Depitalism and the rest of 2012

June 1 NYT article Weak Hiring May Force the Fed to Act

The NYT article is peddling information and commentary based on the wrong premise.

The reason why the economy is STILL not recovering is not because the FED has not done enough. The reason is one simple one that has several implications. The SOLE reason is the uncertainty of the November election. Consumers, citizens, corporations, small business owners, employers aren’t sure the horrible reign of the CES Obama is going to end. With that uncertainty:

1. consumers/citizens – are not seeing a recovery of the economy and thereby their wage earning capability. Depitalism which is still a factor for most households is weighing on them from previous years of bad fiscal policy in the home. Debt STILL needs to be paid down. Common tactics of the past to remedy debt like a second job are difficult to locate and secure. The “let it ride” has come to fruition. This doesn’t even deal with the reality of unemployment or under-employment which is a very real reality of many households. Looking ahead, the skies are gray and citizens don’t know what that means.

2. Corporations/small business owners/employers aren’t sure about the economy and even the short term status. Hence, no new jobs and continued downsizing and realignment and other positive spin words that has the bottomline of wrenching costs lower and lower. Consumers aren’t relying on depitalism to purchase employers’ products like they have for at least ten if not twenty years.

As long as all the parties involved in the economy feel their is the slightest chance of CES Obama finagling a second term, we will continue to see and feel the realities of an economy that will not heal, strengthen and improve.

No progress

From Debka this morning:

The rupture between the US and Israel over Iran’s nuclear program widened further Friday, May 25  when Prime Minister Binyamin Netanyahu and Defense Minister Ehud Barak decided not to be available to hear the briefing brought to Jerusalem from Baghdad by Undersecretary of State Wendy Sherman who headed the US delegation to the Six Power talks. The report she delivered to National Security Adviser Yaakov Amidror and Foreign Ministry Director-General Rafi Barak was that no progress had been achieved in Baghdad due to Iran’s refusal to budge on its “right” to enrich uranium at low (3.5-5 percent) or high (20 percent) levels or shut down the Fordo nuclear plant near Qom.
Although the participants agreed to reconvene in Moscow in three weeks, the Iranian delegation stressed there would be no progress until the US and the other five world powers (Britain, France, Russia, Germany and China) recognized Iran’s absolute “right” as a signatory of the Non-Proliferation Treaty to enrich uranium.

Meanwhile, every day spent on diplomacy is thoroughly exploited by Iran to zip ahead with its nuclear plans.

whole article here

2 cents:

Iran knowing that it has a sympathetic ear in the chief empty suit PLUS the fact that he is busy meddling in back channels KNOWS it has the idiot by the nose and now can lead him along as long as they want — wherever they want. Iran’s hope that in using back channels that it would sever ties (weak as they are/were) between Israel and USA but more specifically between Netanyahu and Obama. Iran believes if it can get Israel to act before the US election that it will actually isolate Israel further and the key to that isolation is away from US. HOWEVER if Israel would hold out and the US election results in the replacement of the the CES – then Iran is in a FAR WORSE spot because it will undoubtedly be looking at a fierce Israel supporter and one that is willing to crush Iran with military might. Israel knows that each day Iran is left alone to continue working, results in a day closer to their ultimate unstated goal.

A wild card in this whole thing is the arrogance of CES. Will the arrogance take him down the road of being a back channel baby believing he alone can bring peace or will it go that he will become obnoxious at the inability of Iran to realize that he is right and that they need to do what he says?

What would you do if you were Netanyahu?

Loser!

“Any information disclosed is too much information. This does seem to be a tawdry political thing.

Detailed leaks of operational information about the foiled underwear bomb plot are causing growing anger in the US intelligence community, with former agents blaming the Obama administration for undermining national security and compromising the British services, MI6 and MI5.

Whole article here

2 cents:
No surprise here. Chief empty suit is running an election campaign based on TMZ and other flash-empty substance but quick recognition sites. Where is the substance you miserable socialist? Future lives that could have been saved are easily expendable to the current now of a potential vote by someone who is clueless and MSM hypnotized.

Really think about it – WHY would you allow and push to leak such info unless it was merely a politics/election matter?
Think about WW2 and breaking the Enigma code – if O would have been president he would have had that info leaked. Think of the results and reactions that the Nazis would have done? People – it is the same thing here!

reducing taxes or realities of depitalism?

An informative chart that was shared on an article on someone’s explanation about whether reducing taxes will result in better employment statistics.
I will state again, what is driving the sluggish economy and high unemployment numbers is:
1. lack of confidence in leadership of government (federal, state, city)
2. demands of payments for overspending in the past (whiplash of depitalism)
3. reality of overspending (the hangover affect of depitalism) and resulting responsibility in getting finances in line

#3 is a good thing
#1 may get resolved in the November election
#2 is ongoing and needs to be paid back/resolved in order for disposable income to increase

BTW I agree with the author of the article

earlier posts on depitalism:

https://icubud.wordpress.com/2011/09/09/depitalism/

https://icubud.wordpress.com/2011/09/12/economy-and-depitalism/

https://icubud.wordpress.com/2011/10/03/depitalism-need-to-correct-our-economic-infrastructure/

https://icubud.wordpress.com/2011/11/03/whats-that-smell/

on top of my soap box

from Debka
US Navy, Air Force, ground, intelligence and special forces units based at home, in Europe and the Middle East, took part this week in a special exercise ordered by President Barack Obama to simulate reactions to a potential US-Israel strike on Iran’s nuclear facilities, debkafile’s exclusive military and Washington sources report.

Sunday, April 22, the US also transferred a number of advanced stealth F-22 fighter bombers, believed to be from the 302nd Fighter Squadron 302, from the joint Base Elmendorf-Richardson in Alaska to the Al Dhafra Air Base in the United Arab Emirates.
According to our sources, the F-22 jets will join the F-15s of the Massachusetts Air National Guard’s 104th Fighter Wing which were transferred to the Al Udeid base a month ago.

Their mission will be to destroy the Iranian air force and air defense batteries so as to clear the way for US and Israeli bombers to go into action against Iran’s nuclear sites and the strategic infrastructure of its army and Revolutionary Guards Corps.
This unprecedented US buildup of air might – supplementing the aircraft on the decks of the USS Abraham Lincoln and USS Enterprise, to be joined by a third carrier as soon as the offensive gets underway – shows Tehran that the Obama administration is serious about using military means as extra pressure on Iran to give way in diplomatic negotiations – both with the six powers and with the US through clandestine channels.

Both moves took place as the United States and five other world powers prepares for the second round of talks with Iran scheduled for next month to rein in its nuclear program.
The comment Israel’s chief of staff Lt. Gen. Benny Gantz made to AP on April 26 about “other countries” having readied their armed forces for a potential strike “to keep Tehran from acquiring nuclear weapons” referred to the deployment of the F-22 stealth jets. He did not name the other countries.

His comment was received in Washington as Israel’s strongest message till now that it will not be alone in attacking Iran but will have partners, presumably the US – and possibly also Britain, France, German, Holland or Italy.
At the end of the US exercise simulating Day One of this attack, debkafile reports that Defense Secretary Leon Panetta and Chairman of the Joint Chiefs of Staff Lt. Gen. Martin Dempsey submitted to the White House three conclusions:
1.  Iran’s response to a military strike will be “measured,” both to limit the damage to the regime and to conserve military resources for a possible follow-up attack;

2.  The Iranians will go back to work on building a nuclear weapon within a short time;

3.  The destruction of core elements of its nuclear program is expected to change Iran’s attitude in negotiations, making it less cocky and more submissive to international demands.

2 cents:
Absolute foolishness. Nothing was learned from Iraq and Afghanistan. These people – Arab Muslims that are right extremist do not know or work from a position of true submissiveness to the Evil Satan and its allies. Conclusion 1 & 2 are correct but #3 is ignorance personified. To get a real #3 conclusion would require a complete change of Iranian leadership as well as its form of government. Bombing them will not achieve that end. It would require hunting them down and killing them (see Iraq & Afghanistan).

Also the exercise is fully under the mind set of chief empty suit. It is posturing, games, strategics etc. it is a COMPLETELY different thing to actually order the attack. I will go a step further – with confidence – the chief empty suit ordered the mission on Osama ONLY BECAUSE it would have definitely been leaked that he did not do it. He was bullied into it by the politics and the USA citizen’s desire to make the architect of 9/11 pay for it. It was not because the old limp noodle has a patriotic bone in his body. Nor was it because he is strong on the protection of American values and lives versus what has been labeled as an extremist version of Islam.  He will now wave this one bloody success of his horrific term to try and position himself as a successful president.

Israel knows and understands this pathetic man better than probably most the citizens in our own country. It is in our country that so called reality TV shows are the preference of the masses. In the sports world they are called professional wrestling. Our country is sick, wicked, willingly ignorant, immoral and ambivalent. We have a president that represents the majority of the voters in the country.

Now THAT should keep us up at night.

repeating bad decisions of history

Debka article on crisis in US-Israeli relations over nuclear talks with Iran

The gist is that not only Israeli government but also a bipartisan group of US senators feel that a back channel exchanges held in privacy between O administration and Iran government leaders will result in:

  1. communication while Iran continues its nuclear program instead of freezing
  2. US pushing for some slack on sanctions as reciprocal action for Iran to freeze nuclear program
  3. ending in the result that sanctions will slack but Iran will continue in secrecy (until caught) working with its nuclear program

In private conversations, Netanyahu has said he feels cheated. By its actions the Obama administration leaves Israel with no recourse other than to grapple with the Iranian menace on its own, he has said, and be less sensitive to Washington’s wishes.

The result of tension between the two countries? O decided to send his US National Security Adviser Tom Donilon to an urgent visit to Israel Saturday, Feb. 18, for three days of talks “on regional issues including Syria and Iran.”

2 cents:
For those who have followed US and Russia cold war history what is being replayed is the Nixon, Ford and Carter years of so called diplomacy with Soviet Union over nuclear weapons. What happened during those years was the US would sign treaties or pacts with SU to eliminate certain classes of nuclear weapons technology and then the US would fulfill its end while SU didn’t. This resulted with US strategically inferior in nuclear and military defense to SU by the time Carter was president. This period of time also resulted in the Peace thru Strength program of presidential candidate Ronald Reagan. He provided the data everywhere to anyone on the decline of the US military and bad faith build up of Russia. His solution was simple > military build up in the US until the US was significantly superior understanding that such a strategy would cripple the Russian economy because it could not spend what it did not have. Then from a position of strength negotiate systemic changes of the cold war mentality which led the government selection of Gorbachev and his understanding of the need for real peace and reform in the Soviet Union. Reagan’s cornerstone approach “trust but verify”.
What is done in secret is unable to be verified so one does not act until verification is real.
O will simply bungle through and repeat the actions of Nixon-Carter which will result in Iranian buildup and technology increases while playing around at diplomacy.