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Fred Donaldson

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Fred Donaldson

Wondering why our American Dream is rapidly becoming a faded memory...

Monday, April 26, 2010

Your Retirement, Obama, the IMF, Greece and the New Democrat Coalition

Fareed Rafiq Zakaria is one of the top 25 most influential journalists, according to Forbes magazine, and as editor at Newsweek and host of a Sunday CNN talkshow, it's difficult to argue that selection.

Another of the top journalists is Charlie Rose of PBS fame. And you can add Mort Zuckerman, owner of U.S. News and World Report, who is also a frequent guest on MSNBC.

The three have some things in common, besides their membership in the Trilateral Commission. All supported the Iraq war and promoted it. All are financial interest lackeys. All favor the "centrist" approach of the New Democrat Coalition versus progressive American values.

It was amusing yesterday to watch Zakaria on CNN slobber over Goldman Sachs as he defended their activities, including betting against the very products they were hawking to widows and blind pensioners.

Zakaria used the argument that Goldman only finds buyers on each side of a bet. He neglected to mention that Goldman manages hundreds of billions of dollars in other people's money, making fees on buys and sells, and owns everything from companies to crude oil on its own books.

Meanwhile, along with Zuckerman and Rose, he is promoting the CNN, MSNBC, PBS, Washington Post Republican agenda to eliminate corporate taxes and estate taxes for the rich and pay for that with fewer public services, including cuts to Social Security, Medicare and Medicaid.

Where is Obama during this assault on our people? As a friend of the New Democrat senators like Kent Conrad, Max Baucus and Ben Nelson, he is secretly applauding the impending intervention of the International Monetary Fund (IMF) into the government of Greece. That country, you may recall, was crushed by loses in investments handled by Goldman Sachs. In recent weeks the big banks have been forcing Greece into financial collapse, with bond interest rates pushing 10%, and that led to IMF as the only recourse.

Now, Greece is raising retirement ages, cutting civil servant salaries and pensions, zooming middle class taxes and preparing for eliminating all types of public services. Goldman made a lot of money on that national misery.

Word from the IMF is more cuts in pensions and higher retirement ages are needed in all European countries (where it is 65 or less) and the U.S. (already 67). That is endorsed by a slew of commentators, including the three mentioned above, but also stooges like the bleached blond two-hour Carter protege daily on MSNBC.

Look for the Pete Peterson-inspired, Obama Deficit Commission to bring all this to a canker with its report later this year.

I highly recommend you bookmark the following site for a complete review of "change (the rich) can believe in":

Virtual Summit

And here's a link to a nice story about eliminating the estate tax - no, it's a little piece on Pete Peterson's grandson. You really want this kid to be a billionaire? He's on the right in the picture below the link.

What a cutie!

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Saturday, April 10, 2010

Poison bagels and kill Jews?

Is this hate speech?

Probably not, since it is directed at Jews and Israel, not more politically proper groups.
Why not report it? Or, is there no place to report it?

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Monday, April 5, 2010

More Woody talk from America's (past) hero, and another good argument for taxing the rich!!

It's 2 pm to 2.40 pm today and what's on tv news?


Although there was an earthquake in Baja last night and our stooge in Afghanistan yesterday said he might defect to the people murdering our sons and daughters, every one of these channels was covering a moronic press conference with Tiger Woods.

Tiger plays golf, which is a rich man's game, but for the Fox Business Channel and Cable News Business Channel to stop covering the stock market for 40 minutes is a travesty and poorly serves their self-centered elitist viewers. Most of that audience couldn't tell the difference between Woody and the guy who cleans the toilet in the executive suite.

The analysis on all channels following Woods' so-called interview was even more disturbing, and the most common phrase was talking heads asking each other to "evaluate his percormance."

Fortunately, there were no jokes about how many hookers have reported having the Tiger in their tank, or his use of a five iron for a hole in one.

It is not news when a celebrity talks about his broads for the umpteenth time, but it would be news if the cable networks fulfilled their public responsibility and just didn't cover such verbal vomit.

The girl in the picture is Woody's wife, and one look at her reveals what drove him to cheat - his studity.
The other picture is their Florida house, one of many abodes, and an obscene excess that argues for increasing income taxes on the rich to Reagan era levels and raising the tax rate on capital gains.

When Obama continues to refuse to make these changes on behalf of his wealthy supporters (and meanwhile plans cuts to benefits for seniors on Social Security) he surely gains the love of the rich, as well as the Republicans and their stooges in the New Democrat Coalition. That will not translate into victory in 2012, unless the media drumbeat drowns out all common sense.

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