The fire sale of large blocks of foreclosed homes to large investors is being conducted by government right now.. These homes are being sold at deep discount and the government is supplying the financing . Which of course is increasing the investors leverage...God how I hate the word leverage.
Of course it's all being done in secret..
My favorite writer Mike Whitney lays it out here.. put a piece of copper in your fuse box before you read it.. you ain't gong to be happy.
As a comparison FDR solved the same problems by selling the mortgages back to the people who had been foreclosed on letting them stay in their homes and in the end the government turned a profit.. Why has thinking gone backward in 80 years.. Oh yeah I know... Corporations do all the thinking..
Tuesday, September 4, 2012
THE LOST MIDDLE CLASS AND GLOBALIZATION
Economists have argued against Globalization being the cause of our Middle Class decline till now. Suddenly they are changing their tune..(don't let the board hit you in the ass) (sometimes I think a college education is detrimental to the recognition part of the brain) From the minute Ross Perot and his "Great Sucking Sound" bit I have recognized that Globalization is "A RACE TO THE BOTTOM "across the globe..
The evidence has always been clear to me.. the decline of 5.5 million manufacturing jobs and the closing of 46000 factories is the US killed a lot of good paying jobs.... Why were those jobs shipped over seas , they say because wages were cheaper and profits would be higher... and perhaps they were in the beginning ..but you could see if you looked that the countries they were moving to were not prepared in a lot of infrastructure ways to handle manufacturing growth of this magnitude.. I predicted that China and India would have just a small glimmer in the sun and then fade as there is more than wages to profit.. Water and Power ,shipping costs, fuel costs, and demands for higher wages and a better life would kill them and so it is now coming to pass....Meantime our Middle Class has been destroyed while the worlds rich have gotten much richer..
Want to see the proof ..LOOK HERE. You won't have to read much just look at the graphs to get the picture....If you vote republican and you work for wages you are a fool...
The evidence has always been clear to me.. the decline of 5.5 million manufacturing jobs and the closing of 46000 factories is the US killed a lot of good paying jobs.... Why were those jobs shipped over seas , they say because wages were cheaper and profits would be higher... and perhaps they were in the beginning ..but you could see if you looked that the countries they were moving to were not prepared in a lot of infrastructure ways to handle manufacturing growth of this magnitude.. I predicted that China and India would have just a small glimmer in the sun and then fade as there is more than wages to profit.. Water and Power ,shipping costs, fuel costs, and demands for higher wages and a better life would kill them and so it is now coming to pass....Meantime our Middle Class has been destroyed while the worlds rich have gotten much richer..
Want to see the proof ..LOOK HERE. You won't have to read much just look at the graphs to get the picture....If you vote republican and you work for wages you are a fool...
SO YOUR CONSIDERING VOTING FOR A MORMON FOR PRESIDENT
I lived in Mormon country for 6 years and it was the only time in my 75 years that I was discriminated on because of my religion.. I have none which even makes it more interesting...I was interviewing for a copier repair job , the interview was conducted by a brother sub sailor and at the end he simply said Bob I can't give you the job because your not a Mormon and the route is 80% Mormon . I interviewed for job selling Fords (yeah I was getting desperate) the dude's eyes were lighting up when we reviewed my qualifications.. The last question was are you a Mormon.. My no answers turned off the lights in his eyes..
Now to be fair I lived in a highly Mormon community for 6 years and was treated with respect and had no problem.. My boss was a big Mormon but I never had a missionary come to my house..So I will not use his faith not to vote for him (there are a million reasons already in my list) It would serve you well to look at this film titled "A MORMON CANDIDATE"
Now to be fair I lived in a highly Mormon community for 6 years and was treated with respect and had no problem.. My boss was a big Mormon but I never had a missionary come to my house..So I will not use his faith not to vote for him (there are a million reasons already in my list) It would serve you well to look at this film titled "A MORMON CANDIDATE"
Monday, September 3, 2012
SENIORS "WISE THE FUCK UP"
If the polling is correct and I don't really know that it is but seniors are amongst the few backing Romney over Obama. Every senior in the country rides Medicare and is absolutely satisfied with the coverage..For $100 we get the coverage that 16K on the outside.. And with Obmacare it closes the doughnut hole. Medicare Advantage the half assed private Medicare plan ends up costing more money than Medicare and has a lot more restrictions of who you can see and what is covered.. and the icing on the cake is that it costs more money than traditional Medicare.
I have been saying this for months and yet a majority of seniors are saying they are for Romney .. Paul Krugman shows you why you are nuts.
And they would kill Medicaid plain and simple . It is the only recourse that some have and it is not that great ..Most doctors will not take Medicaid out of a desire to stay in business..Medicaid pays about 10% of what Medicare pays so the doctors say they can't work for that.. we are talking a $10 payment compared to $100 paid by Medicare.
When the true answer to health care and to solving the deficit problem is Medicare for all which according to the CBO would bring the annual deficit problem to 0.
So go ahead seniors "Make Your Day" and gonna be seniors too. Vote for Romney and may you rot in hell for your stupidity.
I have been saying this for months and yet a majority of seniors are saying they are for Romney .. Paul Krugman shows you why you are nuts.
And they would kill Medicaid plain and simple . It is the only recourse that some have and it is not that great ..Most doctors will not take Medicaid out of a desire to stay in business..Medicaid pays about 10% of what Medicare pays so the doctors say they can't work for that.. we are talking a $10 payment compared to $100 paid by Medicare.
When the true answer to health care and to solving the deficit problem is Medicare for all which according to the CBO would bring the annual deficit problem to 0.
So go ahead seniors "Make Your Day" and gonna be seniors too. Vote for Romney and may you rot in hell for your stupidity.
THE LOST DECADE OF THE MIDDLE CLASS
An outstanding report by the Pew outfit lays out the details of the fate of the middle class ..I believe it's more like a 40 year plan to bring destruction of the Middle Class to be. A goal of the republican since the late 30's. Well they are well on there way to success and with a Romney/Ryan ticket they will be successful ..
A more complete look at what they have created is shown by four simple graphs
in an earlier post by the Tiger. The four graphs without many words give you a picture of 40 years of decline. A bleak one I might add.
To make it clear some of this was done by both major parties so it's up to usthe vote in folks who will ignore taking the bribes from corporations and do our bidding..It probably won't happen this time aroud and it won't happen in a two party system. It will take a new vibrant 3rd party movement to make the change.
The Tea Party showed how to do it.. So it can be done..This time the only choice you have to survive for awhile is a vote for Obama.. Don't think you can show your displeasure with a vote for any third party candidate .
A more complete look at what they have created is shown by four simple graphs
in an earlier post by the Tiger. The four graphs without many words give you a picture of 40 years of decline. A bleak one I might add.
To make it clear some of this was done by both major parties so it's up to usthe vote in folks who will ignore taking the bribes from corporations and do our bidding..It probably won't happen this time aroud and it won't happen in a two party system. It will take a new vibrant 3rd party movement to make the change.
The Tea Party showed how to do it.. So it can be done..This time the only choice you have to survive for awhile is a vote for Obama.. Don't think you can show your displeasure with a vote for any third party candidate .
THE "YOUR GRANNY WILL MOVE IN WITH YOU ACT"
No it's not an actual bill but you can make it one with a vote this November..
If this Nation is dumb enough to vote Romney/Ryan into office they will cut the Medicaid program.. While most republicans look at Medicaid as a hand out to the poor the dumb bastards don't understand their Grandma's,Grandpa's , and their own rotten selves stay in long term care will be paid by Medicaid.. No Medicaid no long term care.. Even the filthy rich will use the program, because by that time they have hidden all their assets to qualify for the program.
So go ahead you dumb bastard, pull the lever for a republican and start building that spare room, or perhaps but bunk beds for you and your wife.
If this Nation is dumb enough to vote Romney/Ryan into office they will cut the Medicaid program.. While most republicans look at Medicaid as a hand out to the poor the dumb bastards don't understand their Grandma's,Grandpa's , and their own rotten selves stay in long term care will be paid by Medicaid.. No Medicaid no long term care.. Even the filthy rich will use the program, because by that time they have hidden all their assets to qualify for the program.
So go ahead you dumb bastard, pull the lever for a republican and start building that spare room, or perhaps but bunk beds for you and your wife.
Sunday, September 2, 2012
OBAMA-THE GOOD -THE BAD-THE UGLY
This list of Obama campaign promises outlines why his 08 supporters are not as enthusiastic this time around. Myself included , I do realize that with virtually no republican support from the very beginning he still managed to get some things done...
I am afraid that in his second term the results will be about the same. Unless as I think events of the time will bring about more success in some areas.. The republicans may not be so unified in defeating everything he brings forward as 2016 is a start over for both parties as Biden will probably not be a candidate.
I think we have seen the beginning roster for 16 on the republican side with the speakers at the republican convention.. Christie, Rubio, Walker, and perhaps Ryan as well.. If you consider economic times will even be worse than now I doubt that there will be much more call of running an austerity program which all mentioned would promote..
The fact that in the republican primary the only sane guy on stage was Huntsman and he got zero traction shows you what to expect from here.
Here's a few more lists from Polito
The Obama meter
The Medicare meter
Politician promises both sides
I am afraid that in his second term the results will be about the same. Unless as I think events of the time will bring about more success in some areas.. The republicans may not be so unified in defeating everything he brings forward as 2016 is a start over for both parties as Biden will probably not be a candidate.
I think we have seen the beginning roster for 16 on the republican side with the speakers at the republican convention.. Christie, Rubio, Walker, and perhaps Ryan as well.. If you consider economic times will even be worse than now I doubt that there will be much more call of running an austerity program which all mentioned would promote..
The fact that in the republican primary the only sane guy on stage was Huntsman and he got zero traction shows you what to expect from here.
Here's a few more lists from Polito
The Obama meter
The Medicare meter
Politician promises both sides
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