(The) C0MM0N PE0PLES S0URCE for News

An 0ld Man's View of Today's Headlines

  • page one news
  • Additional Reading
  • Important Links
  • Notable Quotes II
  • Archives
  • About CPSN
  • Subscribe to CPS-News 
»♠♠ "On The Air" Since 2007 ♠♠«
>>> Credibility: The quality, capability, or power to elicit belief <<<
>>Once Lost - Never Regained<<
  • Today’s Capitalist

    "The government has all the responsibility — but no authority over us or claims on our profits."
  • What’s New This Week

    Karl Rove's Book of Lies

    "Efficient market theory dominated economic thinking from the days of Ronald Reagan to the collapse of 2008. It was the rationale for deregulation, the cause of a massive transfer of wealth and income from the middle class to a tiny number of the very rich. Now it is dead and gone but Republican politicians won’t let go, and many in the media show no understanding of the issue."
    Republicans Are Locked in a Passionate Embrace with a Corpse and Won't Let Go

    "Reconciliation is not being considered for [Senate] passing comprehensive health-care reform. Major health-care reform legislation passed the Senate without reconciliation on Christmas Eve ."
    The Role for Reconciliation

  • National Debt Clock

    WHEN Did You Become Fiscally Responsible?
    BEFORE Obama or AFTER Obama??
    January 20, 2009
    $10,838,758,414,164.46
    Discretionary Spending @ 48.6%

    January 20, 2001
    $5,719,124,940,098.04
    January 20, 1993
    $4,192,107,025,882.17
    January 20, 1989
    $2,601,104,000,000.00
    January 20, 1981
    $909,041,000.000.00

    Debt by President


    Click Image for Full Size

    Are You A Tea Party Hyprocrite??
  • Destroyers of the Republican Party

      Get the Flash Player to see the slideshow.
  • Do You Know Their Names
    (Click ? to Find Out)

  • United States of Corporations

    Thanks to the GOP's Supreme Court
    (Click Flag for Full Size)
    Corporate Bill of Rights
  • Democratic Party Traitors

      Get the Flash Player to see the slideshow.
  • Who Are These Traitors?
    (Click Black Rose)
  • Interesting Links

    • Change in National Debt by President
    • Financial Bailout List
    • Historical Federal Debt
    • The 2003 Prescription Drug Bill
    • The Corporate Bill of Rights
    • Who Voted Against the Fiscal Task Force
    • Who's Paying to Kill Health Care Reform

  • Price Bloated 30% by Speculators
  • Politically Driven Stuff

    • Building a Better Capitalism
    • Democrats for Rich Heirs?
    • Proponents of Estate Tax Repeal Are Resurrecting Old Misconceptions
    • Stephen Moore Misled on Wealthy Americans’ Tax Burden
    • Tax Competition: Why It Is Not a Good Thing
    • The End of Supply Side Economics
    • The Great Wealth Transfer
    • The Richer
    • The Small-Business Myth
  • My Favorite Sites

    • A Taxing Matter – About Taxes & Tax Laws
    • Angry Bear
    • Center on Budget & Policy Priorities
    • Cynical Synapse
    • Neiman Watchdog – Questions the Press Should Ask
    • Start Making Sense
    • Understanding Tax

  • No Regrets
    I Remember!
    Ok, What Was It!?

← Senator Bayh To Form Democratic Centrist Group A New Twist For Those Of Faith →

Random Thoughts on Other Notable Headlines of the Day – Issue II

March 18th, 2009 · No Comments · Random Thoughts

[Translate]

March 18, 2009

  • This afternoon the federal government just added another $1.2 trillion to the taxpayer’s bill. I was watching the stock market when this was announced, and the Dow went from a triple digit loosing streak to a triple digit gain in just minutes. And Wall Street thought there wasn’t a limitless pot of gold at the end of the rainbow. ‘Ain’t free money great!?’ But you’ve got to love the wording by the Washington Post staff writer in announcing this. The feds “deployed” the money – not gave the money, or some other term, but deployed the money; you know, like deploying a large military force. How appropriate – the taxpayer Calvary has ridden in again. The Washington Post also says in another article that the US plans to “deploy” hundreds more civilians to Afghanistan. No, really – they actually used the word “deploy”. I’m not kidding – it’s for real! Take a look!
  • It certainly appears that Tim Geithner, President Obama’s Treasury Secretary, is not the man for the job. I didn’t like him as treasury secretary from the beginning (see my past post on this). Geithner was too well tied to Wall Street for my liking. According to this article, and I quote, “Geithner’s indulgence of bankers’ indulgences is fast becoming the Obama administration’s Achilles’ heel. The AIG debacle is the latest in a series of bewildering Geithner decisions that threaten to undermine the administration’s efforts to restart the economy. So long as it’s Be Kind to Bankers Week at Treasury — and we’ve had eight straight such weeks since the president was inaugurated — American banking, and the economy it is supposed to serve, will remain paralyzed“. And just today, we find out that Geithner lied when said he learned of the AIG bonuses after they were paid out. Same ol’, same ol’!
  • It was reported today that 17 of the 20 countries who signed the free trade agreement are resorting to some sort of protectionism. Here’s my take on that – policies that only work well during boom times & destroy during bad times probably should be scuttled. Or at least some sort of provision in the agreement that takes times like these into account.
  • Video of Senator Grassley on CNBC saying “these companies need to understand they owe society something”. Guess who he’s talking about. My vote is for him to take over AIG. He probably won’t save the company, but he’d save us taxpayers hundreds of billions of dollars.
  • Tell me this isn’t true – “senior members of the Obama administration are pressing lawmakers to use a shortcut to drive the president’s signature initiatives on health care and energy through Congress without Republican votes” [bold added]. Quoted from this article.

If those dumb, ignorant Democrats in Congress go along with this then they, along with those “senior members” in the administration, should be —— well, you be the judge. I understand that is exactly what happened in the first 6 years of the Bush presidency when the Republicans controlled Congress, but this crap has got to stop.

  • Representative Paul Kanjorski told CNBC this morning that this latest business with AIG may be “the straw that breaks the camels back”. Let’s see now, where did I hear that before – oh, I know – I used that old reliable phrase here just two days ago. Boy, Kanjorski is genuinely pissed!! He said he’s sick and tired of the administration and treasury secretary saying “I just found out about it”. He goes on to say “that’s not true”! Hey, Kanjorski is a Democrat, and he’s talking about his own White House administration. Go gettem Kanjorski! You the man!
  • John Bogle, founder of The Vanguard Group, told CNBC this morning that it was time to get rid of compensations package and talk about intrinsically growth rewards instead of rewarding for growing the price of stock.

Over a year ago, before this financial mess started, I wrote two separate postings on this “grow the stock price” thing. It started back in the late 1980’s – early 1990’s, with producers and manufacturers becoming more interested in their stock prices and PE Ratios than they were in their product. However, that goes to the point made in this article by Harold Meyerson – “The Reagan-Thatcher model, which favored finance [bold/underline added] over domestic manufacturing, has collapsed. The decline of American manufacturing has saddled us not only with a seemingly permanent negative balance of trade but with a business community less and less concerned with America’s productive capacities“. You can watch and listen to John Bogle’s comments if you like.

  • As a result of the government coming down so hard on AIG about the latest round of bonuses, many other financial firm executives are saying “federal involvement in business decisions is making it difficult for struggling firms to return to profitability”. Yea, yea, we know! ‘Just keep sending us those train loads of taxpayer dollars, keep your mouth shut, and don’t ask any questions’! You can read the entire article here.
Bookmark and Share

Tags: Random Comments of the Day

Return To Top

No Comments so far ↓

There are no comments yet...Kick things off by filling out the form below.

Leave a Comment (Cancel)

Return To Top
  • Click The Old Man To
    Email Him

  • To See it, Click the

    To Read About the Budget Cuts, Click

    For the Original Unedited
    FY 2011


  • The Old Man’s Political Compass

    (Click On Compass)
  • Random Posts

    • Rick Santelli of CNBC --- Video Post Number I
    • Corporate Welfare Vs. The National Debt
    • What “Punishment” For Attorney General Holder?
    • Bush Reveals His Compassion For Consumers
    • Obama Regulatory Reform Review
  • CPSN Recent Post

    • Texas Oil Companies Still Insisting On More Government Welfare
    • “Scale Back” – What Does It Mean?
    • Wrong-Way Politics
    • Rewriting History The Karl Rove Way
    • Lobbyist And Political Donations Equal Corruption
  • CPSN Categories

  • CPSN Archives

  • Search

  • Where’s CPS News Read?


    Locations of visitors to this page
    Maps Archived In January
  • Site Navigation II

  • LinkBacks

    blogarama - the blog directory News & Media Blogs - Blog Catalog Blog Directory

    Blog Directory blog search directory

    Blog Directory & Search engine bar

    Blog Directory News blogs & blog posts

    CCleaner - Freeware Windows Optimization

    bar

    Favicon maker- Create a favicon from any image

    myspace layouts

    Myspace Layouts



Scroll To Top

(The) C0MM0N PE0PLES S0URCE for News

Formally American Citizens News Network
Powered by
English العربية česky Cymraeg dansk Deutsch ελληνική español فارسی suomi français Gaeilge עברית magyar bahasa Indonesia íslenska italiano lietuvių Malti Nederlands norsk polski português română русский svenska ภาษาไทย Filipino Türkçe tiếng Việt powered byGoogle

Installed by SimpleScripts