In the last 12 months the US Chamber of Commerce shelled out $51,955,000 smackeroos to key members of Congress with the National Association of Realtor’s coming in second with a paltry (snark) $25,943,435. In total for 2013, 20 different industries have handed over a whopping $441,501,321 in 2013 alone! [Read more…]
July 29, 2011
By Paul Craig Roberts
With the world concerned about US financial credibility and the poor outlook for the US economy, now is not the time for the Republicans to grandstand on the public debt. The debt ceiling needed to be quietly raised. Instead, the Republicans started a fire and then threw gasoline on it, creating an inferno that could burn up the US social safety net or the US Treasury’s credit rating and the US dollar’s role as reserve currency or what remains of the separation of powers.
Consequently, world financial markets, currency markets, commodity markets, central banks, and mutual fund money market and bond funds are on pins and needles.
This level of irresponsibility is seldom seen even from American politicians. [Read more…]
UPDATES are provided below about this ongoing farce or kabuki theater both the D and R and TP’s are playing out in DC as though they are actors in this drama and we are the viewers.
This man Carney is a master at avoiding questions. Talk about yakking in circles. It’s enough to make any sane person’s head spin.
By showing such blatant obfuscation he shows his hand – the White House doesn’t have a budget plan! They apparently have numbers on pieces of paper that were never handed out to the White House press corp nor to anyone else for all that matters. What kind of charade are these punks playing here?
Watch this clown. He’s getting paid a ton of dough by you, the taxpayer, telling you not a damned thing!
Here is what Zerohedge is saying about this clip – [Read more…]
For details click HERE
By Paul Craig Roberts
March 10, 2011
The American Empire is failing. A number of its puppet rulers are being overthrown by popular protests, and the almighty dollar will not even buy one Swiss franc, one Canadian dollar, or one Australian dollar. Despite the sovereign debt problem that threatens EU members Greece, Ireland, Spain, and Portugal, it requires $1.38 dollars to buy one euro, a new currency that was issued at parity with the US dollar.
The US dollar’s value is likely to fall further in terms of other currencies, because nothing is being done about the US budget and trade deficits. Obama’s budget, if passed, doesn’t reduce the deficit over the next 10 years by enough to cover the projected deficit in the FY 2012 budget.
Indeed, the deficits are likely to be substantially larger than forecast. The military/security complex, about which President Eisenhower warned Americans a half century ago, is more powerful than ever and shows no inclination to halt the wars for US hegemony. [Read more…]