Archive for November 2008
Just where are we going to increase industrial production? China? We gave our industry away, remember? Heh heh
Of course we can always take over a small oil producing country. I’m ready.
America’s national output plunged for four straight years, 1930-1933, with a total drop in dollar value of some 50%, because of a combination of lower volume and falling prices (deflation).
The massive federal spending of Franklin D. Roosevelt’s New Deal caused the gross domestic product (GDP) to rise from 1934 through 1937. Then the nation was shocked by a severe relapse (the “Roosevelt Recession”) that saw national production fall in 1938. The Great Depression was finally ended not by the New Deal, but by rising U.S. industrial output in 1940-1941 to aid our allies in Europe, under assault by Adolf Hitler.
Oil exploded in price in the 70’s under Carter. Destroying the economy and his presidency. He hired Paul Volker(yes that him in the news on Ob’s team) who raised interest rates to 16 % or so and cleaned out the bankrupt assets from the American economic system. Giving us the “great orator” Reagan presidency with it.
Oil exploded in price this year and is taking the economy with it. Same medicine will be necessary to save our sorry asses. Now or later. The damage has to be limited. No one can duck the consequences of unsupported credit expansion. Eventually you run out of suckers to buy your debt.
Guess what Obama has to do?
As Ive been saying for years we need to take over a small oil producing country to stave off the Depression. Not much else a broken poorly run empire can do. This was planned years ago and executed in Iraq. Probably time to do it again after OB plays Jimmy Carter and inspires everybody with his soaring rhetoric. And hires the Clinton gang to institute “change.”
By the way, all you have to do is pay attention to what the elite are telling each other. Not that anyone pays attention to these people talking to each other. Only their speeches for the masses are covered by the Corporate media.
Anyways Cheney ran Haliburton the oil service company. Read what he was saying right after gaining office as VP:
A report commissioned by Cheney and released in April 2001 was no less disturbing:
The most significant difference between now and a decade ago is the extraordinarily rapid erosion of spare capacities at critical segments of energy chains. Today, shortfalls appear to be endemic. Among the most extraordinary of these losses of spare capacity is in the oil arena. Source
In light of this information, Cheney knew the only way for Western oil majors to stay oil majors was to use force to grab what’s left in the Middle East and then give the contracts to pump that oil to the oil majors. Four years after the invasion of Iraq, this is exactly what is happening. U.K. Independent journalist Geoffrey Lean explains:
“So where is this oil going to come from?” Cheney asked His answer: the Middle East was “where the prize ultimately lies”.
Just wait until the food runs out.
Wal-Mart worker dies after crowd rushes store
Shoppers knocked him over, ‘physically broke down doors,’ police say
Wal-Mart employee dies
Nov. 28: A worker at a Wal-Mart on Long Island died after being trampled by a crowd. MSNBC’s Contessa Brewer reports.
A family rescue mission
Nov. 28: TODAY’s Max Paul reports on how his aunt is trying to help Haiti and its people recover after devastating hurricanes.
‘Riverdance’ takes over the Bronx
Talkin’ turkey at the White House
Obama-mania manifest during school visit
Economy cuts into holiday travel
Economy in Turmoil
Gut Check America
What should be atop Barack Obama’s “to do” list when he takes office in January? Click here to share your opinion.
NBC Field Notes
NBC News correspondents and producers across the U.S. shed light on the news of the day.
Image: A security guard stands in front of columns of containers
The Week in Pictures
From a community effort to put out a fire to snow-covered vineyards, a look at some of the week’s most compelling images.
A motorcyclist looks at idols in Mumbai
View and discuss the pictures and issues that caught our eyes.
Wal-Mart unveils a new look for its stores
Ahead of the Bell: Wal-Mart Stores
At a Glance: Wal-Mart Stores vs. Target
Sales index shows weak November retail sales
DC area shoppers hit stores with smaller budgets
msnbc.com staff and news service reports
updated 1 hour, 10 minutes ago
NEW YORK – A worker was killed in the crush Friday after a throng of shoppers eager for post-Thanksgiving bargains burst through the doors at a suburban Wal-Mart, authorities said.
Nassau County police said the 34-year-old man was taken to a hospital where he was pronounced dead at about 6 a.m. ET, an hour after the store in Valley Stream on Long Island opened.
A police statement said a throng of shoppers “physically broke down the doors, knocking him to the ground.” The exact cause of death “will be determined by the medical examiner’s office,” the police stated.
Now we can all buy a new house with our unemployment checks.
No wait. That’s what these giant new stimulus checks are for. Good thing we changed Presidents. Wouldn’t no what to do with out an experienced hand at the helm. Opps I forgot Mac lost.
NEW YORK (CNNMoney.com) — Mortgage rates fell sharply yesterday after the administration announced that it will pump another $800 billion into credit markets to free up frozen consumer and mortgage lending.
That number dwarfed previous government actions aimed at bolstering the mortgage lending market.
“The feds agreed to spend a half a trillion dollars to buy up mortgage backed securities and another $100 billion to fund lending for Fannie and Freddie; we’re not talking chump change anymore,” said Keith Gumbinger of HSH Associates, a publisher of mortgage information.
Rates averaged 5.77% for the day on a 30-year, fixed rate loan, down from 6.06% Monday, according to Gumbinger. They fell as far as 0.75 percentage points during the day, according to Orawin Velz, Associate Vice President for Economic Forecasting at the Mortgage Bankers Association.
Ha ha ha ha ha ha. These lefty voters are stupider than right wing voters. At least we got the Supreme court for the next couple of years. Should be that long to finish off the working stiff. Who needs them when you have Lord Obama’s magic wand.
WASHINGTON: In a show of bipartisanship and continuity, President-elect Barack Obama has decided to keep Defense Secretary Robert Gates in his post, Democrats close to the transition said, and on Wednesday named Paul Volcker, a former chairman of the Federal Reserve under Democratic and Republican presidents, to lead a new White House economic advisory committee.
It will be the first time a Pentagon chief has been carried over from a president of a different party. Obama’s advisers were nearing a formal agreement with Gates to stay on for perhaps a year, the Democrats said Tuesday, and they expected to announce the decision as early as next week, along with other choices for the national security team. The two sides have been working out details on how Gates would wield authority in a new administration.
The move will give the new president a defense secretary with support on both sides of the aisle in Congress, as well as experience with foreign leaders around the world and respect among the senior military officer corps. But two years after President George W. Bush picked him to lead the armed forces, Gates will now have to pivot from serving the commander in chief who started the Iraq war to serving one who has promised to end it.
Jesus walked on water. Al Gore lost the election. Santa Clause is a shopaholic. America can afford to buy all the World’s problems. Obama will wave his magic wand and cure socialism’s disasters.
And global warming is worth destroying millions of lives because it is the new sacrament of Environmentalism. Nothing will be more important than saving mankind from the evils of Capitalism. You descent you get punished.
Pass the Holy water.
David Bellamy | November 25, 2008
Article from: The Australian
WHEN I first stuck my head above the parapet to say I didn’t believe what we were being told about global warming, I had no idea what the consequences would be. I am a scientist and I have to follow the directions of science, but when I see that the truth is being covered up I have to voice my opinions.
According to official data, in every year since 1998, world temperatures have been getting colder, and in 2002 Arctic ice actually increased. Why, then, do we not hear about that? The sad fact is that since I said I didn’t believe human beings caused global warming, I’ve not been allowed to make a television program.
My absence has been noticed, because wherever I go I meet people who say: “I grew up with you on the television, where are you now?”
It was in 1996 that I criticised wind farms while appearing on children’s program Blue Peter, and I also had an article published in which I described global warming as poppycock. The truth is, I didn’t think wind farms were an effective means of alternative energy, so I said so. Back then, at the BBC you had to toe the line, and I wasn’t doing that.
At that point, I was still making loads of TV programs and I was enjoying it greatly. Then I suddenly found I was sending in ideas for TV shows and they weren’t getting taken up. I’ve asked around about why I’ve been ignored, but I found that people didn’t get back to me. At the beginning of this year there was a BBC show with four experts saying: “This is going to be the end of all the ice in the Arctic,” and hypothesising that it was going to be the hottest summer ever. Was it hell! It was very cold and very wet and now we’ve seen evidence that the glaciers in Alaska have started growing rapidly, and they have not grown for a long time.
I’ve seen evidence, which I believe, that says there has not been a rise in global temperature since 1998, despite the increase in carbon dioxide being pumped into the atmosphere. This makes me think the global warmers are telling lies: CO2 is not the driver. The idiot fringe has accused me of being like a Holocaust denier, which is ludicrous. Climate change is all about cycles. It’s a natural thing and has always happened. When the Romans lived in Britain they were growing very good red grapes and making wine on the borders of Scotland. It was evidently a lot warmer Read more here
Still believe in global warming? The new religion. Let’s see what some real scientist have to say. You know the ones who refuse to be bought or cowed by government sponsored thugs.
I find it refreshing that this faith-based “we all gonna die by Monday if we don’t give a way the farm to the bureaucrats right now” off the news radar. Depression talk seems more apropos, I guess. We can’t even afford to fart now let alone give these Al Gore nuts more money. but wait. This is the government we are talking about. The best money can buy.
“Sometimes I wonder whether the world is being run by smart people who are putting us on… or by imbeciles who really mean it.” – Mark Twain
Global Warming – Doomsday Called Off (2/5)