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POPSMYG | California has hands out for Feds help California faces a $21 billion budget gap in the coming fiscal year. And this painful budget follows two years of already deep cuts in spending in the Golden State. ___ http://google.twi.bz/Cn ___ http://altacities.com
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POPSWall Street=+10 *** Main Street= -20 Good article to help raise that blood pressure. Just in case you were concerned about the welfare of those poor, maligned execs and CEOs of our beleaguered and abused financial institutions, this will help to reassure those nagging worries.
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POPSProgressives Angry With Obama As I said yesterday, I am noticing more and more people questioning their "appreciation" of Obama. I'm not far off either, as it is really becoming popular opinion when more and more Progressives (i.e. Liberals, Democrats) start writing and conveying their disappointment in this assumptive leader. Obviously their dismay is for different reasons than my own so I wouldn't listen to them too much; after all they are the ones that helped get us in this mess by convincing the uninformed to vote for him in the first place. But it sure is fun to read pieces like this:
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POPSLessons From John Galt "Depravity commands respect. Success is cast as evil and punished while failure is blamed on others and rewarded. Rand’s insights into the psychological state of collectivists—those who demand that we sacrifice our individual freedom and happiness for the sake of the state—explain what often seems incomprehensible to thinking people."
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POPSChina's high speed train line completed in just 4 years Now this is real stimulus. The U.S. has nothing like this. The only "stimulus" the present idiotic administration can come up with is throwing good money at the useless trade unions in the auto industry for more votes and payback for their support, and to bail out the fat cats in banks and on wall street. It is clear to me. this trojan horse empty suit is trying to wreck our economy.
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POPSEnvironmental Advocate Van Jones Quotes List At the White House Council on Environmental Quality, Van Jones is the special advisor for Green Jobs. Jones is an attorney, environmental advocate, author and civil rights activist. In 1996 he founded the Ella Baker Center for Human Rights, for alternatives to violence and incarceration a California NGO working.
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POPSObama's Critics Are Also in His Administration Those deficits were nothing compared to those provided in Obama's budget. His deficits would last years after the recession is over and in spite of the massive tax increases that promises to accompany them. The Democrats correctly criticized Bush's deficits. Feldstein notes that Obama's deficits, because of its expensive health care agenda will reach $9.3 trillion -- more than twice the amount of the previous administration. In an earlier article in the Washington Post, Feldstein noted that "For the 85 percent of Americans who already have health insurance, the Obama health plan is bad news. It means higher taxes, less health care and no protection if they lose their current insurance because of unemployment or early retirement." Feldstein also notes that the price of the program is enormous and would cost more than $1 trillion and would raise the current maximum tax rate from 35 to 45 percent.
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POPSSeniors are America's new Jews FTA: "Seniors now find themselves as the official go-to group for a president intent on taking both life and property and giving to those who are younger, more diverse, to illegal immigrants, and Democratic Party allies. Consequently, the Obama-led Democrats, with the help of intellectual and media elites, have declared open season on grandma and grandpa, with Newsweek Evan going so far as to feature a cover detailing "The Case for Killing Granny." My son & I were discussing this after I had put my Mother to bed. The best way to provide for Congress' Health Care Bill is to limit the number of users. The best way to "help the Planet" is to decrease the population. The best was to "save Social Security" is to eliminate the number of people who need it. I'm not a journalist, an elitist, a Marxist, a numbers-cruncher but even I can see what they are doing. Those who no longer are major contributers to society have no rights in Obama's society.
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POPSHot Air: Welcome to the Obama Administration’s “New Transparency” I’m sure it is … for analysts and Fannie and Freddie workers, but I’m not sure taxpayers should share that optimism. The report states the U.S. Treasury will receive preferred stock paying 10% dividends and warrants to acquire nearly 80% of the common shares in Fannie and Freddie. However, the Treasury has already loaned $60 billion to Fannie and $51 billion to Freddie. At this point, it’s hard to believe more money is the answer. Maybe the New York Times was right: Democrats plan to talk about deficit reduction in 2010 but not do anything about it for now. Or as President Obama puts it: “Mr. Obama calls it “a false choice” to pit spending to spur the economy against reducing the deficit. His advisers say the president, and American voters, favor both " spending to create jobs in the short term, and commitment to spending discipline and deficit reduction over the long term.”
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POPSTQ: Where was TSA in this case? With all of the expense, training and manpower put into the TSA since the 911 disaster, how could such a thing happen now or ever? http://google.twi.bz/3n TQ: TIMELY QUESTION by http://altacities.com
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POPS"Good things take time". Wall Street is still "current", as is "Barbarians at the Gate" I feel both are well worth watching during this holiday break.
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POPSEveryone's Defaulting, Why Don't You? Thanks to Tom Kroll for the link. I need to clip it again in order to classify it in our trends database (See Categories on www.openintelligence.amplify.com.) It could well be the governments will lead the way when it comes to "strategic" defaults, or we'll pay only those we feel like (for instance our friends on Wall Street), not the far off foreign bond investors, for example.
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POPSTop 25 Censored Stories for 2009/10 "Project censored is one of the organizations that we should listen to, to be assured that our newspapers and our broadcast outlets are practicing thorough and ethical journalism." — Walter Cronkite
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POPSThe Health Bill Is Scary My 25 years as a practicing physician have shown me what happens when government attempts to practice medicine: Doctors respond to government coercion instead of patient cues, and patients die prematurely. Even if the public option is eliminated from the bill, these onerous rationing provisions will remain intact. For instance, the Reid bill (in sections 3403 and 2021) explicitly empowers Medicare to deny treatment based on cost. An Independent Medicare Advisory Board created by the bill"composed of permanent, unelected and, therefore, unaccountable members"will greatly expand the rationing practices that already occur in the program. Medicare, for example, has limited cancer patients' access to Epogen, a costly but vital drug that stimulates red blood cell production. It has limited the use of virtual, and safer, colonoscopies due to cost concerns. And Medicare refuses medical claims at twice the rate of the largest private insurers.
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