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DIJA up 200 points

November 4, 2010 Comments off

Dow Jones Industrial Average is up 200 points. Why? Republican fiscal policy and certainty promised. That is why.

The Dow Jones Industrial Average (DJIA) rocketed more than 200 points skyward earlier today, blowing past the 11,400 level to hit its highest point since Lehman Brothers filed for bankruptcy on Sept. 15, 2008.

Of course the line in the lamestream media will be that Bernanke is responsible… Essentially this;

The blue chip barometer continues to draw strength from the Fed’s second round of quantitative easing, or QE2, in which the central bank has pledged to buy $600 billion in government bonds.

This is me, this is you, this is America!

November 2, 2010 Comments off

America will be no more under Obama

October 28, 2010 Comments off

Somali pirates need to be stopped!

October 18, 2010 Comments off

Voice of America News has an article about piracy hijacking and the statistical trends during the past five years. The main points are that attacks are increasing and their reach is exceeding that of traditional piracy routes we know of. In 203 hijackings either guns or knives were used and almost 800 hostages were taken. There have also been a rise in attacks within the South China Sea as well.

However Gulf of Aden attacks are down. A curious change but one that may correlate with the rise in South China Sea attacks. In other words, movement from traditional fronts of the Gulf of Aden, etc are moving to South China Sea, in  response to the setbacks by Philippines counter terrorism efforts, hammering against Abu Sayyaf “bearer of the sword”. The movements could coincide with reorganization of al shabab an al qaeda affiliate in Somalia.

Al shabab is a powerful force in Somalia that facilitates a safe haven for piracy. In 1969 a military coup led by Major General Muhammad Siad Barre initiated a socialist state that lasted until 1991. Northern clans established relatively stable rule, while the South turned into violent clashes by clans vying for power. Thousands of civilians were killed prompting the useless UN presence of which led to the tragic 1993 Battle of Mogadishu in which there was US fatalities. Transitional Federal Institutions since 2004 were in exile because of the threat of assassinations. All of this enables global Islamic terrorist organizations to supplant themselves and exorcise power as al shabab has done through Shariah law.

There is a counter insurgency grassroots movement called The Alliance of several warlords willing to attempt peace and stability. They fight back the violence of al shabab with some African Union help.

Rossi vs Murray second debate

October 17, 2010 Comments off

Here is the second debate breakdown of Dino Rossi and Patty Murray for a seat in the Senate representing Washington, for October 17, 2010. The debate format was ridiculous and seemed like more news programming at times. It was laughable of the local news, channel 4 KOMO News. It was unprofessional to me and tired. Let the candidates speak I say, don’t waste my time with your slick little presentations of their ads, etc!

Dino Rossi and Patty Murray basically repeat the usual lines from the last debate. Same topics as well for the most part and rather boring. Patty Murray dodged a bit, Rossi got a few digs in during Social Security, but there was a lack of specifics overall. The winner? They both lost, because they both don’t seem to have specifics or want to elaborate on anything. Although on don’t ask don’t tell, Murray said she would vote for the repeal of that EVEN though it would have an adverse effect. Murray, a BIG mistake on that one.

Opening Remarks

Rossi: America in trouble. Course correction needed. Government overreach. Talked about family. Dino Rossi a bit more dynamic.

Murray: Says families struggling, she will be advocate. State is family and is working for investments.

If elected what will you do

Murray: Work to be peoples voice. Talks to community leaders for investments. Talked about Kent Valley damn example. Hanford mentioned again. Jobs are focus, don’t forget veterans. Responsible balancing of federal budget.

Rossi: Fiscal cliff. Hits China, I like! Stop reckless spending. He balanced biggest budget in state history with Democrat majority as example. 17.4% functional unemployment highlighted. Let small business be successful.

Murray rebut: Make sure families have investments by her presence in Senate. Work with small businesses. Tax cuts for middle income families.

Rossi rebut: Re-authorize 2001-2003 tax cuts including those that hurt small businesses. Rossi misspoke big time, Murray knew it.

How to get out of economic mess

Rossi: Looking in eyes of men that are unemployed. Create an atmosphere friendly to certainty for businesses. Re-authorize tax cuts. Give bussinesses oppurtunity to plan. Modest taxation, reliable regulation, let em chase the American dream.

Murray: Families know people unemployed and struggling. Works hard to talk to community leaders. South Park bridge, Murray bringing money to that community. Says Rossi won’t fight for you in that way. Says no credit available.

Rossi rebut: Federal government only creates temporary jobs, takes away from private sector. Stimulus jobs costs 320,000 dollars for each one. Talking about what works for a long-time, unemployment high so stimulus failed.

Murray: Goes to work sites. Rossi will fire private sector employees.

Federal deficit – where to cut and be specific

Murray: Cut 14 billion from President’s budget. Freeze her own pay, no new buildings for secretary of hud. Claims Rossi wants to follow Bush economic agenda. Can make tough cuts, can’t promise tax cuts to wealthy.

Rossi: Earmarks. Murray changed over 18 years. Murray did not cut budget and number 9 in earmarks which now contribute to her. Hitting her with examples left and right. Ban earmarks until budget balanced.

Murray rebut: Didn’t hear balanced budget, when he did say it.

Rossi rebut: Second coming of Ronald Regan, but she isn’t. Already has earmarks for next year. Does one thing in DC does another at home.

Health care

Same responses. Rossi came off a bit better.

Immigration – what to do with children born and raised

Rossi: Secure the border first, cannot entertain anything else.

Murray: Northern border highlighted.

Rossi rebut: Open to ideas for what to do with people born here.

blah, blah, blah

Bernanke wants more action!

October 16, 2010 Comments off

Reuters recently released an article detailing what was said by the Federal Reserve Chairman Ben Bernanke during his talks at the Financial Stability Oversight Council. What the article doesn’t tell you is that these meetings and this oversight council, were happening and created respectively for the H.R.4173 – Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill was passed in the House of Representatives in 2009 and was effectively signed into law July 21, 2010. The Financial Stability Oversight Council (FSOC) also studies and reports on the effects of the regulations by the Consumer Financial Protection Agency (CFPA).

Bernanke warned a prolonged period of high unemployment could choke off the U.S. recovery and that the low level of inflation presented an uncomfortable risk of deflation, a dangerous downward slide in prices.

“There would appear — all else being equal — to be a case for further action,” Bernanke said at a conference sponsored by the Boston Federal Reserve Bank.

With overnight interest rates already close to zero, many economists expect the Fed to launch a fresh round of bond purchases, perhaps on the order of $500 billion, to push borrowing costs lower at its next policy meeting on November 2-3.

Prices for longer-dated U.S. government debt fell after Bernanke’s remarks as investors bet the Fed would be successful in generating more inflation. Stocks were mixed while the dollar briefly hit an eight-month low against the euro.

Rossi vs Murray Debate

October 14, 2010 Comments off

Here is a run-down for those who didn’t see it. Dino Rossi and Patty Murray debate October 14, 2010. I have below accumulated the debates finer points. Overall I think Rossi won, but not by much, both need a more dynamic attitude.

Opening Remarks

Dino Rossi: Need course correction, America in trouble. Very gracious.

Patty Murray: My family is hurting, I can get country back on track. We can work together.

Iraq

Dino Rossi: Gives context of pre 9/11, and defines nature of evil somewhat. Agrees with Obama on Patreus, but not on date certain for withdraw of troops. Give military what they need.

Patty Murray: I saw Pentagon. Republicans and Democrats came together. Have been in Afghanistan for to long, tell America how we are fighting. Karzai not good partner. Ummm, the question was about Iraq specifically, Murray goes into Afghanistan.

Rossi rebut: Karzai and Taliban meeting highlighted. Cautiously optimistic on it.

Murray rebut: Says Rossi supports supporting tax cuts for wealthy, says troops deserve more. How are we paying for the wars.

Jobs for Washington

Murray: Important question. Fights for investments, about campuses and health care. Went to Washington DC for investment. Says they are targeted investments.

Rossi: 17.4% unemployment in Washington. Rossi is small business. Says people won’t expand businesses because of climate government created. Murray adjourns before tax cuts were dealt with. More spending for jobs with Murray.

Murray rebut: Repeat.

Rossi rebut: Stability needed, Murray doesn’t get it. Don’t punish success with high tax rates.

Nuclear waste clean-up and federal budget

Rossi: Cuts to federal budget needed. Worked to balance budget without raising taxes, and dissected budget. End stimulus, 275 billion. Reducing federal employment to pre-Obama levels.

Murray: Talks about moral and legal obligation about Hanford waste. Part of our defense. 3,000 people employed stimulus cleaning Hanford.

Rossi rebut:  Obama to shut down Yukka mountain. Murray silent on Yukka.

Murray rebut:  Priority of Hanford, she takes it on.

Social Security

Murray: Important programs for seniors and disabled. Never privatize Social Security. Obamacare good for Medicare cause of fraud. Within the budget. No specifics just general values.

Rossi: Social Security as piggy bank by Democrats. Threat is debt that Murray helped build up. Can’t pay back. Murray raised taxes on Social Security. Murray is double-speaking. Murray cut medicare by 500 billion.

Murray rebut: Extend Bush tax cuts is bad.

Rossi rebut: Murray raised taxes on SS. Murray reduce spending on Medicare by 500 billion, will impact seniors.

Obamacare – Republicans repeal, Democrat reading bill

Rossi: 695 dollar fine if you don’t buy Obamacare, 500 billion cut to Medicare. Boeing 150 million having to pay, many jobs not created because of it. Let people be customer, won’t add to debet, etc.

Murray: Murray read it and wrote some of it. Families struggling, deserve to choose plan and doctor. Control costs increase access. Talks about stack of papers yet releases a bill that is stacks of paper… Irony much?

Rossi rebut: Sold a plan to reduce cost and increase access, businesses are paying more. Can’t keep health care, Murray voted against that specifically. Double-speak Murray.

Murray rebut: Heard talking points. Kids and seniors are cared for, so Rossi is bad.

Don’t ask don’t tell repeal

Rossi: Its working. Waiting on report and commanders, military has to say first. He will listen.

Murray: Sponsor of repeal. Talks to military vets who say they support who wants to serve in military.

College tuition

Murray: She knows how people feel. Family worked hard. Student loans, Murray voted against bank involvement. Federal government responsibility for everybody to go to college.

Rossi: Youngest of 7, raised on public teacher salary. He worked hard. Grants and student loans he supports. Make sure loans are available more generally.

Murray rebut: Will Rossi agree with Murray about banks not being involved. Money go to students.

Rossi rebut: Students need more options. Limited options because of government

Amnesty to illegals

Rossi: Big issue. Complete federal government failure. No amnesty. Control of borders, tall fence with high gate, physical barrier. Know who is here to chase American dream and worker programs.

Murray:  Comprehensive immigration reform. Talked to farmers, clear laws needed. Protect borders, south and north. Make sure kids have place to work. Pathway to citizenship, fine, learning English.

Rossi rebut: Murray approves of amnesty. Secure border.

Murray rebut: Rossi forgot he voted for amnesty form. Comprehensive immigration reform needed, farmers need security and border.

Mudslinging in advertisements what do they approve of each other

Murray: Applaud Rossi by getting into race. Rossi heart and passion. Supreme Court decision worries her.

Rossi: Murray does good work with veterans. His ad was the truth.

Partisan gap bridging

Rossi: Hallmark of what he did as State Senator. Democrats controlled, Locke was governor. Put together blanced budget that was bi-partisan. Murray working with majority, her suport of partisan bills.

Murray: Washington comes first. Bush tried to close vet hospitals, she fought for them. Obama went against vet health care, she went after him. Hanford, she takes on both Republicans and Democrats. Will work with anyone apparently.