However we did include the links just in case anyone wanted to read them in their entirety and maybe develop a post around them that we could post here, there, or anywhere. After all, the Egyptians were able to overthrow a whole tyrannical government, Americans should have enough curiosity about their own to at least read something more than a two minute sound byte would you not think????
O.K. after engaging in that little bit of delusional thinking please forgive us our occasional comments below. We promise not be politically correct, or even give a damn about what most think (unless of course you would like to write a post regarding these subjects, which we would gladly publish. Just keep in mind that the donate button up there is decoration and rarely used as, living in the land of the free, has come to mean I WANT EVERYTHING FREE. Should I not be the recipient of someones labors at no cost to myself? After all, I need to contribute to the lying politicians who promised they would take care of me. So considering the new American Mantra, should you decide to offer your sweat, time and creativity, please do not expect to be monetarily compensated).
Hey were starting off pretty good don't cha think!
U.S. starts new amnesty for offshore tax cheats By Kim Dixon WASHINGTON | WASHINGTON (Reuters) - Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program with reduced penalties, the government said on Tuesday.We really liked this article. After all, our esteemed representatives spent much time arguing how to give the rich tax breaks. When all along, as we have stated before, they have been hiding there money and not paying taxes as it was. Now if we can just find where our esteemed representatives are hiding their bribes and payola?
The new effort follows a 2009 amnesty program, which lured 15,000 taxpayers with hidden accounts.It is unclear if the new effort will net as many wealthy tax cheats as the prior amnesty program, which was backed by the force of the U.S. government's fraud case against UBS AG, alleging the Swiss bank helped U.S. citizens avoid taxes.
Then there that was that little issue of snow that they blamed two bad unemployment reports on. Cause yeah, I got kids, they need to eat, so if it snows I ain't goin out to see if I can get a buck or two shoveling snow. Oh but damn, if I report it they will tax it. Never mind!Jobs Data Ugly But Spin Keeps Markets Flat
Feb 06, 2011 The Non Farm Payroll Report was down right ugly. 36,000 jobs were created in January, far lower than the 150,000 expected. While this was a poor number, the markets barely sold off. The spin came in when the Unemployment Report was released, coming in at 9.0%. This was a significant drop from the previous month. In addition, last months Non Farm Payrolls Report was revised higher. The combination of these two, canceled out the negative new Non Farm Payrolls Report and kept the markets around the flat line. The SPDR S&P 500 ETF (NYSE:SPY) is trading $130.72, -0.06.
The Unemployment Rate is one of the most hyped economic releases each month. However, it is one of the most false indicators of true unemployment. When calculating the Unemployment Rate, if you worked one single day during the month you are counted as employed. If you work a part time job because that is all you can find but want to work full time, you are considered employed. If you could not find a job for months and stopped searching, you are not counted as unemployed. There are many more screwed factors that the average citizen has no idea about. The real Unemployment Rate is estimated to be about 18%.
God I love that quote about "staying out all night with your friends." But I do have to wonder, "What the hell Obama thought he was going to accomplish?"I love this, I love this, I love this, Did I say I love it?
Obama's Message to U.S. Businesses: Get Home by Curfew
February 7, 2011 3:30 PM The top priority for the Chamber - the powerful conservative business lobby that serves as a conduit for some of the nation's largest companies (notably in the banking and health care fields) to fight many of the administration's policies - is to deal with "the regulatory tsunami" it says its members face. According to the Chamber, there are too many regulations keeping the business community from fully thriving - regulations that represent "the single biggest challenge to jobs, our global competitiveness, and the future of American enterprise," according to President Tom Donohue.
"Not every regulation is bad," he said. "Not every regulation is burdensome on business. A lot of the regulations that are out there are things that all of us welcome in our lives. Few of us would want to live in a society without rules that keep our air and water clean, that give consumers the confidence to do everything from investing in financial markets to buying groceries."
He then went on to essentially attempt to try to his adversary by pointing to a few failed arguments from the past.
"Early drug companies argued the bill creating the FDA would 'practically destroy the sale of ... remedies in the United States,'" he said. "That didn't happen. Auto executives predicted that having to install seatbelts would bring the downfall of their industry. It didn't happen. The President of the American Bar Association denounced child labor laws as 'a communistic effort to nationalize children.'"
In other words: You've told me before that I was ruining your life by not letting you stay out all night with your friends. But I think we both know I made the right decision.
House Speaker John Boehner, meanwhile, assailed the president following the speech for allegedly taking steps to protect "job-crushing regulations." "Time and again, the Obama Administration has used its regulatory powers to go around Congress and impose hidden taxes on employers and small businesses," he said.
The U.S. Chamber of Commerce hates him. They are the number one advocate for off shoring American Jobs and financing that agenda (thank you Citizens United vs. the FEC). They will even help companies do it. Ever here the term "Astro Turfed" (Look it up). I am a firm believer that the U.S. chamber of Commerce is working for the enemy, needs to strip the U.S. portion from their name and OFFSHORE THEIR OWN ASSES!
And to that well tanned, pretty boy, golf hooker House Speaker John Boehner we have a freaking question? How in the hell does your American job crushing regulation crush a job that has been outsourced overseas to a country that could care less about our regulations???? Quit sucking on the golf clubs dude, your hitting your brain!
And Oh yeah, while we are at it, who are the dip sticks that voted that dipstick into office. Did they gradeate kinnergarten or does their family tree just not have any branches!
Oh damn, we have gone beyond politically correct, non-inflammatory rhetoric and entered into the realm of free speech. By God there ought to be law against it. Hmmmm, considering mainstream media tantrums about "rhetoric" there may soon be. Better use it while we can!
Apparently the man recommended by the Treasury Department to head up the restoration of AIG whose recklessness with Americans money would have ended you or I in jail is either stupid, out of touch, delusional, or just another one of the Kleptocratic Aristocrats whose response to the great unwashed would be, "Qu'ils mangent de la brioche", or "let them eat cake!" taught in school as being a quote of Marie Antionettee, which of course makes that wrong.
You have to read the whole article to really grasp the insensitivity of the assholes appointed to save us. But who will save us from them?
From Bloomberg: Wall Street Knows Meltdown Was Just Bad Dream: Simon Johnson By Simon Johnson - Feb 6, 2011 9:00 PM ET
Never mind, don't read it. Hell we are still wondering why we did. What did we learn from it. What we already knew? That there is a whole class of business men and silver spooned politicians that have no clue how us Po Folk have to exist. I got an idea, let "THEM" eat freaking cake. In fact lets hold them down and shove so much cake down their gullet...........need I go on?
Foreclosure FiascoAh yes, the American dream. The banks end up owning all the homes (after all they dictate the credit and terms do they not) and become slum lords charging exorbitant rent which in turn means they own you. Whoops, our bad, they already do. Hows that complacency working out for you now?
30% of mortgages are underwater
NEW YORK (CNNMoney) -- Sometime, somehow, the foreclosure crisis will ease. But probably not anytime soon. Home prices dropped 2.6% nationwide during the last three months of 2010, pushing more borrowers underwater, according to a quarterly real estate market survey from Zillow.com.
Now 27% of homeowners with mortgages owe more than their homes are worth. That's up from 23.2% a quarter earlier.
Just for your amusement, how some banks we bailed out are compensating employeesBear with us as we engage in a hypothetical here. You are an employee for somebody (if, in fact, you are still one of the lucky employed), You do something stupid that cost your business more money than it has. You send your bosses, as guilty as you because as bosses they are supposed to keep tabs on your ass, with hat in hand to beg that the taxpayers be made to bail you out and get what you asked for. So you,
Bank of America/Merrill Lynch [BAC 14.770.28 (+1.93%)
]: Bonuses said to have been quite arbitrary, with the majority in investment banking down 10-20 percent on the year.
Barclays Capital [BCS 20.19-0.02 (-0.1%)
Citigroup [C 4.88
Credit Suisse [CS 43.01
Deutsche Bank [DB 63.01
Goldman Sachs [GS 166.66
HSBC [HBC 57.24
JPMorgan [JPM 46.57
Morgan Stanley [MS 30.16
Nomura [NMR 6.27
A. Get on your knees and thank the Lord for giving you a second chance and the opportunity to make amends to those who trusted you with their life long savings.........
B. Walk through the halls of your business and fire every damn dick and harry (or maybe just the dicks) that got the business in that shape and possibly offer to resign yourself, or
C. Take whatever tax payer money you can get given you and your fellow crooks and bestow upon thineselves huge salaries and bonuses and tell the American men, women and children you screwed without any KY to just go F*&k Off!
Well didn't even have to ask that one did we?
And we saved the BEST for LAST! Why did we save it for last. Because as one of the original founders of the Tea Party, who told the tea party where to put it when it became apparent they were not a tea party at all but a group that has been "astro-turfed (damn we love that term for it's accuracy. Go ahead look it up. We defined it in a previous post, but ya probably didn't read the definition.) , In other words a man with Integrity, who appears to get it, except when I disagree with him.
Mr. Denninger is the former CEO of MCSNet, a regional Chicago area networking and Internet company that operated from 1987 to 1998. MCSNet was proud to offer several "firsts" in the Internet Service space, including integral customer-specified spam filtering for all customers and the first virtual web server available to the general public. Mr. Denninger's other accmplishments include the design and construction of regional and national IP-based networks and development of electronic conferencing software reaching back to the 1980s.But we gonna make ya work for this one. You have to hit the link, Financial Crisis Inquiry Commission: Crisis Was Avoidable, and read it. Yes I know it is a lot to ask. But this one is really worth reading. But then if we had been on our toes regarding so many of these congressional whores and their bank pimps, we wouldn't be where we are at now,
He has been a full-time trader since 1998, author of The Market Ticker (http://market-ticker.org), a daily market commentary, and operator of TickerForum, an online trading community, both since 2007.
Mr. Denninger received the 2008 Reed Irvine Accuracy In Media Award for Grassroots Journalism for his coverage of the 2008 market meltdown.
Now for a brief word from our sponsor...........Add to Technorati Favorites
No comments:
Post a Comment