Originally Posted by logikal
Here's what will happen. They will eventually remove "handguns" from the bill to make it look like a good compromise and it will pass.Originally Posted by devil21
This is generally the playbook they go by. First bill is so egregious that removing the most heinous of measures makes it look reasonable by the time it gets to the floor of Congress. The NRA will swoop in to claim a "victory" (compromise) for gun owners while the elite still get what they wanted all along, which is a ban on equipment that could rival that of their goons.
Ben Bernanke, 8/31/12, Jackson Hole Speech aka QE AD INFINITUM:
"...Taking due account of the uncertainties and limits of its policy tools, the Federal Reserve will provide additional policy accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability..."
I draw particular attention to POLICY ACCOMMODATION AS NEEDED.
Into this quagmire longer than we've been stuck in Afghanistan, JAPAN just passed an Economic Stimulus package.
Japanese public debt is 200+ percent of GDP. I do not observe Deciders committing seppuku in disgrace.
Latterly golden, now platinum, parachutes are ALL about Soft Landings.
"Ranking" Public Officials effectively have 'em, too...parachutes.
Like bowling with bumpers.
Last edited by cheapseats; 01-11-2013 at 03:09 AM.
Set aside the palaces and empires of the Uber Rich. Consider "only" the Officials & Executives who are Implementers/LACKEYS for Deciders.
Expensive (valuable) well-appointed digs in safe 'hoods (MANY gated/walled), preferential treatment in Society AND before the Law, AMAZING pensions, lotsa PERKS, chauffeur-squired town cars, personal security, family security, assorted OTHER advantages for spouse/offspring, private schools, investment portfolios, vacation homes...Kent Conrad bought HIS SECOND HOME with a "sweetheart deal" from gansta Anthony Mozillo; Chris Dodd ALSO received a sweetheart/VIP "Friends of Anthony Mozillo" mortgage; both claimed they DIDN'T KNOW (Dodd was on the powerful Senate BANKING Committee).
In 2009, maybe even 2010, when I was I still bothering to continue to rant at a go-along-to-get-along Money Man at Merrill Lynch...which was up to its EYEBALLS in the quote-unquote Financial Crisis and which lost LOTS of money on low-risk-protect-the-principal portfolios...I was STILL ranting about our BOTTOM-LINE NEED to throw the friggin' book at Asshole Executives, he said something patronizing like "Don't worry, there's time, they'll get to that eventually." Yada yada about "all asset classes" taking a 50% cut but, LOOK, how we're on the road to recovery, yada yada.
E. Stanley O'Neal was the (nobody mentions FIRST BLACK) Chief Executive Officer at Merrill Lynch during the halcyon days of bundling and trading high-risk mortgages (and of Houses betting against their Clients, it bears never forgetting). He sashayed with a BONUS of over $50,000,000. FIFTY-FIVE POINT SIX MILLION, if memory serves. Sometimes I have a memory like a steel trap, sometimes I have a memory like Bush-era Attorney General Alberto Gonzales.
E. Stanley O'Neal sashayed from Merrill Lynch onto the Board of Directors at ALCOA.
Be assured that Deciders & Implementers CAN keep the charade alive for THEIR meaningful futures. Look to Japan, look to Japan.
Our "representatives" have voted themselves the power to kick this can LONGER THAN WE WILL LIVE. They have kids & grandkids.
ROOTING FOR/"ASSISTING" COLLAPSE is entirely different from TAKING ACTION to at least TRY to stop...to at least curb/mitigate...the psychotic, criminal-in-spirit-of-Law ABUSE OF POWER.
Last edited by cheapseats; 01-14-2013 at 08:40 AM.