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Old 08-06-2011, 05:36 PM   #166
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The saddest thing of all, apart from those heinous Republican tactics, is that the cuts from the 'Debt Ceiling Deal' were all cuts into projected growth spending. It didn't address the real spending problem at all.

So yeah...still fucked.

Democrats are almost as silly as their counterparts. I think more and more people are starting to learn this. They could have proposed some real reforms but Obama sat on his hands and said "that's your job" to Congress. And Congressional Dems are as effective as wet toilet paper. So in the end, it was all a big stunt.
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Old 08-07-2011, 08:50 AM   #167
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So yeah...still fucked.
Ugh. No doubt.



Precious metals FTW on Monday?
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Old 08-07-2011, 04:38 PM   #168
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^ I'm still wondering what the point of Bowles-Simpson was if it was just going to get dropped like a hot potato...


On a related f*up,

Daily Beast, Aug. 6
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A whopping $26 million was raised in the first half of this year by independent groups known as "super" political-action committees [PACs], according to Federal Elections Commission filings...Though 91 super PACs reported receipts at the end of July, just five groups accounted for $22 million of that haul, according to the Sunlight Foundation:

•Restore Our Future [conservative] $12.2 million
•American Crossroads [conservative] $3.9 million
•Priorities USA Action [liberal] $3.1 million
•American Bridge 21st Century [liberal] $1.5 million
•Majority PAC [liberal] $1.1 million

Super PACs may raise unlimited funds from individuals, corporations, or unions to advocate for or against political candidates. They may also spend unlimited funds, though they may not coordinate with or contribute directly to a candidate's campaign. And they...can avoid disclosing donors by contributing funds raised to 501(c)4 organizations; these nonprofit "social welfare" organizations are not required by law to reveal their donors. During the midterm elections, five super PACs attributed all or nearly all of their contributions to nonprofit organizations.

The dual-structure affiliation of super PACs and nonprofits is currently legal, but it's an end run around the voice of the voter, and the potential for corruption is great. Big corporations, big unions, and wealthy individuals may once again have unlimited influence on elections and officeholders. This was the reason "soft money" donations to the political parties were banned in 2002, and the ban affirmed by the Supreme Court in 2010.
The author goes on to advocate for an end-run around Congress on the issue by amending the Constitution through a national convention as per Article V. Indeed probably the only way it would ever happen.
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Old 08-07-2011, 08:46 PM   #169
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Bowles-Simpson, apparently, needed 14 of 18 members voting to approve it, in order for the members themselves to 'endorse' it. It received 11 votes.

I don't know if that's why Obama abandoned it.
But, like everything else, it was assaulted on all sides as well.

I actually like Alan Simpson. He just tells it like it is. Might not agree with him on everything but he's not playing the BS game like so many of the rest of these guys.
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Old 08-07-2011, 08:51 PM   #170
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Ugh. No doubt.



Precious metals FTW on Monday?
I foolishly lost a lot of money shorting gold earlier this year. Glad I closed the position out a few months' back, is all I can say.
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Old 08-07-2011, 10:09 PM   #171
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Gold at 1693, up 2.65 already.
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Old 08-07-2011, 10:27 PM   #172
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I actually like Alan Simpson. He just tells it like it is.


‪Alan Simpson Says Snoopy Snoopy Poop Dog‬‏ - YouTube
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Old 08-07-2011, 10:30 PM   #173
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So Glenn Beck was right all along?
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Old 08-07-2011, 10:51 PM   #174
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‪Bill Maher vs Alan Simpson‬‏ - YouTube
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Old 08-08-2011, 05:29 AM   #175
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So Glenn Beck was right all along?
I know I shouldn't bite... but... right about what?
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Old 08-08-2011, 06:42 AM   #176
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So Glenn Beck was right all along?
Or was this part of his design?

The tea party wanted a fall in the credit rating and now they got it... You get the uninformed to do the work for you, this has always been the plan of the Beck's in the world.
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Old 08-08-2011, 06:55 AM   #177
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Standard and Poor is a stupid name.
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Old 08-08-2011, 08:39 AM   #178
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Standard and Poor is a stupid name.
more like being poor is the standard, lol
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Old 08-08-2011, 02:03 PM   #179
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Amidst riots in central Europe that have now spread to London and a debt downgrade that threatens to plunge the United States into a double-dip recession, Americans’ lack of confidence in their leadership is so crippled that they are now “pre-revolutionary,” according to pollster Pat Caddell.
A new Rasmussen poll shows that just 17 per cent of Americans believe that the U.S. government has the consent of the governed, an all time low. This dovetails with a record low for Congress’ approval rating, which stands at a paltry 6 per cent, while 46 per cent of Americans think most members of Congress are corrupt, with just 29% believing otherwise.
“The number of voters who feel the government has the consent of the governed – a foundational principle, contained in the Declaration of Independence – is down from 23% in early May and has fallen to its lowest level measured yet,” according to Rasmussen.
The poll was conducted before Friday’s U.S. debt downgrade, indicating that the figures could be even more dire in the aftermath of what some analysts believe is a precursor to a new great depression.
The results of this survey indicate that Americans are now “pre-revolutionary” says pollster Pat Caddell, who described the outcome of the poll as “unprecedented”.
This conclusion follows Caddell’s observation last November that “a sea of anger is churning” amongst Americans who “want to take their country back” and that the nation stood on the brink of a “pre-revolutionary moment”.
Caddell’s conclusion that Americans are on the verge of rising up against a system in which they have lost all trust cannot be easily dismissed as partisan rhetoric. Despite working for numerous Democratic presidential candidates, including Jimmy Carter and Joe Biden, Caddell has been a vociferous critic of both Democrats and Republicans on several issues.
Back in early 2008, before the collapse of Lehman Brothers and the start of the financial crisis, we warned that inflation and economic uncertainty would cause a massive social dislocation, which would lead to riots globally. Gerald Celente and others repeated the warning in late 2008. Over the last 18 months, we have now witnessed such scenes across the Middle East and in France, Spain, Greece, Italy and most recently London.
Indeed, the only major western country not to experience significant social unrest since the economic collapse is America, although anecdotal evidence of rising crime and thefts suggests a turning point could be just around the corner.
Pollster: Americans Are “Pre-Revolutionary” Alex Jones' Infowars: There's a war on for your mind!

Yep. We're fucked in so many ways.
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Old 08-08-2011, 03:54 PM   #180
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Dow is down 600. Not even close to where the Dow was in 2009, but this doesn't bode well.

The news:
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