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Guest Post: Who Are The Extremists?

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Submitted by Jim Quinn of The Burning Platform

Who Are The Extremists?

“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.” – Ron Paul

 

 The Debt Ceiling Reality Show approaches its grand finale in the next week. The world breathlessly awaits the shocking conclusion. The debt ceiling will be raised. The world will be saved. Wall Street will rejoice. Americans can focus on the important stuff again, like Casey Anthony’s upcoming book, who will win this week’s Toddlers and Tiaras pageant, and the latest app created for their iPads. Based on my observations over the last few weeks, I’m absolutely sure that 90% of the politicians in Washington DC would lose on Are You Smarter than a 5th Grader?

Still, the mainstream media and the performing puppet politicians need to create a fearful frenzy among the masses to insure maximum public relations exposure for their lies, misinformation, and mistruths. Wall Street will exert their control over the debate by threatening to crash the market if they don’t get what they want (aka TARP). I generally ignore the talking heads on Fox, MSNBC, CNN, and CNBC, as I could learn more from watching Cash Cab than listening to ideologues spouting their talking points. But, last night I happened to see an hour or so of Fox, CNN and MSNBC. I saw the full spectrum of right wing and left wing rhetoric and fear mongering. These stations should be ashamed to call themselves news organizations. They do not even purport to report the news. They spew talking points generated by the left and right, depending on the station’s bias. Truth is unavailable on the mainstream media.

What the public doesn’t see is the rooms filled with PR maggots in the bowels of Congress generating talking points and testing them in over night polls of the public. Their sole purpose is to generate a message that will convince the public the fiscal debacle is the fault of the other party. The goal is to gain an advantage in the next elections. The long term future of our country is unimportant to the soulless autobots that get paid to misinform and mislead the masses. Leaving unborn generations with an un-payable debt so we can selfishly cling to benefits promised to us by corrupt politicians who only made the promises so they could be elected, is the ultimate in egocentric myopia.

The deceptive talking points created in smoky backrooms in Washington DC and vetted by Madison Ave maggots are easy to detect. Each side pounds home the exact same phrases on every “news” station:

Republican Talking Points

  • We refuse to increase taxes on all Americans to fix a spending problem.
  • Spending has been out of control since Obama took control of the White House (reference $800 billion stimulus package, home buyer tax credit, and Obamacare).
  • Say that Obama doesn’t have a plan and mention his ten year budget.
  • Tell the American people Republicans are fiscally responsible and the real party of change.
  • The people told them to change Washington with the 2010 election.

Democratic Talking Points

  • The Tea Party EXTREMISTS have hijacked the Republican Party and want to destroy the country by forcing the country to default on its debt.
  • The Bush tax cuts and the Bush wars are to blame for the entire increase in debt and deficits.
  • The Republicans want to protect the richest Americans while cutting Medicare and Social Security benefits for the poor.
  • The Democratic Party will never cut Medicare or Social Security.
  • The Democrats are willing to compromise and act like adults, while the evil Republicans resist all offers to strike a deal.

Depending on your ideology, you will find yourself agreeing with the talking points that strike your fancy. Don’t worry; they’ve all been tested on sample groups of ignorant Americans in order to strike the right nerve. As I listened to that bald headed prick – James Carville – screeching on CNN last night about Bush’s wars and tax cuts causing our economic peril today, I wanted to reach into the TV screen and throttle the weasel faced demagogue. The National Debt on the day Bush took office was $5.7 trillion. On the day he left office the National Debt was $10.6 trillion, a $4.9 trillion increase in eight years. Today, the National Debt stands at $14.4 trillion, a $3.8 trillion increase in two and a half years. That sounds bipartisan to me.

Bush certainly did get the U.S. into two wars of choice and his tax cuts, tax rebate checks and expansion of Medicare have contributed trillions to our deficits. He deserves scorn and contempt. But, I do recall that Democrats supported the invasion of Afghanistan and Iraq. I do recall that Democrats voted for the tax cuts. I do recall that Democrats were gaga about expansion of the Medicare program. A funny thing didn’t happen when Obama was elected. Defense spending did not go down. He increased spending on our war machine. His war budgets put Bush’s to shame. He doubled the war effort in Afghanistan. He upped the ante from two wars to three wars in Libya. The difference between most Bush and Obama policies has been indecipherable.

Carville’s shrill diatribe against the Tea Party freshman in Congress was the most humorous piece of misinformation of his entire rant. He inadvertently struck upon the most revealing point of this entire debt ceiling farce. He said:

“These Tea Party congressmen act as if they don’t care if they are re-elected in 2012.”

And there you have it. These people are not doing what is in their own best interest to get re-elected. They have shocked the vested interests in Washington by sticking to their principles and not playing the games that left the country bankrupt. This is an outrage to non-principled shills like Carville and Rove. This behavior is declared EXTREMIST by the liberal pundits and self interested Washington hacks. People acting in the long- term best interests of the country are seen as EXTREME by neo-cons like Charles Krauthammer and moderate RINOs like John “Crash” McCain. The entrenched Washington ruling class is uncomfortable with any change. The establishment would prefer to lie to the American public again and let future generations worry about the $100 trillion unfunded obligations they’ve created.

Only in America would people trying to balance the national budget be branded extremists. Is the average American who spends less than they make an extremist? In the eyes of Washington politicians and mainstream media talking heads, you would be an extremist. Let’s peruse some facts and judge who the extremists are:

  • Federal government spending has risen from $1.9 trillion in 2001 to $3.8 trillion in 2011, a 100% increase. Federal government revenues grew from $2.0 trillion in 2001 to $2.5 trillion in 2008, before collapsing to $2.2 trillion today. GDP over this same time frame has grown 47%.
  • The annual Federal budget deficit in 2007 was $160 billion. Annual deficits between 2002 and 2008 ranged between 1% and 4% of GDP. Since 2009, annual budget deficits have exceeded $1.1 trillion and will continue to exceed $1 trillion as far as the eye can see. Annual deficits now exceed 10% of GDP.
  • The Federal government spends in excess of $1.2 trillion per year on the cost of present and past wars, or 55% of all tax revenues.
  • With a gun to their head from Wall Street banks, Congress handed over $700 billion of taxpayer money to the criminal banks that had just crashed the worldwide economic system with their casino gambling. These banks have been getting free money from the Federal Reserve since 2008 and have rewarded themselves with in excess of $70 billion in bonuses since 2008.
  • Obama handed $800 billion of pork to his constituents across the country in order to create 3.5 million jobs. The $800 billion is gone and we’re still waiting for the jobs.
  • The home buyer tax credit scheme cost Americans $22 billion, or $100,000 per additional home sold, and home prices are now 5% lower than they were before this worthless Keynesian scam. And prices continue to fall.
  • The Cash for Clunkers debacle cost Americans $3 billion, or $24,000 per junked car, as a payoff to Government Owned Motors and Obama’s union backers.
  • The taxpayer bailout of Fannie Mae and Freddie Mac has cost Americans $160 billion so far, with at least another $150 billion to go.
  • The Federal Reserve tripled their balance sheet to $2.7 trillion and is now leveraged 55 to 1, twice the leverage of Bear Stearns and Lehman Brothers when they failed. A 2% decline in the value of their assets wipes out their capital.
  • The government and Federal Reserve threatened the FASB into changing the accounting rules so the Too Big To Fail Wall Street banks could fraudulently report the value of the assets on their books, to appear solvent.
  • Obamacare will add 30 million people to the government controlled healthcare system, while adding mountains of new bureaucracy, and trillions of added costs.
  • And last but not least, the country goes $4 billion further into debt every day. Or for further perspective: $166 million per hour; $2.8 million per minute; $46,000 per second.

These are the facts of our current economic situation and the liberal mainstream media and slimy politicians like Chuck “I Love Wall Street” Schumer brand the Tea Party congressmen as EXTREMISTS for demanding an end to this out of control Roman orgy of spending. It would be hilarious if it wasn’t so utterly disgusting and sad. The only serious proposal to reverse our course and steer away from the approaching iceberg was made by Tom Coburn a couple weeks ago. It was scorned by the ideologues on both sides of the aisle, as it slashed military spending, closed corporate and individual tax loopholes, ended subsidies, and really addressed Medicare and Social Security rather than changing the CPI index. It was DOA and so is this country.

The Boehner plan and the Reid plan are absolute jokes. The Boehner plan cuts $900 billion over ten years with, shockingly, a whole 2.5% of the savings in 2012. Why cut today when you can pretend to cut in the future? We are on track to add $10 trillion of debt over the next ten years and Boehner’s plan will only add $9.1 trillion to the national debt. That is cutting in Washington DC speak. Harry Reid’s plan is even funnier. His $2.2 trillion in “cuts” includes $1 trillion for wars that won’t be fought and the $375 billion of interest expense that won’t be expended for the wars that won’t be fought. No smoke and mirrors in that proposal. These revolting excuses for leaders have both proposed new commissions to recommend spending cuts that won’t be implemented. These brilliant ideas never grow tiresome and old.

The chart created by Mike Shedlock after Paul Ryan offered an alternative ten year budget three months ago shows you everything you need to know about who the real extremists in Washington DC are. The Ryan budget included much deeper cuts than anything proposed by Boehner or Reid and would still add $9 trillion to the National Debt by 2021. After examining this chart it is clear the establishment of both parties in Washington DC have no plan to cut anything. The good news is the national debt will never reach $23 trillion because our economic system will implode long before we approach that figure.

When you see the old time party hacks and the shrill pundits declare that an agreement must be reached on these fake distant theoretical cuts, you know they just want to protect the status quo. These people have gotten rich from keeping the status quo intact. If EXTREMISM is living within your means, spending less than you bring in, addressing unfunded liabilities, and leaving a country where our children have a fair chance to have a decent future, then count me in the extremist camp. The time is approaching when we need to stand up and be counted. What kind of country shall we be? Do you care?

“The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are being looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care? When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in politics and the media? Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be.” - Ron Paul

 


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Thu, 07/28/2011 - 21:38 | Link to Comment jomama
jomama's picture

on the edge of my seat, bitchez

Thu, 07/28/2011 - 21:49 | Link to Comment Pool Shark
Pool Shark's picture

In these outragiously profligate times; staying within your budget makes you an 'extremist.'

Thu, 07/28/2011 - 22:03 | Link to Comment Conchy Joe
Conchy Joe's picture

For the wages of sin is Debt ...

Thu, 07/28/2011 - 22:19 | Link to Comment HarryWanqer
HarryWanqer's picture

The real extremists are Ron Paul and his young tea-baggers.  They would dare jeopardize this country with a default?  There is at least 10 years left before the game is up.  Let the Baby Boomers enjoy their retirements in piece, by God.  We earned every penny we paid into the system.

If you're young, suck it up and work two shifts flipping burgers.  You can make it if you don't have any kids.

Thu, 07/28/2011 - 22:34 | Link to Comment Astute Investor
Astute Investor's picture

If you're young, suck it up, follow in my footsteps and sell small, home decorative items made in China to mindless twits.

I think this is what you really meant.

Thu, 07/28/2011 - 22:36 | Link to Comment caerus
caerus's picture

you sir...are a moron

Thu, 07/28/2011 - 22:41 | Link to Comment Worker Bee
Worker Bee's picture

Maybe Harry has a point...I mean he has made it all this time flipping burgers and we all know he doesnt have kids,unless he and his lover robo have adopted.

Thu, 07/28/2011 - 23:09 | Link to Comment High Plains Drifter
High Plains Drifter's picture

i noticed he hasn't been on here lately bragging about his same store sales etc............ha ha ha

Thu, 07/28/2011 - 23:34 | Link to Comment Hulk
Hulk's picture

Wrong Harry, you have been half Hammied...

Fri, 07/29/2011 - 00:14 | Link to Comment High Plains Drifter
High Plains Drifter's picture

you are right. my bad.......i saw the amerikan flag and i didn't read his screen name correctly.........

Thu, 07/28/2011 - 23:44 | Link to Comment Ms. Erable
Ms. Erable's picture

It ain't really Harry, just one of the clever re-spellings of the name, presumably for amusement value (this guy is Harry WanQer...).

Fri, 07/29/2011 - 00:09 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

yeah, he sounds like Hammy... maybe the Hambone got bored & reincarnated?

Fri, 07/29/2011 - 00:29 | Link to Comment oldman
oldman's picture

wanger you are, my friend

great handle for the message you bring.

I'm of the generation prior to the yuppie prix; Those robots that never had an ethics lesson, but were trained to 'manage' by deception and manipulation, bending the rules at every turn for their personal benefit.

I am a very loud voice against the people you are representing----even if it is humor----this is the type of humor that is divisive and odious. I don't know about the others, but for me you do not exist, you are a non-person.

if the comment is not made in jest, then you are seriously misjudging the environment that we are now in; I believe in universal justice and all of you babybummers/yuppies will be paid off in full with justice that each of you has earned. You certainly never earned a penny of what you were paid counter to your pathetic claim above.

Sorry, I am not normally this serious, but your comment truly struck a nerve                om

Fri, 07/29/2011 - 01:56 | Link to Comment Escapeclaws
Escapeclaws's picture

If there was any doubt about about this wanker being a troll....

Fri, 07/29/2011 - 02:50 | Link to Comment Caggge
Caggge's picture

The baby boomers earned every penny they stole by spending and putting the bill on the next generation. They earned every penny...that wasn't there. The whole fake economies "success" was never there. Imagine how many less pennies the boomers would have "earned" if there wasn't all the stimulus ie 14,000,000,000,000. It would be fitting if bankruptcy happened and the boomers were forced to live within their means. But like the boomer cowards they are, they would rather leave the debt on their children.

Fri, 07/29/2011 - 04:30 | Link to Comment oldman
oldman's picture

Thanks,Caggge,

You said what I could not find the words to say----sometimes I just get to angry to think      om

Fri, 07/29/2011 - 05:25 | Link to Comment zhandax
zhandax's picture

How 'bout you lame-assed nothings wake the fuck up and realize where the fuck the stench is coming from?  Wall street pumped this shit up both our collective asses as well as the idiot politicians that Wall Street buys like the cheap whores they are.  15 year ago when you fucks were too drunk to realize who 'We the People' are, there were some of us trying to rid ourselves of Clinton and his NWO gang.  You idiots grew up to learn that we were 'a bunch of extremists trying to extinguish the politician who brought the greatest economic miracle ever'.  It was horseshit then and it has been all downhill from there and you fucks cheer for the other side.  Listen to Carville and let him teach you how Wall Street sounds when translated by DC spin meisters, troll.  They think acting responsibly is extremist.  What part of 'extremist' did public school public school fail to teach?  Certainly obummer will appoint a new czar to address this oversight.

Unless you are part of the recent outbreak of paid trolls on this site, why don't you STFU and learn?

Fri, 07/29/2011 - 06:43 | Link to Comment Medea
Medea's picture

Let's play Who Was Oppositional First?!  Life's supply of righteous indignation and moral superiority for the winner.

Sat, 07/30/2011 - 08:41 | Link to Comment Caggge
Caggge's picture

Agreed. Lets get to the start then ya moron. The miracle maker Reagan started all the deficit spending. Trickle down economics....get fookin serious. Sure it trickled down....but it trickled down his leg. The whole game ended when Reagan started his miracles. Some fooking extremist you are....the rich shoot people when they get extreme. What the fook did you do?

As far as blaming it on Clinton, as we hear so fooking often..Clinton had a Republican House and Senate. You had a voice and they let you down. If you weren't concentrating on Clintons blow jobs so much and paid attention to the issues and alerted your representitives...maybe you would have gotten something done.

You seem to think of yourself as an extremist. You are one of the sheeple. Believing in the left/right bullshit. It's all one party. If you are still hating on Clinton and thinking it's all his fault then I doubt anyone will learn anything from a village idiot like you.

 

Fri, 07/29/2011 - 12:41 | Link to Comment Stax Edwards
Stax Edwards's picture

I like the cut of your jib sir.  

Thu, 07/28/2011 - 22:20 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

"I would remind you that extremism in the defense of liberty is no vice. And let me remind you also that moderation in the pursuit of justice is no virtue."

- A Barry that should have been in the White House.

Thu, 07/28/2011 - 22:07 | Link to Comment Conchy Joe
Conchy Joe's picture

We are so far beyond any winning scenario we are only watching them pick a theme for the failure.

Fri, 07/29/2011 - 00:56 | Link to Comment Burgess Shale
Burgess Shale's picture

I didn't see this coming: Boehner is the one who must fall on his sword.

The only solution is compromise with the dems.

Poor Boehner. Now I know why he cries.

His career is finished.

As a politician.

Thu, 07/28/2011 - 22:13 | Link to Comment Diatribe
Diatribe's picture

This is America, we demand more DEBT!

Thu, 07/28/2011 - 21:41 | Link to Comment Ahmeexnal
Ahmeexnal's picture

Malcolm-X was labeled extremist.

Jr. must be too.

Thu, 07/28/2011 - 21:41 | Link to Comment Henry Chinaski
Henry Chinaski's picture

What ever happened to the good old slow speed chase to liven up the summer doldrums?

Thu, 07/28/2011 - 21:43 | Link to Comment Ahmeexnal
Ahmeexnal's picture

The white bronco was auctioned off long time ago.

 

update: I have received confirmation the white bronco was clunkered for cash.

Thu, 07/28/2011 - 22:11 | Link to Comment butchee
butchee's picture

Post of the day!  Thanks for the laugh

Thu, 07/28/2011 - 21:57 | Link to Comment tom
tom's picture

I'm beginning to think Obama is actually clever, or at least someone advising him is. Maybe one of the old grey foxes in the Senate. But I'm pretty sure he deliberately put the ice on the grand bargain at the last minute, because he understood the Rs had walked into a trap.

This is going to end pathetically for the Rs. Having made an issue out of the debt limit, it's almost impossible for them to avoid being blamed for how it will turn out, by almost everybody except committed R voters.

They will miss the Tuesday deadline, by a few days, maybe a week. Long enough to seriously spook the markets. Havoc will be breaking out already on Monday.

In the end the mainstream Rs will pass whatever the Ds put up, just to end their own pain and embarrassment. The Tea Partiers will howl in protest as they look forward to picking up more House seats in the 2012 elections, by which time we will be near to 90% debt to GDP, not counting intragovernmental, and they will be looking prophetic. The Rs will be thrown into disarray and bitter conflict right before primary season.

And if Boehner can't even get a majority in the House for his plan, that's just icing on the cake. A total meltdown.

If the Ds didn't plan this, then they're awfully damn dumb and lucky.

Thu, 07/28/2011 - 22:17 | Link to Comment snowball777
snowball777's picture

Ding ding ding. Correct.

Just look at the pictures of Boner...the orange chump knows his career is flashing before his eyes...you can almost see him huddled in the corner surrounded by paint.

 

Thu, 07/28/2011 - 22:22 | Link to Comment darkstar7646
darkstar7646's picture

Forget his career -- you'd have to think that he is probably a marked man for his life at this point!

He allows the ceiling to be raised, and we all remember what happened to that one Congresswoman from Arizona back in January.

He doesn't, and all Hell breaks loose in the streets, maximum by about Labor Day.

Fri, 07/29/2011 - 11:36 | Link to Comment tamboo
tamboo's picture

the real target was the judge he ( or a second shooter) killed.

http://www.naturalnews.com/031326_Judge_John_Roll_Giffords.html

Fri, 07/29/2011 - 15:55 | Link to Comment darkstar7646
darkstar7646's picture

The next one wouldn't, tamboo. The point is that the time for discourse from the general public probably ended last November with the TP surge in the House.

Fri, 07/29/2011 - 08:17 | Link to Comment Bartanist
Bartanist's picture

Historically the Teleprompter has never cared about the job he had and never bothered to execute it well. He has always been setting himself up for the next job.

If he, with Boner's help, destroy Congress, then he is able to declare himself king, under marshall law. He seemingly has already made his deals with the military, giving them everything they want in exchange for doing his bidding.

Thu, 07/28/2011 - 22:32 | Link to Comment XenoFrog
XenoFrog's picture

The polls show independents fleeing from Obama as if he were a plague carrier. If this is the DNC plan, I'm not sure it's going that swimmingly.

Fri, 07/29/2011 - 01:22 | Link to Comment snowball777
snowball777's picture

http://pewresearch.org/pubs/2071/debt-limit-ceiling-tea-party-compromise...

Large majorities of Democrats (81%) and independents (69%) favor a compromise to avoid default, but Republicans are more divided: 53% favor a compromise, while 38% say lawmakers who share their views should stand by their principles even if it leads to a default.

I'm sorry...you were saying?

Fri, 07/29/2011 - 08:42 | Link to Comment Calmyourself
Calmyourself's picture

PEW, do leftists think we are not aware of the slant their organizations have prior to listing these "polls"  Seriously this crap works on CNN & MSNBC not here.  Sorry you are dealign with the aware here, the minority that have taken the pill reside here and you will have to do better..

Thu, 07/28/2011 - 21:55 | Link to Comment duncecap rack
duncecap rack's picture

Not only does spending have to go down- revenue has to go up. Taxes must be raised now.

Thu, 07/28/2011 - 22:35 | Link to Comment Raskolnikoff
Raskolnikoff's picture

Thinking you can raise taxes is real wishful thinking. Economics is the study of managing scarcity of goods. Lawmakers are about to find out that you can't squeeze anymore tax revenue from this country without causing even more harm to an already wounded economy. There is no way around the fact that we have to spend drastically less to survive. Raising taxes on imported goods is merely an acknowledgement of how low the real value of our currency has gone and will force other manipulators of international currencies of the new true nature of the world economy too. What raising taxes on imports will do is simply downsize purchases but will also serve as a wakeup call to those who thought consumerism is a long term solution to the worlds many problems, as it isn't and can never be. Tame over spending and we naturally waste less natural resources and we won't have such a pressing need for environmental extremism anymore either. this is what we should have done in response to 9/11, but Bush and others took the easier road the eventually lead us to this road anyway, the road of doing better by living on much less.

Fri, 07/29/2011 - 02:24 | Link to Comment Escapeclaws
Escapeclaws's picture

Interesting...

You got me thinking that in America we don't really share things. Each family unit lives completely independently, only borrowing, for example, a lawn mower from a neighbor if their own is broken. When I was in China once, I was struck by the difference between socialism and captalism by seeing some new American-style houses being put up on one side of the street and a big ugly old socialist apartment block on the other side. The five or so American-style houses designed for five families took up the same amount of space as that whole apartment block which was probably home to 50 to 100 families. In terms of comfort, no question the American style houses were leagues ahead. But in terms of overall cost and use of resources, it would be obvious to anyone that the apartment block is far less wasteful. You can certainly live much more cheaply in an apartment as well.

In European countries, likewise the amount of waste of resources is far less. Whole cities are a mixture of modest single family homes and nice looking apartment blocks. Many older single family homes house multiple apartments as well. The cities are much more compact for the same population, and people tend to be out and about and spend a lot of time in the many coffee shops, bars, and cafes. Their apartments are comfortable but small. But with the architectual beauty of the cities, nobody really minds that. There are beautiful public parks within easy walking distance that are well-maintained. The bulk of public expenditure goes toward making life comfortable for the average person. Beautiful public transportation, trains, etc. Lots of publically sponsered cultural activities, great libraries and museums...the list goes on.

The point being that a measure of socialism is actually lest wasteful of resources than capitalism and can lead to a better and more secure life for middle class people. The trick is to combine the best features of both socialism and capitalism, which the Europeans seem to manage to do, in general.

Fri, 08/05/2011 - 14:14 | Link to Comment Raskolnikoff
Raskolnikoff's picture
Escapeclaws, what a coincidence, I've lived in China this past year, Shenzhen is quite a site, endless lines of 40 story plus appartment buildings, living in such a sea of humanity was so interesting. However, I came from the city Daliang, the capital of the Shunde district in Foshan which is right next to Guangzhou City, where like most places in Southern China there were many construction projects going up. On the horizon, as well as in neighboring Lecong (The furniture manufacturing center of the world), one could see lots of big construction cranes dotting the horizon. I love China and the Chinese and marvel at the fact that forty years ago, places like Shenzhen didn't even exist as we know them today, in fact canabalism was the flavor of that era, but today in places like Daliang and Lecong, rows of 40 plus storied buildings go up and remain relatively empty. I hear from the locals that manufacturing is in fact migrating to places out west too, so the question remains, how will they fill these buildings they just raised and the many more following behind these newly raised buildings if all the manufacturing jobs are going west by government design? I appreciate the American scam of the past few decades only by the fact that it enabled a country like China to rise from the ashes and destitution that was Mao's cultural revolution of the 70's. Even if it was all fake it at least accomplished the feat of bringing China back on a reasonably modern country. However, the flip side is the thick pollution that exists in towns like Lecong, where most days one rarely sees the sun through all the smog in the sky.
Thu, 07/28/2011 - 22:44 | Link to Comment Calmyourself
Calmyourself's picture

Oh yeah absolutely, Government pulling more money out of the productive economy to fund absurd spending of al l types  is the real solution look how well they have done with the money so far you f'in idiot..  Government has nothing, no money, no resources of any type that were not extracted at gunpoint from some individuals productive effort.  Back to huffpo fool..

Fri, 07/29/2011 - 01:28 | Link to Comment snowball777
snowball777's picture

You're right. We need that money in the private sector where the non-absurd and "productive" spending happens.

 

Fri, 07/29/2011 - 08:36 | Link to Comment Calmyourself
Calmyourself's picture

You obviously missed the part about it not being "your money"  Useless snark which is about what I expected, how is that envy problem coming along still green in the gills?

http://www.darwinsmoney.com/dumb-stimulus-bill-spending/

10 stupidest stimulus projects, any and I mean any private use, coke, hookers any private use is better than pissing money away by .gov

Fri, 07/29/2011 - 04:17 | Link to Comment VodkaInKrakow
VodkaInKrakow's picture

Our Government is bad. Because we put the wrong people there to run it their way. Not in a sensible way. Gub'mint bad, Bid'ness gud.

How are the roads and railways and airlines you fly on... without government, none of that would happen... The Internet? Gub'mint. Your pacemaker courtesy of NASA.

How about those TBTF? That is part Capitalism. It is the result of Capitalism. Un-regulated or de-regulated Capitalism. Capitalism that many worship.

No, we have a government run by the wealthy for the wealthy. And that needs to go. It needs to go in whatever way... starting with the non-violent and praying that it never gets to the violent solutions.

Fri, 07/29/2011 - 08:01 | Link to Comment colorfulbliss
colorfulbliss's picture

I believe you need to spend a little time studying the origin of the US railway and roadway system before making such an ignorant comment.

Fri, 07/29/2011 - 08:37 | Link to Comment Calmyourself
Calmyourself's picture

Don't bother in their little pointy heads .gov makes it happen by magic..

Fri, 07/29/2011 - 10:19 | Link to Comment goldsaver
goldsaver's picture

Hmmm, I don't know how it is done in Krakow but, in the US the roads are built by construction companies (private) who are paid by confiscated funds from the citizens. No government employees actually build roads. Railways? The only successful rails in the US were privately funded. The original rails were laid by either: Private capital or Public funding. The ones done by public funding (Central Pacific and Pacific Northern, later purchased by a private company and merged into Union Pacific) failed and were abandoned. The only "public" rail left is Amtrak, and it runs at a deficit every year. The internet? Yes DARPA came up with the concept first but, the protocols, structures and key components were privately developed. The government contribution to it went as far as the old bulletin board systems prior to Netscape and earth link.

The TBTF are not capitalism. Sorry. Private profits and Public debt are part of Fascism or more correctly of a true Banana Republic. They are as far from capitalism as DWTS is from the Bolshoi ballet.

Thu, 07/28/2011 - 23:32 | Link to Comment Blano
Blano's picture

An organization that takes in $2 trillion IN ONE YEAR doesn't have a revenue problem.

Now fuck off.

Fri, 07/29/2011 - 06:28 | Link to Comment Bob
Bob's picture

Ignore that man behind the curtain!

Fri, 07/29/2011 - 07:44 | Link to Comment Silver Dreamer
Silver Dreamer's picture

That's easy to do when you are stealing 12% of my income to fund it.  Fuck off indeed.  Stop stealing my property.

Fri, 07/29/2011 - 08:20 | Link to Comment Bartanist
Bartanist's picture

You say that with such certainty, but why? It may be true ... but I just have to question a statement that seemingly is just a regurgitation of what someone else has said.

Thu, 07/28/2011 - 21:59 | Link to Comment DutchRollMode
DutchRollMode's picture

Don't mind the extremism of others, take it upon yourself to get what has to be done. The virtues of other people need not get in the way if you want to make a world of your own design.

Thu, 07/28/2011 - 21:59 | Link to Comment DutchRollMode
DutchRollMode's picture

Don't mind the extremism of others, take it upon yourself to get what has to be done. The virtues of other people need not get in the way if you want to make a world of your own design.

Thu, 07/28/2011 - 22:03 | Link to Comment Atomizer
Atomizer's picture

Its like watching children on a romper room episode. See, they forget many of us watch Davos. This suppressed story will be haunting them. Our US elected proles do not work for the beet pickers who elected them.

Davos -2009

http://www.youtube.com/watch?v=DqWb6cwBZrw

 

Thu, 07/28/2011 - 22:06 | Link to Comment RobotTrader
RobotTrader's picture

<--Yes, I would bone Casey Anthony.  Love those tits.

<--No, she's a skank, wouldn't touch her

 

After a deal is struck the news will once again focus on what Casey Anthony is doing.

And whether or not the NFL players are going to be in shape in time for pre-season

And whether or not the NBA lockout persists

Or who is going to win the NASCAR cup this year

Thu, 07/28/2011 - 22:19 | Link to Comment snowball777
snowball777's picture

Let us know when that ignorant piece of trash ends up in a swamp.

Thu, 07/28/2011 - 22:23 | Link to Comment darkstar7646
darkstar7646's picture

She'll never walk in public again.

Thu, 07/28/2011 - 23:30 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

well, shit, Robo, I gotta hand it to ya - you sleaze. You really should run for Congress with that kind of talent, to wit: the classic no-win dilemma: if I want to junk YOUR MISERABLE PUTRID FUCKIN' POST ITSELF, I have to call Casey a skank - and I have no opinion, ergo "junk" denied. Call the White House....they might be looking for a Press Sect'y.  BTW, when did you stop beating your wife?

Thu, 07/28/2011 - 23:41 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Good one, Robo.

If you do bone Casey Anthony you don't need to use birth control: she'll take care of any 'surprises' in her own unique way

Fri, 07/29/2011 - 03:00 | Link to Comment Caggge
Caggge's picture

If you boned Casey, would you trust her if she said she wasn't faking it? In 5 years, she will be on boxing with the stars and have Tonya Harding as her opponent kicking her ass.

Thu, 07/28/2011 - 22:11 | Link to Comment Diatribe
Diatribe's picture

I want to walk around with a sarcastic protest sign:

MORE DEBT NOW!  MORE DEBT NOW!  

Thu, 07/28/2011 - 22:11 | Link to Comment ISEEIT
ISEEIT's picture

Tea party. Deal with it. At the end of the day, the movement to protest an overbearing/over reaching/corrupt/ineffective/MURDEROUS regime comes down to the caricature of a bunch of racist in revolutionary war costume spitting on Black Americans celebrating a 'victory' in the sickcare war?

Glad to see ZH getting with the program. Who are the 'adults in the room'?

Tea party would be fine with your gayness, fine with your atheist views, fine with you smoking a bowl.

The regime has been allowed to propagandize who we are by portraying who we are not.

Honestly people, we all have our issues and we will not ever all 'just get along'. But the fact is only one force is demanding HONESTY and SOCIETAL RESPONSIBILITY. Become a force in that or by your passivity you allow the regime to win.

That IS the bottom line and if you hedge it at all then you are a coward and complicit in supporting the authoritarian regime we presently are under the thumb of.

Fri, 07/29/2011 - 00:40 | Link to Comment Havana White
Havana White's picture

ISEEIT:  Get back to me when you kick the Koch Bros. off your coaching staff.

Fri, 07/29/2011 - 06:35 | Link to Comment ISEEIT
ISEEIT's picture

Havana:

You seriously need to be deprogrammed. The Koch Bro's did in fact financially support the early tea party. So what? Life long Libertarians support a political response to massive over reach by the radical left? Imagine that. Keep mocking that which you don't understand. Proves why they don't call people like you 'useful geniuses'.

Fri, 07/29/2011 - 06:38 | Link to Comment Manzilla
Manzilla's picture

That's true they have been able to propagandize against you but that's because you have allowed them to.  There are so many different Tea Party groups around the country, it's hard to tell whom stands for what. I have no more beef with the Tea Party then I do the Dems or GOP but they are not an independent voice. To say it isn't a wing of the right is disingenuous.(Not that there's anything wrong with that) It certainly is not made up of the "middle". I applaud what they try to do but the fact that it's been hijacked by a bunch of failed christian conservative scares me. At least they finally figured out that most of this country doesn't want to hear all their whining about gay marriage, abortion, etc. My biggest gripe is with the name. The actual tea party was a sacred event in our history and the fact it's now being used as a political platform is disrespectful in my opinion. I wish Santelli would've said something different. The tea party should be something for the whole country to celebrate not for one side of the aisle to use to push an agenda. Let's face it, that's what's going on here.

Thu, 07/28/2011 - 22:12 | Link to Comment oogs66
oogs66's picture

Eventually some politicians will get elected for doing the right thing and maybe the rest will get kicked out and over time we can have real change

Thu, 07/28/2011 - 22:23 | Link to Comment Manzilla
Manzilla's picture

Won't happen if it's just some. We need all to go!

Thu, 07/28/2011 - 22:14 | Link to Comment Sledge
Sledge's picture

 

 

Nothing new for me here. Is the country now ready for Ron Paul? We all agree on ending the Fed, which would be an incredible giant step in reclaiming our country. But few words are spoken of Ron Paul, the ONLY candidate which would attempt this death-defying feat.

Who does not want Ron Paul to be the next POTUS? The Banks, Big oil, MSM, IMF. So who's side are YOU on?

So if you want PAYBACK and want to be an EXTREME pain in the ass of TPTB....Check it out.... ronpaul.com

Thu, 07/28/2011 - 22:23 | Link to Comment Worker Bee
Worker Bee's picture

We are past the event horizon. If Ronny runs he will be known as the president that destroyed the world,only cause the sheeple are mouth breathing apes that will never be able to put it all together and see that Ronny was a day late a dollar short in turning the Titanic hard port to avoid the great fiat iceberg clusterfuck.

Thu, 07/28/2011 - 22:25 | Link to Comment darkstar7646
darkstar7646's picture

We're gone, yeah.

The problem is that ending the Fed _ENDS THE US DOLLAR_ full-stop. FF&C, my ass. That's about to leave the playing field. (Read somewhere that one Chinese agency actually only has us now at A+.)

Thu, 07/28/2011 - 23:49 | Link to Comment Man Bear Pig
Man Bear Pig's picture

the USD was around long before the fed. it will be around long after... may i ask how you've come to your conclusion?

Fri, 07/29/2011 - 15:56 | Link to Comment darkstar7646
darkstar7646's picture

As I said, "FF&C, my ass." The Full Faith and Credit of the United States is _dead_.

Fri, 07/29/2011 - 00:35 | Link to Comment Sledge
Sledge's picture

 

 

@darkstar

You made Ted Turner smile!

Fri, 07/29/2011 - 08:37 | Link to Comment Bartanist
Bartanist's picture

It takes the US dollar out of the hands of a malignant foreign government, the international banking empire headquartered in Basel, and puts it back in the hands of the USA government. New banks can be formed and the old can be allowed collapse under a the massive stench of corruption.

Unfortunately no one in government will know what to do since all those currently in government have been told how to think, what to do and what to say.

The bank is still too powerful and unless some rogue hero evens the odds, Paul and independence will never have a chance.

Fri, 07/29/2011 - 15:57 | Link to Comment darkstar7646
darkstar7646's picture

I ask you the same question I ask those of all stripes, from the Karl Denninger side to the LaRouchies:

HOW DO YOU MAINTAIN SOCIAL ORDER IN THE INTERIM?

My answer: You _can't_!

Fri, 07/29/2011 - 00:36 | Link to Comment Sledge
Sledge's picture

 

 

Worker Bee, Jamie Dimon would agree with you.

Thu, 07/28/2011 - 22:28 | Link to Comment Pure Evil
Pure Evil's picture

 

 

If Ron Paul gets elected in 2012, he will be nothing more than the captain of the Titanic right before it rams the iceberg.

Ron Paul should have been elected in place of the proto-fascist Bush the younger in 2000.

Then we might have been able to avoid the vast majority of what transpired since that fateful year.

Thu, 07/28/2011 - 22:37 | Link to Comment Dr. Engali
Dr. Engali's picture

The other day a gentleman from the republican party called me to see if I would send them money (I'm a recovering republican clean and sober for five years now). Anyway I started talking about the fed and the history of the fed, it's formation and goals. So when it cane down to the nuts of the conversation I said if I give any money it won't be to the republican party it will be directly to Ron Paul...... He directly proceeded to hang up on me. Made me feel good inside.

Thu, 07/28/2011 - 23:14 | Link to Comment jomama
jomama's picture

um, if RP actually had a snowball's chance a supernova of winning that blue ribbon in the sponsored circus he's be suicided before you could type that up.

there is too much money and power involved to stop or even hinder the intertia in play.

Thu, 07/28/2011 - 23:57 | Link to Comment Man Bear Pig
Man Bear Pig's picture

pay no attention to the man behind the curtain... instead, look at all my money debt and power (to instill fear).

there are billions of us. how many of them? just look behind the curtain...

Fri, 07/29/2011 - 01:30 | Link to Comment snowball777
snowball777's picture

The man has made a fine career out of also-running. Where does all that money he collected from moneybombs go anyway?

Thu, 07/28/2011 - 22:21 | Link to Comment Manzilla
Manzilla's picture

Both parties are acting like extremists but they are. A bunch of partisan hacks. I think the best thing that could be done is if all networks refused to have politicians on the air. They spend more time on TV spinning crap then they do doing there jobs. It's nothing but an endless propagandafest where they spew recycled messages uninterupted and unchallenged. It's dumbing down the population minute by minute. They all puke up nothing but bullshit. The blatant dishonesty is disgusting and sicker yet is there actually are people out there that buy what they are saying. Really people? Can you honestly tell us that the politician you support is actually telling the truth? If so you are, at a minimum, partially retarded.

Thu, 07/28/2011 - 22:32 | Link to Comment DonnieD
DonnieD's picture

partially?

 

Edit: Crossout doesn't work and this site runs at a snails pace now.

Thu, 07/28/2011 - 22:26 | Link to Comment darkstar7646
darkstar7646's picture

Said this for years in other fora:

Truth = Riot.

Thu, 07/28/2011 - 22:20 | Link to Comment RiverRoad
RiverRoad's picture

August 15th is the 40th anniversary of the dollar going off gold backing.  Thanks Tricky Dick for flushing us down the toilet.

Thu, 07/28/2011 - 22:21 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

A politician thinks of the next election; a statesman of the next generation” --James Freeman Clarke

Thu, 07/28/2011 - 22:22 | Link to Comment RoRoTrader
RoRoTrader's picture

Mike, Mike, Mike Shedlock, Mish, Mike, Mish.........Mish,  Mish/Mash.........playing with minds....... Ben Bernake on one side of the coin, Eric Cantor on the other.

Fuck off.

Thu, 07/28/2011 - 22:23 | Link to Comment oldmanagain
oldmanagain's picture

To satisfy Pub districts Obama should cut off all government expenditures.  This would help the deficit immensely.

Thu, 07/28/2011 - 22:23 | Link to Comment Taint Boil
Taint Boil's picture

\__

\__

MSM .. ha, can't even watch it for even a minute. James Carville - what an A-hole, can't watch him for even a second. When I look at him I envision a 2x4 in both hands raised over my head ......... anyways

Fox News - A Must Read About FOX News Brainwashing Americans. Found it here at Grow-Guides, middle of the page.

Water finds it's own level in the end. I'm guessing our children will be reading about this in the history books. They'll be laughing and shaking their heads saying what were they thinking. 

Thu, 07/28/2011 - 22:27 | Link to Comment darkstar7646
darkstar7646's picture

You may wish to ask how many children there will be to do so, however...

Thu, 07/28/2011 - 22:29 | Link to Comment DonnieD
DonnieD's picture

Can't stand any of the partisan TV hacks but I'll see your James Carville and raise you a Paul Begala

Thu, 07/28/2011 - 22:30 | Link to Comment Manzilla
Manzilla's picture

Are you seperating MSM and Fox News? Or was that unintended? Cause FNC is definitely part of the MSM regardless of whether the clowns on Fox & Friends try to spin it differently. I've always gotten a good laugh when the hosts say things like "It's the MSM". Like those busters are something else....pfff. Good point though. I can't disagree.

Thu, 07/28/2011 - 22:27 | Link to Comment MobBarley
MobBarley's picture

PRESIDENT MICHELLE BACHMANN is sure being allowed A LOT OF AIRTIME for some reason.

 

Thu, 07/28/2011 - 22:43 | Link to Comment snowball777
snowball777's picture

Can you think of a better conservative opponent to run against than the unfit for office crazy lady? Nuff said.

Sat, 07/30/2011 - 04:28 | Link to Comment Caggge
Caggge's picture

Crazy bitches are the best in bed. She'd rip your nuts off.

Thu, 07/28/2011 - 22:29 | Link to Comment GeoffreyT
GeoffreyT's picture

Buckle up, bitchez - when they finally do exactly what they were always going to do (i.e., grant themselves an increase in their credit card limit), USDX will kick shorts in the cock - short USD has become the 'obvious' trade now, so it is the wrong side of the boat (just as 'long USD' was obvious back when USDX was 120, and 'buy Nortel' was obvious when Nasdaq was at 5000... remember that?).

Contrarianism rules, motherfuckers. (On that basis, maybe we should expect a USDX/SPX decoupling? That would have to happen for there to be a stock orgasm after the debt deal is agreed upon, and y'all know that PPT will be in there pumping ES like Limbaugh on a Dominican boy-slave).

Thu, 07/28/2011 - 22:29 | Link to Comment Manzilla
Manzilla's picture

Oops. Double.

Thu, 07/28/2011 - 22:30 | Link to Comment pain_and_soros
pain_and_soros's picture

Sadly, the answer to Ron Paul's questions is that the US as a whole, doesn't care enough about government corruption and the looting of the average american for & by Wall Street, at least until enough of them have their standard of living directly impacted.

Unfortunately, by then, the problems will be unsolvable & the country insolvent - with the looters having fleed after having fleeced the country, leaving the ignorant to try to pick up the pieces of a hollowed out shell.

The people in power have been corrupted in absolute terms -  they act as if they are immune to the consquences of their actions - like the captain of the Exxon Valdeez, they drunkenly believe they are invincible and no matter how reckless their judgement or decisions are.  They, like so many others in the past, won't have to pay for them.  They are the entitled - entitled to power, to promise anything without having to deliver, and to be protected with immunity when the $hit hits the fan, since they did everything they could & the calamity they caused was unforseeable.

Thu, 07/28/2011 - 22:31 | Link to Comment pain_and_soros
pain_and_soros's picture

double post

Thu, 07/28/2011 - 22:32 | Link to Comment mmlevine
mmlevine's picture

No vote tonight.

Thu, 07/28/2011 - 22:40 | Link to Comment snowball777
snowball777's picture

The Cash for Clunkers debacle cost Americans $3 billion

Hmmm...it was $2.877B, but what's $123M between friends. And 2.877B / 690,114 == ~4100....not 24,000...someone can't divide either.

690,114 cars...at an average 9.2 mpg improvement each...divided into the typical commute of 13,000 miles per year == 975M gallons of fuel / 50M bbl

...at $3.70 per gallon...that'd be $3.6B.

Maybe some people just like paying more for gas because of higher (inflexible) demand from shitty vehicles (other than fucktards in SUVs, of course).

 

Thu, 07/28/2011 - 23:39 | Link to Comment Fanakapan
Fanakapan's picture

I like SUV's, but then again I have doubts about Oil coming from Dinosaur Poop :)

Fri, 07/29/2011 - 01:17 | Link to Comment snowball777
snowball777's picture

Goes great with your flat earth and the sun the revolves around it.

Fri, 07/29/2011 - 08:12 | Link to Comment Jim Quinn
Jim Quinn's picture

Wrong douchebag. Your ideology doesn't trump the facts:

Taxpayers ended up paying an average of $24,000 per vehicle for the cash-for-clunkers program over the summer when sales that would have happened anyway are taken into consideration, says car-buying research site Edmunds.com.

The program, which cost taxpayers $3 billion, gave car buyers up to $4,500 in incentives to trade in their gas-guzzling clunkers to buy new fuel-thrifty cars. It was intended primarily to spur sales, and the economy.

But Edmunds.com says a lot of those sales would have happened anyway, with or without the clunkers program. Of more than 690,000 vehicles sold, only about 125,000 of the sales were entirely due to the government's added inducement, Edmunds.com says. The rest of buyers just got lucky by getting the government to kick cash into deals that they would have proceeded with anyhow. When the cost of the program is spread over just those extra incremental sales, the total is $24,000 per vehicle.

That's just about $2,000 shy of the average amount paid for a new car by buyers in August, $26,915.

To conduct the analysis, the Edmunds.com looked at the sales trend for luxury vehicles and others not included in cash for clunkers. It then applied those sales against the total adjusted sales rate of all cars to make estimates. "These estimates were independently verified through careful examination of sales patterns reflected by transaction data," it says.

“This analysis is valuable for two reasons,” said Edmunds.com CEO Jeremy Anwyl. “First, it can form the basis for a complete assessment of the program’s impact and costs.  Second — and more important — it can help us to understand the true state of auto sales and the economy.”

 

Fri, 07/29/2011 - 09:24 | Link to Comment DOT
DOT's picture

You are correct, Sir.

+1 AU  (Arrow Up)

Fri, 07/29/2011 - 10:41 | Link to Comment goldsaver
goldsaver's picture

Lets assume that all your numbers are correct. Big assumption but, I feel generous this morning. So your argument is that its ok for the federal Government to plunder $2.877B from 150 million taxpayers (the half that pays taxes) in order to provide a $3.6B fuel subsidy to  690,114 people (don't know how many of those would be tax payers but, it does not matter)?

In essence, even if it all worked, that is all it was. A $2.877B wealth transfer from 150 million taxpayers to 690,114 people. And that assumes that the people that bought the new cars would:

Not have bought new cars anyway

Not changed their driving habits due to the higher gas cost on their old clunkers anyway

Did not increase their gas consumption based on the lower overall gasoline cost (their own as a result of higher gas mileage)

etc...etc...etc.

Thu, 07/28/2011 - 22:48 | Link to Comment Caviar Emptor
Caviar Emptor's picture

All the House and Senate guys want to increase the debt ceiling so they can continue to gorge themselves. Each time they make money. They are paid to keep the game going. 

Thu, 07/28/2011 - 22:48 | Link to Comment iamse7en
iamse7en's picture

<---- Let's give a nice golf clap to Jim Quinn for this brilliant article. Quality.

Thu, 07/28/2011 - 22:54 | Link to Comment hound dog vigilante
hound dog vigilante's picture

The Tea Party Republicans ARE THE ADULTS in the room.

Boehner & McConnell are lining-up w/ their fellow career politiicians Pelosi & Reid in a one-party suicide pact.  Good luck with that.  Have a look at the 2010 election results... status quo incumbents are toast, both Rs & Ds.

No deal is the best possible outcome. Debt ceiling remains intact and these asshats have to FINALLY make some hard decisions.  Dems haven't bothered to submit a budget for the past two years now, and the White House hasn't put details on the table... ever.  Talk about leading from behind.

The Tea Party freshmen are reps with guts - they'll be re-elected easily, and even more Tea Party freshmen are coming in 2012. This is just the beginning...

 

Thu, 07/28/2011 - 22:59 | Link to Comment YC2
YC2's picture

Autobots?  More like Decepticons.

 

Or ...Decepticongress!

 

I hate these wordplay memes but I just had to put that out there.  I refuse to capitalize the "con".

Fri, 07/29/2011 - 01:18 | Link to Comment snowball777
snowball777's picture

You just capitalize on the con, eh Yen?

Fri, 07/29/2011 - 04:32 | Link to Comment WaterWings
WaterWings's picture

I dub thee "Snarky Troll".

Thu, 07/28/2011 - 23:06 | Link to Comment Caviar Emptor
Caviar Emptor's picture

American citizens have a poor attention span and an even poorer memory. They like to eat bullshit shoveled in their faces by preachy politicians claiming to be "pure of heart". Funny you can never find one after a bout a year or so in DC. That's cause they work for and with big money interests. It's the only way they can get elected. They all sound good till they get there, then their actions speak louder. 

Too much power in too few hands. The game will simply go on without you if you get cut out . That's what they want. Your money

Thu, 07/28/2011 - 23:11 | Link to Comment dust to dust
dust to dust's picture

 Who are these souless autobots that get paid to misinform and mislead the masses?  WE want names. Do they respect their own families?  Where do they come from and what streets do they live?  We have a clue AND can take action by any means. Discource first. Questions to be answered.

Thu, 07/28/2011 - 23:18 | Link to Comment sdmjake
sdmjake's picture

Apparently a little civil disobedience is going to be needed. Here's one to inspire the crowd. Long...but worth it.

http://www.commondreams.org/view/2011/07/26-13

 

Thu, 07/28/2011 - 23:18 | Link to Comment natty
natty's picture

 

Colts owner Jim Irsay has every intention of making 35-year-old Peyton Manning the highest-paid player in National Football League history, but recognizes that money will be needed to build the rest of the roster.“I have offered to make him the highest-paid player,” Irsay said on Monday night. “But we need people to surround him to have a chance to win a Super Bowl.“Under the new system, you cannot pay a player $25 million per year. It is just not going to work. You are not going to be able to compete.” The Colts used the exclusive franchise tag on the future Hall of Famer, which guarantees a $23.12 million base salary for 2011. Manning’s rookie contract was worth a maximum of $48 million, while his 2004 extension which came about after being franchised was worth $98 million over seven seasons. Patriots quarterback Tom Brady is the NFL’s highest-paid player, signing a four-year $72 million extension last September. Brady’s maximum cap hit is $18.2 million around 15% of cap and $26 million of the deal is deferred to following seasons, freeing up cash for the Patriots to surround Brady with the help he needs. Peyton Manning will wear Dallas Cowboys Jerseys and play for Indianapolis Colts for more seasons due to his expensive contract. You can log on our Custom Jerseys Shop and select our best quality Cheap NFL Jerseys and NFL Jerseys News if you are true fans of Peyton Manning and Indianapolis Colts.

Thu, 07/28/2011 - 23:22 | Link to Comment caerus
caerus's picture

go cowboys...junk welcomed

Thu, 07/28/2011 - 23:35 | Link to Comment Caviar Emptor
Caviar Emptor's picture

One of my favorite chapters in US History (not taught in your Sunday School): Bank of Credit and Commerce International (BCCI), aka Reagan/Bush's dirty little conspiracy. The bank laundered drug money from Columbia and Afghanistan to fund CIA covert ops all over the globe, including Afghan Mujahideen (aka Al Qaeda) and the Iran Contra affair to fund revolutions in central America. Banks in the US were involved. Among BCCI's clients: Saddam Hussein, Manuel Noriega, Abu Nidal, the Medellin drug cartel (all of whom have been taken out) and Oliver North. 

THe fallout from those little affairs guided most of US foreign policy for the last 30 years. Many Americans have died in the name of BCCI (without ever knowing). And you the taxpayer are still paying

Fri, 07/29/2011 - 00:08 | Link to Comment gangland
gangland's picture

 

bravo jq, could never have said it better.  i always talk shit to your millenial/giant cycle posts because i think theyre shit. and you're feisty too and come back and defend hard (it's fight club right?).  big ups to ya.  no need tho this time jq, nice post.!

 

 

as an aside, i actually think, inter alia, the fight club narrative is what makes this site unique. you know what i mean?

every time i post here, and i post no place else on the internets, that should tell you how much i respect this place, i expect to get hit, i look for it, i want it, that's the entire point. it's cathardic, im dealing with smarter people than me and i dont have to hold back, dumb down.

peace

 

Fri, 07/29/2011 - 00:30 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

didn't want you disappointed, so gave you the 1st one (no charge)

Fri, 07/29/2011 - 00:46 | Link to Comment gangland
gangland's picture

 

ok, but damn man why the ear??

 

 

Fri, 07/29/2011 - 00:14 | Link to Comment steve from virginia
steve from virginia's picture

 

Somehow the world isn't going to end on Tuesday even though the Leaders might trigger a deleveraging event that nobody will be able to stop.

As they ALMOST did on October 19, 1987, stocks might go to zero. The credit markets might freeze up. Nobody might be able to borrow to service leveraged derivatives 'packages'. Mortgage rates might go up.

Aren't you glad you bought your house last week and not next week?

This is just democracy in action, folks. It's messy. People make mistakes, miscalculate. Look @ Prohibition. Our Leaders don't have experience in dealing with crises, they're supposed to get on talk shows and posture. All of them are over their heads.

It's a bit like going over to Andy Warhol's 'factory' in 1964 and asking Ultraviolet or Edie Sedgewich to run the country. No. Can. Do, They can look good on a magazine cover, however.

The world won't end. In any bunch of Edies there are the occasional Lou Reeds. Someone will emerge with a good idea or two. Life will march on.

My guess is that a plain-vanilla debt ceiling extension will be passed over the weekend but not after the same plain-vanilla debt ceiling extension is brought to a vote, maybe tomorrow night. That way the radicals can vote against it. Afterward the same folks can vote for it and forestall 'default' for another month or so.

Make no mistake about it, the US is broke. Not because it spends so much but because we've spent without earning from the spending. We needed some large recessions along the way from the post-war period to clear out the debt overhang and align the country's expenses with its inputs. We needed sobriety when it mattered back in 1980 or so rather than the decades-long party that is now over.

Now? No gas. Party over.

Fri, 07/29/2011 - 00:29 | Link to Comment gangland
gangland's picture

 

great take svf, to the point and chillaxed. big ups!

 

Fri, 07/29/2011 - 00:31 | Link to Comment gwar5
gwar5's picture

nice post!

Fri, 07/29/2011 - 01:07 | Link to Comment gwar5
gwar5's picture

Thanks Jim!  Anytime I can get a tickle out of Rajun Cajun Carville's silliness it makes my day. Boo-yah!

Carville’s shrill diatribe against the Tea Party freshman in Congress was the most humorous piece of misinformation of his entire rant....  He said:  “These Tea Party congressmen act as if they don’t care if they are re-elected in 2012.”


Never ceases to amaze the MSM continues to try to label the TP as extremists just for wanting fiscal responsibility and Consitutional rule of law. Says a lot about the MSM and what TPTB think are the real threat. The more they squeal the more you know they're on the right track. I'm glad so many amazing people had the guts to step forward knowing what was going to happen to them. 

 

 

Fri, 07/29/2011 - 01:08 | Link to Comment Peter K
Peter K's picture

WRONG. What we are seeing is the battle between the corrupt and irresponsible establishment and reforming force of the Tea Parties. The battle is being fought inside the Republican Party. And the reason for that is that the other party, has evolved into nothing more that a revolutionary Marxist movement that only has utter contempt for the rule of law or for the principal on which our great nation was founded. And those poor establiment middle of the road Republicans are caught in the cross fire. And like the old Texas saying goes, the only thing in the middle of the road are tellow stripes and dead armidillos ;)  

Fri, 07/29/2011 - 02:00 | Link to Comment Frederic Bastiat
Frederic Bastiat's picture

Here is a perfect example of a person who is swayed by poor rhetoric, and thus votes for the wrong people.  To him Democrats "have utter contempt for the rule of law"  and are "Marxist" and "revolutionary", moderates are "establishment" meaning they want the status quo.  I would argue that all of these beliefs miss reality.   We need people seek equity and truth making our public policy, not people who spend their time parroting propaganda.   

Fri, 07/29/2011 - 01:12 | Link to Comment AndyR
AndyR's picture

"The long term future of our country is unimportant to the soulless autobots Deceptacons that get paid to misinform and mislead the masses."

 

There, fixed it for you...

Fri, 07/29/2011 - 03:44 | Link to Comment James T. Kirk
James T. Kirk's picture

That explains it.  Bernake is really a giant printing press from Cybertron, who transforms into a bald humanoid android with a beard.  That makes Timmy a helicoptor.

Fri, 07/29/2011 - 10:47 | Link to Comment goldsaver
goldsaver's picture

Shit.. coffe out the nose hurts like hell....

Fri, 07/29/2011 - 06:23 | Link to Comment Sathington Willougby
Sathington Willougby's picture

I found the source code:

10 BEGIN

20 LIE PLEASANTLY

30 CHASTISE DIVISION

40 COLLECT

50 GOTO 10

 

It runs in both operating systems.  Don't try to run it on a third operating system.  Your mom will be beheaded by Al Quaeda.

Fri, 07/29/2011 - 01:16 | Link to Comment dust to dust
dust to dust's picture

 Extreme is a stong linguistic. Circumtances under control. We are all there. Remain calm. It is within the ZONE.

Fri, 07/29/2011 - 01:42 | Link to Comment cocoablini
cocoablini's picture

Its easy to be an extremist here on this topic, because like Pro-Life/Pro-choice it's just an opinion.

There is no right solution because its near hopeless to do anything without massive pain.

So the choice of the White House is clear-make bondholders first in line. And they are maligning the Republicans?

Republicans can play chicken-default is unavoidable so might as well ruin Obama and Nancy on the way down to HELL. If we are going down, we are all going down together-except those in power will be made whole as the middle class and the rest of the world tears itself apart by war or flatout stealing(Federal Reserve)

Fri, 07/29/2011 - 01:46 | Link to Comment Frederic Bastiat
Frederic Bastiat's picture

This is our fault.  We elected stupid uncompromising representatives, and we are unable to cut through poor rhetoric.  This is what we deserve.  

Fri, 07/29/2011 - 06:14 | Link to Comment Sathington Willougby
Sathington Willougby's picture

 

The livestock er uhm I mean people are too stupid to know what they want.  Permanent Super Congress To the Rescue!

Fri, 07/29/2011 - 03:42 | Link to Comment qing
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removed content (spam)

Fri, 07/29/2011 - 09:08 | Link to Comment GCT
GCT's picture

Most likely going to get brutally flamed by some of you, but here I go.  I actually find it refreshing some politicians are keeping his or her word after being elected on the platform of cutting spending and balancing the budget.  The ole guard in the parties needs to go.  I have been coming here to this site reading it for a long time.  Most of you want change, but when it come to change, people whine.

Boehner and his lot should be tossed out on their rear ends.  I actually went to a Tea Party meeting.  I tend to want to see with my own eyes what they stand for.  I was actually shocked to arrive and see informed speakers with black, white, hispanic people attending the meeting.  Most were in their 30's to 70's.  They was no hooping and hollerin and the speakers that were invited to speak, put out alot of the same information I read here alot of times.  Yes the TV station and newpapers were out in force.   The question period was open and every question was addressed in a polite manner.  Even some that wanted to actually disrupt the meetings with what are you going to do for me mentality were answered politely.  They were not fringe nuts, they were not extremeist as portrayed in the media.  They were alot like people here that are tired of all the corruption and fear mongering.

I left there with a different perspective then what the media and the politicians are portraying them as.  If they ever come to an area close to you go check them out before you pass judgement.  Currently the Tea baggers cannot stop this process in Congress as it currently is being portrayed.  They are only holding up the repubs from having their way.  I am actually glad they are.  Boehner's deal is a joke.  If the Dems and Repubs actually have an agreement the Tea Party could not stop anything.  The Ole Guard is trying to blame them, when actually we know here the deal is a joke.  Both parties hate them as they have not been bought off yet. 

I do not agree with part of their agenda. However, they are not nuts, and  I do agree we need real change and stopping all this dam spending. 

Fri, 07/29/2011 - 08:20 | Link to Comment YHC-FTSE
YHC-FTSE's picture

From one ranter to another, I applaud the article. That's a fantastic rant. 

 

The short term situation is fluid, but of course we're heading for a selective default. The question is whether that selection will cause a cascade into a wholesale run away from the USD cutting off its oxygen from foreign revenue streams - the bond buyers, the SDR contributors, and the commodities buyers who reserve and buy the USD in settlements. Game over for the reserve currency was unthinkable, but the unthinkable has been quite active recently. There have been a few predictions about the aftermath, from war and social chaos to hyperinflation and new currency. I think it will be somewhere in the middle of all the touted ideas. Maybe even a few false flags to keep the attention of the sheep away from the economy.

 

As for the immediate debacle in congress, I have an analogy. We are given two choices: To jump out of a plane into shark infested waters with a parachute to ease the landing, or jump out of a plane with a refridgerator strapped to your back into the same shark infested waters. Unless a sudden miraculous wind of economic recovery blows you away from harm, either choice has one outcome. The latter might even take out a few sharks on landing.

 

Third and least likely scenario: Can Obama create an executive order under emergency powers to raise the debt ceiling? That might actually start a genuine honest-to-goodness civil war the way people's feelings are polarized right now.

 

Energy, Food, Gold, and Silver should be the investment vehicles of choice along with the most important investment vehicle of all: Knowledge.

Fri, 07/29/2011 - 08:30 | Link to Comment g
g's picture

Great article. Lets see what happens.....

 

The only thing you can really do is educate those around you, point them to great resources like ZH, Mish, Chris Martenson. A critical mass must be achieved to get the people to demand change and freedom. Hopefully, this occurs sooner than later, the clock is ticking.

Fri, 07/29/2011 - 08:42 | Link to Comment rodocostarica
rodocostarica's picture

The bottom line is that the whole deficit mess will only be solved by market forces. Downgrades, defaults, rising interest rates etc.

 

It will not be solved by the current president nor congress. That much is obvious.

 

So we call the tea party freshman extremists for doing exactly what they promised to do when they ran for election and won? They are the only ones with any honesty it appears.

 

They said they wanted balanced budgets, they said they wanted a constitutional amendment; they said make real reductions in spending.

 

So now they get the blame because they are holding out to fulfil their campaign promises? Because they can see that neither plan will do anything of substance?

 

In the end the old time hacks of both parties will pass one of these meaningless plans both claiming victory and saving the USA and time will go by and the market will rule. And as we know if wont be pretty.

 

I applaud these freshman for sticking to their guns and if it means we get downgraded sooner rather than later great. We can start facing reality and take our medicine.

 

Go Tea partiers. Bring it on.

 

And by the way,  Fuck you Carville.  

 

Fri, 07/29/2011 - 08:50 | Link to Comment g
g's picture

Agreed.

Who is Carville? Never heard of him, as I do not watch the news.

Good points on the Tea Party, they have held the line, and in the end they will be the only party with any self respect.

A balanced budget amendment is one of the most important pieces of legislation and should be the center of discussion.

The market will solve the crisis in exactly the way that is necessary, we all know how this will take place.

Fri, 07/29/2011 - 09:10 | Link to Comment rodocostarica
rodocostarica's picture

 Carville is one of the main strategists along with George Stephanopoulos

 (current MSM ABC lap dog commentator) that got Bill Clinton elected.

 

An asshat but I would say I would like to have a beer with the prick.  (Carville not George)

Fri, 07/29/2011 - 09:26 | Link to Comment proLiberty
proLiberty's picture

He who controls the meaning of words controls the outcome of the debate.  So, just what exactly is an "extremist"? 

In my opinion, anyone who insists we should take 150 jelly beans out of a jar that only contains 100 is an extremist.  The same for anyone who thinks we can print our way to prosperity.  Only a extreme extremist would insist that government has the right to all my future income, as well as claiming the right to be able to put my children in servitude to service past debt that was borrowed without the intent on ever paying it off.

Only an extremist would think that the party that champoins the equal protection clause when it comes to civil rights thinks nothing of exempting 43% of citizens from having to pay taxes.

 

Fri, 07/29/2011 - 09:26 | Link to Comment proLiberty
proLiberty's picture

He who controls the meaning of words controls the outcome of the debate.  So, just what exactly is an "extremist"? 

In my opinion, anyone who insists we should take 150 jelly beans out of a jar that only contains 100 is an extremist.  The same for anyone who thinks we can print our way to prosperity.  Only a extreme extremist would insist that government has the right to all my future income, as well as claiming the right to be able to put my children in servitude to service past debt that was borrowed without the intent on ever paying it off.

Only an extremist would think that the party that champoins the equal protection clause when it comes to civil rights thinks nothing of exempting 43% of citizens from having to pay taxes.

 

Fri, 07/29/2011 - 11:43 | Link to Comment jmc8888
jmc8888's picture

Actually the extremists are those that want to pay off fraudulent debt, and do so by cutting or taxing or printing or some combination of the above.

 

Which means....the extremeists are.....the republicans...the democrats...and the tea party.

 

Unless you are for Glass-Steagall, your position is de facto extremists.

 

That's the fucking reality.  Because if you say we need to pay off the debt...you're a fucking moron.  The debt is a fraud.  Not all of it, but alot of it.  As time goes on, more fraudulent debt mixes with legit debt, and makes it bad, the more things collapse making even good debt unpayable, and it debt after all, is never guaranteed to be paid off.  It too, is a gamble.

So the bondholders of good debt, by not speaking up when bad debt is being added to theirs, are just screwing themselves out of their own money.

Who are the extremists? The Tea Party...check

The republicans...check

The democrats....check

 

Pass Glass-Steagall or you are an extremist.

That's the brass tacks fact.

Wed, 09/14/2011 - 03:56 | Link to Comment chinawholesaler
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