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POPSThe Wrong People Are Being Blamed Hard to put blame on people you cant see, because they live in gated communities. Play golf at a club you cant attend. And eat at restaurants you cant afford.
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POPS80-Year Anniversary Of "Black Tuesday"
More commonly known as "Black Tuesday," October 29, 1929 was the last of four so-called "black" days which ushered in the Great Depression. In fact, the stock market collapse in the U.S. for at least one month after Black Tuesday. Eventually, the Great Depression grew into a worldwide financial calamity that lasted, by most conventional accounts, until the end of World War II. By 1933, the U.S. gross domestic product (GDP) was cut in half. The Depression caused many farmers to lose their farms. At the same time, years of erosion and a drought created the “Dust Bowl” in the Midwest, where no crops could grow. Many traveled to California to find work, a subject written about by John Steinbeck in "The Grapes of Wrath." Many others ended up living as “hobos” or in “Hoovervilles”, make-shift homeless encampments named after then-President Herbert Hoover. During the 1928 Presidential campaign, Hoover campaigned on a number of slogans, one of which was "Vote for Pros
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POPSFighting For The Welfare State This makes me really proud to be Danish. Anyway, why ARE we so happy? Well... we all know how we are all are in the grip of the worldwide economic crisis at the moment, right? Well, despite this, a huge number of Danes are now calling for the government to please let us pay more taxes! "Please raise taxes, so we can afford more!". :p .Now... I know this might seem odd and counter-intuitive to some, but please lend me your ear and I'll try to explain.... :) In a society like for example the US, where Wall Street reigns supreme and the gap between rich and poor just grows every day, how can it be expected that there is anything in it all, for the little guy? Capitalism is all good and fine, but money shouldn't be the goal, but merely the means. It's not about how much you have, but how much you give.
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POPSWhat’s Likely to Happen to Maj. Nidal Malik Hasan? Perhaps what’s likely to occur, writes the Chron, is a court-martial under Article 2 of the Uniform Code of Military Justice, to punish offenses allegedly committed by a man wearing a U.S. military uniform against other military personnel on a military base. The Army’s Criminal Investigation Division is responsible for recommending charges, prompting the military equivalent of a grand jury, known as an Article 32 hearing, where both prosecutors and defense can present evidence. Those results would be reviewed by the base commander, who would decide whether to convene a court-martial. The 12-person jury would be composed of officers higher in rank than Hasan " lieutenant colonels and above. Lead Writer Ashby Jones The Wall Street Journal's Law Blog Before becoming a journalist, he worked as a litigator at a large law firm and clerked for a federal judge.
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POPSDunn to Step Down as White House Communications Director In an interview, Dunn said she will stay on in a consulting role, but her communications director title was always meant to be temporary. The first communications director, Ellen Moran, stepped down in April to become chief of staff at the Commerce Department.
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POPSVEE Day in Alameda, California, we practiced duck-and-cover as well as earthquake drills. Nothing quaint or or historic about it then. Here’s Reagan speechwriter Anthony R. Dolan at the Wall Street Journal on the power of “Four Little Words” … you remember them: “Tear down that wall” … and the earth-shaking ideas they represented as well as the action that backed them. The popular myth is that the wall kind of toppled over by itself, with a little push from people power. That of course ignores not only the prior 44 years of Cold War … interspersed with several hot ones that cost us tens of thousands of American lives … it also ignores the massive military buildup of the 1980s, the encouragement of liberation movements behind the Iron Curtain, the tough engagement with old-school Soviet leaders and, not least, the cordial engagement with a Soviet leader who realized it was time to throw in the towel. An atmosphere was finally created in which people felt like they could
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POPSBank boss says 'we do God's work' Another example of religion being used to justify a position. I think it belittles religion and the religious. The misuse of religion gives an insight into the way they handle taking someone's last cents, before sending them to jail for not being rich. They would also believe that there is a special place in the afterlife for them and it is all good. They don't believe in suffering now to achieve glory in the next life (Mother Theresa and those types can have all of that - and a small donation - will suffice) The bonuses will be awarded to compensate workers for having to listen to people who seemed to have morals, over the last couple of years; and a reward for adjusting to honesty until the smoke cleared.
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POPSBank can't prove it owns the mortgage, Judge writes off $460k debt This is why Rep. Kaptur was telling people facing eviction to squat in their own homes , refuse to be evicted, and make the bank demonstrate in court that the debt is legitimate . Possession is 9/10 of the law. I predict that this is the first tremble of a massive shock-wave about to move through our economy.
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POPSDrowning in Debt This is from Ross Perot's site (remember him?). One of the comments at the site that I thought was really good: "Our dollar is backed by faith, how much faith is left? Sheesh, they’re going to run out of paper, granted it’s all electronic transfer so maybe not. But man, I just don’t see how catastrophic inflation isn’t a forgone conclusion at this point."
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POPSThe Democrats have lost the source of their passion This point by Paul Krugman is so true. Many people who voted for Obama, including myself, did so primarily out of hope that his spirit and belief in change deserved a chance to succeed. My candid perspective is that his spirit began to diminish during his swearing in and has continued to dissipate ever since. It's hard to understand and very frustrating...but i think my feelings of disappointment are shared by many in this country.
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POPSAnd the BEAT GOES ON!!!!!!!!!!!!!!!!!!!! ACORN-linked groups from neighboring Pennsylvania and New York "appear to have moved into the state," Fund wrote. Fund also reported that the state's Democratic Party is pressuring county clerks around the Garden State to downplay signature checks on absentee ballots. Without such checking, it is very difficult to detect absentee vote fraud.
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POPSGoldman Sucks’ new role: Taking Your Homes The couple alleges that Goldman declined for three years to confirm their suspicions that it had bought their mortgages from a subprime lender, even after they wrote to Goldman’s then-Chief Executive Henry Paulson — later U.S. Treasury secretary — in 2003. Unable to identify a lender, the couple could neither capitalize on a mortgage hardship provision that would allow them to defer some payments, nor on a state law enabling them to offset their debt against separate, investment-related claims against Goldman. In July, the Beckers won a David-and-Goliath struggle when Goldman subsidiary MTGLQ Investors dropped its bid to seize their house. By then, the college-educated couple had been reduced to shopping for canned goods at flea markets and selling used ceramic glass. Theirs is an infrequent happy ending among the hundreds of cases...
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POPSThe Crash 80 years later, could it happen again? (Note: Don't say it happened in the 1980's. That wasn't a crash, exactly)
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POPSWall Street's Naked Swindle This was a brokered bloodletting, one in which the power of the state was used to help effect a monstrous consolidation of financial and political power. Heading into 2008, there were five major investment banks in the United States: Bear, Lehman, Merrill Lynch, Morgan Stanley and Goldman Sachs. Today only Morgan Stanley and Goldman survive as independent firms, perched atop a restructured Wall Street hierarchy. And while the rest of the civilized world responded to last year's catastrophes with sweeping measures to rein in the corruption in their financial sectors, the United States invited the wolves into the government, with the popular new president, Barack Obama — elected amid promises to clean up the mess — filling his administration with Bear's and Lehman's conquerors, bestowing his papal blessing on a new era of robbery. Read the whole nasty sociopathic scam
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POPSWashington cuts Wall Street's allowance But none of that stopped right-wing critics of Obama's alleged march to totalitarianism from piling on. "This is fascism," Rush Limbaugh burbled on his radio show. "They're still privately owned, but they're being run by who? Not even Obama, we're told. The freaking pay czar, who doesn't even have to tell Obama what he's doing. So he doesn't have to stop at the execs; he can limit the pay of the janitors. He can limit the pay of anybody he wants, and pretty soon it's gonna spread beyond companies that took TARP money." Fox News posted a lengthy article wondering whether Feinberg even had the legal power to set the pay caps, though there's broad agreement elsewhere that he does. "If bankers don't challenge this, if they supinely accept it out of fear of what the government will do if they do challenge ... then you have a nation of sheep," Fox's legal analyst, Andrew Napolitano, said.
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POPSWall Street celebrates bonuses, schools beg for supplies We see stories like “Recession Pinches Back-to-School Budgets” http://www.cbsnews.com/stories/2009/10/03/eveningnews/main5361456.shtml and “School budgets dip, class sizes grow” http://www.msnbc.msn.com/id/32156424/ns/us_news-education/ along with reports of Wall Street reaping fat bonuses after being bailed out with taxpayer dollars. Sure, the bailouts were necessary to keep the economy afloat. Or so we are led to believe. And while the wisdom of a Wall Street bailout is being debated there is no debate about whether or not our schools need more money. Should public schools needs be ranked second to Wall Street because schools don’t turn a profit? Actually, if your head is on straight, you can clearly see how schools do turn a profit, but you need to value education above making money in order to see it. If you do, here’s an online charity that connects you to classrooms in need: http://www.donorschoose.org/
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POPSDick Cheney Takes It To Obama on National Security It appears that Obama’s dissenters are piling on his back. As a result, the foreign policy hawks and neocons are making a successful comeback. We all witnessed how capable and successful Cheney was when he took his case to the airwaves, TV shows, and editorials in defending the Bush administration’s legacy. It is beyond dispute that Cheney can make a convincing case and draw a sharp contrast between the Obama administration on what it takes to secure America and defends its interests. As more and more Americans see President Obama as indecisive in making his decision in Afghanistan, even as his commanders on the ground request direct action and troop increases, the more this type of onslaught will sink him further in the polls and erode what little is left of his political capital and public confidence. October 22, 2009 by Jason
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POPSPiggie Mike Moore: Stiffs Union Making Film <"This guy’s hypocrisy knows no bounds. Here it is Michael Moore is trying to tell Americans in his new propaganda piece Capitalism: A Love Story, that capitalism is evil all the while playing the role of a true capitalist pig and getting rich.">
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