Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (37669)	1/14/2013 1:55:23 AM
From: FJB	1 Recommendation Respond to of 85487

OBAMA MISSES MOST BUDGET DEADLINES SINCE 1920S by WYNTON HALL 13 Jan 2013, 11:31 AM PDT breitbart.com Prior to the fiscal cliff deal, President Barack Obama scolded Congress for cobbling together a plan at the last minute.“America wonders why it is in this town why you can’t get stuff done in an organized timetable,” said Mr. Obama. “Why everything has to always wait until the last minute. We’re now at the last minute. The American people are not going to have any patience for a politically self-inflicted wound to our economy.” “Let’s not miss this deadline,” Obama said. “That’s the bare minimum we should be able to get done.” But now, with the president’s legally-required budget due in just 19 days, all eyes are on the White House to see whether Mr. Obama will meet the February 4th deadline, something he has only done once since becoming president. In December, the White House told Politico that it was deliberately slow walking Mr. Obama’s fiscal 2014 budget. Last week, House Budget Chairman Paul Ryan (R-WI) wrote a letter asking Acting Budget Director Jeff Zients whether the White House will once again miss the budget deadline: “Given the critical importance of addressing our nation's fiscal problems, I am writing to ask whether the President will submit his budget request this year on or before February 4 as required by law,” Ryan wrote in a letter to Acting Budget Director Jeff Zients. “If the Administration does not plan to meet the statutory deadline, when do you anticipate the request being made?” An Obama Administration source told The Hill this month that “no decisions” have been made on the timing of Mr. Obama’s budget. According to Mr. Ryan’s office, Mr. Obama has missed the legally required budget deadline more than any U.S. president since the 1920s.

To: i-node who wrote (37669)	1/14/2013 11:20:11 AM
From: Broken_Clock	Respond to of 85487

"A lot of people felt going to war with Iraq was not a conservative act; however, it was the correct move at the time given the intelligence that was available. " lol! OK there .

To: i-node who wrote (37669)	1/14/2013 11:29:28 AM
From: FJB	Respond to of 85487

Obama Is Boosting Biden's 2016 Prospects Obama Is Boosting Biden's 2016 Prospects By Richard Benedetto - January 14, 2013 In case you haven’t noticed, President Obama and his vaunted PR machine are orchestrating a full-court press to boost the presidential stock of his loyal vice president, Joe Biden. It is not clear whether Biden will seek the Oval Office next time -- he will be 73 years old when 2016 rolls around. But just in case, the political foundation is carefully being laid and the public expectation is being buttressed by White House strategists, and dutifully documented by the media. Cont... realclearpolitics.com

To: i-node who wrote (37669)	1/14/2013 1:48:21 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 85487

neo-lib, neo-con, all meant to distract from corporate socialism(since you disdain "fascism") compare this chart with the charts below: +++++ The Neoliberal Financial Skim (January 14, 2013) The perfection of the Neoliberal order is a parasitic financial sector protected by the Central Bank and State.If the Status Quo is ultimately a distribution system, as correspondent Simon H. proposes, then we should focus our attention on the inordinate share of the system's profits being distributed to the financial sector. Frequent contributor B.C. has ably captured this perfection of Neoliberal economic order in five charts. The essence of neoliberalism is that a liberalized financial sector will efficiently regulate itself via market mechanisms and make more profitable use of capital than either the State or the non-financial sectors of the economy. The State's proper role is the classical Neoliberal view is the following: 1. Get out of the way so the financial sector is free to enrich the nation with market-based allocation of capital 2. If reducing regulation is not possible, then benign neglect will do 3. Reduce the State's skim of the economy so more of the national income flows to the private economy, where the financial sector's can allocate capital according to profit potential rather than the State's cronyism and/or political corruption. This is the classic theory, but in practice the Neoliberal financial sector is the ultimate perfection of cronyism and political corruption, as the Central Bank and State protect the financial sector's vast skim of the national income with a combination of toothless regulations and regulations that are only enforced for purposes of percetpion management (see Soviet Show Trials). When the aforementioned benign neglect is insufficient to divert the national income to the parasitic finance-rentier sector, then the Central Bank and State actively transfer taxpayer monies to the financial sector via tax breaks, loopholes, and massive direct and indirect subsidies. With this context in mind, please look at the following charts to grasp the scope and scale of the State-protected financial sector skim: Precisely what benefits from this gargantuan parasitic skim flow to the general good? Into whose pockets does this gargantuan parasitic skim flow? Hint: not the lower 90% of the American populace. The perfection of the Neoliberal order is a parasitic financial sector protected by the Central Bank and State. That is the U.S. Status Quo in a nutshell. oftwominds.com