The President will announce next Tuesday that he’ll send -probably- between 30,000 to 40,000 extra troops to Afghanistan, at $1 million per soldier. What he should also elaborate on, and what was told the media in preparation for the speech, is that the White House has now pushed the decision to be out of Afghanistan to 2017. In other words, beyond “Obama time”, even if he were to seek and get a second term.
Maybe that’s the line of thinking on the economy as well, to leave the hard decisions for the next guy. It would fit the pattern Obama has set until now. He hasn’t stood up to anyone really so far. He’s watched from the sidelines on his own watch as the rich got richer and the poor got more destitute. He’s chosen the easy way out. When it comes to Wall Street and the economy, I find it hard to name even one single thing that Obama has done that Bush 43 wouldn’t have done exactly the same. And that is a disconcerting realization, even after a whole year of same old same old.
Moreover, if that’s the idea, to avoid the hard decisions, it wouldn’t work anyway. The US will be called to -financial- order even long before Obama’s first term is done. But then there’s of course always the possibility lingering in the background that it’s not a matter of not making the hard decisions now. Maybe those decisions were made long ago, by the people who paid to get Obama where he is today. I have no doubt we’ll know by Thanksgiving next year.
FDR recognized how much certain special interests hated him, and famously proclaimed he welcomed their antagonism. Obama is no FDR.
[ Ilargi ]
The seventies was the last time Americans allowed for discussion and dissension in the ranks. Americans were for the first time really gaining an understanding of vital, fundamental truths about themselves and their country. What they saw, when only the top layers had been peeled back was, for the majority, just too awful to contemplate. So they voted in Reagan and the rest is what you have today.
[ H/T for bringing this fine fillum back into my field of view ]
Sure, it’s only a movie, but when has this much naked truth ever been leaked in any form to an unsuspecting public? I saw it originally on broadcast teevee, being too poor to afford a movie ticket. I was bowled over by the fact that it could be shown on a television network (which it mercilessly parodied- & btw, we’re living it’s future now with the boob tube’s latest, greatest distraction sappy, cheesy, pathetic ‘reality’ shows). Just imagine: Moms and Dads throughout the land had the opportunity to see this movie broadcast right into their living rooms. They didn’t get it then, just like they aren’t getting it now.
“Wall Street and .gov are risking the bankruptcy of entire nations rather than coming clean and thereby risking their careers. It truly is a spectacle worth observing.”‘ -Illargi
Is global deflation more than a rumor? (The relevant part begins at 1:15)
The Grand Wazoo planners of Ordos, China, putting cart before horse.
Newspapers and Thinking the Unthinkable
by Clay Shirky
A fascinating and observant piece examining and articulating, in a much larger context than you have read anywhere else before, many of the reasons newspapers are destined to become extinct.
The Global Oil Scam: 50 Times Bigger than Madoff
by Philip Davis
I have been discussing off-line how just about every system (you name it) in America is either corrupted, broken, or both. About how everything is being gamed, from cell phone contracts to overly complicated mortgage contracts designed to trip you up so they can fee you. Unregulated exchanges and securities (e.g. CDS) are not meant for your prying eyes, nor can you participate. But the exact same sort of churn employed in ICE is very much in evidence today (if you look closely) in the rapid rise of the stock market the last six months. How else can it be explained when the most active stocks traded during this period are zombie banks and fraught-with-fraud GSE’s? So, no surprise, oil prices are kept artificially high using the same method: the churn. What can one do? Do what I do: starve the beast.
Did Christianity Cause the Crash? by Hanna Rosin
Cause or affect?
“America’s mainstream religious denominations used to teach the faithful that they would be rewarded in the afterlife. But over the past generation, a different strain of Christian faith has proliferated—one that promises to make believers rich in the here and now. Known as the prosperity gospel, and claiming tens of millions of adherents, it fosters risk-taking and intense material optimism. It pumped air into the housing bubble. And one year into the worst downturn since the Depression, it’s still going strong.”
THE LLOYD’s Prayer
Who Art At Goldman,
Blankfein Be Thy Name.
The Rally’s Come. God’s Work Be Done
On Earth As There’s No Fear Of Correction.
Give Us This Day Our Daily Gains,
And Bankrupt Our Competitors
As You Taught Lehman and Bear Their Lessons.
And Bring Us Not Under Indictment.
For Thine Is The Treasury,
The House And The Senate
Forever and Ever.
[ The Big Picture ]
Amazing Pictures, Pollution in China
New Form of Indentured Servitude @ The Confluence
I have to ask what it is wrong with this country? It seems to pushing its poor to the brink of destruction during a time of when its also funding (through direct funds and also extremely low interest rates) arbitrage profits for the already rich at places like Goldman Sachs. We might as well just call them all Princes and call ourselves the new corporate serfs because we’re going to be paying for our indentured status for some time under what’s going on right now. We’re tithing for the benefit of huge financial institutions be they investment bankers, insurance, or mortgage brokers. They’ve become the residents of the neoGothic cathedrals of the 21st century dark ages of America.
I often ruminate about when it was that humankind first realized that sex created babies. The obvious extension of that is, how come nobody could be bothered to tell my parents?
Happens all the time, been going on forever. At every level of govt from municipal to federal.
Legislators not following the law? Well, Americans do have a poor reputation around the globe for misunderstanding irony.
Want more irony? Malik Nadal Hasan specialized in traumatic stress.