What Happened To The $2.6T Social Security Trust Fund?, China Gets Nervous About U.S. AAA, Deficit Hits $1T For 2011, Issa Bought Goldman Bonds Then Pressured SEC To Stop Prosecution, Moody's Hints At Muni Downgrade (Links)
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Stewart questions whether Obama tapped GE head Jeff Immelt to be his Chairperson of the Council on Jobs and Competitiveness as a corporate demonstration on how to layoff American workers and escape paying taxes.
Video - Woz's $2 Bill Note Pads - The Engadget Show
Woz discusses his bit of creative currency manipulation, and swears that his custom $2 bills can get you "arrested, but not convicted, and that they have been approved by the Secret Service on 3 different occasions."
Anyone have any idea how this is possible and not considered counterfeiting? He claims he has been spending them for 20 years in his hometown of Los Gatos, California.
Fifty years ago, the four most valuable U.S. companies employed an average of 430,000 people with an average market cap of $180 billion. This year, the four largest U.S. companies employ an average 120,000 people with an average market cap of $334 billion. The titans of 2011 have twice the the value of their 1964 counterparts with a quarter of the employees.
Chart is inside.
Just watch the last 3 minutes.
Unless you work for Goldman, you'll be pleased by what you hear.
Cop: "I can do whatever the hell I want."
Mittens Muttney is lucky he wasn't mugged at his Tampa campaign stop.
Arizona Rep. Carl Seel was supposed to propose an amendment to hold lenders accountable in foreclosure situations, but at the last minute he didn't. At the same time the principal on his mortgage was reduced by more than 50 percent. Coincidence? You decide.
Links from around the web:
Video - Obankster on jobs and the failed stimulus from yesterday's press conference
The stimulus was a resounding joke, supporting politically important states at the expense of everyone else, and expanding the deficit. $800 billion that accomplished nothing outside of burying your children under an even greater debt burden. Allow me to repeat, we borrow 43 cents of every dollar Washington spends. 43 cents and nothing to show for it.
From the archives:
Transcript is inside.
Just 4 weeks ago, the Deficit President admitted the stimulus had failed.