COUNTDOWN TO COLLAPSE: The Recovery is Not Recovering

[Donnachaidh]

http://www.anewwayforward.org/blogs/2010/08/13/countdown-to-collapse-the-recovery-is-not-recovering/

Financial journalist Charles Gasparino whose career trajectory took him from Newsweek to CNBC to Fox News was on with Bill O’ Reilly doing what the host of the factless Factor likes to do the most: promote Fox News. In the course of their self-promotional banter, Gasparino let sip an unverifiable story about a meeting of top CEOs speculating about whether President Obama really is a secret Socialist.

Stories like this, invented or not, freak a White House ever eager to reassure the business world of their loyalties. That is no doubt why Robert Gibbs, the President’s Press Secretary took a whack at the “professional left,” a statement he later said had been “inartful” but did not withdraw.

Writing on OpEd News, Kevin Gosztola was not surprised:

“While circumstantial, the best evidence for why Gibbs would feel like uttering the aforementioned remarks is the shift of money from Wall Street to Republicans ahead of the election… The Democrats earned 57 percent of campaign contributions from securities and investment industries.

The situation compels the Obama Administration, especially White House press secretary Gibbs, to whip the left and the sections that are most listened to by voters into line not only because money from business interests needs to swing back the other way but because disappointed and disillusioned voters will likely stay home, not donate to Democratic Party campaigns, not make phone calls, and refuse to go door-to-door canvassing prior to Election Day if they do not fall in line.”


More at the link ---

[Dulcinea]

1. What recovery?!

Unemployment is still much too high, people are losing homes & hope....Need I go on?

[JoePhilly]

13. Let's put the GOP back in power, that should help. nt

[gateley]

2. It's not working for *us* - It's working just fine for the architects and their ilk. nt

[Warpy]

3. Wall Street is facing another Big Dump

as the commodities bubbles burst and take the Dow with them as institutional money flees into anything it thinks it can create the next bubble with after it's parked in cash and t-bills for a while, 2008 all over again. Hold onto your hats, it's going to be a bumpy economy.

That's the double dip recession the Wall Streeters have warned us about, one that hits investors disproportionately.

The non investor class has experienced only the same recession that has dragged on and on, things getting measurably worse by the day. The double dip recession will have no meaning at all to them since they've been living in a near depression, not seeing any sort of recovery at all.

Things always have to hit rock bottom before the government finally does its job, mobs at the gate and the ultra rich no longer having the kind of wealth it takes to buy Congress. Only then will they do what they should have done years ago: abandon Reaganism, re institute the progressive income tax and heavy regulation on business, and start cutting the Pentagon down to a reasonable size.

[L0oniX]

4. Duh! ...and lock step is for Nazis and I ain't gonna do it. Keep kissing corporate ass ...bastards!

[OHdem10]

5. Acting Guilty is no answer. They look guilty when they attack

someone else.

Some excuse to "Sista Soulja" the left.

If we have CEOs this stupid, God Help us.

[dtotire]

6. Another Stimulus Is Needed n//m

[TheWatcher]

17. No, it is not. More "Thank God It Passed!!!!!!11111" Give Away's to the Banksters are not needed.

Nor will they fix anything.

Creating More Bubbles is not the answer.

It didn't fix anything in 2002, it didn't fix anything in 2009, and it won't fix anything when the Current Bubble Collapses.

[TheWatcher]

23. Please read this and educate yourself, instead of falling for Propaganda and "Solutions" that aren't

designed to Solve anything.

http://www.zerohedge.com/article/guest-post-mass-delusion-american-style

[Poboy]

7. kr

[DeschutesRiver]

8. Jim Cramer was on Morning Joe the other day

and he said that Wall Street was furious with Obama for stirring up the country and getting them pissed off at the bankers and investment houses.

Like their dirty business practices had nothing to do with it. Cramer said that they were "angered" by having their industry called nothing more than a casino. And now Gasbag is saying things along the same line. I heard in the recent past that CNBC viewship is down dramatically.

[glitch]

9. It's never their fault. They can steal trillions, but it's only their rightful due.

This is why you can't cave in to terrorists.

Obama should have given them something to complain about.

[DeschutesRiver]

10. I am officially a pessimist on this issue

I no longer believe that any administration is ever going to give that group a legitimate reason to complain or fear that that they will lose their control over society.

Ever.

[glitch]

11. I think that's part of the deal whenever we "change" governments.

Wish I could cheer us up on that.

Edit: I think we the people only have access (such as it is) to one channel of power: Congress. Actually having a President working for US hasn't happened in decades. We need to give this Administration a Congress so Progressive they can't play chess as usual.

[DeschutesRiver]

16. Do you think we actually could turn Congress progressive?

I'm not certain I'll live to see that happen in my lifetime; that said, I will vote with hope, and try to persuade others to change their perspectives. I still have short bursts of optimism, but not as frequently.

Probably because I am getting older, and humanity isn't getting any wiser. Here's to hoping that we get lucky and see some meaningful progress in the near future.

[glitch]

20. I don't know, but I am certainly not going to roll over for these people.

I say get the minimum for a Dem congress so we have the leadership, then pack the House and Senate with as many Progressives as we can get.
I also think they rig the elections so I vote just to make them steal it, eventually we might get a State's Attorney General willing to investigate and prosecute. They won't have anything to indict on if we stay home and give the elections to them.

But that's just me, I am cussed. :hi:

[DeschutesRiver]

24. After reading about people who plan to stay at home during the next elections

hearing from someone else who, like me, isn't willing to just step aside due to the difficulty of the battle to be fought or the bad odds, did cheer me up a bit. I don't know what our votes will get us this time or the next, but I don't want the kind of world that the opposition sees as "normal". I'd have to be tied up and dragged there kicking and screaming all the way.

If we can't win it, then at least we can be a thorn in their sides until something good breaks our way. I might be older, but being fierce is in my genes, and that attitude of mine needs to be taken out and exercised regularly. Take care ~:hi:

[glitch]

25. You and me, kiddo! :) nt

:hi:

[ThomWV]

12. Private sector jobs were up by 70,000 last month, and that's at least a sliver of recovery.

[Donnachaidh]

14. but wasn't the unemployment new files UP as well?

I'm sorry, but 480K+ NEW unemployment filings versus 70K jobs is STILL a HUGE problem. And as long as we serve up these dribblings of jobs, while not acknowledging the THOUSANDS losing jobs - we won't get the sort of pushback from the public we need to drive the government to do SOMETHING of substance.

[sendero]

15. The big players..

... have figured it out. There never really was a recovery, but the white house and the money men thought they could talk their way into one.

That's not going to work. Plan B coming up, Quantitative Easing 2.

[TheWatcher]

18. "Plan B coming up, Quantitative Easing 2."

Which will fix nothing and only further delay the inevitable, by making it worse.

But many will "Thank God It Passed!!!!!!11111" Anyway.

:crazy:

[sendero]

19. Depends on how they do it..

... but most likely, yes. Right now, I'm up for another delay of the inevitable :)

[TheWatcher]

22. Perhaps that is all we have left, my friend.

In the mean time, for some sanity, read this.

http://www.zerohedge.com/article/guest-post-mass-delusion-american-style

This should be posted in every thread on this Board until the true Believers finally get it.

[marmar]

21. They're out of lipstick for the recovery pig

nt

[Skidmore]

26. Quick! Grab the sky...

it's falling!