Sarah Palin Out. Rick Perry In.

Fundraising numbers for the Republican candidates for President are in. Rick Perry leaked his numbers to Matt Drudge in a smart attempt to woo the hostile-to-Perry blogger. Equally smart Rick Perry gave his $17 million raised numbers “exclusive” to HotAir too.

Rick Perry managed to raise his astounding numbers in the 49 days since he announced he was running, not the full 92 days in the quarter. Further, Perry spent very little of the money he raised. Most importantly Perry fundraising was NOT hurt by his disastrous September debate performance.

For Rick Perry, the phrase “money changes everything” has never been truer. All Perry has to do now is get his debates performances up to middle school level and he has the nomination.

Willard Romney is simply not liked by the majority of Republicans. No matter what happens to other candidates Willard’s numbers do not rise. It will take another debate meltdown by Perry which then leads to donors abandoning Perry to deny Perry the nomination.

Romney will continue to fight for the nomination and he does have money and organization but Romney has the albatross of Romneycare to overcome. Perry’s problems on immigration will hurt him in the Republican primaries, but will help him in the general election. Romneycare will hurt Romney in the primaries and deprive Republicans of a major campaign issue in the general election too.

Yesterday, Romney was helped when Chris Christie declared with finality that he would not run in 2012. Today, Rick Perry is helped because the only other plausible candidate who could raise money and had an army to challenge him made her 2012 plans for the nomination clear. Sarah Palin is not running for president in 2012. ABC news has the Palin statement:

“October 5, 2011

Wasilla, Alaska

After much prayer and serious consideration, I have decided that I will not be seeking the 2012 GOP nomination for President of the United States. As always, my family comes first and obviously Todd and I put great consideration into family life before making this decision. When we serve, we devote ourselves to God, family and country. My decision maintains this order.

My decision is based upon a review of what common sense Conservatives and Independents have accomplished, especially over the last year. I believe that at this time I can be more effective in a decisive role to help elect other true public servants to office – from the nation’s governors to Congressional seats and the Presidency. We need to continue to actively and aggressively help those who will stop the “fundamental transformation” of our nation and instead seek the restoration of our greatness, our goodness and our constitutional republic based on the rule of law.

From the bottom of my heart I thank those who have supported me and defended my record throughout the years, and encouraged me to run for President. Know that by working together we can bring this country back – and as I’ve always said, one doesn’t need a title to help do it.

I will continue driving the discussion for freedom and free markets, including in the race for President where our candidates must embrace immediate action toward energy independence through domestic resource developments of conventional energy sources, along with renewables. We must reduce tax burdens and onerous regulations that kill American industry, and our candidates must always push to minimize government to strengthen the economy and allow the private sector to create jobs.

Those will be our priorities so Americans can be confident that a smaller, smarter government that is truly of the people, by the people, and for the people can better serve this most exceptional nation.

In the coming weeks I will help coordinate strategies to assist in replacing the President, re-taking the Senate, and maintaining the House.

Thank you again for all your support. Let’s unite to restore this country!

God bless America.

– Sarah Palin”

Sarah Palin will also not run as an independent. [The Palin interview with Mark Levin may be heard HERE.] The creeps who crowed when Trump was driven out of the race are also roostering that they have driven Sister Sarah out.

The Republican field is set and the nominee will probably be Rick Perry or if he continues to be as incoherent as Michael Jackson’s last tape – Willard Mitt Romney.

If either Willard Romney or Rick Perry are the nominees it is not likely that Donald Trump will run as an independent.

The field for the Obama Dimocratic Party is also set.

The only question remaining is who will run as the nominee of the Democratic Party.


136 thoughts on “Sarah Palin Out. Rick Perry In.

  1. Perry first out with a statement:

    “Sarah Palin is a good friend, a great American and a true patriot. I respect her decision and know she will continue to be a strong voice for conservative values and needed change in Washington.”

    I agree, admin. I still say Perry will be the nominee. My caveats are two: 1) He has to turn in some decent debate performances, and 2) Cain in the mix splits the conservative vote. Unless Cain gets knocked out soon, Romney may squeak by.

    If Perry tanks utterly in debates, then all bets are off. But I’ve seen Perry do much better in debates than he did. I honestly think that standing for 2 hours is giving him a problem with his recent back surgery. He didn’t look just befuddled, he looked in pain and possibly medicated.

  2. please no Willard. No rationale behind it but the man gives me the heeby jeebies. he doesn’t scare me the way waffles did just makes me very uncomfortable. Reminds me of my first apartment in the Lower East Side of Manhattan. kept waking up in the middle of the night with a disturbed feeling. tried to ignore it but it kept happening. A week later they arrested a guy for hanging out on the fire escape and looking in peoples apartments. Romney is for me that creepy guy.

    Here’s to hoping Sarah makes some noise(raises glass)

  3. HillaryForTexas, there is another reason aside from potential back pain for Perry’s horrid debate performances.

    A lot of successful politicians think they are smarter than they are and therefore they do not practice or prepare for public appearances and debates. Perry needs to take a lot of time (where has he been lately?) to practice and learn how to answer questions and debate. Perry needs to study and get his facts and narrative down so that he can ad lib when he has to. But he needs to get off his smirk and study, study, study.

  4. I agree, admin. I don’t think back pain was the whole reason, I was just wondering if it was contributing, watching him. He needs to prep prep prep. More performances like that could sink him. He will never be a smooth debater, but he has to do better than that.

  5. turndownobama
    I am rotting waiting for your response about provisional ballots. have lots of data with your name on it.

  6. Wow- Steve Jobs held on just long enough for the next I-Phone to be introduced for sale by his hand picked successor. RIP, Steve. You are the Thomas Edison of the 20th century…you did good!

  7. here is a testament to the power of Palin.
    I do some freelance work cleaning up sites for porn. I get paid 5 cents a page to determine if photos posted are family friendly. Guy with shirt off okay guy in towel no. Boring as one can only look at so many penises and nipples . I just got hit with a tsunami of Palin pictures. Her with a penis her with enormous breasts cocking a gun and on and on.

  8. admin:

    The only question remaining is who will run as the nominee of the Democratic Party.


    Admin…that is the 64 million $ question?? LOL!

    I sincerely hope a woman is at least a VP….and I’ve always said it will be a Perry/Palin ticket! I also think it will be an Obama/Clinton ticket….why else is Hillary being summoned to sell the jobs bill? Isn’t that out of her line of job duties??? BTW, where’s old Biden and ole iron jaw Kerry these days???

    Although I’m half way expecting a Condaleeza somewhere….she has a liking for Obama….maybe she’ll change parties….LOL! Sleeveless wouldn’t allow that I bet…LOL! Why is old Sleeveless visiting and thanking the SS today???

  9. How is this for weird as i said before I make a little cash cleaning up sites. make sure nothing is untoward. Got smacked with Palin’s decision not to run. My job is very simple— is a picture something you would be comfortable showing your kid, -but people post everything and don’t realize it’s all out there.
    I am weeding through a butt load of pictures of Palin with titles like limp dick and flaccid. Never in my three years of doing this have I encountered even one-tenth of a response.

  10. I am saddened that Sarah Palin will not run for the presidency. My support now will move to Cain, and if he drops out, then possibly Ron Paul who I like due to some of his libertarian stances. I am not against considering Bachmann, either.

  11. turndownobama
    i haven’t gone anywhere still eagerly awaiting your argument against provisional ballots for those lacking ID. waiting

  12. nomobama
    I started with O desk and one thing led to another. Got lucky I hit a company that respected my work and they continued to use me and after a time hired me directly.

  13. Rest in peace Steve Jobs, even as a PC person, I admire the beauty you have created in the tech world…bringing us out of the boxy, bla hardware and bundling your products with included software. You will keep all the geeks in Heaven happy.

  14. “Money Changes Everything”… my favorite Cyndi Lauper song. Nice to hear again after such a long time.

  15. Shadowfax
    October 5th, 2011 at 9:01 pm

    Nice post, Shadow-

    Now lookie here- even if we can’t be there. Bill thought of a way we can make our popcorn at home and be included in the celebration… whata guy! 🙂

    Wednesday, October 5, 2011

    Yahoo donates to the Clinton Foundation and you may get freebies

    For those who aren’t attending “A Decade of Difference” concert, it will be shown live only on Yahoo! at h… // on Oct. 15th. Yahoo! will also donate up to $50,000 to the Clinton Foundation for every entry to their sweepstakes for a VIP package for 2, including flights and accommodations, to the concert. h… //

    h.. w..

  16. When I checked out the Facebook page there were over 5,500,000 hits and counting on the Clinton Concert.

  17. Mrs. Smith
    I tried calling you a couple of weeks answer…you need to text me….that’s how I keep up with everyone up here in the sticks…there’s never enough signal for a real call…but most of the time I get my text’s…LOL!

    So is the Oct. 15th the day he annouced he was running for Potus or his bday…I get it confused…

    Sure looks like Clinton fever again out there! Don’t it to you all???

  18. I’d love for whoever wins to appt her Energy Secretary. Heads would explode, especially in oil company boardrooms and at lobbyist lunches.


    Yep! Hm, here’s a sticker for OWS:


  19. please no Willard. No rationale behind it but the man gives me the heeby jeebies.


    There’s a big rationale: the dog story. (Which is true.)

    I don’t usually go for ad hominem, but that deserves it. Awful judgement.

  20. henry,

    What is your problem about provisional ballots? They’re already in use for unusual situations. Fine solution, though of course like everything else the rule could be abused one way or another.

  21. I had almost forgotten Cindy’s girdle and dancing like Elaine…arms a flinging and tweaked out hair…

    A Friday tune to lighten up the mood on the day Steve died and Sarah decided not to run. I liked Christie and Sarah for the same reason, they don’t spin nor take any crap. So now we are still left with the hum drums…hopefully the race will still get a Superstar to take down Barry.


  22. Meh. I don’t like what WIllard did with the dog, but I don’t think it’s the crime of the century.

    But I grew up around hunters and country folk, who often crated their dogs and traveled with the crates on roofs, on flatbeds and truck beds, etc. Or sometimes uncrated just loose in the back of a truck, or with a leash tied to a corner. The dogs didn’t seem to mind much. I wouldn’t do that with any of my dogs, but I don’t think it made them cruel horrible people who don’t love their dogs, either.

  23. If Hillary doesn’t jump into the race or get pushed into it, my next best hope would be for the renegades that have no hope of winning the nomination, join up and run as independents – Trump with Sarah.

    I think they could win together.

  24. But I grew up around hunters and country folk, who often crated their dogs and traveled with the crates on roofs, on flatbeds and truck beds, etc. Or sometimes uncrated just loose in the back of a truck, or with a leash tied to a corner. The dogs didn’t seem to mind much.


    I grew up in the country too. The dogs are raised to it and don’t mind it. But Romney’s dog was NOT raised to it, and DID mind it — got diahrrea — and Romney’s ‘good judgement’ was to hose him off and continue at highway speed. Wind chill, anyone?

    Also this was on the roof of a passenger car, station wagon or something. In the back of a truck is safer and more comforatable. Or if the dog is riding voluntarily on the roof of a truck and can get down in the truck bed if he wants to.

    Snopes iirc linked to a long puff piece about Romney where his grown up kids were being creepy about it, too.

    NOT a presidential attitude.

  25. HillaryforTexas
    October 5th, 2011 at 7:54 pm
    BTW, if you want to know about the early days of both Steve Jobs and Bill Gates, when they were nobody young punks, get Pirates of Silicon Valley on DVD. It’s really good.

    I love that movie, and to me they were not punks, they were rival geeks with poor social skills. They both grew up to be pretty great men.

  26. Shadowfax, “nobody young punks” was meant tongue-in-cheek and quite affectionately. I forget sometimes that you can’t see me smile at this keyboard.

    “There may be no greater tribute to Steve’s success than the fact that much of the world learned of his passing on a device he invented.”

  27. Mittens is just awful….Perry is awful…there are no good rethugs out there….there is only one good democrat….for pete’s sake…it’s a no brainer…Hill has to run….maybe Michelle was saying thanks and goodbye to the SS today???? We can only hope…

    I haven’t heard a peep out of Biden??? WHY?

  28. jbstones, I’m not wild about Romney, but I don’t think he’s the worst Republican ever. There are plenty who are much worse. *shrug* There is no one that I can support, so I’ll be voting for whoever will get Obama out of there, anyway.

  29. A potential Perry Presidency would put the most insane international mega-speculators, whom Gramm represents, into position to detonate and loot what remains of the U.S. and world economy.

    Former Senator Phil Gramm, key figure in present economic disaster, shaped the life and financially sponsored the career of protégé, Rick Perry.

    Gramm taught economics at Texas A&M, where he befriended slow student, Rick Perry. Gramm became Perry’s guide into the beastial philosophy of global financiers. When Gramm rose to power in the Senate, he connected Perry to a money apparatus.

    Which apparatus organized the little-known Perry’s run for Lieutenant Governor in 1998. Perry’s campaign finance director, Jennifer Bannister, who had been Gramm’s aide for 10 years, pulled in $millions.

    Money and influence came to Perry through Gramm’s moneybags: Texas multi-millionaire James Leininger contributed big to that and later Perry campaigns; Perry made tens of thousands in stock deals with Leininger’s company Kinetic Concepts (partly owned by Gramm’s wife Wendy the Enron director); and Perry raked in huge sums in real estate deals involving Leininger. In his 2010 book Fed Up, Perry devotes a concluding chapter to thanking Leininger’s “Texas Public Policy Foundation” (Wendy Gramm, chairman, James Leininger, Chairman Emeritus)

    Chairing the Senate Banking Committee, Phil Gramm pushed through the 1999 Gramm-Leach-Bliley Act (repealing Glass-Steagall and handing all bank deposits to offshore gamblers).

    Perry became the Texas Governor when George W. Bush resigned to run for President in 2000. That year, Gramm pushed through the Commodity Futures Modernization Act, which kept derivatives free of government regulation.

    In 2002 Gramm resigned from the Senate to reap his reward, becoming vice president of investment banking for UBS, in charge of connecting that Swiss financial giant to big money men. Gramm could now bankroll Perry’s accelerated rise. The “Friends of Phil Gramm PAC” subsequently contributed over $600,000 to Perry’s election campaigns for governor.

    Gramm immediately went to work with Governor Perry on a scheme to enable offshore gamblers to bet on the death dates of retired Texas teachers. Perry pushed Gramm’s 2003 proposal to the Teacher Retirement System of Texas: UBS would partner with the state of Texas to take out life insurance policies on elderly former teachers. The policies, put out through the insurance speculator-monster AIG, would pay off only when the retiree died. They were to be “bundled” into “securities” and peddled globally. Each retiree might be paid around $50 to $100, while Phil Gramm and UBS and AIG would score big on up-front commissions. The scheme collapsed as a Perry political embarrassment when teachers learned about it.

    The financial system, now lacking the protections Gramm had removed, exploded in 2007. AIG went belly up and got a hundred-billion-dollar U.S. bailout. In 2007, Gov. Rick Perry’s son Griffin Perry went to work for UBS in its Texas office. UBS is now being sued for fraud in the latest multi-billion wild speculation scandal.

    With Obama for a foil — continuing the bailouts and economic demolition — Rick Perry announced his Presidential campaign on August 13, 2011. Gramm simultaneously announced his backing.

    Rick Perry, Phil Gramm, and Economic Armegeddon
    September 20, 2011 (But I have edited it above.)

  30. Hm. Suddenly the MSM is giving advice to the OWS. They must have been doing something right.

    First they ignore you, then they ridicule you, then they fight you, then they give you advice?

    As Harold Meyerson [wrote Tuesday] in The Washington Post, other groups around the country with a different leadership structure are making more concrete demands, including the modification of student and household debts and the imposition of a financial transaction tax.

    Reworking debt should be distinguished from either “demand the impossible” notions, like abolishing consumerism, or smart lefty wonkmanship, like a financial transaction tax. I won’t dispute that an FTT is good policy, but neither it nor posturing about stopping other people from buying stuff that you find tasteless changes the lives of ordinary people in a clear and measurable way. It won’t affect how much they are paid and how they deal with their boss, or how they use public accommodations, or whom they choose to live happily ever after with. But lowering the crushing debt burden on millions of people in the midst of a “balance sheet” recession can do just that—it hits people where and how they live. If, as in this example, the demonstrators make proposals which have an organic connection to the pressing concerns of millions of people, they will heighten the potential of developing a movement which can leverage political change.

  31. turndownobama
    are you for real? Do you even read your own posts? recently you were crying that people who did not have ID would not be able to vote. Claimed they would be disenfranchised, i did the research and posted that no one’s vote is not counted by enforcing voter ID and that if someone shows up sans ID they cast a provisional ballot.
    YOU said 5 million people would not be able to vote if ID was required whivh is a fat out LIE

  32. Why the MSM finally visited OWS: because they got a call from their boss.
    ” I had gone down to Zuccotti Park to see the activist movement firsthand after getting a call from the chief executive of a major bank last week, before nearly 700 people were arrested over the weekend during a demonstration on the Brooklyn Bridge.
    “Is this Occupy Wall Street thing a big deal?” the C.E.O. asked me. I didn’t have an answer. “We’re trying to figure out how much we should be worried about all of this,” he continued, clearly concerned. “Is this going to turn into a personal safety problem?”

  33. Total myth that requiring individuals to have photo ID is an infringement on civil rights. The made up number of 5 million people that do not posses a valid form is irrelevant as you can still cast a paper ballot. Beyond that if only 75% of eligible voters are registered apply that to the 5 million and you get 3.75 million assuming those without ID vote like those with you are looking at 2.2 million votes spread across 50 states and between different parties

  34. henry,

    You’re jumbling several different posts, some of them not even mine.

    As I said, I’m dubious about a requirement for some special new ID used only for voting, that would require a lot of hoops to get,such as going somewhere in person to get photographed, producing an original SS card, a certified birth certificate, etc. This would eliminate a lot of the same people who couldn’t go to caucuses.

    Otoh, if all you need to show at the polls is some ID that most of us have already, no big problem.

    You know, easy as running for President.

    Different polling places have different rules about provisional ballots, if they have them at all. Any legislation that makes new ID requirements will probably ‘reform’ those provisional ballot rules too. Even under existing rules, at some places it’s still a hassle to get the supervisor to give you a prov and help you fill it out (even if they can find them) etc etc; and the people who can’t go some special place to get some special ID probably don’t even know to ask for a prov. They’d just stay home.

  35. henry, the study cited in the original report that came up with the 5 million number did it like this:

    They compared registered voters with those who currently have drivers licenses or state ID’s. Any registered voter who does not currently have an ID was counted as being “disenfranchised”.

    The study just assumed that anyone currently without an ID must be incapable of getting one. Which is bullshit. Nothing, not one thing in that study indicates in any way that MOST of those people would have any difficulty whatsoever getting an ID should they need one to vote. There may possibly be a very tiny tiny number who might have a bit of difficulty – in which case a provisional ballot with their identity and address, etc checked later would be just fine to ensure their vote is protected.

    The only people a voter ID law really hurts are people who shouldn’t be voting anyway – dead people, illegal aliens, etc.

  36. in which case a provisional ballot with their identity and address, etc checked later would be just fine to ensure their vote is protected.


    Checked against some ID that they’ve succeeded in getting days or weeks after the election? If they go through the hassle of looking up the supervisor and showing it to him, and he can find your provisional, etc etc.

    H4t, your same argument was used by the Bots about caucuses: oh, anyone who can’t get to a caucus shouldn’t be voting anyway.

  37. H4T
    i do have to admit if you are out of the mainstream it is very very difficult to get an ID. NY state has a point system and when I worked with people that lived for years literally underground(mole people) it was almost impossible to get them ID and without ID they could not get a job,
    Off topic but tickled pink with me– i converted my basement bathroom into one huge shower with pulsating jets off each wall. cost less than a grand(love Home Depot) Only challenge was putting a slope on the floor

  38. They compared registered voters with those who currently have drivers licenses or state ID’s.


    As I’ve said, if all you have to show the polls is a Dr. Lic or state ID, then no big problem. My objection is to some special new “Voter ID” that might be harder to get, and is not used for any other purpose.

  39. ohanson,
    Geez, I wish I could post that on my FB….I knew Perry was slime…just like GWB….people better wake up….and get Hillary in

  40. turndownobama
    I am confused. Which states are considering a voter ID only? i googled, binged and yahooed and all i can find is that some states want to require ID and if you so not have a state issued piece of verification then ans only then would you need to produce a Voter ID

  41. No state has even considered any “special” ID. Texas’ new law accepts any kind of state-issued ID, from a DL to a concealed gun license.

  42. H4T
    Even with the most stringent ID laws no one’s vote is uncast. Provisional ballots are available as they should be.
    I am all for demanding ID when voting.

  43. turndownobama
    October 5th, 2011 at 11:16 pm
    Riverdaughter’s report; she was in NY marching with OWS:
    It’ s good to get another perspective from someone I trust, even if Riverdaughter leans more to the left than I do these days. Saying that people in the crowd very on why they are there, but they are all very angry. We protested in Denver together and since then she was laid off in a good job.

  44. H4T
    I have seriously debated running for Senate against Bob Casey. Not that I think I could get a single vote but I have a set of stilts and I think it would be evocative for me to campaign in them. Mockery? absolutely i would relish giving the press anonymous tips about how I wet the bed in 1987 after a drunken night. And then I would deny deny deny,

  45. since then she was laid off in a good job


    And Riverdaughter wasn’t a liberal arts major either. I thought her description of the crowd was more mellow than angry, and she made a point of there being a diversity of ages there.

  46. Hill4tx

    Thanks for adding your ‘punks’ tongue-in-cheek

    Confloyd – I think the Rethug candidates stink too.

    Henry – I have the same spelling/typo problem on this iPad too…maybe we can start a new rule…

    Less than three typos per post, is the new geek style and deserves no corrections…except for dear admin, because her/his posts are more visible to the public. 😉

  47. Henry

    These days stilts are out, jackboots are in…just ask the guy in either golf shoes or bed slippers.

  48. henry, I agree

    I am all for demanding ID when voting.

    And as I said, none of the CURRENT state laws that the Dems are having conniptions over , either recently passed or being proposed, are for a separate voting ID.

  49. Shadowfax
    My stilts from a one week acting job on Atlantic City are twenty feet. And I can walk in them. How much press would I get if i simply traversed downtown Pittsburgh with a sign did Casey read the healthcare bill before he signed his mane to it.

  50. For what it’s worth, I posted this a couple threads back:


    October 3rd, 2011 at 12:25 pm

    October 03, 2011

    According to a study done by the Brennan Center For Justice, as many as 5 million voters will be disenfranchised by Voter ID laws passed in Republican states.

    These new restrictions fall most heavily on young, minority, and low-income voters, as well as on voters with disabilities. This wave of changes may sharply tilt the political terrain for the 2012 election. Based on the Brennan Center’s analysis of the 19 laws and two executive actions that passed in 14 states, it is clear that:


  51. H4T
    I was a dimoxrat until 2008. like many others i fled in anger but three years later my fisgust with my former party grows. They piss me off. So tired of hearing voter rights/gay rights/women rights/ transgendered puppy rights. Stop lying to me.
    I believe a woman has a right to choose but i also am against abortion. I am a gay man who will most likely never be a part of that discussion. i do know that I have a castaway crud that awakens every day with a small song in her voice and I am lucky/blessed to be able to hear it.
    That being said I am sick of the rape/incest argument when it comes to abortion. Anomalies. Stop pounding me ober the head with anomalies

  52. GREAT piece by Karl Denninger on how all the “free money”, while it sounds nice, actually screws us all in the long run:

    OWS: Want To Turn The Tide?

    If so — if this is really about “the 99%” — then you need to understand a few things.

    Some of you already do. To those, this article is redundant. To the rest, and to the majority of the people in this nation, it is not.

    Last night I appeared on Dylan Ratigan’s show. You can watch the segment, and should. I used the word financialization, which a few people emailed me about and asked me to explain.

    Thus, this Ticker.

    So what is financialization anyway? It is the process by which something very ordinary (say, a TV set) becomes financed. In doing so there is inherently created the use (and usually the abuse) of leverage.

    What is leverage? Leverage is simply the ability to act as though you have much more of something than you really do. For example, you can use leverage to pry off the lid on a beer bottle. Your raw strength is multiplied by the lever (the bottle opener) to lift the cap.

    But note that there is no free lunch. While the opener may multiply the force applied to the cap, the distance the opener moves is proportionally reduced compared to the movement of your hand.

    In economics, leverage is the use of debt to pretend to have more economic surplus (that is, purchasing power) than you really have.

    Let’s take a TV set. If you save up the money to buy one, then go into the store and pay for it, you now own a TV set. There is no leverage involved; you took your economic surplus from working (which you didn’t need for food, energy, shelter and clothing – thus, it’s a true surplus to you) and you expend it on a TV set. The transaction is simple; once it is completed there are no residual effects. If you lose your job the next day, you still have the TV set and will forever more until it either breaks, wears out or you dispose of it in some way.

    But what if the TV set costs $500 and you only have $100? Well, you could financialize your acquisition of the TV. That is, you could borrow $400 by buying the TV on installment payments with a $100 down payment, and now you have a TV.

    Or do you?

    Actually, the bank (or the store) owns a TV. You may have custody of a TV set, but you don’t own a TV set. You owe a debt. You have promised to work tomorrow to cover the expense of the television. You don’t own the TV until you pay it off.

    This is all fine and well up until you lose your job. Now the bank comes after you and wants the TV back, plus whatever deficiency there is on reselling the TV set to cover your debt. You suddenly discover, much to your chagrin, that you never owned it at all.

    This all sounds pretty ordinary, except that the economic effect of financializing that transaction isn’t, in fact, ordinary at all.

    See, in economics there is this thing called “supply and demand.” The more demand there is for something with a given supply, the higher the price tends to be. In ordinary times a gallon jug of drinking water in a store is a dollar, and from the tap it costs so little we don’t ordinarily put a price on it. Yet if there was just a hurricane, and there is no fresh water available, what would the price of that same gallon be? Ah, now we have much demand and very short supply, and as such the price will be quite dear. Perhaps the price of that water might be several gallons of gasoline (for the seller’s generator, of course.)

    So what has happened to our economy over the last three decades?

    In short, things that never should have been became financialized. And as the goods and services became financialized, demand was shifted upward – people were made “able” to allegedly “buy” things they could not otherwise afford. The expected response in the marketplace to such a thing, predicted by basic economics, was that prices would rise.

    Prices, in fact, did exactly what you’d expect.

    If you’re wondering why you can’t afford to pay for college by flipping burgers or pizzas in your off hours, this is the reason. It was precisely the distortion of the government making student loan debt non-dischargeable, which made it available to almost everyone at a “low interest rate”, that drove up the price of college educations to the moon. And to the moon they went – up 450% since the 1980s, more than five times as much as average salaries increased.

    How about houses? A middle-class house in 1960 sold for $12,000. It had three bedrooms, one bath, a living room and an eat-in kitchen. The walls were plaster (not drywall) and it was of generally-stout construction. The average family income in 1960 was $6,691 or about 1/2 of the price of a house. The average family size was just over 3 persons and about 32% of women were in the workforce; the remainder typically stayed home and raised the kids. That wasn’t so hard to do when you could buy a house at twice the average income.

    What happened when we financialized houses? Prices went up. A lot. They went up much faster than did incomes. First to 3x incomes, and in some parts of the nation in the 2000s they went to utterly ridiculous multiples, like 5, 6 even 10x. How? Nobody ever really actually owned the damn house; the bank owned it and you were turned into a financial slave!

    How about cellphones? Oh, they’re cheap; we didn’t financialize those, did we? The really nice ones are $199 at the store. Uh, no they’re not. Ever notice that the price of the service is twice that of prepaid? Why do you think that is? That’s simple – the difference between $100/month and $50/month is, well, $600/year. Oh, and that was a two-year contract you signed, so that $500 cell phone that you got such a “deal” on at $199 actually cost you nearly $1,500. That’s right – that nice “smartphone” was financialized and you’re paying three times as much for it as a consequence, rather than buying it right now for cash on a prepaid plan..

    How about medical care? In the 1960s your parents wrote a check to the doctor. If it was really serious they probably had insurance; they got billed and then filed a claim. Bankruptcy due to medical costs was extremely rare, and you could almost always afford whatever you needed medical attention for by paying with the money in your wallet.

    How about now? Well gee, you’ve got copays and prescriptions are cheap, right? The doctor costs $20 to see and the ‘script he writes is another $10, and you think this is great. Uh, not so fast kemosabe. Ever get laid off? Ever hear of a thing called Cobra? COBRA is a law that says that your employer has to allow you to continue your health insurance once you get fired or are laid off for a period of time. There’s only one catch – you have to pay the entire amount of the health insurance premium yourself. The employer is permitted a 1% (yes, really) mark-up for the service of handling your check.

    I cannot tell you how many times someone quit or was fired at my company, got the COBRA paperwork and proceeded to call me and scream that I was screwing them because to keep their “health insurance” they were going to have to fork up $800 a month. That’s $9,600 a year, incidentally, and this was in the 1990s. They always accused me of ripping them off, never mind that it was black-letter law under penalty of prosecution that I could only charge 1% for handling the money and otherwise had to bill them at exactly what the insurance company billed us! No, you don’t have “free” (or even reasonably-priced) health care folks. It’s insanely expensive, and why? Because again we financialized it. Those who have a demand for health care now can (by law) always receive it – it’s effectively the ability to write your own infinite leverage on health services. What has happened to the price? It’s gone to the moon and as a consequence nobody can reasonably afford to show up in a hospital any more for even the most-routine emergency without being bankrupted if they do not have insurance.

    Now it is absolutely true that we have treatments and other medical “miracles” that we didn’t 20 or 30 years ago. But that we can do a thing on a technical basis doesn’t mean we can afford to do that thing. We can put a man on the moon, but we can’t afford for everyone to take that flight.

    By the way, you don’t happen to think that all this financialization was an accident, do you? Of course not. Shifting the supply and demand curve means there’s more money to be had from the transaction.

    Where do you think that money went?

    Why, right in the pockets of JP Morgan, Goldman Sachs, Morgan Stanley, Citibank, Bank of America and yes, the bank on the corner. I’m sure you’ve noticed that bank buildings tend to be quite nice. Grand exteriors, high-rise buildings in the middle of cities (very, very expensive real estate), fabulous lobbies with marble floors and other similar visible elements of opulence. Where do you think all the money came from to buy that stuff? Why, from you – the rube standing there in the lobby! Never mind the bankster’s bonuses!

    Was this all the “free market” at work? Absolutely not! Student loan debt was given “special status” and cannot be discharged in bankruptcy. Fannie Mae and Freddie Mac massively distorted the housing market. Medical insurance companies are exempt from anti-trust laws, and drug makers were given the ability to legally prohibit you from doing what you’d like with what you own (specifically, reselling things you purchased and paid for.)

    All of this distortion in the market occurred due to the direct acts of government acting at the behest of fat cat banksters and industry insiders, using the threat of force to strip your wealth.

    Every morning in the financial media we hear about how horrible it will be if we put a stop to this financial rape and the financial system’s size and influence shrink dramatically!

    So let’s talk about the distortions and what removing them will do for a minute or two, shall we?

    If we get rid of financialization in the above things, what happens?

    Well, we’re told that if we cut out the student loan programs, for example, that nobody would be able to afford to go to college.

    Is this really true?

    Of course it’s not true. You’re not dumb enough to believe that tripe out of the mouthpiece at your college or on CNBC, are you? The college wants you to believe that, and so do the banks. But what happens if tomorrow all the “free money” loans stop? Now the college has empty classrooms because nobody comes any more. Students can’t afford to attend, so they don’t.

    What happens the next morning at that college?

    Oh that’s simple: See, it doesn’t cost much to provide a few desks, chairs, and a roof over head along with a calculus book, does it? Nor does an instructor cost that much when spread across a student body. Let’s see how cheaply a college can educate you, if they’re unable to extract from you promises from the future and must instead talk you into providing them with economic surplus from your current efforts.

    Let’s assume for a minute that there are 30 Calculus students in this college class and five instructional hours in a day, so we can serve 150 students in one room. Figure the room is 1,000 square feet, which is more than sufficient (5×5 per student * 30 students plus room for the chalkboard, desk at the front and free space to move around; a 25×40 space should be more than sufficient.) A buck-a-foot a month ($12/year/foot) is certainly doable in most areas if you’re looking for usable space, not gilded BS. Four months is one term, so this is $4,000 for the space. Figure another grand for the rental on the chairs and desks and we’re up to $5,000.

    We have 150 students so the facility costs them $33 each for this class. What’s the professor cost? We’ll pay him $100,000 a year; we’re not pigs and this is Calculus, a typical “first year” college class, not a grad school thing. He therefore makes $33,000 teaching class for this semester (four months.) That’s $220. We’re now at $250 per student for a four hour per week class, or about $60/credit hour. Note that the professor is teaching four days in the classroom and has one for office work and grading; he works a five-day week of five hour days. Not a bad gig if you ask me.

    If the average student’s full load is 15 semester-hours tuition is $900 per semester to cover costs.

    Guess what – in the late 1970s and early 1980s it wasn’t that much more than that. I remember paying it.

    It doesn’t have to be today either. It is because it can be. Because you can pay due to the financialization, even though you’re not really paying — your promising to pay tomorrow — prices have gone to the moon. Supply and demand were distorted, you got screwed and the banksters skimmed off the extra money, along with the college administrators. Oh, and neither of them were honest with you about what happened either.

    The important point here is that if we cut off the financialization of college you will still get an education. The schools will scream and many will go bankrupt, but soon on the same ground where there was a bankrupt college there will be a new one, and this one will charge $2,000 a semester to attend instead of $10,000 or $20,000. The difference? You’ll have to pay cash, but you’ll be able to work a part-time job for the two grand and thus you’ll have no debt!

    Who wins? You do. Who loses? The fat cat college administrators with their half-million dollar salaries and the banksters who can’t hold your college loans over your head and threaten you with wage garnishments until you’re 80!

    Houses are no different and neither is medical care. The screaming about how “nobody will be able to go to the doctor” or “nobody will be able to buy a house” is a lie. The doctor can set his fee at $100,000 for his services if he wants but if nobody can or will pay him $100,000 then he sells no service. That doctor goes bankrupt immediately, soon there will be a different doctor (or maybe the same one after he goes through bankruptcy) and suddenly medical care will be much-more reasonably priced! After all, if nobody can buy then the seller can’t make a living either, can he? Prices will be forced down to what the ordinary person can afford to pay.

    When it comes to drugs and devices its even worse. Our government allows blatant price-fixing. Viagra is 10% of the cost per pill in America just a few miles away in Canada. It’s illegal, however, for you to re-import it from Canada back into the US. Why?

    Simple: Canada’s single-payer health system won’t pay more than $2 for the pill. The manufacturer wants to sell them, so they do. They make a profit. But only on the “copy” of the pill – there’s no profit for the R&D in that price. So who gets to pay for the R&D of virtually every drug and device in the medical world today? You do, and it’s literally forced upon you at gunpoint because our government prohibits under penalty of law people from selling that which they first bought and paid for!

    There is no way that such a price disparity would hold for more than 10 minutes were these laws to be dropped. You get screwed on your prescriptions and devices you buy intentionally by our government through their protection of these industries. You get financially raped so that everyone in the world can enjoy our medical technology at the mere reproduction cost and the banksters and drug companies can get rich. It’s an outrage and again, it happens due to financialization of the medical industry and the force of government coercion, NOT the free market.

    Here’s the question when you get down to it: Do you want to fix this or not?

    If you do then the demand is not for “single-payer health care” or “free college educations” or “debt forgiveness.”

    Those demands, if you succeed in obtaining them, will make the problem worse. You will become more of a slave through those demands, not less.

    The demand you must issue is that all the special protections that are currently afforded by government are to be dropped. The government props under home lending are taken away. The government mandates that people be treated medically irrespective of ability to pay and are able to cost-shift their care to others go away. The non-dischargable nature of student loan debt goes away. And government protection prohibiting the resale of anything someone owns that is legitimate (e.g. a truck load of Viagra) goes away.

    Now, if you are a student with a lot of debt, you can file for bankruptcy. Sure, your credit gets trashed if you file bankruptcy (and it should as you did foolishly take the loan) but the entity who loaned the money foolishly with not a care in the world if you could actually pay loses their money! They will immediately, of course, stop making foolish loans — like lending kids $75,000 to study history. The price of college educations will immediately fall back in line with ability to pay via a part-time job just as it was for more than a hundred years before we financialized college educations.

    Without Fannie, Freddie, FHA and similar, along with demanding that before you foreclose you must be able to show actual transfer and ownership of the note house prices will collapse. Yes, you’ll need a lot of money for a down payment in percentage terms, but this is good, not bad. The average home price will be $100,000 or less against an average household income of $50,000, not $200,000, $300,000 or more. You’ll have to save $20,000 before you can buy, but that’s ok too. You’ll have immediate equity and you won’t be so far in debt. If you want to buy a house you’d like prices to be low, not high, right? House prices will return to where they were in relationship to incomes before we financialized them, and you will be able to buy a house!

    Without the ability to cost-shift medical care, drugs and devices the price of this care will collapse. Some advanced technologies will become rare and remain expensive, simply because they are technically very difficult and thus do have an actual high cost. Most people will not be able to afford these medical technologies. But routine and expected medical care will become much cheaper, simply because it has to in order for the doctor, hospital and drug company to remain in business! You will still be able to go see the doctor, your broken leg will still get set, and most medical care and procedures will remain available for far less than is currently charged, simply because the firms and people involved in providing it want to continue to have jobs and as such they must charge what can be paid from your personal economic surplus, not your ability to demand that an “infinite source” of money cover the bill.

    You can’t fix this any other way folks. I am well-aware that this goes against the grain of “I need it right damn now” that has imbued our society, but mathematics simply doesn’t care about whether you agree or disagree. It just is.

    We can de-fang the banksters. It’s not even particularly difficult to do. The hard part is understanding that you’re not screwing yourself by taking this step and you won’t lose. Oh the banksters, the universities, the doctors and the Realtors will all lie to you and claim you’ll never go to college, you’ll never see a doctor and you’ll never own a house, but the fact is that they’re all lying. The fact of the matter is that supply and demand governed the ramp in prices of all three of these categories of goods and services, and when demand collapses that very same economic law will govern the price collapse too!

    You can bet the banksters, universities, medical societies and housing industry insiders know this, and they’re scared. They know that if you figure it out their income is cut in half or more. They are returned to middle-class working people rather than the fat cat status they enjoy today. Doctors, college professors, home builders, bankers and Realtors used to be middle-class citizens, not gold-clad elites driving around in Lamborghinis and living in mansions!

    What’s worse (to them) is that if you succeed in breaking the back of financialization these people will lose the ability to enslave you. You will have returned to yourself the power to choose when you work, how hard you work, and what you do with your own economic surplus, instead of having pledged it to the bank to buy the car, the bank to buy the house, and the insurance company in the event you get sick.

    More importantly than your personal interest in this is that as a society we’ve reached the limits of the ability to financialize our lives. That’s why the markets, housing and economy crashed in 2007. We had used financial leverage to live beyond our means for the previous decade but in fact the imbalances and intentional distortions in the market date back to 1980. There has not been one three month period where we have not abused leverage and financialization since that time. Not one.

    This is the choice we have before us.

    We did not find ourselves here because of the “free market.” We are here because the rich and powerful demanded special protections from government that allowed them to enslave you, they enticed you into taking that first hit off the crack pipe of cheap money, and then once you were hooked good they used the jackboot of the government to screw you through changes in the law and special protections for themselves so that you could not easily escape.

    The solution is not to demand “free stuff” or “fairness.”

    The only solution is to remove the excess leverage from the economy – to get rid of the debt that has been accumulated and force recognition of the fact that not only are many people bankrupt but the financial institutions are as well. Only when the balance sheets on both sides are cleared can the economy recover.

    This is the choice we face ladies and gentlemen. We can either demand changes that are mathematically sustainable or we will fail at our goal and the spiral you’re seeing right now in Greece will come here.

  53. In other words, stop spending on crap and leveraging yourself up to the hilt on crap you’ll never use, keep your cell phone for 4 years, dont run out and buy new tech because ads tell you too, dont buy food you aint gonna eat and oh, that thing your friends buy and you want, dont worry, it’ll be repo’ed in a month anyway because they were stupid enough to shell thousands for something they didnt need.

    Save money for once in your life.

  54. Democrats scared of what exactly?

    Democrats Introduce Bill to Seal Up Obama’s Presidential Records

    According to Judicial Watch, Rep. Edolphous Towns (D-NY) has introduced the Presidential Records Act Amendments of 2011. That bill would do with Obama’s presidential records what Obama has already done to his personal and collegiate records: Seal them up.

    In an obvious effort to protect President Barack Obama, a group of congressional Democrats has introduced legislation to create an official process that will allow the commander-in-chief to keep presidential records secret after he leaves office.

    Ironically, Obama revoked a similar George W. Bush order in one of his first official acts as president. In 2001 Bush penned an executive order severely limiting public access to his presidential records. Shortly after swearing in, Obama killed it as part of his much-ballyhooed commitment to government transparency. At the time, the new president claimed that he was giving the American people greater access to “historic documents.”

    If the Democrats’ proposed measure (Presidential Records Act Amendments of 2011) becomes law, former presidents will be allowed to assert a new “constitutionally based privilege” against disclosing records of their liking. Here is how it would work; the Archivist of the United States would be required to notify the former president, as well as the incumbent, of intentions to make records public. Anything that either the former or current president claims should be kept private won’t be released.

    The veteran Brooklyn congressman (Edolphus Towns) who recently introduced the law in the U.S. House has yet to explain why it’s necessary.

    This looks like a sign of surrender to me. Why seal up Obama’s records now, if you think he’s strong to get re-elected next year?

    And, how many Solyndras and executive directives to punish various enemies may be lurking in those records?

  55. Another mal-appropriation of taxpayer dollars- for special interests-

    US OKs $196.5M for high-speed Chicago-Detroit rail

    KALAMAZOO, Mich. (AP) — The U.S. Department of Transportation has approved $196.5 million for part of a high-speed Amtrak passenger rail link between Chicago and Detroit, Michigan U.S. Sens. Carl Levin and Debbie Stabenow said Wednesday.

    The funds now being obligated cover work from Kalamazoo in western Michigan to Dearborn in suburban Detroit, the Democratic lawmakers said.

    The grant to the Michigan Department of Transportation will cover track and signal improvements.

    “This is an important investment that will reduce travel time, improve reliability and on-time performance, and attract more passengers,” Transportation Secretary Ray LaHood said in a statement. “We are creating jobs in Michigan, building our rails with American-made materials and growing the regional economy.”

    Officials say the rail line improvements will allow trains to reach110 miles per hour on 135 miles of the route. The Transportation Department says that will shave 30 minutes off travel on Amtrak’s Wolverine and Blue Water services between Detroit and Chicago. The line runs through Illinois, Indiana and Michigan.

    “This effort will not only boost our economy, it will provide residents with more transportation options,” said Stabenow. “With gas prices as high as they are it is critically important that travelers have more choices in addition to driving.”,0,6690857.story

  56. Nearly Half of U.S. Lives in Household Receiving Government Benefit

    Families were more dependent on government programs than ever last year.

    Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data. Those numbers have risen since the middle of the recession when 44.4% lived households receiving benefits in the third quarter of 2008.

    The share of people relying on government benefits has reached a historic high, in large part from the deep recession and meager recovery, but also because of the expansion of government programs over the years. (See a timeline on the history of government benefits programs here.)

    Means-tested programs, designed to help the needy, accounted for the largest share of recipients last year. Some 34.2% of Americans lived in a household that received benefits such as food stamps, subsidized housing, cash welfare or Medicaid (the federal-state health care program for the poor).

    Another 14.5% lived in homes where someone was on Medicare (the health care program for the elderly). Nearly 16% lived in households receiving Social Security.

    High unemployment and increased reliance on government programs has also shrunk the nation’s share of taxpayers. Some 46.4% of households will pay no federal income tax this year, according to the nonpartisan Tax Policy Center. That’s up from 39.9% in 2007, the year the recession began.

    Most of those households will still be hit by payroll taxes. Just 18.1% of households pay neither payroll nor federal income taxes and they are predominantly the nation’s elderly and poorest families.

    The tandem rise in government-benefits recipients and fall in taxpayers has been cause for alarm among some policymakers and presidential hopefuls.

    Benefits programs have come under closer scrutiny as policymakers attempt to tame the federal government’s budget deficit. President Barack Obama and members of Congress considered changes to Social Security and Medicare as part of a grand bargain (that ultimately fell apart) to raise the debt ceiling earlier this year. Cuts to such programs could emerge again from the so-called “super committee,” tasked with releasing a plan to rein in the deficit.

    Republican presidential hopefuls, meanwhile, have latched onto the fact that nearly half of households pay no federal income tax, saying too many Americans aren’t paying their fair share.

    UPDATE: Nearly half of the population lives in a household that has at least one member who receives some kind of government benefit. An earlier headline incorrectly suggested that half of American households receive some government benefit. Due to differences in household size that isn’t the case.

  57. Mrs. Smith: Nearly Half of U.S. Lives in Household Receiving Government Benefit
    Oh. Like Uncle and Auntie what’s their names up in MA?
    Must admit to personally feeling a vacuum now that both Christie and Sarah are out, but I will enjoy Sarah’s valor in promoting patriotism. I mention that particularly because I visited my hometown the other day and caught up with the news there. It includes this deplorable and absolutely true situation at a local school: there came to be some type of logistics issues concerning the homeroom period and hence the flag salute. Part of the solution was to have the flag salute done in the hall. There is some sort of audible signal invoked. At that moment, the students stand still, and look for a flag. The flag may be mounted on a classroom door, or it may be held by a teacher standing nearby. The Pledge is recited, and their day continues.

    It won’t be difficult to find reasons to drop a procedure like that in the near future, will it?

  58. holdthemaccountable
    October 6th, 2011 at 7:12 am

    There seems to be a subtle yet concerted effort by politicos to erase everything American. It filters down from the local Mayors to the rivulets governed by principals of local school systems. The Founding Fathers must be spinning… and in tears-

    As a reminder of the country we once knew and experienced- this video is a great remembrance:

  59. Canada’s single-payer health system won’t pay more than $2 for the pill.
    “single-payer health care” [….] will make the problem worse.


    Except that Canada’s single payer system can use mass purchasing to get a cheaper price than $2 for the pill. So could our Medicare — if Obama hadn’t rolled over on that.

    The writer has a point about housing prices though.

  60. The most popular and respected woman in the world is the source of concerns from two-bit political hacks trying to hit the big time as they run for the WH.They realize that they do not have a chance for a seat on the gravy-train because Hillary will run and win.Take a look at how she is respected and praised by sincere and peace -minded world leaders and diplomats.

    Hillary Rodham Clinton
    Secretary of StateU.S. Embassy

    Santo Domingo, Dominican Republic

    October 5, 2011

    AMBASSADOR YZAGUIRRE: (In Spanish.) Ladies and gentlemen, it’s my honor and pleasure to introduce a very special person to you and to the folks in the media. I had the pleasure of meeting her a long time ago. I won’t tell you how long ago, but I met her in leisure suit, so that gives you an idea of how long ago it was. (Laughter.)
    Our country has been fortunate to have very distinguished, very smart, very capable Secretaries of State. At hard times and difficult times and during emergencies, we’ve been blessed with enormous talent and dedication. And we’re going through those kinds of challenges today around the world, whether it’s in the Middle East, whether it’s in Latin America, whether it’s our competition with former allies, and trade issues. The world is much more complicated than it ever has before. But I can tell you with all honesty that we are blessed to have a person who understands those issues, who has the stamina – and I know that – about that because we’ve worked together, we’ve travelled the country together – the stamina to deal with those issues and make us all very proud. Ladies and gentlemen I give to you the Secretary of State, Hillary Rodham Clinton. (Applause.)
    SECRETARY CLINTON: Thank you (inaudible). Thank you as always. Hello, everyone. How are you tonight?
    Good. Well, I am delighted to be here and I thank you for bringing all of the young people here. And I wanted to come and thank you all once again for everything that you do every day on behalf of this important relationship.
    And Raul is too much of a gentleman, but we met each other 39 years ago. I was a kindergarten student; he was a student teacher. (Laughter.) But he has been a wonderful friend. He, along with Audrey and their family, are really people who I have such great affection for and admiration for. And I’m so grateful that they were willing to accept the President’s offer to serve our country here in the Dominican Republic. I also want to thank your DCM Chris Lambert for all that he is doing on behalf of this extraordinary team. Embassy Santo Domingo is being well-regarded because you’re getting results in many areas that we care about.

  61. As a follow-up Time to alert a waste management crew
    and clean up the mess and get it ready for our next POTUs HILLARY RODHAM CLINTON

  62. Nearly half of the population lives in a household that has at least one member who receives some kind of government benefit. An earlier headline incorrectly suggested that half of American households receive some government benefit. Due to differences in household size that isn’t the case.


    Social Security is not a “government benefit”. It is a pension plan where each worker draws on the money he himself paid in (plus the interest it has earned, currently a large surplus).

    Also the WSJ is cherrypicking its statistics by switching between talking about households and about individuals. And what smaller ‘benefits’ may be included in their count, to contaminate a whole ‘household’?

  63. turndownobama
    October 6th, 2011 at 9:03 am

    Social Security is social INSURANCE rather than a pension. Wiki entry for social insurance:
    Social insurance is any government-sponsored program with the following four characteristics:
    1. The benefits, eligibility requirements and other aspects of the program are defined by statute
    2. Explicit provision is made to account for the income and expenses (often through a trust fund)
    3. It is funded by taxes or premiums paid by (or on behalf of) participants (although additional sources of funding may be provided as well)
    4. The program serves a defined population, and participation is either compulsory or the program is heavily enough subsidized that most eligible individuals choose to participate.[1]

    Social insurance has also been defined as a program where risks are transferred to and pooled by an organization, often governmental, that is legally required to provide certain benefits.

    So Social Security checks are insurance checks. Government wants to make it sound like it’s a gimme. It isn’t. It is like any kind of insurance. You pay your premiums and if you meet the claims criteria you get a check. If you do not live long enough you get nada. It is not an entitlement, benefit or anything else pols want to call it. It is insurance.


    President Obama today will push Congress to act on his jobs plan and credit Senate Democrats for taking action on jobs, according to a senior administration official.

    The president is also likely to endorse a “millionaire’s surtax” — a rate increase on those earning $1 million or more.

    Obama will speak live at 11 a.m. ET. Join CNN’s Wolf Blitzer, Suzanne Malveaux and Gloria Borger on CNN TV and for full coverage.

    Watch live coverage now on

  65. Government wants to make it sound like it’s a gimme. It isn’t. It is like any kind of insurance. You pay your premiums and if you meet the claims criteria you get a check. If you do not live long enough you get nada. It is not an entitlement, benefit or anything else pols want to call it.


    You’re right on the current government misrepresenting SS as a gimme. They’re also trying to make ‘entitlement’ and ‘benefit’ into dirty words — when morally each worker IS entitled per his own payments. (As well as a technical definition of ‘entitlement’ as anything written into law.)

  66. The president is also likely to endorse a “millionaire’s surtax” — a rate increase on those earning $1 million or more.

    Obama will speak live


    Publically endorse then privately cancel.

  67. He’s so full of shit, The senate Dems wont vote on the bill, its totally laughable and if he thinks a rate increase on millionaires will do anything but decrease revenues then he’s an idiot.

    He’s walking into idiot territory.

  68. turndownobama
    October 6th, 2011 at 9:36 am
    …They’re also trying to make in‘entitlement’ and ‘benefit’ into dirty words…

    I totally agree with you, but entitlement and benefit have already been made into dirty words. That is why I suggest using “insurance check that I, or my late husband, or deceased father, etc” paid for. I paid for this asset and by statute and contract it is due. If the opposition demeans or switch language, do it right back to them.

  69. Mormaer 10:17

    In addition, the Legislative types are borrowing money from these designated monies and to my knowledge they don’t pay any fees or interest for using that money. The government retirement pot was used during the last government crisis.


    No accounting class I ever took indicated you could use designated money for anything other than its intention, as it was ILLEGAL. Maybe we should start filing suit against the American Government.

  70. If Perry tanks utterly in debates, then all bets are off. But I’ve seen Perry do much better in debates than he did. I honestly think that standing for 2 hours is giving him a problem with his recent back surgery. He didn’t look just befuddled, he looked in pain and possibly medicated.
    And this is who some of us want to be President of the United States? The repubs are in deep trouble in 2012 with these candidates.

  71. From today’s NY POST:

    “…That Bill Clinton will present Keith Richards with the Mailer Prize for Distinguished Biography at the Norman Mailer Center’s benefit at the Mandarin Oriental on Nov. 8 … “

  72. Whether or not SS is insurance is beside the point. SS has not been paid for for a long, long time. Ask an actual insurance actuarial expert about the numbers re: SS. No insurance program could be run the way SS is run – it would be bankrupt. You can’t pay out more than you take in forever.

    Saying “there is nothing wrong with it, it’s fine” is not going to help us save it. Math doesn’t care what you call it. Math just is. We are going to have to do something to make it solvent in the future.

    As for the trust fund fine, that’s a shell game. The bonds in that fund cannot be sold on the open market. They can only be sold back to (i.e. redeemed) by the govt itself. If account A goes in the red, so I write an IOU from account B to “fix” account A’s balance sheet, I am not in less debt than before. If I say that account A is now in the black, but I don’t subtract those IOU’s from account B when reporting account B’s balance, then all I have done is hide that obligation, not get rid of it.

    I wish it wasn’t so. But the fact that the math makes me sad doesn’t change the math. We are going to have to make some future changes, and will likely argue over what those changes are going to be – means testing, more taxes, future retirement age, etc. But we can’t even begin to discuss what we need to do if people stick their heads in the sand and stubbornly insist that there isn’t a problem, that it’s all just a lie by the big meanie republicans. It isn’t. I may not like all of their solutions, but the problem itself is not a lie.

  73. standing for 2 hours is giving him a problem with his recent back surgery. He didn’t look just befuddled, he looked in pain and possibly medicated.
    And this is who some of us want to be President of the United States?


    FDR governed for three terms in a wheel chair.

    Note Perry was recovering from RECENT surgery. I don’t like Perry, but let’s be fair.

  74. You can’t pay out more than you take in forever.


    SS took in a lot from the Boomers when they were working. When they retire, they will draw it and its interest back out.

    The smaller generation paying in, will need less when they retire and draw out.

    The fact the a former Congress borrowed from the SS trust fund does not affect the fact that SS is basically sound. The problem is getting Congress to pay back what they borrowed.

    If you think there is a longer range problem, other than getting Congress to replace the money it borrowed — what do you think the longrange problem is? Pls distinguish.

  75. I think that people demonizing the profit motive as bad in itself, and the cause of our problems, are idiots. Destroying capitalism and punishing profit-making, as many openly say they want to do, is not going to make us a better nation. We need to turn business loose in this country to pursue profit by making things and providing services, not by sucking up to the govt and tax-dodging.

    When you continually increase the govt’s power over the private sector, by piling on more and more regulations, subsidies, forms and permissions, byzantine tax laws (that some get exceptions to) etc, then you set up an environment where you make it more likely that our govt will be bought and paid for, not less likely. Profit-making always seeks advantage. If the only way to get competitive advantage is to court the rule-makers, then court the rule-makers they will. They will invest lots and lots and lots of money in bribing the liege lords so that their fields and estates are left alone. They will invest lots and lots and lots of money into lobbying, and accountants and smart lawyers to help them navigate the tax laws and work them to advantage. If “investing” in govt is more profitable than rolling out a new product, then that is what they will do.

    The thing is, railing against the profit motive is the wrong approach. The profit motive has always existed, and always will. You will never eradicate it – ever. We are going to HAVE to attack this from the govt end, with LESS got involvement, not more – counterintuitive as that sounds.

    Because the biggest reason that corporations buy governments is because governments have favor or disfavor to sell to them.

    Does that mean we just remove all constraints on business and let them run wild and defraud and cheat? Nope. But it does mean that we have few, simple, clear, and absolutely equal laws and regulations and taxes. No tinkering, no trying to decide from on high what industries are “important”, which ones “need help”, no special cases, no trying to address via a new regulation every 5 minutes every jot and tittle of any possible minor infraction by business, no deciding by committee that this kind of profit is good, and that kind is bad. Make the laws as few as possible and still prevent gross abuses, make them clear, and ENFORCE them across the board. Every business in this country, big or small, abides by the exact same laws and rules.

    Rallying to demand the govt take yet more action against the evil profit motive sounds good, but what usually ends up happening is that you create yet another area where govt has favor to sell. You are redirecting that profit motive (which never goes away) away from productive and competitive and job-creating activity, and toward more buying of favor.

    Again, I am not saying “no laws or regulations”. I’m not an extreme libertarian. But when decisions as to what direction your business goes, whether you expand, whether you hire, whether you invest in new products, have more to do with assessing what the govt is going to require than with any other factor, then you have set up the very thing you are railing against – an incentive to invest in courting favor with govt.

  76. I think that people demonizing the profit motive as bad in itself, and the cause of our problems, are idiots. Destroying capitalism and punishing profit-making, as many openly say they want to do


    Are you talking about OWS? How many OWS are actually saying this (as opposed to how many times it gets quoted by corporate media)?

    In any movement there are a few exaggerated statements that get attributed to the whole movement. “Obama is a Muslim Communist” etc. “No public sidewalks, make sidewalks like toll roads” etc.

    If you’re talking about single payer or public option health insurance vs HMOs or Obama/Romneycare, then some government ‘non-profit’ programs do seem to be working a lot better (Medicare, Canadian Medicare, Aus/NZ, etc).


    If the ration of CEO pay to workers is authentic. This Democracy is in BIG trouble, and I say LET THE CEO BAIL THE COUNTRY OUT. IN FACT THAT IS WHERE THEY SHOULD BORROW ALL THEIR MONEY. I assure you, they will not borrow that money from CEO’s without paying compensation.

    I am looking for a new country. 475/1 in American and the very next closests is 50/1 Venezuela, with the lowests Japan 11/1.

  78. Shadowfax
    October 6th, 2011 at 12:38 am

    When Myiq whatever the clown’s name was helping moderate The Confluence, he booted me off because I challenged something that she had written which, to me, showed a total lack of regard to those who were on the lower income scales. She was promoting something, which I currently don’t recall at this time, that would have adversely affected those who have little money. I believe it was something to do with the environment, perhaps Cap & Trade? Anyway, now that she is no longer gainly employed, it makes me wonder if she has had second thoughts with any of her previous positions. It’s a tough world out there, and I agree with what Hillary4Texas advocated in one of her posts… lessen government control and interference! Don’t increase it because that only makes things more expensive, and less conducive to business. Riverdaughter seemed to be the type of person that advocated a bigger role for government, and that is a BIG turnoff to me.

  79. The Bo presser – he was rambling, incoherent, took 10 minutes and more to answer questions, looked almost scared at one point but perked up enough at a couple of points to say :

    He has to “mobilize” the American people to complain to congress because congress (Republicans) wouldn’t listen to him and maybe they would listen to the people.

    He repeatedly singled out Boehner and O’Connell and said he was dealing with leaders who have stated their main goal was defeating him.

    And of course he said the country was in an emergency.

    He said he was campaigning because there was no constructive movement from congress but failed to point out the democrats will not take action on his bill, either.

    He really got PO’d when Bill Plante (surprisingly) of CBS asked him why he was focused on a bill that has no support.

    He said it looked like BO was campaigning, not negotiating.

    BO said he will campaign against congress as a do-nothing congress.

    Bo used the word “mobilize” several times. Mobilize? As in OWS? Many of us have worried about this possibility for months. Heck, even Bloomberg recently warned of riots and protests in NYC. This looks more and more like a deliberate attempt, sanctioned by Bloomberg, to try and start something really ugly in the U.S.

    Smart move to have it started by whites. But there’s is no way OWS is a spontaneous authentic grass-roots movement. There have been stories from Albany of people being bussed down to OWS. Who paid for that? Who set the thing in motion (besides Adbusters) with a July 17 announcement?

    I know of Albany County democrats who were also bussed to other states for protests during Wisconsin and during the 2008 (s)election. All expenses paid. You know, like during caucuses where HRC supporters were strongarmed?

  80. Right, Obama, you have publically now said it, lets hold you to it. You know he’s lying.

    Obama: Holder “Not Aware” Of What Was Happening With Fast And Furious

    “Now, with respect to Solyndra and Fast and Furious, you know, I think — you know, I have been very clear. That I have complete confidence in the Attorney General Holder in how he handles his office. He has been very aggressive in going after gunrunning and cash transactions that are going to these transnational drug cartels in Mexico. There has been a lot of cooperation between the United States and Mexico on this front. He’s indicated he was not aware of what was happening in Fast and Furious. Certainly I was not. And I think both he and i would have been very unhappy if somebody had suggested that guns were allowed to pass through that could have been prevented by the United States of America,” President Obama said at a news conference on Thursday.

    “He’s assigned an Inspector General to look into how exactly this happened and I have complete confidence in him and I have complete confidence in the process to figure out who in fact was responsible for that decision and how it got made,” Obama added.

  81. Did he publically just threaten senators.

    Obama warns “any senator who’s thinking about voting against this jobs bill.”


    “Any,” BTW, includes several Democrats, at this moment.

  82. The cheek…..

    “Solydra… loan guarantee program that predates me…”

    er no, Bush turned it down, you made the loan.

  83. moononpluto,

    Yes, he not only warned senators but Republican leadership, especially Boehner and McConnell.

    He said if the congress doesn’t pass his jobs bill he will keep pushing and mobilize the American people and pass it piece by piece if necessary.

    This is so outrageous – he created the terrible conditions now facing Americans – he’s the one who bailed out Wall Street and the banks – and how he’s saying that Americans should turn on the very institutions which he enabled and which bankrolled his bid for POTUS.

    He obviously thinks Americans are a “bunch of ” (his favorite phrase) dithering fools and why wouldn’t he after they bought the smoke and mirrors big-Hollywood Production of hope and change. Remember when he bragged he could make the people believe anything he wanted?

    He may be right.

  84. On “Fast and furious,” Obama says he has complete confidence in Attorney-General Eric Holder and the DoJ’s investigation into the gun-running, but says he “would have been very unhappy” to have heard about it while it was running.


    really so you have no idea whats going on then, Holders going down it seems and Obama is just about to sell him down the river.

  85. Like I thought, I just found this comment from Riverdaughter in the link posted in the thread about her adventure at OWS. She prefers more government, not less. I PREFER smarter, leaner government with NO CORRUPTION.

    riverdaughter, on October 6, 2011 at 10:44 am said:
    Stay until more people come. That’s the key. You have to show up in large numbers, you have to remain calm and you have to stay. Are you content to have the Villagers tell the country what you want and what you think or are you willing to make that point yourself? Because they are going to keep saying you want deficit reduction, smaller government and entitlement reform. If that’s not what you want, you have to show up in great numbers and show other people that they are not alone. Fighting consensus reality takes a lot of people in many different places who are willing to stay to make their point and not leave until it is recognized.
    So, I hope they stay. I hope it gets bigger. I hope that New Yorkers demonstrate their resourcefulness by helping out in subtle and clever ways.
    Keep it going until the Very Serious People back down and shut the fuck up.
    And then stay one day longer

  86. the environment for small businesses is beyond oppressive. About a year ago I attended a funeral in the town where I grew up. I was heartbroken to see how much it had decayed. Couldn’t travel a block without seeing blight. No place for any child to develop. let alone thrive. So i got together with an attorney friend and we were/are pursuing buying a dilapidated building which had once been a furniture store and then a garage. Spent close to a year developing and creating a little thing which revamps/restores discarded electronics. hoped to employ 20-25 people. Attempted to use a non-traditional work schedule. Meaning er eill train you at no cost but you put in 40 hours/week. Tried to have a dollar an hour day care but as minimum wage is 7.25 and it can only be one “teacher” per 6 children a dollar an hour was a loss. Anyhow no delusions of making a cent on this venture and accept the loss for the property and renovations. But I am getting killed with permits and licensing fees. Absurd shit. Signs in bathroom that employees must wash hands. When the kitchen is open have to have some one on staff with a certificate from the health department. Must have thermometers in fridge(only reason i put in an expensive kitchen was so employees didn’t have to eat McDonalds every day) I also am not allowed to pay with credits for the local community college. Not legal for me to say after working for me for 90 days in lieu of a raise i am going to start a college find for you. nope can’t do it.

  87. Uh Oh. Issa is drip drip dripping more info out. He revealed the one memo, and then let Holder say that he had overlooked or not read that one memo.

    Breaking today:

    Senator Chuck Grassley and Congressman Darrell Issa today said that Attorney General Eric Holder received at least five weekly memos beginning in July 2010, including four weeks in a row, describing the ill-advised strategy known as Operation Fast and Furious. The memos were to Holder from Michael Walther, the director of the National Drug Intelligence Center.
    The memos specifically said that the straw buyers were “responsible for the purchase of 1500 firearms that were then supplied to Mexican drug trafficking cartels.”

    I think this was a bad day for POTUS to say he had complete confidence in Holder.

  88. It didn’t take long for Sen. Scott Brown’s naked centerfold in Cosmopolitan magazine to come up in his bid for reelection.

    Democratic frontrunner Elizabeth Warren took a shot at Mr. Brown this week, responding, “I kept my clothes on” when asked at a primary debate how she paid for college.

    “Thank God,” Mr. Brown said, when asked for a response on the Boston radio station WZLX.

    Mr. Brown, a Republican, has frequently defended his 1982 appearance in the magazine, where he posed nude to earn money for college.

    Drawing laughter from the disc jockeys, he added, “Whatever, let her throw stones, I did what I had to do. But not for having that opportunity, I never would have been able to pay for school and I probably wouldn’t have gone to school and I wouldn’t be talking to you, so whatever.”

  89. Boehner: Obama has given up on country to campaign

    House of Representatives Speaker John Boehner on Thursday said President Barack Obama has “given up on the country” to focus on his re-election rather than working with Republicans to boost the economy.

    “Mr. President, why have you given up on the country and decided to campaign full time instead of doing what the American people sent us all here to do?” Boehner said. “And that’s to find common ground to deal with the big challenges that face our economy and our country.”

    As Obama held a news conference in the White House a few blocks away, Boehner said the Democratic president had shown no leadership by holding rallies around the country to promote his $447 billion jobs bill rather than negotiating with Republicans to pass legislation that would bring down the 9.1 percent unemployment rate.

    “I’ve had my share of disappointments this year … but nothing has disappointed me more than what’s happened over the last five weeks — to watch the president of the United States give up on governing, give up on leading, and spend full time campaigning,” Boehner said at symposium.

    House Republicans have passed roughly a dozen bills as part of their job-creation agenda that would loosen pollution regulations and make it easier to drill for oil and gas domestically. The Democratic-controlled Senate has not taken up any of them for a vote.

    “I can’t tell you how dangerous our situation, our economy’s in and how dangerous the situation in Europe is,” Boehner said. “And yet the president, some 14 months before the election, throws in the towel and decides he’s going to spend all of his time out campaigning. We’re legislating, he’s campaigning. It’s very disappointing.”

  90. nomobama
    October 6th, 2011 at 12:43 pm

    They fold under pressure. She voted for Obama, and as Obama does with his faithful, she lost her job anyway! If you are not in the clique and open to group think; you’re out the door, as you soon found out.

  91. “I can’t tell you how dangerous our situation, our economy’s in and how dangerous the situation in Europe is,” Boehner said. “And yet the president, some 14 months before the election, throws in the towel and decides he’s going to spend all of his time out campaigning. We’re legislating, he’s campaigning. It’s very disappointing.”

    Boehner is sure to have Obama gift wrapped topped with a pretty bow delivered to the front door of the WH by Christmas. Chicago politicians are no match for seasoned Republicans like Boehner, Lindsey and Graham. Obama will think he is in need of a surgical facelift erasing his worn look from just one year of a Republican held House. When he looks in the mirror, he might be surprised to see he has been skinned alive by the masters of manipulation, pack his bags and RUN- taking the scowling Wicked Witch of the West with him.

  92. I am in a funk today too, but not over Sarah…

    Some days I need to distract myself from the all the crappy situations going on and recharge.

    Steve Jobs being gone hit me harder than I expected, maybe it was the straw that broke my spirit…?

  93. I am not going to say I am in a funk. If Obama’s minions are monitoring this or any site I visit. I want them to know I am going to support the hateful Nute, just so I can see how far Obama will go to avoid a debate with him and how the media will try to rig it.

    I am going to send Nute some money today.

  94. Betty, I would love to see Newt debate Obama. I don’t want Newt as POTUS, but he would shred Obama into tiny pieces in a debate. The man is sharp. 😀

  95. Well, the Cheeto boys just sent this email and are going to add their level of stupidity to the protest:

    Spare Change,

    Occupy Wall Street is spreading like wildfire. There are now supportive groups for the protests in over 250 communities in the United States and Canada.

    Almost wherever you live, there is an Occupy Wall Street group near you. Many of these groups have already started their own local protests, while the others are planning upcoming events.

    Daily Kos is joining with SEIU, the Service Employees International Union, to help grow this new movement of the 99%. We need to let the 1% know that we will no longer be silent in the face of the economic pain they continue to inflict on everyone else.

    Please, pledge to join an Occupy Wall Street group near you. After you sign, you will be redirected to a comprehensive list of local groups.

    Solidarity is beautiful,
    Chris Bowers
    Campaign Director, Daily Kos

  96. It is very curious to me that despite claims that this all has nothing to do with supporting Obama, there is NO ire or anger being directed at the current occupant of the WH whatsoever. Not on the signs, not in the chants of the organizers, nowhere.

    I’ve been watching (and sometimes participating in) demonstrations all my life. I never went to a single one where the president was strangely absent. Never. Not one. It is strange in the extreme.

    That more than anything smells like astroturf to me. To reference Holmes, it’s the dog that didn’t bark.

  97. HillaryforTexas
    October 6th, 2011 at 4:01 pm

    It is very curious to me that despite claims that this all has nothing to do with supporting Obama, there is NO ire or anger being directed at the current occupant of the WH whatsoever. Not on the signs, not in the chants of the organizers, nowhere.

    You got that right- these people are dupes and being played by the stealth arm of the Obama Camp. When you see VanJones checking in on the progress of Ad-attacks, soon you will see provocateurs instigating violence against the PD’s advocating rioting like they did in the UK..

    These people are expert (Bill Ayers and Dorn and Jarrett) and know exactly what they are doing and where they are taking these stupid people who couldn’t find their asses with both hands and a map. Sheep going to slaughter-

    That is when BO will call for Martial Law.. you can take that to the bank!

  98. BO has left the door wide open plus appropriating $20M for Pakistani refugees coming into the country bypassing passport checks and very little scrutiny from customs.. Maybe those Gunrunning AK-47s aren’t going to the Drug Cartels after all-

    PA fighters coming in armed with OUR guns through Mexico and not drug runners as we thought but PA fighters are the ones responsible for killing Border Patrol agents who found them out to silence them keeping the gig going until they are ready…

Comments are closed.