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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….”
Just look at North Carolina. In 2010 both houses went Republican. But they still had a Democratic Governor to keep them in check. That check was erased last November. Today with a Republican Governor, and super-majorities in both houses, North Carolina is a model for what would have happened if Romney had won the Presidency and the Senate become Republican…. Unchecked power. Basically a Tea Party’s wish list…..
So far, these changes have already done in North Carolina…..
A. Parents and families seeking Federal Assistance must first take a drug test, which they must first pay costing $100. That money is then used to help fund the benefits for those… who passed….
B. Passed a bill requiring photo identification at the polls.
C. Personal and Corporate Tax Cuts
D. Restrictions on Abortion
E. Cuts to Education Funding
F. Increasing out-of-state tuition for state schools.
G. Ending the public funding of Judicial elections.
H Devastating rollbacks of environmental legislation
I. Blocked the expansion of Medicaid under Obama’s Health Care Act.
This has happened in a few short months. The bills are instantly brought up for a vote, discussion is waived, and the vote is taken… It is always partisan with those representing good government, always losing.
This is what the rest of the nation avoided this past November…
- In case you are waking up, you won’t get this story until noon.
The Daily Mail London just opened a can of worms on Benghazi….
Breaking News: The Daily Mail is reporting from inside sources that General Petreaus and the Ambassador Stevens were not informed that parts of the CIA had one day before, attacked the very same group of Libyan insurgents who returned the next day to attack at Benghazi. Furthermore, the Petreaus scandal was orchestrated by a rogue element of the CIA itself(7th floor) who were the ones behind the pushing of the FBI into investigating General Petreaus bedside manners.. (remember that fishiness of how the rogue FBI agent kept pushing his superiors? It makes sense now.)
Now get this. The same John Brennan who just testified to become the next CIA director, was who ordered the clandestine attacks the night before and who did not brief Petreaus, or the official side of the CIA, that they had done so.
So not only are Republicans completely wrong on Benghazi, they are now laughingstocks for every single word they said about it….
- We did know about the security threat.
- We did do something about it.
- We didn’t tell Obama, Clinton, Panetta, or Petreaus.
- All were in the dark, not to propagate deceit, but because they had no idea….
Every Republican needs to apologize to every Democrat starting now by getting down on their knees, and bowing their head to the ground in supplication… :)(Dick Morris can lick our toes).
One always fails if they bluster against competent people when all they have is their own hot air. That’s why good Democrats always win over bad Republicans.
After every tragedy we’ve talked about doing something to stop random violence with assault weapons.
We talk.
The last person who “did” anything, was James Brady who said enough is enough and pushed the “Brady Bill” over the NRA’s dead body into law.
It is time for the next step.
Every American must ask themselves. Since there will be no compromise, which is more important for America’s future?
Photo Courtesy of KRCRTY
OR
Photo Courtesy of Amherst Gun Show
???
Did you choose?
Then we need to start to work. I think it is safe to say that after Newtown, Connecticut, we are done with options. It has now become,… an obligation for us to stop this trend….
We need to act soon, before the next perpetrator, tries to outdo even this tragedy……
The number is staggering. $15 million to Newt Gingrich, $70 million to official Republican entities, and reportedly $65 million to dark shady political shell organizations. All, being thrown up against the current President, the man who won.
Rumors floated up that this was in support of Netanyahu and the side of Israel that invests in settlements. It appears that Romney’s fervant support of Netanyahu was the result of his ties with this man… Not long after their first $10 million meeting, Romney restated his support for one of Adelson’s top priorities — his fervent backing of Israel’s conservative government and his opposition to a two-state solution to the Israeli-Palestinian conflict. Romney’s first foreign trip after his meeting with Adelson included a late July visit to Israel, which included a Jerusalem fundraiser that Adelson famously attended.
However other fundraisers are now saying differently…
Adelson is reportedly to have said he planned to spend about $100 million or “as much as it takes” to defeat Obama and help Republicans in Congressional races. Adelson’s personal wealth has been pegged at $20.5 billion by Forbes, making him one of the world’s richest men and enabling him to open his checkbook wide without worrying much about his bottom line…..
During the election, Adelson told Politico that the Justice Department investigation, and the way he felt treated by prosecutors, was a primary motivation for his investment in Republican presidential nominee Mitt Romney and other GOP candidates…
In dark money he shelled out:
40 million to Karl Rove’s Crossroads.
15 million to a grassroots foundation run by the Koch Brothers.
5 million to the US Chamber of Commerce.
6.5 million to the Republican Jewish Coalition. (close to 100% of its entire funding.
It was a disappointing election for Adelson. His nemasis whooped him bad.
In SuperPac money Adelson gave $5 million to Boehner, and $5 million to Cantor and his allies. Which is why, he was in Washington today, meeting with Congressional Republicans to devise methods to disrupt any new tax on his estate… The Sands.
The primary reason for the meeting, is he wants these charges dropped. The Justice Department investigation, and the way he felt treated by prosecutors, was a primary motivation for his investment into the campaign of the Republican presidential nominee. Federal officials are looking into potential money laundering by two shady high rollers at his Las Vegas casinos.
The money laundering investigation, led by the U.S. attorney for Los Angeles, is probing whether the casino broke the law by failing to report to the government millions of dollars of potentially laundered funds that two gamblers transferred to its casinos. (Tax evasion: the same thing that brought down Al Capone.)
One of the two gamblers, Ausaf Umar Siddiqui, is being probed about over $100 million of his transactions through the casinos. Separately, he was arrested in 2009 and pleaded guilty to accepting illegal kickbacks in his job as an executive with Fry’s Electronics in California. He is now serving a six-year jail term.
The other big gambler in the probe is Zhenil Ye Gon, a Chinese-born Mexican-based businessman, who reportedly transferred $85 million to Sands casinos several years ago. Ye Gon was indicted in 2007 for dealing in illegal drugs, but the charges were dismissed in 2009.
So the largess of Sheldon Adelson’s giving experienced the Republican party, was part of the $185 million in laundered money it got from these two people, leaving a cool $35 million in profit. Seen this way, it didn’t cost Sheldon a thing.
Another inquiry by Justice and the SEC has been under way for about two years. It involves allegations that Adelson’s lucrative casinos on the Chinese island of Macau may have violated the Foreign Corrupt Practices Act by paying bribes to Chinese officials to expand its operations there.
Bribing the Chinese was a smart deal, if only the SEC and Justice Department hadn’t been so “hung up” on
regulations… (Can anyone else here a Romney campaign line here?) $700,000 went to a local attorney, Leonel Alves, who was hired by the Sands Chinese subsidiary while he was a government legislator in Macau. The lion’s share of Sands’ corporate revenues now come from Macau. That $700,000 bribe now yields a return of $326 million this past quarter…. As a business proposition, it made very good sense. Unfortunately there is one of those ridiculous regulations that hog-tie real business people called Foreign Corrupt Practices Act
Republicans would simply look the other way as long as they were on the receiving end of millions. Obama’s Justice Department? Well, not so fast.
Hence the determination to throw money away on the flimsiest chance that doing so could defeat him.
Of the billion dollars spent in this past election, 15% of that came from one man. Now, I believe in America, a man should spend his money how he wishers. Had he chosen to give this to fight Breast Cancer, we would all hold him in high esteem…
And the law is so broad, after Citizen’s United, that it appears he violated no rules, no regulations, and all his giving to Republicans was legal and completely within the law….
Seen from hindsight, obviously his influence impacts candidates. Karl Rove was in his box during his election night meltdown. Some fundraisers are pointing fingers at Karl Rove for advising Sheldon not to invest in “their” dark money organization, simply leaving competing interests for Rove, out in the cold. Newt Gingrich out of nowhere came out with an uncharacteristically backing of Israel during the primary. We now know why. Netanyahu figured prominently in the third debate, far more than his importance warrants. We now know why. Republicans against their parties own self interest, are risking losing any loyality with the American middle class over their intransigence not to raise taxes a teeny bit upon the wealthy. We now know why….
Simply put, if you can’t get elected without the help of one man…. and that one man is in your office telling you what you should be doing, you are going to listen to him…
The losers of this method of campaign financing are the American people. In this battle between the wealthy and everyone else, the Republicans are siding with the wealthy for their own self interest…. and their political survival is a pretty darn big self interest. Which means the rest of us are only getting one option to choose from. One party rule will again dominate America, as long as dark money is allowed into politics and there are no caps on one person’s influence.. And that party… will be the one representing the 98%….. and any party, without being repeatedly challenged, inevitably becomes soft and corrupt.
Until soft money becomes dried up, we will continue to have Sheldon Adelson types dropping into Washington with open checkbooks, and the rest of us will suffer these childish posturing battles between Sheldon Adelson supporters, and the rest of America. More grandstanding is guaranteed to be forthcoming by the Republicans….
I’ll bet you $150 million on it….
In business it is one of the traits we try to teach.. It is not a natural tendency. The natural tendency is to point the finger elsewhere, as is well known by anyone who has raised little children. Sometimes their excuses are hilarious. And sometimes those of adults are even funnier.
But in business we teach those coming up that accepting the blame does many things. It stops the investigation process. Life gets back to doing everyones job to the best of their ability.
Secondly, the person most responsible, is now in charge of finding how and why the mistake happened. Most of what we experience takes place between our two ears. For someone else to guess at what is going on there, makes a hearing sound like the comments running mad of an inane post on some blog somewhere… Everyone is an expert on what the head hancho was thinking. Better to let the person who actually knows what thought processes went down, determine the weakness and broken links, then offering it up to pure speculation…..
Third, as soon as the acceptance of accountability is made, the story, if a negative, starts to go away…. The usual formula is that on the break of the next day, the scandal is half as bad, and the next day after that, it is again half as bad or one fourth as bad as originally, and that ratio continues until soon, no one really cares.
One would think a business man at the head of the Republican Party would know this. (But then, he was only an investor; not a business man.) This moral characteristic compared to that of our current commander in chief, echos the thoughts of most Americans, …. we chose the right man to be in charge.
But here, is why, Mitt Romney says, he lost the election.
It was Governor Christie’s fault after Hurricane Sandy.
It was the GOP Primary Debate Moderators.
It was the 47% who get things for free and don’t want to do an honest days work.
It was Hurricane Sandy’s fault.
As long as it wasn’t Romney’s fault.
Forget: unemployment dropped to 7.8 the weekend after the debate.
Forget: Detroit should go bankrupt.
Forget: They are closing down all Jeep plants in the USA and making them in China.
Forget: My Vice President can’t tell the truth. Even about a marathon he ran 20 years ago.
Forget: My convention was built on a twisted lie concocted by misrepresenting the words of the President.
Forget: My bright shining moment of royal entitlement, was usurped by an empty chair.
As long as it wasn’t Romney’s fault.
Bottom line, America sensed that, or more properly put, a majority of American’s sensed that. And that is why, a commander in chief, who says, “I’m responsible for Benghazi, the buck stops here,” is always preferable to having someone who has no regard for the collateral damage his bomb throwing may cause, … because…. it is always someone else’s fault……
Courtesy of Washington Post
More than three percent of the electorate told exit pollers they were more liberal in 2012 than they were in 2008.
Currently liberals are at their highest ranking since Roosevelt in 1936. Whereas Conservatives showed little gain, Liberals climbed at the fastest rate on the chart.
Things to ponder.
Having a president called a liberal who is doing a marvelous job, cuts down on the pejorativeness of the word Liberal. Speculation is: people are no longer afraid to say they are, because Obama’s performance backs them up.
Second, having conservatives constantly embarrass themselves and the nation, every 24 hours making us look pathetically bad, would make one squeamish to tell a stranger, that they were conservative. I mean, people have pride.
Also, conservatives are dying every day, and liberals are being born. Without winning converts, that trend would continue.
But interestingly, over the past four years, people have decided they don’t mind being called a liberal… it also shows conservatives, that no matter how they process their message, even if they make the South Carolina beauty queen their official spokesperson, they lose. Conservatism is dead, unless it continues in a capacity that moderates will say, “oh, you said you’d keep out of women’s lives? keep taxes high on the wealthy? sure we’ll get back on board”. i can’t see Republicans going that far, meaning that Democrats and moderates will rule, “as far as the eye can see”….”
As of today Obama’s lead stands at more than 3.4 million votes – a victory margin a Republican presidential candidate hasn’t posted since George H.W. Bush in 1988.
The final results show Warren soundly beating Scott Brown by 8 percent.
Virginia! Tim Kaine ultimately won by 6 percent (over 186,000 votes). Meanwhile, President Obama won the state by 3 percent.
The Montana Senate race wasn’t called until late Wednesday morning, but the final tally has Democrat Jon Tester beating Republican Denny Rehberg by 4 percent! In Montana!
Today the story is of a Democratic House of Representative’s pickup. Democrats have already gained 6 House seats and are leading in 4 of 5 uncalled races.
It was no where near as close as election night pundits led us to believe.
Being reported from Boston.
As he was stepping onto stage for his concession speech, the campaign was shutting down. Staffers taking a cab home from the hotel in Boston, got a rude awakening. Their credit cards had been canceled. Quite a few cabbies got “the treatment” in Boston that night, it appears….
And this was the guy some people thought was going to be President. From the true pictures of character shown “after the election was final” did we dodge a bullet, or what?