How Depressions Start

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Monday May 09, 2011 · 6:03 AM PDT

2011/05/09 · 06:03

American History fact every time there has been a serious attempt to reduce the US deficit since the countries founding has resulted in a depression (with the exception of the Clinton era)
Each was preceded by rampant speculation, business collapse, the state's budgets swelling, the Federal government swallowing the debt and tried to goose the economy. The economy starting to move, then the public and business leaders deciding the debt was too high started screaming for cuts. The Government listened and pulling back too early. Then the country fell off the rail till the next bubble started.

This happened over and over again until The Banking Act of 1933 better known as Glass-Steagall which was created for the next 47 years stop massive boom and bust cycles created by speculation. Then in 1980 the chipping away at the act started with Depository Institutions Deregulation and Monetary Control Act of 1980 and more and was less repealed by Gramm–Leach–Bliley Act of 1999. Starting super boom cycle that eventually ended in the Global financial crisis of 2008–2009. The only thing that kept us from going over the cliff like in 1929 was the insertion of capital by the government. Which short circuited the Depression but also brought on non-core inflation, and now is bringing demands for Massive cutting that will likely lead us into a depression.

Austerity attempts in US History.

1817-1821 = 1819-21 depression
1823-1836 1837-42 depression
1852-1857 1857-1859 depression
1867-1873 =1873-1879 depression
1880-1893 = 1893-1897 depression
1920-1930 = 1929-1941 depression

Condoleezza rice lied on the last word with Lawrence O'Donnell about canada

Orin76

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Thursday May 05, 2011 · 6:04 PM PDT

2011/05/05 · 18:04

I'm sorry Miss Rice, Canada in no way no how was involved in the invasion. Canada was involved in the reconstruction. But it was in no way involved in the invasion. Prime Minster Jean Chrétien refused to be involved in over the object of opposition leader and current Prime minster Harper who wanted to and thought they should have but they did not and would not without a UN resolution to do so. So this assertion that Canada was in any way involved in the Invasion of Iraq is patently false.

Lawrence let this go I think it just slipped by him because, either he didn't notice or because she had just gotten finished screaming a list of countries that were involved, and in her hyperbole let out a country that didn't.

The Oil and Commdities industries paying pr trolls to disrupt discussions on Daily Kos

Orin76

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Friday April 29, 2011 · 8:14 PM PDT

2011/04/29 · 20:14

I've noticed over the past few weeks as the number of Diaries related to these subjects have increased so have comments and responses that look like they came off an advocacy website: non-sequitur and half-truth arrangements; that the advocacy groups for these industries traffic in; making these overarching statements; about taxes paid while failing to mention they aren't paid in the us, or using made up played down stats; diatribes about the free market which don't even match free market principles; but are simply what is in the best interest of the industry. In fact I'm now seeing direct quotes being used off the American petroleum institute’s website and other trade orgs and the authors are being so bold as to even give credit for the facts used in the posts. These industries seem to have become so desperate to crush dissent they have decided to send their trolls and paid conversation disruptor on to daily kos for fear that one of our ideas but gain traction. You generally tell these people are paid by the industries because they have just suddenly opened up their accounts or have accounts with little or no longer term activity. I assume as the debate about the rule the oil and commodities industries play in the current oil prices continue this will increase. I just thought everyone should be aware of this

Deport Orly Taitz

Orin76

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Wednesday April 27, 2011 · 5:53 PM PDT

2011/04/27 · 17:53

I personally feel that this woman lied to Us officials to gain Us citizenship. That she mislead us immigration about her psychological fitness and her Citizenship should be revoke by the us government and she should be deported to Moldava. She should be taken into custody by us immigration officials and should be put on trials now.

Two Real Conspiracies that are a real threat to America

Orin76

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Wednesday April 27, 2011 · 8:05 AM PDT

2011/04/27 · 08:05

1.Grover Norquist's attempt to Bankrupt America for his own benefit with the help of the Republican party.

Norquist has made billions of dollars selling his big lie that cutting taxes creates jobs and is good for the us economy. That the only way to fix the country is to destroy the government.

2. There interaction between Fox news and CNN in creating phoney stories and getting the rest of the media to cover it and how Cnn is benefiting from prop up the tea party, and their cheerleading of it.

It's been quite clear since 2009 that Fox news and CNN has been interacting with each other Fox selling the stories then CNN acting as a verification mechanism. Beyond that suddenly in 2009 CNN started filling it's political team with fmr member of the Bush adm and other right wing commentators. Who spent over a year pumping up the image of the tea party and working in cooperation with different tea partiers and treating them like real journalists. To the point that CNN is now sponsoring a Republican Debate with the tea party. It has gotten to the point on CNN where there commentators are almost booing and hissing anytime Obama gains any traction or something good happens, and cheering anytime something bad happens.

If you don't like the Tea party Garbage protest outside the CBOE

Orin76

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Tuesday April 26, 2011 · 7:16 PM PDT

2011/04/26 · 19:16

Tea party let Rick Santelli what you think Protest outside the Chicago Board of Trade

Chicago Board Options Exchange
400 South LaSalle Street
Chicago, IL 60605

make them nervous it's the only way to make them stop and i don't mean soft non confrontational protests I mean load ones that will get you on tv

Trump and Pat Buchanan playing latest race card

Orin76

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Tuesday April 26, 2011 · 2:22 PM PDT

2011/04/26 · 14:22

affirmative action this is the latest in the line of playing Race Baiting pissing playing off angry white people. What is next are they going to burn a cross on the Front lawn of the white house. The Republicans are Just proving they are angry white racists.

America's Real Education Problem lack of Respect for it

Orin76

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Monday April 25, 2011 · 7:52 AM PDT

2011/04/25 · 07:52

re-posted (because people were paying more attention to my grammar than the underlying topic)

I've heard excuse after excuse over the years how the collapse of our education system is a result of bad teacher or funding. The real problem I see is that there seems to be a lack of respect for Education in America. This is manifested in our culture which oozes with examples like Al Bundy's chronic mocking of teachers in the late 80's and thru the 90's to the underlying view in American culture that teachers are somehow lazy are because they only work 9 or 10 months of the year (irrespective of the actual hours they work or extra training). As, well as numerous songs about how no knowing anything is wonderful. I'm not saying this is a new thing there has always been a general under current of being simple was a virtue but there was at one point some respect as well for being learned

This view in the culture of Education has also manifested itself in the parents and students themselves. Parents and students seem more interested in the transactional view of school rather than if the student is learning anything. What I remember from school parents and students seem to be more interested in the grading curve than if their student was actually learning anything. I remember hearing parents complain more about the grade than what the grade represented. I also saw in parents and student and still hear it in the media that school is more like publicly funded daycare than a place of learning. During the Wisconsin teachers sickout parents were more concern about what they were going to do with their child than the fact that they weren't going to learn anything that day. This views is passed onto the students in the schools as well a fair number of students simply see school as a state sponsored prison they are forced to go to till they are 18, or as a path to play sports, not as a path to self-improvement.

This is also shown in the view of people elected to school boards and parents who rather than having an interest in that their kids get ahead in a good number of cases schools are treated just as another front in the culture war. That teaching the truth and student growth is much less important than religious or cultural doctrine: as, was shown in the Dover Area school district attempt to teach creationism in the middle part of the last decade; in the severe resistance to teaching bilingual and multilingual education or even teaching Foreign languages in schools prior to middle school, at a time in which they are most able to adsorb other languages, because i the minds of some this is anti-American.

The simple fact is teachers can only teach if the child is receptive to learning and in a culture where learning is treated with such disrespect it is hard to create that environment.

How to deal with excessive speculation in Oil and other commodities

Orin76

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Saturday April 23, 2011 · 6:25 AM PDT

2011/04/23 · 06:25

To begin with between 20 and 30 dollars or more a barrel and not the 15-20 dollars a barrel is what is in the market based on speculative trading of oil. The simple fact is oil should not be priced much higher right now than $80-85 dollars per barrel based on past oil supplies in fact there is now probably a larger oil supply and storage then there was during the last oil spike. The argument that Libya or other countries create price spikes in oil and other commodities at magnitudes 5 or 10X their actually world capacity is absurd. This is simply out of control trading on fear not based on reality of the situation.

1. The simple fact is the only way to stop rampant speculation is to have a ability to revive requirement to trade commodities especially oil,i.e. you can't bid to buy more than you can actually store in your silos or tanks.

2. There are a large number of speculative Hedge and investment funds out there that are simply trading enormous numbers of oil futures contracts without ever having an intent to receive the commodity they are biding on or having the risk of receiving an overpriced commodity, or expense of having to store or deal with the actual physical commodity. They are simply trading between the numbers sometimes even on margin, with downside hedge protection.

3.The claim that this type that if this speculation was stopped it would be bad for the market, end liquidity etc. Is false calm by individuals who profit from unless your driving prices of the commodity far beyond, what is reasonable in a supply and demand based market . The simply fact is if you were bidding to use the commodity people would buy it but just the people who intended to use it. Which if it is not what a commodities based trading is intended to be, it should be. People who are bidding simply to bid are not adding to price discovery but simply distorting it. Removing this price distortion from the market would greatly lower the prices of commodities and take this stress out of the economy at large.

Cnn is nothing more than a Right wing tool

Orin76

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Friday April 22, 2011 · 6:54 PM PDT

2011/04/22 · 18:54

CNN is nothing more now than a slightly less Right wing Version of Fox news. It doesn't report the news it's reports an they are Cheer leading republicans Ideas, Treating the Republicans in the Town halls conservation about their voting for Ryan's Medicare killing bill as if it was some sort of conspiracy against them where in they treated the tea parties as a serious movement when they actually are paying attention to them. While they have seem to spend an awful lot of time taking pot shots at anything democratic or liberal. To the point of actually sounding disappointed if something good happens for the Democrats or the Liberals. The worst offenders are their political shows especially wolfblitzer.

Republicans hanging themselves for 2012 will the Dccc cut them down

Orin76

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Friday April 22, 2011 · 7:28 AM PDT

2011/04/22 · 07:28

fixed and re-posted

I've watch in the Pennsylvania 15th district in good and bad years if the Democratic Party’s Presidential,Gubernatorial,Senatorial candidates win big or not. The district has stayed red from 1999-now

you may ask why. Who is at fault why do we keep failing to win?
Well it's the DCCC they and their Friend governor Rendell forced on us incompetent, corrupt candidates and candidates that weren't even from the district. While running off qualified and more electable candidates by threatening to cut them off financially if they won the primary. To the point in some years large numbers of democratic voters simply left the Congressional candidates spot blank.
Let's go thru the list of the past 5 candidates that were forced on us by the DCCC and Ed Rendell.

1. Ed O’Brien - easily pigeon holed candidate uncharismatic 2000 and 2002 was chosen to make the unions happy

2. Joe Driscoll - 2004 more or less was a carpet bagger that was moved into the district just before the election. He didn’t' understand the district and didn't even move into the main part of the district he was running out of Montgomery county part of the district.

3. Charles Dertinger- another union candidate has lots of issues which everyone locally knew and beyond that the party didn't bother to fund his candidacy 2006

4. Sam Bennett 2008- truly one of the worst political candidates I've ever seen in my life a chronic failed candidate that Rendell cleared the field for. That had a questionable history inside the Rendell administration. She only got 41% because of party line democratic voting in a district where Obama got 58% and had a any other democrat been running in this district they would have won this district, including the one that had enough signatures to file but was kept from filing by a threat from either Rendell himself or someone in Rendell’s staff. Democrats, who voted for every other Democrat on the ballot intentionally didn't vote for Congress, to not vote for Sam Bennett. We lost this seat because Rendell and the DCCC rewards her with an open field and cost us an almost sure thing seat

5. Mayor John Callahan- 2010 well I really am not sure if this was just the tea party issues. so i can't really. Though based on the past history of this District no one has been elected to this seat in the past 4 decades without first having served in either the Pa state house or senate.

But I’m sure you get this picture and I can't imagine this type of interference is just limited to this district.

Poll

10 votes Show Results

Do you feel dccc interferance has cost congressional seats

10 votes Vote Now!

Do you feel dccc interferance has cost congressional seats

yes

10 votes

0 votes

maybe

0 votes

S&P's messsage to congress stop acting like bad Children

Orin76

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Monday April 18, 2011 · 12:38 PM PDT

2011/04/18 · 12:38

Then the republicans went on to throw a temper tantrum saying what S&P said proves their solution works. What S&P said is the temper tantrum the Republicans keep throwing are damaging America. With Eric Cantor more or less coming out and Lying and saying that this Proves that the Ryan Plan need to be passed now. Beyond that S&P panned both Obama's Plan and Ryan's Plan as not fixing anything

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