Save Us From Our Friends
October 20th 2009 20:47
The latest estimate from the Federal government shows unemployment to be about 9.8%. This figure only includes people who are actively looking for employment and who are collecting unemployment benefits. The actual figure is somewhere around 21-22%. Included in this figure are those who have lost their job and unemployment benefits and who decided on retraining, those who lost their jobs, are close to retirement and who are holding on until they can collect Social Security payments, those who have given up looking for a job, and those who may never become employed due to social problems. Subtract from this the 4-5% that the government considers permanently unemployed, and the real unemployment rate is about 17%.
The National Academy of Sciences announced that they found an error in the formula used to calculate the poverty rate in America; it’s not 13.2% or 39.8 million Americans, but 15.8% or 47.6 million Americans. It seems that the Federal government wasn’t counting poor Americans older than 65 (they had been given up for dead), many working poor with child care expenses (how poor can they be if they can pay for child care?), non-Hispanic whites (becoming a minority), Asians (the government thinks they are all going to open restaurants), and Hispanics (the government is trying to deport them all, so why count them?).
Mr. Raj Rajaratnam, the founder of the Galleon hedge fund who was recently arrested on charges of insider trading, posted bond of $100 million and reported to work as usual Monday morning to reassure investors that it would be business as usual at the fund. Skittish investors are already looking for ways to withdraw their funds from Galleon, but fund investment rules prevent wholesale withdrawals without prior notice of 45 days. One of the investors just happens to be the hedge fund unit of American International Group, AIG as it is better known. This is the same AIG that gave the Federal government almost 80% control of the company through warrants in exchange for over $150 billion in credit. So, we essentially have the Federal government, the same guys that are prosecuting Mr. Rajaratnam, allowing Mr. Rajaratnam to manage the taxpayer’s money, the money we loaned to AIG. Who’s going to prosecute the Federal government?
This brings us to our friends, the Saudi Arabs. You remember them, don’t you? This is the country that blackmailed us in the 1970’s with an oil embargo, exported 19 of the 21 airline hijackers who attacked us on September 11, 2001, invented Whhabism (the most fundamental of fundamentalist Islam), and took their oil revenues and used them to set up madrassas all over the Muslim world to teach fundamental Islam and hatred of the West. Oh, by the way, this is the same country that nurtured Osama bin Laden. Now, our “friends” want special financial assistance if the industrialized countries of the world agree on a climate pact that calls for substantial reductions in the use of fossil fuels, which in their case, is the 250 billion barrels of oil that their country floats on.
An International Energy Agency report shows that OPEC nations will reap about $23 trillion between 2008 and 2030 even with cuts in the use of oil significant enough to slow climate change. The Saudi Arabs challenged this, claiming that they will suffer losses of $19 billion per year, starting in 2012 (is this really a loss or just earning less money?).
So, here we have more poverty in America than we realized, more unemployment in America than we realized, and the Federal government is subsidizing big financial institutions so they can invest our tax revenues in risky hedge funds controlled by thieves.
Then we have our “friends” threatening us with requests for foreign aid if we don’t stop trying to save the earth and our own economy by buying less of their oil; they fear their revenues will drop, cutting funds to their terrorist schools, which means fewer threats to us and our interests abroad.
Next, you’ll read about the Saudi’s trying to piggyback on to the Jerry Lewis Labor Day Muscular Dystrophy Telethon (Jerry is a Jew, so that’s probably out of the question). Let them drink oil!
The National Academy of Sciences announced that they found an error in the formula used to calculate the poverty rate in America; it’s not 13.2% or 39.8 million Americans, but 15.8% or 47.6 million Americans. It seems that the Federal government wasn’t counting poor Americans older than 65 (they had been given up for dead), many working poor with child care expenses (how poor can they be if they can pay for child care?), non-Hispanic whites (becoming a minority), Asians (the government thinks they are all going to open restaurants), and Hispanics (the government is trying to deport them all, so why count them?).
Mr. Raj Rajaratnam, the founder of the Galleon hedge fund who was recently arrested on charges of insider trading, posted bond of $100 million and reported to work as usual Monday morning to reassure investors that it would be business as usual at the fund. Skittish investors are already looking for ways to withdraw their funds from Galleon, but fund investment rules prevent wholesale withdrawals without prior notice of 45 days. One of the investors just happens to be the hedge fund unit of American International Group, AIG as it is better known. This is the same AIG that gave the Federal government almost 80% control of the company through warrants in exchange for over $150 billion in credit. So, we essentially have the Federal government, the same guys that are prosecuting Mr. Rajaratnam, allowing Mr. Rajaratnam to manage the taxpayer’s money, the money we loaned to AIG. Who’s going to prosecute the Federal government?
This brings us to our friends, the Saudi Arabs. You remember them, don’t you? This is the country that blackmailed us in the 1970’s with an oil embargo, exported 19 of the 21 airline hijackers who attacked us on September 11, 2001, invented Whhabism (the most fundamental of fundamentalist Islam), and took their oil revenues and used them to set up madrassas all over the Muslim world to teach fundamental Islam and hatred of the West. Oh, by the way, this is the same country that nurtured Osama bin Laden. Now, our “friends” want special financial assistance if the industrialized countries of the world agree on a climate pact that calls for substantial reductions in the use of fossil fuels, which in their case, is the 250 billion barrels of oil that their country floats on.
An International Energy Agency report shows that OPEC nations will reap about $23 trillion between 2008 and 2030 even with cuts in the use of oil significant enough to slow climate change. The Saudi Arabs challenged this, claiming that they will suffer losses of $19 billion per year, starting in 2012 (is this really a loss or just earning less money?).
So, here we have more poverty in America than we realized, more unemployment in America than we realized, and the Federal government is subsidizing big financial institutions so they can invest our tax revenues in risky hedge funds controlled by thieves.
Then we have our “friends” threatening us with requests for foreign aid if we don’t stop trying to save the earth and our own economy by buying less of their oil; they fear their revenues will drop, cutting funds to their terrorist schools, which means fewer threats to us and our interests abroad.
Next, you’ll read about the Saudi’s trying to piggyback on to the Jerry Lewis Labor Day Muscular Dystrophy Telethon (Jerry is a Jew, so that’s probably out of the question). Let them drink oil!
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