Search This Blog

Saturday, September 24, 2011

The Same Government That Brought You the Department of Education Brings You Raining Space Junk

Well if you are reading this today, chances are you didn't get hit in the head with a molten piece of space junk last night. Killed in front of your screaming and horrified family. No holes in your roof. So we got that going for us.

What exactly is the common theme between the Department of Education and space junk, Frankie? Luck is with you today. You are about to read one of the most intelligent and insightful pieces ever written about government. You are going to be light years ahead of your neighbors and peers with regard to why government is such a disaster. All of this because of all of that- education and space junk.

First I will give you my version (read opinion) about how people and government work. In the beginning, someone gets an idea based on some sort of need. They voice the idea publicly. At first blush, the idea sounds great. Before anybody has thought it through, people start nodding their heads, liking the idea, and expressing their satisfaction and approval. An informal consensus occurs. Somebody, somewhere in the room, has thought that same idea through and realizes that it sucks. But because that person represents the minority and because he does not want to get brow beaten and gang raped publicly by a group of people that have already decided the idea is great- he/she keeps their mouths shut.

I'm not kidding. This is precisely how it works. I participated in this madness at the local level. Then something weird and startling happened to me. It was 1999. I went through a university course on basic Project Management. That's when I realized that government- not only does not use project management- they aren't even smart enough to know why they should. We have a better chance of the U.S. Air Force wheeling out those dead extraterrestrials from the Roswell, N.M. crash than we have of seeing a *PERT chart for project management from the government.

In fact, I once mentioned to another department head that we needed to implement project management into a million dollar multi-jurisdictional dispatch center with no clear funding source. His words, and I quote him here were- "We don't need that shit." Nearly a decade later, the entities involved in that dispatch center are still fighting over how it is funded and how it is used.
In basic project management, the goals and the costs for any project are stated. There is the logical step by step process for completion (pert chart) and a critical path is established. All parties with standing are included and informed. Critical path pieces are components of the project that absolutely must be finished before the next task can begin. But my favorite part of project management, the one that is almost completely ignored by government, is a constant review to see that goals are being met.

So it goes something like this. We have a nation of dunderheads and underachievers. This is directly a result of a bunch of alcohol induced and pot smoking parents who blame the school system for their lazy kids. They demand better education. The idea gets traction. Jimmy Carter and a bunch of statists say, "Yes, it is government's fault. We will put together this giant money sucking bureaucracy that will improve the nation's educational system. We shall call it the D.O.E." There are no plans to ever review the D.O.E. for smart or attainable goals. To analyze whether it has actually produced or achieved anything closely justifying the 75 billion we waste on it each year. Nor are there any plans to review it and shut it down in the event it is a complete waste of money which of course, it currently is.

This is the same thought process that goes into launching shit into outer space. We launch satellites for all kinds of things. We like to spy on people, communicate, and watch golf tournaments and apparently- soccer all over the world. These are mostly good things, except soccer watching. However, this satellitic hardware has a finite life span. Eventually, like one of those new Chinese manufactured vacuums, satellites go kaput. This poses kind of a dilemma. Not only does all of this space junk whirling around uncontrolled in outer space pose kind of a menace- but sometimes it re-enters our atmosphere and comes crashing back to earth. We're ok with that mostly as long as the flaming space junk lands in the ocean or some third world country. We are told the chances of it hitting any of us are pretty slim. So we are mostly ok with that completion phase of our space junk projects.

The point I am trying to make is that people often don't think a project through from start to completion and then- afterward. Nor do they review the project at defined points to see whether or not it's achieving its stated goals. There is no plan then for ridding ourselves of a project that is simply under performing or not working. If those procedures had been planned for in the initial phases of project management- future politicians could simply state that project goals are not being met and we are shutting it down as called for in the original project management plan.

Or in our current case, we can have a big bi-partisan fight about the Department of Education. We can yell and scream, try to massage the numbers to suit whatever side of the argument we fall on, and most likely that giant waste of money...the D.O.E. will continue. When the usable lifespan of space junk is over with- at least it kind of self terminates and crashes to earth. It doesn't cost us any more money. That's not such a bad project management plan by government standards, just as long as it doesn't hit us in the head.

Friday, September 23, 2011

Pension Money! Get Yours *Frist!

I spelled first wrong on purpose. Sometimes I do these things to amuse myself. Idiots on heavily trafficked blogs taught me this.

One of the really laughable and delusional things (something I predicted over 20 years ago) that is starting to get a lot of coverage lately- is this idea that U.S. pension funds would be able to fund themselves through the boomer demographic. The same philosophy applies to the housing supply. I used to wonder who was gonna buy my shit when I was ready to retire along with gobs of other boomers.

I based my predictions back then not on a sick economy- but simple supply and demand features. Plenty of supply, dwindling demand. Each one of us should have had 6 kids. Shitty planning on our parts.

You see, in order to make a profit on your house or your stocks, you have to be able to sell it for more than you paid for it. This is a feature of demand. No demand, no sale. Today, we have the double whammy. No demand and a sick economy that can't support what little demand remains. Houses selling for less than half what they did five years ago and no buyers. But cheer up, we have two more giant tsunamis coming our way. The first is the one trillion dollar student loan debt that will never be repaid. But the more pressing problem, is how are all of these pension plans going to pay the baby boomers the retirement salaries they think they are going to get? The money that was promised to them?

That is an interesting question. You see the bankers ripped you off with the government riding shotgun. You just don't know it yet. Private pension plans are only 77% funded.

Interestingly enough that is the same number for public retirement plans. Swiped from public fund survey.

All of these retirement funds, private and public, ASSUME a couple of things. They are called actuarial assumptions or in the new modern day vernacular- complete bullshit. They all assume 7-8% returns and low rates of inflation- generally around 3%. Both of those figures are no longer do-able. There is simply no way that a pension fund, short of gambling and becoming a hedge fund, can make 7-8%. Those days are over. On the inflation side, real inflation is nudging 5% and I am not talking about that bullshit number that the BLS puts out minus food and energy each month.

So the entire retirement world is predicated on 7 to 8% returns, a healthy economy, low inflation, and a demographic that is just dying to pay us more for our houses and investments than we paid. High demand. How's that for a fairy tale? This is what I am thankful for. Thank gawd, I am a retired cop and I was able to get my dough early. I am also thankful I am in the Idaho retirement system which has been one of the cheapest and leanest outfits in all 50 states. They don't even pay cost of living increases that match the manipulated and lowered CPI rates produced by the BLS. They should be able to limp along a little longer than the really bankrupt systems like California and Illinois.

I know this much. I'm glad to be getting some money- while they still have some. Ten years from now...they might be offering giving you 50 cents on the dollar. Tough shitski.

ZeroHedge Reporting Precious Metals Mystery Solved, CME Hiked Margins Today

Wow. The manipulation just never ends. How many people knew this ahead of schedule? Apparently a hell of a lot of insiders. Gold down over 100 bucks, silver losing 15%.

Fucking banker crooks.

Silver and Gold, More Blood in the Streets

I was a little surprised to see silver and gold getting slaughtered again today. Technically speaking, precious metals in the short term are fundamentally broken. I've been reading various things all morning trying to find an explanation that makes sense. Here's the best summary I could find.

As I am writing this, gold is absolutely getting destroyed- down over 105. Silver is down over 15% in one day... very close to erasing all of the gains it has made for the entire year!

Some are claiming that other countries' currencies are getting marked down and this is having an adverse effect. Others think the chief cause may be forced liquidation and general selling simply because gold has been the best performing asset this year. Perhaps.

Personally, I think the big banks are stoking the fire and exaggerating losses. It's in their interests to do this. They are simply using non existent and worthless paper to drive down the non existent and worthless paper price of precious metals. All of this overdone selling reminds me of a story.

Years ago, I was short a company that still exists- called Fuel Tech. FTEK. I remember it well. They manufactured clean air technology for coal fired generators which was largely unspectacular. However, they asked spectacular prices for their product. There was a finite amount of consumers, competitors, and this stock was greatly over valued. I was short at 25 with puts also, and I valued the stock at 5 bucks. The earnings report was due. I knew it would miss. When it came and missed big, the stock shot up nearly 10 dollars! To this day, when I think of that bullshit, I get physically sick.

I had lost nearly 20k that day- on paper. I did not have 20k to lose. That was a full third of all of my capital. That night, unemotionally, I fought my way through this mess. Was I wrong? Fundamentally this stock was a fraud. I knew it. My only mistake was getting a little too greedy and taking a larger position in one equity than I should have. That night, I emotionally committed to the only thing I could do. The following few days, I shorted this thing even more, I increased my put buying. Eventually FTEK fell off the cliff like it should have. I got whole. I closed the books, shorted a few stocks from '06 to '07 and eventually just put my money in bonds. I have not traded equities since '07.

FTEK taught me a huge lesson about emotional stability. If you have done your homework, if the fundamentals for your position are still intact, then you have nothing to fear. Eventually you will be rewarded for your due diligence.

That is the position some of us find ourselves in right now. Fundamentally, nothing has changed. In fact, I could make a pretty good case that things have gotten worse. There may never be a better time to buy precious metals than the days that are here right now. Buy them, lock them up, and be patient.

Thursday, September 22, 2011

Just When You Are Ready To Give Up on the Human Race*, Some Kid Like This Shows Up

A cross country runner stops in the middle of a race, helps an injured competitor by carrying him back 1/2 mile towards help and the starting point and then goes back and finishes the race. Dead last. No. This kid gets the Frankenstein Government first place trophy.

Good feelings at the link.

Buy When There Is Blood in the Streets*Updated

Silver and gold are getting their collective asses kicked today. Particularly silver. Nearly 10% off. Gold is in the low 1700's.

A few months ago, I told readers that I was waiting for the stock market collapse. Sometime around June when QE2 hadn't happened. Last week the market ramped up thinking that the banking genius was going to unveil a little something extra instead of Operation Twist. Of course I expected to see commodities and all asset classes drop which always occurs in big stock market swoons and why is not the point of this piece. It happens every time.

If you have a little cash earning absolutely nothing thanks to the great stagflation- now might be the time to start dipping your toe in the physical metals pool. Average in. If Mr. Market keeps dropping you don't want to over pay. Keep your purchase sizes small. Ounces, maybe ten ounces max. That way you can sell a little without filling out one of those Obamacare forms at the end of the year.

Buying when prices are down is very difficult for momentum investors like myself. You have to remember that the banks are fighting rising precious metals prices like their lives depend on it. Because they do. The world is swimming in debt- fiat currency is a bust everywhere but mostly Europe right now- and the last store of value is precious metals.

Today I am just going to buy 20-25 ounces of silver. Mainly because it is down the most and paper manipulated the most.. Maybe an ounce of gold.

Fundamentally, nothing has changed except the interest on the world wide debt accumulates.

I can't be positive but 2008, round DEUX might be just beginning and I don't want to miss the precious metals sale, starting today.

1512 MST update. I bought one gold kruggerand and 20 ounces of silver today. The man next to me bought every ounce of gold in the display case except mine. About 15-20 ounces. Honest.

Mike Krieger's summary on world currencies racing to the bottom and the gold angle. From ZeroHedge: See, once again things aren’t as simple as they may seem.  Gold is not falling, emerging market currencies have just been devalued.  This is what might be expected within the current macro environment of general fiat currency death as the globe enters a recession within a depression.  Things are going to be very, very choppy and I would be extremely cautious in all markets but physical precious metals should absolutely be accumulated on weakness.  The system has already blown up and while that makes thing extra volatile and confusing, as JP Morgan said in 1912 “gold is money, everything else is credit.”  It shall be seen to be true again.

Like It Or Not, It's Us Against Them

Almost 100 years ago, one of the greatest frauds ever conceived and then made into law, was the Federal Reserve Bank.

It was not Federal. It had no reserves. It was not even a bank. It's entire name, like it's mission, was a complete and utter fraud. If the creature's mission was to stabilize the U.S. economy, indeed it only took 16 years to prove that it was an utter failure. From inception in December, 1913- to Great Depression in October, 1929.

That's a hell of a job. It should have been shit canned then.

I have studied enough to know that the statement I am about to make is true. Fiat currency can work- as long as the quantity of currency is carefully controlled. It is the quantity of currency and the men who enlarge that supply that kill economies. Greed, in some never ending cycle, always fucks things up. Because man is finite. Man knows that he only has (x) amount of years to plunder rare earth. So new generations set about that task. Alan Greenspan, Hank Paulson, Lord Blankfein, Jamie Dimon, Tim Geithner. There are new ones, up and coming. The next class. They produce nothing. They charge "interest" for something they do not have and if they do, it was put on deposit by someone else. It ain't theirs and it never was. It is the greatest scam in town.

If there is one thing the book, "The Creature from Jekyll Island" taught me, it was that government desperately needs the FED. The government would be out of business if they were forced to come to taxpayers each year and ask for more taxes as their spending increased. Not only would citizens become much more aware about money and how it was being spent, but soon politicians would not have jobs. Citizens would not tolerate their out of control spending and shitty oversight. There would be accountability and politicians hate that. So instead of having to come to taxpayers each year begging for more and more taxes, our government simply "borrows" the money from the FED and plunges us into more and more debt. That way, we have no say in how the money is spent- we are simply stuck with the bill. A fantastic end around which is guaranteed to end badly and in our case- soon.

That is the simplest and most accurate explanation of why we have a "Federal" "Reserve" "Bank." It is the most convenient way for politicians to plunder taxpayers. In return, the FED and it's real owners- get to plunder the American economy through the boom and bust cycle. They get enormously wealthy in the process. So the political class, and the banker class, really need each other. Whether you like it or not- It truly is "Us Against Them." A very cozy arrangement- they have been screwing us for 98 years. Don't feel bad. We didn't invent this. Currently...

The FED and the political class have screwed the pooch. Our economy is toast- it has been since the tech bubble burst- around the turn of the century. We have already had our first lost decade- we are starting on decade number two. QE3 was a dud yesterday, a terrible disappointment. No more free money, just yet, to keep stock prices levitating. I have this sense that the political class, and the banker class, are very close to the end game. The great fraud is almost over.

It has been "Us Against Them" for a long time. Don't feel bad or apologize for that. Not one of us participated in nor hatched the plan that turned our country over to the bankers and politicians in 1913. Look at this mess like the opportunity that it is. A chance to get our country back. Who knows? Maybe we can do it without stretching a few necks. Maybe not.

Wednesday, September 21, 2011

Middle Class Gets Hammered, Bank of America and Wells Fargo Downgraded

No shit. Welcome to 1996. From CNN Money.

Bank of America, Wells Fargo, both downgraded by Moody's. Now Citi. Poor Warren Buffett. This is what happens when you hop in bed with politicians. Like Napolean, Warren Buffett might have discovered his own virtual Waterloo.

Operation Crazy Horse, Gold Price Suppession Conspiracy, Nash Equilibrium, and Other Fascinating Shit

Sometime later today, the FED is going to announce their latest trick. Quantitative Easing 3.0. This time around the Fed is going to announce a program to buy mid to long term treasuries. They call this "Operation Twist" because the FED has now begun to use code names.

Have you ever noticed how the government loves code names? I laughed my ass off when the government announced it's code name for Bin Laden. Geronimo. Allegedly, they use code names because somebody might intercept our cryptic messages and become confused about who Geronimo is. Well, except that the entire universe knew that we were hunting Bin Laden. I doubt those Islamic savages could have put all of that together. So I think these code names are kind of useful.

I don't like  the name Operation Twist. So I am going to dub QE3- Operation Crazy Horse. I think this is a far more descriptive and accurate code name. Since the FED has no assets yet they loan trillions, anyone that believes this bullshit must be crazy. Show me the MONEY, Fed! You must also be crazy to think any of this is designed to help Americans. It is designed to help re-liquefy all of our insolvent banks who get to practice mark to fantasy accounting. In the end, all that this will lead to is more inflation, more price erosion. Higher gold.

You'll note that I have used the term conspiracy. Contrary to common Moonbat thinking, conspiracies can and do exist. Conspiracies are hatched and their goals executed daily. The great duopoly, Verizon and AT and T, is one of my favorite conspiracies. The FED and it's member banks, the great cartel, still maintain and occupy my highest slot. Let me stop there and show you this. On bloodshed and conspiracies. Gawd I love Carlin.

Now I am going to introduce the term, Nash Equilibrium to you. Here is the definition. To save time and get to the point, just read the second paragraph- Cliff notes style.

Bankers hate precious metals because they represent something of real value in limited supply. Sans alchemy, there is no way to counterfeit precious metals. So what you have to do if you are a banker, is try to find a way to minimize the role of real money- precious metals- and maximize the role of your worthless currency. In other words, you badmouth gold publicly- while privately you accumulate as much gold as humanly possible. Keep it secret or you will cause the price to rise. That's why the biggest holders of gold, worldwide, are central bankers! I would dearly love to see how much gold Bernanke personally owns. In fact, if Ron Paul would simply ask Bernanke how much gold he owns, I would tip over laughing.

The FED and the worldwide banking system is the greatest conspiracy ever created. Like the great duopolies, they have found Nash equilibrium. The FED is a cartel that conspires and practices price fixing as uniformly as OPEC does with oil. To get rid of the banker class I will refer you back to the Carlin clip. Or maybe my favorite Thomas Jefferson...quote. Maybe Carlin was Jefferson in a previous life.

The Tree of Liberty must be refreshed with the blood of tyrants and patriots from time to time.

Tuesday, September 20, 2011

This Is Going To Hurt A Little Bit

A message from Thomas Jefferson. Two of them. Bear in mind that Jefferson was a stone cold genius, a polymath.

"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."  

Recently, I was doing a piece on the new NFL pat downs of patrons attending football games. I began to think about the scope of that and just how to fight it. I realized that there was no win. People will not fight something that they think was designed to help them. Even if they lose a little freedom in the process. This erosion of your freedom takes time. It starts small and gets bigger and bigger.

Never forget that for every action- there is an equal and opposite reaction. It is the yin and yang- the relativity of life. Anytime somebody proposes or takes an action, think about the opposite reaction that will be created.

That is precisely the problem with statists. It's not that their initial intentions are bad. It is that they do not consider the consequences of their actions. They are short sighted. They never consider the long term yang of their short term yin- solutions. Yang time is here.

One day, America is going to collectively wake up. That day will be the day when Americans find themselves completely bankrupt, slaves to a government that tells them what they can do. Fueled by greedy bankers that can never have too much. We are virtually socialist now. You don't own your property- the government does- through property taxation. You can't buy or sell anything without paying off the government. Health care is the perfect example. Those with insurance are paying the health care needs of those without.

People don't like talking about violence and blood shed. They think that somehow if they can avoid talking about it, it won't happen. They think that catering to their fear makes them reasonable. Like minded. The history of mankind on this planet is one of oppression. Those in power ultimately abuse that the extent that there is a backlash and a revolt. People in power always think that they have the right and the advantage. The full force of existing law and the government. They do not relinquish their positions. Our government is no different. All three branches have become terribly distorted. Ugly renditions of what was originally intended.

I think the future is going to sting a little bit.

I Think Mike Royko Would Have Liked Blogging

the jig is up (simple past the jig was up)
  1. (US, idiomatic, dated) An expression used to mean "We have been caught out and have no defense", or if spoken to a person who's just been found out as the perpetrator of an offense, it means "You've been discovered."
I bought my first computer in the mid 90's. I had no idea at that time of the tremendous scope of computing or what that future would look like. Accessing the internet became a perfect conduit for transmitting information to large audiences. Uncut, uncensored, and unedited. The web leveled the playing field. The unwashed and huddled masses had a means to communicate to each other and to large audiences. The bad guys might have figured that out- but the reality was- there wasn't a fucking thing they could do about it. Well, not yet anyway.

Anyone could communicate. You didn't need to own a printing press or a radio or television station to utter an opinion. The information super highway. Finally.

When I was a kid, about the only way you could reach a large audience was to write syndicated columns like the one Mike Royko wrote in Chicago. I actually think I learned to hate politicians from reading Royko columns. I thank him often. Royko smoked and drank and you just knew he swore like a sailor. But heaven forbid, in those puritan days, not even the word hell could sneak into print. I loved Mike Royko. He reminded me of everyone I knew. The dude won a Pulitzer Prize and he didn't even have a degree. Back in those days, if you were good, nobody cared about credentials.

Today, an amazing thing is happening. People are educating themselves. They are reading and they are writing. They are doing research and they are communicating. People are beginning to uncover the fraud that is the FED. They are beginning to see that the duopoly that masquerades as a two party political system is a fraud.  Places like ZeroHedge give readers, investors, and news junkies insight into a world that has never been talked about. The crooks pulling the levers. A forum where the sheep have a shot against the predatory practices of the government, the FED, and their corporate masters. Prior to the internet, adverse information- information that would have pissed off big corporate advertisers- would never have seen the light of day. Big advertisers would have threatened to pull their advertising the minute something didn't go their way.

My rules here are simple. I try to research everything and I try to be accurate. I want to pass on credible information. I write in a straight forward way. I use profanity when I want to. I think of profanity like I think of spice. I don't give a rat's ass what anyone might think about that and I reserve the right to change my own opinion. I will never advertise unless they come up with a way for me to select the advertisers. This is my blog and the last thing I want to see is an Obama banner or GM advertising some piece of garbage they are producing. I'll be damned if I ever let an advertiser threaten what I write or how I write it. Editorial control and it doesn't cost me a dime. How sweet is that?

Royko would have loved blogging. He could have written about anything and done so anonymously if he wanted to. The working stiff audience that he appealed to could have instantly communicated with him via a comment box or an email address. No interference, no editors, no bosses. I think Royko would have developed a tremendous following. He might not have gotten rich but I always had the feeling that he really didn't give a shit about money anyway. He just liked to write.

Today I am beginning to understand. We are united by this medium and this flow of information. For the first time ever, government and it's masters can no longer divide, conquer, and slaughter the sheep. The jig is up. The sheep have a fighting chance. We have a tool that levels the playing field and allows us to pass along vital information to each other. Yea, I think Mike would have liked this blogging thing. Those goons he wrote about, well, not so much.

Monday, September 19, 2011

Hate Can Be a Useful Tool *Updated* Ron Paul Can Win

Wow. My hero. The original anti statist, anti-moonbat.

“Freedom is not defined by safety. Freedom is defined by the ability of citizens to live without government interference. Government cannot create a world without risks, nor would we really wish to live in such a fictional place. Only a totalitarian society would even claim absolute safety as a worthy ideal, because it would require total state control over its citizens’ lives. Liberty has meaning only if we still believe in it when terrible things happen and a false government security blanket beckons.” Ron Paul

Zero Hedge ran a really good piece today contrasting Ron Paul with the main character in Hemingway's, " The Old Man and the Sea." That book incidentally, is my mom's favorite read. She loved Hemingway and in some odd way, I find it weird that I spent 25 years in the valley he called home. I know precisely where his headstone is.

Ron Paul won the California straw poll and would have won the Texas straw poll. But they cancelled it. Rick Perry did not want to get his ass kicked by a bunch of Texans that know another statist when they see one. Rick Perry is just one more incarnation of a self serving politician. The Tea Party cannot get any traction or credibility with me until they support the original, truth telling, anti-government candidate. That is Ron Paul. Until then...

The Tea Party may have started with pure intentions but it has already devolved into the same old government rhetoric. Personally, I think the movement is dead. If they thrust Perry up, I'll know it's business as usual.

The Duopoly, pronounced do- opoly, continues unabated.

It takes a lot of courage to support Paul. I have never, ever witnessed a man so marginalized and vilified in my life having done absolutely nothing wrong. No scandals, married forever, delivered 4000 babies, completely transparent. Tells the absolute truth when his entire audience is hoping for a lie. He is non delusional, 100% of the time. It's an absolute shame he will never be President. The entire banker, government status quo is scared shitless of this guy because he cannot be manipulated. A once in a lifetime politician. A government worker, like me, who hates government.

Oh well. I'll be dead when the place implodes. Good luck with that Rick Perry, Mitt Romney bullshit, my "conservative" friends. There is nothing wrong with hating government, in it's never ending status quo...spend us to hell mandate or....a true believer posits...


How Barack Obama Missed The Opportunity Of A Lifetime and Why You Can Now Safely Stick A Fork In Him

Over the weekend, I listened to Obama's big "jobs speech" again. I did this because I noticed something odd while listening to the two minute version. It was the tone and the inflection of how Obama delivered that speech. This is new.

I follow this guy like a virtual stalker. And as much as I hate to listen to him, I do. Obama is desperate and he is scared. He knows his place in the polls and Obama is incapable of doing anything to rescue himself. That's the problem when you are a spineless- ego maniac. You cannot remake yourself into the kind of man you need to be now. You have exposed who you are. You have no credibility. To make matters worse, the bankers don't need you anymore. They got away with their crimes. Corporate America doesn't have much use for Obama either- with guys like Steve Wynn saying he is bad for business. Business can't move forward until Obama is moved out of the way. Obama's regulations, taxes, and health care extortions have absolutely brought about a hiring freeze. Obama's latest ploy over the weekend- is proposing tax hikes and deficit cuts. More desperation.

Can you imagine for a moment what might have been, had Obama recognized the greatest opportunity of his lifetime? How different our country and this election might be? Most of us only dream of silver platter set ups like the one Obama received in 2008. Only a "banker bought and paid for man" or a self absorbed fool with his own agenda could have missed it. It was staring him in the face.

Imagine a banking crisis, so fraudulent and severe, that it has pitched the world into a liquidity crisis which continues to this very day. You have three choices. (1) Continue the policies of your very unpopular predecessor, TARP loans, stimulus, and bailouts. Ignore the fraudulent and criminal acts of tens of thousands of crooked mortgage originators, appraisers, purchasers, bankers, rating agencies, and Wall St. loan bundlers and resellers. (2) Do nothing (3) Let failed banks fail. Prosecute fraudulent activities up and down the mortgage fraud food chain. Set the credibility standard and announce to the U.S. and to the world that people will be held accountable and that we have a rule of law in this country. Rid ourselves of shoddy CEOs and too big to fail banks. Prosecute and put people like Angelo Mozilo in jail. Refuse to subsidize any business with taxpayer funds.

Ponder the power and credibility of Obama had he chosen that last option in 2008. People would have been proud of their President. There would have been restorative justice and confidence in America. In fact, had Obama done the right thing- back when he was given that golden opportunity- he could have done anything he wanted now. He would have had the support of millions of out of work people, displaced homeowners, the respect of the worldwide community who were also victimized. Virtually everyone knows the tremendous scale of corruption that existed. Perhaps the economy would not have turned around by now- but you know what? Everyone would have cut Obama some slack because he would have been doing the right thing. People can be tremendously forgiving as long as they think someone's heart is in the right place. They know there is a common sense approach and a logical sequence that must be employed. That sometimes you can't turn things around in a year or two. They would have given him another term.

Obama had the greatest opportunity EVER to right a serious wrong and bring real hope and change to a country that had been gutted. He might have gone down as a great one. Had he selected option (3) he could probably have played golf every day for the rest of his term. Relaxed and vacationed even more than he does. Waited to see who the GOP picks and then sent them packing in a landslide election. That is the kind of credibility and support Obama would have had if only he could have seen past his personal agenda and that giant ego of his. Do what was in the best interests of the country. Would it have taken personal courage? Of course. But it was no Cuban missile crisis.

Now Obama is relegated to making desperate speeches and pleas. Promising to do what he could have done months and years ago with taxes or the budget had he first established personal courage and credibility. As it stands, no one trusts him. His words are hollow rhetoric. On the good ship Obama, we will see a flurry of rats evacuating his ship. Indeed we have already seen that. That momentum will continue. Obama is done. He had his shot and he blew it. All the GOP needs to do is find someone, anyone, with an ounce of credibility and courage. Maybe they won't even need that- to get this job done. That's how confident I am that you can stick a fork in Obama.

The really odd thing, is that Obama just doesn't get it. Anyone trying to tell him the truth would have been sent packing. That's the problem when you have the biggest ego in the room. It may take him another 20 years (if ever) to figure out that the biggest problem Barack Obama has- is Barack Obama.

Sunday, September 18, 2011

Boise Makes Top Ten Places to Retire

Hell, they didn't even mention our football team.

Boise, Idaho
Photo: David R. Frazier
Population: 205,600
% over 50: 30%
Median home price: $120,000
Top state income tax: 7.8% (*Social Security exempt)
Cost of living (as % of national median): 97%
If you're the type who can't survive without your symphony, art, and theater fix, you may have resigned yourself to staying in some pricey coastal burg during retirement. Take a look at Idaho's capital city instead.
Granted, Boise is no Manhattan. But its thriving cultural scene includes an opera company, a philharmonic orchestra, and a ballet. At Boise Art Museum, which focuses on contemporary American art, you'll see works by Ansel Adams and Chuck Close.
Catch shows at Boise State University's Morrison Center for the Performing Arts, which hosts not only classical events but also touring Broadway shows and such boomer draws as Merle Haggard and Kris Kristofferson. Or hit the annual Shakespeare Festival at the city's 770-seat outdoor amphitheater.
Residents also enjoy all the outdoor activities you might expect of a city that's flanked by mountains and bisected by a river full of fish — and that has a mild climate year round.
Another plus: Violent crime in Boise is little more than half the national average. That's a remarkable score for a city this size.

Where Are Ye Now... George Kaiser?

Amidst the flaming wreckage and criminal fraud that is Solyndra, I have googled the name George Kaiser several times. The latest and most comprehensive Solyndra expose' has been furnished by the National Review via Doug Ross here:

Call me an odd duck, but I am one of those guys that gets a little pissed off when people are publicly dragging my good name through the mud.

Apparently the billionaire, George Kaiser, has found an emotional solution for all of that internet slander and contempt that is being shoveled his way. In fact, I cannot find one "no comment" from him anywhere. Not one statement telling us how Solyndra was actually a very viable company and placing the blame on some scientific process that they simply could not solve.

Actually, I haven't heard much about Solyndra from President Jabberjaw either. 

Maybe President Obama is busy with all of that country running that he does, and perhaps Mr Kaiser is just too busy with all of that billionaire stuff he stop and say something about how we are all jumping to conclusions and that in actuality...there is a very simple explanation for all of this Solyndra madness. Surely, our vaunted mainstream media will ask the proper questions.

In law school, when clients tell lawyers they have done something clearly fraudulent or criminal, prospective lawyers are trained to tell their clients to STFU. This is legalese for don't make any statements regarding the matter. In fact, the better attorneys advise, this helps us defend your deplorable actions later on and carve out some deal that involves a big fine. But no jail time.

The newest entry into Solyndra hell is Steve Spinner. One of those goverment employees at the Dept of Energy.,0,1142974.story Steve it seems recused himself from Solyndra loan making because of his open support for President Obama.. how noble. I doubt that he had any influence over his subordinates' decisions. We have not heard from Mr. Spinner who is married to a lawyer...but I digress.

Here at Frankenstein Government, we are always more than willing to give the accused an opportunity to explain themselves- by polygraph if need be. Because we know how vicious and cruel life can be. Go ahead and send me an email George. You being a big philanthropist and all- you deserve some respect and an opportunity to tell us what really happened. We are all anxiously awaiting to hear from you.