Obama will be a one term president.

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ker Play Ball 3/19/2009 5:07:00 PM

"It's like were rewarding incompetence." B Franks

Tell me about it.

Then take a look at the generic ballot. link

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I have an idea. If you don't like the pay that AIG finachel products traders get paid, start your own company. Sell better products for less money. Take all their market share and pay yourself much less. It should be easy. I'm serious. They were price gouging.

It may be that the whole operation was a con game.

Finachel products were understandable for a wile. At first people would find each other in personal ads and then bet on stock prices or interest rates. Then brokers who might have thought they were getting cheated out of commissions set up casinos for betting on such things. They organized the games and took a commission. Brokers liked the money and got more people into the game. Then they crossed an important line. If they couldn't get some one to take one side of a bet they would take it themselves. Extreme conflict of interest like letting the ref's bet on basket ball games. To keep the marks from figuring out very high the commissions were the brokers made the bets more and more complex. At lest they kept changing the names on the same old inverse floaters. link Every thing was very proprietary. Making it harder to understand helped them keep commissions higher. (They also took the show on the road to developing country for the same reason.) Gifts to the agents who bought the products with their companys money helped too. Those gifts ranged from Bulls tickets to sacks of cash. What happens in Vegas happens every where. Lots of companys who should have been tending their knitting (focusing on core competency) just took the share holders money to the derivative casino. There were more people who were willing to buy products than there were good products to buy. This lead to funny things. Much more money could change hands betting on the price of oil than in the selling of real oil. Companys made more money betting on the Yen than they made selling their product. People started w righting mortgages to bundle and sell to hungry buyers that they would never wright if they were going to hold them. People were buying insurance policys on stocks they did not own. Todays toxic or troubled asset was yesterdays big commission.

You can prosecute on laws that existed before the crime. Making actions criminal after the fact destroy process of law. One angle is to challenge the appropriateness of the instrument for the clients they were sold too. This could demonstrate a failure to fulfill fudiary responsibility. Problem is that that would be government protecting rich costumers/buyers from rich sellers. Sorting out the mistreatment of some rich people buy some other rich people doesn't angry up the public blood like cursing some rich people to hell for being rich. It's more fun to just demand ritual suicide and toss the bodys on the bon fires of our vanitys.

Oh the storys these traders will have to tell once they have nothing left to lose. That might be motive for throwing AIG traders one last money party.

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If corporations are so evil, why dose the government own so many?

Beginning with Fanny and Freddy.

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"If we are keeping focused on all the fundamentally sound aspects of our economy, all the out standing companys, workers, all the innovation and dynamism then were going to get through this and I'm very confident about that." so says Obama, now. Who was out of touch? What this really tells us is that Obama knows that he bought the economy and it's his now. You buy it you brake it. So, now he stops mocking McCain for saying the same damb thing. Obama was wrong for not saying this on the campaign trail and now he is wrong for not facing what actions he needs to take to grow that dynamism rather than drain it.

A $552.02 one time gift from the government to each small business is a smoke screen that allows Obama to pretend he had a balanced plan. (While he is pretending that he had a plan he might as well pretend it was balanced.) As after thoughts go it's far more after and far less thought. This isn't robing Petter to pay Paul. It's taxing you to give you back a small cut of your own taxes. If they hide the taxes by embedding them in the cost of products or taking them out of payroll before you touch the money they can pretend that government gives you more than it takes away. (Government can give value for tax money some times. The Center for Disease Control aggregates lots of peoples money and provides a life saving service that no one could buy on their own. Rebate checks are the worst example of government giving back less value than it takes. Creating m

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ker GE TV 3/20/2009 5:53:22 PM

Obama did great with Jay.

He admited that the ressesion will be brought to an end as consumers respond to pent up demand. I'd like to hear more of that. He did understate the severety of the early 80's ressesion.

I like the informative Obama.

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Pelosi won a tactical and retorical victory. Some Republicans voted for taxes and others voted for AIG. Eather way she wins.

But... she is straining a gnat and swallowing a camel. The moeny taxed back is small beans compaired to the moeny spent. It's like I eat at an expencive club on your credit card and then say I made you some moeny by leaving a small tip.

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ker Squandering the 6th. 3/23/2009 5:15:27 PM

"He could have shoot himself, the sacrifice of the galent solgers of the 6th army is rendered worthless by the cowardes of this spinless general, I will never promote another Field Marshal in this war." Hitler of Paulus

http://home.planet.nl/~wijer03... Paulus pic

Their are too many things wrong with this statement to list. If had fofilled Hitlers will by suiside it would not have made the squandering of the powerful 6th army any less of a waste. Had Paulus killed himself maintaining the lie that Paulus was the incompetant might have been easyer. In truth each of the major decisions leading to the distrution of the 6th came from the mind of Hitler. The premature atack on Stalingrad, sending the tanks into the city, repeating no retreat orders when the Russians should have been left alone with their ruble, disregarding photo reconosance of a building counter attack and pretending the 6th could be supplyed by air in winter were forced on Paulus. In some cases over restrained objections.

Stalingrade was a problem for the Luftwafa and not Paulus. After the Soviet oil feilds were in German hands, winter had past and Germans were oporating on both sides of the river different plans could be made. http://users.telenet.be/stalin... maps

Why do I mention this under the Obama is a One Term Presedent heading?

I wish I was just explaining to Ted Kenedy and his ilk what a broken army really is. Why let historical reality get in the way of a compelling speach? Kenedy said the U.S. Army was in a "cauldron". The term evokes images of Stalingrade after the 6th is surounded and has eaten their last hourse.

I am talking about Grasslys http://www.sentinelsource.com/... remark.

?But I would suggest the first thing that would make me feel a little bit better toward them if they?d follow the Japanese example and come before the American people and take that deep bow and say, I?m sorry, and then either do one of two things: resign or go commit suicide." Grassly (R) Iowa

Grassly didn't really want anyone to die. He better hope no one dose. He had a lot of elected officials compeating with him to make the most press worthy slam at AIG.

The real problem with the coment is that it pretends that the problem was caused by some trader rather than by the congress.

A book tour audance asks the speaker, "In our system the most ruthless and mean people get to the top and then they get to wright the rules to make the system work even better for them. Can't we do something, like with tax policy to change that?" The speaker agreed and called for an end to the teaching of ecconomics because it is sociopathic.

The answer to the man question is yes and yes. People who want to abuse power tend to prosue it. The right tax code could restrain them a little bit.

But the one asking the question did not understand what he was really asking for. The abusers of power are the one righting the tax code. They get ellected. The tax code that limets their abuse is a tax code that leaves more moeny in private hands. Punitive taxes that prevent private sector people from amassing power dramaticly increase the power of the elected. They can sell loop holes, their critics can't communicate as well and their "gifts" to the people look much bigger by comparison. All this is like saying that the rider looks more powerful and incontrol when the hourse is slowly bleeding to death. Hobbling the private sector to increase the power of the public sector works in comparitive terms but not in absolute terms.

So the calls from the ellected to restrain the power of the traders sounds hollow to me. Like Hitler calling Paulus incompetent. Where was this desire to protect the taxpayers when they repealed Glass-Steagall in 87.

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ker German Suicide 3/28/2009 4:33:51 PM

In the future their will be no Germans. They arn't making any more, eather by birth or imagration/nationalization. Imagrants come in but don't become German. The German faimly tree is a pyrimid that ends in a point. Replacement rate is 2.1 births per woman. Germans running at 1.1. That number may be inflated by imagrants get cpunted as German but are culturaly something else.

America, anation of imagrants many of which are German, naturalizes imagrants much more effectivly. Amarica can become darker complected and remain America. Germany is past the last point of return. No one has recovered from 1.1.

I am proud the U.S. contribution to making Germany a stable honest peace with all it's nabors. I like to think it was permanant. Give it 20 or 30 years and we need to take another look.

History. You think you stick a big stake in it's heart and it keeps comming back to life.

Some one tell Obama that for me.

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ker 4/1/2009 11:17:26 AM

I have been unhappy that the most educated and healthy Americans can hang in school until 25 (w/ goverment loans better directed to the guy pumping gas at 18) then do 40 year in the work force before retiring at 65 and dying at 105. Thats one year in the work force for each year of goverment retirement bennys. Democracy must develop impulse control.

Now, I hear that Germans who pay attention can school until 34 and early retire at 42. Germans say they have stimulious in social spending and don't need to burdon share w/ America. No ecconomic idea survives contact with goverment. Stimulious isn't stimulious if you have been doing it year in and year out any way. Courproutism, keyenesianism and state interventiionism warp the mind and lead to bad decisions. Governing under the influence if you will.

I once thought that America would midigate our dole when we saw how it broke Germany and Japan to maintain theirs. We would be behind then and see them crash and we would then slow down spending on happy payments to voters. Not sure now?

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First they came for the "wealthy industrialist" but I wasn't a "wealthy industrialist." Then........

Remember if the U.S. makes a wipping boy of a hand full of coruprote leader the fassion will get magnified down the line. The "common world" or old "third world" will see the private sector looted more than ours under the cover of imitating America. World poverty redution is going back in the ice box of goverment concern for stability. Stability is code for the rich in goverment making it imposibe to be rich out of goverment. Monopoly, state imposed, is good for monopoly and [explicitive] for every one else.

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This is like Al Capone opening a program to punish guys who beat their wives. Wife beating is bad but should some one mention that linning guys up against the wall and tommygunning them is maybe a bit worce. Corprote corution is bad. Using the cover of fighting courprote corution to force corporations to serve public corution is worce, maybe.

Obama has a once in a lifetime chance to shrink the political class is oposition to the intention and content of the Constitution. Rich poeple who see that the goverment can force them out of power will think twice before "petitioning the goverment for redress of grevience." More importantly they will use their power to stop their employes from doing the same. Sure you can protest all you want as long as the party writes the talking points for the rally. Just like voting for Sadom. Every Iraqi had the right to do it. Voting against him was a different matter.

Chilling effect on free speach. You heard it here first.

When the DNC calls for next years corprote donations there will be a different feel to the phone conversation. A tail wind.

The RNC might feel a head wind.

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D Hannan

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Germany dosn't want to come to the inflation party. That makes it hard for Obama to get away with it. If G20 all inflate in unicion it steal from savers to pay goverments and debters with out chaning exchange rates. Nice try.

The master told his steward to settel accounts because his services were no longer needed. The steward said what will I do. I can't go dig for wages. The steward went to all the debters and told them to under report their debtes (6 units of oil were reported as 4 units) so that later the steward could go live with the ones he had profited. The master said well done.

Thats inflation. Write the notes down and steal from the holders.

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ker South Park 4/2/2009 4:01:29 PM

Dude, you have got to whatch this.

South Park, Margaritaville Episode 354

Full episode dosn't stream untill 4.25.09. http://www.southparkstudios.co...

Steal some ones DVR you need to see it.

Bits of the show but not the kicker ending. http://www.southparkstudios.co...

Just dead on.

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Dodds "favor" to AIG is conectable to AIG employee donations to Dodd. When the Dems cut W's throat they ritualy transfered all their sins into him. So what ever the Dem congrass did is W's fault. To keep that lie viable they need to use it a lot less.

Dodd could get a primary challenge from the left.

Like father like son. He could be removed from the club by the Dems to try to isolate the damage. That would also remove him from the primary and make it less bloody.

Funny, FOX says AIG finacheal produce section headed in Dodd State wile NPR says it was headed in Briton. Spin.

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This will really help fill those empty slots at Treasuary. They are going to start offering plea deals where they drop a ten year sentence if you agree to work two years at Treasuary. Trades intentionaly keep the vocabulary and other basics of their craft obscure to reduce competition and keep fees and compensation high. Treasuary need people who already know because no one want to teach them Treasuary how to put them in jail. With a tax cheat at the top it would be worce but their is no one at the top. Any way AIG probibly told Ever office that they were the head quarters.

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ker 4/3/2009 10:56:15 AM

How did we ever get out of a ressesion be fore we had Obama? Not to pretend that I know all the history but lets say their are multipal options. Obama picks a path out not because it is the only way but because it serves other agendas of his as well.

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John Kerry would have gotten the French to Stimulate!

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Redistribution of wealth can be done through the cost of living index which is part of the formula for goverment and union payments. It is belived to overestemate inflation. It is also belived to promote inflation. Inflation will ditribute income away from people working independent from the goverment (small busness) and towards people in patronage relationships with the goverment (unions and entitalment recipants). Not a bad plan to get re-elected. Take $ from the people who vote for the other guy buy raising the prices they pay for every thing. Give moeny to people who vote for you by raising the size of their goverment check (on atomatic accounting so you can say you didn't do it).

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The idea that spending is going up in stimulative ways dosn't work. The big increases in athorised Fed goverment spending is not much biger than the decrease in combined State goverment spending. The Fed spending comes on line, all shovel ready retoric aside, slower than State spending cuts. In real dollor terms it's just mitigating damage.

Stimuliouse = placibo. (Unless you have other agendas.)

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Cap and Trade is a farce. If you want to cut emmisions just tax fuels when they come out of the ground. Period end of story. If you want to send moeny to Al Gores carbon credit company, then you make a big complex system.

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ker 4/6/2009 6:06:27 PM

http://www.nytimes.com/2008/10... NY Times October 08

http://www.npr.org/templates/s... NPR April 1, 2009

The Justice Department on Wednesday asked a federal judge to drop all charges against former Sen. Ted Stevens of Alaska.

Two vile lies are being floted around this story. First, that the Justice department is having merry on an old man. Senior Justice people got caught violating their oaths flegrantly and repeatedly. Holder and the guy who got handed the seat by prosecutoraial abuse pretend justice was served by removing Stevenson and puting an old man in jail isn't nessary. Procecuters belong in jail. Second, the press pretends that Bush admin. people were over prosecuting. These were "independent career" people.

"How can I be sure there is any integety in the Public Integrety Section." Judge

Stevenson should sue for six years pay he lost due to this mistrial.

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ker 4/6/2009 6:31:13 PM

Obama wants to end the boom and bust cycal with stable double diget unemploment. Just like his German friends. The important numbers to look over is the ratio of moeny Americans get for none political work in the private sector against the moeny they get for political reasons from the goverment. Very importtant. The other numbers are the % of GDP the goverment taxes and the % of GDP the goverment spends. The more the goverment dominates the micro ecconomy of each person and the more goverment dominates the macro ecconomy the harder it is to have open political decent.

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Insert Blogo joke here.

Dodd wanted a new story to push him back down the hit parrade. Blogo wasn't his first pick. Giving the press and the TEA party folk a primer on how corution works isn't compatable with the Dodd media plan.

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Not a good last week for plan Obama.

Cap and Trade or Cap and Tax will not be in reconciliation. It will need sixty votes. They ain't there.

Health care funding was counting on Cap and Tax income and the end of tax dedutions for charitable donations. Nearther is in the cards any more. At first I thought the end of dedutions was just a diversionairy atack on the religious right to distract them from card check or some such thing. Now sources are saying that Obama was counting on the moeny. NGO's like them some moeny.

The war on the ecconomy may be over by Chrismass. The center left know they need to step away from Obama at times to save him from himself.

If you don't do it in your first year you don't do it. Do you belive that?

China is becoming a more active loan manager. Before we dictated terms to our investers. Now, the investers are asserting different conditions and if we talk back we won't find replacement investors. See Britons latest attempts to sell paper.

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Bankrupcy judges are a lot more politicaly independent that ......Obama. If he is the one determining who gets payed what that give him a vast pot of political blessings and curses to sell. Campaine finance reform my aunt fanny.

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ker Drownding Pool 4/10/2009 5:06:34 PM

In conection with the Obama buget I am hearing all the commen, resisting evil makes it stronger, arguments.

A slightly different line is, "Bath tub drowndings kill more Americans than terorism but we spend much much more responding to terorism there fore we are so dumb."

I'll make the ovious points. We all morn the loss when grandma drownds in the tub. We don't fear the ecconomy will be knocked off the tracks by a bath room mishap. We don't fore see a magor undermining of goverment ligetamacy if it fails to prevent them eather. No "Right Wing Death Squades" will form to counter the teroism that the goverment redefines as an acetable nuasaunce. Bath tubs will not shut down large industrys like airlines or stock market or utilitys or.....

Teroism unlike bath tubs can grow in power. Each success and many failures move it on up the power cruve towards being a larger problem. If a fire is burning in a dry wood around your house don't wait untill you can prove damage to the house to respond. Don't wonder if the fire is big enough yet to wory about. Teroists are not attacking to kill people. The people are just props to suport another objective. Teror attacks are steping stones towards some other form of attack.

Americans are not the only people we stop teroists from killing. So the proper number of deaths for the comparison is much larger than than the number of dead Americans.

If you want to make this point to a libral tell them that smoking pot causes more lung cancer deaths that the number of deaths from hate crimes. Then tell them terorism is a hate crime. Then see if they are able to keep their head above watter with out assistance.

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