Tag: Wall Street

Finally! Someone With Nuts!

We bloggers on the Left have been bitching that NO one in the media is paying attention to the situation occurring on Wall Street…..Americans are protesting the Wall Street control of the economy and our lives….many people are tweeting about it and talking about it but the media is ignoring it for as long as possible……but finally…..Lawrence O’Donnell of MSNBC had a section in his show, the Last Word, on the antics of the police….please watch and see that the news gets out…….http://on.msnbc.com/riQN1a

Finally!  Finally a media personality has shown some cajones!  More needs to be done and reported….but at least someone in the media is watching……..

U.S. Day Of Rage

Well for me the day of rage is just about every day when you see the political games and cowardly acts of our “respected” Washington representatives……but in this case I am talking about a protest that was called for this past weekend……I waited for the report of it from the mainstream media….and I waited…..and I waited….kinda like that plane to Lisbon……

Remember when they were going to have the debt ceiling vote in Washington and Bachmann held her press conference and asked the people in attendance if she should vote NO?…..Remember?  The news report showed all of 12 people standing under some event umbrella and all weakly said….NO!

I bring this up to ask if those 12 people constituted a news story why is not 50,000 one?

In a story in Politics USA by Jason Easley……

Most Americans are being kept in the dark about the US Day of Rage by the corporate cable news giants at CNN, Fox News, and MSNBC who have imposed a de facto blackout on the protest.

Even though estimates have varied from hundreds to as many as 50,000 protesters flooded into Manhattan and others cities to take part in events around the country to, “nonviolently disrupt the disloyal, incompetent, and corrupt special interests which have usurped our nation’s civil and military power, spawning a host of threats to our liberty, lives and national security,” the three cable news networks have devoted no airtime to the story.

This is becoming an all too familiar scene. In Wisconsin hundreds of thousands of regular people took to the streets each weekend to protest the theft of their rights, and were completely ignored by CNN, Fox News, and MSNBC.

We keep hearing people like Palin and Bachmann and Perry and any other of the Teabaggers bitch about the MSM…..but this is just another reason that their bitching is just ginned up crap.  And why would the media NOT report on this protest?  (I know the answer but do others)…..if there is ever some sort of uprising against the machine of state….they cannot count on the media to there reporting the real news….

Now you see why I say that bloggers are the best way to get info….even if I do not agree with them…I trust them more than the mainstream media.

Would You Like A Double Dip?

I wish my question was about a visit to Ben and Jerry’s…..but unfortunately it is not but rather a crashing economy…….the debt deal has been made and it will involve tax cuts, spending cuts, balance budget and NO revenue…….and I am old enough to ask….where have I heard all this before?

But what do the people think about all the wheelin’ and dealin’?

A new USA Today/Gallup poll finds 39% of Americans approve of the debt ceiling agreement that President Obama signed into law this week with 46% opposing it.

Key finding: Only 33% of independent voters approved of the deal, while 50% disapproved.

First Read: “But if you want evidence that conservative opinion leaders (Limbaugh, Red State, DeMint) might have more sway over Republicans and conservatives than liberal opinion leaders (Krugman, Daily Kos, Bernie Sanders) have over Democrats and liberals, check out these numbers. According to the poll, 64% of Republicans and 64% of conservatives opposed the deal. By comparison, 58% of Democrats and 51% of liberals supported it. Bottom line, at least per this poll: More Democrats and liberals sided with Obama. than with the liberal opinion elite.”

But let us get back to where I have heard all this BS before?

In 1937 the Roosevelt administration attempted to balance the federal budget by curtailing public works and cutting relief employment programs, while the Federal Reserve limited credit and reduced the money supply to prevent a resurgence of inflation. These actions weakened the economy, which already suffered from a lack of business confidence, and a severe recession ensued after the stock market plunged steeply on 7 September 1937. Over the following nine months, manufacturing employment fell by almost a quarter, industrial output by a third, the stock market by half, and profits by over three-quarters. By June, as the economy began to revive, 4,000,000 workers had become jobless. A major reason for the upturn in business activity was a greater willingness to use budget deficits for economic stimulus……….Geez all that sounds darn familiar, huh?  By all means Google this and see if I lie…please…do not take my word for it!

Everybody has claimed victory in the new debt deal…….the truth is these twats are just repeating the mistake made in 1937…..and that was a disaster…..and guess what?  This will be also!  The use of budget deficits is a proven solution for a recession……regardless of what Tea baggers want you to believe……….recent activity or the lack thereof, on Wall Street shows the reader that all is NOT well with the American economy…..and to keep playing moronic, childish little games will do NOTHING to help the country…it will NOT create demand and without demand….we have NOTHING!

A Double dip?  This from the Economist magazine…..

WALL STREET is betting on a double-dip recession.

All financial-market signs now point to a return to economic contraction. The S&P 500 has dropped 9% in two weeks. American government borrowing costs are plummeting, which could conceivably be construed as a result of increased confidence in America’s finances in the wake of the debt-ceiling deal, except for three things: 1) the deal didn’t fundamentally improve America’s finances, 2) equities are tanking, and 3) so are inflation expectations. Yesterday afternoon, yields on inflation-protected Treasuries signaled a 5-year expected inflation rate of about 2.08%. That has since fallen to about 1.86%. The yield on 3-month debt is back to 0.0%, the yield on the 30-year Treasury is 3.79%, and 10-year yields are back to levels observed last August, which prompted the Fed to engage in QE2. Commodities are dropping like rocks.

If Washington continues down this road…that would be the road that that darn pesky can is on…….we have nothing to look forward to but More Economic Misery……..don’t you just love this crap?

But wait, sports fans….there is more observations….this one from Newser……..

Economists say we could be headed for a second recession—and if they’re right, it’s poised to be even more devastating than the first, writes Catherine Rampell in the New York Times. That’s because the starting point for the second dip would be our current weak economy, and this time, policymakers have little room to fix things. Consumers don’t have much fat to cut, either—they did that already—meaning families would have to “cut from the bone.” Other signs round two would be a doozy: Consumer spending hasn’t grown; industrial production is down 8% compared to December 2007; and while the civilian working-age population has grown about 3% since 2007, there are 5% fewer jobs for it. Interest rates can’t go lower than their current zero, and Washington lacks the financial and political means for another stimulus. Finally, “and perhaps most worrisome,” is the fact that the economy is smaller now than it was at the beginning of the recession.

This country is in deep trouble……as long as we allow idiots to run the country and shape economic policy….the deeper the recession will get and the harder it will be to pull out of it…..

Shame On The “Rat Pack”

By now I am sure that most rational individuals have heard the bad news about the US losing its “AAA” rating……we have been degraded to “AA+”….But how and what caused this…I mean after all we did have a debt ceiling increase….so why the pee pee spanking by S&P?

If you really want to know then read their statement…..read it for yourselves!

The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year’s wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

There is more……..

United States of America Long-Term Rating Lowered To ‘AA+’ Due To Political Risks, Rising Debt Burden; Outlook Negative* We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating.
* We have also removed both the short- and long-term ratings from CreditWatch negative.
* The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.
* More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.
* Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government’s debt dynamics any time soon.
* The outlook on the long-term rating is negative. We could lower the long-term rating to ‘AA’ within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.

Please read it again……..it is worth understanding completely before I continue….(pause here for reflection)………

Now that you understand the thinking behind the degradation……let me explain the title of this post…..the “Rat Pack” I am referring to is not the one that we all enjoyed with Frank, Dino, Sammy, et al…..NO I am talking about the bizarre collection of GOP candidates and what they think about the downgrade…..would you like to hear their thoughts?  (I do not see them as thoughts but rather ass rumblings)…..

  • Newt Gingrich: “The Obama disaster continues. Highest food stamp level and lowest credit rating in history in the same 24 hours.”
  • Jon Huntsman: “Out-of-control spending and a lack of leadership in Washington have resulted in President Obama presiding over the first downgrade of the United States credit rating in our history. We need new leadership in Washington committed to fiscal responsibility, a balanced budget, and job-friendly policies to get America working again.”
  • Mitt Romney: “America’s creditworthiness just became the latest casualty in President Obama’s failed record of leadership on the economy. Today, President Obama promised that ‘things will get better.’ But it has become increasingly clear that the only way things will get better is with new leadership in the White House.”
  • Rick Santorum: “Folks, an AA rating should be so far in our rear-view mirror that no mathematical error should affect it. Tonight, I’m saddened for the millions out of work, but I’m hopeful that I will replace Barack Obama as president and get this country and its economy moving again.”

These are the people that want to run this country….and between all of them I have heard NO substantive economic plan…..only that everything is Obama’s fault…….and people will vote for this pack of morons and cowards….well NOT ME!

NO one will take responsibility for this but yet they want the rest of us to man up and take responsibility for our actions….these cowards are killing this country….I am talking about both parties and those ‘baggers that think they speak for us real people…….and yet fingers are pointing as I write……

Now my question is….will YOU, the voter, remember what this pack of cowards have done to the country you love?  I am hoping you will but I will NOT hold my breath…….There is a new slogan….”It’s The Country, Stupid”!

“Foggy Bottom” Math

First of all….nope….not a porn movie…….Foggy Bottom was the original name of the tract of land that Washington D.C. sits on today….

Next, this new “deal” that the two parties and their Tea Party alternates have come up with is NO compromise……the math does not add up…….second, explain to me and the world how gutting government will induce massive prosperity……..third, you realize that the so-called caps are BS, right?  There is NOTHING in the deal that requires or mandates future Congresses uphold the caps…..it is just a way to get attention and to do nothing while appearing to do a lot…….

Prof. Micheal Hudson was said….

“You know that the debt kerfuffle is as staged as melodramatically as a World Wrestling Federation exhibition…. The reality, of course, is that [the eldery] are being led to economic slaughter…

It is a con. Mr. Obama has come to bury Social Security, Medicare and Medicaid, not to save them…

When governments are run by the rich, it is called oligarchy… we are seeing a lapse back into neo-feudalism. The difference, of course, is that this time around society is not controlled by military grabbers of the land. Finance today achieves what military force did in times past. Instead of being tied to the land as under feudalism, families today may live wherever they want – as long as they take on a lifetime of debt to pay the mortgage on whatever home they buy.

And instead of society paying land rent and tribute to conquerors, we pay the bankers. Just as access to the land was a precondition for families to feed themselves under feudalism, one needs access to credit, to water, medical care, pensions or Social Security and other basic needs today – and must pay interest, fees and monopoly rent to the neo-feudal oligarchy that is now making its deft move from the United States to Ireland and Greece.

The U.S. Government has spent $13 trillion in financial bailouts since Lehman Bros. failed in September 2008. But Mr. Obama warns that thirty years from now, the Social Security fund may run a $1 trillion deficit. It is to ward it off that he urges dismantling the plans for such payments now. It seems that the $13 trillion used up all the money the government really has. The banks and Wall Street firms have taken the money and run. There is not enough to pay for Social Security, Medicare or other social spending…

The exercise turns out to be a not-so-divine comedy. Mr. Obama offers a plan that looks very Republican. But the Republicans say no. There is an illusion of a real fight…

The Obama administration is now deep into its Orwellian rhetorical phase…

Wall Street knows that to get sufficient Congressional votes to roll back the New Deal, Social Security, Medicare and Medicaid, a Democratic president needs to be in office. A Democratic Congress would block any Republican president trying to make the kind of cuts that Mr. Obama is sponsoring. But Congressional Democratic opposition is paralyzed when President Obama himself – the liberal president par excellence… – acts as cheerleader for cutting back entitlements and other social spending.” [read full report]

Sadly, I see a group of people in Washington, I refuse to call them representatives, because they are not representing anyone but themselves, that would allow the country to self-destruct to get their way……….Obama is doing as much if not more harm than the Repubs could ever come up with in their narrow minded thought process……

The American people have a better grasp on where the country needs to spend and where it needs to cut……this from a recent survey…….

Full report(PDF)
American Public Shows How it Would Cut the Budget Deficit

The biggest difference in spending is that the public favored deep cuts in defense spending, while the administration and the House propose modest increases. However, the public also favored more spending on job training, education, and pollution control than did either the administration or the House. On average the public made a net reduction of $146 billion–far more than either the administration or the House called for.The public also showed readiness to increase taxes by an average of $292 billion–again, far more than either the administration or the House.

On average, the public cut defense spending by 18%, reducing it by $109 billion. By contrast, the president’s proposal increases defense spending by 4% and the House calls for increasing it 2%. For intelligence agencies the public cut 15%, while the administration says the agencies would grow, though at a slower pace.

The most dramatic differences were for job training and higher education. The public increased job training a whopping 130%, while the House cut it by a stark 47%. The administration nicked it 3%. For higher education, the House cut it 26%, the administration increased it 9% and the public increased it 92%.

Read the full report and see just how outta touch Washington is….and then keep that in mind when they want your vote next year……

At least it shows that the American people have a better grasp of basic economics than do the wankers in Washington that we elected to run the country……shows we need to pay better attention next time around…….

The American political system as it is today makes me desire a cleansing shower……..I feel dirty!

Pain At The Pump

A lot of lip flapping going on and We all suffer from pain at the pump….we bitch and we moan and we drive down the driveway to pick up the morning paper……we are a country of addicts…..gas addicts!

one of my pages describes this…..lobotero.wordpress.com/will-the-addic… …..I wrote this about 4 years ago and it is all repeating itself as it has time after time…..

And then when things are offered up the attack machine goes into full swing….like to end all subsidies to oil companies…..

Obama has proposed eliminating subsidies to oil and gas companies, which the administration pegs at $4 billion. Republicans have argued that they are necessary to keep the energy industry competitive and encourage domestic oil exploration.

A Boehner spokesman quickly shot down the possibility that the speaker was moving closer to the president’s proposal.

“The speaker wants to increase the supply of American energy and reduce our dependence on foreign oil, and he is only interested in reforms that actually lower energy costs and create American jobs,” Boehner spokesman Michael Steel said. “Unfortunately, what the president has suggested so far would simply raise taxes and increase the price at the pump.”

Oil prices are controlled by speculation and there is an answer to that problem also…..

The Wall Street reform law enacted last year required the commission to impose so-called position limits, which would restrict the amount of oil that speculators could trade in the energy futures market. The law called for the tough new regulations to take effect by Jan. 22. The commission balked. Now, three months later, the price of gasoline has gone up 80-cents a gallon because of the commission’s hands-off approach to the markets it is supposed to regulate.

Only two of the five sitting commissioners support strong limits that the new Wall Street law envisioned. It takes three commissioners to adopt a new rule. The president, Sanders said, should insist that the law be enforced and demand the immediate resignation of commissioners who refuse to do their job.

You may not appreciate the financial reform bill that was signed into law last year, but there is a way to control the price of gas and to blame Obama ‘s war on subsidies as the reason for raising gas prices is just plain WRONG!

Even Goldman-Sachs has reported that the rise in gas prices is caused by speculators…..and to allow it to continue will bring any economic recovery to a grinding halt…..so to oppose any effort to get these speculators to cool down is NOT in the best interests of the country….

But a economist with  Platts and energy information group has said and he should know….

The tax breaks on oil are part of the endless discussion about how to tax an economic activity. Do you tax it at 0%? Do you tax it 100%? Or do you tax it in between? You want to tax it at the rate that provides the most money for the government while not inhibiting economic activity.

But that is not a subsidy. My demand for oil isn’t going to change one iota because of the changes that are under consideration, and therefore it won’t change the price of gasoline.

Oil companies will argue that the changes in the tax rate could change supply.  Now you could build some theoretical model that says, if the tax rate is changed, it MIGHT inhibit production, and therefore down the road, supplies would be less than they would be otherwise. Therefore, the price could be higher and my demand might be less. This is not as crazy as it sounds. If the rate on these forms of exploration went to 100%, obviously, no company would produce that oil, the overall market would tighten, and the price could go up. But that’s not in question; the administration is not proposing a 100% tax rate.

There you are…..we have an answer….now just DO IT!  You want to cut spending….then start here and prove that you Repubs are not anti middle class….just a thought!

Debt Ceiling–It’s All A Game

From the VOMITORIUM

Let us be honest……Actually…..ALL politics is a game….a game of spin, of stats, of people……we just finished one game….that being the deadline game of the 2011 budget…..both sides pushed that issue to the limits and then miraculously a deal was struck…and then both sides could claim victory and the peasants back home….danced…..

That was round one and now we will move on to round two…..and that would be the raising of the debt limit….the spin machine has been working overtime and the media has been doing the tango with the politicians to keep it in the news (always look for what they are trying to suppress…it is called a misdirection)…..any way we will be bombarded continuously with this news story…..but go to the local town square and ask people what they think about the national debt….you will be surprised how many do not CARE….most want to see the economy grow and to find a descent job…..but the major story will be the catnip for the media…..the debate on whether to raise the debt ceiling or not……

I know that many of my conservs friends think that I am a bit too sarcastic or pessimistic….but if it is NOT a game then what the Hell would you call it?

From Politico……

Republicans are growing increasingly concerned about the impact a bruising fight over raising the nation’s $14.29 trillion debt ceiling could have on U.S. financial markets.House Speaker John Boehner (R-Ohio) has had conversations with top Wall Street executives, asking how close Congress could push to the debt limit deadline without sending interests rates soaring and causing stock prices to go lower, people familiar with the matter.

Republicans and even some fiscally conservative Democrats want to use the debt limit fight as leverage to wring more significant spending cuts out of the White House. Politicians of all stripes are worried about how independents will react to a vote — or multiple stop-gap votes — to raise the debt ceiling. Many executives on Wall Street believe Washington is playing an enormously dangerous game with what is typically a non-controversial vote.

A game is a game….and this debate on the Debt ceiling is a massive game and in the long run the Middle Class will get bit in the ass by the players…..keep playing this game…..holding the US credit rating hostage and you help create another economic meltdown……To the voter….you voted for these cowards….how is that working out for you?

Is This NOT Important?

I realize that Wisconsin situation and the horrible quake and tsunami are breaking stories and the world needs to hear them….but on the same hand there are things happening in news that are just as important….if not more so…..in a couple of months the two mentioned above will be replaced by other issues and most likely other disasters…..

There are things that the media will cull out of  the story board….why?  Most media outlets are owned and operated by corporate interests and some stories are not at all flattering and in as such will be either not reported or glazed over quickly and then move on…….Newser has reported on such a story……

A trove of leaked documents apparently reveals that Bank of America may have been involved in a scheme to bilk homeowners—a claim the bank rigorously denies. Hacker group Anonymous, which leaked the documents, says that more damning information is on the way, reports Business Insider. The emails, which allegedly come from an ex-employee of BoA subsidiary Balboa Insurance, apparently show the bank, insurance providers, and mortgage brokers all knew of a scheme to cancel people’s insurance agreements, forcing homeowners to buy much more expensive mortgage insurance far above normal requirements. Often, this would also lead to home foreclosures. Anonymous put BoA in its crosshairs last December after the bank cut off contributor payments to WikiLeaks. The hacker group has created bankofamericasucks.com,and promises to post more damning leaks. Bank of America, however, called the leaked materials non-foreclosure related clerical and administrative documents, telling Reuters: “We are confident that his extravagant assertions are untrue.”

And yet, this is somehow NOT important enough to be covered in its entirety…..WHY?

The best answer is……the media, the government and the country are ruled by special interests and the people are there only to service them….for the people NOTHING!

Party Like It Is 1999!

Yes, I know…you can hear Prince spouting and strutting his stuff……get over it!

We are in the midst of a crushing economic crisis….well crushing if you work for a living…not so much if you are one of the hotshots on Wall Street……the news is great….well the news is skewed to appear great…..

You tell me…the wealthy are buying diamonds, luxury cars and organic dog food……Main Street is buying second hand clothes, taking the bus and eating dog food….yeah…things are truly looking up for us stiffs….

Real unemployment is sitting at about 15%….some unemployment benefits will be lost……wages are being driven down……benefits are being lost……homes are underwater……and Xmas is gonna be a bit thin for most of America…especially on Main Street……but there is good news….

well only if you are wealthy you have this to look forward to…..

Wall Street reforms were supposed to force financial firms to better align pay with performance. That doesn’t seem to be happening this year. Profit-wise the second quarter was a disappointing one for many of the large banks. After what was by all measures an amazing profit rebound in 2009, this year has been a dud. For most firms, Wall Street bottom lines are supposed to be about what they were a year ago. Some firms may even see profit drops. Not much to reward workers for, at least not a record levels as the Journal predicts, you would think. To be sure, banks have yet to make their final decisions on what they will pay in year-end checks. But the early indication is the firms plan on paying their employees well despite their ho-hum bottom line performance. A recent survey of financial firm professionals said they expect higher pay in 2010 than they received a year ago. “If the object of Wall Street pay reform was to make bonus payouts less risky, then I think that has been achieved,” says Johnson, who cites clawbacks and other pay provisions that have sought to remove the incentive for deals that create short-term profits, but can leave the firms open to much bigger losses in the future. “But if the object was to reduce the absolute level of pay on Wall Street, then I think reform has been much less successful.”Read more: http://curiouscapitalist.blogs.time.com/2010/10/12/wall-street-deja-vu-lackluster-profits-equals-record-bonuses/#ixzz173cHRlME 

Wait! There is more……

Despite lingering concerns about the economy, a new report from American Express Business Insights says luxury sales are up, gaining 9% in the second quarter.

While spending in each of the four categories it analyzed increased, furniture and home furnishings showed the biggest improvement — up 21% — followed by sales at luxury department stores, which rose 15% in the quarter. (Women powered those department stores sales, making 69% of purchases. And 22% of all charges came from shoppers ages 36 to 45.)

While sales also rose in the apparel and accessories (up 9%) and jewelry sectors (up 12%), the report says growth slowed in each of those categories as the quarter progressed, indicating renewed fears about the fledgling recovery. Jewelry sales gained only 3% in June, for example, the smallest increase in the last eight months.

So you see…if you are wealthy all looks pretty good….if you are struggling….then the economy does not have the same appearance as it does with some others…..and then the big fight over tax cuts…..this holds NO promise for the middle class……and the jobs that are promised if the wealthy get their extension of tax cuts will not be coming any time soon…if they do…then the whole thing was just a set up to help Repubs win elections….and if that is the case then these BASTARDS need to be executed…kinda of what the Right wants to do to Assange……

The Virtuous Cycle

What the Fed has done by promising to buy up $600 billion in US bonds, besides also promising to print more money, is what is called the virtuous cycle in economics…..

The most acceptable definition is……..One good thing leads to another. That is, a situation in which improvement in one element of a chain of circumstances leads to improvement in another element, which then leads to further improvement in the original element, and so on.

Now the Fed is praying like a maniac that this infusion of money will start some sort of spending by industry……which will create improvements in the economic condition of the country……

My problem with this whole thing is that this will not create an opportunity just as NOTHING the Fed has done to this point has created anything but more profits for companies and more unemployment for the people…….also we will be spending money we do not have on the wish and the prayer….with all the talk about the national debt and yet this will be allowed to go on is proof positive of the real function of the Fed is NOT the good of the working class or the middle class, if you will….but rather the interests of the Banksters that continue to steal our money with the permission of the government….all the government…both sides of the political spectrum……

Think I am wrong?  Then where have you heard any opposition to this outrageous plan?  Have the Repubs bitched about the add on to the debt?  Not a peep so far!  Have the Dems bitched that this will NOT help the average worker?  Not a peep!  And I bet you still think that there is not a veiled class war (an upcoming post)  going on as we speak…..right?