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February 28, 2009

say it ain't so O

Analysis: Democrats self-destructing over ethics

By LARRY MARGASAK – 8 hours ago

WASHINGTON (AP) — The Obama administration and the new Congress are quickly handing over to Republicans the same "culture of corruption" issue that Democrats used so effectively against the GOP before coming to power.

Freshman Sen. Roland Burris, D-Ill., is only the latest embarrassment.

Senate Democrats accepted Burris because they believed what he told them: He was clean. Burris now admits he tried to raise money for Illinois Gov. Rod Blagojevich, who authorities say sought to sell President Barack Obama's former Senate seat.

"The story seems to be changing day by day," Senate Majority Leader Harry Reid, D-Nev., said Wednesday.

The political mess for the Democratic Party, however, isn't Burris' conduct alone; it's the pattern that has developed so quickly over the past few months.

_The chairman of the House Ways and Means Committee, Rep. Charles Rangel, D-N.Y., is the subject of a House ethics investigation. It's partly focused on his fundraising practices for a college center in his name, his ownership financing of a resort property in the Dominican Republic and his financial disclosure reports.

_Federal agents raided two Pennsylvania defense contractors that were provided millions of dollars in federal funding by Rep. John Murtha, D-Pa., chairman of the House Appropriations defense subcommittee.

_Blagojevich was arrested Dec. 9 on federal charges, including allegations he schemed to sell the Senate seat to the highest bidder.

_Tom Daschle, the former Senate majority leader from South Dakota, abandoned his bid to become health and human services secretary and the administration's point man on reforming health care; and Nancy Killefer stepped down from a newly created position charged with eliminating inefficient government programs.

Both Daschle and Killefer had tax problems, and Daschle also faced potential conflicts of interest related to working with health care interests.

_Treasury Secretary Timothy Geithner was confirmed after revealing he had tax troubles.

_Obama's initial choice for commerce secretary, Bill Richardson, stepped aside due to a grand jury investigation into a state contract awarded to his political donors.

_While the Senate voted overwhelmingly to confirm William Lynn as deputy defense secretary, Obama had to waive his ethics regulations to place the former defense lobbyist in charge of day-to-day operations at the Pentagon.

The No. 2 Senate Democrat, Richard Durbin of Illinois, expressed his anger about the Burris case Wednesday while he was on an official visit to Greece.

"I do believe that the public statements made by Mr. Burris to this point have raised questions ... as to the nature of his relationship with the former governor and the circumstances surrounding his appointment," Durbin said.

Reid said in Nevada, "Now there's some question as to whether or not he told the truth."

Where to go next? Reid had no answer.

"What I think we have to do is just wait and see," the Senate leader said.

Senate Democrats now may be trapped in their own ethics system. Disciplinary action against a senator usually requires a long investigation by the Senate's ethics committee. While a preliminary inquiry on Burris is under way, that's only the first early step. And, with ongoing criminal investigations in Illinois, the committee probably would have to postpone any action — as it usually does — to avoid interference.

In 2006, Republicans lost control of the House after Democrats effectively used a "culture of corruption" theme against them.

The final scandal broke shortly before the election, when it was revealed that then-Rep. Mark Foley, a Florida Republican, sent sexually suggestive e-mails and explicit instant messages to teenage boys who had served as House pages.

Republicans were further harmed when it was disclosed that several of their members were aware of the problem and failed to take action.

Democrats, who've been in control of both Congress and the White House less than two months now, are lucky on one point. The next congressional election is nearly two years away. say it ain't so

Travel warning

The State Department issued a travel alert for people going to.........MEXICO
They describe Mexico and a land of Kidnappings and indiscrimate killings.

Raw sewage spills into S.F. Bay

Last weekend 890,000 gallons of raw sewage and stormwater spilled into San Francisco Bay
On avg. human waste spills into the Bay more than 5 times a day
more than $8,000,000 from the stimulus money will go to fixing their problem

Talk about Pork Barrel spending eh.

the story of Rick or why the economy sucks

This story began back in 1996.
Rick a 31 year old dutchman met an american girl while she was visiting Amsterdam, they fell madly in love and he moved to the U.S. to marry his love.
In 1997 they married.
Rick restored antiques for a living and wanted to open his own shop fixing and selling antiques and used furniture.
In 1998 he went to the bank and told them of his plans and applied for a $15,000 loan.
The banker told him that because of his credit record it would be wiser to applu for $25,000 and that way he may get the $15,000.
Lo and behold, he got his $25,000
Rick opened his shop ( 800 sq.ft.) in Norwood and proceeded to eek out a living. The store next door became vacant in the next year and his landlord made him a deal he didn't want to refuse but he needed more cash so......back to the bank he went and got an additional $25,000 which he used to expand and hire 2 people.
2 years later more space became available and he rented that also but.......he needed more cash.
Off to the bank he went and got an additional $50,000
He and his wife divorced but he continued on his quest of making himself a Millionaire
By 2002 he had 5 employees and was cash strapped so off to the bank again and got another $50,000 but business was tight so he began using his business credit lines with very generous amounts given to him.
He now had a 6000 sq ft store
In 2006 his ex wanted to reunite but first she wanted him to buy a house for them ( everyone had one).
He found a place in Westwood for $309,000 but very run down which he bought with zero down and zero interest.
When he applied for the mortgage his debt was at around $500,000+. He got the loan! They never remarried.
4 months later he went back to the bank and applied for a home improvement loan of $91,000 which he also got.
He realized that he was now over a million dollars in debt and his business was failing so.........knowing he could never repay it, even if the interest was frozen he'd have to pay$50,000 a year until he was in his 60"s
He took the $91,000 flew to Houston bought himself a used Jaguar drove it back to Norwood
Now Rick was 41, he decided to leave the country behind and flee to the Bahamas
Before he left, he went to Sears to buy stuff for his trip and upon entering the store was approach by a woman offering a Sears credit card with an instant $600 limit ( he took it) he bought himself a nice digital camera
He then walked into Home Depot and the scene was repeated with a $300 limit which he also took, went outside the store and sold it to the first person who came up with $100
He got a job in the Bahamas as a cowboy taking tourist for horse rides along the beach. Today he has a better Tan than I could ever dream of and has no fears of ever being tracked down.

Who's at fault? The bank that should have seen his debt and his inability to repay the money or him for taking

February 25, 2009

pirate walks into a bar

A pirate walks into a bar with a ships wheel stuck to his crotch
the bar tender says" do you know you have a wheel stuck to your crotch"
the pirate say " RRR I do and it's driving me nuts"

two snails have a fight

it was a real slugfest

predictions from NostreMoorehead

China will move on Taiwan and we won't ( can't) stop them
North Korea will attack South Korea
Russia and the Ukraine will go to war
Mexico will suffer a civil war and the U.S. will have to send in troops
Thailand and Burma will go to war
India will eliminate Pakistan as a country
Guam,Hawaii,Alaska will break away from the U.S.
Gold will hit $4,000
Oil will hit $18 a bbl.
12% U.S. unemployment will be comfortable
DOW will hit 4500
S&P will hit 350
NASDAQ will hit 990
Unemployment Marches in D.C. next year will result in violence
Iran and the U.S. will become allies
The middle east will be the middle east for the next 60 years and then peace
Jennifer Aniston and Brad Pitt will get back together

work???

On monday the gov. will report the amount of people who lost their jobs in Feb.
Jan. we lost 583,000 ( unrevised)
Dec. almost 500,000+
Nov. 300,000+

Feb. could be as high as 750,000

no one fired....people just pay

CharlieCard contract wasted millions, auditor says
(Patricia McDonnell/ File)
By Martin Finucane
Globe Staff / February 25, 2009

The MBTA wasted $15.4 million because of inadequate planning and oversight of the design of the CharlieCard automated fare collection system, state Auditor A. Joseph DeNucci's office said yesterday.


The system's original contract with Scheidt & Bachmann USA Inc. was for $75 million. The authority paid $19 million more for change orders authorizing work that was not originally specified in the contract, said Glenn Briere, a spokesman for the auditor. DeNucci's office questioned $15.4 million of the change orders, authorized between 2003 and 2008. It also said the change orders had delayed the implementation of the system by a year, losing the MBTA the opportunity to save $2.9 million in revenue by eliminating fare evasions.

"This is another example of a multimillion-dollar project costing more than it should because there wasn't enough oversight," DeNucci said in a statement. "The taxpayers and the MBTA's riders are paying for that extra cost. In the future, the T management should provide more oversight of the design process and make sure that its contractors live up to their obligations."

or.....gi's attacked by Iraqis

G.I.’s Attacked by Iraqis in Uniforms


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By MARC SANTORA
Published: February 24, 2009

BAGHDAD — American soldiers were attacked, and one was reported killed, by Iraqi insurgents wearing police uniforms in Mosul on Tuesday, making it at least the third attack in the restive northern city in the past two months by Iraqis wearing the uniforms of security officers.

less we forget we are at war

Afghan Blast Kills 4 U.S. Soldiers

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By THE ASSOCIATED PRESS
Published: February 24, 2009

KABUL, Afghanistan (AP) — A roadside bomb killed four United States soldiers in southern Afghanistan on Tuesday, the United States military said, the latest example of the growing strength of the insurgency there as President Obama prepares to deploy additional troops to the country.

2 + 2 = I don't know

Merrill Lynch says it lost $27.6 billion in 2008, $533 million more than previously reported

By Associated Press
8:53 AM EST, February 25, 2009

NEW YORK (AP) — Merrill Lynch & Co. disclosed late Tuesday its 2008 losses were about $533 million more than previously reported, according to a regulatory filing.

Merrill revised its full-year loss to $27.61 billion from the $27.08 billion it reported last month, according to a filing with the Securities and Exchange Commission.

The New York-based investment bank has been among the hardest hit by the ongoing credit crisis. On Jan. 1, New York-based Merrill completed its sale to Charlotte, N.C.-based Bank of America Corp.

The updated filing shows Merrill reported a negative revenue net of interest expense of $12.59 billion for the year, compared with a previous estimate of negative $11.72 billion. The change is related mostly to principal transactions, causing Merrill to record a revised negative revenue of $27.23 billion, compared with a previous estimate of negative $26.18 billion.

down we go

Existing home sales sink 5.3 percent in January in weakest month since July 1997

By ALAN ZIBEL | AP Real Estate Writer
10:05 AM EST, February 25, 2009

WASHINGTON (AP) — A real estate group says sales of existing homes took an unexpected plunge from December to January, falling to the lowest level in nearly 12 years as buyers waited for the government to boost the U.S housing market.

The National Association of Realtors said Wednesday that sales of existing homes fell 5.3 percent to an annual rate of 4.49 million last month, from 4.74 million units in December. It was the weakest showing since July 1997.

Sales had been expected to rise to an annual pace of 4.79 million units, according to Thomson Reuters.

The median sales price plunged to $170,300, down 14.8 percent from $199,800 a year earlier. That was the lowest price since March 2003 and the second-largest drop on record.

how high can we fly

'Mass layoffs' increased sharply last month as companies cut costs amid worsening recession

By Associated Press
10:31 AM EST, February 25, 2009

WASHINGTON (AP) — The government says the number of "mass layoffs" sharply increased last month as employers cut payrolls in the face of a deepening recession.

The Labor Department says mass layoffs, or job cuts of 50 or more by a single employer, increased to 2,227 in January, up by almost 50 percent from the same month last year.

The department says more than 235,000 workers were fired due to January's cuts.

Companies from a wide range of sectors announced thousands of layoffs last month, including Home Depot Inc., Boeing Co., Pfizer Inc. and Caterpillar Inc.

February 24, 2009

new news

It's been awhile since my last entry beacuse I had given up hope........then along came the Big O.

I drank the kool-aid fromn the get go.

Now apparently he's decided to push his 16 onth deadline in iraq to 19 onths leaving 50,000 behind after that. That's not what I voted for damn it!