RE: Disposable Income is being employed not to buy things but to pay for things they’ve already bought.

Admonishment for failure in credit/debt management is generally founded on a faulty premis: all unsecured debt is consumer debt. In the US so-called ‘free market’ it’s impossible to know how much small business runs on unsecured lines of credit, but anyone whose done it, knows that most of it does, which should raise this question: who knows what it means to run a small business; i.e.  where the owner has no salary, no benefits and all assets at risk?

There May Be More Financially Distressed Small Business Owners Than You Think

posted by Bob Lawless

Last night, I caught the tail-end of a commercial for debt relief services aimed just at small business owners. Commercials for debt relief services are hardly unusual, especially in these financially troubled times. It was striking, however,  to hear a commercial aimed only at struggling small-business owners.

Those findings were from the 2001 wave of the Consumer Bankruptcy Project.  In a chapter for a forthcoming book edited by co-blogger Katie Porter, I report that the 2007 wave reported a similar incidence of self-employment. Moreover,  when the self-employed arrive in bankruptcy court, they arrive in worse financial condition than other bankruptcy filers. Even as compared to other bankruptcy filers, the self-employed have very high amounts of credit card and general unsecured debt, making them perfect targets for the debt relief firms.

from - http://www.creditslips.org/creditslips/2010/01/debt-consolidators-for-business-owners.html

Fairy-Tales galore !

Mr. Hussein Obama makes decisions?

He continues to carry out the instructions that are
handed down to him, just as “Junior” Bush did, after
the 1985 murder event in Brownsville, Texas. 

Just as “Junior” Bush continues to do, trying to pass
himself off as an intelligent person who made willful
decisions, instead of the “good little boy puppet”
who did as “Poppy” directed.  The
plagiarizers, who wrote the book for him,
left too many of their
“monograms” among the sentence structure
of their deceitful fairy tale. 

If the western world still exists twenty years from
now, this “book” will be as ignoble as was Hitler´s
“Mein Kampf” in 1968.

It’s not the DECIDER It’s the SIGNER.

The last non-Wall Street sock puppet was FDR.

With Truman came the nuclearization of US families in the interest of starting consumerism - remember Levittown and all subsequent house farms needed to be filled with consumers.

BV: And ... Obama will most likely shrink, rather than expand in the the next 2 years.

Dissing BO has had very bad odds in the past.

Keep the salt handy, you may have to eat those words.

I know Nixon’s move off the gold standard is a matter economists have debated for a long time. As a topic, it doesn’t interest me. I realize his decision had ramifications that are perhaps even relevant today.

In terms of cause and effect, however, I think Nixon’s decision to go off the gold standard is no more significant than whoever in the Byzantine Empire dreamed it up centuries ago—instead of (say) copper—in the first place.

To argue that Nixon’s decision is the key one is to pick an arbitrary point.

“No, Jimmy Carter did it”

Same difference.

I don’t believe Carter’s action was the key one, and that subsequent actions by Reagan, Bush, Clinton, Bush, and Obama are merely passive acceptance of string tugs by Wall Street puppet masters.

I think the economy does better and poorer based on changing conditions and policies, and I think the correlation of good economic performance with Democratic policies is a result of the Democratic Party’s inclination toward liberal principles of fairness and equality.

I will agree and admit that the President of the most powerful economy in the world probably listens to a lot of people who know something about that economy and about business, and many of them probably work on Wall Street.

I expect him to.

Funny thing is that he also tends to listens to his wife on matters related to women’s rights. I think characterizing every President as a puppet of his spouse is a useless preoccupation with metaphors that have no basis in reality.

Then again, it’s entirely possible that women actually run the world.

And, terribly sadly, Obama will most likely shrink, rather than expand in the the next 2 years.

If his past 2 years are any indication of his propensity, then he will continue to seek Republicans’ approval.  Sadly, he learns slowly about this.  I see much of the despairing battered person in Obama, “just hoping they’ll change”, rather than able to think enough of themselves to leave the abuse.

There is a justified solution to the burden of the nations deficit, it can be ended by
expropriating 50% of the 35 trillion dollars held by elderly women. The vast
majority of that wealth was obtained on the backs of hard working men. In a pay
back of those manly sacrifices, that wealth should be used to ease the back
breaking obligations of Uncle Sam.

TOO GOOD TO BE TRUE

ER: With a broad smile and an invitation to join hands in bipartisan compromise, and perhaps a singalong around the campfire?

I will remind you, despite the apparent glibness above, that opinion polls taken during BO’s election campaign showed a definite wish, amongst the American electorate, that the nation’s two parties should get along in a bipartisan effort to solve the nation’s problems.

BO repeated that aspiration time and time again during his candidacy.

OK, so it didn’t happen. Does that mean we go back to gridlock and the puerile mutual sniping across the political aisle from Left To Right and Right to Left?

Let’s hope not, because bigger than political egos is national interest - and the latter often gets confused with the former to the detriment of all citizens.

America is an intensely competitive nation. Which is fine if you are selling pizzas or iPods. But when it comes to national interest, then selfish personal instincts often are the detriment of national interest. And in no better place is this seen than in politics.

America is slowly, too slowly, coming out of the most serious recession in 80 years. We can spend the next two years, like the last two, seeking to pin the tail on the donkey or the elephant. But what good will that do the nation?

Finding the blamable never ever resolved the consequences of an error. It just serves to un-elect some people, have others fired and throw yet again others in jail. Some of us would be dearly pleased to see that happen.

Yes, jail sentences for some banksters could prove a salutary lesson to the rest of them. But beyond that are, still, our national interests—the foremost of which is employment.

And about that there is not much than can be done. The economic data show us that savings rates have shot up to historic proportions (plus 5/6%, double its historical rate—see here.)

Americans are paying down their cheap-money, binge produced, debt overhang. Their Disposable Income is being employed not to buy things but to pay for things they’ve already bought.

So despite all the political rhetoric, what can be done about the economy? Not much, so let’s just watch it recover slowly—as all past recession have necessitated (at least 4/5 years).

And let that be another salutary lesson to the nation. The next time we want to make a Quick Kill, let’s think about the possible consequences. Because the age old adage has rung true yet again: “If it seems too good to be true, then quite likely that’s because it is false.”

When Republicans defend Democrats, I take notes as proof for my theory that the liberal media reverse psychology conspiracy is working.

The tile for the worst President ever we thought, was G.W. Bush. Obama has
proven that the winner of that title is still up for grabs. Decider my ass. The
Chinese and Russians along with Bin Laden must be laughing their socks off. After
all the years and money spent on the Cold War now it is just a matter of pulling
the pin on the monetary system because greenbacks are almost at trash value.

Must be a new strategy! He has been the apologist to the Rethugs for two years and look where is has gotten him!

The investor class doesn’t love them all, and make certain they do them
‘right’?
_____________
historical fact:

On August 15, 1971, Nixon closed the gold window, thus dealing a mortal blow
to all fixed rate currencies in the world. The dollar was devalued and other
temporary international agreements were made, but 1972 saw one nation after
another leave the currency regime. In February 1973, the Bretton Woods currency
exchange markets closed.

The downfall of Bretton Woods opened the window to currency speculation,
which meant new financial products - derivatives.

___________________
fact-based opionin:
http://www.salon.com/technology/how_the_world_works/2009/06/04/jimmy_carter_did_it

THURSDAY, JUN 4, 2009 12:48 ET
No, Jimmy Carter did it
Paul Krugman blames Reagan for today’s crisis. Conservatives and liberals
gang up to give him a history lesson
BY ANDREW LEONARD

When Richard Posner, icon of the Chicago School, and William Greider, a fixture
of the left, both decide to tell Paul Krugman that’s he’s wrong, maybe we should
pay attention. Notwithstanding Posner’s recent reevaluation of the infallibility of
markets, the two men tend to disagree far more than they agree.

The continuing influence of the banking industry on Congress, on which point
we witness new revelations nearly every day, should be enough to underline how
both parties succumb all too willingly to the financial blandishments lavished by
Wall Street. I’m sure Krugman would acknowledge that. Despite Posner’s
dismissal of Krugman as a Democratic partisan, it is well worth noting that
Krugman has been far harder on the Obama administration’s economic policy
moves than your typical Republican partisan was on George Bush until late in his
second term.

As a relative newbie to TD, I don’t understand the obvious animus between Rico, ITW and Ardee. Looking at specifics on the posts in this thread as a kind of microcosm, what exactly is its basis?

We all know Rico is bright but gets a kick out of pressing people’s buttons. ITW is bright and can disagree with Rico without going ballistic. These two seem to enjoy each other.

ardee, November 19 at 11:45 am also spoke the truth. What’s the basis, therefore, for the very ad hominem tone of ITW, November 20 at 1:09 pm?

I assume because of Ardee’s personal attack on Rico just before.

So guess the joke was on me, right Rico, when you suggested that the three of us might have a civil discussion on TD? Silly me.

My goodness, was I taken in. Point for you Rico. Hope it gives you a very nice erection.

But what exactly is the basis for all that obvious animus? It looks to me that ITW and Ardee might have more in common than with Rico—strictly along the “lefty-axis,” of course—but what’s the basis for all their nuclear-charged personal jabs???

Gee…I don’t think I remember Wall Street cheering when Richard Nixon(!), of all people, instituted wage and price controls. Or when he kicked off the first real anti-pollution campaign.

And I sure don’t remember them loving Jimmy Carter, when they funded Ronald Reagan every which way, and mounted attacks on Carter in the media from every direction from Pat Robertson’s 700 Club to Penthouse Magazine (“The 100 Lies of Jimmy Carter”—#100 “I will never lie to you”)

But I remember them LOVING Ronald Reagan and the Bushes, and tolerating Bill Clinton—but only because he worked with Gingrich and Dole to get things done, even if he had to make a deal with The Devil to do it.

Of course, should I trust my memory or that of others here at TD?

“Every POTUS for the last 40-or-so-years has been a Wall Street Puppet.”

That’s very arbitrary, considering that the Bill of Rights was ratified and George Washington took the first oath of office on Wall Street, within spitting distance of where the New York Stock Exchange would sit.

The financial district of New York is the nexus for monetary activity around the world, arguably the single-most significant economic spot on the globe.

We’re all puppets of Wall Street.

The truth is that, in recent American history, economic policies and plans devised and implemented by Democrats based on the liberal ideology of fairness and equality have positively benefited Wall Street and middle American families at the same time.

Since 1980 or so—we can skip the causes of the Great Depression—an increasing shift to plans based on the Republican conservative ideology of trickle-down economics have proven devastating not only to the middle class, but also to Wall Street.

You can argue that last point, but there’s many billionaires who would agree with it, despite the fact that Republicans want to stuff their pockets fulls of dollars.

Not every rich person is a shrewd crook, but every smart economist is a Democrat.

ardee, November 20 at 12:39 pm Link to this comment

You are undoubtedly as imbecilic as your posts suggest you to be.
***************

It’s longer me you are calling sick for not buying into your loony-toons crack-pot ideas.  It’s now everyone and anyone with a spine who disagrees with you.

I disagree with Rico on most things, but at least he has a rational mind and valid premises from which to draw his conclusions.  And, if a premise is shown to be wrong, he’ll alter a conclusion appropriately.

Unlike someone, who responds to the demonstration of a challenge to an invalid premise by ad hominem attacks and accusing the challenger of being mentally ill.

YOU are exactly the type of mentality that made me challenge the all-knowing, “always correct” lefties and Marxists I grew up with and around by the age of 10.  You are like a priest who yells at a child for asking “Father, Is God so powerful that He can make a rock so big even He can’t lift it?”

rico, suave, November 20 at 12:12 am

You increasingly become as a disturbed individual. Will you please give me a list of which threads I am allowed to comment within as you, in your fantasy little bubble of a world, think yourself arbiter of who may comment and where they may do so.

You are undoubtedly as imbecilic as your posts suggest you to be.

oh, GRYM, how can we let this go? We’re all a bunch of racists now.

Every POTUS for the last 40-or-so-years has been a Wall Street Puppet. That this one happens to be mulatto makes all who criticize him ‘racist’?

All right, I get it. I’m again missing the satire, as I did last week with Fat Freddie, stating, “war is good for the economy.” But, somehow the timing was off and I missed it.

So, did I miss it again, or do you really mean to say that so-call ‘lib-bloggers’ are hypocrites and perhaps showing some deep-seated racism for criticizing the first mulatto POTUS?

At day’s end, we could perhaps share a cup over this: The definition of a Liberal is someone who leaves the room when a fight breaks out. Never trust one to cover your back!

So, final and perhaps most important question: At the pub, you need to sit in the corner, or are you OK with your back to the door?

He is officially in “the bubble” that he said that he would avoid.

D.C. is like a slut fest for wealth obsessed idiots who compete for influence.

It’s like Girls Gone Wild but with men (yuck)

This country is a failure without reconstruction.

If I stand on your head to elevate myself for example, I win!

Stupid, typical power play B.S. polluting potential.

Rico,

Why am I not surprised on Manchild’s stalking?  Perhaps making it clear why my Reader omits his posts.

God Bless him and I’m sure his Mother loves him.

GRYM:

Watch out. ardee has followed you over to this thread. He’s a stalker, don’t you know.

Here is ‘the decider’s’ track record:

ON THREE BIG ISSUES, OBAMA DID NOT LISTEN TO THE AMERICAN PEOPLE:

1 The American people wanted a government administered plan like Medicare -
for everyone. (72% - CBS/New York Times poll June 2009)

1A. Democrats gave private sector insurers a windfall: mandated customers,
with a taxpayer-paid overhead rate of 20% for ‘mandated customers’ (20% of
our premium spent on administration, CEO salaries, bonuses, Boards to set
rates and decide who’s covered and ‘profits’).
2 64% of the American people opposed expanding the war in Afghanistan and
wanted to disentangle from Bush-era ‘War on Terror’ and ‘preventive war’
policies.
2B. Democrats gave us an expansion of the war in Afghanistan.

3 The vast majority of Americans opposed the transfer of taxpayer wealth to
cover private company debt – the bailout.
3B. Democrats kept the 6 too-big-to-fail banks – now bigger than ever; kept
deposits at risk by maintaining huge grey areas between commercial and
investment banking; didn’t ‘punish’ the financial industry - now even more
profitable, with bonuses among the biggest ever.

ON DEALING FRANKLY AND TRUTHFULLY WITH THE AMERICAN PEOPLE, OBAMA
CONTINUES TO CHOSE NOT TO:

The day after the election, the White House’s Director of Management and
Budget, Peter Orszag, in a NYTimes OpEd tells the voters this whopper:

“There are four ways to contain health care costs:
by reducing payments to providers and suppliers;
by rationing services;
by having consumers pay a greater share; and
by giving providers incentives to be more efficient.”

There is very very big # 5 that the White House didn’t list and doesn’t want us
to talk about. It is also the biggest ‘saver’.

A savings of 15% or more can be achieved through a government-administered
plan like Medicare - for everyone. (And by the way, a CBS/New York Times poll
June 2009 showed that 72% of Americans favored this approach.)

The quickest, easiest and sane way to save is move to a single payer system.
Advocates for such a system were blocked from speaking last year by Obama’s
shill, Senator Max Baucus; but the facts are the facts.

NO CHANGE:

Kept Bush advisors in the two key areas where people wanted change - the
Economy and the “War on Terror” - Geithner, Paulson, Summers & Gates,
Patreaus.

ON MAINTAINING REPUBLICAN POLICIES, WHEN CHANGE IS WHAT PEOPLE
VOTED HIM IN FOR:

1. Gutted real financial reform (no Glass-Steagle, no ‘too big too fail)
2. Rejected the only health care option that would simultaneously extend
coverage and cut costs (single payer)
3. Supported a stingy stimulus (one-third tax breaks)
4. Doubled-down & accelerated the Bush bailouts
5. Escalated a fruitless war in Afghanistan
6. Not helped people in bankruptcy & needing mortgage remediation
7. Not passed a jobs bill & had trouble extending unemployment compensation
8. Ignored previous Republican profligacy, crimes, misdemeanors
9. Used “Heck of a Job, Timmy” to promote low taxes for the wealthy on capital
gains, dividends and ‘carried interest’
10. Sandbagged his “Budget Commission” with Max Baucus clones.

It doesnt explain why people voted for Republicans, but it does explain why
most people are not very excited about the prospect of two more years of
Obama ‘deciding’.

“But ultimately, it’s the president who sets the agenda, and who ultimately is held accountable for America’s successes and failures.”

Damn, Gene. And I thought all this time it was Wall Street and the MIC and the MSM.

Go Right Young Man, November 19 at 6:39 pm Link to this comment

Who knew there were so many openly racist individuals on this Web space?

Who knew the depths to which you sink?

E. Robinson obviously does not keep up with the media reporting last week that
Congressman Eric Cantor is on record and admitted to informing Mr, Bibi
Netanyahu that he’s the man in charge in DC. Didn’t Alexander Haig claim that he
was in charge instead of RR?

Mr. R aught to read up on FF and others as to who ” The Decider ” in DC is.or
are.

  ” The real rulers in Washington re invisible and exercise power from behind the
scenes “. So spake Felix Frankfurter. U. S. Supreme Court Justice.

Eugene,

No disrespect intended, but you’ve been an Obama-supporter from the beginning. Even here, to use Jon Stewart’s expression, you’re continuing to play with your poop.

Or your junk, speaking of your continuing story line showcasing yet more presidential excuses and corresponding exhortations.

Biden is now saying that Palin would be a formidable foe of Obama’s in 2012 and the Democratic caucus is loudly Obama out, as described on http://www.politico.com/news/stories/1110/45393.html.

My guess is that things may go from bad to worse very quickly. With luck, the Democratic Party may collapse in on itself and the progressive caucus may decide to go its own way. Obama is thus serving as a potent lightning rod for this kind of triangulation within his own party.

Therefore the junk coming, Eugene. It only serves to turn up the heat.

Who knew there were so many openly racist individuals on this Web space?  Perhaps people CAN, after all, have legitimate criticisms of the first black U.S. President without his race being the issue?  Nawww, not possible.

We’re all a bunch of racists now.  Have a wonderful day!

” . . . we’re now living in the Obama Era . . . “

And it is characterized by the same putrid stink as the George Worthless Bush era.  I recently saw a bumper sticker with photographs of Bush and Obama.  The caption read: Sam Shit.  Different Piles.

Bi partisan politics, that’s synonymous with double cross. Obama’s job was to sell it, but
he blew it. The Orcs are back in power and their sharpening their long daggers for
cutting. Cutting this, cutting that, bleeding the country to death slowly, drip by drip. One
day they will nick an artery, and this country will bleed out. The band aids we buy from
the Chinese communists will no longer work.

The elephant in the corner is the simple fact that the American Constitution, lauded as holy writ, does not work, at least not if the object is to create a democratic government.

What our constitution gives us is a government of perpetual gridlock.

Ostensibly, this forces the current “majority” to consult the wishes of the “minority” so that there is no “tyranny”. But look around at other countries whose parliamentary systems have only one chamber and where the executive must control, and answer to, a majority of the legislative branch - that is the system of most “democratic” countries, whose systems have evolved since the American constitution was adopted in 1788. Do you really believe that the people of France, Italy, Germany and Britain suffer under “tyranny”? If you do, ask them what they think about us.

The actual result of the American constitutional system is not democracy. Our elections fail to deliver governments that are capable of carrying out the policy agenda for which the people voted.

Instead, we get one after another government of gridlock. Our government can’t quickly ditch the status quo, and it is only ever able to move away from the status quo where it has the support of deep pockets who can fund long-term lobbying, media and political campaigns across the country. That means the only people who consistently are able to control the levers of government are the richest 1% of American society.

The Senate is a completely anti-democratic institution, and it has unconstitutionally compounded its anti-democratic role with its filibuster rule. It fills in for the House of Lords, which hasn’t had any real power in Great Britain since about 1912.

If Bush had had to control a majority in the House of Representatives capable of voting with him in favor of the policies of his government, his government would have fallen in November 2006 and immediately would have been replaced with a Democratic government.

If Obama had to control a majority in the House, his government would have fallen two weeks ago, as it should have, since he has lost the support of the voters.

The advantage of a parliamentary system in which the government can actually govern as it campaigns is that the people do get to see whether they really like what they are voting for. If Americans who ostensibly support candidates who want to abolish public schools and social security elected a govermne that actually DID that, they would figure out pretty quick that they don’t really want that result, and they would become more intelligent in the way they vote.

More people would vote too, because they could see that their votes matter.

Our “Founding Fathers” were not the prophetic genuises they are held up to be in this country.

“I think there’s a reality here which is that while it might be best to continue the middle-class tax cuts and raise taxes on higher income people, the votes are not there to do that.”
—Sen. Joseph Lieberman.

Read that again… “while it might be best” ... “the votes are not there”.

So, here’s the situation: Republican conservatives choose favoritism over the national interest. Meanwhile, progressives undermine the President and the President’s party, then blame the President for not accomplishing what’s in the country’s best interest.

In other words, progressives are empowering the conservative agenda, under the belief that radical apathy is an effective tactic.

Mr. Robinson spent eight years condemning the way “Bush did it” only to advise President Obama to do it the way “Bush did it”......LOL

Interesting rationale - ignore what I said in the past and listen to what I say today.

ROFL MY ASS OFF

Obama the Decider?

That’s a nice little fantasy.

Obama the discussion moderator telling the children who didn’t bring knives or guns to school to reach out and forge a consensus with the gang members who mug them at recess.

Obama the Wall Street brown-noser.

Obama the K Street panhandler.

Obama the empty suit.

I hear Mr. Soros is looking for another “decider”
since his latest creation has gone off the
reservation a bit…

Also, this won’t be known as the obama era you
buckethead. Whatever future citizenry of this planet
may have as history for these times will see this
nonsense as a social experiment run amok. This is
the pc affirmative-action presidency and nothing
else.
Fred Sanford would’ve been a better 1st black prez.
than this muppet gone bad. I’m sure he would have
his issues, but at least he was American, and
wouldn’t be selling out to some global agenda
horseshit…

Decider my ass, deceiver like the rest of them is
more factual Eugene, but you never let something as
trivial as facts slow you down, huh?

Ha! The Decider? Ultimately sets the agenda? Who do you think this guy works for? Do you actually believe he is your friend?
Lay off the pipe. This is incredible.

Obama treats the American people as unimportant, excepting when he needs our votes. This time he failed to reach 28 million voters who, I assume, were tired of cowardice and the lack of attention to our needs.

That the GOP mantras are pretty much empty of fact, that their tired and pointless repetition that they want to cut govt. but keep the American way of life intact is a lie seems easily refuted. Why have the Democrats been unable to do so for these last two years? Why have Democrats caved in to every demand of the Republicans when standing up and citing the real facts seems a much better course, both for the fortunes of our nation and the Democrats themselves?

The answer ,my friend, isn’t blowing in the wind, its in the campaign war chests.

Obama has tried the “let’s all hold hands and sing” routine. He has tried the appeasement thing. He has tried the talk tough routine and so far all they have been is failing routines. Given his response to the refusal of the Republiwon’ts to meet with him it looks like he is going to do whatever they want. I really see no evidence that this wasn’t his plan all along. He has spent far more time working with Republiwon’ts then he has working with the Dimocan’ts. People keep excusing his half-assed policies by blaming the rethugs. Instead, I see a man whose agenda was never what he said it was to begin with. It would be nice to see Obama grow a spine but I don’t think he will. As Raul Grijalva said recently, the Progressive Dems watered down their demands and accepted a lot less than what they were willing to stand firm on but Obama said they had to give up their positions to save seats, especially the Blue Dogs, whom Obama seemed more concerned to protect than Progressives like Grayson and Feingold. And what happened, they lost half the Blue Dogs anyway, as should have happened anyway.

Ralph Nader accurately predicted Obama’s course of action long before he became the Presidential nominee. Obama has not once mentioned the Veto and I would be shocked to see him threaten to use it let alone use it to thwart some Rethug agenda. As for his use of executive orders, he could have used that for DADT but his excuse is he wanted Congress to repeal it. Why not use the Executive order until they get around to doing it, if they ever do? Because Obama is still playing to the fundamentalist christianish folks who hate him because he is black. That is stupid but in spite of all the claims that Obama is a smart man I see damned little evidence of it.

Obama is essentially carrying out Bush’s 3rd term. Obama may have said he’d rather be a good one term President than a mediocre 2 term President but I don’t believe it for a moment. If he looses his re-election bid it will be because he didn’t move even farther to the right and because he was spineless. And those that think a black man should have been elected to begin with will carry the day. I for one am glad I lived long enough to have seen this country elect a black man. I am disappointed that they didn’t elect one who had more courage, heart, and vision. What we needed was a Lincoln, what we got was a Ford. When we needed a Martin Luther King, we got a Don King!

¿¿¿¿ Look Who’s the Decider Now…the punditocracy’s counsel ???

hold your horses, Agent Robinson

2 things to never forget:

1. “Deception is a state of mind and the mind of the state.” - James Jesus
Angelton - Director of CIA Counter Intelligence (1954-74)

2. “The Central Intelligence Agency owns everyone of any significance in the major
media.” - William Colby - Director of the CIA (1973-76)