These are the contributing authors on this site.
Bravo Barack Obama … well said!
President Barack Obama issued a withering critique Thursday of Wall Street corporate behavior, calling it “the height of irresponsibility” for Wall Street employees to be paid more than $18 billion in bonuses last year while their financial sector was crumbling.
“It is shameful,” Obama said from the Oval Office. “And part of what we’re going to need is for the folks on Wall Street who are asking for help to show some restraint, and show some discipline, and show some sense of responsibility.”
The president’s comments, made with new Treasury Secretary Timothy Geithner at his side, came in swift response to a report that employees of the New York financial world garnered an estimated $18.4 billion in bonuses last year. The figure, from the New York state comptroller, drew prominent news coverage.
Then we are facing this:
Eastman Kodak Co. said Thursday it is cutting 3,500 to 4,500 jobs, or 14 percent to 18 percent of its work force, as it posted a fourth-quarter loss of $137 million on plunging sales of both digital and film-based photography products. Its stock tumbled more than 23 percent.
Ford Motor Co. said Thursday it lost $5.9 billion in the fourth quarter and burned through $5.5 billion in cash as sales slumped, but the company still says it does not plan to seek federal loans.
The Labor Department reported that the number of Americans continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest on records dating back to 1967. That’s an increase of 159,000 from the previous week and worse than economists’ expectations of 4.65 million.
This is a drop in the bucket of what is on the horizon.
Apparently the “oh well” attitude will continue until the pink slip hits the mailbox of “we the people”.
Do you have a plan B?
If the breadwinner in your family were cut loose from their job what would you do? Those are things that could be just around the bend. The first domino has been pushed over … how long will that line take before it hits your spot on the planet?
California faces a $42 billion budget deficit through June 2010. Gov. Arnold Schwarzenegger has a plan.
Two-day-a-month furloughs (without pay) to all 238,000 state workers. Of course two employee unions had challenged Schwarzenegger’s executive order, saying he did not have authority to order furloughs.
Judge Patrick Marlette disagreed. In a preliminary ruling, he said the governor has “express authority to make the challenged order.”
Schwarzenegger has declared a fiscal emergency and he said the reduced-work plan will save California about $1.4 billion through June 2010.
Marlette said “The current circumstances constitute an emergency,” and “The challenged order is reasonable and necessary.”
So the furloughs are scheduled to start Feb. 6.
Schwarzenegger also has sought other concessions from state employees, including eliminating two of their 14 paid holidays.
The governor said “To me labor has the choice, and I made this very clear: That they can help us in making the decision in how they save the $1.4 billion,”.
From my perspective it’s a pretty simple decision … you take the cuts as individuals or you lose your job. My husband always says “half of something is better than all of nothing” … it is prudent to think along those lines sometimes in the real world.
Perhaps Barack Obama needs to pick up the same gauntlet with the federal government job force.
The public is called on to chinch in their belts … lets see Nancy P. spearhead the movement in her house.
That would be refreshing wouldn’t it?
Electronic database to include lawsuit, mental health, abortion, sexual details and only GOD knows what else.
Another little discussed insert in the Obama economic stimulus plan would demand that every American submit to a government program for electronic medical records without a choice to opt out.
Documentation on abortions, mental health problems, impotence, being labeled as a non-compliant patient, lawsuits against doctors and sexual problems could be shared electronically with, perhaps, millions of people.
Could be shared? … well we all know how leak proof ANYTHING in our government is. Lets translate that into lay language. Will be shared either for FREE or an under the table FEE.
Consumer Watchdog, even suggested today Google is trying to lobby for the “sale of electronic medical records.”
Pushing for the provisions so it may sell patient medical information to its advertising clients on the new ‘Google Health’ database?
Consumer Watchdog sent a letter to Congress urging them to put the nix on this process … no doubt like everything else it will be ignored by all. LETTER HERE.
Does any of this matter to you?
If so TO BAD.
This is simply one more thing the ‘Obama HOPE AND CHANGE’ is quietly trying to slip by the public.
Gee I wonder how this could possibly happen?
Well of late I have wondered not only how is this happening but when/where did it start?
It seems Bernard Madoff is a lightweight at ponzi when you look at the $825 billion stimulus plan.
The nation is about to be screwed without even a kiss.
The majority of the voting population voted for Barack Obama with the promise of change.
I would be willing to bet the change expected was not for the WORSE. In reality suddenly ALL sides of the isle are leaping onto the disaster bandwagon.
I have just had an opportunity to look over the latest American Reinvestment and Recovery Plan.
It sounds GREAT! Keep in mind the operative word is SOUNDS.
$825 billion stimulus plan? Stimulus to who? The majority of it certainly will not benefit you or me.
It does not take rocket science or even 4th grade math to realize this governmental 2 + 2 does NOT ADD UP to 4.
Those awestruck by ‘Obama Light’ are slowly beginning to realize they and their children will be left footing the bill.
Thank heavens I have a dollar tree in my back yard, I expect the value of those leaves are equal to that of the US dollars they are cranking out by US presses 24/7.
Nancy Pelosi in an interview TRIES TO JUSTIFY the expenditure of hundreds of millions of dollars for family planning services. How literally enlightening … “the states are in terrible fiscal crisis”? And that is solved by handing out condoms? Is this woman dumb as a stump?
How stupid does she think we are to fall for this CROCK?
Let’s see here it takes 3 mos for the money to hit these agencies, another 3 most to get the teaching process going, then at least a year for the drop in unplanned pregnancy to manifest (if it does and probably will not).
That is simply one logic shooting holes in the “Pelosi rationale’ and there is no doubt you all could come up with about 100 more.
Then we have our ‘clown friend Barney’ (Barney Frank that is) bailing out his buddy bank? You know the one that the FDIC is pinging on because of misconduct? Why is this ‘corrupt dunce’ still in a position to do any of this?
How intelligent can Barack Obama be to allow any of this on his watch. Maybe he thinks we do not hold him accountable for what his underlings do?
We also have the NOW FAMOUS Rod Blagojevich … I have now watched him on 3 interviews or clips of those interviews. The same mindset and phrase occurs ad nauseam. “I did nothing illegal” … it sounds so much like “I did not have sex with that woman” I want to throw up. What suddenly struck me like a ton of bricks … the common thread. These people HONESTLY DO NOT think they have done anything wrong.
I am sorry I DO NOT ACCEPT that because some people lie it is acceptable for all politicians to be liars.
The corrupt system wins when “we the people” think we do not count. That is the time when it is most necessary to take a stand and have your voice heard. At least you do not succumb to the apathy and become a part of the problem.
Let your voice be heard … http://www.congress.org/congressorg/home/ enter your zipcode and you will be taken to a page to contact your own state representatives. Let them know you are not happy having your future sold out from under you.
Dianne Goldman Berman Feinstein is the senior U.S. Senator from California, having held office as a senator since 1992.
Feinstein has been married three times. Her third husband, Richard C. Blum, is an investment banker with large investments in companies that have won large government contracts without competitive bidding. As of December 2006, according to SEC filings and FedSpending.org, three corporations in which Blum’s financial entities own a total of $1 billion in stock won considerable favor from the budgets of the Department of Defense and the Department of Veterans Affairs.
In 2003, Feinstein was ranked the fifth-wealthiest senator, with an estimated net worth of $26 million. By 2005 her net worth had increased to between $43 million and $99 million. Her 347-page financial-disclosure statement is characterized by the San Francisco Chronicle as “nearly the size of a phonebook.”
And to compound this conflict of interest it appears Mrs. Feinstein would be trading favorable vote for China and possibly selling them intelligence. After all Mrs. Feinstein is the Chairperson of the United States Senate Select Committee on Intelligence (SSCI). Can anyone believe these freaks in Washington? Let’s see we will put the most compromised untrustworthy senator in the senate whose husband has made multimillions from one of our potential enemies in charge of intelligence. The gall of these people just boggles my mind. The government school brainwashing have had such a huge impact when corruption and treasonous behavior by a senator smacks the public in the face they are completely oblivious to it. What spy? What conflict of interest? Instead the brainwashed press and masses concentrate on sex scandals and Obama’s gluteus maximus. Nothing better than being Jewish and a democrat these days is it Mrs. Feinstein?
As a politically insensitive person let me throw out a few names here. Julius Rosenberg, Ethel Greenglass Rosenberg, David Greenglass, Morton Sobell, J. Robert Oppenheimer, Leo Szilard, Bruno Pontecorvo, Morris Cohen, Lona Cohen, Robert Soblen, Jack Soble, Victor Perlo, Lee Pressman, Jacob Albam, Nathan Gregory Silvermaster, V. J. Jerome, Alexander Trachtenberg, Israel Amter, Arvo K. Halberg, Philip Bart, Philip Carl Weissberg, Joel Barr, Harry Dexter Weiss, Alfred Sarant, Harry Goldodnitsky, Theodore Hallsberg, Yakov Golos, Armand Hammer, Samuel Dickstein and Jonathan Pollard. All spies working against the United States of America. They got paid a whole lot less than Mrs. Feinstein’s husband. So why would Mrs. Feinstein be any different from these characters? She has a whole lot more motivation than these other spies. I mean after all for some people nations come and go. Money is forever. It’s all about the money isn’t it Mrs. Feinstein?
We can only hope the NSA is doing the equivalent of NATO secret to Mrs. Feinstein and her opportunistic colleges at the senate willing to sell out the United States for some Chinese gold and silver. For those of you not in the military back in the cold war days they had NATO secret documents which basically meant everyone in the world knew the information but we were going to pretend it was a real secret. We all knew the first frog or kraut that laid eyes on the document would go running to the nearest KGB operative and spill his or her guts as fast as their diarrhea mouth could spit out the information. So basically NATO documents were completely boring useless crap so frogs and krauts could feel useful “undermining” the United States. We can only hope Mrs. Feinstein is receiving the same treatment.
These freaks in Washington think the masses are stupid. And for the most part they are right. Talk to anyone who voted for Obama and we can see that brainwashing truly is effective. But those of us who are not will have to be dealt with sooner or later. We may just help our future opponent the Chinese in fulfilling the liberals’ dream of the destruction of America. We may rise up and create a second civil war. Maybe we will migrate to Canada, central and south America leaving the parasites the horrible task and realization that there are no workers to suck blood from. Or the most direct option of removing parasites from elected office. Nobody can predict how this will end up. Probably a combination of all the above.
One thing is certain is there is a large minority out there that is not buying your crap. When the dollar tanks, unemployment goes up to 12% and inflation flares to 30% a lot more will not be buying your bail out to the parasites crap. We all know you hate America. We all know you worship your gold and silver pieces far more than some stupid nation. Someday you will be gone. Make fun of nations. They come and go. You are right about that. But so will your family and its gold. We the people will make sure of that.