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The Empire Continues to Strike Back: Team Obama Propaganda Campaign Reaches Fever Pitch ♦♦ Author: Yves Smith ♦♦ Naked Capitalism
03/10/2010
You want change you can believe in? Me, too. We're going to have to do it ourselves. Obama, Washington and Wall Street want anything but change. They already have 2 years of our lives to pay for their bad decisions. Are you ready to give them 5 more? 10 more? Propaganda at the mass level has to be defeated on the one-on-one level. We are all footsoilders for truth now. Don't be a pawn.
 

 

Watch Papandreou and see if he can put a straitjacket on hedge funds ♦♦ Author: Edith Fletcher ♦♦ PoliticalPosts.com
03/09/2010
 

 

Obama's Housing Shell Game; Short Sales and Relocation Assistance ♦♦ Author: Mike "Mish" Shedlock ♦♦ Global Economic Trend Analysis
03/09/2010
OK ... everybody ... nobody pay your mortgages and we'll right this country with consumer spending. Well ... maybe that's hyperbola. But ...there is no doubt that moral hazard isn't one of Obama's strong points.
 

 

Greece urging US to better regulate hedge funds ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/09/2010
Desmond Butler -AP -- Urgiing US to step up regulation of hedge funds that Athens blames for making Greece's economic crisis worse. Join the club. They made ours wose over a year ago & nothing has been done
 

 

The Problems of Recovery ♦♦ Author: John Mason ♦♦ Mase: Economics and Finance
03/09/2010
A brave new world ... looking toward the future.
 

 

APNewsBreak: Pa. coal town claims 'massive fraud' ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/09/2010
Michael Rubinkam -AP -- Centralia residents claim fraud by parties trying to grab mineral rights to hundreds of millions of dollar worth of coal. File in state court of appeals to keep PA officials form seizing their homes.
 

 

U.S. Online Ad Spending To Overtake Print ♦♦ Author: AAA Staff ♦♦ CBS News
03/09/2010
Financial Times -- U.S. online advertising and marketing spending will overtake print this year as traditional media spending continues to decline. Online spending is forecast to rise 9.6 per cent to $119.6bn, while print spending will fall 3 per cent to $111.5bn.
 

 

Runaway Prius Stopped in Nick of Time ♦♦ Author: AAA Staff ♦♦ CBS News
03/09/2010
CBS/AP -- The 94-mile-per-hour incident occured in a car that dealership turned away as "not on the list" It happened 2 weeks after owner had received a recall notice.
 

 

Merkel says EU bailout fund would halt speculators ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/09/2010
AP -- German chancellor says Merkel says a European monetary fund to bail out eurozone nations in need would send a clear signal to markets speculating on the possible break-up of Europe's currency union.
 

 

Texas officials lobby feds for beefed-up border checkpoints ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/09/2010
Richard Dunham -- year after Texas ports of entry were snubbed in the federal stimulus package, a coalition of border officials lobbied lawmakers Monday to provide $6 billion for infrastructure improvements and more personnel.
 

 

Army tech seminar shows warfare's future ♦♦ Author: AAA Staff ♦♦ Washington Times
03/09/2010
Shaun Waterman -- Electromagnetic pulse guns, genetically designed killer diseases and swarms of miniature self-guided missiles may be among future surprises for the US. Acdemics, officials, scientists and sci-fi writers are brainstorming the ideas.
 

 

Activists tell Obama to protect illegals ♦♦ Author: AAA Staff ♦♦ Washington Times
03/09/2010
Stephen Dinan -- Immigrant right groups demanded that the prez impose a full moratorium on deportations saying his policies have been worse for their cause than Bush's. O could regain heir support by leading fight to legalize illegal immigrants.
 

 

Poll: U.S. has lost global standing under Obama ♦♦ Author: AAA Staff ♦♦ Washington Times
03/09/2010
Joseph Curl -- The world was supposed to like us better, but now we think they don't. 31% think we're on the "right tract" & 62% think we're on the "wrong tract."
 

 

Are unemployment benefits no longer temporary? ♦♦ Author: AAA Staff ♦♦ Washington Post
03/09/2010
Michael A.Fletcher & Dana Hedgpeth -- Critics say a temporary bridge for laid-off workers is turning into an expensive entitlement. About 11.4m out-of-work people now collect unemployment compensation, at a cost of $10b a month & can collect for 99 weeks.
 

 

Analysis finds uneasy mix in auto industry and regulation ♦♦ Author: AAA Staff ♦♦ Washington Post
03/09/2010
Kimberly Kindy -- Former National Highway Traffic Safety Admin. employees and Transportation Department appointees work for automakers as lobbyiests, lawyers & consultants to deal with government safety probes, recalls and regulations.
 

 

Former congressman Massa says Democrats set him up over health care ♦♦ Author: AAA Staff ♦♦ Washington Post
03/09/2010
Paul Kane -- Says Dems conspired to oust him after he opposed the health care lesgislation. Evidence of Dem's bare-knuckle political tactics to get the bill passed?
 

 

Some say the health care bill runs into a constitutional wall -- Week of March 8, 2010 notes ♦♦ Author: Edith Fletcher ♦♦ PoliticalPosts.com
03/09/2010
 

 

Obama takes health care show on road ♦♦ Author: Doug Thompson ♦♦ Capitol Hill Blue
03/08/2010
Trying to dazzle America with his horse manure, Obama takes to selling his healthcare. See ... so long as we're talking healthcare we aren't talking economics.
 

 

Kill Bill: Death to Obamacare! ♦♦ Author: Dave Lindorff ♦♦ This Can't Be Happening
03/08/2010
The Bill that Obama and Washington have crafted should be killed. Then ... maybe ... we can go about crafting one that will actually get the job done.
 

 

Requiem for a Lightweight President ♦♦ Author: Michael Brenner ♦♦ Huffington Posts
03/08/2010
The longest taps American politics has ever known is being sounded. You can hear the bugler's first notes when the din of infernal Washington subsides briefly in the darkest hours of these chill winter nights. It will haunt us until January 2013 - or, maybe, January 2017. The Obama star has begun its long, slow fadeout. We already ask ourselves: "Whither is fled the visionary gleam; where is it now the glory and the dream?" Barack Obama entered the White House with a large reserve of goodwil
 

 

Va. health bill could foil Obama proposal ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/08/2010
Michael Kranish -- Battle over a question that could undercut a key part of President Obama’s health care proposal: whether Washington can require that most Americans have health insurance. under The Constitution.
 

 

US budget strikes grant program that saved historic treasures ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/08/2010
ap -- Has saved hundreds of sites across the country. “The unfortunate thing is we had no warning’’ the program was being wiped out of President Obama’s budget,
 

 

Graham: Reconciliation Vote "Catastrophic" ♦♦ Author: AAA Staff ♦♦ CBS News
03/08/2010
CBS -- Such a move would bring a backlash to lawmakers - or stall progress on other issues for which bipartisan support has been built.
 

 

Insurers, Reaping Huge Profits, Hike Rates ♦♦ Author: AAA Staff ♦♦ CBS News
03/08/2010
CBS -- Major insurers are seeking premium hikes for individual policies - people not covered through work 56% in Michi., 25% in Calif., 20% in Oregon, Maine & Conn. & double digit increases in 8 other states.
 

 

It's standing room only for consulting ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/08/2010
LOREN STEFFY -- Consultant by day and Whataburger flipper by night. As more professionals are laid off by large employers, they're turning to consulting to make ends meet.
 

 

Loopholes in Fed plan give banks a break ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/08/2010
CANDICE CHOI AP -- The Fed left a lot of leeway for issuers to determine on their own what to do, in rolling back interest rates on credit cards. No "victory fro credit card user.
 

 

Barney Frank: The Liar Is (Again) In The House ♦♦ Author: Karl Denninger ♦♦ Market-Ticker
03/08/2010
Politics as usual? Politicians skirting responsibility for direct (and indirect) actions and their Bad results. No more bait and switch.
 

 

Reid's gaffe undercuts momentumRate this story ♦♦ Author: AAA Staff ♦♦ Washington Times
03/08/2010
Stephen Dinan -- he stepped on that message, taking to the Senate floor to praise that morning's news that the economy shed 36,000 jobs in February as "really good. He meant that the numbers were not as bad as expectations, but got clobbered.
 

 

Dems' splintering threatens health bill ♦♦ Author: AAA Staff ♦♦ Washington Times
03/08/2010
Jennifer Habrkorn -- rank-and-file House Democrats are struggling to support Mr. Obama's plan as they close in on midterm elections. Voters have become increasingly hostile to the effort.
 

 

Greek crisis poses challenge to euro ♦♦ Author: AAA Staff ♦♦ Washington Times
03/08/2010
Ptrice Hill -- Greek debt crisis has become the biggest test not only of the European Union, but of its fledgling currency, the euro. It had been enjoying newfound status as a reserve currency second only to the U.S. dollar.
 

 

Obama to discuss NASA's future ♦♦ Author: AAA Staff ♦♦ Washington Post
03/08/2010
Ed O'Keefe -- wants to give NASA an extra $6 billion over the next five years and abandon plans to return to the moon by 2020. The government would then help pay for the private construction of spaceships to ferry astronauts to the Moon, Mars and beyond.
 

 

With bank credit frozen, small U.S. businesses starting to turn to microlenders ♦♦ Author: AAA Staff ♦♦ Washington Post
03/08/2010
Ylan Q. Mui -- Financial institutions that specialize in small loans to mom-and-pop operations that are often below banks' radar. The average size of the LEDC's loans is $10,000 at a 10 percent interest rate.
 

 

Retired Army general to lead TSA ♦♦ Author: AAA Staff ♦♦ Washington Post
03/08/2010
Ed O'Keefe -- Comes after Erroll Southers withdrew from consideration in January following reports that he may have misled Congress about an incident in the late 1980s involving a background check of the boyfriend of his ex-wife.
 

 

If walls could talk they’d be joking around on every late-nite show -- Week of March 1, 2010 notes ♦♦ Author: Edith Fletcher ♦♦ PoliticalPosts.com
03/08/2010
 

 

Navy fires unusually high number of officers ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/07/2010
Craig Whitlock -- 6 since the start of the year, triple the usual monthly rate. A study found that personal misconduct was the leading cause of commanders losing their jobs not a major mishap on a ship.
 

 

President’s closest aide feels sting of public’s disaffection ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/07/2010
Mark Leibovich -- David Axelrod, “the guy who walks in front of the president with rose petals,’’ joked robert Gibbs, is tired of barbs thrown at him for his loyalty to the prez.
 

 

Toyota Circles the Wagons to Defend its Brand ♦♦ Author: AAA Staff ♦♦ CBS News
03/07/2010
Daniel Farber -- Toyota is facing at least 70 lawsuits, which could become a class-action, claiming injury from the alleged unintended acceleration. Claims research reports on the alleged acceleration are unverified.
 

 

Obama Turns Up Heat on Health Overhaul ♦♦ Author: AAA Staff ♦♦ CBS News
03/07/2010
AP -- Said GOP Rep. Parker Griffith, retired physician, "Forthem, health care reform has become less about the best reforms & more about what best fits their 'Washington knows best' mentality - less about helping patients and more about scoring political points."
 

 

States try to ban credit checks on job seekers ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/07/2010
KATHLEEN MILLER-AP -- Financial history can pose another hurdle for many desperately seeking work. 60% of employers recently surveyed said they run crdit checks on at least some applicants. In 2006, 42% said so.
 

 

Al-Qaida calls on US Muslims to attack America ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/07/2010
PATRICK QUINN -AP -- Al-Qaida's American-born spokesman on Sunday called on Muslims serving in the U.S. armed forces to emulate the Army major charged with killing 13 people in Fort Hood. Called them "high-value targets."
 

 

Monthly deficit hits record $223B in Feb. ♦♦ Author: AAA Staff ♦♦ Washington Times
03/07/2010
Stephen Dinan -- The biggest monthly deficit ever in February, topping $200 billion for the first time in history & marking a record 17th straight month the government has ended in the hole. It's not getting any better.
 

 

Iraqis defy intimidation to vote; attacks kill 26 ♦♦ Author: AAA Staff ♦♦ Washington Times
03/07/2010
Hamza Hendawi & Qassim Abdul-Zahra -AP -- Insurgents bombed a polling station and lobbed grenades to intimidate voters, killing 26 people, but voting went on anyway.
 

 

China: Not talking with Google on dispute ♦♦ Author: AAA Staff ♦♦ Washington Times
03/07/2010
AP -- A Chinese official says China has had no direct contact with Google over the company's threat in January to shut down its China-based search service. Some rports say they have had talks over the issue.
 

 

Washington lawyer Bob Barnett is the force behind many political book deals ♦♦ Author: AAA Staff ♦♦ Washington Post
03/07/2010
David Montgomery -- Clients include: Rove, Paulson, Palin, Kennedy, Bush, Cheney, Blair, Brown, Clinton, Clinton & Obama. All so well enough known that we don't have to mention their first names.
 

 

Thin wall separates lobbyist contributions and earmarks ♦♦ Author: AAA Staff ♦♦ Washington Post
03/07/2010
R. Jeffrey Smith -- Reports affirmed the strange dance that occurs between wealthy private interests & public officials in election season. A company treaurer said he'd never seen a donation proposal for a lawmaker who couldn't influence the company's earmarks.
 

 

Sunday Take: For fed-up voters, a buffet of gaffes ♦♦ Author: AAA Staff ♦♦ Washington Post
03/07/2010
Dan Bsltz -- Mark down this past week as a case study in why so many people are so angry with politicians and the practice of politics. Rangel, Paterson, Massa, RNC's "The Evil Empire," damage politicians as a class & add to public cynicism.
 

 

Emailed Obama Jokes From Late Night ♦♦ Author: Angie Pratt ♦♦ PoliticalPosts.com
03/07/2010
Ha, ha, ha ... from late night's comedians
 

 

You say you want a revolution? ♦♦ Author: Doug Thompson ♦♦ Capitol Hill Blue
03/07/2010
America's political problems have become our economic problems. You will not solve one without solving the other. Thank goodness we can solve the political problem by voting our current crop of politicians out in November.
 

 

The Underemployed Are Not Hopeful ♦♦ Author: Michael J. Panzner ♦♦ Financial Armageddon
03/07/2010
Unemployed Americans are a ticking timebomb. Do we really want to wait around and see if they explode? Politicians are betting that they'll take it -- grin and bear it. Gallup's been following the unemployed and they are not happy.
 

 

The Presidents Discuss Consumer Protection ♦♦ Author: Tim Iacono ♦♦ The Mess That Greenspan Made
03/07/2010
Ron Howard captures the Presidents in a enlightening discussion -- video
 

 

All You Need To Know About Bank Balance-Sheet Fraud ♦♦ Author: Karl Denninger ♦♦ Market-Ticker
03/07/2010
When fraud is this out in the open, it isn't an enforcement issue -- it's political. Our politicians by their actions and inactions have sanctioned this behavior. If you want to change the behavior ... you'll have to change politicians. All of them.
 

 

Partisanship comes in waves at US turning points ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/06/2010
Jim Abrams -AP -- Fierce political battle is a tradition ingrained in American history & tend to coincide with major changes to the nation as a whole.
 

 

McCain taps into Brown’s star power ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/06/2010
Matt Viser -- Hoping Brown’s two-day swing here can bolster his image with irate Tea Party activists and other conservatives. Phoenix residents seeking Brown’s autograph in a crush after the rally was surprising.
 

 

FTC: Web Site Security Seals Are Lies ♦♦ Author: AAA Staff ♦♦ CBS News
03/06/2010
CBS -- The FTC says to consumers that one of the largest firms issuing "Verified Secure Breach Proection" seals doesn't really verify much at all.
 

 

Obama to Meet With Senators on Immigration ♦♦ Author: AAA Staff ♦♦ CBS News
03/06/2010
AP -- The president is "looking forward to hearing more about their efforts toward producing a bipartisan bill," W.H. spokeman Shapiro said. Looking for that illusive illusion again.
 

 

Judge clarifies ruling criticizing death penalty ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/06/2010
Brian Rogers -- Despite criticism, Judge Fine said he was declaring the death penalty unconstitutional because he believes innocent people have been executed. Assistant DA says you're just striking down the way we try death penalty cases.
 

 

This win seems to be out of right field for a Dem ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/06/2010
Chris Moran -- Democrat Kesha Rogers with ties to LaRouche calling for Obama to be impeached as centerpiece of her campaign for Congress, and on Tuesday she won the nomination of her party. It was no stealth campaign
 

 

GM reinstating 600 dealerships ♦♦ Author: AAA Staff ♦♦ Washington Times
03/06/2010
Dan Strumpf -AP -- To reinstate 661 dealerships it sought to drop from its sales network. It's an ill Toyota wind that blows nobody good.
 

 

9 more U.S. airports get body scanners ♦♦ Author: AAA Staff ♦♦ Washington Times
03/06/2010
AP -- U.S. heightens its effort to detect hidden explosives and contraband amid a threat highlighted by an attempted bombing on Christmas Day.
 

 

Rights groups slam rumors of Obama flip on KSM trial ♦♦ Author: AAA Staff ♦♦ Washington Times
03/06/2010
Kara Rowland -- Trying the conspirators in military tribunal would leave his staunchest allie out on a limb. America's enemies "certainly should be delighted with what appears to be great confusion... and inability to address the issue."
 

 

National debt to be higher than White House forecast, CBO says ♦♦ Author: AAA Staff ♦♦ Washington Post
03/06/2010
Lori Montgomery -- Proposed tax cuts for the middle class account for nearly a third of the $9.7 trillion national debt predicted by congressional budget analysts.
 

 

Massa resigns; Democrats' ethical lapses could threaten hold on power ♦♦ Author: AAA Staff ♦♦ Washington Post
03/06/2010
Perry Bacon, Jr. -- Republican ethics scandals and Democrat ethics scandals keeps both parties from sitting on the moral high ground. The public grows more cynical and disgusted day by day. The whole crowd is on shaky ground.
 

 

How the Constitution, filtered by the high court, affects guns ♦♦ Author: Geroge Will ♦♦ Washington Post
03/06/2010
It is said, more frequently than precisely, that the reasons the Supreme Court gives for doing whatever it does are as important as what it does. Actually, the court's reasons are what it does
 

 

Consumer Protection: Complexity is the handmaiden of deception ♦♦ Author: Edward Harrison - ♦♦ Credit Writedowns
03/05/2010
Dazzle them with manure and disappear in a blast of concealing smoke.
 

 

Obama approach at odds with past views ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/05/2010
Calvin Woodward -- The prez is trying to achieve a health care overhaul the way he once said it couldn't, and shouldn't, be done. pass the legislation with a bare majority in the Senate instead of the broader majority he favored as a presidential candidate.
 

 

Genocide resolution draws ire ♦♦ Author: AAA Staff ♦♦ Boston Globe
03/05/2010
Farah Stockman -- Turkey rebukes panel for OK’ing measure. House Foreign Affairs Committee narrowly passed a nonbinding resolution that condemns the World War I-era killings of Armenians as genocide. W.H. says it will ange Turkey,our ally in Middle East.
 

 

Banks Expand Small-business Loans ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/05/2010
AP -- Banks Make Big Promises On Small-business Loans, But Can They Deliver? Banks know what the public wants to hear: They're lending money to the little guys.don't expect to know many details on how they're delivered..
 

 

Beleaguered Toyota holds rally with workers, dealers ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/05/2010
AP -- “Let's go with high spirits, have fun and be confident while staying humble,” Toyoda, choking up and wearing a workman's jacket, told 2,000 workers at headquarters. “We are making a start today.”
 

 

Clashes in Athens as Greek PM seeks EU debt help ♦♦ Author: AAA Staff ♦♦ Houston Chronicle
03/05/2010
AP -- More than 7,000 demonstrators gathered to protest the euro4.8 billion ($6.5 billion) package, which will hike consumer taxes and slash public sector workers' pay by up to 8 percent.
 

 

Captain, We Cannot Withstand Another Attack ♦♦ Author: Karl Denninger ♦♦ Market-Ticker
03/05/2010
Ready or not ... the illusion of control and chaos theory run into each other.
 

 

Time … and money … the tax that truly hurts ♦♦ Author: Angie Pratt ♦♦ PoliticalPosts.com
03/05/2010
You don't have my signiture and I've verbally told you know no. This mortgage contract for America by OBama, Washington and Wall Street is unacceptable.
 

 

Hacker training for the Troops ♦♦ Author: AAA Staff ♦♦ Washington Times
03/05/2010
Bill Gertz -- Pentagon has ordered all troops and officials involved in protecting computer networks from enemy hackers to undergo training in computer hacking themselves in understanding as many as 150 hacking techniques.
 

 

China rhetoric raises threat concerns ♦♦ Author: AAA Staff ♦♦ Washington Times
03/05/2010
Bill Gertz -- Recent statements by Chinese military officials indicate the communist government in Beijing is shifting its oft-stated "peaceful rise" policy toward an aggressive, anti-U.S. posture.
 

 

Brutal DEA agent murder reminder of agency priority ♦♦ Author: AAA Staff ♦♦ Washington Times
03/05/2010
Jerry Seper -- Appalling murder inspired hope of beefing up the DEA, but only a few small increases have occured along with a big decrease. And drugs are funding global terrorists.
 

 

Greek debt crisis could raise problems for U.S. and other countries ♦♦ Author: AAA Staff ♦♦ Washington Post
03/05/2010
Neil Irwin -- Any default or near-default raises investor's doubts that debts of other countries are safe, including Spain, Italy and even Britain and the United States.
 

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