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The PJ Tatler

by
Bryan Preston

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September 12, 2013 - 7:49 am

Pivot number 20, I believe. But I might have missed one or two.

The White House is signaling it wants to shift back to the economy after two weeks in which the Syrian crisis has dominated President Obama’s schedule and workload.

Obama will be “focusing” on issues related to the economy in the coming weeks, White House press secretary Jay Carney said Wednesday at his daily briefing.

He said the president wants to push forward with economic policies that the White House believes will grow the middle class.

Like destroying our health care? Swell.

For the first time ever, it might be beneficial for the U.S. to adopt a parliamentary system. After this disastrous summer, which included a pivot to jobs followed by a pivot to bombs, during which Putin used Edward Snowden to jerk Obama around while Obama managed to impose some gun control on Americans with the stroke of a pen, we could hold a vote of no confidence and elect ourselves a new leader. Just end this madness now. Almost anyone would be better than Obama. Just pick a random person out of the phone book.

Not going to happen, obviously.

As things stand, Obamacare is on course to wreck the health insurance system and we have a debt ceiling fight looming, which promises to be about as unifying as the Battle of Bull Run. We’ve started arming the “moderate” rebels in Syria, but Mother Jones took a look a just what constitutes a moderate in that part of the world. Remember the rebel who was caught on tape eating a Syrian soldier’s heart?

Moderate:

This spring, one militia leader affiliated with the FSA—his brigade has since been kicked out—was filmed eating a dead soldier’s heart. ”This stuff happens rarely, but it’s unfortunate,” Layman says. “With the guy who was eating a heart, he was part of a moderate faction…We work with Idriss and let him know that he needs to prevent these things.”

Well, that’s good to know.

MJ also found a situation not unlike the pre-Katrina New Orleans Police Department going on.

Charles Tiefer, a law professor at the University of Baltimore and a former commissioner for the Commission on Wartime Contracting in Iraq and Afghanistan, says that in war zones, “it’s in a commander’s interest to give exaggerated numbers. We often see situations where a commander starts out with, say, three brigades, and then drops to one brigade, and continues to faithfully give receipts for the other two missing units. We call them ‘ghost employees.’” He adds, “I think Syria is the Wild, Wild West as far as knowing who is doing what.”

By all means, let’s keep pumping weapons into those paranormal brigades.

Today’s young “moderate” Syrian rebel is tomorrow’s hardened veteran jihadist whose very survival makes him an almost mythical leader. He might even get designs on taking down a few American buildings.

Bryan Preston has been a leading conservative blogger and opinionator since founding his first blog in 2001. Bryan is a military veteran, worked for NASA, was a founding blogger and producer at Hot Air, was producer of the Laura Ingraham Show and, most recently before joining PJM, was Communications Director of the Republican Party of Texas.

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Top Rated Comments   
Sorry, pal: the Russians will not take him. They are not FOOLS LIKE THE U.S. ELECTORATE!
50 weeks ago
50 weeks ago Link To Comment
"He said the president wants to push forward with economic policies that the White House believes will grow the middle class."

This dimwit could't grow weeds with ten tons of seeds and the boatload of fertilizer from inside his skull. Do us a favor and just play golf for the next 3 and a half years, will you stupid? Better yet, defect to Russia... it'll level the playing field if Putin has a big dumb rock like you around his neck.
50 weeks ago
50 weeks ago Link To Comment
"He said the president wants to push forward with economic policies that the White House believes will grow the middle class."

The only things that are growing under this administration are poverty, dependence, and debt.
50 weeks ago
50 weeks ago Link To Comment
All Comments   (21)
All Comments   (21)
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Grace. I see what you mean... Billy`s st0ry is surprising... I just bought a top of the range Chevrolet Corvette since getting a cheque for $5545 this last 5 weeks and would you believe, ten/k this past-munth. it's definitly the most rewarding Ive had. I started this 6 months ago and straight away was making more than $81.. p/h. great post to read http://www.wep6.com
Go to website and click Home tab for more details.
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49 weeks ago
49 weeks ago Link To Comment
When do we begin to use all this energy beating a stinking dead horse (aka the Obama presidency) for other than singing to the choir ? It's all been said over and over again. He's incompetent, a liar, a thief and a fool.......we all know it. Now let's
start on a recovery and save both voices and toes.
49 weeks ago
49 weeks ago Link To Comment
All of this is pure Kabuki theatre 101, a bit long but worth the read. More "slush money" flowing around Washington DC.
According to President Bush’s Secretary of the Treasury Henry Paulsen (author of TARP I), what caused the 2007/08 financial collapse is going to happen again today…here are the reasons(funny, same ones today as in 2007).
First, mortgage finance behemoths Freddie Mac and Fannie Mae remain government entities and it's politically problematic for the government to shrink them to a manageable size since they're making considerable money(comment:everyone gets pay increases and bonuses there, too). Don’t forget, these two organizations packaged and sold lots and lots of worthless, securitized home loans, paper et al back in 2004-2005. Repeating the same MO, today..
Second, the “shadow banking system” is still a problem (anybody know, or hear, about this animal? Betcha your lawmaker does).
"More needs to be done" to:
1) fix repo securitized lending
2) more disclosure regarding the holdings of money market mutual funds.
Third, Mr. Paulson noted, there are too many financial regulators and they tend to engage in "dysfunctional" competition, which he described as "a big problem (read:Dodd-Frank and Barney Frank)."
Paulson added that Congress has tied the hands of both the Federal Reserve and Treasury Department in dealing with a future crisis. Bloomberg Businessweek reported that Paulson's Treasury in 2008 used its exchange stabilization fund (anybody know what these ESF people do? One financial guru has labeled this organization the world’s largest illegal ponzi scheme)to guarantee the assets of money market mutual funds, "a measure that prevented a run on those funds that would have crippled the financial system." The Treasury would not be permitted to do that today. SAY WHAT? ESF is doing the very same thing right this minute. WAKE-UP America!!! Washington DC Elites are screwing We The “little” People with their crony-capitalism. JEEZ!!!
In a look back at the crisis published in the Sept. 16-22 issue of Bloomberg Businessweek, Paulson discussed the Troubled Asset Relief Program (TARP).
Ever wonder why not one single financial organization’s executives hasn’t been prosecuted for their “shenanigans?”
Here’s Washington DC’s ELITEist answer:” "The capital program we designed to get out [of the crisis] and put capital into hundreds of banks very, very quickly and recapitalized the U.S. financial system, is a huge success. That money has come back, all that, plus $32 billion," Paulson told CNBC.” Anybody remember increased bank fees? Credit card phony charges? How’s about those increased ATM fees? There’s your $32 billion dollars…We The “Little” People paid for all this flim-flammery. Sorry, start saving your hard earned tax dollars “the collective” is most certainly coming after it.Pray. Amen. Remember: "follow the money!!"
49 weeks ago
49 weeks ago Link To Comment
Well, I think he should pivot back to something simple, like the Washington Redskins imbroglio. Apparently Redskins is such an ethnic slur to Indians requiring a name change to prevent hurt feelings among the American Indian movement. Surly the president of all the people could correct this injustice? I suggest the president have the New York Yankees change their name too, since Yankee is also an ethnic slur used by Hispanics to disparage WASPs from New England. And the Vikings (my high school's team name also) is a rather pejorative term celebrating the ruthless warrior culture of those marauding Norse men as they raped, robbed, and pillaged their way through Europe. If it were not for the brutish Vikings (my ancestors) modern Russia and all it's anti gay prejudices would not exist. And we need to ban the Mongols too, although it currently is only the name of an outlaw bike club, but you never know when it could be the pejorative name for a sports franchise. Surely everyone should be satisfied with the Hells Angels? Of course, the Harlem Black Skins would never be a naming issue for a basket ball team, although black is beautiful. Maybe the Washington Pigskins would be a better name, if it doesn't offend the Peta people?
50 weeks ago
50 weeks ago Link To Comment
I don't know what it will take to wipe that arrogant smirk from Obama's face.. He certainly doesn't have any lack of self esteem. I think a few years with a really strong president will return the U S to its leadership position Unfortunately all the former world leaders are in decline. The Democrats are probably happy about poorly informed voters but the Republicans should be very concerned
50 weeks ago
50 weeks ago Link To Comment
Hmmm...A parliamentary system?? Yikes. If you have a majority government, you get absolute rule (the "opposition" is utterly powerless, they have zero power to impede or slow down a prime minister). I suspect Obama would also very much appreciate a parliamentary system, in which he could issue his decrees and have them enacted, sans impediment. In most parliamentary systems you also do not have fixed terms, hence an Obama could rule for 10, 20, 40 years...yeah, not so great.
50 weeks ago
50 weeks ago Link To Comment
Wondering why "Housing News" and related reporting is hitting the news lately? A bit long but worth the read.
Anyone remember “subprime” loans? “NINJA” (No Income-No Job-Approved) loans? 3% and “No down payment loans?” And how about Lehmann Brothers, Citibank, Goldman Sachs, Countrywide, Bank of America et al? HUH? Well, guess what, these crony-capitalist’s are back at it again!!! Read on.
It’s been five years since Lehman Brothers filed for bankruptcy! Gave us “the Great Recession!” The financial greed still isn't tamed, says Alan Blinder, professor of economics and public affairs at Princeton University and former vice chairman of the Federal Reserve.
O.K.! What’s the difference between the Great Recession and Great Depression? Both resulted from years of "financial 1)greed, 2)power and 3)corruption”..with one major difference.
Great Depression, government gave rise to real forces of protection in the financial system such as:1) the Securities and Exchange Commission (SEC) and the 2)FDIC.
USA’s “Central Government's” response to today’s recent Great Recession was Dodd-Frank, a "weak" body of law that "seems to be withering on the regulatory vine."
"Far from being tamed, the financial beast has gotten its mojo back — and is winning. The people have forgotten — and are losing," writes Alan Blinder. Bad mortgages were a major contributor to the Great Recession, as Wall Street was able to package the toxic debt and sell it to investors. This toxic debt (moved it up-stream to Fannie Mae and Freddie Mac)who in turn sold this bogus paper to investors, hedge funds, derivatives and foreign governments.
Dodd-Frank aimed to discourage a replay with the "risk retention" rule, which requires issuers of asset-backed securities to retain at least 5 percent of the credit risk, keeping a little "skin in the game."
The legislation's co-author, former Rep. Barney Frank, D-Mass., described this as the bill's "most important" provision, The Washington Post reports. Now get this, there's a catch and Alan Blinder explains. "The 5 percent requirement does not apply to qualified residential mortgages!" Say what??? “A term lawmakers have been left to define.”
NOT GOOD ENOUGH! Some lawmakers objected!!! So, they proposed requiring 20 percent down payments for home purchases. The Housing Industry came literally unglued! WOW! Their lobbyists protested! Claimed it would unduly limit access to credit, killing USA’s housing recovery. Hundreds of members of Congress agreed. And in August, regulators backed down, The Post states.Dodd-Frank went into effect in 2010 and required a specific rule be written within 270 days,CRICKETS!!!! (Folks, that’s November 2011!)Alan Blinder writes,” this is systemic.”
He blames derivatives based on mortgages for turning the housing problem into a catastrophe and imposing huge losses on investors and financial firms(read:We The “little” People of all USA and bank customers). Dodd-Frank calls for measures to create safer, more transparent trading of these products, but "the law exempts the vast majority of derivatives." HUH????? Now HEAR THIS:The very same credit rating agencies that "blessed all this financial junk" (giving us G.W. Bush’s/Paulson’s TARPI) are still being hired and paid by the very same companies whose securities they rate, just as they were back when Lehman Brothers crashed giving us today’s“Great Recession!”.
And the Volcker rule, which bans proprietary trading by preventing banks from gambling with FDIC-insured funds has yet to be finalized. It's tied up with internal bureaucratic squabbles and pressure from the banking industry, Blinder says.
The next chairman of the Federal can set a better tone, he claims. But that person "must be prepared to move bureaucratic mountains, fend off hordes of lobbyists opposing financial reform and not bleed sympathy for Wall Street."
FAT CHANCE!!!! Watch the “Right hand!” “The Collective is thriving and expanding!” Pray. Amen
50 weeks ago
50 weeks ago Link To Comment
I have this recurring image in my head of Eddie Murphy in 48 Hours, in the redneck bar crashing shot glasses and whiskey bottles around with a big grin on his face, saying, "Let's see what we can f**k with next."
50 weeks ago
50 weeks ago Link To Comment
What would be a better image for the current administration? The keystone cops, the three stooges, or a team of circus clowns? I fear that none of them adequately capture the galactic level of incompetence and stooopid that is our current executive leadership.
50 weeks ago
50 weeks ago Link To Comment
No one ever made the mistake of giving the Three Stooges command of actual military personnel. President Stooge has already dramatically increased the number of soldiers killed in Afghanistan and of course there's Benghazi. His incompetence is very funny, with very tragic consequences.
50 weeks ago
50 weeks ago Link To Comment
Yeah, buddy: take refuge in the brilliantly run economy of yours. Those "hockey stick" unemployment figures are about to visit your @ss!
50 weeks ago
50 weeks ago Link To Comment
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