, pub-4599738212880558, DIRECT, f08c47fec0942fa0, pub-4599738212880558, DIRECT, f08c47fec0942fa0

Jul 16, 2011

President's Weekly Address July 16, 2011 (video)

President Obama has one of his weekly 'bully pulpit' messages for us which spotlights US economic issues and the theatrical Default Stand-Off with his usual well-crafted, seemingly direct approach.

Yes, yes, of course I agree that "we're all in this together." It's just that a select few are a lot more in than together with the rest of us.

Such as the frisky elitist movers'n'shakers now frolicking together and exclusively under the shade trees of Bohemian Grove...

Say, anyone know where Barack Obama is spending his weekend?


Alex said...

Hi Jude,

The GOP should be charged with political malpractice, a civil crime that is not yet on the books!

" The single most important thing we want to achieve is for President Obama to be a one-term president." ~ Senate Minority Leader Mitch McConnell R-KY

Paul Krugman: The modern G.O.P. fundamentally does not accept the legitimacy of a Democratic presidency — any Democratic presidency. We saw that under Bill Clinton, and we saw it again as soon as Mr. Obama took office. As a result, Republicans are automatically against anything the president wants, even if they have supported similar proposals in the past.

Jude Cowell said...

Agreed, Alex. Do you think the R Party's natal Sun 14Can being conjunct US nstal Sun (the leader; the president) is part of why the GOP sees only a Republican as a 'legitimate' president?

If not so tragic for our nation, this would be amusing when we remember that prior to 9/11/01 there were serious (and well-founded) doubts about the legitimacy of the Bush-Cheney presidency! 9/11 solved that issue for the GOP warhawks, didn't it?

But for me 9/11 only papered over that serious flaw which we're paying dearly for today.

Thnx for commenting! jc

Alex said...

IMHO - GOP want absolute power and zero accountability; many people agree that is the definition of dictatorship!

Alex said...

Hi Jude,

Here is a more through reply to your question. The essay excerpt is an on-point narrative of the current right-wing Neocon conservative economic position in the real world; the history of it is layered - - wiki bulletin points of the PROGENITORS.

Chicago School of Economic

Leo Strauss

Milton Friedman

Friedrich Hayek

Ayn Rand

Poor people running out of money ~ by Dante Atkins

A few years before she became Prime Minister, Margaret Thatcher famously said that socialist governments make a financial mess because they run out of other people's money. This quote has been turned into an aphorism that is particularly popular with fiscal conservatives and disciples of Ayn Rand who feel that social safety nets constitute theft by the undeserving masses of the hard-earned wealth of producers like themselves.

These conservatives prefer the unregulated Chicago-school economic model advocated by Milton Friedman and Friedrich Hayek, wherein the industrious are supposedly free to maximize their wealth as much as they deserve through their own ingenuity and hard work, unfettered by the iron hand of Keynesian government interference.

The problem with unfettered laissez-faire Friedmanism, however, is that eventually the rich run out of poor people's money. And major advocates of the model are beginning to feel the pinch.

Case in point? Wal-Mart, which is in the midst of a sales slump during which it has experienced eight consecutive quarters of falling sales at U.S. stores that have been open for at least a year. This is an often-used model because it measures a company's sustained profitability without the distorted effect of sales from new store openings. The reason? Poor people just don't have the money they used to. As Numerian at Agonist writes:

Clymela/Singing Sparrow said...

I too have been wondering who is behind the Murdoch affair. I mean the hacking of Prince Phillip's cell phone and the Lady Diana's cell phone was years ago and at the time there was not even a hint that it is illegal to do that.
HMMM!!?? said I to myself and various family members. I will be watching to see who benefits.