Science fiction writer Ben Bova wrote:
The most prescient — and chilling — of all the science fiction stories ever written, though, is “The Marching Morons,” by Cyril M. Kornbluth, first published in 1951. It should be required reading in every school on Earth.

The point that Kornbluth makes is simple, and scary: dumbbells have more children than geniuses. In “The Marching Morons” he carries that idea to its extreme, but logical, conclusion.

Kornbluth tells of a future world that is overrun with dummies: men and women who don’t know anything beyond their own shallow personal interests. They don’t know how their society works, or who is running it. All they care about is their personal — and immediate — gratification.

A comedy with similar reference....Watch the trailer......click me


Friday, April 23, 2010

GM Pays Back Government Loans in Full

Ya baby...... now we're talkin recovery.

General Motors Company Chairman and CEO Ed Whitacre today announced that GM has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, paying back its government loans in full, ahead of schedule.
Fanfrickintastic........ and that's with a $4.3 BILLION first quarter loss to boot.

“GM is able to repay the taxpayers in full, with interest, ahead of schedule, because more customers are buying vehicles like the Chevrolet Malibu and Buick LaCrosse we build here in Fairfax,” said Whitacre. “We are now building some of the best cars, trucks, and crossovers we have ever built, and customers are taking note. Our dealers are increasing their sales, we are investing in our plants, and we are restoring and creating jobs.”
So junk those cars with sticky gas pedals and that slide when going around corners and buy a Government Motors quality built vehicle.

Oh........ for those that are questioning where they got the money to pay back taxpayers while posting a $4.3 billion dollar loss........

GM Repaid TARP Loans With TARP Money

“The repayment dollars haven’t come from GM selling cars but, instead, from a TARP account at the Treasury Department.”

Grassley pointed to the most recent quarterly report from Neil Barofsky, the special inspector general for TARP. 

Barofsky testified before the Senate Finance Committee this week that the funds GM used to repay its TARP debt are not coming from GM earnings.

“Instead, GM seems to be using TARP funds from an escrow account at Treasury to make the debt repayments,” Grassley said. The senator noted that according to Barafsky's testimony, "Treasury had supervisory authority over GM’s use of these TARP escrow funds."


Smoke and mirrors once again.

Sunday, April 18, 2010

Friday, April 16, 2010

Tea Party Teabaggers

What the hell is going on? When the Tea party first started making headlines, I was like, About Time.



Ya.....Let's Cut Spending!!!!!!!!

But then....... enter Sarah Palin and the republican party. They have taken the Tea Party movement, that was neither republican nor democrat,  and transformed it into a Let's bash the Dems movement.


I wonder if any of these tea baggers realize we have over 700 military bases spread out in nearly every nation on this planet. Are they collecting an unemployment check? Do they want to attack Iran? Expect their gov to keep them safe, healthy, educated.......etc.


It looks like this one even mentions Acorn. Are they for the Wall Street bailout? Must be cuz I don't see a Goldman Sachs fucked us sign.

Those running the show want this big time. They back the democratic party, they back the republican party...... the tea party and every other party. Why? It's a distraction. The last thing they want is a unified, a collective party that would expose those in charge. Like in the Wizard of Oz when Toto exposes the Wizard behind the curtain.
People have a hard time connecting spending with taxation. Until we cut spending, taxes must go up in order to pay for the shit that we are told we need.
That's not a republican, democrat nor a tea party issue....... that's an American issue. We must cut across the board....... do we really need 700 bases? Study frogs? Land on an asteroid? Make sure every one owns a home?

The tea party has made many question our gov motives,  but it's too bad it has become a republicans vs democrats thing.
Cutting taxes means cutting spending. It won't be easy because we currently spend twice as much as we take in.

Sunday, April 11, 2010

Friday, April 9, 2010

Gotta Blame Someone

This jackass was on the Today Show with his attorney. They have already reached a settlement with the driver of the car and is suing the MTA for his stupidity saying the bus driver shouldn't have dropped him off there.
Unreal.
"Uhmmmm ya, then I'm gonna sue my mom for not teachin me ta look both ways before crossin the street"






I am so sick and tired of people who have to blame others for their own actions.

Wednesday, April 7, 2010

America: The Grim Truth

This is how I've felt about the US for many years now. I just couldn't put it into words.
From Scott.net


Americans, I have some bad news for you:
You have the worst quality of life in the developed world – by a wide margin.
If you had any idea of how people really lived in Western Europe, Australia, New Zealand, Canada and many parts of Asia, you’d be rioting in the streets calling for a better life. In fact, the average Australian or Singaporean taxi driver has a much better standard of living than the typical American white-collar worker.
I know this because I am an American, and I escaped from the prison you call home.
I have lived all around the world, in wealthy countries and poor ones, and there is only one country I would never consider living in again: The United States of America. The mere thought of it fills me with dread.
Consider this: you are the only people in the developed world without a single-payer health system. Everyone in Western Europe, Japan, Canada, Australia, Singapore and New Zealand has a single-payer system. If they get sick, they can devote all their energies to getting well. If you get sick, you have to battle two things at once: your illness and the fear of financial ruin. Millions of Americans go bankrupt every year due to medical bills, and tens of thousands die each year because they have no insurance or insufficient insurance. And don’t believe for a second that rot about America having the world’s best medical care or the shortest waiting lists: I’ve been to hospitals in Australia, New Zealand, Europe, Singapore, and Thailand, and every one was better than the “good” hospital I used to go to back home. The waits were shorter, the facilities more comfortable, and the doctors just as good.
This is ironic, because you need a good health system more than anyone else in the world. Why? Because your lifestyle is almost designed to make you sick.
Let’s start with your diet: Much of the beef you eat has been exposed to fecal matter in processing. Your chicken is contaminated with salmonella. Your stock animals and poultry are pumped full of growth hormones and antibiotics. In most other countries, the government would act to protect consumers from this sort of thing; in the United States, the government is bought off by industry to prevent any effective regulations or inspections. In a few years, the majority of all the produce for sale in the United States will be from genetically modified crops, thanks to the cozy relationship between Monsanto Corporation and the United States government. Worse still, due to the vast quantities of high-fructose corn syrup Americans consume, fully one-third of children born in the United States today will be diagnosed with Type 2 diabetes at some point in their lives.
Of course, it’s not just the food that’s killing you, it’s the drugs. If you show any sign of life when you’re young, they’ll put you on Ritalin. Then, when you get old enough to take a good look around, you’ll get depressed, so they’ll give you Prozac. If you’re a man, this will render you chemically impotent, so you’ll need Viagra to get it up. Meanwhile, your steady diet of trans-fat-laden food is guaranteed to give you high cholesterol, so you’ll get a prescription for Lipitor. Finally, at the end of the day, you’ll lay awake at night worrying about losing your health plan, so you’ll need Lunesta to go to sleep.
With a diet guaranteed to make you sick and a health system designed to make sure you stay that way, what you really need is a long vacation somewhere. Unfortunately, you probably can’t take one. I’ll let you in on little secret: if you go to the beaches of Thailand, the mountains of Nepal, or the coral reefs of Australia, you’ll probably be the only American in sight. And you’ll be surrounded crowds of happy Germans, French, Italians, Israelis, Scandinavians and wealthy Asians. Why? Because they’re paid well enough to afford to visit these places AND they can take vacations long enough to do so. Even if you could scrape together enough money to go to one of these incredible places, by the time you recovered from your jetlag, it would time to get on a plane and rush back to your job.
If you think I’m making this up, check the stats on average annual vacation days by country:
Finland: 44
Italy: 42
France: 39
Germany: 35
UK: 25
Japan: 18
USA: 12
The fact is, they work you like dogs in the United States. This should come as no surprise: the United States never got away from the plantation/sweat shop labor model and any real labor movement was brutally suppressed. Unless you happen to be a member of the ownership class, your options are pretty much limited to barely surviving on service-sector wages or playing musical chairs for a spot in a cubicle (a spot that will be outsourced to India next week anyway). The very best you can hope for is to get a professional degree and then milk the system for a slice of the middle-class pie. And even those who claw their way into the middle class are but one illness or job loss away from poverty. Your jobs aren’t secure. Your company has no loyalty to you. They’ll play you off against your coworkers for as long as it suits them, then they’ll get rid of you.
Of course, you don’t have any choice in the matter: the system is designed this way. In most countries in the developed world, higher education is either free or heavily subsidized; in the United States, a university degree can set you back over US$100,000. Thus, you enter the working world with a crushing debt. Forget about taking a year off to travel the world and find yourself – you’ve got to start working or watch your credit rating plummet.
If you’re “lucky,” you might even land a job good enough to qualify you for a home loan. And then you’ll spend half your working life just paying the interest on the loan – welcome to the world of American debt slavery. America has the illusion of great wealth because there’s a lot of “stuff” around, but who really owns it? In real terms, the average American is poorer than the poorest ghetto dweller in Manila, because at least they have no debts. If they want to pack up and leave, they can; if you want to leave, you can’t, because you’ve got debts to pay.
All this begs the question: Why would anyone put up with this? Ask any American and you’ll get the same answer: because America is the freest country on earth. If you believe this, I’ve got some more bad news for you: America is actually among the least free countries on earth. Your piss is tested, your emails and phone calls are monitored, your medical records are gathered, and you are never more than one stray comment away from writhing on the ground with two Taser prongs in your ass.
And that’s just physical freedom. Mentally, you are truly imprisoned. You don’t even know the degree to which you are tormented by fears of medical bankruptcy, job loss, homelessness and violent crime because you’ve never lived in a country where there is no need to worry about such things.
But it goes much deeper than mere surveillance and anxiety. The fact is, you are not free because your country has been taken over and occupied by another government. Fully 70% of your tax dollars go to the Pentagon, and the Pentagon is the real government of the United States. You are required under pain of death to pay taxes to this occupying government. If you’re from the less fortunate classes, you are also required to serve and die in their endless wars, or send your sons and daughters to do so. You have no choice in the matter: there is a socio-economic draft system in the United States that provides a steady stream of cannon fodder for the military.
If you call a life of surveillance, anxiety and ceaseless toil in the service of a government you didn’t elect “freedom,” then you and I have a very different idea of what that word means.
If there was some chance that the country could be changed, there might be reason for hope. But can you honestly look around and conclude that anything is going to change? Where would the change come from? The people? Take a good look at your compatriots: the working class in the United States has been brutally propagandized by jackals like Rush Limbaugh, Bill O’Reilly and Sean Hannity. Members of the working class have been taught to lick the boots of their masters and then bend over for another kick in the ass. They’ve got these people so well trained that they’ll take up arms against the other half of the working class as soon as their masters give the word.
If the people cannot make a change, how about the media? Not a chance. From Fox News to the New York Times, the mass media in the United States is nothing but the public relations wing of the corporatocracy, primarily the military industrial complex. At least the citizens of the former Soviet Union knew that their news was bullshit. In America, you grow up thinking you’ve got a free media, which makes the propaganda doubly effective. If you don’t think American media is mere corporate propaganda, ask yourself the following question: have you ever heard a major American news outlet suggest that the country could fund a single-payer health system by cutting military spending?
If change can’t come from the people or the media, the only other potential source of change would be the politicians. Unfortunately, the American political process is among the most corrupt in the world. In every country on earth, one expects politicians to take bribes from the rich. But this generally happens in secret, behind the closed doors of their elite clubs. In the United States, this sort of political corruption is done in broad daylight, as part of legal, accepted, standard operating procedure. In the United States, they merely call these bribes campaign donations, political action committees and lobbyists. One can no more expect the politicians to change this system than one can expect a man to take an axe and chop his own legs out from underneath him.
No, the United States of America is not going to change for the better. The only change will be for the worse. And when I say worse, I mean much worse. As we speak, the economic system that sustained the country during the post-war years is collapsing. The United States maxed out its “credit card” sometime in 2008 and now its lenders, starting with China, are in the process of laying the foundations for a new monetary system to replace the Anglo-American “petro-dollar” system. As soon as there is a viable alternative to the US dollar, the greenback will sink like a stone.
While the United States was running up crushing levels of debt, it was also busy shipping its manufacturing jobs and white-collar jobs overseas, and letting its infrastructure fall to pieces. Meanwhile, Asian and European countries were investing in education, infrastructure and raw materials. Even if the United States tried to rebuild a real economy (as opposed to a service/financial economy) do think American workers would ever be able to compete with the workers of China or Europe? Have you ever seen a Japanese or German factory? Have you ever met a Singaporean or Chinese worker?
There are only two possible futures facing the United States, and neither one is pretty. The best case is a slow but orderly decline – essentially a continuation of what’s been happening for the last two decades. Wages will drop, unemployment will rise, Medicare and Social Security benefits will be slashed, the currency will decline in value, and the disparity of wealth will spiral out of control until the United States starts to resemble Mexico or the Philippines – tiny islands of wealth surrounded by great poverty (the country is already halfway there).
Equally likely is a sudden collapse, perhaps brought about by a rapid flight from the US dollar by creditor nations like China, Japan, Korea and the OPEC nations. A related possibility would be a default by the United States government on its vast debt. One look at the financial balance sheet of the US government should convince you how likely this is: governmental spending is skyrocketing and tax receipts are plummeting – something has to give. If either of these scenarios plays out, the resulting depression will make the present recession look like a walk in the park.
Whether the collapse is gradual or gut-wrenchingly sudden, the results will be chaos, civil strife and fascism. Let’s face it: the United States is like the former Yugoslavia – a collection of mutually antagonistic cultures united in name only. You’ve got your own version of the Taliban: right-wing Christian fundamentalists who actively loathe the idea of secular Constitutional government. You’ve got a vast intellectual underclass that has spent the last few decades soaking up Fox News and talk radio propaganda, eager to blame the collapse on Democrats, gays and immigrants. You’ve got a ruthless ownership class that will use all the means at its disposal to protect its wealth from the starving masses.
On top of all that you’ve got vast factory farms, sprawling suburbs and a truck-based shipping system, all of it entirely dependent on oil that is about to become completely unaffordable. And you’ve got guns. Lots of guns. In short: the United States is about to become a very unwholesome place to be.
Right now, the government is building fences and walls along its northern and southern borders. Right now, the government is working on a national ID system (soon to be fitted with biometric features). Right now, the government is building a surveillance state so extensive that they will be able to follow your every move, online, in the street and across borders. If you think this is just to protect you from “terrorists,” then you’re sadly mistaken. Once the shit really hits the fan, do you really think you’ll just be able to jump into the old station wagon, drive across the Canadian border and spend the rest of your days fishing and drinking Molson? No, the government is going to lock the place down. They don’t want their tax base escaping. They don’t want their “recruits” escaping. They don’t want YOU escaping.
I am not writing this to scare you. I write this to you as a friend. If you are able to read and understand what I’ve written here, then you are a member of a small minority in the United States. You are a minority in a country that has no place for you.
So what should you do?
You should leave the United States of America.
If you’re young, you’ve got plenty of choices: you can teach English in the Middle East, Asia or Europe. Or you can go to university or graduate school abroad and start building skills that will qualify you for a work visa. If you’ve already got some real work skills, you can apply to emigrate to any number of countries as a skilled immigrant. If you are older and you’ve got some savings, you can retire to a place like Costa Rica or the Philippines. If you can’t qualify for a work, student or retirement visa, don’t let that stop you – travel on a tourist visa to a country that appeals to you and talk to the expats you meet there. Whatever you do, go speak to an immigration lawyer as soon as you can. Find out exactly how to get on a path that will lead to permanent residence and eventually citizenship in the country of your choice.
You will not be alone. There are millions of Americans just like me living outside the United States. Living lives much more fulfilling, peaceful, free and abundant than we ever could have attained back home. Some of us happened upon these lives by accident – we tried a year abroad and found that we liked it – others made a conscious decision to pack up and leave for good. You’ll find us in Canada, all over Europe, in many parts of Asia, in Australia and New Zealand, and in most other countries of the globe. Do we miss our friends and family? Yes. Do we occasionally miss aspects of our former country? Yes. Do we plan on ever living again in the United States? Never. And those of us with permanent residence or citizenship can sponsor family members from back home for long-term visas in our adopted countries.
In closing, I want to remind you of something: unless you are an American Indian or a descendant of slaves, at some point your ancestors chose to leave their homeland in search of a better life. They weren’t traitors and they weren’t bad people, they just wanted a better life for themselves and their families. Isn’t it time that you continue their journey?

Dylan Ratigan Discusses The Great Financial Con Job With Alan Grayson And Bill Fleckenstein

A great job by Ratigan.
Unlike the Limbaugh, Beck and the Hannity bozo's who find a need to put the blame on Dems, Acorn, Gays, Immigrants or black people that took out subprime loans ......... Dylan puts the blame where the blame should go and leaves the politics out.
3 or 4 years too late, but at least now folks have someone on the MSM that doesn't put that much of a spin on it.


WTF?

Wake the fuck up people. Wake up.




Israeli girls sign bombs before they are dropped on girls who live in Lebanon.




Can't wait till we give Israel The Lockheed Martin F-35 Lightning II to play with.


Lockheed Martin F-35 Lightning II the US Defense Department notified Congress of plans to sell up to 75 jets to Israel in a $ 5 to 15.2 billion deal for the aircraft. A contract is expected to be signed by Israel before 2009 will end (Israel will begin receiving the aircraft in 2013-2014), after the Pentagon agreed to an integration of Israeli electronic warfare systems into the plane as well as integration of Israeli communication systems, and ability to independently maintain the plane in the event of a technical or structural problem. The deal includes 50 Short-Take-Off and Vertical-Landing jets. Modifications of the JSF could provide the aircraft with nuclear strike capabilities.

Is there anyone out there that still questions who is running the USA?

Fed's Bernanke sounds upbeat note about economy

Chairman of the Federal Reserve says conditions would continue to improve and be strong enough
to slowly reduce the unemployment rate.

Why? Why do we even give this douche bag the time of day?

Lets go back in time just a tad............

7/1/05  – Interview with CNBC
“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”

2/15/07Semiannual Monetary Policy Report to the Congress
“Despite the ongoing adjustments in the housing sector, overall economic prospects for households remain good. Household finances appear generally solid, and delinquency rates on most types of consumer loans and residential mortgages remain low.”


3/28/07Testimony before the Joint Economic Committee
“At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”


1/10/08Q&A after speech
“The Federal Reserve is not currently forecasting a recession.”


6/10/08Boston Federal Reserve’s 52nd annual economic conference
“The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.”

 And my all time favorite.........
7/18/08Remarks to the House Financial Services Committee
“The GSEs are adequately capitalized. They are in no danger of failing.”
LOL........and two freakin months later taxpayers have to take over Fannie & Freddie.........unbelievable.
If they were "Adequately Capitalized" .......then why the fuck do taxpayers have to back them?
Hang this bastard. This is pure fraud.

Tuesday, April 6, 2010

What The Top U.S. Companies Pay In Taxes

HOUSTON -As you work on your taxes this month, here's something to raise your hackles: Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do--that is, if they pay taxes at all.


The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.


Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.


How did this happen? It's complicated. GE's tax return is the largest the IRS deals with each year--some 24,000 pages if printed out. Its annual report filed with the Securities and Exchange Commission weighs in at more than 700 pages.


Inside you'll find that GE in effect consists of two divisions: General Electric Capital and everything else. The everything else--maker of engines, power plants, TV shows and the like--would have paid a 22% tax rate if it was a standalone company.


It's GE Capital that keeps the overall tax bill so low. Over the last two years, GE Capital has displayed an uncanny ability to lose lots of money in the U.S. (posting a $6.5 billion loss in 2009), and make lots of money overseas (a $4.3 billion gain). Not only do the U.S. losses balance out the overseas gains, but GE can defer taxes on that overseas income indefinitely. The timing of big deductions for depreciation in GE Capital's equipment leasing business also provides a tax benefit, as will loan losses left over from the credit crunch.


Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. Exxon has tens of billions in earnings permanently reinvested overseas. Likewise, GE has $84 billion in overseas income parked indefinitely outside the U.S.
Though Exxon's financial statement's don't show any net income tax liability owed to Uncle Sam, a company spokesman insists that once its final tax bill is figured, Exxon will owe a "substantial 2009 tax liability." How substantial? "That's not something we're required to disclose, nor do we." 

More........ 

 

Most Americans Say Now Is Time to Buy a House: Poll

Boy was I wrong........I feel like an idiot.


The 64 percent that said it is a good time to buy is just shy of the 66 percent that said the same thing in 2003 as the U.S. housing market was racing higher, said the survey.
         http://www.cnbc.com/id/36192494

 So.... the market is gonna race higher?
Nearly two-thirds of Americans think the time is right to buy a house, with a majority believing prices will be the same or higher over the next year, according to a Fannie Mae survey released Tuesday.
 What does "Supply and Demand" mean? Will mortgage rates move lower or higher?

However, most of the 3,451 polled said that it would be tougher for them to get a loan than it was for their parents.
Ahhhhhhhh fuck......  ya mean if I want ta buy a house I need a job? I need money to put down? No teaser loans?

So if Goldman Sachs, Lehman, Bear Stearns.......... to mention a few, can no longer package up these MBS's into cute little derivatives that their friends at Moody's, Fitch, and S&P stamp investment grade and their buds at AIG, Ambac or MBIA insure against default........... then who will?

Who the hell is gonna buy the mortgages?
Fannie & Freddie?   (bankrupt)
China?                      (has enough)
Pension Funds?         (bankrupt)
Federal Reserve?       (bankrupt)

Housing prices will have downward pressures for decades to come.