Tag Archive | "Stock Market"


Republican Economic RACISM — Cherry Picking The ‘Stimulus’ in Heavily BLACK States

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SC Gov. Sanford set to reject stimulus millions

NEW YORK (AP) – South Carolina Gov. Mark Sanford has been the leading voice among Republican governors who have criticized President Barack Obama’s $787 billion economic stimulus plan as a pork-laden boondoggle that will plunge the country further into debt. It’s won him praise from many conservatives and boosted his national profile, fueling speculation he will run for president in 2012.

But the governor’s announcement this week that he may reject nearly a quarter of the money headed to South Carolina has stirred criticism in the state and elsewhere that he has placed his own political future ahead of the needs of the state’s most vulnerable citizens.

Several GOP governors, including Rick Perry of Texas, Bobby Jindal of Louisiana and Haley Barbour of Mississippi, have said they would reject a portion of the money that would expand unemployment benefits to those not currently eligible to receive them. Sanford says he will also reject those funds, but he has threatened to go much further, requesting a waiver to spend some $700 million targeted for education and other programs to pay down some of the state’s debt instead. — [ READ MORE ]


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Does it surprise? …..that these SLAVE STATES have a high concentration of BLACK constituents.

From Salon.com’s Joan Walsh:

……. is it just an accident that it’s mostly GOP governors in the party’s narrowing Southern stronghold who are threatening to reject stimulus funding, particularly aid that requires them to expand unemployment benefits? I don’t think so. The rejectionist GOP governors just happen to represent a large swath of the traditional Black Belt. And who do you think is disproportionately unemployed in Mississippi, where Gov. Haley Barbour told Salon’s Mike Madden: “We do not, in our state, pay unemployment compensation to people who are not willing and able to work full time?” Mississipi’s black unemployment rate is 11.2 percent; the white unemployment rate: 4.3 percent.

DNC Attacks South Carolina Governor – Mark Sanford

How about Gov. Mark Sanford’s South Carolina, the state with the nation’s highest unemployment rate, at 9.5 percent? In 2008, South Carolina’s white unemployment rate was 5.3 percent, while the black rate was 10.1 percent. Things are even more stark in Sanford’s Lexington County, home of the state capitol: The county is 85 percent white, and its unemployment rate is only 6.5 percent. But in Allendale County, which is 71 percent black, the unemployment rate is roughly 20 percent.

You get the picture. Bobby Jindal’s Louisiana? The black unemployment rate is 9.4 percent; the white rate is 3.3 percent. Rick Perry’s Texas? The black rate is 9.7 percent; the rate for whites, 4.3 percent. — [ READ MORE ]

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Popularity: 6% [?]

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‘Mr. Syphilis’ Sean Hannity of Fox News revives bogus ‘Obama recession’ claim

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Summary: On Fox News’ Hannity & Colmes, Sean Hannity and Hugh Hewitt rehashed the discredited claim that President-elect Barack Obama is to blame for recent declines in the stock market. In fact, analysts have cited economic data on dropping retail sales, increasing unemployment, and other significant factors to explain recent stock-market declines. This sick syphilitic pest won’t give up!

On the November 14 edition of Fox News’ Hannity & Colmes, co-host Sean Hannity and syndicated radio host Hugh Hewitt rehashed the discredited claim that President-elect Barack Obama is to blame for recent declines in the stock market. As Media Matters for America noted in response to Hannity’s earlier, similar claims, analysts have disputed the assertion that the market decline is attributable to Obama’s election, citing other factors such as economic data on dropping retail sales and increasing unemployment.

| More From Media Matters |

…and below, Sean “Mahoney” and Alan “Coward” — discuss the “Obama recession” with “cockamamie pervert pundit” Dick Morris, whose election predictions on Obama were ALL wrong!

Yes, it’s Fox News — the premier media playing ground for the syphilitic goons, perverts and hypocrites of the ReTHUGlican party……and a handful of House-Negroes, e.g. Mr. Michael Steele of Maryland.

The Politics Of Propaganda: America's Battle Against The New World Order

Popularity: 6% [?]

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Bush: A legacy of ignorance and arrogance – 8 years of perverse and dishonest leadership

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Bush The Arrogant — George Bush promised humility and delivered Ignorance and Arrogance. The legacy of this grim epoch, should be equally offensive to conservatives and liberals. President Bush’s latest permutation of crisis management is the last straw. But who best to roll back the excesses?

An LA Times Editorial
Published: September 28, 2008

As the Bush administration attempts to stabilize the nation’s economy, we are witness to the final chapter of a period of perverse and dishonest leadership that has used its own crises to justify the expansion of its own power. This was a president who came to office on promises of modesty — who championed a “humble nation,” scorned nation building and promised a more limited role for government in the lives of its citizens. Then he presided over a six-year attempt to tear down and rebuild the nations of Afghanistan and Iraq, and now has embarked on the most profound expansion of the federal government’s role in the private economy since the Depression.

In both cases, the pattern is the same. Ineptitude led to crisis; crisis then became the argument for the radical expansion of executive power. The administration insisted that it exercise its new authority with a minimum of scrutiny by Congress, the courts or the public.

In the so-called war on terror, that has meant the abdication of our most basic American principles. We have forfeited privacy and honor — the administration has monitored phones and e-mails without warrants and has secreted prisoners in foreign lands, arguing that they deserved none of our protections even while in our custody. As a nation, we have stooped to torture (while debating the meaning of the word) and refused to recognize one of our most basic Anglo-American notions, the principle of habeas corpus (thankfully, the Supreme Court, seven of whose members are Republicans, drew the line at that abomination). We have held prisoners in detention without trial, without charge, without end. In so doing, we have antagonized the world and debased America’s moral authority to lead.

The same administration responsible for these catastrophes has over the last month nationalized the largest source of funding for mortgages and the largest insurance company on the planet. And it proposed to intervene even more dramatically in the nation’s economy by having the Treasury Department — with no court, congressional or public oversight — relieve financial institutions of the troubled mortgages and related securities that have locked up the lending system.

There is no doubt about the depth and range of the crisis that provokes these calls for government action. The gyrations of the stock market have been dismaying, and the threat to the country’s financial institutions — and everyone who borrows from or invests in them — is real. Still, the audacity of this administration demanding expanded powers and curtailed accountability is a wonder to behold. The bitter irony is that this crisis warrants dramatic intervention, but President Bush’s record makes him difficult to trust even when he’s right.

These troubles are about more than a president who is unfaithful to his word. Bush has transformed the balance of power in our government. We are seeing the erection of an imperial presidency, immune from oversight when it fights terrorists and when it rescues banks.

Politically, these developments raise two questions: Which candidate to succeed Bush benefits most by the events of recent weeks? And which candidate, if either, would have the strength to roll back these expansions of presidential power if elected?

To the first question, the answer seems to be Barack Obama, though only modestly. Obama’s poll numbers have inched up in recent days as voters have taken stock of a frighteningly complex economic meltdown and been left to wonder what to think of John McCain’s abrupt, halting responses — as McCain saw it, the “fundamentals” of the economy were sound one moment, at risk the next.

Questions about McCain’s judgment in recent days have only been deepened by the performances of Alaska Gov. Sarah Palin. She has struggled in her rare public appearances, and her selection risks appearing all the more reckless and cynical when held against the seriousness of this financial crisis. Even McCain’s campaign “suspension” seemed like gamesmanship. He said he was rushing to Washington, but took his time, and the talks derailed soon after he arrived. He proclaimed that the situation was so dire he would not return to the stump until an agreement was reached, then did precisely what he said he wouldn’t. It was not an impressive week for the Straight Talk Express.

Still, Obama has hardly run away with this issue, and the economic news exposes his weaknesses as well. He is, after all, untested by executive crisis and a freshman senator of limited achievement in government. Voters may well blanch at his relative inexperience, given the gravity of these times. Indeed, it is telling that in a week when his opponent flailed, Obama made scant headway in the polls.

On the matter of which candidate could be trusted to roll back the excessive powers that Bush has aggregated, Obama is vague and McCain is exasperating. McCain has properly condemned the U.S. detention facility at Guantanamo Bay and said he would close it, but when the court granted detainees there the rights of habeas corpus, McCain denounced the ruling as “one of the worst decisions in the history of this country.” He condemned torture, but then, with the campaign underway, voted against legislation to limit the CIA’s use of coercive interrogation. Those oscillations do not reassure.

Obama, meanwhile, is more consistent and encouraging but offers few specifics. He pledges to close Guantanamo, restore habeas corpus and end the invasions of privacy undertaken in the name of fighting terrorism. Those are welcome positions and provide some hope that he would roll back Bush’s excesses. But while he pledges allegiance to the separation of powers, Obama has said little about how to honor that pledge. Rare is the politician who willingly cedes authority, and we have not heard enough from Obama to be convinced he’s that rare person.

These are not abstractions. They are the legacy of this grim epoch, one that should be equally offensive to conservatives and liberals. George Bush promised humility and delivered arrogance. The next president must not.

The United States of Arrogance

United States of ArroganceThe hypocrisy of U.S. democracy and self-righteous foreign policy is troubling the world.

The U.S. Dept of Defense, the world’s largest landlord, operates 737 military bases in 63 countries with military personnel in 156 nations.

America is ready to strike any country to procure natural resources to extend its empire, keep the dollar afloat, and ensure its utopia.

The military-industrial complex has put over 80,000 innocent Iraqis and 4,000 U.S. troops in an early grave, while putting itself in $9 trillion in debt.

Alienating humanity and creating new terrorists daily, American foreign policy is a nightmare!

Sexually abusing and raping in Abu Ghraib, using chemical white phosphorus (its own WMD) in Fallujah, destroying homes, ransacking mosques, and killing innocents across Iraq–America is winning the war of terror.

Unprecedented soldier suicides attest to a disenchanted military.

At home the FBI violates civil liberties, while the FDA approves deadly drugs, and CIA concocts phony “slam dunk” intel for war.

Popularity: 9% [?]

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America THE STUPID (Part ‘deux’) – McCain & GOP: Obama ‘Held’ Our Hands While We Voted NO!

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Sixty seven percent of Republicans just helped reject the bailout plan by a vote of 228-205. And, wall street is responding accordingly — the markets are tanking.

Uncle Sam Shakedown

The situation is so bad that GAY Democrat Barnett “Barney” Frank, offered to be “uncharacteristically nice” to those Republicans who voted against the bailout — because they didn’t like the “partisan speech” by the speaker of the house — Nancy Pelosi.

One of these despicable ReTHUGlicans, representative Darrell Issa, said he was “resolute” in his opposition to the measure because it would betray party principles and amount to “a coffin on top of Ronald Reagan’s coffin.

Yes …that long dead Ronald Reagan — the SERIAL LYING REPUBLICAN GOD, who still tickles GOP politician’s up the ass!

Just in case you are wondering, here are Ronald Reagan’s (the president ofsunny optimism“) Top 10 Greatest Achievements.

Even the “erratic and confused” John McCain, who just moments before the vote pre-maturely pro-claimed a vote success (due to his hard work) — while at the same time blaming Obama for inaction, must be stunned!

After “suspending” his campaign to provide “leadership” in Washington during this financial crisis — McSAME’s erratic politicking has failed once more, and Obama looks a lot more presidential.

What a shame!

It is the same Republicans who stymied the immigration bill last year, led by racist NAZI radio/TV talk show hosts, syphilitic maggots like Lou Dobbs, Rush Limbaugh, Sean “Mahoney” O’Hannity and a host of others, who incited an avalanche of “Working Class Whites” to “SPAM” congressional phone lines with NATIVIST rage, scaring the bejesus out of their elected officials.

Almost instantly, stocks plunged in wall street and the Dow lost nearly 600 points. It came in stunning defiance of President Bush and Congressional leaders of both parties, who said the bailout was needed to prevent a widespread financial collapse…..[MORE]

Popularity: 6% [?]

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