Wednesday, February 26, 2014

Fwd: If not tyranny then what?

If not tyranny from 0bama, then what?

"I don’t mind telling you I was a bit troubled today by the tone of the president. When you have governors, and we all compete against each other–we are the laboratories of innovation–and for the President of the United States to look Democrat and Republican governors in the eye and say, ‘I do not trust you to make decisions in your state about issues of education, about transportation infrastructure,’…that is really troubling.

...As a matter of fact, I heard him (Obama) say in that meeting, ‘If I hear any of you pushing back, making statements about Washington spends too much money, you’ll hear from me.’ If I’m a Democrat governor, if I’m a Republican governor, I’m highly offended by that." --Gov. Rick Perry (R-TX) describing his meeting with President Obama

Larwyn's Linx

Friday, February 21, 2014

Why the Fed gets paid the big bucks

This picture of Bernake praying pretty much sums up the FED policy. PRINT money and hope that fixes something...

Yea, Bernake is right, it's an adverb. Too bad the Federal Reserve DOES NOT know anything about how to do long term growth in an economy.... Hands off the economy!

More quotes from the brainiacs at the Fed:

  1. Bill Dudley December 2008: "I read the Stiglitz paper three times, and then I started to understand it. [Laughter] "

  2. Bernanke: "the NBER finally recognized that a recession began in December 2007....they also recognized that Christmas was on December 25"

  3. Pisani: "the markets don't react to anything"

  4. Yellen December 2008: "I hope that a recovery will begin in the middle of next year"

  5. Fisher December 2008: "The economist who gives a negative forecast is arrested for treason. Stay here. [Laughter]"

  6. Bernanke: "I’m in awe of a presentation that has Rube Goldberg, the Black Death, “Bennie and the Jets and full frontal in it [Laughter]”

  7. Fisher: "we’re at risk of being perceived as migrating from patron saint of Milton Friedman to a new patron saint—Rube Goldberg. [Laughter]"

  8. A little late, but we'll take it: "It is becoming abundantly clear that we are in the midst of a serious global meltdown."- Yellen, Oct '08

  9. Bernanke March 2008: "At some point either things will stabilize or there will be some kind of massive governmental intervention"

On Fri, Feb 21, 2014 at 11:29 AM, liberal Dude wrote:
he is right
-----Original Message-----

We're all screwed..

"We are not clueless," Kevin Warsh notes in this September 16th 2008 Federal Reserve transcript (as the entire financial system was imploding around them); but it is the final 'debate' in this brief section that sums up what Marc Faber has feared all along. Adjective or Abverb?
MR. WARSH. I think the sentiment we are trying to suggest is watchful waiting. We are not indifferent, we are not clueless, we are paying attention, but we are not predisposed. Hence, Governor Kohn’s suggestion.
MR. KOHN. My suggestion was to substitute “carefully” for “closely.” I agree that “monitor closely” had this other connotation, but I think we should be seen as paying more attention than usual. There might be another alternative.
MR. DUDLEY. “The Committee will carefully evaluate economic and financial market developments.” That means you are on the case.
CHAIRMAN BERNANKE. Well, it is not an analytical thing we are doing. We are just watching closely.
MR. WARSH. Keenly? Carefully?
MR. LACKER. Mr. Chairman?
CHAIRMAN BERNANKE. Yes. President Lacker.
MR. LACKER. Including “closely,” what does that imply about the opposite? I mean, are we going to be able to take that out?
MR. WARSH. Well, we have done things like “in a timely manner” and other kinds of phraseology.
MR. LACKER. Yes, but this is an adjective.
CHAIRMAN BERNANKE. No, it’s an adverb.
MR. LACKER. There goes my credibility. [Laughter]

Monday, February 17, 2014

Re: Must be nice be paid and employed....

Bush, after being criticized by the MSM for taking vacation time,
after 9/11 took almost no vacation time.
He listened to the criticism, embraced it and changed so that
he put himself up as a paramour of what a leader should do to gain respect from
common folks like myself.

0bama has not followed suit and has taken way more liberty with vacation,
hobnobbing with rich.  He should embrace his own stated philosophy, and stay
away from the evil rich.

I myself am very envious of 0bama.
This president takes way more vacation than Bush.
I wish I had such liberties.

I know that such envy is not a good thing.
But it does exist, yet I am not proud of it.

On Mon, Feb 17, 2014 at 10:04 AM, socialist dude wrote: a professional writer and get paid for writing the crap this guy did.... going from rags to riches....the President does not abandon his friends, (and he is beat fro he in this article)...he enjoys once-in-a-lifetime opportunities, (instead of being a big dummy and not relaxing for  few hours like everyone else in America does when they are not working)....and STILL manages to fit in speeches and do networking around his moments of brief personal time off....and this article says anything? Like every president since time began, (except maybe Truman) the president plays golf when he gets a chance...and ANYONE says something about that? This is such an illogical partaking in the activities usually reserved for the ultra rich, he IS closing the inequality gap!! 

-----Original Message-----
Must be nice!
After decrying inequality, Obama golfs at personal course of mega-billionaire
Inequality in America is a terrible thing, unless it results in a nice afternoon at a golf course so private that "uncrowded" does not begin to describe the solitude a presidential foursome can enjoy More

The Hill reported yesterday:

President Obama is going golfing on Sunday at a private course owned by billionaire Oracle chief executive Larry Ellison.

Obama is staying at the Sunnylands estate outside of Palm Springs, Calif., over the weekend, after delivering a speech on the state's drought at a farm near Fresno and meeting with Jordan's King Abdullah II on Friday. He went golfing on Saturday with three longtime friends from Hawaii, who are also filling out the foursome on Sunday.

Ellison's 19-hole golf course in Rancho Mirage, Calif., sits on a 249-acre desert estate called Porcupine Creek that also hosts four guesthouses, a swimming pool, driving range and Mediterranean-style villa, according to The Los Angeles Times.

Obama's host Ellison is reported to be worth $41 billion, and is renowned for his sporting activities, including the America's Cup race, another sport inaccessible to all but the richest. Yet instead of recoiling in horror from this embodiment of the unequal distribution of wealth, Barack Obama is not just happy to indulge himself, he brings in his posse of childhood friends to enjoy the privileges of the ultra-rich.