The Government told us that the PCE core price index for December was 0% - no inflation at all. I found that to be incredible - as in not credible at all and then Tusked asked me how long the Bernank could keep justifying his rampant money printing with fake government data, to which I responded: "I had many derogatory things to say about that but I was literally so sickened by that BS that I couldn’t bring myself to comment on it so I just left it alone but it’s a very sad joke that our government can tell us that there was no inflation in December while the whole planet is falling apart, isn’t it?"
Harmonics asks the question: "How much of a product's price increase is a function of "inflation," and how much is quality improvement?" Thus, the entire late 1990's concept of Hedonics is premised upon a flawed assumption: that quality is static. Hedonics is a variation of the old trick of comparing the present with the past, instead of the present. Measuring quality improvements is a distraction from the real measure of inflation: the purchasing power of a dollar.
Hedonics opens the door to producing magical results: a lower inflation rate with generally rising prices, a higher growth rate although the economy may be weaker, and a higher productivity number, although productivity would have been declining without the Donica imputations.
What BS, right? Well, when I get mad, I do research and when my research uncovers something - I make an electronic puppet show:
Forward this to your friends and Congresspeople - let's try to get our government to get real!
It is worth asking about U.S. officials’ Plan B just in case one day relations take a surprise turn for the worse and Beijing dumps its holdings of U.S. treasuries.
China is officially the United States’ biggest foreign creditor, with roughly $900 billion in Treasury holdings — or over $1 trillion with Hong Kong’s holdings included.
That means it could do severe damage to U.S. debt markets if it suddenly started selling large amounts.
This is not a “just in case” scenario. China has already been taking steps to curb their US Treasury purchases, lowering their U.S. debt holdings from $929 billion to $896 billion between November of 2009 and 2010 (Hong Kong’s year over year holdings are down as well). Chinese President Hu Jintao made it clear where the Chinese stand with regards to the US dollar of the future calling the current dollar-led global monetary system a “product of the past.” While this may not necessarily mean the Chinese will one day, all of a sudden, halt all purchases of US debt, it is certainly reason for concern to those hoping to maintain a strong and stable U.S. currency. Our major foreign creditor is reducing their exposure - that means something, or at least it should. The US dollar, as it has for the last 100 years, will continue to weaken over time compared to other major currencies, and our dollars will buy fewer and fewer goods as a result. The nation’s fiscal problems will see to it that the depreciation of the dollar accelerates over time.
The slow collapse of the dollar, in our view, would be the best-case scenario, but there is still the very real possibility that China completely pulls the plug and kills the patient. Ms. Flitter writes:
To be sure, the idea that China would suddenly sell its U.S. debt holdings is almost unimaginable to some.
After all, any weakening in the U.S. debt markets and the resulting global markets turmoil, including likely weakness in the dollar, would bounce back on China and could hurt its economy badly, especially as the United States is such a huge Chinese export market.
It is only unimaginable to some because they don’t believe it can happen here. But it can happen here - it must. The lead stories during this economic recession/depression have been about real estate, jobs, and GDP. The real story is none of those. Although it has yet to become the mainstream talking point , the real crisis facing America is a sovereign debt crisis. We have too much debt, and that’s going to get cleared out of the system one way or the other.
Any number of reasons, some of which Ms. Flitter mentions in her article, could be used as justification by China to stop the purchase of U.S. debt. Trade and resource disputes, Taiwan, or the final push to bring America to it’s knees. Sure, the Chinese economy and its people will hurt for a few years, but it would be a small price to pay by a communist Chinese government to see the world’s major super power be marginalized or perhaps even completely obliterated.
Make no mistake. The Chinese are at war. These events are not simple one or two dimensional short-term manipulations. The playing field is a grand chessboard and the Chinese have been positioning their pieces for decades. An attack on the King is imminent.
Ms. Flitter suggests several plans (packaging them into what she refers to as ‘Plan B’) to deal with the attack once it begins and be assured it will. You can be certain of it.
Banks could be called on to increase their holdings of treasuries, and as a last resort, the Federal Reserve could also be called on to fill the gap, though this could risk turning any dollar weakness into a slump.
Plan B is already in effect, as evidenced by the monetization of US debt by the Federal Reserve. It started in 2008 and continues to this day, with the most recent round being some $600 billion dollars (officially). In case you haven’t heard, the privately held (by major banking institutions) Federal Reserve is the largest buyer of US debt, having surpassed China as of November 2010.
Given that we have been engaging in Quantitative Easing for quite some time, and the US dollar continues to lose strength and status, we suggest that Plan B has already failed.
Plan C
In 2009, economist Brad Setser suggested the United States could establish emergency currency swap lines with political allies if a country like China ever abandoned the U.S. debt market.
But the list of countries prepared to step in as buyers when U.S. Treasury officials try to hawk U.S. debt or seek foreign currency loans has probably changed somewhat since Europe became mired in a debt crisis.
To some extent, this plan is also already in effect. Japan and the UK have recently become aggressive buyers of US debt. The hope is, that along with Fed monetization, the dollar will be stabilized. However, as the US government continues to issue more debt, raises the debt ceiling and commits the American people to trillions more in liabilities, this strategy is doomed to fail, as well. How much debt can the UK, another nation in a sovereign debt crisis, continue to purchase? And if China pulls out, will Japan continue to throw good money after bad?
Plan D
“The U.S. government should have and maybe still could call on the people of the U.S. to invest in U.S. debt,” said David Walker, a former U.S. comptroller general who heads an advocacy group calling on the government to curb the U.S. budget deficit and borrowings.
…a confrontation (e.g. Taiwan, trade war, or resource dispute) would also make it easier for Washington to appeal to the American public to buy its debt for patriotic reasons.
If we do get to a point where the US dollar comes under attack from a Chinese sell-off, it may be hard to convince an already broke and hungry population to invest their last remaining financial life lines into a collapsing currency. This doesn’t mean that our government won’t try. They’ll appeal to our sense of patriotism and tell us that this is the only way to save our currency.
Remember, however, that if it gets to this point it means that all previous plans have failed - the Fed monetization will have done nothing and foreign buyers have dried up. Anyone getting in at this point will be setting themselves up for a total loss.
Not to worry, however, as there’s always…
Plan E
In the past, anytime a government has failed to save itself from excessive and out of control spending, it has turned on its own people. When Plan D proves to be a failure and those with money in their retirement and bank accounts refuse to buy in to the propaganda, the government will take drastic steps. Similar to Argentina and the push by some European countries as of late, the US government will set its cross hairs on your retirement and private pension accounts. We’ve written about it before, and for the time being it’s but a discussion in a Congressional committee.
But when the Federal government and US Treasury are backed into a corner, they will undoubtedly attempt a mandated appropriation of all retirement funds for the greater good. The people will be outraged, sending letters, emails and phone calls to their Congressional representatives, but as we saw with the bailout bill and nationalized health care, the people will be ignored. It will be your patriotic duty, just as it is, according to Vice President Joe Biden, your patriotic duty to pay more taxes.
Doomed
In the end, no amount of monetization or deal making with other countries, or forced appropriations of personal assets will be enough to save the dollar. Why?
Because no one in any position of influence has suggested and/or implemented a workable Plan A.
We are attempting to treat the symptoms of the disease, rather than the disease itself.
Spending is the elephant in the room that is single-handedly responsible for the sovereign debt crisis in which we find ourselves. If we continue to spend with reckless abandon as we have done for decades, then it is simply not possible to ever payoff the money we already owe. Estimates suggest we as a nation owe in excess of $200 trillion in current and future liabilities.
At what point will China and the rest of the world finally say enough is enough?
Posted by Admin | Posted in Economy, Technology | Posted on 12-01-2011
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This is a guest post from Hunter Richards of Software Advice, which provides reviews of project accounting systems and other software.
Got a teen playing Wii instead of doing homework? You might want to share this post.
Despite the tremendous benefits of information technology (IT), it comes at a human cost - the displacement of less-skilled employees. As software and systems automate an increasingly large portion of business processes, the displacement is affecting a wider set of workers. So despite an improving economy, 9.5% unemployment might last longer than many think.
Here we walk through a fairly simple story of man versus machine. It’s not a new story, but we went to the effort of pulling together and visualizing the relevant data.
Our conclusion? Drop the Wii-mote and hit the books.
IT spending has risen dramatically over the last 40 years...
IT spending has steadily risen since 1970. Trendlines and new opportunities like cloud computing suggest that the current dip in spending is only temporary.
...making us more productive...
Technology has made labor more productive. There’s a long-term upward trend in labor output rates, and it isn’t slowing down.
...which has led to rapid growth in corporate profits.
The resulting productivity have been great for business - greater productivity means higher profits. But these profits don’t benefit everyone. They accrue to the executives and shareholders.
IT is slowly replacing many functions. There’s an ever-widening divide in the labor market between skilled occupations and what one might call “low-level jobs” - simple clerical roles, plant-floor workers, and low-level support roles.
While national unemployment rates have ebbed and flowed...
...the uneducated are consistently left behind...
This polarization between highly-skilled and less-skilled workers is part of what’s eroding the middle class, pushing more and more people into the low income bracket.
...and wealth has shifted toward the highest earners.
The less-educated workers who manage to keep their jobs are falling further
and further behind in the national income distribution as the relative value of their services declines.
Alas, high-tech industries are growing...
So how can you avoid being replaced by a machine? You’ll need to be one of the people who work in an advanced field that still requires highly-skilled human capital. Take the IT field, for example. The Tech Pulse Index tracks the growth of national economic activity in technology by combining data on employment, investment, production, shipments, and consumption. The Tech Pulse Index has risen sharply (with the exception of the dot-com bust around the year 2000), reflecting continued demand for high-tech workers. The same is true in other engineering disciplines, healthcare and finance.
...but an advanced education is required.
Are we educating people enough to slow the widening of labor market gaps? The graph above shows the percentage of all 18- to 24-year-olds enrolled in degree-granting institutions since 1970. There’s an upward trend, but is it growing fast enough?
IT is good for society in the long term, but it’s a double-edged sword when considered together with labor market trends. Sure, the current economic despair owes its severity to many different issues - offshoring of jobs, the real estate collapse, and the national debt are just a few - but education and income disparities are long-term problems that demand attention. We must align education growth with productivity growth to close the gaps.
Will this deus ex machina lead to an age of renewed human potential, or will it harm the well-being of the majority? Leave a comment below.
Posted by Admin | Posted in Police State | Posted on 02-01-2011
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The following list was compiled by "Major Carpenter", a great friend of the site. I think that you will really enjoy what he has put together. The truth is that the United States is in a serious state of decline, and in a desperate attempt to keep things together, the United States is rapidly being transformed into a totalitarian Big Brother police state. I don't want to make this introduction too long, so without any further yapping by me, here is the article that Major Carpenter sent over to us the other day.....
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I've compiled this list of horrors (in no particular order) from two prior lists, one done by U.S. author Naomi Wolf and another by UK writer Dr. Lawrence Britt, as published in the Guardian newspaper.
Sadly, I count all seventeen as aspects of the Untied Status of Amerika today. AKA the "BRA" (Banana Republik of Amerika).
Again, what do WE the PEOPLE do about it?
How many of these do you see as part of a once great country?
1. Powerful And Continuing Nationalism - Fascist regimes tend to make constant use of patriotic mottos, slogans, symbols, songs, and other paraphernalia. Flags are seen everywhere, as are flag symbols on clothing and in public displays.
2. Disdain For The Recognition Of Human Rights - Because of fear of enemies and the need for security, the people in fascist regimes are persuaded that human rights can be ignored in certain cases because of "need." The people tend to look the other way or even approve of torture, summary executions, assassinations, long incarcerations of prisoners, etc.
3. Identification Of Enemies/Scapegoats As A Unifying Cause - The people are rallied into a unifying patriotic frenzy over the need to eliminate a perceived common threat or foe: racial, ethnic or religious minorities; liberals; communists; socialists, terrorists, (Christians, Constitutionalists, conservatives, 2nd Amendment supporters, 1st Amendment supporters, 4th Amendment supporters, Ron Paul supporters) etc.
4. Supremacy Of The Military - Even when there are widespread domestic problems, the military is given a disproportionate amount of government funding, and the domestic agenda is neglected. Soldiers and military service are glamorized.
5. Controlled Mass Media - Sometimes the media is directly controlled by the government, but in other cases, the media is indirectly controlled by government regulation, or sympathetic media spokespeople and executives. Censorship, especially in war time, is very common.
6. Obsession With National Security - Fear is used as a motivational tool by the government over the masses.
7. Corporate and Government Power Are Intertwined And Their Combined Power Is Protected - The industrial and business aristocracy of a fascist nation often are the ones who put the government leaders into power, creating a mutually beneficial business/government relationship and power elite. (This is the actual definition of fascism according to Gerald Celente's historical description of Mussolini's opinion on the matter).
8. Obsession With Crime And Punishment - Under fascist regimes, the police are given almost limitless power to enforce laws. The people are often willing to overlook police abuses and even forego civil liberties in the name of patriotism. There is often a national police force with virtually unlimited power in fascist nations.
9. Rampant Cronyism And Corruption - Fascist regimes almost always are governed by groups of friends and associates who appoint each other to government positions and use governmental power and authority to protect their friends from accountability. It is not uncommon in fascist regimes for national resources and even treasures to be appropriated or even outright stolen by government leaders. (Gee how about several TRILLION DOLLARS printed out of nothing and handed over to U.S. and foreign banks and companies - does that maybe count? How about hundreds of thousands of people's homes? How many politicians leave Washington D.C. millionaires or billionaires after arriving there with next to nothing?)
10. Fraudulent Elections - Sometimes elections in fascist nations are a complete sham. Other times elections are manipulated by smear campaigns against or even assassination of opposition candidates, use of legislation to control voting numbers or political district boundaries, and manipulation of the media. Fascist nations also typically use their judiciaries to manipulate or control elections.
11. Dissent Equals Treason - Cast dissent as "treason" and criticism as "espionage". Every closing society does this, just as it elaborates laws that increasingly criminalize certain kinds of speech (see also #17) and expand the definition of "spy" and "traitor".
12. Create A Gulag - Once you have got everyone scared, the next step is to create a prison system outside the rule of law - where torture takes place. Gulags in history tend to become ever larger and more secretive, ever more deadly and formalized. Most Americans don't understand yet that the destruction of the rule of law at Guantánamo set a dangerous precedent for them, too.
13. Deny Prisoners Due Process - Prisoners held indefinitely, often in isolation, and tortured, without being charged with offenses, and subjected to show trials.
14. Militarize The Police - When leaders who seek what I call a "fascist shift" want to close down an open society, they send paramilitary groups of scary young men out to terrorize citizens: (the powers that be) need citizens to fear thug violence and need thugs who are free from prosecution.
15 . Set Up An Internal Surveillance System And Harass Citizens - In Mussolini's Italy, in Nazi Germany, in communist East Germany, in communist China - in every closed society - secret police spy on ordinary people and encourage neighbours to spy on neighbors. The Stasi needed to keep only a minority of East Germans under surveillance to convince a majority that they themselves were being watched. In 2005 and 2006, when James Risen and Eric Lichtblau wrote in the New York Times about a secret state program to wiretap citizens' phones, read their emails and follow international financial transactions, it became clear to ordinary Americans that they, too, could be under state scrutiny. In closed societies, this surveillance is cast as being about "national security"; the true function is to keep citizens docile and inhibit their activism and dissent.
16. Harass Citizens' Groups - Next step is to infiltrate and harass citizens' groups. The American Civil Liberties Union reports that thousands of ordinary American anti-war, environmental and other groups have been infiltrated by agents. The secret Counterintelligence Field Activity (Cifa) agency of the Department of Defense has been gathering information about domestic organizations engaged in peaceful political activities: Cifa is supposed to track "potential terrorist threats" as it watches ordinary U.S. citizen activists. A little-noticed new law has redefined activism such as animal rights protests as "terrorism". So the definition of "terrorist" slowly expands to include the opposition.
17. Rampant Sexual Harassment - The state is represented as the ultimate guardian of the family institution. (Sexual harassment by the state against the people takes place in order to demotivate opposition and destroy morale; the recent TSA activities are nothing more than a power play to ensure that the people know they are nothing more than slabs of meat to the powers that be – who are of course, exempted from being sexually harassed. Furthermore, the state decides what is sexually "appropriate" and enforces it's opinion over the objections of the moralities of the nation and a majority of people who believe in them (i.e. homosexuality, abortion, pre-marital sex, etc.) are promoted as "normal" and any - pardon me - 'deviation' from that opinion is made out to be "hateful" and nearly criminal, with consequences including the denial of rights, property and even children being removed from parents if the parents do not hold the "politically correct" ideologies.
If you want to get on an airplane in America today, you either have to allow TSA security officials to gawk at your exposed body using the new full body scanners that literally show "everything", or you must submit to the new "enhanced pat-downs". These pat-downs are so intrusive that many of those who have experienced them are using the term "sexual assault". The truth is that TSA officials have been instructed to start using the fronts of their hands to feel the outlines of male and female genitalia during these pat-downs. Not only that, but instead of going over the clothing, in many instances it is being reported that TSA officials are actually reaching down the pants and up the skirts of air travelers. Some TSA officials are doing this hundreds of times a day, and they do not put on clean gloves each time they perform an examination.
This is what America has sunk to. Today, in the "land of the free and the home of the brave", Americans are groped like farm animals by tyrannical thugs who get to do pretty much whatever they want with us. Things have gotten so bizarre that now even a columnist for Forbes magazine is calling for the TSA to be abolished.
The following are 7 TSA horror stories that are almost too shocking to believe. But all of them are actually true....
#1 Blogger Erin Chase is a regular air traveler, but she was completely unprepared for what she was about to experience as she went through airport security recently with your young baby....
She patted my left arm, my right arm, my upper back and my lower back. She then said, “I need to reach in and feel along the inside of your waistband.”
She felt along my waistline, moved behind me, then proceeded to feel both of my buttocks. She reached from behind in the middle of my buttocks towards my vagina area.
She did not tell me that she was going to touch my buttocks, or reach forward to my vagina area.
She then moved in front of my and touched the top and underneath portions of both of my breasts.
She did not tell me that she was going to touch my breasts.
She then felt around my waist. She then moved to the bottoms of my legs.
She then felt my inner thighs and my vagina area, touching both of my labia.
She did not tell me that she was going to touch my vagina area or my labia.
So how did Erin feel after going through this horrifying experience? The following is how she described her very physical reaction....
I stood there, an American citizen, a mom traveling with a baby with special needs formula, sexually assaulted by a government official. I began shaking and felt completely violated, abused and assaulted by the TSA agent. I shook for several hours, and woke up the next day shaking.
Here is why I was sexually assaulted. She never told me the new body search policy. She never told me that she was going to touch my private parts. She never told me when or where she was going to touch me. She did not inform me that a private screening was available. She did not inform me of my rights that were a part of these new enhanced patdown procedures.
#2 It is being reported that TSA officials are now reaching down the pants of travelers as part of the new "enhanced pat-downs".
Yes, you read that correctly.
They are actually reaching down the pants of air travelers and touching their genitals. Radio host Owen JJ Stone recently described to Alex Jones the horrifying things that a TSA official did to him the last time he went through airport security....
#3 A 43-year-old mother was completely shocked when she was recently picked at random for an "enhanced pat-down" at Sacramento International Airport.
"She said 'spread your legs.' And then she took her full palms and started at my neck and ran all the way down my body, full palms, constant contact. And when she got down to my feet, she was in constant contact from my ankles all the way up to my groin, across my groin, and down the other leg. And she did that twice."
#4 Even members of the mainstream media are expressing horror about these new procedures. CNN employee Rosemary Fitzpatrick didn't know how to respond when a TSA official ran her hands around her breasts, over her stomach, across her buttocks and over her genitals when she recently went through airport security. The following is how Fitzpatrick described how she felt about the experience to CNN....
"As an experienced traveler for work who was in tears for most of the search process, I have never experienced a more traumatic and invasive travel event!"
#5 One of the most horrifying TSA horror stories to come out in recent years is the subject of an ongoing lawsuit. The incident involved a 21-year-old college student from Amarillo Texas. According to the lawsuit, as she went through airport security at Corpus Christi airport on May 29th, 2008 a TSA agent pulled her blouse down and exposed her breasts....
"As the TSA agent was frisking plaintiff, the agent pulled the plaintiff’s blouse completely down, exposing plaintiffs’ breasts to everyone in the area."
The suit also alleges that TSA workers continued to joke about the incident afterwards....
“One male TSA employee expressed to the plaintiff that he wished he would have been there when she came through the first time and that ‘he would just have to watch the video.’”
#6 Also back in 2008, the TSA actually forced a 37-year-old Texas woman to remove her nipple ring with a pair of pliers before they would allow her to get on an airplane. The following is what Mandi Tamlin had to say about her harrowing experience with the TSA....
"My experience with TSA was a nightmare I had to endure. No one deserves to be treated this way."
#7 These new procedures are catching many travelers completely by surprise. One flight attendant named Megan recently posted her airport security horror story on the We Won't Fly Facebook page....
I am a Flight Attendant for a major airline. I am currently out on disability because of a hip replacement. My husband (who is a pilot) and I flew out of Portland, Maine on November 9th, to New York for my 6 week follow up appointment. I had… my other hip replaced back in 2008 and totally know the entire procedure going through security. So I THOUGHT!
My husband waited for me on the opposite side through security with all of my belongings while I endured the “new” pat down procedure. I was asked by the female TSA agent if I wanted a private screening and I said no because I had did not expect what was about to happen.
The agent went up my right leg first and then met my vagina with full force….the same on the other leg with the same result. She then used both of her hands to feel my breasts and squeezing them. At this point I was in shock.
When I came out of security my husband asked me. “What the hell was that?”. I have never felt so humiliated and violated. I have gone through the stages of being a sexual assault victim…Shock,Denial,Blame,Pain,Anger…I have yet to come with the Acceptance stage.
The bottom line here: We are ALL American citizens and should not be forced to succumb to a government agency that is clearly violating our Fourth Amendment!
Are we still living in America? Did we suddenly wake up and find ourselves in an episode of the Twilight Zone?
Every single month the United States seems to slip a little bit more down the road toward becoming a tyrannical Big Brother police state.
The truth is that the TSA is completely and totally out of control. If you doubt this, just watch the following short video....
Things have gotten so bizarre that now other countries are even making fun of our new airport security procedures. Just check out the following new animated video from Taiwan....
With so much outrage pouring in from the public over these new procedures, certainly changes are on the way, right?
Wrong.
TSA Administrator John Pistole told Congress on Tuesday that there is simply no way that he is going to change "his" policies.....
"If you are asking me, am I going to change my policies? No."
So aren't our politicians doing anything about this?
Unfortunately, most of them are so incompetent that they wouldn't be able to find their feet if they weren't attached to their legs.
However, there is one glimmer of hope. U.S. Representative Ron Paul has introduced H.R. 6416 (The American Traveler Dignity Act) in Congress.
So what would this law do?
Well, Paul recently had the following to say about his proposed law....
"My legislation is simple. It establishes that airport security screeners are not immune from any US law regarding physical contact with another person, making images of another person, or causing physical harm through the use of radiation-emitting machinery on another person. It means they are subject to the same laws as the rest of us."
So is there any hope that this thing will pass?
You never know.
What all of us can do is that we can start making as much noise as possible until changes are made.
If things remain as they are, one thing is for certain - a whole lot less people are going to be flying from now on.
Posted by Admin | Posted in Obama, Politics | Posted on 13-10-2010
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It turns out that a lot of pro-Obama organizations ended up receiving a lot of "economic stimulus" money. For example, it is being reported that the Obama administration gave General Electric $24.9 million in grants under the stimulus law. Keep in mind that General Electric was the corporate owner of NBC, MSNBC and CNBC during the 2008 election. These various news outlets were absolutely shameless when it came to promoting Barack Obama during the 2008 election. In fact, MSNBC was more radically pro-Obama than even CNN was (and that is saying a lot). Apparently Barack Obama was quite grateful for all the help. 25 million dollars is one heck of a tremendous thank you gift. General Electric was the primary recipient of 14 separate economic stimulus grants. In addition, the recipients of four other economic stimulus grants hired GE as a contractor. So is this the way that the game of politics is played in 2010? Sadly, the truth is that this is how the game of politics has been played for decades in this country.
It isn't as if GE isn't doing well. According to Standard & Poor's, GE had $156 billion in revenue during 2009. But we all knew that the "economic stimulus" money wasn't really about stimulating the economy, didn't we?
A big percentage of the economic stimulus money went for the pet projects of individual members of Congress and for "payback" to those who helped Obama and other Democrats get elected.
In fact, if you want to get a really good idea of just how much money was horribly wasted by the stimulus law, just check out this great article.
So we shouldn't be surprised that GE was handed 25 million dollars. This is the way the world works now.
The truth is that MSNBC could be aptly renamed "The Obama News Network". They are perhaps the most clearly partisan news channel that the U.S. has ever seen....
Here you see Chris Matthews openly admit that his job is to help make Barack Obama's presidency successful....
Even Bill Maher (who hates George W. Bush and the Republicans) admits that the pro-Obama coverage by MSNBC has been way over the top....
Liberals whine and moan constantly about the supposed "conservative bias" on Fox News, and yet they have no problem with the extreme liberal bias on MSNBC, CNBC and NBC News.
If George W. Bush had tried to hand Rupert Murdoch 25 million dollars the liberals would have yelled and screamed about it for years.
But when Barack Obama hands his friends at General Electric 25 million dollars hardly anyone notices.
The truth is that both political parties are deeply corrupt and the way that the game of politics is played in this country needs to be seriously reformed.
The PCE bothered me yesterday.
