Jubak Calls Out the Truth — Must read !!!

What do you want to do America?  Let the greedy pricks who caused this continue covering their tracks setting up their continued gang bang of the entire planet?   

Democrats, yes, are just as guilty as Republicans.

Or stop them?  Yes stop them.   It’s time for middle America to read. Read every day.  We have much to learn. 

Read the Jubak article here.

Remember the oil bubble?

In the zone and engrossed by a lengthy to-do list, oblivious to gloom,  I walked through the front door  at work today and nearly walked past a client who’s been with our company for 5 years.   After an embarrassing double take that betrayed my inattention, I greeted Jim and learned that he lost his job several months ago.  Three managers were let go on the same day.  He was one of three.  This client is my first intimate contact with the recession.  

Ours is an academic economy, we’ve been telling ourselves.  We’ve enjoyed this mantra.  It’s been with us through many good “closes,” some unforgotten “losses” and most importantly, my own personal discovery of the martini and cabernet sauvignon.  

I lost my mantra today.  I still have my religion, such as it is, but I lost my mantra. 

Let’s talk about the grand summer of 2008 when the price of gas broke the buck.    That’s right a 222% change.  Percent change is change divided by base, right?  True, the price of gas only doubled in 2008.  Well, let’s get this right.  Prices hit three dollars then dropped for the 2006 mid-terms.   They hit four dollars then dropped for the 2008 election.  OK, but gas was $1.35 before we invaded Iraq.  It went above $4.35 in the summer of 2008.  That’s  $3 / 1.35 = 222% increase in five years.   222%

 Why has the media let off the hook those responsible for the price-fixing that defined 2008?  Demand more for your money,  America.  Demand the truth.   Who was responsible for the price fixing?  Yes, Wall Street is guilty of mortgage crimes.  Bankers are guilty.  Consumer borrowers are guilty.   There’s plenty of guilt.   You and I share in the guilt, reader and writer.

How did the 222% increase in gas prices affect the economy?   If this increase was the result of anti-trust violations, we have to hold accountable those who were responsible. 

When  you get filthy rich by breaking the law, there is a price to pay.  No exceptions. 

 

 

http://www.usatoday.com/money/economy/2006-04-27-energy-econ-usat_x.htm

By Barbara Hagenbaugh, USA TODAY

WASHINGTON — The U.S. economy has digested surging energy costs in the past few years with little more than a hiccup.

In a USA TODAY survey of economists taken April 20 to 25, 40% said higher energy prices are the No. 1 risk for the economy. While other risks were cited, such as a decline in the housing market and terrorism, energy was the top concern.

http://www.nytimes.com/2008/06/09/business/09gas.html

Here in the Mississippi Delta, some farm workers are borrowing money from their bosses so they can fill their tanks and get to work. Some are switching jobs for shorter commutes.

People are giving up meat so they can buy fuel. Gasoline theft is rising. And drivers are running out of gas more often, leaving their cars by the side of the road until they can scrape together gas money.

http://www.iht.com/articles/ap/2008/08/04/america/Economy.php

Economists believe the $168 billion stimulus program will continue to lift the economy in the current quarter, but many are worried that the economy could slow significantly in the final three months of this year and early next year as the impact from the one-time checks wears off.

Brian Bethune, senior U.S. economist at Global Insight, a private forecasting firm, said the GDP could post back-to-back declines in those two quarters, meeting the traditional definition of a recession.

“The rebates are not translating into anywhere near the spending impulse that Congress and the administration had hoped for,” he said. “Under these circumstances, the economy remains in very fragile condition.”

In the zone and engrossed by a lengthy to-do list, oblivious to gloom,  I walked through the front door  at work today and nearly walked past a client who’s been with our company for 5 years.   After an embarrassing double take that betrayed my inattention, I greeted Jim and learned that he lost his job several months ago.  Three managers were let go on the same day.  He was one of three.  This client is my first intimate contact with the recession.  

Ours is an academic economy, we’ve been telling ourselves.  We’ve enjoyed this mantra.  It’s been with us through many good “closes,” some unforgotten “losses” and most importantly, my own personal discovery of the martini and cabernet sauvignon.  

I lost my mantra today.  I still have my religion, such as it is, but I lost my mantra. 

Let’s talk about the grand summer of 2008 when the price of gas broke the buck.    That’s right a 222% change.  Percent change is change divided by base, right?  True, the price of gas only doubled in 2008.  Well, let’s get this right.  Prices hit three dollars then dropped for the 2006 mid-terms.   They hit four dollars then dropped for the 2008 election.  OK, but gas was $1.35 before we invaded Iraq.  It went above $4.35 in the summer of 2008.  That’s  $3 / 1.35 = 222% increase in five years.   222%

 Why has the media let off the hook those responsible for the price-fixing that defined 2008?  Demand more for your money,  America.  Demand the truth.   Who was responsible for the price fixing?  Yes, Wall Street is guilty of mortgage crimes.  Bankers are guilty.  Consumer borrowers are guilty.   There’s plenty of guilt.   You and I share in the guilt, reader and writer.

How did the 222% increase in gas prices affect the economy?   If this increase was the result of anti-trust violations, we have to hold accountable those who were responsible. 

When  you get filthy rich by breaking the law, there is a price to pay.  No exceptions. 

 

 

http://www.usatoday.com/money/economy/2006-04-27-energy-econ-usat_x.htm

By Barbara Hagenbaugh, USA TODAY

WASHINGTON — The U.S. economy has digested surging energy costs in the past few years with little more than a hiccup.

In a USA TODAY survey of economists taken April 20 to 25, 40% said higher energy prices are the No. 1 risk for the economy. While other risks were cited, such as a decline in the housing market and terrorism, energy was the top concern.

http://www.nytimes.com/2008/06/09/business/09gas.html

Here in the Mississippi Delta, some farm workers are borrowing money from their bosses so they can fill their tanks and get to work. Some are switching jobs for shorter commutes.

People are giving up meat so they can buy fuel. Gasoline theft is rising. And drivers are running out of gas more often, leaving their cars by the side of the road until they can scrape together gas money.

http://www.iht.com/articles/ap/2008/08/04/america/Economy.php

Economists believe the $168 billion stimulus program will continue to lift the economy in the current quarter, but many are worried that the economy could slow significantly in the final three months of this year and early next year as the impact from the one-time checks wears off.

Brian Bethune, senior U.S. economist at Global Insight, a private forecasting firm, said the GDP could post back-to-back declines in those two quarters, meeting the traditional definition of a recession.

“The rebates are not translating into anywhere near the spending impulse that Congress and the administration had hoped for,” he said. “Under these circumstances, the economy remains in very fragile condition.”

 

Seven Pictures of Buddha, Prophet’s on my tongue

Put down your cross America and listen to some Springsteen.

Mary’s Place

The Lies We Trust Cost The Most

The week, no boubt the day before Lehman failed, the Excellence in Broadcasting Network was confidently telling its listeners to ignore the man behind the curtains, this is America, the land of peace, prosperity, wealth. 

If you were listening to the man behind the Golden EIB mike, you believed your investments were secure, your mortgage was in equity, your kids were going to college.

Will those who listen to the EIB network hold accountable those who lied the hardest and the longest.  It’s the lies of those you trust that cost the most.

I lost my mantra today.

I lost my mantra today.   

 

 

In the zone and engrossed by a lengthy to-do list, oblivious to gloom,  I walked through the front door  at work today and nearly walked past a client who’s been with our company for 5 years.   After an embarrassing double take that betrayed my inattention, I greeted Jim and learned that he lost his job several months ago.  Three managers were let go on the same day.  He was one of three.  This client is my first intimate contact with the recession.   

Ours is an academic economy, we’ve been telling ourselves.  We’ve enjoyed this mantra.  It’s been with us through many good “closes,” some unforgotten “losses” and most importantly, my own personal discovery of the martini and cabernet sauvignon.   

I lost my mantra today.  I still have my religion, such as it is, but I lost my mantra. 

Let’s talk about the grand summer of 2008 when the price of gas broke the buck.    That’s right a 222% change.  Percent change is change divided by base, right?  True, the price of gas only doubled in 2008.  Well, let’s get this right.  Prices hit three dollars then dropped for the 2006 mid-terms.   They hit four dollars then dropped for the 2008 election.  OK, but gas was $1.35 before we invaded Iraq.  It went above $4.35 in the summer of 2008.  That’s  $3 / 1.35 = 222% increase in five years.   222%

 Why has the media let off the hook those responsible for the price-fixing that defined 2008?  Demand more for your money,  America.  Demand the truth.   Who was responsible for the price fixing?  Yes, Wall Street is guilty of mortgage crimes.  Bankers are guilty.  Consumer borrowers are guilty.   There’s plenty of guilt.   You and I share in the guilt, reader and writer.

How did the 222% increase in gas prices affect the economy?   If this increase was the result of anti-trust violations, we have to hold accountable those who were responsible. 

When  you get filthy rich by breaking the law, there is a price to pay.  No exceptions. 

 

 

Old headlines, just in case you forgot about gas prices.

http://www.usatoday.com/money/economy/2006-04-27-energy-econ-usat_x.htm

By Barbara Hagenbaugh, USA TODAY

WASHINGTON — The U.S. economy has digested surging energy costs in the past few years with little more than a hiccup.

In a USA TODAY survey of economists taken April 20 to 25, 40% said higher energy prices are the No. 1 risk for the economy. While other risks were cited, such as a decline in the housing market and terrorism, energy was the top concern.

http://www.nytimes.com/2008/06/09/business/09gas.html

Here in the Mississippi Delta, some farm workers are borrowing money from their bosses so they can fill their tanks and get to work. Some are switching jobs for shorter commutes.

People are giving up meat so they can buy fuel. Gasoline theft is rising. And drivers are running out of gas more often, leaving their cars by the side of the road until they can scrape together gas money.

http://www.iht.com/articles/ap/2008/08/04/america/Economy.php

Economists believe the $168 billion stimulus program will continue to lift the economy in the current quarter, but many are worried that the economy could slow significantly in the final three months of this year and early next year as the impact from the one-time checks wears off.

Brian Bethune, senior U.S. economist at Global Insight, a private forecasting firm, said the GDP could post back-to-back declines in those two quarters, meeting the traditional definition of a recession.

“The rebates are not translating into anywhere near the spending impulse that Congress and the administration had hoped for,” he said. “Under these circumstances, the economy remains in very fragile condition.”

Republicans may not abstain from participation!

Thousands of bloggers will hold you accountable

Republicans will not be allowed to sit out

You’ve admitted this is your strategy

It is not acceptable

No congressional abstinence, period

A little less passive aggressive, A little less spending, Mr. President

A little less passive aggressive

A little less spending, Mr. President

Your Support with Independents is sketchy

Thousands of bloggers intend to hold you accountable

Your Support is Tenuous Mr. President with Independents!

Rush, sit down and shut up.  If you will stop demanding a personal tax cut, the President will be able to hear me say NO NEW SPENDING.   OK, fix health care.  Outside of that, NO NEW SPENDING. Not even on banks unless you’re covering FDIC’s shortfall, nothing.  NO NEW SPENDING.   See Rush, he’s already hearing me.  And he knows that I was a Republican before I was an Independent and that my support is tenuous.  So sit down Rush.  Shut up.

Big Ten Standings

Big Ten Basketball Standings Before Tonights Games

How deep will the Spartans go in the NCAA Tournament? 

Illinois – What a surprise!

Penn State  Beats Illinois / Going to NCAA? / Congratulations

Indiana – We hear you breathing.

Michigan State	14-3	1155	1014	24-5	2105	1824	W4
Illinois	11-6	1025	962	23-7	1953	1688	L1
Purdue	11-6	1132	1038	22-8	2097	1766	L1
Penn State	9-7	962	996	20-9	1916	1781	W1
Minnesota	9-8	1044	1033	21-8	1941	1772	W1
Ohio State	9-8	1122	1110	19-9	1878	1733	W1
Wisconsin	9-8	1055	991	18-11	1854	1707	L1
Northwestern	8-9	1063	1099	17-11	1808	1690	W3
Michigan	8-9	1068	1096	18-12	2026	1912	L1
Iowa	4-13	967	1058	14-16	1807	1768	L3
Indiana	1-16	1007	1203	6-23	1750	2039	L8

Springsteen / Holy

 

You’ve come this far – Check out my Springsteen post – Here