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FT Reveals Orszag Resigns Over Inability To Persuade Summers And Obama Keynesianism Leads To Suffering
As we speculated previously, the sudden and unprecedented departure of Peter Orszag, the day prior to the US Budget's formalization (which incidentally never happened as now the US will likely not have a 2010 budget at all, for fear of disclosing to most Americans just how broke the country is ahead of mid-terms) was due to Orszag's disagreement with the administration's, and particularly Larry Summer's, inability to fathom that reckless spending is a recipe for bankruptcy. As the FT reports: "Peter Orszag, Barack Obama’s budget director, resigned this week partly in frustration over his lack of success in persuading the Obama administration to tackle the fiscal deficit more aggressively, according to sources inside and outside the White House." And so, as any remaining voices of reason realize they are dealing with a group of deranged Keynesians, soon there will be nobody left in the administration who dares to oppose the destructive course upon which this country has so resolutely embarked, which ends in one of two ways: debt repudiation, or war. And with the only remaining economic "advisers" being the trio of Summers, Romer and Geithner, you know America will somehow hit both of these mutually exclusive targets.
More from FT:
Mr Orszag, whose publicly stated reasons for leaving were that he was exhausted after years in high pressure jobs and also that he wanted to plan for his wedding in September, is seen as the guardian of fiscal conservatism within the White House.
Other members of Mr Obama’s economic team, notably Lawrence Summers, the head of the National Economic Council, have placed more emphasis on the need for continued short-term spending increases to counteract what increasingly looks like an anaemic economic recovery in the US.
Although Mr Orszag agrees with the need to push short-term spending, particularly in the Senate, which again this week failed to pass a measure extending insurance to the unemployed, the budget director has become increasingly frustrated with the administration’s caution on longer-term fiscal restraint.
Mr Orszag, whom Mr Obama has dubbed a “propeller-head” because of his brilliant facility with projections and spreadsheets, has tried but failed to convince his colleagues to “step up the action”, according to one insider.
In particular, he has collided with the political team, led by Rahm Emanuel, Mr Obama’s chief of staff, over Mr Obama’s 2008 election pledge not to raise taxes on any households earning less than $250,000 a year – a category that covers more than 98 per cent of Americans.
Economists say that would put all the fiscal emphasis on draconian – and highly unrealistic – spending cuts, or else pushing the marginal tax rates on the very rich to confiscatory levels. “Peter feels strongly that this is a pledge that has to be broken if the President is to take a lead on America’s fiscal crisis,” says an administration official not authorised to speak on the matter.
And after Barney Franks's disastrous appearance earlier on, where the market did a shot and an uptick for every lie uttered, we can safely say that this bankrupt country truly deserves all of its elected individuals.
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@tao400 - my guess, and I daresay it is just a guess, is that crippled economies suffering from hyperinflation or deflation create serious social tension - people lose, essentially, their freedom to choose as we either descend into hyperinflationary mania or deflationary malaise, and they feel trapped, as truly they are (most of us anyways without gold or guns or an island or some shit like that) - then you get rioting, looting, burning, etc. - shit gets crazy
now, what is one of the best ways to galvanize an entire population, and thus control it? a crisis? what is a crisis that's pretty easy for the government to generate on it's own? Simple, War. Get the nation focused on something or someone else as the bad guy instead of the real people at fault (the powers that be, and have been).
Now, I am no conspiracy theorist, but it has been done before (i.e. the Falkland Islands ass-whuppin... er, melee between the Argentines and the British)
We white hats, they black hats - make people afraid and angry and they are easy to control if they perceive you to be in some position of authority (whether deserved or not)
Any thoughts anyone else? Be most interested....
I'll pick Mexico as the potential flash point.
Not if oil keeps going up....
I'm talking War on Drugs
I agree this used to work when a country was in a time of peace but needed a diversion from it's troubles.
However, much like stimulus, war as a diversion becomes less and less effective the more you use. As noted above, we are already in multiple wars and the population is weary of the shit.
I read a great article couple of days ago chronicling the Sovier collapse to our own experience. Overstretched, over spent, and eventually leading to a collapse from within.
Great militaries aren't great when you can't pay them and have to fire half of them to balance a budget. I think civil war to be a more likely outcome than a new WW.
"Now, I am no conspiracy theorist..."
Right, and neither are you a rocket scientist!
See that automobile in front of you? It just miraculously appeared there, no thought, design, creativity nor sweath went into its making.
No doubt the product of a Talking Snake from the Garden of Eden.
The USA is already involved in three wars, plus all those covert wars in Africa, Iran and elsewhere.
The real news will be when Orszag announces he's moving to Switzerland
.
wow look at the size of the cow in the right of the picture.
Ahhh that's Barney Rubble
TD:
"And so, as any remaining voices of reason realize they are dealing with a group of deranged Keynesians, soon there will be nobody left in the administration who dares to oppose the destructive course upon which this country has so resolutely embarked, which ends in one of two ways: debt repudiation, or war."
__
GT:
George Taylor: Oh my God. I'm back. I'm home. All the time, it was... We finally really did it.
[screaming]
George Taylor: You Maniacs! You blew it up! Ah, damn you! God damn you all to hell!
__
Date: 6/25/2010
Subject: Current Clusterfuck in Progress
To: US Public
From: Your Military and Your GovernmentIn case you did not get the last memo, THERE IS NO ONE IN CHARGE.
AND THAT GETS VERY EXPENSIVE YA KNOW!
besides Skynet, you mean...
I'll bet fatass Summers can write three chalk boards full of integrations justifying the quantitative easing, suggesting that happy days are right around the corner......and yet he can't figure out how to count a single calorie....never trust an obese man to anything which requires discipline......or a smoker.....or a heavy drinker.....you get it. I knew the gold trade was safe the moment BO stunk up the joint with Summers on his staff....
wow - that is a great fucking point - never looked at it that way, but methinks that dawg hunts
It is just terrible when jews start infighting...
http://www.ft.com/cms/s/0/216daeba-7f0c-11df-84a3-00144feabdc0.html
German Finance Minister Wolfgang Schäuble
"Germany has such a strategy. We will launch it next year (unlike most of its European peers, Germany still has an expansionary budget in 2010) with saving measures representing less than 0.5 per cent of GDP.
These steps are not only moderate in scale, but they are also economically sensible because they will increase incentives for the jobless to find work, reduce subsidies and trim the civil service. This controlled and measured approach to reducing our deficit is hardly what one would call “slamming on the brakes”. Indeed, one of its objectives is to strengthen our growth potential. Our course could be described as one of “expansionary fiscal consolidation”.
Behind the calls for us to pursue a more expansionary fiscal course lie two different approaches to economic policymaking on each side of the Atlantic. While US policymakers like to focus on short-term corrective measures, we take the longer view and are, therefore, more preoccupied with the implications of excessive deficits and the dangers of high inflation"
The other G20 members are going to rip Obama a new butthole this weekend, and it is dubious he or any of his sycophants know it's coming, sheltered as they are from reality. If he is lucky, they will do it privately. If we are lucky, it will be very public.
The world still blames the US for the financial disaster, and certainly a great deal of the blame lies with the US, though by no means all. Now, with the apparent passage of the Deform Bill, which does absolutely nothing to solve or ameliorate any of the circumstances that brought on the crisis---and makes new crises even more likely---other G20 leaders will be hard pressed to contain their scorn and contempt for what the bank lobby has achieved in the cesspool that is called the US Administration. Add to this the fiscal profligacy and total lack of discipline about which Orszag complained, and Obama looks like nothing more than what he is: a self-absorbed fool whose sole concern is his own re-election or ascent into a corner office at Goldman Sachs.
I'm hoping for one of those embarrassing "open mike" moments where horrible slurs are directed toward Obama, Geithner, Summers, et al., so that they'll be so shamed that they'll all hide in the trunk of a '63 Ford Falcon and try to sneak unseen back into the US from their Canadian weekend. Better yet, don't come back (sorry Leo).
Sheltered no, oblivious yes. He's to dumb to know he's being made a fool of, remember that deal in South America when Chavez walked up and handed him that communist book which Obama graciously received?
His whole life he was coddled and told he was special. That everyone found him to be uplifting, insightful and a natural leader to whom others would listen and obey.
The worst thing about these confabs is that ALL of the real work, if any was done weeks ago and that the 1,100,000,000. estimated cost of security for these bastards is unneccesary.
When was the last time that any real fight was done on the floor of one of these meatups?
The amounts devoted to keeping these maggots from the wrath of their "people" is the real news.
For the chartists, how about doing a chart of costs of G8/G20 with an overlay of the various currencies price of gold?
"...Obama looks like nothing more than what he is: a self-absorbed fool whose sole concern is his own re-election or ascent into a corner office at Goldman Sachs."
You forgot the empty suit part.
"Now, with the apparent passage of the Deform Bill, which does absolutely nothing to solve or ameliorate any of the circumstances that brought on the crisis---and makes new crises even more likely---other G20 leaders will be hard pressed to contain their scorn and contempt for what the bank lobby has achieved in the cesspool that is called the US Administration. Add to this the fiscal profligacy and total lack of discipline about which Orszag complained, and Obama looks like nothing more than what he is: a self-absorbed fool whose sole concern is his own re-election or ascent into a corner office at Goldman Sachs."
Chindit:
cesspool is the operative term, yomama is the worst sort of self absorbed wannbe, and ronny ray-gun's bright shining city on the hill is now a debt ridden, dysfunctional, asylum run by a corrupt 'plunderbund' who, secure in their supremacy, can loot at their leisure .
change is coming but it will not be pretty; allies and enemies will be soon be seen to have a common cause as merciless, shape changing mercenaries with long vivid memories and bitter, ironic solutions to the problems at hand......................
War is the byproduct of incompetence. It's used to cover up governments' failures, and/or for money and power. However, I'm afraid this time 'round we may be facing a globe that won't take kindly to another attack by the U. S. Debt repudiation...I think it's coming and soon.
It's becoming clear that this country is systematically being destroyed in a controlled demolition to even up the odds for an up and coming World War. False flags will be raised and the blind population will demand retaliation.
The US will emerge so weakened followed by a transfer of power to the next Imperial colony, say Australia. 10 years ago i laughed at myself. Now i just have others laughing at me. I believe I've made some progress.
You're just jealous because the voices talk to me!
so when obama tells europe to spend more too, is it really his ardent hope that they destroy themsleves too, so that silly new-world order thing can proceed as planned (global cloward and piven?)
soros must be enjoying this all.
jeez.
The media had me so convinced that his reason's where related to the upcoming marriage.
Shakes my head while kicking my tin can down the road.
/sarcasm off
Peter Orszag is a "voice of reason"? And all this time I thought he was a failed social-climbing geek who could no better apply his academic "smarts" to the real world than Helicopter Ben. But douche-bags like him typically know when to jump off a sinking ship...
David Walker had the same problems...
How do we deserve something else?
While looking for old photos to satisfy a stepdaughter request, I ran across a long forgotten old guide book for the provided for living at a residence hall for the Freshman year at a Midwestern university in 1953.
The rules for the student residence was interesting to read here in 2010. The source of the guide book would have been largely people of the WWII generation. The behavorial expectations, ethical or moral would have been a norm for the day.
It has been excerpted for brevity to include only the rules for students but the content says a lot about the public's attitudes and/or values during that period. The wording below is copied word for word.
"Both of these self-governing organizations operate under a written constitution which has been approved by the members and University authorities. In general, these constitutions provide for the student council to make and enforce general rules and carry on the activities of the student group. The following definite rules have been specifically made.
1. Quiet hours for study are enforced at all times with the exception of Saturday.
2. Presentable dinner attire including coats and ties will be worn at the evening meal on week days and at the noon meal on Sundays.
3. The drinking or the possession of intoxicating liquor in the Men's Residence Halls or the drunkeness of residence is not tolerated.
4. Gambling of any sort is prohibited.
5 Students agree not to pledge a fraternity during their first semester of Residence in the Men's Residence Halls. After completing their first semester of residence, pledging is permitted, but the council of Cary Club and Dunroamin insists that obligations of the resident be not lessened or superceded by affiliation with other organizations.
6. Radios may be used in student rooms only after permission is obtained from the Faculty Sponsor, and only if they are so used as not to disturb other residents.
7. Parents, guardians, and guests accompanied by them are permitted to visit student rooms between the hours of 9:00 AM and 7:30 PM, except on Saturday, on which day the hours are 9:00 AM to 12:00 Midnight. Women guests, other than indicated above, are not permitted to visit student rooms unless accompanied by a chaperon approved by the Faculty Sponsor and then only between the hours of 2:00 PM and 5:00 PM on Saturdays and Sundays."
Misspelling has been left in place. The people didn’t have spell-check in those days.
They obviously weren’t perfect.
But they fully understood that we cannot have without paying the price for having. Obama has an enormeous load not of his own making but it actually dubbed Orzag a "propeller head" it is a very bad sign. If he feels the the need to trivialize Orzag's special mental faculties, well---- just not good.
This country is being run like a restaurant/bar with an absentee owner. Obama's Bar & Grille. Obama is off on a world bowing-tour. Manager: David Axelrod Maitre de: Rahm E. Head Waiter: Barney Frank. Hostess: Blinky Pelosi. Bartender: Joe Biden. The staff is serving up freebies to friends and family - notably old friends/barflies Ben & Timmy, eating free, stealing from the till, and the bookkeeper says adios, I'm outta here before the insolvency becomes fully evident.
Patrons are shaken down by the door staff and fleeced for their own security.
Scary part: They're setting fire to the restaurant for the insurance money.
..
War fixed the last depression because we had the debt capacity to pay for it. Now we have 2 tiny wars, fielding a few hundred K troops, and we're stretched to pay for them. If we weren't in total denial we'd be saying the debt is a national security issue. Imagine another war that required mobilizing millions of troops. We'd bust wide open like the soviets did in the late 80's. BTW, how's china doing?
"we're stretched to pay for them"
Can't tell if the saying is depends on what the definition of Pay is or stretched is.
"Timmah!!!" "Tooo pwayerl ith phunnn! Weeeee!" BS sat outside the clubhouse that rested high up in a huge oak tree in a wooded grove outside the beltway. He reclined comfortably in his lafuma, and listened to Frank Sinatra. It was 10 o'clock in the morning, and Timmah and Bawknee sat on beanbags jacked into the markets via an 8 bit Nintendo circa '87. BS bent his legs so the lafuma sat him upright. "Timmah, will you come outside please." BS took a sip of his coffee. Timmah glared at Bawknee with his brow raised to his hair. "Let's pause it." Timmah hit pause and ran outside. Once he was gone, Bawknee pressed mute and resumed the game.
Timmah ran up to BS, "What is it Bennie?" BS winced at the name, but said nothing of it. "Timmah I have to go to Congress soon and inform them that a new STIMULUS is needed." "Why do you always say it like that?" Timmah asked. "Like what?" "STIMULUS?! You make it sound all capital." "Well, it is. Anywho, once I do, people will start asking questions that you need to answer. I want to review those questions." "TIMMAH!" "Ok first, economic policy dictates that a weaker currentsea increases exports and this stimulates job growth. We have taught every economics professor around to believe this, so I am not worried about this too much." "TIMMAH!" Timmah said with a wild eyed expression. "Second, you must say you have faith in the markets to come out of the double-dip very soon, and that this new STIMULUS will include home buyer credits and whatnot." "TIMMAH!" "Third we want you to intimidate, lie, and scare as much as possible." "Timmah." "Ok, good chat." "Is that all?" Timmah asked. "Yes; run along." Timmah ran off of the deck and back into the clubhouse while muttering, "Timmah, Timmah, Timmah..." BS heard his voice trail off into the distance.
BS knew that this may be his last stand, and upon this thought he reached for his Malibu rum and poured some into his coffee. 'This will be my triumphant moment.' He dreamed. 'This will be where I save the economy.' Then he told himself to remind himself to call Zuckerberg and ask if they were ready to have his company go public. He jotted this down. From the inside you could hear Timmah scream, "BAAAWKNEEE! What did you do?" "Sowwee." Was the only reply.
Frank Sinatra - I've Got The World on a String:
http://www.youtube.com/watch?v=eVil_NUviG8
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Hilarious! You ought to submit this to the guys at South Park! You could be in the movies! Sorry. The banksters would just sell the f***ing futures. Bad idea.
"Stop blaming welfare for every goddamned social woe in the country.
That is merely ignorant class phobia."
The blame is most appropriate but the ignorance is placing it on the lowest of the welfare recipients.
Place it on the kings of the welfare system, the house and the senate.
Washington doesn't borrow - it issues currency...
keynesianism, evolution, global warming, and obama's us citizenship are all birds of a feather....
It's unfortunate that he's leaving, he's quite brilliant. He's politically a centrist, which was about as good as we could get with this administration. He really needs to do something with that hair though.
He was married previously, and I'm shocked he's getting married again.
Wow are you ignorant of the truth. The guy is a fascist. But then again, since the 'center' always bends over for the corporations, perhaps the center is where these sorts of fascist people are.
If you think Orszag is brilliant, you must be a retard. You think Forrest is smart too?
I say PU to PO
It is one of the most stressful tasks known...planning a wedding.
Summers, Geithner, Romer. The three stooges. Why do we need an economics advisor, budget director, & treasury secretary? Why are we paying for three incompetents instead of one?
Its just FUBAR
wars happen because Hate Motivates, someone or a bunch of folks in power have to have alot of hate and fear to proceed in that direction, u get some type of tipping point to push sentiment in one direction, and away you go, ie, huge momentum in one direction
the war being waged right here right now is currency wars, that is where the vast sums of money is being won or lost, and rather quickly in comparison to historical moves
it's not like ben and his keynesian comprades don't know what's on the other side, ie, they had a reason for what they did, and ben orchastrated it such that it was done world wide, the greatest fear of a world wide depression was massive massive massive social unrest, riots in the streets world wide because folks could not get money from bankrupt banks
inflation deflation stimulation etc. etc. etc. etc. are all just words imho, we went from a world supporting 3 billion people to 6 billion people over 50 years based on two things, cheap energy and cheap credit, now it doesn't make any difference what the numbers are in total it's just an issue of profit too support the debt..........as long as there is some type of growth in total, real growth, u can always make a case for being able to support debt............yet, when time is up time is up
wars get fought for new wealth or too protect wealth, russia went into afgan to get to iran and iraqi oil, and thus in a simple 1,2,3 step they would in there minds own the world, they gambled that usa after vietnam would not want to get into another war, ie, social mood of american............regan won the war by cutting a deal with saudi's to cut oil from 20 to 10 bucks, hey good for us, and boom overnight russia ran out of money, oh they held on but they were toast in the end, and one can't forget for every nut job like hitler in history u get a charlie wilson, hate motivates, charlie wilson hated that those people were being slaughtered and no one was doing nothing, so he took on his own to do it, and he did it
bin laden's hate is for the reveng of 6 million muslims who were killed because we allowed russia to do what it did, it's all about revenge for bin laden, not the western way of life, he really is just a nut job with revenge on his brain
war, imho, is highly unlikely on any big scale, you need alot of money, and there just ain't alot to go around right now
the war is for the rich rich rich folks, who will eat that damned debt and how, world wide stimulus produced not so much, but it did in fact prevent world wide deprssion, now it's a slow grind chinese water torture for slow destruction of debt or fast, without cheap flowing credit, momentum in growth is almost impossible, and thus profits demish to pay the debt, where the currencies play the big factor, it's justr discounting of what things are worth and who will take there haircuts when and how bad, and what revenge factor you have to hold over the other parties head, fear that, ummm, i'll pay some of that debt, yet, too much i'll just kill ya because it's cheaper and potentially profitable
vietnam was about taking a stand on communisn, iraq....hussian had shit on international law for 12 years and bush hated we were attacked on his watch, and by god would have no more of it, plus both cheney and bush are oil men who believe in peak oil, wmd's roflmao, cheney's big fear which imho he believed, yet, the economics were pure gold, it would only cost 50 billion fighting with our new technologies, they just underestimated that hate motivates, for some insane reason iraqi's didn't like dieing and being invaded, no matter what the reason
the surge is more hate motivates, bottom line was iraqi's got sick and tired and hated dieing dieing dieing, while we were once the invaders, as time went on it became clear we really were not there to steal there women and oil and rape and blunder there whole country, we really did just want saddam, get in and get out and go home
in afganistan, well, it's like the hatfields and mccoys, just lot's of hate over several generations and thus belief systems are like iron and steel, it will not break, the hope is too bend it somehow so it will lean in one direction or it will continue unabated, it essence it is the poster child for civil unrest over generations, charlie wilson did not complete his war, he believed in the goodness of the afghans and wanted to fund minimal education and infrastructure projects, when this did not happen, the cyle and momentum fell back to the other side, with an oasis for some nut jobs
RE: Food Stamps http://articles.latimes.com/2010/jun/24/local/la-me-welfare-casinos-20100624
Yeah, Mr. Hendrix, I've got some questions on the "benefits" of "organic" food:
1. What do you have to say about this recent Stanford U and Carnegie Institute study?
Researchers at the Stanford University and Carnegie Institute have confirmed that high yield farming, by feeding the earth's population from less land, has prevented the release of as much as 600 billion tons of heat trapping carbon dioxide into the atmosphere. That's equal to as much as one third of all greenhouse gases realeased by human societies since the dawn of the Industrial Revolution in 1850.
So which is it going to be: modern technology and human well being or CO2 and starvation?
2. What about the actual science behind the "nutrition" claims of organic food?
Scientists in England just surveyed 162 articles of scientific literature over the past 50 years, and they found, according to Reuters, "no evidence that organic and conventional foods differ significantly in their nutrient content." Furthermore, the research in this area was extremely limited, with just 12 articles that directly addressed the health effects of organics.
Back to you.
The EURO buying support continues so far...
http://stockmarket618.wordpress.com
heeee's baaaaaack! the avatar is rather cool tho'
I don't know why you guys decided to say 'sane' and 'peter orszag' in the same sentence.
He's a fascist budget cutter.
He is the guy that put the death panels in.
Now we don't like destroying ourselves, but let's not say that the man who put fascist death panels and cost cutting commissions outside of congress, is not a man who leaves, should be rewarded on ZH as, 'And so, as any remaining voices of reason realize they are dealing with a group of deranged Keynesians"
C'mon zh, you can be against all the bs, but not be a fascist asshole like Peter 'I don't mind if everyone dies because the budget is more important than cancer screenings' Orszag.
Shame on ZH, but just this once, and surely a oversight.
But c'mon ZH, Peter Orszag is NOT the guy you want to listen to. He may not want to spend, spend, spend, but he also doesn't not want you to LIVE, LIVE, LIVE.
Don't believe me ZH, read his fascist works...in the form of industry white papers over the last decade.
Anyone that labels Orszag as reasonable, or sane, is by definition, insane. But again, over looking things happen. Now figure it out.
If Orszag was truly the "guardian of fiscal conservatism in the White House" we are well and truly fucked.
Here you go ZH, here's just a sampling of some of 'sane minded' Peter's good sane work
Confessions of Peter Orszag: Slash Social Securityhttp://www.larouchepac.com/node/10777
Orszag's 'QALY': Hitler's 'Lives Unworthy of Life'http://www.larouchepac.com/node/10450
LaRouche: Peter Orszag is a Moon-Atichttp://www.larouchepac.com/node/13358
Orszag Gloats: IMAB as Consequential for Health Care as Federal Reserve for Monetary Policyhttp://www.larouchepac.com/node/14006
Orszag Denied Fannie Mae Could Possibly Default; LaRouche Says, 'They Can't Forecast — Well, I Can!'http://www.larouchepac.com/node/14129
Just a very, very small sampling. Probably not even the most damming stuff.
It's funny so many idiots equate fat with overeating, or laziness.
Just goes to show you that even though you read ZH, you still hold onto lots of that bullshit you were taught growing up.
Maybe one should look in the mirror and besides pinch a few lbs, think about some of the other things they wholeheartedly believe and will make themselves look like Jerry Lewis in a movie supporting.
First off, people get fat many ways. Some indeed are lazy. Some are sort of lazy and it hits them, which is a bit unfair since the majority can be half as active and not gain ANY weight.
Then we have other factors like, money.
If you want to know why poor people are fat, maybe the following will let you understand
99 cent double cheeseburger
Dollar Value menus
Cheap Soda
etc
Now if you only have 3 dollars to spend for food, you ain't going to Ruth Chris' Steakhouse, or your local outback.
No, you won't get anything prepared well, you won't get anything that isn't ultra cheap.
Well the high calorie cheap foods are inexpensive.
Poor people buy........inexpensive food.
You say...but that's fast food. Well even in the supermarket you can pick up a $2-3 dollar red baron pizza on sale.
The fact is, if you food choices are constrained by money, then you have a more limited menu to eat from. That limited menu, is majority high fat content food.
You don't have the money for the high priced juices, or wines, or whatever, instead you get the 3 liter of soda for 99 cents at your local mexican supermarket.
I just love all these idiots who don't understand that if you have a buck, and your choices are beans or a mcdonalds hamburger, what the hell do you think people are going to do, idiots.
Or the people hating on poor people buying steaks. Was it on sale? Or was it the 12.99 cuts? Was it something maybe they saved up for by buying even cheaper stuff earlier in the month? Hey all you saw was a guy at the end of a month buying steak, and woo hoo you have to assume the rest. Even then, if you were 100 percent right, it's hardly worth your trouble to think about, or the gov't time to even attempt to fix. Seriously, crap like this doesn't mean crapola.
How many steaks does a bailout buy? Or each interest drop *when the market was dead*? I swear the biggest welfare recipients have been in the financial sector, trying to bark at people about food instead of placing that anger at the bankster assholes is amusing, and shows how idiotic people are.
Also, at this point, anyone pointing to any study done in britain, MUST go further. The brits have been fudging everything. If they'll lie about Global Warming, they very well could lie about organic food. (and I've never bought organic food in my life, just saying I won't blindly trust any study out of england for a very long time'...let's trust their livepool care pathway center.
Seriously guys, get your priorities straight. Getting mad at people that get food stamps is a little like praising the squid for a job well done. It just shouldn't happen.