Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday, August 20, 2015

Obamaville August 20 - Where did Obama go? Is he lost at Martha's Vineyard?

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What a week in terms of politics.


Trump holds his first town hall and over 2,500 people show up.


Trump and Bush conduct dueling town halls.


Polls continue to show Trump overtaking Hillary.


Hillary holds pathetic news conference, reinforces her moral dilemma.


Clinton calls out the Big Dogs to deflect criticism of her email mess.


Clinton walks out of news conference accusing the news media of obsession with her trustworthiness.


The Huffington Post, still screaming for respect as a news organization rather than extension of the Bill Clinton good time group, refuses to treat Trump as news.


As Huffington declares Trump "entertainment" another liberal icon, Time Magazine, profiles Trump on the cover as revolutionizing presidential campaigns.


Obama's signature foreign policy achievement, a nuclear treaty with Iran that no one thinks will work, nears a vote, and may need a veto by Obama and arm twisting of Democrats to get approved.


Obama seems to have vanished on the golf courses of Martha's Vineyard demonstrating his continuing effort to prove he belongs among the rich and famous at the Cape, far from the unrest in the cities controlled by his fellow Democrats, like Baltimore, St. Louis, Chicago, and Ferguson.


Did I mention that the Obama economic recovery is teetering on the brink of another meltdown with the Internet stocks of companies he calls his friends are driving the markets down day after day.  Real economists say the entire Internet market is over-valued and due for a collapse.


With just 16 months left in the Obama presidency, his historical legacy is looking weaker and weaker as promise after promise from the president falls to the wayside.


At the same time, the Republicans seemed to have seized up, gone is the hope and promise of a new day post-Obama.  In fact, no professional politicians are saying anything about a bright future, only the non-politician Trump.


Inflation is up,


The economy is down,


Foreign governments do not trust us,


They have lost respect for our "super power" status,


GMOs continue taking over the world food supply,


Everyone and everything in the USA has been hacked by cyber crooks,


Serious crime is rising all over,


Health care costs rise as service falls,


None of the wealthy are in jail after destroying our economy,


Legal prescription drugs are causing more mass killings,


Yet, we are supposed to feel hope and happiness.
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Tuesday, July 28, 2015

Obamaville July 28 - The Calm before the Storm - Dark Clouds on the Horizon

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Campaign 2016

The clock keeps ticking with about 16 months left before the general election in November 2016 and already the political silly season has started.


The Republican candidates for president see nothing but Red and the Democratic candidates see nothing but Blue and I do not mean in terms of states on the election board.


Why is it the GOP gang of 16, 17, 18, or whatever cannot just leave Obama out of the election?  No one can change history and Obama did break a huge barrier when elected as our first African American president.  If he did nothing else, it was a significant historic achievement.


Many Americans did not approve of his agenda, his foreign policy, his intellectual indifference and other things but Obama is not going to be president any more.  American decency suggests the herd of candidates should focus on explaining what they would do as president, instead of threatening to tear down everything President Obama accomplished.


If I remember correctly, Obama got elected twice to serve as Commander and Chief of all the people and we owe our president respect if nothing else.  The GOP candidates seem incapable of giving us their agenda for the future choosing instead to mount goofy and demeaning attacks on every last thing the president says or does.


Of course, the National Republican Party just magnified the political partisanship when they limited the GOP debates to the top ten candidates leaving at least half a dozen out in the cold.  They could have had two debates of nine each to showcase all the candidates but no, that makes too much sense.


The only result was all the candidates turning up the volume and competing for who can make the most outrageous and incendiary sound bytes to the media in an effort to boost them into the top ten for the debate.


The GOP has no stranglehold on stupidity, however, as Hillary has flip flopped so many times already her Democratic base has no idea what she advocates.  She pleads she is a pauper with $200 million in the bank as she raises $2 billion for the campaign.  Duh...


Her wobbly and Pollyanna-like explanations for violating federal law by keeping top-secret files on her home computer, then erasing all the records before anyone could check her drive, may be one of the biggest blunders in presidential campaign history.  This was her election to lose and she is doing a very good job at it.

  
Running our Government
Now that the Republicans have control of both Houses of Congress, nothing has changed, much like Obama's first two years when the Democrats controlled both Houses.  It is a miracle when any little thing good happens in our nation's capitol and that is a very sorry state of affairs.


Campaign Finance Reform

The failure by Obama, the Democrats, the Republicans, and the presidential candidates to address campaign finance reform is tantamount to criminal neglect and insures the one to three percent of the people with all the wealth in America will continue to control our politicians like puppets on a string.


Foreign Policy Follies

The Obama administration foreign policy of negotiation with our enemies has resulted in a policy of appeasement and undermined whatever international credibility we might have had in the world.  Instead of a Super power, we are a Super wimp, and it may take generations to get past the morass.


Dark Economic Skies

After seven years of empty promises from Obama and both parties, Social Security, Medicare, and Medicaid will still bankrupt our nation in time.  Our health care is the most expensive in the world and we still rank around nineteenth in terms of quality of service.


All the stock markets are the playground of the rich and pushed Joe six-pack out of the market with computers and crooks, crooks the Obama administration has failed to prosecute.  We still have a lot of corruption, discrimination, and even human trafficking, but we never miss a chance to blast other nations for their faults while ignoring our own.


International Terrorism

Terrorism thrives because of the foreign policy stupidity of both political parties.

Wish you voted different?
Economy

Our economy may very well be on life-support, as only the rich seem to have benefited from the economic recovery.  If the American public no longer has faith and trust in our many institutions it is for a very good reason, they do not deserve it.


Hope or a Dope

Still I have hope and remain optimistic that in the end the people will regain control of their government and force our politicians to fix the mess.


The Silent Majority

I never lose sight of the fact that when Obama won re-election in 2012 by the largest margin in his two campaigns, he still only won the overwhelming support of just twenty-six percent of the eligible voters in America.  An astonishing seventy-four percent of the eligible voters did not support him or his agenda.


One day all of our silent majority will finally register and vote and when they do all the money and professional politicians in the world will not be able to stop the tidal wave of reform the people will unleash on America.

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Wednesday, July 15, 2015

China and the World Financial Manipulators - It takes a Communist Country to stop the Financial Corruption

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Just a week ago, here is what world financial analysts said about the economic collapse in China.

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Daily Mail, London

China's tumbling stock markets plunged even further today, intensifying fears the country was tail-spinning towards the biggest financial disaster since the 1929 Wall Street crash.
Almost $3trillion (£2trn) – more than the entire economic output of Brazil – has been wiped out since markets went into reverse just a few weeks ago, posing a bigger headache for many global investors than even the Greek debt crisis.

China's government, regulators and financial institutions are now waging a concerted campaign to prop up the nation's stock markets – a move that failed spectacularly in the 1929 crash that triggered the Great Depression.

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Here is what the experts said just three days later.

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The Toronto Star


China’s battered stocks rebound as officials tighten market controls

Government takes desperate measures to shore up market, while feared internal security police announce they have begun investigating investors accused of ‘maliciously’ shorting blue-chip shares, as bubble bursts.

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The Washington Post

BEIJINGChina’s stock market recovered sharply in volatile trading Thursday after the government announced further measures to restore investor confidence, including forbidding major shareholders from selling.

Shanghai’s benchmark share index rose 5.8 per cent on Thursday, reversing direction after sliding 3.8 per cent earlier in the day. But it has still lost around a quarter of its value since a peak in mid-June.

In the latest in a series of desperate measures to shore up the market, regulators banned major shareholders, corporate executives and directors from selling stakes in listed companies for the next six months.

Officials also announced that banks could roll over loans backed by shares.

But, for some investors, it was the entry of the feared Public Security Bureau (PSB) that really changed sentiment.

The powerful internal security police announced they had begun an investigation into a dozen individuals and institutions accused of “maliciously” shorting blue-chip shares.

The state news agency Xinhua said the move showed regulators would “punch” anyone who violates regulations and the law “with a strong fist.”

But if those moves calmed some of the panic in the markets, it was far too early to declare victory, analysts said.

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In the course of a couple of days the stock market experts had declared the worst financial depression since the Great depression of 1929 would befall China.  A couple of days later the strong and immediate reaction of the Chinese government to the market manipulation had driven out the devils and restored the market completely, recovering the $3.2 trillion within days.

The instantaneous action by the Chinese stock regulators and Chinese government left financial experts bewildered, prognosticators stunned, and crooked financial manipulators running for the border.  It seems odd that none of these tactics were employed by our government during the 2009 American financial collapse.

For comparison purposes, the loss of wealth to American households in the 2009 recession totaled an astounding $14 trillion, and the worldwide loss was $34.4 trillion.  Clearly the screams of "depression" by the economic experts about China's $3.2 trillion in lost value, which was erased in a matter of hours, were either efforts to further drive down the Chinese market value, were the result of algorithms gone mad, or were deliberate lies to undermine the Chinese market.


Our little recession of 2009 cost Americans more than four times as much money as the temporary Chinese drop.  We are still trying to recover from 2009 six years later.  China did it in about 48 hours.  Six years later no one is in jail for causing the 2009 crash while the Chinese are preparing to prosecute brokers within a few hours and in China they take corruption and stealing from the public seriously.

It seems as if our financial experts are worthless when it comes to knowing the Chinese market as the latest flurry of lies and scare tactics demonstrate.  This swift and decisive action in China should tell us we continue to depend on a corrupt financial system here in America that is immune from government threats and prosecution.


There are a few things the Chinese can teach us about managing the parasites on Wall Street and their protectors in Congress.