Strange how history had been repeating itself lately, isn't it? Gee Larry, I thought you had left the building, but again, this reminds me how Hank Paulson and Chimpy did the 'first of many' transfers of wealth to the top 1 percent as 'they left the White House,' and it also reminds me of how Chris Dodd is leaving the 'Building' as he managed to both pass the absolute worst fake Financial Reform Bill evaaaaa,, while continuing to try to discredit Elizabeth Warren, and it also reminds me of when our Lord and Master, 'Ben Bernanke' was up for reelection how Robert Gibbs had the temerity to insinuate that he 'Our Lord and Master, Bernanke,' was not reelected, there good be 'repercussions.'
OMFG. The question was never that the American people are being held hostage: the real question is to realize that we are being held hostage, by both parties, but of course, we must not face that horrible truth, must we?
Yeah, I remember that fucking threat, so I'm not at all surprised by Larry Summers new threat, not at all:
Remember this? I do:
Asked about the potential financial repercussions of the U.S. Senate voting against Bernanke, (Robert) Gibbs said, "The best way to not have to deal with those repercussions is to support Ben Bernanke for a second term."
It does not matter if we don't want to take a good hard look at this veiled threat, or what that fucking idiot Bernanke and Greenspan cost this nation:
Bernanke intentionally allowed the growth of credit aggregates at rates of 50% to 100% faster than GDP over the last decade, a direct violation of the law governing The Federal Reserve and the underlying and necessary predicate for the bubble to occur. He was, in fact, the loudest Federal Reserve advocate of Greenspan's "easy money" policies after the 2000 Nasdaq market collapse. Bernanke has willfully and intentionally ignored basic mathematical facts related to the growth in credit aggregates - specifically, that permitting credit aggregates to grow faster than GDP always must eventually, if maintained, lead to a massive credit bust. This is a function of basic mathematics - specifically, exponents. All the fancy "econometric models" in the world cannot violate the basic laws of mathematics.
Bernanke refused to regulate lending and securitization by the banks during the housing bubble despite the fact that the FBI issued a formal warning of massive fraud in 2004 and both HUD and Corelogic issued studies in 2005 and 2006 showing nine of ten borrowers in "ALT-A" loans had lied about their incomes. Without suckers to buy these worthless securities this irresponsible lending could not have taken place. He willfully refused to both conform with the law and regulate the banks fostered the environment in which they have and continue to asset-strip the citizens of this nation. Bluntly put the big banks are paying out 1% of GDP to a few thousand people not due to hard work, industry and innovation but rather due to rank exploitation and deliberate mispricing of risk with the costs of these outrageous and intentional acts shifted to the citizens of this nation. In addition, Bernanke has intentionally concealed the terms and beneficiaries of bailouts and handouts despite multiple requests from Congress and The Press, has fought FOIA requests, has ignored Congress outright.
Bernanke has in fact been dead wrong on virtually every pronouncement he has made over the last ten years on economic matters, including claims that there was no housing bubble as late as 2006, that subprime was contained, that we would not experience a recession, that his policy prescriptions would stabilize the economy and job market and that if EESA/TARP was passed the stock market would not collapse. Each and every one of those claims was in fact wrong. Bernanke claimed, in sworn testimony, that he would not monetize the debt. While he was speaking - almost literally to the hour - The Federal Reserve was in fact monetizing $300 billion in Treasury debt and $1.2 trillion in Fannie and Freddie Securities - securities we now know are stuffed full of fraudulent mortgages that Fannie and Freddie bought during the bubble years. He has refused to accept responsibility for his policies. Bernanke claims to have a plan to exit his "extraordinary measures" but has refused to explain that plan. This is likely because he has not supported the mortgage-backed security market, he is, in fact, the market, having now bought literally more than the entire net issuance in 2009! The reason Bernanke has not explained his exit strategy is simple: he doesn't have one. Finally, Bernanke has willfully and intentionally ignored obvious and clear indications of front-running in the bond market while he has been running his "quantitative easing." There have been inexplicable pricing moves in the Treasury Market in the very specific issues that were then bought by The Fed just hours or days later. While there is no "smoking gun" proving that The Fed has communicated to certain market participants what would be bought, and then intentionally overpaid for those very same securities, it is impossible to look at this market's performance in an objective, statistical fashion over the last year and not reach the inescapable conclusion that someone, or a handful of someones, have been cheating.
http://market-ticker.denninger.net/
Me?
I'm getting sick and tired of these fucking threats, especially from the likes of Larry Summers. Fuck you Larry, because guess what? We already paid the greatest price of all:
Here is a clue Larry: We are already in a new Great Depression with double dip unemployment (not the fake 10 percent on the MSM) and here is another clue: Most of us have already lost all the equity in our own homes, which is holding us hostage to even looking for a new job out of our own states because of the the failing illicit Foreclosure Mills (that are getting away with murder) when Hamp has only spent 8 percent of the allotted funds to help out homeowners.
When President Obama told us all what a 'heck of job' Larry Summers was doing on the John Stewart Show: this is what I saw:
I want to thank two diarist tonight who gave me the courage, once again to write another diary, because I honestly thought I was all done here.
I've come to understand that as a lifetime artist, that perhaps I am way too thin skinned for this site, and I get that about myself. But I have also been urged on by many many people on this site for being a truth teller, and that is because so many here who came before me, have done the same, and because I will never give up hope in my own party, which does not belong to anyone President in our party, whatever the cost.
My dad and my grandmother from Ireland were the ones that taught me that. See this diary to know how they taught me amazing gifts:
http://www.dailykos.com/...
First of all, I would like to thank OPOL, a true American Hero. I just love you OPOL, because I know that you are fearless, and amazing, and a true patriot.
I think that you and me, and Meteor Blades all grew up together, and we all know in our hearts, what is means to have stood up, shown up, and cared to stop the War in Vietnam where 68,0000 were needlessly killed, and yes, in vain. We all were some how, (how did this happen?) to be called dirty filthy hippies, when more than two thirds of my High School male friends came home in a casket, but at least they came home on their air, with dignity and pride, with a real welcome home?
Now that is not allowed is it? I am sorry, I do not understand why Kos, who I admire so much, had put down 'showing up and suiting up' in our nation. What worked before is the only thing that will ever work again.
Is blogging doing us so much good? I don't think so.
Crashing the Gates, cannot happen if we just sit on our asses, no matter who you are. Not if the Oligarchy is fucking in charge. Or don't we get that yet?
So OPOL, I just wanted to thank you, for this diary:
http://www.dailykos.com/...
And I love this reality:
Don't blame Obama for our present circumstances or our present direction. He has very little to do with it. He is merely the President, the face of power, not the heart of it. No, to find the beating heart behind the wars, the greed, and the corruption one has to turn to those who give the orders, the MIC/Wall Street shadow government that has taken over our country. The office of President is, among other things, a lightening rod. It draws all the heat away from those obscenely rich assholes who are really driving our policy and strangling our nation, those who own us and our government, those who are cutting their slimy deals behind everyone's backs and selling out the country in their orgy of greed and madness.
The truth is that Obama takes his orders from the same people who gave Bush his – the shadow bosses of the MIC/Wall Street cabal. How is that supposed to work out for us? It isn't. It's supposed to seem like it may...if we clap loud enough, if we GOTV hard enough, if we dedicate our entire lives to our political causes by giving rich people and their proxies more and more of our hard-earned money. But no matter how hard we clap, no matter how dedicated we are or how how much of our precious money we give to our filthy-rich oppressors, we're going to get screwed for our troubles because that's the order of things in this country. Serve the rich, screw the people. It's simple. Like it or lump it. All the rest is illusion - an elaborate illusion of control over our own destiny.
Some say it is a conspiracy theory to suggest there is a shadow government pulling the strings, but you'd have to be asleep to believe that.
The illusion of government as public service has been lifting. Often they don't even bother trying to hide the skullduggery anymore. They know most people aren't paying attention. Average Americans are all caught up in the bread and circuses, Dancing With the Stars, American Idol or Is Anybody in This Godforsaken Country Smarter Than a Fucking Fifth Grader?
from you diary OPAL:
Because you speak the fucking truth. Boy, did I have to be dragged into that truth kicking and screaming by PLUTO, who I just love, and War on Errors, and NYeves, and you know what? I hated it. I fucking hated it.
I'm like a stubborn old goat, that keeps eating old beer cans, and calling it the best fucking Cheese Grits with Gravy, I ever got. I did not want to face the truth, but I can no longer deny it.
Also, I want to thank gjohnsit recently for his diary:
http://www.dailykos.com/...
The statement that really got me about gjhonsit's diary was this:
There is a lot of righteous anger on both the left and the right these days. The corporate media tries to shape it into a partisan thing, but the reality is that the conflict is up-and-down not right-and-left. The Blue vs. Red thing is a meaningless joke.
A small group of oligarchs have taken control of our government and are stealing everything that isn't nailed down. They are the enemies of all of us, whether you watch MSNBC or FOX or nothing at all. The oligarchs are only winning because they have us divided amongst ourselves and fighting battles that serve no real purpose.
So thank you both, so deeply and so much. You gave me back my voice, because I was being silenced here by saying what you are both saying, and I for one did not want to face it.
I am weary of being asked to pick up a fucking 'mop' for President Obama, who will not even mop up after himself. I am weary of being called a liberal progressive, as our party is being openly destroyed by the continual blackmail of both parties: the Oligarchy, when not one fucking person will stand up for the Middle Class, with the exception of a few.
Let me ask all of you these questions:
- There will be no NAFTA re-negotiations, ever. When this issue has never been addressed by Obama and never will be. And BTW, thanks a shit load for that President Clinton. (And while I'm at it, thanks for letting Robert Rubin, Greenspan, Phil Gramm, Larry Summers and the rest of your pals who screw us all to the wall). Why is that being ignored? BTW, I challenge you all to that debate, and more than this, I invite your continued rationalizations that some of you dare to call: Smart politics and needed compromises.
- There will be no public campaign refinancing laws in the near future, or ever. (Who is going to vote for that in the Senate, when they are all living so fucking high off the Hog directly connected to the endless Pork Barrel Tits of the Oligarchy). Tell me when you think that imaginary vote will ever come, and by who in Congress? Why is that being ignored? BTW, I challenge you all to that debate, and more than this, I invite your continued rationalizations that some of you dare to call: Smart politics and needed compromises.
- Just as there will be no end to the perfect excuse in American politics: the FAKE FUCKING FILIBUSTER. This is how both parties, manage to blame each other, and keep the 'rigged' Oligarchy going....or don't you get that yet? Why is that being ignored? BTW, I challenge you all to that debate, and more than this, I invite your continued rationalizations that some of you dare to call: Smart politics and needed compromises.
- There will be no, point at which DADT, will be totally pushed into law, by President Obama, ever. You want to call it Republican blackmail, I call it the 'Silence of a Leader that Refuses to Lead.' Why is that being ignored? BTW, I challenge you all to that debate, and more than this, I invite your continued rationalizations that some of you dare to call: Smart politics and needed compromises.
- There will be no, end to the Endless Wars, ever. The goal posts continually being moved really mean this: We are never getting out of any country ever, where we have military bases....ever. In the Middle East this means Oil and Arms, Money and the only way most Americans can even get a job now. Got that yet?
Why is that being ignored?
BTW, I challenge you all to that debate, and more than this, I invite your continued rationalizations that some of you dare to call: Smart politics and needed compromises.
So by all means, continue your endless pie wars, they help so much, but you know who they really help?
Most of all they help our two party system, certainly not our own Democrats or a President some call a wussy or whatever. He is not capitulating, he is not even compromising, he is working with the Powers that Be, that you and I cannot even begin to fully comprehend and understand fully.
I honestly believe in my heart, he started out as a good man, but was fully swallowed up by the 'Deal, that was always the Deal' to begin with. I don't really think that we fully understand this at all right now, because when our own party was sold down the river to Globalization, the total manipulations of the markets, the way that the Gore/Bush Supreme Court/Corporate Take Over Happened, and the way that the Federal Reserve took full power of our nation, that we, as the 'philistines and peasants' will ever fully understand. But I do, fully understand 'who' is paying for it and why.
There people are, people like you and me, our neighbors our families our friends:
To not fully comprehend how the Oligarchy is now in charge, is a complete delusion, all the way around:
President Obama's capitulation is not capitulation at all, it is the ultimate way we have been led into the complete destruction of our own party, and Obama is in fact exactly like Reagan and Clinton on Steroids: Got a clue yet?
Do you actually think this idea of moving the Bush Tax Cuts to the Senate first and foremost, was not a way of stopping the People's House, and Nancy Pelosi, from a Democratic real base of rebellion? Get a fucking clue people.
What is going on really is a total destruction of our Unions and our Social Security, and no one can ever tell me anything different. See bobsweve great diary today...about the Bond market...
Why do you think President Obama created the Cat Food Commission, and where do you think that is going to go?
Why do you think President Obama has continually and totally ignored the will the the American people:
70 percent wanted a public option and a return to Glass-Stegall? The same was true about the Bush Tax Cuts.
Why do you think that BP got away with murder, and why do you think based on the other issues I've presented he is not willing to step up to the plate?
There sure is a lot of Duck shit crap smelling around our house, isn't there?
Larry Summers threatening us again? If it walks, talks and smells, like Duck shit, that is what it is.
Stop fooling yourselves Democrats, you are in the golden handcuffs of the Oligarchy, and they got you totally tied upped and convinced.
More is the pity.
Thanks..
Ms. B.