Inside Job trailer

Yes, there is one version of history that the government and the Wall Street Bastards would like for everyone to believe and then there is…..

THE TRUTH!

Probably the only truthful thing that OUR “elected and appointed leaders” in America said about the run-up to and the financial meltdown in the summer/fall of 2008 was that…

“We saved the financial system”

Yes, that is correct the only problem is that “saving the financial system” left the Wall Street Bastards still running the US Government and noticeably none of the Wall Street thieves outside of Buffoon Madoff are in prison right now and if not for the meltdown there is not anyone at the SEC or in the US Government that would have been able to nail Madoff down.  Hell, it was proven in the Madoff case that you can deliver evidence right to the S.E.C. on wrongdoing and illegality of people and the US Government can’t even bring the criminals in!  Oh, these are…

VERY STUPID PEOPLE!

It really is too bad that We the People didn’t let the Wall Street Bastards go down in flames when they Got Their Asses in a sling in 2008 because if we had the United States of America would be a lot better off today and that is A FACT JACK!  Yes, America would be a lot better place today if these Bastards were on the street corner selling pencils instead of back to running their casinos and ripping off Americans at every available opportunity….

No, we wouldn’t trust any of the above Bastards to watch our dogs and anyone that does business with these SOBs deserves to get his ass and money ripped-off!

What the US Government can do is things like this…

IRS Agents Visit Sacramento Car Wash to Demand 4 Cents

No, we are not making that story up!  The US Government sends out IRS agents to collect 4 Cents and they don’t bother to look into a guy stealing BILLIONS OF DOLLARS from Americans!

And Liberals wonder why the American People don’t trust these Buffoons in government?  Geez, the Liberals that believe in Government may be stupider than the people in Government and that is saying something!

Yes, go see Inside Job if you get the chance and LEARN THE TRUTH!

In case you want the facts instead of the Nonsense that CNBC and the rest of the corporate media is feeding you, Joe Weisenthal of the Business Insider via Calculated Risk has the real story on today’s jobs report:

Chart of the Day:  The Scariest Jobs Chart Ever

“The key thing to realize about today’s good jobs report is that it was only good relative to expectations. Private sector job creation of 67,000 is not that impressive in any real sense.

And indeed, the latest update of the scariest jobs chart ever from Calculated Risk — which shows how deep these jobs losses are compared to past recessions — shows this comeback still isn’t anything like past comebacks, and it will be ages before we get back to even.”

Yes, this recession IS VERY DIFFERENT and that is mainly because Corporate America has shifted so many jobs overseas to take advantage of cheap labor that the jobs that used to be created after past recessions in America no longer exist!  In other words, The Fortune 500 has Screwed the Pooch, not that they give a Damn or not because they are eyeing the 2 BILLION PLUS people in China and Asia to sell to while America continues it’s long downward slide…..  Yes, we are at the end of the “Great Period” of the American Republic and with the amount of Debt we and the government have piled up and the amount of obligations we have promised to our senior citizens and now to all Americans via healthcare….

 …..the slide will just continue until someone will write a book like this one, probably somewhere in Asia…

….only the title will be:  Are We America?

Oh, it gets worse!  Get a look at this headline from Cal Pensions:

CalSTR pays $600,000 for funding drive help

CalSTRS is the state of California teacher’s pension manager which along with CalPERS the pension manager for the rest of the government workers have the taxpayers of the Broken State on the hook for HUNDREDS OF BILLIONS OF DOLLARS of unfunded pensions and here we have CalSTRS paying some PR hacks and lobbyists to lobby the California state legislature to get more funding to make up the shortfalls from their stupid investment that went sour!

No, we are not making this up!  We have CalSTRS, one arm of government, lobbying the California legislature, clearly another arm of government but admittedly filled with lots of very stupid people, to get more money from….

THE GOVERNMENT!

Actually, it is to get more $$$$$$$$ from the taxpayers of California to make up for yet…

MORE STUPID DECISIONS BY GOVERNMENT WORKERS!

Are you starting to notice a theme in the State of California?  Good, you are paying attention!

From the Cal Pensions story…

“CalSTRS is paying two public affairs firms up to $600,00 this fiscal year to help tell system members and legislators about the need to begin closing a huge funding shortfall.

The contract with Edelman and Lucas Public Affairs allows two top executives to bill at the rate of $250 an hour, three others at $225 an hour, two at $210 an hour, and three at $150 to $125 an hour. The firms also can bill CalSTRS for travel expenses.

Unlike most public employee pension systems in California, the California State Teachers Retirement System lacks the power to set the annual contribution rate that must be paid by government employers.

Instead, CalSTRS needs legislation to change the annual payments made to the fund by the state. But state lawmakers, two months into the new fiscal year, cannot agree on closing a $19 billion state budget gap, an annual deadlock over cuts vs. tax increases.

A deep recession has forced historic state budget cuts, despite a tax increase last year that was expected to yield $12 billion in new revenue. A state general fund budgeted at $103 billion two years ago plunged to $83 billion in the governor’s proposal this year.

In an era of widespread budget blood-letting, including teacher layoffs, CalSTRS knows that it won’t get a $4 billion annual contribution increase, the estimated amount needed to reach full funding after 30 years.

But CalSTRS wants to lay the groundwork for an increase. As state lawmakers face wrenching budget choices, there is no urgent need to spend more now to begin closing the CalSTRS funding gap.”

Isn’t that just special?  One arm of government lobbying another arm of government for more of the taxpayers money and they spend $600,000 of the taxpayers’ money to get more of the taxpayers’ money! 

Again….  WE ARE NOT MAKING THIS UP!

Here’s the real kicker from the story though that shows that these clowns at CalSTRS (and CalPERS) don’t have a clue:

“CalSTRS began approaching lawmakers and teachers about the need for more funding three years ago, said the February report. A common response was that CalSTRS could “invest” its way out of the problem.

After all, CalSTRS had a low funding level in the 1970s, about 30 percent of what was needed for future obligations. Proposition 21 in 1984 lifted a lid that kept most pension money in bonds, allowing a shift to stocks and other risky investments.

A booming stock market and the Elder “full funding” plan (former Assemblyman Dave Elder, D-Long Beach) to increase state contribution helped boost CalSTRS funding to 110 percent by 2000.

As investment yields soared, the California Public Employees Retirement System lowered the state’s annual payment while sponsoring SB 400 in 1999, a major state worker pension increase setting a trend for local public pensions.

CalPERS told legislators investment earnings would pay for the benefits, leaving state costs unchanged for a decade. Now Gov. Arnold Schwarzenegger says soaring pension costs divert money from other programs and is demanding a roll back of SB 400.”

Did you catch that?  “CalPERS told legislators investment earnings would pay for the benefits, leaving state costs unchanged for a decade.”  Uhhhhh…. NOT A CHANCE IN HELL WAS CalPERS right about that one as we have shown in previous posts here at Mad As Hell And…. that CalPERS is so badly run that 1 monkey could replace everyone at CalPERS and do a better job to boot!

Oh, it gets worse!

“Lesser-known legislation in 1998 and 2000 boosted CalSTRS pensions, mainly targeted at keeping experienced teachers on the job. In exchange, the annual state payment to CalSTRS was cut from 4.3 percent of pay to a little over 2 percent.

Derman told the board in February that Milliman actuaries found that the declining funding level, 78 percent in the new report, is the result of low investment yields and the stock market crash, not the benefit increase a decade ago.

If investments had hit their investment target during the last decade, an annual 8 percent average, CalSTRS would be 109 percent funded, he said. If returns during the last decade averaged 7 percent, CalSTRS would be 100 percent funded.

But CalSTRS had huge investment losses. The investment fund peaked at $180 billion in October 2007 and dropped to $112 billion in March of last year, before rebounding to about $130 billion.

Another change could drive up CalSTRS costs. Amid criticism that earning forecasts are too optimistic, concealing pension fund debt, the CalSTRS board is considering a staff recommendation to drop the assumed rate from 8 to 7.5 percent.”

What?  “Amid criticism that earning forecasts are too optimistic, concealing pension fund debt, the CalSTRS board is considering a staff recommendation to drop the assumed rate from 8 to 7.5 percent.”

Uhhhhhhhh…… IDIOTS!  There is not a chance in Hell that CalSTRS nor anyone else on this planet is going to make compounded 8 or even 7.5 return in the future unless CalSTRS puts all of their pension money in Asia because the stock market has done nothing in 10 years and it is going to be very challenged to do anything for years to come with the massive deficits and debts in the United States of America.

Let’s just face facts:  CalSTRS and CalPERS are massively underfunded and have badly managed the pension money of its members over the past decade that now has the taxpayers of California on the hook for HUNDREDS OF BILLIONS OF DOLLARS of shortfalls that CalPERS claimed would be covered by investment gains. 

Sorry, CalPERS is filled with Idiots.  CalSTRS is filled with Idiots.  The California Legislature is filled with Idiots and whether Jerry Brown or Meg Whitman gets elected Governor California this fall an IDIOT will be the next Governor. 

There is only one way out of this mess and it is not to continue to stick it to the taxpayers of California.

Everyone now and that will be on a state of California government pension should get ready for big cuts to their current and future pensions and current state workers on all levels better get ready for larger amounts of money coming out of their paychecks each week to pay for their future pensions.

Sorry, the taxpayers of California are not going to bust their asses in the Real World Economy so a bunch of government workers can sit on their asses and do nothing for 30 year after retiring at 55, often with pensions that equal their last few years’ salary while we have 401Ks and have to work out rear-ends off to put any money away for retirement.

Sorry, that isn’t going to happen so Public Employee Unions or not either government workers start feeling the pain and ponying up some more money or you can kiss everything, your pensions, your healthcare and everything else goodbye!

As current California Governor Arnold Schwarzenegger said in Friday’s Wall Street Journal….

Public Pensions and Our Fiscal Future

“As former Speaker of the State Assembly and San Francisco Mayor Willie Brown pointed out earlier this year in the San Francisco Chronicle, roughly 80 cents of every government dollar in California goes to employee compensation and benefits. Those costs have been rising fast. Spending on California’s state employees over the past decade rose at nearly three times the rate our revenues grew, crowding out programs of great importance to our citizens. Neglected priorities include higher education, environmental protection, parks and recreation, and more.

Much bigger increases in employee costs are on the horizon. Thanks to huge unfunded pension and retirement health-care promises granted by past governments, and also to deceptive pension-fund accounting that understated liabilities and overstated future investment returns, California is now saddled with $550 billion of retirement debt.

The cost of servicing that debt has grown at a rate of more than 15% annually over the last decade. This year, retirement benefits—more than $6 billion—will exceed what the state is spending on higher education. Next year, retirement costs will rise another 15%. In fact, they are destined to grow so much faster than state revenues that they threaten to suck up the money for every other program in the state budget. (See the nearby chart.)”

Amen to that Arnold!  Now only if you had really stood up the Idiots in Sacramento and really worked hard for the People and Taxpayers of California you would be leaving office as a hero not as a chump.

Consider this incredibly funny and completely out-of-touch Editorial from the NY Times over the weekend:

Waiting for Mr. Obama

What?  Get a load of this nonsense….

“If President Obama has a big economic initiative up his sleeve, as he hinted recently, now would be a good time to let the rest of us in on it.

News on Friday confirmed that the economy was far weaker in the second quarter than originally believed, growing at 1.6 percent versus an initial reading of 2.4 percent. Grim reports on housing sales indicate that the slowdown has continued. In a normal recession, housing would lead the way up from the depths. Today, it appears to be leading the way back down.

Which brings us back to Mr. Obama. The fiscal stimulus of 2009, coupled with low interest rates and other Federal Reserve interventions, kept the recession from being much worse. But it has not been enough to revive hiring, without which a real recovery is impossible. In the meantime and even more ominously, economic policy making has all but ground to a halt.”

Yes, the folks at the New York Times along with their resident King of the “I Do Not Have A Clue Club” Paul Krugman really believe that what anyone in Government has done in the past or will do in the future will have a big impact on the American Economy. 

Please, Earth to the New York Times Editorial Board:

It is Washington D.C., the Congress, the U.S. Government and the Federal Reserve that through their actions and policies that are the Greatest job killers in the history of the planet and will be the Destroyers of the American Republic if they continue along their current path.

Not that anyone at the New York Times would have a clue to how jobs in the Real World are created where businesses must make a profit to stay in business and new companies being formed must have some chance to become profitable in the near future to ever get off the ground.  You see, out here in the Real World far from the Buffoons in Washington DC, the Thieves on Wall Street and the Idiots on the Editorial Boards of the large newspapers a Dollar is still a Dollar and all that money that the Federal Reserve is printing up so the Wall Street Bastards can keep their Gambling Casinos going and all that money that Congress is spending, all financed by massive amounts of debt and much of that debt being bought by foreign countries….

DOES NOTHING AT ALL FOR A HUGE MAJORITY OF THE COUNTRY!

Unless of course you count the amount of money that all Americans now owe due to all this debt the Buffoons of both political parties have been piling upon us from “On High” in Washington DC!

www.usdebtclock.org

 Waiting on Mr. Obama?  Please, if anyone at the New York Times, including Dumbbell Paul Krugman who not only doesn’t know a thing about how the Real World works but hasn’t done an honest days work in his life had a working brain they would know that IT IS THE US FEDERAL GOVERNMENT through its policies that is inhibiting the country from getting out of the current, and latest, recession which were all in fact brought on the nation by the “Know it Alls” but really don’t know much at all Elites at the Federal Reserve that seem to get a kick of out of the Boom, Busts and Bubbles they create which make the Wall Street Bastards very rich but sticks it to the vast majority of Americans.

 Just to show everyone how clueless the Editorial Board of the New York Times really is they conclude with this….

“Mr. Obama and his economic team had clearly hoped for an economic rebound in time for the midterm elections. They are not going to get it. The economic damage they inherited was too deep, and the economic stimulus they pushed through Congress, for all of the fight, was too small. Standing back is not doing the country or his party any good. We believe Americans are ready for hard truths and big ideas.”

Oh, these ARE VERY STUPID PEOPLE!  What the American People and American Republic really needs is for everyone in Washington DC, including everyone at the Federal Reserve, is to just go home for about 5 years because the damage they do by all of their actions is what is really dragging our country down.  Far from some grand new plan to “save” the country which is really just NY Times code speak for lets again spend more money that we not have, what America needs right now is for all of these Absolute and Complete Buffoons in Washington D.C. to just go away.  Quit all the bickering, the arguing, the silliness of which person or party is up or down and just quit bothering us with all your nonsense.  Blow-up the current US Tax code and replace it with very simple tax rates that everyone can understand and quit making new laws and passing new regulations that just make the lives of business owners and ordinary Americans more difficult.  But above all, please just quit destroying the country with your stupidity and make no mistake these highly educated people at the New York Times and in the highest reaches of government not only don’t have a lick of common sense….

THEY ARE VERY STUPID INDEED!

Will anyone take our advice?  Of course not, because the Idiots at the New York Times have to be doing something just as people that go into politics have to be “doing something” to stay in office and if they destroy a Great Republic in the process….so be it!

Just GO THE HELL AWAY and stop doing massive damage to the nation!

That is what President Obama and the Idiots on Capitol Hill should do right now!

How about this headline from the New York Times

Fed Ready to Dig Deeper to Aid Growth, Chief Says

“The Federal Reserve chairman, Ben S. Bernanke, signaled once again on Friday that the central bank was prepared to act if the economy continued to weaken, as yet another economic report confirmed that the recovery had slowed to a crawl.”

Wonder where we have heard that before?  Oh, that’s right the Federal Reserve has been “prepared to act if the economy continued to weaken” for a couple of decades now and in fact it has been the FEDERAL RESERVE’S ACTIONS that have gutted the American economy! (With a big help from the Buffoons in Washington DC of course that take idiocy to a whole new level!)

It really is ironic that anyone with a working brain would give two rips what Uncle Ben “Hasn’t worked a day in his adult life in the Real World” Bernanke has to say about the economy or that Bernanke “acting” is even remotely the right thing to do at this moment and at several moments in the past (along with Alan “High on the Mountain without a clue’ Greenspan!)

In fact, looking for Uncle Ben “I love the smell of ink in the morning” Bernanke to fix the current US economy is like asking an arsonist that burned down your home to help you rebuild it!

Yet….there is the financial and media elite in America lapping up the BS from Bernanke and his cronies on the Federal Reserve that collectively could not run a lemonade stand on the best day of their lives.

In fact again, it was the Federal Reserve with incredibly loose, undisciplined and terribly misguided monetary policy that created the “Dot.com” bubble, the bubble after 9/11 and the “Real Estate” bubble and it was the Federal Reserve that did not properly regulate the Wall Street Bastards who turned our capital markets into a massive Las Vegas gambling casino.  Did you get that?  It was the Federal Reserve responsibility to regulate the Wall Street Bastards and Uncle Ben and his Boys let the Bastards run loose and millions of Americans have been thrown out of work and we have people listening to anything that Bernanke has to say?  Talk about VERY STUPID PEOPLE!

Listen to Ben Bernanke?  Please, anyone with an IQ over room temperature has long ago quit listening to Uncle Ben Bernanke and the Federal Reserve crowd who we say again have for the vast majority of Federal Reserve members, have spent their entire lives on college campuses or working for government which gives them no preparation for dealing with how the WORLD REALLY WORKS!

What does Uncle Ben Bernanke know?  Let’s go to the tape!

Truly….Uncle Ben Bernanke is CLUELESS!  (And notice that many of the Buffoons that were asking Bernanke Clueless questions on CNBC are still employed!  Oh, the MADNESS!)

The New York Times continues…

“While Mr. Bernanke announced no new steps that the Fed would take immediately, he said the central bank was determined to prevent the economy from slipping into a cycle of falling wages and prices, a situation he said he did not think was likely. Instead he predicted that growth would continue modestly in the second half of the year and pick up in 2011.”

Here we go with the great “deflation” scare that really does the scare the Hell out of the people that lead the Federal Reserve around by the nose, the Wall Street Bastards, because we are going to let everyone in on a little secret about why the Fed and the Wall Street Bastards are scared to death of asset prices not continuing to go up in value.

For most Americans flat-prices would be a dream because most of us out here in the Real World have already have been dealing with for two decades now with stagnant income growth but that hasn’t stopped prices for all kinds of products we use everyday, food, energy, healthcare, education, etc., to skyrocket which in a very evil way makes the Federal Reserve and Wall Street Bastards very happy because they LOVE INFLATION….and….

It causes stock and equity prices to go up as well which is really just another massive bubble that is created as a byproduct of the Federal Reserve’s disastrous monetary policy over the past two decades.  In fact yet again, almost all of the economic growth and equity price increases in the past two decades has been nothing but the Federal Reserve “acting and intervening” in the markets to gin up the inflation rate and this asset prices while the entire time the American People are taking it in the gut!  Get that Clueless Ben Bernanke?  You are a destroyer of America and the American People, not some kind of savior as the elite like to portray you.

Not that Uncle Ben Bernanke has any understanding that for us out here in the real world, as the Fed claims the inflation rate is flat as the look at the bogus numbers produced by the US Government, Americans have been dealing with double-digit increases in the prices for the goods they use everyday of their lives.

Fear deflation?  No, we don’t fear deflation.  What we fear is the Federal Reserve ginning up yet another bogus bubble, all the while being cheered along by the Wall Street Bastards that are desperate to get the American People back into the Las Vegas Casino that used to be the great American capital markets.  Sorry Wall Street Bastards…

We are done with the Las Vegas Casino that is called “Wall Street” and that means FOREVER!  There are plenty of places to invest one’s hard-earned money in local communities and with entrepreneurs that are creating real jobs in the REAL WORLD!

Listen to or trust Ben Bernanke?  Please, we would not trust Ben Bernanke to watch out dogs and the same goes for the Fed’s bosses, the Wall Street Bastards and the Jackson Hole Fed meeting and the media’s coverage of it will go down in history as just another step in the destruction of the American Republic.

You see Stephen Schwarzman believe his precious little ass, and the asses of all his hedge fund friends, is special compared to 99.9 percent of the American People because Schwarzman believes that he should pay a lower tax rate on money he puts into his pocket than other Americans.

The Wall Street Journal has this Outrageous story….

A CEO’s Hitler Problem

“Billionaire Stephen Schwarzman has decided that comparing President Obama to Adolf Hitler isn’t a good idea.

“I apologize for what was an inappropriate analogy,” the CEO of Blackstone Group, one of the world’s largest buyout firms, groveled to the New York Post last week.

Calling President Obama Hitler is a compliment to Hitler. But Mr. Schwarzman, who once spent $3 million on his own birthday party, may have been too self-absorbed to realize he’d elevated a mass-murdering psychopath.

Some call Hitler Satan incarnate. But, Mr. Schwarzman hinted Herr Fuhrer was more like that smart, smiling, handsome man of mixed racial heritage, who became editor of the Harvard Law Review, a U.S. senator and then the bumbling president of the economically challenged United States.

Mr. Schwarzman didn’t mean to insinuate this, but the thought of raising taxes on private-equity firms must have sent him into a mind-numbing rage.

Since at least 2007, Washington folks have considered jacking tax rates on firms like Blackstone that make their money buying and selling companies, merrily cutting costs — and laying off workers — as they go. These so-called carried-interest profits are taxed at 15%, but Mr. Obama supports hiking them up to 35% to match what some of the little people have to pay when they still have jobs.

“It’s a war,” Mr. Schwarzman ranted. “It’s like when Hitler invaded Poland in 1939.””

Really?  So Steven Schwarzman believes that him losing the right to pay a 15 percent income tax rate on the MONEY HE PUTS INTO HIS POCKET instead of the 35 percent income tax rate that 99.9 percent of Americans would pay on MONEY THEY PUT INTO THEIR POCKET is….

“It’s like Hitler invaded Poland in 1939.”

Really?  When we here at Mad As Hell And… say that the Wall Street Bastards are Sorry Excuses for Human Beings Schwarzman is Example A of these SOBs.  Yes, maybe you are starting to understand just how evil these Bastards really are!

The Wall Street Journal story continues…

“Yeah, and maybe Hitler didn’t feel like a totalitarian dictator. Maybe Hitler didn’t invade Poland, but targeted it as an acquisition. Maybe Hitler just got rid of a few million people and added their wealth to his war chest. Maybe this was the free market of 1939. But maybe people never wanted the market to be this free.

Mr. Schwarzman, a former M&A whiz from Lehman Brothers, apparently knew when the free market was headed for a free fall. Before the easy credit ran dry, Blackstone could borrow billions to buy up companies, load their balance sheets with debt, cut their costs, and flip them like Miami condos.

The firm made its money taking other companies private, yet it went public at $31 per share in June 2007. Its shares now trade for just $10 and change, proving once again that an IPO is an exit strategy, not a launch.”

Oh, this is one Arrogant Son of a Bitch we have here in Stephen Schwarzman! 

How in the world we ever got to a point in the United States of America where one group of very elite Sorry Excuses for Human Beings could pay a 15 percent income tax rate on the MONEY THEY PUT INTO THEIR POCKET when 99.9 percent of all other Americans would have to pay the full income tax rate on that same amount of money is beyond us…..but then that is why wealthy Sorry Excuses for Human Beings like Stephen Schwarzman gives money to our “Elected Leaders” right?

Please, don’t cry us a river that somehow because Schwarzman and his hedge fund friends make billions investing “capital” that somehow that their precious little asses deserve special treatment over all other Americans because we have some news for anyone that would make that bogus argument.

There is all kinds of capital in this world of ours with money only being one of them.

Human capital, the hard work and sweat that Americans exhibit every day in our country is what really makes this country get up and go and all that Human Capital worth much more than a bunch of Ivy League flunkies that sit in front of computers all day and trade digital paper or take over companies and then fire half the employees so they can turn a Buck. 

If Human Capital through the income that Americans make in their jobs everyday is going to be taxed at the normal income tax rate then the capital, often earned on the backs of Americans should be taxed in the very same Damn way and at the same rate!

No, that can’t be says Stephen Schwarzman and his hedge fund cronies!  We are special!  Our precious little asses deserve to pay a 15 percent rate.  After all we make our money investing “capital.”

Is there a more Sorry Group of Human Beings on this planet than these Wall Street Bastards?  No, sadly, they are the scum of the scum, the low of the low, the SOBs of the SOBs and even when they make Billions of Dollars they claim that they are so special that they should pay a lower income tax rate than all the other Americans in our country.  Yes, you have to admire these Sorry Excuses for Human Beings for their outright arrogance, but then most of them wouldn’t know moral or integrity if it hit them in the ass on a clear spring day!

No, those days are coming to and you Sorry Excuses of Human Beings on Wall Street and Oh….if the United States of America ever gets a 3 RD party President elected to White House….well, a 15 percent income tax rate will be the least of your worries because we believe that the American People sitting on Federal Grand Juries could have half of Wall Street under felony indictment within a month of a 3 RD party President assuming the office.

The Wall Street Journal article concludes with precious little Stephen Schwarzman saying…

“The fundamental issue of the administration’s need to work productively with business for the benefit of the overall economy is still of very serious concern, not only to me, but also to large parts of the business community.”

Listen up Schwarzman:  You are not in the “business community.”  You work in the Unregulated Las Vegas Casino “community” and you and all your friends that make Billions of Dollars doing nothing but plundering the country, destroying companies and stealing money from Americans can take your Las Vegas Casino and stuff it where the Sun doesn’t shine.  Business community?  Please, these Gamblers on Wall Street wouldn’t know a real business on the best day of their lives and anyone that would sit in front of a computer screen trying to make money trading digital paper instead of going out into America and starting a company that will make Real Products and provide Real Services is just wasting his or her life away.  Sadly, the Las Vegas Gamblers that the Idiots call Bankers or Hedge Fund Traders divert Trillions of Dollars from the Real Economy every year from where it ends up in their multiple homes, cars, and all manner of other wasteful BS.

Memo to Stephen Schwarzman and the rest of your Sorry Excuses for Human Beings on Wall Street:  You are going to pay the regular income tax rate on the MONEY YOU PUT INTO YOUR POCKET just like every other American and if a 3 RD party candidate is elected President of the United States….we can only say….WATCH OUT!

The Bottom-Line for Schwarzman and the Wall Street Bastards:

If they make $1 million dollars they would pay:

$150,000 dollars in tax

If any other American would make $1 million dollars they would pay:

$350,000 dollars in income tax

No, we are not making this up!  Stephen Schwarzman believes that because he might have to start paying the regular income tax rate that all other Americans would make on the same amount of money that both would PUT INTO THEIR POCKETS that such a proposal equals….

“It’s like Hitler invaded Poland in 1939.”

Yes, Stephen Schwarzman seems to know European history, but someone needs to remind his precious little ass that he is living in the United States of America and our American Republic had a Revolution a couple of hundred years ago and one of the Greatest Founders of our country…..

Thomas Jefferson…

Wrote in the Declaration of Independence that….

“All Men Are Created Equal”

Evidently, Stephen Schwarzman and the rest of these Sorry Excuses for Human Beings believe they “Are More Equal” than You, Me and the Man Behind the Tree… 

Sorry Stephen, you are no better than anyone else in the United States of America, but are in fact about as Un-American as anyone that has come down the pike in a long time from where we sit, but then what is new for the Wall Street Bastards…

They think they are better than everyone else and if they have to buy everyone in Washington DC to prove it, they will do just that. 

Yes Stephen Schwarzman you can Go to Hell with your Un-American Ideas!

And you thought we were just joshing when we said that these Wall Street Bastards were Sorry Excuses for Human Beings?  No, they are that, but they are also about as Un-American as anyone in our country today and again we say…

Anyone stupid enough to have their hard-earned money invested into the Las Vegas Casino that is called Wall Street is someone stupid enough to do business with someone like Stephen Schwarzman and if you are stupid enough to business with this Idiot then you are beyond help.  There are plenty of great places to invest your money in your local community or city with entrepreneurs that are starting and running Real companies that actually add things to the American Economy instead of keeping your hard earned Dollars with these Wall Street Bastards.

Note for the attorneys working for the Sorry Excuses of a Human Being like Stephen Schwarzman:  This is our opinion and any legitimate attorney that would work for someone of the ilk of Stephen Schwarzman….well, Ditto for everything above!

In Striking Shift, Small Investors Flee Stock Market

“Renewed economic uncertainty is testing Americans’ generation-long love affair with the stock market.

Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year, according to the Investment Company Institute, the mutual fund industry trade group. Now many are choosing investments they deem safer, like bonds.

If that pace continues, more money will be pulled out of these mutual funds in 2010 than in any year since the 1980s, with the exception of 2008, when the global financial crisis peaked.

Small investors are “losing their appetite for risk,” a Credit Suisse analyst, Doug Cliggott, said in a report to investors on Friday.”

Memo to Doug Cliggott of Credit Suisse and the rest of the Wall Street Bastard Casino Operators:  It’s not risk that small investors are “losing their appetite for” but rather the American People now understand that formerly great U.S. Capital Markets are now nothing more than an unregulated Las Vegas casino that is lorded over by Sorry Excuses for Human Beings, otherwise known as bankers who are really just casino operators.  Throw in massive numbers of computers that make millions of traders per minute that have NOTHING AT ALL to do with investing or Americans saving for their families, their retirement and their futures and one starts to understand why Americans are taking their money and running from their lives from these Wall Street operators.

That is what Americans with a working brain are bailing on Cliggot… not “risk.”

Not that Doug Cliggott or anyone else working for these unregulated Las Vegas casinos would have any understanding of how the American people now accurately view Wall Street and the media elite that cover it, because We the People all know that most of these Sorry Excuses for Human Beings that run the Wall Street casinos wake-up everyday of their lives and they work like Hell to try to figure out ways to rip of Americans, investors, traders they trade against and yes…even their own customers.  Yes, these are very evil people that care nothing for anything but themselves and wouldn’t know morals or integrity on the best day of their lives.

Yes, the formerly great American Capital Markets are now nothing more than an unregulated Las Vegas casino that is run by the very worst of the worst, incredibly evil people that embody in the way they live their lives the very worst of America..not the best.

In fact, the Wall Street Bastards, in cooperation with the Clueless Buffoons in Washington D.C. otherwise known as our “Elected and Appointed Leaders” took down the American Economy 2008 and threw millions of Americans out of their jobs and at the very bottom of what drove these Idiots to do what they did over a decade in the 2000s is just insatiable greed and lust for power.

No, the Wall Street Bastards and our Elected Leaders in Washington D.C. don’t give a Damn about anything but themselves and when the history of America is written the pictures of the Wall Street Bastards and Washington Buffoons will go into history books and the story will be told of how these men and women brought down an entire Republic.

Not that any of these folks give a Damn if they bring down the American Republic or not, because they will do ANYTHING for more money and power, even if their evil desires destroys American lives, cities, towns, communities, families, kids and anyone else that gets in their way.

You say you took your money out of the Wall Street Casino?  Oh, you are a very smart man or woman, because anyone that trusts their hard earned money to the Sorry Excuses for Human Beings on Wall Street is just asking for those Idiots to rob you blind.  One has to wonder though, if Americans are pulling Billions of their $$$$$$$ out of Wall Street…..who is putting all this money in to keep it propped up?  If it’s the US Government propping up these Sorry Excuses for Human Beings and their Gambling Operations…Double Shame on our “Elected and Appointed” Leaders in Washington DC.

How do you know if a Wall Street Banker, Casino Operator, is telling the truth or not?

Answer:  Please, these SOBs on Wall Street wouldn’t know the truth if it hit them in the ass! 

Yes, these Wall Street Bastards are very evil people and if they get the chance to turn a Buck, even if turning that Buck would take down the American Economy again or even the American Republic, they will always turn that Buck because that is all these Sorry Excuses for Human Beings know….

California’s war on itself

“California has long been a destination for those seeking a better place to live. For most of its history, the state enacted sensible policies that created one of the wealthiest and most innovative economies in human history. California realized the American dream but better, fostering a huge middle class that, for the most part, owned homes, sent their kids to public schools, and found meaningful work connected to the state’s amazingly diverse, innovative economy.

Recently, though, the dream has been evaporating. From 2003 and 2007, California state and local government spending grew 31 percent, even as the state’s population grew just 5 percent. The overall tax burden as a percentage of state income, once middling among the states, has risen to the sixth-highest in the nation, says the Tax Foundation. Since 1990, according to an analysis by California Lutheran University, the state’s share of overall U.S. employment has dropped a remarkable 10 percent. When the state economy has done well, it has usually been the result of asset inflation – first during the dot-com bubble of the late 1990s, and then during the housing boom, which was responsible for nearly half of all jobs created earlier in this decade.

Since the financial crisis began in 2008, the state has fared even worse. Last year, California personal income fell 2.5 percent, a first the Great Depression and well below the 1.7 percent drop for the rest of the country. Unemployment may be starting to ebb nationwide, but not in California, where it hovers near 12.5, among the highest rates in the nation. Between 2008 and 2009, not one of California’s biggest cities outperformed such traditional laggards as New York, Pittsburgh, and Philadelphia in employment growth, and four cities – Santa Ana, Los Angeles, Oakland, and San Bernardino-Riverside – sit very close to the bottom among the nation’s largest metro areas, just slightly ahead of basket cases like Detroit. Long a global exemplar, California is in danger of becoming, as historian Kevin Starr has warned, a “failed state.””

Talk about right on target……this is a center-cut shot!

“The new progressives were as unenthusiastic about welcoming business as about building infrastructure. Fundamentally indifferent or even hostile to the existing private sector, they embraced two peculiar notions about what could sustain California’s economy in its place. The first of these was California’s inherent creativity – a delusion held not only by liberal Democrats. David Crane, Governor Schwarzenegger’s top economic advisor, once told me that California could easily afford to give up blue-collar jobs in warehousing, manufacturing, or even business services because the state’s vaunted “creative economy” would find ways to replace the lost employment and income. California would always come out ahead, he said, because it represented “ground zero for creative destruction.””

Mr. Kotklin does hold out some hope that California can turn things around, but only if the state starts to move away from the current set of Buffoons and their Fantasyland and Destructive policies, but we seriously doubt if the IQ and Common Sense levels are high enough in Sacramento and in the West Coast Capitals of Confusion, Los Angeles and San Francisco, to ever get California out of the hole it has dug for itself.

“Blessed with resources of topography, climate, and human skill, California does not need to continue its trajectory from global paragon to planetary laughingstock. A coalition of inland Latinos and Anglos, along with independent suburban middle-class voters in the coastal areas, could begin a shift in policy, reining in both public – sector costs and harsh climate – change legislation. Above all, Californians need to recognize the importance of the economic base – particularly such linchpins as agriculture, manufacturing, and trade – in reenergizing the state’s economy.

The changes needed are clear. For one thing, California must shift its public priorities away from lavish pensions for bureaucrats and toward the infrastructure critical to reinvigorating the private sector. The state’s once-vaunted power system routinely experiences summer brownouts; water supplies remain uncertain, thanks to environmental legislation and a reluctance to make new investments; the ports are highly congested and under constant threat of increased competition from the southeastern United States, the Pacific Northwest, and eventually Mexico’s Baja California. Fixing these problems would benefit the state’s middle and working classes. Lower electrical costs would help preserve industrial facilities – from semiconductor and aerospace plants to textile mills. Reinvestment in trade infrastructure, such as ports, bridges, and freeways, would be a huge boon to working-class aspirations, since ports in Southern California account for as much as 20 percent of the area’s total employment, much of it in highly paid, blue-collar sectors.”

Oh, Mr. Kotklin….you naïve’ optimist…

As Sergeant Friday used to say:  “Just the facts ma’am.”

Here are the facts:  California is finished because the current generation running the state doesn’t know Up from Down and they are raising a bunch of spoiled brats that will end up being even stupider even though they will have degrees coming out their rear-ends.  No, lots of people with college degrees doesn’t automatically equal economic growth, because if you are teaching those college graduates Absolute Nonsense it only makes things worse!

Get U-Haul on the phone before it is too late because if the San Andreas doesn’t take the Broken State out first…the Idiots running California will!

If you are a business owner that can do business elsewhere from California the only question you should be asking yourself is why you haven’t already left the building as these very smart folks have…

84 companies added to “leaving California” list  (Orange County Register)

These Global Warming and Climate Change Bastards are dangerous and they will say or do anything to keep “their” money rolling in just like the Wall Street Bastards will do Damn anything to keep “their” massive profits even if they have to throw millions of Americans out of work in the process.

The latest Absolute Nonsense from the Wacko Environmental Nuts is related to the Nazi like organization, the California Air Resources Board, and their assertions that diesel truck and locomotive soot is a major health hazard.

Dan Walters of the Sacramento Bee is all over this Outrageous Story that includes the attempted ousting of a whistleblower professor at UCLA in a Nazi-like way that should wake every American up to what is really going on in our country today.

Storm blows again over diesel-soot rule

“Gov. Arnold Schwarzenegger staged a set-piece media event in a Southern California railyard Monday and, among other things, echoed the assertions of his air quality regulator, Mary Nichols, that diesel truck and locomotive soot is a major health hazard.

But is it?

There’s actually an intense argument in scientific and regulatory circles about diesel “particulates” – so intense that the leading academic critic of proposed diesel soot regulations has been ousted from his professorship at UCLA for, he says, not going with the academic and political flow.

Last year, the professor, Dr. James Enstrom, blew the whistle on an Air Resources Board staffer, Hien Tran, whose report on diesel emissions was the basis for tough ARB regulations, telling board officials that Tran had falsified his academic credentials.

ARB chair Nichols and other officials kept the revelation a secret, even from other board members, until one member, John Telles of Fresno, did his own investigation and complained about the cover-up.

Nichols disowned Tran but left his research, concluding that diesel soot was a major cause of premature deaths, intact and began writing regulations. A few weeks later, UCLA’s department of environmental health sciences began termination proceedings against Enstrom, despite his three-decade-long career at the university.”

Yes, this all sounds very familiar to anyone that has been following these Nazis disguised as legitimate scientists which are really just Wacko Environmental Nuts that will DO OR SAY ANTYHING AND FLAT OUT LIE IF NECESSARY to keep the Gravy Train rolling hat all feeds out of the Absolute Nonsense that is “Global Warming and Climate Change” cult.

Dan Walters of the Sacramento Bee continues….

“Enstrom says he’s being canned for refusing to go along with the prevailing departmental view that diesel soot is a killer. “My research didn’t show any relationship between premature deaths and the level of fine particulate air pollution in California,” he said Monday. “These people (in the department hierarchy) have just decided to … hold a secret vote and voted me out.”

Unless overturned on appeal, Enstrom’s dismissal will take effect in two weeks. He said he was given ever-changing reasons, ranging from financial to a clash of philosophy, but suspects that his revelations about Tran and the department’s research grants from the ARB sparked a drive to “get me terminated and silenced.””

Yes, the world has seen this type of behavior before…..The German SS as directed by Adolph Hitler and if the UCLA believes that they can pull this kind of crap of trying to silence FREE SPEECH at a school that is funded my the public’s tax money the you Sorry Excuses for Human Beings at UCLA have another thing coming!

Dan Walters concludes…

“It’s another unsavory chapter in the diesel soot saga. By all appearances, not only did the ARB cover up Tran’s falsification but its sycophants on the UCLA faculty are punishing the man who blew the whistle.

If the Legislature’s oversight committees and investigative staffs were doing their jobs, they’d delve into this mess. Don’t hold your breath.”

That’s right Dan, don’t hold your breath that any of these Sorry SOBs in Sacramento will do anything but spend money the state doesn’t have and give ever more generous salaries and benefits to government workers.  That all these Buffoons can do as the state is headed toward two months late on a budget for the state of California, or otherwise known as the Broken State run by a bunch of Buffoons and Nazis! 

Shame on UCLA for the Incredible Outrage of trying to oust this professor and from this point forward everyone should know that Free Speech no longer exists at the University of California, Los Angeles….unless of course you are spouting the Absolute Nonsense of the Wacko Environmental Nuts!

Just another reason why everyone in California should be voting for Prop. 23 to roll back the Global Warming Final Solutions Act, AB 32!

NOT!

The latest Major Foreign Holders of Treasury Securities is out and China as of June 2010 is holding…

 843.7 BILLION DOLLARS in Treasury Securities

 Here’s the problem….

In October 2009 China held….

938.3 BILLION DOLLARS IN Treasury Securities

Let’s see here…China has reduced its US Treasury Securities position by……

95 BILLION DOLLARS in the last 8 months but the US Treasury is offloading US Treasury Debt as fast as they can print up the bonds.  Who is buying all this new US Treasury Debt then?

Well let’s see here….

Japan which is running a Massive Ponzi Scheme is adding US Debt.

The United Kingdom, which is flat broke has added over 200 BILLION DOLLARS in US Treasury Debt in the last 8 months and one has to wonder where all that money is coming from….Oh, they are just printing it you say!  Yes, that makes perfect sense!

The “Caribbean Banking Centers” are adding a lot of US Treasury Debt which makes us wonder just who the Hell is the “Caribbean Banking Centers” and where are they getting their money from…

And there are a handful of other countries in the world that have been buying US Treasury Debt, but China is a net seller of American debt.

One has to wonder what the Chinese know that the rest of the world doesn’t…… Maybe they see that the US Government is running nothing more than the Largest Ponzi Scheme in the History of the World and they don’t really want to be around when this Fantasy that our “Elected and Appointed Leaders” are running starts to meltdown…..

Still, we can’t help but wonder with the United Kingdom buying over 200 BILLION DOLLARS in US Treasury Debt in the last 8 months if the UK and US are running joint Massive Ponzi Scheme with us buying their debt and they are buying our debt…..

If that is going on then there will be some UK and US leaders that will go down as some of the Stupidest People in the History of Planet Earth!