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Archive for May 13, 2012

Obama pushes billion-dollar stimulus plan

“Putting pressure on Congress to approve parts of his latest economic stimulus plan, President Obama urged Americans Saturday to push lawmakers to approve his multibillion-dollar “to-do list” for creating jobs.

“Each of the ideas on this list will help create jobs and build a stronger economy right now,” Mr. Obama said in his weekly address. “Let’s push Congress to do the right thing. Let’s keep moving this country forward together.”

The president’s list includes an expanded program to help homeowners refinance their mortgages, a proposal to give small businesses tax breaks for hiring more workers, a program that would help veterans find jobs, and an extension of tax credits for clean-energy companies.”

Via Washington Times

Because the last obumbles spending plan worked out so well…….

Report says 230,000 unemployed losing benefits over weekend

“More than 230,000 unemployed workers will lose their jobless benefits this weekend as portions of federal programs expire across several states.

All told, 409,300 long-term unemployed Americans in 27 states will have lost upward of 20 weeks of federal unemployment benefits by this past Saturday, even as the many state jobless rates remain high, according to a new analysis by the National Employment Law Project (NELP).

The latest batch of cuts affects 236,300 unemployed people in eight states — California (11%), Texas (7%) Pennsylvania (7.5%), Florida (9%), Illinois (8.8%) North Carolina (9.7%) Colorado (7.8%) and Connecticut (7.7%) — half of which have jobless rates above the 8.1 percent national average posted in April. “

Via The Hill

Categories: Unemployment

Thanks to U.S. appeals court we will likely never know the details of the NSA-Google relationship

“The tight-knit relationship between the American government (the intelligence community in particular) and Google is becoming increasingly plain to see.

This was made even more blatant in the decision of the Washington D.C. Circuit appeals court which allowed the National Security Agency (NSA) to neither confirm nor deny their relationship with Google.

The NSA – the world’s largest surveillance agency which keeps tabs on Americans and people around the globe – has been given the authority to refuse to respond to a Freedom of Information Act (FOIA) request filed by the Electronic Privacy Information Center (EPIC) by the court.

The court ruled that one of the many FOIA exemptions covers any and all documents which supposedly may jeopardize the NSA’s national security mission and that they do not even have to respond to the request.”

Via Activist Post

Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars?

“If we are trying to become independent of foreign oil, then why is the Obama administration allowing the Chinese government to buy up U.S. oil and gas deposits worth billions of dollars? This makes absolutely no sense whatsoever. The United States desperately needs to maintain control over its own domestic energy resources so that we can end our addiction to foreign oil. As I have written about previously, the United States actually has plenty of oil. If we would simply use the resources that we already have, we would never have to import a single drop of foreign oil. But instead, we continue to be the largest importer of oil on the planet and we are allowing China to rapidly buy up oil and gas deposits inside the United States. This is fundamentally wrong and it is a serious threat to our national security. But apparently everything is for sale in the United States today, and that includes our precious energy resources.”

Via End of the American Dream

College loan debt stupidity

Degrees of debt: Soaring college costs hobble a generation

“Kelsey Griffith graduates on Sunday from Ohio Northern University. To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents. Her mother, who co-signed on the loans, is taking out a life insurance policy on her daughter.

“If anything ever happened, God forbid, that is my debt also,” said Ms. Griffith’s mother, Marlene Griffith.

Ms. Griffith, 23, wouldn’t seem a perfect financial fit for a college that costs nearly $50,000 a year. Her father, a paramedic, and mother, a preschool teacher, have modest incomes, and she has four sisters. But when she visited Ohio Northern, she was won over by faculty and admissions staff members who urge students to pursue their dreams rather than obsess on the sticker price. “

Via MSNBC

Categories: Debt

Honoring Heroes Versus Honoring the Mirror – Bush vs obama

“To distinguish leadership from malignant narcissism, compare W’s speech after the capture of Saddam Hussein…”

The success of yesterday’s mission is a tribute to our men and women now serving in Iraq. The operation was based on the superb work of intelligence analysts who found the dictator’s footprints in a vast country. The operation was carried out with skill and precision by a brave fighting force. Our servicemen and women and our coalition allies have faced many dangers in the hunt for members of the fallen regime, and in their effort to bring hope and freedom to the Iraqi people. Their work continues, and so do the risks. Today, on behalf of the nation, I thank the members of our Armed Forces and I congratulate ‘em.

“…with B. Hussein Obama spiking the football after he finally stopped vacillating and allowed his betters to take out Osama:”

And so shortly after taking office, I directed Leon Panetta, the director of the CIA, to make the killing or capture of bin Laden the top priority of our war against al Qaeda, even as we continued our broader efforts to disrupt, dismantle, and defeat his network.

Then, last August, after years of painstaking work by our intelligence community, I was briefed on a possible lead to bin Laden. It was far from certain, and it took many months to run this thread to ground. I met repeatedly with my national security team as we developed more information about the possibility that we had located bin Laden hiding within a compound deep inside of Pakistan. And finally, last week, I determined that we had enough intelligence to take action, and authorized an operation to get Osama bin Laden and bring him to justice.

Today, at my direction, the United States launched a targeted operation against that compound in Abbottabad, Pakistan.

Via Moon Battery

If Greece Exits, Here Is What Happens

“Now that the Greek exit is back to being topic #1 of discussion, just as it was back in the fall of 2011, and the media has been flooded by groundless speculation posited by journalists who have never used excel in their lives and are merely paid mouthpieces of bigger bank interests (long live access journalism and the book sales it facilitates), it is time to rewind to a step by step analysis of precisely what will happen in the moment before Greece announces the EMU exit, how the transition from pre to post occurs, and the aftermath of what said transition would entail, courtesy of one of the smarter minds out there, Citi’s Willem Buiter, who pontificated precisely on this topic last year, and whose thoughts he has graciously provided for all to read on his own website. Of course, take all of this with a huge grain of salt – these are observations by the chief economist of a bank which will likely be swept aside the second the EMU starts to post-Greece rumble.”

Via Zero Hedge

Categories: Debt, Economy

New French socialist president is a 1%er, owns 3 homes

Socialist Hollande owns three homes on the Riviera

“France’s new Socialist president owns three holiday homes in the Riviera resort of Cannes, it emerged today.

Francois Hollande, 57, who “dislikes the rich” and wants to revolutionise his country with high taxes and an onslaught against bankers, is in fact hugely wealthy himself.

His assets were published today in the Official Journal, the gazette which contains verified information about France’s government.

To the undoubted embarrassment of the most Left-wing leader in Europe, and a man who styles himself as “Mr Normal”, they are valued at almost £1 million.

It will also reinforce accusations that Hollande is a “gauche caviar”, or “Left-wing caviar” — the Gallic equivalent of a champagne Socialist.”

Via This is London

Categories: Uncategorized

Beach Boys Singer Bruce Johnston — ‘Wait till Obama Doesn’t Have to Try Anymore… You’re F-cked”

obama’s 2008 campaign tried to bribe Jeremiah Wright to shut up

The ‘bribe’ to silence Wright

“When sermons of Obama’s Chicago pastor, Jeremiah Wright, surfaced during the Iowa primaries, it threatened to derail Obama’s campaign. ABC aired one where Wright screamed, “Goddamn America!” Edward Klein interviewed Wright, who told him Obama’s team tried to buy his silence.

‘Man, the media ate me alive,” Wright told me when we met in his office at Chicago’s Kwame Nkrumah Academy. “After the media went ballistic on me, I received an e-mail offering me money not to preach at all until the November presidential election.”

“Who sent the e-mail?” I asked Wright.

“It was from one of Barack’s closest friends.”

“He offered you money?”

“Not directly,” Wright said. “He sent the offer to one of the members of the church, who sent it to me.”

“How much money did he offer you?”

“One hundred and fifty thousand dollars,” Wright said.”

Via NY Post

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