuck up you demented reject from a mental ward. Even they kicked your ass out and told your parents they had to take care of you once they got tired of watching you eat your own feces.

If I have something to say to you, you can bet your teeny weeny I will say it directly to you I am not a nutjob like you that spends his life making up characters to entertain himself - Isn't that right Socrates, Mandinga Binga, MOld, Vulgar Anon and many, many more. We got your number whiteboy you never were intelligent enough to fool anyone and told on yourself many, many times.

This is the last time I will respond to you, you are an evil vile disease on the soul of humanity and I feel like someone opened a sewer and drenched me with filth whenever I even see your name let alone glance at the diseased incomplete, incoherent, unintellible thoughts you copy and past every day.

Now, again never forget, you do not speak to me ever.

Go infect someone else with the viral phlegm of your insane and pathetic existance. Go ahead spend the rest of your day proving you are insane and have the mentality of a 4 year old by continually copying and pasting something that no-one reads. You are a poster boy for anti liberalism.

Dismissed Ratbrain.

uptownsteve said...

"History will note Obama was the first president to lose AAA+ rating."

That was the whole purpose of the S&P grandstand.

To embarass the first black President.

Racist bull$hit.

uptownsteve said...

Mold 10:48 AM

On target.

No wonder the goobers are drooling and attacking you.

It Is To Laugh said...

"uptownsteve said...
"History will note Obama was the first president to lose AAA+ rating."

That was the whole purpose of the S&P grandstand.

To embarass the first black President.

Racist bull$hit.

11:01 AM"


Amazing how such a genius can get played so bad, is it not?

Fags of a Feather said...

Oh, good....UTS is back.

Mold has been missing it's tongue-to-anal cleansing.

Anonymous said...

Ahh...Jane Curtain reference from SNL. If you recall, it was the retort of a winger who had no valid answer for Jane's relevant and Fact-based point. If only I was as gifted as she!

Actually, one might travel to the websites of the British press, including the tabloids, to see that the lie of eveel hordes o' urbans...is more about you...and not about the actual looters and rioters. Go ahead.
Nice of you to volunteer for others to die to allay your fear of a AfAm.

Sure...Vox being cited just 'happenerated' to escape your notice. Yep. While dropping a link is understandable...not placing the author at the end of the piece is not. VoxDay...wingnut blogger. See easy peasy. You also dropped some of the article. Others have posted multiple times to fit the entire work. I prefer to offer a link or something equally brief. Unless it is as nice as the edroso piece.

Butters, this is an open blog...and isn't yours. You have no authority whatsoever to play dismissive Queenie. I have never used sockpuppets. Why do you persist in TELLing this lie...that I do...as if I was a wingnut? You can't dismiss...as you are powerless. You can learn...or leave.;)

UTS, yes. Very nicely written. Elegant, pointed, Fact-based...and it shows the racist Goobers as they are. No wonder it irks.

Mold

uptownsteve said...

No actually Standard & Poor's posturing has damage their reputation.

Read Dana Milbank in the Washington Post today.

Lance said...

uptownsteve said...
"History will note Obama was the first president to lose AAA+ rating."

That was the whole purpose of the S&P grandstand.

To embarass the first black President.

Racist bull$hit.
-----

Calling any criticsim of Obama "racist" is how Obama got elected and how we got to this point, steve.

What you are saying is that noticing that things are falling apart means that you are racist. The flip side of that must be that black people are incapable of making mistakes.

I guess all those people lost their jobs just to make the black President look bad.

Grow up, fool.

Anonymous said...

Take a note from the SEALs about the ability of people to be 'removed'. And recall how many racists still are whining that the rest of us preferred a college professor to Geezer and MILF....and still do. Bachmann, crazy Manson cover MILF for the Young Rs, took money for the PrayAwayDeGay scam...but pouts that AfAm farmers deliberately discriminated against (contrary to Federal Law, Policy, and Procedure...not to mention morals or ethics) should receive any compensation.
Since that mag is conservative in outlook...what must the others have been?
Funny how soon you forgot your Left Behind gang-style assaults upon smarter children. I can be very, very smart...but when cornered by three (usually more, Left Behinds are notoriously cowards) Goobers...each outweighing me by at least 20 kilos...I will probably have to be fleet of foot.

If your best riposte is to call an old lady 'gay'..it is time to seek a tutor. May I suggest reading Fact-based bloggers as the start. Then you can review debate at your local community college.
I think my developmentally retarded neighbour does the same...calling others 'gay'. But he is 'special'. And is guided by adults not to be that socially awkward.

Mold

uptownsteve said...

What lost jobs racist?

More jobs were created under Obama than in 8 years of Bush.

The Rethugs sank this country so far in the whole that Obama's efforts are being lost because the whole he's digging out of is so deep.

Take your head out of your ass Jethro.

Put Your Money Where Your Mouth Is said...

Hey Mold.....after reading some of the comments at voxday.blogspot.com, I'd like to see you slither yourself over there and impress them with your incredible IQ.

They would tear you a new asshole in about ten minutes.

Take UTS with you, for immoral support.

(But, no....Mold will remain here....they're herd animals)

uptownsteve said...

BTW Lancey,

Do you mind naming ONE job proposal bill the Rethugs have tabled since gaining control of Congress?

They're only concerned with destroying Obama.

BetterMan said...

uptownsteve said...
What lost jobs racist?

More jobs were created under Obama than in 8 years of Bush.

The Rethugs sank this country so far in the whole that Obama's efforts are being lost because the whole he's digging out of is so deep.

Take your head out of your ass Jethro.


The only racist here is you comin on and immediately calling people goobers/jethro did anyone call you a nigga that you feel you can constantly do this crap? Did anyone remind you of why you are probalby so stupid? We get it, you are stupid and everything that happens is because someone else is projecting your racism. Do you ever see how pathetic and weak you are to the world with this crap? Funny you sound like Obama.

OK we know how you feel (cause it sure can't be how you think) Obama is great, the economy is recovering and doing really well,all the problems are Bush's fault, the ideas Obama has are wonderful and will help lift the nation, only the republicans are the ones stopping him from doing all this greatness. Yup, go right ahead thinking that. Here I will save you time in the future, Obama lost re-election not because he was worse than Carter and nearly destroyed the U.S, it was because "dat shit be racist,yo"

Did the republicans stop him from canceling his planned appearence today where he was going to outline more job killing government regulations to truckers and may have had to explain why the market crashed more as he spoke yesterday? Did the republicans stop him from canceling todays white house briefing so his party can hide after the stock market crashed and he avoid updating the world on his leadership or lack of it?

What a leader isn't he?

Best punchline of 2011 - yo, yo dat shit be racist.

Anonymous said...

Actually, Troll...I did. Comment on VoxDAy.
And your anal fixation is strange.
No, they did not 'defeat' me. Plenty of wailing and gnashing of gums...but I do tend to write from Fact. And that should be what you do.

Mold

Anonymous said...

Field, I have it on good authority that the Anon navigators are poised with their yachts under several bridges waiting in case you jump. They've got the mattresses all ready to cushion your fall!

Forget about money, we all love and need you and you have your health, and that's what's important in life.

I think that your post is excellent and I classify S&P in the same category as the United Nations, we call that here pitcher and catcher if you get my drift ;)

(oh,and Anon 12:13 am, you are right though, it is hard to cry without a body, hehehehehehehe)

Anonymous said...

Butters, it would help you in your ranting to visualize this in more concrete terms. Such as your county government. Would you be so willing to absolve the 'Five Ruling Families' in your county from all taxation...as they were born better? Or to whine about the new County Manger who is fixing the idiocy of the previous jebus-beleever? bush spent the entire County Treasury...and kept handing out cash to his friends. He appointed morons to the various Departments...and now they have jobs-fer-life. And, unlike the Civil Service hires...will not work, as that is sinful and only 'miggers' has to work.
As one astute pol observed...all politics is local. And if you can see the County as a model of Federal (leaving out some issues) ..it becomes apparent that the project is immense.
Yes, I've been in the administration after a frat-brat blew our entire Treasury. It took us years to dig out. And lots of Rational, Fact-based negotiating. Seems Frattie ruined our full faith and credit.
Try selling that 'OMG, he am a migger' to some who haven't been through a bushMess.

Mold

Anonymous said...

I've never understood the public's reticence about taking on looters/rioters with force. Especially once they start breaking into private homes, with people living there, all bets are off in my book. You no longer have a social justice gripe when you're breaking into private homes, and smashing the window on the local Foot Locker because you want to grab ten pairs of sneakers. And yes, there's the concern of "police violence creating even more rioters", but that's not what I'm talking about. I've been surprised in the past, when these situations arise, when I ask friends, why don't the police tell the looters to stop or they'll shoot? And friends say that shooting them wouldn't be right. Why? And again, we're not talking about peaceful protesters here, or some folks holding a sit in. We're talking setting things on fire, looting and burning down someone's livelihood, and breaking into your home in the middle of the night. Is it acceptable, morally, to use violence to stop that (regardless of whether it's wise, in terms of fomenting more violence)? What do you think?
http://www.americablog.com/2011/08/riots-spread-through-uk-cities.html

Mold

BetterMan said...

oh,and Anon 12:13 am, you are right though, it is hard to cry without a body, hehehehehehehe)

You could always just sing, maybe "I aint got nobody" :)

Despite field's misinformed outlook on economics he is a good guy and I would definitely grab a couple of mattresses to help cushion his fall.

BetterMan said...

Obama was over 45 minutes late for his statement about America's credit rating downgrade, after hiding from the media for an entire weekend. Considering that the speech contained, very literally, nothing he hasn’t said before, the delay is both puzzling and insulting. It’s odd he was willing to suffer the hit for making everyone wait to hear what amounted to a “greatest hits” tape from his debt ceiling performance.

You don’t really need to hear much more than the President’s opening line: “On Friday, we learned that the United States received a downgrade by one of the credit rating agencies, not so much because they doubt our ability to pay our debt if we make good decisions, but because after witnessing a month of wrangling over raising the debt ceiling, they doubted our political system’s ability to act.”

On the contrary, you won’t see any complaints about “a month of wrangling” in statements from S&P. Their downgrade action is entirely based on their doubt that the American government can achieve fiscal solvency.

“The markets, on the other hand, continue to believe our credit status is AAA,” said Obama… even as the markets dropped an incredible thirty points over the course of his ten-minute statement. To support Obama in the past, you had to abandon memory and common sense. To support him now, you have to ignore what’s happening right before your eyes.

From there, the President lurched into all the tired demands and assertions – you can’t really call them “arguments” – he’s been making for the past month. His focus-group-tested code phrase for tax increases, “balanced approach,” made an appearance. There were various references to problems that existed “when I took office” and the hard time America has been having for “the last two and a half years,” part of the continuing attempt to paint Obama as a helpless bystander who just arrived in the Oval Office yesterday, and can’t believe what George Bush left in the fridge.

He complained about “a debate where the threat of default was used as a bargaining chip.” The one and only politician who did that, repeatedly, was Barack Hussein Obama. He threatened default, and the collapse of supposedly rock-solid entitlements like Social Security, on a regular basis. He didn’t admit he’d been lying about the threat of default until his last press conference before Congress made a debt-ceiling deal without him.

Let’s revisit those remarks, shall we? President Barack Obama, speaking on July 29, 2011: “If we don’t come to an agreement, we could lose our country’s AAA credit rating… not because we didn’t have the capacity to pay our bills – we do – but because we didn’t have a AAA political system to match.” But now he’s back to whining about “default” being used as a bargaining chip by people other than himself.


http://www.humanevents.com/article.php?id=45392

obama's teleprompter said...

to laugh wrote:

Amazing how such a genius can get played so bad, is it not?

IN today's Wall Street Journal, Bret Stephens published commentary titled:

Is Obama Smart? A case study in stupid is as stupid does.

It's good for a laugh. Another opinion piece in today's Journal cites a long list of commonalities between Jimmy Carter and Obama. It's sadly eerie, except for the suggestion that Obama will also get booted from the White House after one disastrous term.

BetterMan said...

The President tried to breathe more life into the moribund talking point that his economic failures are the result of global events beyond his control, such as turmoil in the Middle East and the tsunami in Japan.

“Our challenge is the need to tackle our deficits in the long term,” said the man who began the debt-ceiling debate by demanding trillions in new debt immediately, with absolutely no conditions. You’d almost think his Party wasn’t the gang that tabled the only realistic deficit-destroying proposal, the Cut, Cap, and Balance Act, without a proper vote.

“Last week, we reached an agreement that will make historic cuts to defense and domestic spending, but there’s not much further we can cut in either of those categories,” claimed Barack the Mad. You read that right. The man who blew government spending into the stratosphere thinks “there’s not much further we can cut” after a deal that merely slows the rate of spending increase by $2.4 trillion over a decade. We haven’t actually “cut” anything yet.

Besides this puny reduction in the rate of debt increase, Obama thinks the only two things we need to do are raise taxes on the rich, to “ask those who can afford it to pay their fair share,” and complete some “modest adjustments to health care programs like Medicare.” This is nothing he hasn’t been saying for weeks, just as the “hard pivot to job creation” he went on to extol involves things he’s been doing all along, like paying huge amounts of unemployment insurance and snipping a little off the Social Security taxes paid by workers.

Amusingly, Obama paused to compliment “Republicans and Democrats on the bipartisan fiscal commission that I set up” for their “good proposals,” all of which he completely ignored. He also expressed his hopes for the great deficit-fighting work of the “bipartisan Super Committee,” which he just sabotaged by making it politically impossible for committee Democrats to avoid demanding the kind of tax hikes they’ll never get. There was also a funny promise to “stay on it and get the job done” from a man whose days are entirely consumed with recreation and re-election fundraisers, to the point where he vanishes from public for days at a stretch.

From there on in, the statement was a lot of the usual boilerplate about how everyone else has to give up their politics, self-interest, sacred cows, and so forth. There was not a word of contrition, not a hint of responsibility personally accepted by the President, whose attitude can best be summarized as the frustration of a benevolent dictator forced to work in the messy kitchens of democracy.

After a while, Obama couldn’t help himself any more, and blasted out a geyser of new spending proposals, including his beloved “infrastructure” slush funds. It is truly a mystery why credit analysts think America will have trouble controlling those deficits!

The President also threw in some bromides about how he “still has faith in the American people.” That’s why he doesn’t think you can be trusted to manage your own health care! It’s also logically inconsistent with the rest of his argument. If our problem is not government spending – which he just said cannot be “cut” any further – but rather the greedy unwillingness of rich people to pay more in taxes, the only possible conclusion is that middle-class Americans are helpless babes who can’t survive without the titanic government programs Obama, and his predecessors, have put in place. The only reason we can’t cut spending is that America will starve without all that lovely government cheese. Our credit is in the tank because heartless millionaires won’t pay for it.

How can anyone possibly square that dismal, dead-end socialist mindset with “faith in the American people?”

Obama literally fled from the podium without taking any questions, or even looking back over his shoulder. Clearly he senses that what remains of the American people’s faith in him has eroded beyond recovery.

Jethro said...

uptownsteve said...
What lost jobs racist?

More jobs were created under Obama than in 8 years of Bush.
--------

Do you really believe this? If you do, you are stupider than you look. And that's saying something.

Dave Blount said...

You are right, Steve. It only appears that Obama is doing nothing about the economic crisis. Even as he plays golf and raises reelection funds, his army of bureauweenies is busily working away — to continue making the crisis worse:


"The White House on Tuesday will unveil the first-ever federal fuel efficiency standards for a range of heavy-duty trucks, a move the administration is casting as a key part of its plan to cut foreign oil imports and slash harmful air pollution.

The planned announcement [delayed for now] comes amid growing economic uncertainty and increasing jitters on Wall Street. The Obama administration is expected to argue that the standards will result in major benefits to the ailing economy."


Bwahaha! At least they’re keeping their sense of humor. If compelling upgrades that will cost up to $2,200 per truck without producing any wealth will help the economy Obama has crippled with his spending and regulations, why not also mandate a coating of gold leaf for all vehicles? That ought to lift us right back to prosperity.

Fuel efficiency standards are a tourniquet Obama and other leftists devoted to destroying the economy have been steadily tightening around the necks of the automotive industry and anyone who uses its products. The numbers they come up with are pulled out of the air, with no attempt to be reasonable:


"Late last month, Obama announced a plan to set an average standard of 54.5 miles per gallon by 2025 for cars and light-duty trucks. The standard builds on rules finalized last year for model-year 2012-2016 cars and light-duty trucks."


Try to imagine a “truck” that gets 54.5 miles per gallon. It will cost more than a Volt, look like golf cart, and endanger the lives of those foolish enough to take it out on the road.

Yet we’re asked to believe these authoritarian decrees will help the economy by allowing us to spend less on foreign oil, even as Obama keeps his boot firmly on the neck of domestic oil production.

Low gas mileage is not the problem. Our government is. We had better find a solution fast, or we will continue following the Soviet Union into oblivion.

Anonymous said...

suppose you were an idiot, and then suppose you were Mold. But, I repeat myself.
-Mark Twain

Anonymous said...

This links indicates the Tea Party's next move against Obama, which is IMPEACHMENT! It's alright with me. He isn't doing a damn thing anyway.

Let's see: America's first downgrade ever; gridlock on the debt ceiling ever; first powerless Prez ever; highest unemployment of Blacks ever; the rise of the Tea Party; no compromise in Congress; disappearance of the middle class; total lack of Leadership.

Could this be an indication of an incompetent President because he doesn't know how to use power because he is a fearful bm? I think so.

Obama dilemma parallels Harold Washington's when he became Mayor of Chicago. But there is a big difference in the way the two leaders responded:

Harold politically out-maneuvered his enemies. He used his power as Mayor to push back. He surrounded himself with strong supportive 'new' people.

Obama did none of these things. He is, in reality, out of his depths, and he has shown the world that a bm should never be President of the USA...

Hillary should have been the one.

http://www.star-telegram.com/2011/08/08/3277547/burgess-meets-with-unhappy-tea.html

Anonymous said...

i read this post and it makes me believe in the bell curve.you blame evert one but the criminals who have brought us to the point of bankruptcy.they are rinos and the national socialist democratic workers party.see field you can't spend more than you have with out bad things happening. i know you are an affirmitive action lawyer so have your wife show you how to balance your check book and tell you what happens when you don't balance it.then when the cow pucks hit the fan you can blame her for not balancing the check book even though it was you who spent more than you have.you are a commie so i don't have much hope for you to learn economics 101 but we try.

Dems Lie When Their Lips Are Moving said...

"Jethro said...
uptownsteve said...
What lost jobs racist?

More jobs were created under Obama than in 8 years of Bush.
--------

Do you really believe this? If you do, you are stupider than you look. And that's saying something.

12:25 PM"


Hell, the only jobs that Kenyan "created", was by hiring more people to work for the government........their bloated salaries paid for by the taxpayer.

Not that helped A LOT!

Remember, just last week, Obama's girl, the DNC Chairhag, Debbie Wasserman Shultz, said, "We've really turned this economy around".

Yeah....turned it around, and bent it over.

Funny....I don't think I've seen that ugly b!tch since....

Anonymous said...

Butters, thank you for citing your 'sorce'. It is indeed a fine entertainment of political partisan bias. It ties in well with the edroso piece.

Mold

Anonymous said...

Maybe for christians Fed and State Civil Service is 'bloated overpay'...but for most of those who hold actual, valid credentials...Civil Service is about half to one-third of what the private sector offers...just in pay. Granted, there are almost no Koch-sucking positions in government. But when you are comparing jobs you should compare equivalents. It seems you are looking at your low-wage, dead-end. no-skill tempie job with SES. Most of those require a bit more than a Left Behind breathing degwee from high school.
Maybe if you had kept the union...you would make enough to leave Mom's basement, no?

Mold

Anonymous said...

Why shoore Goober, the Budget of the US is the 'exact same' as the budget of some working-class prole. Who paid cash for his trailer, his truck and his beer.
And the expenses are the 'exact same'. Government has unpaid child support...because you want her to pay fer leavin' you. You have multiple capital expenditures, payroll, and services. Government is only responsible for the greatest wite person ever to grace the Universe with his glorious presence. You are responsible for safe water, roads, police, SEPTA, recording legal docs, continuity of deeds, prisons, courts (oh...now I get why TaxBaggers hate gubmint sooooo much), utilities....etc.

Mold

PenguinHead & FluffyCakeFinder said...

Real leadership is more than talking and calling for things. It takes a while, but over time listeners begin to notice rote rhetoric, predictable patterns, empty words. An example:


Hobama: We didn’t need a rating agency to tell us that we need a balanced, long-term approach to deficit reduction. That was true last week. That was true last year. That was true the day I took office.

The day Obama took office, 931 of them ago. Subsequently, in his Monday remarks the president said this:


I intend to present my own recommendations over the coming weeks on how we should proceed.

Over the coming weeks? The need for a balanced, long-term approach was clear the day he took office $3+ trillion dollars ago and sometime soon he'll share his plans?

Obama is still saying, 'Yes, we can.' But he never explains why we haven't.

Then more solicitous empathizing:


The American people have been through so much over the last few years, dealing with the worst recession, the biggest financial crisis since the 1930s, and they’ve done it with grace. And they’re working so hard to raise their families, and all they ask is that we work just as hard, here in this town, to make their lives a little easier.

This from the guy who doesn't have a long-term deficit reduction plan 133 weeks in and just stepped from his helicopter after two days off in the Maryland mountains.

No wonder the markets plunged 200 more points as he talked.


http://latimesblogs.latimes.com/washington/2011/08/obama-speeches-deficit-debt-downgrade.html

Anonymous said...

gold is still a good buy and it is just going to go up as long as our congress critters keep spending money we don't have.gold does not lose it's value but the dollar does what that means is that in 1932 an oz. of gold could buy you the best suit made and still have enough left over for dinner at the best resturant.you shoud have 20% of your savings in american gold eagles.

Anonymous said...

PM

Anonymous said...
gold is still a good buy and it is just going to go up as long as our congress critters keep spending money we don't have.gold does not lose it's value but the dollar does what that means is that in 1932 an oz. of gold could buy you the best suit made and still have enough left over for dinner at the best resturant.you shoud have 20% of your savings in american gold eagles.

dis sum good shit i gots lotsa gold in my grillz and bling

grease said...

Recently I went to a screening of the idiotic anti-energy movie "Gasland".

After the movie there was a Q&A session. Turns out a husband & wife (actual man and woman) were in the audience. They own farmland in the Pennsylvania area where all the gas drilling is underway.

They said they have a good relationship with the gas drilling company, which is using the horizontal drilling technique to drill under their land.

The extraction process is the "fracking" process that's got people wetting their pants.

They told me they get a royalty of $14 per acre, per day, plus some additional cash when gas is extracted.

They also said the gas company rebuilt all the crumbling roads in their area. They said the work was done fast, done well, and done without government help.

In other words, a lot of "infra-structure" projects would go from planning to completion in a hurry if our Idiot-in-Chief let the oil & gas companies get to work.

Anonymous said...

Gold is great...if you are Glenn Beck...or another salesperson selling gold.
Remember when the bullets would run out and all those gold -ahem- bullet buyers drove the prices up in their irrational fears of massive AfAm male appendages?
Buy Gold! Houses are the Safest Investment! You are not a man unless you take the TeaBagger Pledge!

Really?

Is it that tough for you to grasp modern money? You feel the need to return to the Stone Age? Hmm...treatment of women...unable to understand much of the modern world....worship the golden calf...thinkerate the Flintstones are a documentary (like Palin and Bachmann)yep.. Stone Age.

Mold

Anonymous said...

Really? Husband and wife from where, exactly? What happens when the company leaves? Who repairs the road? What are the construction methods and materials? Do you have even the slightest clew what is in fracking fluid?
Where was this movie showing? See, I am more than acquainted with that area of PA. I can point out that traveling to shill for shady companies is not in most people's budgets.
Own farmland? Can you say 'fake'?

Mold

Liberal Tormentor - tormenting liberals with logic and facts since 1982 said...

Barney Frank farts on live tv.


http://www.youtube.com/watch?v=xaG4A0Bm8c4&feature=player_embedded

ha ha

carter is a traitor said...

Yeah, Obama wants trucks to go 50miles on a gallon of gas or diesel fuel.

Fat chance.

The only outcome of building trucks that have too little power to haul their loads is an outcome that creates a stronger market for used vehicles that are up to the task.

After voters boot him from office, he'll begin the process of becoming a bitter old man like Jimmy Carter.

Most likely he'll handle his life as the ex-pres somewhat like Reverend Wright who has become more and more critical of America since he left his church.

If Wright were less well known, he clearly would have been more public about his love for the Nation of Islam and Louis Farrakhan.

Barney Butt Plug said...

"Liberal Tormentor - tormenting liberals with logic and facts since1982 said...
Barney Frank farts on live tv.


http://www.youtube.com/watch?v=xaG4A0Bm8c4&feature=player_embedded

ha ha

1:40 PM"


Aw, now....give Barney a break. If you'd had as many johnsons up your rear as he has, you probably wouldn't have any control left of your sphincter, either.

Kinda like Mold, I'm sure.

Anonymous said...

If we have hit Peak Oil, there will be a need for high-mileage trucks. There won't be any gas/diesel hogs. If there is transport...trains. And a lot more walking for fatty fat lardy pudgeMericans.
If we are very, very lucky...we will have the transport options of the 1920s. Not too bad...but all Left Behinds will be taking the tram or bike or feets.
Some of the predictions are more of the 1776 lifestyle. Your labour will be even cheaper.

Mold

uptownsteve said...

I know how much facts offend goober but here goes AGAIN.

More jobs created under Obama than 8 years of Bush.

http://newsjunkiepost.com/2010/10/08/its-official-more-private-sector-jobs-created-in-2010-than-during-entire-bush-years/

BTW Goobers, still waiting for that Republican job proposal.

Anonymous said...

If we have hit Peak Oil, there will be a need for high-mileage trucks.

sure craig sure

Anonymous said...

BTW Goobers, still waiting for that Republican job proposal.

You'll get that soon has we get a budget from the Democrat Senate.

Bite Me, Comrade said...

Hey UTS.....where does that left-wing rag you linked to originate from? The White House, or the Kremlin?

(Yeah, I read about the writers in the "About Us" section. Looks like a party list from Commies, Inc)

Anonymous said...

Peak Oil...something like when the glorious capitalist wonderments killed off nearly all the whales. Petroleum saved our bacon then. What is your proposal for a substitute?
As posted, the best prediction is the 1920s life. Left Behinds without cars or trucks. Walking or public transportation.
Maybe you fancy yourself as Jefferson or Ben...more accurate is that you are the indentured nameless toiler.

Mold

Anonymous said...

Mr. Field, FYI, even though you probably haven't read one of my comments or suggestions to you in the previous threads regarding market conditions and what to expect. You don't have to suffer so much, Mr Field.

Anyway, here's some valuable info for you:

Gold rises to record ahead of Fed meeting
1:35 pm ET 08/09/2011 - MarketWatch Databased News

SAN FRANCISCO (MarketWatch) -- Gold prices traded at a record Tuesday, slicing through the $1,750-an-ounce milestone as a massive selloff in global stock markets drew safety-seeking investors to the metal.

Gold futures for delivery in December added $30.80, or 1.8%, to $1,744.20 an ounce on the Comex division of the New York Mercantile Exchange.

The contract traded as high as $1,782.50 an ounce, an intraday record for the metal. Gold has gained more than 20% so far this year, including a gain of 5% this week.

"I suspect gold is going to keep going, I can't come up with any roadblocks when it comes to gold pushing foward," said Matt Zeman, head trader and strategist at Kingsview Financial in Chicago. "Volatility is here to stay."

Any corrections are likely to be shallow, shaving $40 to $50 off prices and based solely on profit-taking, he added.

"At this rate, we can see $1,800, $1,850 (an ounce) in a matter of weeks," Zeman said.

The U.S. credit downgrade, coming so close on the heels of the debt-ceiling crisis, has left investors searching for a safe haven and choosing gold, HSBC analyst James Steel wrote in a report to clients, referring to Standard & Poor's decision to downgrade U.S. debt late last week to AA+ from AAA.

Gold's record run pushed it past platinum, a rarer, harder-to-mine precious metal that traditionally trades at a premium to gold.

Gold and platinum futures prices reached parity on Monday as well, as gold continued to be one of the few defensive assets left standing.

Gold zooms past platinum

Platinum for October delivery gained $31.50, or 1.8%, to $1,755 an ounce. It earlier traded as high as $1,756.80 an ounce.

Despite being a precious metal, most demand for platinum comes from industrial uses, mainly as a key element in auto catalytic converters.

Unlike gold, mined in several different countries, 80% of the world's platinum comes from South Africa, where aging mines have faced labor strife and power outages, among other difficulties.

Before Monday and Tuesday, the last time the metals had reached parity was December 2008. But platinum quickly regained the upper hand shortly after.

"I don't think it is going to be the case this time around," said Rohit Savant, a platinum and palladium analyst at CPM Group in New York. Back in 2008, platinum's comeback was mainly on improvement in car sales from very low levels, he said.

With fear of a recession dominating markets, "we're likely to see gold trading at a premium until you see an improvement in economic conditions," Savant said.

The broader suite of metals futures tracked gold higher, with silver the lone exception. September silver declined $1.52, or 3.9%, to $37.84 an ounce.

The U.S. Federal Open Market Committee is scheduled to meet Tuesday to decide on its monetary policy, amid a debate over whether weakening economic indicators will force its hand in launching a fresh round of monetary easing. That possibility was lending some support to metals."

Mr. Field, remember me telling you about the 'bounce' before the sharp reversal down? Well, the bounce and reversal is today and tomorrow. Take care, brother.

Anonymous said...

Thank you liar-fer-jebus. Your lying about the newsjunkies caused me to visit the 'about us' of their website. Pulled your lie from your nethers...must be you are all WATB when posters point out that some 'sorces' are known to be liars.
Mold
It is significant that moderate centrists...are 'commies' to you. Again, thanks for lying.

Anonymous said...

BTW Goobers, still waiting for that Republican job proposal.

Nigga say wut? Nappy headed nigga mofo say wut?

Anonymous said...

"Obama is still saying, 'Yes, we can.' But he never explains why we haven't."

Yes he has. The reason we haven't is because of the Republicans. He says it all the time. Apparently he is 'powerless' against them.

Well, if the Republicans are successful at impeaching Obama, then maybe Biden can get some things done.

Anonymous said...

dont worry fluffycakes I gots your backside tee-hee...

Mold

Anonymous said...

field says, "Yes it is. Is Glenn Beckkk saying I told you so?"

where is this coming from, Mr. Field? The whole world knows the value of Gold today, not just Glenn Beck.

You really should stop listening to Beck and get on with your life. Beck is no longer on FOX...he is basically irrelevant....no?

Anonymous said...

Eternally Damned Mold Said...

"Thank you liar-fer-jebus".

Jesus just called he said he is gonna shrink your wittle binkie even more now for being such a blasphemous little prick, oh and that rash with the large pustules all over your ass...yup it's there to stay until you clean your soul, your ass will match the filth.

P.S he said he doesnt like you so much, your a weird little fucker

Anonymous said...

Desertflower, "Field, I have it on good authority that the Anon navigators are poised with their yachts under several bridges waiting in case you jump. They've got the mattresses all ready to cushion your fall!"

Right on Desert. But make sure he understands NOT to jump off the Ben Franklin Bridge on the Philly side. We are brothers on the Camden, Jersey side.

BetterMan said...

uptownsteve said...
I know how much facts offend goober but here goes AGAIN.

More jobs created under Obama than 8 years of Bush.

http://newsjunkiepost.com/2010/10/08/its-official-more-private-sector-jobs-created-in-2010-than-during-entire-bush-years/

BTW Goobers, still waiting for that Republican job proposal.


Sigh, you never learn. Even Carney Obamas mouthpiece said Government does not create jobs. The only jobs the government creates is temporary staffing jobs to run the red tape that eventually gets cut. Once you run out of other peoples money, those jobs are gone and whoopsie, looks like it has all been spent.

Anonymous said...

anon, "Mr. Field, remember me telling you about the 'bounce' before the sharp reversal down? Well, the bounce and reversal is today and tomorrow. Take care, brother."

Anon, you have made a lot of good calls about the market. Thank you. But Field ain't listening. Typical brother.

Anonymous said...

Gubmint no makey jobs...
SEALs?
Judges?
FBI?
DEA?
CDC?
ATSDR?
FAA?

Do you need more? While it is nice for no-education Goobers to self-assume they is so much besser than gubmint workers....most of the folks attempting to sneer haven't basic quals to apply.
I do fault Carney for repeating that lie.
OSS?
CCC?
TVA?

Somehow you pretenderate that government is not staffed by humans. Is it the same when you called high school girls 'lesbians' for not dating your Left Behind self? And no...once the tax money leaves your hand...you don't have direct control over it. Wahhh. It gets used to repair roads, fix water supplies, feed children, maintain nursing homes, pay employees....
And what would you do...buy more chaw?

Silly enabler of boy-molesting Catholic priests...you should stop Santoruming Revrunt BillySueRayBob...and read...yes, read the teachings of Jesus.
As far as liars-fer-jebus, Jesus threw them out of the Temple.

Mold

One Man's Anarchist Is Another Man's Wog said...

Hey, Purple Cow.....remember, you said the riots in London weren't about race......but being caused by "anarchists"?

Sounds to me like you have a lot of black anarchists on your hands:

http://blogs.telegraph.co.uk/news/katharinebirbalsingh/100099830/these-riots-were-about-race-why-ignore-the-fact/

You & the Mrs. going for a relaxing stroll this evening?

Anonymous said...

Gubmint no makey jobs...
SEALs?
Judges?
FBI?
DEA?
CDC?
ATSDR?
FAA?

Do you need more? While it is nice for no-education Goobers to self-assume


Now wut can u say bout a wite guy who calls other wite guys goobers nuttin let him get wuts comin

Anonymous said...

One Man's Anarchist Is Another Man's Wog said...
Hey, Purple Cow.....remember, you said the riots in London weren't about race......but being caused by "anarchists"?

Sounds to me like you have a lot of black anarchists on your hands:

http://blogs.telegraph.co.uk/news/katharinebirbalsingh/100099830/these-riots-were-about-race-why-ignore-the-fact/

You & the Mrs. going for a relaxing stroll this evening?


He's pulling an Obama - hiding from his earlier statements

Formula 409 said...

" Anonymous said...
Gubmint no makey jobs...
SEALs?
Judges?
FBI?
DEA?
CDC?
ATSDR?
FAA?

Do you need more? While it is nice for no-education Goobers to self-assume they is so much besser than gubmint workers....most of the folks attempting to sneer haven't basic quals to apply.
I do fault Carney for repeating that lie.
OSS?
CCC?
TVA?

Somehow you pretenderate that government is not staffed by humans.

Mold

3:15 PM"


Mold, you insufferable idiot......the issue is PRIVATE SECTOR JOBS.

One of the reason this country is bankrupt now is because of "government jobs", where the employees are being paid with money we HAD TO BORROW.

Anonymous said...

BetterMan said...
"You could always just sing, maybe "I aint got nobody" :)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ahahahahahahahaaa, I know I know, shouldn't laugh but, the visual is just so funny.....SMH! :))))))

Anonymous said...

Gee, a Conservative Party charterskool advocate. No bias there!
Oddly, she confuses the peaceful march for Justice for Mark Duggan (notice she steadfastly avoids the honorific of Mr) with thugs rioting and looting (many are quite pale).
Wonder if she felt her own personal condition needs the charterskool? Yes, I read her bio.
It is not as simple as you pretend.

Mold

Anonymous said...

BetterMan said...
"You could always just sing, maybe "I aint got nobody" :)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ahahahahahahahaaa, I know I know, shouldn't laugh but, the visual is just so funny.....SMH! :))))))

3:24 PM

---------------------------------

LOL. that is hilarious.

Anonymous said...

It is not as simple as you pretend.

Mold

No but you are and you aint pretendin..publik skools dun so much for da peeps dat edumacation gap gone close sum dey sune especialickey now dey eliminated dem test and given wafers I mean waivers to all da cheatin schools so dey dont haves to meets standards anymores yay we all gonna dink and sound like use do now all dat wit free paper and brekfest n lunch and even dinner and hot damn michell gonna get us some arugula too all fo fwee hotdamn i luvs me sum publik scewels

milton friedman said...

Peak Oil?

More nonsense from screwballs.

To reach Peak Oil the world would have to drill into EVERY known oilfield and begin to extract oil at the maximum rate technology permits.

Since vast areas of oil-rich territory are currently untouched by oil companies and many existing oil fields are run by morons who deliberately keep production at a low level, we have no idea how much oil we could pump if all the barriers were removed.

But I have no doubt we could double today's daily production of about 85 million barrels.

Without oil there will be no airplanes. No airlines.

When oil becomes as expensive as Al Gore dreams, airlines will stop flying because it will cost too much to fuel the plane.

Anonymous said...

this video link is a wake up call for some of you FN Negroes:

http://www.huffingtonpost.com/2011/08/09/jon-bruning-nebraska-welfare-raccoons_n_922312.html

Anonymous said...

So...the onliest 'real' jobs are private ones...what does a Koch-sucker make, anyway? Or an intern (hint, zero..which is why RussertJr can do it...but not the much more qualified person who can't afford to be unpaid for 1 to 2 years)
Then, you wail about government employees being paid off borrowed money. Gee, maybe if the bushWars were done...and the bush zero-taxes for the rich ended...and we raised revenues...we would not need to borrow. And, unlike Goober budgets, most governments can't walk away from obligations. PA has a law that means if you do the work...you MUST be paid. The giggling wankers in the 1990s PA Lege thought it was hi-larious to refuse to pay PA Civil Service workers...and to watch their suffering. Well, until it became clear that the Lege was personally responsible and could be sued.
You might want to Google your State, County and Local employment data to see how much of that eveel gubmint puts into your local economy. While it is heroically brave for a $14K/year nobody to want the nasty icky awful terrible amoral gubmint jobs to magickally vanish...it is a different tale when those Civil Service employees aren't purchasing. Ask the Harrisburg business community what they thought of the gleeful morons.
Or wonder what happens at Norfolk, VA...Ft Benning GA...Hagerstown MD...

And since the TaxBagger Masters broke unions..the only people making enough to buy stuff are the modestly compensated government employees. Sure, bread will be a nickel under the New Hayekian regime....but you will make about $1/day.

Mold

Anonymous said...

http://www.allenwestforcongress.com/contribute?gclid=CM_6jOH8wqoCFYfD7Qod0QMdJA

Anonymous said...

UncaMiltie, you are in error with your definition of Peak Oil. What you are selling is the Cheap Oil definition. Gas at under...say $4/US gallon. Peak Oil is...there ain't no more.
Consider the Bell Curve so beloved by racists without the education to debunk the book. Supply over Time. And the whale model is instructive...in that running out could be...painful.
So, now you understand the 1920s reference?

Mold

going in circles said...

SEALs? Judges? FBI? DEA? CDC? ATSDR? FAA?

Let's see. A long time ago the decision was made to invest all miiltary power in our government. We granted local governments the power to handle policing and the court system.

And we also decided it was best to make the Post Office a government agency.

For a long time, Freddie Mac and Fannie Mae were government agencies. Then, in a shift by the government, they were semi-privatized while retaining their government backing. Nice deal.

As we have learned, in almost every case, when private industry enters an industry, it performs better than the government.

UPS and FedEx have made mince-meat out of the Post Office. At the same time, e-mail is cutting the heart out of first-class mail.

Al that's left is junk mail. Great, isn't? The mailman brings stacks of junk mail to your home, you look at one or two items then throw out the pile, which is carted off by the one-day-every-two-weeks city garbage guy who collects the recyclable stuff.

A government worker brings the garbage to your home and another government worker hauls it away. It's wonderfully efficient.

Anonymous said...

Fable...that private does besser. Prisons? Schools? Long list of private being far worse and more expensive than the original government. Why are you lying?
UPS and FedEx got the profitable parts...and don't have to provide the same level of services as the USPS.
Businesses push the 'junk' mail. Wonder why you aren't being honest?

Mold

mellaneous said...

Field you are coming dangerously close to calling this system a sham. You are coming dangerously close to sounding like one former Jamaican P.M. Have you been hanging with the Rastas as well? Because you know they do their own thinking.

@Steve -good self correction on the S&P rating. It does look like a game is being played.

BTW unemployment has been on the rise for quite some time now. And yes in your more favored administration. Times are hard all over Steve and the Dems are saving the butts of the rich!

And the gov't statistics are misleading. Notice how the numbers always manage to stay just below 10percent? The reality is that nearly 15 percent or maybe more of our citizens are unemployed. And you know what its like in the black community.

@Sharon- you nailed it early on, you can say it again, full employment is not a priority of capitalism, in fact a bit of unemployment is good for business, it helps keep the other workers in mind.

@Granny- you are right Granny though some clueless folks actually believe that wealth is created out of some kind of vacum with no correlation to underpaid labor and subtle and not so subtle theivery, its not true. The rich got most of their money by underpaying and overworking, and by overcharging workers, which keeps them poor.

@Mold- great commentary post! Clearly some truth to racial misunderstandings and why they are promoted.

milton friedman said...

Peak Oil is exactly what I said it is.

It is the maximum rate of oil production of which the oil industry is capable.

We are nowhere close to the maximum, and, in fact, we do not know how large it would be for the simple reason that we will never tap all the known reserves at the same time.

Eventually we will tap ANWR. Eventually Brazil will tap its major offshore find.

But as long as known reserves remain untouched, we are operating at well below Peak Oil.

Then there are the reserves we haven't found -- yet. In deep water. Or deep below mountain ranges.

No one knows the size of the reserves in Saudi Arabia because they have not been measured in 40 years.

Anonymous said...

A government worker brings the garbage to your home and another government worker hauls it away. It's wonderfully efficient.

and yet Mold is still a "left Behind"

Anonymous said...

UncaMiltie, why don't you read the layperson-friendly Wikipedia entry? Or, if that is too much...the Google entries.
You might want to pull the DrillSareyDrill fakery on one who doesn't have a bit of Geology knowledge...and Geologist friends. And yes, some are petroleum specialists.

Before we bet the entire farm on PinkFairybushGuckerts...I'd want to be sure they exist. And not just in the magickal wisherating of Troo Beleevers.

Mold

Anonymous said...

Didnt someone keep posting over and over some cuckoo spin on how there are no Black Youths rioting and starting a race war?

Well the 911 calls tell a different story

http://www.fox6now.com/news/witi-20110808-fair-mob-reports,0,1285413.story

Anonymous said...

Before we bet the entire farm on PinkFairybushGuckerts...I'd want to be sure they exist. And not just in the magickal wisherating of Troo Beleevers.

Mold

In case anyone isn't sure this is liberal speak, a real Mensa candidate - once NAACP finds out the numbers and lobbies to eliminate the tests that is.

Anonymous said...

Mell, best guess from proven and accurate sources is about 25% of the US is unemployed. Thank the FSM for Unemployment Insurance!
Company towns are quite familiar to me. What some might not know is that these abominations are still around.
Full employment is fine..as all those workers are well-paid and spend more on what you make/sell. It is bad because they don't have to tolerate idiocy. Or mandatory prayer meetings. Or speed-ups. And all that money is theirs.
Look at how st reagan and bush loved the pilfering of retirements...essentially deferred income.
Sure, the labour costs drop...but no body purchases. The fallout of businesses would mirror the loss of companies during the Great Depression. Oh, it wasn't just the workers who had Austerian sacrifices.

Mold

Only Petroleum Mold Knows About Is Vaseline said...

"milton friedman said...


Eventually Brazil will tap its major offshore find."


Milton, the refiner I work for is tapping that Brazilian oil right now. Good stuff.

Anonymous said...

Why is it the default position of right-wingers to go into the anal fixation mode? The constant refrain they have about this is worrisome. As if they are closeted and are ashamed.
Seriously boy, if you like men...and you are of consenting age and competence...you should find like-minded adults to comport with.
I really am not interested in your fantasies.

Again, one can search out Peak Oil using this marvelous modern technology of search engines and the Internet.
While some serf-prole may not be privy to the data...the Geologists and Engineers are. They do converse about Peak Oil. I find it interesting that many have adjusted their lifestyle to conform to a world where petrol is scarce. Even to the point of learning lost skills...such as blacksmithing, weaving, and husbandry.

Mold

alicia banks said...
This comment has been removed by the author.
alicia banks said...

fn:

ditto

memo to hobama:

what fn said!!!

and

stop blaming the tea party for what u and your dc posses do!

http://aliciabanks.xanga.com/753897758/brewing-blame-%E2%80%93-on-scapegoating--slandering-the-tea

alicia banks said...

uninvited unlicked vdlr:

u will not get past my security as u did that elder geezer hobama!!!!

bet!!!

u turbo breeding aluminum foil bringing party crasher!!!!

http://aliciabanks.xanga.com/753897896/happy-birthday-to-me-%E2%80%93-81011/

milton friedman said...

I've been a securities analyst for many years, and several of those years were spent covering oil & gas companies.

I own stocks in several and keep an eye on oil issues.

Anonymous said...

Anonymous said...
Why is it the default position of right-wingers to go into the anal fixation mode? The constant refrain they have about this is worrisome. As if they are closeted and are ashamed.
Seriously boy, if you like men...and you are of consenting age and competence...you should find like-minded adults to comport with.
I really am not interested in your fantasies.



u better be careful steve is readin for sure and then what are the fruity cupcake and fluffy cakes gonna do tonight

milton friedman said...

only petroleum writes:

Milton, the refiner I work for is tapping that Brazilian oil right now. Good stuff.

Don't know if you're serious or joking at mold's expense.

If true, share a little more about the Brazilian operations.

Anonymous said...

UncaMiltie, so...you analyze your stuff. ETrade? Or another day broker?
Maybe the guy on the corner of X and Y who read the stock pages?
You are trying to claim authority...but are failing. You don't know the basics of business...the terms for certain industries...and only parrot the Fwee Market dogma.
You'd be more effective if you spoke from what you know. Claiming to be X...when you clearly are unfamiliar with that field...is only good if you are paid to be false by FAUX .

Mold

Anonymous said...

AB, I gave this video on a previous thread and no comment from any FN posters. Obviously there is NO interest.

I am surprised that you or Mellaneous did not respond, since both of you could probably understand the gravity of poor Blacks.

http://www.cnn.com/video/#/video/bestoftv/2011/08/08/exp.am.smiley.west.poverty.cnn?iref=videosearch

Anonymous said...

Dear AB, Mell, and Mr Field, please view the video below. It is surprising that Obama would support this. It seems immoral and unethical:

http://www.huffingtonpost.com/2011/08/09/panama-trade-deal_n_922398.html

milton friedman said...

UncaMiltie, so...you analyze your stuff. ETrade? Or another day broker? You are trying to claim authority...but are failing. You don't know the basics of business...the terms for certain industries...and only parrot the Fwee Market dogma.

mold,

Whether you believe your own drivel or just enjoy diddling around, well, I have no idea.

But I know what I do for a living, so that's that.

Anonymous said...

Dear AB, Mell, and Mr Field, please view the video below. It is surprising that Obama would support this. It seems immoral and unethical:

http://www.huffingtonpost.com/2011/08/09/panama-trade-deal_n_922398.html


Clarification, we don't pay income tax on wealth, we pay income tax on income. Most of us pay no income tax at all, we need to research those people as well, especially those on the dole.

Anonymous said...

UncaMiltie, whatever you do...it has little to do with analyzing or business.
Here's a hint, I should not know more about what you claim to be an expert at. If I do...then you are not.
Pretty simple.
Applies to nearly everything.
You really should stick to what you know.

Mold

Aunt Mildred said...

UncaMiltie, whatever you do...it has little to do with analyzing or business.
Here's a hint, I should not know more about what you claim to be an expert at. If I do...then you are not.
Pretty simple.
Applies to nearly everything.
You really should stick to what you know.

Mold


And what is it that you do professionally today?

BetterMan said...

AB - Happy Birthday!!! Don't tell us details but do have a nice day (we don't wan't you know who to start stalkin you)

Stay Crude, Dude said...

Milton, I mainlt deal with the downstream end of the refinery, selling & moving already refined products.

But, I do know we're bringing in Frade & Ostra Brazillian crude from the Tupi Field:

http://en.wikipedia.org/wiki/Tupi_oil_field

Long Lost Art said...

"Aunt Mildred said...
UncaMiltie, whatever you do...it has little to do with analyzing or business.
Here's a hint, I should not know more about what you claim to be an expert at. If I do...then you are not.
Pretty simple.
Applies to nearly everything.
You really should stick to what you know.

Mold


And what is it that you do professionally today?

5:29 PM"



I have it on good authority that Mold polishes door knobs with her anus.

mellaneous said...

Anon 4:18 I read that HuffPost article you referenced. Very good info. Thanks.I knew most of that already except I didn't know that it was that easy to hide money in Panama.

The Panama tax dodge sure makes it look like there are some fake moves being put on by the White House.

Here is an interesting excerpt from that article:

"While the IRS is starved for information on U.S. individuals hiding money in Panama, it has the opposite problem among U.S. corporations. In 2008, the Government Accountability Office issued a report noting that 17 of the 100 largest American companies were operating a total of 42 subsidiaries in Panama, suggesting that these subsidiaries could be used to help firms skimp on their U.S. tax bills.

But while the IRS knows that firms are operating in Panama, it doesn't have the resources to investigate or prove that the offshore activities of U.S. companies are devoid of economic substance other than tax-dodging. While 17 of the 100 largest corporations were operating Panamanian subsidiaries, a total of 83 were operating sub-companies in nations the GAO labeled as tax havens, with some corporations using dozens of different subsidiaries."

The Purple Cow said...

Dear 'Liberal Tormentor - tormenting liberals with logic and facts since1982' - you can't run away from me for ever.

When are you going to answer my points about job creation in Wisconsin?

Why won't you debate?

What are you scared of?

The Purple Cow said...

Quote:Dr.Queen "Probably afraid of people who make dumb political ASSumptions like yourself based on an inability to understand the written word."

Ha!

So sez the genius whose most telling contribution to this debate is...

"The S&P downgrade was some political bullshit!!!"

You've got no rights to the intellectual high-ground on this one.

Do you have a PhD in 'Stating The Totally Fucking Obvious?

Just another yute said...

Well, hey there, Cow!

How are the "anarchists" doing this evening? How's old Hackney-town?

Anonymous said...

The Purple Cow said...
Dear 'Liberal Tormentor - tormenting liberals with logic and facts since1982' - you can't run away from me for ever.

When are you going to answer my points about job creation in Wisconsin?

Why won't you debate?

What are you scared of?


Entering in sideways here but just to confirm, do you mean the wisconsin that just eliminated a 3 billion deficit and is now 300M + in the black? Just checking, things are looking good for fiscal opportunities under the republican leadership, they did this in just six months and even with all the AWOL crybaby dems, you should try this over in your country ,probably have less burning cars and buildings.

Anonymous said...

Golly, again with the right-wing fascination with the rectum. No thanks, 'I'm British'.

Like any Rational Being would trust nummers offered up by Scott Walker and his band of Koch-suckers.

Oh, you want to stalk...I will decline your need to MalkinStalk. Seems like you and the antibortionists have the same response to vocal women.

Mold

Dr. Nuwang said...

The Purple Cow said...
Do you have a PhD in 'Stating The Totally Fucking Obvious?
>>>>>

CLEARLY you have a PhD in handkerchief head n*gga speak.

Anonymous said...

Like any Rational Being would trust nummers

then lucky for you you are not a rational being aint it

Dr. Nuwang said...

The Purple Cow said...
Do you have a PhD in 'Stating The Totally Fucking Obvious?
>>>>>>

Why don't you tell your Auntie and 'em to stop burning London down before the Po-Po pops a cap in their collective asses!

Anonymous said...

Oh, you want to stalk...I will decline your need to MalkinStalk. Seems like you and the antibortionists have the same response to vocal women.

Mold\
you mean like you do to AB and Dr Queen and Sarey Palin and Michelle Malkin? U might be a pussy but you aint no woman little white boy, just ask AB and Dr Queen and of course fluffy cakes

Anonymous said...

Keep lying. It brings you street cred with wingnuts. And Koch-suckers.
I don't stalk...but I do illuminate the discrepancies. Might be fear on your part.

Show your 'proof' that I am a white male. Anytime.
Or...just keep blustering and remaining obsessed with anal orifices. Isn't it time you admitted your personal desires? Maybe you and Marcus Bachmann could tame your inner barbarian urges together?

Mold

that don't hurt said...

What I learned from my mother:

Nine-Year-Old Beaten By Mother

On Sunday morning, police received an anonymous call about a child being assaulted at an apartment on Lefferts Place.

Upon arriving, officers could hear the sound of a woman beating her daughter with a belt.

The 9-year-old girl was found to have numerous bruises about her body, including her left arm, both inner thighs and back.

The girl was sent to Brooklyn Hospital. The Administration of Children’s Services later released the girl to the custody of a grandmother.

Anonymous said...

Show your 'proof' that I am a white male. Anytime.
Or...just keep blustering and remaining obsessed with anal orifices. Isn't it time you admitted your personal desires? Maybe you and Marcus Bachmann could tame your inner barbarian urges together?

Mold
Sure you want to challenge me Dave? Are you really sure Mr New Yorker?

field negro said...

"When are you going to answer my points about job creation in Wisconsin?

Why won't you debate?

What are you scared of?"

Facts!

Did someone call me a commie up thread? Flattery will get you nowhere sir.

GrannyStandingforTruth said...

Paul Ben:

With all due respect. You must be new on this blog because I'm not in the habit of using anyone's talking points. Now, I might not be the brightest bulb on this blog because I could go down the list of people on here who I feel are way sharper than me, but I do have a brain that functions independently and critically.

Anyone on here including those who may not like me know that I do not need help from anyone to tell me what to say or think. I might be getting old, but the wheels in my mind haven't slowed down a bit and my discernment is keen. I call it like I see it and in plain old simple terms that anyone can understand what I'm saying and sometimes I have a gifted ability to call what is up ahead even before it happens.

BTW, are you sure and confidently certain that that I am poor and easily brainwashed?

Sometimes too much power is not a good thing because people tend to go overboard and get too big-headed, selfish, and arrogant with it. A balance in power is always better because it keeps people grounded. Nevertheless, it is not the Democrats who want sole power, it is the Republicans and they do not want to share in power either. Nope, they want to dictate! That's why they are going through the trouble of trying to unlevel the voters playing field. Funny how the revolution was to get from under the King's dictorial power and gain freedom, but now the Republicans want to become the dictators.

As If We Didn't Know said...

London is burning:

What colour is Mark Duggan? Mark Duggan is the man who was shot dead by the police on Thursday in Tottenham.

The Tottenham riots last night were sparked when people protested his death. This morning, I first heard of the riots on the radio, then on the television.

I read articles on the internet. But oddly, no one would say what colour Mark Duggan was. No one would say the unsayable, that the rioters were, I suspect on the whole, black. Then, finally, Toby Young’s Telegraph blog post on the riots was published.

Is Toby Young the only journalist out there who will dare say that these riots are about race?

Still, one paper did carry a photo of Mr Duggan. When I saw the photo, it confirmed what I knew instinctively: black youths once again have set London alight.

Some of the black kids I used to teach will tell you that the riots are absolutely justified. A number of adults would agree with them. Everywhere I read that the protest was understandable because “people are very angry”.

I’d like to know what they’re angry about. Mark Duggan is dead. He was shot by the police in a shootout.

Duggan was in a minicab and shots were fired from both the cab and the police elsewhere. A police officer was hurt in the incident and a bullet was found lodged in a police radio.

Either Duggan was shooting at the police or the driver of the minicab was. Either Duggan was in the wrong place at the wrong time and his death is a terrible tragedy – he was caught in the crossfire – or he shot at the police and the police defended themselves.

Whatever the explanation, the police did not kill this man in cold blood.

Who Knew said...

London is still on fire:

Yet, a friend of Duggan who gave her name as Niki, 53, said marchers had wanted “justice for the family” and “something had to be done”.

She said some of them lay in the road to make their point. “They’re making their presence known because people are not happy. This guy was not violent.

Yes, he was involved in things but he was not an aggressive person. He had never hurt anyone.”

I wonder what “involved in things” means? I also wonder whether the police officer who was hurt at the scene believes Mark Duggan never hurt anyone.

“Something had to be done”? She makes it sound as if the police are killing black people every other weekend and finally someone decided to take a stand.

At school I remember watching a presentation given to the kids by Trident, the Metropolitan Police Service unit set up to investigate and inform communities of gun crime in London’s black community.

I didn’t know what Trident was then, and it struck me that all of the photos of people shot (the idea was to scare the kids) were black. So at the end, I approached one of the policemen and asked him what percentage of those involved in gun crime were black.

I kid you not, but my question made this thirty-something white man who was, after all, trained to deal with the black community and its issues, turn pink.

He explained that about 80 per cent of gun crime took place in the black community.

I smiled uncomfortably. But no, he said, it was worse than that.

Then he told me that 80 per cent was black on black gun crime, and that of the remaining 20 per cent about 75 per cent involved at least one black person: black shooting white, or white shooting black.

I pushed to know more. While he kept saying his stats were crude and he didn’t have scientific numbers, on the whole the whites who were involved in these shootings tended to be from Eastern Europe.

Was any of this ever mentioned in their presentation? Of course not.

Just like the news about the Tottenham riots doesn’t mention race either.

Problems cannot be addressed unless people are willing to tell the truth. As with so many other things in this country, we stick our heads in the sand and refuse to speak out about it.

Anonymous said...

You might want to give credit to the actual writer
Troll, show your 'proof' that I am a white male. Anytime.
Or...just keep blustering and remaining obsessed with anal orifices. Isn't it time you admitted your personal desires? Maybe you and Marcus Bachmann could tame your inner barbarian urges together?

Still waiting for your 'proof'.

I'm certainly not getting any younger.;)

Granny, nice post! Loved the statement about the need to eliminate the loyal opposition.

Mold

GrannyStandingforTruth said...

Thanks Mold! I also wanted to tell you that I've been enjoying your post this morning too. You was teaching and preaching it! Amen, Sister Mold, amen!

Anonymous said...

Wow, that means a lot, Granny. Thank you.

Mold

Anonymous said...

GrannyStandingforTruth said...
Thanks Mold! I also wanted to tell you that I've been enjoying your post this morning too. You was teaching and preaching it! Amen, Sister Mold, amen!


Having legitimized a white he-she your senility is now confirmed.

forensic reader said...

mold is a white male.

It's in his syntax. It's hard for a male writer to impersonate a female. For mold it's impossible.

LACoincidental said...

IDK why everyone's 'surprised' about the London Black uprisings. With all the talk of an 'enlightened' Europe -those mofos are about 20-30 years behind us in race relations.

And give the new found love of 'austerity' all over the EU (with the exception of Germany and few other smaller nations), its no surprise there's a riot going on.

The question is, when will American 'rise up'***?


*** And by rise up, I mean peacefully and through the ballot. Riots do little to solve anything.

Also, you can't produce creeps like Thatcher and Murdoch (I know he's an Aussie, but he made his big money in the UK) and not have an undercurrent of right wing nastiness.

slapnutz said...

Yeah,rightwing nastiness causes negros to steal shoes and flat screens.

Anonymous said...

*** And by rise up, I mean peacefully and through the ballot. Riots do little to solve anything.

And do what exactly? demand more free stuff? Enslave whites to work for you to compensate for your cultural and living deficiencies? What exactly are you going to rise up for? we are broke there may very well be no more handouts at this rate. Just make sure like the Poofters in England you are admiring you don't rise up and meet Johhny Glock and Mr Smith and Wesson, seems like it is about time people started using the intellectual advantage offered by advanced cultures with superior intellects against savages.

Why do Africans everywhere suck the blood of everyone else, famine relief for African nations 500+million and counting, why are Africa, Haiti, US blacks always needing handouts? Why? Why are there no African nations ever who can give a handout or even support themselves?

GrannyStandingforTruth said...

These people kill me when they seem to think that after they brought a gun, that the gun manufacturers stop making them.

And speaking of handouts, rich whites have been on the receiving end of handouts since this country began. They accepted handouts from the Native Americans and if it wasn't for the Native Americans they would have died of starvation. To show their gratitude, they anniliated the Native Americans. And talk about barbarian and savage, slavery in this country topped the cake. Again, whites accepted handouts because they sure did not build this country with their own labor.

Nope! And no one has been able to top handouts that the rich and corporation have gotten through Corporate Welfare. I mean they have caused this country to go nearly bankrupt with all the handouts they've received.

It amazes me how they like to boast about America being superior to Africa, but yet we have homeless people living under freeways and eating out of garbage cans. The famine has been here in America since Republicans took office. That's when the homeless population really started to swell. So, my question to you is why do rich whites suck the blood and life out of every country they set foot on?

Can't say that I blame some of those Asian countries and others for not wanting you in their country. Not the way, y'all kill, steal, and destroy everywhere you go, you really can't blame them for feeling the way they do.

Anonymous said...

The Shoeshine boy bubble burst indicator for Gold:

"The story of how Joe Kennedy avoided ruin in the 1929 stock market crash is a Wall Street legend. While getting his shoes shined, Kennedy’s shoeshine boy started giving him advice on what stocks to buy. At that very moment Kennedy claims he had an epiphany, realizing that it must be time to sell. After tipping the bootblack, Kennedy reportedly hurried away and sold all of his stock holdings just in time to avoid the carnage of the 1929 stock market crash.

Similarly, Bernard Baruch, the legendary Wall Street trader, famously wrote of the zeitgeist as it manifested in the common man at the height of the 1929 bubble:

“Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day’s financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929.”

Shoeshine boys (taxi drivers, waiters, etc.) giving stock market advice has become a Wall Street metaphor for prototypical behavior at the top of financial markets bubbles.

What Are the Shoeshine Boys Saying About Gold These Days?

Just in the past week, several friends have forwarded the following anecdotal reports to me.

1. A plumber working under a sink asked whether he should put all his retirement money in gold.

2. A taxi driver, making the rounds, asked his passenger how he could invest in gold.

3. An auto mechanic asked a friend what he thought about gold while he was working under the hood.

The people that reported these incidents to me are all investment advisors. Their take on these incidents was that these were potential signals of a top in gold. The indecisive action in gold last week in the midst of panic seemed to reinforce this hypothesis in their minds.

However, I think it would be premature to say that these incidents qualify as sell signals as I interpret the “shoeshine boy indicator.”

A Specification of the Shoeshine Boy Indicator

Below is my interpretation of how to specify the famous “shoeshine boy indicator.” The requirements of this indicator are met when the following two conditions are in place:

1. The “shoeshine” boy is not merely asking questions about speculating in a given asset or even just reporting about having made an investment in such an asset. This indicator is triggered when the “shoeshine boy” states that he has been investing in this asset class for some time and enthusiastically brags that he has made LOTS of money doing so.

2. The “shoeshine” boy is not merely asking questions about or reporting having made investments in a particular asset class. He is actively and enthusiastically recommending and promoting investments in said asset class, saying things such as “you are a fool if you do not do it.”

In sum, the shoeshine boy indicator flashes a “sell” when the protagonist both indicates that he is an experienced investor that has made money for quite a while in the given asset class and simultaneously proselytizes about the virtues of investing that asset class as a “sure thing.”

My read is that the “shoeshine boy indicator” has not been triggered yet with respect to gold. The ”shoeshine boys” in the recent examples given are still just asking questions and/or barely getting their feet wet in the world of gold speculation.

And by the way, “shoeshine boys” are not just blue-collar folks. Indeed, I think that one of the most definitive trigger events will be when university professors -- a class of individuals that previously would have be ashamed to even talk about gold in decent company -- start singing the praises of gold. Again, we are not there yet. Today, gold pundits are still considered a disreputable bunch within academic circles."

GrannyStandingforTruth said...

Oh Lawd, now we are being invaded by Glen Beck's gold advertisers.

Field, I thought you said, "This is a commercial free blog.
Money is nice, but being able to speak my mind is better."

You might want to let these blog to blog salesmen know that. I'm just saying. Smh!

Anonymous said...

It amazes me how they like to boast about America being superior to Africa, but yet we have homeless people living under freeways and eating out of garbage cans. The famine has been here in America since Republicans took office. That's when the homeless population really started to swell. So, my question to you is why do rich whites suck the blood and life out of every country they set foot on?

So why aren't you out there protesting that homeless americans get help instead of sending the money to africans? You are american aren't you? You don't think the white majority can continue to support black here and all over the world do you? They have always been there and after this help will always be there, history proves that is a fact, they will never get on "thr feet" they don't know how. Maybe you can go over there and lead them and teach them how to shoot from those gun manufacturers you bought a gun from in order to riot and demand whitey take care of you or you will kill him.

field negro said...

I wonder if the angry white guy posting as Anon lost his job to one of you Negroes? it sure sounds like it. :)

Relax my friend things will get better for us here in A-merry-ca really soon. When Mitt is President things will be back to normal. It's that beige guy in the WH having these Negroes feeling "froggy."


"Field, I thought you said, "This is a commercial free blog.
Money is nice, but being able to speak my mind is better."

I know Granny, but these folks are sneaky.

GrannyStandingforTruth said...

Excuse me, but what makes you think that I've been sending money to Africa? Do you know this for sure or are you just taking a little bit too much upon yourself again and spouting off those false assumptions again. I don't remember showing you my checking account book or anybody else for that fact. My bank book is my private and personal business. Do you know something I don't know because I don't recall writing a check to Africa?

However, since you are so concerned and seem to invest so much time and energy into discussing Africa, looks like you would put your money where your mouth is and send a check to Africa. Oh, I forgot, you just like to badmouth people of different skin colors and threaten the use of guns.

Charity starts at home and spreads abroad and there are people right here in America that need help. And in case you did not know it, there are many many homeless people who are white as well. In addition, many of those in the military who fought in behalf of this country are returning to America homeless. That's the gratitude that is being shown for their service to our country. Of course, you wouldn't care about that because you are blinded by greed and selfishness.

Instead of asking me am I American you should be asking yourself that question because you don't give the impression that you care about America or Americans, except for how much money you can make and hoard.

Thinking Out Loud said...

Aside from our winding down the operations in Iraq and Afghanistan, which will stop the budget hemorraging there, we should also consider pulling out of most countries where we've had troops stationed for some time.

Most of our overseas presence should be brought back home; the world's a much different place now - our potential adversaries are aware of our strengths and understand that it would be grand folly on their part to do anything rash simply because we no longer have boots on the ground. If not by ballistic missile, we could be on them in no time with our far-reaching power-projection capabilities.

My Blog said...

GrannyStandingforTruth,

Half your post was about yourself not being influenced or brainwashed, the rest is proving the opposite!!

Anyway,I tried elsewhere before and I tried here on this blog, but I always conclude that it is really impossible to discuss anything, especially politics with, let me put it politely, non-independent minded people.

Thank you for proving my point, yet again, again, and again. Have a nice day/night!

A little advice for all of you:

Stop idolizing politicians or any famous people, regardless of their status, their race, skin color, country of origin, etc.

Give it a try, stick to the Constitution and the Founding Fathers, you'll be FREE and America will prosper again.

Thank you!