US officials believe Iran sanctions will fail, making military action likely and Obama a war president

Are US officials preparing the US public for war with Iran, a nation which hasn’t attacked another country in hundreds of years? It’s beginning to sound like it more and more. The reelection plan may be to make Obama a war president.

Click here for the rest of the story

Read Full Post »

Greek Bailout Deal Edges Nearer as Greece Disolves Like Alka-Seltzer in Water

European governments are giving Greece a bailout. However, the best thing for Greece is to leave the Eurozone and reestablish its old currency. That way the Greek government will be in charge of stimulating its economy. The government is selling off islands and ports in order to stay afloat. That won’t work, except perhaps in the short run. Greece’s problem is simple. It can’t stimulate its economy using fiscal policy. At some point, Greece may need to leave the Eurozone, along with most of the zones other nations.

click here for the complete story

Read Full Post »

Insight: In Israel, an illegal outpost faces its reckoning

(Reuters) – The Jewish settlement of Migron perches high on a blustery hill in the occupied West Bank. Its inhabitants pay taxes, are hooked up to the electricity grid and get round-the-clock protection from Israeli soldiers. There’s only one problem. The Israeli Supreme Court says the settlement is illegal.

click here for the complete story

Read Full Post »

Exclusive: SEC widens probe of exchange-traded funds

(Reuters) – U.S. securities regulators have widened their inquiry into the trillion-dollar market for exchange-traded funds, according to a person familiar with the matter. Something is wrong with this picture. The SEC has been on Wall Street’s leash for more than a decade. Maybe Obama has decided to do some election year policing of his Wall Street buddies. This is a surprise.

click here for the complete story

Read Full Post »

eisenhower’s warning against the military industrial complex

President Eisenhower warned against vested interests having undue influence over government officials. Here is a video of his warning against the encroachments of the military industrial complex.

Read Full Post »

Even Severely Conservative Critics of the Social Safety Net Increasingly Depend on It

The economy is in shambles, even if there might be occurring some short-term improvement. In the long-term, say over the next five years, if not sooner, things are going to deteriorate. That’s why even severely conservative people continue to use the government social safety nets more and more.

More of the national income is going to the rich every day. That means there’s less money for the 99 percent to demand more goods and services, which is what creates jobs. Giving more of the national income to the rich actually destroys jobs and wrecks the economy for the rest of us, decreasing demand, and sends most of the rest of us into third world style poverty. We’ve probably already stepped through the door into that world.

Click here for the complete story

Read Full Post »

Republicans: Moochers off the Government

Paul Krugman has it right again.

Click here for the full story

Read Full Post »