It was funny to hear Obama spout sound bytes about Sputnik among his other narcissistic garbage. Mind you that I would complain as badly about a Republican since politicians have lost touch with everyone except the banks and the fed. We should expect that from a community blackmailed and maneuvered into policies that are anything but for the people. But as we can see, when people have no money left and can not cover essential life needs then we get things like Tunisia and Egypt...what's the phrase again? ..."when people have nothing left to lose, they lose it"...clearly, the perception in Egypt is that its constituents have so little left to lose in that they must now spend $3,800 of their $4,000 per year income on food, that they see risk of death, torture, separation from their families, risk to their families and prison as a viable option because they have nothing left that can be stolen or that they can lose.
This is a story that is coming, as I have said previously, to a location nearer to us fairly soon. Greece, Turkey, Spain, Ireland, UK and France are all countries just waiting to express themselves and ultimately the "taxed to death", "regulated to death" American will also.
Certainly if Obama's crazy health care bill would be implemented with its illegal insurance mandates, and outright cronyism, that would have been another great reason for massive discontent in the US as its wealth transfer and tax burdens would have increased. The reality is that the special interests receive regulatory consideration and legislation that furthers their agenda's whether Oil, Financial or Manufacturing. Just to give you an example of the assistance the cronyists get, a friend of mine sent me this video which presents a rather compelling understanding of the money flows in cronyist circles...
Monday: New Home Sales
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Weekend:
• Schedule for Week of December 22, 2024
• Ten Economic Questions for 2025
Monday:
• At 8:30 AM ET,*Chicago Fed National Activity Index* for Novem...
3 hours ago