CHARTS OF STUPIDITY

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Posted on 9th January 2013 by Administrator in Economy |Politics |Social Issues

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As proof that humans act like herds of sheep, just look at this chart. As rational people like Shiller, Hussman, Mauldin, Schiff, Roubini, Taleb and a few others were warning about the bubble that was going to burst, individual investors poured over $1 trillion into stocks in 2006 & 2007. The market dropped 50% in 2008/2009. Instead of buying when stocks were low, they did nothing in 2008/2009. The market then went up 100%. Now, they have poured almost $1 trillion into bond funds when interest rates are at record lows. Just the slightest increase in rates and they will experience substantial losses. Rates will be going up. Bernanke cannot control them forever.The sheep will be slaughtered again.

If you need any more proof that corporate CEOs are the dumbest people on earth, see the chart below. These morons don’t care about what’s best for the long term of their businesses. They care about earnings per share and bonuses for the executives. The stock market reached its all time peak in 2007 and stayed relatively high until the September 2008 crash. These CEOs thought it was a great time to buy back their stock at the all-time peak of prices. They spent $1 trillion of shareholder money to buy back their company stock. Then stocks declined 50% by March 2009. These boneheaded CEOs then stopped buying their company stock in 2009 when prices were 50% cheaper than 2007. Now, after prices are up 100%, these nitwit CEOs have bought $800 billion of their stock in the last two years. They actually pay these Harvard educated MBAs millions for this brilliance.

You can’t teach stupid.

THE PASSIVE SHEEP SLOWLY LED TO SLAUGHTER

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Posted on 20th May 2012 by Administrator in Economy |Politics |Social Issues

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Where is the outrage? Wouldn’t it be great if Michael Bloomberg was president? He could institute this policy across the land. The police need no legitimate cause to frisk you. The TSA sexually assaults old ladies and little children on a daily basis to keep us “safe”. The government is flying Apache helicopters over our cities, conducting “exercises” to keep us “safe”. The military is being used in our cities to intimidate and “protect” us from phantom terrorists. The FBI and CIA create fake terrorist plots and then save us by foiling them just in time. Americans are beaten, maced, bludgeoned, and jailed for protesting criminality by Wall Street. The government monitors our telephone conversations. The government monitors our emails. The government has ordered thousands of predator drones to fly over our cities. Laws are passed every day to give the government more power to imprison us without charges and to shut down free speech. We are all treated like suspects. The government makes it more difficult to leave this country every day. This is all happening right before our very eyes.

What do we do about it? Nothing. We have our iGadgets, our America’s Got Talent, the Kardashians, 99 weeks of unemployment, food stamps, credit cards, low interest auto loans, Cracker Barrel, and Wal-Mart. What’s the big deal with sacrificing a few freedoms for safety and security. The government has our best interests at heart. Trust them. They know best.

The NYPD’s criminal stop-and-frisk record

The police department’s policy amounts to racial profiling and the illegal harassment of thousands of New Yorkers a day

Last week, the New York Police Department released quarterly data on its stop-and-frisk program. The numbers are worse than ever, and they confirm everything that is wrong with this practice.

From January through March 2012, 203,500 New Yorkers were stopped and frisked. That’s an average of 2,200 people per day. Twenty-two hundred people a day, many of whom are stopped for no reason – or the wrong reason, like the color of their skin, or their age, or their gender expression – patted down, sometimes roughed-up, intimidated, asked for ID in their own neighborhood, sometimes in their own buildings, asked to empty their pockets. Twenty-two hundred people a day stopped by police as they walk down the street on their way home, to school, the corner deli, or to see friends. Twenty-two hundred people a day asked to justify their presence in the city in which they live.

This is already an outrage; but if you look further at the numbers, it’s even more outrageous. Despite years of public outcry and lawsuits, the NYPD is stopping even more people than in previous years. In 2011, the department stopped a record 685,724 New Yorkers, a 600% increase since Raymond Kelly took over as police commissioner in 2002. But the 2012 numbers are on track to be still worse. At the rate it’s going, the NYPD will stop nearly three-quarters of a million New Yorkers in 2012.

Eight-seven per cent of the people stopped by the NYPD in the first quarter of 2012 were black or Latino, while only 54% of the city’s population is black or Latino. Despite claims to the contrary, the data show that even when you take other factors into consideration – including crime rates –stops are disproportionately concentrated in black and Latino neighborhoods. And in all neighborhoods, blacks and Latinos are significantly more likely to be stopped than whites. The data also show that NYPD officers use physical force more often when stopping blacks and Latinos.

Stop-and-frisk, as practiced by the NYPD, amounts to racial profiling, which is illegal. It violates the 14th amendment of the US constitution, which prohibits racial discrimination, and the fourth amendment, which protects against unreasonable searches and seizures.

Stop-and-frisk also fails to make New Yorkers safer. There is an implied trade-off that New Yorkers are told to accept: OK, so the practice is intrusive and humiliating and it violates your rights, but it’s necessary to fight crime. That is a lie. The vast majority of stop-and-frisks – 90%, in the first quarter of 2012 – do not uncover evidence of a crime. Less than 1% lead to recovery of guns, the supposed goal of the stop-and-frisk program.

The NYPD is not catching criminals; they are stopping and humiliating thousands of New Yorkers a day who have done nothing wrong.

There is no evidence that stop-and-frisk is responsible for the city’s drop in crime rate in recent years. On the contrary, New Yorkers feel less safe and often have their lives upended by unlawful stops. Many communities, especially communities of color, feel that they are under siege. To them, the presence of police on the streets signals not protection against crime, but a danger of becoming the victims of a crime: being illegally stopped, harassed, possibly beat up.

The Center for Constitutional Rights is suing New York City to end these gross violations of hundreds, or thousands, of people’s rights. Occupying entire neighborhoods and treating vast portions of the city’s citizenry as suspects violates the US constitution and fundamental human rights.

 

CLUELESS AMERICANS

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Posted on 9th March 2011 by Administrator in Economy |Politics |Social Issues

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“Just think of how stupid the average person is, and then realize half of them are even stupider!” – George Carlin

 

Whenever I read the responses of average Americans to questions about the economy and how our government operates, I think of George Carlin. Here is another poll that confirms we are doomed. Americans like big government. They actually think the government creates jobs. They actually aren’t worried at all about peak oil. They actually think we can cut the budget without touching Medicare or Social Security or the Military. The education system in this country has done just as those in power wanted. It has created the most clueless, docile, non-critical thinking flock of sheep ever assembled on earth in one place. They approach the slaughterhouse without a care in the world. Here is teh link to the actual survey. 

http://media.bloomberg.com/bb/avfile/rk74U1tEA.R0

Americans Oppose Government Shutdown, Fault Cuts in Poll

Americans are sending a message to congressional Republicans: Don’t shut down the federal government or slash spending on popular programs.

Almost 8 in 10 people say Republicans and Democrats should reach a compromise on a plan to reduce the federal budget deficit to keep the government running, a Bloomberg National Poll shows. At the same time, lopsided margins oppose cuts to Medicare, education, environmental protection, medical research and community-renewal programs.

While Americans say it’s important to improve the government’s fiscal situation, among the few deficit-reducing moves they back are cutting foreign aid, pulling U.S. troops out of Afghanistan and Iraq, and repealing the Bush-era tax cuts for households earning more than $250,000 a year.

The results of the March 4-7 poll underscore the hazards confronting Republicans, as well as President Barack Obama and Democrats, as they face a showdown over funding the government and seek a broader deficit-reduction plan.

“Americans do not have a realistic picture of the budget,” says J. Ann Selzer, the Des Moines, Iowa-based pollster who conducted the survey. “We all know people who are in debt yet cannot for the life of them figure out where the money goes.”

Overall, public concern about the deficit — which is projected to reach $1.6 trillion this year — is growing, although it’s still eclipsed by employment, with poll respondents ranking job creation as a higher priority.

1% of Budget

More than seven in 10 respondents say slashing foreign aid and pulling troops out of Iraq and Afghanistan would result in substantial savings, and large majorities back such moves. Yet foreign aid accounts for about 1 percent of federal spending, and the Pentagon requested $159 billion for the wars in Iraq and Afghanistan this year, less than 5 percent of Obama’s $3.83 trillion federal budget.

Fewer than half of respondents say cutting Medicare benefits or raising the age at which Americans receive Social Security retirement benefits would have a large impact on the deficit, and only 2 in 10 favor cutting Medicare benefits. Such entitlements account for about 40 percent of the budget and are the main drivers of the long-term deficit.

“Those people need those benefits,” says Will Moore, 36- year-old electrician from Dallas, Georgia, in a follow-up interview. Congress instead should eliminate “useless government programs and cut taxes and put money back in people’s pockets to stimulate spending,” says Moore.

Eclipsed by Jobs

When given five choices for the most important issue facing the nation, unemployment and jobs ranked first with 43 percent – - down from 50 percent in Bloomberg’s December 2010 poll — with the deficit and spending cited by 29 percent, up from 25 percent. Health care was chosen by 12 percent, the war in Afghanistan by 7 percent, and immigration by 3 percent.

Asked to choose between jobs and the deficit, 56 percent called creating jobs the government’s more important priority now, while 42 percent said cutting spending was.

Obama and congressional leaders have until March 18 to break an impasse over funding the government through the end of the 2011 fiscal year or risk a shutdown. The Republican-led House last month passed a $1.2 trillion budget that includes $61 billion in cuts. Obama and Democrats call the reductions excessive and propose cutting a total of about $10 billion. The debate is only over the current budget and doesn’t include long- term issues about the debt, including entitlements.

Cautionary Notes

To be sure, the poll holds cautionary notes and signs of opportunities for both parties in the budget battle. It shows the public doesn’t support the Republicans’ deep cuts to social and scientific programs. Solid majorities reject significant reductions in community programs that serve lower-income Americans, medical and scientific research, education programs and the Environmental Protection Agency. Fifty percent oppose significant cuts to public television and radio, compared with 46 percent who are in favor of that.

Still, the results indicate the public embraces the Republican argument that spending cuts will improve the economy and create jobs and doesn’t agree with Obama’s plan to invest in such areas as infrastructure to jumpstart a recovery.

Fifty-three percent say the drive to cut spending and taxes would improve the economy, while 44 percent say spending money on high-speed rail, expanding access to broadband Internet and developing new sources of alternative energy, as Obama proposes, would lay the groundwork for growth.

The poll also found that 61 percent say it’s possible to bring down the deficit substantially without raising taxes, while 37 percent said it isn’t possible.

Partisan Divide

While large majorities of both Democrats and Republicans want to avoid a government shutdown, that feeling is stronger among Democrats: Only 6 percent of Democrats say the issue of spending cuts is important enough to warrant a shutdown, compared with 92 percent who said they want to avoid that; 29 percent of Republicans say deep reductions need to be made even if it means closing down the government for a time, while 69 percent say that should be avoided. Just over 7 of 10 independents say they want compromise.

Overall, 77 percent say while cuts need to be made, an accord should be reached to avert a shutdown, compared with 20 percent who say a shutdown would be tolerable.

“I don’t think that allowing the government to shut down is acceptable,” says Suzanne Ray, a 67-year-old retired state employee from Richmond, Virginia, who describes herself as an independent. “We have elected people who should be able to reach reasonable decisions instead of acting like a bunch of spoiled children.”

Hands Off Medicare

While the broad majority that wants compromise on the budget may signal peril for Republicans, 45 percent say the party would benefit more than Democrats from a shutdown for having taken a strong stand against spending; 34 percent say Democrats would gain.

People are reluctant to touch Medicare, with more than three-quarters opposing any reduction in benefits to the insurance program for the elderly. Fifty-one percent say that would make little difference to the federal deficit, compared with 44 percent who say it would have a big impact.

Respondents split over whether gradually raising the age of eligibility for retirement for Social Security to 69 would produce at least modest savings: 47 percent say it would produce very or fairly large savings, compared with 48 percent who say it would have little impact.

The public may be opening up to the idea of raising the eligibility requirement for Social Security. From December, there was a 7-point increase in the percentage of Americans who support raising the retirement age, to 44 percent. While just 22 percent say Medicare benefits should be reduced, that’s a 7- point jump from three months ago.

Do Something

And 40 percent say Medicare should be replaced with a system in which government vouchers would help participants pay for their own health insurance.

“Something has to be done,” says Stanley Stein, a 75- year-old retired X-ray technician from Sahuarita, Arizona, who endorses raising the retirement age and means-testing Social Security benefits. “Otherwise, there’ll be nothing for anybody.”

There’s also a partisan split in public perceptions of the threat posed by the deficit.

Forty-six percent of Republicans and 47 percent of Tea Party supporters call the deficit and government spending the most important issue facing the country, compared with 16 percent of Democrats, for whom jobs ranks first. Almost 7 in 10 Republicans and Tea Party backers say spending is the more important priority over jobs, while 77 percent of Democrats choose job creation over the deficit. Jobs are the higher priority for independents, by a margin of 55 percent to 42 percent — almost identical to respondents overall.

The poll of 1,001 adults has a margin of error of plus or minus 3.1 percentage points.