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There are two choices before us:

One, we tax the top 1% and live the quality of life we deserve…..

Two, we continue the tax cuts, allowing the top 1% to not pay their fair share in taxes, and continue the quality of life we’ve suffered since 2001..

Simple microcosmic view: find a pothole in today’s state road system… You can’t, it’s covered up with stimulus funded new pavement… Nice, crisp, sharply painted blacktop, as far as the eye can see….

Compare that to the Bush Era… Potholes galore and getting them fixed was like pulling teeth…

Now pull back and look at your entire lifestyle with all it’s moving parts…. first see one where everything outside your control is operating smoothly like clockwork ( a Visa commercial comes to mind), and the other where it is all cacophonous and catastrophic…..

So, in which type of lifestyle do you prefer to live?

Decide and vote.

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Today the White House issued this Executive Order.

“Should the debt ceiling not be lifted in time by May 16, in order to prevent the Treasury from running out of funds, I am hereby using the emergency powers given to the Chief Executive by the Constitution, to temporarily suspend the Bush Tax Cuts until: 1) either we can legally borrow the funds to continue paying on our commitments, or 2) we bring our debt down to the 2008 level by having much more tax revenue pour in.

This is in effect, immediately, and I have instructed the IRS to recalculate all 2010 tax forms over the level of $2 million dollars, and asses those individuals and companies, for the differences.

We must take this action because Republicans want to pay politics with your lives. As Chief Executive, I am responsible to you, not them. I won’t let that happen.

With these tax cuts out of the way, and with our austerity programs already in effect, that windfall of profit the Treasury will receive, will be entirely funneled towards the paying off our debt.

This policy will continue until Republicans can act reasonably and in a productive fashion.

Barack Obama.

She says so herself.

Johnson & Johnson plans to eliminate 900 jobs at Ortho-McNeil-Janssen unit

That plant manufactured children’s Motrin and Tylenol. McNeil Consumer Healthcare ran the Fort Washington plant for Johnson and Johnson, and they have just laid off 300, or two thirds, or their employees.

From: Department of Health and Human Services: Food and Drug Administration
To: Hakin Erdimer Vice President of Operations, McNeil Consumer Healthcare, Div. of McNeil -PPC Inc. 7050 Camp Hill Road, Fort Washington, PA.

I first became aware of this story earlier this summer when I went to buy some Motrin at my local Happy Harry’s.. I walked up and down the shelves and was perplexed why I didn’t find some. I assumed that Walgreens must be becoming like Walmart and picking the brands they sold based on who could give them the best sweetheart deal. I went to Rite Aide instead. What, they’re out of Motrin too? They don’t even have a tag or slot on their shelves for it. Is there a recall? No one knew of any. After 4 hours, I finally found one bottle, still on the shelf of a chain grocery store, and snatched that baby up. Finally… R E L I E F…

Then I forgot about it… and I saw this….

The FDA has said it is weighing possible civil and criminal action against J&J for its actions. J&J’s CEO Weldon is expected to face sharp questioning over the manufacturing issues and also whether the company had FDA permission to conduct a soft recall of Motrin in 2009 from 4,000 stores across 40 states. It hired a contractor to send out employees posing as buyers for an eight-caplet package sold at convenience stores.Last week, lawyers for J&J said the purchases were legal and that FDA knew about them despite the lack of a formal agreement. But the FDA has said that is not the case. “Right now, there is no independent evidence that showed anybody at the FDA approved it,” said a congressional source familiar with the committee investigation. More documents submitted since the May hearing, including several released on Tuesday, show J&J directed the buyback, the source said, adding that the contractors have also submitted numerous documents.

Why were they buying back their own products? Were they trying to cover something up, or, prevent a mistake from becoming public? Is that the normal method of recalling a product, and if it is not, what was normal procedure not followed in this case?

In January, the FDA identified problems at a Johnson & Johnson plant in Puerto Rico after the company recalled Tylenol, Motrin and Benadryl products made there. The company said a chemical leached from wooden pallets into the products, imparting a musty odor that later made some consumers ill with temporary gastrointestinal problems.

Now I work around pallets all day. They do have a musty oder. But that oder stays in the wood. When I come home and take off my clothes, the same clothes which were in close proximity to those wooden pallets, they have no musty pallet oder. They may smell like BO, but they don’t smell like pallets. And you expect me to believe that tiny little pills inside a glass container, vacuumed sealed with cotton packed on top, surrounded with printed intructions, placed inside individual cardboard cases, which themselves are bundled 48 on a wooden pallet, upon opening,… carry that musty pallet oder in amounts so strong, that it gives consumers temporary gastrointestinal problems? Bullshit.

The human symptoms point to bacteria on the pills. For some reason, the line about the pallets, whether sanctioned by the FDA or not, is a dodge to deflect the true story.

It was the first of four recalls of Johnson & Johnson products in the past year, including the April 30 recall of 136 million bottles of infant and children’s Tylenol, Motrin, Benadryl and Zyrtec. Those products were recalled after FDA inspectors found widespread manufacturing problems at the Johnson & Johnson facility in Fort Washington, Pa., the only plant where they were being made.

In the FDA report, linked above, the closing of the Fort Washington Plant was because the Fort Washington Plant did not ensure….the rejection and withholding from approval any raw material product that contained a “known” contamination of gram negative organisms. Translated: they knew it was contaminated with deadly bacterial organisms and sold it anyway!

Raw material lots had known contamination with gram negative organisms and were approved to use for manufacture of several finished lots of Childrens and Infants Tylenol drug products, which remained within expirations dates on the market.

Translated: Medicine for infants running a fever, with immune systems being down for other reasons, were knowingly and willingly, given a bacterial infection organism known to cause severe gastronomical problems. Is Hakin employed by Al Qaeda? Surely that could be the only reason such a callous act could occur. Or is this the new standard today’s corporate America now upholds?

In fact, Food and Drug Administration inspection reports going back to 2003 chronicle a build up of problems at the now-shuttered plant in Fort Washington, Pa., at the center of the widespread recall of Tylenol, Motrin, Benadryl and other over-the-counter drugs. But it was only after a political change in Washington, that consumer protection stepped up.

Just recently, at an inspection of the Lancaster plant, inspectors wanted to know why some consumers found maximum-strength tablets in regular-strength Pepcid bottles, or mint-flavored tablets in berry-flavor bottles.

The problems were compounded by having to repeatedly ask for documents, and waiting days to receive what should have been readily available, including things as basic as an organizational chart.

Inspectors found that the plant could not ensure that drugs produced there were up to standard. Laboratory controls do not include the establishment of scientifically sound and appropriate test procedures designed to assure that drug products conform to appropriate standards of identity, strength, quality and purity,” the inspectors wrote.

(It should be noted that the newest report does not give any examples of product quality being affected by the litany of carelessness. Nor does it advocate a recall of any of the plant’s products.) What the report does note, is that no one is monitoring the operation. Records that should be accessible at a moments notice, simply aren’t there.

One common theme of the FDA report is that J&J employees frequently took days or weeks to provide records to the FDA inspectors, sometimes despite multiple requests. When the records eventually were provided, they sometimes were wrong or incomplete, the report said. “Organizational charts were requested on 06/23/10 and requested approximately 10 times before receiving full information … on 07/01/10,” read one example.

Another key point of the report was a finding that the plant failed “to thoroughly review” how product quality was affected by equipment problems that occurred during the manufacturing process.

The report tells of cases of “multiple manufacturing deviations” occurring without J&J checking for any impact on the product batches or recording what was done to fix the problems. “There is a failure to thoroughly review any unexplained discrepancy …,” the report said. “Equipment failures were not trended … to determine the scope … and the overall impact on the manufacturing process and products produced.”

The report said J&J displayed a similar lack of vigor in probing the Berry Tablets problem and looking into consumer complaints that products made at the plant were ineffective. The report said a J&J employee used the wrong testing sequence to see how Imodium EZ Chew Tablets dissolve and used the same filter and syringe to take multiple samples of the dissolved tablets. WTF?

Ok that’s the small problem. The big problem is that all corporations are doing the same thing. Why?

Could the previous years of Republican policy of instructing the FDA to turn a blind eye to malpractices in companies that were large Republican donors have anything to do with it? Could the philosophy that businesses need to be freed for endless taxes and bureaucratic red tape be the core of the problem, and not the solution?

The problems were noted as early as 2003 but no action occurred until 2009.

The approach being advocated by Delaware’s Republican Senate Candidate is dangerous to the health and safety of every American. When businesses are not regulated by our government, then we have no knowledge or method to reckon against their harmful acts. In this case, the company was just lazy. They made a conscious decision not to comply with acceptable methods of testing, and assumed no one could hold them accountable for it. In this case, your tax money was used by the Federal Drug Administration to go into a facility, investigate it’s methods, and finding several contamination issues, use it’s authority to close it down. This is a prime example where government is good. This is a prime example of why we need more government, not less. This is what happens when you don’t mind the candy store, which is exactly what Christine O’Donnell is proposing when she says do away with bureaucratic red tape. We need someone minding the candy store. We just need it.

So how does Christine O’Donnell, Republican for Senate, feel this problem should be taken care of? What is the official republican response to having bacterial infectous diseases knowingly placed in bottle of infant Tylenol drops and sold to unsuspecting consumers?

They call for an investigation of the FDA.. No shit. When bacterial contamination known to cause gastro-intestinal problems is knowingly sold to very sick and hospitalized infants… their reaction is to call for an investigation of the FDA…

Chistine O’Donnell says so on her website.

To promote jobs, we need to do away with bureaucratic red tape…… Meanwhile babies die. (But no. … we can’t kill the unborn. Let’s wait till they’re delivered,.. then kill them with bacteria knowingly left in their medicine bottles by one of our big contributors…..)

If we get caught…… we’ll spend a $1000 dollars to pay off a congressman who will then call for an investigation of the FDA ..

So if your reading this, you’re human. Let me ask you,.. how do you want your tax dollar spent? Do you want it spent on someone investigating the actual manufacturing plants to determine whether what’s popped in your mouth is clear of feces and bacterial contamination? Or do you want it spent on investigating the motives of the watchdog organization that is looking after your best interests…?

Christine is wrong on this one… Her Republican Party is out of touch with America and this: the willingness to look the other way when bacterial containments are knowingly put into infant’s medicine, and sold;…. proves it without a doubt.

Chain of events:

1) Someone told Cheney “no” over the Thanksgiving weekend.

When Dick Cheney, the vice-president and leading Iran hawk, was briefed on the about-turn a couple of weeks ago, there was a “pretty vivid exchange” with intelligence officials in the White House, one participant told The New York Times.

According to an intelligence source, Cheney sought to block the NIE’s release, but was overruled.

2) Cheney develops irregular heartbeat.

Cheney, who has a history of heart problems, was discovered to have an irregular heartbeat around 7 a.m. when he was seen by doctors at the White House for a lingering cough from a cold. He remained at work throughout the day, joining President Bush in meetings with Mideast leaders.

3) Cheney in Hospital for day

Vice President Dick Cheney was recovering at home Monday night after being treated for an irregular heart beat, found Monday morning during a checkup for lingering cold symptoms, Cheney’s office said

4) NIE comes out with Iran free of Nuclear weapons.

David Wurmser, Cheney’s former Middle East adviser, charged: “One has to look at the authors of this report to judge how much it can really be banked on.”

The “guilty men” were named as Thomas Fingar, Kenneth Brill and Vann Van Diepen, all now in top US intelligence posts, who had seethed at Bush policies for years and were said to have executed a triumphant revenge.

Yet there was an infusion of new information about Iran that persuaded all 16 American intelligence agencies to back the NIE.

Israeli sources told The Sunday Times that a key part of the jigsaw was supplied by General Ali Reza Asghari, 63, a former Iranian deputy defence minister who is believed to have defected after disappearing from his hotel room in Istanbul in February.

The Iranian regime accused Washington of kidnapping him, but western intelligence sources say he is in America of his own accord. His debriefing was so secretive that information went directly to the director of the CIA, rather than to senior officials. “People who would normally know, and should know, are completely out of the loop,” said one informed source.

American intelligence agencies also received a trove of information last summer, including intercepts of Iranian phone calls by GCHQ, the British listening station, which suggested that Iranian military officials were angered by a decision in late 2003 to halt a project to design nuclear weapons. The suspicion that the revelations might be a complex hoax were discounted.

Yet some American intelligence experts remain baffled by the black and white picture presented by the NIE. Former CIA official Paul Pillar, who helped to compile the 2005 NIE on Iran, believes the difference with the 2007 report has been greatly exaggerated.

“It’s described as a dramatic 180-degree reversal but it’s not. The key ‘pacing element’ about when Iran is going to get a nuclear weapon is the uranium enrichment issue and that hasn’t changed,” he said.

As before, the NIE suggests “with moderate confidence” that the Iranians could be capable of producing enough highly enriched uranium for a nuclear weapon by 2010-2015.

5) There is no credibility behind invading Iran. it is off.

Bottom line, it appears the facts did not change….Just our interpretation of facts based on the evidence….In other words back in 2005 we estimated that Iran could have a crude weapon between 2010-2015. Today we estimate that Iran could have a crude weapon between 2010-2015. The difference is that the evidence that Iran had stopped in 2003, was not deleted by Mr. Cheney….

In other words, we were lied to…..and now we are not.

So who is that hero? Hmmmm……

With less than two hours to go ahead of the closing bell, the Dow Jones Industrial Average (DJI) was up 69.9 points at 13836.69.

On the day when Google’s stock hit a record worth of $175 Billion:

The S&P 500 Index (SPX) rose 8.63  points to 1,527.38 and the Nasdaq Composite Index (RIXF) rose 18.84 points to 2,673.13.

Although anything is possible……………………as of this point, it looks like “someone” is out of 4.5 billion dollars.

Someone is betting really big money on the S & P that a big event, such as 9/11, will drop the market 50% and will occur before September the 21st. This post was lifted from Crimes and Corruption of the New World Order. (August 26)

The two sales are being referred to by market traders as “bin Laden trades” because only an event on the scale of 9-11 could make these short-sell options valuable. There are 65,000 contracts @ $750.00 for the SPX 700 calls for open interest. That controls 6.5 million shares at $750 = $4.5 Billion. Not a single trade. But quite a bit of $$ on a contract that is 700 points away from current value (1360). No one would buy that deep “in the money” calls. No reason to. So if they were sold, then it looks like someone is betting on massive dislocation.

THEORIES:

The following theories are being discussed widely within the stock and options markets today regarding the enormous and very unusual activity reported above and two stories below. Those theories are:

1) A massive terrorist attack is going to take place before Sept. 21 to tank the markets, OR;

2) China, reeling over losing $10 Billion in bad loans to the sub-prime mortgage collapse presently taking place, is going to dump US currency and tank all of Capitalism with a Communist financial revolution. Either scenario is bad and the clock is ticking. The drop-dead date of these contracts is September 21. Whatever is going to happen MUST take place between now and then or the folks involved in these contracts will lose over $1 billion for having engaged in this activity.

3) “$1.78 Billion Bet that Stock Markets will crash by third week in September. Anonymous Stock Trader Sells 10K Contracts on EVERY S&P/Y “Strike” Shorts Stocks “in the money” effectively selling all his SPY holdings for cash up front without pressuring the market downward.

WTF?? This is an enormous and dangerous stock option activity. If it goes right, the guy makes about $2 Billion. If he’s wrong, his out of pocket costs for buying these options will exceed $700 Million!!! The entity who sold these contracts can only make money if the stock market totally crashes by the third week in September.

Bear in mind that the last time anyone conducted such large and unusual stock option trades (like this one) was in the weeks before the attacks of September 11.

Back then, they bought huge numbers of PUTS on the airline stocks of the same airlines whose planes were involved in the September 11 attacks.

Despite knowing who made these trades, the Securities and Exchange Commission NEVER revealed who made the unusual trades and no one was ever publicly identified as being responsible for the trades which made upwards of $50 million when the 9/11 attacks happened.

The fact that this latest activity by a single entity gambles on a complete collapse of the entire market by the third week in September, seems to indicate someone knows something really huge is in the works and they intend to profit almost $2 Billion within the next four weeks from whatever happens! This is really worrisome.”