Pelosi and Reid sharing a room?

Damage control is without question the top industry to be in these days.As events continue to unfold that are unfavorable to the power grabs of our leaders,they must attempt to deflect your attention elsewhere.

As per usual,this information is available ahead of time for those that seek it.The climate change e-mail scandal?Merely a validation that junk science is behind global warming as has been exposed for years.But only if you looked for it.Darn,sure makes this story I'm reading in the National Geographic about it kind of irrelevant.

Nowadays even Obama speaks of the coming double dip recession matter of factly.The story of Dubai possibly defaulting on it's debt obligations sent a "shudder" thru the global financial markets.Why?Have they been only reading the Bernanke Green Shoots Times?Again,the info on the core issues that are unresolved,and in fact covered up,behind the global economic meltdown is out there and predicted.But only if you want it.

Why,even the the QE2 might be for sale by the Emirate to pay on it's debt.I say the U.S. should snap that baby up and let's put the 111th version of Congress on board for a holiday cruise.However,they can't return to port until they change course,politically speaking.Doesn't the thought of Pelosi and Reid sharing a stateroom curl your toes?

The FHA is now aligning itself for a bailout due to it's fiscally irresponsible lending practices.I suppose no one will have seen this coming either.And you could go on and on with these things that we can see right now today,but you'll hear different.

On a local note,people are disgusted with Comcast for raising rates to cover the cost of the digital conversion.People return equipment and blame them based on principle.However,have we forgotten that the only reason for this is Government intervention?It was the Federal Government that mandated the changeover to digital,not the cable companies.Why should Comcast eat it?As with the cost of all Government regulations,these costs are passed on to the consumer as an indirect tax.

So,it's business as usual.We must be ever vigilant in reading between the lines and filtering thru the spin generated by our politicians.Do your research.The info is available for the upcoming global meltdown.The real one this time as last years was just a warm-up.More to come...

What's $98 billion?

It seems the GDP growth wasn't quite so robust as originally touted down to 2.8% from 3.5%.As I scan around the media this is mostly advertised as just a tad lower than the original estimate.

Ummmm hello,we have a $14 trillion dollar economy so a .7% decrease is nearly a $100 billion dollar shift.That is the cavalier attitude with which Washington throws around our tax dollars,however.

Very similar I'm sure to the defense the WH will use with the climate change scandal.Isolate it to just a few fringe scientists with no real impact on the bigger picture.Certainly they won't just lay down now.More to come...

U.S. National Debt Clock : Real Time

Need a slap in the face wake-up call to get moving?This should do the trick!

U.S. National Debt Clock : Real Time

End of the planet rescheduled?

Did I misunderstand?Gordon Brown declared we only had 50 days to save the planet at the Copenhagen climate change conference next month.2009,2010,what's the difference?

http://af.reuters.com/article/worldNews/idAFTRE5AE0FP20091115

Who would thought that political timing is what is driving global warming as opposed to actual science?So it looks like the Bonn conference next summer will become the new deadline to save the planet.The U.S. takes the blame for gumming up the works.Obviously,the Obama agenda issues here at home are not going quite as planned.I hear the talk about trading $1 trillion in military hardware to write down some of our China debt.Perhaps the China angle is the real factor here as well because they have been the real issue in getting all the major players to agree on emmissions reductions levels.More to come...

Michigan's lost decade

A very revealing chart,courtesy of the fine folks at Mackinac.org.,which shows the results of the Granholm era.Lots of grandious annoucements and job promises and awards,yet providing dismal results.More to come...

Derivatives market soaring again!

The global OTC (over the counter) derivatives market is up 10% in the last 6 months to a mind numbing $605 trillion dollars.Wow!That's a number that even the Obama wealth redistribution team would have a hard time spending.Thats's roughly $90,000 for every person on the planet just in this trading market.Of course,this is mostly funny money thanks to our fractional reserve banking friends at the B.I.S. (Bank for International Settlements which is the central bank for global central banks).

This includes some of our favorite players in the economic collapse of last year like credit default swaps and various other hedge funds.Is is any wonder where most of the mystery money the Fed has been lending out is going?The main players here are commercial banks,investment banks,hedge funds and GSE's (government sponsored enterprises i.e.-Freddie mac and Fannie Mae).

We don't know how much or to whom the money goes to when it's snuck out the back door of the Fed and I really don't see Bernanke coming clean.Barney Frank has already indicated he will water down the Ron Paul bill to audit the Fed.We'll hear tough talk from Chris Dodd and Barney Frank about moving oversight and regulatory authority away from the Fed and to a new government agency.Gee,anyone see a potential problem here?More to come...

Pay $$$ or pay with hardtime

Purchase healthcare insurance or face fines and/or imprisonment up to 5 years.This is the Obama/Pelosi view of fairness.Let's take a look.If I choose to not comply,I will be punished regardless of whether or not I ever require medical care and impose a burden on the rest of society.This is fair?

Obama is making the claim that each American families insurance premiums are increased an average of $1,000 annually due to the cost of covering care for uninsured Americans.He has since modified this to state that the $1,000 includes insurance premiums,taxes and other related costs.

He is using numbers provided by Families USA which is a lobbyist group.They state the number is actually $1,017 per family,although this is highly disputed.For the sake of argument,we'll go along with this.

I did a quick check of FBI statistics and found a study from 1992.Yes,it's almost 20 years old,so it's safe to assume these numbers are quite low.They found that the unreimbursed cost of a crime to victims was an average of $524.

So,don't buy healthcare insurance and you will be fined and potentially imprisoned regardless of whether or not you ever require care.However,commit a violent crime and based on 2004 estimates,you face approx. 5 years in state prison.Based on the sentencing,we can equate the crime of not purchasing healthcare insurance to that of a violent crime.And I'll bet if you locate updated numbers on crime costs,you would find that victims of crime also face a financial hit of roughly the same cost as the Families USA report.

The point being there is no legislation in place to reimburse victims of crimes financially so why is the healthcare issue such a travesty?Isn't it the actions of the criminal that the rest of society is paying for?Look at something as simple as the ice fishermen who require rescue each spring from the thin ice.They never should have been out there,yet they get rescued free of charge.

Society must pay to maintain these rescue crews.No doubt,you could come up with many comparable scenarios where everyone pays the cost of the negligence of the few,and nothing is being done about it.Yet,Pelosi and Obama want criminal treatment without knowing if you would ever impose a burden or not.Hypocrisy 101.More to come...