Category Archives: Obama Administration

ZeroHedge: Goldman Warns Midterm Elections Raise Risk Around Fiscal Deadlines

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The US midterm elections taking place on November 4 may very well lead to a shift in Senate control to Republicans from Democrats, according to Goldman Sachs. They argue that a Republican-controlled Congress could renew legislative activity – at least on small issues – but also increase (unwanted) uncertainty on some larger ones creating risk around fiscal deadlines.

 

 

Goldman notes,

The US midterm elections taking place on November 4 may very well lead to a shift in Senate control to Republicans from Democrats. We ask four experts, one question each about the largest potential impacts of the election and of the possible Senate turnover in particular. They argue that a Republican-controlled Congress could renew legislative activity – at least on small issues – but also increase (unwanted) uncertainty on some larger ones. And they conclude that a shift to a Republican-controlled Senate would – intuitively – affect the healthcare sector, but – not-so-intuitively – may not directly impact defense. But with Democrats well positioned for material gains in 2016, Larry Sabato, a political expert at the University of Virginia, cautions that Republicans would need to use any newfound power wisely.

 

Q. Would a Republican takeover of the Senate in 2014 benefit Republicans in 2016?

A. Larry Sabato, Professor and Director of the Center for Politics, University of Virginia: Two years is four eternities in politics. Read more »

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ZeroHedge: 20-Year CBS News Veteran Details Massive Censorship And Propaganda In Mainstream Media

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Submitted by Mike Krieger of Liberty Blitzkrieg blog,

Journalists should be dark, funny, mean people. It’s appropriate for their antagonistic, adversarial role.

 

– Matt Taibbi, in this New York Magazine article

 

Reporters on the ground aren’t necessarily ideological, Attkisson says, but the major network news decisions get made by a handful of New York execs who read the same papers and think the same thoughts.

 

Often they dream up stories beforehand and turn the reporters into “casting agents,” told “we need to find someone who will say . . .” that a given policy is good or bad. “We’re asked to create a reality that fits their New York image of what they believe,” she writes.

 

– From the excellent New York Post article: Ex-CBS reporter’s book reveals how liberal media protects Obama

Earlier this week, I published a piece titled, Former CBS Reporter Accuses Government of Secretly Planting Classified Docs on Her Computer, which I thought was incredible in its own right, yet the information in that post seems almost trite compared to the flood of information Attkisson has revealed to the New York Post’s Kyle Smith.

Read more »

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ZeroHedge: ECB Stress Test Fails To Inspire Confidence Again As Euro Stocks Slide After Early Rally; Monte Paschi Crashes

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It started off so well: the day after the ECB said that despite a gargantuan €879 billion in bad loans, of which €136 billion were previously undisclosed, only 25 European banks had failed its stress test and had to raised capital, 17 of which had already remedied their capital deficiency confirming that absolutely nothing would change (conveniently the ECB reported that private sector loan issuance declined once again by 1.2% Y/Y), Europe started off with a bang as stocks across the Atlantic jumped, which in turn pushed US equity futures to fresh multi-week highs putting the early October market drubbing well into the rear view mirror. Then things turned sour.

Whether as a result of the re-election of incumbent Brazilian president Dilma Russeff, which is expected to lead to a greater than 10% plunge in the Bovespa when it opens later, or the latest disappointment out of Germany, when the October IFO confidence declined again from 104.5 to 103.2, or because “failing” Italian bank Monte Paschi was not only repeatedly halted after crashing 20% but which saw yet another “transitory” short-selling ban by the Italian regulator, and the mood in Europe suddenly turned quite sour, which in turn dragged both the EURUSD and the USDJPY lower, and with it US equity futures which at last check were red.

So here is where we are now in the markets: European shares fluctuate, currently down having just touched session lows with the travel & leisure and food & beverage sectors outperforming and banks, autos underperforming. Banks index falls having risen earlier on results of ECB stress tests yesterday. Brazilian stocks fall after Rousseff wins election. The Dutch and Swiss markets are the best-performing larger bourses, Italian the worst. The euro is stronger against the dollar. Irish 10yr bond yields fall; Spanish yields decline. Commodities decline, with nickel, corn underperforming and natural gas outperforming. U.S. Dallas Fed index, pending home sales, Markit U.S. composite PMI, Markit U. Read more »

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ZeroHedge: Are We Ready For The Fall Of Baghdad?

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Submitted by Ron Holland via The Daily Bell,

I recently was in Vietnam and spent some time in prosperous, capitalist Saigon, now called Ho Chi Minh City, and toured the American War Museum. I believe there are a number of parallels between the Vietnam and Iraq War and that history could repeat itself now in Baghdad. Who can forget the former Vietnamese supporters of America being left behind as the last helicopter left the roof of the US embassy?

Today, America still has the strongest military in the world but our manufacturing capacity and financial situation shows the US is on a downhill slide like earlier over-extended and bankrupt empires throughout world history.

We've already watched the frightening incompetence of the Obama Administration and the CDC in dealing with the Ebola virus. One would have to be blind not to see the petrodollar deathwatch as Russia, China and the BRIC countries build new trading alternatives to avoid using the dollar world reserve currency when trading energy and other financial dealings.

This is simple payback for Washington's threats, banking fines and penalties against institutions and nations de jure that fail to march to the US tune of dictating trade and financial arrangements. The world is now ganging up on the United States because Washington has terrorized smaller nations around the world for decades as the big bully on the block.

We've had the misfortune of watching ISIS – originally funded and equipped by the US, Saudi Arabia and other Persian Gulf allies, as was Bin Laden – turn on their benefactors out to destroy Assad in Syria because of a pipeline deal and take over much of Iraq. My point is just as the pro-US South Vietnamese government could not survive without major US forces, neither will the present government in Baghdad. So what could happen to the massive, fortified Baghdad US Embassy in the Green Zone that rivals the Vatican in size? What are the possible military objectives of the Islamic State fighters (ISIS) in regard to the Iraqi capitol?

While the US media elites and the Air Force concentrates on a meaningless ISIS backwater diversionary attack on Kobane on the northern Syrian border with Turkey, their real target is Baghdad and this will likely become very apparent between now and the end of the year. Our military experts confidently state that ISIS does not have enough troops to take and hold Baghdad, a city of 7 to 9 million people. Read more »

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ZeroHedge: 50% Of American Workers Make Less Than $28,031 A Year

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Submitted by Michael Snyder of The Economic Collapse blog,

The Social Security Administration has just released wage statistics for 2013, and the numbers are startling.  Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000.  If you worked a full-time job at $10 an hour all year long with two weeks off, you would make $20,000.  So the fact that 39 percent of all workers made less than that amount is rather telling.  This is more evidence of the declining quality of the jobs in this country.  In many homes in America today, both parents are working multiple jobs in a desperate attempt to make ends meet. Our paychecks are stagnant while the cost of living just continues to soar.  And the jobs that are being added to the economy pay a lot less than the jobs lost in the last recession.  In fact, it has been estimated that the jobs that have been created since the last recession pay an average of 23 percent less than the jobs that were lost.  We are witnessing the slow-motion destruction of the middle class, and very few of our leaders seem to care.

The "average" yearly wage in America last year was just $43,041.  But after accounting for inflation, that was actually worse than the year before

American paychecks shrank last year, just-released data show, further eroding the public’s purchasing power, which is so vital to economic growth.

 

Average pay for 2013 was $43,041 — down $79 from the previous year when measured in 2013 dollars. Worse, average pay fell $508 below the 2007 level, my analysis of the new Social Security Administration data shows. Read more »

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ZeroHedge: New York, New Jersey Begin Mandatory Quarantines In Ebola Response

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Despite the constant confirmation that New York "is prepared, and has been prepared for months" for an Ebola outbreak (that is extremely difficult to catch apparently), it appears Governor Cuomo and NJ's Christie are more concerned than they are letting on. Having earlier admitted that the CDC's screening guidelines are "insufficient" for New York regions' population density, Reuters reports that Cuomo and Christie are considering "enhanced screening" where "all healthcare workers will be mandatorily quarantined." Cue "state of emergency" proclamation and civil liberties 'interrupted'...

  • *EBOLA SCREENING WILL BE STRENGTHENED AT NY AIRPORTS, SAYS CNBC
  • *NY AIRPORT SCREENING WILL GO BEYOND CDC REQUIREMENTS: CNBC
  • *NY AIRPORTS TO QUARANTINE ALL HC WORKERS FROM HI RISK NATIONS
  • *JFK, NEWARK TO HAVE ADDITIONAL SCREENING FOR EBOLA: CHRISTIE
  • *STEPS INCLUDE MANDATORY QUARANTINE FOR MED. SERVICE PROVIDERS
  • *MEDICS BACK FROM EBOLA COUNTRIES TO BE QUARANTINED: CHRISTIE
  • *NEWARK, JFK HEALTH DEPTS.TO DETERMINE QUARANTINE NEEDS:CHRISTIE

*  *  *

Governors Cuomo & Christie explain how its for your own good… but it's not very congaious and really hard to catch… etc.

Read more »

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ZeroHedge: “Why I Will Not Submit To Medical Martial Law”

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Submitted by Brandon Smith of Alt-Market.com,

One of the most dangerous philosophical contentions even amongst liberty movement activists is the conundrum of government force and prevention during times of imminent pandemic. All of us at one time or another have had this debate. If a legitimate viral threat existed and threatened to infect and kill millions of Americans, is it then acceptable for the government to step in, remove civil liberties, enforce quarantines, and stop people from spreading the disease? After all, during a viral event, the decisions of each individual can truly have a positive or negative effect on the rest of society, right? One out of control (or “lone wolf”) citizen/terrorist could reignite a biological firestorm, so, should we not turn to government and forgo certain freedoms in order to achieve the greater good for the greater number?

If the government in question was a proven and honorable institution, then I would say pro-Medical Martial Law arguments might have a leg to stand on. However, this is not the case. In my view, medical martial law is absolutely unacceptable under ANY circumstances, including Ebola, in light of the fact that our current government will be the predominant cause of viral outbreak. That is to say, you DO NOT turn to the government for help when the government is the cause of the problem.

The recent rise of global Ebola is slowly bringing the issue of medical martial law to the forefront of our culture. Charles Krauthammer at The Washington Post recently argued in favor of possible restrictions on individual and Constitutional liberties in the face of a viral pandemic threat.

The CDC now argues that in the case of people who may be potential carriers, or even in the case of people who refuse to undergo screenings, it has the legal authority to dissolve all constitutional protections and essentially imprison (quarantine) an American citizen for as long as they see fit to do so.

The Obama Administration is now using militant terminology in reference to Ebola response, including the formation of “Ebola SWAT Teams” for quick reaction to potential outbreak areas.

Read more »

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ZeroHedge: EXCLUSIVE: Was Ebola Accidentally Released from a Bioweapons Lab In West Africa?

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Accidents at Germ Labs Have Occurred Worldwide

Nations such as Russia, South Africa and the U.S. have long conducted research into how to make deadly germs even more deadly. And accidents at these research facilities have caused germs to escape, killing people and animals near the facilities.

For example, the Soviet research facility at Sverdlovsk conducted anthrax research during the Cold War. They isolated the most potent strain of anthrax culture and then dried it to produce a fine powder for use as an aerosol. In 1979, an accident at the facility released anthrax, killing 100.

The U.S. has had its share of accidents.  USA Today noted in August:

More than 1,100 laboratory incidents involving bacteria, viruses and toxins that pose significant or bioterror risks to people and agriculture were reported to federal regulators during 2008 through 2012, government reports obtained by USA TODAY show.

 

***

 

In two other incidents, animals were inadvertently infected with contagious diseases that would have posed significant threats to livestock industries if they had spread. One case involved the infection of two animals with hog cholera, a dangerous virus eradicated from the USA in 1978. Read more »

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ZeroHedge: How General Dynamics Just Got A $600 Million Check From Uncle Sam, Courtesy Of ISIS

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Sometimes, in the fog of whatever is the Mideast war du jour started initially under a “humanitarian intervention” pretext then quickly morphing into yet another counter-Syria campaign to appease various Saudi and Qatari emirs and princes, it is easy to lose sight over just what the purpose of said war is. Luckily, we have the US military industrial complex to remind us, and specifically weapons and ammunition specialists like General Dynamics. So here, for those confused, is a summary of the the first half of the great circle, which uses war, mass killings and civilian casualties, as a cover to deploy what else: US taxpayer money into the pocket of US corporations. Lots of it.

As Reuters reports, the U.S. government on Monday said it had approved the sale to Iraq of $600 million in tank ammunition manufactured by General Dynamics Corp saying it would help the Iraqi government establish an integrated ground defense capability.

In short: the Obama administration is about to give its latest puppet government in Iraq some $600 million in US taxpayer funds so said government can further arm itself in its war with a terrorist group that until recently was also being funded, trained and equipped by the US government. The beneficiary: a US company which some say is at the forefront of the US military industrial complex.

With that out of the way, here’s more.

The Pentagon’s Defense Security Cooperation Agency, or DSCA, notified lawmakers that the State Department had approved the sale of 10,000 M831 120m, high-explosive anti-tank munitions, 10,000 M865 120mm kinetic energy warheads and 26,000 other munitions, as well as logistics services.

 

DSCA said the prime contractor would be General Dynamics, maker of the M1A1 Abrams tank and the requested munitions.

 

Read more »

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ZeroHedge: Land Of The Free? 1 In 3 Americans Are On File With The FBI In The US Police State

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Submitted by Mike Krieger of Liberty Blitzkrieg blog,

The sickening transformation of these United States into an authoritarian police state with an incarceration rate that would make Joseph Stalin blush, has been a key theme of my writing since well before the launch of Liberty Blitzkrieg. One of the posts that shocked and disturbed readers most, was published a little over a year ago titled: American Police Make an Arrest Every 2 Seconds in 2012. In the event you never read it, I suggest taking a look before tackling the rest of this piece.

Fast forward to fall 2014, and the Wall Street Journal has a powerful article about how children in schools systems across the U.S. are being arrested or turned over to police custody for doing things that children have always done since the beginning of time. Things such as wearing too much perfume, sharing a classmates’ chicken nuggets, throwing an eraser or chewing gum.

As a result of our insane societal obsession with authority and disproportionate punishment, the WSJ reports that “nearly one out of every three American adults are on file in the FBI’s master criminal database.” 

USA! USA!

From the Wall Street Journal:

A generation ago, schoolchildren caught fighting in the corridors, sassing a teacher or skipping class might have ended up in detention. Today, there’s a good chance they will end up in police custody.

 

Read more »

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