Tuesday, October 06, 2009

just run the offense

I am very frightened for the time being, especially when I think of how far K street loot can go to get lobbyist to do un-American things. And on the backside of that is that the administration, from my understanding, is talking to me as if I am stupid. More amazingly is the number of regular folk in my community who don’t know or understand and just reduce it to the event of having a black man in office who inherited the problems of a white man.

It is not that bland or myopic for me, for all I really see the President as is a job description. One that has on the first line, the ability to be deceitful and masterful in the art of double speak via lies, misinformation or silence. Obama and the rest of the folk on Capitol Hill and Wall Street are not being honest with us, the American populous. They tell us that things are ok, that the economy is improving but the reality is that it is not.

Both the Treasury and the Federal Reserve were and are well aware of the troubles which the nine big banks in America face yet feel obligated to tell us otherwise, that the banks are in good shape, improving and that the $125 Billion we gave them has proved successful – not. The reason why I suspect is because these banks and lenders can’t collect on more than 20 percent of their loans, most of which are (non current) 90 days overdue. We have had almost 100 Banks fail thus far this year (which I predicted last year) and a 41 percent increase in personal bankruptcies over the last 12 months. The FDIC even projects more than 400 banks may fall as well. And these are not the Wall street folk, but the folk who be putting cash into mainstream America mostly through investing in your local strip mall and other commercial real estate.

Moreover, when we loose 16K to 67K in jobs on a given day as some papers have documented, things are not getting any better soon (next 3 years). It’s not a good sign. For me, when I see companies cutting 20% of their work force, it tells me about the future, and a future that is one of reduced sales and profits. I also know that the number is paraded out in front of me as the national unemployment rate as if it was in the Rose bowl aint the true value (as we stay in statistics when we speak of error). The model used by the Bureau of Labor Statistics attempts to estimate new job formation caused by the birth and death of businesses and as a result added more than 900,000 jobs when the compute overall unemployment. Which tells me that the true figure may be 20 percent or more?

We lost 263,000 jobs in September making by government number, more than 15 million unemployed since last December. Now I won’t ride the President for trying to get the Olympics, albeit he should have known that there has never been one in South America, and figured up front our odds were reduced. However I will ride him on this focus on healthcare especially since the economy is way more important that that. To me his health plan is more of a mandate and tax. Telling me I have to have to purchase insurance is an economic issue more so than health one to me since it would become a part of the Internal Revenue Code and that failing to comply "could be criminal” - punishable by the $25,000 fine or jail time under Section 7203. I do not know about others, but it is hard for me to accept the prospect of the government mandating for me to pay for and to have a service I may or may not want. Tell me where is it written that in order to be a lawful citizen of this country that I have to buy any good or service? The dollar aint worth jack anyway, especially after the power move the Arab states just made. Mr. President and his flunkies, get your head back in the game, study your playbook and just stick to the offense, run the offense and stop diddle daddling around before we put yo but on the bench

14 comments:

Anonymous said...

i feel ya Pimp! we ain't gonna get no more than what we demand. i got this cartoon that has the POTUS(prez of these united states) trying to deliver a bouquet called 'bipartisanship' and an elephant on the phone to 911, saying ," there's a stalker at my door!!". that sums it up for me. he wastin' his time tryin' to 'get along' without going on. but that's just my opinion, and u know what they say about opinions.

Jay Midnyte said...

AND thats why GOLD hit all time high today + dollar is weakening quickly.

"Oct. 6 (Bloomberg) -- Gold rose to a record on speculation that currencies will depreciate, spurring inflation and boosting the appeal of the precious metal for investors seeking to preserve their wealth."

http://www.bloomberg.com/apps/news?pid=20601087&sid=afn0rKDXu3Hw

Jay Midnyte said...

I like how they say it's just "speculation" when gold or oil rises but when oil went from almost 150 to 30 they didnt say shit about "speculation."

Why can't it be intelligent people deciding to dump the dollar for real wealth (gold) based on the terrible decisions of US government and Federal Reserve.

BuelahMan said...

I can only come to one conclusion. It is all purposeful.

Kit (Keep It Trill) said...

The last link in your post is the story I've been expecting - and dreading - since 2006. I think it may have been Madeline Albright who said back or before then, that by 2010, North American Union would replace the USA... another under-reported story. With this will come the Amero, replacing the dollar.

I will miss Benjamin and what he stood for in my wallet.

nicki nicki tembo said...

Criminalizing lack of medical insurance coverage - who didn't see this shit coming? It's been about erosion of choice and a gradual progression of mandates (i.e. seat belts, auto insurance, etc.). We already know who'll shoulder the brunt of these penalties.

A.u.n.t. Jackie said...

there is a combined backlash to lack of medical care of loans, which is that prior to this economic dip that we are experiencing the NUMBER ONE leading cause in lost property was medical bills, which is to say that the uninsured were more likely to lose personal assets due to medical bills and those assets were property.

I'm the working poor with no health care as are many in my non union industry. we bust our asses with no medical care with rising costs and seasonal work the math doesn't always add up.

Black children by and large are still lacking in proper medical care nation wide. Black infants still the highest rated in infant deaths. Black and Mexicans have the highest probability of Swine Flu infection based of poor health care. Blacks and Mexicans have the highest rising rates of HIV and AID, Black Men leading the race in Prostate Cancer and the list goes on...

The idea that health care is not something that everyone in this country should have is as archaic is the idea that education was once only for white people.

the socio economic divide will remain and we all know that private health care is better than public however our country needs to acknowledge that the health field is not an even playing field.

Rich Fitzgerald said...

Man, so much is wrong right now, people couldn't handle the truth. The powers that be are forced to play "daddy" and tell the "kids" only what they need to know.

In the meantime, you have to do better if you know better.

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