Breaking News: Supreme Court Elects To Decide 2012 Presidential Election (January 16, 2012)

Posted in Constitution, Courts, Elections, Health Care, O'Bama, Presidency, Supreme Court on January 16, 2012 by e-commentary.org

. . .

L1          “It really is so much easier.”

L2          “And they are so smart.  . . . .  Right.”

L1          “The outspoken opponents of judicial activism are awfully active judicially.”

L2          “And their actions and decisions are actively awful.”

L1          “In Bush v. Gore, the Supreme Court held that it has the authority to appoint the President.”

L2          “Nothing is inconceivable today.  Laugh at me if you will, but I still maintain that allowing the Supremes to select the President is an ill-advised practice and a terrible precedent.”

L1          “The Five Lobbyists – our friends Roberts, Scalia, Thomas, Kennedy, and Alito – announced that they will decide who wins the Presidency in 2012.  They will issue their decision in the context of the health care hullaballoo.”

L2          “Seems so.  When they review the constitutionality of ‘Romney – O’Bama Care,’ they may be confused by Romney’s ever changing positions.”

L1          “From what I hear, first Romney is in favor of Romney Care and then against Romney Care and then in favor and then against and then in favor and then against and then in favor.”

L2          “And then against.  I’m telling you, he is giving flip-flopping a bad name.”

L1          “What if the Five Lobbyists uphold ‘Romney – O’Bama Care’ and don’t taint the campaign?”   

L2          “You mean because ‘Romney – O’Bama Care’ is constitutional, albeit not the most sound public policy.”

L1          “That really should be a relevant consideration.  At least I think so.”

L2          “When do you think they will issue their decision?”

L1          “June.  Before heading off to the beach.”

L2          “They would need to hijack another case to select the President.”

L1          “They come back from the beach in October and could distort any old case lying around to declare the winner in November.”

L2          “I wouldn’t put it past them.”

. . .

[MLK – getting his words right is right and a nice birthday present.]

Bumper stickers of the week:

Who says one vote does not matter?  5-4 was enough

The SCOTUS determining the POTUS is decidedly FUBAR

Losing Faith: MF Global and Kodak (January 9, 2012)

Posted in Bankruptcy, Banks and Banking System, Economics, Housing, Judges on January 9, 2012 by e-commentary.org

. . .

K          “With each passing day, the American dream is being stolen from more and more proverbial hard-working and law-abiding Americans.  When enough ordinary Americans lose their few investments, there will not be enough Americans who are invested in America.”

J          “MF Global and Jon Corzine stole money and did the American thing.  They fraudulently filed Chapter 7 of Title 11, the Bankruptcy Code, as a securities dealer rather than a commodities broker to provide powerful creditors access to the company’s cash before its ordinary citizen clients.”

K          “The picture at Kodak is not pretty.  The retirees will discover that the pensions they worked a lifetime to build are vaporized or at least reduced in a moment via Section 365 of Title 11.  Even the Bankruptcy Code is economically and morally bankrupt.”

J          “And distorted and prostituted at every opportunity by bankruptcy lawyers and judges.  For so many other ordinary Americans, their house is a cage, a prison and a leg-hold trap.  The owners are drowning and can neither fight nor flee, neither tread water nor swim away.  Housing prices still must drop substantially to achieve market clearing prices.”

K          “If everyone acknowledged the real market value of houses, the house of cards would collapse.  Big Banks and most homeowners would be forced to admit that everyone is hopelessly insolvent.  Local governments would not be able to raise enough tax revenue unless they raised the mill rate to a crippling percentage of purported market value.  The only way for the Republic to survive the day is to nourish a collective national delusion that everything really is alright.”

J          “Is it better to nourish a collective national delusion?”

. . .

Bumper sticker of the week:

When you ain’t got nothin’, you ain’t got nothin’ to lose.

Iraq: AGFPT. Iran: AGFPT II? (January 2, 2012)

Posted in Bush, Foreign Policy, Iran, Iraq, Military Commissions Act, National Defense Authorization Act / FY 2012, O'Bama, USA PATRIOT Act on January 2, 2012 by e-commentary.org

. . .

S          “Most members of the uniformed military are leaving Iraq, but America is never leaving Iraq.”

T          “The troops may only be able to take a two week R & R before invading Iran.”

S          “The American populace simply wanted and wants the Iraq quagmire to disappear.  Everyone in positions of influence dutifully obliged and rarely brought it up.  The invisible war.  Out of sight; out of mind.”

T          “Those in power in America seem inclined to maintain at least two wars.  Where next?  Iraq was and is America’s Greatest Foreign Policy Travesty, yet the failure can still be topped.”

S        “Will anyone remember?  Will anyone learn?  History is being written not by historians but by publicists and spin doctors.”

T          “Everything about the invasion was a lie.  Who realizes that the surge was not a surge of troops but rather a splurge of bribes to buy a temporary cessation of violence?  When the funds disappeared, the violence returned.”  

S          “To his credit, Bush seemed to learn something from the Iraq nightmare and didn’t invade Iran and trigger World War III.  It looked close for a few years.”

T          “That could have emerged as the new AGFPT.  However, Iran sporting nuclear weapons is not a pretty sight.  The sanctions sound tidy and elegant, yet they may be as provocative as a missile strike.  The major nations have engaged in clear acts of war.  And no one in power has adequately described America’s fundamental national interests in the region.”

S          “There should be a serious national debate before embarking on World War III.”

. . .

[O’Bama signed the National Defense Authorization Act (NDAA) for Fiscal Year 2012.  His signing statements will not bind or limit future presidents.  See the “e-ssays” titled “Vaclav Havel – Plato’s “Playwright President” (December 19, 2011)“, “Republicans are Enemy Combatants? (May 10, 2010)” and “Gun Control, NRA Style (January 9, 2006).”]   

Bumper sticker of the week:

The “Dirty Half Dozen.”  Let’s never forget:  George Bush, Dick Cheney, Donald Rumsfeld, Paul Wolfowitz, Richard Perle, Douglas Feith

Boxing Day (December 26, 2011)

Posted in Consumerism, Economics, Entitlements on December 26, 2011 by e-commentary.org

. . .

B          “On this day, the servants were allowed to use the discarded gift boxes from the previous day’s festivities to take some of the leftovers home.”

C          “The genesis of recycling.  I thought it also refers to the fights that break out when consumers brawl for gifts to continue the holiday celebration.  Like fisticuffs for sneakers.  Bare-knuckled negotiations to acquire something to cover one’s feet.”

B          “The Boxing Day model is a private sector approach, yet only a few lucky souls benefit.  We as a society cannot any longer create the conditions to allow everyone to work.  And we cannot continue to provide government payments to those who are not working.  And we cannot rely on private charity, even with substantial tax deductions for the contributions, to provide for those who are not working.  And we cannot not do something for those who are not working.”

C          “Cut defense spending on the hundreds of frivolous boondoggles that do not contribute to our national defense.”

B          “That is part of the solution.  We are in a box.  The best the ‘best’ can do is counsel us to ‘think outside the box’ without even understanding why we are boxed in by our limited resources.”

. . .

Bumper sticker of the week:

Sit long, talk much, laugh a lot

Vaclav Havel – Plato’s “Playwright President” (December 19, 2011)

Posted in Civil Rights/Civil Liberties, Military Commissions Act, National Defense Authorization Act / FY 2012, Political Parties, Politics, USA PATRIOT Act on December 19, 2011 by e-commentary.org

. . .

C          “The American republic elects showboats and con artists to political office.  The Czech people elevated Plato’s ‘playwright president’ to office to aid in creating a democratic republic.”

D          “Someone from the world of movies and television could succeed in American politics but not someone from the world of arts and letters.  He straddled the worlds of poetry and politics.”

C          “Our politicians should be in prison for the crimes they commit in our land every day.  Havel went to prison for years to protest the crimes committed by the politicians in his homeland.”

D          “And fostered the Velvet Revolution.  America needs to foment a Velvet Revolution.”

C          “Our revolution will not be as smooth.”

. . .

Bumper stickers of the week:

Vaclav Havel – Nobel Peace Prize Recipient in ?

European is lost; Europe is lost

Run that by me once again.  Why would Congress send to the President the National Defense Authorization Act (NDAA) that makes possible the indefinite detention of U.S. citizens suspected of terrorist activities without due process in situations authorized by the President?  The 13 senators who voted against the bill: Dick Durbin (D-Ill.), Ben Cardin (D-Md.), Al Franken (D-Minn.), Tom Harkin (D-Iowa), Jeff Merkley (D-Ore.), Ron Wyden (D-Ore.), Bernie Sanders (I-Vt.), Jim Risch (R-Idaho), Rand Paul (R-Ky.), Mike Lee (R-Utah), Jim DeMint (R-S.C.), Mike Crapo (R-Idaho) and Tom Coburn (R-Okla.).

[See the “e-ssays” titled “Republicans are Enemy Combatants? (May 10, 2010)” and “Gun Control, NRA Style (January 9, 2006).”]

Is The American Consumer Irrelevant? (December 12, 2011)

Posted in Bankruptcy, China, Consumerism, Pogo Plight, Society on December 12, 2011 by e-commentary.org

. . .

P          “Another holiday season and consumers are consumed with consumption.  They say that seventy percent of our economy is or has been driven by consumer spending.  They also say that something that cannot go on forever will not go on forever.  And it can’t go on forever.”

L          “It can’t.  The consumers have not paid for their past consumption.  The Chinese have provided the goods and the money to get the goods and deferred payment but not forgiven the debt.  The American consumer is becoming an afterthought in the world market.”

P          “They say that saving is up in the aggregate, yet only very slim sliver of individuals who actually have money, distrust the stock market and seek to protect principle are saving.”

L          “Consumption is an addiction.  Advertising provides the shallow inducements and exploits deep fears and anxieties.  Economic health warnings should be added to all advertisements.  ‘Purchasing this product may be dangerous to your economic health.’”

P          “For so many today, keeping up with the Jones is not adequate.  Vanquishing the Jones is the goal.”

L          “And the Jones cannot afford to keep up with let alone vanquish their neighbors.  From another perspective, the parvenu of the last few decades are a sign of a society with upward economic mobility.  The economic mobility has reversed direction and is rapidly moving down.  Few are arriving.”

P        “Too many individuals are gullible.  There are too many iPhones, iPads, iPeds, iPods, iBooks, iMacs, iMeMines.”

L          “Individuals must take more responsibility.  If you circumnavigate the grocery store and only acquire goods from the shelves and refrigerated cases along the outside perimeter, you will find a variety of tasty and nutritional foods.  The junk food is piled in the middle of the store.  The market works if you understand the layout of the market.”

. . .

[See the “e-ssay” titled “Consume, Don’t Invest? (Nov. 9, 2009)”]

Bumper stickers of the week:

He who dies (having played in a responsible way) with the most toys wins

Live simply so that others may simply live

Trade in a credit card for a library card

Bernays was right on the money

Plan B Is Part Of Plan A

Standing Up In America (December 5, 2011)

Posted in "Fiat ______", Bailout/Bribe, Banks and Banking System, Courts, Credit Unions, Crime/Punishment, Housing, Kleptocracy, Law, Locke Gary, Perjury/Dishonesty, Politics on December 5, 2011 by e-commentary.org

. . .

L          “We now learn that while he was Secretary of Treasury, Henry Paulson tipped off some of his hedge fund buddies of the Fannie Mae bailout.  Everyone in power is quick to proclaim that his statements and actions are not illegal and declare that nothing can be done.  His statements and actions are illegal, but those in power refuse to enforce Title 18, the criminal provisions of the United States Code, because they do not want to bring charges against their compatriots in power even their competitors in the other party.”      

O         “They cop out and refuse to send the cops out.  Because otherwise someone could bring charges against them some day.  The Great Ruling Class Truce.  And no one asks any follow-up questions or demands answers.”

L          “However, a federal judge in New York, Jed S. Rakoff, took a stand from his seat on the bench and rejected a settlement between the Big Banks and the SEC that would have let the Big Banks substantially off the hook.” 

O         “I read a blurb that the state attorney general in Massachusetts, Martha Coakley, took a stand and demanded that the Big Banks follow standards.  The lawsuit may put the Big Banks on the hook.”

L          “And in developments overseas, America’s standard-bearer in China, Gary Locke, is America’s stand-up guy in China.”

. . .

[Henry Paulson:  http://www.bloomberg.com/news/2011-11-29/how-henry-paulson-gave-hedge-funds-advance-word-of-2008-fannie-mae-rescue.html]

[Jed S. Rakoff:  http://www.npr.org/blogs/thetwo-way/2011/11/28/142856070/judge-blocks-citigroup-sec-settlement]

[Martha Coakley:  http://www.washingtonpost.com/business/economy/massachusetts-attorney-general-sues-big-banks-over-foreclosure-practices/2011/12/01/gIQAgwnUIO_story.html.  See the “e-ssay” titled Fire Your Attorney General (November 7, 2011)]

[Gary Locke:  http://www.washingtonpost.com/lifestyle/style/gary-locke-is-star-in-china-as-first-us-ambassador-of-chinese-ancestry/2011/11/28/gIQA703DEO_story.html?hpid=z2.  See the “Category” denoted “Locke, Gary”]

Bumper stickers of the week:

America Is Exceptional / When America’s Exceptional

Take a stand

Take a few fiat dollars out of your credit union and put them in your pocket for safe keeping.

Le Dollar – World’s Reserve Currency? (November 28, 2011)

Posted in Dollar - World's Reserve Currency, Iraq on November 28, 2011 by e-commentary.org

. . .

7          “Why did America invade Iraq?”

8          “. . . .  Why do you ask?”

7          “Why did America join in the bombardment of Libya.”

8          “. . . .  Why do you ask?”

7          “What if something much more subtle is also partly at play.  Look thoughtfully at some snippets of information from obscure sources.  What if there were credible challenges and even direct threats to the dollar’s position as the world’s reserve currency?”

8          “The problem is that America is not likely to invade or bomb some of the countries that are considering the denomination of some transactions in something other than the dollar.”

7          “America may be learning that it cannot invade and bomb its way out of every situation.”

8          “The world still flees to the dollar when it needs a secure haven, yet the flight is motivated by fear not love and may be temporary.”

7          “The breaking point will occur when a critical mass of countries abandon the dollar as the reserve currency.  Enough individuals in power in America realize what will transpire.”

. . .

[See the “e-ssays” under the “Category” titled “Dollar – World’s Reserve Currency”]   

Bumper stickers of the week:

In God We Trust; Ingot We Trust

China : USA; Germany : Europe

Boycott Big Banks – Vote Your Dollars (November 21, 2011)

Posted in Bailout/Bribe, Banks and Banking System, Boycott Series, Civil Rights/Civil Liberties, Credit Unions, Guns, Occupy Movement on November 21, 2011 by e-commentary.org

. . .

X          “The money you withdraw from a Big Bank and deposit in a credit union does not matter to the Big Bank.  The Big Banks get free money from the Federal Reserve.  The Federal Reserve has already given away more than 16 Trillion with no Congressional approval and no prospect of every receiving any of the money.  However, when you withdraw your money from a Big Bank, you are surrendering your serfdom and asserting your freedom.  The Big Bank can no longer fleece you.  All the little fees are little fleas that pester and annoy and destroy you.  The Big Banks are five and ten dollaring you to death.”

Y          “When I moved my money to my local credit union, I was already in the lobby when I thought about applying for a car loan.  They offered the best rate.”

X          “Never borrow money from a Big Bank; only borrow money from a credit union or community bank.  When too many Americans did not deserve credit, the Big Banks and their surrogates fooled them and forced credit on them.  Now when a few deserving Americans desire and deserve credit, the Big Banks are unwilling to lend.  A credit union is willing to loan.”

Y          “The brochure says that I may even be able to apply for a home improvement loan.”

. . .

[See Senator Bernie Sanders at http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3]

[See the “e-ssay” titled “O’Bama Arming Industry (November 22, 2010).”  The benchmark price of .22s in November is $21.99.]

Bumper stickers of the week:

The spray seen ’round the world – UC Davis, 11/18/11

The pen is not mightier than the sword, but the video camera may be as moving

A video is worth ten thousand words

Banks got bailed out; people got sold out

Boycott Big Banks; Support Credit Unions

Lend To Credit Unions; Borrow From Credit Unions

Vote Your Dollars

http://www.occupycafe.org/

http://caselaw.findlaw.com/us-9th-circuit/1332957.html

An “Occupy Primer” (November 14, 2011)

Posted in Bailout/Bribe, Banks and Banking System, Economics, Kleptocracy, Law, Occupy Movement on November 14, 2011 by e-commentary.org

. . .

?          “The Bonus Marchers sought what?”

!           “Bonuses owed to them by the government.”

?          “The civil rights advocates sought what?”

!           “Civil rights.”

?          “The women’s rights proponents sought what?”

!           “Women’s rights.”

?          “Those who sought to end the war in Vietnam sought what?”

!           “To end the war in Vietnam.”

?          “Those in the Occupy Movement seek what?”

!           “Simple.  They seek to end a game that is rigged at every step against everyone except a very small elite.  They seek to change a political and financial and legal and schooling scheme that is corrupt and decadent from top to bottom and from right to left.  They seek a build a future but suspect that there is not one.  They seek to replace the current vacuous kleptocracy with a viable democracy.  They seek to start a discussion and a dialogue among equals in an outdoor Academy to supplant the lies foisted on them from those in power.  That type of stuff.”

?!         “They want a fair chance.  I get it.”

. . .

[See the “e-ssays” titled Occupy America (October 10, 2011) and Occupy America: The “Bonus March/Chicago Police Riot/Kent State” Of 2011? (October 17, 2011)]

[See the “e-ssay” titled America Recycles Day, November 15 (November 15, 2010) and celebrate “America Recycles Day” tomorrow by doing something.]

Bumper stickers of the week:

We are the 99.9%

Occupy Jenkins Hill; Occupy Capitol Hill

Occupy [our small burg]

(Neoclassical) Economics – “The Dismal Religion”

(Neoclassical) Economics – “The Delusional Religion”

I won’t believe that a corporation is a person until Texas executes one