Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Thursday, April 21, 2011
Arizona Redneck Videos: Economy,anti-Redneck Discrimination, Illegal Immigration, Obama
If you haven't checked out these videos before, a character actor by the name of Moppix does some hilarious impersonations of racist "rednecks" from Arizona on his Youtube channel. Below, I have included his videos of the "redneck philosophy" about the economy, discrimination (against rednecks), illegal immigrants, and Obama. In any case, check out all of the videos below.
1. First, here is his take on the economy:
2. His video on discrimination against rednecks:
Here is his video about illegal imigration:
His video about Obama:
If you have ever found yourself saying any of the things on this video WITHOUT joking, please do the world a favor and don't pass on your seed to the next generation. Thanks.
Tuesday, April 5, 2011
Dennys: News Politics Comedy Science Arts & Food: Obama: Unemployed, Middle Class, Poor: Hey, Stupid, Watch Your Finances, Political Cartoons
Dennys: News Politics Comedy Science Arts & Food: Obama: Unemployed, Middle Class, Poor: Hey, Stupid, Watch Your Finances, Political Cartoons: "To add insult to economic injury, completely tone deaf politically, President Obama Declares April Financial Literacy Month. After just announcing his reelection campaign now he is urging Americans to learn more about their personal finances. You have got to be kidding me. How insensitive and downright stupid is this statement? Where have you been the past three years since the economy shed millions of jobs?
Obama: Do you even read - or better yet re-read - your own speeches over the course of a year? Or do you just parrot the words off the page or teleprompter without giving it much thought later. Like Bush, you appear to be sleepwalking through this presidency, dancing to the tune of political handlers and Big Business."
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The Social Poets: The Lurching American Economy, Political Cartoons
The Social Poets: The Lurching American Economy, Political Cartoons: "The world economy is a mess and about to get messier with Japan in distress from their latest earthquake, tsunami, nuclear disaster trifecta. Well, the good news is that we are all in the same boat, trying to swim the same polluted economic waters. It would help if our governments gave us accurate numbers and quit massaging them to please the financial markets.
The unemployment here in America is supposed to be at 8.8 percent. What a joke. There are millions of people who gave up looking. Those known as The 99ers, whose unemployment benefits ended after 99 weeks, have been unemployed for years now. Even President Obama says there are hundreds of thousands of people who will never get a job again. What kind of statement is that from a president? Not everyone deserves a job in this country?"
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Thursday, March 10, 2011
The Social Poets: Funny But True: Exorcist Chasing Demons Out of Big Bank Chase
The Social Poets: Funny But True: Exorcist Chasing Demons Out of Big Bank Chase: "We are all outraged at the greed of America's Big Banks. Feel helpless? Feel vulnerable? No worries. Your local exorcists are here to save the day."
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Tuesday, March 8, 2011
The Social Poets: America Is NOT Broke Wisconsin Speech: Activist Michael Moore
The Social Poets: America Is NOT Broke Wisconsin Speech: Activist Michael Moore: "Moore spoke at a rally against Gov. Walker's decision to deny collective bargaining rights to the teachers he has decided to fire. First the public workers lose their rights, then the rest of us across the country watch our wages drop like a rock to ten cents an hour like in a third world country."
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Friday, February 25, 2011
Libya: Update and 25 Libya Uprising Cartoons
From Denny: Finally, President Obama announces sanctions on Libya again. This Libyan dictator spent decades in sanctions limbo only to get thrown back into sanctions prison yet again. This guy should have been overthrown a long time ago.
Obama says he is freezing Libyan nationals' financial assets and there are economic sanctions to be put in place as well. He has not said what the specifics are to be exactly, as yet undetermined pending review of what will work best. Read that as he and his staff don't know and will be running around asking all the so-called experts what to do.
So far Obama has phoned key allies like UK Prime Minister Cameron, Prime Minister of Turkey, skirt-chasing Italy's Berlusconi and the United Nations Secretary General. Obama does not want to institute a no-fly zone but does not say why. The American embassy in Libya has been shuttered and closed down. Well, yeah, the country is in the process of becoming a failed state quickly.
One thing Obama did get right was to "hold his powder" as my Grand Dad used to say. Obama refused to satisfy the critics who demanded he come out and start screaming at and denouncing Gadhafi when the protests began. Well, there was the little matter of many hundreds of embassy and oil industry personnel still present in this chaotic country and we had to get them out safely. Today, a plane took off from the capitol city of Tripoli with Americans glad to leave that nightmare. Others arrived after 60 hours trapped on a ferry. But at least they are out now.
Currently, there is civil war going on in the country with Gadhafi murdering the once peaceful protesters. Law and order has gone out the window since Gadhafi began killing people. Now, protesters have taken up arms and have started taking over whole cities. This protest makes the Egypt Revolution look like Disneyland sweet.
Of course, everyone around the world keep stressing about how much the price of oil will go up. For one thing, what a sham. If world leaders are so weak as to allow Big Business to up the price of oil to $10 to $15 a gallon just in America then they will implode all the world economies. How stupid can you get? Here in America we sit on federal oil reserves stored in Louisiana. Oil prices are determined years ago to what they are to be today so why all of a sudden go up but for one reason: excessive profit?
America does not get all its oil from this area of the Middle East, a small percentage. As it is, America is sitting on the largest oil deposit in the world of light sweet crude, the easiest to process: the Gulf of Mexico. The same Gulf of Mexico, that BP polluted with their inept management of the oil rigs, people and the oil deposit. There is enough oil there to last America for well over a century.
The problem is that America allows Wall Street to control our resources to the point Americans don't get but a small benefit from our own oil reserves. Well, it's about time that this President get off his lazy ass and started taking care of the average American person instead of Big Business and Wall Street cheats.
Related articles
- American Political Cartoons - 12 Feb 2011 (thesocialpoets.blogspot.com)
- Popular Posts 2009 at Dennys Global Politics (dennysglobalpolitics.blogspot.com)
- 42 Obama 2011 Budget Cuts and Economy Cartoons (thesocialpoets.blogspot.com)
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Wednesday, January 26, 2011
NPR Series Follows Unemployed in St. Louis
NPR is spotlighting six unemployed St. Louisans as they look for work. Listen to the ongoing series here.
A Night In Tunisia
As a broke grad student, with not much to look forward to, broken soul, stuck under a mountain of debt with no way out & with no prospects for meaningful work, I feel just as hopeless as Mohammad Bouazizi. Although I don't have the guts, nor do I intend, to set myself on fire. But events overseas over the past few weeks have shown that political change is better when it comes from within. This goes against the view that you can spread democracy by invading a country, dropping bombs, being an occupying force, imposing your will...and then using that as a launch pad to spread democracy to the rest of a region. Iraq serves as a horrible reminder of this flawed thinking. That kind of goal (spreading democracy) has to be accomplished organically.
Already there are protests in Morocco, Algeria, and Egypt as a result of the Tunisian revolution.
America's Next Chapter - A discussion about the current state of the nation
"Is There a Brighter Future for the Next Generation?"
Watch/Hear an interesting discussion from earlier this month on the state of America and the outlook for future generations. The event was moderated by Tavis Smiley and was held at George Washington University. I'm not all that crazy about Tavis Smiley, and you could probably pick up a hint of the animus that he still has for Obama... but despite that, the event provides a good alternative "State of the Union".
I prefer this lineup of speakers over panels that Smiley typically has for predominantly Black events. This provides a greater mix of viewpoints.
Watch the event in full here.
Or listen to the full program here.
Related Posts
The American Dream - Harder Than Ever To Attain
Arianna Huffington Discusses Third World America
Did You Get Anything From The State of the Union Speech?
I didn't. He said what he was expected to say... but beyond that, he really didn't address any pressing issues for the non-wealthy - issues concerning me. I was invisible. Post-SOTU interviews done by NPR of St. Louis listeners reflected my view... and confirmed that it wasn't just me. I am resigned to the fact that I will continue to be invisible to this Administration.
I would have loved to hear something about a bailout for the working class....and even the middle class. I would have loved to hear about some sort of relief for college graduates who can't find meaningful work, who are drowning in student loan debt and can't afford to make payments (because of America's corrupt profit driven system of higher education that leaves students in debt for much of the rest of their lives....slaves to financial institutions before they even have a chance to start families). I heard nothing about helping Americans pay for higher education.
In terms of jobs, I really didn't hear much about a robust job creation plan and how he would make it happen. We only heard a vision and a rough outline.... not much else. The outline was fairly good.... but it is about 18 months too late. I was calling for the kind of job creation that he mentioned 2 years ago. More of the stimulus money should have been directed towards green energy projects and R&D to encourage innovation and job creation. But I guess it's better late than never.
It is clear to me that the world that he sees and the world that working people see are two different images. He thinks he is rolling out a wonderful plan....with perfect timing for the election cycle... while working people on the ground - who have been talking about jobs for at least the past year - see a man who is a good year to year & a half late in terms of recognizing the issues facing real people. It's as if he woke up one day last week and realized jobs and the economy were the real issues. Of course that's not the case, but (not surprising considering how horrible the image problem is in this Administration) that's how the President often looks to political observers like myself. It just looks like he ends up devoting quite a bit of time & energy playing catch up. How often does he go to rural & urban areas to sit down with real people? I'm not talking about staged productions and photo opportunities at auto assembly plants... but really getting in touch with people and learning about what it's like to live on incomes that don't amount to living wages.
Realizing what Americans voted for last November, and understanding that nothing of real significance is going to get done over the next two years in terms of Progress and good legislation directly benefiting ordinary folks, I found it hard to be excited or remotely hopeful about anything from this SOTU.
See commentary from around the net.
Monday, December 27, 2010
Hear Interview with Tom Friedman
I don't always agree with Tom Friedman (more like Tomfoolery at times - example #1 would be his position on the invasion of Iraq). But here he is talking about the decline of the U.S., the current political malaise, and how this Country will get its but kicked economically if it doesn't take steps to become more competitive. Once in a while he actually says something that makes sense. Listen Here.
An Interview with Robert Reich
Dr. Cornel West interviews Economist & former Labor Secretary Robert Reich. He discusses his latest work "Aftershock", and explains the current economic and political situation. Listen Here.
Saturday, December 18, 2010
What Is The Truth About Unemployment In America?
Check out the status of unemployment across America and how high the figure is for the long term unemployed.
From Denny: The reality is that the recent tax cuts bill that was signed by President Obama on Friday only reinstates and extends unemployment insurance to about one million people. That's it.
The 99ers
Remember all those who have been unemployed for so long - past the two year mark and many for as long as four years - now called The 99ers because they exhausted their 99 weeks of available benefits? There are literally millions of them, perhaps as many as seven million by now. Every month there are an additional two million added to their roles. Though the statistics are sketchy and infrequent it's believed The 99ers make up at least 10 percent of the unemployed.
Most 99ers over age 50
Never mind that most of The 99ers are older Baby Boomers, there are those under age 45, many are well past age 50. They have paid unemployment insurance from their paychecks every month, every year, for decades. Now, in their time of need, their own government and politicians turn a deaf ear to them. How long before you, a relative or someone close to you enters their unhappy ranks? And we wonder why we see so much violence on the news every night, as a larger and larger segment of American society grows more desperate?
Economists seem to think maybe the economy is turning around because of the number of initial unemployment claims have trended downward by 400,000 this past month. Let's hope they are correct on their judgment call because this economy has already shed eight million jobs during this so-called "recession."
Long term unemployed figures vs. short term
How many long term unemployed are there in America? Try 6.3 million and that's about 42 percent of all the unemployed. That's not the best figure to know that creeping up to half of all your country's unemployed are long term unemployed.
Just this past week retailers like TJ Maxx let go 4,400 jobs right before Black Friday that comes the day after the Thanksgiving holiday. It's supposed to be the best shopping day of the year and yet they shed those jobs. Clearly, something is still wrong in this economy.
If you believe the news stories, watching bustling happy shoppers purchasing expensive gifts for this Christmas season you would be led to think the economy has bounced back. The problem is that those news clips are taken at the upscale shopping malls, in metro areas and wealthy neighborhoods. I'd like to see news clips from middle class malls, from small to medium-sized towns and cities, to get a better average of the truest reality of holiday shopping.
Take a look at the jobless rates in some of the states:
* North Dakota, lowest jobless rate, 3.8 percent
* South Dakota, 4.5 percent
* Nebraska, 4.6 percent
* New Hampshire 5.4 percent
* Vermont 5.7 percent
* Nevada, 14.3 percent, the highest unemployment rate among the states in November. * California, 12.4 percent
* Michigan, 12.4 percent
* Florida, 12 percent rate
* Rhode Island, 11.6 percent
True unemployment rate a guessing game
Apparently, there were 21 states, and the District of Columbia, reporting unemployment decreases. (In D.C. there are literally thousands who work for the federal government so it is not a true picture of the rest of the country since it is not a private sector free market free fall.)
There were 17 states reporting increases in unemployment while there were five states that had no change. Mind you, these are the official figures and I question the true transparency of this White House like its predecessors. Many speculate that unemployment figures run far higher, with figures ranging from 17 percent to 22 percent. That doesn't even begin to address the long term under employed who are finding it difficult to pay bills because prices remain high for necessities like gas for your car, food at the grocery store, a colder winter heating bills and the like.
The kind of numbers and spin we keep getting out of our politicians is annoying at best. The people they are not counting in government statistics are at least seven or more million long term unemployed, people unemployed for the past two to four years - which is insane.
Politicians keep telling us those eight to ten million jobs that went overseas will never come back. So, we can only assume that eight to ten million people will remain long term unemployed?
What is really going on here? We have official statistics of 6.3 million long term unemployed of which the government claims make up to 42 percent of the unemployed. Then add in seven million of The 99ers and you get a truer picture of almost 14 million or more long term unemployed - since two million a month are added to the rolls of The 99ers because they have exhausted their benefits. The reality is that almost 70 percent of our unemployed are long term unemployed. That's the dirty little secret this White House and Congress are hiding and the statistics with which they are playing spin games.
Well, it's any one's guess what will happen to the long term unemployed in this country. Stay tuned for The New Ugly, the new Congress that's installed in January to see what's next on the horizon for increasingly desperate Americans.
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From Denny: The reality is that the recent tax cuts bill that was signed by President Obama on Friday only reinstates and extends unemployment insurance to about one million people. That's it.
The 99ers
Remember all those who have been unemployed for so long - past the two year mark and many for as long as four years - now called The 99ers because they exhausted their 99 weeks of available benefits? There are literally millions of them, perhaps as many as seven million by now. Every month there are an additional two million added to their roles. Though the statistics are sketchy and infrequent it's believed The 99ers make up at least 10 percent of the unemployed.
Most 99ers over age 50
Never mind that most of The 99ers are older Baby Boomers, there are those under age 45, many are well past age 50. They have paid unemployment insurance from their paychecks every month, every year, for decades. Now, in their time of need, their own government and politicians turn a deaf ear to them. How long before you, a relative or someone close to you enters their unhappy ranks? And we wonder why we see so much violence on the news every night, as a larger and larger segment of American society grows more desperate?
Economists seem to think maybe the economy is turning around because of the number of initial unemployment claims have trended downward by 400,000 this past month. Let's hope they are correct on their judgment call because this economy has already shed eight million jobs during this so-called "recession."
Long term unemployed figures vs. short term
How many long term unemployed are there in America? Try 6.3 million and that's about 42 percent of all the unemployed. That's not the best figure to know that creeping up to half of all your country's unemployed are long term unemployed.
Just this past week retailers like TJ Maxx let go 4,400 jobs right before Black Friday that comes the day after the Thanksgiving holiday. It's supposed to be the best shopping day of the year and yet they shed those jobs. Clearly, something is still wrong in this economy.
If you believe the news stories, watching bustling happy shoppers purchasing expensive gifts for this Christmas season you would be led to think the economy has bounced back. The problem is that those news clips are taken at the upscale shopping malls, in metro areas and wealthy neighborhoods. I'd like to see news clips from middle class malls, from small to medium-sized towns and cities, to get a better average of the truest reality of holiday shopping.
Take a look at the jobless rates in some of the states:
* North Dakota, lowest jobless rate, 3.8 percent
* South Dakota, 4.5 percent
* Nebraska, 4.6 percent
* New Hampshire 5.4 percent
* Vermont 5.7 percent
* Nevada, 14.3 percent, the highest unemployment rate among the states in November. * California, 12.4 percent
* Michigan, 12.4 percent
* Florida, 12 percent rate
* Rhode Island, 11.6 percent
True unemployment rate a guessing game
Apparently, there were 21 states, and the District of Columbia, reporting unemployment decreases. (In D.C. there are literally thousands who work for the federal government so it is not a true picture of the rest of the country since it is not a private sector free market free fall.)
There were 17 states reporting increases in unemployment while there were five states that had no change. Mind you, these are the official figures and I question the true transparency of this White House like its predecessors. Many speculate that unemployment figures run far higher, with figures ranging from 17 percent to 22 percent. That doesn't even begin to address the long term under employed who are finding it difficult to pay bills because prices remain high for necessities like gas for your car, food at the grocery store, a colder winter heating bills and the like.
The kind of numbers and spin we keep getting out of our politicians is annoying at best. The people they are not counting in government statistics are at least seven or more million long term unemployed, people unemployed for the past two to four years - which is insane.
Politicians keep telling us those eight to ten million jobs that went overseas will never come back. So, we can only assume that eight to ten million people will remain long term unemployed?
What is really going on here? We have official statistics of 6.3 million long term unemployed of which the government claims make up to 42 percent of the unemployed. Then add in seven million of The 99ers and you get a truer picture of almost 14 million or more long term unemployed - since two million a month are added to the rolls of The 99ers because they have exhausted their benefits. The reality is that almost 70 percent of our unemployed are long term unemployed. That's the dirty little secret this White House and Congress are hiding and the statistics with which they are playing spin games.
Well, it's any one's guess what will happen to the long term unemployed in this country. Stay tuned for The New Ugly, the new Congress that's installed in January to see what's next on the horizon for increasingly desperate Americans.
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
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Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
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Wednesday, December 15, 2010
Gordon Brown Book: 9 Big Banks Manipulating World Economy
Check out the crooked world of global banking.
From Denny: Former British Prime Minister Gordon Brown brings into focus the world economic meltdown in his latest book "Beyond The Crash: Overcoming The First Crisis of Globalisation." This video clip is the extended interview and also an exclusive one with Jon Stewart on The Daily Show.
Former Prime Minister Gordon Brown Exclusive Interview
The revelations of inept government and banking officials is astounding here. Government leaders around the world assumed that bankers were professionals and actually knew and understood the banking system. According to PM Brown, apparently bankers from renowned global Big Banks admitted to not understanding the concept of how to calculate financial risk. That's like saying you don't understand the concept of burning yourself if you put your hand into the roaring fire. Unbelievable.
October 2008 beginning of world economic meltdown
Brown and Stewart discuss the atmosphere of the beginning of the world economic meltdown in October 2008. The crisis was so severe that within three to six days huge global banks would be out of money. Brown relates that one banker told him that "all he needed was some overnight financing to get through." The next day the bank collapsed. Brown said the head of that Big Bank was completely clueless as to what was going on.
What shocked Brown the most as he delved into the financial crisis at the time was how interconnected like a world web were all the banks. In fact, they were so entangled that when one bank failed it started a domino effect worldwide.
Why banks failed worldwide and continue to fail today
From what he experienced as a government leader, Brown learned a lot about the banking system and its terrible flaws, vulnerabilities and ruthless crookedness. As he sees it there are four major areas of problems with Big Banks:
* the banks were over leveraged with too many risks
* not enough working capital monies available because they were
* spent as bonuses rewarding the bankers instead of being invested back into the bank as working capital
* when the banks ran out of money all lending froze up
Government bailouts for greedy world bankers failed to bring about change
These idiot bankers were so greedy to reward themselves for the short term and too stupid to realize eventually the well would run dry and collapse their banks entirely. Of course, along come governments like America who gave huge bailouts to keep the banks in business. What did the bankers do? Nothing changed. They still continue to reward themselves with multi-million dollar bonuses - and allowing their working capital to dry up so we will end up bailing them out yet again.
What happened to create the economic crisis is that banks did not take in enough premiums on their risk investments to cover their risks. Say they took in a $50 million premium to cover a $5 billion risk yet did not set aside a full $5 billion to cover that risk. Instead, these stupid bankers got greedy, rewarded themselves with huge bonuses, leaving the banks unable to cover the huge losses that came their way. In short, they gave out as bonuses to themselves what was supposed to be the bank's working capital.
Brown pushes for world banking standards to inspire trust and investments
As idealistic Brown sees it the world must move to a global banking system where there are industry standards, integrity, trust, responsibility and fairness. While he is correct, good luck on that one with all the extreme greed on Wall Street.
Brown does admit that even if America finally reins in Big Banks with new legislation there will still be problems unless all the banks of the world in Europe, Asia and Latin America join the effort. Otherwise, if the crooks don't like the regulations in one country they will just move their operations to a country that will allow their greed to rein unchecked.
Brown also puts forth how important it is to have trust, integrity and transparency in the banking world. If there is not a way to verify what a bank has as investments and how leveraged they are for risk then it makes investors uneasy and disinclined to trust that bank's judgment. And, without that trust, the markets dry up. He also claims that by developing this global banking system it would develop such a trust that the markets would begin flowing again. He seems to think this act would help stimulate as many as 50 million jobs right here in America. He did not elaborate further on that idea.
So, basically, Brown believes the world economic crisis boils down to greedy bankers too stupid to use their own money to keep themselves flush in working capital to cover bad investments. Which brings us to the Nine Big Banks who are manipulating our world economy.
9 Big Banks manipulating world economy
The New York Times reported this past week about the secret meetings of world bankers who serve on a global council. What they do is meet every month to discuss and oversee trading in the derivatives market and the credit default market.
Anonymous secret bankers
What is annoying is that no one knows who "they" are. They remain anonymous. They come from famous names like JPMorgan Chase, Goldman Sachs and Morgan Stanley. Their locations are secretive as to when they meet and what exactly they do discuss. These men supposedly "safeguard" a multi-trillion dollar market - yeah, for themselves because they work hard to exclude other banks trying to get into the market.
Derivatives market
Get this as to just how crooked the derivatives market truly is: they don't allow public information to know their prices and the fees for the "insurance" product they offer as derivatives. Of course, Wall Street also claims we are all too stupid to understand the so-called complicated world of derivatives.
Here's the deal: it's nothing but a fancy word for unregulated betting and gambling. By not allowing their own customers who buy this product they are left wondering if they got a fair price and completely clueless as to the details of what the bank is charging them. This affects small businesses as well as large ones. This derivatives market also affects the average person because pension funds use this product to hedge their investments.
As it stands right now these banks are collecting billions of dollars in these undisclosed fees. All this could change if governments would get involved and regulate this industry severely. If there was more competition, rather than this monopoly by the nine Big Banks, prices would go down and there would be transparency.
To read more on the details of just how these Big Banks operate, controlling these derivatives market clearinghouses, go here for the New York Times article: A Secretive Banking Elite Rules Trading in Derivatives
The Daily Show: Exclusive - Gordon Brown Extended Interview - In this unedited, extended interview, Gordon Brown thinks America should be optimistic about its future in the global economy.
Check out Gordon Brown's new book: "Beyond The Crash: Overcoming The First Crisis of Globalisation."
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
The Soul Calendar - science, astronomy, psychology
Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
Poems From A Spiritual Heart - poetry
The Healing Waters - health news
Dennys People Watching - people in the news
Dennys Food and Recipes
Dennys Funny Quotes - humor
Gordon-Brown, interviews, books, international-affairs, economy, America, Europe, Great-Britain, money, unemployment, Wall-Street, morality
From Denny: Former British Prime Minister Gordon Brown brings into focus the world economic meltdown in his latest book "Beyond The Crash: Overcoming The First Crisis of Globalisation." This video clip is the extended interview and also an exclusive one with Jon Stewart on The Daily Show.
Former Prime Minister Gordon Brown Exclusive Interview
The revelations of inept government and banking officials is astounding here. Government leaders around the world assumed that bankers were professionals and actually knew and understood the banking system. According to PM Brown, apparently bankers from renowned global Big Banks admitted to not understanding the concept of how to calculate financial risk. That's like saying you don't understand the concept of burning yourself if you put your hand into the roaring fire. Unbelievable.
October 2008 beginning of world economic meltdown
Brown and Stewart discuss the atmosphere of the beginning of the world economic meltdown in October 2008. The crisis was so severe that within three to six days huge global banks would be out of money. Brown relates that one banker told him that "all he needed was some overnight financing to get through." The next day the bank collapsed. Brown said the head of that Big Bank was completely clueless as to what was going on.
What shocked Brown the most as he delved into the financial crisis at the time was how interconnected like a world web were all the banks. In fact, they were so entangled that when one bank failed it started a domino effect worldwide.
Why banks failed worldwide and continue to fail today
From what he experienced as a government leader, Brown learned a lot about the banking system and its terrible flaws, vulnerabilities and ruthless crookedness. As he sees it there are four major areas of problems with Big Banks:
* the banks were over leveraged with too many risks
* not enough working capital monies available because they were
* spent as bonuses rewarding the bankers instead of being invested back into the bank as working capital
* when the banks ran out of money all lending froze up
Government bailouts for greedy world bankers failed to bring about change
These idiot bankers were so greedy to reward themselves for the short term and too stupid to realize eventually the well would run dry and collapse their banks entirely. Of course, along come governments like America who gave huge bailouts to keep the banks in business. What did the bankers do? Nothing changed. They still continue to reward themselves with multi-million dollar bonuses - and allowing their working capital to dry up so we will end up bailing them out yet again.
What happened to create the economic crisis is that banks did not take in enough premiums on their risk investments to cover their risks. Say they took in a $50 million premium to cover a $5 billion risk yet did not set aside a full $5 billion to cover that risk. Instead, these stupid bankers got greedy, rewarded themselves with huge bonuses, leaving the banks unable to cover the huge losses that came their way. In short, they gave out as bonuses to themselves what was supposed to be the bank's working capital.
Brown pushes for world banking standards to inspire trust and investments
As idealistic Brown sees it the world must move to a global banking system where there are industry standards, integrity, trust, responsibility and fairness. While he is correct, good luck on that one with all the extreme greed on Wall Street.
Brown does admit that even if America finally reins in Big Banks with new legislation there will still be problems unless all the banks of the world in Europe, Asia and Latin America join the effort. Otherwise, if the crooks don't like the regulations in one country they will just move their operations to a country that will allow their greed to rein unchecked.
Brown also puts forth how important it is to have trust, integrity and transparency in the banking world. If there is not a way to verify what a bank has as investments and how leveraged they are for risk then it makes investors uneasy and disinclined to trust that bank's judgment. And, without that trust, the markets dry up. He also claims that by developing this global banking system it would develop such a trust that the markets would begin flowing again. He seems to think this act would help stimulate as many as 50 million jobs right here in America. He did not elaborate further on that idea.
So, basically, Brown believes the world economic crisis boils down to greedy bankers too stupid to use their own money to keep themselves flush in working capital to cover bad investments. Which brings us to the Nine Big Banks who are manipulating our world economy.
9 Big Banks manipulating world economy
The New York Times reported this past week about the secret meetings of world bankers who serve on a global council. What they do is meet every month to discuss and oversee trading in the derivatives market and the credit default market.
Anonymous secret bankers
What is annoying is that no one knows who "they" are. They remain anonymous. They come from famous names like JPMorgan Chase, Goldman Sachs and Morgan Stanley. Their locations are secretive as to when they meet and what exactly they do discuss. These men supposedly "safeguard" a multi-trillion dollar market - yeah, for themselves because they work hard to exclude other banks trying to get into the market.
Derivatives market
Get this as to just how crooked the derivatives market truly is: they don't allow public information to know their prices and the fees for the "insurance" product they offer as derivatives. Of course, Wall Street also claims we are all too stupid to understand the so-called complicated world of derivatives.
Here's the deal: it's nothing but a fancy word for unregulated betting and gambling. By not allowing their own customers who buy this product they are left wondering if they got a fair price and completely clueless as to the details of what the bank is charging them. This affects small businesses as well as large ones. This derivatives market also affects the average person because pension funds use this product to hedge their investments.
As it stands right now these banks are collecting billions of dollars in these undisclosed fees. All this could change if governments would get involved and regulate this industry severely. If there was more competition, rather than this monopoly by the nine Big Banks, prices would go down and there would be transparency.
To read more on the details of just how these Big Banks operate, controlling these derivatives market clearinghouses, go here for the New York Times article: A Secretive Banking Elite Rules Trading in Derivatives
The Daily Show: Exclusive - Gordon Brown Extended Interview - In this unedited, extended interview, Gordon Brown thinks America should be optimistic about its future in the global economy.
Check out Gordon Brown's new book: "Beyond The Crash: Overcoming The First Crisis of Globalisation."
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Exclusive - Gordon Brown Extended Interview | ||||
| www.thedailyshow.com | ||||
| ||||
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
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Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
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Gordon-Brown, interviews, books, international-affairs, economy, America, Europe, Great-Britain, money, unemployment, Wall-Street, morality
Saturday, December 11, 2010
Sellout Obama and Bush Tax Cuts Firestorm Angers America
Obama continues to bully a bad tax plan down the throats of America.

President refuses to caucus with his own Democrats, stiff-arms them
From Denny: President Obama continues to refuse to caucus with his own Democratic Party. How illogical and insane is this? Answer: very. For some reason this President has adopted a President Nixon autocratic condescending leadership style of which the Democrats are now thoroughly in revolt.
Black Caucus refuses to support the President
Even the African-American caucus does not support him on this Bush Tax Cuts plan he tried to ram down every one's throat. Obama never consulted with any of his own party but rather this plan just suddenly appeared out of thin air via Obama and his senior advisers who met solely with Republican leadership. Increasingly, the Democratic leadership is abandoning Obama on key issues - like national security.
Democrats part ways with Obama
Here's how the Democratic leadership have gone their own way on current legislation up for vote:
* On a $1.1 trillion provision to keep the federal government funded for the next year there was a provision attached to prevent Obama from spending any funds to try terrorism suspects in a civilian court instead of a military commission. The language contained in this provision basically keeps open the Guantanamo Bay prison indefinitely.
Think about the recent fiasco where there were 285 counts against a terrorist and the weak federal government case was such that he was only found guilty on one count. Then it was back to Guantanamo for him. Definitely a complete waste of taxpayer monies.
House Democrats furious with Obama
In an interview with The Hill this is one reaction to the provision. Many other Democrats, including Rep. Jim Moran (D-Va.), a member of the defense appropriations subcommittee, said they didn’t even know the provision was included - until the rule for the bill hit the floor. Democrats began defecting in large numbers when that happened:
“This is a lack of leadership on the part of Obama,” fumed Moran (D-Va.) “I don’t know where the f*** Obama is on this or anything else. They’re AWOL.”
Obama threw down ugly ultimatum
It was yesterday the House Democrats completely rejected Obama's Bush Tax Cuts plan. Obama told them "to take it or leave it." So, they decided to leave it. Obama did not count on that. Why is Obama jamming up his own Democrats and fighting with them, refusing to meet with them to caucus? In fact, Obama walked out on a meeting with House and Senate Democrats. Instead, he chose to meet with only the Senate Republicans and proceeds to make a unilateral agreement. Then Obama fights with his own party to ram it down their throats. None of this makes any sense.
Speaker Pelosi
Since the rejection vote, Speaker Pelosi said, "Democratic priorities remain clear: to provide a tax cut for working families, to create jobs and economic growth, to assist millions of our fellow Americans who have lost their jobs through no fault of their own, and to do this in a fiscally sound way."
White House Press Secretary Gibbs
Now ask if the White House response makes any sense: White House press secretary Robert Gibbs said "the president is confident Congress will approve the tax package despite its rejection by House Democrats. At the end of the day the bill will pass both houses." This is where the heart of the matter lies - with the deaf White House. They listen to the Republican Party of No yet refuse to hear their own Democrats. "What's wrong with this picture?" is all the buzz in the progressive liberal blogosphere - and among voters.
"We have tremendous concerns about what was given away by the White House," DeFazio commented after the vote. We have given our leadership license to force the Senate and the White House back to the table to get a better deal for the American people."
When DeFazio was asked if the leadership had agreed he said, "Well, they're not going to get a bill if they don't." So much for Press Secretary Gibbs' glib response. Apparently, the White House does not accept these House Democrats mean business and will hold out for as long as it takes.
The Obama Bush Tax Cuts Plan proposal
What did Obama propose?
* 13 month extension of unemployment benefits
* two year extension of ALL Bush Tax Cuts that adds to the national deficit to feed the rich
* and a few minor details that don't amount to much of anything for the middle class benefit
Obama a lousy and weak negotiator
As it stands, Obama basically got about $100 million in unemployment benefits for 13 months as a trade in exchange for almost $800 billion in tax cuts for the rich to last two years. Now why did Obama take a paper towel to a gun fight? Clearly, he does not know how to negotiate. Either he's incompetent, corrupt, greedy or "C" all of the above multiple choices. A high school kid could have done better than this. As it is, Americans pay unemployment insurance out of every paycheck to cover them for benefits should they require them. There is no excuse, legally or otherwise, as to why they should be denied their own insurance they paid out.
How did Obama give away our rights, our winning hand and common sense?
What happened here? Obama went into these negotiations with the overwhelming will of the people on his side to not give tax breaks to the wealthiest Americans. Even 55 percent of Republicans don't want it. Almost 70 percent of all Americans don't want it.
Why does Obama want to rush up the vote on this tax plan?
Obama had a winning poker hand and lost the game too quickly - which means something is stinking in this White House. It's as if he intended to throw the game in order to win some side bets that would pay higher. What could that be? Try the fact that Obama, senior advisers Axelrod and Plouffe, Sec. Geithner and a lot of his cabinet are all recent millionaires. The reality is that they don't want to see their taxes go up come 31 Dec 2010. This is all about self-interest, disgustingly plain and oh, so corrupt simple.
Estate Taxes revision proposal
As to estate taxes, well, I think both sides of the aisle are completely crazy and greedy. Why? Explain to me why when our parents pass away they should pay yet again on their estates? They already paid taxes on those monies and assets. It's an insult to them to pay when they die too. Maybe have death taxes for the wealthiest since they find ways to elude taxes in their lifetimes anyway. Getting some kind of taxes out of them after death might be the only way.
As to estate taxes Obama and the Republicans decided upon a ceiling of $5 million and 35 percent taxes. The Democrats originally wanted the ceiling at $3.5 million and 55 percent taxes. See? They are both crazy.
Adding Ethanol Tax Credits to revise plan
Currently, to sweeten the deal to get the bill passed Obama has now signed off on adding ethanol tax credits and a $3 billion one-year extension of energy production tax credits.
Sen. Bernie Sanders Filibuster of tax plan winning hearts and minds
Today, Sen. Bernie Sanders (I-Vt.), one of the Senate's leading liberals and darling of voters nationwide, is filibustering the Obama Bush Tax Cuts plan. "I'm not here to set any great records or to make a spectacle," Sanders said as he began his speech. "I am simply here today to take as long as I can to explain to the American people the fact that we have got to do a lot better than this agreement provides."
Sanders Filibuster getting national attention
Well, Sen. Sanders has the attention of Washington with his old-school speech-making blasting the tax deal, filibuster style. Media folks are buzzing about his speech and over at Twitter his name is the sixth most popular hash tag topic. The nickname for his speech that went viral with Beltway reporters? Filibernie. And get this: the Senate TV server had to be shut down temporarily because there were too many people trying to watch Filibernie all at the same time it could not handle the overload of viewers.
Some bullet points contained in his speech:
* a detailed case for more infrastructure investment
* higher corporate tax rates
* reducing the federal budget deficit
* Sanders said Wall Street bankers and the wealthy will be the real beneficiaries of the tax plan
Excerpts from Sanders Filibuster
Says Sanders as he mocks the pampered wealthy, “How can I get by on one house? I need five houses, ten houses! I need three jet planes to take me all over the world! Sorry, American people. We've got the money, we've got the power, we've got the lobbyists here and on Wall Street. Tough luck. That's the world, get used to it. Rich get richer. Middle-class shrinks."
Senators who support Filibernie opposition to tax plan
Two of my favorite Senators also support Sen. Sanders publicly: liberal Sen. Sherrod Brown (D-Ohio) and my own Democratic centrist from Louisiana, Sen. Mary Landrieu. They both joined Sanders on the floor in supportive conference.
Here is what Sen. Mary Landrieu (D-Louisiana) had to say about the Obama tax plan version both she and Sen. Brown oppose: "It's morally corrupt." And that about says it all.
*** More in the news about this ugly tax deal:
On tax-cut deal, ignore Bill Clinton - from economist Robert Reich

*** UPDATE 17 DEC 2010: House Democrats put up a fight over the estate taxes but eventually relented when a suspicious poll was published that suddenly announced that the American public - who had been 70 percent against the tax cuts - was now miraculously 70 percent for the tax cuts plan. The reality is that two-thirds of Republicans and Independents (that are made up of two-thirds former Republicans) wanted the bill. Democrats were 54 percent against the bill.
The real reason this bill passed so quickly is when the Tea Party folks made a huge fuss - and rightly so - about the $8 billion in pork attached to the $1.2 trillion funding bill to keep the government running. You guess it: the funding bill was attached to the tax cuts bill. The Tea Party squawking gave the Democrats the cover necessary to cut out the pork - but also the funding bill with it, to be raised later for consideration. Meanwhile, the federal government may shut down.
Talk about getting everything. The Republicans were poised for the almost $1 trillion tax cuts to the rich PLUS $8 billion in pork that went mostly to their party. Greedy pigs that just don't know when to stop gobbling up everything in sight. It's shady doings like this that angers the American public at our politicians. Will these guys ever learn?
President Obama signed the bill today. The least he could have done in his "deal" while giving away the store is get an equal two years unemployment extensions for the two years of tax cuts to the rich. He could have folded in The 99ers (people who are now two years or longer unemployed) - who are millions without any unemployment benefits for six months now. Their plight has been completely ignored by their government.
So, as it stands there are millions of unemployed without any unemployment benefits to survive from day to day. We also have a federal government about to shut down for lack of funds. Buy hey! The rich got their tax cuts and are jingling plenty of money in their pockets saying, "Ho! Ho! Not!"
The idea that these tax cuts would spur the wealthy to start hiring again is preposterous. Big Business is still cutting jobs by the thousands and sending them overseas. Why hire American workers when you can get cheaper labor overseas while enjoying tax loopholes here in America? It's a win-win for the wealthy holding all the cards in the game.
*** Photo by David Katz @ flickr from the 2008 campaign
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
The Soul Calendar - science, astronomy, psychology
Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
Poems From A Spiritual Heart - poetry
The Healing Waters - health news
Dennys People Watching - people in the news
Dennys Food and Recipes
Dennys Funny Quotes - humor
President refuses to caucus with his own Democrats, stiff-arms them
From Denny: President Obama continues to refuse to caucus with his own Democratic Party. How illogical and insane is this? Answer: very. For some reason this President has adopted a President Nixon autocratic condescending leadership style of which the Democrats are now thoroughly in revolt.
Black Caucus refuses to support the President
Even the African-American caucus does not support him on this Bush Tax Cuts plan he tried to ram down every one's throat. Obama never consulted with any of his own party but rather this plan just suddenly appeared out of thin air via Obama and his senior advisers who met solely with Republican leadership. Increasingly, the Democratic leadership is abandoning Obama on key issues - like national security.
Democrats part ways with Obama
Here's how the Democratic leadership have gone their own way on current legislation up for vote:
* On a $1.1 trillion provision to keep the federal government funded for the next year there was a provision attached to prevent Obama from spending any funds to try terrorism suspects in a civilian court instead of a military commission. The language contained in this provision basically keeps open the Guantanamo Bay prison indefinitely.
Think about the recent fiasco where there were 285 counts against a terrorist and the weak federal government case was such that he was only found guilty on one count. Then it was back to Guantanamo for him. Definitely a complete waste of taxpayer monies.
House Democrats furious with Obama
In an interview with The Hill this is one reaction to the provision. Many other Democrats, including Rep. Jim Moran (D-Va.), a member of the defense appropriations subcommittee, said they didn’t even know the provision was included - until the rule for the bill hit the floor. Democrats began defecting in large numbers when that happened:
“This is a lack of leadership on the part of Obama,” fumed Moran (D-Va.) “I don’t know where the f*** Obama is on this or anything else. They’re AWOL.”
Obama threw down ugly ultimatum
It was yesterday the House Democrats completely rejected Obama's Bush Tax Cuts plan. Obama told them "to take it or leave it." So, they decided to leave it. Obama did not count on that. Why is Obama jamming up his own Democrats and fighting with them, refusing to meet with them to caucus? In fact, Obama walked out on a meeting with House and Senate Democrats. Instead, he chose to meet with only the Senate Republicans and proceeds to make a unilateral agreement. Then Obama fights with his own party to ram it down their throats. None of this makes any sense.
Speaker Pelosi
Since the rejection vote, Speaker Pelosi said, "Democratic priorities remain clear: to provide a tax cut for working families, to create jobs and economic growth, to assist millions of our fellow Americans who have lost their jobs through no fault of their own, and to do this in a fiscally sound way."
White House Press Secretary Gibbs
Now ask if the White House response makes any sense: White House press secretary Robert Gibbs said "the president is confident Congress will approve the tax package despite its rejection by House Democrats. At the end of the day the bill will pass both houses." This is where the heart of the matter lies - with the deaf White House. They listen to the Republican Party of No yet refuse to hear their own Democrats. "What's wrong with this picture?" is all the buzz in the progressive liberal blogosphere - and among voters.
"We have tremendous concerns about what was given away by the White House," DeFazio commented after the vote. We have given our leadership license to force the Senate and the White House back to the table to get a better deal for the American people."
When DeFazio was asked if the leadership had agreed he said, "Well, they're not going to get a bill if they don't." So much for Press Secretary Gibbs' glib response. Apparently, the White House does not accept these House Democrats mean business and will hold out for as long as it takes.
The Obama Bush Tax Cuts Plan proposal
What did Obama propose?
* 13 month extension of unemployment benefits
* two year extension of ALL Bush Tax Cuts that adds to the national deficit to feed the rich
* and a few minor details that don't amount to much of anything for the middle class benefit
Obama a lousy and weak negotiator
As it stands, Obama basically got about $100 million in unemployment benefits for 13 months as a trade in exchange for almost $800 billion in tax cuts for the rich to last two years. Now why did Obama take a paper towel to a gun fight? Clearly, he does not know how to negotiate. Either he's incompetent, corrupt, greedy or "C" all of the above multiple choices. A high school kid could have done better than this. As it is, Americans pay unemployment insurance out of every paycheck to cover them for benefits should they require them. There is no excuse, legally or otherwise, as to why they should be denied their own insurance they paid out.
How did Obama give away our rights, our winning hand and common sense?
What happened here? Obama went into these negotiations with the overwhelming will of the people on his side to not give tax breaks to the wealthiest Americans. Even 55 percent of Republicans don't want it. Almost 70 percent of all Americans don't want it.
Why does Obama want to rush up the vote on this tax plan?
Obama had a winning poker hand and lost the game too quickly - which means something is stinking in this White House. It's as if he intended to throw the game in order to win some side bets that would pay higher. What could that be? Try the fact that Obama, senior advisers Axelrod and Plouffe, Sec. Geithner and a lot of his cabinet are all recent millionaires. The reality is that they don't want to see their taxes go up come 31 Dec 2010. This is all about self-interest, disgustingly plain and oh, so corrupt simple.
Estate Taxes revision proposal
As to estate taxes, well, I think both sides of the aisle are completely crazy and greedy. Why? Explain to me why when our parents pass away they should pay yet again on their estates? They already paid taxes on those monies and assets. It's an insult to them to pay when they die too. Maybe have death taxes for the wealthiest since they find ways to elude taxes in their lifetimes anyway. Getting some kind of taxes out of them after death might be the only way.
As to estate taxes Obama and the Republicans decided upon a ceiling of $5 million and 35 percent taxes. The Democrats originally wanted the ceiling at $3.5 million and 55 percent taxes. See? They are both crazy.
Adding Ethanol Tax Credits to revise plan
Currently, to sweeten the deal to get the bill passed Obama has now signed off on adding ethanol tax credits and a $3 billion one-year extension of energy production tax credits.
Sen. Bernie Sanders Filibuster of tax plan winning hearts and minds
Today, Sen. Bernie Sanders (I-Vt.), one of the Senate's leading liberals and darling of voters nationwide, is filibustering the Obama Bush Tax Cuts plan. "I'm not here to set any great records or to make a spectacle," Sanders said as he began his speech. "I am simply here today to take as long as I can to explain to the American people the fact that we have got to do a lot better than this agreement provides."
Sanders Filibuster getting national attention
Well, Sen. Sanders has the attention of Washington with his old-school speech-making blasting the tax deal, filibuster style. Media folks are buzzing about his speech and over at Twitter his name is the sixth most popular hash tag topic. The nickname for his speech that went viral with Beltway reporters? Filibernie. And get this: the Senate TV server had to be shut down temporarily because there were too many people trying to watch Filibernie all at the same time it could not handle the overload of viewers.
Some bullet points contained in his speech:
* a detailed case for more infrastructure investment
* higher corporate tax rates
* reducing the federal budget deficit
* Sanders said Wall Street bankers and the wealthy will be the real beneficiaries of the tax plan
Excerpts from Sanders Filibuster
Says Sanders as he mocks the pampered wealthy, “How can I get by on one house? I need five houses, ten houses! I need three jet planes to take me all over the world! Sorry, American people. We've got the money, we've got the power, we've got the lobbyists here and on Wall Street. Tough luck. That's the world, get used to it. Rich get richer. Middle-class shrinks."
Senators who support Filibernie opposition to tax plan
Two of my favorite Senators also support Sen. Sanders publicly: liberal Sen. Sherrod Brown (D-Ohio) and my own Democratic centrist from Louisiana, Sen. Mary Landrieu. They both joined Sanders on the floor in supportive conference.
Here is what Sen. Mary Landrieu (D-Louisiana) had to say about the Obama tax plan version both she and Sen. Brown oppose: "It's morally corrupt." And that about says it all.
*** More in the news about this ugly tax deal:
On tax-cut deal, ignore Bill Clinton - from economist Robert Reich
*** UPDATE 17 DEC 2010: House Democrats put up a fight over the estate taxes but eventually relented when a suspicious poll was published that suddenly announced that the American public - who had been 70 percent against the tax cuts - was now miraculously 70 percent for the tax cuts plan. The reality is that two-thirds of Republicans and Independents (that are made up of two-thirds former Republicans) wanted the bill. Democrats were 54 percent against the bill.
The real reason this bill passed so quickly is when the Tea Party folks made a huge fuss - and rightly so - about the $8 billion in pork attached to the $1.2 trillion funding bill to keep the government running. You guess it: the funding bill was attached to the tax cuts bill. The Tea Party squawking gave the Democrats the cover necessary to cut out the pork - but also the funding bill with it, to be raised later for consideration. Meanwhile, the federal government may shut down.
Talk about getting everything. The Republicans were poised for the almost $1 trillion tax cuts to the rich PLUS $8 billion in pork that went mostly to their party. Greedy pigs that just don't know when to stop gobbling up everything in sight. It's shady doings like this that angers the American public at our politicians. Will these guys ever learn?
President Obama signed the bill today. The least he could have done in his "deal" while giving away the store is get an equal two years unemployment extensions for the two years of tax cuts to the rich. He could have folded in The 99ers (people who are now two years or longer unemployed) - who are millions without any unemployment benefits for six months now. Their plight has been completely ignored by their government.
So, as it stands there are millions of unemployed without any unemployment benefits to survive from day to day. We also have a federal government about to shut down for lack of funds. Buy hey! The rich got their tax cuts and are jingling plenty of money in their pockets saying, "Ho! Ho! Not!"
The idea that these tax cuts would spur the wealthy to start hiring again is preposterous. Big Business is still cutting jobs by the thousands and sending them overseas. Why hire American workers when you can get cheaper labor overseas while enjoying tax loopholes here in America? It's a win-win for the wealthy holding all the cards in the game.
*** Photo by David Katz @ flickr from the 2008 campaign
*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!
*** Come by for a visit and check out my other blogs:
*** Check out Holiday Recipes From Dennys Food and Recipes
The Social Poets - news, politics
The Soul Calendar - science, astronomy, psychology
Visual Insights - photos, art, music
Beautiful Illustrated Quotations - spiritual quotes, philosophy
Best Spiritual Posts - my own best as well as links to other spiritual posts from all viewpoints
Poems From A Spiritual Heart - poetry
The Healing Waters - health news
Dennys People Watching - people in the news
Dennys Food and Recipes
Dennys Funny Quotes - humor
Friday, November 26, 2010
Obama and the Democrats Still Don't Get It - Fix the PR & Messaging, and Pick the Right Battles
The Midterm (S)elections ended pretty much as expected. Confused Americans tired of gridlock in Washington DC, voted for more gridlock. This is frustrating because I know many of those white Republican voters are poor working class and middle class people. Many have been greatly impacted by the economy. I don't understand how they believe Republicans will make their lives any better. Afterall, a Republican White House was at the helm when the economy crashed. Republicans will aim to cut projects and services that many of their own constituents depend on... food stamps, medicare, unemployment insurance, S-chip, infrastructure investments, money for Police and Teachers...you name it. The next two years will be very constraining for President Obama, due to a Republican House of Representatives that will block his remaining agenda.
I have been annoyed and dejected about politics and the direction of the Country (still going in the wrong direction) over the past several weeks and have not been motivated to write anything. Voters and the Country have been disappointing more often than not over the past several years. Things started to go downhill politically in the late 1990's when Republicans and Ken Starr turned the Clinton affair into a circus. Then the U.S. made a number of foreign policy mistakes... under Clinton, which didn't help the U.S. at all...and caused more harm. That was followed up by the 2000 elections. A year later... we had the 9/11 catastrophe. The U.S. hasn't been the same since. Every major negative event that happened after 2000 and 2001 can be traced back to the major events of those two years (the Election of Bush/Cheney, and 9/11)....every major negative event. The nation is still licking its wounds from 2000 and 2001.
What annoyed me most about the Democrats, Post-election, was the fact that there didn't seem to be any effort whatsoever to understand what helped lead to the sharp losses. There was no recognition at all of Progressive/Democratic Party strategy. It was back to business as usual. The first major sign that the Democrats didn't get it was the fact that they chose Nancy Pelosi to continue as the Party's leader in the House of Representatives. This would have been a good opportunity to start fresh with a new leader. Pelosi, in my view, was never very effective as Speaker. Not only does the choice of Pelosi provide more motivation for Republicans over the next two years, but it sends the signal that Democrats are, to some extent, tone deaf. Democrats never seemed to have their finger on the collective pulse of the American public. Despite the need to focus on jobs and the economy.... Democrats chose Healthcare. That in of itself was not the fatal blow. It was the way that they went about selling Healthcare Reform that sunk them. Democrats never seemed to understand the importance of messaging and PR... how to grab and maintain the initiative in the information war. As a result, they lost the information war early on and were never able to regain control of the debate. Democrats also failed to grasp the fact that the U.S. is a centrist to center-right nation, and that governing may sometimes require a centrist approach. However, this is also a nation, as centrist as it may be, where people like populist ideas...some of which are Progressive ideas. In other words...large complicated bills that few people understand are often frowned upon due to costs and the image of too much government. But when you separate Progressive ideas into smaller slices, Americans often like them.... the populist side of the Country kicks in. Democrats failed to exploit the way that Americans understand and perceive policy. It's as if Democrats didn't bother gauging public sentiment at all to determine the best strategy for proceeding.
They were able to pass a bill....many observers, including myself, predicted that. But the cost was probably too high...politically and otherwise. A better strategy might have been passing the bill in pieces which would have been less confusing. They should have focused on passing (and branding) the popular aspects of reform....making it difficult for Republicans to confuse and misinform voters.
President Obama himself doesn't seem to get it. Not only doesn't he seem to understand the larger issues that I mentioned regarding Democrats... he also doesn't seem to understand how his position and approach as President will have to change. During his post-election press conference, the President once again extended an olive branch to Republicans and talked bipartisanship. This was after (Speaker elect) John Boehner and Senate minority leader Mitch McConnell, made it clear that they had no intentions on pursuing a bipartisan approach.
"This is not a time for compromise, and I can tell you that we will not compromise on our principles," Boehner said during an appearance on conservative Sean Hannity's radio show.
McConnell made similar statements, basically saying that his priority would be to make sure that Obama is defeated in 2012. The only way to do that is to sabotage the remaining two years of Obama's Presidency....which is exactly what they plan to do. It's the same approach that they used during his first two years in office.
The Republican plan is basically to continue the approach of obstruction...and run out the clock on Obama's time in office. They don't want to allow Obama to claim credit for anything positive. They are even reluctant to allow Obama to sign the New START Treaty. The START Treaty is part of a family of Treaties going back to the SALT Treaties under Ford and Carter. They have been the cornerstone of arms control & arms reduction between the U.S. and Russia for four decades. Senate approval of these treaties is usually a formality. All out delays, opposition, sabotage & interference is extremely unusual... not just over the past four decades, but throughout the history of the Republic.
Is Obama tone deaf? He doesn't seem to understand that Republicans have declared war on his Presidency. He also doesn't seem to understand that Democrats/Progressives are in the midst of an information war...and they are losing. I can understand his desire to remain cordial. That's the professional thing to do... but behind the scenes he has to have a two track strategy if he wants to avoid being a one term President.
There is a way that Obama could minimize Republican obstructionism and even put pressure on Republicans. I'm not very optimistic, because the Obama strategy team and the strategy approach of the Party as a whole has been so ineffective over the past two years. But he could position himself to be competitive in 2012, if (along with the Democratic Party) he takes the following approach:
1. Vastly improve the messaging and PR. This has been dismal lately. Work to establish a media infrastructure and communications network for Progressives that could rival the Republican media apparatus (which dominates TV news, and Talk Radio, and has a growing presence on the net). The Democrats and the Obama Administration also must understand the importance of branding. Also, re-establish the PR response effort that was in place during the 2007-08 campaign. Dismantling this after the election was a huge mistake. Put the PR war room back in place.
Without making strides in the information war... Obama's re-election could be in doubt. You can have the best ideas in the world.... but if you have no way to get your message out... no way to compete on the airwaves, no way to combat and prevent distortions... then it doesn't really matter.
2. Keep making efforts to work with Republicans, but behind the scenes, rely on a two track approach. The real approach should be to cut out Congress altogether when necessary.... earlier than usual. Instead, talk directly to the American people about proposals. Talk to Americans during prime time (yes... interrupt them) once or twice a month to provide regular status updates. Tell them what legislation you want/and that the nation needs and point out when Republicans are blocking those efforts. Focus on popular pieces of legislation at least initially. This could work to basically turn the tables on Republicans and force them to govern ...and make tough decisions. Call their bluff on debt issues... make them explain the painful cuts to programs that people depend on. Make them explain why tax cuts for the rich were more important than a poor family's unemployment benefits or food stamps... down to earth, real world programs that people depend on to keep food on the table. Programs that people are depending on more than ever now...ironically due to an economic collapse that took place under a Republican President. Some of those people that will be impacted by Republican cuts are going to be white, working class Republicans. If Republicans block everything (even popular, sensible legislation)...the hope is that American voters will notice and at the very least give Obama another four years. Not that i'm a huge Obama fan (never was)....although I am proud. The reality is... there is no alternative. The idea of a President Romney, Gingrich, Barbour or the ultimate nightmare Sarah Palin, scares the daylights out of me.
3. Obama has to bring in a more effective, more creative strategy team. It's almost a full month after the elections and I see no improvement on the media/PR front.
4. Democrats have to choose their battles more carefully...concentrating on issues that the American people are most concerned with, keeping their fingers on the collective pulse of the nation, and choosing battles that would give them a chance to be effective and to win. Once a battle is chosen... stand up and fight for the Democratic/Progressive position....but be open to compromise when practical and sensible, and when the other side is acting in good faith (which is almost never). But the hope is...by choosing populist positions, the public will be on the side of Progressives, making Republican obstructionism much more difficult. This is why it is important to explain proposals in terms of how they would make life better for average Americans.... how a proposal would create jobs...etc. Speak in terms that middle America can understand.
5. Democrats/Progressives should invest heavily in a public/voter education initiative, both through public school curriculum's and through not-for-profit groups. Such a campaign should be a sustained long term effort, lasting years.
Why Did Americans Jump on the Republican Bandwagon?
1. Republicans are much more effective when it comes to PR and branding. Republican marketing/PR is so strong that they could sell just about anything. It's all in the packaging. Republican strategists understand how to use information or misinformation to change, and control public opinion. Yes, it's manipulative....but it works for them. They were basically able to convince enough voters that the economic pain that they were feeling was somehow the fault of President Obama (not because of the jackasses who came before, who were asleep at the wheel for 8 years). Yes, the Party controlling the White House typically loses seats in Congress after Midterm elections, however, the losses this year were made worse by deliberate efforts by the GOP (and its allies) to confuse and misinform voters.
2. Well I will let Pollster founder Charles Franklin say it. Sadly he's right. He basically says what I have been pointing out for years. I don't bring this up as a way to make fun of voters. Quite the contrary. I don't believe it's necessarily their fault. It's easy to fall victim to misinformation, especially in the digital/internet age. It's that much easier to fall victim when you may not have all the tools to navigate through the nonsense and lies, and to determine what good information is vs. bad information. Public School systems and colleges don't put enough emphasis on basic civics, government, political science, history, geography, and cultural instruction. This is why voter education has to be a fundamental part of the Democratic Party's strategy.
Discussion on Long Term Unemployment
Hear a pretty good discussion on long term unemployment from NPR. (under-employment is also discussed). How has the economy impacted you?
I posted a general plan/vision for dealing with unemployment back in 2009, and again a few months ago. Unfortunately, Obama and his advisers are not seeking the kind of approach I presented (massive incentive programs centered around green jobs, research/innovation, and other job creation strategies). The Republican Congress would never support these ideas anyway. But I still believe that the vision I described is generally the way to go. Without major investments in infrastructure and programs that would produce long term sustainable jobs, the unemployment rate will likely remain high for years.
Related
Rikyrah, this might interest you...
Difficulties faced by women in the workplace
Women file suit against Citigroup
Friday, October 1, 2010
Reagan Budget Director Basically Says Republican Pledge is a Joke - Trashes Idea of Permanent Tax Cuts for the Rich
Former Reagan Budget Director David Stockman tells the truth about the Republican Pledge to America in interview with NPR this past week. Although he also criticized Democrats (naturally). I think his suggestion that TARP was a complete waste/failure isn't quite correct.... especially since we now know that the final bill is far less than the hundreds of billions that had been anticipated.
But I love how he exposes the phony act that Republicans have been putting on regarding taxes and their economic proposals.
Related
Jon Stewart's segment on the Republican's non-plan for the Country is classic! Same Republican BS.
But I love how he exposes the phony act that Republicans have been putting on regarding taxes and their economic proposals.
Related
Jon Stewart's segment on the Republican's non-plan for the Country is classic! Same Republican BS.
Friday, September 24, 2010
Arianna Huffington Discusses "Third World America"
Watch an interview with Arianna Huffington focusing on her book Third World America, which talks about deteriorating conditions for the Middle Class in America. Huffington suggests that we are headed for third world status if current economic trends continue. (I have mentioned several times that this is where we are headed, and believe that in some respects, we are already there). But what is different about Arianna Huffingtons commentary is that she sees things from a different perspective than most Progressives. The way that she somehow doesn't see the working class and working poor is quite annoying to me. In many ways, her perspective mirrors that of the Obama Administration in terms of being blind to the working class. Where in the Hell does she think the middle class comes from.... does she think they appear out of nowhere and are suddenly middle class? The working class and working poor of today are supposed to be tomorrows middle class. They make no effort to link these groups together and propose policies that benefit various groups collectively. They have a very myopic view of what the middle class really is.
This is one reason why I am not a big fan of Huffington. Her legitimacy is not very solid. I would much rather hear Barbara Ehrenreich speak on these issues. Someone who actually knows something about what life is like for the poor, the working class, and the middle class. But the discussions with Huffington were still interesting and worthwhile.
Hear a more in depth discussion from NPR.
Related Posts
The American Dream Harder Than Ever To Attain
The Need for Living Wages
This is one reason why I am not a big fan of Huffington. Her legitimacy is not very solid. I would much rather hear Barbara Ehrenreich speak on these issues. Someone who actually knows something about what life is like for the poor, the working class, and the middle class. But the discussions with Huffington were still interesting and worthwhile.
Hear a more in depth discussion from NPR.
Related Posts
The American Dream Harder Than Ever To Attain
The Need for Living Wages
Thursday, September 23, 2010
President Obama's Town Hall Meeting on the Economy
Highlights of the CNBC Town Hall
Also see Backyard Town Hall Meeting in Virginia
My Take:
He should have been doing nationally televised Town Halls months ago. In fact, he should have been doing these events on a monthly basis from the time he took office. If he would have been doing these back in April.. (just go back to Spring and Summer) the Democrats would be in much better shape right now in terms of public opinion. Instead, they have allowed the conservative media to control the national debate...even to the point of rewriting history to fool and confuse voters, and that has worked for the Republicans very well so far.
But in just the past week, since Democrats decided to fight back (somewhat), their standing has improved. I know this is campaign season.... but some of the strategy that the Democrats are using now should have been used much earlier in the year. I have mentioned Town Halls countless times. One of the big mistakes that Obama made when he won the Presidency was that he disbanded his fact-checking/debunking/ communications teams. The war room of fast reacting staff and volunteers who kept up with much of the lies and misinformation being told about the President during the campaign could have been put to good use during the first 2 years of his Presidency (and beyond). For some reason, President Obama assumed that all would be well after January 2009. But the truth is... on the Republican side, things were just getting started.
I still don't think he completely gets it. The frustration expressed by the guests at the Town Hall was exactly the kind of frustration that Republicans wanted them to have at this point. The GOP wanted to block as much as they could, so that the Presidents own supporters would be frustrated enough to lose faith, give up, and stay home. They definitely were successful at peeling away crucial support from independents. That's why if the Presidential election were held today... it would look more like 2000 or 2004 than the landslide of 2008. And Obama would likely end up on the short end like Gore and Kerry.
But recent polling suggests that when Progressives actually fight back... that when Progressive ideals are put side by side with Tea Party Republican ideals.... that when Progressive plans are compared with Conservative Republican plans, Progressives tend to do a little better in the Court of public opinion. A common sense Progressive vision is much better than what the Tea Party has in mind. Americans are receptive to Progressive views when you break things down into policy and explain it to them in a way that they can comprehend. Why can't Obama and Co. figure this out? Why can't they figure out how to develop a long term strategy that would allow them to compete in the information war?
Their rotten PR annoys me. It's like seeing a superior product being marketed by an atrocious salesman. Companies like this often fail, despite having better stuff.
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