The Blue Dress

Ever wonder how they could find a spot on Monica Lewinsky's infamous Blue Dress. When the same people could not produce a single Weapon of Mass Destruction or Osama Bin Laden's home address.

They can take a picture of your license plate from the moon but, can't determine who is legal or who was born in Hawaii.

I Find it interesting the bankers can invent complex derivative products and then turn around and write a mortgage to a person who couldn't possibly pay the monthly mortgage. Seems very odd ,someone should notify Ripley's

The oil gushing into the Gulf of Mexico was reported to be 1000 barrels a day a few days ago. They say now it's 5000 barrels a day and the size of Connecticut. Someone should check to see if Connecticut is still there!

Focus Focus Focus

Now is not the time to complain about the present state of affairs. Now is the time to focus on the next election. Complaining about Birth Certificates, Criminal Immigration, Uncontrolled Borders and the Bailouts will not solve our current problems That election was in 2008 and the American People lost again. Seems were always one election behind ? Remember every incompetent elected official cannot be voted out without voting someone in office What issues are important to you and which individual do you trust to represent YOU. Forget about the jackass that making your blood boil today and elect new people to office until incumbent is stricken from our language. Don't vote for anyone advertising continuously on television If he's got that much money he won't need your vote very long. Vote for a hand shaking guy in pick up truck and look at his shoes!!! If his shoes got some miles on them, he probably does too!!

Heads Goldman Wins, Tails you Loose

..............TheTroubled Asset Relief Program was the product of Hank Paulson Secretary of Treasury for George Bush's Administration.

The Federal Reserve Bank headed by Ben Bernanke in concert with Paulson created the original 85 billion credit facility September 16, 2008 to cover the immediate AIG obligations to 9 major banks who insured mortgage derivative securities with AIG.

AIG insurances never maintained necessary equity capital covering the securities due to absent regulation from the SEC . There never was any liquid capitol to pay if banks claimed a loss.

Very similar to 1929 when 10% money would buy 100% stock purchase on a margin. If stocks increased the investor could sell or leverage the purchase of more stocks. The short answer here is there wasn't any real money in the market. Hence the phrase "a dime holding up a dollar", sooner or later she's gonna blow. All the Dirty Dozen Banks insured with AIG collected money that Paulson and Bernanke guaranteed with TARP Money. TARP money validates heads we win ,tails you loose. The 9 year long malfeasance started in 1999.

Ironically the Glass Steagall Act of 1934 separated investment banking from consumer banking to insure against another market crash depression. The Glass Steagall Act was repealed in 1999 as obsolete. This reopened the door sealed in 1934.

Modern day banking philosophy could prevent another collapse from occurring thus avoiding another depression. This was obliviously not the case we witness today. Had Glass Steagall not been repealed, the collapse would not affect the consumers banking with all losses taken fully by the investment banks only. No 2big2fail!!!

The original TARP 700 billion program was to purchase the toxic assets (stupid loans to ghost insolvent consumers) from AIG and Banks and wholesale back to the public at auction. This would allow the citizen's to purchase the toxic assets (homes) for pennies on the dollar from the government.

Realizing in October the enormous amount of money to be made from the taxpayers. Paulson and cronies changed the rules to allow banks to keep the bad paper and real estate but also syphon off the TARP money until there was a better economy. This allowed the same banks to profit twice, once from the initial scam derivative and also from resales down the pike. The banks are now hoarding the houses as the government attempt to stabilize the housing markets with low down and $8000 dollar tax credits.
The current economic collapse a reflects a perfect storm of theft, beginning with

1. Repeal of Glass Steagall Act
2. Goldman Sachs creations of mortgage derivatives to sell home mortgages in bundles
3. The rating agencies who rated these blindly as AAA.

4. Stock Brokers who sold the bundles as safe investments.

5.Consumer Banks who blindly granted mortgages ,second mortgages and bad refinance paper to be sold to larger banks for bundling

6. the illegal labor used to build more homes in the false market demand

7. the foolish investors from retirement accounts who bought into the scams.

8. The SEC who down loaded porn while the fires of complacency burned

If any of these items listed above had not occurred the crisis of TARP would not have been needed.

We would still have a poor economy and unemployment would not be significantly lower.

The 22 million criminal illegals would not be here from lack of work. Cities would not have increased their budgets from the runaway appraised property taxes. Fannie Mae and Freddie Mac would be solvent and many people would be saving for that first home purchase rather than foreclosed by the Dirty Dozen Banks

Every Taxpayer should know that while AIG and Goldman had their hat in hand claiming 2big2 fail, not once did they offer to share in the windfall profits of the TARP money that saved their asses from bankruptcy courts. They choose to divide the money between the top theives as bonus booty and hope for a Head Shot on Time Magazine Cover..

Timeline of changes to the initial program

On October 14, 2008, Secretary of the Treasury Paulson and President Bush separately announced revisions in the TARP program. The Treasury announced their intention to buy senior preferred stock and warrants in the nine largest American banks. The shares would qualify as Tier 1 capital and were non-voting shares. To qualify for this program, the Treasury required participating institutions to meet certain criteria, including: "(1) ensuring that incentive compensation for senior executives does not encourage unnecessary and excessive risks that threaten the value of the financial institution; (2) required clawback of any bonus or incentive compensation paid to a senior executive based on statements of earnings, gains or other criteria that are later proven to be materially inaccurate; (3) prohibition on the financial institution from making any golden parachute payment to a senior executive based on the Internal Revenue Code provision; and (4) agreement not to deduct for tax purposes executive compensation in excess of $500,000 for each senior executive."^[11] The Treasury also bought preferred stock and warrants from hundreds of smaller banks, using the first $250 billion dollars allotted to the program.^[12]
The first allocation of the TARP money was primarily used to buy preferred stock, which is similar to debt in that it gets paid before common equity shareholders. This has led some economists to argue that the plan may be ineffective in inducing banks to lend efficiently.^[13][14]

In the original plan presented by Secretary Paulson, the government would buy troubled (toxic) assets in insolvent banks and then sell them at auction to private investor and/or companies. This plan was scratched when Paulson met with United Kingdom's Prime Minister Gordon Brown who came to the White House for an international summit on the global credit crisis.^{[citation needed]} Prime Minister Brown, in an attempt to mitigate the credit squeeze in England, merely infused capital into banks via preferred stock in order to clean up their balance sheets and, in some economists' view, effectively nationalizing many banks. This plan seemed attractive to Secretary Paulson in that it was relatively easier and seemingly boosted lending more quickly. The first half of the asset purchases may not be effective in getting banks to lend again because they were reluctant to risk lending as before with low lending standards. To make matters worse, overnight lending to other banks came to a relative halt because banks did not trust each other to be prudent with their money.^{[citation needed]}
On November 12, 2008, Secretary of the Treasury Henry Paulson indicated that reviving the securitization market for consumer credit would be a new priority in the second allotment.^[15][16]

On December 19, 2008, President Bush used his executive authority to declare that TARP funds may be spent on any program he personally deems necessary to avert the financial crisis. This has allowed President Bush to extend the use of TARP funds to support the auto industry, a move supported by the United Auto Workers.

On December 31, 2008, the Treasury issued a report reviewing Section 102, the Troubled Assets Insurance Financing Fund, also known as the "Asset Guarantee Program." The report indicated that the program would likely not be made "widely available."^[17]

On January 15, 2009, the Treasury issued interim final rules for reporting and record keeping requirements under the executive compensation standards of the CPP.^[18]

On January 21, 2009, the Treasury announced new regulations regarding disclosure and mitigation of conflicts of interest in its TARP contracting. ^[19]

On February 5, 2009, the Senate approved changes to the TARP that prohibit firms receiving TARP funds from paying bonuses to their 25 highest-paid employees. The amendment was proposed by Christopher Dodd of Connecticut as an amendment to the $900 billion economic stimulus act yet to be passed.^[20]

On February 10, 2009, the newly confirmed Secretary of the Treasury Timothy Geithner outlined his plan to use the $300 billion or so dollars remaining in the TARP funds. He intended to use $50 billion for foreclosure mitigation and use the rest to help fund private investors to buy toxic assets from banks. Nevertheless, this highly anticipated speech coincided with a nearly 5 percent drop in the S&P 500 and was criticized for being short on details.^[2

^1]
On March 23, 2009, U.S. Treasury Secretary Timothy Geithner announced a Public-Private Investment Program (P-PIP) to buy toxic assets from banks' balance sheets. The major stock market indexes in the United States rallied on the day of the announcement rising by over six percent with the shares of bank stocks leading the way.^[22] P-PIP has two primary programs. The Legacy Loans Program will attempt to buy residential loans from bank's balance sheets. The FDIC will provide non-recourse loan guarantees for up to 85 percent of the purchase price of legacy loans. Private sector asset managers and the U.S. Treasury will provide the remaining assets. The second program is called the legacy securities program, which will buy mortgage backed securities (RMBS) that were originally rated AAA and commercial mortgage-backed securities (CMBS) and asset-backed securities (ABS) which are rated AAA. The funds will come in many instances in equal parts from the U.S. Treasury's TARP monies, private investors, and from loans from the Federal Reserve's Term Asset Lending Facility (TALF). The initial size of the Public Private Investment Partnership is projected to be $500 billion.^[23] Economist and Nobel Prize winner Paul Krugman has been very critical of this program arguing the non-recourse loans lead to a hidden subsidy that will be split by asset managers, banks' shareholders and creditors.^[24] Banking analyst Meridith Whitney argues that banks will not sell bad assets at fair market values because they are reluctant to take asset write downs.^[25] Removing toxic assets would also reduce the volatility of banks' stock prices. This lost volatility will hurt the stock price of distressed banks. Therefore, such banks will only sell toxic assets at above market prices.^[26]

On April 19, the Obama administration outlined the conversion of Banks Bailouts to Equity Share.^[27]

Defibrillator Recall

The FDA announced a Class 1 Recall of Lifepak 15 Heart Monitor and Defibrillator

Affected devices can have the following problems after powering on:

• Turns itself off then back on


• Turns itself off and requires the operator to restart it


• Cannot be shut off

The Products Manufactured by Physio-Control Inc Redmond Washington mailed letters to those who bought the devices informing the customers of the defects .

I find it comforting the Food and Drug Administration is serving the public and not downloading porn as the SEC. They performed in pro active manner warning the citizens of a potential crisis .The SEC played no part in uncovering the Mortgage Derivative or Ponzi Schemes that were major contributors to the collapse of our economy.

With the Gulf of Mexico being destroyed with 1000 barrels of goo hemorrhaging from so called safe off shore drilling and criminal immigration invading our borders we should all applaud the efforts of the FDA

Therefore, I recommend we recycle our faulty defibrillators to be inserted into the rectums of members of Congress, Homeland Stupidity, SEC and the DNR. With each inappropriate behavior , give the little button a push. At the very least they should be awake and the folks at the SEC may encourage a jolt every now and then!!

Drill Baby Drill

The offshore oil spilling 50 miles from the Louisiana coast is contaminating the pristine waters of the Gulf of Mexico.

Approximately 42,000 gallons a day or 1000 barrels a day are killing birds and sea life.

Covering an area of 20 miles by 20 miles or 400 square miles. The spill growing 25 times larger in 24 hours indicates the situation is out of control. The oil is threatening the beaches of Louisiana and Florida.

The oil rig that sank may contains another 700,000 gallons of diesel fuel trapped in the rig a mile down from the surface.

The Exxon Valdez spill was 11 million gallons spilled in 1989 covering 1300 square miles. The worst environmental disaster in recorded history has still not reached full settlement or completely cleaned of oil residue.

Chernobyl Disaster in Russia occurred April 26 1986. The worst nuclear disaster in history.

The only level 7 event recorded on the International Nuclear Event Scale. The scale tops out at 7.

The disaster spread higher radiation levels over most of Europe. The world health organization declared fewer than 50 direct deaths including nine children. The 17 square mile Exclusion Zone is still off limits. Even though the majority of the area affected is now considered safe. Resettlement of 10,000 people from age 60 to 90 years have returned the area despite Russian laws disallowing living in the Exclusion Zone

Whether the disaster is nuclear or petroleum the results are catastrophic. Worse yet, the current spill will force the costs of gasoline pump prices higher . We know, no matter who made the mistake, regardless of ignorance or bad luck, the American consumer will get the bill.

The ultimate price is Gulf Coast Beach destruction and cleanup. The cost of short term gain and long term pain from drill baby drill.

Security Exchange Commission

The Security Exchange Commission was established in 1934 amidst the Great Depression to convince investors their money was safe.

Since it's inception the Stock Markets have continued to be the epicenter of white collar crime. Every four to five years there's another scandal of lying cheating and stealing from the swindlers of New York.

Refueled by greed and the promise of something for nothing is much to overwhelming, as the investors eventually return to the trough. The defenders of the current scandalous housing mortgage derivatives and ponzi schemes have advised the consumers "the SEC task of monitoring the markets are overwhelming and without resources to be effective".

Yada Yada Yada and Yada, Now America is informed The SEC during the final years of The Bush Reign of Errors, at the height of the crisis was down loading Porn instead of chasing the bad guys.

Or simply put, there are no good guys there are only thieves and perverts running our government. If this makes you feel like a sucker taxpayer it's because your are in fact a Sucker.

President Obama is supporting further legislation reforms which will no doubt hire more people watching Porn.

The answer for us Suckers is to not patronize The Dirty Dozen Banks. Accept no checks written on BofA or Citi and remove your 401K retirement funds from the Stock Market and invest your money in America enterprises that you are familiar.

Replacements not reforms are in order for all our law makers. Clean up our house and allow former slackers to view porn full time. Should be a good look on their resumes.

The following is a section of an article containing some of the disgusting facts of our truth.

knoxvillebiz .com reported "An accountant was blocked more than 16,000 times in a month from visiting websites classified as "sex" or "pornography." Yet, he still managed to amass a collection of "very graphic" material on his hard drive by using Google images to bypass the SEC's internal filter, according to an earlier report from the inspector general. The accountant refused to testify in his defense and received a 14-day suspension.

n Seventeen of the employees were "at a senior level," earning salaries of up to $222,418.

n The number of cases jumped from two in 2007 to 16 in 2008. The cracks in the financial system emerged in mid-2007 and spread into full-blown panic by the fall of 2008.

California Rep. Darrell Issa, the top Republican on the House Committee on Oversight and Government Reform, said it was "disturbing that high-ranking officials within the SEC were spending more time looking at porn than taking action to help stave off the events that put our nation's economy on the brink of collapse."

Cone Zones

I recently ventured out to my favorite watering hole for happy hour observance. When I arrived I found the parking area covered in bright orange cones placed strategically in a line leading to a poorly constructed temporary wooden structure made largely of discarded crates and pallets.

It became immediately evident that an enterprising young man had successfully created his own version of a modern day toll booth.

The booth itself reminded me of Lucy's Psychiatric Help in the Peanuts Comics, only this guy was serious.

This gentlemen, with a capitol expenditure of $25.00 in orange cones had created a demand for parking where none had existed previously.

Obviously he must have learned this from the government who constantly creates imaginary boundaries with legislation requiring citizens to stand in line to pay imaginary fees for revenue.

Great biz for the Governor but this guy ain't the Governor. Or possibly from the titans of Wall Street who mandate both supply and demand on paper, thus creating money from thin air.

There was plenty of parking available and so I drove over one of the cones and parked in a spot allowing for an easy exit.

I was confronted by the young entrepreneur who asked did I not see his sign for free parking.

Not at all interested in conversation about the sign I responded quickly "do you want me to leave". I recognized the potential problem of having just run over his prized cones.

The thought being the proprietor would not choose to loose any business over the cost of tipping the attendant.

I was correct he said no but I want your keys. Again I said "do you want me to leave" and again he said no. A pattern was developing as I advised the attendant my truck had several thousand dollars of tools and I wasn't going to submit to his requests. I assured him I would gladly leave if this was his command.

The complimentary parking is simply another way to extort imaginary fees from customers. The truth is, tools or not I'm not going to pay anyone to park or for parking privileges. To forfeit my keys would no doubt insure another wait in line later to retrieve my car, my keys and my life.

I avoid lines where ever I go and pay to park is the first indication of the pain lying ahead.

Preferring to patronize other establishments who offer free parking and quick service in and out where I am not asked to place my vehicle at risk from individual whose character is not known.

I have noticed a trend in business to collect fees versus selling tangible commodities.

The cell phone for instance is an example where you purchase a phone that is useless without the service. Many times service provider will give you a phone in exchange for a signed contract. Free is always a red flag in my opinion. Not only do you become a captive customer but you also sign contracts that allow the service provider to determine your monthly bill using their mathematics which is always different than yours.

The contract also has fees hidden that you never saw coming.

Buy a TV and get ready to pay the cable service as TV is no longer free and the same rules apply to cable as phone services. Your screwed.

The Banks are in on the action as well offering free checking but again they make the rules and fee structures and they do all the math their way. Your screwed.

Purchase a new computer and pay again for Internet Services Provider.

The worst of all is the "Printer" buy one of these babies and watch how much you spend on Ink. The machine is nothing compared to the costs of Ink. Ink itself is not expensive it's the non generic cartridge containers your married to when you buy a printer.

We don't make the Phones, TV's or Computers here in the USA. We have become a nation of toll booths paying from one month the next monthly charge. Installment or EZ payments that never end.

We could all use some of Lucy's Psychiatric help. She only charges a nickel and she wont take your keys either.

Since we are no longer are producers or manufacturing products, our commerce in America has become charging imaginary fees to turn the wheels of our imaginary economy.

Halleluiah Arizona

Halleluiah Arizona. Finally someone has decided to stop free ranging criminal aliens from hiding behind our US Constitution.

Any criminals who attempt public protest in Arizona had better be citizens and proof of their rights to the US Constitution or they may find themselves protesting from across the Rio Grand.

No longer will the rights of profiling impede our immigration laws.
We don't discriminate against race but now incriminate illegals who break our laws with impunity. We don't need reforms President Obama we need our laws enforced. The nonsense of protecting illegals breaking our laws and mocking our US Constitutions has stopped in Arizona. We have condoned this recognition of criminals rights much to long. While we freely allow the Patriot Act to spy on our legal citizens. (crazy huh)

Our grandparents recognized in early 1900's the threat of Poncho Villa raids on American border towns as significant.
Remembering The Alamo The thirty dead killed by Poncho Villa in 1917 would be avenged despite the cost. Americans sovereignty would prevail. They dispatched General John J Pershing to clean out Poncho's 500 plus insurgents. Our forces, armed with airplanes and machine guns failed to capture Poncho Villa. (planes trains and automobiles vs mules and horses) Tragically our forces, it's reported fell victims of the cheap liquor from the Catina's and the all night $2.00 bordellos. Can't blame them for that ; must be something in the Geneva Convention about dirty fighting. The only bright spot in the conflict was Pershing's Lt George S Patton lead a raid and personally shot and killed Julio Cardena one of Villas henchman. Thus the legend begins !!!
What America should have learned in 1917 and failed to realize 2009 is American sovereignty is paramount to destitute immigrants plight.

Vote for Somebody,Anybody and Nobody

If we've learned anything in the last 10 years it's not that difficult to be President.
Americans should stop focusing on the achievements of the current administration and focus instead on who should we vote for next? We all know this is exactly what politicians are practicing.

Let's all start now, today seeking our next candidates for office. Remember to focus on everything they don't say,while ignoring everything they do say.

Vote for Somebody, Anybody or Nobody don't re-elect incumbents!

Fix America

The only way to Fix America is to stop employer based deductions from payrolls. Employers are corporations and corporations are in control of our Oligarchy Government. Cut off their supply of money and return the power back to the People who provide the sweat of our GDP .
Your employers door step is where Democracy ends and Oligarchy begins.
Circumventing our money from our government empowers the Corporate Employers in between. Take back your money and the power comes free. It's like sending your neighbor out to buy you a car. You have no idea what he may bring back, much less how much he paid or the real value of your car. You just don't know and he aint talkin either!!
Encourage your employer to pay you in cash and 1099 A form for taxes.

Abolish: The Uniting America And Strengthening By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism Act Of 2001. It renders the constitution useless.

Stop: the Use of Your Social Security Identification for tracking Americans Lives and everyday commerce.

Pass local zoning legislation requiring uninhabited Foreclosed or REO properties to be sold within 90 days of foreclosure or be razed as a nuisance. Banks and Government are hoarding homes with TARP money supported with tax dollars. Banks should be forced to pay people to occupy housing until every homeless man, woman and child in America has a roof over their heads or tear'em down.

Deny Corporate donations to election campaigns and party affiliations.

Pass legislation establishing the 30 hour work week. Ten hour days with No Holidays or Vacations paid.
Dad works Monday, Tuesday and Wednesday. Mom works Thursday, Friday and Saturday. This way we value families allowing Americans to properly raise, educate and nurture the next generation Americans. Leaving more time for community service and the need for police in every empty neighborhood.

Field of Dreams

The 1989 movie Field of Dreams is the story of an Iowa farmer committed to building a baseball diamond in a remote cornfield. The theme based on the analogy "If You Build it They Will Come". So the story goes he built the diamond and sure enough the people came. The movie happily ends as streams of cars with beaming headlights travel to the new Field of Dreams.

The Hollywood story does not embellish, whether they made money and how many games were played.

The Pontiac Silver Dome was built in a 127 acre field of dollars, costing $55 ,700,000.00 million in 1975. The former home of the NFL Detroit Lions has a seating capacity of 93,687. Sold in 2009 for a dismal $583,000.00 .That's right, I said 583 thousand or the price of a high end Gross Point 4 bedroom home on a 1/2 acre lot. $4600.00 an acre well below the value of undeveloped farm land.

The same story in reverse is true, if you don't build it they will leave. The Grapes of Wrath tells the story of people in the grips of Depression traveling to California for a better life.

As more an more Americans loose their high paying manufacturing jobs, urban blight becomes common to Northern industrial cities

Yankees left their homes in mass exodus for a better life in the new South. More people means more housing shopping centers and schools. An expanding Florida economy not built on manufacturing but, more hospitality mixed with agriculture prospered.

The by products were construction jobs in Florida's Hotels, Condos and housing markets further enhanced the thriving economy. Like Nomads who wander from field to field grazing livestock. Florida workers traveled from field to field building new cities to house more workers and so on.

Often building high density zoning to allow for unbridled ocean front property values to escalate. The down side to over population is a lower quality of life, crime, faster rates of urban decay, congestion and high taxes to maintain infrastructures.

For the first time since 1945 Florida's population has declined. The same people who escaped the Mid West Rust Belt in the 70's and 90's and traveled South seeking jobs and a better climate are now leaving the Sunshine State of Florida.

The sun, sand and surf which once drew snowbirds to South Florida Beaches has been trumped by crime and congestion as tourist prefer more relaxing destinations in the Caribbean. The quiet Florida two story mom and pop beach motels are torn down replaced with towering hi rises that shadow the beaches after 2:00 o'clock pm
It's the classic American Tale to "Kill all the Buffalo then Leave"

This editorial is not about wasteful spending on sports venues or the loss of manufacturing centers of Northern Cities nor is it to predict the demise of Florida's Tourist industry. This editorial is more about Americas Greedy Economy that historically build a thriving industry and then destroys the same. Short term gain and long term pain.

America needs to pick a path providing work for it's citizens without importing illegal foreign labor. We need a economy not based upon the whimsical needs of Wall Street Bankers but based upon what is best for our children. Establish focus on not what makes money next year. Focus instead on long term payouts like Hoover Dam, Renewable Energy and the Space Program

We became the greatest country the world has ever known by creating the highest standard of living for all our people, not some people. If we cannot get a grasp upon our American way of life were headed for Anarchy!!!

Broadcast Digital Television

I hate to complain but, I remember the television shows of the 50's to 2000. The shows had entertainers such as Lucy, Gleason, Benny, Berle, Rowan, Martin to name a few.

As a young lad I remember the TV would slowly warm up, humming and blinking as the magic box came to life. This was followed by the Target Indian Screen indicating no programming was available at this time slot. I hated Indians no wonder they lost the war!!

When programming came on it was snowy and reception was poor and often weather related. Our set had a number of fine tune dials to preoccupy the viewers time until weather was better. The content however was the best. The entertainment value far out weighed the reception. Neighbors would always comment on which channels were clear along with times and wind directions.

And Away We Go, Alice!!!!

The last writer's strike produced multiple shows with cheap non actors participating in college hazing rituals of eliminations. Competition Dancing and Singing are televised in lieu of real people who dance and sing well. Cooking, Fishing, Hunting shows would no doubt be considered humor to my Grandparents! A bit boring for my tastes.

Sunday afternoon 12:30 broadcast bracket of the 40 channels listed 16 were "Paid Programing" 11 were Spanglish 5 were political debates.

All things equal and sense of fair play shouldn't Paid Programming be required to carry 10 minutes of entertainment breaks.

Today's TV offers vivid picture quality but lacks substance of content.
You never see the Indian Screen, as programming is now invasive.

I recently discovered there are as many Spanish stations as English. I also noticed that once the sound is muted both English and Spanish stations improved in the entertainment value. I think it's best not to hear what they're saying, regardless of the language spoken. They are in fact equally inferior in quality!!!!!

For high quality television programming simply download the Indian Screen and click "Print". Tape the printed copy on your TV screen and follow this blog. I will advise all blog follower's when quality programming returns.

Financial Regulatory Reform / Post Mortem

The Coroner's of Congress are nearing a vote on Financial Regulatory Reform to insure the next collapse in the American economy. The proposed legislation will provide $5o billion dollar insurance fund in a attempt to FIX STUPID. Simply pinning the problems on the Donkey, instead of the system that created the failure.

No doubt all of their focus will be on what happened in 2008, despite the obvious mistakes began in a 1999 party. The collapse may have occurred in 2008, however it was a long foolish road of ignorance, greed and politics leading up to 2008.

The ingredients for our recent collapse included;

1. Bankers who blindly failed to qualify home buyers ability to pay mortgage payments.

2. Government employees who failed to control our borders allowing a second class, sub standard worker. Peons who provided the cheap labor to the Pharaoh's of Wall Street.

3. Wall Street Stock Brokers who bundled mortgages into Houdini Securities and sold these securities as AAA rated worldwide. Derivative. Mortgage Securities indirectly fueled the home mortgage fiasco by creating a false demand encouraging Bankers to secure more bad paper.

4. AIG who wrote phony insurance on the mortgages without any capital supporting the insurance.

5. Rating Agencies who blindly rated the garbage securities as AAA rated.

6.The government regulators who down loaded porn as they were paid from tax dollars and did nothing as the fires of ignorance burned across America.

7. The Bush Administration who condoned and then validated the above theft with 3 trillion dollars in taxpayer bailouts.

There simply wouldn't be a needed reform today if the Bush Administration had obeyed the laws of capitalism and allowed the bankruptcies of the AIG, Big Six Banks and Auto producers.

Capitalism is self cleaning if you let free markets work. Sadly we were robbed of the benefits free markets would have provided to new season investors. Had we let capitalism prevail all of the Big Six Banks , AIG and Wall Street would have gone under and worthy savy investors would take their place for pennies on the dollar. Those people and the problems they created would be forgotten. The Mississippi would still flow South, corn would be planted in the spring and harvested in the fall. The TARP didn't fix anything and it won't bring back the buffalo to the plains either. Instead were forced to deal with the same ignorant fools who devised the scam then profited from same!

The Bush Administration invented a new law of capitalism 2big2fail. We are told if we had not submitted to the blackmail economy, America would slip into a deep depression. The Easter Bunny would not appear in the Spring.

Most Americans are still living the effects of the depression regardless. The only people spared from the losses are those who received money from the taxpayers sweat of Hank Paulsons servitude, double standard, TARP legislation. There are only two classifications to our economy they are; those who are unemployed and those who will be soon. The unemployed ranks are growing as wages fall despite the rosy picture painted by Obama. Perhaps if we focused on our economy versus the Health Care Tax we would be much better off today.

We don't need reform legislation, what we need is to unplug the American Economy from the life support system known as TARP Post Mortem. The patient died in 2008 and should be buried with full honors in Federal Bankrupcy Courts.

Capitalism will deal with the foolish speculators investors and politicians who drove our American economy to destruction..

Income Tax April 15th Day

This is the history of vampires in government spending our money wastefully, only to make room for requests for more money to be wasted. The system dates back to the days of George Washington. Our current dilemma is a result of the US Constitution 16th amendment 1913.
The current obese 2010 Tax Ax cannot be published due to limits of modern day technologies of bandwidth.

It can only be described as an Ex Wife with numerous infections, addictions and bad habits whose limited only by her boyfriend the judge.

The shear size of our Tax Ax indicates the enormous task of legally describing the unfairness of who must pay and who will benefit from inequities of the written word.

The deal of 1913 is ; as long as employers seize money for income tax from their obedient workers the employers would not be asked to pay any income taxes. This system utilizes credits or deductions from the Tax Ax to allow for discriminating loopholes for business but, excludes the worker from the same benefits.

The three martini executive lunch is a write off but, bologna and cheese white bread brown bags are excluded.

Ever wonder why interest is tax deductible and food is not? Why do we find ourselves scrambling for receipt for some items but ignoring others. Taxes forcing dollars to stretch farther and promised deductions later, encourages the direction of our wealth in America.

The Tax Code is used to seize taxes as only as a by product of it's primary purpose. The primary purpose is to direct the wealth in our country.Tax free interest on loans from banks encourages taxpayers to borrow money. Conversely it discourages taxpayers from saving money when interst income is paid out in Tax. Borrowing money is the sugar rush needed to enhance our debt driven economy. When the sugar rush ends and the crash occurs it signals in the musical chairs as everyone in business seeks security in government work. Everyone will not get a seat at the table.

Saving money guarantees a stable economy , Strong dollar, no inflation and prevents governments from spending money foolishly.
With a stable economy Wall Street tends to flat line without the sugar rush making it difficult to create money from thin air.

America's hollow economy is living from borrowed future imaginary money. Consumer borrow money from Banks to purchase homes, autos and stuff expanding the economy. This is the National Borrowed GDP. There are no numbers to describe how much of our GDP is actually paid in full.

Congress then extrapolates these numbers over years to borrow money to the National Borrowed Debt for further expanding our economy. The essence here is citizens borrow money to create a debt driven economy so that government can borrow against future Borrowed GDP.

The truth is, were broke. Since there is no gold standard the US Treasury can produce as many dollars as the economy will allow. Inflation is the enemy of our hollow economic system. When to much currency is introduced, the dollars buy less trumping the debt. This is a hidden tax that is paid by the sucker consumer.

We all realize the need for taxes to pay for services,roads and schools. What we must stop is the power given to government to discriminate the direction of wealth in America. The only way to end the discrimination, is to end tax deductions from any special interest.

Free Market Capitalism

What is it when our government interferes with Free Market Capitalism? When the federal government seizes your wages from your employer and forwards your money to a private enterprise such as mandatory insurance for public good. It isn't free market as defined below: Free Markets have no government regulation. Property rights are voluntarily exchanged by mutual consent of price between Buyer and Seller.

Socialism is a good choice by definition means capital exchanges are controlled by the state. Socialism is buyer to employer to government to seller exchange.A four headed snake that seperates the consumer from the seller with employer and government.

Richard Nixon,President (Impeached/Resignation) tried wide spread government price controls in the early seventies to combat runaway inflation of all commodities from milk and bread to autos. Farmers poured milk in creeks and shot their dairy herds in protest. To say Price Controls failed would be a huge under estimate.

Social Security, Health Care Reform, Medic Care and Medic Aid are all examples of Socialism. The consumer isn't in control of cost or quality. The insurance provider charges as they choose and establish the quality of standards. Socialism usually doesn't work when the consumer does not require the goods or services. For example: gambling, some people enjoy race horses and slot machines to spend their money. Gambling would be difficult to justify as a deduction from your paycheck. However, if Congress were to pass legislation requiring all Americans to adhere to government supported free gambling you the taxpayer would have no choice but to comply.The need therfore is purely subjective and neither socialized gambling or healthcare have any place in free market capitalism or true Democracy.

Despite pundits claim the T-Party demonstrators are wrong, the truth is Health Care is Socialism.

What is a Bank that is supported by taxpayer dollars under the claims of 2big2fail and how does it fit in a Democracy? Definitely not Free Market Capitalism nor does it fit well with socialism as once money is extorted from the taxpayer the laws of capitalism are the followed verbatim.

Taxpayers as the consumer are held to strictest laws of capitalism as lenders reposes their property and foreclose homes because bankers make money from the lost equity provided at the cost of the taxpayers credit scores. Certainly if consumers were allowed the time necessary for the economy to recover and employment to return they would enjoy the same benefits as the2big2fail Banks. Banks are allowed time to recover and even subsidized with 0% loans and the interest collected from same. Free money in the form of Mother In Law loans from Uncle Sam. We cannot have a double Standard Democracy.

When the Bankers contrive schemes to sell houses, mortgages and derivative securities to ghost consumers, constructed with criminal alien workforce and then sell the whole abortion as a triple AAA rated security on Stock Markets to foolish investors, it's Free Market Capitalism minus the criminal illegal workers. Incredible profit are recorded followed by obscene bonuses paid.

Until the inevitable bubble bursts, then it becomes Nationalized (see below) as Silverado and the recent Mortgage Derivative schemes. The taxpayers step in and pick up the tab and bankers keep their money and bonuses are hoarded.

Why is it our founders who drafted the US Constitutionn did not for see the current dilema of 2big2fail. How did we make it 200 years without this problem surfacing. Not just giving money away but, reportedly giving money away for public good! If you beleive this shit I gotta bridge to Manhattan for sale. Maybe I should get Paulson as head of sales.

Is it possible our founders did not conceive a people so stupid and so foolish who would simply give money away. Free money and 0% loans never before in our history is now common in todays news cycles. Now we the people, are proposing legislation to control giving your money away. The obvious answer here is don't ever give money away !!! To do so renders your currency worthless !!!

Read the following definitions that describe how we have tranformed into a nation of idiots.

A free market is a market without economic intervention and regulation by government except to outlaw and prosecute force or fraud. It is the opposite of a controlled market, where the government regulates how the means of production, goods, and services are used, priced, or distributed. This is the contemporary use of the term "free market" by economists and in popular culture; the term has had other uses historically. A free market economy is an economy where all markets within it are free. This requires protection of property rights, but no regulation, no subsidization, no government-imposed monopolistic monetary system, and no governmental monopolies

The theory holds that within the ideal free market, property rights are voluntarily exchanged at a price arranged solely by the mutual consent of sellers and buyers. By definition, buyers and sellers do not coerce each other, in the sense that they obtain each other's property rights without the use of physical force, threat of physical force, or fraud, nor are they coerced by a third party (such as by government via transfer payments) ^[1] and they engage in trade simply because they both consent and believe that what they are getting is worth more than or as much as what they give up. Price is the result of buying and selling decisions en masse as described by the theory of supply and demand.

Socialism is not a concrete philosophy of fixed doctrine and programme; its branches advocate a degree of social interventionism and economic rationalisation (usually in the form of economic planning), but sometimes oppose each other. A dividing feature of the socialist movement is the split between reformists and revolutionaries on how a socialist economy should be established. Some socialists advocate complete nationalisation of the means of production, distribution, and exchange; others advocate state control of capital within the framework of a market economy.

Nationalization, also spelled nationalisation, is the act of taking an industry or assets into the public ownership of a national government or state.^[1] Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities, being transferred to the public sector to be operated by or owned by the state. The opposite of nationalization is usually privatization or de-nationalisation, but may also be municipalization. A renationalization occurs when state-owned assets are privatized and later nationalized again, often when a different political party or faction is in power. A renationalization process may also be called reverse privatization. Nationalization has been used to refer to either direct state-ownership and management of an enterprise or to a government acquiring a large controlling share of a nominally private, publicly-listed corporation.

The motives for nationalization are political as well as economic. It is a central theme of certain brands of 'state socialist' policy that the means of production, distribution and exchange, should be owned by the state on behalf of the people or working class to allow for rational allocation of output, consolidation of resources, and rational planning or control of the economy. Many socialists believe that public ownership enables people to exercise full democratic control over the means whereby they earn their living and provides an effective means of distributing output to benefit the public at large, and a means for providing public finance.

The proper role of government provides a starting point for the analysis of public finance. In theory, private markets will allocate goods and services among individuals efficiently (in the sense that no waste occurs and that individual tastes are matching with the economy's productive abilities). If private markets were able to provide efficient outcomes and if the distribution of income were socially acceptable, then there would be little or no scope for government. In many cases, however, conditions for private market efficiency are violated. For example, if many people can enjoy the same good at the same time (non-rival, non-excludable consumption), then private markets may supply too little of that good. National defense is one example of non-rival consumption, or of a public good.

"Market failure" occurs when private markets do not allocate goods or services efficiently. The existence of market failure provides an efficiency-based rationale for collective or governmental provision of goods and services. Externalities, public goods, informational advantages, strong economies of scale, and network effects can cause market failures. Public provision via a government or a voluntary association, however, is subject to other inefficiencies, termed "government failure."

Under broad assumptions, government decisions about the efficient scope and level of activities can be efficiently separated from decisions about the design of taxation systems (Diamond-Mirlees separation). In this view, public sector programs should be designed to maximize social benefits minus costs (cost-benefit analysis), and then revenues needed to pay for those expenditures should be raised through a taxation system that creates the fewest efficiency losses caused by distortion of economic activity as possible. In practice, government budgeting or public budgeting is substantially more complicated and often results in inefficient practices.

Government can pay for spending by borrowing (for example, with government bonds), although borrowing is a method of distributing tax burdens through time rather than a replacement for taxes. A deficit is the difference between government spending and revenues. The accumulation of deficits over time is the total public debt. Deficit finance allows governments to smooth tax burdens over time, and gives governments an important fiscal policy tool. Deficits can also narrow the options of successor governments.

Public finance is closely connected to issues of income distribution and social equity. Governments can reallocate income through transfer payments or by designing tax systems that treat high-income and low-income households differently.

The "Public Choice" approach to public finance seeks to explain how self-interested voters, politicians, and bureaucrats actually operate, rather than how they should operate.

Public Finance Management

Collection of sufficient resources from the economy in an appropriate manner along with allocating and use of these resources efficiently and effectively constitute good financial management. Resource generation, resource allocation and expenditure management (resource utilization) are the essential components of a public financial management system.

Public Finance Management (PFM) basically deals with all aspects of resource mobilization and expenditure management in government. Just as managing finances is a critical function of management in any organization, similarly public finance management is an essential part of the governance process. Public finance management includes resource mobilization, prioritization of programmes, the budgetary process, efficient management of resources and exercising controls. Rising aspirations of people are placing more demands on financial resources. At the same time, the emphasis of the citizenry is on value for money, thus making public finance management increasingly vital.

Government expenditures

Main article: Government spending

Economists classify government expenditures into three main types. Government purchases of goods and services for current use are classed as government consumption. Government purchases of goods and services intended to create future benefits--- such as infrastructure investment or research spending--- are classed as government investment. Government expenditures that are not purchases of goods and services, and instead just represent transfers of money--- such as social security payments--- are called transfer payments.^[1]

Government operations

Main article: Government operations

Government operations are those activities involved in the running of a state or a functional equivalent of a state (for example, tribes, secessionist movements or revolutionary movements) for the purpose of producing value for the citizens. Government operations have the power to make, and the authority to enforce rules and laws within a civil, corporate, religious, academic, or other organization or group.^[2] In its broadest sense, "to govern" means to rule over or supervise, whether over a state, a set group of people, or a collection of people.^[3]

Income distribution

Income distribution - Some forms of government expenditure are specifically intended to transfer income from some groups to others. For example, governments sometimes transfer income to people that have suffered a loss due to natural disaster. Likewise, public pension programs transfer wealth from the young to the old. Other forms of government expenditure which represent purchases of goods and services also have the effect of changing the income distribution. For example, engaging in a war may transfer wealth to certain sectors of society. Public education transfers wealth to families with children in these schools. Public road construction transfers wealth from people that do not use the roads to those people that do (and to those that build the roads).

Nationalized industries, charged with operating in the public interest, may be under strong political and social pressures to give much more attention to externalities. They may be obliged to operate some loss making activities where social benefits are clearly greater than social costs - for example, rural, postal and transport services. As an instance, the United States Postal Service is guaranteed its nationalised status by the Constitution. The government has recognized these social obligations and, in some cases, provides subsidies for such non-commercial operations.

Since the nationalised industries are state owned, the government is responsible for meeting any debts incurred by these industries. The nationalized industries do not normally borrow from the domestic market other than for short-term borrowing. However, if profitable, the profit is often used as a means to finance other state services such as social programs and government research which can help lower the tax burden.

Nationalization may occur with or without compensation to the former owners. If it takes place without compensation it is a case of expropriation. Nationalization is distinguished from property redistribution in that the government retains control of nationalized property. Some nationalizations take place when a government seizes property acquired illegally. For example, the French government seized the car-makers Renault because its owners had collaborated with the Nazi occupiers of France.

Liberalism (from the Latin liberalis, "of freedom"^[1]) is the belief in the importance of liberty and equality.^[2][3] Liberals espouse a wide array of views depending on their understanding of these principles, but most liberals support such fundamental ideas as constitutions, liberal democracy, free and fair elections, human rights, free trade, secularism, and the market economy. These ideas are often accepted even among political groups that do not openly profess a liberal ideological orientation. Liberalism encompasses several intellectual trends and traditions, but the dominant variants are classical liberalism, which became popular in the 18th century, and social liberalism, which became popular in the 20th century.

Liberalism first became a powerful force in the Age of Enlightenment, rejecting several foundational assumptions that dominated most earlier theories of government, such as hereditary status, established religion, absolute monarchy, and the Divine Right of Kings. The early liberal thinker John Locke, who is often credited for the creation of liberalism as a distinct philosophical tradition, employed the concept of natural rights and the social contract to argue that the rule of law should replace absolutism in government, that rulers were subject to the consent of the governed, and that private individuals had a fundamental right to life, liberty, and property.

The revolutionaries in the American Revolution and the French Revolution used liberal philosophy to justify the violent overthrow of tyrannical rule, paving the way for the development of modern history in tandem with liberal history.