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OV US Election Watch (9/2/2010): What a Way to Start the Month..

: Some Funny...Some Not So Funny....
The "Greatest Show on Earth" did not disappoint on the first day of the new Month!!!

The day began, for me, taking a look at the current edition of Newsweek Magazine headling a Jonathan Alter er piece. Newsweek, of course, will go on under its new owner, Sidney Harman--who happens to be the husband of the California Congresswoman Jane Harman. Jonathan Alter talks It shows how Obama has been characterized as a terrorist-coddling, wall street loving, godless, Foreign-Born, Muslim--when in fact none of it is true. Between the Afghan Surge, drone attacks, rejecting nationalization of banks and pushing to get monies back from GM and Chrysler, the record is one of a comitted capitalist. What is now prevalent is a testanment to the power of the Right Wing Noise Machine having been as effective as it has been. I nearly fell off my Chair when Mitch McConnel noted that he took the President at his word that he was not a Muslim. This is not as bad as Rush noting that Imam Hussein Obama is here and now!!! Does Mitch McConnell live in the same America or is it a different America? I wonder.

As this nonsense over the President continues, there is of course the true realities. Although Mr. Obama declared the end of combat operations in Iraq, the fact remains that the United States will continue to be engaged there. The Republicans wanted the President to thank President Bush for the "victory" in Iraq. The fact remains that the War was wrong, the premise was wrong and the Country is worst off because of this ill-conceived war that cost over 800 Billion Dollars. Iraq is a broken, shattered country that is under the thumb of the major regional powers. Yet, in the fantasy world that is the Republican Party today, they want the World to believe otherwise that America won.

The same amen crowd that pushed the rightenousness of the Iraq War is also behind the Mosque hysteria. If one visits the Keep America Safe website, all they talk about is the Ground Zero Mosque. It is as if they have nothing else to talk about. Liz Cheney's crusade against the Mosque seems to have been her group's raison d'etre. That's fine because that is her right to exercise her right of free speech. But, her paranoia surprises me becuase she was part of the gang that was in charge of US Foreign Policy during the Bush Years. She claims to be an expert on the Middle East, yet seems to have no clue whatsoever and seems to want to portray Muslims as animals. The only word I could possibly find to explain her action is simply this: Racist. For someone who is a lawyer, it seems as if she has no clue about the Constitution, the Bill of Rights and the history of this great land. She apparently needs to re-read history. That seems to be out of fashion, though, in the fantasyland of The New Republican Party today.

The Greatest Show on Earth that is the US Election Season continues to be ever more surprising, though. Joe "Wacko" Miller seems to be the gift that keeps on giving. His pronoucements about the Feds simply pulling out of Alaska is perfectly understandable. But, it seems as if he has to explain to the people of Alaska how he intends to replace all the Federal Funds. What if some of us around the country would want all the monies we sent to Alaska to come back? How would Alaska propose to pay that back as Oil begins to run out? Other candidates also seem to be on this wacko trip that seems to be never ending--but it sure is fun to watch!!! There is also the issue of the repeal of "Obamacare". I have been trying to find out what Mr. Miller's solution is counter the actions of regional hospital chains like Sutter Health in Northern California that charge 3 times the normal rate for a normal procedure and even the mightly insurance companies can't say anything about it.

Back in California, Fiorina and Boxer had their debate. It was a contentious one because the race is one that is supposedly a toss-up right now. What I found quite ironic was how Fiornia criticized how her tenure at HP was brought out and used as a political football. Someone had to remind her that politics is a high-touch contact sport where nothing is off the table--with the exception of one's family. California is a Democratic-Majority State. The fact that the polling is fairly close is a reflection of the national mode right now. But, polls are polls. I will not be paying attention to polls--just the facts Fiorina's campaign, though, had already put out a Press Release on the Campaign and Boxer's was yet to do so. So, the publicilty machine has been in full gear and will continue to be so.

There is of course the case of the birthers. Terrence Lakin, an Army Officer, has refused his deployment orders on the grounds that President Obama is foreign-born. I hope the Army will nail him to the wall and Court Martial him. Furthermore, I hope that the Air Force will call back to Active Duty General McInerney, the retired Air Force General who has apparently filed papers in support of Colonel Lakin and court marshall him too. It is one thing to have buffons like Steve King use the hallowed halls of Congress to push their twisted agends. I am sure that the Army will do what needs to be done and I'll let the course of Justice run its' course.

The big elephant in the room is the Economy. I was gratified to see the broad gains in the market yesterday. Yet, the economy continues to remain fragile. The question is whether voters will embrace the current path or give the Republicans another shot. I continue to believe that the election will be a lot closer than handicappers like Charlie Cook and others are calling it. It will be fascinating, though.
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The Heritage Foundation's Ideas....

: ...Worth checking Out...
I caught a glimpse of a news conference by the Heritage Foundation's Michael Franc. He is the Government Relations VP for the Foundation. I am well aware of some of the support the Heritage Foundation receives. However, I have been of the view of that any idea that would help provide a roadmap is absolutely crucial to be looked at. I would be analyzing the report annouced by Heritage and providing guidance on it as part of OV's Election Watch Series over the ensuing weeks.

I welcome the Heritage Report because it is how things should be. There was one thing that Michael Franc also noted that I also agree with: incremental change is simply not acceptable. There needs to be the courage to truly work to transform for the greater good.

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The Continued Econmic Winter of Our Lives

: Is there any hope?
The numbers that came out on Friday on the U.S. Unemployment numbers were shocking. It went up "officially" to 8.25%. But, according to the Bureau of Labor Statistics Report, it did not include, "...About 2.1 million persons (not seasonally adjusted) were marginally attached to the labor force in March, 754,000 more than a year earlier. These individ-
uals wanted and were available for work and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, there were 685,000 discouraged workers in March, up by 284,000 from a year earlier. Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The other 1.4 million persons marginally attached to the labor force in March had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities."
(Source: Really]Really Long Link retrieved April 4, 2009


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Eyes Of the World are on London.....

: And???
The World
The G20 Class of 2009

The World's top 20 countries have desended upon London. London has braced itself for anarchy. Anyone who does not understand the anxiety felt by the people of the world seems to be living in fantasyland


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Recovery.Gov: The First in a Series of Comments

: California's Take
I wrote about the profound concerns about the California Budget. I wanted to assess how the new stimulus plan will help California. California, for instance, is slated to receive around 11 Billion in Educational Funding alone. Funds are starting to be distributed. I am particuarly keen to understand how the 11 Billion Dollars slated for California is going to trickle down to the local level.

Right now, the Capistrano Unified School District in Orange County, California is faced with a 38 Million Dollar Deficit. They are slated to make substantial cuts. According to the California Teachers Association, Twenty Six Thousand Teachers were slated to receive pink slips. As California has already launched its' companion website, available at: http://www.recovery.ca.gov/, I will be looking into the 11 billion dollars and how it is going to be spent


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The Obama Stimulus Plan & the Politics Of it.....

: Now the Real Work Truly Begins.....
The Congress has passed the Stimulus Plan. I was getting the twitter updates throughout the day as the proceedings continued. Three Republicans (or as the Repubicans say RINO's) joined the Democratic Caucus in voting to enact it. The U.S. President is slated to sign it into law on Monday.

I view the three Senators who voted for this as courageous. Olympia Snowe, Susan Collins and Arlen Specter have gone against the grain consistently. Olympia Snowe and Susan Collins are two Senators who are from the Republicans of years past as the party evovled. Arlen Specter gained my respect when he grilled Alberto Gonzales during his disastrous tenure at the Justice Department. Olympia Snowe and Susan Collins don't have to worry about their consitituents. Arlen Specter will probably have a fight on his hands as he faces re-election. But, the man has faced down cancer, twice. One of his nemesis in his home state called him a houdini


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Outsider Views Economic Winter Chronicles (Feb 8, 2008): A Personal Perspective

: How scary will it get? I just don't know.....
The debate on what to do about how to jumpstart the US Economy rages on. I personally have received appeals from both Senator McCain's new CountryFirst PAC and President Obama's Organizing for America Organization. The roundtable held earlier between four leading lights of the U.S. Congress on NBC's Meet the Press underscores this divide.
As the debate continues, teachers, fire fighters and cops are on the chopping block. States are in dire straits. California continues to operate without a budget.

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Outsider Views Economic Winter Chronicles (Feb 6, 2009 Edition)

: ..and the hits keep on coming.........
In my almost daily columns/comments on the Economy, I had thought about the calamity as a Tsunami. With a Tsunami, there is at least a chance to see Sunshine. However, I think the better term for it is a Winter Storm. I continue to wonder when we will see sunshine.

On Wednesday, the bleeding continued. Cisco Systems, the leading network gear maker, missed the numbers. Alcatel-Lucent continued its' downward slide which has been on-going for a number of years. Disney missed then it came out with its numbers and annouced jobs cuts totaling some 400 workers at the ABC unit. Earlier in the week, Electronic Arts annouced a job cut and delay in new games


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Davos: Reflections

: Wow!!!!
The world is right now fascinated with Davos. The rich, the famous and the powerful are all there in paradise talking about the world and all the problems. There is enough being said by all pundits which will speak for itself on Davos. But, two key things occured which I wanted to note:

1) Turkey's Prime Minister Edrogan stormed out of a discussion with Shimon Peres during discusisons on Gaza. Edrogan was given a minute by David Ignathius of the Washington Post to rebute a lengthy comment by Shimon Peres. I think the gesture by Mr. Edrogan must be taken seriously by Israel. It shows the frustration with Israel and the fact that as Amr Mousa said, Israel "does not listen". I was quite disappointed by David Ignathius when he did not grant equal time during the discussions. It seems to me that Dinner could have waited


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And The Hits Keep on Coming......

: When will the bleeding stop?
Although the Dow went up today, the bleeding has continued. Over 70,000 job cuts have been announced. This include massive cuts at Catepillar, Sprint/Nextel & Phillips. Auto Suppliers are getting ready to go to the Federal Government with a request for $ 10 Billion. To add insult to injury, Citigroup is about to take delivery of a $ 50 Million private jet.

Right now, The President has been given $ 350 Billion to Spend. He is pushing for another $ 825 Billion. Out of that, about $ 500 Billion is cash. So, he'd have a Trillion Dollars to spend. I will be many who will be holding his feet to the fire in terms of transparency. We will need to figure out how to jumpstart the economy. So far, nothing has worked. It is scary to see what is going on right now. The President spoke to this on Saturday during his weekly address. I wonder if the Republican Leadership was listening or truly understood what he was saying when he met with them at the White House. What he said was clear enough


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The Economic Tsunami Chronicles (2009 1st Edition)

: The suffering continues...with no end in Sight....
Gaza continues to burn. Yet, other challenges continue to overwhelm us. Just today, over 200 members of the Orange County California Social Services Agency have received their layoff notices. This is to try and bridge a 30 Million Dollar Budget gap. One of them is an Army Reservist serving in Iraq right now. In the Los Angeles Unified School District, letters having gone out to 3,000 non-permanent teachers telling them that they may not have a job next year. It is not pretty at all right now. At the State level, The State of California continues to grabble with a 18 Billion Dollar Budget Deficit. On the Business Front, Alcoa has announced a 13% Job Cut and massive reductions in its capital spending.

These developments are quite worrisome. I saw the "celebrations" as the New Congress began its work on Tuesday. Although I was not in Washington, it was as if I was in the visitors gallery watching the proceedings. The House Majority Leader has said that the stimulus package is going to be delayed. While the politicans meet and greet, ordinary people are losing their jobs and are losing hope. That's the problem as I see it. The President-Elect seems to understand it based on what I have seen so far


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Black Friday......

: Tough Times......
As the Bailout package was debated in the House yesterday, here is just a sampling of the news that was coming out:

1) 159,000 Jobs were lost in September


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