Famously several investors placed bets that the housing market would collapse, commonly referred to as "the Big Short." ("short" is a trader's term for investing in a manner that one makes money if the stock loses value) One can help but observe there is a tremendous opportunity to make money by placing bets that payoff if the unimaginable happens, the US treasury defaults on the debt. Of course i have no evidence that investors are taking this position. But the opportunity is there.
All of us living by wages and not by investments face political pressures that vary from open hostility to smug indifference. How much more are we expected to take? Well, it is not going to stop until we say we've had enough.
Let us declare a General Strike, where all who make a living by hourly and salary wages withhold our labor from those who make a living from their investments. do not show up for work on Friday, September 2, 2011 (friday before the labor day holiday).
Today's new york times op-ed damning Geither for a pathetic, inadequate home mortgage rescue program is right on the mark.
But it begs the question - if not that, then what?
there has been surprisingly few solutions of useful value put forward to address the underwater morgage problem; families that owe more on their mortgage than the house is worth. it is a problem that cries out for an answer.
yet, a simple look at the cash flows of mortgages and taxes leads quickly to an obvious answer that i've never seen published.
I am interested in your guys' take on this idea:
Propose a constitutional amendment to limit pac and corporate contributions to political campaigns.
i will give $1,000 to the youth sports teams in a hometown that meets these criteria:
1 - population of 6,300 or less
2 - spent nearly $200,000 on a lobbyist
3 - the lobbyist secured earmarks from your own Senators
Is Wailla (not eligible) under Mayor Palin the only town to fit this description? has no other small town in America invested so heavily in the lobbyist/earmark system?
more after fold
John McCain continues to advocate for "personal accounts" where social security money can be directed through investment banks to stocks and bonds. today, the world's fourth largest investment bank failed, as did a top stock brokerage. if John McCain becomes President, today's events would have a greater effect than the present economy: it would impact your post-retirement future as well.
TODAY'S A GOOD DAY TO REMIND AMERICANS WHAT JOHN MCCAIN IS WILLING TO RISK.
no media person blasted fox news for being outrageous and inappropriate for the "terrorist fist jab", or the muslim misattributions, or the spurious connections to "american terrorists", or any of that.
not a single word was said outside the crazy-liberal-blogisphere.
but then it appears in a parody on the new yorker cover, and they can't stop taking righteous stands.
there can not be any greater evidence of the fox accomodating dna of the media. any outrage can be repeated endlessly on fox - they are expected to do it. and the effective outrages can become conventional wisdom. the media treats fox like a farm league for political hatchet messaging. and if fox can get a lie out there that's unavoidable, the media will bring the absurdity to the big time.
god, i wish we had a thinking media.
the republicans are weak, and can not go into the election resisting lobbying reform. democrats should push the issue now, and eliminate the corporate and lobbyist money that has supported republican policy-making. republicans can't vote against it in this season of change. democrats can end the easy money/bribery that keeps republicans as perpetual well-funded (except this year).
more after the break...
UPDATE TO MATH -
perky mcjuggs (god, i hope you're single and wanting to get a coffee, ya'know, or somethin') and uniter pointed out an omission in the math - update is below rest of post
yep, only 19 pleadged delegates will mathematically end the opportunity for hillary to win the pledged delegate race.
once obama scores 19 magic number delegates, the only way hillary can win is by attracting a strong majority of superdelegates.
stay with me, it will all make sense when you look at the math.
if you were the author of the story of the primary campaign, how would you write the ending? what would you like to see happen from here that best positions the party for the general? let's establish a couple ground rules:
1 - the narrative must bring supporters of both candidates into a passionate campaign for the general election. the losing candidate must not feel vanquished and the supporters not feel excluded.
2 - hillary wins pennsylvania with something less than 60%.
3 - neither candidate gets all the pledged delegates necessary to win.
how does it all end, in your mind's eye? how can it end in a manner that brings unity to the party and power in the general election?
Given the excellent analysis above that she can not get enough pledged delegates to win; and, an emerging consensus that the superdelegates would neither undo the primary voting winners nor break for her at the 60%+ rate necessary to override the pledged delegates one has to ask, is she building a coalition or base so that can not be overlooked in the VP selection?
the newspapers report she brought up the "dream ticket" recently.
of all the delegates to be awarded on super tuesday, more than half will be awarded at the district level. there will be 526 delegates awarded based upon the proportional votes within the state.
but because partial delegates are not awarded, a candidate needs to win 70% of the vote in alaska in order to secure an additional delegate, while in California an extra delegate is awarded for every 1% of the vote statewide. it is possible for a candidate to rack up large wins in small states and not see any benefit in the delegates awarded.
so, in each state how big a vote do you need to win a statewide delegate?
state by state results below...
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