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Former Goldman Insider's Take On Obama's Speech And The Massive Pink Elephant In The Room
From Nomi Prins
Obama's Speech and America, Inc.
Watching Obama deliver his State of the
Union Speech last night, reminded me of all the rah-rah quarterly
meetings that we had to attend as Managing Directors at Goldman, where
senior management would remind us all of how great we were, and if there
were any areas of competitive weakness relative to our adversaries at
other banks, all we had to do was step up our game, innovate and
globalize (or something like that.)
Obama wasn't delivering a summary of
what has, or is, going on for most Americans last night, no such
negative status report. And, if you didn't expect him to, he gave good
speech - full of reminders of how it is America's destiny and the
American dream to be great and powerful, "robust democracy" that we are.
There was a massive pink elephant in the
room called reality though. So, when he waxed proud when he said, "We
are poised for progress. Two years after the worst recession most of us
have ever known, the stock market has come roaring back. Corporate
profits are up. The economy is growing." I had a different reaction.
My reaction was wtf? Two years after the
worst recession? After? Really? What about the 26 million people
unemployed or underemployed in the country? What about the 4.4 people
applying for every job, compared to the 2.9 people per job after the
2000s recession? What about the 4.4 million jobs that should have been
added, just accounting for a population coming of job age alone, forget
any kind of growth, compared to the fact that instead, the job pool
declined by a quarter of a million people in the past two years, because
the time required to get a job is at record highs? What about the
nearly 8 million FAMILIES that have been foreclosed upon because of the
reckless investment bank race to create $14 trillion dollars worth of
toxic assets in the five years leading up to the financial crisis and
leave them to shatter lives and the non-stock market evaluated economy?
What about the fact that the government fiscally stimulated the banking
system by a multiple of 20 times more than it stimulated its citizens,
with nary a fight from the politicians our democracy is so lucky to have
as representation? What about all that warm, cuddly multi-trillion
dollar support from the Fed and the Treasury Department on our country's
way to Sputnikian economic greatness?
"The rules have changed," said Obama.
Yes, they certainly have. Businesses can
offshore jobs because it is in their best profit and shareholder and
stock value interest to do so, with no federal incentive to alter this
strategy - that's why corporate profits and CEO salaries are up, whereas
the average median employee salary on a comparative basis is stuck
somewhere in the 1970s. That's why staring at the abyss of potential
bankruptcy in the fall of 2008, Goldman Sachs and Morgan Stanley got the
Fed's blessing to become federally subsidized bank holding companies.
And we, taxpayers, are still on the hook for the Fed's $29 billion of
backing of Bear Stearn's assets taken over by JPM Chase in a government
sponsored merger in the Spring of 2008 and coming with a bunch of
still-being-wrangled lawsuits, not to mention gleeful federally backing
of the further consolidation of the banking system to fewer, more
powerful, more obtuse, more risky players.
All of which, though technically not a
result of changing rules, but rules staying the same and working for the
reckless, were still rubber stamped by the Obama administration (yes,
and Bush too, and Clinton's deregulatory team, etc.) and its financial
king's, Tim Geithner, until recently Larry Summers, and incoming JPM
Chase's Bill Daly and GE's Jeffrey Immelt as job czar. (GE and JPM
Chase, having been happy bailout recipients, of course.) Small
businesses can't hire as many people, because they can't afford their
financing, even if banks will give them usefully sized loans, they don't
get the 0.25% interest money the banks get from the Fed when they need
it. Individuals got hosed, meanwhile, by shady home loans and shadier
modifications and higher fees on all sorts of credit, from cards to
student loans (a record $884 billion of which are outstanding to
students whose tuitions rise as their job and loan-payback prospects
fall).
We're not talking just about steel mill
job eliminations over the years, we're talking about the solidification
of the administration's decision to ignore the mistakes and devastating
consequences of Big Finance and Obama suggesting last night, that people
consider becoming teachers, with a smile. No disrespect to teachers, of
course, they work much harder and make do with much less than traders,
but you don't see Vikram Pandit, Citigroup CEO rushing out the door to
become one, no you see him getting approved for a RAISE, of the sort a
teacher can only dream about, from a base salary of $1 million to $1.75
million this year, after Citigroup's survival was ensured only because
of massive government stimulus. Why? Because he is now valued at a 75%
pay increase, that Washington, and Obama would like to believe is due to
his hard work, and not to a government handout. America at its best.
There were some useful elements to his
otherwise CEO like speech (you department heads sitting out there - you
work together so America, Inc. can be the best it can be.) They included
adopting a fair immigration policy that doesn't chuck people out of the
country because the path to being here is so laden with decade long
bureaucracy and cost, keeping some elements of an otherwise
insurance-company gift of a health care reform bill that the GOP House
just repealed and that doesn't reform the cost of health care - such as
covering pre-existing conditions and people up to the age 26 under their
parents' plan (if their parents have a plan, that is) even though Obama
backed off from even trying to convince the room to consider full
coverage for all without egregious premiums, and wanting to increase the
spread of clean energy initiatives (that he said will create 'countless
jobs' as opposed to the countable 5 million he said it would create
during is campaign.)
But, in the end, Obama's practiced
eloquence in delivery, peppered with a few American success stories -
who can deny the hero behind the Chilean mine worker rescue his due? -
and the now-debated investment over spending word choice, belied a
strong dose of something akin to condescension. If you don't have a job,
it's because of the Internet, not the banks hoarding $1 trillion that
we gave them at the Fed. If we're falling behind China in education,
it's because bad teachers should be removed, good ones rewarded and
parents (who apparently aren't doing as good as job as they could of
this) are not focusing on the education process more at home. If
America, has the 'most prosperous economy in the world' for its
corporations and financial insitutions, its because we all share a
common, attainable dream.
So, just go out and innovate and compete and get it. We'll be here watching the banks' backs.
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Oh and let's not forget this Mr. President:
Crisis Panel Report Blames Wall Street, Washington“The captains of finance and the public stewards of our financial system ignored warnings and failed to question, understand and manage evolving risks within a system essential to the well-being of the American public,” the Financial Crisis Inquiry Commission wrote in a 545-page book outlining its conclusions. “Theirs was a big miss, not a stumble.”
http://www.bloomberg.com/news/2011-01-26/crisis-panel-report-pins-blame-...
All to distract you, with conclusions intended to fall on deaf ears.
Yes, but let's consider what the FCIC insiders have to say:
http://www.nakedcapitalism.com/2011/01/fcic-insiders-say-report-gives-wa...
I thought pink elephants occured during withdrawl. Which debt addicted CONGANG asshole is withdrawing?
Delirium tremens is the pink elephant stage. Not exactly withdrawal.
Ermmm...yeah...
https://health.google.com/health/ref/Delirium+tremens
"Delirium tremens is a severe form of alcohol withdrawal that involves sudden and severe mental or neurological changes. Symptoms most commonly occur within 72 hours after the last drink,"Can I have some of that? Hell I'll scrap my morning workout. Delirium Tremens. Goes down like a baby aspirin.
I should have said rare and severe complication of withdrawal.
budget cut #1 please - pelosi
http://www.judicialwatch.org/news/2011/jan/judicial-watch-uncovers-new-d...
Losers whine. Stop counting losers because losers don't count. Obammy is a winner, only winners count. Sore losers can't be heard because winners don't hang around with losers. Winners make the rules, losers lose. That is all.
Mr. Obama is my HERO! Ohh Darn I ran out of toilet tissue.
mine too. he has a noble chin.
<<<<They included adopting a fair immigration policy that doesn't chuck people out of the country>>>>
Why does America need a new immigration policy at all ? The Nation is bankrupt after 50 years of globalization , mass immigation and all that time multi cult was our greatest contribution .. what BS.. I guess it will take more than third world poverty to wake the retard Libs up...
Governor of Hawaii sez there is no birth certificate. none. not there. never was.
http://www.youtube.com/watch?v=hvrb7YqdvxE
Maybe his next speech he can come up with an organ donor program the government could implement. Get all the young unemployed to sell their kidneys or something for a tax rebate and sell them to the old banking elite who need one. That'd be something we could all cheer about. A true market has been created here with the new rules.
Nav sez we missed the Ferdinand Pecora exit. But don't worry, Robespierre is coming up next.
Obama's whoremanship is jaw dropping. Makes the ZH cynics look like pikers. Sadly now he is soaring in the polls, which is an indictment of America.
Soaring (sp) into the Gapping Jaws of fiscal responsibility.
Fuck the economy. I'm startin' my own goddamn economy. C'mon y'all, who needs ObamabankerFederalReserveWanker anyhow? Fuck 'em all.
Finally!
Good one! Snickering.
There were 9 Secessionist candidates on Vermont ballots in November. Let's go there.
i'm not 100% sure but the majority of those candidates did not get elected in vermont. we should go to Mitakuya Oyasin, Lakota Republic, they have oil, gas, and water, and they are sovereign. if they could only get some T-90s and S-400s we'd be all set. They seem to think the US still considers their treaties from a hundred years ago to be valid, when CON-gress shits on the bill of rights daily. 7th cav firing up.
'The Lakota Indians, who gave the world legendary warriors Sitting Bull and Crazy Horse, have withdrawn from treaties with the United States, leaders said Wednesday.
“We are no longer citizens of the United States of America and all those who live in the five-state area that encompasses our country are free to join us,” long-time Indian rights activist Russell Means told a handful of reporters and a delegation from the Bolivian embassy...
...A delegation of Lakota leaders delivered a message to the State Department on Monday, announcing they were unilaterally withdrawing from treaties they signed with the federal government of the United States, some of them more than 150 years old.
They also visited the Bolivian, Chilean, South African and Venezuelan embassies, and will continue on their diplomatic mission and take it overseas in the coming weeks and months, they told the news conference.
Lakota country includes parts of the states of Nebraska, South Dakota, North Dakota, Montana and Wyoming. They also presented to the United Nations in an official capacity as an independent nation state.'
Do you have a link to this story, I could not find anything to confirm it.... thanks!
http://www.rapidcityjournal.com/news/local/article_43e36124-43fc-5e9d-b1...
http://surveying-mapping-gis.blogspot.com/2007/12/lakota-to-reshape-us-m...
http://www.republicoflakotah.com/tag/republic-of-lakota/
they have a prima facia case, but so far being ignored by the gubermint, they never took money or land as compensation and their treaties were nominally valid until they unilaterally withdrew in 07.
Looks pretty good to me, all things considered - thanks for the links.
The politicians around the world are nothing more than auction items which can be sold to the highest bidder. They will do whatever they can for the lobbyist paying them the maximum amount of money or votes, be it the unions, the banksters, the richest corporations or individuals. They are in the power seat to extract maximum advantage for themselves in the small time frame they occupy the seat of power.
The rest of the population is least of their concerns. The only activity they do is pacify the majority of the population using false statistics and promises of a better future so that they do not lynch them and their masters while they are robbing the taxpayers.
http://www.marketoracle.co.uk/Article24581.html
""Well, John the Baptist after torturing a thief
Looks up at his hero the Commander-in-Chief
Saying, "Tell me great hero, but please make it brief
Is there a hole for me to get sick in ?"
The Commander-in-Chief answers him while chasing a fly
Saying, "Death to all those who would whimper and cry"
And dropping a bar bell he points to the sky
Saying, "The sun's not yellow it's chicken."""".............B.DYLAN
As much as I loath Obama, I cannot deny he is an excellent politician. And by that I mean, speech and deal maker. And anyone not focused on reality (= most Americans [so far]) would probably find that speech inspiring.
Think about it: A Black man, with an Arab-ish name, after an infamous terrorist attack, gets elected president of the US. Yes, he was groomed, but the groomers chose him fora reason. He's Good at it. Real good.
Too darn bad what he is good at is so pernicious. Like a 'good' assassin – great if he's on year team, not so great if he plays for someone else.
You are kidding. For every voter who voted for Obama 1000 voted against Bush. A stuffed dummy could have won that election.
Quit ur crying and be happy the mkt is not cratering again. Like WTF, let's give a speech on how fucken retarded gs is every year? What other kind of speech is there. Fucken kook.
Show some respect. Verbs and Adjectives can be used in positive ways.
http://www.truthdig.com/
Robert Scheer's Columns http://www.truthdig.com/report/item/hogwash_mr_president_20110126/ Hogwash, Mr. President..
"The speech was a distraction from what seriously ails us: an unabated mortgage crisis, stubbornly high unemployment and a debt that spiraled out of control while the government wasted trillions making the bankers whole. Instead the president conveyed the insular optimism of his fat-cat associates: “We are poised for progress. Two years after the worst recession most of us have ever known, the stock market has come roaring back. Corporate profits are up. The economy is growing again.” How convenient to ignore the fact that this bubble of prosperity, which has failed the tens of millions losing their homes and jobs, was floated by enormous government indebtedness now forcing deep cuts in social services including state financial aid for those better-educated students the president claims to be so concerned about.
His references to education provided a convenient scapegoat for the failure of the economy, rather than to blame the actions of the Wall Street hustlers to whom Obama is now sucking up. Yes, it is an obvious good to have better-educated students to compete with other economies, but that is hardly the issue of the moment when all of the world’s economies are suffering grievous harm resulting from the irresponsible behavior of the best and the brightest here at home. It wasn’t the students struggling at community colleges who came up with the financial gimmicks that produced the Great Recession, but rather the super-whiz-kid graduates of the top business and law schools.
What nonsense to insist that low public school test scores hobbled our economy when it was the highest-achieving graduates of our elite colleges who designed and sold the financial gimmicks that created this crisis. Indeed, some of the folks who once designed the phony mathematical formulas underwriting subprime mortgage-based derivatives won Nobel prizes for their effort. A pioneer in the securitization of mortgage debt, as well as exporting jobs abroad, was one Jeffrey Immelt, the CEO of GE, whom Obama recently appointed to head his new job creation panel.
That the financial meltdown at the heart of our economic crisis was “avoidable” and not the result of long-run economic problems related to education and foreign competition is detailed in a sweeping report by the Democratic majority on the Financial Crisis Inquiry Commission to be released as a 576-page book on Thursday. In a preview reported in The New York Times, the commission concluded: “The greatest tragedy would be to accept the refrain that no one could have seen this coming and thus nothing could have been done. If we accept this notion, it will happen again.”
...
..
Dude, a lot of people saw this coming and some tried to do something about it. Perhaps more will pay attention next time.
Give me 4 more years of this moron Obama!
Are Palin haters capable of learning?
Uh, no.
Riot time.
The SOTU speech was the most vacuous ever delivered. For instance, he stood with the people of Tunisia who want democracy. That is an easy stance when the Tunisians ran their president (Ben Ali) out of the country - with no help from BHO, whose emissary, George Mitchell, had high praise for Ben Ali when he visited. And where was BHO when people were dying for democracy in the streets of Tehran? Oh, yeah, _that_ was an internal matter. He can't meddle with certain countries' internal affairs, but he can tell Jews where they can build.
Sputnik moment? A leader defines a goal; what was the goal BHO detailed? He didn't. But he _sounded_ good saying 'Sputnik moment'. I have a nausea moment every time I read someone say how brilliant he is. Is that so? Based on what, exactly?
He knows how to improve our competitiveness? What has he ever done to indicate he knows anything about business competition? Receiving the most PAC money from Fannie and Freddie? Playing golf 52 times (Bush, only 24 times in 9 years) already, in only two years? Does he improve our competitiveness by bowing submissively, and giving soul handshakes, to every dictator he meets? By insulting our ally, Great Britain, multiple times? By appointing more Czars than Russia has had in its entire history? Does our competitveness improve by propping up an early-20th century business like GM, giving it to its unions and denying senior debtholders their rights?
The speech was packed with posture and empty rhetoric. He is a craven fraud.
The deliverer of the SOTU speech was the most vacuous ever.
+ 1,000,000
(That will have only +10 in point power in a year or two but its worth a cool 1M now)
Perfect.
+10 (I'm writing to you from 2 years in the future)
This is a fun equity thread. Skulls and cross bones. Give me a trade? Any trade will do.
USAGX
Physical Gold. Buy in $599 or less increments or the seller might be tempted to file a 1099 to the IRS.
Ruger Mini-14 in .223 and a Berretta 9MM so you can scavenge ammo. The AR-15 is a piece of crud and makes you look like a terrorist, the ranch rifle more practical.
Trailer on acreage in the south you could raise chickens and grow subsistence food on; get to know your neigbors, the Sherrif, the Church.
For the next couple of weeks Treasuries. Longer term buy TIPS as the inflation/stagflation/hyperinflation will get serious before long (only way to erase the debt while continuing to punish the middle class). You could always go cash but never $250K at any one bank. You could rotate in and out of 6-month CD's but same proviso. Don't leave all your eggs in the Matrix because if they shut down the binary databases you won't get the robots (ATM's) to cough out any recognizable currency, however fiat.
Best.
Short NFLX at 75 P/E.
at the judgement seat, Nomi would be lloyd's worst nightmare I suspect with that piercing voice demanding answers. The following is a recent interview with Ms Prins on CNBS
http://ori.cnbc.com/id/15840232?video=1337411120&play=1
The parasites laughing at TSA airport molestation, which the rulers of course get to bypass, is the pink elephant in a nutshell.
What other speech could Obama give? What in his life's experience would prepare him to say something other than what he did? This is what comes after a century of economic idiocy and dumbing-down of education. Obama can't fix the problem because he's unware of what the problem is.
The best we can hope for is to keep him from doing too much damage. Our real work is to pressure Congress to at least make some efforts at reforming spending, elminating counter-productive regulations and, best of all, auditing the Fed in preparation for getting rid of it in 2013 (be neat to kill it a century after it was created).
In building an economy where work is rewarded; where investment replaces stock market gambling; where banks are trustees of the public wealth rather than ATMs for corporate bosses; where government protects the individual - in building this, we'll be at it for at least a generation. It won't come overnight. No one should get too discouraged by what is happening right at the moment - we are at the crisis and death of a fiat money, usury-based economic model. People will be confused and we'll have a lot of starts and stops before we get it right; but we will get it right.
You gotta have a little faith...
Other speech? Two simple words:
I resign.
Excellent post, Mark.
Yes, great post, thank you.
I think we are beyond the point where we can fix this without blood in the streets and a major collapse; but I'll join you in hoping for the peaceful civil route.
Always, always - but, if it came to that, then we'd get through that, too.
It helps that I'm a believer; and one thing I believe is that some how or another - whether by Grace of God or the rarest of great good luck, the men who wrote our Declaration of Independence and Constitution got it right. If you take a look at what had gone before you can see endless groping for the right talisman for rational government which can both rule and be subordinate to the people - and we hit the jackpot in 1776 and 1787. How to cobble together millions of different people with a host of different interests? We did it.
Now we have gone and loused it up - but the real genius of those documents is that even now we can just refer to them and fix things up again. Not easily. Not without a lot of pain and struggle, but we can do it.
1000+
Thanks, I'm with you.
Obama is a product of the diversity culture which celebrated him for the color of his skin rather than the content of his character or any intrinsic merit. He's LITERALLY had a legion of powerful asskissers since day one. The guy knows fuckall about anything.
Nothing he's EVER "accomplished" has been real. He is the ultimate pop-up President, a cardboard cutout. But because everyone has drooled and applauded his every bowel movement, he actually believes himself to be significant.
Busch was a product of the same type of upbringing but at least he hated himself enough to know that he was really intrinsically worthless.
Potemkin Presidents
+1 well said
+++++
Tyler Durden for President!
Obama has ignored this whole fucking mess from the day he got in. There have been no prosecutions, no justice, no change. In fact, he is that definition of status quo. I pray for the day that this clown GTFO and lets an adult have the job. His hallmark legislation, the great Obamacare takeover is far from settled. I noticed too, that he didn't mention a thing about that either. Must have slipped his mind.
"Goldmans Insider Take" - lmao
Although I'm sure this was said in jest, it could also be taken as inciting a terrorist event. This is likely to get you banned as a member or the site shut down. Please do not do this again, and I recommend that you edit your comment away.
Lighten up
I'm not trying to be a net nanny, but I think a red line has been crossed here. Just think about it for 30 seconds longer.
If the poster is sentient, as apparently you aren't, he realizes that only blood, shed by some of the real perps at the top instead of the stupidity of bombing and shooting the lowest level trolls is the only possible hope the people of this country, likely the world, have of jumpstarting an effort by the Attorneys General to begin prosecutions of these criminals.
Are you really endorsing assassinating the POTUS? I can't work out if you are being childish or just plain stupid.
ThebamSter? What does he have to do with anything?? The guy is a puppet.
Useless to take him out.
H. Paulson, Greenspan, Rubin, Fink, Gensler, Cheney, Fuld, Cassano, Dimon, Blankfein, Madoff, Geithner and his predecessor----now you're getting somewhere.
There is only one stupido here and that's you, to think that anything short of taking out the Banksters--- with extreme prejudice-- will save us. And don't think they don't know it.
+1111... Prins...
Hot smart chicks are hot...
I know, I know... that statement was redundant like a crouton sandwich...
After looking at some of the pics from Africa & the middle east, a question came to mind re: the US - at what point does the military decide that the US administration is unable to manage the affairs of the nation and requires the military to "step in" to keep/restore "order"?
Is the military elite a partner of the financial elite or is there reason to hope that the financial elite won't be allowed to completely ruin the country before some kind of "leadership intervention" occurs?
on the other hand, the thought also occured to me that perhaps the military elite is simply waiting for the moment where the country is so decimated that it will be begging for the military to step in to the power vacuum.
The US may not be recognizable in the not too distant future...
have a bad feeling that the Birth Cert issue is going to rear its ugly head at some point...
Was thinking the same thing Trav. Interesting that the reporter ate s*it today and now says he didn't speak with Abercrombie.
2 years or more after the Birther issue started, and Obama continues not to put this issue to bed. Arizona and other states are already starting to draft legislation for candidates to prove their American status, natural-born citizen. I am not a Birther, but I am struck that Obama continues to not eliminate the Birther issue for some mainstream Americans, some extremists will never feel he is legit, much like many argued for a long time on Bush's legitimacy.
I tend to believe the first report out of the reporter that Abercrombie's reserarch through his sources and channels that hey could not locate the certificate of live birth. This is a constititional requirement that he needs to be a natural-born citizen to be eligible for the office. The 2008 election is history, but 2012 certainly is not.
I certainly don't know the facts of the case, but Obama is a public servant with a job requirements that he be a natural born citizen. As far as I'm concerned, he should be surrendering his privacy right when he is going or holds the most powerful job in the world, if not required legally at least voluntarily. Why should a birth certificate be this private in this case, he is asking people to take his word that he is who he says he is. Hell, they need to show birth certificates to play Little League Baseball, but not required to be the President? Something doesn't seem quite right with the whole notion to me.
I voted for him last time, but if this issue is lurking around in 2012 with question on his basic eligibility. I have to review whether he should get my vote again if he leaves doubt as to if he is actually a native-born American. If they want to change the constitution to allow others to be president, go through the process to expand the eligibility but at this point the Constitution still rules in my mind.
You lost me at "I voted for him last time"
I did, eh. Are you suggesting I am the only one who feels bamboozled by Obama's eloquence versus the actual deliverables? That's the funny thing about this isn't it, it is all so subjective and inconclusive considering how the media continually tries to paint it.
Obviously if I had the doubts in 2011 in 2008, the vote may have been different. Considering he got elected, he fooled quite a few of us it appears.
Let's hear your rationale instead of a quick oneliner at me.
the chains have ruled, it has always been thus
All of these guys make this waaaay too hard. Here is a prescription for the US of A:
1. Throw the banksters in jail - and schedule the trials for whenever the understaffed judiciary can get around to it. If they can prove they were innocent - they can go free - in 2 or 3 years.
2. Horsewhip the idealogues that gave us "free trade" and deregulation with no enforcement mechanisms - sell tickets.
3. Tell every piece of crap elite corporate type that if they want to maintain their citizenship they better wrap their heads around loyalty to the country first - as in before the shareholders. If you don't like it - pick your shit and your families up and move.
4. Tell the citizens of our nation about the above measures and that the handouts are finished - corporately and personally. It is sink or swim time - for all of us.
5. We have to spend less than we take in - and we have to pay our debts - no one else - no future generations...blah blah blah.
It's a nice dream...
Speaking of “pink elephants”: persons who suggest there are problems with increasing unemployment and in the same breath suggest “fair” immigration policies that won’t chuck out illegals taking the very jobs from the U.S. workers that they are concerned about have obviously overlooked, shall we say, the 800 pound gorilla in the room.
As someone who has worked overseas for 30+ years I have a difficult time understanding the "immigration policy" of the US. In all the countries I've worked in, never have I been allowed in without a work permit. I once got deported because my work permit expired. Why does the US not enforce the same rules?
Having also spent most my life abroad and having to deal with the same issues from time-to-time: deportation, barred entry, quick trips to another country for a passport stamp to re-enter as a tourist until I could get the shit worked out....I also wonder. Once I worked in Malaysia for two years without a work permit, but I just left the country every sixy days and went to Singapore, Thailand or Bali for a few days, then came back. I was on a Malaysian Government approved project, but they were holding our work permits to negotiate a better deal with the German company I worked for...so they made me jump through all these hoops, but winked at me when I came back into country. But...who can complain about a vacation every 60 days:)
I don't care.
I made $ from short term SPY calls. Seriously, I think FED should buy some prime time TV airtime to encourage people buy equities. I wish there will be a 10% down so I can get back in.
I missed Barry’s teleprompter recital. But then I don’t watch TV. If president Soetoro will give next years State of the Union Address from Man’s Country I’ll be sure to watch. Perhaps Mayor Rahm Emanuel can be on the other side of the glory hole when Barry makes his delivery.
http://fellowshipofminds.wordpress.com/2010/05/27/washington-insider-obama-member-of-chicago-gay-mans-club/
Freakin' hilarious link, so tempted to copy it to some Obama-bots i know (must resist temptation...must resist temptation...) Reggie Love LOL...
Obama talking out both sides of his mouth. You can not claim to reduce spending when you just extended the tax cuts to the wealthy.
We do not believe you. Managing the economy like communist China will not fix the problem. If you stop the QE infinity, this will choke the China economy by limiting the hot money rushing overseas and domestic spending.
So Obama, tell you friend Bernake to stop his games now....before we the people revolt.
NOPOMO
uh...reducing revenue is not the same as increasing spending
Very well said and so true.
Obama proved himself to be The Biggest Loser last night: he praises China during SOTU (!), he caves to GOP over tax cuts but says he wants a grudge match (!), he says he's found a problem with his own healthcare law which he's busy fixing, buried in the middle of the speech he reveals he's caving to demands to cut Medicare, Medicaid and Social Security. He needs to be everything to be validated by everyone.
What was it about *change* did you not understand??? The guy's gotta get an A+ for delivering what he promised....right?
a war on nelly nay sayers, grummbling about price hikes at wal-mart will get you reheaducated at the ministry of truth.
maybe that wasabi guy cna do a road runner cartoon with the sheep dog and the coyote as bush and obamma at the clockin machine, "morning ralf, eavning george"
dbl
The US has gone to shit. Time to leave.
bla bla bla hope blablabla change blablabla terrists blablabla america blablabla sputnik
LOLWTF
Obama "gave good speech"? If by good Nomi means utterly mendacious, and by speech, she means random string of positive verbal symbols, then yes, Obama gave good speech.
http://www.youtube.com/watch?v=d20zUw57lgs&feature=related
John Prine Space Monkey
http://www.youtube.com/watch?v=bfLpnXQpjvw
Sun Ra - Pink Elephants
http://www.youtube.com/watch?v=-LA-S64QY3o&feature=player_embedded
Russell Means: Welcome To The Reservation
.
http://www.youtube.com/watch?v=YgKAWidYMqc
.
http://www.youtube.com/watch?v=GgZ1fN8Njz4&feature=related
Abandoned. Alone. Deceived. Scared. Laika.
End Timez Are Already Here. 2008 = 1929
http://www.youtube.com/watch?v=1Kb1N-vxc0M
WAKE UP!
Politicians and business leaders are all people of the same mold as most of the rest of us - they are trying to do best for themselves. The only people I trust are ones who have nothing to gain from me, not those who do - politicians, my vote; and in this consumer-based economy - business leaders, my money. I have never voted or invested, but, I do buy things. Maybe one of these days if I can get over buying things that I like: guns, books, watches, knives, stamps and lab equipment...then I can claim victory. And....just as an aside, I guess I should mention that I do not trust myself unless I am closely monitoring myself in a mirror.
Heckuva job, Barry
Good one!
For him (and others) to ignore reality and claim the Great recession is behind us scares the crap out of me personally . Why ? because I imagine some great unexpected,most devastating event to come forward to be the new fall guy for the greatest Depression the world has seen .
thought Pink Elephant was the gay vote! . . . . so is the US going to have a pink army or what?
...seems fitting as the American empire sets being 'PC' goes down the toilet with it
The military has a very, very clear mandate to remove the communist muslim mulatto from office immediately.
He's shown no intention to stop his nation wrecking ways. I hope he is buried by the springtime.
All I gots to say is : Barry is so full of shit....
Palin / Quayle 2012!
JESUS IS HERE!
through out history the slaves have hated the masters..so the masters became invisible to the slaves. Now the slaves hate themselves..
sunlight on who are the masters occasionally happens on sites like ZH.
here at least many of us know who to hate, but the schools are designed to hide the masters so the majority is still self hating.
thus the call for more teachers to further the
pathology of self directed hate.
Closeup of Obama ath the SOTU:
http://img510.imageshack.us/i/dreadpirateo.jpg/
VIRUS jpg?
Virus? No... not unless you're alluding to his impact on the nation. Just gotta link to images externally. I'm new (posting) to the blog and couldn't find a way to import them directly
http://dailybail.com/home/bombshell-report-goldman-sachs-got-billions-from-taxpayers-t.html
The Daily Bail Debt & Deficit Portal. Bailout News. Federal Reserve Corruption. BOMBSHELL REPORT: Goldman Sachs Got Billions From Taxpayers Thru AIG For Its OWN Account, Crisis Panel Finds; Contradicting SWORN Testimony From ExecsSputnik was a harmless, beeping proof-of-concept the size of a basketball. The Chengdu J-20 is 65 feet of radar-invisible supersonic death. I'm just sayin'...