and on top of that... those guys at LTCM in part created portfolio theory .... which mixed with wall street bullshit, allowed Buffet's company and S&P to review a portfolio of mortgage shit and pretend it was a grade AAA investment. The financial crisis was pretty much a template of LTCM on steroids. After LTCM and Neiderhoffer blow up puts on markets... Wall Street in essence said lets sell puts on mortgages and collect massive bonuses until we blow up everything. And to answer the question up there... historically the bankers own and support democrats and the manufacturers and perhaps oil used to own and support Republicans.
When George Mallory was asked in 1924 why he wanted to climb Mount Everest, he snapped, âBecause it is there.â Fourteen years later, Adolf Hitler might well have given the same answer if asked why he wanted to annex the Sudetenland. And nearly a century later, Vladimir Putin is swallowing up the Crimea for the same reason: Because it is there for taking. Putin knows when it comes to invading and annexing the Crimea, no one is going to stop him. Consider the three candidates you might think at first glance would stand in Vladimir Putinâs path. First, thereâs Ukraine. But its military is no match for Moscow. Second, thereâs the European Union. But Western Europeâs anemic military budgets have taken a back seat to welfare spending in once-great nations that have said since World War II, âWeâll sit this one out; we gave at the office between 1939 and 1945.â Third, thereâs the United States. But it is led by the weakest, most feckless, least intimidating President in the history of the republic.... http://www.tpnn.com/2014/03/18/the-costs-of-obamas-weakness/
ObamaCare Enrollment Still Falling Short, CBS Spins it as 'Milestone' http://newsbusters.org/blogs/kyle-d...nt-still-falling-short-cbs-spins-it-milestone
You do not understand.... Historically, the Dems overspent in an effort to buy votes. The Repubs later tried to constrain overspending as "greedy, reckless, unsustainable and ultimately destructive". Must consider both... not just the side which give you a giggle up your leg.
Can America Survive Obama? March 18, 2014 By Alan Caruba After a series of events that continue the decline of Americaâs global reputation along with increasing questions about the level of Obama administration corruption within the Internal Revenue Service, these and other factors lead inevitably to the question of whether America can survive Barack Hussein Obama. By March 12, a Wall Street Journal/NBC news poll indicated that Obamaâs popularity had declined to an all-time low with 48% approval versus 54% disapproval. This is unchanged from December when the Obamacare rollout dominated the news. The rate of disapproval among Democrats stands at 20%. The question of survival might sound absurd under normal circumstances, but there has not been anything ânormalâ about Obamaâs first term in which he lied repeatedly to Americans to secure the passage of the Affordable Care ActâObamacareâand then claimed that what he and Congressional Democrats said was an inadvertent misstatement of the facts. His namesake legislation has been a disaster from the beginning. Nothing about it works and it costs more while destroying the healthcare insurance system. And he has continued to lie to the point where anyone above the age of five has concluded that nothing he says can be trusted. So, if he werenât President, he could be fired, but he canât. He can be impeached, but he wonât because Republicans tried that with Bill Clinton and it failed. So that leaves only the forthcoming November midterm elections as a means to curb his further destruction of the economy and all other aspects of life in America. It is useful to keep in mind that Americans have survived hard times, from the long Revolutionary War to the Civil War through many financial crises and, of course, the Great Depression in the last century. In these and other hard times, many suffered, but the nation was sustained. I know the headlines out of Wall Street continue to be good. The bankers and the investment crowd know how to turn a dollar, but there are scores of opinion pieces saying that the collapse of the dollar is eminent or that another financial crisis like the one in 2008 is just around the corner. For the record, the banks that survived that crisis, the ones that were âtoo big to failâ, were not only bailed out with taxpayer dollars, but paid it back and thereafter enjoyed enormous profits thanks to a Federal Reserve that charged no interest on the money it loaned them. On March 6, Wall Street Journal columnist Daniel Henninger opined that âPutin Carterizes Obama, Totally.â I remember Jimmy Carter mostly for the lines I had to wait in to get gas for my car. Then there was the seizure of American diplomats in Tehran, Iran in 1979. Every day since then the Iranians wake up crying out âDeath to America. Death to Israelâ and they mean it. So with whom is Barack Obama and his idiot Secretary of State, John Kerry, ânegotiatingâ? The same Iranians. You know, the ones who were shipping dozens of Syrian-made surface-to-surface rockets to the Palestinians in Gaza until the Israelis boarded the ship in the Red Sea last week and put a stop to that. The same ones he relieved of the sanctions regarding their nuclear weapons program. What makes me ask the question about survival is the way the ideologies that Obama believesâCommunism, Islam, and his ability to influence other nationsâblind him to reality. Thinking that diplomacy will get the Iranians to stop their quest to build their own nuclear weapons isnât just stupid, itâs insane. Itâs the same with his views of Russia and its president, Vladimir Putin. Having âre-setâ the former Cold War relationship with Russia, Obama has just discovered that Putin has not. Given the political turmoil in Ukraine, Putin did what all of his predecessors did for hundreds of years; he decided to take control of the Crimea. Why not? Russia has essential shipping ports there and some airfields. The Crimea was part of Russia for hundreds of years. Putin knows that Obama will not go to war over these events. He wouldnât even take on Syria when it used poison gas. While Russian troops were moving into Crimea, the President had his Secretary of Defense, Chuck Hagel, announce reductions in the Pentagon budget that would reduce our military power to pre-World War Two days. Last week, China announced it was going to increase its military budget 12.2% within a week or so of the U.S. announcement it was reducing its military budget to pre-World War Two levels. Obamaâs weakness and his policies that weaken America economically and militarily have not gone unnoticed around the world. Itâs hard to win wars with stateless fascist Muslims that call themselves al Qaeda and other names. Throughout the Middle East, despite their increase in numbers, the states there are trying to fight them. The Taliban will regain Afghanistan about a week after we leave while Egypt has allied with Russia after Obama backed the Muslim Brotherhood. A third of Iraq is now controlled by al Qaeda. Saudi Arabia, Bahrain and the United Arab Emirates just withdrew its ambassadors from Qatar for backing the Muslim Brotherhood. It is home to al Jazeera, the television channel. At home the Environmental Protection Agency continues to play havoc with the economy and, in particular, our need for electricity with its âwar on coal.â It is undertaking a regulatory storm to control all aspects of our lives. The question of whether America can survive Obama is not inconsequential. Heâs all for same-sex marriage, the legalizing of marijuana, and forcing people to violate their strong moral and religious convictions. He keeps talking about jobs but there are millions unemployed and millions on government welfare programs. The nationâs economy has gotten worse since Obama was elected in 2008 to fix it. And he prefers to rely on executive orders than to work with Congress. Elections have consequences. Letâs hope the voters keep that in mind in November.
Half of Obama Federal Agencies Out of Compliance with Freedom of Information Act March 20, 2014 By Matthew Burke http://www.tpnn.com/2014/03/20/half...f-compliance-with-freedom-of-information-act/ "good job mr president"