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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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POPS2010-The Year of the AWAKENING I’ve always been a fan of Mr. Rogers. His trip around the world on a Motorcycle is an experience in itself. What an adventure that must have been. As for Bernanke and Greenspan, Jim is so correct. Bernanke is just one of many from Goldman Sachs that now is part of the Obama the Joker administration. Bernanke is just helping out his fat cat friends the same that Obama claims to be opposed to. What a charade. I love Jim Rogers sense of humour , I usually follow all his interviews from this blog http://www.JimRogers.tk
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POPS10 ways to Screw over the Corporate Jackals
Really fun article with solid information and common senes suggestions.See the additional headings below: "3. Kill your landline. If you have a cell account, you don't need a landline, so they're just jacking you for money. And didn't we already discuss how you should unplug your cable? 4. Reacquire your wealth. The easiest way for the Federal Reserve, led by Time Magazine's ludicrous Person of the Year Ben Bernanke, to pick your pocket is through your accounts and investments... 5. Pacify your portfolio......chances are it's probably still poisoned by hyperleveraged funds or other financial stratagems, invested in oil, housing, malls, SUVs.... .6. Take credit. If you have more than two credit cards, you're simply asking for trouble. 7. Avoid CDs and DVDs: 8. Stop buying bottled water, factory-farmed beef and new cars, especially hybrids. 9. Do not watch whiny bitches. Especially so you can tell us how whiny they are; 10. Start or join a third party. "You want the puppet on the
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POPSObama Planning a Legal Fudge for TARP? According to Reuters, “the administration was looking at setting up a special purpose vehicle to be a conduit for money…that would get around restrictions on executive bank pay.” There’s an irony here. Didn’t “special purpose vehicles” help carry us into this credit crisis to begin with? (Answer: They did! And into the Enron debacle, too.) Besides, isn’t it unseemly for the executive to skulk around the intent of a duly passed law? If the law is flawed, shouldn’t the administration persuade Congress to change it?
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POPSObama's False Economic Consensus Greg Mankiw, to cite one of scores of possible examples, is an "economist who's looked at it," and he had an op-ed in The New York Times just yesterday that cited several other economists who have looked at stimulus packages throughout the ages. His conclusion? Successful stimulus relies almost entirely on cuts in business and income taxes. Failed stimulus relies mostly on increases in government spending. A growing body of evidence suggests that traditional Keynesian nostrums might not be the best medicine. Obama is a political master at drawing boundaries around the "respectable" debate and marginalizing a swath of his critics as being beyond the pale.
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POPSUncle Ted's American Jobs Summit America is quickly arriving at an economic crossroads. States such as California and Michigan are free-falling into economic collapse. Unemployment is at its highest peak in over 20 years. We are trillions of dollars in debt and the unsustainable debt continues to rise. There is no economic good news. Honey, we're broke. Let's go on a shopping spree!
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POPSPrisons Taking Work From Private Sector: Current Employees Laid Off 
at an Otisville, N.Y. prison are continuing their jobs: producing solar panels The insanity continues: “green jobs” are turning into “orange jumpsuit” jobs. Unfortunately, most Americans remain unaware of the Federal Prison Industries’ (FPI) exploits. FPI employs cheap prison labor " compensating inmates at wages of between 23 cents and $1.15 an hour " to assemble products purchased by federal agencies under a mandatory source arrangement. Mandatory source status means if a federal agency needs to purchase a product offered by FPI, the agency must buy it from FPI, even if the price is higher, the quality lower or the delivery longer than that of commercial products FPI has used its competitive advantage for years to expand its business into such industries as furniture, vehicular components and textiles. Just recently we learned Traverse Bay Manufacturing Inc. a family-owned textile products business in northern Michigan, also is losing business to federal prisoners
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POPSBilly Graham Center Archives: Records of the Fellowship Foundation (The Family) concerned largely with either contacts between members of the prayer breakfast fellowship in Washington and those leaders of the indigenous movement in a particular country This page includes historical background and list of of archived documents, tapes, and photographs.The International records are fascinating: an astonishing list of countries and the years during which The Fellowship Foundation has used Christianity as a political tool to interfere in the development of nations. What was the extent of Billy Graham's involvement? There is a 25-year restriction on access, so any any activities that occurred during the Regan's 2nd term through Bush, Jr. administration are not available.
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POPSThe Uncertainty Economy One big difference between Washington and private markets is that politicians think everything they do is free-standing. Markets, however, combine all the potential costs of Washington's policies and then decide whether to invest, or not. Consider what private decision-makers see in their future: A 2,074-page, trillion-dollar health-care bill to redesign 17% of the U.S. economy. A carbon tax"cap and trade"that remains an Obama priority ahead of the Copenhagen climate summit next month. A falling dollar and gyrating commodity prices, with no idea where those prices will go next. Democratic liberals are talking about an income tax surcharge to pay for any commitment in Afghanistan. Card check, to expand unionization of the private economy, remains a priority. Domestic discretionary spending in fiscal 2010 is set to rise at 12.1%, with inflation near zero. Nurturing a fragile economic recovery into a durable expansion requires policies that restore public confidence and reassure
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POPSPirates Set Up An Exchange to Manage Their Investments "The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials ... we've made piracy a community activity." Haradheere, 400 km (250 miles) northeast of Mogadishu, used to be a small fishing village. Now it is a bustling town where luxury 4x4 cars owned by the pirates and those who bankroll them create honking traffic jams along its pot-holed, dusty streets. Somalia's Western-backed government of President Sheikh Sharif Ahmed is pinned down battling hard-line Islamist rebels, and controls little more than a few streets of the capital. The administration has no influence in Haradheere -- where a senior local official said piracy paid for almost everything. "Let the anti-piracy navies continue their search for us. We have no worries because our motto for the job is 'do or die'." Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out
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POPS Official Hot Air: The Obama Watch (actually 17.5 percent by the government's own numbers, counting "discouraged" workers who've quit looking for a job and counting part-timers seeking full-time), and the economy still losing a quarter million jobs per month, and 2.9 million jobs lost since Obama signed the $787 billion non-stimulating stimulus bill into law in February, the administration's economic agenda is basically a suicide mission that treats job creation like cigarettes -- something to discourage through increased regulations, more central controls and higher taxation. The basic Law of Demand principle in Economics-101 shows that consumers purchase less of something when the price goes up, and it's no different with employers and entrepreneurs when they're deciding on how much labor to purchase or how many jobs to create through business expansion or new start-ups.
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POPSAmerica’s #1 Export This satisfies White House strategists, who seek a way out of a growing political impasse, and also the economic gurus at Obama’s ear, who believe government spending can create new jobs and kick-start the economy. These economic geniuses are the latter-day followers of John Maynard Keynes, an economist who believed we could end unemployment and fight our way out of economic malaise by having the government hire workers to dig ditches and then fill them back up again. They didn’t necessarily have to produce anything of value, as long as they went through the motions. All government has to do is "prime the pump," and this will set in motion a process ending in full employment. You can build hospitals or pyramids, it doesn’t matter; military spending will do. In this scenario, we are back to when James Baker was asked to justify the first Gulf war, and he replied, "Jobs, jobs, jobs." What better (economic) stimulus than a foreign policy of perpetual war?
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POPS Obanamomics 101 That stimulus has failed to stimulate, and the administration's claims of jobs it has supposedly created or saved have been discredited and become a national scandal. Obama's excuse: Calculating a jobs number is an "inexact science." Small, targeted tax cuts like the one aimed at small business won't do much for hiring. "This is an anti-risk-taking climate," says Republican representative Paul Ryan. "You have to give them incentives to lower the price of risk." Ryan recommends cutting the business income tax to 25 percent from 35 percent, eliminating the tax on capital gains for two years, and providing a 100 percent tax writeoff for equipment, plant construction, and other expenses the first year. Hiring would follow. Presidents from Calvin Coolidge to John Kennedy to Ronald Reagan to George Bush understood that strong incentives are necessary to trigger rapid growth and hiring.
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POPSObama Pushes Lobbyists Off Federal Advisory Boards
The reaction from the lobbying community has been swift and overwhelmingly negative. Some of the loudest criticism has come from the Industry Trade Advisory Committees (ITACs), a collection of more than a dozen panels that provide policy advice and technical assistance to the Commerce Department and the U.S. Trade Representative. The ITACs, whose roughly 400 members include at least 130 lobbyists, officials say, have taken the lead in attacking the White House policy as misguided and harmful to U.S. business interests; a letter to Obama from committee chairs last month included executives from Boeing, IBM, Harley-Davidson and International Paper. "This action will severely undermine the utility of the advisory committee process," the letter read. ". . . The characteristics that make many Advisors valuable to the Administration the same characteristics that are being used to artificially disqualify them from participation in the Committee system."
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