Tuesday, September 30, 2008
America: still racist, business as usual.....
Wednesday, September 24, 2008
WTF is this guy talking about?
This is not my Religion and not my America.....
Good luck in November
If your net worth has not gone up this year, you can do something about it in November......
As economic crisis deepens, rich get richer
Forbes publishes list of 400 wealthiest Americans
By Tom Eley
24 September 2008
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Even as the US careens into its greatest economic calamity since the Great Depression, the financial aristocracy whose parasitism and criminality has brought on the crisis has held its own—and then some.
The recently released Forbes 400 list of the richest Americans shows that the combined wealth of the aristocracy has increased 2 percent, even amidst the financial breakdown and recession of the economy. "In this, the 27th edition of the list," Forbes glumly notes, "the assembled net worth of America's wealthiest rose by $30 billion—only 2%—to $1.57 trillion."
Readers will be forgiven for tripping over the word "only" in relationship to a $30 billion increase in wealth for 400 spectacularly wealthy individuals. This "modest" figure—the increase in wealth for the oligarchy in a bad year—is only slightly less than the federal government has budgeted for unemployment insurance for all of 2008.
The overall wealth of the 400 richest Americans is staggering. There are no multimillionaires on the list; a minimum of $1.3 billion being required to gain admittance, while the average net worth is $3.9 billion.
The combined wealth of the richest 400 individuals is $400 billion more than the entire discretionary spending budget for the federal government. It is more than $300 billion larger than the combined 2008 outlay for Social Security, Medicare, and Medicaid. It is more than 15 times the combined appropriations for education and highways and mass transit.
The personal wealth of the top 400 Americans is more than twice the combined annual GDP of all of sub-Saharan Africa, home to nearly 800 million people, the vast majority of whom live in dire conditions. It is also several hundred billion dollars larger than the GDP of the world's eighth biggest economy, that of Spain.
The club's richest member is Microsoft magnate Bill Gates, whose net worth, $57 billion, is greater than the annual GDP of about 120 of the world's 180 nations.
The year's biggest winner is New York City Mayor Michael Bloomberg, whose personal wealth increased by $8.5 billion to $20 billion, making Bloomberg the nation's eighth richest individual.
On Tuesday, without a hint of irony—much less shame—Mayor Bloomberg proposed brutal across-the-board budget cuts for the city of New York. He is calling for cutbacks totaling $500 million for the current fiscal year, to be followed by much steeper cuts in the coming years. Meanwhile Bloomberg, in the course of just one year, pocketed 17 times what he is now demanding that millions of working people in New York City forfeit in terms of vital services and jobs. Only in America!
However, owing to the turbulence of the stock market, great fortunes were being both made and squandered even as Forbes published its list. "The Forbes 400 is a snapshot of estimated wealth on Aug. 29, 2008, the day we locked in prices of publicly traded stocks," the magazine wrote. "Given how unsettled the stock market is, some of those on our list will become significantly richer or poorer within weeks—even days—of publication. Many, including AIG shareholders Eli Broad and Steven Udvar-Hazy, have lost hundreds of millions of dollars."
Becoming poorer is of course a relative process; we can be certain that none of the demoted oligarchs faces hunger.
Among this year's biggest "losers"—and there is a degree of poetic justice in this—are casino moguls. Kirk Kerkorian has managed to squander $6.8 billion of ill-gotten social wealth, while the fortune of his rival Sheldon Adelson "has fallen $13 billion in the past 12 months—$1.5 million per hour." Adelson has managed to lose more in an hour than most US workers will earn in a lifetime.
That the nation's financial aristocracy continues to gorge itself even as the economy stagnates demonstrates the increasing parasitism of the elite. The wealth of the super-rich is no longer bound up with the growth of the real economy, as it was in the days of Carnegie, Rockefeller, and Ford. Just the opposite is the case. The wealth of the aristocracy is based on the plundering and destruction of the real economy.
A perusal of the basis of the Forbes 400 members' wealth illustrates the parasitic nature of US capitalism. The largest two categories on the list are "finance" with 65 members and "investments" with 51. Among the "sources" Forbes lists for these categories are "leveraged buyouts," "investments," "hedge funds," "money management," and "banking, insurance."
The next largest category is "media/entertainment," with 36 representatives among the Fortune 400, followed by the 35 members in the highly toxic "real estate" category. There are 30 members of the Fortune 400 who have reaped their fortunes from "technology," almost all from Internet ventures or computer technology. Twenty-eight more are found in the "oil/gas" category.
Among the Fortune 400 there are 20 in the "retail" group, among them seven members of the Walton clan, owners of Wal-Mart, who collectively have assets of over $100 billion.
It has to be asked: Are there any members of the Forbes 400 actually associated with producing commodities or creating wealth of some sort?
There are only 19 members of the 400 in the category called "manufacturing." However, upon inspection we see that this group is comprised of corporate raiders, oil refiners, inheritors, and controllers of holding companies. Only five members of this classification are actually associated with producing a commodity—and four of these produce light consumer goods.
Likewise, there are only 11 members of the financial aristocracy whose wealth has been associated with commodity production in the agricultural sector. But among these, nine are inheritors of the Cargill fortune. Of the other two, one has gained his fortune selling discount cigarettes; another by producing pesticides in Argentina.
There are nine members of the group in the "apparel" category, which is split between those whose wealth has come from retail sales, such as the owners of the Gap clothing stores, and those who have made windfalls by producing consumer goods in low-cost countries and selling the products for inflated prices in the US, such as Phil Knight of Nike.
There is only one member of the "construction/engineering" category, the 321st richest American, Alfred Clark, who has made his fortune by building sports stadiums. The "food" category, of which there are 21 members, is divided among retailers, inheritors, and the owners of single product lines, including the owner of the Slim-Fast empire. There are only three members of the "shipping/trucking/transport" category, and one member of "mining/lumber" (whose wealth came from overseas ventures).
In short, the incredible fortunes accumulated by the American elite have precious little to do with socially useful production. On the contrary, the financial aristocracy has reaped its obscene piles of wealth from the gutting of infrastructure, the shuttering of industrial production, and the impoverishment of working people, the broad mass of the population.
Tuesday, September 23, 2008
Your pocket is being picked again in the name of fear.....
Headlines have me chuckling these days. The Fed Chairman came out with a statement that said we will need to "bail out" the big Wall Street firms with $700 billion if we don't want to go into a RECESSION. Where has this guy been? What America does he live in that he thinks we are not in a RECESSION already. I wonder at which kitchen table that he worries about his Mortgage. Another talking head said that this is a financial 911. I know that every time I have heard that, some politician is LYING to me. This last 8 years has been one disaster after another. Now it is finances. I also love the guys that are coming out and blaming the American People for this mess. The say things like, 'the public wanted these mortgages that they knew they could not afford", and the new idea about lending to MINORITIES through the Fair Housing Act, somehow they are to blame that predatory lenders got hold of them and charged them more and set them up for failure. Whenever I have financed a house, I have never read all the document&183; I rely on a professional to give me good advice. But the professionals did not set up the program or even read the whole thing and understand all the rules either. They just know how much commission they make off which instrument. NO, it is the institutions that made up the writing and contracts that we do not read, that we rely on experts to interpret for us. It is the MORGAN STANLEY's, MERRIL LYNCH's, and the AIG's of this economy that have done this. I am still working, still paying my credit card that they changed the rules on to charge me more interest. I still get money out of the ATM that they encourage me to use and charge me $2 to use each time. I still buy the Big Screen TV from MAGNAVOX that they encourage me to buy, that was Made in China instead of employing a fellow American and the piece of crap TV dies on me several months after the warranty. Is it me that is responsible for forming my buying habits, my financing habits, the way I spend my hard earned money? That is what these ASSHOLES from the disasteradministration would have me believe. Or they would play on my fears of MINORITIES, people who are different than me to stir me up and get me to believe that, WE the American People need to hand over $700 billion of our hard earned money to ASSHOLES that already made more money in their paycheck than me in the first place. Why am I "BAILING" them out?
Let's look at the recent history of the disasteradministration. The disastervicepresident came from Haliburton. He came from the Military-Industrial complex. Then the contrived ATTACK on NEW YORK happened and the disasteradministration had their opportunity. We got suckered into WAR with lies, deceit and traitorous activities(OUTING AN UNDERCOVER CIA AGENT IN TIME OF WAR). Who made money off the ILLEGAL PRE-EMPTIVE WAR with IRAQ? Of course these guys and all their cohorts in the Military-Industrial Complex that Eisenhower warned us about. This is the only industry that we still don't ship overseas, so they still all have jobs. The only industry that the disasterpresident and his elite Republican operatives(the Democrats have done this also)could not funnel large amounts of tax payer dollars to without a huge backlash is the financial institutions of the country. He could not start a trade war that loses people money. Hmmm, How could he do it? Shazammmm. After eight years of dismantling the safeguards of regulation over financial institutions(WITH THE ENTHUSIASTIC HELP OF JOHN MCCAIN), they start having problems meeting their obligations on bad debt that they promoted, sold and made huge commissions on. Then these same institutions packaged these bad loans to hide them just like ENRON. Oh! 911 all over again, in a financial sense. We are in crisis! Be afraid! Embrace your fear, with a little help from a well practiced propaganda machine. And now we have to hand them $700 billion dollars. Ah, I get it. This is the way the disasterpresident was going to give a going away present to his financial institution buddies. $700 billion can buy a lot more houses and a lot more yachts.
Here is the compensation of several companies from the Military-Industrial complex and the financial industry of our country.
Martin-Marietta CEO 11 million dollars per year
Boeing CEO 16 million dollars per year
Haliburton CEO 14 million dollars per year
Morgan Stanley CEO 41 million dollars per year
Merrill Lynch CEO 28 million dollars per year
Wachovia CEO 24 million dollars per year
I get it now. The people that run the financial institutions are not used to hard times only making the 10 to 15 million dollar salaries a year that they are used to in the Military-Industrial complex area of the American Economy. How could we ask them to sacrifice themselves for so little. We need to keep their salaries up their so that we can make billionaires out of them so that they can trickle their money down and create jobs in
CHINA.
If Americans are all equal, then why did they give us the stimulus package check with only $600 dollars per person. The corporate bailout if you figure 4 million recipients equals $175,000. I could have stimulated alot of economy with that. Good luck America.
Sunday, September 21, 2008
Is somebody paying attention out there.......
* EXECUTIVE ORDER 11051 specifies the responsibility of the Office of Emergency Planning and gives authorization to put all Executive Orders into effect in times of increased international tensions and economic or financial crisis.
* EXECUTIVE ORDER 11310 grants authority to the Department of Justice to enforce the plans set out in Executive Orders, to institute industrial support, to establish judicial and legislative liaison, to control all aliens, to operate penal and correctional institutions, and to advise and assist the President.
* EXECUTIVE ORDER 11921 allows the Federal Emergency Preparedness Agency to develop plans to establish control over the mechanisms of production and distribution, of energy sources, wages, salaries, credit and the flow of money in U.S. financial institution in any undefined national emergency. It also provides that when a state of emergency is declared by the President, Congress cannot review the action for six months.
* EXECUTIVE ORDER 12148 created the Federal Emergency Management Agency (FEMA) that is to interface with the Department of Defense for civil defense planning and funding. An "emergency czar" was appointed. FEMA has only spent about 6 percent of its budget on national emergencies, the bulk of their funding has been used for the construction of secret underground facilities to assure continuity of government in case of a major emergency, foreign or domestic.
* EXECUTIVE ORDER 12656 appointed the National Security Council as the principal body that should consider emergency powers. This allows the government to increase domestic intelligence and surveillance of U.S. citizens and would restrict the freedom of movement within the United States and granted the government the right to isolate large groups of civilians. The National Guard could be federalized to seal all borders and take control of U.S. air space and all ports of entry. Many of the figures in the Iran-Contra scandal were part of this emergency contingent, including Marine Colonel Oliver North.
The Federal Emergency Management Agency has broad powers in every aspect of the nation. General Frank Salzedo, chief of FEMA's Civil Security Division stated in a 1983 conference that he saw FEMA's role as a "new frontier in the protection of individual and governmental leaders from assassination, and of civil and military installations from sabotage and/or attack, as well as prevention of dissident groups from gaining access to U.S. opinion, or a global audience in times of crisis.
EXECUTIVE ORDER 10990 allows the government to take over all modes of transportation and control of highways and seaports.
* EXECUTIVE ORDER 10995 allows the government to seize and control the communication media.
* EXECUTIVE ORDER 10997 allows the government to take over all electrical power, gas, petroleum, fuels and minerals.
* EXECUTIVE ORDER 10998 allows the government to take over all food resources and farms.
* EXECUTIVE ORDER 11000 allows the government to mobilize civilians into work brigades under government supervision.
* EXECUTIVE ORDER 11001 allows the government to take over all health, education and welfare functions.
* EXECUTIVE ORDER 11002 designates the Postmaster General to operate a national registration of all persons.
You need to pay attention to what is being said by your disasterpresident......
* EXECUTIVE ORDER 11051 specifies the responsibility of the Office of Emergency Planning and gives authorization to put all Executive Orders into effect in times of increased international tensions and economic or financial crisis.
* EXECUTIVE ORDER 11310 grants authority to the Department of Justice to enforce the plans set out in Executive Orders, to institute industrial support, to establish judicial and legislative liaison, to control all aliens, to operate penal and correctional institutions, and to advise and assist the President.
* EXECUTIVE ORDER 11921 allows the Federal Emergency Preparedness Agency to develop plans to establish control over the mechanisms of production and distribution, of energy sources, wages, salaries, credit and the flow of money in U.S. financial institution in any undefined national emergency. It also provides that when a state of emergency is declared by the President, Congress cannot review the action for six months.
* EXECUTIVE ORDER 12148 created the Federal Emergency Management Agency (FEMA) that is to interface with the Department of Defense for civil defense planning and funding. An "emergency czar" was appointed. FEMA has only spent about 6 percent of its budget on national emergencies, the bulk of their funding has been used for the construction of secret underground facilities to assure continuity of government in case of a major emergency, foreign or domestic.
* EXECUTIVE ORDER 12656 appointed the National Security Council as the principal body that should consider emergency powers. This allows the government to increase domestic intelligence and surveillance of U.S. citizens and would restrict the freedom of movement within the United States and granted the government the right to isolate large groups of civilians. The National Guard could be federalized to seal all borders and take control of U.S. air space and all ports of entry. Many of the figures in the Iran-Contra scandal were part of this emergency contingent, including Marine Colonel Oliver North.
The Federal Emergency Management Agency has broad powers in every aspect of the nation. General Frank Salzedo, chief of FEMA's Civil Security Division stated in a 1983 conference that he saw FEMA's role as a "new frontier in the protection of individual and governmental leaders from assassination, and of civil and military installations from sabotage and/or attack, as well as prevention of dissident groups from gaining access to U.S. opinion, or a global audience in times of crisis.
EXECUTIVE ORDER 10990 allows the government to take over all modes of transportation and control of highways and seaports.
* EXECUTIVE ORDER 10995 allows the government to seize and control the communication media.
* EXECUTIVE ORDER 10997 allows the government to take over all electrical power, gas, petroleum, fuels and minerals.
* EXECUTIVE ORDER 10998 allows the government to take over all food resources and farms.
* EXECUTIVE ORDER 11000 allows the government to mobilize civilians into work brigades under government supervision.
* EXECUTIVE ORDER 11001 allows the government to take over all health, education and welfare functions.
* EXECUTIVE ORDER 11002 designates the Postmaster General to operate a national registration of all persons.
Saturday, September 13, 2008
McSame and why smoke and mirrors could win again......
Well, welcome the 2008 election. We see the candidates squaring off with the usual ads. We see one candidate(Obama) that caught fire in the primary beating a well seasoned politician(Hillary)with the message of Change. The Democrats gave this candidate and his message the slightest nod over the other. The popular vote was extremely close and the delegate vote was 52-48 % which is a win in our all or nothing society.
Obama has continued to carry the message of change and attract newer and younger voters into the process. This is good. He does represent New Ideas and definately and New Face to the power structure in Washington.
This is the year everyone hearlded as the year the Democrats could not lose. You have a Republican disasterpresident that has effectively destroyed the credibility of the Federal Government both at home and abroad. You have an economy that has been out of control since the disasterpresident has been in the White House. We continue to lose ground in terms of our personal wealth as compared to the rest of the world. We are not working because there are few jobs that will support families anymore.
They have been in charge of congress since 1994 and in the White House since 2001. Remember these facts in that time frame: The Republicans are going to run McCains campaign as if they are brand new. They are going to put out and have already ads with this motto similar to Obama. They are going to make McCain look very similar then play the Patriot card, I was a POW, I stood up for my country, I put my hand over my heart when I see the flag.......etc. If they match up they figure they will make the messages of both candidates cloudy and therefore we might just elect a WAR HERO.
Lets talk about heros. Getting shot down, losing a 5 million dollar piece of equipment that Tax payors paid for is not a hero. Getting beat up in prison does not make you a hero. If these things do make him a hero, then promoting and supporting an illegal war and torture, and sending 4100+ Americans to their death needlessly makes him a traitor to this country.
The Republicans have a need to stay in Power so that crimes do not come out and get little investigation. When a Republican administration comes in they bring the same old guys that have been serving Republicans for years. Many of the people in the disasteradministration now were Nixons people. Gee I thought he was a criminal. So most all the people that would serve in a McCain administration would be, you guessed it, hand picked Disasterpresident operatives. McCain equals the same old thing repackaged with lipstick on it.
Dont be fooled again America.
Phillip Wister
Friday, September 05, 2008
Always remember
Thursday, September 04, 2008
This is not my America, it is Neocon Heaven
http://www.youtube.com/watch?v=WXZbIGJrDkg
This is the fulfillment of the messianic view of the neocons. Constant war of good and evil. This is Big Brother and he has come in the image of Jesus. This is not my America. Get out and vote these bastards out of office once and for all. Jesus did not promote WAR.