Greetings good citizen,
Nothing is more poignant than the daily headlines for driving home the point that our civilization is scroomed!
We need look no further than the top story in the business section for proof:
My ‘problem’ with this choice is not the chosen but the chooser, who has proven to be Wall Street’s boy from day one.
We have already witnessed some well qualified appointees resign in frustration…and if this woman has integrity it is likely she too will go the way of her predecessors.
But it gets better:
How ironic is it that if they were serious about reducing ‘terrorism’ in the world they’d make their most promising progress by slashing their own budget?
Not only has the invasion of Iraq and Afghanistan lasted TWICE AS LONG as WWII but it has also been TWICE AS COSTLY!
Yet you don’t hear the conservo-whackos screaming to cut the Pentagon’s budget, do ya?
No, instead we get headlines like this:
When the whole economy is deader than a door nail, a 5% reduction in orders for commercial aircraft really spanks you in the bottom (line that is.)
Housing prices are up ‘relative to what they were last year’ (and not 6 years ago when things were booming.
It may be ‘the biggest increase’ SINCE then but what are they really saying?
I saw some twit last night proclaim that if they could keep up the pace the current ‘inventory’ would be ‘sold out’ in just 4 months.
What a crock! Guess who’s buying all of the houses?
Why it’s our old pal Flipper, (betting he’s finally going to find renters at long last!)
Guess what?
Flipper is…WRONG AGAIN!
And like the last ‘bubble’, Flipper is going to ‘walk away’ when the renters fail to materialize.
But our next headline shines a light on the current state of economic affairs:
Turning down this merger is the right thing to do…however, it isn’t over yet.
If you can’t soak the public you can always take the sure route of soaking the government:
Wrecking stuff then getting paid to rebuild it…can’t beat that racket.
It’s a ‘self-reinforcing circle’.
Better shake a leg here, we’ve still got a lot of ground to cover.
If there were a half a brain between the 500 plus of ‘em, they’d know the system was bankrupt without even asking ‘the Bernank’…
The only reason the home sales are calming the market is because they (the corporate owned media) believes the average citizen is too stupid to figure out there is no ‘recovery’ in the housing market (nor will there ever be!)
And again we are expected to be shocked by this latest revelation:
Then we have this ‘gem’:
Better to let the candle remain lit than to curse the darkness.
And finally:
Thanks for letting me inside your head,
Gegner
Nothing is more poignant than the daily headlines for driving home the point that our civilization is scroomed!
We need look no further than the top story in the business section for proof:
DealBookI’m not kicking the poor woman in the shins but who do you place in a sensitive position like that who ISN’T an ‘insider’?
Obama’s Nominee for S.E.C. Tries to Allay Skepticism
By BEN PROTESS
Mary Jo White, President Obama’s choice to lead the agency, is telling Congress she can avoid conflicts of interest despite her Wall Street clients.
My ‘problem’ with this choice is not the chosen but the chooser, who has proven to be Wall Street’s boy from day one.
We have already witnessed some well qualified appointees resign in frustration…and if this woman has integrity it is likely she too will go the way of her predecessors.
But it gets better:
The budget cuts scheduled to start taking effect on Friday would affect all facets of the federal budget, including aviation and military spending.Um, that last headline is a bit deceptive considering the government has been spending at an ‘unprecedented clip’ since this whole ‘War on Terra’ thing got started.
Austerity Kills Government Jobs as Cuts to Budgets Loom
By BINYAMIN APPELBAUM
The federal government is cutting back at a pace exceeded in the last half-century only by the military demobilizations after the Vietnam War and the cold war.
Graphic: Austerity Is Here
How ironic is it that if they were serious about reducing ‘terrorism’ in the world they’d make their most promising progress by slashing their own budget?
Not only has the invasion of Iraq and Afghanistan lasted TWICE AS LONG as WWII but it has also been TWICE AS COSTLY!
Yet you don’t hear the conservo-whackos screaming to cut the Pentagon’s budget, do ya?
No, instead we get headlines like this:
Durable Goods Orders Drop as Aircraft Demand FallsHow ironic is it that the same sort of ‘phenomenon' accounts for the recent ‘surge’ in home prices (after years of flat lining.)
By THE ASSOCIATED PRESS 47 minutes ago
A sharp drop in demand for commercial aircraft caused overall durable goods orders to drop 5.2 percent last month, but orders for core capital goods like machinery, equipment and software rose 6.3 percent.
When the whole economy is deader than a door nail, a 5% reduction in orders for commercial aircraft really spanks you in the bottom (line that is.)
Housing prices are up ‘relative to what they were last year’ (and not 6 years ago when things were booming.
It may be ‘the biggest increase’ SINCE then but what are they really saying?
I saw some twit last night proclaim that if they could keep up the pace the current ‘inventory’ would be ‘sold out’ in just 4 months.
What a crock! Guess who’s buying all of the houses?
Why it’s our old pal Flipper, (betting he’s finally going to find renters at long last!)
Guess what?
Flipper is…WRONG AGAIN!
And like the last ‘bubble’, Flipper is going to ‘walk away’ when the renters fail to materialize.
But our next headline shines a light on the current state of economic affairs:
DealBookIn a ‘saturated market place’ the most you can do to boost the bottom line is ‘buy market share’ (by buying our the ‘competition’…then sticking it to the customers!)
Regulators Block Ryanair’s Latest Attempt to Buy Aer Lingus
By JAMES KANTER 19 minutes ago
As the European Commission blocked the attempt by Ryanair for competitive reasons, the Irish carrier reiterated that it would appeal the decision in court.
Turning down this merger is the right thing to do…however, it isn’t over yet.
If you can’t soak the public you can always take the sure route of soaking the government:
EADS Profit Soars 19 PercentWhat’s the old saying, ‘war is good business.’
By NICOLA CLARK 7:28 AM ET
The company says it made about $1.56 billion in 2012 thanks to commercial aircraft sales, even though its military segment struggled amid budget troubles in the United States and Europe.
Wrecking stuff then getting paid to rebuild it…can’t beat that racket.
It’s a ‘self-reinforcing circle’.
Better shake a leg here, we’ve still got a lot of ground to cover.
Fed Defends Stimulus in Testimony to SenateHow does Helicopter Ben justify bailing out the world’s financial system (to the tune of 22, we don’t have ‘em, trillion) to a financially incompetent legislative body?
By BINYAMIN APPELBAUM
Ben S. Bernanke told senators that the central bank saw its campaign as necessary and effective, reassuring them that its benefits outweighed any risks.
Economix Blog: Does Bernanke Have the Best Inflation Record? | By Unemployment, Not So Good
Home Sales and Bernanke Calm Market
If there were a half a brain between the 500 plus of ‘em, they’d know the system was bankrupt without even asking ‘the Bernank’…
The only reason the home sales are calming the market is because they (the corporate owned media) believes the average citizen is too stupid to figure out there is no ‘recovery’ in the housing market (nor will there ever be!)
And again we are expected to be shocked by this latest revelation:
News AnalysisDoes ANYONE truly believe the Euro-zone crisis is over, seriously?
Italian Deadlock Rekindles Anxiety About Euro Zone
By LIZ ALDERMAN and JACK EWING
The apparent political gridlock signaled by its elections raises new fears that the euro crisis may be far from over.
European Markets Dip Amid Uncertainty
Italian Parties Maneuver After Electoral Split
Then we have this ‘gem’:
Officials have recommended that nuclear plants like Nine Mile Point in New York install new safety equipment.Let’s ‘cut to the chase’…the only ‘safe’ nuke is a cold one…but if you shut down the nukes without first installing adequate renewables the entire grid would shut down in less than a day.
Post-Fukushima, Arguments for Nuclear Safety Bog Down
By ERIC LIPTON and MATTHEW L. WALD
A dispute is developing between the nuclear industry and regulators, and among the regulators themselves, about the necessity of more safeguards at power plants.
Graphic: Tasks Remain for the American Nuclear Industry
Better to let the candle remain lit than to curse the darkness.
And finally:
DealBookThe Litany of Woe was quite detailed today, a rather good ‘capture’ if I must say so myself.
Wall Street Pay Rises, for Those Who Still Have a Job
By SUSANNE CRAIG 6:39 AM ET
The average cash bonus for people employed in New York City in the financial industry rose by roughly 9 percent, to $121,900, in 2012, the New York State comptroller said.
U.S. Banks in 2012 Posted Highest Profits Since 2006,
Thanks for letting me inside your head,
Gegner
No comments:
Post a Comment