Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Sunday, March 22, 2009
Why We Should Own the Bailed out Banks / Politics / Credit Crisis Bailouts
By: Submissions
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.” -- Thomas Jefferson, 1802 Read full article... Read full article...
Sunday, March 22, 2009
Failure of Capitalism, Didn't We All See This Coming? / Politics / Credit Crisis 2009
By: Submissions
Timothy V. Gatto writes: The country is coming to conclusions that a year ago would be unthinkable. The current turmoil on Wall Street has convinced many Americans of something that has been said for years, but nobody really believed…entirely. That something was that lawyers and bankers cannot be trusted. The American people know by now that the advice is largely true, they can't be trusted. Neither can politicians, stockbrokers and financial advisors. In fact, people are starting to realize the entire concept of capitalism can't be trusted, not just for the average Joe, but for the entire country.Read full article... Read full article...
Saturday, March 21, 2009
Ridiculous Whining at Citigroup, Bank of America Over Bonuses / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
It's going to be interesting to see how quickly Congress and the administration caves in to banks and Wall Street after expressing so much indignation about bonuses over the last week. Here is the backdrop.
Read full article... Read full article...
Saturday, March 21, 2009
Barack Obama and the Altar of Greed / Politics / US Politics
By: Submissions
David Michael Green writes: Barack Obama is dumber than a bag of hammers. I never thought I'd say that about the guy. I thought he would probably disappoint me with many of his policies. I thought he would probably fail to be bold enough for his times. I thought he might miss opportunities to do great things because of his seeming desire to be Mr. Rogers, complete with cardigan. But I never expected him to be really dumb. Read full article... Read full article...
Saturday, March 21, 2009
Ron Paul: United States on the Verge of a Major Crisis / Politics / Credit Crisis Bailouts
By: Submissions
Ron Paul discusses the Stimulus bill and the AIG bonus controversy and how congress passes bills without reading them as congress as a tendency to react to events emotionally rather than look at the root of the problems.Read full article... Read full article...
Saturday, March 21, 2009
United States Can Save Economy By Debt Default or Declare War / Politics / US Debt
By: Pravda
The United States is the largest borrower in the world. The US national debt has already exceeded the level of 11 trillion dollars as of the beginning of 2009 and continues to grow like an avalanche. Experts say that the USA has only two ways to solve the problem: to either declare default or trigger off a war. Read full article... Read full article...
Saturday, March 21, 2009
America's Next Catastrophe is Brewing In Mexico / Politics / Mexico
By: Pravda
As if there were not enough things to worry about for the US, what with a dying economy, a spend happy neo-Marxist government in power, a stalemated war in Iraq and a loosing war in Afghanistan, here comes one more issue and the one that may create the final perfect storm: Mexico. As I predicted , dear readers, Mexico is in the process of total collapse. The drug war violence has spun out of control so quickly that it is now a civil war and unlike the small time civil war with Mexico's southern Indians the Zapatistas, this one has the potential to topple the state government in very short order. Read full article... Read full article...
Friday, March 20, 2009
Was the TARP and the AIG Bailout Itself a Scam? / Politics / Credit Crisis Bailouts
By: Submissions
Paul Craig Roberts writes: Professor Michael Hudson (CounterPunch, March 18 ) is correct that the orchestrated outrage over the $165 million AIG bonuses is a diversion from the thousand times greater theft from taxpayers of the approximately $200 billion "bailout" of AIG. Nevertheless, it is a diversion that serves an important purpose. It has taught an inattentive American public that the elites run the government in their own private interests. Read full article... Read full article...
Friday, March 20, 2009
Big Business Fights Against Unionisation, Employee Free Choice Act / Politics / US Politics
By: Mike_Whitney
Big business has launched a no-holds-barred propaganda blitz against the Employee Free Choice Act. Their goal is to scare people into believing that if the bill passes it will trigger higher unemployment and a deeper recession. According to opponents, there's even the threat of creeping socialism. The truth, of course, is far less dramatic. The Employee Free Choice Act or so called "card check" simply makes it easier for unions to organize. Here's a short summary of the bill posted on the Change To Win web site: Read full article... Read full article...
Thursday, March 19, 2009
Bailout Madness, Bonus Bonanza Bingo a Blessing In Disguise / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The name of the game is "Bonus Bonanza Bingo". The idea is to set the bonus as high as possible without having the masses scream bloody murder or Congress changing the rules. AIG took its turn and failed badly. Now Fannie Mae is at it. Please consider Fannie Is Handing Out Its Own Sizable Retention Payouts .
Read full article... Read full article...
Thursday, March 19, 2009
China Sends Obama a Clear Message on U.S. Debt / Politics / US Bonds
By: Money_and_Markets
Tony Sagami writes: What would happen if your boss cut your salary, you had no savings, and none of the banks or credit card companies would lend you any money? You'd be in some deep doo-doo, wouldn't you?
Well … that's exactly the situation the U.S. is potentially staring at if foreign governments decide they don't want to loan us any more money by buying U.S. Treasury and other government-backed bonds.
Read full article... Read full article...
Wednesday, March 18, 2009
Credit Crisis Biggest Victims Get No Bailout / Politics / Credit Crisis 2009
By: Submissions
Amy Goodman writes: Taxpayers' bailout money for AIG bonuses has rightfully provoked a massive backlash against AIG, Wall Street, President Barack Obama and his economic advisers, Treasury Secretary Timothy Geithner and Larry Summers. The U.S. public now owns 80 percent of AIG. The outrage is bipartisan: Iowa Republican Sen. Charles Grassley even suggested that AIG executives "resign or go commit suicide." New York State Attorney General Andrew Cuomo just released details on the bonuses, exposing AIG's ridiculous claim that they are "retention bonuses" aimed at keeping key employees, since 11 of those who received bonuses of $1 million or more are no longer employed by AIG.Read full article... Read full article...
Wednesday, March 18, 2009
Destruction of the Government in Three Easy Steps / Politics / US Politics
By: Submissions
Joe Brewer writes: In eight short years, conservatives have effectively bankrupted many state governments and left the fed in shambles. And now citizens have to "make tough decisions" and share the suffering equally across the land (unless of course, you're part of that lucky 1% who co-opted the functions of government to serve their own ends... they'll be cozy with their offshore bank accounts, golden parachutes, and permanent tax holidays). Read full article... Read full article...
Wednesday, March 18, 2009
Shifting Geopolitics- The Rise of Russia and Turkey / Politics / GeoPolitics
By: STRATFOR
Russian President Dmitri Medvedev reportedly will travel to Turkey in the near future to follow up a recent four-day visit by his Turkish counterpart, Abdullah Gul, to Moscow. The Turks and the Russians certainly have much to discuss. Read full article... Read full article...
Wednesday, March 18, 2009
Systemic Financial Loss- Did You Ever Lose A Close Loved One? / Politics / Financial Crash
By: Michael_T_Bucci
dealing with systemic loss: facing the future and the death of your world - Did you ever lose a very close loved one? A child or a spouse or your closest surviving parent or sibling? Did they die suddenly or slowly. If slowly, did you toss between hope and despair over each stage of their catastrophic illness? Hoping against hope. Despair ever lurking. Signs of recovery one day, then relapse the next. If this did ever happened to you, you would understand the mind and emotions of the masses at this moment. They are facing death: the death of an income, a lifestyle, a home, a society, a system, a world.Read full article... Read full article...
Wednesday, March 18, 2009
The Mantra of Cutting Wasteful Government Spending Against Reality of Stimulus Spending / Politics / Economic Stimulus
By: John_Browne
Last weekend, Ben Bernanke took an unprecedented gamble for a sitting Fed Chairman: he granted a long-form interview to 60 Minutes, America's most watched news program. There can be no doubt that the interview came about as the result of a coordinated strategy between the Obama Administration and the Federal Reserve. But was the decision to offer the public a rare look at the inner workings of the central bank an act of resolution or desperation?Read full article... Read full article...
Wednesday, March 18, 2009
Geithner Yet Another Incompetent U.S. Treasury Appointment / Politics / US Politics
By: Mike_Shedlock
It's clear to everyone that Treasury Secretary Geithner is in over his head and has no idea what he is doing. He should be fired. Instead the administration wants to give him help.Read full article... Read full article...
Wednesday, March 18, 2009
Mark-to-Market Isn't the Problem / Politics / Credit Crisis 2009
By: Mike_Stathis
It seems as if many have been fooled by those supporting the banks. The general argument that has been made is that mark-to-market accounting has been largely responsible for the banking mess since it creates price transparency for assets held on the books daily. Given the problems in real estate, mark-to-market has been particularly harmful to mortgage-backed securities. Therefore, as the argument continues, we should eliminate, suspend or revise mark-to-market rules because the price transparency it offers is not necessarily indicative of asset values. Finally, removing mark-to-market would help rescue the banks. I challenge these views. Read full article... Read full article...
Wednesday, March 18, 2009
AIG Larry Summers and the Politics of CDS Deflection / Politics / Credit Crisis 2009
By: F_William_Engdahl
Finally US authorities have gotten ‘tough' with the predator financial institutions. The world has been waiting for such decisive intervention since an unending series of Government bailouts of financial institutions began early in 2008 amounting to now trillions of taxpayer dollars. Now, with the world's largest insurance giant, AIG, the White House Economic Council chairman, Larry Summers has expressed ‘outrage.' President Obama himself has entered the fray to promise ‘justice.' US Senators have threatened a law to change the injustice. The only problem is they are all exercising ‘politics of deflection,' taking attention away from the real problem, the fraudulent bailout. Read full article... Read full article...
Tuesday, March 17, 2009
Cramer Vs Stewart - The Daily Show Brawl Street Showdown / Politics / Mainstream Media
By: Nadeem_Walayat
The long awaited showdown between comedian Jon Stewart and the bigger Comedian Jim Cramer. Cramer cringes as Stewart refers to them both as snake oil salesmen. Read full article... Read full article...
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