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Economic Report Card - Fail

Tyler Durden's picture


From Jim Quinn of The Burning Platform

Economic Report Card - Fail

We are now three and one half years into Barack Obama’s presidency. I thought a few pertinent charts would help us assess the success of his economic policies. Upon his election he demanded an $800 billion stimulus package in order to keep the unemployment rate from surpassing 8%. The $800 billion was to be spent over two years we were told and then government spending would be scaled back to pre-stimulus levels. There were 145 million Americans employed when Obama was elected. There are 9 million more working age Americans today than there were in 2008. There are now 142.4 million employed Americans. So, we’ve added 9 million potential workers and still have 2.6 less Americans employed. We have the same number of Americans employed as we did in early 2006, when there were 17 million less working age Americans.

The Obama stimulus plan was passed with everything he wanted. Democrats controlled the House and Senate and gave him exactly what he proposed. By October 2009, the unemployment rate was 10%. Obama’s stimulus package and economic policies have been so successful that he has been able to get the unemployment rate all the way down to 8.2% after three and one half years, even though he said his stimulus package would keep the unemployment rate under 8%. And all it took to get the unemployment rate down to 8.2% was for 8 MILLION Americans to leave the labor force. A critical thinking person who doesn’t swallow the crap peddled by the BLS and the rest of the government propaganda machine might question WHY 8 million Americans would leave the workforce when people desperately need income. If the labor participation rate had stayed constant, the current unemployment rate is 10.9%.


The long-term chart below tells the true story. The BLS classifying millions as not in the labor force is a crock. The Obama apologists and sycophants peddle a false storyline about Baby Boomers retiring as the cause for this labor force decline. The fact is people over the age of 55 have the highest participation rate in history and it continues to rise. Of the 142.4 million employed Americans, only 114 million works more than 35 hours per week, with 28.4 million working part-time. That means that 20% of those employed are part time workers with no benefits. In 2008, prior to the ascendency of Obama, there were 125 million full-time workers and 20 million part-time workers. Obama has been able to increase the percentage of part-time workers from 14% to 20% in just over 3 years. Remember this fact when Obama touts the 3 million new jobs he’s created since 2010.

If you were wondering what the 8.5 million Americans who have left the labor force since 2008 were doing, look no further than the millions of bedrooms now functioning as classrooms for the University of Phoenix and the other on-line, for profit diploma mills that have proliferated with the doling out of hundreds of billions in cheap government student loans. These for profit diploma mills know how to game the system and get their money even if the students drop out after a few months. They educate 12% of students, receive 25% of federal student aid and account for nearly 50% of loan defaults. Sounds like a great business model.

Low interest Federal government loans have skyrocketed from $100 billion when Obama took office to $450 billion today. Total student loan debt has surpassed $1 trillion, with the average student graduating with $25,000 of debt and many more burdened with $100,000 or more of debt. Those part-time jobs making lattes at Starbucks aren’t cutting it. Default rates are already at a ten year high and are poised to skyrocket as more people graduate into a jobless job market. Not only is the American taxpayer on the hook for the $450 billion of direct Federal student loans, but the Federal government is guaranteeing another $450 billion. When the student loan bubble pops, the taxpayer financed bailout will be epic. And this is all being engineered by the Obama administration in order to artificially reduce the unemployment rate. Does this graph remind you of another bubble that resulted in a few problems for the American taxpayer?

After three and a half years, Obama’s policies have led to 11 million less full-time workers and 8 million more part-time workers – just like he drew it up on the board when he committed $800 billion of your tax dollars to saving our economy through classic Keynesianism. Obama declared the stimulus would be a two year jolt to get our economy back on track. Federal government spending was $2.7 trillion in 2006, $2.7 trillion in 2007 and $3.0 trillion in 2008, the last three years of Bush’s administration. If spending stayed on a standard trajectory, it would have been $3.1 trillion in 2009, $3.2 trillion in 2010, $3.3 trillion in 2011 and $3.4 trillion in 2012. With the end of the Iraq occupation in 2010, it should have dropped by $200 billion, resulting in total spending of $3.1 trillion in 2011 and $3.2 trillion in 2012.

Obama declared the stimulus would be short-term. Federal government spending should have risen to $3.5 trillion in 2009, $3.6 trillion in 2010 ($300 billion stimulus – $200 billion Iraq withdrawal), and then revert back to $3.3 trillion in 2011 and $3.4 trillion in 2012. Let’s see whether Obama was honest in his promises:

Federal Government Spending

2009 – $3.5 trillion

2010 – $3.5 trillion

2011 – $3.6 trillion

2012 – $3.8 trillion

After three and one half years of stimulus spending, Cash for Clunkers, Home Buyer Tax Credits, mortgage modification programs, Fannie, Freddie & FHA accumulating billions in bank losses, zero interest rates, QE1, QE2, Operation Twist, unlimited student loans, wars of choice in the Middle East, mark to fantasy accounting standards for Wall Street, and hundreds of billions in bonuses for criminal bankers, we are left with a $5.3 trillion (50% increase) higher national debt and a $300 billion (2.3% increase) higher real GDP. That’s not exactly a big bang for your Keynesian buck. The response you will get from the Obama apologists is, “Imagine how bad it would have been if we didn’t spend the money”. This is a classic liberal response when their solutions are a total failure. Krugman will declare that if we had only spent another $2 trillion all would be well.

As you can see, Obama and all the politicians in Washington DC are really good at spending your money on pork projects, paying off campaign contributors and compensating their corporate cronies. Do you see any reversion back to normalized spending? How can current spending be $300 billion higher than the two stimulus years if Obama was telling the truth in 2009? The Obamanistas declare we are still in an emergency and must borrow and spend to save the economy. The emergency never ends for politicians of both parties. This is how they have bastardized John Maynard Keynes’ theory. They love to implement spending when the economy is in the dumper, but they forget his admonition to pay down debt during the good times. It never happens. There will always be another emergency. Even 2nd grade level Sesame Street fans can see the Federal government spending and debt accumulation never reverses. It couldn’t be any more obvious, unless you are an intellectually dishonest Keynesian ideologue hack (aka Krugman).

This brings us to the crowning economic achievement of the Obama administration. His most successful program is unequivocally the SNAP food stamp program. When Obama assumed power in January 2009 there were 32 million Americans on food stamps and the annual cost of the program was $44 billion. Today there are 46 million Americans on food stamps and the annual cost is pacing at $75 billion. He has been able to get fully 15% of the U.S. population enrolled in this fantastic program and the Department of Agriculture is even running advertisements to convince more people to join.

And don’t worry about any restrictions. You can buy as much soda, ice cream, cheetos, and fudge brownies with your SNAP card as you choose. Of course, you are still free to purchase higher end fare.

A cynical less trusting soul than me might even conclude that Obama’s goal is to provide government entitlements to as many people as possible in order to win votes in the upcoming election. One might ask how he can tout an economic recovery and the millions of “new” jobs he has created since 2010, when 6 million people have been added to the food stamp rolls since his economic recovery officially began in 2010. I’m confused by the Obama distinction between success and utter failure.

Not far behind the food stamp program, the SSDI program has been another resounding Obama success. He has been able to enroll twice as many participants in this program as jobs created since the end of the recession. There are already 10 million people on SSDI costing the American taxpayer in excess of $150 billion per year. There are 250,000 people per month applying for benefits and the program will be broke by 2015. In a shocking development, when people began to roll off the 99 week unemployment gravy train, the number of new SSDI applications soared. I guess they were depressed at not being able to collect unemployment for two more years.

Bob Adelman recently summed up the SSDI scam:

“The program, funded federally but administered by the states, is being milked by many who have run out of unemployment benefits and other resources and haven’t been able to find work. At present one out of every eight working-age, non-retired individuals receive disability payments, some for “mental disorders” and “back pain.” Claims for mental disorders, for instance, have more than tripled from 10 percent of cases in 1982 to 32.8 percent in 2012, with half of those based on “mood disorders” such as depression or anxiety. Back or neck “problems” have increased by 31 percent and were the top cause of disability for 50- to 64-year olds. Depression and anxiety and other emotional problems increased by 20 percent, and now constitute one-third of all disability claims. Once on the rolls, beneficiaries have little incentive to return to work because their disability entitles them to additional benefits such as food stamps, Medicaid, Section 8 housing, and student-loan forgiveness. As a result less than one half of one percent of those on disability ever go back to work.”

I’m depressed by the results of Obama’s economic policies. Maybe I should apply for SSDI.

It appears that former college professor Obama never paid attention in his macroeconomics undergraduate course. The “guns versus butter model” doesn’t enter the equation for a profound thinker like Barack. Why do hard choices need to be made when Ben Bernanke is manning the printing press? In the real world, a nation has to choose between two options when spending its finite resources. It can buy either guns (invest in defense/military) or butter (invest in production of goods), or a combination of both. This can be seen as an analogy for choices between defense and civilian spending in more complex economies. Politicians and bankers have been ignoring this rational model since 1971 when Nixon closed the gold window. Why make difficult choices when you can borrow and print your way to prosperity? As a country we’ve chosen guns, butter, BMWs, McMansions, free unfunded healthcare, unfunded pensions, unfunded sickcare, and DHS implemented security for all. In order to prove himself tougher than George W., Obama, the socialist, has actually increased war spending by 23% to an all-time high. Fiat currency is an amazing invention. Guns, butter and healthcare for all.

Mainstream media liberals like Ezra Klein dutifully trot out charts and storylines trying to convince the ignorant masses that Obama is not to blame for the soaring national debt. They declare it was the Bush tax cuts and his wars. This blame Bush storyline is growing old as Obama has already extended the Bush tax cuts once, ramped up wars in the Middle East and cut payroll taxes for the last two years. The Office of Management and Budget has calculated the total increase in the national debt will be $7.8 trillion after eight years of Obama, 269% more than was accumulated during the Bush reign of error. I believe the $7.8 trillion is ridiculously optimistic. The national debt has increased by $5.3 trillion since Obama took office. It will go up another $200 billion by the end of this fiscal year. It will surely exceed $1 trillion per year during a 2nd Obama term as he would extend most of the Bush tax cuts, extend the payroll tax cuts, continue to increase war spending, and the hidden delayed Obamacare costs would arrive. His eight year report card will show a $9.5 trillion increase in the national debt, reaching the magic grand total of $20 trillion. The national debt to GDP ratio will be close to 120%.

This scathing assessment of Obama’s economic policies is by no means an endorsement of Mitt Romney or his economic plan, since he has never provided a detailed economic plan. After four years of a Romney presidency, the national debt will also be $20 trillion as his war with Iran and handouts to his Wall Street brethren replace Obama’s food stamps and entitlement pork. There was only one presidential candidate whose proposals would have placed this country back on a sustainable path. The plutocracy controlled corporate mainstream media did their part in ignoring and then scorning Ron Paul during his truth telling campaign. The plutocracy wants to retain their wealth and power, while the willfully ignorant masses don’t want to think. The words of Ron Paul sum up what will occur over the coming years as the interchangeable pieces of this corporate fascist farce drive the country to ruin:

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”

“A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.”

“Believe me, the next step is a currency crisis because there will be a rejection of the dollar, the rejection of the dollar is a big, big event, and then your personal liberties are going to be severely threatened.”


The politicians, bankers and corporate titans running this country are too corrupt and cowardly to reverse the course on our path to destruction. The debt will continue to accumulate until our Minsky Moment. At that point the U.S. dollar will be rejected and chaos will reign. The Great American Empire will be no more. At that time sides will need to be chosen and blood will begin to spill. Decades of bad decisions, corruption, cowardice, ignorance, greed and sloth will come to a head. The verdict of history will not be kind to the once great American Empire.


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Sun, 07/08/2012 - 23:19 | 2597736 DavidPierre
DavidPierre's picture

SmokeyQuinn’s 9/11 Report CardFAIL

-  A crib sheet of cut-n-paste charts and graphs telling the same sad and sorry story about shit we already know.

- Mainstream Blog Morons, like Quinn, dutifully trot out other peoples charts and storylines trying to convince the ignorant masses that money is all that matters.

-  A cynical, less trusting soul might even conclude that Quinn’s goal is to parrot government bullshit to as many people as possible.

- At this time sides have already been chosen and blood spilled.

- The verdict of history will not be kind to the Mighty(Moron)Quinn.

-  ELMO can’t make it any more obvious.

9/11 Is the LitmusTest

Sun, 07/08/2012 - 23:29 | 2597766 Yardfarmer
Yardfarmer's picture

Indeed, Wharton's Quinn is an establishment hack and an obvious and transparent agent of misdirection and just plain boring.

University of Pennsylvania, Wharton School of Finance & Commerce Founded by Eric Trist One of the "brain trusts" of Tavistock, Wharton has become one of the more important Tavistock in so far as "Behavioral Research" is concerned. Wharton attracts clients such as the U.S. Department of Labor---which teaches how to produce "cooked" statistics at the Wharton Econometric Forecasting Associates Incorporated. This method was very much in demand as we came to the close of 1991 with millions more out of work than was reflected in USDL statistics. Wharton's ECONOMETRIC MODELING is used by every major Committee of 300 company in the United States, Western Europe, the International Monetary Fund, the United Nations, and the World Bank. Institute for Social Research Among its clients are The Ford Foundation, U.S.Department of Defense, U.S.Postal Service and the U.S. Department of Justice. Among its studies are "The Human Meaning Of Social Change", "Youth in Transition" and "How Americans View Their Mental Health

Mon, 07/09/2012 - 00:34 | 2597874 DavidPierre
DavidPierre's picture

Jim Willie has big Brass Balls and reports both macro-economic and political insights that are worth the time and effort to read and understand.

It is time to send SmokeyQuinn to Leo K. Land on ZH.

SmokeyQuinn is another of the many castrato bloggers, fat ass sopranos; full throat sound and fury: signifying nothing. 



Mon, 07/09/2012 - 00:53 | 2597910 Zionist Jew
Zionist Jew's picture

You're too hard on Jim.  He serves a valuable purpose herding together the 'fake awake' into a pseudo new paradigm, all the while maintaining their dependence on a corrupt system they pretend to abhor.


We planned for every contingency, and as Stalin said "The best way to control dissent is to lead it."  Why do you think Dylan Avery's "Loose Change" and Alex Jones are at the forefront of the supposed "Truth Movement"?  HAHA!


Nobody talks about my fellow tribesmen caught exploding a truck on King St., or caught trying to blow up the GW bridge.  Chertoff just released em, and Jane Harman shitcanned the investigation.

Mon, 07/09/2012 - 01:11 | 2597923 DavidPierre
DavidPierre's picture

SmokeyQuinn is my best ever, long time buddy.

Why he is one of the finest phonies you'll ever meat on the web.

Where would we be if not for his gratuitous articles and stupid replies?

You can never be too hard on Jim.

He likes it that way.


Mon, 07/09/2012 - 01:31 | 2597940 Hugh G Rection
Mon, 07/09/2012 - 01:38 | 2597947 Michael
Michael's picture

I'm still voting for Obama.

Mon, 07/09/2012 - 02:25 | 2597986 uhb
uhb's picture

Well Michael,

every country has the government it DESERVES!

(written in the 30's concerning germany... but it fits, doesnt it?)

Mon, 07/09/2012 - 06:08 | 2598099 GetZeeGold
GetZeeGold's picture



Jimmy Carter is still eligible for another term.......bring that crazy cracker back I'm thinking.


Now where did I put that industrial sized sarc button?


Mon, 07/09/2012 - 06:13 | 2598101 overmedicatedun...
overmedicatedundersexed's picture

the power to brain wash a population has so many more tools than in the past. If Hitler had the same tech we would all be speaking german.

there are simple solutions to the problems America has. it is of course constantly repeated that these problems are not solvable, too complex, too many people for the jobs available , or the funny one about running outta energy.

no the unstated problem is: the current corrupt elite's wealth and power cannot be maintained and also solve the economic and social problems of America.

The elite must pay for their wealth and blood before the system can restore balance here in America.

the rest of the world is not our problem is the first thing to understand.

Mon, 07/09/2012 - 08:02 | 2598238 Treeplanter
Treeplanter's picture

It's in the cigar box with your hash pipe and rolling papers.

Mon, 07/09/2012 - 02:40 | 2598003 Skateboarder
Skateboarder's picture

I wonder if he can borrow enough in the next term to outdo the sum of all prior debts including that of his first term, i.e. the fastest debt ever accumulated. I also wonder how many more times the debt ceiling can/will be raised.

Mon, 07/09/2012 - 06:46 | 2598145 skipjack
skipjack's picture

If I don't vote for Vermin Supreme, I'm voting for Obamster, as soul-crushing as that is...rather a few more crumbs fall to "the people" rather than have them all strewn under the feet of the criminal banksters.

Mon, 07/09/2012 - 02:00 | 2597960 Zionist Jew
Zionist Jew's picture

Very True.

"You don't have to be a Jew to be a Zionist.. I AM a Zionist."  - Joe Biden

Mon, 07/09/2012 - 07:35 | 2598189 Jim Quinn
Jim Quinn's picture

Posting under David Pierre and then answering yourself as your other alias- Yardfarmer isn't really crazy. Keep telling yourself that. Do you have conversations with yourself too? Or do the voices in your head drown out everything?

Mental illness is a disease.

Mon, 07/09/2012 - 13:11 | 2599021 DavidPierre
DavidPierre's picture

Aw... Castrato Fat Man is projecting again.

You're the one who got shit canned by your previous webmaster for doing exactly that.

Well guess what, MORON, you are wrong again.

Confront the facts head on.

Quit with your wet pussy responses.





Sun, 07/08/2012 - 23:33 | 2597786 El Oregonian
El Oregonian's picture


Mon, 07/09/2012 - 06:31 | 2598119 GetZeeGold
GetZeeGold's picture



Your message comes with the Nancy Pelosi seal of approval.


Sun, 07/08/2012 - 23:55 | 2597827 cbxer55
cbxer55's picture

Can we have a Jim Quinn article without david POO-POO putting in his irrelevant two cents.

Mon, 07/09/2012 - 03:19 | 2598029 r00t61
r00t61's picture

Quinn's article gets posted at 23:10.

Somehow, DP gets through all 2,500 words of it, and posts his own response, in the span of 9 minutes, at 23:19.

That's a thing that makes you go hmmm...

Mon, 07/09/2012 - 06:34 | 2598123 nmewn
nmewn's picture

Quite the noticable coincidence on every Quinn post...why,its almost as if they were one and the same ;-)

Mon, 07/09/2012 - 07:57 | 2598225 Jim Quinn
Jim Quinn's picture

Momma always said, "crazy is as crazy does".

Mon, 07/09/2012 - 11:31 | 2598732 Hugh G Rection
Hugh G Rection's picture

I bet she still tells you that to this day.

"Oh Jimmy, use the crayolas I bought you, don't fingerpaint the walls with your poopy!  Crazy is as crazy does."

Sun, 07/08/2012 - 23:58 | 2597829 Hugh G Rection
Hugh G Rection's picture

Pole Smokin Quinn,


Can you do an article explaining how 19 Arabs with boxcutters, commanded by a guy on dialysis in a cave made NORAD stand down, and knocked down 3 skyscrapers with 2 Planes?  While you're at it explain what happened to the $2.3 Trillion Rumsfeld announced missing from the Pentagon the day before Hanjour piloted a hijacked plane in a 270degree corkscrew descending turn to hit the Pentagon flush in the budget analysts office, killing all the DOD staffers working on that mystery.


Dem Moozlims Hats R Freedumbs!

Mon, 07/09/2012 - 00:10 | 2597861 Zionist Jew
Zionist Jew's picture

It was a  Mossad false flag.. Happy now?

Get over it.  The majority of the Goy are so entrenched in the narcissism of their mundane lives they don't give a shit about macro events.  We control your politicians through AIPAC.  We own your media.  We run the FED.  We own Hollywood.  You can cry about 9/11 all day long, it wont make a difference.


Nice avatar BTW, comrade Chertoff was a very strategic appointment...hehe

Mon, 07/09/2012 - 00:47 | 2597902 FeralSerf
FeralSerf's picture

It's easy to explain.  Moozlims are vastly superior to ordinary people.   They are the master race (this is the reason the Jooze, who have been trying to convince everyone they're the master race is pissed at them).  Moozlims, compared to ordinary people, are like Superman compared to Geico's Cave man.  Some people, after observing Moozlims, may think this is in error since they don't appear to be so superior.   Don't be fooled.  They are also amazingly adept at covering up their superiority until it is needed.

Mon, 07/09/2012 - 00:55 | 2597915 Zionist Jew
Zionist Jew's picture

That explains flying carpets..

Tue, 07/10/2012 - 13:14 | 2602684 FeralSerf
FeralSerf's picture

Moozlims are so superior to everyone else that it only took 19 of them, armed only with box cutters, to bring the world's only remaining superpower to its knees.  The resulting pandemonium cost that superpower at least $6 trillion and thousands of lives.  Not bad for only 19 of them, eh?

Mon, 07/09/2012 - 01:58 | 2597959 OmNamah
OmNamah's picture

This has been now repeated ad-nauseaum on un-employment and state of US think much ahead of these spins....we are about to start the greatest bull market in equities but without any participation:)...bcos u need someone to hold the bag in the end....

Keep up the good work...dedicated to art of speculation

Mon, 07/09/2012 - 06:29 | 2598118 sabra1
sabra1's picture

hey DavidPierre! did you realize that your initials DP, stand for Deep Penetration, or, Double Penetration? A-Hole!!!

Mon, 07/09/2012 - 06:38 | 2598131 Jim Quinn
Jim Quinn's picture

Off your meds again I see.

Mon, 07/09/2012 - 10:21 | 2598568 Hugh G Rection
Hugh G Rection's picture

Yea, some of us still refuse to take the blue pill.

Ever seen Trading Places? I'd rather take Aaron Russo's word over a self-important douchebag blogger.

"9/11 was a lie and the War on Terror is a farce."

Mon, 07/09/2012 - 12:30 | 2598871 Jim Quinn
Jim Quinn's picture

Using your 3rd alias I see.

You're crazier than a shithouse rat.


Sun, 07/08/2012 - 23:19 | 2597751 TrainWreck1
TrainWreck1's picture

Elmo is a hater.

Obama is operating at some higher level that none of us can comprehend.

He is Harvard's finest.


Sun, 07/08/2012 - 23:22 | 2597761 Savyindallas
Savyindallas's picture

Ha ha -funny. for a moment I thought you were serious. ---Isn't "Harvard's finest" an oxymoron?

Sun, 07/08/2012 - 23:36 | 2597797 New_Meat
New_Meat's picture

Havhad--their best is none too good at what they claim to do. - Ned

Mon, 07/09/2012 - 06:34 | 2598125 GetZeeGold
GetZeeGold's picture



Our best should be taken at our word.....cause we won't be releasing the transcripts.

Mon, 07/09/2012 - 00:21 | 2597877 ghenny
ghenny's picture


Obama like Franklin Roosevelt is actually helping to keep our crooked system alive by trying to change it just enough so we don't face economic disaster and revolution. Republican and Libertarian fools seem to want to look a gift horse in the mouth.

"Obama saved those fools from their buddy George Bush and his borrow and spend binge with unpaid for drugs for seniors and two wars on the credit card along with no supervision of the banksters and real estate crooks. Sure Clinton got rid of Glass Stegal but the trade-off was supervision and it did not happen under Bush/Cheney/Greenspan. Of course all this started with Reagan and his huge budge deficits to pay for a mega arms buildup while cutting taxes in a way that Eisenhower would have considered criminal. David Stockman can tell you all about that. He can also tell you all about the crony deals done to benefit the Bush/Cheney family friends in the arms and oil business.

Every study shows we are better off economically under Democratic Presidents but you loons still vote for the Republican bozos who don't understand economics or understand how to cheat the "free enterprise" system which they hate because they fear true meritocracy and are the masters of "crony capitalism". I will take plenty of criticism of the Democrats ref Public Labor Unions and crooked public works projects but at least most of the time they tax us to pay for their baloney. The Republicans just borrow and cut taxes. Clinton left us with surpluses as far as the eye could see and that loser business failure dady/Rainwater supported Bush squandered it all like he did all that Saudi Bin Laden money that paid for his playing at being an oil man (that of course is why he got the Bin Ladens out of the country and never took out Osama).

Obama did take out Osama and inherited a once in a century meltdown and kept us afloat in the teeth of Republican obstruction. 8.2 % unemployment is not good but its a whole lot better than 10 or 11% or higher which is what the Bush screw ups gave us. Without the balance sheets expansions and the deficit financing we would have 25% core unemployment, especilly since the Republicans refuse to allow the rich to be taxed even though they have taken home the lions share of all income and wealth generated in the last 20 years while for the most part skimming it by financial manipulaton rather than truly earning it. 

I know a lot of those turkeys because I grew up with them and I am a member of the privileged patrician class. Most of them are cheats and crooks to the core who feel entitled and don't give a f.... about ordinary Americans. In fact they feel they have a hereditary right to live better for the next upteenth generations. Go figure. In my view they are the true traitors in this country since they troll for wealth around the world and outsource American jobs whenever they can to stay on top. Then they scream when a Berni Madoff fleeces them by offering them new ways to cheat the system that are too good to be true and expect the feds to bail them out.

I know how they use corporate transfer pricing to avoid paying taxes and stash cash in offshore accounts and purchase politicians to write loopholes to contribute nothing to the general well being. I know how they use asset stripping to hollow out viable companis and pretend they are business builders. Romney is a prime example. He never came across a struggling company he did not figure out how to screw out of their cashflow like Gordon Gekko. He never created a product or a valuable service that would benefit ordinary people and now he is helping his sons to do the same. His father George would be horrified. Sure the Democrats help the Unions but its small potatoes compared to these guys.

What I fault Obama for is he has not prosecuted the banksters and other corporate crooks on a scale needed because he is trying to be a moderate. He did not fight for a single payer healthcare sysem because he deludes himself that healthcare can use market forces to bring down costs. No chance. His plan, Romney's plan and Ryans plan are ridled with corrupt crony protections for healthcare oligopolies and yes I know all about that too since I played in that space for awhile in my career. You ain't seen nothing until you observe health insurance companies, pharmaceutical companies and crooked medical supply companies and Medicare mills with crooked doctors and their business handlers rip off schemes. They are epic."

Mon, 07/09/2012 - 01:12 | 2597926 Mr. Fix
Mr. Fix's picture


Mon, 07/09/2012 - 06:23 | 2598112 GetZeeGold
GetZeeGold's picture



Dude....go easy. He just has a Koolaid addiction.


It could be be you someday.......well OK......probably not.


Mon, 07/09/2012 - 03:58 | 2598050 SeattleBruce
SeattleBruce's picture

"Every study shows we are better off economically under Democratic Presidents but you loons still vote for the Republican bozos who don't understand economics"

Ahhhh...still playing the blue-red game...TILT...try the way, why do you use the phrase 'under' here?  I think it reveals much about your mindset.  How's that serfdom thing workin' out for ya?

Mon, 07/09/2012 - 03:43 | 2598044 natty light
natty light's picture

And a muppet to boot.

Mon, 07/09/2012 - 06:36 | 2598127 GetZeeGold
GetZeeGold's picture



Never let a Muppet go to waste.


Sun, 07/08/2012 - 23:20 | 2597754 Savyindallas
Savyindallas's picture

And Republicans were too stupid to figure out Ron Paul was the only candidate that was right. I've been a Reoublican activist for 20 years - although I've voted third party the last three general elections. Most republicans are ignorant, stupid fools--no better than Democrats. Most of thee morons only care about gay rights, Israel and abortion. If they want to see the best case for legalized abortion   -all they have to do is look in the mirror.

Sun, 07/08/2012 - 23:46 | 2597811 New_Meat
New_Meat's picture

"And Republicans were too stupid to figure out Ron Paul was the only candidate that was right."

I've said it before, RP, with or without his message, did not (and as we look at it from today, could not) organize the broad base needed to get to the national level.  Fact.  {despite what we might think of that situation and the results for RP and his followers}

The article misses this point as well:

"The plutocracy controlled corporate mainstream media did their part in ignoring and then scorning Ron Paul during his truth telling campaign...."

They ignored both RP and a tiny little piglet for the same reasons: we couldn't be compelling to their masters sufficiently (in all respects) to break through the many barriers.  'course, I was perfecting my beef and chicken bbq recipies, so couldn't be bothered.

The whiny victim card, "I'm going to take my ball and go home." doesn't help any of the situation.

So I gave the article a downer on that basis, some of the info was good but in the wrong perspective it doesn't help much.  Well, unless it is dis-info and trollizm.

- Ned


Mon, 07/09/2012 - 00:14 | 2597867 williambanzai7
williambanzai7's picture

I don't think it's stupidity, although that is a factor as well.

The establishment will not tolerate a candidate such as Ron Paul.

Sun, 07/08/2012 - 23:45 | 2597757 lasvegaspersona
lasvegaspersona's picture

the use of 'less' and 'fewer' seems to confuse even bright people.For things that can be pluralized, use the word fewer...oh hell just look it up..if you were raised by English speakers it should hurt your ears if someone gets it wrong. Shocking but I even hear them incorrectly used on NPR (not that I listen to NPR but someone has to monitor those guys.)

Mon, 07/09/2012 - 00:40 | 2597896 Midas
Midas's picture

OH shit, grammer nazi!

I got to agree with LVP though.  The local radio station plays a promo bragging about having less commercials.  I have a hard time letting it go, since the rule is pretty freaking easy to understand.  It does hurt my ears.

Sun, 07/08/2012 - 23:22 | 2597762 stant
stant's picture

you can spend them[ebt cards] at cabelas, you know huntin and fishing and such

Sun, 07/08/2012 - 23:24 | 2597765 JustACitizen
JustACitizen's picture

It's too bad all of the Republican Voters could not wrap their heads around what true conservatism actually means. (Newsflash - gays, abortion, 10 Commandments, flags, birth-control and general hysteria is not it.) We could have had a fighting chance to turn the Titanic with Ron Paul. Instead we will have "Put it in my Mitt" Romney vs. "I stand with the common Goldman Barack Obama". Truly a lose-lose opportunity.

No, if we are lucky our children's children will be sitting in a real history class and thinking - "What were they thinking about?"

Sun, 07/08/2012 - 23:58 | 2597838 DeadFred
DeadFred's picture

Sorry, the Titanic is 50 yards from the iceberg and going full steam. Too late to stop, too late to turn. Ron Paul would have been better at getting people to the lifeboats but it's been too late for quite some time. Pop some popcorn and watch the show, it's likely to be interesting. (and try to protect your own and a few around you).

Mon, 07/09/2012 - 02:39 | 2598000 uhb
uhb's picture

sorry but i got to call that bs. (no offense meant). The USS Titanic hit the iceberg YEARS ago. The US is at the point were the fight for the last lifeboat is on.

Mon, 07/09/2012 - 09:50 | 2598496 Zero Debt
Zero Debt's picture

You mean my unallocated lifeboat has been pledged more than once? Impossible.

Sun, 07/08/2012 - 23:58 | 2597840 cbxer55
cbxer55's picture

I was really hoping R.P. would be the repub. candidate this time. Unfortunately that did not pan out. My dad, who prior to mittens becoming the candidate could not stand him, is now 100% behind the blubbering idiot.

Sad. ;-(

Don't see the point in even bothering to vote this year. candidates are two sides of the same old coin.

Mon, 07/09/2012 - 00:16 | 2597869 JohnG
JohnG's picture

With a big sharpie, not fine point, I write in Ron Paul.  Probably be the last time I vote.

Mon, 07/09/2012 - 00:42 | 2597899 FEDbuster
FEDbuster's picture

I will vote for the Libertarian candidate Gary Johnson, rather than not voting.  He has no chance, but neither does Amerika.

Mon, 07/09/2012 - 02:18 | 2597977 Lucky Guesst
Lucky Guesst's picture

ME TOO! GARY JOHNSON 2012!!!!!!!

Mon, 07/09/2012 - 07:23 | 2598102 i-dog
i-dog's picture

All you voters are an embarrassment to the board!!!

Ballot Box: n. Suggestion box for slaves; Input device for Diebold manipulation; Pacifier for irate sheep.

Mon, 07/09/2012 - 07:36 | 2598190 j0nx
j0nx's picture

Agreed. Voting is a fucking waste of time. If they see that they aren't getting the desired result from the people by 5pm on election day then they simply 'nudge' the results from the machines themselves via the built-in backdoor. I've got better things to do with my hour of time than participate in a rigged election.

Mon, 07/09/2012 - 09:52 | 2598502 A82EBA
A82EBA's picture

Yes, Gary Johnson

Mon, 07/09/2012 - 02:27 | 2597991 OldPhart
OldPhart's picture

I paln to write in "Ron Paul" with my own blood.

Mon, 07/09/2012 - 05:48 | 2598090 Jack Sheet
Jack Sheet's picture

I thought R Paul and R Paul sold out to Romney

Mon, 07/09/2012 - 09:44 | 2598478 Shell Game
Shell Game's picture

I down arrowed you for the Ron = Rand simple-minded bullshit.  Like saying Gandalf = Saruman.  ;)

Mon, 07/09/2012 - 10:08 | 2598538 Jack Sheet
Jack Sheet's picture

OK I stand corrected, but Tarpley had a different theory,

Mon, 07/09/2012 - 07:35 | 2598188 Uncle Remus
Uncle Remus's picture

Too right.

Sun, 07/08/2012 - 23:31 | 2597782 honestann
honestann's picture

The terms "great" and "empire" are contradictory.  To the extent "america" was ever "great", it most certainly was NOT an "empire".  The only potential purpose for any so-called government is to settle disputes between individuals.  Every other activity is simply "predators DBA government".  Without any doubt, however, the "predators DBA government" certainly have destroyed america --- including the humans who live in america, who are now so brain-damaged and detached from reality, no hope of recovery is remotely possible.

The human race is finished.

Sun, 07/08/2012 - 23:56 | 2597835 New_Meat
New_Meat's picture

We here in the Commonwealth still have Volvos with "Kerry-Edwards" bumper stickers (and even a coupla' "Mondale for America" stickers on old v-bugz.)

But you raise an interesting point, given your avatar and your final comment:

"the human race is finished."

Is this what you mean?  Do you promise to lead the charge?

Just wonderin'

- Ned

Mon, 07/09/2012 - 00:55 | 2597914 FeralSerf
FeralSerf's picture

"the human race is finished."

Score at the end of the race:

Humans 0, Reptilians > 0

Mon, 07/09/2012 - 06:47 | 2598149 GetZeeGold
GetZeeGold's picture



Now all the Reptilians have to do is show up and grab the prize.....but it turns out those guys are pretty camera shy.


Mon, 07/09/2012 - 02:40 | 2598002 uhb
uhb's picture

maybe you could find a reagan sticker for me?

Sun, 07/08/2012 - 23:33 | 2597791 catch edge ghost
catch edge ghost's picture

If you think of all the Stimulus as Hospice, it makes a lot more sense.

Sun, 07/08/2012 - 23:56 | 2597822 palmereldritch
palmereldritch's picture

I had to take my dog to a Hospice like that once.  I left with an urn.

Sun, 07/08/2012 - 23:59 | 2597841 New_Meat
New_Meat's picture

But then the number of people seeking employment would be 0.0%, giving our dear leader his chance at nirvana!

Sun, 07/08/2012 - 23:55 | 2597826 world_debt_slave
world_debt_slave's picture

You forgot to calculate in the tee times.

Sun, 07/08/2012 - 23:56 | 2597833 Excursionist
Excursionist's picture

The only way this abysmal status quo changes without something akin to a civil war occurring is the U.S. greenback losing its reserve currency status.  If you don't mind the accute near-term economic pain, then in November vote for those candidates whom you believe will accelerate this process.  Rome must first burn to the ground before meaninful improvement can take place.

Sun, 07/08/2012 - 23:59 | 2597842 world_debt_slave
world_debt_slave's picture

Roubini says we have two weeks left, get crackin'!

Mon, 07/09/2012 - 06:56 | 2598163 GetZeeGold
GetZeeGold's picture



Sounds like a 14 day vacation to me......awesome!!!


Mon, 07/09/2012 - 00:04 | 2597848 New_Meat
New_Meat's picture

Self immolation is rather hard and is, ... er ... unsustainable.  For instance, I'm bettin that this dude is not going to self-immolate.

But, on the other hand, I'm putting my faith in you to follow your own prescription.

Are you up for your self-assigned task?

I'ma bettin' on ya!

- Ned

Mon, 07/09/2012 - 00:36 | 2597891 dwdollar
dwdollar's picture

What part of inevitable collapse has to do with setting yourself ablaze?

Mon, 07/09/2012 - 01:17 | 2597933 Excursionist
Excursionist's picture

3 out of 10 for an attempt at snide humor, but you still have a lot of wood to chop...  Take a look at the Brits circa 1949 for a historical template.  Putz.

Mon, 07/09/2012 - 00:09 | 2597859 q99x2
q99x2's picture

Wake me when it is over unless it is a nuke.

My last thoughts are these: Romney's war with Iran may be a little more expensive now that China has begun development of Iran's largest oil fields.

Mon, 07/09/2012 - 00:12 | 2597864 JR
JR's picture

In the midst of a few comments here that appear to be chickens scratching in their debris pile, I mark Quinn an A+ on his report card, as usual. How better to serve one’s country than to effectively alert the citizenry to the damages that are bringing this country to ruin by “this corporate fascist farce”; the result of an all-powerful centrally controlled, corrupt “two-party” system now consolidated into a single entity. The lynchpins at the core of the real power – the money - are of course the men, the bankers, behind the Federal Reserve. 

“I do verily believe that a single consolidated government would become the most corrupt government on the earth.” –Thomas Jefferson to Gideon Granger, August 1800

“Our government is now taking so steady a course as to show by what road it will pass to destruction, to wit: by consolidation first, and then corruption, its necessary consequence. The engine of consolidation will be the Federal judiciary; the two other branches the corrupting and corrupted instruments.” –Thomas Jefferson to Nathaniel Macon, 1821

The people who voted are the people who put Obama and Bush in office. Our problem is voting. Perhaps we need to do something else.

Mon, 07/09/2012 - 00:40 | 2597890 Vic Vinegar
Vic Vinegar's picture

“I do verily believe that a single consolidated government would become the most corrupt government on the earth...

...and since I have a basic understanding of human nature and history, I know you are going to see this reality soon.  So with a deep appreciation of that, I'm gonna go munch on Sally Hemmings' box."

-Thomas Jefferson to spacemonkeys everywhere, 1802.

So, JR, as you so rightfully note:

Our problem is voting. Perhaps we need to do something else.

T Jefferson understood this and chose black box as a result. 

What do you suggest that you or I do in our remaining days here understanding the same?


Mon, 07/09/2012 - 01:14 | 2597927 Vic Vinegar
Vic Vinegar's picture


I assume that initial red was just your gut reaction and you are working on an appropriate response? 

My only response is buy physical.   There ain't never been a comment on the internet that's made me see otherwise.  But if you have the answer, please opine.



Mon, 07/09/2012 - 10:49 | 2598636 JR
JR's picture

Vic, sorry for the delayed response…

America is still the most powerful nation in the world and its 300+ million people are dependent on its prosperity and success. That future is in grave danger and can only be saved by an exertion of will from as many of these millions as possible.

As such, our hope is that more and more people will become aware of just who it is that endangers our future and, of these millions, the thousands and thousands of activists who will rise to remove these obstacles of tyranny.

This can be accomplished without revolution if enough Americans force the issue within the near future. The answer, of course, is that more and more Americans must hear the truth; namely, the fix we are in and the names of the people who have become our tyrants and their methods. This, you and I, can help with.

The movement supporting Ron Paul is a giant step forward in that the past century has usually forced American’s to choose between two purchased presidential candidates. Paul supporters are refusing the choice.

The point is, we can no longer ignore that the people’s awareness is breaking out everywhere; you can find it every day on the Internet -- this recognition that we are losing our liberties and that the direction is toward a combination welfare state/police state. More and more voices are identifying our dilemma and who’s causing it.

Just today airs an interview with Father Robert Sirico who is concerned about the loss of religious liberty yet hopeful the connections are all coming together; he warns of the dangers to religious, economic and personal liberties and how they are related. Father Sirico in an interview with National Review Online said:

“How can we have religious liberty if we do not also have economic liberty to build our institutions as well as the liberty to own and control private property? How can we have political freedom if religious liberty – which allows us to freely formulate the most fundamental answers about the biggest questions of all – is suffocated?”

The point is, this is coming from everywhere; you can find the true charges of what’s happening in this country. Our job is to point out from where it’s coming.

Mon, 07/09/2012 - 00:16 | 2597870 williambanzai7
williambanzai7's picture

Romney will declare war on the Scientologists.

Mon, 07/09/2012 - 06:40 | 2598134 GetZeeGold
GetZeeGold's picture



Romney will declare war on the Scientologists.


Great plan....everyone hates those guys.


Look at Tom Cruise...three hot babes might have a problem.....just saying.


Mon, 07/09/2012 - 00:59 | 2597918 FeralSerf
FeralSerf's picture

That would be after Romney and the Scientologists declare war on South Park.

The enemy of my enemy is my friend.  (At least temporarily.)

Mon, 07/09/2012 - 07:39 | 2598193 Uncle Remus
Uncle Remus's picture

The shorter list is who Romney won't declare war on.

Mon, 07/09/2012 - 00:28 | 2597882 you enjoy myself
you enjoy myself's picture no means an endorsement of Mitt Romney or his economic plan, since he has never provided a detailed economic plan.

well, i guess you can quibble over what "detailed" means, but Romney has an 87-page plan on his site.  or do you expect him to dive into every bit of minutiae?  regardless, its far more comprehensive than tossing off a "pay their fair share" line as the solution to everything.

Mon, 07/09/2012 - 00:53 | 2597906 dwdollar
dwdollar's picture

I'm not sure anyone wants to sit and read through a PDF written by Romney's butt-buddy bankers. Does Romney's PDF say anything about prosecuting financial fraud? Or dismantling the mega-banks which capitalism tried to destroy in 2008? It's easy to prance around like you're the prodigal son of free market capitalism when you're on top. Nevermind how you got there.

Mon, 07/09/2012 - 00:37 | 2597893 genr8n
genr8n's picture

where can I get stats on the percentage of US citizens earning less than say $10K p.a. for the past 30 years as a percentage of the total population (ie either unemployed, on welfare, in school, in prison, disabled, only earning a small part time wage and living with parents, etc, etc)?

Mon, 07/09/2012 - 02:29 | 2597993 Lucky Guesst
Lucky Guesst's picture

I made absolutely no profit last year.... ask my accountant!

Mon, 07/09/2012 - 07:43 | 2598197 Sean7k
Sean7k's picture

Here's a start, but you can just google your key words and get a search.



Mon, 07/09/2012 - 00:50 | 2597907 Seal
Seal's picture

CHALMERS JOHNSON: Nemesis was the ancient Greek goddess of revenge, the punisher of hubris and arrogance in human beings. You may recall she is the one that led Narcissus to the pond and showed him his reflection, and he dove in and drowned. I chose the title, because it seems to me that she’s present in our country right now, just waiting to make her — to carry out her divine mission.

Mon, 07/09/2012 - 07:41 | 2598195 Uncle Remus
Uncle Remus's picture

I could fly that flag.

Mon, 07/09/2012 - 00:54 | 2597912 Silver Bug
Silver Bug's picture

Obama has been a huge failure, all he does is try to blame his faults on the previous administration, the weather, Europe or some other bogus excuse! Man up!

Mon, 07/09/2012 - 07:32 | 2598186 GetZeeGold
GetZeeGold's picture



True.....but it seems to be working for him.


Mon, 07/09/2012 - 00:55 | 2597913 cynicalskeptic
cynicalskeptic's picture

The American EMPIRE was NEVER 'great' - The American REPUBLIC had potential but as soon as we started to get away from our Founder's dictate to stay out of foreign adventures we degan our descent.  What made this country unique and great was a focus on individualk rights and LIMITS on governmental power.   The 'shining beacon of democracy' that the US once represented has become a bad joke over the past 50 years.....

The Mexican-American War might be dismissed as expansionism and the Spanish-American War as the beginnings of Emipre but the US resisted having a large standing military, permanent military contractors, and an ever-growing 'intelligence' community (all part of any 'military-industrial' complex and fundamental in Empire-building) until after WWII.  The 'little' wars of US intervention in places like Haiti and Nicaragua (on behalf of US business intersts) gave way to full-fledged efforts to control the direction of the world (for the benefit of US business interests).   

The irony is that the Soviet Union would have failed no matter what the US did - just as China has morphed out of 'Great-Leap Forward' Communism into People's Liberation Army owned factory 'capitalism'.......  all despite all our expended efforts we did not manage to insure a stable supply of cheap oil for the US (stolen or cheaply paid for).  China has managed to extend its reach buyying friends and influencing people using all the $US earmened making crap WE consume (made in factories shipped to China from the US).

ALL Empires overextend, go broke and collapse - we're fast approaching our end - where collapsing economic power is replaced (briefly) with military threats as the Empire's power fades..........

Mon, 07/09/2012 - 01:49 | 2597953 Vic Vinegar
Vic Vinegar's picture

2 years 5 weeks. A cynicalskeptic has this to say

Williambanzai shit on Bruce Springsteen this week.  I think Banzai is living in fantasy-land.

What about U?

Write comments on the internet or buy physical.  I guess the choice is ours.  LOL

Mon, 07/09/2012 - 02:15 | 2597975 Vic Vinegar
Vic Vinegar's picture


I guess you are in the camp of shitting on Springsteen (he's no Woody Guthrie!) and/or find solace in internet commenting. 

That's cool, too.  Buying physical is only for some of us as well.  Junking is for the rest.

Mon, 07/09/2012 - 01:15 | 2597929 tobyv29
tobyv29's picture

Waaaaaaaaa, Obama did it, Obama did it. 


So much bullshit in this article its not even worth addressing. 


And the reason the Republicans won't elect Ron Paul is because, ironically, even though he's a fuckin nut job he's not nut jobby enough for the Republican base.

Mon, 07/09/2012 - 06:44 | 2598143 GetZeeGold
GetZeeGold's picture



Dude......everyone......and I do mean everyone knows it was Bush.


All hope is lost after him.....all we can do is try and act like we at least tryed.


Mon, 07/09/2012 - 01:16 | 2597932 bigwavedave
bigwavedave's picture

Mitt is going to create LOTS of jobs. I am LONG Cayman Islands accountants.

Mon, 07/09/2012 - 01:58 | 2597958 critical tinkerer
critical tinkerer's picture

$2.9T debt added by Bush???????

Let me see 9.7-5=2.9

How did he get the chart of Unemployment rate without stimulus? Got some kid to scrible it? i think that would be easier then knowing alternative future.

So much sheet in this post!!!

Mon, 07/09/2012 - 02:15 | 2597972 ebworthen
ebworthen's picture

Did they expect the populace to see the bailouts of banks and insurers and allowing criminal gangsters like Mozillo and Corzine walk unfettered and free and expect people to "pick themselves up by their bootstraps" and "win one for the gipper"?

Yeah, right.

Moral Hazard = activated.

Mon, 07/09/2012 - 02:25 | 2597987 Beam Me Up
Beam Me Up's picture

I guess Mr. Quinn just isn't familiar with the concept of websites.        "Romney has not given a detailed plan for the economy".

Mitt Romney has had a detailed plan (in PDF if you like) for the economy at his website for  months.  It is the most comprehensive outline for a candidate in modern history. Chapters titled TAX POLICY, REGULATORY POLICY, TRADE POLICY, ENERGY POLICY, LABOR, FISCAL, ETC. ETC.Wether you like it or not at least it is there.  Clueless hack !

Mon, 07/09/2012 - 02:48 | 2598005 ebworthen
ebworthen's picture

59 steps?


His first so far appears to be:  "accept millions from PACS backed by banks and special interests".

Here Mittens, three steps:

  1. Restore the Rule of Law.
  2. Restore the Constitution
  3. Sound money backed by Gold and the restoration of Glass-Steagal
Mon, 07/09/2012 - 02:31 | 2597994 Temporalist
Temporalist's picture
Signs We Are Approaching a Zombie Economy


Mon, 07/09/2012 - 02:51 | 2598010 the tower
the tower's picture

1. The American President - Seriously, isn't it a bit stupid to give one man so much power? And if he fucks up, don't complain. YOU gave him that power.

2. No matter what side you are on, a two party system with some (s)elected guy at the top will never work. Remove one party and you have communism/fascism/totaliarism. How about some REAL democracy, otherwise you might as well give the statue of liberty back to France.

3. The Great American Empire? Really? Would the average American accept to be part of a Great Chinese Empire? A Great European Empire? Then why do you think any of the other 6.5 billion on this planet would want to be part of The Great American Empire? How about decoupling from the rest of the world and stand on your own feet? How about building a healthy economy without destroying the rest of the world in the process? Can you? 

Mon, 07/09/2012 - 06:27 | 2598117 overmedicatedun...
overmedicatedundersexed's picture

thetower: How about building a healthy economy without destroying the rest of the world in the process? Can you? ..

sure but not without removing the nwo elite..see R Paul on us military posture, see sound money, see rational trade policy and use of tariff to benefit working Americans...each problem the USA has is solvable in the context of current NWO elites losing both wealth and power, that is the main problem ,, TBTF bailouts for example of why those who held power must be held to account before we can address the economic and social fabric problems of America..

Mon, 07/09/2012 - 08:19 | 2598277 Oldballplayer
Oldballplayer's picture

We keep bitching about the wrong people. We SHOULD be bitching about Congress.

Mon, 07/09/2012 - 03:11 | 2598023 Peter K
Peter K's picture

Seeing as we are on the subject of declining empires, they say that history has a tendency to repeat itself. America and the Roman Empire, on whose form of governement our founding fathers modeled the US, have a lot in common. And the commonality extends rigth down to the leadership personalities, in my humble opinion.

The US presently finds itself at a point in its historical existance not that differenct than that of Ancient Rome circa 70 A.D. Recent US history gave us Ronald Reagan, who could easily be viewed as Augustus. He conquered the enemies of the US (i.e. USSR) and left the US with the longest peace time recovery and expansion in US history. This could be viewed as Augustus's finding Rome built of brick and leaving it built of marble. Once the US/Rome reached it's pinnacle, societal rot set in. In the US we had Bush I who is very similar to Claudius. Old and not too interested in the matters of State. Clinton and Caligula? Say no more. Bush II and Tiberius are not that good of a fit, other than the needless military ventures. And then we come to Nero and the Obamadisaster. History suggests that Nero set fire to Rome so that he could rebuild it. The "transformative hope y change" theme of that day. But after Nero's demise, and after a civil war of sorts, Vespasian became Ceasar. And according to Edward Gibbon, this was the onset of the Golden age of Rome. 

Hope the analogy holds ;) 

Mon, 07/09/2012 - 03:21 | 2598031 Rogue Trooper
Rogue Trooper's picture

So much doom and gloom :/

A 'Hopey changee' tune to cheer you BITCHEZ up

MBD's theme song I understand... from facebook (?)

Mon, 07/09/2012 - 03:26 | 2598038 doc_in_the_house
doc_in_the_house's picture

house of cards ponzi scheme is coming down = SELL EVERYTHING !!!

spx @ 1370 last week = the peak, wait for sub 1150 to short cover and go long on temporary "election" pump

Mon, 07/09/2012 - 03:29 | 2598042 GernB
GernB's picture

Forget the economy. The supreme court just demonstrated how to get around any limits of the constitution, by showing how the taxing authority can circumvent the commerce clause. And, stated in clear unambiguous terms the court is not here to protect those who believe in things like property rights, free speach, right to privacy, etc, from a majority that votes those things away from them. In short, we no longer live in a free country where the individual has rights that cannot be voted away from them.

Mon, 07/09/2012 - 03:39 | 2598043 jcpicks
jcpicks's picture

Words you will never hear, from any US President: 'My fellow Americans, we as a nation have simply taken on too debt to sustain ourselves long-term'....

Ignorance may be bliss, but pride is just annoying.

Mon, 07/09/2012 - 03:43 | 2598045 doc_in_the_house
doc_in_the_house's picture

stupid shoe shine boy marc hulbert called the top last week @ spx 1370...he also called the top on Oct 2007 when djia @ 14k he said:  "gonna go to 16k"

i'm coming from MW..AFTER they deleted my account for calling those stupid "reporters" a bunch of idiots! and specially after saying that the dog ate odummer's birth certificate..that really set them off !! LOL !!

Mon, 07/09/2012 - 03:50 | 2598049 doc_in_the_house
doc_in_the_house's picture


a bunch of shoe shine boys n girls over at MW...they are all a bunch of LIBTURDS.  Obviously zero hedge noticed...


the link above was posted on MW by a blogger, when spx @ 1400+ back in late March.  good time to short when the stupid WITCH, kate gibson was telling you that you were an idiot for not buying stocks, that you had no chance of making money UNLESS you BUY NOW, BUY HIGH @ spx 1400+ = MASSIVE SHORT SELL SIGNAL


covered all @ spx 1275 on 6-4-12...because stupid shoe shine boy marc hulbert was telling you to "watch for an avalanche of sell orders on monday 6-4-12" was flat after dropping to 1265...i covered all @ 1275.....went long til spx 1340, and then sold and shorted last week @ 1370.

Mon, 07/09/2012 - 04:04 | 2598052 midgetrannyporn
midgetrannyporn's picture

The verdict of history will not be kind to the once great American Empire.


Written by a retard.

Mon, 07/09/2012 - 07:48 | 2598205 Uncle Remus
Uncle Remus's picture

How, exactly, does that impact the veracity of the statement?

Mon, 07/09/2012 - 04:22 | 2598056 Azannoth
Azannoth's picture

" I’m confused by the Obama distinction between success and utter failure." - No no it's very simple our failure is their success and vice verca

Mon, 07/09/2012 - 04:31 | 2598059 doc_in_the_house
doc_in_the_house's picture

marc faber is ANOTHER SHOE SHINE BOY (one of many)

on 4-1-12 spx @ 1422 he was bullish...and nikkei well above 10k he was bullish..LOL !!


NOW AFTER the pump he is bullish ONCE AGAIN....= SHORT !! LOL !!

on sunday 7-8-12 he said he is bullish european casino markets..says he likes the CAC 40 (french) @ 3200...ok wait for 2800 before short covering and temporarily going long. Worse than being a pseudo doomer (marc faber) is an idiot who likes to buy PUMPS.....ROFLMAO !!

Mon, 07/09/2012 - 05:29 | 2598083 slackrabbit
Mon, 07/09/2012 - 06:26 | 2598114 Snakeeyes
Snakeeyes's picture

True, the economic scorecard for Obama is a failing grade. But Susan Wachter at Wharton is a big cheerleader of Obama. She is the former HUD Asst Secretary under Clinton who went along with the plan to greatly expand lending to lower and middle class (minority) households to buy housing.

Jobs - Fail

Housing Market - Fail

Monetary Policy - Fail

Let's watch the media overreact to ANY positive news before the election.

Mon, 07/09/2012 - 06:26 | 2598115 I am Jobe
I am Jobe's picture

more failures


Indentured Students Rise as Loans Corrode College Ticket


Mon, 07/09/2012 - 06:38 | 2598132 Confused
Confused's picture

33.95 for Mountain Dew? Hahahahahahahahahahahahahahahaha

Mon, 07/09/2012 - 07:44 | 2598199 CharlieSDT
CharlieSDT's picture

Notice the 10c deposit, Michigan.  Michael Moore, is that you?

Mon, 07/09/2012 - 07:48 | 2598208 GetZeeGold
GetZeeGold's picture



Strict limit of 12oz.....and we're really serious about that!


Mon, 07/09/2012 - 06:40 | 2598136 rsnoble
rsnoble's picture

I don't really understand the comment "I guess they were depressed for not receiving unemployment for 2 more years".

This is just a survival game, people will do what they have to do.  The option "just go off to the hillside and die" doesn't cut it for most people. Is it the right thing to do? No, of course not.  It's only human nature to decide you'd rather not be homeless and last time I checked most people like to eat.

Don't blame the people for this mess, they didn't start the wars, they didn't sign Nafta, etc etc etc.  

This idea get off your lazy ass and work when you have graph after graph of NOT ENOUGH FUCKING JOBS for everyone is idiotic.

Finally, trillions have been thrown at bankers, we have idiot leaders that spend $3million on their daughters wedding, don't be bashing people that live in this shithole environment that was created by the elite for trying to survive.

Mon, 07/09/2012 - 07:07 | 2598170 A82EBA
A82EBA's picture

As long as red and blue alternate wins over the long term, the fleecing is done slow enough that the generations get replaced by the time they get wise to whats going on. Financial farmers executing perfect harvest cycles.

Mon, 07/09/2012 - 08:02 | 2598234 Miss Expectations
Miss Expectations's picture

Crop rotation.  Standard farming practice.

Mon, 07/09/2012 - 12:13 | 2598822 Totentänzerlied
Totentänzerlied's picture

Ask anyone left-of-center how they feel about the expansion of redistribution programs and the increase in participants. They will earnestly tell you that the programs were obviously much too small before and all those people new participants would have remained disenfranchised (+10000 proglibdem points for using this word!) had these wonderful redistribution programs not been there. Paeans to Obama will now commence.

Ignore the breathtaking stupidity for a moment, and simply realize that this is the intellectual and politicoeconomic caliber of no less than 50% of the population. This is what we are dealing with. You can't simply label as a failure even the most blatant of moral, political, and ideological failures, because the terms of success and failure do not preserve their meanings across ideologies.

For the proglibdem rubes, Obama's presidency consists of two things: successes and valiant attempts. All valiant attempts resulting in failures are the fault of someone else.

As with the neocons, neokeynesians, et al, we are dealing with true believers who cannot even fathom the possibility that the assumptions motivating their worldviews are flawed or incorrect, making the possibility that they are wrong, ever, precisely nil.



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