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The Hive – Please Talk Among Yourselves

Here is our usual weekend discussion thread, where comments on the general topics of the day are welcome.

But please remember to post and comment on specific news items in the ‘News Selected By Our Correspondents’  found in the sidebar.

Thanks!

This article was posted by Steve Gilbert on Friday, September 30th, 2011. Comments are currently closed.

11 Responses to “The Hive – Please Talk Among Yourselves”

  1. David

    I listened to an interview today with Admiral Mike Mullen, who by the way, strikes me as very liberal. But that aside, one of the things he brought up regarding the end of DADT was that DOMA still complicates things. Question:
    1. Under DOMA, if a military chaplain marries a couple in Massachusetts are they married when they get transferred to Texas?
    2. Is it just me or was the repeal of DADT more about providing the libs with a better weapon against DOMA by making it seem like they just want to make it fair for “those in uniform”?

    • Mithrandir

      There is the FACE of the agenda, and then there is the REAL agenda behind it….and Democrats can’t win local dog-catcher if they tell you the real agenda.

      DADT: (Face) Respecting those who serve. (Real) The gay vote + more donated money….added bonus, American values are ripped to shreds.

      Gay Marriage: (Face) Love makes a family. (Real) Gay votes. Anal sex does not make a family, and gay voters are part of the Democrat family. *What ever happened to diversity? Where is the gender diversity in a gay marriage? What about the children?!

      Anti-Christianity: (Face) The Bible is about love. (Real) We hate you people giving us moral advice, and don’t want to hear about the ‘sin-parts’ of the Bible, so SHUT-UP!

      GREEN JOBS: (Face) Protecting the environment. (Real) Payoffs to party donors.

      National Health Care: (Face) Health security and it’s all free free FREE! (Real) Not really free. Gov’t controls your life & death, treatment and transplants will be race-based and party-based.

      Global Warming: (Face) Saving the planet. (Real) Government control of your life.

      Welfare: (Face) Compassion, and a helping hand to those in need. (Real) Permanent control of the people, and exchange votes for continued welfare payments.

      Sonia Sotomayor: (Face) “Historic” first Hispanic woman on Supreme Court. (Real) Another communist on the Supreme Court.

      Elena Kagan: (Face) “Historic” 3 women on the Supreme Court. (Real) –wink-wink, 1st probable lesbian communist on the Supreme Court.

      Barack Obama: (Face) “Historic” 1st black man as President. (Real) Another communist as President.

      Teachers: (Face) We care about education and kids. (Real) We need many union jobs to pay union dues to donate to Democrat candidates.

      School Vouchers: (Face) Children won’t get high quality education, only the best student will qualify! (Real) We need many union jobs to pay union dues to donate to Democrat candidates. –and as a union boss said, “When children start paying union dues, then we will start representing the interests of children.”

      School Lunch Programs: (Face) What about the children?! (Real) Kick-backs to minority voters, as they are the only people who qualify for such programs. *Also schools receive more federal funding if the % of minority students is high enough….wink-wink you WANT these lunch programs.

      Deficit Spending: (Face) We need to invest in America. (Real) We just raised your taxes 2 trillion dollars b/c we don’t have the guts to cut anything.

      Affirmative Action: (Face) Leveling the playing field for those historically discriminated against. (Real) Legal government-approved racism against whites.

      Political Correctness: (Face) Making speech less offensive. (Real) Mind and thought control. If they beat you over the head about it, eventually, you will control your thoughts and voice, to their liking.

      ~Once you realize the Democrats use some form of an innocent shield so they can hide behind their unpopular agenda, you will stop believing a word these people say—-ever.

  2. Petronius

    September economic report :

    • Revolution and the threat of taxation and confiscation drive money underground or overseas. Capital will move to wherever it is safe, welcomed, and rewarded.

    • Charles R. Schwab, 28 Sep : “The simple fact is that every business in America was started by an entrepreneur, whether it is Ford Motor Co., Google or your local dry cleaner. Every single job that entrepreneur creates requires an investment. And at its core, investing requires confidence that despite the risks, despite the hard work that will certainly ensue, the basic rules of the game are clear and stable. Today’s uncertainty on these issues — stemming from a barrage of new complex regulations and legislation — is a roadblock to investment. We have to clear that uncertainty away.” http://online.wsj.com/article/.....54692.html

    • As the regime clamps down hard with its radical policies, business and capital move to the sidelines.

    • If we are ever to regain our former prosperity, venture capital must be lured back again. Much time will be needed for the restoration of economic freedom and business confidence. Capital can only be tempted by a good investment, reasonable and predictable laws, sound money, and stable conditions.

    • But for the present, as the Obama Revolution proceeds apace, American companies continue to sit on their money, or to transfer capital, operations, and jobs to foreign countries.

    • Iconic American brands under attack by the regime during September included Boeing, Gibson Guitar, Wells Fargo, Bank of America, AT&T, Standard & Poor, and Ford.

    • Democrat Senator Carl Levin announced plans to investigate ten multinational corporations with money parked overseas. Although Levin did not identify his targets, they are believed to include Pfizer, Johnson & Johnson, Merck, Bristol-Myers Squibb, Eli Lilly, IBM, and Hewlett-Packard, among others.

    • Muhtar Kent, CEO of Coca-Cola, said China and Brazil are more business friendly than the USA. Coke will be investing $3 billion in Russia. Kent said US tax burdens are hurting American businesses. Add Coke to Levin’s list.

    • The president of the pharmaceuticals trade association said Nerobama’s proposal to reduce patent protection from 12 to 7 years would “cripple” R&D for new medicines and medical devices. The measure is precisely the opposite of what is needed.

    • The US economic outlook has gone from bad to worse as Americans brace for the next blow.

    • Median household income in 2010 ($49,445) actually regressed, down 2.3% from 2009 and down 7% from 2000.

    • Stocks are bearish, the Eurozone is in trouble, we have massive public debt and trillion dollar deficits, banks are under stress, jobs and manufacturing are disappearing, housing is worse than ever, and social unrest is widespread as riots and protests happen in cities around the world.

    • The week of 19-23 Sep was the worst week for investors since the 2008 meltdown. The DJIA lost almost 1000 points on the week.

    • Commodities also took a breather in September. The metals corrected: gold has lost 16% from its peak, and silver dropped 26%, oil fell to $80 bbl and copper to $3.24.

    • Muffins hit a record high at $16 each.

    • As a result of the drought, the price of Texas hay soared, from $20 to $175 a bale.

    • There are signs of slowing growth in China, Europe, and the USA.

    • China markets (Shanghai Composite) have been falling, suggesting onset of recession there.

    • The German stock market –– the strongest in Europe –– has dropped over 20% this year.

    • Since the stock markets are a leading indicator, this latest downturn in global markets does not bode well for the economic future.

    • Copper, base metals, and oil are all falling, pointing to a global recession.

    • There is very little good economic news. Prices of petroleum products are coming down, but that is simply an indicator of slowing global economic activity.

    • The US dollar is strengthening, but it is moving higher in defiance of both the underlying fundamentals and its long-term trend.

    • The 10-year Treasury yield set a record low this month at 1.8% while the 30-year rate dropped to 2.85%. Rates closed out the month around 2.00% and 3.05%, respectively.

    • The global economy is at increased risk of financial or fiscal crises as the result of vast monetary and fiscal imbalances, whether from Europe or the US.

    • S&P downgraded Italy’s debt.

    • World Bank president Zoellick warned the United States and Europe to address their big economic issues before they become bigger, advising that to do so requires courage, but not to do so would be irresponsible.

    • The markets, banks, and financials were stung by the Fed’s 21 Sep “twist” that lowered long-term rates and by the Fed’s comment of “significant downside risk” in the economy.

    • Bad economic policies from Washington actually accelerated this month as Nerobama doubled down on his soak-the-rich tax proposals and boots-on-the-neck regulatory programs.

    • The US economy is at a standstill. Are we entering a double-dip recession? Or has it been just one long depression? Or is it now stagflation? Will it be a soft patch or a hard landing? Or an era of slow-slow growth?

    • Call it what you will, the risk of a downturn has grown significantly. Several segments of the US economy never emerged from recession –– housing, construction, retail banking, autos, aerospace-defense, and small business are all worse off now than 3 years before.

    • As for the rest of the economy, it hasn’t recovered … it just hasn’t grown that much worse.

    • Barclays Capital and Wells Fargo both trimmed their earnings forecasts for the S&P 500 for 2011 and 2012.

    • The IMF lowered its global and US growth forecasts for 2011 and 2012.

    • People are losing faith in the ability of governments to solve problems.

    • Except, that is, the people in the White House. The White House still sees the government as a weapon to smack down the private sector.

    • But outside of the Washington Beltway there are millions of Americans who are permanently scarred by long-term unemployment.

    • Unemployment among young adults ages 16-29 is 45%, the highest level since WWII. Among teens unemployment is over 70%.

    • In the past year, 43 of the 50 largest US metro areas have lost jobs, led by Charlotte, Jacksonville, Las Vegas, Phoenix, Los Angeles, and Detroit –– the cities worst hit by housing, banking, and manufacturing losses.

    • The poverty rate climbed to 15.1% in 2010 from 14.3% in 2009. That translates to 46.2 million people or nearly one in every six Americans and a 17-year high.

    • Hispanics now comprise 37% of children living in poverty. Yet immigration continues unabated.

    • The President’s new jobs plan involves nearly $500 billion in stimulus spending for labor unions and $1.5 trillion in permanent tax increases for “the rich.” The proposed taxes are aimed at the aviation industry, oil companies, State and local governments, and “the rich” (i.e., all earners over $200,000 or $250,000 per family) who would lose their itemized deductions and Medicare benefits. The proposed loss of deductions would adversely impact housing, charities and churches, and State governments. Higher taxes would also be levied on capital (investment income).

    • It becomes increasingly clear to even the dullest mind that a continuation of the current regime’s policies will push America into an economic death spiral.

    • Jobless claims increased in Sep.

    • Inflation went up.

    • The Philly manufacturing index and the New York Fed manufacturing index both showed further contraction in Sep.

    • The WSJ reported there are still 4 to 5 years of unsold housing inventory, with more foreclosures in the pipeline.

    • Stock markets are full of fear and uncertainty. The fear index (VIX) started rising in late July and has been moving up ever since.

    • Day after day the stock markets exhibited wild swings, characteristic of bear markets. The DJIA often swung 300 points from one day to the next, and made 500 point swings even in intraday trading.

    • The August market swings set records — for the first time in history the DJIA moved more than 400 points on four consecutive days.

    • The first few days of September showed stocks down more than for any past September in stock market history.

    • There were 77 declining stocks for every one that rose –– something that has not been seen since the Great Depression.

    • By 30 Sep the stock market had lost 12% for the third quarter, the biggest loss since 2008.

    • The lost decade : Zero jobs have been created in the past ten years –– and this was a period of mass immigration. The average wage has remained the same, about $16 per hour. The stock market has declined slightly. Houses have declined a lot. Unemployment however has gone up. And so has debt. The Federal debt has increased from 57% of GDP to nearly 100% today. Oil is up. Gold has increased over 700%. And presidential speeches have climbed about 1000%.

    • The bond, currency, and commodities markets have been playing safe-haven musical chairs, with gold as the usual winner.

    • Gold is up 26% over the last twelve months despite the recent correction. It is being supported by geopolitical risk, fear and uncertainty, the US and Eurozone public debt, negative real interest rates, Chinese and Indian demand, and central bank buying.

    • 20 Sep. At the annual Denver Gold Forum, the CEO of Newmont Mining forecast a gold price of $2300 next year. The CEO of Anglogold Ashanti forecast $2200.

    • The CEO of Silver Wheaton said he expected silver prices to hit $50 within six months.

    • Foreign central banks have been buying gold –– China, India, Venezuela, Bolivia, Mexico, Russia, Thailand, and South Korea are big buyers.

    • WikiLeaks disclosed that China has been accumulating gold reserves in order to destroy the US dollar’s role as the world’s reserve currency. Large gold reserves are also useful in promoting the international stature of the RMB.

    • So far this year governments have tripled their gold buying over 2010 levels.

    • The flight of money into the Swiss franc became so heavy that the Swiss government intervened to stop the appreciation of the franc. On 6 Sep the Swiss National Bank announced it was placing a floor under the euro exchange rate, and was willing to buy foreign currency to maintain it. The franc suddenly fell 9% against all major currencies.

    • The Norwegian krone jumped as investors sought a new safe haven currency. The US dollar also strengthened to a five-months high.

    • Bonds have benefitted from the flight to safety. Interest rates plunged in September as bond prices rose.

    • Despite the US credit downgrade and poor fundamentals, safe haven demand remains strong for US Treasuries –– they are one of the least dirty shirts in the laundry bag.

    • The Stupid Prize (First Place) goes to (ta-ta, te-da!) the Federal Housing Finance Agency. In a move that is sure to further dampen the economy, the FHFA filed a lawsuit against 17 of the world’s biggest banks on grounds that they sold risky subprime mortgages to Fannie Mae and Freddie Mac without disclosing the risks. Never mind that subprime mortgages have been a cornerstone of Democrat Party policy for over two decades. Never mind that Fannie Mae itself — not the banks — invented the subprime program while the Federal housing regulatory agency looked the other way. Never mind that these banks are barely emerging from the brink of bankruptcy bailed-out by TARP. Never mind that the result of this lawsuit will be to dampen lending by banks.

    • Following the announcement by FHFA, as European markets opened on 5 Sep, bank stocks fell across the board: RBS down 11%, Deutsche Bank down 10%, Societe Generale down 10%, Barclays down 6.6%, HSBC down 3.5%, Banco Santander down 6%, BNP Paribas down 7.5%. US banks being sued include Goldman Sachs, JPMorgan Chase, Bank of America, and Wells Fargo, all down as well.

    • The Stupid Prize (Runner-Up) goes to the Dept. of Labor for its investigation under the Fair Labor Standards Act against homebuilders. DOL is complaining that wages for construction workers are too low. Apparently somebody forgot to tell DOL that house builders are in a depression. During a depression people are unemployed and wages go down. The investigation was initiated at the urging of labor union bosses.

    • Congresswoman Maxine Waters called for spending at least $1 trillion on another government jobs program. Nothing like fixing a debt problem with more debt, is there Maxine?

    • The World Economic Forum downgraded the US to fifth place behind Switzerland, Singapore, Sweden, and Finland. The rankings are based on economic data and a survey of 15,000 business executives. The group cited America’s growing debt and declining public faith in political leaders. Germany was sixth, followed by the Netherlands, Denmark, Japan, and Britain. China ranked 26th.

    • 8 Sep. 500 ILWU longshoremen stormed a terminal at the port of Longview, WA, overpowered and imprisoned six security guards, damaged rail cars, and dumped grain. Policemen were assaulted by longshoremen armed with baseball bats and crowbars. There were no arrests.

    • A power blackout hit San Diego and western Arizona. Criminals broke into darkened homes.

    • 9 Sep. The VIX spiked on fears of a “Lehman moment” in Europe possibly triggered by a Greece default or major bank collapse. US stock markets dropped 3%.

    • 12 Sep. Bank of America will cut 40,000 employees.

    • 29 Sep. BOA announced $5 monthly charge for depositors using debit cards; the charge is to offset the loss of retailers’ fees resulting from the Durbin amendment.

    • Severe floods ruined farmland in many parts of the South and Midwest this year, while a crippling drought scorched crops across Texas and the South Plains.

    • In the last 25 years we have lost over 23 million acres of farm and ranch land to urban sprawl, an area roughly the size of Indiana.

    • There are five times as many farmers at age 65 and older as there are 35 and younger.

    • Farmers aged 55 and older own nearly 416 million acres of farm and ranch land –– land that will likely be sold for death taxes and change ownership in the next 20 years.

    • American farmland is becoming infested with “super weeds” that grow several inches a day and are resistant to Roundup. The super weeds choke out crops, reduce yields, and raise farmers’ costs.

    • World population grew from 6 billion in 1999 to 7 billion in 2011, adding a billion people every twelve years.

    • Hunger and the expanding food crisis will increase demands on America’s farms and farmland as the world’s population is expected to grow from 7 billion today to over 9 billion people by 2050.

    • Duke Energy announced it will close down its large Wabash River coal-fired power plant in Indiana due to stricter regulations being formulated by the EPA. Between 30,000-70,000 MW of production are expected to be shut down nationwide.

    • Northern Dynasty is seeking a buyer for its Alaska Pebble deposit, one of the world’s largest known gold and copper deposits. Problem is the buyer needs to have the stomach for a fight to the finish in a project opposed by environmentalists, scientists, aboriginals, and Hollywood wackos. The Alaska Pebble deposit is home to 100 aboriginals and tens of millions of salmon and holds about 55 billion pounds of copper and 67 million ounces of gold.

    • 28 Sep. German finance minister Wolfgang Schäuble rejected Nerobama’s critique of the Eurozone debt crisis, calling the American proposals “stupid.” http://www.telegraph.co.uk/fin.....-fund.html The German press called Nerobama “arrogant” and “absurd” and “pitiful and sad” and suggested that the US get its own financial house in order. http://www.spiegel.de/internat.....07,00.html

    • Rusty Shackleford

      So the national socialists have been very successful after all. And in three very short years. Even if the republicans win in 2012, the path to undoing the damage is long and arduous and will, no doubt, piss off both left and right. That’s by design. They know how to make a mess of things, and what’ worse, they like it. And they sincerely believe, as has been documented of late, that the general public will cry out for the “government to do something” in order to fix it.

      Once the people are convinced they are helpless, all the rest is just an academic exercise.

    • proreason

      An investor with nerves of steal might make a fortune if he committed to stocks in the next few months. If Republicans win in 2012, there will be a bull market unlike few that have ever been seen. If the election is leaning strongly against Obamy, the market will go up before the election.
      – Corporations have 2+ trillion in reserves
      – Dividends are high
      – Earnings are good
      – The change in the business climate will be instant and dramatic if the marxist is defeated. Even if he isn’t, Republicans are a virtual certainty to win both houses and be able to block the march over the cliff

      The risks are that the market could easily go lower, and that the marxists may try to cause an even more cataclysmic disaster than they caused in 2008. Nerves of steel will be required….but at least this time, you know that it is coming.

    • Mithrandir

      Step one: tax , overregulate, to stiffle new job / company growth.
      Step two: sue those that have companies, add burdens so they collapse or move overseas.
      Step three: entice the populace to go on gov’t assistance.
      Step four: bleed-out the remaining income from the rich / churches / anyone that has money to take.
      Step five: cut off welfare/enemployment money, and allow the desperate masses to attack whatever is left over.
      Step six: declare martial law, enact “emergency powers” to institute a dictatorship.
      Step seven: get the desperate masses to overthrow the dictatorship, and give power to ‘the people’ (read: socialism).
      Step eight: surprise-surprise! We have a ready-made socialist leader and supporting apparatus in place, for just such emergencies. Do you want continued chaos or socialism?

  3. Melly

    On a light note. Have you seen Bad Lip Reading video of Rick Perry – pretty damn amusing: http://www.youtube.com/watch?v.....r_embedded

    • proreason

      Just bumped into that myself recently. They have the for all sorts of people, and they are always hilarious.

      Just goes to show that there is no end to creativity.

    • Mithrandir

      “Save a pretzel for the gas jets!” —well said brother!

  4. pamypo

    After twenty years in the Army, here is to going soft.
    This great country got so soft that 53 percent of electors voted for a ludicrously unqualified chief executive who would be regarded as a joke candidate in any serious nation. One should not begrudge a man who seizes his opportunity. But one should certainly hold in contempt those who allow him to seize it on the basis of such flaccid generalities as “hope” and “change”:

  5. Gladius et Scutum

    Way back in September 2008, Steve asked how Obama was able to get into Harvard Law School, having graduated without honors from Columbia http://sweetness-light.com/arc.....s-mr-obama . And several posters have repeated the question.

    Harvard professor of African American Studies and Obama friend Henry Louis Gates Jr., http://sweetness-light.com/arc.....ting-gates in his Public Television series “Black in Latin America”, http://www.pbs.org/wnet/black-in-latin-america/ states that “if it weren’t for afirmative action, I never would have gotten into Yale, if it weren’t for affirmative action, Barack Obama would never have gotten into Columbia or Harvard Law School”. The statement comes at the conclusion (last five minutes) of the episode about Brazil.

    I was only watching to see how far, and how many closets Dr. Gates would be willing to come out of at one time – i.e. communist, racist, borderline personality disorder, etc. I realize the information comes far too late to be of any use, but just for the record.




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