Posted: January 23, 2011 | Author: dakinikat | Filed under: Barack Obama, SOTU, U.S. Economy, U.S. Military, U.S. Politics, Voter Ignorance, We are so F'd | Tags: State of the Union Address |
So, there’s this NYT article up today called ‘Obama to Press Centrist Agenda in His Address’. Here’s the President’s own words on how the State of the Union address is shaping up.
“My No. 1 focus,” he said, “is going to be making sure that we are competitive, and we are creating jobs not just now but well into the future.”
“These are big challenges that are in front of us,” Mr. Obama also said in the video, sent to members of Organizing for America, his network of supporters from the 2008 campaign. “But we’re up to it, as long as we come together as a people — Republicans, Democrats, independents — as long as we focus on what binds us together as a people, as long as we’re willing to find common ground even as we’re having some very vigorous debates.”
So, we’re hearing themes of jobs, bipartisanship and coming together to focus on the future which probably includes spending cuts to Medicaid, Medicare, and Social Security. Here’s another link for you from the Examiner.com with the headline of ‘Obama’s State of the Union: emphasis on job creation, immigration reform on limbo’.
President Barack Obama delivered his first State of the Union speech which ran for seventy-five minutes emphasizing in job creation, offering very few specifics, and listing a number of ‘accomplishments,’ such as cutting of taxes and preventing a ‘second depression’.
Obama talked Wednesday night about spending freezes as part of the solution to revamp the economy and to repay for the $1 trillion that it took to rescue the economy last year.
Starting in 2011, we are prepared to freeze government spending for three years. Spending related to our national security, Medicare, Medicaid, and Social Security will not be affected. But all other discretionary government programs will. Like any cash-strapped family, we will work within a budget to invest in what we need and sacrifice what we don’t.”
Correct me if I’m wrong, but is the State of the Union address just going to be a mulligan for last year’s SOTU except this time he’ll be even more Republican friendly and business friendly while he delivers the same message? One of the criticisms of Obama’s vision thang has been that he continually offers up the same things but just tinkers with the buzzwords because he sees that it’s not the message that’s the problem but it’s the selling methodology that’s faulty.
Take for example his first stimulus which was about 40% business friendly tax cuts that really didn’t accomplish much in the way of job creation. His latest tax cuts are still business friendly and probably won’t accomplish much in the way of job creation either. This time around, however, he’s not going around giving speeches about ‘fat cat’ businessmen and Wall Street bankers. Most of the Treasury Department is filled with left over Goldman Sachs folks. Now, we have the West Wing filled less with politicians and more with fat cats. Other than a few more musical chairs or a few less hostile names in the spirit of pre-election financing needs, how is this any different than what we’ve seen before?
Can he just basically recycle last year’s speech–sans the swipe at the Supreme Court–and still be seen as some change agent or some transitional figure? I’m going to have to watch, but this lead up is sounding a lot like “Can you hear me now?” more than anything else.
And, what does it say that two years later, we’re still getting State of the Union addresses that need to focus on jobs? How about that the stuff they’ve been trying really isn’t working? Will using the buzz word “competitiveness” just be the new frame from last year’s talk on “doubling U.S. exports over the next five years”? Is this just a remarketing of the same five year plan with a few words meant to give Republican Congressmen hard-ons for hope?
The NYT is calling this “political rebranding”. They’re hinting that he’s even going to talk on reforming the corporate tax code. So, that means we get less of everything, they get more and it sounds like the same trickle down economics from the same set of tax cuts that continues to destroy the budget and brings on calls for decreases in “entitlements”. I’m not seeing any real change here. So, it took me a bit to get to the part of the article that raised questions with answers I’d personally like to hear.
While most midterm presidents use the State of the Union to take credit for their achievements to date, Mr. Obama is constrained by the facts that unemployment remains above 9 percent, that his signature domestic achievement — the expansion of health insurance coverage — remains unpopular with nearly half the country, and that prospects for withdrawing many troops from Afghanistan later this year remain uncertain at best.
So, I’m making my list of things I’d like addressed on Tuesday when we watch the SOTU and live blog it here. The first is about this miserable surge in Afghanistan and the 6 month time line for the end. The second is why are corporate profits setting records and the financial markets recovering if we’re so damned uncompetitive now and we have such a screwed up corporate tax policy? How the heck are we going to export more stuff when we really don’t make anything to export? How many copies of old Arnold movies can the developing world order? Why do businesses and insurance companies want to keep HCR so much? Finally, why do you think that more tax cuts are going to create jobs when they haven’t done so to date?
So, that’s my list. What’s on yours?
Meanwhile, Republicans continue to prove they live in an alternate universe with no use for science,math or economic theory.
The Senate’s top Republican, Mitch McConnell of Kentucky, said on Sunday that his party will vigorously oppose the spending initiatives President Obama plans to include in his State of the Union address on Tuesday because “it’s not a time to be looking at pumping up government spending.”
I’m thinking we might as well change the party names right now. The usual republican suspects are now the leadership of the democratic party. They get to become the Republicrat party. Republicans just may as well change their name to the National Right to Life and John Birch Society Party. Where’s an old style Democratic voter to go?
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Posted: January 22, 2011 | Author: bostonboomer | Filed under: Afghanistan, Barack Obama, Foreign Affairs, fundamentalist Christians, Iraq, Pakistan, U.S. Military, U.S. Politics | Tags: Afghanistan, foreign policy, Georgetown University, IRAQ, James Carroll, Jeff Sharlet, Knights of Malta, Opus Dei, Qatar, Seymour Hersh, Stanley McChrystal, Taliban, William McRaven |

On January 17, famed New Yorker Magazine investigative reporter Seymour Hersh made a speech in Doha, Qatar at a college operated by the Georgetown University School of Foreign Service. The first half of the transcript of the speech has been published here by Foreign Policy Magazine. The speech contains a great deal of background information and speculation–which, when it comes from a reporter of Hersh’s caliber, is often quite fascinating. I’d suggest reading the whole thing before taking the word of Hersh’s numerous media critics.
The bit of the speech that has drawn the media’s ire is a few remarks Hersh made about fundamentalist Christian influence in the U.S. Military and and offhand remark about Obama’s wimpy leadership. Foreign Policy’s Blake Hounshell mocked the speech in a blog post:
In a speech billed as a discussion of the Bush and Obama eras, New Yorker journalist Seymour Hersh delivered a rambling, conspiracy-laden diatribe here Monday expressing his disappointment with President Barack Obama and his dissatisfaction with the direction of U.S. foreign policy.
“Just when we needed an angry black man,” he began, his arm perched jauntily on the podium, “we didn’t get one.”
Hersh told the audience he is writing a book about how a small group of “neoconservative whackos” took over the U.S. government. Hounshell writes:
Hersh then brought up the widespread looting that took place in Baghdad after the fall of Saddam Hussein in 2003. “In the Cheney shop, the attitude was, ‘What’s this? What are they all worried about, the politicians and the press, they’re all worried about some looting? … Don’t they get it? We’re gonna change mosques into cathedrals. And when we get all the oil, nobody’s gonna give a damn.'”
“That’s the attitude,” he continued. “We’re gonna change mosques into cathedrals. That’s an attitude that pervades, I’m here to say, a large percentage of the Joint Special Operations Command.”
He then alleged that Gen. Stanley McChrystal, who headed JSOC before briefly becoming the top U.S. commander in Afghanistan, and his successor, Vice Adm. William McRaven, as well as many within JSOC, “are all members of, or at least supporters of, Knights of Malta.”
[….]
“Many of them are members of Opus Dei,” Hersh continued. “They do see what they’re doing — and this is not an atypical attitude among some military — it’s a crusade, literally. They see themselves as the protectors of the Christians. They’re protecting them from the Muslims [as in] the 13th century. And this is their function.”
Hounshell also devoted a follow-up blog post to picking apart some of Hersh’s claims.
The reaction of various media members to these comments seems to me to have been a bit of an overreaction. Paul Farhi at the Washington Post focused on the accusations about General Stanley McChrystal:
A spokesman for McChrystal said the general “is not and never has been” a member of the Knights of Malta, an ancient order that protected Christians from Muslim encroachment during the Middle Ages and has since evolved into a charitable organization. These days, the Knights, based in Rome, sponsor medical missions in dozens of countries. McChrystal’s spokesman, David Bolger, said Hersh’s statement linking McChrystal to the group was “completely false and without basis in fact.”
Interestingly, no one speaking for McChrystal said anything in response to the suggestion that he might be involved with Opus Dei. Since we have at least two members of the Supreme Court who are Opus Dei members, why would it be surprising to find their members in other high government offices?
If you read the transcript of Hersh’s speech, you’ll see that Hersh acknowledges that both the Knights of Malta and Opus Dei do good work, but that is ignored in the mocking media responses.
More from Farhi:
Hersh’s attempts to link the religious groups to the Pentagon, meanwhile, brought a denunciation from Catholic League President Bill Donohue, who said Hersh’s “long-running feud with every American administration – he now condemns President Obama for failing to be ‘an angry black man’ – has disoriented his perspective so badly that what he said about the Knights of Malta is not shocking to those familiar with his penchant for demagoguery.”
Bill Donohue? Seriously? I’m supposed to believe Bill Donohue over Seymour Hersh? Sorry, no can do.
Further, Pentagon sources say there is little evidence of a broad fundamentalist conspiracy within the military. Although there have been incidents in which officers have proselytized subordinates, the military discourages partisan religious advocacy.
But is that really true? I don’t have time to dig up all the possible evidence for Christian fundamentalist influence in the military, but I’ll provide one reliable source. Jeff Sharlet, who has now written two books on “The Family,” the secretive fundamentalist organization that courts politicians and other powerful people, wrote an article in Harpers’ Magazine in 2009 called “Jesus Killed Mohammed: The Crusade for a Christian Military.” Sharlet writes:
When Barack Obama moved into the Oval Office in January, he inherited a military not just drained by a two-front war overseas but fighting a third battle on the home front, a subtle civil war over its own soul. On one side are the majority of military personnel, professionals who regardless of their faith or lack thereof simply want to get their jobs done; on the other is a small but powerful movement of Christian soldiers concentrated in the officer corps. There’s Major General Johnny A. Weida, who as commandant at the Air Force Academy made its National Day of Prayer services exclusively Christian, and also created a code for evangelical cadets: whenever Weida said, “Airpower,” they were to respond “Rock Sir!”—a reference to Matthew 7:25. (The general told them that when non-evangelical cadets asked about the mysterious call-and-response, they should share the gospel.) There’s Major General Robert Caslen—commander of the 25th Infantry Division, a.k.a. “Tropic Lightning”—who in 2007 was found by a Pentagon inspector general’s report to have violated military ethics by appearing in uniform, along with six other senior Pentagon officers, in a video for the Christian Embassy, a fundamentalist ministry to Washington elites. There’s Lieutenant General Robert Van Antwerp, the Army chief of engineers, who has also lent his uniform to the Christian cause, both in a Trinity Broadcasting Network tribute to Christian soldiers called Red, White, and Blue Spectacular and at a 2003 Billy Graham rally—televised around the world on the Armed Forces Network—at which he declared the baptisms of 700 soldiers under his command evidence of the Lord’s plan to “raise up a godly army.”
What men such as these have fomented is a quiet coup within the armed forces: not of generals encroaching on civilian rule but of religious authority displacing the military’s once staunchly secular code. Not a conspiracy but a cultural transformation, achieved gradually through promotions and prayer meetings, with personal faith replacing protocol according to the best intentions of commanders who conflate God with country. They see themselves not as subversives but as spiritual warriors—“ambassadors for Christ in uniform,” according to Officers’ Christian Fellowship; “government paid missionaries,” according to Campus Crusade’s Military Ministry.
So are Hersh’s accusations really “loopy” as Charles Lane, also of the Washington Post, claims?
Well known Catholic writer and former priest James Carroll has also claimed there is a “fundamentalist surge in the U.S. military.”
Carroll, in a recent interview with Tom Engelhardt of The Nation Institute, talked about his experiences working on a documentary version of his book. Part of that project involved delving into allegations that an evangelical Christian subculture had taken root at the Air Force Academy in Colorado Springs and, by larger extension, across the U.S. military.
Carroll was appalled by what he found.
“In the Pentagon today,” he says, “there is active proselytizing by Christian groups that is allowed by the chain of command. When your superior expects you to show up at his prayer breakfast, you may not feel free to say no. It’s not at all clear what will happen to your career. He writes your efficiency report. And the next thing you know, you have, in the culture of the Pentagon, more and more active religious outreach.”
Continues Carroll, “Imagine, then, a military motivated by an explicit Christian, missionizing impulse at the worst possible moment in our history, because we’re confronting an enemy–and yes, we do have an enemy: fringe, fascist, nihilist extremists coming out of the Islamic world–who define the conflict entirely in religious terms. They, too, want to see this as a new ‘crusade.’ That’s the language that Osama bin Laden uses. For the United States of America at this moment to allow its military to begin to wear the at this moment to allow its military to begin to wear the badges of a religious movement is a disaster!”
OK, so two highly respected reporters/writers agree with Hersh about a fundamentalist influence in the military. Are his claims really such hogwash?
Here’s an article from AFP news service in Feb. 2008: “US military accused of harboring fundamentalism.”
It’s about a soldier, Jeremy Hall, who claimed to have been bullied by fellow soldiers and officers during his deployment in Iraq because he didn’t want to participate in Christian religious activities.
These are just three articles that I dug up on this topic. Now let’s look at some of the other claims in Hersh’s speech that no one seems to want to talk about. Specifically, let’s look at a couple of samples of the more serious charges Hersh makes against Obama. Here’s one:
So, what is Obama doing? Obama has turned over, I think his first year, basically, he turned over the conduct of the war to the men who are prosecuting it: to Gates, to Mullen, who is the chairman of the Joint Chiefs. And in early March, as I recreate it — and nothing is written in stone, but I’m just telling you what I’ve found in my talking and my working on this over the years — we have a general running the war in Afghanistan named McKiernan. McKiernan, unlike McChrystal, his deputy at the time Rodriguez, unlike Petraeus, unlike Eikenberry… They were all together at West Point class of 74, 75, 76 — what they call, we always call the sort of West Point Protective Association. McKiernan was William and Mary, not West Point. And Gates went to see him in March of ‘09, sort of the first big exploration on behalf of the new Obama administration. What do you need to win the war? Well, the correct answer was, he said, “300,000” — of course, he knew he wouldn’t get it, he was just saying to win that’s what it’s going to take.
Here’s another:
In any case, Obama did abdicate, very quickly, any control, I think right away, to the people that are running the war, for what reason I don’t know. I can tell you, there is a scorecard I always keep and I always look at. Torture? Yep, still going on. It’s more complicated now the torture, and there’s not as much of it. But one of the things we did, ostensibly to improve the conditions of prisoners, we demanded that the American soldiers operating in Afghanistan could only hold a suspected Taliban for four days, 96 hours. If not… after four days they could not be sure that this person was not a Taliban, he must be freed. Instead of just holding them and making them Taliban, you have to actually do some, some work to make the determination in the field. Tactically, in the field. So what happens of course, is after three or four days, “bang, bang” — I’m just telling you — they turn them over to the Afghans and by the time they take three steps away the shots are fired. And that’s going on. It hasn’t stopped. It’s not just me that’s complaining about it. But the stuff that goes on in the field, is still going on in the field — the secret prisons, absolutely, oh you bet they’re still running secret prisons. Most of them are in North Africa, the guys running them are mostly out of Djibouto [sic]. We have stuff in Kenya (doesn’t mean they’re in Kenya, but they’re in that area).
Hersh had plenty of harsh words for Cheney too, but no one is talking about that either. All the media is discussing is Hersh’s supposedly “loopy” conspiracy theory about fundamentalists in the military–which really isn’t all that nutty of a theory, as far as I can tell.
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Posted: January 20, 2011 | Author: dakinikat | Filed under: Crime, right wing hate grouups, The Media SUCKS, the villagers, U.S. Politics | Tags: hate groups, Ruby Ridge, Seattle bombing, Waco, White terrorism |
Early into the Tucson massacre, I wrote a post called White Terrorist Apologia. It was based on a statement from a

Click on this picture to go to a short discussion on skinheads. Read the apologia for skinheads there in the comments. Comments like " skin heads have there place in our society" and "Great topic to write about but unfortunately, they pose no real threat to the Country as a whole! "
reader of Juan Cole’s Informed Comment that “pointed out that if a Muslim organization had put out a poster with American politicians in the cross-hairs, and one had gotten shot, there would have been hell to pay”. We had a recent terrorist threat in Spokane with pics just shown in the Seattle Weekly as a “sophisticated and deadly” bomb deposited along a MLK celebratory parade route. Then, we got the silence of the lambs. My guess is that napsack was deposited by the Washington State Hate Group “The American Front Skinheads’ or some such spin off. They’ve done stuff like that before. Here’s a refresher for those of you that don’t remember the early 1990s around the Ruby Ridge Incident and Waco.
In this context, the FBI recorded four incidents of right-wing terrorism between 1990 and April 1996 (when The Antiterrorism and Effective Death Penalty Act of 1996(1) “AEDPA” was signed into law), including two July 1993 bombings in Washington state, by the American Front Skinheads–one of a gay bar in Seattle and the other of the NAACP headquarters in Tacoma. More generally, from 1989 through 1991, the Justice Department reported that the number of bombing incidents in the United States increased from 1208 to 2499; none were acts of Arab terrorism. In 1993, there were forty-three deaths and over three hundred injuries due to bombings not tied to international terrorist groups.
EmptyWheel picked up on the quiet too and noted that Some Terrorism Scares Are More Useful Than Other Terrorism Scares. Marcy discusses not only how we don’t screech about acts of terrorism most likely committed by right wing groups but that right wing blogs seem complicit in the silence. She cites David Neiwert and his running list of domestic terror attacks that she argues “demonstrates clearly that these are not isolated incidences”. She also points out a very interesting headline at The Philadelphia Inquirer: ‘Has right-wing carping killed media coverage of major “domestic terrorism” case in Spokane’ by Will Bunch.
Which is why I can’t help but wonder if there’s a backstory here related to the past weeks coverage of the assassination attempt on Rep. Giffords, and the right-wing critique of some of that coverage. As you surely recall, the fact that a Democratic congresswoman was targeted in a state that has beeb a bastion of the Tea Party Movement and unrest over issues like illegal immigration provoked a number of articles about political rhetoric on the right — including the fact that Giffords had been mapped with crosshairs in the now famous political mailing by Sarah Palin’s PAC.
Does the pro-gun crowd disown these kinds of militias, own them, or just want them ignored by the MSM so as not to interfere with their spin that only leftist loonies threaten our government? Marcy’s thoughts are pretty clear on the matter.
Because the press almost never covers these domestic terrorism incidents. And, just as importantly, our government doesn’t often (the biggest exception was the Hutaree bust) hold big press conferences to report on such events, partly is because most press conferences are about arrests, not unsolved crimes. Moreover, in spite of Neiwert’s and Bunch’s work, there is not one bogeyman, like al Qaeda, which the press can blame.
And without an easy and convenient bogeyman, terrorism scares don’t serve the same purpose for the press, or the government.
How much of this also has to do with the fact that we really have no real left in this country? We actually have no actual liberals or socialists that really have a voice in media or a major following on the web. All we have is ‘progressives’ and conservatives that aren’t interested in conserving anything but the wealth of the plutocracy. As I pointed out in my January 8 post, even when the FBI and other law enforcement agencies point out these right wing militia groups, the right wing blogosphere and media turns it into an attack on gun rights and veterans. They deliberately miss the point.
This leads me to believe that we’re only subject to concern about terrorists when it’s politically convenient. We can extrapolate terrorism out of building mosques but actually finding bombs along parade routes isn’t so interesting because it doesn’t play into the current political theatre. The current political theatre is what’s cooking on the list of John Boehner and the like. Right now, the list of acceptable terrorist threats include anything that might be linkable to Mexican Drug Cartels, women wanting reproductive care, and Muslims. So, building a mosque is an act of terrorism. Asking a pharmacist for drugs which stop uterine infections is an act of terrorism. Printing signs in both Spanish and English is an act of terrorism. Actually leaving bombs on MLK day parade routes; not interesting.
We need to start calling a lot more people out on this. It’s obvious that most Americans really don’t know what a long and violent history we have with these right wing militia groups. Check out that running list and a similar one I posted on my January 8 thread. These folks are violent, crazy, and well armed. They are already in the country. The press needs to do a better job of providing information on all threats to domestic security even when it doesn’t match with the narrative the right wing wants on gun ownership and anti-federal government memes.
Buried in our newspapers from yesterday:
Yesterday the AP reported an anonymous U.S. official saying it was the most “potentially destructive” device he’d ever seen.
“They haven’t seen anything like this in this country,” the official said. “This was the worst device, and most intentional device, I’ve ever seen.”A bit alarmist, perhaps. But no doubt that this thing exploding on a parade procession would have been horrific.
Oh, and think you’re someplace safe?
Police Seize ‘Large Amount’ Of Weapons From Blogger Who Praised Giffords Shooting: ‘1 Down And 534 To Go’
Police in Arlington, MA this week seized a “large amount” of weapons and ammunition from local businessman Travis Corcoran after he wrote a blog post threatening U.S. lawmakers in the wake of the shooting of Rep. Gabrielle Giffords (D-AZ). In a post on his blog (which has since been removed) titled “1 down and 534 to go” — 1 referring to Giffords and 534 referring to the rest of the House of Representatives and the Senate — Corcoran applauded the shooting of Giffords and justified the assassination of lawmakers because he argued the federal government has grown far beyond its constitutional limits. “It is absolutely, absolutely unacceptable to shoot indiscriminately. Target only politicians and their staff and leave regular citizens alone,” he wrote in the post.
Oh, and this guy wasn’t a Muslim, wasn’t a Mexican, and wasn’t a woman wanting an abortion. He falls into the extreme libertarian anti-government category like his buddies described up top. His tweets indicate he’s a fan of Senator Rand Paul. What will the Drudge Report and the Tea Party say to defend his arsenal and his speech? Just another white guy who loves parts of the first amendment and all of the second?
Update: Description of Corcoran’s Politics from the ThinkProgress post.
Corcoran calls himself “an anarcho-capitalist” and while his blog has been taken down, based on his Twitter page, he appears to hold views similar to those of many in the anti-government libertarian wing of the conservative movement, like many tea party activists. Anarcho-capitalism is a radical subset of libertarianism, and is often referred to as “libertarian-anarchy.” For example, echoing calls from many on the right, Corcoran tweeted, “it is unconstitutional for the Feds to even run a department of education.”
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Posted: January 20, 2011 | Author: bostonboomer | Filed under: U.S. Economy, U.S. Politics | Tags: Christian fundamentalists, financial regulation, Goldman Sachs, Governor of Alabama, health care reform bill, Jerad Loughner, Robert Bentley, snow, Tucson shooting, U.S. Economy, U.S. Politics, weather |

Good Morning!! Let’s see what’s going on out there in the world.
A federal grand jury has indicted Tucson shooter Jerad Loughner.
Jared Loughner was indicted by a federal grand jury Wednesday in Tucson on a three-count indictment for attempting to kill U.S. Rep. Gabrielle Giffords and two of her aides, Pamela Simon and Ron Barber. The announcement came from U.S. attorney Dennis K. Burke’s office.
Burke said, “This case also involves potential death-penalty charges, and Department rules require us to pursue a deliberate and thorough process. [Wednesday]’s charges are just the beginning of our legal action. We are working diligently to ensure that our investigation is thorough and that justice is done for the victims and their families.”
According to the indictment, Loughner, 22, attempted to assassinate Gabrielle Giffords, a member of Congress, and attempted to murder two federal employees, Ron Barber and Pamela Simon.
A conviction for attempted assassination of member of Congress carries a maximum penalty of life in prison, a $250,000 fine or both, according to Burke’s office.
That happened really quickly, didn’t it?
Have you heard there’s more snow coming for the Midwest and Northeast? Oh joy. Right now they are saying 3-5 inches for Boston. That’s not too bad, except for the fact that we already about about 2-1/2 feet piled up everywhere. Oh well… check the story to see what might be coming your way.
According to the Wall Street Journal, poor poor Goldman Sachs is hurting.
Goldman Sachs Group Inc.’s profit slide of 52% in the fourth quarter showed the securities giant’s size and swagger aren’t enough for it to escape the tightening squeeze of a regulatory overhaul and jittery clients and investors.
The New York company suffered its third quarterly profit decline in a row, hurt by lower revenue from its vaunted trading and investment-banking businesses. Fourth-quarter net income fell to $2.39 billion, or $3.79 a share, from $4.95 billion, or $8.20 a share, a year earlier.
Oh those nasty regulations! Is anything like that really happening? I’m confused. Oh wait. It’s not really regulations, it’s just the Wall Streeters’ fears of risk or something.
Like its rivals, Goldman is being hurt by the reluctance of many institutional investors, wealthy individuals, companies and other clients to take risks because they still are reeling from losses during the crisis. Hedge funds are weaning themselves from some of the leverage used to make big bets, and U.S. companies are holding more than $2 trillion in stagnant cash.
As a result, demand for the vast inventory of stocks, bonds and other investments that Goldman buys and sells on behalf of customers, generating commissions and other fees for the firm, fell in the latest quarter. Trading-related revenue shrank 31% to $3.64 billion from $5.25 billion in 2009’s fourth quarter.
Whatever… A bunch of rich people whining. Just what you wanted to hear about with your morning coffee, I’ll bet.
The Governor of Alabama doesn’t consider me among his brothers and sisters. Shock!
Alabama Republican Governor Robert Bentley said in a Martin Luther King Jr. Day message Monday that he does not consider Americans who do not accept Jesus Christ as their savior to be his brothers and sisters.
“There may be some people here today who do not have living within them the Holy Spirit,” Bentley said shortly after taking the oath of office, according to the Birmingham News. ”But if you have been adopted in God’s family like I have, and like you have if you’re a Christian and if you’re saved, and the Holy Spirit lives within you just like the Holy Spirit lives within me, then you know what that makes? It makes you and me brothers. And it makes you and me brother and sister.”
”Now I will have to say that, if we don’t have the same daddy, we’re not brothers and sisters,” he continued. “So anybody here today who has not accepted Jesus Christ as their savior, I’m telling you, you’re not my brother and you’re not my sister, and I want to be your brother.”
Awww… I’m really hurt.
Didja hear the new Republican House voted to repeal the useless Republican style health care non-reform bill?
The vote passed Wednesday 245-to-189 — with unanimous GOP support, plus three Democrats. But the repeal bill is destined to die in the Senate, so Republicans will use their newly acquired power in the House to wage a long-term campaign to weaken the law.
The next steps — hearings, testimony from administration officials, funding cuts — lack the punch of a straight repeal vote, but Republicans said they will keep at it, hoping the end result is the same: stalling implementation of the $900 billion law.
Republicans promise to hold a series of hearings and oversight investigations into the law, attempt to repeal individual provisions and craft an alternative health care plan. Some of the first issues they will tackle are the cost of the law, the mandate on larger employers to provide coverage and the impact of the legislation on the states.
But the GOP is expected to be thwarted at every turn by the Democratic-controlled Senate — and ultimately President Barack Obama, who has said he is willing to “improve” the law but “we can’t go backward.”
{HUGE YAWN}
At least while they’re fooling around with Obamacare, they’re not repealing Social Security….
Sooooo…. what are you reading this morning? Anything cheerful happening?
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