Hm. Ahnold doesn't seem to have fiscal issues. Odd. No collapsing of the world's Sixth Largest Economy?

After months of disputes and $510 million worth of vetoes, the governor signs the measure that includes a $1.7-billion reserve fund.


By Jordan Rau, Los Angeles Times Staff Writer September 24, 2008
SACRAMENTO -- After vetoing $510 million in spending passed by the Legislature, Gov. Arnold Schwarzenegger signed the state's tardiest budget this morning, allowing more than 80,000 state vendors with outstanding bills to be paid.The governor's cuts include the elimination of $191 million in tax credits for elderly renters and property owners, and the postponement of one of the signature achievements of his first term: a program to help reduce prescription drug prices for low-income Californians....

Bernanke and Paulson have cooked the books. They are not trustworthy.

Simple math here. When the unemployment rate in the USA rises above 5% what occurs is a recession. The country is headed in the direction of higher un- and under-employment. However, the underemployment has been chronic for much longer than anyone wants to admit. When the Republicans held the majority in the House and Senate every bill they passed was a spending bill. THERE IS NO REAL ECONOMY IN THE USA.

The problem with this administration is that they talk out of both sides of their mouths and we know they do. The reality is that as of August, the USA economy stopped producing jobs. The reason is because the USA economy was an artifical economy based in 'the mess' we are now beginning to recover from. I know it doesn't seem like a recovery, but, it is to the point where DC and the States are unable to simply allow this to continue, SO, therefore this is 'the end' of this mess. To continue to believe Bernanke and Paulson while leaving Bush and Cheney in the Executive Branch is simply placing trust where it does not belong.

continued...


Regional and state unemployment rates were mostly higher in August (click here). Overall, 44 states and the District of Columbia recorded over-the-month unemployment rate increases, 5 states registered decreases, and1 state had no change, the Bureau of Labor Statistics of the U.S.Department of Labor reported today. Over the year, jobless rates wereup in 47 states and the District of Columbia and down in 3 states. The national unemployment rate rose to 6.1 percent in August, 1.4 percent-age points higher than a year earlier.


The USA Legislature has to proceed without 'feeding the beast' that Paulson advocates. A bailout is clearly the "W"rong direction. The people of this country do not want anymore mistakes with their country. The Democrat Legislature is NOT in this alone with an incompetent Executive Branch, however, they have to listen. People will recover their own economy, but, the Legislature has to listen.


This country has been through a lot since the Bush Bunch came into power. One of the 'survival' strategies everyone has been pursuing is to localize economies and encourage States to take control of the well being of their people. Every Democratic State in the USA has followed this strategy while preserving any and all economic growth they could find.


The way out of this mess is for the Federal Legislature to talk to their Governors. To talk to the Mayors of their major cities and learn where 'at street level' this is disaffecting the people of the USA. The Federal Legislature has to be 'reactive' to the needs of the States and their insight.

The fiscal infrastructure that needs to be upheld is at the State and Local levels. It is here that all the focus has gone as Bush has deeply cut supports to the States and Municipalities. The 'trust' extended by the Federal Legislature needs to take place where the 'impact of the negligence of this administration' found its home and that is THE STATES and MAJOR CITIES.

Do not shoot from the hip about this. Paulson and Bernanke are the worst source of expertise to return fiscal strength to the USA. They want to 'globalize' the entire mess and that won't help the people of this country.

For years since Bush took office the people of the USA have been taking back their country. The State governments and Municipalities have addressed this change in 'fiscal authority.' Let's face it, the United Nations has built relationships to stem Global Warming with every major city on the planet. The paradigm has changed, but, the Bush Bunch never bothered to recognize 'the will' of those that saw their country differently.

Half the population of the USA took their country in their own hands and quietly built a stronger America in the only way they could, by fostering local enterprises and strengthening their jobs infrastructure everywhere they found an opportunity. The States can provide guidance to the level of Federal supports they need. The States and Cities have relationships with all these financial institutions. There is plenty of expertise to go around, but, it ain't in DC, its in every Senator's and every House Representative's backyard. The methodology of the intervention by the Federal Government has to uphold the integrity of the State's fiscal infrastructure, otherwise, there will be more failure and more of the same even AFTER any bailout.

Find out what the States and Cities need and how they need to obtain it. It will provide stability and insight that no one in this mess even ventures to recruit. Don't destroy the infrastruture that has been growing parallel to this failure, it will cause a backlash that no one is even speaking to at this point.

Its the vortices that are expanding the ozone hole. Upper tropospheric air movment is increased and with it pollution.

...The hole, created by air pollution, has reached an extent already this year that exceeds the extent recorded in 2007, according to the World Meteorological Organization, a United Nations agency....


June 26, 2008
DESTRUCTION OF GREENHOUSE GASES OVER TROPICAL ATLANTIC (click here)
Large amounts of ozone – around 50 percent more than predicted by the world's state-of-the-art climate models – are being destroyed in the lower atmosphere over the tropical Atlantic Ocean. Published today (26th June '08) in the scientific journal, Nature, this startling discovery was made by a team of scientists from the UK's National Centre for Atmospheric Science and Universities of York and Leeds. It has particular significance because ozone in the lower atmosphere acts as a greenhouse gas and its destruction also leads to the removal of the third most abundant greenhouse gas; methane.
The findings come after analyzing the first year of measurements from the new Cape Verde Atmospheric Observatory, recently set up by British, German and Cape Verdean scientists on the island of São Vicente in the tropical Atlantic. Alerted by these Observatory data, the scientists flew a research aircraft up into the atmosphere to make ozone measurements at different heights and more widely across the tropical Atlantic. The results mirrored those made at the Observatory, indicating major ozone loss in this remote area....

An Escape Clause

There is an interesting article in The Boston Globe at the title to this entry.

I imagine Dodd is just about as devastated as anyone else is. I can only imagine the thoughts he has about this issue.

The Democrats really need to speak out about all this and although this may not be Barak's first choice, at some point in time we need to hear from the Former President Bill Clinton.

The Democrats need to express their concern for a program that has been premediatedly and "W"rongly conceived. I don't doubt the Legislature has to do something, but, it really is up to the Legislature not the Executive Branch. This act of abandonment of American values by the Bush White, by abandoning the American Homeowner is simply outrageous and ranks up there as an act of treason. The backbone to the American economy is the American Dream. This is an act against the citizens of this country.

Bottom line is that The ENTIRE package the Legislature comes up with also has to have an Escape Clause to insure there is no 'tripwires' to any act by this administration. In other words, the plug can be pulled to cancel every aspect of this measure if fraud or exploitation seems to be coming into play. I fully expect it will, actually.


I still feel strongly the best outcome will result if financial institutions remain solvent with exceptionally low cost loans. It is them that can place the country back on its feet, not the government. We need to get out of their way to re-establish healthy relationships with consumers and return the American economy to function rather than dysfunction.


I am assuming all these institutions will be sending representatives to Washington, DC to testify to the extent their hands were tied to do anything about their circumstances, especially in regard to the phenomena "Mark the Market" and its single most devastating effect on the negative outcome of the current mess. If I were any commercial institution disaffected by this incompetency I would make sure I was heard with a laundry list of all the problems that resulted in this devastation to their financial sector. I think it is a flat out crime that this occurred. I hope they consider it to be the same.

The way I see it, the egotistical Bush and Paulson did their job. They took an issue to the people and the Legislature now has to 'handle it.' Bush and Paulson are now excused.

We the People...until oxygen is out of my lungs forever

Michael Moore's Slacker Tour (click title to download)

Look, Mike, it was an incredible journey you started, to begin the process of empowering the youngest of our voters. Its your legacy, besides so many movements started under your gaze.

But.

Michael.

That speech at the end of the film you gave in Tallahassee.

It caused me pause. It ranks right up there as one of the greatest speeches for civil rights ever given in this country, from a man that has fought hate and discrimination all his adult life. You live your experiences in life, Mike.

Wow.

Thank you for the film. Everyone I know is getting a copy or a viewing. But, remember. This is a movement that will sustain and it will bring about change as the numbers grow. We are taking back our country, and it has everything to do with you, Mike. The 'wave' you started that began with Fahrenheit 911 is only the beginning...