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>G-20 Guilty of Global Financial Hypocrisy

>Oh, the hypocrisy of Geithner and G-20 leaders. On one hand they pat themselves on the back for over-bailing out big banks while at the sane tune promising fiscal restraint in the future and balanced budgets. BUDGETS? OBAMA IS OPERATING WITHOUT A BUDGET. HOW LONG ARE WE GOING TO ALLOW HIM TO EMASCULATE AMERICA THIS WAY. HOW LONG BEFORE WE GET DISGUSTED AND KICK THE BUM OUT – ALL THE WAY BACK TO KENJA WHERE HE CAME FROM?.

I don’t believe the world’s financial wizards are capable of running the world. They can’t even run their own countries’ monetary systems, let alone the world’s. The reason the world is in this mess in the first place is the over-stimulus of nations’ banking systems. When Americans heard Barak Obama say he needed to stimulate the U.S. economy, they had visions of job creation. Well, in the end the truth comes out. Job creation had nothing to do with his plan to dump trillions into the banks private coffers, at taxpayer expense.

Here’s an example of the kind of job creation Obama is capable of: In May, 2010 ninety-five percent of all new jobs created in America were government jobs. Now, sixty percent of our GDP comes from government paychecks and only forty percent from private enterprise. This is not sustainable. When will we learn? Or is Obama trying to take down our country intentionally? Of course he is. His idea of a good world is leveling the economic playing field. Take from the rich (real job creators) and give to the poor (unions and those who never create new private enterprise jobs, but whose salaries are almost twice that for private enterprise jobs of comparable difficulty). Where can we run? America was the last bastion of the capitalistic system. There’s no place to run. Then we must fight back – take back the government and chase Obama and his ilk off the continent. Maybe Mexico where drug lords rule would take him, Australia where socialism is rampant, Haiti, Cuba, or Puerto Rico.

Other nations took Secretary of Treasury Timothy Geithner’s lead and followed suit. Now it is widely known that had we let Goldman Sachs, Bank of America, and J.P. Morgan go under we would not have prolonged the problem or hurt our country one wit. It would have righted itself as did the recession of the 1920s. Democrats like to make an economic mountain out of a molehill. Wasn’t it that damnable Rahm Emanuel who said “you never want to let a crisis go to waste? Sure he did. And he’s the brains of this Chicago criminal, Barak Obama.

Other people with money would have stepped forward, even without government money, and would have created a reformed banking system. Now we have these fake bankers that we always look to and save to ruin our system. My motto: Let them fail. Congress, The Fed, Geithner and the president didn’t bail out my barber or my favorite restaurants. They failed and more efficient ones take their place.

It’s sickening to hear that G-20 now says they have seen the light and that we need to stem the tide of huge deficits, bailouts and lack of financial transparency. Wellcome to the party, even if you’re eighteen months late.

The problem is this: G-20 article is superficial and at odds with the truth; and don’t believe what you will read in the following report about them. They are liars of the first class. Because of a liar president, they don’t need to tell the truth. They know they will always be insulated from Congressional investigations and voter grilling. Vote Obama and his progressives out of office in November. Let’s right this badly leaking rickety ship of state. Don White, publisher

G-20 finance chiefs agree on need to curb deficits

BUSAN, South Korea – World financial leaders pledged Saturday to push ahead on curbing deficits and crafting financial reforms to safeguard the global recovery, including making banks bear much of the burden for government bailouts.
As expected, the finance ministers and central banks gathered in this southern port city finessed what some said were at times heated differences over how to reshape financial regulation and build safety nets for countries stricken by debt crises.
The Group of 20 welcomed measures taken by the European Union, the European Central Bank and the IMF, including a $1 trillion bailout, to help countries cope with the fallout from unsustainably high debt.
“All of us have a strong interest in seeing those programs succeed in restoring confidence,” U.S. Treasury Secretary Timothy Geithner told reporters after the meetings ended.
Long-term, sustainable growth will depend on rebalancing growth, he said.
“The United States is moving aggressively to fix things we got wrong and to strengthen our economic fundamentals,” Geithner said, noting that as Americans boost savings and investment and consume less, other countries will need to generate more growth.
“All the countries recognize the basic reality that the U.S. is reforming and adjusting and that for the world to grow at its potential it is going to require that growth outside the U.S. will come more from domestic demand than in the past,” he said.
Europe’s sovereign debt crisis — and Hungary’s warning this week that it risks a Greek-style meltdown of its own — sharpened worries that the global economy could succumb to another downturn following the one sparked by the collapse of U.S. investment bank Lehman Brothers in 2008.
The precarious levels of indebtedness among many countries also has driven home the need to restore what in G-20 speak is called “fiscal sustainability,” participants said.
“There is a significant change of tone in the language that the G-20 use on the issue of fiscal sustainability and there is a very explicit reference in the communique to those countries with serious fiscal challenges needing to accelerate the pace of consolidation,” said British Chancellor George Osborne.
While the euro fell below $1.20 for the first time in more than four years Friday in reaction to Hungary’s woes, European officials insisted the problem was being overstated.
“Hungary has made serious progress in consolidating its public finances over the last couple of years,” Olli Rehn, Europe’s commissioner for economic and monetary affairs, told reporters. Any talk of a risk of default “is widely exaggerated,” he said.
Despite qualms over the long-term prospects for European currency unity, ECB President Jean-Claude Trichet defended the euro, calling it a “solid currency, a credible currency, a currency that has kept its value in terms of price stability.”
The talks in Busan prepared the agenda for a meeting of G-20 leaders, including President Barack Obama, in Canada later this month.
In the wake of the global recession, the G-20, which includes both advanced and emerging economies, has taken over from the Group of Seven industrialized nations as a key priorities-setting group for the global economy.
The finance ministers are working on reforms of financial regulations to help prevent the kinds of financial meltdowns that contributed to the recession, the worst global slump since World War II.
While there seems to be strong consensus on the broad strokes of what needs to be done, the difficulty is in technical details for reforming financial regulations, including how banks and other financial institutions might bear the burden for government bailouts and other interventions.
The communique issued Saturday did not include any reference to a proposed universal tax on banks to help pay for bailouts, instead saying there was a “range of policy options” to help protect taxpayers.
“It was apparent that most G-20 members do not support the concept of a universal levy,” said Canadian Finance Minister Jim Flaherty, whose government opposes it on the grounds its banks had not needed government intervention during the recent crises.
Geithner said the group was ready to move ahead on stronger capital reserve requirements for banks and limits on indebtedness to help banks and other financial institutions weather future crises.
“We will expedite development of new rules while setting a transition period,” he said. “Reducing uncertainty about the ultimate shape of these new rules will help minimize financial headwinds for recovery.”
The group discussed China’s currency, but only in the context of the need — acknowledged by Beijing — to help rebalance its economy toward greater reliance on domestic demand.
The U.S. has urged China to move faster in loosening controls that keep the yuan tethered to the U.S. dollar, and thus undervalued, aiding its exporters in overseas markets.

>Obama Should Fire His Inept Staff


He Should Stop Playing Russian Monopoly!

Why is President Obama having trouble vetting appointments? That’s kid’s play. Why can’t he seem to get a handle on the economic crisis? Why is he so intent on trashing our democratic way of life?

“What’s wrong?” It all boils down to dishonesty.

The wrong president has FAILED to assemble the right key advisors? Maybe he should STOP and reconsider [put aside] his “Chicago Ways.” Importantly, he should re-screen his liberal cronies – put them to the test and if they fail, fire their butts.

Obviously, as Einstein inferred, if something’s not working you need to stop doing that which got us into trouble in the first place.

A big part of Obama’s problem is that he’s not an honest man. He knows better, but he still acts as if the “FDR depression” was not lengthened and worsened by Roosevelt’s big government spending programs.

The test? Yes, the test today, which Obama should administer to Axelrod and Emanuel and the others, is how fast can they think, how wise can they be? Can they learn anything new and adapt?

This requires not a set of static leadership and followership rules, but rules that are ever changing as the world changes. I fear for our country if Obama doesn’t quickly take a step back and look at what he has done and say, “No more!” And I suggest instead of Monopoly, his people must learn to play a “Carmen Sandiego” game where the board itself is ever changing. How’s that for flexibility and ability to multi task and adapt? But that’s precisely the game our global world requires of us, especially with the great amount of world political and economic instability coming from America’s tough opponents and the wild card personalities in this international terror game led by Vladimir Putin, Hugo Chavez, Raul Castro, Mahmoud Ahmadinejad, and Osama Bin Laden.

Sadly, if Obama has taught us anything it is that we are our own worst enemy.

Presidential leadership requires that Obama abandon his static rules of the game, that is that everyone act like staunchly wild party going, left-wing Democrats — that they stop playing the Monopoly of Communist Russia where government owns the utilities and railroads, Park Place, Marvin Gardens, and Boardwalk. It must be a “game” where government gets out of “property’ ownership altogether and leaves that to “we the people.”

Successful business leaders often do well in Washington. If Washington would recruit more topflight business executives, as Kennedy and Reagan did, which would have to include conservatives and liberals alike, it might ensure a less hazardous road ahead and better decision making for the new president. It was a shame that Obama’s loose spending ethics and big government end game made it impossible for Senator Judd Greg to become Commerce Secretary. But if you have to serve a “dictator” in order to serve your country, as conservatives, you and I may have made the same decision. Why presidents choose people of opposite persuasion is to improve the administration’s thinking. But it became abundantly clear that there was no room for conservative thinking in the speeding, out-of-control Obama “Yes We Can” train that has almost imploded America.

In his book the Art of the Long View, Peter Schwartz develops and explains scenario planning using computer simulations of possible futures that he used in his work at Shell Oil Company. He claims both businesses and governments can use these methods to determine the optimal, realistic, analytic, and imaginative outcomes that produce the desired results.

He said if you were born twenty years ago and are on top, or at least on your way, you likely have a “good helicopter” in your head. This means the ability to see the big picture and zoom down to focus on the key details simultaneously. He believes that people born in the last two decades of the twentieth century are “better equipped to have such helicopters. With its speed of change and uncertainty, the world educates young people to think. “I see the difference in kids now; they’re more sophisticated about the world, steeped in its complexities, with more sense of their own potencies,” said Schwartz/

In a game like “Monopoly” we follow a never-ending path around the board until somebody wins. In the world survival games we play today, however, like the “Carmen Sandiego” games, the board itself changes depending on what the players do. Regular exposure to such games, to cable news networks, to travel, and to new types of contact with other people will give you the intimate closeness to change that you need to understand it, and the words to describe what you are.

Schwartz believes that the challenges we face and the opportunities we have come from are important. Three major forces will form the context of our lives: New technologies of information, molecular engineering, and biology; solving the great divide that separate the haves from the have nots without dismantling our Western democratic, free enterprise way of life; and the force of ethnic diversity that has become America’s destiny and opportunity. How we handle all three of these will define our country’s future. So far, we seem to have struck out in the area of government intervention and Obama’s attempt to create a level economic playing field. It has been and will be a complete failure unless he steps back and re-examines the mistakes he has made and reverts to the good old fashioned way of job creation, where people buy stocks for their retirement and are able to see their investment create jobs instead of feeling the trauma of government ravaging those retirement funds with high taxes and with little or no leveling accomplished.

What we learn from Obama’s “romp” in the oval office and in the White House halls of history is crucial. What he learns is even more important. How we and our generation respond to these challenges and opportunities will determine what kind of future our children will have. And right now that’s not looking too rosy, thanks to the short sighted and profligate Obama administration.

The economic and political systems of the world are ever more intertwined at a global level. There is the possibility of a planetary society of enormous abundance, Schwarts says – a truly productive, open, and free world. But the process of producing that global economy poses many challenges, none the least the setting of America’s ship of state aright politically and economically.

America deserves what it got in Obama, an economic neophyte. He knows less than John McCain about the economy – and that’s really saying something because McCain is almost brain dead. No, our electorate let a golden moment pass us by, that of electing an economic genius president, namely Mitt Romney; and for that I blame the Republicans and John McCain’s dishonest heart, not the Democrats. Democrats and Republicans, alike, are responsible for not wanting to open up the presidency to a Mormon when it has already openly embraced a Catholic and now a half-Arab black former Muslim. But you have to remember, black men in America received the vote some 50 years before women sufferage came about [in 1919], so it’s only right — a black man was destined to be president before a white Mormon, wsn’t he?

>Circus Clowns, Trapeze Artists, and The Big Top

Say What You Don’t Mean! Huh?

Don White
Everyone is so dishonest and devious today! I read this article by Lisa Riley Roche in the Deseret News, If this had been published in any paper besides that one I wouldn’t have believed it. See how biased we become.

But I just gotten through reading part of a book by Andy Borowitz, humorist for the New Yorker called Who Moved My Soap? Which is straight satire about locked up CEOs. It starts by saying his 84-page book is fiction, which satire is…

I was in the mood for a laugh, then I read the Roche article which suggests that Karl Rove wants to help Mitt Romney get the VP nod from McCain but is going about it “bass-akwards” to throw people off. Oh, yeah! The indirect approach, works every time.

When we were kids we used to ask for something we didn’t want just to turn our parents onto giving us the opposite. For example, one time I would have given my two front teeth for the chance to go to the circus with my dad. I went around all day saying, “I really don’t like the circus. Other boys like to go to the circus with their dads; but me? I hate the circus. I don’t want to go to the circus with my Dad. No, there’ll be no circus for me. I hate circus peanuts, coke, hotdogs, carmeled apples, popcorn, and ice cream.

No, watching the trapeze artists fly through the air with the greatest of east is too scary. I hate seeing the lions and tigers. They poop all over and it smells. I don’t like the clowns with their sad, painted faces, or the beautiful girls dressed in almost nothing. Or the muscle men, flame eater, the magicians, and the guy who gets shot through the air by a real cannon. Nope, no fun for me. I’m a sedate child. I’d have a fit if I saw all that worldly stuff. Nope, you won’t find me asking for my Dad to take me places.

You can just lock me up in a windowless room with nothing but a table, a chair, a bed, a couch, a toilet and 10 cases of bottled water. I would not leave that room until everyone else who was having fun had returned from the circus. That way my parents can save enough money to afford to feed me for a week.

Of course, after that elaborate charade I ended up going to the circus with my pop and enjoyed it a lot.

But what about all the lying in the world? This former White House strategist Karl Rove, for example? They say he may be trying some new political tricks to help fellow Republican Mitt Romney secure the party’s vice presidential nomination.

Remember, Rove’s the smart guy who left his post as a top adviser to President Bush last year and now.does color on Fox News. Like I know what “color” is, except it must be like a baseball color man who doesn’t call the action, he just gives the inside opinions and stupid little stories. That’s color.

Rove must have had a dreary childhood like mine. He mustuve learned the same lessons I learned—you ask for exactly what you don’t want and you end up getting what you want. Sounds crazy, right? But it works every time.

Here’s why I know about Rove. Lately, he has been blurting out that Romney turned in an “uneven performance” in his own failed presidential bid, saying the former leader of the 2002 Winter Olympics in Salt Lake City made mistakes because of his limited political experience and that Romney criticized Bush.

Good, huh? This way he makes him look like an outsider. That’s what the election is all about this time. Both sides want to look like outsiders so they can make changes they think people want. Insiders can’t do that.

I know what’s going on. You talk tough about Romney’s flaws and you boost his chances of being chosen vice president by distancing him from an unpopular Bush administration.

But he’s got to be careful criticizing Romney, saying he made the mistake of being critical of Bush, you actually link him to President Bush. You don’t want to do that to someone you actually want” to promote as vice president. Most importantly, you’ve got to make sure Romney is not portrayed by others as the candidate handpicked for McCain by Karl Rove.

Mild criticism of Romney by Rove is intended to separate Romney from the administration. You don’t want to hug him too closely, If you hug him too closely, you suffocate him.

Rove is being careful not to actually endorse Romney for just that reason.
He is first to realize his endorsement could carry unwanted baggage. A positive political analysis from Rove is very helpful while an endorsement might be the kiss of death.

Romney should feel a sense of encouragement from Bush and his closest advisers, including Rove. Bush waited until the GOP nomination was settled before endorsing McCain.

Who knows what Karl Rove is up to? He usually is thinking a few chess moves ahead with every comment. No one has been more outspoken that Mitt Romney is the best possible vice presidential candidate for McCain.

Professor Matthew Wilson of Southern Methodist University in Dallas said Romney should avoid too close a tie to Rove. “Mitt Romney certainly doesn’t want to be seen as Karl Rove’s creature,” said Wilson, who specializes in religion and politics.

Wilson suggested Rove may be coming across as critical of Romney because he is concerned that McCain isn’t listening to him.

Rove told the Television Critics Association press tour in Beverly Hills on Monday that while Romney probably had the best campaign organization of any Republican candidate, he failed to connect with voters.

And last month, Rove made it a point on “Fox News Sunday” to offer a list of Romney’s flaws even as he praised him for his executive experience in business and as a former governor of Massachusetts, as well as with the Olympics.

“This is the guy who talked about environments and marching with Martin Luther King and so forth. And there’s also the Mormon problem, which was really sort of astonishing to me,” said Rove, who grew up in Utah.

The Mormon “problem” that Rove described was the negative reaction some voters had to Romney’s membership in The Church of Jesus Christ of Latter-day Saints and the idea of a Mormon president.

Wilson said Romney’s faith is only a “minor factor” in considering whether he should be the vice presidential nominee. “It is not irrelevant, but it’s not as important as the person at the top of the ticket,” the Texas professor said.