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The G-20: Anarchists and Correspondents Speak Out

Watching The News: The Bias Is Sometimes To Much To Take
Before getting to the G-20 itself, I have to say that the coverage from some "news" outlets is unbelievable in it's biased love affair with President Obama. I know that this comes as no great surprise, but sometimes it gets to the point where it has to be brought up.
 
John Harwood is the Chief Washington Correspondent of CNBC and a political writer for the New York Times. I watch him report on CNBC, only because I watch the ticker on the bottom. As a correspondent, it is his job to report the news, not to invoke his opinion of the news. That is not the case and at times it is to much to bear.
 
The commentary Wednesday was that the throngs of protesters in downtown London stood in stark contrast to the throngs outside of Buckingham Palace expressing their adulation for President Obama, ostensibly proving the strength of his popularity not only in the United States, but in England and the rest of Europe as well. If that is the case John Harwood, then the protesters and anarchists must be an indicator of popular U.K. and European thought as well.
 
More likely, these are both relatively small groups of people drawn by a specific occasion. Each could be in the majority of English thought or minority, but it is not John Harwoods place to make that determination. I would also assume that not every person outside of the Palace was pro-Obama or pro-United States, but in this case of consistent partisanship, that possibility was not mentioned.

Anarchists and Financial Fools Day
 
In a world that is feeling the pain and frustration of the financial crisis, the protests that went on Wednesday in London by anarchists and other groups was for the most part non-violent, although uniform in the condemnation of the capitalist way of doing business.
 
The first thing that I was struck by is that as non-participants in capitalism, the protesters have more than enough time to travel to these summits and demonstrate.
 
The second thing that I was struck by was that it seemed as if there were some non-anarchist types interviewed who also seemed to question whether an alternative system might be better.
 
The problem as I see it is the potential for these types of protests and waves of dissatisfaction to slip from fringe groups to the regular folks who begin to understand the extreme depth and ramifications of the problem. These world leaders and rainmakers need to solve or stem the tide of the problem before the term social unrest spreads to groups that we would never have anticipated that it could spread to.
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What Will Save Our Economy?

The Political and Financial Markets Commentator (http://politicsandfinance.blogspot.com)

Monday, February 23, 2009

What Will Save Our Economy?

Mortgage Foreclosure Solutions House in chains

How Do We Get Ourselves Out Of This Crisis?

I have been accused by some readers of being a "Monday morning quartback", of critisizing and not offering solutions and of getting the facts wrong about why we are in the mess we are in. The fact of the matter is that the only one in that list that I am actually guilty of is not being able to offer a credible solution to a problem that is slowly sucking the country and the world down.

Now I am a pretty smart guy, but not smart enough to have the answer to a problem that the "best" minds on Wall Street created (of course with the help of the politicians of both party's), and that the "best" minds on Wall Street, Washington, academia and elsewhere can't seem to solve.

If only they had used their power for good instead of evil.

In any event, as I have mentioned before when it comes to macro-economic issues as well as the inner workings of markets, I find Jim Cramer to be an extremely knowledgable source. Not the greatest stock picker in the world, but that's alright.

These are his thoughts on how we can get out of this problem, which is much more definitive than the ever changing drivel that keeps coming out of Washington.

Jim Cramer

Love him or hate him, the man has actionable and definitive ideas based on an extremely extensive and successful background on Wall Street and as an observer of the markets and economy.

"According to Cramer, neither nationalization, which does too much, or euthanasia, which does too little, will work to save the financial system. He said what will fix it, however, would be offering 40-year, 4% fixed rate mortgages to everyone, especially to those whose mortgages are based on current appraisals. He again advocated forbearance for the banks, with no "mark-to-market" rules enforced.


Cramer said we simply cannot let the chips fall where they may, and the alternative of nationalizing will wipe out the preferred
stock and so much more."

This is a short synopsis of his idea, but to me it sounds as if it makes more sense than any of the start and stop plans that we have gotten out of Washington so far. I know the same critics will say that Obama has now ony been in office for _____ days, but Tim Geithner has been on the scene for a lot longer than that (the guy the administration just had to have despite his tax problems), as have the members of congress, and all of them still can't seem to be able to grab their own a___s with both hands.

Maybe they should bring in some new outside advisors. Sphere: Related Content
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The "Game" Of Politics Is Destroying Us

Monday, February 2, 2009

The "Game" Of Politics Is Destroying Us

This Is Serious: The Game Of Politics Is Slowly Destroying Us

http://www.memberguide.gpoaccess.gov/

I am a Republican leaning conservative and you might be the same or a Democrat or a Liberal or not really into politics at all. At the end of the day, at least when it come to our economic future, it is time to join forces and tell the politicians in Washington to cut the crap and put the country's best interests in front of their own political interest.

Party Line Voting

Now I am not in the negotiations for determining exactly needs to be done about the mess that we are in that has been in the making for more years than Bush was in office. This is not an easy problem with an easy solution as we can see by the fact that the TARP has been redefined at least three times.

We do supposedly have some of the best financial minds at our disposal to determine what we must do to fix this problem that has the potential to consume us all.

Unfortunately we then have the politicians who pretty much know very little about a large amount of things getting in the middle, getting their face time, pontificating, lecturing, porkulating (a new word meaning trying to get theirs for the peolpe back home) blaming and who are basically getting in the way of a solution being achieved that might work.

Explain to me how a party line vote works exactly. Not one person in a party disagrees with the subject and not one in the other party can agree? What are the odds of that?

It is time for our Senators and Congress men and women to cut the crap, get the gumption they said they had when we elected them, determine what they think is right or wrong and not what the party is telling them is right or wrong.

Do the best you can to fix the mess that is slowly sucking the life out of the economy and country. Stop worrying about re-election and do what you love to say you are in Washington to do: The People's Business. All the people, not just the ones in your state of legislative district.

Risk your political future for the future of the country!!!

Write your congressman or woman, write your senator, and tell them to cut the political crap and get back to yours and my business.

http://www.memberguide.gpoaccess.gov/
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