Category: in bed with the red

Unclear on the concept cavalcade continues to corrupt citizens’ consciousness

Unclear on the concept cavalcade continues to corrupt citizens’ consciousness

by Patrick Devlin Ripped from the headlines, the news seems to suggest that rank and file democrats are following their standard bearer’s ‘style’ when it comes to solving some of the more pressing and complex problems that we face togehter as a nation. Its good to know that these followers have appreciated the efforts made by the Obama administration to “set the tone” as we sally forth together to solve these troubling and significant criminal and cultural problems. Democratic leadership acts as anti-equal justice vigilante, taking personal initiative to smash the concept of equal protection under the law with of […]

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Presidental proffer of ‘protection’ to pilfer pensioner’s pocketbooks is pathetic

Presidental proffer of ‘protection’ to pilfer pensioner’s pocketbooks is pathetic

As part of the agreed to by all parties ‘government shut down’ congress is contemplating resurrecting elements of President Obama’s so-called ‘grand bargain’. One of the president’s proposals, lifted as many of his ‘ideas’ are from the wish-list of fiscal conservatives intent on ‘ending social security as we know it’ including the Heritage Foundation, would require that social security recipients receive reduced cost of living increases, decreases that compound over time. Meaning, the longer a Parkinson’s patient is sick and relies upon government benefits, the more her social security will diminish. The change to social security that President Obama (D-IL) […]

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The profits are reckoned in dollars and the losses in lives

The profits are reckoned in dollars and the losses in lives

by Patrick Devlin “War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives…” -Major General Smedley Butler, War is a Racket pamphlet, 1935 Herman Göring, Founder of the Gestapo in Nazi Germany : “Why, of course, the people don’t want war. Why would some poor slob on a farm want to risk his life in a war when the best that he can […]

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Rahm divvies up the free market for pals

Rahm divvies up the free market for pals

In another in the long list of privatization schemes gone (not surprisingly) awry, Chicago, a blue city in a blue state of Democratic party bred leaders that appears by all accounts to be the nation’s laboratory for free.market.cronyist.payback.projects, is running the numbers on its ‘bike share’ program called “DIVVY” (which is really a bike rental scheme) to realize that they just are not adding up. The City of Chicago began its ‘public/private partnership’ bike share scheme earlier this year after seeking bids by companies interested in partnering with the city in 2012. While a local start-up, Bike Chicago, placed a […]

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Democratic credulity and the scientific religion of free marketism

Democratic credulity and the scientific religion of free marketism

by Patrick Devlin In case there is any lingering hope, that hasn’t yet changed to disbelief or rage, that Democrats have finally torn the gauzy film of free market scientific-theologism from their eyes, we now observe the spectacle of Mr. Obama (a real true Democrat) slathering praise on the lizard-like manipulator consigliore of profit privatization and debt socialization, Mr. Summers, asserting in broad daylight that Summers makes an “outstanding” candidate to head up the Federal Reserve. I really think that Obama believes that Mr. Summers would be a “terrific” head of the Federal Reserve. And whether he knows it or […]

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Schneiderman blows statute, HuffPo blows coverage

Schneiderman blows statute, HuffPo blows coverage

In a mildly sourced report by the Huffington Post about ‘private’ conversations between a handful of senators and the Attorney General of New York, who is also a co-chair of President Barack Obama’s task force investigating the frauds carried out by the nation’s largest banks against investors in mortgage backed securities, groups including retired teachers and civil service employees, Eric Schneiderman conveyed that he is concerned that his concerns about the public’s growing concerns that the enforcement work group is nothing more than a toothless and supine act of public relations kabuki to cover for the inaction on the part […]

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BOA continues to play the USA

BOA continues to play the USA

According to the government appointed overseer of the widely publicized agreement between the US Justice Department, 49 state Attorneys General and five of the nation’s largest banks that released those banks from liabilities arising from their submitting forged documents to the courts in their effort to foreclose on the homes of millions of Americans (a crime referred to as “robo-signing”) the Bank of America has failed to modify a single mortgage for its customers, a requirement under the terms of the agreement, since the day the settlement was signed. Bank of America was required under the settlement to provide the […]

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Royal Dutch beats US government in environmental shell game

Royal Dutch beats US government in environmental shell game

Royal Dutch Shell has received initial approval from the US government to begin the process of oil drilling in the Chukchi Sea off the coast of Alaska. The US Department of interior has granted approval to the oil extraction company to begin the process of “top hole drilling” in Alaska’s costal waters even though the company has failed to receive approval for a required “oil spill containment system”. The Obama appointed head of the Department of Interior Ken Salazar said he was not sure if Royal Dutch Shell will begin oil extraction this year or in 2013. The company’s vice […]

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enforcers settle, bankers sue

Barclay’s bank was sued today for fraud related to the sale of mortgage-backed security investments by the German bank HSH Nordbank, which is seeking over $46 million in damages. Nordbank said in a statement, “all of the mortgages weren’t assigned to trusts backing the securities as promised,” and as law requires. The bank’s attorneys said, “Without such assignment of the mortgages into the trusts, these so-called ‘mortgage-backed securities’ were not actually backed by mortgages.” Nordbank reviewed more than 2000 mortgages that were sold to them by Barclay’s packaged as secured investment vehicles and found that none of the mortgages were […]

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