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The tycoon wishes to remain anonymous because he is one of the most solid Republican monetary supporters.

But when asked how he reads this chart, here is his compelling answers….

“Aside from the obvious, that we have had 39 months of continuous private sector job growth, something not seen since the Clinton Era, I suppose the biggest question remains as to “why” the glitches. Why are there parts that drop down in the recovery and seem to go backwards?

Here, let’s just go through the time-line. Let’s start at the bottom of the inverted pyramid… The general climb out of the hole was due to TARP money which jump-started construction projects and the big infusions to banks which kept the economy from falling off the cliff into the pit of no return. It culminated with a big push of Census hiring in March of 2010. Most attention was on Obamacare at that time and with everyone’s lack of attention from the president, congress, and corporate, things languished for several months. Also one must remember that the Republicans looked like they would make big gains in 2010 and turn all Obama’s directives around. That would be very bad if it were so, and no one sank any money into investment until the election determined things.

Those who figured Obama would win, (Northeast and California) invested heavily in October only to be mistaken and with the Tea Party rattling their sabers upon their win, no one invested anything at all. We all thought the economy would crash and burn again. Up until the election we fully expected the Bush Tax Cuts to be eradicated, so our goals had been to move our funds over into areas where they would not be taxed, primarily investment into our own companies. As the tax laws became extended, many of us were not in the right zone at the right time to take advantage of the two year grace period that tends to better reward those investing in liquid assets as opposed to longer term job creating ones.

By 2011, in February we realized the Tea Party was nothing but a boil, a cyst, a sham, and things would hold current at a status quo. February, March, and April we made plans to go forward and grow. Then in May, the first debt crises occurred and shocked, we all pulled back. The Tea Party did not vote on its unceremonious raise and emergency measures were begun to be implemented by the Federal Treasury. In June, we rode our previous success fully betting that no one, not even the Tea Party would be foolish enough to destroy America’s credit rating for their own political gain. By July, we knew we were horribly wrong. We pulled back on every investment option we possibly could.

The Grand Design ($4 Trillion Budget Arrangement) never did come about. If it had we would have thrown everything into getting on the ground floor of the next boom. But by August 2011 we were confident enough to begin putting some of our extra money now trickling in over to self-investment and it continued straight through January 2012.

That was when Republicans began their Primary campaign in earnest and the Democrats were silent by having no primary or no opponent to which to reply; all bets were that the Democrats were very vulnerable. In fact, it looked like it could be a clean sweep of both Houses and the Executive. This would mean all new investment was futile. The Fed would raise interest rates according to all these Republicans against soft money, costing banks billions and overall investment would slow to a crawl. This slide lasted until the juxtaposition of the two party conventions back to back, which gave us all a clear idea of who would win. I mean who would you want behind the shoulder advising the policy of the next president:  Bill Clinton or Clint Eastwood? The fruits of our investments through Sept and Oct. paid off through November and December. Although we too had quite a scare after the first debate.

Then came the Sequester. It is hard to remember now that we really thought we were going off a cliff back then. Once settled, January’s hiring was alread done but February received the spike of top money shifting from taxable investments over to job producing non-taxable investments. The stock market jumped  as world money became content that America had finally finished with its infatuation that the top 1% carry the economy as a whole and should be taxed less, jumped back in. Problems in China and Europe made sure we were the world’s safest investment at the time.

Currently it appears that our entire economy has matured in 2013… if anyone looks at the chart, you see that the spike in February almost perfectly cancels out the dips in January and March, and that the average across all 6 months is very consistent, almost the same number.

In fact, we have plateaued. This is where our economy is right now, growing steadily with population growth and nothing more. There is nothing any more that anyone can do to increase private sector hiring.

Nothing will change I figure until the House of Representatives gets enough democrats and government hiring can begin anew.”

“Oh” I said, “so now you are a Democratic supporter?” lol.

“NEVER!” he responded. “However I’ll admit that Republicans are absolutely worthless when it comes to growing economies.”

And there, you have “the rest of the story….”

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Tomorrow, is the day… like a wedding, can’t wait for it to finally be over so life can go on again…. But there is one last thing to do.

Look at the Republican Party. The only reason Romney is doing well, is because he pivoted in the first debate, and became a liberal. His past track record had almost pushed him to the point of no return, until he reinvented himself upon that first debate stage. In other words, Romney is now the more liberal candidate, if one just looks at what he has said since October 4th.

However the old message is still prevalent in Delaware’s Republican exoskeleton. Kovach who once was considered a decent person, is now a compromised decent person. Kevin Wade, is nothing more than a word to rhyme with suede. Jeff Craig wants us to believe that if you can run a 16 X 40 foot retail outlet buried in the middle of a Fairfax strip mall, you can run the entire state’s government. Greg Lavelle believes that if you trash your opponent hard enough, you will get elected. Cathy Cloutier believes that no one gives enough of a hoot, making it so simple that she can be endorsed by the pro choice and pro life movements in the same election. Evan Quietsch believes the United Nations has set up a secret outpost somewhere in the woods of the 11th District, and that his challenger is the Manchurian Candidate who is actually from Manchuria. Rick Jensen has to ignore 99% of a story to make his case in support of any Republican who shows up on his show. Dori Conner, is running “Go, Go William Penn” down in Cavalier Country. NCCE Blake has to put stickers on his campaign signs, that say “I’m not Tom Gordan.” Then there is DelawarePolitics.Net, which although it has great people, they all get their orders from Homer Simpson. There is Brian Pettyjohn who, whenever his name gets mentioned, reminds one of the Lollypop Guild soliciting a hooker on the side of the Yellow Brick Road… And then, there was Two Timing Booth, kicked out for…. oh my. Don’t even get me started on Bodenweiser…. And above all this mess, flies the green faced witch on her magic broom, saying 2014, 2014…..

What happened? Siegler, is this what happens when you put the NRA actually in charge of something?

From top to bottom this party is (I’ll bend over backwards and be very nice here)…. dysfunctional… It is time for it to go away….

I heard a caller put it very well on Al Masciti this morning. Business needs representation. With this party they don’t have it. What they do have is Jack Markell, Chip Flowers, and Beau Biden, working with them as well as representing “we the people” who simultaneously do the necessary work for these businesses as well as us who depend on their health to live well ourselves…..

Delaware works better as a single party state than as a two party one…. Why? Simply put, everyone is an individual again. There is no reason NOT to work with someone who’s viewpoint is different from yours… It is called “compromise” and with today’s Republican Party from the top down, that compromise gene is simply not in their chromosomes……

Now here is my argument… Any vote for any Republican, weakens our state. I’m guessing we need an 85/15 democratic majority to permanently make this party go away…. I’m worried that many in Delaware may not vote this time because our national election is a foregone conclusion, and really, there is no reason to suspect or worry that any Republican will win….

Here is why you must… Your vote against the Republican Party, is needed to make it be gone forever….. We need single party government now more than ever… WE need cooperation between workers and businesses, and only one party, the Democratic one, can provide that.

Some say we need another voice to balance out one party rule… We will have them. 21 separate voices in the Senate, and 45 separate ones in the House, but only if they are all Democrat … Every person is an individual, and every person has to represent their district. There are some conservative districts, there are some progressive districts. but it still will take a majority to get anything passed.

At least if there is only one party, they will get things done the old fashioned way. The conservatives will express their needs, the progressives will express their needs, and some type of compromise all can live with, will get hammered out….

That can’t happen if there are Republicans anywhere in government to mess things up…..

So do your civic duty… Vote Democratic or Libertarian, or any another candidate…. Just make Republicans go away…. I used to like watching cartoons on Saturday… Now, that I have to watch them 365 days at 24/7, it is too much…. (Now, where’s that Advil?)

Make them go away.

With Sandy’s approach, words of warning went out to all campaigns.. Get your big signs down for the storm.  Feel free to put them up after the storm blows by.  Everyone got an email.

Democrats were in full force, and in New Castle County, not one Democratic sign was left standing…  By noon all  were stored for safe keeping…

There were no libertarian candidate’s signs.  As dedicated citizens, the libertarian team scoured the county and by noon, their signs were all stored for save keeping.

The one Jill Stein sign I’d seen, was gone.  Secured by the Green Party….

In fact the only signs up as darkness approached,  were those of Alex Pires, which is understandable,  it being a one man operation, and those of the Republican line up, which apparently has even fewer supporters.

It looks like Kansas,  at intersections now, with only Republicans contesting a one man operation….

If the Green Party and Libertarian party can mobilize faster than the Republican, it is time to stop calling the Republican Party a “major” party.

Even the Wizard of Oz had more going for it than today’s Delaware Republicans, who with their daily bumbles are rapidly creating a new definition of the English word pathetic.

With High Republican Turnout I'm Sure to Be Wellfed Nov. 6th
Photo Courtesy of Soggy Log

They thought he was nuts.

Republican Issa, who is making an unprecedented foray into classified territory to try to indict the sitting president before the election, released documents that named every informer we had working for us in Libya.

When asked in private, Issa is reportedly to have said. “It won’t matter as long as we get him (Obama) out of office.” The Republicans in the room all churned up their approval.

Once again, Republicans show they don’t care about human lives. In this case, the only reason for this release was for political gain.

The documents are intended to show what the US knew before Benghazi. They could have simply been processed with black marks over the names of those informers. However, for it to hit the news cycle before the debate, it had to leave the room by 2:30 that afternoon. The redaction would have taken two hours for the 4 staffers available.

Representative Issa made the call to send the documents out without redaction. There was a discussion over the morality of doing so, and Issa, made the call that those on the ground in Libya, were expendable for this chance at the President.

The documents prove that Obama was not in the loop. Although Issa is apparently too dumb to understand this?…

It reminds everyone of the quickness with which Romney himself tried to use Benghazi as a political tool, well before any facts had emerged over the death of the Ambassador.

These Republicans for lack of any better word, are fools. They are far more damaging to America’s security than any Soviet spy…

Jockstrap….

I just couldn’t help but notice he supports almost every Johnson. (Even ones with Swiss spellings… Johansen ….)

Lol…

The Wall Street Journal quotes Citibank’s executives are preparing their investors for the worst!!!!!!!!!!!!

Receiving what is known as the doomsday scenario, a two step reduction in it’s bond rating,  Citibank is going to cost it’s investors billions…

It will suck their money right out of their accounts and right into the trashcan…  If you are invested in Citibank, kiss all your money goodbye..

But wait?

What about the Dodd-Frank Finance Reform Bill?  Doesn’t that kick in or something?

What happens is that under the Dodd Finance Reform Bill, Citibank is required, because it’s ratings are much more risky now, to have a higher amount in reserves than it does if it has a very high rating….

That money, has to come out of its profits.

So profit will be short by …. $4.7 billion for the required additional collateral for its holding company and its banking subsidiary….

$4.7 billion.

But wait a minute you should say.  Isn’t that a good thing, at least much better than would have happened under Republican leadership just over 5 years ago?  Shouldn’t a bad bank HAVE to keep more money in reserves than a good bank, so the chance of it failing, are decreased from extremely likely to zero?

One would think.  Unless of course you are one of these people.  Michelle Bachmann, Rick Santorum, Newt Gingrich, Rick Perry, Herman Cain, and Mitt Romney.  These six people believe the investors should get the $4.7 billion, and the federal government should bail out the banks when they fail…

This is what’s behind their opposition of the Dodd-Frank Wall Street Reform Act.  The only reason one would oppose it, is because it protects the financial solubility of the institution, instead of the investor.

If a bank fails and we lose our money, that is just too bad in their eyes.  But for them to lose their money, is unthinkable.

Yes, they are indeed ridiculous.

So in reality, thanks in part to the leadership of Michael Kaufman from Delaware,  when a bank engages risky behavior, it must put more into its reserves, taking it away from the investors.

This is only fair.  For when things get in order, and reserves can be dropped again, it is only the investors who get that bonus in one fell sweep.

So we can see in a nutshell, why when it comes to economic issues, we cannot let Republicans again have the reins of power…  They would dismantle this reform, just like they dismantled the original protections put in place since the 1930’s, and that dismantling, was  the sole cause of the meltdown that put all those American’s out of work…

So things are working as they should.  The bank was risky, and now  must pay the penalty.   What’s nice about having Democrats in charge, is that the penalty they payed, was to themselves….

Democrats are intelligent.

Unfortunately, sadly, heartbreakingly so, there is a dire shortage of medication to treat Childhood Leukemia. … All five pharmaceutical companies that make the injection drug methotrexate, which treats acute lymphoblastic leukemia by slowing the growth of cancer cells, have either slowed and stopped manufacturing of the drug, according to the U.S. Food and Drug Administration. The companies have cited “high demand” or “manufacturing delays” as reasons for the shortage.

Where have we seen this before? In the oil industry. “Shut down that refinery until the price rises sky high.”

We have a shortage of life giving medication, one that is isolated to children, one that will tug at the heart-stings of parents.

There is no shortage of raw materials. There is no shortage of manufacturing space. There is no shortage of labor. There is only a shortage, because 5 major pharmaceuticals, all at the same time, chose “not to make” that certain drug….

Now according to Dr. Michael Link, pediatric oncologist and president of the American Society of Clinical Oncology, some hospital pharmacies have reported having only a couple weeks of supply left.

Which means that kids start dying in 14 days…….

To counter this, President Obama on October 31, signed an executive order, instructing the Food and Drug Administration to broaden its reporting of potential drug shortages, expedite regulatory reviews that can help prevent shortages, and examine whether potential shortages have led to price gouging. The drug shortage has compromised or delayed care for some patients and may have led to otherwise preventable deaths.

This caused Christopher W. Hansen, president of the American Cancer Society’s Cancer Action Network, to applaud the signing of the order, saying in a statement that it would “allow government, industry, providers and the public to more systematically analyze and understand the causes of specific drug shortages as they occur, and to develop real-time solutions that are also needed to address the acute problems that cancer patients live with daily.”

But the order does not go far enough.

While the FDA can oversee imports of drugs that are in short supply, it cannot regulate how much a company can make. In fact, manufacturers are not required to report shortages to the FDA.

Isn’t that what Romney touts? Isn’t that Gingrich’s modus operandi, Isn’t that what Santorum lavishs, WE NEED LESS GOVERNMENT INTERVENTION???

Don’t all of them recommend that government needs to slim down, cut back, and get off the backs of business in general to create jobs?

WELL…..

Here is a direct case of that policy in action. There is no government on the backs of Pharmaceuticals. They are completely independent, private, not regulated, and free to decided what drugs to make, and when to make them….

“Oh gee, let’s see… we make 89 cents per pill on our placebos…. and only 64 cents on each bottle of methotrexate…. Let’s close down the meth lab, and instead, make placebos instead….”

Mitt Romney’s philosophy in action…

Because of it, there is now a shortage of highly necessary medications… Ones that have to be had, to maintain life…

(There is no end to the number of Sudafed knockoffs on drugstore shelves)….

Just a look at the top ten prescribed medicines in America, only one, Lipitor, is still under patent. All the others, have lapsed into generic….

The apparent problem is rather simple. In order to chase after profits for your stockholders, for the analysts of CNBC to mention your stock on their show, … you have to sell the top 15 drugs helping 100% of the population, and the 4000 or 5000 people needing your specialty drugs, are simply sick with the wrong disease…

Remember the death panel controversy made up and disseminated by Michelle Bachmann? Well, now, we see the real death panel….

“I’m sorry (not). I know he is your child; I know we have the medicine to keep him normal, I know he will die if he doesn’t get it; I know we could easily makes some in less than 5 days; I know we could have never run short if we had wanted; I know all these things. But, we arbitrarily choose not to make it; your son is out of luck and will be dead in less than two weeks…”

Why?

Because you voted for Republicans…. Seriously, if you hadn’t, what would have happened?

In an all Democratic Congress, when this shortage was brought up, legislation would be passed levying extensive fines if the drugs did not reach market by a certain date. The price would include only a ten percent markup. Meaning the pharmaceutical company would not lose on the proposition. How do I know this would work? It was the law of the land for 70 years, until Republicans began selling the concept that letting the market place settle everything, and the FDA got gutted.

Interestingly,…. due to the shortage, black market drugs have materialized…. As soon as a drug hits a shortage level, unreliable distributors pop up offering supplies of suspect origin at highly inflated prices, said Denver based Porter Adventist Hospital pharmacy director, Ryan Stice.

“I have a story about one of these vendors calling on a Friday night, lying to a staff member to get approval for shipment, and sending their products for Saturday delivery to avoid our normal safeguards on bogus shipments and invoicing,” Stice said.

Premier Healthcare Alliance, which published data on drug price-grouging practices last week, said nearly 2,000 sales offers from “gray market” distributors amounted to an average price markup of 650 percent for drugs used to treat cancer and other critical illnesses, as well as sedate patients for surgery, that have been in short supply in recent months.

The highest markup was for the drug lebetalol, used to treat high blood pressure. Lebetalol usually sells for $25.90, but “gray market” offers priced it at $1,200.

When pressed, it appears there is little knowledge over where these “grey market” drugs come from. Most speculate that those drugs which are currently being dispensed on the “grey market” come with a majority of their kickback returning to the pharmaceutical companies. It was as if someone in the pharmaceutical business figured out: why sell this drug for $25 dollars when we can create a shortage and sell it for $1200 instead?

“Greed is good”, if you remember the movie Wall Street.

Ironically, the similarities between both Mitt Romney’s hairstyle and philosophy and those in that movie, are extremely uncanny.

If it is your son who is dying, obviously the market place is not where we want to take health-care. Their death panels are far more crooked than any other panel that would occur if we had any other system of medical insurance.

One must wonder why in any debate, not one panalist has yet brought up the question…Mr. Republican, about your market philosophy…. when it comes to cancer drugs and others that are necessary for life,… there seems to be a problem….”

Then follow up with: “No, it appears you’re wrong there, Mr. Republican Candidate. The obvious solution is for America not to vote for any Republican candidate…”

The Chart Republicans Can't Explainright click on chart to view full image

It is funny how so much time and effort is spent determining who will run on the Republican side of the Presidential race, when that whole contest is made meaningless by this one chart…..

Republicans don’t want you to see this chart. Democrats simply lack the capacity to understand what it means…..

It means that if you want efficiency, then lowering taxes is good. That creates efficiency. But if you want jobs, then raising taxes is good, because that creates jobs…

The standard Republican argument against this: “That is bunk. Everyone knows cutting taxes grows jobs….” (end of argument).

What never gets done, except in the bottom comment sections of well meaning blogs, is the proper rebuttal….

If that is bunk, explain how and why history itself proves it otherwise?

And alas, they cannot answer that, because they are wrong… Low taxes do not create jobs. Higher taxes do….

Look for yourself.


Right click to open full image… Pictograph Courtesy of Viral..

So, can someone tell me again, why we shouldn’t tax the rich, and instead, balance the budget on the backs of everyone else?…….

I seem to be missing that little detail where that all makes sense……