Tag Archives: debt

Government Incompetence: The 12 (Big) Lies of Xmas 2011

1. “The war in Iraq is finally over after nine years.”

Rothkopf notes the U.S. has been militarily engaged in Iraq since the early 1990 and this will likely be just the end of another installment in the long running series of U.S. warmongering policies in the region.

2. “America’s mission in Iraq was a success.”

He expresses astonishment at such a claim while Iraq is divided, undemocratic, corrupt, and the U.S. invasion has cost U.S.$1 trillion, thousands of U.S. lives, hundreds of thousands of Iraqi lives, and its national reputation. U.S. war in Iraq bears greater semblance to a full-scale “fiasco”, he says.

3. “We are winning in Afghanistan.”

Rothkopf describes this one as a hot from the oven “howler” by the U.S. Secretary of Defense Leon Panetta. Washington has strengthened the region’s extremists and the threat of instability in nuclear Pakistan is now actually higher than it was when U.S. went in, he says.

4. Tie: “Pakistan is America’s ally” and “Afghanistan is America’s partner.”

Neither Pakistan nor Afghanistan can by any “credible definition” be called a U.S. ally. This is attested to by the animosity of Islamabad towards Washington and Kabul’s belittling of the U.S. on the world stage, Rothkopf says.

5. “America is unthreatened by China’s growth.”

A “prayer” by U.S. Secretary of State Hillary Clinton, Rothkopf says. “It should be true. But it’s not,” he adds.

6. Tie: “Republicans are the problem” and “Democrats are the problem.”

Rothkopf dubs this one as “the great lie of American politics.” He says the problem with U.S. politics is not the parties, but the money. “The system is so resolutely corrupt that recent scandals have only resulted in more money flowing into the system and past reforms being undone,” he notes.

7. “Cutting the taxes of millionaires helps create U.S. jobs.”

There is not even one single solitary shred of evidence to support this “idiotic” suggestion, Rothkopf notes.

8. “This next summit of European leaders will be decisive …”

Rothkopf says despite the fact that this claim has been made every few weeks for the past months, the “supposedly sophisticated financial markets” of the United States continue to fall for it.

9. “The Obama administration is committed to serious financial services reform.”

The U.S. financial system is still plagued by all the threats that instigated the 2008 recession. “Not an inch of progress,” Rothkopf says.

10. “Only nine percent of Americans approve of Congress.”

“This can’t possibly be true. There can’t possibly be that many,” Rothkopf says in a stinging sarcastic tone.

11. “The operation in Libya will be over in a matter of days or weeks.”

Rothkopf says the operation was wrong to begin with, “and then wrong and then wrong again for months.”

12. “I love Israel.”

Even though everyone in U.S. politics makes such an assertion, nobody really means it, Rothkopf notes. What the politicians really mean, however, is that “I want American Jews to think I love Israel enough to vote for me and give me money,” he says.

“Those are just a few of a bumper year for duplicity, mendacity, and craven misstatements.”-David J. Rothkopf, Foreign Policy

Government & Corporate Incompetence: Fukushima Governor challenges claims of Cold Shut Down

On 16 December 2011 the Japanese government declared the damaged Fukushima Daiichi nuke plant in “Cold Shut Down”.  On 18 December, the governor of Fukushima challenged that claim.

Governor of Fukushima Prefecture, Sato Yuhei, met three national government Cabinet members.  He asked them how they could make such a declaration when no one at the national level talked to anyone living around the nuclear plant, or even made an inspection tour.

The Minister for Nuclear Crisis Compensation, Edano Yukio, said the contamination zones will be redefined, and the national government will considering local governments’ requests.

The three Cabinet members also said that areas with radiation levels of 20 millisieverts per year or higher, will require former residents to continue living elsewhere, and, those people from areas with readings of over 50 millisieverts per year should expect not to be able to return for a long long time.

Government & Corporate Incompetence: 230 tons of radioactive water found under Fukushima Daiichi!

On 18 December 2011, workers at the Fukushima Daiichi nuclear plant in Japan, found 230 tons of highly radioactive water in a tunnel under a building used to store contaminated water.  This comes after the Japanese government declared the damaged nuclear reactors in “cold shut down”.

Tokyo Electric Power Company officials say the water is giving off 3 millisieverts per hour of radiation. Of course, and as usual, TEPCo officials don’t have clue how it got there, and are investigating.

This latest discovery reminds everyone to question TEPCo’s inspection and management capabilities.  Even the Governor of Fukushima Prefecture is challenging the national government’s declaring the plant in cold shut down.

 

What Economic Recovery: EU official says saving Europe is like throwing money down the toilet. $3.9 trillion already spent trying to save Europe!

“I never understand when market participants say authorities haven’t put enough money up…I don’t share the view that only the European Central Bank can solve the crisis.”-Klaus Regling, European Financial Stability Facility

The boss of the EFSF, Klaus Regling, said when you combine what has been spent, what is currently being spent, and what is about to be spent to save troubled European governments, it equals three trillion Euros (U.S.$3.9 trillion)!

This is more evidence that the economies of Europe and the United States are much worse than what we’re being told!

Government Incompetence & United Police States of America: Las Vegas cops shoot Gulf War veteran, who lost his house, in the back of the head, 7 times. Veteran’s wife blames PTSD and the VA. VA is ending needed treament for veterans

“100%. They are 100% responsible for what they did to my husband. They killed my husband.”-Rondha Gibson, blaming the Veterans Administration for her husband’s death because they took him off his PTSD meds and cancelled his benefits

On December 12 Las Vegas police shot and killed a 1991 Persian Gulf War veteran.  They shot him seven times in the back of the head as he sat in his car.

According to newly released police report, cops responded to claims of an attempted burglary.  Apartment residents said two men tried to break into an apartment, failed and then took off in a white Cadillac. As the cops were writing down the info, a white Cadillac pulled into the apartment parking lot.

The cops surrounded the car, the driver apparently panicked a tried to get away but ran into a parked police car.  For 30 minutes the cops yelled at him to get out of the car.  They decided to shoot a bean bag to break a window, and then spray riot control gas into the car.  For some reason another cop grabbed a semi-automatic AR-15 assault rifle.  When the one cop fired the bean bag round, the cop with the AR-15 fired also.  The reason has yet to be revealed.

The cop with the AR-15 fired seven times into the back of the war veteran’s head.  The AR-15 is a semi-automatic version of the automatic military M16.  What that means is that the cop had to pull the trigger seven times to fire seven rounds!

Police officials are investigating why the cop with the AR-15 fired seven rounds off, when that was obviously not part of the plan to get the veteran out of his car.

By the way, the reason why the veteran pulled into the apartment parking lot was because he lived there!  He and his wife moved in after losing their house!  There are plenty of white Cadillacs in Las Vegas, dumb cops!

It turns out the Gulf War veteran, Stanley Gibson, had lost his Veterans benefits, was taken off his PTSD (Post Traumatic Stress Disorder) meds, and then lost his house!  A social worker who works with veterans blames the Veterans Administration for what happened: “They’re just trying to get away with the minimal that they can, and if they dance you around the block enough you’ll go away.”-Marsha Oritt, social worker

Gibson and his wife had fought the gradual reductions in his benefits for years, but the VA won out.  Rhonda Gibson says the VA totally blew them off: “If they had just listened to the man, listened to me and stopped canceling his appointments and make sure he had his medications on time, we would have been ok.”

Social worker Marsha Oritt says the VA has made the Gibson’s life a living hell: “It was just a constant nightmare for them both. Lots of tears. Lots of frustration. Lots of upset.”

What Economic Recovery? One step closer to One World Government, IMF proposes international co-op, hints at Global Great Depression

“It’s not a crisis that will be resolved by one group of countries taking action. It’s going to be hopefully resolved by all countries, all regions, all categories of countries actually taking action.”-Christine Lagarde, IMF Managing Director

The director of the International Monetary Fund made that comment in a U.S. State Department conference on December 15.  Christine Lagarde also used the word “retraction” which is another way of saying economic depression.

Lagarde said she is greatly concerned because recent efforts to ‘save’ Europe have failed, and there is growing economic protectionism, and political isolationism, which will only make the global economy worse.  These are all things that helped cause the Great Depression of the 1920s-1930s.

She is calling for a new global financial co-operative system to prevent the coming Global Great Depression.

 

What Economic Recovery? Russia says it will bailout Europe, through the IMF

“41% of foreign exchange reserves in Russia are euro-denominated, so EU member states and Russia all are interested in the security of it.”Dmitry Medvedev, President of Russia

Turns out that Russia has a big stake in European countries getting back on the economic track.

On December 15, Russia’s current President said his country will work to help bailout struggling European countries, but only through the International Monetary Fund: “…we will keep backing the EU in terms of our quota in IMF membership and we will abide by all the commitments, being the participant of the IMF and ready to invest financial means to back the European economy and the euro zone.”

Medvedev did say that it was still up to European Union members to come up with a doable plan: “Only Europe will be able to help Europe but other countries should provide conditions for Europe to liberate itself from the crisis burden as soon as possible and recover from this downturn as soon as possible.”

More proof the Occupy movement is right: When cost of living is included almost 50% of Americans are poor, yet the top 10% got big pay raises in 2010 and their employers lied about it

According to corporate research firm Global Market Insight (GMI), Corporate America’s CEOs got big raises in 2010, even though many companies did not perform well!

The CEOs of the top 500 companies got as much as a 36.5% increase in pay. The next 3,000 U.S. corporations gave their CEOs a pay raise averaging 27%!  Researchers with GMI said they were surprised, and considered the pay increases way out of line with the poor performance of many of the companies.

This news comes at the same time the U.S. Census Bureau is unofficially calling almost half of the population of the United States poor!

SPM rates were higher than official poverty rates in 2010, overall and for most groups”-Brookings/Census Bureau Meeting on Improved Poverty Measurment, November 7, 2011

The new poverty statistics take into account “nondiscretionary” cost of living expenses such as income taxes, child care, health care, commuting to work, etc.  When cost of living is factored in it raises the official number of poor people in the U.S.

The “official” poverty surveys consider before tax income only!  This means the “official” poverty numbers have been way off for decades.  However, the Census Bureau says the new SPM poverty numbers “Will not replace the official poverty measure” and “Will not be used for resource allocation or program eligibility”!

The new SPM numbers also include some types of welfare benefits a family might be getting, plus child support, and yet even with that data the number of poor people still went higher than the “official” poverty numbers.  This is more evidence of how inaccurate the “official” count is, and how rampant poverty is in the U.S.!

The new data was released on November 7, 2011, yet I don’t recall any mainstream U.S. media reporting it. The data covers the year 2010 only, it’s called Supplemental Poverty Measure: 2010 (SPM).

When using the SPM (aka Improved Poverty Measure) a big jump in the number of poor people were found in the age group of 18 to 64 year olds.  But the biggest jump in poverty was found in the age group of people 65 years or older.

If I read the Census Bureau graphs correctly (and if I understood the Bureaus’ explanations of how they figured it), when you add the “official” poverty numbers to the new SPM numbers you get 146.4 million people who are poor  (49.1 million “officially” poor + 97.3 million SPM poor).  Even if you go by just the new SPM data that’s nearly 100 million poor people in the U.S.

Officially there are 312 million people in the United States.

Back to Corporate America’s big pay raises for their CEOs.

The top earning CEO in 2010 was John Hammergen of McKesson Corporation, getting $145 million, not counting his stock options or retirement benefits!  According to GMI, McKesson has essentially lied about how much they paid Hammergen.  They reported they paid Hammergen only (hmph, ‘only’) $46.1 million.

GMI researchers said McKesson refused to explain the difference.  GMI says Hammergen not only got $145 million in pay, he got $112 million in stock options, a retirement plan worth $13.5 million, and, if he ever got fired his severance package is worth $469 million! For getting fired!!! And the right wing neo-conservative ass holes complain about the average unemployed worker being on unemployment pittance (it certainly is not a “benefit”)!!!

Just like it says in HR 1905, we are slaves!

 

Japan admits high levels of radiation in north eastern Honshu!

Japan’s Environment Ministry has given some clues as to how bad the radiation contamination is in north eastern Honshu.  The area is being devastated by radiation coming from the Fukushima Daiichi nuclear plant.

In a report on how the government of Japan plans to address decontamination issues, they revealed that some areas have soil that’s emitting more than 0.23 microsieverts per hour!

They also stated that ‘sludge’ has been found to be contaminated with 8,000 becquerels per kilogram of cesium!

The Environment Ministry even admitted that areas as far south as Tokyo are highly contaminated and will require decontamination.  Tokyo is about 220 kilometers, or 137 miles from Fukushima Daiichi nuclear plant.

 

Japan says it will take at least 40 years to scrap the Fukushima Daiichi nuclear plant!

The Japanese government released details of their plan to tear down the Fukushima Daiichi nuclear plant.

From 2012 to 2015 they hope to remove the hundreds of spent fuel rods stored in the facility’s spent fuel pools.

Then from 2015 to 2021 they will work to repair and fill up the highly radioactive reactor containment vessels with the melted fuel rods inside.  That plan involves using water to fill the containment vessels on four reactors.

Then by 2022 they hope they can figure out a way to safely remove the melted fuel rods from the containment vessels.  The ultimate goal is to tear down the reactor buildings.