Tuesday, January 20, 2009

"There are no shortcuts or quick fixes to this crisis"



That quote, from President Barack Obama, appears on the OMB website. Disappointing to say the least. Perhaps the reason why Obama is so cautious is because his OMB chief, Peter Orszag--a noted fiscal conservative and deficit hawk--is pictured sitting right next to him. Orszag's concern over deficits is probably what keeps his boss from being more optimistic. It's discouraging.

1 comment:

googleheim said...

MIKE,

TO CONFIRM, SUPPORT AND EXEMPLFIY YOUR ANALYSIS TODAY ON THE DANGEROUS ATTEMPT TO PRIVATIZE OUR SOCIAL SECURITY SYSTEM AND THE POTENTIAL FOR SOME PEOPLE AND OR MARKET DOWN FORCES TO CRASH THAT VERY PENSION / RETIREMENT, I POINT AGAIN TO THE RETIREMENT SYSTEM IN CHILE ( SOUTH AMERICA ) :

http://article.wn.com/view/2009/01/12/Chile_heavy_losses_for_pioneering_pension_funds_e/

CHILE IS EXPERIENCING HEAVY LOSSES AND ALL THEIR RETIREES ARE BITING THE DUST WHERE AS THE ARGENTINE SENIOR SYSTEM IS NOT PUMMELLED.

PLEASE NOTE THAT SCHULTZ ON CHARLIE ROSE POINTED OUT THAT CHILE WAS THE WONDER CHILD OF THE KISSINGER/SCHULTZ/BUSH/GREENSPAN GAME ( END GAME REALLY ).

USA HAS FREE TRADE WITH CHILE AFTER USA SENT COL. POWELL TO APOLOGIZE FOR USA SUPPORT OF COUP ON 9-11-1973 WHICH OVERTURNED A DEMOCRATICALLY ELECTED CHILEAN GOVERNMENT WHICH WAS REPLACED BY PINOCHET WHO KILLED TENS OF 1000'S.

BUSH 1 AND KISSINGER ARE DIRECTLY RESPONSIBLE FOR THIS COUP. NOW KISSINGER IS AN EXECUTIVE ON THE LARGEST COPPER MAGNATE IN THE WORLD WHICH IS BASED OUT OF CHILE, WHICH HAS THE LARGEST COPPER MINES.

IT WOULD BE GOOD IF HIS COMMODITIES ARE IN THE COMMODE.

THE CHILEAN EXPERIMENT WAS THEIR POSTER CHILD OF WHAT WE WERE TO ACCOMPLISH HERE. EVIDENTLY IT FAILED AND WE SHOULD TAKE IMMEDIATE HEED TO THIS DANGER.

TOM DELAY CONSIDERED THE STATE DEPT AND THE DEPT OF EDUCATION AS UNCONSTITIONAL. OF COURSE ALL REPUBLICANS WAS TO STARVE THE BEAST ( SOC SEC, ETC ) AND THEN DECLARE IT BROKEN SO THEY CAN DISMANTLE IT FOR CONTROL BY THEIR CRONIES.

THEREFORE THIS URGE TO TEAR UP OUR STABILITY AND INFRASTRUCTURE FOR RETIREMENT IS EVIDENTLY FROM THE SAME STRAIN OF NEOCONSERVATIVE HOGWASH THAT IS SELLING OUT AMERICA AND LEAVING US IN THE MOST PRECARIOUS POSITION EVER.