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The GOP poops out another front-runner.
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Frontal Newt-ity

newt fucking gingrichNewt Gingrich is the current favorite for the GOP presidential nod, which is bad news for the Republican Party as Newt has more questionable baggage than the belly of a Fillipino 747.

On top of which the man has no ideas to bring to the debate other than "Obama Sucks" and "More money for my corporate Lords and Masters", although that's pretty much the same as all of the other Republican candidates.

His qualifications are not that unusual as this is exactly the kind of nincompoop candidate the GOP has been breeding for the past 20 years, culminating in the largest assemblage of simpleton's running for chief executive in this country's long history.

That is not hyperbole.

Newt's candicacy will fade like a Kardashian marriage vow once his sordid personal and business history filters its way up to the masses, so the question is: Who will take his place? In answer, let me put it this way...

The late George Carlin once humorously surmised that, strictly by the process of elimination, somewhere in this country exists the worst doctor, and that someone has an appointment with him tomorrow.

In that same vein what we're going to end up with is the least offensive GOP candidate possible. So, ladies and gentlemen, I give you your new Republican Presidential candidate for 2012...

John Huntsman.

Yeah, I don't know who that is, either.


The following is the intro of a revealing look into the machinations of Wall Street from an insider's point-of-view. It reveals why you, as the 99%, should be utterly pissed:

you're screwedI'm writing this in hopes that the OWS movement can have a better understanding of the hedge fund industry and the financial markets. With OWS being the zeitgeist of current politics, I think it's important to know how exactly the hedge funds, along with the financial markets are destroying the 99%.

Hedge funds. These guys are basically the vehicles of choice for ultra-rich people to get into the financial markets, besides family offices and private wealth managers. What are hedge funds? They are funds that have a 1-5 million deposit minimum, cater to the mega-rich, and can invest in anything without regulatory restrictions, use leverage to pump up their exposure by 15x, and pretty much eat up a vast majority of the industry's profits.

These guys invest in EVERYTHING. Instruments you've heard of - stocks, bonds, forwards, futures, currencies, and instruments that you, me, or anyone else have never even heard of, much less know anything about:
commodity future swaptions, FRA/OIS swaps, CLOs, exotic future options, p-notes, index/commodity/equity exposures, and a huge array of OTC (over-the-counter) instruments that no regular investor would ever have access to.

Why I bring this up: the financial markets are rigged. 99% of the investing public has access to services such as basic brokerages, 401k/IRA's, mutual funds, pension plans, etc. Some of these services, especially pension funds, will invest into hedge funds, who take an additional 2 and 20 (meaning 2% of assets plus 20% of capital gains).

What this means is that if you go any of the traditional retail routes, you are utterly screwed facing off against the hedge funds.

(To read the whole thing, and I encourage you to do so, please click here.)


And now our "Chart of the Day":

private sector job growth
Click here for a larger version.

The distinction to make here is "private sector" as the public sector has been shedding jobs (like teachers, firemen, and police) by the millions in states run by Republican legislatures. It's all part of the GOP's plan to ruin Mr. Obama's chances at another term by ruining the country economically.



Republican Job Creation Update

john boehner"We're going to have a relentless focus on creating jobs." - John Boehner, February 10, 2011.

The following is #117 in a list of Republican job creation activities since they gained control of the House in 2011. None, sad to say, have yet to result in one, single new job.

(117) 12-5-2011: The GOP's idea to pay for the payroll tax cut is to cut food stamps and unemployment benefits by pitching it as a way to punish people making over a million dollars. I kid you not.

NOTE: As a result of an unexpected wave of enthusiasm the Republican Job Creation update now has its own web site. It will remain on the RP but a web site of its own will raise its visibility on the 'net as we progress towards the critical 2012 elections. And I thank you for your support.


Dump Fox News

Fox News Lies!And what manner of lie is Fox News spewing today? Fox News insists that the solar enegry industry is on the brink of collapse... except that it isn't.

Click here to help Drop Fox from your cable system.

end rant

(To spare you right-wing nincompoopery all comments are moderated.)
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