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Posted on Dec 29, 2010
AP / Pablo Martinez Monsivais

President-elect Barack Obama, accompanied by budget director-designate Peter Orszag, smiles during a news conference on Nov. 25, 2008, in Chicago.

By Robert Scheer

Two years into the Obama presidency and the economic data is still looking grim. Don’t be fooled by the gyrations of the stock market, where optimism is mostly a reflection of the ability of financial corporations—thanks to massive government largesse—to survive the mess they created. The basics are dismal: Unemployment is unacceptably high, the December consumer confidence index is down and housing prices have fallen for four months in a row. The number of Americans living in poverty has never been higher, and a majority in a Washington Post poll said they were worried about making their next mortgage or rent payment. 

In a parallel universe lives Peter Orszag, President Barack Obama’s former budget director and key adviser, who even faster than his mentor, Robert Rubin, has passed through that revolving platinum door linking the White House with Wall Street. The goal is to use your government position to advance the interests of your future employer, and Orszag and Rubin’s actions in the government and then at Citigroup provide stunning examples of the synergy between big government and high finance.

As Bill Clinton’s treasury secretary, Rubin presided over the dismantling of Glass-Steagall, the New Deal legislation that would have prohibited the creation of the too-big-to-fail Citigroup. He was rewarded with a $15-million-a-year job at Citigroup, where he became a leader in the bank’s aggressive move into high-risk ventures. An SEC report in September claimed that Rubin as Citigroup chairman was aware that the bank failed to disclose $40 billion it held in subprime mortgages before the collapse. 

During those years at Citigroup, Rubin financed the Brookings Institution’s Hamilton Project, an economic policy program, and named Orszag, a Clinton economic adviser, as its director. The Hamilton Project continued to celebrate Rubin’s deregulation philosophy up to the point of utter embarrassment. Clearly, Orszag is not easily embarrassed, for upon taking his new job recently he boasted “I am pleased to be joining Citi, with its unmatched global platform and dedication to providing clients with service and advice.”

The most damning comment on this corrupt syndrome was offered by former Citigroup co-chief executive John Reed, who had worked with Rubin to get Glass-Steagall reversed and now is a sharp critic of the result. “We continue to listen to the same people whose errors in judgment were central to the problem,” Reed told Bloomberg News. “I’m astounded because we basically dropped the world’s biggest economy because of an error in bank management.” Reed estimated that the financial deregulation proposals contained in the Dodd-Frank bill and other reforms of the Obama administration represent only 25 percent of the change needed.

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The failure to provide serious regulation of the financial industry to avoid future downturns is documented in devastating detail in that Dec. 28 Bloomberg report, written by Christine Harper: “The U.S. government, promising to make the system safer, buckled under many of the financial industry’s protests. Lawmakers spurned changes that would wall off deposit-taking banks from riskier trading. They declined to limit the size of lenders or ban any form of derivatives.”

The reason for that failure is obvious from the president’s choice of advisers featuring Rubin acolytes from the Clinton years. Harper writes: “While Obama vowed to change the system, he filled his economic team with people who helped create it,” referring to, among others, Timothy F. Geithner, who had gone from the Clinton Treasury Department to head the New York Fed, where he presided over the salvaging of Citigroup and AIG. As Obama’s treasury secretary he was quick to appoint a Goldman Sachs lobbyist as his chief of staff. Geithner’s subservience to Wall Street was reinforced by White House top economic adviser Lawrence Summers, Rubin’s deputy and then replacement in the Clinton administration who pushed through the repeal of Glass-Steagall and fought against the regulation of derivatives.

And with the decisive assistance from both a Republican and Democratic president, all has worked out just as planned for the banks. Harper reports: “The last two years have been the best ever for combined investment-banking and trading revenue at Bank of America Corp., JPMorgan Chase & Co., Citigroup, Goldman Sachs Group Inc., and Morgan Stanley, according to data compiled by Bloomberg.”

It’s all wonderfully bipartisan. Recently it was announced that Carlos Gutierrez, commerce secretary under George W. Bush, had been named to a high position at Citigroup. For President Obama, there’s no cause for worry about the loss of indispensable talent from his administration. Orszag’s replacement as head of the Office of Management and Budget, Jacob J. Lew, was both a member of Rubin’s Hamilton Project and a former Citigroup executive—thus ensuring that government of the banks, by the banks, for the banks shall not perish from the Earth.

Click here to check out Robert Scheer’s new book,
“The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street.”


Keep up with Robert Scheer’s latest columns, interviews, tour dates and more at www.truthdig.com/robert_scheer.

 

Click here to check out Robert Scheer’s book,
“The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street.”


Keep up with Robert Scheer’s latest columns, interviews, tour dates and more at www.truthdig.com/robert_scheer.



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By Anonymous Operation Want, January 16, 2011 at 11:59 pm Link to this comment
(Unregistered commenter)

Mr Scheer,
Please read this important information regarding
Sweden’s Trade for Assange. Please use this information
to write the story that needs to be exposed.

h tt
p://open.salon.com/blog/anonymous_operation_want/2011/0
1/13/swedens_big_trade_deal_for_assange_who_profits_mos
t

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MarthaA's avatar

By MarthaA, January 5, 2011 at 2:28 pm Link to this comment

Lafayette,

Since you have the French name of a nobel Frenchman who was possibly the deciding factor in the American Revolution, perhaps you will be interested in this video Yale Course No. 23 by a French professor about ‘Collaboration and Resistance during World War II’, there are the same insidious effects on the economy within the United States with the Vichy Democratic Party’s collaboration with little or no resistance in the demise of the United States economy for the whole:

http://www.brasschecktv.com/page/999.html

“Some people are aware that Standard Oil, General Motors, Ford, IBM, Wall Street and the Bush-Prescott family were great friends of the Nazis before the war. (Standard Oil and the Bush-Prescotts continued to trade with them throughout the war.)

What is less well known is the logistics that made it possible for the Nazis to track, arrest, guard, transport, manage the camps and execute millions of Europeans of all nationalities and religions during the war.

Contrary to popular myth, it was not Nazi storm troopers who did the dirty work.

The reality is even more chilling - and instructive.”


This professor was a young boy at that time and remembers the Nazi administration.

http://www.brasschecktv.com/page/999.html

.

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By Lafayette, January 5, 2011 at 1:01 pm Link to this comment

TD3: I read several articles by economists several years ago critisizing comparative advantage and its deterimental bad consequences to the US, but I admit I don’t remember the names.

I can understand your distress.

I would like the sun to rise in the West and set in the East. But that wont be happening either, will it?

You are beginning to understand why Economics is called the Dismal Science. When all is fine, economics is a truly, “interesting subject”.

But when the Fit hits the Shan, then economics becomes truly dismal. Such is life.

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By PatrickHenry, January 4, 2011 at 8:42 pm Link to this comment

truedigger3,

Based upon the same technology by which cruise missiles are guided.

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By truedigger3, January 4, 2011 at 7:45 pm Link to this comment

The time stamp of truthdig is rediculously off. I submitted a post at 5:19 pm on my local central time and it was posted in truthdig by a time stamp of 12:19 am in the following day????!!!!

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By MarthaA, January 4, 2011 at 7:29 pm Link to this comment

Re-wiring the financial system of the United States and the world. 

Catherine Austin Fitts exposes the “tapeworm economy” of the United States:

http://www.realecontv.com/videos/post-collapse/
re-wiring-the-financial-system.html

““Why not just expel the parasites?”

Catherine Austin Fitts was Assistant Secretary of Housing under George H.W. Bush.

She has an extremely sophisticated understanding of how the world’s financial system works right down to the “inconvenient truth” that revenues from the illegal drug business are essential for propping up the big money market banks. (Not a theory. Proven over and over again in criminal court trials.)

Fitts’ well thought out ideas about exactly what needs to be done to put the American economy powerfully back on course were not welcome in the crime-friendly Bush administration and she was driven from government.

In this fascinating interview, she talks about where things are ultimately headed, the the true nature of the threat we face, and what we can do to turn things around.

Absolutely must listening.”

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By truedigger3, January 4, 2011 at 7:19 pm Link to this comment

Re: By Inherit The Wind, January 4 at 11:09 pm comment

ITW wrote:
“TD3:

It sounds really good until you actually look at it.  Then you realize how absurd it is. 

Most PC motherboards are built in Taiwan. Lithium for batteries comes mostly from Bolivia. Most of the other “rare earths” are mined in China.  The cost of American Lithium, rare earths and motherboards alone would make PC pricing prohibitive.

You don’t grow bananas in Russia, or winter wheat in Columbia, and you don’t make fishing a big industry in Afghanistan.

Economists since Adam Smith and David Ricardo in the early 19th century were able to quantify comparative advantage and relative advantage.  Local assembly cuts down on transportation costs, which is why they exist. “
———————————————————————

ITW,

I don’t know how absurd or not absurd what I suggested is. It is just a basic idea and the details could be worked out by the experts. I am not calling for cancelling interanational trade nor I am calling for iron clad commitment that each part to the smallest screw has to be manufactured locally. Of course we will still have to import banana from central America and good Vodka from Russia.
I don’t see any reason why clothes and shoes have to be manufactured abroad except it makes Wall St. and the top managerial corporate class more obscenely richer.
There was a time, not in the distance past, when the US manufactured almost every thing locally. It was a good period with optomism and tranquility in the land and the top elite still made very good money and amassed wealth but not at the current obscene rate and level.
Adam Smith warned specifically from the harm resulting from moving manufacturing abroad to where it is cheaper to manufacture.
I read several articles by economists several years ago critisizing comparative advantage and its deterimental bad consequences to the US, but I admit I don’t remember the names.

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By MarthaA, January 4, 2011 at 6:16 pm Link to this comment

David J. Cyr, January 4 at 3:51 pm,

The Declaration of Independence states clearly what an unrepresented populace needs to do, dissolve political bands:

“When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their Public Records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.”

Finish reading the Declaration of Independence at the following link:
http://www.ushistory.org/declaration/document/

We the majority population of the United States need to not forget the reason for the Declaration of Independence; although a different time and place, all is the same today:

We the majority population do not need to argue over any other agenda that does not include us, the majority population—we need to form our own agenda as an American Populace, implement our own agenda and withdraw from contention regarding other agendas that do not concern us, just as was provided for us in the Declaration of Independence.

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By Inherit The Wind, January 4, 2011 at 6:09 pm Link to this comment

TD3:

It sounds really good until you actually look at it.  Then you realize how absurd it is. 

Most PC motherboards are built in Taiwan. Lithium for batteries comes mostly from Bolivia. Most of the other “rare earths” are mined in China.  The cost of American Lithium, rare earths and motherboards alone would make PC pricing prohibitive.

You don’t grow bananas in Russia, or winter wheat in Columbia, and you don’t make fishing a big industry in Afghanistan.

Economists since Adam Smith and David Ricardo in the early 19th century were able to quantify comparative advantage and relative advantage.  Local assembly cuts down on transportation costs, which is why they exist.

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By MarthaA, January 4, 2011 at 5:10 pm Link to this comment

truedigger3, January 4 at 8:35 pm,

In 1929 the Right Wingers jumped out of high windows to their death, rather than be without wealth. Right Wingers would rather be dead than share the wealth, so when the Right Wing conservatives crashed the economy in 2008-2009 Bush and Obama saved the Right Wing from the consequences of their actions, why should they, who caused the problem, suffer their own consequences, as there is the Common Population that can be forced to suffer in their stead.

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By MarthaA, January 4, 2011 at 4:45 pm Link to this comment

Lafayette, January 3 at 7:38 pm,

NPR reported that it is the 6,000 wealthiest U.S. families at the top of this corporate/elite Ponzi pyramid getting all the benefit; along with their Estate Tax savings, whether the Majority Population wanted them to or not, the tip of the pyramid’s most wealthy 6,000 families also got a $700 Billion borrowed tax cut—the wealthiest 2%—2% of 300,000,000 people is 6,000.  Here is a link to one of the articles:

http://www.npr.org/2010/12/14/132028338/senate-poised-
for-key-test-vote-on-tax-cut-deal?ft=1&f=1014

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By truedigger3, January 4, 2011 at 3:35 pm Link to this comment

Re: By Lafayette, January 4 at 2:25 pm

Lafayette,

Here, in my humble opinion, is an idea to solve both the sad internal unemployment situation and in the same time be able to compete in the world market:
For example, let us assume a company is selling computers. Some of these computers are sold in the USA and they all should be manufactured in the USA.
The computers that are sold in the world markets, should be built in regional factories, so you build a factory in China or Vietnam to sell to the far east, and a factory in India for India etc etc. These regional factories, for different products, have be sprinkled in as many countries as possible, in order that nobody feels left out or short changed.
It shoud be strictly forbidden to export beyond the alloted region or these products get exported to the USA.
Wall St. and the top corporate class will still make very good money, but not as good as before, so unfortunatel, with their former display of utter greed and selfishness they will not consider such an idea, although this is, in the long run, is good for them because if the current trend continues, most likely, it will not end pretty.

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By David J. Cyr, January 4, 2011 at 10:51 am Link to this comment

QUOTE (of an avatar, being a painting of a dead French fop):

“But dammit, let’s stop blaming Obama! Because the option to his administration is far, far worse.”
_______________

Yes, Obama didn’t do it alone. He wasn’t the only one.

69,456,897 Obamamaniacs got the government of, by, and for maniacs that they voted for.

The corporate party’s Democrats are so focused upon full spectrum global domination that they don’t care if there’s any life livable on that globe after they succeed in dominating it.

The Black-shirt minded Liberals made fascism fashionable again, and now they complain when their Brown-shirt minded conservative partners want full participation in the corporate state’s End Stage mania too.

It’s the “progressive” activist liberals who succeeded so well in their “wasted vote” voter suppression campaign who took all the good electoral options off the table. It’s the “progressive” liberals who made it possible for the corporate party’s shit to be all that’s electable. It’s the “progressive” liberals who made elections serve no good purpose.

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By Lafayette, January 4, 2011 at 9:25 am Link to this comment

tg3: What kind of society will become of us??!! How people will make a living here in the US of A?

Do you think America is alone in answering that question? It isn’t ... most of Europe is in the same sh*t. And all the answers point to painful changes in domestic economic policies (amongst others) as priorities.

There is no smoking gun, there are only smoking guns (if you are looking for the culprit). There is no short-term solution (other than the present mess) and only long-term measures that can be undertaken.

Namely:
* A systemic revamp of primary- and secondary-schooling to promote basic competency (the four “R’s” - reading, writing, arithmetic and reasoning).
* No financial barriers to tertiary education (both vocational and college/university).
* Reduction of the chronic national debt, namely by means of higher taxation (of upper level incomes) and expenditures on a low-cost public Health Care. The present high-cost private HC is subsidized by the national budget, thus helping to assure the deficit.
* Exploit the devaluation of the dollar to enhance exports by forcing companies to recuperate all foreign earnings to the US (and not hiding them offshore)—thus rendering them taxable. Jailing corporate management that persists in keeping earnings abroad, which tax-avoidance becomes a criminal offence.
* Legislation that allows permanent membership on the Board (of all public corporations above a certain size) of personnel representatives, who have oversight on corporate operations and decision-making. Such a Board will introduce profit-sharing across the Board, which will be equitable but not equal.
* A return to Industrial Policy, whereby the US government makes key strategic investments in selected industries. For instance, renewable energy sources (wind-farms, tidal, etc.), nuclear energy for bulk electricity supply, high-speed trains for long distances and slow-speed transportation for urban transportation, tough energy rules for car production that make obsolete within five/ten years the combustion engine. And I could go on …
* A steady transfer of R&D-dollars from the DoD budget to general usage, that is, conducted by both university and private-companies – but in a coordinated manner. (That is, they support key scientific objectives in terms of new technology development).

None of the above is a Quick Fix that will bring America back to full-employment. But without the above, America will remain mired in its present mess.

Meaning this: Employment above 5% is probably a given for the next five years. We’ve taken our own sweet time ignoring the mess that was brewing. Now we will have to pay-the-piper with patience as the economy mends itself very slowly.

Of course, with the Replicants in dominance of the House, expect none of the above alternatives to be funded or otherwise implemented. Americans voted for the troglodytes, so expect nothing to happen.

But dammit, let’s stop blaming Obama! Because the option to his administration is far, far worse.

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By truedigger3, January 4, 2011 at 7:21 am Link to this comment

Re:By Lafayette, January 4 at 10:10 am,

Lafayette,

No body is disputing that labour costs less in China, but are you telling us that on order for the US labour force to survive, it has to accept hourly wages without any benefits similar to the Chinese and work under the same degrading brutal dangerous conditions, sometimes, 7/12 for a long stretch.! What kind of society will become of us??!! How people will make a living here in the US of A?
Most of the savings as result of exporting jobs is not passed to the consumers here but end up as huge profits for Wall St. and the top corporate managerial class, and to add insult to injury, instead of taxing these profits more to help amoliorate the suffering of the working people, these profits and the process undelyig it are getting more and more tax cuts, incentives and rebates!!! What a f*&king; farce.
There are many ways to cuts the cost of manufacturing here in the US, first of them, is cuttng the cost of health care which is almost 60% higher than it shoud be due to the greed and dishonesty of the Insurance/Medical/pharma complex. It is a long subject, may be another time and another thread.

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By Lafayette, January 4, 2011 at 5:10 am Link to this comment

tg3: Are you telling us, that US workers can’t manufactures shirts, jeans, shoes, electronis equipment, cars etc etc. Give us a break.

Yes, ya got in one!

Our workforce is overpriced and underworked (meaning laid-off). Sure, it can manufacture shirts—but they will cost twice the price of those out of China. Who, in America today, will buy them? Who anywhere on this planet?

You are out of touch with the commercial reality of those products that are labor-intensive.

Yes, you are right to say that Corporate America dislocated jobs to China. Which means what?

It means it was either that or closing down entirely the shop—which meant putting out to pasture everybody. At least Corporate America managed to save those jobs that had nothing to do with direct manufacturing, where (in some areas) it wholly unable to compete. (Unless it introduce massively automated manufacturing lines, which it does not seem to want to do.)

I could spill out the per unit manufacturing cost facts to you, but I suspect it would be useless. You’ve got your mind settled on the naive notion that what’s wrong with America is all management’s fault.

Which is about as true as pigs flying. Let’s put the blame where it belongs. Too much preoccupation with per unit cost and insufficient efforts to automate manufacturing where labor-content was the prime ingredient. And not enough government sponsorship of automated manufacturing (like aggressive tax amortization of set-up costs.)

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By Lafayette, January 3, 2011 at 5:57 pm Link to this comment

Raise taxes on the rich? A popular idea? Maybe.

See here.

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By Anonymous, January 3, 2011 at 3:13 pm Link to this comment
(Unregistered commenter)

“HAMILTON Project” named after “Alexander
Hamilton”, the main “RAT”, as in “I SMELL A RAT”
quoted from one of the “FOUNDING FATHERS”.
Alexander Hamilton was the direct agent, spy, and
sabator of the original Mayor Amschel Bauer
(Rothschild) who successfully set up Rothschild’s
first American Central Bank. Robert Rubin, and all
his successful predecessors, and successors, have
also been Rothschild agents and sabators for over
two hundred years. If any one of those people had
loyalty to Americans then they were assassinated,
or financially destroyed, like General / President
Grant, who during the Civil War, published details
of Rothschild’s creation of the Civil War, and
Rothschild’s financing of both sides…Grant was
led into total poverty after his presidency, and
was the only U.S. President who lived his retired
life on donations from the public!!!
Rothschild crimes established a world government
over two hundred years ago, and since then
everything else that has happened in the world has
been to maintain, reinforce, and enlarge that world
government, which is now in a totalitarian control
of the world.
“The Rothschild Dynasty” by a Dr. John Coleman is a
very informative reading into the global crimes of
this global evil, which hijacked the world over two
centuries ago. Also, YOUTUBE: “PBS Money Masters”,
& google: “WHO OWNS THE FED”

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By David J. Cyr, January 3, 2011 at 2:51 pm Link to this comment

CHART

2010 Comparison Average Household Net Worth:

http://chenangogreens.org/home/index.php?option=com
_content&task=view&id=484&Itemid=70

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By Lafayette, January 3, 2011 at 2:38 pm Link to this comment

THE RENTIER CLASS

MA: The DLC Republican/Democratic Conservative “Pyramid Scheme” is working as well as if taught by the masters, Charles Ponzi and Bernie Madoff, as the wealthy 6,000 at the top of the pyramid keep raking in all the wealth of the nation and they and their conservative toadies are living in the lap of luxury squandering the nations treasury on wars and corruption, while the Majority Common Population fight their wars and are the only part of the population that must prepare for austerity measures to insure that the squanderers retain all their loot from the Treasury.

Whilst I do not question the affirmation, I will point out that the “wealthy 6000” is off the mark considerably. Let’s not exaggerate what is an essential fact of the American economy, that is, it is Grossly Unfair in its distribution of the rewards of labor.

Consider this bit of serious research excerpted from here:

In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers).

But what does the top “1% of American households mean”? How many households are there?

Ask the census bureau and they will respond that in a recent estimate there were 105.5 million households in America and the average size was 2.59 individuals. (See here, if interested in corroborating.)

So, this means that 1% of “all households” amounts to only 1 million households that are pulling down nearly 35% of the nation’s wealth. And just 20% of all households, that is, about 21 million households (times 2.6 giving 54.6 million people), obtain half of all the wealth generated by our economy.

Why all this fuss with numbers? Because it is the only way to get across to 360 million Americans that 55 million of them (aka the privileged and rentier classes) are living very handsomely indeed—whilst the latter obtain comparatively a pittance for their efforts.

Income Fairness can only come about from one measure, which is the increase of marginal taxation of upper incomes. (Which Reckless Ronnie Reagan reduced from 70% to the current 20% effective rate during his tenure in office.)

Whereupon tax revenues are spent on services that better the living standard of the larger part of the population. Like a Public Health option that replaces the present private-HC system, the high cost of which is subsidized from the national budget thus rendering it more onerous.

Why is this simple logic not understood by the American population?

Go figure ...

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By MarthaA, January 3, 2011 at 2:39 am Link to this comment

The DLC Republican/Democratic Conservative “Pyramid Scheme” is working as well as if taught by the masters, Charles Ponzi and Bernie Madoff, as the wealthy 6,000 at the top of the pyramid keep raking in all the wealth of the nation and they and their conservative toadies are living in the lap of luxury squandering the nations treasury on wars and corruption, while the Majority Common Population fight their wars and are the only part of the population that must prepare for austerity measures to insure that the squanderers retain all their loot from the Treasury. 

Which was the most shameless?  http://www.alternet.org/story/149375/which_of_the_six_big_6_banking
_houses_was_the_most_shameless_corporate_outlaw

Conservatives are busy seceding from the union and have been busy seceding ever since Richard Nixon took the nation off the gold standard and conservatives started deregulating to leave the liberal Majority Common Population without any economic base.  Here is what it will look like when conservatives accomplish their goal of secession from the liberal union, but what would it look like if the Majority American Populace realize they are the liberals and secede as well?
http://www.alternet.org/story/149332/secession!_what_would_it_look_like_if_red_
states_formed_their_own_country?page=entire

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By Leefeller, January 2, 2011 at 11:21 am Link to this comment

Starting on the New Year, ‘the Federal government regulators will dramatically clamp down on insurance industry waste, abuse, and excesses. Starting on New Year’s Day, insurance companies will have to spend at least 80 percent of the revenues they receive from premiums on actual health care. Not on salaries or overhead.’ This seems a connived attack on the planned progress of greed, how are entrepreneurs suppose to give themselves huge bonuses if they can only keep 20 percent for industry waste, abuse and excesses called operations?  This smacks of Communism to me!

Damn…. this is just like that Glass Segell Act, but on the hard working Insurance industries, how is a CEO supposed to operate under so many restrictions, maybe they can move the company off shore and not claim most of their income, after all the new world order or scheme of things is now in effect. Maybe the CEO can declare all their incomes as medical expenses for those daily rose water high colonics.

This seems to fit into the maximum value vs maximum profit theories bantered around on the this thread, I know this is not about the money changers because now it seems the money changers can roam free like pedophiles in the Vatican so now we are all altar boys!

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By Fat Freddy, January 2, 2011 at 10:25 am Link to this comment

...removed finance regulations making it legal for bankers to be all the gangster they could be…

No, they gave them special privileges in 1844 with the National Bank Act. Then allowed them to monopolize the money supply with legal tender laws. You can’t regulate a system that is based on fraud.

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By Fat Freddy, January 2, 2011 at 10:19 am Link to this comment

aacme88

The only problem is it requires taxes, which have been declared heresy…to new issues, such as how did we let the rich steal all the money and how do we get it back.

You really don’t see the connection, do you?

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By Fat Freddy, January 2, 2011 at 10:16 am Link to this comment

Napolean DoneHisPart

What the heck happened to the topic “Money Changers” and how they’ve enslaved folks ignorant of money and finance

Please, I’m so sick of reading Scheer whine on endlessly on every single one of his posts about Glass-Steagall being the “cause” of the crisis, while he refuses to even mention the reckless printing and expansion of the money supply under Greenspan.

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By David J. Cyr, January 2, 2011 at 9:20 am Link to this comment

QUOTE (of an avatar having misplaced hope in (D)s):

“Those coops evolved into city services, paid for out of taxes. One would think that once such issues were sorted out we could move on to new issues, such as how did we let the rich steal all the money and how do we get it back.”
____________

Well, that’s a long and complicated history that requires far more than 4000 chars to text.

The short of it:

Deceit filled Democrats (from FDR on) co-opted and destroyed the Socialist built union movement that the Republicans couldn’t, gradually — day upon day, year upon year, decade upon decade — making living wages for honest work rare.

Republicans feigned contempt, while they assisted in every Democrat devised destruction of The People’s power.

Devious Democrats (in the Rubin/Clinton administration, with a little help from remnants of Reagan Republicans) removed finance regulations making it legal for bankers to be all the gangster they could be… which resulted in the working class becoming the thoroughly indentured class.

With every penny a working poor person didn’t “earn” rich Republicans got richer, and rich Democrats got even richer than richer Republicans.

Degenerate Democrats (in the Summers/Obama administration) took justice for the highest crimes off the table, drove the gettaway car, and left the (D) voters (who never were “Left”) left wondering how the war crimes and greatest thefts they all voted for happened.

The relevant coop among “those coops” that “evolved” is the continuum of criminally cooperative collusion of the Republican and Democrat factions of the corporate party that relentlessly work so successfully together for corporate persons… against the interests of natural persons.

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By Napolean DoneHisPart, January 1, 2011 at 11:29 pm Link to this comment

What the heck happened to the topic “Money Changers” and how they’ve enslaved folks ignorant of money and finance… not snow plows and taxes folks.

“All the perplexities, confusion and distress in America arise, not from the defects of the Constitution or confederation, not from want of honor or virtue, so much as from the downright ignorance of the nation, of coin, credit and circulation.”

—b. A.D. 1735 John Adams, 2nd President of the United States of America.

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By aacme88, January 1, 2011 at 9:00 pm Link to this comment

What the hell?
The plowing of streets has already been sorted out, folks. The only problem is it requires taxes, which have been declared heresy, to keep it sorted out. Your idea of trying to organize a neighborhood plowing coop is fine, just outdated 100 years. Those coops evolved into city services, paid for out of taxes.
One would think that once such issues were sorted out we could move on to new issues, such as how did we let the rich steal all the money and how do we get it back.

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By Inherit The Wind, January 1, 2011 at 2:13 pm Link to this comment

The people who don’t contribute to the voluntary fund, you pile the snow at the ends of their driveways?
******************

Now THAT is the first good idea you’ve had on the subject! (LOL!)

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By Fat Freddy, January 1, 2011 at 1:14 pm Link to this comment

Leefeller

Me thinks in agreement, the pork barrel is always rolling.

Right. The government is the government, after all. The government would find a way to raid the funds, the same way the Mafia raided the pension funds of the Teamsters. That’s why my premise that there could exist such a specific fund, is false.

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By Fat Freddy, January 1, 2011 at 1:07 pm Link to this comment

Inherit The Wind

Freddy, you need to take a course in public finance.  You see, there’s always going to be a few @$$#ole$ on the street who will refuse to pay.

Of course. Then there are those who can’t pay, for whatever reasons. The question is, how do you deal with those people? Do you force them to pay property and income taxes? And if they refuse, you send the men with the guns and the shackles and put them in cages and/or throw them out in the street? How about something simple? The people who don’t contribute to the voluntary fund, you pile the snow at the ends of their driveways?

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By Inherit The Wind, January 1, 2011 at 12:48 pm Link to this comment

I didn’t say anything about a homeowners association. I’m talking about mutual, voluntary consent. Sure, it’s not practical for the Parkway or Turnpike, but for neighborhoods…If there’s a little old lady on the block, usually a couple neighbors get together and help dig her out. If everybody on the street pooled some money together, I’m sure they could hire someone to run their private plow down the road.
*****************

Freddy, you need to take a course in public finance.  You see, there’s always going to be a few @$$#ole$ on the street who will refuse to pay.  The others will, the street will get plowed, and the free-loaders get to drive on them.  Others will be pissed of by this and NEXT time, they won’t pay either, so each time there are fewer and fewer payers and more and more freeloaders.  And then it fails. 

The failure of both Ayn Rand and Nikolai Lenin is that their systems BOTH depended on a change in human nature, Rand’s “Hero” and Lenin’s “New Soviet Man”.

There are only two ways to prevent that failure:
1) Government handles the plowing.
2) The people on the street write a contract and write it so that unless every home-owner joins, the snow doesn’t get cleared, period, till it damn well melts! People will pressure the hold-outs, hard, until they join, too. And that, my friend, is a home-owners’ association.

Remember: the big parking lot is plowed because the land-lord, a single actor, pays for it to be plowed.  It’s no different than paying a guy to plow your driveway.

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By Leefeller, December 31, 2010 at 3:17 pm Link to this comment

“Look, I wouldn’t even really have a problem with gas taxes being used for maintenance and repair of roads and bridges (and snow removal)”  Me thinks in agreement, the pork barrel is always rolling.

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By MarthaA, December 31, 2010 at 3:08 pm Link to this comment

Fat Freddy, December 31 at 7:17 pm,

What is a class and culture?  Is a class and culture a designation of income, as you suggest, or is a class and culture more than just a designation of income?

In the United States, the propaganda is that there exists a Middle Class as a singularity.  When it is proposed by American propaganda that the Middle Class is a singularity, the question arises….. what exists as classes and cultures on either side of the Middle Class singularity that is proffered by American propaganda?

What is it that you propose exists on either side of the Middle Class singularity, as regards respective classes and cultures?

I have indicated that an American Aristocracy and an American Populace exist on either side of the “so called” Middle Class singularity as two classes and cultures.  If you think otherwise, commit yourself to what exists as classes and cultures on either side of the Middle Class singularity of American propaganda, or does the Middle Class just hang alone in the ether as a Middle without anything on either side, as some sort of variation of the Harmony of the Spheres.

By establishing that there exists a Middle Class as a class and culture in the United States we by extension declare that there are classes and cultures on either side of the Middle Class; what terminology do you use to define the classes and cultures on either side of the Middle Class?

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By Fat Freddy, December 31, 2010 at 2:48 pm Link to this comment

Inherit The Wind

I didn’t say anything about a homeowners association. I’m talking about mutual, voluntary consent. Sure, it’s not practical for the Parkway or Turnpike, but for neighborhoods…If there’s a little old lady on the block, usually a couple neighbors get together and help dig her out. If everybody on the street pooled some money together, I’m sure they could hire someone to run their private plow down the road. Just look at how quickly large parking lots get plowed. That picture was from Brick, and the street was a city street, right?

Look, I wouldn’t even really have a problem with gas taxes being used for maintenance and repair of roads and bridges (and snow removal) if it was kept separate from the overall budget, and specifically earmarked. That way, the people who use the roads the most, pay the most, and people who do not use the roads, pay nothing. Isn’t that fair?

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By Inherit The Wind, December 31, 2010 at 2:27 pm Link to this comment

Fat Freddy, December 31 at 7:03 pm Link to this comment

Leefeller

Sure. Because government plows are funded by taxes. Don’t pay your taxes, and they seize your property and place you in handcuffs, and lock you in a cage. I’d bet dollars to donuts that if the local residents all donated a small amount of money, privately, they could have that street plowed by a private company more effectively and efficiently than any government bureaucrat. Care to wager?
**************

Yup.  Been there, done that.

I lived in a “PUD” in Virgina (“Planned Unit Development”)—essentially a condo/home-owners’ association.  As bad as local government was, this private association was far, far worse as there were even fewer checks and balances. Everything from lawn services to snow removal SUCKED because there were lots of people like you who didn’t give a shit as long as their association fees (no different than taxes) didn’t rise.  We had no mechanisms to prevent corrupt and incompetent self-serving parasites from getting on the Board or to get them off. Nor did we have mechanisms to address or question the actions and decisions of the board, short of the courts.

When we moved up to NJ, my wife and I swore we would never, ever, EVER be part of any home-owners’ association again!

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By Fat Freddy, December 31, 2010 at 2:17 pm Link to this comment

MarthaA

70% underclass? I’d like to see those stats. And there’s a lot more than three classes. In NJ, the median income is about $60,000. That means half make more, and half make less. I wouldn’t consider $60,000 the “Majority Common Populations Class and Culture”, whatever that means. $60,000 is Middle Class. So, at least half is Middle and Upper income.

If I could have all of the money I put into SS back, I’d take it in a heartbeat and invest it myself. I don’t know how old you are, but I’m 44, and I sure as shit ain’t rich.

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By Napolean DoneHisPart, December 31, 2010 at 2:10 pm Link to this comment

Fat Freddy, your suggestion would mean those folks would need to pull their heads out of the sand and think for themselves instead of benefiting from state services…. which must sift the very people in order to ‘serve’ them… yeah, serve them for lunch.

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By Fat Freddy, December 31, 2010 at 2:03 pm Link to this comment

Leefeller

Sure. Because government plows are funded by taxes. Don’t pay your taxes, and they seize your property and place you in handcuffs, and lock you in a cage. I’d bet dollars to donuts that if the local residents all donated a small amount of money, privately, they could have that street plowed by a private company more effectively and efficiently than any government bureaucrat. Care to wager?

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By MarthaA, December 31, 2010 at 2:02 pm Link to this comment

Fat Freddy, December 31 at 1:06 pm,

The conservative Democrats and Republicans do not look at themselves as being corrupt, they are only representing their own constituencies, constituencies that do not include the 70% Majority American Populace. 

How many years and how much starvation is it going to take before the American Populace gets understanding.

It is not the American 20% Middle Class and Culture or the 10% Aristocratic Class and Culture that need Social Security and will be starving when Social Security is cut off in 2011, it is the American Populace’s Class and Culture. 

It is not the American 20% Middle Class and Culture or the 10% Aristocratic Class and Culture that are losing their jobs and their homes, it is the American Populace’s Class and Culture.

There are three different and distinct classes and cultures in the United States; the American Aristocracy and the American Middle Class, and neither include the third class and culture, the 70% Majority Common Populations Class and Culture, the American Populace, that is being used and abused by both the American Aristocracy and the American Middle Class; and abuse will continue and grow increasingly worse until the American Populace decide as a class and culture that they are not represented, choose to ban together as a class and culture and demand separate representation for their own class and culture apart from the Middle Class and Aristocracy, the lesser and greater aristocracies represented by Democrats and Republicans.  It is the only way, because if the American Populace will not recognize themselves, neither the American Middle Class nor the American Aristocracy have a need to do so.

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By Leefeller, December 31, 2010 at 1:31 pm Link to this comment

After looking at ITW’s snow covered street, I can only say fat Fred should buy a snowplow and make some big bucks, after all when the city plows the streets it is called socialism?

Robert Scheers article makes sense to me, we have Clinton to thank for his great expertise in eliminating the Glass Seagull ACT, Clinton seems an act to me as well as his spouse!

Regulations!...... We don’t need no stinking regulations!

And what war?

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By Fat Freddy, December 31, 2010 at 11:56 am Link to this comment

School voucher programs have lead to AMAZING levels of corruption and fraud in states that have them

Like the DC Voucher program?

http://reason.com/blog/2009/05/04/reasontv-barack-obama-the-dc-s

I think you are confusing a real school choice program with what they did Philly; turn the entire school district over to one, monopolistic company. Real school choice means, ‘the money follows the student’. Whether it be to a private school, like Moorestown Friends, or another public school like Haddonfield HS.

I don’t know what your beef with religious schools is. In Vineland, where I live, anybody who can afford it, sends their kids to Sacred Heart, even the Jews. I went to Paul VI for a year, and I was in a good school district of Haddon Heights. I mean, big fucking deal. They have a 30 sec morning prayer over the intercom system during homeroom, and a once a week religion class. History has shown, beyond any reasonable doubt, that when consumers have choice, the consumers benefit. What if you went into the supermarket and there was only one brand and type of Peanut Butter, that was manufactured by the government? Why is education any different? Because we need to indoctrinate our children with how wonderful Democracy and the US is? Please.

Here’s the story of your enslavement, and it begins with schools:

http://urbangardenmagazine.com/2010/11/human-farming-the-story-of-our-enslavement/

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By Fat Freddy, December 31, 2010 at 11:04 am Link to this comment

Lawrence Baker

You doubt that the US and individual States and cities are near bankruptcy and will soon be in receivership to the World Banksters?

Yes to the first part, no to the second. The thought that BIS would put the US into receivership is about as ridiculous as the Federal Reserve/FDIC placing BOA into receivership. It just ain’t gonna happen. I’d like a link, if possible, that supports this position. Preferably something from zerohedge or Jesse’s Cafe.

Yah, we are still #1! Get real!

What’s going to replace the USD? SDRs? The Euro? Gold? Maybe copper, since JP Morgan has cornered the market. All of the world’s currencies are worthless fiat shit, but the USD is the top of the shitheap. If the USD fails, they all fail. Actuall, if any one of the major currencies fail, they all fail.

Fat Freddy, you really do not make any sense so I presume you are a corporate shill and a second rate propagandist.

No, not really. Look, I’d like to see free banking, as defined by Vera C Smith, and competing currencies free from legal tender laws, but that’s unlikely to happen any time soon.

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By Inherit The Wind, December 31, 2010 at 11:01 am Link to this comment

FF:
Nobody WANTS higher taxes—and you don’t want to see MY property tax bill!  But what you neglect is that Bloomberg did EXACTLY the same thing as Christie—cutting taxes and cutting expenditures on essential services, with the same result—poor snow removal.

School voucher programs have lead to AMAZING levels of corruption and fraud in states that have them—they are an open invitation to defraud the state, the taxpayer and worst of all, the children.  Graduation rates from things like on-line schools are horrendous—and Rick Scott is pushing the same shit in Florida. 

If school vouchers go through we will see graduation rates drop and fraud rise.  It’s the paradigm. It’s two things:
1) A way to get tax payers to pay for religious schools, even if they are teaching creationism and Flintstone-ism (Man co-existing with dinosaurs).
2) A way to create profit-making on-line schools to save on teachers and buildings, and deregulated, despite on-line schools having proved to be a blight on primary and secondary school education, due to incompetence and fraud.

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By Fat Freddy, December 31, 2010 at 10:39 am Link to this comment

Inherit The Wind

Why do you keep insisting libertarians and tea partiers are one-in-the-same? Tea Partiers support republicans. Libertarians support libertarians. We have our own party.

http://njlp.org/

You comparison only shows your ignorance. How many Tea Partiers are pro-immigration, for one? When Tea Partiers talk about “limited government”, all they mean is less taxes and spending. It’s the new “code” for “family values”. When libertarian speak of limited government, we mean bureaucracy.

I am still reserving judgment on Christie. If he gets a school choice/voucher program through, I’ll support him, if it’s just bullshit pension reform, I won’t. I truly doubt that he would support a real voucher program, which is what makes him a Republican, and not a Libertarian. The fact is, he’s scared shitless of the Unions, just like every other Governor of NJ.

Christie was elected because he prosecuted several corrupt NJ politicians on both sides. As Governor he can’t. He must play “The Game”, which is why I think he should have stayed a Federal Prosecutor. He was actually quite good at that.

Again, if you think NJ residents aren’t taxed enough, I’d like to show you my property tax bill.

And Christie isn’t the only one taking heat. Mr Nanny, Bloomberg fucked up just as much, and he was wasn’t on vacation.

I missed that little comment about chapels. But my point is, politicians will purposely cut the basic needs of the communities, like snow removal and police and fire, so they can keep their pet projects. It’s political blackmail, and you fall for it.

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By Inherit The Wind, December 31, 2010 at 9:16 am Link to this comment

FF:
You can spin it all you want, but NOBODY ever failed at snow removal in NJ the way Christie did, not in my 18 years in this state. Not Florio, not Whitman, not McSleezy, not Codey, not Corzine.  Only the Teaparty governor, Chris Christie.

That’s the bottom line.

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By Inherit The Wind, December 31, 2010 at 9:13 am Link to this comment

FF: I sure did answer the question—I said I’m against such chapels by government. Period. Go back and re-read my answer. Since I never said I was against snow removal…you figure it out.

I don’t have to like Sweeney. But I don’t have to like Christie either.  Read the Star-Ledger and read Paul Mulshine, a Republican and Conservative.  If Sweeney had chosen too, he could have completely up-ended Christie’s admin with a hundred recess appointments—and CC couldn’t have done squat about it.  He chose not to.

Chris Christie is going to let our already crumbling infrastructure disintegrate into the 19th century.

A politician who fails at snow removal, which is a service that touches EVERYONE, is in deep trouble.  One who fails at it by neglect, even DELIBERATE neglect (He was on the last Jet Blue plane outta here with the storm 2 hours away) has set himself up for defeat.

He lost the state a HUGE subsidy for education (1/4 of a billion), then blamed it on Brent Schundler and fired him, but THEN it turned out Schundler had done his job and it was Christie who f***ed up the application after all—and fired Schundler to try to cover it up.

So here’s CC’s record:

1) Lost $250 in education subsidies, in the state that ALREADY gets the least return on Federal tax dollars.
2) Closed down a major Port Authority tunnel effort that would relieve traffic across the Hudson—and the Feds are demanding hundreds of millions in refunds, which we will have to pay.
3) Failed at snow removal AND left on vacation knowing the snow was coming.

Heck of a job, Christie!

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By Fat Freddy, December 31, 2010 at 8:15 am Link to this comment

ITW

You still didn’t answer my question. What’s more important, snow removal, or awarding a $500,000 contract for a Chapel? Cumberland County Democrat Freeholders think a Chapel is more important. I wonder if the contractor who gets the job will be someone who has donated to the campaigns of the Democratic Freeholders? What do you think?

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By Fat Freddy, December 31, 2010 at 8:06 am Link to this comment

Inherit The Wind

I’ll agree that the two of them going on vacation at the same time was a huge mistake. Nowhere, in public or private sectors is that acceptable. That’s why most people have to 2 weeks notice, and get approval.

You like Sweeney? You obviously know nothing of South Jersey politics, or the corrupt system of party boss, George Norcross III, who has never been elected to anything, ever. Sweeney is just one of Norcross’s pawns. Ask me why Rob Andrews will NEVER be “allowed” to run for Governor. The answer is, King George III. Why were the store owners of the Pennsauken Mart forced to relocate to Cinnaminson? I’ll give you a hint(s): Minor league hockey team owned party by King George, eminent domain, AFL-CIO, and Iron Workers local. Camden County ended up getting stuck with all of the relocation costs, and legal fees of the store owners. And now, it’s just a vacant lot.

I’m not saying the Democrats are the only ones to blame. The Republicans are just as corrupt. It will never change. Instead of funding snow removal, the greedy politicians raid the funds for pet projects for the private contractors and the unions. One is just as corrupt as the other. And you tell me its lower taxes and deregulation? Get a clue, dude. Here’s some reading material:

http://www.app.com/article/20041025/NEWS/70822023/All-powerful-never-elected

http://philosophersquest.blogspot.com/2009/04/george-e-norcross-iii-is-boss-of-new.html

http://tinyurl.com/27njo4x

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By MarthaA, December 31, 2010 at 1:28 am Link to this comment

The American Middle Class toadies have happily protected the American Aristocracy and did it all at the expense of the American Populace, who will suffer immeasurably for generations, if not forever, unless they wake up and realize they are a 70% Majority Population being put in slavery by the other two classes and cultures, withdraw and demand representation for their 70% Majority Common Population, the American Populace.

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By Hogorina, December 30, 2010 at 8:47 pm Link to this comment
(Unregistered commenter)

INHERIT THE WIND

Plagiarizing here! ” Inherit The Wind ” was a movie  
in reference to the Thomas Scopes ” Monkey Trial ” 
1929. This staged forum for national consumption, was  
up to its neck in pro-Red influence, and press  
agented, as to
liberalism’s forum on free thought and speech. 

More than likely, the individual of whom posted a  
spiel on some aspect of political whoredom, had  
subconsciously remembered the Monkey Trial, as pro  
reds, in some college faculty hanger-oner, had  
twisted facts based upon the then incipient  
socialism.

No doubt, the masses, mobs, harbor limited  
intelligence. And this is the psychology used by the  
Pro Red Clarence Darrow, an appointed up front for  
the American Civil Liberties Union. Darrow was the  
nation’s superior criminal trial lawyer.

There is more to this story. William Jennings Bryan  
was a pro-Christian opponent, of those who taught  
that mankind originated from monkeys. Bryan knew that  
fools were manufactured by idiots, and that limb  
swingers by mother nature’s uninhibited machinations. 
in handling her own affairs.

Too, little is known of the world famed trial of the  
massey rape trial in Hawaii in the early thirties. 
Members of Congress wanted to invade Hawaii over A  
lieutenant Massey’s with being attacked by a gang and  
ravaged. Naturally, Clarence Darrow was pulled into  
the act. This case was exploited world-wide by the  
massive socially leaning press in America. Monkeying  
around with William Jennings Bryan and toying with a  
ravaging in Hawaii has close ties. Plagiarizing in  
any manner is limited thought in accepting any and  
all press agented buffoonery, as slung into the face  
of whomever swallows liberalism’s line, and is cast  
netted into its tentacles from the four corners of  
America.

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By Inherit The Wind, December 30, 2010 at 8:41 pm Link to this comment

One more thing, FF: Even loyal Republican Conservative columnist Paul Mulshine is spitting nails at the way Gov. Christie AND the Lt. Gov. have bungled this—both being out of state where it’s warm—Christie in Florida and Kim Guadagno in Mexico.  Mulshine writes:

“I was shoveling my driveway from morning till dusk.
First my coffee froze. Then my beer froze.
I went out to get some Kitty Litter late in the day. My cat usually goes out at night to relieve herself. But in this storm she has to stay in.

That involved traveling on a state highway. I gave up and turned back. None of the state highways in my neck of the woods were plowed. Apparently the Christie-Guadagno ticket forgot who elected them last year.

Hint: Ocean County.
You know, the place that got the most snow in the blizzard of 2010.  As one political consultant of my acquaintance put it: “Nothing will screw up your poll numbers more than snow.” Former Steve Lonegan adviser Rick Shaftan points out that the mishandling of a blizzard in 1969 cost New York Mayor John Lindsay the Republican nomination that year. He had to run on a third-party line to be re-elected. Shaftan, who ran conservative Steve Lonegan’s primary campaign against Christie last year, noted the speculation that Guadagno wants to run in the 2012 Republican U.S. Senate primary for the seat now held by Democrat Bob Menendez. I don’t know who she’s expecting to vote for her. Maybe everyone else who was vacationing with her in some place where there’s no snow.  Here in Jersey, however If my e-mail is any indication, Kim Guadagno’s career is over.

My fearless prediction after seeing the reaction to Kim Guadagno’s inexplicable decision to take a vacation at the same time as the governor: This will be the last time you ever see a lieutenant governor pull this stunt. Doesn’t this woman have any idea what we’re paying her for?

Hint: We’re not paying her to go on vacation while a Democrat runs the state. I like Steve Sweeney. He’s a great guy. But if he felt like making a million recess appointments, he could do so by the morning.

And Chris Christie couldn’t do a damn thing about it.

I certainly wouldn’t blame him if he put his old buddy John Wallace back on the Supreme Court.
I’d congratulate him. Nice move. That’s politics.
Perhaps Christie got some sort of agreement from Sweeney that he wouldn’t try that trick. If so, that was an even bigger mistake. Christie should be trying every trick in the book to outsmart Sweeney.

All’s fair in love and politics. Whatever debts Christie ran up so that he and Kim could vacation at the same time will have to be repaid. But that’s not the biggest error little Kim made here. The biggest error is failing to take advantage of the first opportunity she had to show she could govern effectively. If the lieutenant governor had been serious, she would have been touring the state checking out all those roads covered with snow in the very towns that gave Guadagno and Christie their biggest pluralities. As for what she really did as I was shoveling out my driveway, I have no idea.But if my cat poops on the rug this evening, I know who to blame. Also, the Democrats are having a great time lambasting Christie on this. “

Remember: Mulshine is Republican, Conservative, and VERY Libertarian in his views.  But nothing can make a man rethink his views like an aching back and having his beer freeze solid!

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By Inherit The Wind, December 30, 2010 at 8:26 pm Link to this comment

FF:

The headline in today’s Star-Ledger is:

“This is the new picture of New Jersey Government”
—Brick Township Mayor Stephen Acropolis

http://www.nj.com/starledger/pdf/thursday.pdf

Read it for yourself.  This is what your Libertarian and TeaParty thinkers have brought down on us.

It’s as simple as that.

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By Inherit The Wind, December 30, 2010 at 8:23 pm Link to this comment

PatrickHenry, December 31 at 12:05 am Link to this comment

Re: Inherit The Wind, December 30 at 6:11 am

“Anybody but me notice the guy behind Obama, Orszag, is wearing a really, Really, REALLY bad rug??? It looks like someone dropped a chocolate cake on his head!”

Inherit, now your profiling. I like chocolate cake and you’ve ruined it for me.
************************

SPIT-TAKE!!!! 

ROFLMAO, PH! 

(Remember Bill Murray eating the candy bar in “Caddy Shack”?)

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By PatrickHenry, December 30, 2010 at 7:05 pm Link to this comment

Re: Inherit The Wind, December 30 at 6:11 am

“Anybody but me notice the guy behind Obama, Orszag, is wearing a really, Really, REALLY bad rug??? It looks like someone dropped a chocolate cake on his head!”

Inherit, now your profiling. I like chocolate cake and you’ve ruined it for me.

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By Napolean DoneHisPart, December 30, 2010 at 6:28 pm Link to this comment

Ever wonder why allot of banks resemble temples?

Anyone?

Bueller?

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By REDHORSE, December 30, 2010 at 5:02 pm Link to this comment

I have no reason to believe that any Government or Corporate entity would take TRUTHDIG seriously enough to plant propagandist “shills” or monitor either the articles or the posts they generate. There is no threat to Fascism/Corporatism here.

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By Inherit The Wind, December 30, 2010 at 3:43 pm Link to this comment

FF:

You should already know what I think about government building chapels!

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By Lawrence Baker, December 30, 2010 at 3:34 pm Link to this comment

Lawrence Baker said: “In a few months (debt, we have no choice) the United States and individual States will be in receivership to the BIS and IMF Bankster Cartel”.

Fat Freddy said: “I doubt that very much. For all intents and purposes the USD is still the world’s reserve currency, and the BIS and IMF would not exist without us.”

You doubt that the US and individual States and cities are near bankruptcy and will soon be in receivership to the World Banksters? The same banksters who created the world MBS crisis? The same banksters who have derailed our Democracy and Main Street Capitalism economy? The same banksters who are overthrowing European countries and forcing Austerity? Are you being deceitful and dishonest or do you live in a cave?

“USD is still the world’s reserve currency”. Yah, we are still #1! Get real!

“The BIS and IMF would not exist without us” Just who in hell is “us”.

Fat Freddy, you really do not make any sense so I presume you are a corporate shill and a second rate propagandist.

I will add that Democracy and Adam Smith’s Capitalism worked hand in hand in a Free society. The land of OPPORTUNITY we called it, where a person could excel with their own ambitions through their own efforts and was free from monopolistic domination. Today’s OPPORTUNITY is being a lap dog to the Corporate World Empire.

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By M L, December 30, 2010 at 12:35 pm Link to this comment
(Unregistered commenter)

As long as we have courageous people, like you, to tell the truth about who and what caused the financial meltdown and too big to fail, we still have hope. Truth has a power of its own.

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By Fat Freddy, December 30, 2010 at 12:33 pm Link to this comment

Lafayette

* This one is one of four or five since 1929 (the G R E A T Depression) of significant consequence.

But, but, they told us that the Federal Reserve System would prevent depressions and Panics.

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By Fat Freddy, December 30, 2010 at 11:46 am Link to this comment

Lawrence Baker


In a few months (debt, we have no choice) the United States and individual States will be in receivership to the BIS and IMF Bankster Cartel.

I doubt that very much. For all intents and purposes the USD is still the world’s reserve currency, and the BIS and IMF would not exist without us. It is a nice thought, though.

I don’t believe in Adam Smith’s “free market”. Smith believed in Labor Value Theory. It ignores three very important basic economic concepts:

1) Subjective Value
2) Marginal Utility
3) Division of Labor

The Austrians, Menger, von Mises, Hayek, and building on it, Rothbard, had it right.

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By Fat Freddy, December 30, 2010 at 11:34 am Link to this comment

Inherit The Wind,

I live in rural Cumberland County, so I don’t expect the snow removal to be as good as when I lived in Camden County.

But, let me ask you a question. What is more important? Snow removal, or a $500,000 Chapel at the Veteran’s Cemetery? Because the County Freeholders want to award a contract to build one, and most of the roads here are county roads.

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By Inherit The Wind, December 30, 2010 at 9:59 am Link to this comment

The funny thing is, an Indian programmer can come here for a few years, train up, then return to India, be paid one-third to one-half of what they made here, but still live like princes. This is what my Indian colleagues and friends tell me.

Yet we all know the call centers in India still do a horrendous job (kind of like the early Hyundais).  The kicker is the “level 3” call centers all seem to be in…Canada! 

There is STILL in place a tax incentive for creating jobs in “developing nations” (like India and China) which makes it highly advantageous for corporations to move jobs abroad and increase unemployment here.  It goes back to 1982 and Ronald Reagan.  It’s a PERFECT example of how Reaganomics, in the long run was HIGHLY detrimental to Americans, highly destructive to the American economy, while benefiting corporations.

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By David J. Cyr, December 30, 2010 at 9:58 am Link to this comment

QUOTE (of an avatar angry over the plight of natural persons):

“Upward mobility is becoming thing of the past and the middle class is disappeaing gradually and eventually the US population will be almost vast poor population with thin layer of middle class and very thin layer of the obscenely rich.”
____________

The corporate (R) & (D) party has already accomplished that… and is MovingOn to greater devastation.

What conservatives and liberals in America have obviously failed to understand is that the corporate state that they unitedly supported has transcended nationalism.

To the stateless global corporate state there are no people on the planet now more expendable than the completely consumed consumer Americans are.

When natural persons support corporate person goals those natural persons exterminate themselves to meet corporate needs.

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By Margaret Currey, December 30, 2010 at 9:54 am Link to this comment
(Unregistered commenter)

Just to say that I totally agree with TAO Walker we have just seen the tip of the iceberg, and these (so called) leaders on Wall Street do not think that people can see through their tissue of lies.  I just want to remind people that Wall Street will get thin returns if the American people cannot afford to buy the products from other countries and those contries include almost all of the far east as well as the middle east.

To my friend TAO WALKER, Hoka-Hey

And returns from the state of Oregon

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By MK Ultra, December 30, 2010 at 9:32 am Link to this comment
(Unregistered commenter)

Amerika is for sale to the highest bidder.

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By truedigger3, December 30, 2010 at 9:23 am Link to this comment

Re: By Lafayette, December 30 at 11:48 am

Lafayette wrote:
“We do not have a work-force of the skills/aptitude necessary to compete in world markets, so it will go largely idle as those jobs at which it is/was adept have dislocated to the Far East.”
——————————————————————————

That is utter and complete nonsesne. The jobs have been moved to the Far East by corporate America, NOT because the US work don’t have the skills/aptitude to compete in world market, BUT BECAUSE labour in the Far East work for pennies/hour, sometimes 7 days/week with littel to nonexistent regulations about wages, working conditions, safety and any environmental concerns.
Are you telling us, that US workers can’t manufactures shirts, jeans, shoes, electronis equipment, cars etc etc. Give us a break.
Now that most manufacturing jobs have been moved to the Far East, corporate America are moving any office or professional jobs that can be done on computers, from programming, engineering, accounting, scribing medical records, interpreting medical X rays and of course call centers etc etc.
Upward mobility is becoming thing of the past and the middle class is disappeaing gradually and eventually the US population will be almost vast poor population with thin layer of middle class and very thin layer of the obscenely rich. Wellcome to the United Bannaa States of America.
I am just puzzled. Why do you give yourself a French name and have that silly outfit?. Do you want to give us the impression that you are an outsider looking in? You are not fooling me.! You are a corporate insider and corporate shill. You are parroting verbatim the corporate propoganda and bullshitting and blaming the victims instead of the perpretrators.

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By Lafayette, December 30, 2010 at 7:08 am Link to this comment

From Reality Chex:

Revolving Door. Zachary Goldfarb of the Washington Post: “The president’s recently departed budget director is joining Citigroup. The New York Federal Reserve Bank’s derivatives expert is joining Goldman Sachs…. The vast overhaul of financial regulations and the renewed intensity of investigations into white-collar crime has been a boon for regulators, prosecutors and financial policymakers looking to cash in on their government experience and contacts. In recent months, prominent officials from the White House, Justice Department, SEC, banking regulators and other agencies, both federal and state, have been walking through the proverbial revolving door to join Goldman, Citi, other financial companies and top law firms in Washington and New York.”

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By Lafayette, December 30, 2010 at 6:55 am Link to this comment

NDHJ: It is quite sobering to realize that the money itself, what the whole ball of wax is based on, is a worthless receipt of passing the debt.

The money supply is a statistical figure and no more nor any less.

It does not indicate the above (in quotes), since it cannot indicate such. It is merely the velocity of money in circulation and until a more in-depth analysis of that supply is obtained what we can learn from it is relatively little and future outcomes that we may predict with it even less.

Furthermore, it must be taken as a whole and not in parts in order to make any cogent understanding of it possible.

[Which should make Milton Friedman roll over in his grave. Methinks.]

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By Lafayette, December 30, 2010 at 6:48 am Link to this comment

JUST FOR STARTERS

RS: Two years into the Obama presidency and the economic data is still looking grim.

And well it should look grim.

For those who have no profound knowledge of economic recessions, then these facts should be of interest:
* This one is one of four or five since 1929 (the G R E A T Depression) of significant consequence.
* Most such recessions have an onerous impact upon unemployment for at least three to five years. (Yep, paying the piper for self-indulging profligacy is costly.)

The upside is that the recession will be a salutary lesson to those who perpetrated it—both on Main Street (with our binging on cheap credit) and on Wall Street (with its craven genuflection at the altar of the God of Mammon).

Until next time. You see, George Santayana was making an important insight upon human nature when he wrote, “Those who cannot learn from history are doomed to repeat it.” So, since we are apparently a nation that is wholly unable to learn from its errors, some future generation will indeed repeat them - only differently.

2011 will bring about some amelioration to the economic situation, but not the kind that will get America back to 4% unemployment. Those days are long gone, since the rules of the game have changed. We are now in a truly global economy where the tail is wagging the doghouse (in which we find Uncle Sam).

We do not have a work-force of the skills/aptitude necessary to compete in world markets, so it will go largely idle as those jobs at which it is/was adept have dislocated to the Far East. We have a political class wedded to an inane historical notion of a market economy that “always gets it right”—meaning it produces a shambles every know and then to demonstrate clearly how awful is its workings. We have Income Unfairness that is at a level with that of Mexico and China—great company, those two!

We refuse adamantly the evidence from Europe that government intervention in markets to bring about Social Investments does the most good for the most people. But that’s “socialism”, the devil’s handmaiden—so we can’t have any of that, can we!

And the above are just the starters ...

POST SCRIPTUM

To those of you breaking open the Champagne to celebrate the New Year, heartfelt thanks from my friends who are French Champagne vintners. Drink abundantly ... every drop helps!

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By TAO Walker, December 30, 2010 at 3:01 am Link to this comment

This just in, Sisters and Brothers.  ALL BETS ARE OFF!

Better get together with family, friends, and neighbors right where you live-and-breathe everyday, in aid of one another and our Mother Earth.  The virtual world-o’-hurt the “money-changers”‘ve made is already collapsing all around us.  It’s gonna get pretty rough before its done.

Don’t panic.

HokaHey!

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By Inherit The Wind, December 30, 2010 at 1:11 am Link to this comment

Anybody but me notice the guy behind Obama, Orszag, is wearing a really, Really, REALLY bad rug??? It looks like someone dropped a chocolate cake on his head!

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By eir, December 30, 2010 at 1:10 am Link to this comment

Happy New Year & Brace for impact!

December 29, 2010 “When the European Monetary Union blows sky high, sometime in the immediate days and weeks ahead, the impact will be felt instantaneously across the Atlantic in the United States, Lyndon LaRouche warned today. ‘The Federal Reserve is so overextended in the onrushing European banking crisis, that the impact of a collapse of the EMU, most likely through a collapse of the Spanish debt bubble, will hit the U.S. hard.’

Even the Financial Times reported that more than half of the loans, issued by the Fed through the TAF term auction facility, created in 2007, went to foreign banks, predominantly in Europe and Canada. Last week, the Fed announced that it was extending the unlimited swap window with the ECB, the Bank of England, the Bank of Japan, and other central banks, through to the end of August 2011.”


The “austerity” (2010 word of the year) the oligarchical monetarists will need will require cattle cars. Too bad they’ve cannibalized a lot of the industry that could have helped with these logistics. It may require more of an “organic” back to nature sort of approach (Hitler was Green after all).  Famine, say.  Worked great on the Irish.  No fancy record keeping with that project.  Of course this will require a “coalition of the willing” aka homegrown brownshirts, those who know what has to be done for the sake of “the country” (Wall St.—City of London).

The Moustache Stays on Obama

Spirit of ‘76

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By Napolean DoneHisPart, December 29, 2010 at 10:20 pm Link to this comment

Lawrence Baker, very good!

Regarding the two tier economy being realized-

a) M1/M2 is our money supply to Johnny Appleseed on Main street and such..

b) M3/M4 is the commercial money supply, inflated on our deposits of M1 money off of labor and human capital.

It is quite sobering to realize that the money itself, what the whole ball of wax is based on, is a worthless receipt of passing the debt.

http://en.wikipedia.org/wiki/Fractional-reserve_banking

Check out the tables and graphs showing the different money supplies and how the fractional method turns $100 into over $400 the banksters lend and profit from!

Heads on a Stick.. figuratively.

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By John Steinsvold, December 29, 2010 at 9:27 pm Link to this comment

An Alternative to Capitalism (which we desperately
need here in the USA)

The following link takes you to an essay titled:
“Home of the Brave?” which was published by the
Athenaeum Library of Philosophy:

http://evans-
experientialism.freewebspace.com/steinsvold.htm

John Steinsvold

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By oddsox, December 29, 2010 at 8:48 pm Link to this comment

Too-big-to-fail is too-big-to-begin-with.

Break up the big banks and AIG.

Use the 1985 AT&T breakup as a model and the Trust-Busting of 100 years ago as inspriration and precedent.

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By In Currency We Trust, December 29, 2010 at 7:26 pm Link to this comment
(Unregistered commenter)

We’ve all heard the argument between the atheist and piety, whether “In God We Trust” should be sloganized on currency.  Here’s my point of view.

The word God is one letter removed from the word good. I don’t know if God exist. Show me a clergy of any faith who “knows” of the Almighty’s existences and I’ll show you someone whose trust should be questioned.  On the other hand the most rational atheist can’t prove the non existence of God. Whether God exist, there is a strong motivator for doing good in such belief, though contrary there are those who hate or kill in the name of an uninstantiated omnipotent being. It is unlikely that God can be measured or given a monetary value. Good on the other hand has a human quantifiable balance. Is it God or human ingenuity capable of moving mountains? I would guess many citizens from Ohio through Virginia question the worthiness of such power, lacking several mountain caps which once glorified their view.

Who is this We in the slogan? My guess it’s the money talking. When there’s uniformity, it’s not God whose trusted, it’s conformity. So maybe what these bills are saying is trust me the almighty currency.

Should In God We Trust be sloganized on currency? Let me answer this with a question. When we are blessed with God’s dialog, will his trust be sanctioned as advertisement on currency? Deception and greed may concern him more.  I would suggest God is above glorification based on an argumentum ad baculum or populum fallacy.

Without regulation, the value of currency should not be trusted. It is in the realm of possibility that God is all powerful, but the dollar has no feasible chance of being omnipotent.

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By TAO Walker, December 29, 2010 at 6:06 pm Link to this comment

“When Quinn the Eskimo gets here, everybody’s gonna jump….!”

HokaHey!

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By Lawrence Baker, December 29, 2010 at 5:16 pm Link to this comment

Our American Free Democratic society has been overthrown and is frozen from righteous action by total corruption. There seems to be two American economy realities:

One economic reality is Main Street Capitalism, a tried and true American Capitalism economy of Adam Smith’s Free Market. An economy of Fair Trade, Free Enterprise and Competitive Market free from monopolies; that was the economy that built America and made us the number one economy in the world. We had a gold and silver backed monetary system that separated real wealth from bankster created fake fiat wealth and our currency became the trusted world trade standard.

The other “American” economic reality is not “American” at all, but Keynesian world Free Market (free to whom?) economics and is not Adam Smith’s Capitalism but a world Multinational Corporatism that is best described as Totalitarian and global economic Fascism. Their interest is not the well being of the citizens of the United States of America but to their own self interest of world economic control and world Totalitarian power. In a few months (debt, we have no choice) the United States and individual States will be in receivership to the BIS and IMF Bankster Cartel.

American Liberals and Conservatives are living in the past, they have blindly trusted and believed their bribed leaders lie’s to them for to long, their ship has sunk. We will see if they clamor aboard the life raft of Austerity and World Governance or fight for their American Independence and Main Street Capitalism!

“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”.—Benito Mussolini

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By Inherit The Wind, December 29, 2010 at 4:58 pm Link to this comment

FF: I have only one question for you:
How good was your snow clearing since the Sunday after Christmas?

Ours sucked big time.  I’ll bet yours did too.
Ours was worse than it’s ever been.  I’ll bet yours did too.

That’s directly the price you’ve paid for lower taxes and de-regulation.  Less money to the states from the Federal govt. Less money from the states to the towns.  The towns forced to raise property taxes or forced to cut services.  Your shitty snow removal by the towns is the result.

It’s not just true in New Jersey. It’s happening in NYC, in North Carolina, in Connecticut, in Virginia and…in the nation’s capital, where snow removal sucked already.

Happy Holidays!

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By REDHORSE, December 29, 2010 at 3:50 pm Link to this comment

More red meat and kneejerk. Same thugs different day.

      How about some details on the way the fixers rig the legislative process. A look at where the Clinton fortune came from. The names of the Senators who block legislation and some light on the Committes that write and pass legislation without oversight. Wher’d Salazar get his money? Who has broken the law and why aren’t they being prosecuted? Lets take a look at the Supreme Court and their money trail. Where’s indepth on the Wikileaks releases? OUT THE CRIMINALS!!

    I appreciate Scheer, Hedges, Dionne and the rest but Gentlemen: Where’s the beef?

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By Napolean DoneHisPart, December 29, 2010 at 2:52 pm Link to this comment

As long as people serving their masters keep believing their fiat to be a receipt for gold or something of nominal value… then that Machine keeps a chuggin!

Time to get some things of ‘real’ wealth and ‘value’ like deeds to land that produce food, sustain shelter and where people can peaceably live.

What they use for trade / barter will be up to them.

Question is, when to short the market? 

And when to sell Gold? 

And when to buy that land and get out of the city?

When to get out of fiat and into trading / bartering with a new currency / medium of exchange.

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By BestPolicies, December 29, 2010 at 2:37 pm Link to this comment

For more details see
“Out of Lehman’s Ashes Wall Street Gets Most of What It Wants”
http://www.bloomberg.com/news/print/2010-12-28/out-of-lehman-s-ashes-wall-street-gets-what-it-wants-as-government-obliges.html

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By bogi666, December 29, 2010 at 2:25 pm Link to this comment
(Unregistered commenter)

A quote by H.G. Wells which applies to the USA. “We are headed to disaster and it won’t be avoided”. The disaster is happening now.

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By Queenie, December 29, 2010 at 2:04 pm Link to this comment

I meant Medicaid. sorry ‘bout dat.

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By Queenie, December 29, 2010 at 2:02 pm Link to this comment

Grim, grimmer, grimmest…..

“Two years into the Obama presidency and the economic data is still looking grim.”

No shit Sherlock. And it’s going to get grimmer. Wait ‘till they destroy Social Security, Medicare, Medicare.

Grimmest comes when our environment is no longer habitable for man nor beast. They’re working on it.

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By MB, December 29, 2010 at 1:19 pm Link to this comment
(Unregistered commenter)

Just how good of a job is it to work at Citigroup now? The reason I ask is because rational, deeply knowledgeable observers seem to all agree that real problems have not been addressed and another crash is all but inevitable. So just how good of a job is it to be at the helm of an even too-bigger sinking ship? Even if Orszag, Rubin et al are all corrupt and incompetent, they are not stupid. So even if they wish smart, knowledgeable analysts like Robert Scheer or Simon Johnson would shut up and pipe down, they cannot possibly, on the level, see the situation too much dramatically different from their critics. If anything, they may be aware of even more troubling details. So I’m thinking, that Orszag has made a lateral move and is primarily continuing his White House work inside the suites of Citigroup. The energizer bunnies who called the economy’s shots for the last two years spent most of their efforts in a scramble to keep the world’s economy afloat—-and to protect the distortions that created vast wealth for special interests. But the economy is still in crisis—-as are the banks. So I’m thinking this might not be entirely a prize for Orszag. I’m wondering if it’s an admission that he’s still on the beat for damage control. In other words, another sign of the severity of the ongoing crisis. I’m also thinking about “looting” and “tunneling” and wondering if jobs like this, and the Wall St bonuses, are examples of it.

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By samosamo, December 29, 2010 at 1:16 pm Link to this comment

****************


I would like to think that if ‘eternal vigilance’ 
never ended that this elite induced disaster would
have never happened. Thing is when a country
does prosper as the this one did, then it is easier
to send ‘eternal vigilance’ to the dust bin.

Consumerism and the subversion of the msm
dishing out fluff, bullshit and razzle dazzle
makes it easier, too easier, to make more and
more people forget that dull and unexciting
‘eternal vigilance’ is/was in their best interest.

But being the invading force from europe, I tend
to see where the arrogance, greed, disrespect and
irresponsibility comes from that has the people of
the world in this chamber of horrors. Or maybe
more aptly termed a type of blowback because we
are all basically just standing around staring and
with dropped jaw while the titanic is sinking after
driving it into the iceberg wondering how that
could have happened.

Maybe the only hope is that there are still a few
who still carry on ‘eternal vigilance’ to change
some things.

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By RayLan, December 29, 2010 at 1:12 pm Link to this comment

david j cyr
Liberal Shmiberal
There is very little difference between the parties, except in the willingness to ruthlessly dogfight. Obama has performed as their dancing bear during his entire term - they bark and he caves. So what difference does it make that Democrats hold the Senate?
They are both slaves of the power elite. That is not where the solution lies and both are equally guilty of governing ineptitude.

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By RayLan, December 29, 2010 at 1:04 pm Link to this comment

The destructive seeds within the core values of American-ism (aka the American Dream) have sprouted and have split the whole illusion wide open.
Not money but its unregulated greedy acquisition by a controlling corporate elite is the root of all US evil - or to come directly to the point - free enterprise capitalism.
It generates inequity- ironically the economic system that feeds on the creation of equity only does so by creating an imbalance in wealth - hence more and more inequity - that is an ever-widening gap between the rich and the poor.
There is no denying it, since the scenario is unfolding in front of our very eyes.
The sad part is all the denial babble that politicians and especially Repugs use to cover up the inevitable decline.
It’s not Washington that’s broken as much as the economic principle it’s based on, that does not and cannot work in a democracy - agressively blocking access to equal opportunities that form the bedrock of a democratic system.

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By MG8, December 29, 2010 at 12:45 pm Link to this comment
(Unregistered commenter)

Thank you Ma77hew for your clear words of wisdom that ring true about the need for action. Americans are mostly friendly people who respond a certain way to a casual, smiling personality. They did it with George W. Bush, they’re doing it now with Barack Obama. This is also naivete. As you correctly assert, both parties, Democratic and Republican, are working for the same masters. Obama simply does it with a lot of rhetoric aimed at quelling the mass dissatisfaction of the lower and middle classes. But as his actions have clearly demonstrated, President Barack Obama is feathering his own nest for his future outside of government. Mr. Scheer does an excellent job of linking Obama’s appointments and their trip through the “revolving door”, not as career options, but as a synergy that is self-perpetuating. Good luck to all of us who want to unite the bottom 99% of the population against what is certainly the beginning of the end of humanity as we know it. We just can’t let them get away with it.

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By surfnow, December 29, 2010 at 12:19 pm Link to this comment

Mr.Cyr:
There is only a one single word question that can be asked following any attempting to decipher your typically KOnservative ramblings, and that is:
” Huh?”

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By Fat Freddy, December 29, 2010 at 11:46 am Link to this comment

Inherit The Wind

Lower taxes and deregulation? What, you think NJ residents aren’t taxed enough? We have one of the highest tax burdens in the country. NY and Conn. are very close, as well. I bet New Hampshire does a better job of clearing roads than NJ, and they have one of the lowest tax burdens. They also have a 5.8% unemployment rate, the third highest median income, and the lowest poverty rate.

The only problem I have with Christie vacationing in Florida, along with the Lt Gov, is they left that crooked bastard Steve Sweeney in charge. I don’t know how that guy can even show his face in public. Actually, it wasn’t really Sweeney in charge, it was his boss, George Norcross III (King George III). Sweeney doesn’t wipe his ass without permission from Norcross.

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By David J. Cyr, December 29, 2010 at 11:33 am Link to this comment

QUOTE (of an avatar rationalizing the liberals’ irrationality):

“To the commenters who fault the millions who voted for Obama:
And what was the other choice? McCain-Palin?”

“Obviously, the system is broken beyond repair and there is not likely to be real choice again in any signficant election on any level. The only solution is massive,united non-violent protest.”
____________

The liberals voted for Clinton/Gore to get all the evil done that Reagan/Bush failed to.

The liberals voted for Obama/Biden to get all the evil done that Bush/Cheney failed to.

Apparently the reason liberals have ill logic is because they have profoundly “math challenged” minds. They think adding their 53.02% to the 0.68% of the votes against war and for Single-Payer would equal zero.

Liberals insist that votes are “wasted” if cast against war.

Liberals insist that votes are “wasted” if cast for Single-Payer.

Liberals insist that votes are “wasted” if cast for sustainable renewable energy.

Liberals insist that votes are “wasted” if cast for immediate serious climate change mitigation response.

Liberals reliably vote for whatever they march against.

A “progressive” liberal is someone who gets angry when they get what they voted for.

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By dcrimso, December 29, 2010 at 11:04 am Link to this comment

We both hate and fear the system we are caught in.  We hate the system we are in because we know the system is really a spiritual failure.  We hate the numbing of our being by TV, advertising, and all of our gadgets.  We also fear the collapse of this system because we don’t know what would replace it, and we depend on it for our sustenance.  We are caught in a double-bind, and double binds are not good for human beings.  They make you go nuts.  And that’s as good an explanation as any to describe life in America in 2010.  It’s nuts!

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By Inherit The Wind, December 29, 2010 at 10:53 am Link to this comment

Americans keep voting for lower taxes and more de-regulation.  Now, here in the NE, we are seeing first-hand what this means: Snow isn’t being cleared for days on end due to a moderate blizzard while the governor of an affected state, Chris Christie, is vacationing in Florida. 

New York City has been unable to get ambulances to hospitals and was forced to resort to triage for which patients get transport.  Snow is STILL not cleared in the outer boroughs.

Folks, that’s what lower taxes and deregulation means…when things go wrong, ALL the mechanisms for dealing with them have been dis-assembled because ...“they cost too much!”

From Katrina to the blizzards, this inability to deal with natural occurring events is the result.

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By G.Anderson, December 29, 2010 at 10:31 am Link to this comment

What Mr. Schemer has said should be obvious to all. Yet our entire political class
continues to operate in the deluded belief that no one understands what happened. Too
big too fail also seems to mean to big to prosecute.  Yet if a president behaved this
way we would impeach him. That’s just the issue isn’t? The political class is a wholly
owned subsidiary of the neo Robber Barons who have gutted this country. Who
engineered the financial system, it’s rules for bankruptcy, financial contracts, credit cards,
student loans,mortgages, all of it, to farm he people as debt slaves. To turn he land of
the free and the home of the brave, into a serfdom to them. The political class made it
possible, and continue to make it possible each day. The Democratic part and the
Republican part worked together to accomplish this. They destroyed this country as
surely as if they were the North Koreans, or Al Caeda. And for that they are traitors.

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By Fat Freddy, December 29, 2010 at 10:19 am Link to this comment

thus ensuring that government of the banks, by the banks, for the banks shall not perish from the Earth.

So, what’s your suggestion? More regulation? How about no regulation? You seem to not realize that it’s a two-way street. The government needs the banks to buy their Treasuries, to fund the wars, and all the other little “goodies” government provides. You can’t have it both ways. Sorry.

It’s called collusion, and both parties benefit form the relationship.

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By surfnow, December 29, 2010 at 10:02 am Link to this comment

To the commenters who fault the millions who voted for Obama:
And what was the other choice? McCain-Palin? Oh, yeah, that was a combination that would have solved all of the working American’s problems.
Obviously, the system is broken beyond repair and there is not likely to be real choice again in any signficant election on any level.
The only solution is massive,united non-violent protest. And there are many, many boycotts against Korporate Amerika that can take place- we only need the will to accomplish it.

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