“The Bear Market Economics Phenomenon” is an observation of Political Economics. Wall Street Admits: ‘We Got Rich Off the Backs of Workers’ thus creating the Bear Market. The Bear Market is America's default war.
The ethic of Wall Street is the ethic of celebrity. It is fused into one bizarre, perverted belief system and it has banished the possibility of the country returning to a reality-based world or avoiding internal collapse. A society that cannot distinguish reality from illusion dies.
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The GOP War Against America Calls for the Same Against the GOP
Caution: the following article contains objectionable GOP propaganda. While we do need a purge of Congress, make no mistake that the GOP can not live with a Democrat Majority. In a progressive clean sweep, the GOP must go first. Next to go are party traitors who do not adhere to the Democratic Platform.
Story Updated.
Missouri Billboard Calls for Revolution: War Against America
Fired Up! Missouri points out that the Lafayette County Republican Central Committee is highlighting a new billboard in the state with steps for a "citizens guide to revolution of a corrupt government": It calls for citizens to "starve the beast" and "vote out incumbents" -- and if that doesn't work, "PREPARE FOR WAR."
Look, I'm all for reasonable and rational criticism of our government as the representatives of the people - but at a certain point you have to pull over the crazy train before it goes completely off the tracks.
Nevermind the fact that there is no Gun Legislation on the horizon, that the House Health Care Bill practically reverses Roe V Wade and Obama has done literally nothing about DOMA or DADT - still they fear the exact opposite.
And via Huffpo in Colorado we now have this which is accusing Obama of being a Jihadist in support of the Ft. Hood Shootings!
As I've written before the hole in the deficit was blasted George W. Bush with his Wars of Choice and the Great Recession of 2008.
First of all, the primary complaint coming from the Tea Parties was the issue of Government Spending, particularly in the wake of the 2008-2009 Deficit. That would be shown in the following chart from OMB in Billions of Dollars (I've added a column showing the difference between these years, item by item, and the percent of increase to the deficit for each item so we can all see exactly where it came from)
Spending
2008
2009
Difference
% of Deficit
Discretionary Spending
Defense
612
726
114
9.84%
Non-Defense
508
586
78
6.73%
Mandatory Spending
Social Security
612
675
63
5.44%
Medicare
386
425
39
3.36%
Medicaid
201
262
61
5.26%
Other
411
429
18
1.55%
TARP
260
260
22.43%
Recovery Act
267
267
23.04%
Interest
253
167
-86
-8.85%
Disasters
4
4
0.41%
Total Outlays
2983
3801
818
70.58%
Taxes
Individual
1146
953
-193
-16.65%
Corporate
304
175
-129
-11.13%
Social Security
658
655
-3
-0.26%
Medicare
194
192
-2
-0.17%
Unemployment
40
44
4
0.35%
Retirement
9
9
0
0.00%
Excise
67
66
-1
-0.09%
Estate Tax
29
26
-3
-0.26%
Customs
28
24
-4
-0.35%
Fed Reserve
34
25
-9
-0.78%
Other
17
16
-1
-0.09%
Total Taxes
2526
2185
-341
-29.42%
Deficit
-457
-1616
1159
It might seem like a legitimate grievance to point out the U.S. Deficit jumped from $400 Billion to $1.6 Trillion in one year, but the truth clearly shows the primary reason why was - Tax Revenues Went DOWN ALMOST 30%!!! There are two reasons for that, one could be the Tax Cuts Implemented by President Obama in the Recovery Act (except the real impact of this change won't show up until Fiscal Year 2010) and the other is the fact that people lost their jobs (and homes) during the economic down turn - which came to full-blown fruition under President Bush's "starve the people/feed the corporations policy" - that they weren't able to pay taxes the way they did the previous year. They were Broke!
Obama walked into Office with a $1.4 Trillion budget shortfall on DAY ONE. The fact is that the Stimulus Bill actually Cut Taxes for Small Business and the fact that the Banks have actually been paying back the TARP funds - none-the-less these people still rail on!
Wolf Interstate Leasing in Wheat Ridge, Colorado has put up a billboard insinuating that President Obama is somehow tied to Jihadists and the Fort Hood shootings. The billboard features cartoons that show a caricatured President morphing from a suit-wearing politician into a turban-wearing jihadist. The words, "Remember Ft. Hood" appear at the bottom.
Let's not pretend that this type of thing is merely coming from a so-called "Fringe" element - not when the Majority of Republicans believe that Acorn Stole the Election.
The new national poll from Public Policy Polling (D) has an astonishing number about paranoia among the GOP base: Republicans do not think President Obama actually won the 2008 election -- instead, ACORN stole it.
There is a deep seated fear and paranoia at work here. A fear of that which is "Different" - a fear of losing "Their America" - which let's just be frank and admit is, is the "Good White Christian" America. They can not believe or stomach what they see as the oncoming descendency of White/Christian Priviledge and Influence. This is why they have focused laser-like on Obama and in particularly ACORN - because both of them represent the ascendency of the forgotten. The minority becoming the majority and the increasing irrelevance of their own myopic, paranoid concerns.
And of course the number one cheerleader for the Fear Parade is Fox News - who are Trawling For Violence against the President and Government.
Frank Sheaffer on Maddow:
The Truth About ACORN:
As the video points out ACORN has only registered 2 Million people - so exactly how did they cast the 9.5 Million Votes that put Obama over the top against McCain?
Paranoia and Delusion doesn't have to be logical - it's simply exists and continues to feed itself into further and further frenzy. It doesn't matter if Obama succeeds, they will ignore and deride it - if he fails they will Cheer.
They will do whatever it takes, even destroy this nation from the inside - to "Save" it from the future that they fear Obama will bring.
Vyan
Updated Fixed some typos since I had to run to work before fully proofreading, and added a chart I mentioned but didn't include concerning the actual 2008-2009 Budget Deficit Numbers.
Obama will fail or succeed based on one thing right now: jobs. If he can create jobs, he will be seen as the savior, much like FDR (even though the new deal failed.) If he cannot stimulate job growth, no matter what else he does do, he will have failed. There is one easy way to stimulate job growth that will cost him nothing: repeal the Estate Tax. See www.estatetaxtruth.org to see how that would work, but the bottom line is that Obama needs to act fast, if he wants to go down in history as anything other than a failure.
Obama will fail or succeed based on one thing right now: jobs. If he can create jobs, he will be seen as the savior, much like FDR (even though the new deal failed.) If he cannot stimulate job growth, no matter what else he does do, he will have failed. There is one easy way to stimulate job growth that will cost him nothing: repeal the Estate Tax. See www.estatetaxtruth.org to see how that would work, but the bottom line is that Obama needs to act fast, if he wants to go down in history as anything other than a failure.
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