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I suppose, if you actually want to believe that the reason we are not in a deep reactionary political movement in this nation, because 'both parties' have ignored, the 'Fraud to Cover Up the Fraud' is where we find ourselves today, and I suppose, if you want to believe that, then all I can say to you, is that you've got you're head up your ass.

But Frank Rich gets it, and so do most Americans, and that is why we are now facing perhaps the worst of the worst, Sarah Palin spins offs, and why the Election Laws have been thrown under the bus, despite the fact that Senator Al Franken has demanded, that this 'foreign' money be investigated.  What is wrong with this picture...

Everything.  What is wrong with this picture?  We have lost our moral compass, we have lost the rule of law in this nation, and both parties, are bought and sold, lock, stock and barrel, and everyone in our nation knows it, except of course, the Obama Administration.  

In fact, they keep giving the same 'pitches' and foul balls, that are ignoring what most Americans are 'living' day in and day out as a result of allowing Wall Street/the Banks to finish up the job, that the Bush Wrecking Crew started in 2008. Millions are being thrown out of their homes, illegally, millions have lost their jobs as a result of what Wall St./the Banks got paid off for, and where, are we know?  We are in a deep downward spiral, because President Obama is ignoring the problems, and somehow, someway, honestly believes, that 'this is all going to just blow over' or even worse, is allowing Wall St./the Banks, along with the Blue Dogs, to finally destroy the very Middle Class that put his ass in the White House to begin with.

The reasons for his failure to reap credit for any economic accomplishments are a catechism by now: the dark cloud cast by undiminished unemployment, the relentless disinformation campaign of his political opponents, and the White House’s surprising ineptitude at selling its own achievements. But the most relentless drag on a chief executive who promised change we can believe in is even more ominous. It’s the country’s fatalistic sense that the stacked economic order that gave us the Great Recession remains not just in place but more entrenched and powerful than ever.  No matter how much Obama talks about his "tough" new financial regulatory reforms or offers rote condemnations of Wall Street greed, few believe there’s been real change. That’s not just because so many have lost their jobs, their savings and their homes. It’s also because so many know that the loftiest perpetrators of this national devastation got get-out-of-jail-free cards, that too-big-to-fail banks have grown bigger and that the rich are still the only Americans getting richer.

This intractable status quo is being rubbed in our faces daily during the pre-election sprint by revelations of the latest banking industry outrage, its disregard for the rule of law as it cut every corner to process an avalanche of foreclosures. Clearly, these financial institutions have learned nothing in the few years since their contempt for fiscal and legal niceties led them to peddle these predatory mortgages (and the reckless financial "products" concocted from them) in the first place. And why should they have learned anything? They’ve often been rewarded, not punished, for bad behavior.  Asked in "Inside Job" why there’s been no systematic investigation of the 2008 crash, Roubini answers: "Because then you’d find the culprits." With the aid of the "Manhattan Madam" (and current stunt New York gubernatorial candidate) Kristin Davis, the film also asks why federal prosecutors who were "perfectly happy to use Eliot Spitzer’s personal vices to force him to resign in 2008" have not used rampant sex-and-drug trade on Wall Street as a tool for flipping witnesses to pursue the culprits behind the financial crimes that devastated the nation.

The Obama administration seems not to have a prosecutorial gene. It’s shy about calling a fraud a fraud when it occurs in high finance. This caution was exemplified most recently by the secretary of housing and urban development, Shaun Donovan, whose response to the public outcry over the banks’ foreclosure shenanigans was to take to The Huffington Post last weekend. "The notion that many of the very same institutions that helped cause this housing crisis may well be making it worse is not only frustrating — it’s shameful," he wrote.  Since Obama has neither aggressively pursued the crash’s con men nor compellingly explained how they gamed the system, he sometimes looks as if he’s fronting for the industry even if he’s not. Voters are not only failing to give the White House credit for its economic successes but finding it guilty of transgressions it didn’t commit. The opposition is more than happy to pump up that confusion. When Mitch McConnell appeared on ABC’s "This Week" last month, he typically railed against the "extreme" government of "the last year and a half," citing its takeover of banks as his first example. That this was utter fiction — the takeover took place two years ago, before Obama was president, with McConnell voting for it — went unchallenged by his questioner, Christiane Amanpour, and probably by many viewers inured to this big lie. The real tragedy here, though, is not whatever happens in midterm elections. It’s the long-term prognosis for America. The obscene income inequality bequeathed by the three-decade rise of the financial industry has societal consequences graver than even the fundamental economic unfairness. When we reward financial engineers infinitely more than actual engineers, we "lure our most talented graduates to the largely unproductive chase" for Wall Street riches, as the economist Robert H. Frank wrote in The Times last weekend. Worse, Frank added, the continued squeeze on the middle class leads to a wholesale decline in the quality of American life — from more bankruptcy filings and divorces to a collapse in public services, whether road repair or education, that taxpayers will no longer support.

And that is the point, thank you Mr. Rich, the real tragedy here, is the prognosis, for Americans, on both sides of our worthless, bought off government, and where President Obama has refused, over and over and over again, to hold those accountable, and his worthless, AG, Holder, has refused, again and again and again, to uphold the laws of this nation.

That is exactly why we are facing this insane 'Tea Party' fake Karl Rove, Redux, extravaganza, and Darrel Issa, is chomping at the bit, once they come into office, to 'Impeach' our own President.

It does not matter, at all, that these same Rethugs, led us to this place, because in the end, what most Americans do understand, is this simple premise:

No one, is standing up for the rule of law anymore in our nation, and everyone knows this.  

I mean, do you honestly think the Clinton's ever left the White House?  OMFG.  They never did, and neither did Robert Rubin, or all his pals, that made out like bandits, for the big fucking bubble, to end all bubbles, that has led us to this place we are now facing.  

I am a fucking died in the wool Democrats, all my life, and like many of you I worked my ass off for President Obama.  I took 6 months off from my regular job, to be a volunteer for him, because I believed so deeply in his mission, and I believed so deeply, that this election, was a rare time, for him, (as did Teddy Kennedy) to reclaim the 'soul of the Democratic Party.'

What is wrong with this picture?  It is more simple than we think it is:  Most Americans have lost complete faith in our government, and for absolutely good reasons.  Who is standing up for us?  Who is sending the worst of the worst, as these new fake Christian Tea Party assholes, are taking over now?  

What I fail to understand is this:  Was President Obama, so disconnected, and so unaware, and so incompetent, and so bought off, and so immoral, as to believe, all of this would not catch up with our party in the end?  I am honestly, not sure, of if this is total disconnection, or a total sell out, or a total lack of competence, in his administration.  

Yes, by all means, the Rethugs, are the worst we can get, but why are we going to 'get them now' is the real question, isn't it?

My fear, is because of President Obama's inability to understand the real repercussions of what he has ignored, will be the very end of our own, original party platform.  Anyone want to remind us of what that is?

I've done it on this blog many, many times.

The rule of law, is now staring all 50 State Attorney's in the face, and now we have been forced into this horrifying mess, because Timothy Geithner, and Ben Bernanke refuse, to admit what we all know:  The Big Banks are insolvent, and everyone knows this.  That is why business in America, everywhere has come to a huge halt, and why they are doubling down, and ignoring the most basic tenants of the law:  Property law, and how contracts are written, and honored.

Where in the hell, did President Obama think this would lead us?

He is either completely out of touch, or he knows exactly what is going on, or he is complicit in the same cover up, that the Rethugs, are....what other answers can we have?  I welcome this debate, I welcome your comments.

"The danger here is that the note would not be considered a qualified mortgage," said Robert Willens, an authority on tax law, "an obligation which is principally secured by an interest in real property and which is transferred to the Remic on the start-up day." If, within three months, substantially all the assets of the entity do not consist of qualified mortgages and permitted investments, "the entity would not constitute," he said. If such failures increase taxes for investors in the trusts, Mr. Willens said, the courts will have to adjudicate the inevitable conflicts that arise.

What if a loan originator failed to provide documentation substantiating that what’s known as a "true sale" actually occurred when mortgages were transferred into trusts — documentation that is supposed to be provided no longer than 90 days after a trust is closed? Well, in that situation, a true sale may not have legally happened, and that doesn’t appear to be a problem that can be smoothed over by revisiting and revamping the paperwork. "The issue of bad assignment has many implications," said Christopher Whalen, editor of the Institutional Risk Analyst. "It does question whether the investor is secured by collateral." In other words, were the loans legally transferred into the trust, and, if not, do the trusts lack collateral for investors to claim?

For example, according to a court filing last year by the Florida Bankers Association, it was routine practice among its members to destroy the original note underlying a property when it was converted to an electronic file. This was done "to avoid confusion," the association said. But because most securitizations state that a complete loan file must contain the original note, some trust experts wonder whether an electronic image would satisfy that requirement. All of this suggests that while a paperwork cure may eventually exist for foreclosures, higher hurdles exist when it comes to remedying flaws in mortgage-backed securities. The only way to wrestle with the latter, some analysts say, is in a courtroom. "The whole essence of this crisis is fraud and unless we restore the rule of law and transparency of disclosure, we are not going to fix this," said Laurence J. Kotlikoff, an economics professor at Boston University.

Sorry, if I'm upsetting your 'feathers' during an election cycle, but you know what, I don't give a shit, if the Pete Peterson, Cat Food Commission is next up, after the fucking elections, and the worthless, fake new Pecora, Angeledis Commission is up next.  Both reports, are due right in December (who decided that was the 'greatest dump' month of them all?)  Not since Geithner, told us all that Frannie and Freedie Mac, now has a total ATM, in our veins, as an ATM for all the toxic shit, that paid off the toxic debt, that paid the bonuses, for AIG, and all the other crooks that got off stock free.

Unfortunately, we are now at a great crossroads in our nation.  It will, regardless of what anyone tells you become, State Vs. Federal Government, and the States, will in the end win.  The reason they will win, is because when President Obama decided, (for whatever reason) to ignore, the tax base of these states, to allow the foreclosure fraud to continue, he again, made yet another, bad, bad, really bad gamble for all of Americans.

In fact, here's a proposal: Want to see our elected officials sit up, take notice, and stop treating the bankers so nicely? Let's have a national mortgage protest month this December. Everyone should skip a mortgage payment during the holiday season and instead send in a note to their bank saying that they are not paying on their mortgage until the bank produces proper documentation--a properly signed and notarized mortgage note-- to prove that they owe the money and to whom it is actually owed. If angry French people can take to the streets and shut their country down over an effort to impose regressive changes in their retirement program, we Americans should at least be able to organize a national protest by mail!

Two issues are rushing to the fore that could have most Americans grabbing pitchforks, guns, shovels, bats, mop handles, and whatever else they have handy that could be useful in the streets.  The first is Social Security, and the angry mob is going to be the Baby Boom Generation whose members, myself included, have paid 13-15 percent of  income into the Trust Fund now for over 40 years, expecting that at 66, we could retire and collect our pensions. Now the greedheads on Wall Street and their toadies in Washington are trying to say that we shouldn’t be able to count on that money. They want to make us wait until we’re 68, 69 or 70, and they don’t want to give us cost-of-living adjustments. They say that the money’s going to run out before we die (unless we oblige them and starve), even though the reason for that is that they’ve been stealing all that money and giving us Treasury Bills in return, which they now plan on refusing to honor, saying it would mean raising taxes on our kids. (Actually those T-Bills could be retired by taxing the rich, and leaving our kids alone.) Anyhow, when we hit 66, let me tell you: if our money isn’t there, or if we get to 76 and they try to take it away (and right now I’m supposed to be able to count on collecting $22,000 a year when I retire), we’ll be ready to take out Washington and Wall Stree. And we could do it, too.  Some in my generation, remember, spent a few years in Vietnam, and they got the skills. Me, I’d be willing to take lessons.

But that’s only part of it. The other is the housing fiasco, and that’s an even bigger cause for rebellion. See, that was our other bastion for retirement. All these years, Americans have been fed this comforting myth that our homes are our castles, and that the best investment we could make in life was to invest in the "American Dream" of home ownership. Then Wall Street, having already stripped the industrial base down to the concrete pads, looked around and saw this huge pile of real estate ripe for the taking. They couldn’t just steal our property outright, though. After all, we all had these deeds on file with the local county Deeds Office.  But we all had mortgages. And they figured out a way to steal these. They created derivatives, called Mortgage Backed Securities. They took our mortgages and they chopped them up into little pieces, which they then bundled into tranches and started trading like bonds. These tranches were designed to have varying risk levels, which they accomplished by putting "good" mortgages--those that were expected to be repaid regularly--with "bad" mortgages--those likely to default.  But since it’s really a guess whether any particular mortgage, good or bad, is going to default, they didn’t really put individual mortgages into individual tranches. They put them all into an electronic data base called MERS, for Mortgage Electronic Registration (sic) System, and then shifted them, or pieces of them, around as needed when they wanted to create a good tranche or a bad tranche or a mediocre tranche.  This meant that they had to deliberately sever the chain of ownership of the repayment note formerly attached to those mortgages--because it’s the note, which is signed at a closing, that actually entitles the holder collect payments on a mortgage, or to foreclose on a defaulted property.  Get this now: What I’m saying here is that the banking industry deliberately broke the chain of ownership on all the mortgages that have been securitized, not just on those famous subprime mortgages you’ve been hearing so much about.

You might call me a disloyal Democrat, but first and foremost, I am an American citizen, who has worked diligently for my party, the Democrats, for over 40 years.

When the rule of law, is ignored, when corruption prevails, when our very own President has failed to show and lead with integrity and morality, for the people of this nation, in favor of the very corporations that are bleeding us dry, then no matter, what party we are affiliated with, we must stand up and be counted.  

Again, I implore you to understand this:  We are in a deep reactionary phase of our political body, because (not that we elected a African American President) but because, the Rethugs, used that as a wedge issue, to do what they always did, but the saddest thing of all, is that both parties and all our leaders have failed us all the way around....

And now what is coming up?

Expanded U.S. military aid sought for Pakistan

By Karen DeYoung
Washington Post Staff Writer
Friday, October 22, 2010; 9:01 PM

The Obama administration will ask Congress to expand military aid to Pakistan, Secretary of State Hillary Rodham Clinton said Friday, announcing a five-year, $2 billion package that would increase current financing for weapons purchases by about one-third.

If you actually 'think' the Clinton's ever left the White House, that sold us out to NAFTA, that sold us out to Glass-Stegall, that sold us out all the way down the fucking pike, to globalization, then perhaps, you will never get it...

But I do.  President Obama, knows exactly what he is doing and who he is working for, and I can assure you, it is not the very same people that worked their asses off, to get him elected.

Time to 'rethink' our priorities, in our party, time to rethink, if we might have one more chance to regain, the 'third world shit hole' we are becoming, time to regain, the laws, that have been ignored by both parties, and have lead our nation, to the Road to Perdition.

The lost, Democratic party, can regain it's strength again.  I honestly believe that, but it is going to take a great leader, one that cannot be bought off.  A team, that does understand, what is at stake here.  The rule of law, is being ignored, by both parties, and therefore, I would suggest, a new primary for Obama in 2012.  

Chances are, we will probably get Sarah Palin, or Mike Huckabee, (what could be worse than that?)

Let us elect a new President:  I would suggest to all of you:  Three amazing Americans who have called this 'shit out' from the get go:

Congressman Alan Grayson, Elizabeth Warren and William K. Black.  These people will and have proven from the get go, what has been going on in our nation.

You can deny that all you want.  I know their records, I know that they have told the truth of what has gone on in our country, and I am so very, very sad to say, that President Obama, did not ever step up to the plate, and now what we are probably going to see, is either, Hilary Clinton, coming up to primary him, or even worse, a further move to the right, to finish off, what President Obama allowed, willingly, Wall St./the Banks to do:

To upsurge, the very laws of this nation, and that is why the French, are burning their cities, and have stopped the fuel lines, the garbage lines, and all other services as have the Italians.  The economic Pearl Harbor catastrophic takeover of our nation, has spread like a horrible plague, throughout the world.  The Robber Barons, want to take us back to 1920, and we are letting them, aren't we?

They get it, they have been through all of this, and we, sit here like stupid idiots, not realizing, how the hell they are selling us all out.

Thanks as always.

'The truth will always set you free, but first it will piss you off'

Wish it wasn't so, but it is.

Ms. B.

Originally posted to Badabing on Sat Oct 23, 2010 at 07:44 PM PDT.

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Comment Preferences

    •  Ms. B, You are a very brave and courageous (6+ / 0-)

      person and a true kindred spirit to write this immensely important and disturbing diary right now. God bless you for educating us and speaking truth to power.

      I'm trying to lay low for another week or so, then after November 2nd, the gloves come off and the truth comes out.

      •  I'm biting the bullet & voting Democrat on 2nd (2+ / 0-)
        Recommended by:
        nyceve, nippersdad

        We should have gotten out in front of this 20 years ago.  We bought into the lies from our own party who eagerly did the dirty work for Republicans by opening the floodgates of globalization and deregulation.

        The chickens are coming home to roost.

        •  God damn you Bill Clinton... (0+ / 0-)
          And you crazy compromising selling out.  Prosperity was just an upswing and nothing you did ever did a lick of good, you piece of sexist crap.  Thank God someone will spank Obama after the election, nyceve, but shouldn't you leave the gloves on so it stings more?

          Seriously folks.  We have important issues to criticize and comment on, but hoping to be led to the promised land by Alan Grayson is fantastical.  We are facing a financial takeover of our government by lying corrupt sellout and you think that happened years ago.  Ok, well have a nice day then.

          You shall know the truth, and the truth shall make you mad. Aldous Huxley

          by murrayewv on Sun Oct 24, 2010 at 06:56:55 AM PDT

          [ Parent ]

  •  Since no one is getting arrested... (15+ / 0-)

    I'm going into the tax farming or robo signing business.

    If you can't beat them, join em....

    Just kidding... Why is it that Spitzer lost his job and all the thugs of Wasington and Wall St. are still walking around?

    White is black, Up is down, Red means go.

    Kos Member Since: August 2004

    by Moxie Gurl on Sat Oct 23, 2010 at 08:05:11 PM PDT

  •  YES!! it's all so simple!! why can't we see it? (3+ / 0-)
    Recommended by:
    walkshills, Badabing, erush1345


    we are a nation of 300 plus million people who are as different from each other as we are alike and we all have many many reasons for why we do any thing including voting

    spare me Frank's simple minded view of the people of this country and the people working in public service for this country

    One thing you gotta give rich people credit for. They might have nearly all the money but they are really stingy about spending it, so, nobody benefits.

    by bluefaction on Sat Oct 23, 2010 at 08:22:39 PM PDT

    •  Shall we also spare you a viable country, We are (9+ / 0-)

      getting to that point.  We are very close to shredding apart.  We will be in governmental gridlock at one of the most critical moment's in our history.  We are likely to get that depression that we thought we missed.  The simple minded and true view of this country is that it is ungovernable, and that should frighten all of us.

      "When fascism comes to America, it'll be wrapped in a flag and carrying a cross." Sinclair Lewis

      by lakehillsliberal on Sat Oct 23, 2010 at 08:59:55 PM PDT

      [ Parent ]

      •  i have some good news for you (0+ / 0-)

        you are not the only person who realizes that our country has some problems and that we need to work to fix them.  we're not completely self destructive, you know.  

        the problem with yelling that the sky is falling is that it's the sky and everyone can see it and the only thing you are revealing by yelling the obvious is the fact that you are late to realizing the problem while everyone else has been busy working on solutions for a while

        One thing you gotta give rich people credit for. They might have nearly all the money but they are really stingy about spending it, so, nobody benefits.

        by bluefaction on Sat Oct 23, 2010 at 09:26:56 PM PDT

        [ Parent ]

        •  sorry if that sounds condesending (0+ / 0-)

          i don't mean to sound that way.  i am a little weary of high paid doomsayers stirring up hopeless panic.  frank's problem is that he thinks that nobody else gives a damn.  he's so wrong.  so wrong.  and the edge in my words is really aimed at him and not you or your diary.

          One thing you gotta give rich people credit for. They might have nearly all the money but they are really stingy about spending it, so, nobody benefits.

          by bluefaction on Sat Oct 23, 2010 at 09:42:42 PM PDT

          [ Parent ]

          •  The problem is not with the people (8+ / 0-)

            who are "yelling that the sky is falling", while others have already been busy working on solutions.

            The problem is that the perception is that the sky is falling, and there is hardly any real evidence that anybody in charge cares or is willing to do a damned thing about it.

            Seriously, the administration does not think that people who lost their homes and are homeless because of fraudulent mortgages and fraudulent foreclosures have been harmed. How much more obviously out of touch can they get?

            "Too big to fail" is not too big to jail.

            by Angela Quattrano on Sat Oct 23, 2010 at 09:56:19 PM PDT

            [ Parent ]

          •  If people could try not to become so weary, and (0+ / 0-)

            if fence-sitters would stick to their principles, imagine what might be accomplished!

            "The only maxim of a free government ought to be to trust no living man with power to endanger the public liberty." - John Adams

            by The House on Sun Oct 24, 2010 at 07:30:13 AM PDT

            [ Parent ]

            •  that's what anti gay preaches say too (0+ / 0-)

              and all extremists who actually believe that people who aren't freaking out all the time are sitting on a fence

              One thing you gotta give rich people credit for. They might have nearly all the money but they are really stingy about spending it, so, nobody benefits.

              by bluefaction on Sun Oct 24, 2010 at 09:44:11 AM PDT

              [ Parent ]

              •  Are you not freaking out because you do not (1+ / 0-)
                Recommended by:
                Orange County Liberal

                realize how serious this is?  We do not have either the government or the public will to solve our problems.  Our problems are definitely solvable but only if we can come to consensus and then work together to fix what ails us.  Those are the very things that we are not capable of.

                "When fascism comes to America, it'll be wrapped in a flag and carrying a cross." Sinclair Lewis

                by lakehillsliberal on Sun Oct 24, 2010 at 10:40:05 AM PDT

                [ Parent ]

                •  you don't solve problems in a panic (0+ / 0-)

                  sure, when i realized we had severe problems i was overwhelmed, but then i shook it off and rolled up my sleeves to work.

                  the last thing anyone needs in a crisis is someone standing around shrieking about how we're all gonna die.

                  One thing you gotta give rich people credit for. They might have nearly all the money but they are really stingy about spending it, so, nobody benefits.

                  by bluefaction on Sun Oct 24, 2010 at 02:53:43 PM PDT

                  [ Parent ]

              •  It's not the people not freaking out all the time (0+ / 0-)

                who are the fence-sitters, it's the people who say they know what the right things to do are, but who do not support those who try to effect those things, and who do not do much to effect those things themselves.

                "The only maxim of a free government ought to be to trust no living man with power to endanger the public liberty." - John Adams

                by The House on Sun Oct 24, 2010 at 07:08:02 PM PDT

                [ Parent ]

  •  I got nothing. (5+ / 0-)

    And soon, we will all have nothing.

    British Petroleum: I think that means it's foreign oil.

    by Bensdad on Sat Oct 23, 2010 at 08:42:15 PM PDT

  •  I usually like Rich, but -- (0+ / 0-)

    I'll never forget his riff in 2000 about how 'Gush' and 'Bore' were the same.  Anyone who believed that crap can't be trusted.

    Andrew Mellon & GOP: 'In a Depression, assets return to their rightful owners'

    by Tuffie on Sat Oct 23, 2010 at 08:51:34 PM PDT

  •  One of the Countless Shortcomings of Our System (16+ / 0-)

    is that it can't adequately deal with high crimes of any type.

    We're where we are today in part because of an astronomical blunder of the framers --hardly their only blunder-- of failing to provide checks against a criminal executive as they did against an imperial executive. All enforcement is in the executive's branch, so it requires only a loyalist A.G. and the entire branch can work outside the law as we see it did for 8 years.

    Because of that blunder we had no way to rid ourselves of W, and we couldn't contain the crimes of his and so many in the branch that supported his policies, so after W there would be so many horses out of the barn that the door was never going to matter any more.

    I've got a lot more ammunition to fire at the framers and even more to fire at the present Dems but I'm on cease fire against today's dems for the coming week. It goes without saying that.

    Nov. 3rd all topics are on the table.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Sat Oct 23, 2010 at 08:59:07 PM PDT

    •  And don't forget we kept our powder dry and any (7+ / 0-)

      crazy talk of impeaching Bush/Cheney, et al, was resolutely shoved off the table.  And, anyway, wasn't 'getting' Cheney's boy Scooter enough red meat for the latte sippin' crowd?  The House should have done the right thing and  investigated and surely would have found prosecutable items for the Senate something to act upon.  Some of us recall how the 2006 election featured many Democratic Party stump speaches regarding winning a majority to gain the ability to subpoena and lead investigations.

      When life gives you wingnuts, make wingnut butter!

      by antirove on Sat Oct 23, 2010 at 09:25:22 PM PDT

      [ Parent ]

    •  The rule of law is an implacable tyrant (3+ / 0-)

      when it is not informed by justice.  The conundrum we face is that the deprivation of rights (including property) has been perpetrated under cove of law.  It's all been legal.  Legal crime.

      "The law" and "the nation" are ideas, figments of the imagination.  When they are given primacy over flesh and blood people, they are more ruthless than any theocracy.  Gods are more kindly and their wrath is withheld until the after-life.

      The private corporations (artificial persons) man has created are a secular version of man's ideal: immutable, immortal, irresponsible.  By law, they can punish with impunity and they do it in the here and now.
      The private corporations need to be reined in.

      Why are our public officials reluctant to do it?  Because as officers of public corporations, their duties and obligations are spelled out and their powers are severely constrained.  So, they enjoy the potential for private corporations to do their dirty work for them.  Some of our public officials are like people who keep vicious dogs to terrorize the neighbors.  The corporations need to be muzzled and restrained.  If that can't be accomplished, then they have to be put down.  What man has made, he can undo.  Rogue corporations need to be dissolved.  Since most private corporations are authorized by states, the states need to implement a sunset clause.

      Sunset the rogue corporations!

      The conservative mind relies mainly on what is plain to see.

      by hannah on Sun Oct 24, 2010 at 12:56:39 AM PDT

      [ Parent ]

  •  I think the US economic situation (7+ / 0-)

    ...has a lot less to do with politics than you do, Badabing. I think that whole conceptual notion was over decades ago. Still, when all the people have to work with is a hammer, all they can do is pound political party nails. Such an impassioned distraction.

    I personally believe that the Dems are going to do just fine this election cycle. And we'll all learn the lesson yet again, that this will not effect reform for the workers of the United States Corporate Colonies. The nation is just so beyond that in so many ways. I still cannot see what any of this has to do with President Obama, quite frankly. As Gov-Co CEOs, all of our recent Presidents have been completely consistent and loyal to the corporations that they serve. I can't think of a single glitch.

    Meanwhile, my friend, you should enjoy the G-20 on November 11-12 in Seoul. This is one that is going to change the global geopolitical playingboard forever, in exciting ways filled with many opportunities. I wouldn't worry too much about Pakistan, or any wars for that matter. Who's going to pay for them? And with what? Zimbabwe dollars? It's becoming something of a zero-sum demand game in the world's financial indulgence of this rogue superpower.

    •  Are planning to write a diary to prepare us (4+ / 0-)

      on what to expect?  It would be much appreciated.

      "When fascism comes to America, it'll be wrapped in a flag and carrying a cross." Sinclair Lewis

      by lakehillsliberal on Sat Oct 23, 2010 at 09:11:06 PM PDT

      [ Parent ]

      •  From the G20? (5+ / 0-)

        After the elections, perhaps.

        Interestingly, the whole world (and especially world central bankers) are waiting for this "war of the corporations" election on November 2nd.

        The day after, the world powers will know if the US Federal Government will be paralyzed to act for the next two years (between vetoes and filibusters). A moribund Washington, as you pointed out above, will weaken the nation.

        The US could go into the G20, one week later, in a very weakened state -- unless the Dems come through with a profound majority in both houses, so the nation can "act" and protect itself economically.

        •  The Dems had a strong majority (7+ / 0-)

          In the House and had 60 Senators.

          What did they accomplish, fiscal policy-wise.

          "Making Work Pay" was an effective tax cut, but why did it laps after one year?  Why didn't President Obama enact it for a decade, the same way that Arbusto enacted his tax cuts in 2001-2003?

          And the working and middle-class components of the Arbusto tax cuts, why did the Dems wait until the very end to try to extend them?  Why didn't they extend them for a decade one year ago, when President Obama had the political capital?

          At least Arbusto, wrong as he was, was committed to his fiscal policy, so committed that he enacted a decade-long program.

          What is it about Dems and tax policy.  Why can't we commit for more than one year at a time?

          Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project.

          by PatriciaVa on Sat Oct 23, 2010 at 09:34:22 PM PDT

          [ Parent ]

        •  Do you think that they will publicly (4+ / 0-)

          declare that the dollar will no longer be the reserve currency?  That would rock our world.

          "When fascism comes to America, it'll be wrapped in a flag and carrying a cross." Sinclair Lewis

          by lakehillsliberal on Sat Oct 23, 2010 at 09:58:48 PM PDT

          [ Parent ]

          •  I don't think that's how it would come down (5+ / 0-)

            New direct currency swaps and bourses are opening up, and some nations, like South America (as a whole) are working toward eliminating the Dollar altogether.

            Still, no one wants any radical changes in a fragile global recovery. However, a massively debt-crushed nation like the US, with a debt-based currency, is not the basis for long term global stabilty. The Dollar will be squeezed out of its position soon enough, by our own nation's economically destructive wealth inequality -- which murders domestic consumption.

    •  thanks Pluto, becuase you above all the other (8+ / 0-)

      contributors, know exactly what is going on right now, and I highly respect you intact, and opinions, and know how.

      Please, I beg you to do a diary, about what is really going on in our nation.

      I know that few, do this on this site, which is filled with bullshit BWD, and all that, but there is too much at stake here now...

      We can fess up to how Wall St./the Banks are taking over our entire party, or not...who does not get that?

      At least there are a few people in the nation, that do 'get it' and why we are in a deep reactionary period of our political body.

      I fail to understand, why we as a party, are still buying into the same bullshit, that keeps pretending, that both parties, are bought off, and there is nothing left, but to allow the Banks/Wall Street/Globilization and the failure of our own party, which has sold us out, is not getting through, as the final message of what is coming our way..

      Do you?  I know you do not, but no matter, what I have to say on this blog, it is being denied, and you know what?  I get that...

      We all have our heads in the sand, and Obama, is the perfect Candidate, the great beautiful Black Candidate, that had such a great smiley face, that kept leading us all down the same track..

      What track is that?  Same shit that the Clinton's did...same shit that the Rubinites did, same shit, that, the endless bubbles, have left us all bereft, and now..

      what?  they are going to come after our pensions?  This is what is happening in Europe, in France and Italy, and all over the world.  Huge strikes are happening over there, because 'at least they get it'....they understand that America started this bullshit, that has caused a huge domino effect, and now, what is going on?

      No wonder here, by me.  I get it, the Robber Barons, are back in charge, and they are going to make certain that Wall St/the Banks of America will ultimately send us back to the 1920's and worse than that...

      What part of that don't we get?

      Thanks know what is happening...the sad thing is that our own party keeps denying it...


  •  I think you have ALL BACKWARDS. Who do you (4+ / 0-)

    think has kept the Dems from totally sinking.

    PRESIDENT OBAMA. HE had to drive the reform message because it died under the Dem Congress because of

    Numerous Dems has NOT a chance in hell untile President Obama took to the stump to rally the troops.

    How to do expect the President to mind ALL the events in country like economy, spills, floods,
    terrorists attack, failure of european countries


    President Obama cant do everybody's job. He cannot force the MSM to tell the truth about Congressional Bills NOR the Tea Party and Republican Candidates./


    Get the people to follow YOU if you can, I dont think it will be easy but try it. You  may see just how difficult it is for the President to do anymore than just ROUSE Democrats to Vote to keep Dems in office.


  •  The Rich column (3+ / 0-)

    is a pitch-perfect must-read, in my opinion.  Contrast it with Geithner's absurd "Welcome to the Recovery" piece in the NYT earlier this fall.

    A terrible beauty is born. --W.B. Yeats

    by eightlivesleft on Sat Oct 23, 2010 at 09:22:59 PM PDT

  •  Hey, Bernie Madoff is in jail (7+ / 0-)

    ..... that sent a message to Wall St ...... that they were only going to go after one guy .... business as usual ..... everybody back to their cubicles ....

  •  In Florida a state representative stole (7+ / 0-)

    $6 million taxpayer dollars and gave it to a big Republican donor.  (He put it in the budget so the donor could build a jet hangar)

    The culprits were offered a plea deal but rejected it because they would be required to wear prison jumpsuits and pick up trash along the roadside.  It was just TOO HUMILIATING.

    If our supposed leaders thumb their noses at the law, why would we expect anyone else to take it seriously?

  •  Please learn how to correctly use a comma. (3+ / 0-)

    This is what is wrong with this picture: you have no idea how to use a comma. Stop putting commas where they don't belong. If you can't remember the rules of basic sentence structure (and, really, if you don't know, you shouldn't be writing such long blog diaries), then at least remember a basic (though sometimes fallible) method to remember the correct usage of commas. Commas are generally used where these is a pause. In the following sentence:

    "President Obama, knows exactly what he is doing and who he is working for, and I can assure you, it is not the very same people that worked their asses off, to get him elected."

    Say it out loud. Is there there a pause after "President Obama"? No. Then why did you put a comma there? Is there ANY pause at all before "to get him elected"? There is NO pause and there is no need for a comma there.

    Your writing is distracting (bordering on unreadable) and your diary is long. If you can't write, then maybe you shouldn't be posting to blogs.

    As for the diary itself, aren't you hyper-ventilating a little? I share your "concern" but there is no possibility, practically, of primarying Obama. And it is far too early to come to that conclusion.

    •  Post Modern Shatner Punctuation nt (3+ / 0-)

      One night in Bangkok makes a hard man humble ... Murray Head

      by virginislandsguy on Sun Oct 24, 2010 at 12:23:57 AM PDT

      [ Parent ]

    •  You nailed it! (0+ / 0-)

      This is the absolute best way to aggravate such self-important "clairvoyance": forget about the all-important "truth" he has imparted to us, and instead nitpick his comma usage!

      I love it.

      And is it just me, or has anyone else noticed the strange overuse of commas in some of the hate mail?  I'm thinking it's symptomatic of something.  Of what I don't know, but of something.

      Oba-MA bumaye! Oba-MA bumaye!

      by fou on Sun Oct 24, 2010 at 01:08:54 AM PDT

      [ Parent ]

    •  reminds me of this old adage... (0+ / 0-)

      ...or rather, your comment reminds me of it:

      "When the facts are on your side, argue the facts. When the law is on your side, argue the law. And when you don’t have either the law or the facts on your side, pound the table!

      Except, in your case when none of the above applies, "ad hominem, ad hominem, ad hominem"!

      And let me add, I don't know very many people-no matter how well educated they are-use the proper "King's English" when they are hurting, angry, frustrated beyond belief-or just plain FED UP! [and yes, the pun is intentional]

      And anyone who's not angry about what's happening to our country right under our noses every day; the rise of pre-fascist corporatism that has both of its jackboots of tyranny and police state pressed against our necks ready to crush us--and evidenced by the fact that there's a de facto coup d'etat of our government-and that dasdardly deed done without even firing the first shot, is all but a fait accompli--just isn't paying attention!

      The proper sentence structure is the least of our problems. What we have here is failure to communicate! Cognizant dissonance. Blind faith in bad leadership. Being more afraid of the "hangman's noose" for treason, then we are of a slow death by a thousand cuts through the dissolution and nullification of our essential, enumerated liberties and freedoms!

      "I wish to have no connection with any ship that does not sail fast, for I intend to go in harm's way." John Paul Jones

      by ImpeachKingBushII on Sun Oct 24, 2010 at 02:57:23 PM PDT

      [ Parent ]

  •  Pretty good diary, but lots of comma splices. nt (3+ / 0-)

    Maladie d'Amour, Où l'on meurt d'Aimer, Seul et sans Amour, Sid'abandonné

    by FogCityJohn on Sat Oct 23, 2010 at 11:40:03 PM PDT

  •  I kept wondering and wondering "when (2+ / 0-)
    Recommended by:
    Badabing, pawtucketpat

    is Obama or Team Obama going to answer these Teabagger futhermuckers??" It was June and then July and then August and no answer from Obama or Team Obama. And, that was LAST year. 2009! Silence. The 'baggers just wailing away on Obama and Team Obama and not a word from them in their defense. "We trying!" We kicking Wall Street's ass!" "HCR on the way!" Nope. Not a word in their defense. So, I'm wondering, a year ago, wtf?? Obama or anybody at Team Obama gonna stand up to these lame ass 'bagger futhermuckers??
    Well, no, they never did. They left the rank and file out to dry, left to suck hind tit. Thanks for the election victory but y'all on your own. Go fight those 'baggers for me!
    So, here we are. We clap and we make phone calls but we all know what those 'baggers know. Win or lose we're all hosed. Just that if Boner holds the gavel Obama goin' to jail. No Get Out of Jail Free card becuz Wall Street has all of those. And they only hand them out to Repubs. There still is a Rule of Law. It's just that Wall Street now makes those laws. And, really, the only way I see of ending that bullshit is taking torches and pitchforks to Wall Street. On a daily basis. Make sure that futhermucker never rises from the ashes.

  •  This post was long as hell (0+ / 0-)

    I tried to read it, but hell I could not read the whole thing.  Did you offer a fix for the nation's problems?  Or did you just bitch and moan?

  •  great diary, sorry I'm late (0+ / 0-)

    I don't believe in the grammar police, but

    Not since Geithner, told us all that Frannie and Freedie Mac, now has a total ATM, in our veins, as an ATM for all the toxic shit, that paid off the toxic debt, that paid the bonuses, for AIG, and all the other crooks that got off stock free.

    can you please clean that up a bit?  I get the gist, but, frankly, it made my head hurt.  ;)

    "Rules must be binding. Violations must be punished. Words must mean something." President Obama in Prague on April 5

    by jlynne on Sun Oct 24, 2010 at 01:07:05 PM PDT

  •  if "This intractable status quo"... (0+ / 0-) the iron rebar set in the concrete of disparate impending class warfare, and this is nothing but just anomalous, an abherration-all a just bad dream from which we will all awaken and it will all be better by electing the same ones who laid the foundation of this Great Recession, then we have nothing to fear from the blow torch(the people's growing anger). But anyone who has made a living using the business end of an oxy-cetylene torch(like me)knows, that enough heat applied for a sufficient amount of time(usualy just minutes), and the even the most re-enforced concrete will explode in their faces!

    "I wish to have no connection with any ship that does not sail fast, for I intend to go in harm's way." John Paul Jones

    by ImpeachKingBushII on Sun Oct 24, 2010 at 02:15:54 PM PDT

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