The Democrats and Independents sure were satisfied in November when they re-elected the savior. Then they got their 1st paycheck in January and realized they were the rich that Obama was taxing. In an epic plunge, Democratic satisfaction with the state of affairs in this country went from 64% to 34% in four months. Don’t they believe their savior? The country is in full recovery mode. Jobs are being created left and right. Housing is booming again. Obamacare is going to make us healthier and reduce our annual premiums by $2,500. Why so glum Democrats? Rejoice!!! All hail Obama.
How could overall satisfaction with the state of affairs in this country be 40% lower than it was during the depths of the recession in 2009? Is it possible that only the 1% benefitted from the “recovery”? Isn’t the stock market reaching all-time highs reflective of how great everyone is doing? Inquiring minds want to know.
March 19, 2013
U.S. Satisfaction Down to 21%
Democrats remain more satisfied than independents or Republicans
by Frank Newport
PRINCETON, NJ — Twenty-one percent of Americans are satisfied with the way things are going in the U.S., down from 27% in February, and the lowest such reading since June 2012.
These data are from a Gallup survey conducted March 7-10. The current satisfaction level is not only lower than the 25% and 27% measured in January and February of this year, but is also below the 26% average for all of 2012. Only two months’ readings in 2012 — January’s 18% and June’s 20% — were lower than the current 21%. The all-time high satisfaction reading was 71% in February 1999, and the all-time low was 7% recorded in October 2008.
Democrats continue to be significantly more satisfied than either independents or Republicans, although Democrats’ satisfaction is down to 34%, from 47% last month. Independents’ satisfaction is down by seven percentage points, while Republicans’ is essentially the same as last month.
Implications
Satisfaction with the way things are going has retreated from the higher readings measured in the fall of 2012 and in the first two months of this year. The March update is the first since the sequestration went into effect on March 1, although it is difficult to pinpoint exact reasons for this month’s decline.
Despite the monthly ups and downs, a big-picture perspective shows that Americans’ satisfaction with the way things are going in their country has remained low for years now. The last time more than half of Americans were satisfied with the way things were going in the country was in January 2004.
There are other negative signals from Gallup trend measures of America’s mood. President Obama’s job approval rating has been trending downward from the higher levels reached from October through last month. Congressional job approval is also down in March, and near its all-time low. And, although up last week, economic confidence has been somewhat lower on average in March than it was in February.
Survey MethodsResults for this Gallup poll are based on telephone interviews conducted March 7-10, 2013, with a random sample of 1,022 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.For results based on the total sample of national adults, one can say with 95% confidence that the margin of sampling error is ±4 percentage points.Interviews are conducted with respondents on landline telephones and cellular phones, with interviews conducted in Spanish for respondents who are primarily Spanish-speaking. Each sample of national adults includes a minimum quota of 50% cellphone respondents and 50% landline respondents, with additional minimum quotas by region. Landline telephone numbers are chosen at random among listed telephone numbers. Cellphones numbers are selected using random digit dial methods. Landline respondents are chosen at random within each household on the basis of which member had the most recent birthday.
Samples are weighted to correct for unequal selection probability, nonresponse, and double coverage of landline and cell users in the two sampling frames. They are also weighted to match the national demographics of gender, age, race, Hispanic ethnicity, education, region, population density, and phone status (cellphone only/landline only/both, cellphone mostly, and having an unlisted landline number). Demographic weighting targets are based on the March 2012 Current Population Survey figures for the aged 18 and older U.S. population. Phone status targets are based on the July-December 2011 National Health Interview Survey. Population density targets are based on the 2010 census. All reported margins of sampling error include the computed design effects for weighting.
In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.
Below is a kernel of truth within an empire of lies.
Hourly pay for American workers rose 2.6% in the fourth quarter, but adjusted for inflation, earnings only increased 0.4%. What’s worse, inflation-adjusted hourly wages fell 0.6% for the full year, following a revised 0.6% decline in 2011. Only the three-year period of 1993-1995 was worse for American workers. – Marketwatch -3-7-13
It’s information like this that goes over the heads of the math challenged American public. Ben Bernanke, the bankers that run this country, and the puppet politicians count on the fact that our horrible government run public education system will successfully dumb down the masses to such an extent that they will never figure out how inflation has ruined their lives and their country. The disconnect between the ruling class and the serfs has never been more evident than now. The stock market is hitting new highs every day while we’re in the midst of a recession. The MSM and the Wall Street shills are ecstatic and pronouncing this Federal Reserve induced enrichment of the 1% as proof that the economy has fully recovered from the Wall Street created collapse.
The truth can be found on the BLS website if you look hard enough. The continued downward spiral of the working class caused by the Federal Reserve created inflation and the criminal Wall Street banks pillaging of the dwindling national wealth is clearly revealed in the chart below:
Table 1. Median usual weekly earnings of full-time wage and salary workers by sex, quarterly averages, seasonally adjusted
Year and quarter
Number of workers
(in thousands)
Median weekly earnings
Total
Men
Women
In current dollars
In constant (1982-84) dollars
Total
$
Men
$
Women
$
Total
$
Men
$
Women
$
2003
4th Quarter
100,628
56,607
44,021
623
702
560
337
379
302
2004
1st Quarter
100,905
56,848
44,057
629
705
562
337
378
301
2nd Quarter
101,135
56,914
44,221
642
715
576
341
380
306
3rd Quarter
101,148
56,931
44,217
635
712
574
335
376
303
4th Quarter
101,658
57,289
44,369
646
720
577
337
376
302
2005
1st Quarter
102,091
57,710
44,381
647
723
580
336
376
302
2nd Quarter
103,201
58,099
45,101
647
714
584
334
369
301
3rd Quarter
104,310
58,843
45,467
651
723
588
331
368
299
4th Quarter
104,605
58,967
45,638
658
730
588
332
368
296
2006
1st Quarter
104,708
58,960
45,748
662
737
594
332
370
298
2nd Quarter
105,798
59,831
45,966
663
732
597
329
364
296
3rd Quarter
107,041
60,060
46,981
678
755
603
334
372
297
4th Quarter
106,847
60,140
46,707
681
748
607
337
370
300
2007
1st Quarter
107,176
60,105
47,070
687
752
610
336
368
298
2nd Quarter
106,827
60,351
46,476
693
765
610
335
370
295
3rd Quarter
107,156
60,216
46,940
698
774
621
336
372
298
4th Quarter
108,178
60,508
47,670
700
774
615
332
368
292
2008
1st Quarter
107,786
60,378
47,408
713
783
633
335
368
298
2nd Quarter
107,046
59,586
47,460
722
802
636
335
372
295
3rd Quarter
106,136
59,273
46,863
724
802
637
331
366
291
4th Quarter
105,617
58,511
47,106
727
806
647
340
377
302
2009
1st Quarter
101,680
56,299
45,381
732
815
645
344
384
304
2nd Quarter
99,990
55,233
44,757
736
818
652
345
383
306
3rd Quarter
99,049
54,481
44,567
742
820
664
345
381
308
4th Quarter
98,569
54,412
44,156
747
823
666
344
379
307
2010
1st Quarter
98,149
54,102
44,048
748
836
662
344
385
304
2nd Quarter
99,598
55,038
44,559
742
813
671
342
374
309
3rd Quarter
100,410
55,618
44,792
746
822
670
342
377
307
4th Quarter
99,960
55,469
44,491
750
826
676
342
376
308
2011
1st Quarter
99,690
55,338
44,353
750
821
679
338
370
306
2nd Quarter
100,343
55,848
44,495
754
828
688
336
369
307
3rd Quarter
100,487
56,053
44,434
759
837
681
335
370
301
4th Quarter
101,316
56,643
44,674
761
838
686
335
369
302
2012
1st Quarter
102,194
57,113
45,081
764
842
693
335
369
303
2nd Quarter
102,491
57,102
45,389
772
867
688
337
379
301
3rd Quarter
102,637
57,236
45,401
765
838
693
332
364
301
4th Quarter
103,681
57,701
45,980
772
868
690
334
376
298
NOTE: Updated population controls are introduced annually with the release of January data.
This chart captures all of the full time workers in the country. The data is from 2003 through 2012. It’s a fascinating look at a country in decline, as the financial class pillages the countryside and burns the villages. The MSM and lying class would sell the storyline of progress as median weekly earnings have risen from $623 in 2003 to an all-time high of $772 in 2012. Of course, a 24% increase over nine years is pitiful on its face. But when these wages are adjusted for even the ridiculously under-reported CPI, it tells a story of woe. Real median weekly earnings were $337 in 2003 and they were $334 in 2012. Wages are lower than they were 9 years ago. Real wages are 3% lower than they were in 2009 when the stock market was 100% lower.
In addition to the decline in wages, the number of full-time workers is disgraceful. There were 221 million working age Americans in 2003 and 101 million of them were employed full-time. That was 46% of the working age population. Today there are 245 million working age Americans and 104 million full-time workers. That is 42% of the working age population. We’ve added 24 million people to the potential workforce and only 3 million more full-time jobs in nine years. The country has 4.5 million less full-time jobs than it did in 2007. So you have less people working at lower wages and a stock market at all-time highs. No disconnect there.
This tragedy extends farther back than 2003 and is much worse than reported by the government propaganda agencies. Shadowstats provides a true picture of the destruction of the working class. Using the BLS inflation, real average weekly earnings are 3% lower than they were in 1964. Using the true rate of inflation, real average weekly earnings are 40% lower than they were in 1964. Has the Federal Reserve accomplished their mandate of stable prices?
How can an economic system be sustained when the wages of the workers decline steadily for decades and continue to decline? It can’t. The parasitic ruling class have absconded with the wealth of the working middle class through inflation, peddling of debt, and convincing the masses that maximizing corporate profits and pumping up the stock market was good for the country. As the 1% joyously celebrate their stock riches, the working class fall further into poverty and grow restless. They know they have been screwed, but haven’t figured out the true culprits – Yet.
When the next leg down strikes, the peasants will seek their revenge.
Let’s all cheer for the Great American Empire of Dirt & Debt. We’re #1. Everybody join in.
Total Debt + Equity = USA Bubble #1
Submitted by Tyler Durdenon 03/03/2013 11:46 -0500
Most of the time, when economists or Wall Streeters present a continuum of who’s worst (or best) in the world, they show just a part of the whole: whether it is total sovereign (public) bonds, total corporate bonds, securitized or non-securitized bank loans, or in some cases, equities, as a percentage of the host nation’s economic output, or GDP. The reality is that all these are merely a part of the greater whole, and showing one independent of the others tells at best a small part of the story. For the full picture one always needs to show how all these add up combined to get what in corporate finance is known as “enterprise value”, and what in economics McKinsey has dubbed “financial depth” or the value of the world’s financial assets relative to GDP. It is here that it is clearest and most visible just how extensive the “bubblification” of the US capital markets - both debt and equity – has been, even despite the relative drop in consolidated “financial depth” in the past five years.
In short: think US is the biggest financial bubble in the world? You are right.
And for those who say there is still a long way to go before the global bubble – the consolidated global bubble, including equity and debt, is reflated back to 2007 levels, guess again – we are now at a new all time high of “financial depth.”
Finally, while everyone is bombarded every single day with news that the global stock market is back to “all time highs”, what virtually nobody knows is that when expressed as a percentage of global GDP, which in turn is driven entirely by new debt creation mostly by central banks, global equities as a % of global GDP are now 40% lower than their previous high achieved back in 2007!
Those who are familiar with the simplest concept in all of finance – Enterprise Value - will understand why in an environment of imploding free cash flow such as the current one, this is bad to quite bad.
For corporations and the 1 percent, tax season offers plenty of ways to dodge Uncle Sam.
Photo Credit: shutterstock
March 1, 2013 |
With the national tax filing deadline fast approaching, Americans are once again plopping down with pen, paper and potentially Turbotax to determine just how much they owe their state and federal governments. But while the popular refrain posits that nothing in life is certain but death and taxes, for many corporations and wealthy individuals, having to pay a tax bill is anything but a certainty.
Due to the proliferation of loopholes, deductions, credits, and the growing use of offshore tax evasion, many rich Americans and corporations are able to dodge the bulk of, if not all, their taxes. Between 2008 and 2011, 26 major American corporations paid nothing in federal corporate income tax, despite making $205 billion in pretax profits. In 2011 (the last year in which data is available), corporations paid just a 12.1 percent effective tax rate, the lowest in four decades. Many wealthy individuals, meanwhile, are able to drive their tax rates down below the rate paid by middle-class families. Some drive it all the way down to zero.
There are certainly large, systemic reasons for these disparities. But part of the problem is that the rich and the biggest companies have access to a slew of tax breaks from which the average household or small business derives very little benefit. Here are 10 of the most ridiculous.
CEO “private security.” A “ common corporate tax trick,” according to the New York Times, is corporate boards paying for private jets and other perks for their CEOs under the guise of security. As Steven Davidoff reported, typically CEOs would have to pay taxes on these benefits, but if the benefit is classified as necessary for security purposes, “the chief executive will pay a reduced tax bill or sometimes no tax at all.”
Florida cow scam. In Florida, wealthy developers, lawmakers and even some corporations game the tax code by placing cows on their land for a limited amount of time each year, thereby qualifying for agricultural tax breaks. Sen. Ben Nelson (D-FL) has benefited from this absurd loophole for years, as has Disney World. But Florida isn’t the only offender. From rock stars in New Jersey to movie stars in Colorado, tax breaks meant for farmers get gamed by the most privileged, using everything from sheep to beehives.
Facebook stock options. The social media giant Facebook made more than $1 billion in profits last year, but paid no corporate tax thanks to a huge write-off after its initial public offering. In fact, the company received a refund of $451 million. As Citizens for Tax Justice, explained, “Facebook’s income tax refunds stem from the company’s use of a single tax break, the tax deductibility of executive stock options.” This loophole will also allow Facebook to avoid more than $2 billion in taxes in future years. LinkedIn used the same gimmick to pay no federal taxes for the last three years.
Bluegrass boondoggle. This tax break, created by Senate Minority Leader Mitch McConnell (R-Kentucky) in 2008, gives wealthy horse owners a break worth $126 million over 10 years by allowing faster depreciation (quicker tax write-offs) of race horses. McConnell has defended the break by claiming it helps Kentucky’s “ farm economy.”
Sheryl Crow loophole. Low tax rates on investment income are one of the main reasons the wealthy are able to pay lower taxes than those in the middle-class (and are also a prime driver of income inequality). Lawmakers from America’s heartland felt it was necessary to let super-wealthy musicians get in on the action, and so “passed a law allowing songwriters to avoid income taxes and sell their publishing catalogs at capital gains rates.” As San Francisco Weekly’s Chris Parker noted, “Three years later, Sheryl Crow sold her publishing rights to one of Australia’s largest banks for nearly $10 million. Her estimated savings courtesy of this congressional giveaway: $2 million.”
NASCAR tax break. Thanks to a provision in the 2008 bank bailout, owners of NASCAR tracks are able to write off the costs of their facilities over seven years, rather than “ over the 39 years that the government estimates it will take for the tracks to depreciate.” This particular loophole costs the government $40 million per year, but Congress reauthorizes it overand over again.
John Edwards/Newt Gingrich loophole. Both the former presidential candidate and the former Speaker of the House have taken advantage of a provision allowing them to dodge payroll taxes. By forming “S corporations,” Edwards and Gingrich are able to classify the money they receive from various ventures as “business profits,” rather than payments for services rendered, which exempts that money from the payroll tax. This loophole is regularly abused by lawyers, doctors and accountants, who can count the work they do every day as part of operating a “small business” that consists only of themselves. As tax expert Seth Hanlon noted, “ Regular wage-earners can’t do this, and neither can the owners of other kinds of small businesses.”
Tax breaks for vacation homes and yachts. The mortgage interest deduction, which is supposed to boost homeownership, can be used on second homes, or even yachts, so long as they are large enough to accommodate a bathroom, along with a cooking and sleeping space. Limiting the deduction to primary residences would raise $1 billion per year in revenue.
“Double Irish” and “Dutch Sandwich.” Many companies, from Google to Amazon to Starbucks, use offshore tax havens to drive down their corporate tax rates, sometimes down into the single digits. Some of the inventive strategies they’ve used include routing profits through Ireland, the Netherlands, Bermuda, or Luxembourg, using tax tricks with cheeky names like the “Double Irish” and the “Dutch sandwich.” European countries have recently attempted to crack down on some of the more flagrant abuses.
Large SUV’s. We’ve already discussed the yacht tax break, but going out and purchasing a large SUV will get a member of the 1 percent another write-off. As Bloomberg News noted, the tax code’s restrictions on write-offs for luxury vehicles don’t apply to those “rated at 6,000 pounds unloaded gross vehicle weight or more.” This means that “purchasing a large SUV often provides faster writeoffs than similar but smaller vehicles.”
Closing these loopholes would certainly not fix the tax code’s much larger problems or put a huge dent in the federal deficit. But they would at least get rid of some of the more egregious giveaways that plague the American tax system, while raising some money that can go to providing the critical services upon which many Americans depend.
“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.” – Friedrich Nietzsche
The big story this past week, besides the annual State of the Delusion speech by Barack “It won’t add a cent to the deficit” Obama, was the fate of the passengers on the Carnival Triumph as their skyscraper sized ship was left adrift at sea for days without power. This 900 foot long, 100,000 ton goliath is one of the largest passenger cruise liners in the world, carrying 3,400 passengers and 1,100 crew members in luxurious splendor through warm Gulf of Mexico seas to sun drenched exotic isles. These ships are practically floating countries, with passengers treated to an endless American buffet of never ending quantities of bacon, sausage, biscuits, gravy, fried chicken, mashed potatoes, waffles, pizza, cheesecake, soda, beer and the rum drink of the day. It’s as if all 3,400 passengers have a SNAP card with no limit. There are retail stores, restaurants, bars, ice skating rinks, movie theaters, showplaces, and staff waiting on you hand and foot. No cash changes hands. You charge everything to your room number and then just pay with one of your 13 credit cards at the conclusion of your voyage into debt. Then you pay 18% interest on the 25 Funky Monkeys you consumed for the next 14 years. Cruising captures the essence of America as we traverse our voyage to hell.
The ordeal at sea of the Carnival Triumph and the leadership displayed by the Carnival management and executive officers is a microcosm of our declining empire. The $420 million Carnival Triumph was put into service in 1999 and has run continuously for the last fourteen years, with only periodic dry dock maintenance. These massive ships are replenished within hours of docking and depart within twelve hours of dumping their 3,400 passengers back onshore. The CEO and top management of Carnival care only about ROI and whether their stock options are vested. Their goal is to bilk the passengers out of as much cash as possible, while paying their foreign slave labor crew members as little as possible. The ships are registered in foreign countries for tax purposes and the crew members are mostly from third world countries. Carnival executives and shipboard officers have a history of recklessness, mismanagement, and willingness to endanger its passengers in its greedy thirst for short term profits. Ask the families of the 32 passengers killed in the sinking of the Costa Concordia.
The engine room fire that disabled the Triumph was not an isolated instance. This was the fourth engine room fire on a Carnival owned ship resulting in a loss of power, the others being the Tropicale in 1999, the Carnival Splendor in 2010, and the Costa Allegra in 2012. The Carnival Triumph should not have been at sea. It had been plagued with mechanical problems for weeks prior to the engine fire. Voluntarily taking the ship out of service would have hurt the 1st quarter earnings per share of this public company, therefore the leadership of Carnival told the engineers to patch it up and get it back out on the seas. Two weeks prior to the engine room fire the Carnival Triumph experienced propulsion issues that caused it to be five hours late returning to its Galveston home port on January 28, 2013 and delaying the ship’s departure for its next cruise until 8:00 pm that night. The ship departed, but the problems had not been fixed. The Associate Press reported a story about that cruise that provides a different assessment than the public relations drivel released the corporate office:
An email informed Debbi Smedley and other passengers that the propulsion problem would prevent them from docking at two ports. “Due to the limited cruising speed, our itinerary will be impacted. Depending on the progress of the repairs, we will either visit Progreso or Cozumel,” stated the email, signed by Vicky Rey, vice president of guest services. Smedley said the ship was in poor condition overall. During her five-day cruise, a water line broke in the hallway ceiling near her cabin, and a separate sewer line broke outside the main dining hall, she said. Metal was protruding from handrails on the staircases, and the elevators often did not work. Rather than docking in Progreso for only a few hours as planned, the ship stayed in the port for two days, and cruise workers repeatedly told passengers they were waiting for parts to fix a mechanical problem, according to Smedley.
Carnival’s public relations machine then admitted to an electrical problem with the ship’s alternator in the last voyage before the fire, but claimed it was repaired. What they didn’t reveal is that it was a Coast Guard inspection that revealed there was a short in the high voltage connection box of one of the ships generators causing damage to cables within the connection box. A directive with a compliance due date of February 27, 2013 was issued following the inspection requiring that “the condition of the ship and its equipment shall be maintained to conform with the regulations to ensure that the ship in all respects will remain fit to proceed to sea without danger to the ship or persons on board.” The Coast Guard Marine Information Safety and Law Enforcement System showed that this deficiency remained unresolved at the time of the subsequent fire and loss of power while at sea on February 10. So you have a company PR maggot lying and you have another useless Department of Homeland Security branch not enforcing regulations that are supposed to protect passengers. This is par for the course in our corporate fascist states of America today.
Shit Happens
George: Aha. Aha. Could it be because you don’t want him to know that you have a friend who pees in the shower, is that it?!
Elaine: No, that’s not it!
George: Oh, I think it is! I think that’s exactly what it is!
Elaine: Why couldn’t you just wait?
George: I was there! I saw a drain!
Elaine: Since when is a drain a toilet?!
George: It’s all pipes! What’s the difference?!
George Costanza would have enjoyed sailing on the Carnival Triumph as passengers were left to piss in showers and shit in red plastic bags for days. It finally became socially acceptable to pee in the shower. Most of the ship’s electrical power went down after the engine room fire, causing extensive breakdowns of vital shipboard mechanical systems, including taking out sanitary systems. Passengers reported sewage sloshing around in hallways, flooded rooms and trouble getting enough to eat. Passengers waited in line for three hours to get a lousy hot dog. On the lower decks sewage came up through the shower drain, pooling in the sinks and flowing into the hallways. The allegory of the poor people on the lower decks being inundated with feces and living in wretched conditions, while the rich people living in luxury on the upper decks are blissfully ignorant of the fate of their fellow passengers is so easy to apply to our society in this day and age. The 1% glory in their stock market gains, while 20% of U.S. households are on food stamps.
These direct quotes from passengers and pictures taken onboard this voyage from hell provide a taste of what our future portends:
“We have to urinate in the shower. They’ve been passed out plastic bags to go to the bathroom. There was fecal matter all over the floor.”
“They’re walking around in a lot of urine and fecal matter, and the sewers are backing up.”
“The sanitation situation was gross and the stench was awful.”
“Just imagine the filth. People were doing crazy things and going to the bathroom in sinks and showers.”
“A lot of people were crying and freaking out.”
“We are trapped aboard a floating petri dish without power, air conditioning, or fresh water.”
“It’s degrading. Demoralizing, and then they want to insult us by giving us $500″
After reading a number of articles describing what happened before, during and after the engine fire aboard the Carnival Triumph, the parallels between this Ship of Horrors and our Ship of State become self-evident. You have the CEO and top executives of Carnival only concerned about their wealth, power and control of the company. Rather than thinking long term and making decisions that might be detrimental to their short term quarterly earnings, but insure the long –term financial health and reputation of the company, their decision was driven by their true masters on Wall Street. Instead of taking the ship off-line to make vital repairs and necessary investments, they just papered over signs of an imminent disaster and turned to public relations spin and propaganda as there preferred course of action. When disaster “suddenly” struck, the management and executive officers were unprepared, slow to react, and more concerned with their reputations than about the health, safety and welfare of the passengers. Much more could have been done to alleviate the misery of the 3,400 passengers. Carnival could have had a large generator helicoptered onto the deck and used to produce enough electricity to run some lights, ventilation, refrigeration and toilets. It appears that this ship had two engine rooms and only one was damaged by fire. They could have restarted the undamaged engine room and would have had enough power for most normal functions in the cabins of the ship, and probably some capability to propel the ship towards port. The disgraceful lack of urgency and refusal of top management to attempt every possible solution to this crisis is a lesson to be learned by passengers and citizens alike. They don’t care about you.
Rev. Wendell Gill’s experience onboard the Triumph provides a glimpse into our future. He immediately recognized the leadership of the ship was non-existent and it would be up to people helping people if they were to make it through the ordeal:
“What you had was a tale of two ships. You seldom saw a deck officer. I never saw the captain. Some of the people in the upper areas had plenty of air, but down below, it was unlivable. It was like a sauna of sewage. It was the people on the boat that saved Carnival. In an adverse situation, most people will rise to help — that’s just the human spirit.”
Reverend Gill and his wife noticed that no one from Carnival was stepping up to help the elderly and sick get around. The Gills, along with other concerned passengers, decided to take matters into their own hands, carting mattresses and bedding up from the lower decks. They witnessed the worst side of human nature in the inaction of Carnival leadership, along with some people becoming drunk, disorderly and fighting over food. But they also witnessed people coming together under difficult circumstances, with many in the upper cabins sharing their space with those from the lower uninhabitable decks. The passengers created their own shanty town of tents on deck and in the cooler hallways. The vast majority of people acted like decent human beings. Kindness, sharing, and helping one another won the day. This voyage through hell is a precursor of what lies ahead for everyone in this country. When vital systems fail, the lights go out, and your beloved government leaders are nowhere to be found, how will you fare? Don’t count on someone from the government to lead when we are set adrift in a sea of chaos created by them. The politicians, bankers and bureaucrats will be scrambling to save themselves. Your family, friends, and neighbors will be the only people you can rely on. Your caring government doesn’t really care about you.
Cruisin for a Bruisin
“Sometimes people don’t want to hear the truth because they don’t want their illusions destroyed.” – Friedrich Nietzsche
The similarities between the horrific voyage of the Carnival Triumph and the tragic voyage of the dysfunctional ship of state we call America are many. We have a ruling class consisting of the President, Congress, Judiciary, Central bankers, Media titans, and goliath corporation CEOs who care not for the citizens of this country. You are ignorant peasants in their eyes. They only care about maintaining and expanding their wealth, control and power through the complete capture of our financial markets, political system and media propaganda to the masses. The health and welfare of the peasants isn’t even on their radar screen. The ruling class steering this ship of fools have no interest in the truth or the best long –term interests of the country. The vast majority of the passengers on this impaired listing ship prefers to believe the propaganda and lies spewed by the captain and his minions. They prefer the illusion of safety and security to the truth about the real condition of this ship. When the engines of this ship come to a grinding halt, their illusions will be shattered. Big government will come up small when it counts. The government propaganda and public relations will be revealed as nothing but hot putrid air and fecal matter.
Speaking of fecal matter, President Obama’s State of the Union address, which was watched by 33 million (down from 52 million in 2009) believers, was a perfect reflection of the thinking that led to the Carnival Triumph disaster. The reality facing the country is: $220 trillion of unfunded entitlement liabilities; a $16.5 trillion national debt; annual deficits exceeding $1 trillion; 48 million citizens on food stamps; 11 million people on SSDI; a true unemployment rate of 23%; true inflation exceeding 5%; record high gasoline prices; 0% interest rates for senior citizen savers; free money for criminal bankers provided by their sugar daddy Bernanke; not one criminal prosecution of a Wall Street executive for the greatest financial fraud in history; a war department that spends $1 trillion per year and fights undeclared wars around the world; a chief executive that invokes dictatorial executive orders to murder Americans with his fleet of predator drones and imprison citizens indefinitely without charges; and a bureaucratic nightmare called Obamacare that will drive up deficits, drive up healthcare costs for every family, enrich the healthcare industrial complex, drive doctors into retirement, and drive small businesses into bankruptcy.
Rather than deal with this reality, Obama chose the Carnival Cruise Line method of public relations, misinformation, denial and delusion. He has embraced the Big Lie concept as if he had created it. With a straight face he proposes “investments” in infrastructure, new jobs programs, new education initiatives, more green energy projects, pollution control schemes, bailing out more underwater mortgages, and raising the minimum wage, all done for the children – and it won’t add one cent to the deficit. Instead of leveling with the American people and explaining the dire economic issues confronting our nation that require sacrifice, reality based thinking, and tough choices, we got more platitudes, class warfare, divide and conquer, phantom spending cuts, disingenuous twisting of the truth, intellectual dishonesty and fuzzy math. Public relations spin created by Madison Avenue maggots and pronounced grandly by corrupt puppet politician hacks will not prevent the catastrophic engine failure that will leave this country adrift in a sea of its own feces.
Our cruise of illusions and delusions is headed for troubled water. The math challenged citizens on this ship have been enjoying the 24 hour pizza buffet without the labor required to pay for the bounty. When your leaders boldly lie and tell you we don’t have a spending problem, refer to proposed spending increases as “investments”, and hail $1.6 trillion of spending cuts that did not happen, you’ve got a ship that will be signaling SOS in the imminent future. Both political parties are laughable in their blathering about spending cuts as Bush and his Republican cronies drove spending from $1.9 trillion in 2001 to $3.0 trillion in 2008 with their unfunded wars, unfunded new entitlements (Medicare Part D), Wall Street bailouts, and creation of police state agencies (DHS); while Obama and his Democrat co-conspirators have driven spending up to $3.8 trillion in four years with new unfunded entitlements (Obamacare), expansion of warfare in the Middle East (they sit on top of “our” oil), $800 billion stimulus handouts, $60 billion hurricane relief pork handed out for $25 billion of uninsured losses, and bailing out banks, auto companies, homeowners, and other gamblers who took undo risks and lost to the tune of hundreds of billions. Politicians and the inhabitants of this country have forgotten there are consequences to their actions and inactions.
Carnival Cruise Line is trying to buy off the passengers with refunds and $500 bribes to keep them quiet and sedated, while protecting their continued hundreds of millions in profits and million dollar bonuses for their executives. The ruling class in the United States has bought off the American people with entitlement promises that can’t possibly be honored, food stamps, SSDI, tax rebates, homebuyer tax credits, loan modification programs, Cash for Clunkers, payroll tax cuts, $1 trillion of taxpayer financed student loans, taxpayer financed subprime auto loans, and a myriad of other handouts designed to keep the masses sedated, while the ruling class continues to pillage the national wealth. It’s as if the entire country has been charging their food, drinks, excursions, and purchases to their room number and the bill has reached $16.5 trillion, rising by $3 billion per day. This voyage is reaching an end and the bill is coming due. The engine is on fire but the captain is telling us all is well. Eventually, everyone will know the captain lied.
Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That’s how it goes
Everybody knows
Everybody knows that the boat is leaking Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died
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Random Quote
The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people. — Ron Paul