http://www.nytimes.com/...
NAWA, Afghanistan — One week after several battalions of Marines swept through the Helmand River valley, military commanders appear increasingly concerned about a lack of Afghan forces in the field.
Can someone tell me WTF Obama is trying to accomplish here doing here ( no need to be Bush light ) when the USA has more pressing economic problems, healthcare problems, job problems, etc. and is essentially broke?
Debt is capitalism’s dirty little secret
http://bit.ly/... ( Financial Times )
Just why is there so much debt in the Anglo-Saxon world? Bankers and regulators know well that it is in nobody’s long-term interests to have allowed borrowing to escalate to a position where the US now owes far more, as a multiple of the economy, than at the start of the Great Depression.
The answer is capitalism’s dirty little secret: excessive lending was the only way to maintain the living standards of the vast bulk of the population at a time when wealth was being concentrated in the hands of an elite.
It's also unfortunate that Obama and his Wall St bought and paid for economic team have put all their chips on the Banking Oligarchs to pump up great chunks of the Big Shitpile that's essentially worthless unless the peak real estate values of the bubble can be miraculously restored.
I keep on coming back to this blurb by Simon Johnson in his excellent piece The Quiet Coup
"From 1973 to 1985, the financial sector never earned more than 16 percent of domestic corporate profits. In 1986, that figure reached 19 percent. In the 1990s, it oscillated between 21 percent and 30 percent, higher than it had ever been in the postwar period. This decade, it reached 41 percent".
The financial engineering racket is simply the best organized white collar crime organization ever !
In short Obamanomics is where
- The government champions funds
- Funds champion corporations
- Corporations champion markets and industries
- The people ( American taxpayers ) get the tab
So I suggest that most should be recalibrating their American dream ;)