Great Commentary ... Thx Paul C and Terry M!

 

Fwd: FW: WStreet Market Commentary Inbox x 5:10 AM (1 hour ago) ---------- Forwarded message ---------- WStreet Market Commentary To:   Subject: WStreet Market Commentary HAVING THEIR CAKE... By Charles Payne, CEO & Principal Analyst 2/14/2014 8:05:06 AM Eastern Time David Won, We Litigate Against Goliaths Everyday -Valorem Law Group In a nation bulging at the seams with $17 trillion in debt and much more in unfunded promises, one would think there would be ideas about curbing spending and reducing promises. Instead, the welfare society is the focus, where the president proudly talks about 46 million people on food stamps, and where the plethora of social transfer payments means more debt, and more unfunded promises. Even with the shenanigans of the Federal Reserve, money printing is the underlying economic law about which one of Margaret Thatcher's most famous warnings is coming to pass. "The administration is indeed running out of other people's money. " So, what to do now?  Go after one of the last honey pots out there -corporate cash. Yes. In addition to having the highest corporate tax rate in the world, there is a scheme brewing out of Chicago to take an even bigger chunk. The Valorem Law Group is asking Attorney Generals in several states to consider a lawsuit against fast-food, and others in the food chain (no pun intended) of unhealthy eating options and choices. The playbook is not unlike the one used to eventually extract $246 billion from the tobacco industry.  It would make sense; this desperate move at some point will get backing from the administration and the media. Couple this with attempts to make low-margin businesses pay higher minimum-wages, and hijack repatriated profits from large corporations, and make them all pay a fortune in higher healthcare costs, and make them  adhere to a never-ending mountain of regulations. It's an audacious money grab, but the kind of desperation comes with reality getting closer and closer. The nation is straining to grow, while millions are being encouraged not to lend a hand, and millions more are being seduced to work less and even still, millions more are totally demoralized. The nanny state isn't just about rules that govern every aspect of our lives; it is about paying our bills, removing  our wants, and making us happy. To pull this off, we must forget achievement and settle for sameness, along with a quality of life that isn't superior or grand. The duel methods for making this happen continue to be redistribution: Redistribution of Accountability & Redistribution of Wealth The insane notion that people are victims because they eat themselves into a diabetic coma is nonsense.  To stand in this line as a victim means you not only lack total self-restraint, but are devoid of any self-esteem.  As an overweight person, I've delighted in the things I've put into my body, understanding that at some point I have to change or pay a heavy (no pun intended) price. But I would never blame someone else. That would be saying that in addition to it all, I'm just plain stupid. It's one thing to have limited will power in the presence of a fresh apple pie, but it is another to say you didn't know it had a lot of calories. Like all parts of the Faustian deal, that's the hallmark of a Welfare Society; it's not enough to take a lot of free stuff and live with lower self-esteem, but one must sell their soul and tell the world they're dumb, lazy, and unreliable. There was a time when Americans took pride in fighting Goliath with their wit and determination; there was a time when we loved the journey as we sought each day to improve our lives. There was even a time when we'd eaten a cheeseburger, felt guilty and then hit our exercise bike later in the evening to try and fix it. Now, professional ambulance chasers, along with government ideologues are saying, sit back and let's make things right. The fact is they will be the ones, who will  get even more bloated with settlement funds, and an even larger waist-band. Big government is becoming even bigger, while you will still be free to eat your junk food anyway. That will never be right... Delivery, and or timely delivery of Internet mail is not guaranteed. 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Details for Terry Minch

Where are the three who brought Wall Street down?

WHERE ARE THEY NOW? Surprise.... Answer The three who brought down Wall Street. Here's a quick look into the three former Fannie Mae executives who brought down Wall Street. Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae's accounting activities. Raines left with a "golden parachute valued at $240 Million in benefits. The Government filed suit against Raines when the depth of the accounting scandal became clear. Tim Howard - was the Chief Financial Officer of Fannie Mae. Howard "was a strong internal proponent of using accounting strategies that would ensure a "stable pattern of earnings" at Fannie. Investigations by federal regulators and the company's board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004. Howard's Golden Parachute was estimated at $20 Million! Jim Johnson - A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. Investigators found that Fannie Mae had hidden a substantial amount of Johnson's 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million." Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae. Johnson's Golden Parachute was estimated at $28 Million. WHERE ARE THEY NOW? FRANKLIN RAINES? Raines works for the Obama Campaign as his Chief Economic Advisor. TIM HOWARD? Howard is a Chief Economic Advisor to Obama under Franklin Raines. JIM JOHNSON? Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee. Kinda makes you sick to your stomach.

Occupy Wall Street is a play ... thanks Judi !

You Are Watching a Play -

The Occupy Wall Street movement, with their nonstop press coverage is a play that is being put on by the Obama administration’s reelection campaign.




The first thing to notice is that the press coverage of this event is on every network and is running nonstop. Since talk radio covers the main stream press, they too are covering this story. Remember that the Tea Party had 1.2 million people march on Washington DC and they didn’t get this much coverage. Glenn Beck had 650,000 people fill the Washington DC Mall, and it didn’t get this much coverage. Yet, Occupy Wall Street with a few thousand at best, is getting 24 hour, nonstop press coverage. Why?







It’s a small world -



Occupy Wall Street is taking place in Zuccotti Park, a private park owned by a private corporation called Brookfield Office Properties (BOP). Mayor Bloomberg claims he can’t clear the protesters, who are defecating in the park and blocking local businesses, unless the park’s owners ask him to clear the park...and they ain’t asking. The mayor’s longtime girlfriend, Diane L. Taylor, is on the Board of Directors for Brookfield Office Properties. Brookfield Office Properties is a major client of the newly created lobbying firm, Oldaker, Biden, and Belair (OBB). Yes, that’s Vice President Biden’s son, Hunter. OBB and BOP have been wildly successful in receiving hundreds of millions of dollars in government grants for green energy projects similar to Solyndra. In fact, just last week, as they protesters occupied their New York private park, Zuccotti Park, they got a fresh $168 million from the Obama administration. It’s a small world after all, it’s a small world after all, it’s a small, small world.







It gets better -



Who is Zuccotti? It turns out John E. Zuccotti, the man for whom the park is named, is a longtime member of the Board of Directors of WellPoint Health Networks, an HMO. This company received very favorable treatment in the ObamaCare legislation and stands to make billions when it is fully implemented.







Conclusion -



The protesters are protesting corporate greed in a private corporate park owned by Obama insiders. The Obama campaign is getting billions in free air time for their central campaign message that our economic problems are the result of Wall Street corporate greed which the Republicans refuse to regulate. Obama is the largest recipient of Wall Street money in history and has refused to prosecute the people responsible for the 2008 economic collapse.







When you take a government to the left, toward socialism, you necessarily open the door for more government corruption as someone has to confiscate the wealth before it can be distributed. Obama is distributing the money to people who support his campaign.







Counterargument -



The useful idiots in the park are arguing for distributing the wealth. You could hit them with the above arguments, but there is an easier argument. As governments move toward socialism the middle class shrinks. Look at Venezuela, Cuba, North Korea, and even Sweden. Sweden’s middle class was built up before 1970 when they were not socialist. Since that time it has been shrinking (similar to the U.S.) and they are moving away from those policies.



Brookfield Office Properties Board of Directors:



http://www.brookfieldofficeproperties.com/content/corporate_governance/board_of_directors-16350.html?Page=2



Some of BOP and OBB lobbying efforts:



http://www.opensecrets.org/lobby/clientsum.php?id=D000032147&year=2003



http://www.opensecrets.org/lobby/clientsum.php?id=D000032147&year=2002


ObamaCare favors WellPoint




http://www.forbes.com/forbes/2010/0719/investing-wellpoint-marvell-technology-makers-breakers.html