Exxon Profits Up 41%

http://www.reuters.com/article/2011/07/28/us-exxonmobil-idUSTRE76R2OT20110728?feedType=RSS&feedName=topNews&rpc=71

No recession in the oil industry. 10.68 BILLION Dollars of profit (in the second quarter). And the analysts are disappointed.

The government is about to default on our debt and Republicans refuse to raise taxes on the oil industry. Raising taxes will kill the economy the Republicans say. BUT when Exxon raises taxes the Republicans have no issue whatsoever. That is just capitalism.

Next week if old people don't get their social security checks that is fine with Republicans. If military families don't get a paycheck that is also fine. If interest rates go up on mortgages (forcing even more foreclosures) that is fine. If credit card interest rates skyrocket all because the credit rating of the USA is downgraded that is not a problem for Republicans.

It is all fine except raising taxes on Exxon Mobil and the other members of the oil cartel. That will never happen as long as Republicans are breathing. Oil companies and Billionaires are priority #1.

http://articles.latimes.com/2011/may/17/nation/la-na-senate-oil-20110518

Gang Of Six - Day 2

http://www.cnn.com/2011/POLITICS/07/20/congress.curbs.six.plan/index.html?hpt=hp_t1

People must be reading my emails because today people are no longer excited about the gang of 6 plan. I wasn't excited about it yesterday. Takes the rest of the world a little bit longer to figure it all out.

Every plan sounds awesome until you actually read what it is saying. Then not so much.

This great 'Gang of Six' would save $4 trillion over 10 years," Rep. Peter DeFazio, a liberal Democrat from Oregon, said sarcastically. "Seniors will pay more. Working people will pay more. Veterans will pay more. Rich people not so much."

Exactly how I stated it yesterday.

Gang Of Six

http://www.forbes.com/feeds/ap/2011/07/19/general-us-debt-showdown-gang-of-six_8573053.html

Their solution to fix the Deficit is to F*ck people on Social Security. F*ck people on Medicare. F*ck the middle class.

While at the same time giving MORE tax cuts to the super rich. Somehow more tax cuts for the rich is going to fix the problem. Even though it didn't fix it in 2001, of 2003 or 2010.

The plan would -

It would curb the growth of Social Security benefits by moving to a lower inflation adjustment for annual cost-of-living updates.

So when Exxon raises the price of gas from $2.80 to $4.11 which causes the price of everything to go up your social security check isn't going to keep pace. Sorry old people....... F*ck you says your government......

The tax reform outline would set up three income tax rates: a bottom rate of 8-12 percent; a middle rate of 14-22 percent and top rate of 23-29 percent to replace the current system that has a bottom rate of 10 percent, with five additional rates topping out at 35 percent.

So the Super rich who are currently paying 35% (Used to be 38%) will now only have to pay 23%. That means even less money for the government. More money for the rich people. Somehow that is going to fix the deficit. Making rich people pay less taxes while poor (and old people) pay more will make all the problems go away. That is what they said in 2001, 2003, and 2010. It has been wrong everytime so hey lets keep doing it. Rich people need to be more rich.

It would reduce but not eliminate tax breaks on mortgage interest, higher-cost health plans, charitable deductions, retirement savings and tax credits for families with children.

Time to F*ck the middle class some more....... You currently deduct your mortgage interest. Sorry not going to be doing that anymore b*tches. You currently deduct your 401K contributions...... Sorry you are not going to be doing that anymore b*tches. You currently deduct your kids.... Sorry....no more b*tches. The middle class is going to take it in the AZZ!!!!!!!

Everyone in Washington thinks that is just great.

Pentagon Hacked - AGAIN

http://www.pcworld.com/article/235816/24000_pentagon_files_stolen_in_major_cyberattack.html

The Department of Defense says it was hit by a cyberattack (AGAIN) by a "foreign intelligence service" (CHINA) that managed to pilfer 24,000 sensitive files. (Thanks Bill Gates)

Department of Defense's new "Strategy for Operating in Cyberspace"

Employ new defense operating concepts to protect DoD networks and systems. Translation - Get rid of Microsoft.

Lynn also noted that, over the past few years, "all manner of data has been stolen," from the mundane to the incredibly sensitive, including "aircraft avionics, surveillance technologies, satellite communications systems, and network security protocols" by "foreign intruders (China) from corporate networks of defense companies."

Painting himself into a corner‏

http://www.cbsnews.com/8301-503544_162-20078766-503544.html

On Tuesday Mitch McConnell said there will be no real change until Obama is gone.


http://www.cbsnews.com/stories/2011/07/14/politics/main20079379.shtml

So on Thursday Obama said if you don't agree with me I may be gone.

So if the Republicans want him to be gone. And Obama says he might be gone if Republicans don't agree with him. Why would the Republicans agree with him?

Seems to me that is a pretty dumb stance to take. Not that I am surprised.