Category: Non Fiction

What’s that smell?

The Federal Reserve significantly reduced its forecast of economic growth through 2013, acknowledging that it had once again overestimated the nation’s recovery from the 2008 financial crisis.

Full story here

2 cents:

Gee, so for the last 3 years you mean we haven’t been in a recovery? Note that the opening sentence states “once again” – this doesn’t mean they are repeating themselves for our benefit/knowing. This is ok – remember when we said blah, blah, blah – well it was really blah, blah, blah but now we know it was even blah, blah, blah. But see what can you do about it? NADA. What is going on is that the lies can’t be covered up much longer. See the plan was to lie, lie, lie and the public would embrace it and believe it and spend, debt, spend, debt and the economy would – wala – revive and none the wiser. BUT the public and actually more importantly – the corporations did not buy it which led to the public behavior of not buying it and the stench from the lie can’t be covered up effectively with Lysol.

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not laughing

the above is in page 38 of The Week magazine, 10/21/11 edition
Dictionary.com:
Recession: Economics. a period of an economic contraction, sometimes limited in scope or duration.
Depression: Economics. a period during which business, employment, and stock-market values decline severely or remain at a very low level of activity.

2 cents:
Now tell me again without laughing that we are out of the recession and depression.

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Depitalism – need to correct our economic infrastructure

This article in today’s USA Today points to what I have been writing about – what I refer to as Depitalism.

Quote from article: “While some progress in consumer debt reduction has been made, the heavy lifting of meaningful deleveraging still lies ahead,” the study says. Until consumers repair their balance sheets, they are unlikely to increase spending or take on new debt even with interest rates close to zero. That could continue to hamper the recovery, because consumer demand makes up more than 70% of the U.S. economy.”

 See – it is just a given that our economy requires the individual to be in debt. For the USA to have what the experts call a “healthy economy” requires citizen indebtedness.  That should not be! Capitalism has become mutated and real systemic change needs to occur in the infrastructure of our economic system in order for it to actually become and remain healthy. Contrary to the talking heads out there, the desire of the private sector to reduce its indebtedness is a GOOD THING.

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Grim Facts

It is my opinion that the MSM (main stream media) is doing what they can to aid O to secure a second term. I am referring in this post to the ridiculous swirl they keep churning over the Republican primary contenders. First they stoked it up for Trump (fade away), then Palin (she has not given in), then Perry (he’s in but now the focus of MSM negative spin), and now Christie who many months ago said no but they keep it up because:
1. They want him in because in reality he will be a weak candidate and absentee in his state leadership. Erode the pool of the candidates so Romney will be the pick.
2. Add unsatisfactory feelings toward those in the primaries which is being spinned to make Romney the man of the Rep ticket WHICH is a pretty safe bet that O will then when the next presidential election.

What liberals and MSM do not want is someone with fire in their veins (see Perry, Bachman, Paul). These three will push for much needed systemic change in the government which may translate into undoing some if not much of the liberal, socialist agenda that has choked our nation. Think that is harsh? Look across the pond and what do you see (in the EU)? Look further in land into Russia and do you see leaders or contenders for power that are “of the people, by the people”? The Perry, Bachman and Paul variables are just that. I am not sure of which one I would vote for but I do know that I am not for Romney.

And despite the attempts of the MSM, socialists and liberals in our country – our nation still contains flesh and blood voters that have religious/spiritual Judeo-Christian beliefs WHICH an O would win over a Romney ultimately because on this fundamental foundational issue: it gets down to a Christian vs. Mormon. Mormonism is a cult and if it helps you can say a Christian-like cult. Much of what they believe does not hold up to a Judeo-Christian questioning which is what O’s radical religion can do. Wright and whomever he has been seeing since do conveniently fall under the moniker. Again – its about votes. Though O is supposed to be about diversity and change wait and see what the MSM churns out if and when the Republican ticket is Romney.

It is a brilliant plan.

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term limits and the future of our society

I know you’re all familiar with that name. Hoover lives in infamy in
U.S. history for having been on duty when the Great Depression happened.
You’re all courting a similar fate. Your collective behavior is setting
all of you up to be known as our generation’s Herbert Hoovers — the
leaders who were on duty when we entered our second great economic
meltdown.

None of this is easy and the economy will not be fixed overnight; it
will take years. But there is every chance it will get healed if our two
parties construct the Grand Bargain we need.But the more I read the papers the more I’m convinced that “we the
people” are having an economic crisis and “you the politicians” are
having an election — and there is frighteningly little overlap between
the two.

We desperately need that for two reasons: We need to do our part in
leading the world out of this crisis by stabilizing our own economy. And
we need to show that we can still act collectively. The toxic paralysis
in Washington is, in and of itself, slowing growth. It is keeping a
black cloud over the center of the country and creating a sour mood
wherein people just want to hold on to what they have. As one banker in
Dallas put it to me: “Today, you only hire someone when you absolutely
have to.”

full article here

2 cents:
I don’t usually agree with Friedman but these comments in his article “Help Wanted – Leadership” are accurate. I wrote about the vaccuum of leadership in our government last week.

I think what a lot of people don’t understand is that the foundation of the economy and – much scarier – the SOCIETY in our country is based on is a flawed perversion of the original intent of the so called founding fathers. It is true that politics is and always has been a bloody vicious business but what is not true is that the members of Congress were “lifers” or at least 20-30 year jobs. This approach and reality has weakened the foundations of our government, economy and society because the focus of the member of Congress is keeping their job not improving and protecting the way of life in our country. It is “they are wrong” and everything a stage for positioning and posing. That is NOT what the job was supposed to be. Yes the economy is screwed up – and it needs to be fixed. I argue that the foundation needs to be fixed so it doesn’t perpetuate. Set modest, realistic terms of service for members of Congress. Second will be an adjustment of the compensation and benefits that they are paid.

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