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26.Alan Grayson Petitioning Against Looming Supreme Court Campaign Finance Decision (www.huffingtonpost.com)
"Unlimited corporate spending on campaigns means the government is up for sale and that the law itself will be bought and sold. It would be political bribery on the largest scale imaginable.
This issue transcends partisan political arguments. We cannot have a government that is bought and paid for by huge multinational corporations. You must stop this."
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27.December Retail Sales Drop .3 Percent, 2009 Sales See Biggest Drop In 27 Years (www.huffingtonpost.com)
Jing jing jingling
dimes and quarters
instead of jobs and mortgages
Bung bung bungling
Makes an economic mortuary -
28.Giving corporations an outsized voice in elections (www.latimes.com)
"Corporations are pitching a bizarre product -- a radical vision of the 1st Amendment. It would give corporations rather than voters a central role in our electoral process by treating corporate political spending as protected speech."
USA surrenders to corporate (stateless) city states
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29.Corrupt China officials pocket 50 billion (www.breitbart.com)
In China they shoot them in the back of the head. In the west they are given posts in the government.
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30.The Other Plot to Wreck America (www.nytimes.com)
- At Citi, Weill built little more than a bloated gambling casino. As Paul Volcker, the regrettably powerless chairman of Obama’s Economic Recovery Advisory Board, said recently, there is not “one shred of neutral evidence” that any financial innovation of the past 20 years has led to economic growth. Citi, that “innovative” banking supermarket, destroyed far more wealth than Weill can or will ever give away."
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31.Venezuela devalues currency (www.ft.com)
China? Lower gas prices? Nah
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32.The Bankruptcy Decade: 10 Years of Failure (www.economiccrisisblog.com)
A graphic collapse.
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33.Consumer Credit in U.S. Drops Record $17.5 Billion in November (www.bloomberg.com)
Will the Fed and Geithner have to Ponzi more money into the market?
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34.Obama administration drops effort to end subsidies to large farms (www.agriculture.com)
Corporate farms get a pass (continued welfare)
"It's a huge disappointment," said Chuck Hassebrook, executive director of the Center for Rural Affairs in Lyons, Nebraska. "This was the centerpiece of candidate Barack Obama's policy."
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35.Russia decides to ban U.S. poultry imports (www.reuters.com)
Technical and health-related barriers have become a thorn in U.S.-Russia meat trade, increasing as Russia moves to boost its domestic meat production and decrease its reliance on imports.
Russia, which does not belong to the WTO, lowered its quota for U.S. poultry this year. But industry officials believe the chlorine issue will be worked out because Russia cannot yet produce enough to meet its needs.
The void will be filled with vodka.
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36.U.S. car ownership shifts into reverse (www.theglobeandmail.com)
No money no car.
"-high debt load from purchasing cars and other automobile-related costs will lead some three-car families to cut back to two cars, and those with two cars to trade down to one or none. Better transit systems and the influx of residents into downtown areas of some U.S. cities are also cutting down on car usage."
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37.Business As Usual Is History: Corporations Won't Save Us, But Co-ops May (www.alternet.org)
If conservatives and corporatists fear communism what if Co-ops take hold... Get ready for the onslaught.
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38.Tom Engelhardt: An American World of War: What to Watch for in 2010 (www.huffingtonpost.com)
Rope a dope... Once big and strong. Swinging towards exhaustion.
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39.
At least if it stands empty they don't have to pay anything. No foreclosure here.
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40.Friedman Resigns as Chairman of New York Fed (dealbook.blogs.nytimes.com)
"Mr. Friedman bought 37,300 more Goldman shares in December, which have since risen $1.7 million in value."
While working for the FED... WHILE working for Goldman Sachs
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41.Dan DiMicco: A Nation That 'Builds Things' - WSJ.com (online.wsj.com)
"• Balance our trade deficit. We need to correct the mercantilist and predatory trading practices of our principal trading competitors—yes, competitors not partners. These countries such as China won't be partners until they stop using opportunistic and illegal trade practices like currency manipulation, illegal subsidies and border-adjusted taxes (especially the value-added tax)."
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42.U.S. gave up billions in tax money in deal for Citigroup's bailout repayment (www.washingtonpost.com)
"The rule changed Friday also was altered last fall by the Bush administration to encourage mergers, letting Wells Fargo cut billions of dollars from its tax bill by buying the ailing Wachovia."
So they can make more profits. Our government cares... About banks.
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43.Our Words: The Lawrence Summers Memo (www.whirledbank.org)
This Psycho calculates that it is much better to pollute poorer countries, because their mortality rate can cover (hide) the deaths easier.
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44.
Surprised? Nah
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45.Why Did Bank of America Pay Back the Money? (baselinescenario.com)
“It is a particularly delicate time for Bank of America, which has struggled to find a replacement for Mr. Lewis. By paying back the money that it received under the Troubled Asset Relief Program, or TARP, Bank of America will free itself from exceptional federal oversight of its executives’ pay — a thorny issue in recruiting a new chief executive.”
Greedreak
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46.Wendell Potter Says Franken Bill Will Go Far to Control Medical Costs (crooksandliars.com)
"Wall Street investors expect insurers to pay as little as possible for medical claims. As a result, the nation's health insurance industry has evolved into a cartel of huge for-profit companies that together reap billions of dollars a year at the expense of their policyholders."
The investor class...Repugnant
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47.Much of stimulus funding going to Washington area contractors (www.washingtonpost.com)
And the majority of the "wealthiest counties are around Washington DC (recent study). Now that is some "far reaching" improvements in the "scamconomy".
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48.
"A senior U.S. intelligence official told ABCNews.com the approximate estimate of 100 al Qaeda members left in Afghanistan reflects the conclusion of American intelligence agencies and the Defense Department. The relatively small number was part of the intelligence passed on to the White House as President Obama conducted his deliberations.
ABC News estimates that, with the surge included, there will be a ratio of 1,000 US troops for every Al Qaeda member in the country. The cost of the war will work out to $300 million for every Al Qaeda fighter." -
49.India may get $1 billion in IT outsourcing contracts (finance.yahoo.com)
TARP tax payer funds.. Go offshore the cycle of doom continues.
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50.Elizabeth Warren: If You Can Borrow at Zero and Speculate, That’s a Heck of a Business Model (wallstcheatsheet.com)
Elizabth Warren for President... Or at least Treasury Secretary ..
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