How dare our new President tell the American public we are in a crisis? Doesn’t he know that the best tool any salesperson possesses is the power of positive thinking, to always look at the glass as half full and to put a positive outlook i.e. spin, on anything being sold?
Do capitalists and Wall Street, stuck in their Ivory Tower, think Americans don’t know things are bad, even after the layoffs, stagnating wages, crumbling home values and reeling stock portfolios. Has President Obama just shocked us like some naïve spouse who unveils the evidence of her/his cheating mate?
Haven’t we endured enough in 2008 of Wall Street analysts seeing through rose colored glasses telling us time and again that rebound is around the corner and we have just bottomed out, or that the fall is bound to pick up any day? Are we to listen to the Larry Kudlow’s of the world telling us not to panic on the “stimulating news” commodities haven’t fallen as much as in the past as reason to rejoice?
Perhaps we should adhere to the mind numbing positive self talk theory that’s allows us to walk around believing everything is wonderful because we want it to be so as we sit down for another dinner of Styrofoam we envision as filet mignon.
Here’s an idea: acknowledge the truth and identify the problem. Only then can we know what needs to be corrected and work on the solution.
However after eight years of a supply side economy that doubled the federal debt, outsourced American jobs for more favorable returns, and favored one class while forgetting about the rest, Republicans and Capitalist rather one didn’t look to hard at the root cause of the problem, choosing to continue playing upon the magical belief of keeping a stiff upper chin.
They want to stay the course and not upset the applecart that has benefited them, rather than facing the reality of what will need to be done – raising taxes, wage equity and treating Americans as if we are all created equal, one nation under God.
We’ve had enough of that; sometimes the fat lady has to stop singing and look in the mirror.
Tuesday, March 17, 2009
Santelli Polls Den of Thieves
It was pathetically hysterical to watch Rick Santelli poll the floor of the Stock Exchange, home of all those "year end" bonuses, creators of derivative shenanigans and ironically beneficiaries of government bailout of the industries with which they trade.
Perhaps Mr Santelli would be more convincing had he walked down Main Street and polled those people. The only point made by Santelli's impromptu unscientific poll is the division in economic classes in our country, and how what is good for the goose ain't necessarily good for others in Wall Street's Ivory Tower.
Perhaps Mr Santelli would be more convincing had he walked down Main Street and polled those people. The only point made by Santelli's impromptu unscientific poll is the division in economic classes in our country, and how what is good for the goose ain't necessarily good for others in Wall Street's Ivory Tower.
Bravo Bernie!
I am delighted with the Madoff case and have absoultely no sympathy for people who invested with this man because their greed clouded their judgment to put all their eggs in one basket.
Never did they question why they were getting 10% dividend and interest income when everyone else in America received less than 5%. This is a saga of the "have's" thinking they know better, are smarter and have better connections because they are above us all.
As the old saying goes, "birds of a feather flock together," and "like kinds attract." Bernie Madoff was the perfect medicine to people who thought they were better than the rest.
HE KNEW HE COULD TAKE ADVANTAGE OF THEM BECAUSE HE COULD PLAY UPON THEIR GREED, A PREREQUISITE FOR ANY CON ARTIST.
May they stew in it, and may Bernie get pardoned, because in factual situations murder and rape are far worse crimes, but in this capitalistic society we are indoctrinated to think other wise. Tell that to someone who lost a loved one recently, or from survivors of the holocaust who saw their loved ones starve and get slaughtered.
Enjoy the stew; everyone got what they deserved!
Never did they question why they were getting 10% dividend and interest income when everyone else in America received less than 5%. This is a saga of the "have's" thinking they know better, are smarter and have better connections because they are above us all.
As the old saying goes, "birds of a feather flock together," and "like kinds attract." Bernie Madoff was the perfect medicine to people who thought they were better than the rest.
HE KNEW HE COULD TAKE ADVANTAGE OF THEM BECAUSE HE COULD PLAY UPON THEIR GREED, A PREREQUISITE FOR ANY CON ARTIST.
May they stew in it, and may Bernie get pardoned, because in factual situations murder and rape are far worse crimes, but in this capitalistic society we are indoctrinated to think other wise. Tell that to someone who lost a loved one recently, or from survivors of the holocaust who saw their loved ones starve and get slaughtered.
Enjoy the stew; everyone got what they deserved!
Thursday, February 5, 2009
The Bonus Scam
Wall Street and Pure Capitalists, like Larry Kudlow, keep up the canard of "attracting and keeping" executives. This is a scam theory not backed by facts.
Under the law of supply and demand, the very theorems Capitalists aspire, the market is flooded with talented people competing against one another, and Investment Houses, thanks to CEO's fine (greedy) efforts are disappearing or already gone.
Reggie Jackson was replaced. If all the CEO's on Wall Street perished on 9/11, the economy wouldn't have come to a grinding halt. The threat that they will be attracted by “lured away” by other entities is a fallacy. These are not the best of times, thanks to their failed strategies of high risk investments with no regard and reckless abandon.
If the Working Class negotiates with one's boss, the salary ceiling would be the amount that a boss would no longer pay because he can get cheaper workers elsewhere.
This is the way all companies should act regardless of federal funds, but fairness smacks in the face of capitalism.
And still, we have grown men and women putting in a hard week’s work, some back breaking, for minimum wage. What a National Disgrace that has now come back to harm our economy since "disposable income" makes the economic wheel go round.
David DiBello
Under the law of supply and demand, the very theorems Capitalists aspire, the market is flooded with talented people competing against one another, and Investment Houses, thanks to CEO's fine (greedy) efforts are disappearing or already gone.
Reggie Jackson was replaced. If all the CEO's on Wall Street perished on 9/11, the economy wouldn't have come to a grinding halt. The threat that they will be attracted by “lured away” by other entities is a fallacy. These are not the best of times, thanks to their failed strategies of high risk investments with no regard and reckless abandon.
If the Working Class negotiates with one's boss, the salary ceiling would be the amount that a boss would no longer pay because he can get cheaper workers elsewhere.
This is the way all companies should act regardless of federal funds, but fairness smacks in the face of capitalism.
And still, we have grown men and women putting in a hard week’s work, some back breaking, for minimum wage. What a National Disgrace that has now come back to harm our economy since "disposable income" makes the economic wheel go round.
David DiBello
Tuesday, February 3, 2009
"Hero" Goes Up In Smoke
Once again dudes, we have an image of society defined "hero" Mike Phelps engaging in heroic behavior. This is because in a celebrity induced society we assign the "hero" tag to achievements that look cool and popular. Our values are shallow: is Mike Phelps fast swimmimg as cool as the sacrifce of men and women in the armed forces fighting for democracy and freedom? Is it as cool as the countless number of Americans who do their job everyday, many times at serious risk, to no applause?
Mike Phelps has put to risk his financial product endorsements with his stupid behavior. Will we be giving any of our Military, or Law Enforcement those multi million dollar endorsement contracts?
Here we have assigned "hero" to a fast swimmer, a sport that is one step above "bathing," except bathing has more long term benefits. Come to think of it, I solve scrabble problems very quickly. I might be a hero?
Mike Phelps has put to risk his financial product endorsements with his stupid behavior. Will we be giving any of our Military, or Law Enforcement those multi million dollar endorsement contracts?
Here we have assigned "hero" to a fast swimmer, a sport that is one step above "bathing," except bathing has more long term benefits. Come to think of it, I solve scrabble problems very quickly. I might be a hero?
Saturday, January 31, 2009
14 Babies at Whose Expense?
It is true that Government should not interfere or restrict one's free speech or ability to legally do as they please, so the woman suffering from Mia Farrow disease is entitled to inseminate herself for purpose of giving multiple births.
However, when this woman cannot afford to nurture these children, who will she turn to for financial relief? The American taxpayer by virtue of Medicaid, food stamps and other government assistance, whether the taxpayers want to pay or not. What happened to their free speech?
The Governor of California and state legislature will have to confront the problem of women having children who they cannot financially support, and thus have the resources capable of nurturing them. The ethical issue will then be raised that only wealthy people can have as many children as they want (which has always been: having children to the point that one can afford), yet ignoring that these children will become wards of the state, or burdens to taxpayers.
A similar analogy is motorcyclists who refuse to wear helmets when riding, claiming "let those who ride...decide." When they have severe head trauma after an accident and don't have health coverage, who pays? The US Taxpayer, suppressing their free speech rights.
There is the suspicion this woman, who has made herself into a baby making machine (remember when women hated that image?) did this for the purpose of selling children, white babies in high demand due to low supply.
It seems while we all have first amendment rights, such a privilege comes with responsibility, and it has now come time that Government regulate ethics and respect.
David DiBello
However, when this woman cannot afford to nurture these children, who will she turn to for financial relief? The American taxpayer by virtue of Medicaid, food stamps and other government assistance, whether the taxpayers want to pay or not. What happened to their free speech?
The Governor of California and state legislature will have to confront the problem of women having children who they cannot financially support, and thus have the resources capable of nurturing them. The ethical issue will then be raised that only wealthy people can have as many children as they want (which has always been: having children to the point that one can afford), yet ignoring that these children will become wards of the state, or burdens to taxpayers.
A similar analogy is motorcyclists who refuse to wear helmets when riding, claiming "let those who ride...decide." When they have severe head trauma after an accident and don't have health coverage, who pays? The US Taxpayer, suppressing their free speech rights.
There is the suspicion this woman, who has made herself into a baby making machine (remember when women hated that image?) did this for the purpose of selling children, white babies in high demand due to low supply.
It seems while we all have first amendment rights, such a privilege comes with responsibility, and it has now come time that Government regulate ethics and respect.
David DiBello
Fox News, CNBC Spin
While most major news outlets have reported the worst quarterly GDP figures in 27 years, both Fox News and CNBC, for whom Big Business and the Market are their livelihood and passion, ”optimistically” viewed the results saying the 3.8% drop was far less than expected.
This is what’s seen as good news these days: the bad news isn’t that bad. It’s like saying to someone who just had one of their two cars stolen, “be happy both cars weren’t stolen!” Fortunately one astute voice on CNBC, Dylan Ratigan acknowledged the market ups and downs, and undefined bottom, exists because Wall Street sees no concrete “reason to rally.”
I am reminded of Elton John’s song “Mona Lisa and Mad Hatters,” which said “sons of bankers, sons of lawyers, turn around and say “Good Morning” to the night, for unless they see the sky, but they can’t and that is why, they know not if its dark outside or light.”
Fox News and CNBC resort to propaganda to paint a pretty picture due to self interest, all the while turning a deaf ear to the concerns and reality on Main Street, where the solution lies.
David DiBello
This is what’s seen as good news these days: the bad news isn’t that bad. It’s like saying to someone who just had one of their two cars stolen, “be happy both cars weren’t stolen!” Fortunately one astute voice on CNBC, Dylan Ratigan acknowledged the market ups and downs, and undefined bottom, exists because Wall Street sees no concrete “reason to rally.”
I am reminded of Elton John’s song “Mona Lisa and Mad Hatters,” which said “sons of bankers, sons of lawyers, turn around and say “Good Morning” to the night, for unless they see the sky, but they can’t and that is why, they know not if its dark outside or light.”
Fox News and CNBC resort to propaganda to paint a pretty picture due to self interest, all the while turning a deaf ear to the concerns and reality on Main Street, where the solution lies.
David DiBello
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