Wednesday, January 23, 2008

Bloomberg panders to illegals while the economy burns

Before he is even out of the gate, Michael Bloomberg dooms his potential independent candidacy for president by opening his mouth. I was not to excited about a party hopping rich businessman with a Napoleonic complex running for president anyway. This statement by him removes any possibility that he would have even the remotest chance of success. Like Fred Thompson, he would have done much better if he just kept his big mouth shut and said nothing. Maybe his script writers are on strike as well.

Seems to me that this colonial like exploitation of cheap illegal labor is at the very root of our economic and social ills. But it's been a while since I was at the country club so maybe I'm out of touch with current mainstream American values. Are we now a caste society like India? We need a new generation of slave laborers to pick the cotton? Have we learned nothing since 1863? Oh - but the "beaner economy" of Bush and I guess Bloomberg is really cooking along now. Actually all of this open border, free trade, exploit the cheap working classes of third world countries comes right out of the think tanks of the CFR. So the modern day Robber Barrons have now transformed themselves into angels of light? J.P. Morgen and John D. Rockerfeller would be so proud to know that the dragons tooth of the CFR they created had grown into a full fledged beast that was, that is not and yet is ruining America and the free world.

Oh but they are making so much profit so it must all be good, right? Well - not these days. The global economy is teetering on the brink of self destruction and Bloomberg's solution is to import more illegal labor. Apparently the first 20 million wasn't enough. I guess you just can't have to many greenskeepers. Rome was sacked a number of times before she finally imploded. How many times can America stand this kind of domestic abuse?

I wouldn't have thought I could say this but Bloomberg's idea is an even more impotent economic stimulus than the new Bush tax cut proposal. Importing more cheap illegal labor? Isn't there a law against that? They ought to run him out of Gotham on a rail.

Bloomberg has a history of being a global elitist - so it is nothing new. I have trouble relating to his mentality but then I don't play much golf.

Bloomberg: Illegals needed to take care of golf courses
New York mayor: Fairways would suffer if undocumented immigrants sent home.

Bloomberg: More Immigration Helps Economy
Wednesday, January 23, 2008 11:18 AM
By: Newsmax Staff

New York City Mayor and potential presidential candidate Michael Bloomberg says that welcoming more immigrants to the U.S. is the key to solving America’s economic troubles.

“Our country has tried to look inward at the very time when we should be looking outward,” Bloomberg said at a press conference on Tuesday.

“We should be trying to encourage the best and the brightest from around the world to move here and bring their knowledge, bring their capital, bring their spirit to expand our economy, and sadly, I think we are going in the other direction.”

Bloomberg’s remarks echoed comments he made in last week State of the City address, when he praised immigrants’ role in the U.S. economy, the New York Sun reported.

In that address, he also criticized “those politicians who, all of a sudden, have embraced xenophobia,” an apparent swipe at the Republican presidential candidates.

The billionaire mayor said at Tuesday’s press conference that strong foreign markets will help drive the American economy.

“We, for example, need an economy in China that is flourishing. We export a lot to China as well as import from China. We need to have a Europe that is growing — that’s where we send a lot of our exports. We need to have people from around the world come here.”

The national scale of Bloomberg’s recent remarks about immigration, gun control and other issues has furthered speculation that he might run for president as an independent this year, according to the Sun.

Adding to that speculation, Bloomberg met last week in Texas with Clay Mulford, who helped mastermind Ross Perot’s 1992 third-party presidential campaign.

Friday, January 18, 2008

Clueless in Washington - It's the economy stupid!

Today the Bush administration finally acknowledged what many have seen coming for months - a recession. It reminds me of the fat lady that went to the emergency room complaining of stomach pains. Turns out she was having a baby. "Goodness me, how did that happen?" Not only did she not know she was pregnant but she couldn't remember how she got that way. The politicians come out with their thinly disguised phrases and platitudes. Fred Thompson called it a "slow patch". Doesn't really matter what you call it. The failure to deal with it speaks volumes of the incompetency of this CFR run government.

Earlier this year on Jan 4th Bush anounced that:

"Financial markets are strong and solid" and "this economy of ours is on a solid foundation, but we can’t take economic growth for granted,” Bush said. “And there are signs that will cause us to be ever more diligent and make sure that good policies come out of Washington."
At the same time David Rosenberg at Merrill Lynch announced:
The U.S. economy has entered into its first major recession in 16 years according to David Rosenberg, chief North American economist for Merrill Lynch, who declared the downturn in a research note to clients released on Monday. Mr Rosenberg wrote: "According to our analysis, this [recession] isn't even a forecast any more but is a present day reality."

He points to the four key barometers used by the National Bureau of Economic Research (NEBR) - employment, real personal income, industrial production, and real sales activity in retail and manufacturing. He wrote that these "seem to have peaked around the November-December period, strongly suggesting that we are actually into the first month of a recession."
Clearly one of these people doesn't have a clue. Merill Lynch ought know as it was their irresponsible investment in the risky subprime market (as well as many other) has had a lot to do with this "rough patch". I think they've lost @15 billion so far.

On January 8th the administration trots out Treasury Secretary Henry Paulson on CNBC on a propaganda tour with a bunch of charts designed to convince people that the subprime mortgage crises really wasn't as bad as all that. Paulson had said in a speech in New York that the current housing correction was “inevitable and necessary” following five years of an unsustainable boom which saw sales and home prices hit record levels. What a joke these people are. No body is talking about investigating how this mess was created because they all are invested in it. Ed Kramer of Mad Money is the only one that seems to really get the level of fraud and dishonesty that is rampant in the good 'ol boys club of Wall Street and Washington and the FED these days. Business as usual.

Now Bush comes out today talking about another massive tax cut needed to stimulate the economy? Do you mean for the ""financial markets are strong and solid" and "this economy of ours is on a solid foundation"? If it's so strong and solid why do we need a massive tax cut to try and jolt us out of a recession that doesn't exist? In just two weeks it has deteriorated that much? To be honest proposing that a tax cut is going to help solve the current financial crisis (which is what it is) is tantamount to malpractice - but then they are professional politicians with their hands deep in Wall Street's pockets.

Now I don't have a problem with tax cuts but to suggest that they are going to solve this financial crises is silly. If Washington does not even understand the problem how can they fix it? The republican bobble heads will most likely soon all begin the tax cut mantra and I expect the democrats will also chime in - but only for the poor and middle class. How do tax cuts address the dishonesty and greed in the mortgage business? How do they address the ignorance of people that took out these subprime loans. How do they address the problem of illegals getting loans they don't qualify for to buy property they can't afford and really shouldn't own? How does it address the irresponsible actions of the FED under Greenspan which fueled this whole fake housing boom? How do they address the chronic problem of the government spending money it doesn't have for social programs we can't afford? How do they address the trade deficit which is the source of many of our economic problems.

Until these real problems are addressed intelligently and free from political ideology we will suffer. There are many other factors to this problem. Inflation and the soaring cost of commodities food and fuel are just a few. Washington is corrupted by the same rot that is infecting Wall Street and our financial institutions and the FED. Profit without moral guidance or the limitations that it imposes on greed of corporate America. Well, Corporate America is running our government and we see how poor a job they really do.