Independent Journalism » obama

Go BK!?!

Schober — Wed, 14 Sep 2011 05:14:09 +0000

NEW YORK (MarketWatch) — You want to fix this economic crisis? You want to put people back to work? You want to light a fire under the economy?

There’s a way to do it. Fast. And relatively simple.

But you’re not going to like it. You’re not going to like it at all.

Default. A national Chapter 11 bankruptcy.

The fastest way to fix this mess is to see tens of millions of homeowners default on their mortgages and other debts, and millions more file for bankruptcy.

Click to Play Roy Smith: Break up the banks, even Goldman

Fears of recession, tough trading conditions, an ocean of unresolved litigation and the worsening euro-zone mess have delivered a real pounding to bank stocks this summer. Former Goldman Sachs partner Roy Smith joins Mean Street to offer a solution: Break up the banks.

I told you that you wouldn’t like it.

I don’t like it much either. It sticks in the craw that people got to borrow all that money and won’t have to pay it back.

But you know what? The time to stop that was five or 10 years ago, when the money was being lent.

It’s gone.

And mass Chapter 11 is, by far, the least obnoxious solution to our problems.

That’s because the real cause of our economic slump isn’t too much government or too little government. It isn’t red tape, high taxes, low taxes, the growing divide between the rich and the poor, too much government debt, too little government debt, corporations, [read more]

Nobel Peace Prize Winner Obama, Illegally Assasinating With Drones

constitutionalist — Thu, 17 Jun 2010 02:46:11 +0000

The UN has declared the use of drones in Pakistan by the US to be illegal as it basically violates the rules of war and gives the US a license to kill indiscriminately.

Obama has sanctioned 134 hits by drones. And this guy is a Nobel Peace Laureate? Yeah, that’s right. he was given that award “for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples.” [read article]

And now the FAA is under ‘pressure’ to allow indiscriminate use of drones to police the US populace, on home soil. Pressure from whom? Homeland security, Department of Defense, CIA, FBI, countless other alphabet soup agencies and police around the country.

Some talkback radio and internet radio have had callers reporting that they have already seen drones being used and tested in American skies. And just days ago, this secret drone test in the Houston area… watch the video -> http://current.com/news/91878877_spy-drones-in-usa-discovered.htm

With the advent of non-lethal weapons like microwave guns and sound cannons, together with high powered cameras, laser targeting and GPS, it stands to reason these units will fast become the preferred method of policing the American people. Sounds like science fiction, but it’s [read more]

What a mess

phil — Sun, 13 Jun 2010 03:42:59 +0000

Article from the AP and Fox news.

Coast Guard Tells BP to Speed Up Containment Pace

Published June 12, 2010

| Associated Press

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ORANGE BEACH, Ala. — The federal government has given BP until the end of the weekend to find ways to speed up efforts to contain huge amounts of oil gushing from a ruptured well in the Gulf of Mexico, according to a letter released Saturday, as large globs of brown crude coated Alabama’s white sand beaches.

Coast Guard Rear Adm. James A. Watson sent a letter to BP officials on Friday expressing frustration with the overall pace of the effort and ordered the company to identify ways to expedite the process in the coming says.

“Recognizing the complexity of this challenge, every effort must be expended to speed up the process,” Watson wrote in the letter, sent to Doug Suttles, BP’s chief operating officer.

BP has struggled with several efforts to contain the oil. The latest cap installed on the blown-out well is capturing about 650,000 gallons of oil a day, but large quantities are still spilling into the sea.

Scientists have estimated that anywhere between about 40 million gallons to 109 million gallons of oil have gushed into the Gulf since a drilling rig exploded April 20, killing 11 workers and triggering the worst oil spill in U.S. history.

The Coast Guard initially sent a letter to BP on Wednesday asking for more details on its plans to contain the [read more]

What about America?

RobertBeadles — Fri, 11 Jun 2010 09:41:23 +0000

Hey all, I was reading Phil’s article and yes democrats are on the way out, for the most part, this election. But rather than just simply replacing a Republican for a Democrat or Democrat for a Republican as I have often said, we should hold them all equally accountable.

So many times we get fed up with one party and replace them with another, this needs to stop. We deserve better. We need to get to the root of the problem and fix it there. There has to be an individual accountability.

I won’t lie to you, I am a bit frightened about the whole democratic process ( we currently have a Republic but people still call it a Democratic process) I was looking at the numbers and saw that less than 10% in a lot of instances came out to vote in the primaries. This has me very worried.

We all have a huge stake in our Country and deserve what our Founding Fathers and our families fought so hard to give us. Why is it so many of us would rather watch our favorite sitcom than catch up on the current events or vote for our freedoms?

Why is it so many of us will never miss an American Idol episode and yet despise and cast out a televised political debate? We need political education people. We are fading away. Taxes are consuming us, political figures are betraying us, our freedoms are disappearing, our bankers are making their own rules that we have to pay for, it’s [read more]

Times are a changin

phil — Fri, 11 Jun 2010 07:31:54 +0000

If your a democrat up for re-election a republican will replace ya. Its about time we get Republicans back in office these democrats are killin us! Come November we will get it back! Rise of the [read more]