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« MUST SEE VIDEO: Vote Them All Out! - Angry Bob Completely Loses It, Has Myocardial Infarction | Main | Obama: Is He Keynesian Or Kenyan? - We Are Doomed! »
Tuesday
Nov022010

"As Soon As They Get Here, We Need To Co-Opt Them"

Trent Lott resides approximately 3 nano-blips above Tom & Jerry in the paradigm of functional intelligence.

Haven't you heard,  neither party cares about real spending cuts...

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The Grand Old Plot Against the Tea Party - NYT Frank Rich

Trent Lott, the former Senate leader and current top-dog lobbyist, gave away the game in July. “We don’t need a lot of Jim DeMint disciples,” he said, referring to the South Carolina senator who is the Tea Party’s Capitol Hill patron saint. “As soon as they get here, we need to co-opt them.”

What the Tea Party ostensibly wants most — less government spending and smaller federal deficits — is not remotely happening on the country club G.O.P.’s watch.  The elites have no serious plans to cut anything except taxes and regulation of their favored industries.  The party’s principal 2010 campaign document, its “Pledge to America,” doesn’t vow to cut even earmarks — which barely amount to a rounding error in the federal budget anyway.  Boehner has also proposed a return to pre-crash 2008 levels in “nonsecurity” discretionary spending — another mere bagatelle ($105 billion) next to the current $1.3 trillion deficit.  And that won’t be happening either, once the actual cuts in departments like Education, Transportation and Interior are specified to their constituencies.

Continue reading...

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You know my thoughts already.  At their core, both parties are controlled by the non-partisan Washington Spending Machine.  Shades of gray in a 3-decade spending orgy.  Not left, not right, not liberal, not conservative.  Just folks that we've elected to take and spend our money.  And they won't stop - for proof see here, here and here.

Word games and semantics are alive on Capitol Hill, meanwhile our nation is choking on debt as we focus on becoming Greece as quickly and seamlessly as possible.  Until Republicans have the political courage to propose a deficit solution involving deep spending cuts to entitlements and the Pentagon War Machine, they will remain equally at fault with Democrats for our fiscal ruin. 

And don't kid yourselves, annual $1.5 trillion deficits will ruin this nation.  Wait until Treasury yields spike as Greenspan warned last week, and the cost of servicing $14 trillion in federal debt skyrockets.  By that point it will be too late as interest on the debt will be the majority of the discretionary spending pie.

David Stockman got it right:

  • We are not in a conventional business cycle recovery, so stimulus is futile and just adds needlessly to the $9 trillion of Treasury paper already floating dangerously around world financial markets.  Instead, after 40 years of profligate accumulation of public and private debt, and reckless money-printing by the Fed, we had an economic crash landing, which left us with an enduring structural breakdown, not just a cyclical downturn.
  • The only solution is a long period of debt deflation, downsizing and economic rehabilitation, including a sustained downshift in consumption and corresponding rise in national savings.

 

Even Glenn Becks gets it:

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Reader Comments (13)

Glenn Beck?????, DB, you are now watching Beck. Oh brother, what's next.
Nov 2, 2010 at 1:52 AM | Unregistered CommenterZ
z...the glenn beck clip is 6 months old....
Nov 2, 2010 at 1:53 AM | Registered CommenterDailyBail
but it's absolute truth...
Nov 2, 2010 at 1:53 AM | Registered CommenterDailyBail
Don't worry, as soon as Congress turns over,the debt of our nation will disapear, spending will be cut in half, the size of government will be cut in half, Social Security will be saved, pork barrel politics will end, partisan bickering will end, the infrastructure will be repaired, and government medical care will go away, and Congressional retirements will be sacrificed to the cause of "saving America" (it is the least they can do for destroying ours).

Of course more jobs will continue to leave America, just as they are now, retirement age will be 70, we will continue to lose soveignity, agricultural land will continue to be gobbled up by foreigners, and a every generation from this point on will live out their retirements in poverty...


There is no truth but Gobie, and Steve Sailer (extreme sarcasm).
Nov 2, 2010 at 2:09 AM | Unregistered CommenterS. Gompers
Some days I just feel hopeless.

I'm not voting today because there is no one to vote for and no way to verify I bothered at all.

I will register to vote when a "viable" candidate adopts a simple platform:
1. Arrest all banking "officers" on charges of genocide.
2. Arrest all returning congress critters for aiding and abetting genocide.
3. Outlaw the Federal Reserve Act.

We've got two years to get the word out and the word really is GENOCIDE. Worldwide Holocaust.

Whatever replaces the FED should be carefully considered by all. I vote for Mathematically Perfected Economy.
Nov 2, 2010 at 12:05 PM | Unregistered Commenterusurykills
So that's good news then, right?
Nov 2, 2010 at 5:11 PM | Unregistered CommenterZ
A Very Funny but Gloomy First 12 Minutes with Max Keiser & Stacy Herbert…
http://www.youtube.com/watch?v=19Z1-JHVmhA

Obama, the weakest President in the past fifty years. Max
Nov 2, 2010 at 6:06 PM | Unregistered CommenterZ
The good thing about todays election is how many are turning out to vote, and how many independents actually ran, both a sign of people waking up to reality.

In Ohio;

http://www.uselections.com/oh/oh.htm

With one odd one for governor;

http://www.seanswain.org/

Looks like the NRA F rated ex Lehman Brothers and former Congressman candidate will likely become Governor, Ohio pensions thank you, as well as investors nation wide.

Cordray's battle against the banks is about to end, as The NRA F rated bankers choice candidate and ex Congressman will likely be taking over as AG.

http://aba.capwiz.com/election/candidate/id/170189

Driehaus will likely be replaced by the ping pong candidate he replaced a couple of years ago.

Rob Portman NRA A rated outdoorsman and Congressman will likely become Senator.


Votes are still being counted...
Nov 2, 2010 at 10:59 PM | Unregistered CommenterS. Gompers
The Washington spending (or debt) machine is merely a subordinate creature of the GLOBAL debt machine.
I just watched The Secret of OZ again. Not sure if it's posted here yet, but it's a good one.

http://letthemfail.us/archives/6400

Sometimes you watch a documentary like that and you realize that you forgot more about the outrage than most people will ever know. The correspondence between the commercial banks of that era and the ABA is disgusting, and morally reprehensible from a standpoint of social responsibility.

If they index our loan principles to Bernanke's coming inflation, like they did in Iceland, the fuckers in DC should prey that torches and pitchforks are all they'll face. They may only be Patsy's, but they signed up to be the face of the faceless.

We are headed toward a world where the institutions you trusted to protect you are going to betray you, and the people you trusted to look after your best interests are going to cut your throat and watch you bleed as they literally steal the last dime out of your pocket, pry the gold out of your mouth, and move on to the next one.

When that world arrives, the only question will be: Did you kneel down for the axe or did you give them a black eye?

Letthemfail remains pissed. Rubio BETTER not turn out to be another Scott "State Street" Brown. We knew Khavari never stood a chance, but Rick Scott? That's not even the lesser of two evils. Harry Reid still in? Vegas mob union ties must have gotten a big payday promise. barney Frank? I wonder who he blew?

Panem et circenses ... panem et circenses.
Nov 3, 2010 at 1:34 PM | Unregistered CommenterWil Martindale
"...and you realize that you forgot more about the outrage than most people will ever know."

Isn't that the truth. Covering the bailouts, just when you think things couldn't get any more strange, crooked or f***ed up, they inevitably, ineluctably, do. The ONLY reason more people aren't as angry as people like Wil is that they just don't know. They just don't know.
Nov 3, 2010 at 2:02 PM | Registered CommenterDr. Pitchfork
@12:05, usury kills

excellent idea, I didn't know anyone else had seen the people for mathematically perfected economy

http://www.perfecteconomy.com/
Nov 6, 2010 at 12:02 AM | Unregistered Commentersam
Rubio BETTER not turn out to be another Scott "State Street" Brown.

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I will be watching closely...i like rubio quite a bit...for now...he says the right things...we'll see how he votes...
Nov 6, 2010 at 5:20 PM | Registered CommenterDailyBail
Dam Gomp, you drinkin outa the same "Jug" im drinking outa.......but then we still need to wake up tommrow morning, Ha?

They just don't know......yr so right Doc. So many people were led to slatuter this time, they dident know any better that they voted wrong. We cant blame them for that.

The TV Adds were so down right dirty, Chacago....shit Dar cant spell tonight, or any night, right "z"..........would be proud of the Down & Dirty, this year.

Someone said tonight on one of these pages, I dident vote becouse I dont know who to vote for. The adds were soooooooooooo, miss-leadding. I feel the same.

Cant wait till 2012, to see all the turds floatting in the toilet on TV then ?
Nov 6, 2010 at 9:16 PM | Unregistered CommenterTexas Dar

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