Politics
Soros Criticizes Obama’s Bailouts
By Daniel at 1 March, 2010, 12:51 pm
“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”
http://online.wsj.com/article/SB10001424052748704089904575093760994295890.html?mod=googlenews_wsj
God, I would love to see Ron Paul being the next president.
By Daniel at 25 February, 2010, 12:38 am
Ron Paul has been on a roll lately, and today is the perfect day for him to use his 5 minutes to build a platform for his 2012 run at the White House.
Read More >>Here is a primer on budget issues with sources at the bottom:
By Daniel at 27 January, 2010, 10:48 am
Defense, Social Security, and Medicare/Medicaid are about 20% of our spending each. So that is 60% of spending. Interest is another 10%. So about 70% of our budget is tough ground politically to address. The remaining 30% is the big departments (Education, Transportation, etc.) which have some turf guardians as well. In FY 2008, pre-crisis [...]
Read More >>Lets get down and dirty on how the real estate market works in China.
By Daniel at 19 January, 2010, 3:45 am
First, China has a system called Gong Ji Jin. This system is like a forced savings for housing. If you do not own a house this money keeps accumulating and you have no access to this money until you buy a house. It is divided into three different categories. A is about 44% of the [...]
Read More >>Happy New Year: 2010, The Year of The Unknowable!
By Daniel at 6 January, 2010, 1:14 am
The nice/bad thing about the new year, is that I always review the past years results. I get to see how “I” did, and then how my portfolios did. They are DIFFERENT! In other-words, did my actions add to or subtract from the overall results. First, I maybe the last long, buy and hold investor [...]
Read More >>Obamas lack of experience rises to the surface once again.
By Daniel at 14 November, 2009, 1:59 pm
It is disheartening to continually hear our President fly around the world and apologize to everyone for our way of life. He has essentially @#$%&! in the face of every American citizen and burdened us in a mountain of debt and higher taxes. He continues to “embrace” the challenges of other countries and neglects home.
“If [...]
It is NOT capitalism…it’s corruption!
By Daniel at 3 November, 2009, 3:39 am
Government access and favoritism is NOT capitalism…it’s corruption! Government is suppose to be impartial and objective, doing what’s best for those they represent…the American people, not corporate America.
Politicians of the last 30 years are clearly MORE representative of ’special interest groups’ rather than the American people. Scandals and conflicts of interest are no longer kept [...]
A significant spike in GDP that does not mean recession over.
By Daniel at 25 October, 2009, 10:35 pm
As the media looks forward to news in hopes of a budding recovery consumers are still panicked. GDP should show signs of expansion in the 3rd quarter and slow growth due to Federal Government expenditures. Even if that is the case and we do see a significant spike in GDP that does not mean recession [...]
Read More >>Put aside political loyalty and see things in an objective manner.
By Daniel at 24 October, 2009, 11:29 pm
It is silly to blame either Bush or this President for decades of bad policy that both parties are told by their cabinet members and expert advisers are “best” for the nation. Not one policy that has put us in this mess has been changed for at least 3 decades and most have been in [...]
Read More >>This nonsense of playing with interest rates going up and down like a yoyo needs to be put to a stop.
By Daniel at 21 October, 2009, 10:41 pm
Interest rates at the Federal Funds interbank level should be set and held at a 4.25% to 5.25% and banks should again be required as they were under the Glass Steagall Act’s Regulation Q to pay savers 5.25% on all savings account.
Lowering interest rates at the Federal Funds was what created the credit bubble in [...]
Congress never has controlled the Federal Reserve System!!!
By Daniel at 17 October, 2009, 11:59 pm
Strategists at the largest banks, namely, the house of Morgan and the Rockefeller banks, put together a plan in 1910. They would propose a central bank in which the Board of Governors would be appointed by the President. The Board of Governors would report to Congress on a regular basis.
There would also be a series [...]
Can Fed and the government keep the game up forever?
By Daniel at 10 October, 2009, 8:41 pm
The big question is: can the Fed and the government keep the bad assets locked up in the basement as it were? And if not, when will these losses finally be realized (i.e. pokes their monstrous heads out of the basement and scare the daylights out of the partygoers in the main house Wink), [...]
Read More >>Suport Congressman Ron Paul: End the Fed!!!
By Daniel at 6 October, 2009, 1:31 am
The thing about Paul is that his thinking is not in sink with what mainstream America thinks is best for the world. So his ideas seems so radical that who would want to risk trying those ideas out? I have always wondered that even if the public decided he was right, would Paul fall apart [...]
Read More >>Thursday, October 01, 2009 From Rasmussen Reports…
By Daniel at 3 October, 2009, 10:23 am
“For nearly two years, economic issues have held the top spot in terms of importance among voters.
But the latest national telephone survey shows that 83% now view government ethics and corruption as very important, placing it just ahead of the economy on a list of 10 key electoral issues regularly tracked by Rasmussen Reports. Eighty-two [...]
NOTE: After reading #1 please read #6. They are very related and would push the unemployment numbers even higher.
By Daniel at 2 October, 2009, 5:45 pm
1) “If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.”
“The average hourly work week fell back to a record low of 33 in September. That figure is important because economists are [...]
Outrage: Federal Reserve is not just supporting the housing market, it is the housing market!!!
By Daniel at 28 September, 2009, 11:11 pm
From CM:
“This is important information. What I’ve found and present below is that the Federal Reserve is not just supporting the housing market, it is the housing market.
Just as important as a person’s desire to buy a home is their ability to gain access to mortgage funding.
The mortgage market is a gigantic beast with many [...]
The recession will continue to deepen through 2010.
By Daniel at 27 September, 2009, 12:01 pm
The recession will continue to deepen through 2010, in spit of the rigged statistics which are restated constantly, and the lack of integrity in the reporting of unemployment. The CES Birth / Death model should not be used as a measure of anything. Also, we should break out the temporary census workers from the unemployment [...]
Read More >>This stuff needs to be e-mailed to everyone you know!
By Daniel at 26 September, 2009, 9:43 am
Alan Grayson Questions CEO Edward Liddy on AIG Cover-up
Read More >>Rally fails, depression imminent!
By Daniel at 25 September, 2009, 10:23 am
When job losses of 500K+ per week are “cheered” because they are less than the prior months “revised” figures
When the US “market” can “rally” 3,500 points completely uninhibited, in the face of “narrower losses” and plunging revenues. Isn’t a loss a loss?
When the “market” has “priced in” significant earnings growth, yet the “estimates” set by [...]
Lawmakers ask for 72 hours to read “the” bill.
By Daniel at 24 September, 2009, 7:36 pm
Let’s see.
3 days x 8 = 24 hours for sleep.
1 hour for lunch, 1 hour for breakfast, 1 hour for dinner - 3 x 3 days= 9 hours for food.
1 hour travel time home, 1 hour travel time to office (very conservative these days)
so, 2 hours x 3 days = 6 hours.
About an hour each [...]
President Obama’s national health care agenda is big, bad, and bold.
By Daniel at 11 September, 2009, 4:50 pm
It is also better in various important respects than what we have currently. However, it is fatally flawed. The seriousness of the flaws outweighs the plan’s efficacies and virtues. As a result, the U.S. Congress should reject this legislation and address the fact that the nation consumes too much expensive but ineffectual health care.
Prepare for [...]
More wars: Pentagon predicts bigger, costlier conflicts
By Daniel at 11 September, 2009, 4:32 pm
The Pentagon’s internal studies see a perfect storm accelerating wars worldwide: Global population growth, limited natural resources and global warming. Our war machine is exploding. The Pentagon gets over 50% in the new federal budget. We’re only 21% of the world’s GDP, yet spend 47% of the world’s total military expenditures.
Our power-hungry mindset is becoming [...]
Here is the IRONY: About The Cost of War
By Daniel at 11 September, 2009, 4:04 pm
To date, $915.1 billion dollars have been allocated to the wars in Iraq and Afghanistan. The national, state, and local numbers we provide are based on the total approved amounts through the end of Fiscal Year 2009.
In addition to this approved amount, the FY2010 budget shows a $130 billion request for more war spending. This [...]
WHAT WE SHOULD DO, is vote INDEPENDENT across the board next year!!!
By Daniel at 10 September, 2009, 6:29 pm
WE as the PEOPLE can BREAK this Democrat/Republican MONOPOLY (because that is what it is)!!!
WE as the People can elect NEW politicans that have NO ‘prime party’ affiliations and THUS FORCE the politicians to work FOR US more often than not, because they will all be FORCED to come to A BIPARTISAN approach for every [...]
“Rep. Wilson shouts to Obama during speech: ‘You lie’”
By Daniel at 10 September, 2009, 7:45 am
“WASHINGTON (CNN) — A Republican House member shouted “You lie” during President Obama’s health care speech to Congress on Wednesday…”
http://www.cnn.com/2009/POLITICS/09/10/obama.heckled.speech/
President Obama said the plan will cost 900 billion dollars.
By Daniel at 10 September, 2009, 12:15 am
Yet it won’t add a dime to the national debt? Really? I must need to retake some accounting courses because my math is just not adding up haha… He offered nothing new just the same old rehashed garbage he has been spewing since he was elected into power. He has lied sooo many times now [...]
Read More >>ATTNTION: Outsourcing Unemployment!
By Daniel at 9 September, 2009, 8:48 pm
This short film superbly sums up the current global economic situation. This is a must watch video!!!!!
Read More >>“Obama ‘Green Jobs’ Adviser Van Jones Resigns Amid Controversy”
By Daniel at 6 September, 2009, 10:03 am
“Van Jones, an administration official specializing in environmentally friendly “green jobs,” has been linked to efforts suggesting a government role in the Sept. 11 terror attacks and to derogatory comments about Republicans. ”
http://www.foxnews.com/politics/elections/2009/09/06/obama-green-jobs-adviser-van-jones-resigns-amid-controversy/
Funny how he slipped out the back door at Midnight on Saturday of a Holiday weekend.Thinking no one will notice.
One DOWN , how [...]
Obama’s First Six Months’ Accomplishments:
By Daniel at 4 September, 2009, 2:53 pm
1. Offended the Queen of England .
2. Bowed to the King of Saudi Arabia .
3. Praised the Marxist Daniel Ortega.
4. Kissed Socialist Hugo Chavez on the cheek.
5. Endorsed the Socialist Evo Morales of Bolivia .
6. Sided with Hugo Chavez and Communist Fidel Castro against
Honduras.
7. Announced we would meet with Iranians with no pre-conditions
while they’re building [...]
The weird things I think about!
By Daniel at 3 September, 2009, 9:24 am
Buy & Hold….If you had invested $10,000 in the S&P on 1/1/1999, 10 years later you would have had $7,354.86 on 12/31/2008 – a loss of 26.5%.
They say….“But if you had missed just the 10 best days”. Well, if you had missed just the 10 best days between 1/1/1999 and 12/31/2008, your $10,000 would have [...]
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