This page has been archived and commenting is disabled.

Super Tuesday Committee Failure - So What?

ilene's picture





 

Super Tuesday Committee Failure - So What?

Courtesy of Phil of Phil's Stock World

The Super-Committee is dead

Long live the Debt!  In case you are voting in the next election - here are 12 people to get rid of.  Much as I may blame one party over another for this failure, they all deserve what's coming to them for A) Pretending they were going to accomplish something and B) For not now getting up and making very strong statements denouncing the corruption in politics that make it impossible for Congress to do the Nation's business anymore.  

In case you happen to be a Fox News viewer, I will try to keep this VERY simple because, as it turns out, we now have definitive studies that prove Fox News MAKES YOU STUPID.  Of course, it is possible that only stupid people watch Fox News but I know many people who think they are smart and watch Fox News so I have to blame Fox News here as do researchers at Farleigh Dickenson University who found "The results show us that there is something about watching Fox News that leads people to do worse on these questions than those who don’t watch any news at all."   As I can tell you from raising my own children to be good citizens:  

The biggest aid to answering correctly is The Daily Show with Jon Stewart, which leads to a 6-point decrease in identifying the protesters as Republicans, and a 12-point increase in the likelihood of giving the correct answer. "Jon Stewart has not spent a lot of time on some of these issues," said Cassino. "But the results show that when he does talk about something, his viewers pick up a lot more information than they would from other news sources."

Watching Fox News, by the way, led to an 18-point disadvantage (out of 53% of all respondents) in being able to answer questions like "Were Egyptians successful in overthrowing Hosni Mubarak" or "Has the Syrian uprising been successful" but that was a Fox viewer's area of expertise compared to having a clue of what is going on in American politics other than "Obama sucks."  Tied with Daily show viewers for best informed were NPR supporters but, sadly, only 21% of Americans get their news from NPR and only 18% from the Daily Show while 64% list Fox News as one of their frequent news sources.  

In another study, World Public Opinion, a project managed by the Program on International Policy Attitudes at the University of Maryland, conducted a survey of American voters that shows that Fox News viewers are significantly more misinformed than consumers of news from other sources. What’s more, the study shows that greater exposure to Fox News increases misinformation.

So the more you watch, the less you know. Or to be precise, the more you think you know that is actually false. This study corroborates a previous PIPA study that focused on the Iraq war with similar results. And there was an NBC/Wall Street Journal poll that demonstrated the break with reality on the part of Fox viewers with regard to health care. The body of evidence that Fox News is nothing but a propaganda machine dedicated to lies is growing by the day.

In eight of the nine questions below, Fox News placed first in the percentage of those who were misinformed (they placed second in the question on TARP). That’s a pretty high batting average for journalistic fraud. Here is a list of what Fox News viewers believe that just aint so:

  • 91 percent believe the stimulus legislation lost jobs
  • 72 percent believe the health reform law will increase the deficit
  • 72 percent believe the economy is getting worse
  • 60 percent believe climate change is not occurring
  • 49 percent believe income taxes have gone up
  • 63 percent believe the stimulus legislation did not include any tax cuts
  • 56 percent believe Obama initiated the GM/Chrysler bailout
  • 38 percent believe that most Republicans opposed TARP
  • 63 percent believe Obama was not born in the U.S. (or that it is unclear)

The conclusion is inescapable. Fox News is deliberately misinforming its viewers and it is doing so for a reason. Every issue above is one in which the Republican Party had a vested interest. The GOP benefited from the ignorance that Fox News helped to proliferate. The results were apparent in the 2010 elections as voters based their decisions on demonstrably false information fed to them by Fox News. 

OK, sorry Fox viewers, I will stop now but the reason I think it is important to point this out is that, if Fox is misinforming you about the political situation in this country - what makes you think you aren't being misinformed economically as well?  Ah, now you see my point (if you haven't been watching so much Fox that your brain has melted, of course) - not only does Conservative media warp your view of political reality and cause you to make poor voting decisions but that same misguided view of the World could also be causing you to make poor investing decisions as well - now do you care?  

What you BELIEVE about the economy, our Government, China, Europe, Congress, the jobs situation, taxation, etc. etc. matters A LOT in forming, not only your investing decisions but the decisions you make while you hold a trade - whether to stick with a position or panic out - for example.  

If you are not getting the best information from your news sources - then how can you expect your investing decisions to be accurate? Is it a mere coincidence that investors have lost Trillions of Dollars since Rupert Murdoch took over the Wall Street Journal?  My lawyers say I should conclude that maybe it is but - I'll report, you decide...

I think it's important to spend at least 25% of your time reading sources that totally disagree with you (and, for most of our Members, articles like this fill their quota!). Following my own advice, I end up watching a lot of Fox myself but, thankfully, because I also watch and read other sources - I can clearly see it for the BS it is.  Sadly, the same "quality" of information has been creeping into the WSJ as well - yet it is still the premier source of Financial Information in the World.  That's what Murdoch got for his $5Bn - CREDIBILITY.  It is interesting to note though, that NWS has already written off half of that goodwill after just 4 years - founded in 1889, that's a lot of credibility to burn through in just 4 years!  

I would never say don't read the WSJ - in fact, it's great to have both Fox News and the Journal to refer to because the investors who do use those sources (and haven't lost all their money yet) are EXTREMELY non-critical as a group and pretty much just react to whatever they are told by their "trusted" sources.  Much as the same way we watch Cramer so we can see where he is herding his sheeple so we can bet against them at the top. 

By all means use these "valuable" "news" sources - but PLEASE recognize them for what they are.    

Cutting through the noise and finding the true value of stocks, bonds, commodities etc. should be the ONLY concern of investors - not whether or not their political agenda is "winning" at any given time. Right now, we should all be concerned about the deteriorating Global Economic Outlook, highlighted by this morning's 20% drop in the US Q3 GDP Estimate (2nd), now 2%, down from 2.5% 

Leaving the MSM behind - rather than focus on the drop, let's focus on the up 2%.  Our economy, all $16,000,0000,000,0000 of it, is 2% bigger ($320Bn) than it was last year. "Wait a minute," a non-Fox viewer may say "doesn't that mean that, on average, Corporate America is doing BETTER this year?"

Now, you would need an NPR viewer to figure this out but the fact that our GDP is UP 2% and the S&P is flat - means that if you have companies that are underperforming the S&P and don't have particular special problems like MS (down 51%), THC (down 35%), GNW (down 55%), BK (down 40%), BTU (down 45%), WFR (down 62%), CNX (down 23%), JNPR (down 41%), SCHW (down 36%), AA (down 40%), GS (down 46%) and WHR (down 45%) - then perhaps there are some investing opportunities to be had here.  

WHR is a nice one, for example.  At $48.49, they are down over $30 since last Thanksgiving but, as far as I know, people still like to wash and dry their clothes using machines - it's not a fad!  WHR's sales have been steady for the past 3 years but their profits have improved substantially, dropping their p/e to 8 based on expected 2012 earnings of $6.32 per share.  You know, it's one thing to bet WHR isn't worth 15x earnings or 10x earnings but 8x is getting kind of silly, don't you think?  

Not only that, but we can hedge our entry into WHR further to cover an even bigger dip.  The company pays a $2 per share dividend, so we don't want to miss that but we can take advantage of the high VIX by selling the 2013 $45 calls for $10.20 and the 2014 $40 puts for $8.50 for a net entry of $29.79/34.90 so, if called away at $45, you make a 50% net profit PLUS the $2 dividend or, if WHR hits 2014 under $40, you run the risk of owning 2x your initial entry at net $34.90, which is 30% below the current price. 

Obviously, if you think WHR will go lower than $34.90 (and we can assume the S&P will drop a good 20% along with it to around 950 or lower) - then why would you be buying stocks in the first place?   But, if you were browsing the gun rack at WMT and didn't have the urge to buy a gross of automatic rounds to defend you bunker - then constructing trades like this with some of your sidelined cash could be a very wise move.  

When we combine hedged entries like this with additional hedges, like the EDZ spreads we took in Member Chat recently or the Dow spreads we'll be taking today if we can't hold 11,500 (our line for shorting the Futures, along with oil (/CL) at $97.50).  On the whole, we were bullish into yesterday's close because I felt that the GDP would be more or less in-line and, even if it isn't - we have the Fed Minutes later and the tea leaves should be able to be interpreted as bullish BECAUSE of the weak GDP report.  

The Fed MUST act - the consequences of not acting could be watching things go so bad that action will no longer be effective - that would not be rational and, in the end, most people act rationally, even politicians, but we don't blame them - they've been watching Fox....

 

Try out Phil's Stock World here >

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 11/23/2011 - 01:13 | Link to Comment gwar5
gwar5's picture

Ilene, you do some good work, so why do you trash yourself by attacking FOX?  Throw the lot out or leave it alone.

 

Here's a real study, done jointly by real researchers at real Universities, UCLA and University of Chicago, on media bias. FOX was far less deviated from the center than the usual  suspects: MSNBC, NPR, CBS, NBC, CNBC, ABC which are status quo socialist shills   A Measure of Media Bias

 

Factoid Tidbits for Ilene that she won't find at NPR or on Comedy channel with Jonny chain-smoker Stewart:

-- Phil Jones of East Anglia University, epicenter of AGW liars, even admitted they lied about AGW, and that there has been no warming seen since 1995 (so who's really stupid, biased or uninformed here, Ilene or Farliegh D. University?) And Jon Stewart didn't mention or skewer the liars -- so why not?

--Unexpectedly, viewers of MSM channels and NPR think Obama is doing a fantastic job and that socialism really really works

--Due to brazen censorship, non-FOX viewers have never even heard of Fast and Furious, the black panther billy-clubbers, Obama's ACORN child sex slavery gambit, or Rev Wright's $10 million noncollaterized trust account paid out yearly by the Chicago gangster bank run by Obama friend and Sen candidate, Giannoulius (?), which also, expectedly, got $100 million in TARP money.

-- And how come no Truther questions in the study? Enquiring minds want to know,  since 35% of registered democrats polled think Bush did the WTC. 

--NBC and NPR viewers don't know that Sarah Palin's church was firebombed, while people were inside on Dec 13th 2008, because it was censored by the Obama networks to keep people stupid.

-- Juries in NOLA found the D-Governor of the state was at fault for Katrina the deaths (not W) in wrongful death suits -- she failed to evacuate everybody per he plans

-- It was common knowledge in the MSM (ex-FOX) that John Edwards was banging the blonde wiccan for 9-12  months before the Naional Enquirer had to break the story. MSNBC's Larry O'Donnell admitted on air afterwards that the whole MSM knew all along -- MSNBC's Chuck Todd's wife was a paid op for the campaign -- and the MSM covered it up.  Gotta ask yourself, how can anyone trust neworks that openly admit inbreeding and censorship of the news.  Sean Hannity would have spilled the beans! The MSM's fraud cost thousands of Edward's donors millions of $$ by keeping them stupid and uninformed, as usual.

--MSM viewers apparently still do not know that the democrats were the slave owner party, and the white GOP guys were the abolitionists who died to free the slaves

--MSM viewers also apparently still do not know that democrats started the Vietnam War, the Korean War, WWI and WWII, and that little Civil War thing that got kicked off at Ft Sumter by Democrat Jefferson Davis of the Confederacy. (so they could keep their slaves). 

 

Conservatives earn 55% more college degrees than liberals do -- consistently true every year since 1955 when records were first kept (data from "Democrats and Republicans... Rhetoric and Reality" Joseph Fried, 2008).  That's why liberals need free food, housing, and welfare checks, it's ceraintly not because they're getting smarter watching Matt Lauer and "Truth-we-Much" Al Sharpton at MSNBC.  In fact, the education gap is so great that if dems could just keep up there would be no debt and social problems would be nil.  You'll never see the results of this book, which is a compilation of many many decades of studies, reported on by the MSM because it is embarrassing to them and they are the ones who want to keep people ignorant and dependent. 

 

 

Wed, 11/23/2011 - 00:48 | Link to Comment cdskiller
cdskiller's picture

Well, who cares about Fox News watchers? They are retards past help. The really troubling thing is what kind of reactionary idiocy is coming out of the people who read and post on zerohedge. I thought zerohedge made people smarter. Apparently, I was wrong. Tyler, we obviously have work to do, here.

That being said, TARP was defeated in the House first time around, mainly by Republicans. They caved the second time around when the bill was loaded with pork. Republicans love them some BBQ, baby.

Tue, 11/22/2011 - 23:00 | Link to Comment El Gordo
El Gordo's picture

Who decides what the right answer to the question is?  I don't watch any news at all on TV, yet according to you, I missed every question.  Maybe you should research the answers a little more objectively?  I would do that myself, but the truth is I really don't care.  Hope and change will save us all, right.  We just haven't spent enough money yet.

Tue, 11/22/2011 - 22:55 | Link to Comment FlyPaper
FlyPaper's picture

Sorry, Ilene, but this is a political puff piece.   To wit:

  • 72 percent believe the health reform law will increase the deficit:    ** Last article I saw indicated that the "D" party double-counted savings; and the "savings" included a major hit to doctors that was "moved off into the future" and has not, of course, been passed.  Without that, the HC reform bill adds to the deficit.  
  • 72 percent believe the economy is getting worse.   **  Let's see what Gallup said on 11/3/11: "Americans are nearly twice as likely to mention any economic issue, 76%, as any non-economic issue, 39%, as the nation's top problem"  (http://www.gallup.com/poll/150722/jobs-economy-remain-dominant-concerns-...)

So Ilene:  The economy is growing VERY slowly.  The use of the term "worse" is entirely subjective, so I'll use it that way also:     Compared to the past 2 decades it certainly is worse (meaning high unemployment and growth).   So as a non-Fox watcher, by my definition I'm in line with the "foxites."

76% of Americans are not Fox watchers, and the economy is #1 on their minds, so I'd say the Fox viewers are right in line with the majority of Americans polled by Gallup.

:+P


 

 

 


 

Tue, 11/22/2011 - 22:27 | Link to Comment surrational
surrational's picture

"Just tune into Zero Hedge daily and you will be straight."

Exactly, thanks ZH for providing the real skinny on the ponzi scheme we call a global economy. I haven't tuned into MSM except to get contrarian trading ideas for 10+ years.

Tue, 11/22/2011 - 22:25 | Link to Comment arby63
arby63's picture

That was a rather useless rant. All of the MSM sucks. Fox is actually "better" than many other choices--but I agree that it's best to avoid them ALL.

Tue, 11/22/2011 - 22:20 | Link to Comment reason_1
reason_1's picture

This article is a piece of horse crap. Maybe Ilene should consider that possibly Farleigh Dickson University is offering the same services as a Rutgers professor who will only provide data if the research supports the clients desired outcome.  And then to say that the viewers of Jon Stewart's "Daily Show" were the most informed - come on Ilene.

Tue, 11/22/2011 - 22:16 | Link to Comment dolly madison
dolly madison's picture

Fox News is the Republican propoganda, CNN is the war machine propaganda, and I presume that MSNBC is the Democrat propaganda, but I can't say for sure because my cable provider does not provide MSNBC.

Tue, 11/22/2011 - 23:14 | Link to Comment Casey Stengel
Casey Stengel's picture

You haven't missed a thing.

Tue, 11/22/2011 - 22:02 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Fox News is full of nutjobs, and so is MSNBC. Pick your channel and you'll find it populated, and to some extent viewed, by the brain dead.  As long as you maintain your own POV, you'll be fine and I'm confident the overwhelming majority of ZHers can tell when they are being lied to. 

Tue, 11/22/2011 - 21:57 | Link to Comment penisouraus erecti
penisouraus erecti's picture

Stupid. Fucking. Article. You should be ashamed.

Tue, 11/22/2011 - 22:34 | Link to Comment Melin
Melin's picture

I thought it was funny.  The writer(s) are using a tried, true, tedious and tired tactic.  It seems to come from a world that doesn't exist anymore.  I suppose there are still some who'd fall for it but I doubt the numbers are big.

Tue, 11/22/2011 - 21:44 | Link to Comment blunderdog
blunderdog's picture

No point in getting into the partisanshit, but the WSJ news department is "ok."  It's comparable to the NYT or the WaPo.

It's the EDITORIAL department that's fuckin' nuts. 

(Comparable to the NYT or the WaPo.)

Tue, 11/22/2011 - 21:39 | Link to Comment Westcoastliberal
Westcoastliberal's picture

Anyone who comes to the defense of Faux News has to either be a paid shill or an EXTREME dumbass.

This article confirms what many of us have suspected for a very long time.  And as far as John Stewart is concerned, while he is a comedian, if his show was your only news source you at least would know what's going on without the outright lies you'll constantly get on Fox.

Tue, 11/22/2011 - 22:32 | Link to Comment FreedomGuy
FreedomGuy's picture

You should document the outright lies. This article is stupid. I am not sure why it is even here. It is poorly reasoned and no sources that are identifiable.

Several of those questions are opinion questions. I could easily argue that TARP and various stimulus bills have actually extended the recession and cost jobs in the long or short run. Trump believed that Obama's birth records may have been fradulent.

This is modern liberal swill. I've watched all the news channels and Fox at least has opposing views on virtually all their shows and there is nothing you could document on the various lies that are supposedly propogated on Fox. Did Fox say that Iraq was involved in 9/11? Did Fox declare Obama's birth certificate a fraud?  IF the average viewer believes that is it because they watch Fox or they have other sources? I suspect they are on internet sites like everyone else. Most people in the USA believed that regardless of what channels they viewed. Many people believe Obama is a muslim but I have never seen or heard Fox or any other network declare that he is a muslim. What do the majority of CNN, ABC, NBC, MSNBC, etc. believe? I bet it would be very similar on many of the issues.

This article is really little more than a typical modern liberal rant. You simply assert something with little or no proof or reasoning.

Tue, 11/22/2011 - 22:54 | Link to Comment FMR Bankster
FMR Bankster's picture

Agree. Fox news is very accurate, Fox opinion shows (O'Reilly, Hannity,ect) are for the most part right wing opinion. I find 80% of people don't seem to understand that guys like Beck,Hannity, and the MSMBC people are NOT news shows but opinion. There's room for both. And by the way, people believe OBama's policies have NOT led to a better economy because they are correct. When I read an article like this I'm reminded that people say things to piss off the other side. During the 2004 election 36% of Democrats were polled as believing Bush either planned and carried out 9-11 or knew about it in advance. Shit you could get a third of the public to say Obama's a space alien today if they thought it would help remove his sorry ass from office.

Tue, 11/22/2011 - 21:30 | Link to Comment El Oregonian
El Oregonian's picture

Shame on you who puts ideology before Country. Face it, if your here to espouse social/political preferences over financial prowess maybe this is not the site for you. Unfortunately, it seems that progressive political creep has overtaken many topics with many shills/trolls/operatives interjecting with coordinated efforts designed to try and sway debate to one side.

Let's concentrate on the financial fundamentals and leave the political gutter-sniping for other forums more tailored to viewer preference bashing. It is tolerable for the peanut gallery to pipe-in with their viewpoints. It's quite another when guest writers stain the readers with agenda-driven personal viewpoints and belittling people with snide remarks who might have a different viewpoint.

As a result, I will not waste my time reading anything from this person, again.

Tue, 11/22/2011 - 22:02 | Link to Comment Landrew
Landrew's picture

You really shouldn't read something you wouldn't understand anyway. Fox, that's perfect for you.

Tue, 11/22/2011 - 21:07 | Link to Comment in4mayshun
in4mayshun's picture

OMG! Ilene....that'll be the last article of yours' I read.

Tue, 11/22/2011 - 22:03 | Link to Comment Landrew
Landrew's picture

You wouldn't understand what was written anyway.

Tue, 11/22/2011 - 21:49 | Link to Comment penisouraus erecti
penisouraus erecti's picture

What took you so long to get it? But she uses such irrefutable sources of information..........

Tue, 11/22/2011 - 22:05 | Link to Comment Landrew
Landrew's picture

It's so hard to read facts. You just don't get the facts from Fox. Do yourself a favor and do a small amount of checking and you will see for yourself.

Tue, 11/22/2011 - 23:32 | Link to Comment Inspector Bird
Inspector Bird's picture

I don't watch TV news.

Mainly because they all suck.

Ilene's a moron, too.

I could say you are too.  So I will.

 

You really are a moron.  So is Ilene.

Frankly, I've watched all TV news.  They all make you stupid.  You have to be an idiot to think you'll learn something from any of them.  Understand them?  Christ, most of them barely speak passable English.  Logic is beyond their capacity.

Tue, 11/22/2011 - 22:07 | Link to Comment penisouraus erecti
penisouraus erecti's picture

Excellent point, you should start doing that.

Tue, 11/22/2011 - 20:59 | Link to Comment Everybodys All ...
Everybodys All American's picture

ilene left ... Jon Stewart is a fucking comedian.

The Fed MUST act - will the consequences of not acting could be watching things go so bad that action no longer be effective - that would not be rational and, in the end, most people act rationally, even politicians, but we don't blame them - they've been watching Fox....

how has there act been working? F the Fed and thanks for wasting my time with your partisan bs.

Tue, 11/22/2011 - 20:53 | Link to Comment blueridgeviews
blueridgeviews's picture

Phil,

 

Ronald Reagan once said "the problem with Democrats is they know so much that isn't true."His words speak to you.

as to 91%:  read what the House ways and means has to say as of JAN 11" regarding the stimulus.  http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CDcQ...

as to 72%: Gov't has no motivation to reduce costs and become streamlined. It is perfectly logical to thus state what the private sector does for a $1 the Gov't will spend at least $3. We apparently can't afford what the private sector is providing. How again is the Gov't program not going to add to the financial burden of every working/tax paying person in the form of either a tax increase or a deficit increase?

 

Your first two points are shot to h_ll and one has to wonder about your ability to research and deduce. You are clearly not intellectually honest and you obviously have some bias to Fox News. Working for Corzine Phil?

Tue, 11/22/2011 - 22:03 | Link to Comment El Yunque
El Yunque's picture

I'll let you in on a little secret. My father has run his own business since 1966. in 1973 he began doing government work almost exclusively at the local state and federal level. I ran his numbers not long ago for his most profitable years and analyzd the reasons why.

During conservative power adminstrations, particularly after 1980, he more than doubled the amount of profit he could earn on things like sewage treatment plants, water treatment plants, Air Force work, Department of the Interior, etc. This work is put out for sealed bid solicitation. Lowest qualified bid is awarded the work. There has been a simple corellation here: Many step out of public sector bidding during conservative power cycles because they think the well dries up. The work still has to be done. Less players, higher bids. He makes out like a bandit, and votes republican religiously for obvious reasons.

Now, taken a step beyond that, 135,000 new private contractors and companies have been given life since 2001 in the rush to buy that private sector work. Outsourcing the same jobs once held by public employees to private companies, then moving that employee under that private umbrella, making the same flat government wage, with less healthcare and benefits, but a profit curve built in, that makes that 1 to 3 bucks turn into about 6 to 3.

The government has no motive to profit, but demands higher quality than Walmart can deliver. Explosion proof outlets are expensive, and B-52 fuel maintenance hangars have very complex requirements, thus running government likes it's a business has not only led to a huge black hole of disappearing money, Reagans destruction of government agencies purchasing power structure and command hiarchy in the eighties is something they still haven't recovered from. Agencies and now spending huge sums of money, one credit card limit at a time to hold outdated infrastracture together with expensive bandaids, instead of one time replacement. Death by a thousand cuts. I once worked with a private employee at Bechtal Labs that had occupied the same job there, through seven different contractors. That is common.

The nepotism at the top extends in all directions, but the right side has tentacles to far regions.

Take a look at the DHS monster some time, and track the connections between that 135,000 list, national security, and defense business and ask yourself why David Stockman coined the "Strategic Deficit," Reagan's gang cut taxes, and we ended up blowing 10 trillion dollars between 2001 and 2008, then added another five in three, we borrowed our way through two wars, cut high end taxes, and the 99 percent is really fucking pissed off.

This Democrat knows this much: Putting autcratic business leaders in charge of a democratic republic is a bad fucking idea. Since democrats obviously know exactly shit about business, (for the most part, unless willing to sell their souls of inclusion - see fucktard, Corzine, John), democrats should be running government and republicans should be running business, and the two should meet every now and then and work this shit out. Used to be, many of us knew how this shit works. Fox has obviously fucked us here, but I think the loser is ultimately the world the right envisioned: You can't really give every fucking one of your supporters a sweet DHS contract if no one is going to pay taxes, nor even entertain the idea. Zero sum game?

We live in a country of 310 million people with about 1000 folks piling up a fifteen trillion dollar mole hill.

BoFA just moved that fucking monster derivatives pile that sure as hell cast a shadow on fifteen trillion; one bank. Business is sitting on a couple of trillion in cash (more debt, I know).

I made wages from the stimulus, and recovery dollars have been getting spent all over the country, not transfered to China. The problem? It wasn't fucking big enough.

Three problems explain much of it. Gramm Biliey Leach, outlawing derivatives regulation, and pretending government functions like a gun sitting on a table. It ain't dangerous until some idiot picks it up and uses it. Government is a collection of people.

It's now stock full of conservatives moving to the right and right into the nuthouse, and pseudo-liberals moving to the right to get elected by a few of the Fox News demographic that might have pulled their heads out of their asses for long enough to learn something and vote accordingly.

None of this shit will work if democrats know so much that isn't true, and conservatives know exactly shit about anything.

In case you handed noticed, nobody is talking about the obvious in this global goddamn debacle going on here: Taxes.

If nobody is going to pay the fucking things, we may as well wrap this shit up now. Because it's fairly fucking obvious that debt based business and government operation with no fucking revenue stream is fucking loser. A lack of government motivation to streamline is kind of a line of bullshit, if your favorite political party is tasked with "streamling," no?

Particularly when you cut taxes, pay more for the "streamling," strategically borrow, and lie to the American public about what the fuck you're doing and why.

Corzine took advantage of the meme of self regulation and oversight, like any human being can actually do that without needing a guy hanging on a cross to absolve him of being a bonehead.

And the world wrings their hands wondering what the fuck is going to blow up next.

Jesus we're stupid.

Huzaa

Tue, 11/22/2011 - 22:07 | Link to Comment swmnguy
swmnguy's picture

+1.  Excellent post.

Good luck on this thread, though.

Tue, 11/22/2011 - 22:45 | Link to Comment El Yunque
El Yunque's picture

Thanks, it's just a rant from the dumbest fucker here. I own nothing but a pickup, a twenty foot car trailer, and a shitload of tools.

I cut up my credit cards in 2004, used my TV for target practice in 2001 one drunk night with one Ruger .300 at 250 yards, and predicted this stupid shit in 1999 when Bill Fucking Clinton signed that travesty of law, Gramm Bliley Leach.

I've been following Phil Gramm since the eighties, and he is a world class piece of ignorant shit. Banks need to be fucking put back in a titanium box, as they suck at economies and wealth generation. Bill Clinton grew the middle class right out the top with fucking gimics, only for us all to fall back to earth and into this huge fucking hole we've been digging since 1999.

The rich could have got fiflthy stinking rich outside of electronic zeros if not for that goddamn law. But nothing has changed since 2008 when we elected a "socialist" who is actually a capitalist; you don't drink beer in Chicago without running into a Friedmanite. "You can't do good with other people's money?" Yep. What good is one more fucking 70 million dollar gravitational anomoly called the Osprey? Build shit that mortals can't fly and other things you blow up, employ the entire country doing that shit and call it a sustainable economy. Fucking brilliant.

The right is pissed off because Barry is as good a fucking us as they ever dreamed of. I will vote for him again, as the real mayhem takes place in the US House of Reprefuckingsentatives. 68? of those fuckers took 5k or more from the Koch Brothers (turds all) and sit on their asses with their arms folded in front of them wating to be voted out of a public job, and take a new office on K street. Fuck them all.

Nice fucking operation for the 1 percent. Fuck the rest of us.

All I wanted to do was pay my goddamn bills and take a trip to Cozumel every ten years or so. They fucked me out of that, not to mention every fucking redneck I know that sits in front of Fox for six hours a night, and think they know more about finance and economics from Youtube than the people that actually learned the shit. They hate the president because he's a socialist? On what fucking planet.

I could use the luck, but what fucking good is it going to do me when I'm storming Trump Tower with a torch and a pitchfork?

I do appreciate the sentiment, but I need a miracle.

Thanks again.

Huzaa

Tue, 11/22/2011 - 21:01 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Just a little FYI, Ronald Reagan used to be a Democrat, just a friendly heads up.

Tue, 11/22/2011 - 21:53 | Link to Comment El Oregonian
El Oregonian's picture

Yes he was, but eventually he figured it out.

Tue, 11/22/2011 - 21:38 | Link to Comment blueridgeviews
blueridgeviews's picture

You are correct. It was his invlovement in the Actor's Studio Union back in the 40's that opened his eyes to the corruption and ultimately changed his direction in life.

Tue, 11/22/2011 - 21:16 | Link to Comment Moe Howard
Moe Howard's picture

Reformed Communists are worse than Reformed Smokers. Or you really know the enemy when you used to be one.

Tue, 11/22/2011 - 20:30 | Link to Comment max2205
max2205's picture

ABC Nightly News = Entertainment Tonight or GMA at the most. God I cant watch any live news. Just read people or push the mute button.

Tue, 11/22/2011 - 20:28 | Link to Comment Absalon
Absalon's picture

Jesus - we have birthers among us.  How moronic can you guys get.

Tue, 11/22/2011 - 21:09 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Here is a good start too..

"27, 2011, Barack Obama released to the nation yet another computer-manipulated image that he proclaimed was the document that, previously, the American people were told could not be obtained, while he also directed a veritable fortune to be spent to keep from revealing it. Once again, forensic document experts weighed in on the authenticity of that image, and handily dismissed it as a forgery as well. The release of that image also produced another valid question. If that were the "real" birth certificate, why would he have fought so expensively to obfuscate it, since there was little additional information included on it that the first image lacked?

Very possibly, the reason that the obvious forgeries were foisted on the American people was to keep public discourse away from the constitutional issue that plagues Barack Obama—that, according to the historic definition of "natural born Citizen," he is not constitutionally eligible to be president because his father was never a citizen of the United States, let alone at the time that Obama, Jr. was born.

To the repeated demands of the people over this constitutional calamity, and the subsequent crimes committed to veil the truth, our leaders in Washington have responded with outright deception, and continue to provide cover in an attempt designed to prevent any action on their parts to uphold their oaths of office to support and defend the Constitution."

Full story Source:

http://www.concordmonitor.com/article/293101/birther-challenges-obama?CSAuthResp=1322010400%3Atdg8iei9qa2skjn916a6oc2ta6%3ACSUserId%7CCSGroupId%3Aapproved%3AA43218D88DF4959066B41784BF94190F&CSUserId=94&CSGroupId=1

Tue, 11/22/2011 - 21:41 | Link to Comment blueridgeviews
blueridgeviews's picture

The only thing we really know for sure is Obuma is the child of Communist parents and he's made a bad situation in the US worse.

 

Tue, 11/22/2011 - 23:40 | Link to Comment El Yunque
El Yunque's picture

He's retained about 75% of what Shrub put in place; what's that tell ya?

Barry is a free market capitalist. Count how many draconian financial regulations the man has pined for.

Not many, and even less that the fucktards in the House have sent to committee and actually turned into something that would make Corzine sweat as law, or an attempt to get some hard working BTerminal clone to stop and think for a minute where he stood in a roll on index speculation.

Until someone finds a way to a set of rules that keeps GS from playing all sides of wealth, everyone on this forum might as well buy MRE's, as it matches up exactly with how much time you spend getting a boner for a little tyrant like Ron Paul, thinking one man is responsible for all this mayhem. It took a village, and the village is run by fucktards with more connections to other fucktards with gold, than anyone here will ever actually buy at a discount.

I'm a child of a Phd and a guy that still does calculus on a legal pad without a calculator, and I'm the dumbest fucker here, as far as I can tell.

Who gives a shit who his parents were? If Barry is a communist, I'm Sarah Palin. Though she may actually have more brains than I do, as she makes millions more than I ever have.

I would say the bad situation being worse, ain't worse, as we could all be fucking nailed to the floor right now, but we're not.

I saw someone explain it the other day quite clearly: Imagine A GS puppet master - on his right hand is the current flavor of the week GOPher sock puppet, on his left hand, Barry sock puppet, both hands talking to the head.

Our world belongs to the head one percentile. As far as I can tell, there ain't a person here in that one percentile, otherwise they wouldn't be hanging out here.

Operating sock puppets with both hands makes bitching about being filthy stinking rich a keyboardamatical improbability.

I'ved typed with sock puppets on, it's difficult, and it's hard on the puppets.

Can you list on one puppet how the man made it worse? It's bigger than the hoops dude, dude.

 

Tue, 11/22/2011 - 21:01 | Link to Comment in4mayshun
in4mayshun's picture

Uh, I dont think so...try getting some information from somewhere other than MSNBC. You can start by reading the book, "Where's the Birth Certificate?" by Dr. Jerome Corsi

Wed, 11/23/2011 - 00:20 | Link to Comment El Yunque
El Yunque's picture

Have you ever even considered the fact that a whole shitload of agencies interview everyone you've ever known to carry the nuclear footbal? The U.S. doesn't just sit any Orly in the Shithouse, some of these folks take the post pretty fucking seriouosly.

I used to go into the green ring at Lawrence Livermore Labs on a regular basis. If you take a big shit while you're there, with an armed guard present I might add, your weight change locks you in a mantrap, and your body cavities are never the same again. And I'm a peasant.

And you have a few hundred nice litle conservatives in DC that foam at the mouth at the prospect the Barry ain't Ameri-can.

And he just walked into the office being a (fill in the blank)?

This is a diversion to take you off the scent of the real criminals here.

Playing you like a fiddle.

BTW, I don't watch TV news at all, period, including John Stewart. Been clean since two-thousand-and-motherfucking-one.

I'm a card carrying member of the Waffle House demographic, and you guys are a dime a dozen. Watch the magic of the box being cut in half, wondering how the toes still wiggle.

Lose the Orly and watch what the man really does. You won't find it in a Corsi medicine wagon. 

Tue, 11/22/2011 - 22:04 | Link to Comment swmnguy
swmnguy's picture

Jerome Corsi?  Wow.  Just...wow.  He's a poor man's David Horowitz.

There are all kinds of reasons to despise Obama.  I've got plenty.  Try reading the Home Page of this website.  But Jerome Corsi will put his name on anything for money.  He's absolutely shameless.  He's already sacrificed the entirety of his reputation for think-tank money.  Reading whatever he's selling at the moment makes you dumber and more poorly informed.

Tue, 11/22/2011 - 20:54 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Just tune into Zero Hedge daily and you will be straight.

I do agree, my father watches Faux News and he thinks we killed Bin Laden in a SEAL raid.. go figure? If it was a SEAL raid, you would have never heard about it, that's why they are called "Clandestine" Duhh. They (SEAL Team 6) were all convieniently killed off in another episode of Faux News so now there are no witnesses to interview even if that was possible which it is not.

All MSM are reading from the same script, some worse than others, but  all the same owners. The Stupid Commitee of 12 was assembled to ensure failure, less political resistance.

 

I watch CNBC religiously for financial advise, but now I'm so broke I can't afford my cable bill. <sarc> Damn Netflix! Didn't see that one comming from CNBC, but I did through ZH.

Tue, 11/22/2011 - 20:25 | Link to Comment Moe Howard
Moe Howard's picture

NPR had a wonderful interview with a OWS "leader" who just got a job working for the "man" at a media company overlooking the OWS, he still was a "leader" and said how wonderful OWS was because the Democrat party couldn't get anyone to talk about wage disparity until OWS now it was on all the Sunday talk shows so isn't that great. I seem to remember East Bloc countries from my mispent military youth in Berlin that didn't have that awful wage disparity, there I was, a Corporal with a junk car, and the East German engineer admired my "sports model car" and was trying to sell me antique opera dresses so that he could purchase a smoked pork chop. When that freakin' idiot new marketing employee gets what he wants he will be eating sawdust cut with bacon grease and be happy to have cardboard to fill the hole in the sole of his shoes.

We have some very stupid people in this country that can't even understand what happened behind the Iron Curtain 20 years ago.

Some were more equal than others over there, but the 99% had nothing.

Tue, 11/22/2011 - 21:05 | Link to Comment blueridgeviews
blueridgeviews's picture

Amen to that Howard! I guess it has to do with these students who were born after the wall came down. Lech Walesa was the leader back then trying to get the socialist gov't to pay fair wages. I am appalled that any opf that can be forgotten or not learned.

I guess there's a testsament to our public schools.

A great movie to get a feel for East Germany back in the 80's is "The lives of others" It has subtitles but within 5 minutes you are glued.

Tue, 11/22/2011 - 21:13 | Link to Comment Moe Howard
Moe Howard's picture

Exactly, good movie too.

It all became clear to me when I saw on East German TV a rainy Mayday, the working stiffs marched past Fearless Leader, they had all extended the right arm in a Nazi salute except the hand was clenched in a fist instead of a stiff hand.

I still feel really sad about the dude I saw one dawn hanging from a tree in the center of the road, he had made a hot air balloon, floated over the wall, and smashed into the skyscraper on the Kudam and got killed. He landed in the tree on the free side, but he was dead.

How many of these OWS kids willing to float a balloon to Venz. or Cuba? I'll supply the plastic sheet and glue if they promise to go to where the wages are level.

Tue, 11/22/2011 - 19:49 | Link to Comment Shell Game
Shell Game's picture

What fucking nit-wit watches ANY mainstream media for their information?  Further, what fucktard actually thinks some networks are balanced while others are not?  We now know that fucktard is Ilene and Phil.  Schmucks.

Tue, 11/22/2011 - 19:49 | Link to Comment New_Meat
New_Meat's picture

so does ilene propose all of these strawmen to generate responses that then can be used to smoothe out "her" clients' "concerns" as world events eventuate?

- Ned

{can't figure out any other, but, well, I'm just a tiny little piglet ;-) }

Tue, 11/22/2011 - 19:37 | Link to Comment tony bonn
tony bonn's picture

foxnews is a mouthpiece of the bush-cia special interest group within the rockefeller-rothschild-yale-cia axis of evil....

expect bush sibling rick perry to be annointed next asswipe with a huge push from foxnews

Tue, 11/22/2011 - 21:10 | Link to Comment Taint Boil
Taint Boil's picture

Fox News is the worst. I can’t stand all the yelling and screaming and anytime someone says something intelligent - the person is cut off immediately. They repeat over and over that they are “fair and balanced” until the sheeple believe it. All you need to do is search YouTube for Fox News bias or Hannity / O’Reilly with the word asshole. There is no way those two assholes believe their own words ….. No way – I don’t believe it

 

I use to watch Fox News - Not anymore, no TV [MSM] at all

Tue, 11/22/2011 - 21:43 | Link to Comment dolph9
dolph9's picture

I agree completely.  Fox News is utter trash, it's shit.  The other networks used to be a bit better, but no longer.

Fox News is used to keep middle American white Christian sheeple in line, throwing them a bone to keep them believing in what is obviously a failing system.  The standards are low, the reporting is terrible.  It's really sad and pathetic to watch.

Not as if the rest of the MSM is any better, they just mouth platitudes about welfare spending and giving more money to blacks.  There is no good mainstream network left.  The nation's best reporter is a fucking comedian, which says it all.

Do NOT follow this link or you will be banned from the site!