Thursday, July 29, 2010

Big Business bellyaching

http://money.cnn.com/2010/07/29/news/economy/business_vs_obama.fortune/index.htm?source=cnn_bin&hpt=Sbin

This article is full of sh*t. Trying to pretend big business doesn't like Obama. Trying to pretend Obama is hurting big business. Lies. All lies.

Big Business LOVES Obama. Obama loves big business.


"Verizon CEO Ivan Seidenberg addressed a lunchtime crowd gathered at a hotel in downtown Washington. "By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses,"

Yes yes..... Verizon is really struggling under Obama as their income surges. http://www.marketwatch.com/story/motorolas-quarterly-profit-surges-2010-07-29

But there is another, more personal reason for the souring. Obama's rhetoric on the stump, they say, has been overly broad and overly harsh in blaming big business for the nation's economic woes (Rightfully so). The charge has developed into a refrain. U.S. Chamber of Commerce president Tom Donohue said the administration's push to overhaul health care, and financial and oil regulations has left companies "demonized."

Business has been demonized. They deserve it. The economy is a mess because big business is stupid. But lets not pretend it has any effect of corporate Americans ability to hoard all the money.

Lets look at the record of Health care, Financial, and Oil.

Aetna up 42% http://www.modernhealthcare.com/article/20100728/NEWS/307289984

JP morgan up 76% http://www.marketwatch.com/story/jp-morgan-profit-up-76-as-loss-reserve-shrinks-2010-07-15

Exxon profit up 91% http://online.wsj.com/article/BT-CO-20100729-714687.html

Big business is doing great and there are still no jobs. Obama hasn't hurt big business at all.
When the unemployed consumer stops buying the government (these people complain about) rushes in with free bailouts and stimulus money. Corporate American doesn't miss a beat. Yet they still bellyache.


So f*ck them and their Obama is against us. Obama loves big business and vice versa. It is all just rhetoric. Meaningless rhetoric in an election year. Whether Republicans win (or Democrats win) the status quo always remains. Big business gets whatever they want all the time. If the only price is being demonized that is pretty meaningless. So stop all the whining.

Wednesday, July 28, 2010

Our Governments priorites need adjusting

http://www.cnn.com/2010/WORLD/asiapcf/07/28/afghanistan.wikileaks.suspect/
When China hacks the Pentagon nobody bats an eye. When China hacks the State department everyone shrugs their shoulders.. When China hacks the White house nobody thinks twice.

This guys leaks a bunch of harmless documents that amount to nothing more then the truth. Harms nobody. Strictly sheds light on what everyone already suspected to be true. The result is the full might of the government in going after him.

Why don't they leave this guy alone and go find Bin Laden. Go find out who in the Pakistan government keeps stabbing our troops in the back.

Go put this effort into something more productive. This countries priorities are so f*cked up.

Monday, July 26, 2010

Why we can't win in Afganistan

http://www.nytimes.com/2010/07/26/world/asia/26isi.html?_r=1&hp

“reports describe Pakistani intelligence working alongside Al Qaeda to plan attacks.”

“Pakistani military has acted as both ally and enemy, as its spy agency runs what American officials have long suspected is a double game — appeasing certain American demands for cooperation while angling to exert influence in Afghanistan through many of the same insurgent networks”

http://www.nytimes.com/2010/07/26/world/asia/26warlogs.html

The documents — some 92,000 reports spanning parts of two administrations from January 2004 through December 2009 — illustrate in mosaic detail why, after the United States has spent almost $300 billion on the war in Afghanistan, the Taliban are stronger than at any time since 2001.

The Taliban have used portable heat-seeking missiles against allied aircraft, a fact that has not been publicly disclosed by the military. (Where do they come from? Where does the money come from to purchase them? You don’t go to Home Depot and buy a heat seeking missiles. Some government is supplying them. As soon as we find out who it is we should bomb them)

The military employs more and more drone aircraft to survey the battlefield and strike targets in Afghanistan, although their performance is less impressive than officially portrayed. Some crash or collide, forcing American troops to undertake risky retrieval missions before the Taliban can claim the drone’s weaponry.

American military made misleading public statements — attributing the downing of a helicopter to conventional weapons instead of heat-seeking missiles or giving Afghans credit for missions carried out by Special Operations commandos.

The reports repeatedly describe instances when the insurgents have been seen wearing government uniforms, and other times when they have roamed the country or appeared for battle in the very Ford Ranger pickup trucks that the United States had provided the Afghan Army and police force.

Friday, July 23, 2010

Obama and Small Business

July 23rd and Obama is pushing to help small business hire people. He wants 30 billion (more) to lend to banks so they in turn lend to small businesses.
http://www.cnn.com/2010/POLITICS/07/23/obama.economy/

He already tried this 6 months ago and it didn't work. Then it was 33 billion for tax credits to hire people.

January 2010 Obama offers $5000.00 to any small business who hires someone.
http://money.cnn.com/2010/01/28/smallbusiness/obama_jobs_plan/index.htm

Didn't work.

Why does Obama spend so much time trying to get small business to hire people...... Because he knows full well that big business wants nothing to do with hiring Americans.

All his rich (and famous) CEO's are invited to all his fancy state dinners. They tell him straight up we aint hiring. If they are not in Bangalore you can forget it buddy. Now pass the caviar.

So Obama asks "well how can I get people working.... my approval ratings are in a tailspin" The filthy rich ceo's laugh (while smoking their cigars) and say "try to get small business to hire". " They aren't smart enough to go overseas. Keep throwing carrots at them".

And so he does. But like all his other plans it aint workin.

Instead of sippin Champaign with the titans of corporate America he needs to be dictating to them. But he doesn't have the guts to stand up to his campaign financers.

So round and round it goes. One failed bill after the next. Just keep throwing mud at the wall and hope something sticks.

1.6 Billion

http://online.wsj.com/article/SB10001424052748703294904575385120617510164.html

Executives at17 failed (bailed out) banks over paid their top executives 1,600,000,000.00 in compensation. That is outrageous.....

That money could have hired 32,000 people at $50,000 a year.

Still nobody goes to jail.

Thursday, July 22, 2010

The Great Recession is Just Beginning

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/21/AR2010072103052.html?hpid=opinionsbox1

"From the point of view of humanity, these nations' rise has been fantastic news. Hundreds of millions of people have been lifted from poverty" Tell that to the Foxcomm workers who keep jumping off the roof to their death. These workers are still very much in poverty. Slave labor is not something to be applauded.

But for workers in advanced countries, the wage strains were inevitable, as it became feasible to locate more work with low-cost (and, increasingly, high-quality) labor anywhere on the planet. High quality??? Does he mean like the lead paint covered toys? Or does he mean the tainted dog food. Or the tainted acetaminophen. Or the tainted tooth paste. Or the tainted sheet rock. Or the Dreamliner with the tail that might fall off. I am not seeing the quality that he is seeing. I am seeing cheap work done for cheap. Big deal.

U.S. elites simply don't think in terms of a national economic strategy I agree they could care less.

former Intel CEO Andy Grove argued in Bloomberg Business Week recently, it's not enough to do the product innovation in the United States; we need to do the manufacturing, too. That's the only way, Grove says, to gain the hands-on experience with products that leads to all subsequent innovations. Surrender the manufacturing and you lose this virtuous cycle -- a logic that leads Grove to call for protectionist measures if need be to make sure America keeps this innovation-to-manufacturing-to-good-jobs link here. Wow the former CEO of Intel agreeing with me. Protectionism is the answer. Ironic that Intel manufactures everything in China. Ironic that Intel has laid off thousands of American workers. I guess the key word is "former CEO". Now that he is no longer actively lining his own pockets he can state the truth. How nice.

Wednesday, July 21, 2010

Bernanke sees no end to Unemployment

http://www.nytimes.com/2010/07/22/business/22fed.html?src=mv

And neither do I.

The only difference is I have been saying it for years and Bernanke is just coming around to that conclusion now. Hey some people are slow.

Bernanke can no longer hide the fact that corporate America has no intention of hiring Americans. Not today, not tomorrow, not ever.

Bush's tax cuts failed. Obamas stimulus failed. There is nothing left for Bernanke to hide behind.

He can no longer say recovery is coming because everyone can now see the truth. Jobs are not coming and neither is the recovery. We are not in a cycle. The economy has been fundamentally broken by corporate American greed. There is nothing left for the government to do but pay endless unemployment and hope nobody notices.

http://www.guardian.co.uk/business/2009/feb/24/bernanke-congress-testimony

It is funny that in Feb 2009 Bernanke said recovery would be coming in 2010. Now we are in 2010 and he says it will be 2012 or later.
Know what I think? I think Bernanke doesn't know sh*t. That is what I think.

You know when the recovery will come? It will come when you go into the store and every item doesn't say made in China. It will come when a whole lot of products say Made In The USA. Since everyone knows that won't be happening everyone should also know a recovery isn't happening either.

Tuesday, July 20, 2010

Goldman Sachs Down 83%

http://www.google.com/hostednews/ap/article/ALeqM5iYl-ii10XLVrDJ3N876S8W35CwMQD9H2S1MG0

New York-based Goldman, considered the strongest of the big investment banks, said its trading revenue dropped 39 percent to $6.55 billion.

This is the result of Goldman Sachs customers learning about the "Sh*tty Deal" Goldman was selling them. Then placing bets (and getting rich) when the Sh*tty deal went bad. Investors aren't keen on those kind of practices.

http://www.inquisitr.com/71204/video-sen-levin-berates-goldman-execs-for-shitty-deal/

Don't cry too many tears for Goldman though. They are still filthy stinken rich. They will be just fine.

Monday, July 19, 2010

Lockerbie Bombing

July 2010 and everyone is upset about the PAN AM Bomber being released for oil. Well I was upset about this 4 months ago. Before it was fashionable.

http://www.nydailynews.com/news/world/2010/07/19/2010-07-19_british_prime_minister_cameron_to_tell_president_obama_release_of_lockerbie_bomb.html

What I posted back on March 26.

August 2009 http://www.thestar.com/news/world/article/685595

In August 2009 the Lockerbie Pan Am Bomber was released from prison because he had 3 months to live. He was released on "Compassionate Grounds". Even though when he blew 270 innocent people out of the sky in December 1988 he showed no compassion at all.

The release outraged the world who accused Britain of releasing him so they can obtain a lucrative oil deal with Libya.

Sept 2009 http://www.cnn.com/2009/WORLD/europe/09/05/libya.megrahi.britain/index.html

England scoffed and insisted the man was truly dying.

March 2010 http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/03/24/EDRO1CK4LE.DTL

Well here we are 7 months later and the murderer seems to have made a miraculous recovery from terminal cancer. Let the world rejoice that Libya has found the cure for Cancer.

So I guess it is official. The whole thing was Bullsh*t. If you have a lucrative oil deal feel free to kill 270 innocent people. There is no crime too heinous that tanker full of black gold can't forgive. This is a stain on England.

Chicago and guns

June 28th Supreme court overturns Chicago gun ban,
http://www.dailyfinance.com/story/supreme-court-overturns-chicago-handgun-ban/19533572/

The result....

July 19th Chicago police officer killed.
http://www.myfoxchicago.com/dpp/news/metro/michael-bailey-police-officer-killed-chicago-park-manor-20100719

july 17th, 2 dead 16 wounded in shootings all over Chicago. (Yay guns)
http://www.chicagobreakingnews.com/2010/07/1-dead-at-least-3-injured-in-overnight-shootings.html

July 7th Chicago cop shot and killed with his own gun. (Guns make people safer, clearly)
http://www.cnn.com/2010/CRIME/07/07/illinois.police.officer.killed/index.html


56% of Chicago residents want guns banned. I believe that is a majority. In a democracy is suppose to count for something. That is except when Republicans are on the Supreme court. Then it counts for nothing.
http://www.examiner.com/x-36226-Chicago-Headlines-Examiner~y2010m7d18-Trib-poll-56-of-Chicago-voters-support-Mayor-Daleys-gun-ban-stance

Thursday, July 15, 2010

Deadly Medicine from China

http://www.cnn.com/video/#/video/health/2010/07/14/sylvester.drugs.from.china.cnn?hpt=C2

Dreamliners Delay # 8 Trillion Coming Right Up.

As predictable as the Sun rising in the East.

http://blog.seattlepi.com/airlinereporter/archives/214691.asp

"It is unfortunate (He means predictable)that this announcement will have a lot of people complaining (yes sir) about the Boeing 787 being delayed again. We must all remember, this is the next generation of aircraft and it is extremely complex. Boeing used companies all over the globe to build this plane (Which is the problem)and it is important to make sure the aircraft is 100% ready (It isn't even close)before being delivered to airlines. If that takes a little bit longer (3 years and counting), I am alright with that (How about your shareholders). I rather the 787 Dreamliner be delayed a bit more (which of course it is going to be)than it pre-maturely gets delivered (no chance of that happening)before it is ready."

http://www.eglobaltravelnews.com.au/airline/boeing%E2%80%99s-787-dreamliner%E2%80%99s-delivery-schedule-on-track-despite-manufacturing-flaws.html

June 27 (18 Days ago) Dreamliner is on schedule. Liars....

JP Morgan Profit up 76%

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/15/AR2010071503021.html

Yes the big banks are doing just fantastic. Once the government bailed them out and got rid of half the competition it is clear skies.

http://www.marketwatch.com/story/us-foreclosure-filings-rise-8-in-first-half-2010-07-15?reflink=MW_news_stmp

Meanwhile back in the real world foreclosures continue on. Up 8%.

Wednesday, July 14, 2010

Obama Out Of Ideas

http://www.google.com/hostednews/ap/article/ALeqM5gjZcoCwMazySUlSK4MMvOfVvfkggD9GUSS881

Obama is out of ideas so he is turning to Bill Clinton to figure out what to do about all the jobs that don't exist. You remember Bill Clinton.... the guy who pushed through NAFTA which sent thousands of jobs to Mexico. Then he granted Communist Red China Most Favored Nation Status which opened the door to sending thousands of US jobs to China. Then he helped get China into the World Trade Organization making it even easier to send even more US jobs on a one way trip overseas.

Yes ask Bill Clinton what you should do. He has lots of great solutions.

Obama - Change you can believe in.

Tuesday, July 13, 2010

Trade Deficit unexpectedly Widens

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/13/AR2010071302582.html

Those pesky economists can't get anything right. They are as clueless as clueless gets.

The deficit was projected to narrow to $39 billion

"The gap expanded 4.8 percent to $42.3 billion" Hey they were only off by 3 billion dollars.

"Estimates of 72 economists surveyed by Bloomberg ranged from deficits of $37 billion to $41.5 billion." Even at the high end they were off by a billion dollars. You would think 1 out of 72 would get it right. These are genius economists after all. How can they all be wrong all the time. It is embarrassing. They should really just ask me. If they did none of this would ever be unexpected.

Friday, July 9, 2010

Cavs Cryin like a baby

http://www.nba.com/cavaliers/news/gilbert_letter_100708.html

I love how these Billionaire owners talk about loyalty. Please...... Where was the loyalty to their coach who won 61 games (most in the NBA) and got fired after they lost in the playoffs. I don't remember the cavs showing much loyalty to him. Sports is a business. When teams are done with players they cast them aside without thinking twice. When a player leaves ohhh the betrayal. Joe Montana won 4 Superbowls for the 49ers and he got traded. Shaq won 3 Championships for the Lakers and he was let go. Nobody cares. The Cavs need to grow up.

Having said that Lebron is an azz for makeing such spectacle. He is good but he has won nothing ever. So he needs to tone it down a bit. The media is equally to blame for the circus.

Thursday, July 8, 2010

More Tylenol Recalls

http://money.cnn.com/2010/07/08/news/companies/tylenol_recall/

"This is the fifth recall in nine months for New Brunswick, N.J.-based McNeil, which has drawn the wrath of the Food and Drug Administration for not reacting quickly to customer complaints."

What a joke!

Tuesday, July 6, 2010

Mag Light

http://www.msnbc.msn.com/id/38025260/ns/business-us_business/

Obama and Bush - Exactly the same

When Republicans are in power offshore drilling is great!

When Democrats are in power offshore drilling is great!

And everyone wonders why nothing ever changes.......

http://online.wsj.com/article/SB10001424052748704699604575342843359124882.html?mod=googlenews_wsj

"federal appeals court in Washington, D.C., which found that the government was unprepared for a major spill at sea, relying on an "irrational" environmental analysis of the risks of offshore drilling."

"Despite its pro-environment pledges, the Obama administration urged the court to revisit the decision."

"In his presidential campaign, President Obama criticized the Bush administration for being too soft on the oil industry and vowed to support greener energy forms."
"But, once in office, President Obama ended up backing offshore drilling, bowing to political and fiscal realties, even as his administration's own scientists and Democratic lawmakers warned about its risks."
"But the proposal kept much of the Bush plan intact, and even added for the first time new lease sales off the coast of Virginia"

"Salazar, and by extension Obama, have pursued the same offshore program as the Bush administration, even while playing a smoke-and-mirrors game,"

Obama - Change you can believe in.

Thursday, July 1, 2010

Microsoft = Failure

Microsoft falls on its face again.

http://www.pcworld.com/article/200258/why_microsofts_kin_phones_were_destined_to_fail.html?tk=hp_blg

I thought Microsoft was going to ride offshore outsourcing to new levels of prosperity. I thought they were going to get all the H1B visa holders they could find to ensure they have the best and brightest minds. What happened on the way to prosperity? They keep stumbling all over the place. One failure (Vista) after another . Apple is breaking records selling iphone s that have no reception while Microsoft can't get out of their own way. 6 weeks and bust. How embarrassing. Maybe Microsoft should rethink their devotion to India and rehire some of those unemployed Americans who made the company great. The current strategy has done nothing but drive the company from one ditch into the next.