Tag Archive for GOP

All about the private equity scam… by Robert Reich

 Ok, so many times when I get into political discussions with some of my euro-pals, I get questions about how plutocrat fat-cats like Mitt Romney got so damn rich in the first place. Well for one thing, it surely helps to have a rich dad. Hucksters like Romney, and even the scummiest of them all Donald Trump both did. Mitt was able to parlay his fortune however, by playing the classic money game called “Private Equity Funding”.

It all sounds on the up and up, but don’t be fooled. It’s a classic scam that allows greedy scumbags to make a business of exploiting perfectly good and profitable companies for their own selfish gain. Usually at the expense of their workers, and Joe Taxpayer.

One of the reasons I’m posting this, is to have a convenient link to send friends to when the subject arises, as it inevitably will in this election year. Another reason is because it is by far, one of the clearest, succinct, and factual explanations about the subject I have yet to see. Well done, Dr. Reich. 

Waaaaaaaa…..

Just when you think that new lows can’t be achieved, the GOP outdoes itself yet again. This time it’s all about the Obama campaign’s little reminder ads that basically just say that Mitt Romney would NOT have gone into Pakistan to get Osama Bin Laden. In fact, he was rather adamant and clear about NOT doing it. So what, now he can’t be held to his words? Ich don’t think so. I don’t care what kind of flak people throw on Obama about this. This issue is FAIR GAME and it’s about time the GOP got a dose of its own crack. But enough of what I think, let’s see what Jon has to say about it… :)  

And be sure to watch the clip that follows this one too. 

The Sistas are doin’ it for themselves…

Oh god, it just keeps getting more and more bizarre…

George Will still thinks that pot is a “gateway drug”?

What, are we still in the 50's?

Watch Barney Frank tear him a new one, while I dig out my copy of "Reefer Madness"... :)

Well, please allow me to retort…

I came across this op-ed piece by a supposed economics professor named Bradley Schiller this morning. It has been sticking in my craw all day ever since. His piece comically misses the mark on so many points, I honestly didn't know where to start. 

After some stewing, I decided to reply to it directly. As if I were debating somebody on a Facebook, Huffpost, or web forum thread. It just seems to be the most appropriate way to respond. So here it goes. His statements are quoted and italicized, followed by my responses, item by item.

By Bradley Schiller
Sun Dec 4 2011 12:00 AM
"The class war is on. It's the 99% of "us" versus the 1% of "them."

In the rhetoric of this war, we are fighting the 1% because they possess most of the nation's wealth, bankroll their handpicked political candidates, control the banks and get million-dollar paychecks and billion-dollar bailouts; yet they don't pay enough taxes or invest their wealth in creating American jobs. They're the "millionaires and billionaires" President Obama has called out as needing to pony up more for progressive reforms of our healthcare, banking, tax and political systems. They are the enemy of "us" — the 99% who toil at low-wage jobs, hold underwater mortgages, face foreclosures, suffer recurrent and protracted job layoffs and plant closings, and yet pay our fair share of taxes."

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Need a clear explanation about that $7.7 trillion thing?

Fine, here you go. Given by none other than Congressman Dennis Kucinich. Yes, an avowed liberal. But someone who always seems to be going for the truth, no matter where it may lie ideology-wise.

I've been reading up a bit on the double-talk being given on both sides of the aisle regarding this whole shitstorm that's been raised since this story broke last week. Needless to say, there's not a lot that pols on either side are willing to say about it. The GOP is particularly mum. To me, that's no suprise. It's clear all involved in this particular scam were simply not counting on this secret ever being exposed. Congress didn't even know about it until last week. What's more, it was almost an accident the way they found out about it. Turns out that the big six banks couldn't really account for the source of the almost $14 billion that they actually PROFITED from the whole scheme.

Considering that these "secret loans", raises the stakes of the terms of the bailout by no less than ONE THOUSAND TIMES, there should be no less that multiple in corresponding outrage. I've got more to post, so while I'm doing that, just check out the video... 

Regarding Elizabeth Warren, Mark My Words…

The more I find out about Elizabeth Warren, the more I realize that we are looking at a future president. It's pretty hard to not like and respect this incredibly sharp, uber-intelligent woman (and we all know how I dig smart chicks :P ). Self-made, independent, humble roots, a youth loaded with incredible challenges. Despite being a mother of two at a VERY young age, she rose to the top merely on her own merits, becoming president of Harvard. She has obviously never forgotten where she came from.

Despite the fact that she's a democrat (a rather moderate-liberal one), there is simply nothing to dislike about her.

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Thanks Newt… How did we not see this?

 Child labor laws be damned! Heck, those poor kids should be doing all the crap work. What have we been thinking? Thanks for enlightening us all. To call this a "radical proposal" doesn't even do it justice. Next, let's tackle the pesky issues of our time. You know like women's right to vote, and perhaps desegregation laws. Let's face it, those laws are stupid too. I think you're on to something. Please do keep enlightening us... 

Oh… please… oxygen… can’t… breathe… :D