Ill be damned if "I" praise Ronald Reagan...............

http://www.consortiumnews.com/2008/012208.html

Dems cave again and squash Bill that wouldn't give Telcoms immunity. Here are the DINOS.

Bayh, Mikulski, Pryor, Salazar, McCaskill, Nelson (FL), Carper, Nelson (NE), Landrieu, Inouye, Johnson

Here is Edwards statement against Telcom amnesty and in support of filibuster.

Edwards Urges Senate Democrats To Filibuster FISA Bill
Jan 24, 2008 9:24 AM
     
Chapel Hill, North Carolina – Today, Senator John Edwards released the following statement urging Senate Democrats to filibuster the Foreign Intelligence Surveillance Act (FISA):

"In Washington today, telecom lobbyists have launched a full-court press to win retroactive immunity for their illegal eavesdropping on American citizens. Granting retroactive immunity will let corporate law-breakers off the hook and hamstring efforts to learn the truth about Bush's illegal spying program.

"It's time for Senate Democrats to show a little backbone and stand up to George W. Bush and the corporate lobbyists. They should do everything in their power -- including joining Senator Dodd's efforts to filibuster this legislation -- to stop retroactive immunity. The Constitution should not be for sale at any price."

69.

Indy Steve
Thu, 01/24/08

....
In this case the entire purpose of a stimulus is to inject NEW funds into the economy. They do this by borrowing and issuing T bills...
------

I understand "borrowing"...., something my grand-grand-... children will be expected to pay...

What is a "T bills"?

What is a "T bills"?
~~~~~~~~~~~~~~~~~~~~~~~~~

something China holds hundreds of billions of

5.

Phil Specht
Thu, 01/24/08

Reply to this

What is a "T bills"?
~~~~~~~~~~~~~~~~~~~~~~~~~

something China holds hundreds of billions of

--------------

lol,
So, how it is differ from borrowing?

lol,
So, how it is differ from borrowing?
----------

Aaahhh..., I know: you don't have to return it!?

Correct? Especially if good chunk of military bases are next to lender's border...lol.

Is that what "American's dream" is all about (sarcasm of course..., but painful)?

Howard and Jim are premiere here

T bills are Treasury bills and are pretty good investments, considering almost everything else is tanking.

T Bills have the backing of taxpayers, I don't think any form of government has survived a total default of their Treasury obligations but maybe some historian can correct me if I'm wrong.

T bills are what banks buy with their daily deposit totals.

The bfa is Dean country.

9.

Phil Specht
Thu, 01/24/08

T Bills have the backing of taxpayers,...
----------

Phil, it is "borrowing" anyway, in literal sense, isn't it?

Tangled web, or shady deal?

Bill Clinton gets 300,000 for first speech in Dubai.
He forms an investment Co. with the head honcho Sheik for the purposes of advising the sheik on his investments.
What does clinton know about investments that the Sheik obviously didn't already know about?.
the answer to that would be inside info bill gained as Pres.

Bill worked with the Sheik on the US. Ports deal, and it seems on the sale of other Commons.

Bill stands to gain $20M on the sale of his interests perpetuated by his wife's candidacy.

Should we not have some laws about ex-Pres. being in the employ of other governments after they leave office. Bill didn't waste any time cashing in, and selling us out.
ref: MSN search.

From the previous thread.

56.

Indy Steve
Thu, 01/24/08

Did you attend Notre Dame?

A recession is the medicine for letting inflationary forces be unchecked by the Fed because of the scoundrels that made bad paper out of predatory mortgages, and exposed the over-valued homes, necessitate lower interest rates than are prudent to correct.

my thinking is a mild recession would be the preferrable outcome to letting profitable corporations off the hook for the taxes they owe because they ripped off worker productivity gains

Here former

http://www.treasurydirect.gov/indiv/prod...

Everything you want to know about T Bills, which are investments

1.

Michael Ellis
Thu, 01/24/08


Ill be damned if "I" praise Ronald Reagan....
---------

Mike, read more carefully what was we (myself anyway) talking about up-thread (I guess, Obama too, btw, but for whatever reason backed away from it, for no porpoise, imo).

It WAS about ideas, principles which got him elected and even reelected "by inertia".
It WAS NOT about deeds, destructions he brought to the economy and to American people.

This "democracy"(the "reprepresentative" one, of course...lol) has very specific 2 properties:

a) to praise future President for nice words BEFORE election.
b) to blame him for the bad deeds AFTER election.

It's called "democracy in action"...lol.

16.

Denise
Thu, 01/24/08
------

Thanks.

 http://en.wikipedia.org/wiki/Notre_Dame_Stadium#.22Touchdown_Jesus.22

Go Irish!

SOME PLAGIARIZED PHRASES

(From Obama speeches)

- There's a "desperation for something differentnot based on ideology but on practical common sense." (Dukakis)
-
- What I'm offering is "not spin but straight talk." (Truman)
-
- "Change comes not from the top down but the bottom up." (Saul Alinsky)
-
- I will "challenge the special interests." (Reagan)
-
- "There is no problem we cannot solve, no destiny we cannot fulfill." (Kennedy, either one)
-
- "I have seen people of all kinds," black, white, Latino, men, women, straight gay, "you name it" yearning for change. (Jesse Jackson)
-
- "We will invest in you [money for college], and you will invest back in the United States of America [community service]." (Bill Clinton)
-
- "I will wake up every single day trying to figure out how to make your life a little better." ("Primary Colors")

15.

Phil Specht
Thu, 01/24/08

Reply to this

A recession is the medicine for letting inflationary forces be unchecked by the Fed because of the scoundrels that made bad paper out of predatory mortgages,...
----------

Phil..., try to find some time to listen/read Ron Paul (very carefully, of course, I'm sure you mustn't even able to do otherwise). You probably might like it. He is Economist with big "E".

All of the rest (guns, abortion, etc.) are easy fixable if there is no war.

Banks buy Fed funds too.

http://en.wikipedia.org/wiki/Federal_funds

20

Here is the proper credit reference and link to what HJ posted, and to be clear, the word plagarized appears no where in the article

http://www.counterpunch.org/

Yes but Fed Funds are not able to be purchased by individual investors. They are actually loans that are bought and sold between banks and the Federal Reserve system.

Ex banker here, 23 years in downtown Chicago

When I was in banking I did tranfers of IRA/Keogh accounts. It was interesting stuff. Folks would buy all kinds of things with pension plans. The hard assets were the most fun. I worked on audits too.

---

http://www.robinson.gsu.edu/marketing/Ce...

The Center for Mature Consumer Studies Research Report

11. National Studies of the Mature Market for Financial Services

Two national studies were designed to answer questions regarding the financial lifestyles and preferences of older adults. Twenty-seven hundred adults age 55 and over and another one thousand younger adults responded to mail surveys. Topics covered in this lengthy report include: preferences for selected financial services, sources of information, and methods of purchasing financial services; institutional-patronage preferences for a wide variety of financial services, including checking/savings accounts, CDs, money-market funds, government bonds and T-bills, stocks, IRA/Keogh, tax advice, financial planning, asset management, and insurance policies; reasons for patronizing financial institutions; use of credit cards; asset ownership and composition. The preceding behaviors are analyzed by asset composition and institutional-patronage preferences. Furthermore, the report contains information on preferences for using IRA/Keogh, pension and other types of investments to pay for post-retirement expenses. Attitudes toward home-equity loans as well as several reverse-mortgage plans are examined, and media preferences of older adults who prefer these services are reported. All these aspects of financial behavior are compared to those of younger adults and are analyzed by ten sociodemographic and lifestyle characteristics.

24.

Denise
Thu, 01/24/08


Me too. 11 or so years. Beverly Hills.

"letting profitable corporations off the hook for the taxes they owe because they ripped off worker productivity gains"

There's that sentence again. It really makes no sense.  How can the increased productivity of all workers in the economy be "ripped off."  It is like saying the comet orbits the sun because the cheese has mold.

The only time I was involved with that paper was an escrow for a farm that had the money in limbo while the title cleared and we agree someone should earn interest  on a half million dollars a day at a time, most people are more familiar with CDs the banks market and under 100,000 for the FDIC Insurance

I like the little electronic blips; there used to be days of float with my old paper milk check.

I have one adjustable mortgage tied to the Fed Rate and I'm hopinhg for another half point for my own good, but for the long term good I don't think the dollar should be allowed to sink any further. I just delivered 20,000 bushels of corn out of the bin for a $1 more than what I sold off the combine that wouldn't fit in the bin and that money is almost all due to the cheap dollar inflating export demand, fertilizer prices have gone right with it and we have some pretty impressive inflation going on right now in agriculture.

interest rates should be rising not falling

Banking in Beverly Hills must have been interesting.

For 10 years I worked in the domestic funds transfer department and the Fed Funds folks worked right in our department. Fun days those were, sans computers. Manually balancing millions of in and out transfers daily (we held 70% of the Chicago Merc and Board of Trade firms business) was quite a trip, considering most of us were under 30 at the time. Good ol' midwest work ethic, we have!

workers didn't get their historic share of productivity gains from the expansion in the last cycle compared to other expansions

they were ripped off 

Fed Funds are not purchased by Banks, they are loaned to the banks who loan them out to consumers and the spread between the rate they are charged by the central bank and that charged to the consumer is the gross profit margin for that transaction for the bank.  They repay the central bank with the payment from the customer and they keep the difference.

Fox, Fed Funds are NOT loaned out to consumers.

They are bought and sold between financial institutions to make sure those institutions keep their reserve levels in check and they make money on the overnight interest - or 3 day if it's over a weekend.

Unlees by consumers you mean other banks but that is not a good descripter. Typically the word consumer applies to the general public.

My friend at a Federal Savings bank is who described it to me as the grease on the wheels of finance so that transactions in large amounts are covered for periods from 1 to 3 days.  The bank charge the customers a rate higher than that charged by the fed.  That is why when the Fed lowers rates, you can't get that rate.  He says they typically make 1 to 2 percentage points higher in interest on these transaction than the feds funds rate.  But the money is loaned by the fed, not purchased.  This is not a financial instrument like a bond or treasury note that can be bought or sold.  Tha is my understanding.

33

Yes that is correct and what I posted pretty much up in post 24.

And customers are financial institutions not the general public.

And that is our banking lesson for the day!

Now can you name all 12 Fed districts without Googling? :)

20.

Huron John
Thu, 01/24/08

Reply to this

Huron, did you find those yourself or find them on a website? If on a website will you please provide a source and a link?

Annilow - see my post 23

I think Huron John thought it was an article about plagarism but in fact, it's not.

www.counterpunch.org

36.

I didn't claim it was an article about plagiarism, but the phrases are "borrowed"

I'll give it a shot

Boston, New York, Kansas City, Dallas, San Francisco,

oops, Miami, Chicago, Denver, Portland, Phoenix, Pittsburgh

Atlanta

CLEVELAND - Democrat Dennis Kucinich is abandoning his second, long-shot bid for the White House as he faces a tough fight to hold onto his other job - U.S. congressman.

In an interview with Cleveland's Plain Dealer, the six-term House member said he was quitting the race and would make a formal announcement on Friday.

"I will be announcing that I'm transiting out of the presidential campaign," Kucinich said. "I'm making that announcement tomorrow about a new direction."

Kucinich has received little support in his presidential bid; he got 1 percent of the vote in the New Hampshire primary and was shut out in the Iowa caucuses although he has a devoted following.

29.

Denise
Thu, 01/24/08

Beverly Hills was fun. I was in my mid to late 20's at the time and a newlywed. I started out in bankng in Indiana. My hubby was still in college and then he went to law school. There for awhile I thought he was going to be a professional student forever. We dated for over 9 years before we got married. I didn't want to marry a guy who didn't have a job. The folks I worked for in Beverly Hills were thrilled at the amount of work I did. I put in long hours. My hubby is an attorney so he even worked longer hours. We got out of all that after all the students loans were paid. We bought a house with some land to live on. LA is fun but it's just not what I call living. I'm a country girl. I grew up next to a river.

33.

Fox Mulder
Thu, 01/24/08

Yes, that is correct.

That is why larger depositors at banks and S&Ls get good rates. If they buy CDs and money markets with longer times of deposits the rates even get better. The first thing the Bank's CFO wants to know everyday are the totals of it's larger sustainable deposits. They buy up as much Fed Funds as possible but still need some cash on hand. All this depends on the day of week and time of the month. The more Fed Funds bought gives street cred to the financial institution. It make their quarterly and yearly reports look good and that makes their CEOs, Presidents, Boards of Directors and investors happy campers. They'll have lots of cigars and brandy to go around the board room table.

Sorry was away for a meeting - let me check your homework Fox :)

I think you're pretty darn close!

Boston, New York, Philadelphia Cleveland, Richmond,
Atlanta, Chicago, St. Louis, Minneapolis, KC, Dallas and good ol' San Francisco~

Close Fox and a very gallant try!

HJ, we all borrow phrases. Pretty hard not to given we have words that are commonly used among those who speak it.

I'm sure Howard was not the first to say "you have the power."

And I needed to point out that plagarism was not the crux of that article; it was something you decided to lift to use for some benefit I'm still not sure about.

Speak English, that is - or any language, for that matter.

New thread

http://www.blogforamerica.com/view/23625...

Let us all help Rep. Kucinich win back his seat. I wonder if the DCCC will be giving him their support.

Kucinich For Congress 2008!

GO Dennis GO!

---

...Kucinich, 61, is facing four challengers in the Democratic congressional primary March 4, and earlier this week he made an urgent appeal on his Web site for funds for his re-election. Rival Joe Cimperman has been critical of Kucinich for focusing too much time outside of his district while campaigning for president.

His decision comes a month after the death of his youngest brother, Perry Kucinich.

Kucinich said he will not endorse another Democrat in the primary.

Kucinich brought the same sense of idealism to his second run for president as he did in his first bid. He said he was entering the race again because the Democratic Party wasn't pushing hard enough to end the Iraq war. ...full article: http://news.yahoo.com/s/ap/20080124/ap_o...

To achieve credibility you need to also cite the speeches where you claim Obama plagerized those quotes. 

New thread.

Thanks for posting your document, Barry, although every comment on your post seems to be about something entirely unrelated to your posting.

 However, you have the link wrong.

 It's http://www.voteforjudges.org

NOT ".com"

Benjamin Iglar-Mobley, Oak Park DFA