You are currently browsing the category archive for the ‘Ohio Dept. of Elections’ category.

That's one hell of a Bond selloff, isn't it?

Isn’t Goldman Sachs in need of some quick cash.

Yesterday at opening someone sold short on most of their assets, panicking the market. I have never seen anything like it. The NYSE average dropping like seconds on a clock. Then at the 10% loss level (officially termed a correction) they began buying back.

By 4:30 the market rallied to within 15 points of where it started. They made a quick 10% in one day.

If you won yesterday, you played well. If you lost, you were played well………….

These games happened in 1929 quite frequently, leading up to the crash of October 24.

Goldman Sachs on Mysterious August 16 NYSE

sometimes it pays to listen to these guys

Wall Street Journal buried this deep within their pages: Banks Delay Sale Of Chrysler Debt As Market Stalls

In plain English it means that banks have decided not to fund the Chrysler deal. The deal will still go through, mind you, but the risk will be absorbed solely by those underwriting the deal, and the 12 billion will not be spread to investors as has been done in the past. “The market has dried up.”

This does not bode well for Newark. Why? Because the cost of money, or the interest rate for the twelve billion, has just risen.  That means that all costs, supplies, labor, and facilities, must be tightened even tighter in order that corporate is able to pay for the increased financing.

Plain talk: their mortgage, which was already 200 million a year, just hit the ARM plan and may go as high or higher than 300 million!!

That money was sorely needed to invest in environmentally friendly and marketable vehicles. They do not have that option and will have no recourse but to buckle down, hold on, and hope to survive a financial ride as scary as the Ka.

One can only hope that Kia or Hyundai is interested in opening shop in Delaware…..It will be a new experience for the local UAW to be sure, but Toyota seems to treat Americans more fairly than does our own……..At least foreign autos are sensitive to America’s needs and do not foot drag when it comes to creating cars that American’s WANT to buy…….

Anyone who clicked on the above links saw a difference in profitability among all those manufactures. Delaware needs to send someone to South Korea today. Secure jobs are often found within secure companies.

So what does this mean to everyone else? A lot. Here is how it breaks down.

Cheap money is no longer available. It is what has been driving up the stock market. Next time someone tells you it was republican tax policy, bitch slap them. (smile) If borrowed money is cheap then one can afford to spend more in the acquisition of a corporation, because on the bottom line, the cost is the same. Similar to the housing boom which has now ended, the monthly mortgage is the same on a house costing 250,000 at a 3% rate as an 80,000 house at 9%. Just as house prices soared, so did the price of corporations, pushing the market upward……….

Well, ladies and gentlemen. That push has stopped, as of yesterday…….The Fed may react someway and save us from a crash similar to the last time money was not available…..1929.

The political implications are obvious. This could not have happened under a competent Al Gore administration. But I will leave that for someone else to expound. Right now my broker is shut down, off-line, and not answering calls………

I just hope I can shift everything over to “fixed” before everyone else catches on…………………….Sometimes it pays to listen to these guys.....

Liberal Geek turns us on to some news. This news has gotchu written all over it. Perhaps too much so……

Could it be a hoax? One should certainly hope so, for if not, then the implications are severe enough to warrant the beginning of the impeachment process that conservatives are at least privately acknowledging may be necessary to retain the good name of Conservatism past the next two months.

What is to be believed, is that the 04 Ohio election, where only 60,000 votes gave Bush the majority, was settled not in the election booth, but by the computer company that handled all the Republican computer needs and those of the extreme Christian right.

Why is this coming to light now? Because tracing the emails around the attorney general blowup, led us to interesting results in the Ohio Department of elections.

Now if you believe the party is guilty, the evidence is damning. If you forever believe and trust the motives of your party, sort of the same way some in the 41st support Adkins, then you no doubt will dismiss the evidence as far fetched.

Here is the scoop. During the attorney general information dump, an email account surfaced : SJennings@gwb43.com.

gwb43.com? What kind of email address is that? Nah, it is too obvious. But then, we are talking Republicans here, not the most computer literate of the world’s citizens, as George W. Bush himself admitted here:

I tend not to e-mail – not only tend not to e-mail, I don’t e-mail, uh, because of, uh, the different record requests that could happen to a president. I don’t want to receive e-mails, ’cause, you know, there’s no telling what somebody would e-mail me and it would show up as, uh, you know, part of some kind of a story that – and I wouldn’t be able to say, ‘Well, I didn’t read the e-mail’ – ‘But I sent it your address; how can you say you didn’t?’ So, in other words, I’m very cautious about e-mailing.”

Who is gwb43? Well, a simple WHOIS gwb43 yields this:

Domain Name: GWB43.COM

Administrative Contact, Technical Contact:
Republican National Committee dns@RNCHQ.ORG
310 First Street SE
Washington, DC 20003
US
999 999 9999 fax: 999 999 9999

Record expires on 16-Jan-2008.
Record created on 16-Jan-2004.
Database last updated on 21-Mar-2007 17:45:46 EDT.

Domain servers in listed order:

NS1.CHA.SMARTECHCORP.NET
A.NS.TRESPASSERS-W.NET

Okay, RNC too smooth. Couldn’t a fake name be used if this was for real? But Smartechcorp ? Where have we heard of that name before. Oh, yes, they hosted the internet needs of the Republican National Convention back in 2004. They received from the Republican National Committee 2.3 mil in 2004. In 2006 they received from Republicans 3.3 mil according to campaign records.

So why does Ohio’s election’s IP address flip over to Smartechcorp on election night? Smartechcorp was the carrier for the GOP domains of all the states that just happened to be too tight to call. Notice they carried PA, Ohio, and Florida GOP sites, but none of the GOP sights in either heavily Republican or heavily Democratic states.

Perhaps the Ohio election sent their data to Smartechcorp because they did not feel up to the challenge. Or perhaps Blackwell did it for other nefarious reasons. One wonders why they never got their results back. The link leads nowhere.

So if Ohio Department of Elections did indeed transfer its IP address to this company, than anyone with administrator priveleges anywhere, GWB43, or any other Republican operative, could, and it is traceable, have:

” linked between the tabulator and the election results host for the updating. That would have been configured either by the tabulator company (Diebold) or the RNC. If badly configured, this could have allowed open access to the tabulator results from anyone with admin access to the RNC owned SMARTECH host. This would have given Blackwell plausible deniability. “Just let our techies configure that uplink there…).

If the SMARTECH host server was used in this way, it’s illegal because political parties aren’t allowed to access raw election data.

If this is not a hoax and insuppressible evidence over the entire internet determines this to be true, then for the past three years we have had an imposter president setting policy for our nation’s future. No wonder he feels accountable to no one, be it Congress, voters, or our own military leaders.

And that, in most people’s opinion, would be a good enough reason for impeachment. Just one request, can we get Cheney out the way first?

.

The economy is a behemoth. How and in which way will you define such a broad term as the economy?
What tools will you use to determine if it is moving up or down. Stock markets are often used as a peg . But if only the wealthy participate, it is a poor device for measuring the well being of those who’s budgets are too stretched to participate. Poverty levels are also an indicator that measures how our lower class is doing, but does nothing for measuring the amounts needed to invest in growing businesses.

Whatever measure we choose, needs to be standardized, allowing both the growth of capital and the well being of Americans. An example of policy gone wrong is this. If you cut taxes and that cut leads to increased medical costs, energy costs, and raises the cost of insurance, so that citizens are paying out of pocket much more than they were before, that policy is not as helpful as it may seem at first glance.

There needs to be a way of measuring the well being of Americans. Setting a standard as having a place to live, two cars, taxes, insurance, enough to cover both energy costs and communication costs, would be a good indicator for someone in my age bracket. To someone older, adding medical costs might be considered. The income left following the deduction of these expenses, would measure the well being of America. A certain number of people would have incomes above this line, and others would find themselves below this line. This measure would go up and down as the economy rose and fell, and this measure would be an appropriate indicator. If energy prices spike, elected officials need to react. But if energy goes up, and say insurance rates go down, it would not have to move so readily.

Effective politics would achieve growth along this line. As more citizens increased their disposable incomes after necessary expenses were met, that would be a positive indicator reflecting a growing economy.

It would drive home the argument that all of us are threads in a tapestry. Each of has a responsibility to ourselves and immediate family, but our actions also have repercussions far removed from us locally due to the increasing complexity of today’s world.

This opens the door to a new way of looking at old problems. If paying more insurance, is offset by a matching reduction in taxes, then no one is worse off. And if paying more in taxes result in paying even less in energy costs , no one is worse off.

Fortunately due to the massive scale of the United States, the economies of scale have merit here. Just as Wal*Mart buys items at a lower cost than those mom and pop stores it puts out of business, the government can use economies of scale to do the same. It is far less costly to pay one contractor to build ten miles of road, than pay ten contractors to build one mile each. Thus if used properly, taxes can be a good thing. Like a growing government contract, they can pool resources and bring prices down by sheer numbers.

Especially in the medical field is this appropriate. If one pays less in taxes, and thus pays far more for prescriptions, he may be happy for a moment until he considers the reverse option, of investing in his taxes to drive down prescriptions and make them far less expensive. Whether this is a success or failure, is decided by whether that citizen’s finances are better off.

The cumulative effort of all individuals, determines whether this nation should keep or scrap a policy.. Ideology of grand sweeping ideas, of say “Big government versus. Small government:” should have little to do with policy. Does it work or not work; that is the question for which a majority of Americans need the answers.

Across this generation saving levels have dropped. Americans seem to be more secure in their future and would rather spend on “now” than save for tomorrow where truthfully, that money will probably go to someone else: a hospital, nursing home, etc, etc…..The brilliance of the Clinton economy was that costs were held low for what ever reason across the board, thereby freeing up excess money for more goods and services.

Had the opportunity to watch the Health Care debate in Las Vegas. Here are some of the gems.

“We are looking at a system where people tell you the words you want to hear, but are less than forthcoming with plans to make it happen.”

“Half of the bankruptcies in this country are the result of people not being able to pay their hospital bills.”

“31% of the money in the insurance system goes toward the “for profit” system. Using that toward bringing down health costs would prevent financial insolvency.”

“Corporate profits, stock options, execuitive salarys takes 31% out of the healthcare dollar with no benefit to the health of anyone.”

“Doctors do testing to cover their backsides. do away with malpractice.”

“Take the profit out of medicine. Health care is a right, not a privelege,”

“Who has the courage and willingness to take a stand for the American people and take on the insurance companies who give us diminishing returns and insist on higher co-pays and higher deductibles.”

“How does Ameica plan to stay competitive against other countries with lower health care costs.”

“If Individuals hold on to more of their money, using only a fraction of the money to maintain the system. eliminate costs, purchase drugs by bulk, thereby passing the lower costs on to the economy”.

“Single pay, medicare option is the way to go. If people chose this option, this country could evolve. Competition among insurance companies is not the answer for competition drives up prices. Each company is cherry picking for the most lucrative health dollars, whereas the poor will get stuck on Walter Reed type government programs which will collapse under the strain, and a death spiral of the entire system will occur.”

“Some suggest that the government provide subsidies to insurance companies. Did it work for pharmeceuticals? Take insurance companies out of the picture. Health Care is a right.”

“The change will not happen through Congress. Are you kidding? They are beholden to too many lobbyists. Any attempt to change will be chopped up, water downed giving, no relief.”

“This country is literally bankrupt. Controlled by the military industrial complex, this country is whistling through the grave yard. You cannot trust a president. You can only trust the Amercan people. We need a plan where you chose the options. You know what is best for you. On this issue, you cannot trust the leadership. They have been screwing up for fifty years, have you had enough yet…..”

‘There is a role for the president. That is to change the culture. To energize the environment which sets a tone to demand from us the best that is in us. We diet all the time, but with a trainer we have a greater chance of success. The president is not an solution, the president is a tool, the people can use it.’

‘Lobbyists pay for the people who pay for the campaigns that pay for the candidates who pay for the marketers who manipulate you people to vote for those who have been told to suscribe to the view that was paid for originally.’ — Gravell

Donvitti brings up some interesting news. The rich are getting richer.

Whoopi, what’s wrong with that?

Nothing, if it happens as it did during the 1990’s. when each layer of income experiences some growth. However a potential problem occurs whenever an upper bracket increases its own prosperity at direct cost to everyone else.

This is dangerous. Throughout most of the economic cycle, whenever a large percentage of wealth remains locked into goods and services, the economy remains more resilient to little fluctuations.

But as more and more of a higher percentage of any nation’s GNP is invested in speculative markets, throughout history, a crash has occurred immediately after.

In plain talk, if your business reinvests some income in itself, it is better able to weather the little hills and valleys covering the economic landscape. But if that business, rapes its assets, to utilize them on speculation, and an economic pitfall unexpectedly materializes, then ALL is lost in an instant.

That happened to this country in 1929.

Every water heater or boiler is built with a safety valve. That was because houses in the old days used to explode. For our sake, before it is too late, a safety valve needs to be reinstalled on our economy.

A start would be the expiration of tax cuts. That is a quick, if not unsavory, method of returning to fiscal sanity. Being conducted in open forums with spirited debate, may just stave off a financial meltdown that data shows us may lurk right around the corner.