Archive for June, 2009

Palin as seen through the eyes of McCain staffers

Tuesday, June 30th, 2009

The McCain people don’t have much love for her.  Story is here

REAL scientists visit the Creation Museum

Tuesday, June 30th, 2009

Sounds like a trip that was pretty fun!  Story is here

Another look through a layman’s eyes at the Creation Museum.  Story is here

6000 year old Earth? It came from 1 guy.  Story is here

How can Ramtha be 8000 years old when the Earth is 6000 years old?  Story is here

A photo of a documentary on the topics.  Photo is here

Actual un-retouched photo of back then.  Photo is here

I love their history books.  Photo is here

60 percent of personal bankruptcies due to health case costs

Saturday, June 27th, 2009

The number just went up again.  Story is here

When elderly have to choose between their drugs and food…there is a problem with our thought process of how we see people and how we see profits.
When people buy their prescriptions and cut pills in half hoping to make them last longer…there is a problem with how we see people and how we see profits.
When people lose their jobs and then cannot afford health care…there is a problem with how we see people and how we see profits.
When people go bankrupt from health care costs when they are already covered by insurance…there is a problem with how we see people and how we see profits.
When the rest of the world sees the above problems happening in the USA and they cannot grasp those issue concepts because they have never heard of that happening before in their country…there is a problem with us.
These issues are not issues anywhere else.  Only here in the USA. And as the report you posted for national leaders yes this is the place to come.  However for the people who live here 1/2 of which make $50,000 or less and 90% make $100,000 or less…this is the worst place to be sick.
There is a problem when we put profits above people…which we have done for decades.

IS a dollar worth more than a person?

The healthcare crisis in the USA is 100 years old

Friday, June 26th, 2009

And it has been beaten down by big money ever since.  Story is here

Several places where the USA is not #1

Friday, June 26th, 2009

An overall article from 2007…so 2006…showing how the US is doing when compared to the world.  Story is here

This chart says a lot about our health care system.  Chart is here

This chart adds to the story in seeing the result of the chart from above. Story is here

Infant mortality rate.  Story is here

Quality of life has us not at the top.  Story is here

The bottom line is…are you satisfied with life?  Story is here

How happy are you?  Story is here

Are we perceived as a corrupt nation.  Story is here

Do we have a Free Press? Story is here

Battery Technology

Wind Technology

Manufacturing output

Saudi family financially backed Al Quaeda

Wednesday, June 24th, 2009

This is no shocker since the family ruling Saudi Arabia is not well liked in Saudi Arabia.  Basically they keep their thumb on the powderkeg of a nation of theirs through the nutty religious Wahabbi extremists being terrorists to their own people.  And to think that they supply money to Al Quaeda simply goes along with the story that they are willing to do anything to their people to keep the power and money for themselves.  Story is here

Obama daily poll results

Monday, June 22nd, 2009

Gallup is doing daily Obama polls and the results are here

TV Whitespace maps

Monday, June 22nd, 2009

TV Whitespace is the area in which there is no TV station broadcasting.  However the converse of that is also true when looking at a whitespace map in that you will see the coverage map of a facility.

You can pull up a map of the nation/region and one by one add channels to the map showing where the whitespace is in a geographic area.  The thought for whitespace these days is to use it for land mobile or wireless internet services.  I just like looking at coverage maps.

The Catholic Church knows how to say “I was wrong”.

Monday, June 22nd, 2009

But it only took 359 years. This date in history...story is here

In 1633, the Inquisition of the Roman Catholic Church forced Galileo Galilei, one of the founders of modern science, to recant his theory that the Earth moves around the Sun. Under threat of torture, Galileo – seen (right) facing his inquisitors – recanted. But as he left the courtroom, he is said to have muttered, ‘all the same, it moves’.

Last week, 359 years later, the Church finally agreed. At a ceremony in Rome, before the Pontifical Academy of Sciences, Pope John Paul II officially declared that Galileo was right. The formal rehabilitation was based on the findings of a committee of the Academy the Pope set up in 1979, soon after taking office. The committee decided the Inquisition had acted in good faith, but was wrong. Story is here

How many guns are bought in the USA?

Sunday, June 21st, 2009

The quantity of guns that are bought in the USA by people…not military…is quite amazing.  What is being done with all of those guns?

Shepherd Smith is kind of not liked by FOX News viewers

Sunday, June 21st, 2009

Of colleagues like Mr. Beck, Bill O’Reilly and Sean Hannity, Mr. Smith said, “There’s a lot of money in opinion, and those guys are fascinating, terrific entertainers. This is a news organization. There can’t be a Fox News without news.”

NOTE TO SMITH- FOX News is also opinionated so therefore FOX News is not news.  Story is here

USA poverty and SUVs

Saturday, June 20th, 2009

Headshaking look at poverty and gas guzzling SUVs.  Story is here

Fareed Zakaria: Iran’s Theocratic ruler could have suffered a fatal blow

Saturday, June 20th, 2009

Not that the rulers of Iran are expected to be booted out soon but the public outrcy over the election despite the Grand Ayatollah’s assertions that the election was divinely guided could mean that the basis of power in Iran may have taken a massive step away from that of a God derived power but rather power as a result of the will of the masses.  Story is here

Ironic that the political view within the US has taken the polar opposite route of that of Iran.  So which society is evolving and which is de-volving?

Of course Zakaria’s show on CNN is just about one of the best news shows on TV in addition to DemocracyNOW! and Bill Maher and a couple more shows.

Myths about the right wing extremist terrorists in America

Saturday, June 20th, 2009

Story is here

This is terrorism we’re dealing with. We can’t afford to let ourselves be distracted by spin. It’s time to set the record straight with the facts.

Reagan- Bad President or one of THE WORST EVER

Saturday, June 20th, 2009

The best description of Reaganomics I ever heard was from critic R. Fiore, who said, “The idea is that if you give rich people enough money, they’ll be forced to hire some poor people to help them carry it around.”  Story is here

Another interesting look at the Reagan years is located here

Reagan- Good President or Bad President?

Let’s look at Mr. Reagan realistically. He was a dyslexic, community college graduate and B-List actor. He was a nominal governor of a very rich state. He had some common sense and was a typical WASP. He was a former “Dixiecrat” who switched and helped start the “NeoCon” movement. Anything with “neo” and “con” in it should send up smoke signals.

He was loved by the average dolt who had no grasp of reality as it is for the majority of Americans. Reaganomics was a resounding failure. If you want an idea of what Reagonomics looked like and led to, all you have to do is look at the Savings and Loans scandal of that era, the rising poverty during his reign and the huge unemployment numbers and compare and contrast it with the current domestic climate. The truth is in the pudding not the oratory, oh oblivious ones.

He was perfect for a country which relies on the superficial versus the deep. A country which for decades had been replete with calculated unfairness and narrow-mindedness as well as a lack of worldliness. A country that thought it was exclusive and not a part of the global community or even that all of its own citizens are equal; one which believed it was a privileged character and used selfishness and elitism as it’s creed.

As for the fall of Communism- most political scholars will tell you that Ronald Reagan, Lech Walesa and the “Solidarity Movement” in Poland, in conjunction with Pope John Paul II and the Russian Orthodox upbringing of Gorbachev led to the Soviet Union’s dismantling. The truth is it all came down to money. The USSR went bankrupt from the Arm’s Race, the War in Afghanistan and trying to hold together an empire whose component countries wanted independence.

What Reagan did was present agendas in a very palatable and dramatic form. Go figure. He was an actor after all! He could have been impeached for the Iran-Contra Affair, but his connections were much too powerful to allow that to happen. Just as we saw/see with the Bush’s, especially “W.” Feigning ignorance or naivete in order to avoid accountability is a common ploy of many scheisters and children.

The hostages were released the DAY AFTER his inauguration. It was not a coincidence or based on any “fear factor”. It was based on an arms for hostage deal brokered by “his people”. Anyone who understands history, the rule of evidence and simple deductive reasoning KNOWS this. It is not up for debate, no matter if some Light Colonel lied under oath or not. Get real. Don’t be an imbecile.

The fact that supposedly informed and intelligent adults allowed/allow it to happen speaks volumes about what kind of society has been engineered here.

Maybe Obama will be different and change the smoke and mirrors to a more transparent magic act. Don’t count on too much, but hope that the Greed Faction which has ruled for millenia will be flushed out and maybe Americans will become more savvy and knowledgeable about reality. Hope real hard! True moderation and fairness is the key.

Reagan was a below-average president. His ascendance to the throne led to the emergence of crack (as a consequence of the Iran-Contra Affair), widespread gang-banging as a means to distribute the cheap form of cocaine to the poor Black and Latino urban population (eventually to our suburbs), the unchecked machinations of private industry, the emergence of HIV/AIDS which he did little to prevent the spread of, a corrupt line of politicians remade in his image (which includes Bill Clinton) and an anemic economy.

He did bring pride back to our military and continued with top secret programs first started by Carter which further strengthened our military might. In an effort to keep up the Soviets ran out of rubles.

Those who pan Jimmy Carter are ignorant and biased. He had very little to no support from the Washington elite on passing important legislation. Many in the country wanted him to fail, just based on the fact that he was a “bleeding heart liberal”. His downfall began with the huge economic problems inherited from Nixon and Ford, mostly as a result of our involvement in S.E. Asia. An example was the oil shortage which led to huge gas lines and decreased public confidence in our government. He did broker the Camp David Accord and tried to rescue the hostages with an interservice attempt, but the military strategists were pitiful and an untimely sandstorm caused the aircraft to crash into one another. He didn’t plan squat, so how was it his fault?

So to put it bluntly, history defines Reagan as a very overrated and manipulated president. Some would say that his legacy is the devastation you see which became the current worldwide tsunami culminating in the financial crisis and the blatant ravaging of our country and it’s reputation.

Get real and stop with the starry-eyed accounts of the evil men do.

Journalism is not there just to do a spell check and print everything the news makers say.

Thursday, June 18th, 2009

One of the main jobs of the media is to tell people when the news maker is not telling the truth.  Otherwise the media becomes a megaphone and people have no context of what is being discussed as the news makers bend the truth to fit their needs.  Story is here

Why are your health care costs so high?

Thursday, June 18th, 2009

This is reason #1. OVERHEAD! Your FOR PROFIT HMO has 30% overhead.  The VA has 2% overhead.  This guy and non-health care costs of overhead suck up a lot of that overhead. Story is here

A review of being on OReilly by Salon Editor Joan Walsh

Thursday, June 18th, 2009

OF course the Producers of OReilly sandbagged her which is to be expected. The initial report on the episode is here

Story is here  with a postmorte.

FOX News complains about ABC getting pretty good access to Obama

Thursday, June 18th, 2009

But they apparently did not look in the mirror when Bush was in office.  Just laughable!  Video is here

And when FOX News reporters get ambushed they dont like it at all!

Thursday, June 18th, 2009

Gee, if you ambush people unloading groceries and going out to dinner don’t you think someone will do it back to you sometime soon?  Video is here.Actually the question should have been…considering the content of the memo why does FOX News hate America’s troops so much as to not mourn the loss of them all.  The follow up would have been…why do flags not fly at half staff for each soldier killed in a time of war in a war zone?

The guy ambushing Griff Jenkins…and that HAS to be a fake name…was talking about John Moody’s memo concerning the mourning of our troops in Iraq.  The memo is here.  More on John Moody and his memos linked here

From: John Moody
Date: 4/6/2004

The events in Iraq Tuesday are going to be the top story, unless and until something else (or worse) happens. Err on the side of doing too much Iraq rather than not enough. Do not fall into the easy trap of mourning the loss of US lives and asking out loud why are we there? The US is in Iraq to help a country brutalized for 30 years protect the gains made by Operation Iraqi Freedom and set it on the path to democracy. Some people in Iraq don’t want that to happen. That is why American GIs are dying. And what we should remind our viewers.

Roger Ebert skewers Bill OReilly

Wednesday, June 17th, 2009

Quite an amazing analysis of the way OReilly communicates his persuasive message.  Story is here

The difference between the hate speech of then and now

Monday, June 15th, 2009

Krugman describes it well. Story is here

If the election were held today would Obama be re-elected?

Saturday, June 13th, 2009

Oh yeah!  Story is here

8 years after 9/11 Cheney still milks 9/11 for all it is worth

Saturday, June 13th, 2009

Since he’s evoking his experience as a rationalization for torture, this might be a good time to review exactly what it was that Cheney was doing in the bunker on that terrible day. Here again, consistency is the rule: A preponderance of evidence points to the fact that Dick Cheney spent the morning of September 11, 2001, violating the Constitution of the United States.

Why should Cheney change his way of thinking about 9/11?  It was fear that got him elected and it is fear that will possibly get him things in the future.  That is the fear and need of a dominating ruler that people following Cheney need.  Here is more on how Cheney recently tried to instill fear again 8 years after 9/11

Capitalism has overtaken Democracy in our nation

Friday, June 12th, 2009

Robert Reich wrote a book called Supercapitalism.  That book outlines how our nation has changed.  Video is located here

Just HOW uninformed is Sarah Palin concerning a topic close to her heart?

Friday, June 12th, 2009

Just HOW uninformed is Sarah Palin concerning a topic close to her heart?

I mean there’s her ridiculous not knowing Africa was a continent…
her thinking Obama is STILL a secret Muslim
And countless other just headshaking things
However there is one thing that ties a few of her “beliefs” together to where the rubber meets the road.  These “beliefs” of hers all go hand in hand to show that she is just…a piece of work.  And her lack of being informed on the topics that could possibly one day bring a firsthand change for her family are just breathtaking.  I mean there is a level of research that people do when their relatives have issues…and doubly when a child has those issues….so what happened to her research on the topic?  EVERYONE knows this stuff.  Why is she so ill-informed?

Sarah Palin does not believe in Evolution.  Sarah Palin mocks the study of Fruit Flies.  The study of Fruit Flies is done in order to research human disease….because….Fruit Flies EVOLVE so quickly.  Amazingly ill informed considering her child has Down’s Syndrome.  How can someone be so ill informed concerning an issue facing their children?  Poor child.  She does have her problems with her condition but possibly the worst condition would be a parent that doesn’t understand that her power actually inhibits her child from progressing and possibly inhibits future children from  having this condition.

Reagan raised taxes AND raised the deficit

Friday, June 12th, 2009

Reagan raised taxes AND increased the deficit.  Story is here

Krugman has an excellent analysis of numbers, people and Reagan taxes here

A number of sites listing the ways Reagan raised taxes and increased the deficit listed here

Reagan’s first tax act in 1981, ERTA, reduced government revenues by approximately 3%. The next year the second tax act, TEFRA, was passed to raise some dough. It raied about half of what ERTA cost. Thereafter, just about every year, a new tax bill was passed incrementally raising taxes.

A sober review of Reagan’s presidency doesn’t yield the seamlessly conservative record being peddled today. Federal government expanded on his watch. The conservative desire to outlaw abortion was never seriously pursued. Reagan broke with the hardliners in his administration and compromised with the Soviets on arms control. His assault on entitlements never materialized; instead he saved Social Security in 1983. And he repeatedly ignored the fundamental conservative dogma that taxes should never be raised.

All of this has been airbrushed from the new literature of Reagan. But as any balanced account must make clear, Reagan acceded to political compromises as all presidents do once in office–and on many occasions did so willingly. In fact, however often unintentionally, many of his actions as president wound up facilitating liberal objectives. What this clamor of adulation is seeking to deny is that beyond his conservative legacy, Ronald Reagan has bequeathed a liberal one.  Story is here

Even the National Review back in 2003 said spending was way out of control with Bush so therefore as Reagan did he would need to raise taxes at some point however Bush never did.  Story is here

Sometimes reports from Washington DC are very ugly….but very true.

Thursday, June 11th, 2009

This commentary from David Limbaugh below was posted April 17, 2009.  The attack on the Holocaust Museum in Washington DC happened 6/10/09.  In retrospect this opinion piece is about as bad as it gets.  It was posted here  I am posting it in full as it may be quickly retracted considering events.  Sometimes reports from Washington DC are very ugly….but very true.

There has been a lot of outrage over the Department of Homeland Security’s leaked summary report on “Rightwing Extremism,” but by far its most odious aspects are its implications that military veterans are fertile targets for radical, violent groups and that right-wingers are inclined toward racism.

Information from this April 7 report was provided to law enforcement officials to help them prevent terrorist attacks against the United States.

The “Key Findings” are way light on objective facts but heavy on subjective opinion — opinion clearly colored by the worldviews and biases of those issuing the report. Right off the bat, DHS admits it “has no specific information that domestic rightwing terrorists are currently planning acts of violence, but rightwing extremists may be gaining new recruits by playing on their fears about several emergent issues. The economic downturn and election of the first African American president present unique drivers for rightwing radicalization and recruitment.”

There’s more. “The possible passage of new restrictions on firearms and the return of military veterans facing significant challenges reintegrating into their communities could lead to the potential emergence of terrorist groups or lone wolf extremists capable of carrying out violent attacks.”

At the risk of incurring the scrutiny of the DHS, I must say that these gratuitous sentences are outrageous. In the first place, I don’t know anyone playing on “fears about several emergent issues” more than the current administration, of which the DHS is a part. Even when President Barack Obama is delivering a speech on the economy purportedly geared toward reassuring Americans that things will be all right, he has to stoke their fears and anxieties about other financial shoes he expects to drop in the near future. He and his aides are the ones who have signaled they have something to gain from keeping the public in crisis mode, that “something” being the opportunity to make foundational changes to our economy and the relationship between government and the private sector.

I know I’m naive, but the only violent right-wing extremist groups I’ve ever seen are those played in Hollywood by uninformed, whacked-out leftist actors. I’ve always wondered where all these Hitler throwbacks live. I’ve also never seen any of their recruiting signs posted at the local supermarket trolling for right-wing nut jobs prone to “Clockwork Orange” ultra-violence.

Can you imagine a pamphlet stuck under your windshield wiper as you return to your car after shopping because your subservient stay-at-home wife didn’t do her biblical duty of attending to the grocery purchases that week? “Attention Fellow Fascists: Seeking Scripture-Reading, Bitterclinging Recruits to commiserate together the economic downturn and then act on it.”

How convenient for this report to admit it has no specific information about plans for acts of violence by right-wing groups but then to go on to imply it’s only a matter of time. It’s kind of like those stubborn media reports decrying black-voter suppression in Florida in 2000, though the Commission on Civil Rights could never find any actual evidence to support its charge.

How dare these people issue such inflammatory garbage? How dare they say that the election of the first African-American president is a “unique driver” for radicalization and recruitment? I know it serves the political cause of the left to continue to divide the races, but this is a government-issued document we’re talking about here that was designed to guide the approach to homeland security and law enforcement.

I don’t care that this was only intended to be an internal report. This has to be affecting the thinking, direction and actions of those responsible for keeping this nation safe from true terrorist threats. This report seeks to poison the minds of agents to make them believe that returning veterans warrant greater scrutiny and that conservatives are prone to bigotry.

How dare they slander military veterans by suggesting they are more prone than the average citizen to criminal, seditious and violent activity? As The Washington Times’ editors note: “A 2000 Justice Department study found that ‘veterans were incarcerated at less than half the rate of adult male nonveterans.’ Veterans are more likely to be peace officers.”

Adding insult to injury, Homeland Security Secretary Janet Napolitano was all over TV depicting conservatives as Timothy McVeigh clones. Then she issued a disingenuous statement, that “we do not — nor will we ever — monitor ideology or political beliefs.”

Well, Secretary Napolitano, you sure could have fooled me — and anyone else who can read for himself. You (or someone in your charge) are not only monitoring the ideologies and political beliefs of conservatives but also poisoning law enforcement agents with a bias against them and suggesting their beliefs lead to violence against the government. Shame on you.

Hate groups are everywhere in the USA

Thursday, June 11th, 2009

Map of where the hate groups live located at this site

Most bankruptcies are a result of medical bills and 75% of those people HAD insurance

Thursday, June 11th, 2009

Unless you’re a Warren Buffett or Bill Gates, you’re one illness away from financial ruin in this country. If an illness is long enough and expensive enough, private insurance offers very little protection against medical bankruptcy, and that’s the major finding in our study.

The U.S. health care financing system is broken, and not only for the poor and uninsured. Middle-class families frequently collapse under the strain of a health care system that treats physical wounds, but often inflicts fiscal ones.  Story is here

Ronald Reagan and the closing of mental institutions

Thursday, June 11th, 2009

Conventional wisdom suggests that the reduction of funding for social welfare policies during the 1980s is the result of a conservative backlash against the welfare state. With such a backlash, it should be expected that changes in the policies toward involuntary commitment of the mentally ill reflect a generally conservative approach to social policy more generally. In this case, however, the complex of social forces that lead to less restrictive guidelines for involuntary commitment are not the result of conservative politics per se, but rather a coalition of fiscal conservatives, law and order Republicans, relatives of mentally ill patients, and the practitioners working with those patients. Combined with a sharp rise in homelessness during the 1980s, Ronald Reagan pursued a policy toward the treatment of mental illness that satisfied special interest groups and the demands of the business community, but failed to address the issue: the treatment of mental illness  Story is here

Shepard Smith on FOX News admits the emails at FOX are getting crazier

Wednesday, June 10th, 2009

Shep Smith AGAIN goes against the grain at FOX.  The link at the bottom of this article has a video in which he explains the crazy emails that FOX News is receiving as a norm these days.  Story is located here

Shep indicts FOX News for how it has spread untruths and ginned up the crazies to the point of “doing something.”

You absolutely need to see this video 

Here is the Department of Homeland Security report on Right Wing Wackos

Lies about Obama

Tuesday, June 9th, 2009

During the presidential campaign nutty right-wing rumors about Barack Obama swamped the Internet. Via mass e-mails, fearful conservatives were told that the Democratic nominee was a dangerous radical and a secret Muslim who would take the oath of office with his hand on the Koran. A whole conspiracy cult embraced the belief that Obama was not a natural-born U.S. citizen and was thus ineligible for the presidency. The Obama campaign had to build a Web site just to debunk the viral mythmaking.

After winning the election, President Obama, who was born in Hawaii (see his birth certificate here) was sworn in on Abraham Lincoln’s Bible. He went to church on Easter Sunday. The supposed Manchurian candidate can’t even get Gitmo closed properly, much less lead the Senate in a chorus of “The Internationale.”

But the mythmaking has not stopped. The wheels of rumor grind fast, but they grind exceedingly dumb. Marooned on a grassy knoll of the mind, the right has spun new and scarier fantasies about the president, tales that would send any patriotic, gun-toting Christian fleeing across the border to Canada, if only the Canadians weren’t so damn socialist. We present for your inspection, and then debunk, or paw at in desultory fashion, a dozen of the choicest conspiracy theories to gain traction since Jan. 20. We could print more, but we grow weary. (And by the way, Obama is still a Muslim foreigner.)

Here is a list of them and retorts.

We only waterboard Muslims

Tuesday, June 9th, 2009

So to get this straight, A terrorist has publicly stated that additional acts of terrorism are scheduled to be perpetrated against American people. The silence from the right is deafening. As Keith Olbermann pointed out yesterday, why are the right not demanding that swift action be taken against this convicted terrorist? Why are we, as a government and as a people, not treating Roeder like the terrorist he is?

Because as Jesse Ventura pointed out not too long ago while on his book tour to all of the FOX News channel programming, we only waterboard Muslims.  Story is here

Interesting maps of all sorts plus a map of Obamaland

Monday, June 8th, 2009

Very interesting maps of all sorts and shapes and sizes.  A map of Obamaland is located here at this page.

Health Care facts

Thursday, June 4th, 2009

These facts are all backed up by secondary sources.  It paints quite an ugly picture of the cost and return on our medical dollar.  Story is here

Proposition 13 and the tax cutting madness could lead to more cut taxes

Wednesday, June 3rd, 2009

California is cutting services which also include services that generate taxes and revenue.  So in order to save a dollar they may cut a dollar that results in 2 dollars in revenue for the state.  Story is here

Cheney- “Deficits don’t matter”

Tuesday, June 2nd, 2009

Cheney to Treasury: “Deficits don’t matter”

Former Treasury Secretary Paul O’Neill was told “deficits don’t matter” when he warned of a looming fiscal crisis.O’Neill, fired in a shakeup of Bush’s economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from “the corporate crowd,” a key constituency.

O’Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. “You know, Paul, Reagan proved deficits don’t matter,” he said, according to excerpts. Cheney continued: “We won the midterms (congressional elections). This is our due.” A month later, Cheney told the Treasury secretary he was fired.

The vice president’s office had no immediate comment, but John Snow, who replaced O’Neill, insisted that deficits “do matter” to the administration.

Source: [X-ref O’Neill] Adam Entous, Reuters, on AOL News Jan 11, 2004

Argentine economic collapse of 2001

Tuesday, June 2nd, 2009

Video is here
A documentary on the Argentine economic collapse of 2001…looks…interesting…. to say the least when you look at the current American economic position and their history.  hmmmm


Argentina has abundant natural resources, a well-educated population, an export-oriented agricultural sector and a relatively diversified industrial base. Domestic instability and global trends, however, contributed to Argentina’s decline from its noteworthy position as the world’s 10th wealthiest nation per capita in 1913 to the world’s 36th wealthiest in 1998.[64] Though no consensus exists explaining this, systemic problems have included increasingly burdensome debt, uncertainty over the monetary system, excessive regulation, barriers to free trade, and a weak rule of law coupled with corruption and a bloated bureaucracy.[64] Even during its era of decline between 1930 and 1980, however, the Argentine economy created Latin America’s largest proportional middle class;[18] but this segment of the population has suffered from a succession of economic crises between 1981 and 2002, when the relative decline became absolute.

Argentina’s economy started to slowly lose ground after 1930[65] when it entered the Great Depression and recovered slowly, afterwards. Erratic policies helped lead to serious bouts of stagflation in the 1949-52 and 1959-63 cycles and the country lost its place among the world’s prosperous nations, even as it continued to industrialize.[18] Following a promising decade, the economy further declined during the military dictatorship that lasted from 1976 to 1983 and for some time afterwards.[66] The regime engaged in a disorganized and corrupt financial liberalization that increased the debt burden and interrupted industrial development and upward social mobility; over 400,000 companies of all sizes went bankrupt by 1982[18] and economic decisions made from 1983 through 2001 failed to revert the situation.

Record foreign debt interest payments, tax evasion and capital flight resulted in a balance of payments crisis that plagued Argentina with serious stagflation from 1975 to 1990. Attempting to remedy this, economist Domingo Cavallo pegged the peso to the U.S. dollar in 1991 and limited the growth in the money supply. His team then embarked on a path of trade liberalization, deregulation and privatization. Inflation dropped and GDP grew by one third in four years;[63] but external economic shocks and failures of the system diluted benefits, causing the economy to crumble slowly from 1995 until the collapse in 2001. That year and the next, the economy suffered its sharpest decline since 1930.[63]

By 2002, Argentina had defaulted on its debt, its GDP had shrunk, unemployment reached 25% and the peso had depreciated 70% after being devalued and floated.

In 2003 expansionary policies and commodity exports triggered a rebound in GDP. This trend has been largely maintained, creating millions of jobs and encouraging internal consumption. The socio-economic situation has been steadily improving and the economy grew around 9% annually for five consecutive years between 2003 and 2007 and 7% in 2008.[67] Inflation, however, though officially hovering around 9% since 2006, was privately estimated at 12-15% that year and over 15% in 2008,[68] becoming a contentious issue again. The urban income poverty rate has dropped to 18% as of mid-2008, a third of the peak level observed in 2002, though still above the level prior to 1976.[69][70] Income distribution, having improved since 2002, is still considerably unequal.[71][72]

Argentina faces slowing economic growth in light of an international financial crisis. The Kirchner administration responded at the end of 2008 with a record US$32 billion public-works program for 2009-10 and a further US$4 billion in new tax cuts and subsidies.[73][74] Kirchner has also nationalized private pensions, which required growing subsidies to cover, in a move designed to shed a budgetary drain as well as to finance high government spending and debt obligations.[75][76]

This is the problem with the MSM…they do not get Colbert

Monday, June 1st, 2009

The story is located here
How dare you say one of the greatest “speaking truth to power” moments of all times was a gaffe!
The Mainstream Media played up the yuks from the facial Bush impersonator from the 2006 White House Correspondents Dinner.  Apparently Rebecca Ascher-Walsh thought that was funny.  The Colbert address to the Press Corps that year required the listener to actually have paid attention to the news and actually know something about current events and history as opposed to someone with a rubber face and comedic knowledge and timing of a rubber chicken.  A gaffe it was not at all…in that Colbert said EVRYTHING to support Bush however the intent was quite the opposite.  There is a MASSIVE irony in this story in that the writer who is devoid of farsight and only harbors a sense of nearsightedness does not look at the rest of the story in that the story revolves around Colbert being able to manipulate the English language to such a degree that when he says white…his audience knows he means black.  When he cheers Bush…viewers of his show know he is mocking and deriding Bush.  Everything he said at the Press Dinner supported Bush but an informed person knew different.  This is as plain as the nose on your face if you watch the show.  And to think that his address was anything but one of the highpoints in bringing an intellectual comedic twist to a completely intellectually challenged man who was the leader of the Free World for 8 years is to entirely miss the point of Colbert and to point the finger back at the writer and ask if she has ever seen the show.

Right wing extremists and the typical outcome by the American Taliban

Monday, June 1st, 2009

This falls into the category of “I Told You So!”  Story is here