You have to walk your talk, America

Archive for December, 2009

Miley Cyrus judges Angelina’s parenting, but her own 9 year old sis dresses like a ho in public

Tuesday, December 29th, 2009

Miley Cyrus thinks celeb parents shouldn’t parade their kids in public. Credit: Big Pictures/Bauer-Griffin

Seventeen-year-old superstar Miley Cyrus says in an Irish TV interview that she “really disagrees” with the way Madonna and Angelina Jolie allow their children to be on camera all the time.

I haven’t seen Madonna’s, or Jolie’s kids on their family’s for-profit (for example, the Cyrus’ www.Mileyworld.com) website.  I’ve only seen them in paparazzi photos, doing everyday things.  Paparazzi, as in ‘not by choice’…

Noah Cyrus, 9, dressed for Halloween. Juan Rico, Fame Pictures

And here, on MileyWorld.com, (Miley’s FOR PROFIT webpage) is Noah Cyrus, 9, smacking her a**, singing ‘Smack That’, by Akon.  Right in front of her sister Miley.

According to ParentDish.com,

IrishCentral.com also says that Miley spoke about her heart problem, tachycardia, a condition in which the heart beats faster than normal. According to the article, she has had tachycardia from the time she was born, and because of her condition she needs to avoid stress as much as possible.

So let’s see. Miley Cyrus has had a serious heart condition since birth. She should try not to get stressed. As a young child, her parents put her on television. A very relaxing profession. (I mean, child stars never grow up and have serious problems, right?) Then they did the same thing with her sister. But Angelina Jolie and Madonna have done something wrong because people take photos of their kids.

Pot calling the kettle black…

Senate Minority LIAR Mitch McConnell says Obama’s the one who caused HUGE debt. Problem? Its not true.

Sunday, December 27th, 2009

Except he’s wrong.  According to the Center on Budget and Policy Priorities:

President Obama Largely Inherited Today’s Huge Deficits
Economic Downturn, Financial Rescues, and Bush-Era Policies Drive the Numbers

Its amazing that McConnell can be straight faced while carrying his shovel of bull fertilizer…

Can’t stand to see FAIL? Let’s approve another $290 billion of short term rescue instead of a systemic fix

Sunday, December 27th, 2009

OUR OVER LEVERAGED ECONOMY

hat tip to Barry Ritholtz

“Any healthy system needs a way to correct error and remove waste. Nature has extinction, the economy has loss, bankruptcy, liquidation. Interfering in this process lengthens feedback loops. Error and waste are allowed to accumulate, and you ultimately get a massive collapse.

Capitalism is primarily attacked by two groups: utopians who wish to impose a more “compassionate” system, and political capitalists who want to enjoy the fruits of success without bearing the pain of failure. They use the coercion of the state to gain privileges, at the expense of everyone else.

As a country we’ve become less tolerant of economic failure. The result has been a series of interventions, such as meddling in the credit markets, promoting homeownership and creating a variety of safety nets for investors. Each crisis leads to an even greater crisis. The solution is always greater doses of intervention. So the system becomes increasingly unstable. The interventionists never see the bust coming, then blame it on “capitalism.”

-Kevin Duffy, Bearing Asset Management.  (highlights are SchizoAmerica’s)

What has Congress SNUCK BY US this time?

A $290 billion increase in the federal debt ceiling narrowly cleared Congress on Thursday, giving Treasury just enough leeway to pay the government’s bills into February and setting the stage for a showdown over fiscal policy early next year.

Senate Republicans insisted that 60 votes be required for passage and then held back their own members in order to force as many Democrats as possible to walk the plank on what has never been a popular or easily explained decision back home.

The same issue returns with a vengeance Jan. 20th when senators will be asked to vote on a still larger, long-term debt increase within days of President Barack Obama’s new budget and State of the Union address.

Treasury’s daily statements this week indicate it is still about $65 billion under its current $12.1 trillion ceiling, and conservatives argued that special measures could be invoked still to avert default over New Year’s. But with Congress leaving for the holidays, Senate Banking Committee Chairman Chris Dodd (D-Conn.) said that failure to act would have been “catastrophic” for the U.S. internationally. And Senate Finance Committee Chairman Max Baucus (D-Mont.) said that payments to Social Security recipients were also at risk.

“The bottom line is we have no choice,” Baucus told his colleagues. “We have to approve it.”

So 2010 begins, much farther down the rabbit hole…

Incarcerated KIDS should be kept CLOSE TO HOME

Thursday, December 10th, 2009
CYA 'counselors' beating a young ward.

CYA 'counselors' beating a young ward.

Ella Baker Center’s Books Not Bars just sent me the following email:

As 2009 draws to a close, we’re happy to report that the dwindling population in the Division of Juvenile Justice (DJJ) forced the closure of one of the state’s most abusive youth prisons, Southern California’s Heman G. Stark. However, instead of seizing this opportunity to place youth from Stark closer to their families, the DJJ is sending many youth even farther away.

Maria*, a Families for Books Not Bars member, hasn’t seen her son in two years. A resident of East Palo Alto, she hasn’t been able to visit him due to the distance and the cost of travel. When she heard the news that Stark is being closed, she hoped her son would be transferred to a youth prison closer to her home. Maria’s hopes were shattered when she learned her son would remain in Southern California and not be transferred up north. Other families who want their children to remain near them in Southern California have learned their kids will be sent nearly 400 miles away.

It’s not too late to stop this injustice — tell Bernard Warner, head of the DJJ, to move the young people being transferred out of Stark closer to their families.

Studies have shown that maintaining family connection throughout a child’s period of incarceration decreases the likelihood of recidivism and increases the likelihood of success. But it’s plain common sense to keep youth near their families, and it’s cruel to isolate them.

Today, help us commemorate Human Rights Day by standing up for the young people inside Stark. On December 10, 1948, the world came together to ratify the Universal Declaration of Human Rights, the first global proclamation of human rights. It was signed by many countries, including the United States. While we reflect upon the gains we’ve made in the last 61 years around the world, we must also remain vigilant to protect the most fundamental rights of kids here in California.

We have a long way to go before California and the DJJ embody the tenets of the Declaration. But you can help. Make Human Rights Day especially meaningful this year by joining us in demanding that prison officials move young people closer to their families.
http://www.ellabakercenter.org/?p=bnb_move_closer

Justice for families,

Zachary Norris
Ella Baker Center for Human Rights

*Name has been changed to protect privacy and to prevent potential retaliation


Cut your mortgage by 30%

Friday, December 4th, 2009

I live in an expensive part of the world.  I watch real estate closely, I check Clean Offer every day (thanks to my amazing realtor, Warren Mullen).

The FDIC is FINALLY floating the brilliant idea of slashing mortgages.

FDIC Chair Sheila Blair

FDIC Chair Sheila Bair

(Hmmm, notice who is offering to FIX things for the American taxpayer, after we’ve been sold up river by the male dominated banking system and the Federal Reserve?  A WOMAN…)

Economists agree that decreasing mortgages might be the only way to stop the massive avalanche of future foreclosures.

I see that most houses that go on the market in my area (San Francisco Bay Area) go on the market at inflated prices that reflect the real estate bubble of a few years ago.  Problem is, that bubble has burst.  No one can get loans, bank lending is super-tight despite being bailed out by billions of hard earned American dollars.  If you missed ONE credit card payment, your credit score could drop 100 points, your credit cards can shoot their interest rate up to 29% and you are screwed.  NO HOME FOR YOU!

The houses that do sell, sell for 20% to 30% off the asking price.  So, in my opinion, banks should be forced to lower mortgages 20-30%.

And I’m not alone in thinking this…

Economists like Yale University’s John Geanakoplos, have argued that cutting the principal on delinquent loans should have been the administration’s practice all along. For the nearly quarter of American homeowners who owe more on their mortgage than the house is worth, it’s by far the best way to keep them in their homes and reduce foreclosures, Geanakoplos said in an interview last month.

Guess who benefits?  Banks?  Yes.  YOU?  YES.  Finally, a solution that benefits the taxpayer who keep the economy afloat.

Obama’s plan of loan modifications? FAILURE.  1/3 of American homeowners have underwater mortgages.  With loan modifications, the bank agrees to make your 30 year mortgage into a 40 year mortgage.  If you carry a $1,000,000 mortgage, you pay $2,160,000 over 30 years, at 5% interest.  So now the bank agrees to charge you a bit less interest.  But you’re paying an extra 10 years for a mortgage that is more than the value of your house.  Guess who profits from the loan modification?  Not you.

The only solution is REAL WORLD.  Home values have dropped 30%.  Drop mortgage values by the same 30%.  NOW.

1932: “The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt.”

Thursday, December 3rd, 2009

“Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over… This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.”

Rep. Louis T. McFadden (D-PA)
Chairman
Committee on Banking & Currency
US House of Representatives
Congressional Record/Page 12595
1932

Today, Senator Jim Bunning, R-KY, who was the sole NO vote on Bernanke’s appointment 4 years ago, had the following HARSH words, calling Bernanke ‘the definition of moral hazard‘:

Under your watch, the Bernanke Put became a bailout for all large financial institutions, including many foreign banks. And you put the printing presses into overdrive to fund the government’s spending and hand out cheap money to your masters on Wall Street, which they use to rake in record profits while ordinary Americans and small businesses can’t even get loans for their everyday needs.

s-BERNANKE-large

Take the time to read the full prepared statement from Jim Bunning.  Every high school and college student should have it as required reading.

Here is Bunning introducing the Transparency Resolution:

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