Posts Tagged ‘ponzi

01
Nov
11

rise and shine

Nick Anderson

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11:0 The President is interviewed by local TV anchors from around the country

12:20 The President greets the crew of the space shuttle Atlantis

12:30 Jay Carney briefs the press

1:45 The President signs a proclamation to designate Fort Monroe a national monument

2:25 Michelle Obama delivers remarks at a DNC luncheon in New Orleans

3:15 Michelle Obama visits the Royal Castle Child Development Center in New Orleans

3:15 The President and Vice President meet with House Democratic leadership

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Thanks Donna

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The Week

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ABC: Continuing his executive actions campaign, President Obama will sign a proclamation this afternoon to designate Fort Monroe a national monument.

“Fort Monroe has played a part in some of the darkest and some of the most heroic moments in American history. But today isn’t just about preserving a national landmark – it’s about helping to create jobs and grow the local economy. Steps like these won’t replace the bold action we need from Congress to get our economy moving and strengthen middle-class families, but they will make a difference,” Obama said in a written statement.

According to the White House, the preservation of Fort Monroe will help create nearly 3,000 jobs in Virginia …. Fort Monroe is integral to the history of slavery, the Civil War, and the U.S. military. It was the place where Dutch traders first brought enslaved Africans in 1619 and during the Civil War the fort became a place for escaped slaves to find refuge. In 1861, the fort was the site of Gen. Benjamin Butler’s “Contraband Decision,” which provided a pathway to freedom for thousands of slaves.

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Think Progress: Mitt Romney, his son Tagg, and Romney’s chief fundraiser, Spencer Zwick, have extensive financial and political ties to three men who allegedly participated in an $8.5 billion Ponzi scheme. A few months after the Ponzi scheme collapsed, a firm financed by Mitt Romney and run by his son and chief fundraiser partnered with the three men and created a new “wealth management business” as a subsidiary.

Full post here

Thanks Desertflower

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McClatchyDC – Thanks amk

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Worth seeing again from last night:

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Morning everyone ;-)

15
Sep
11

ponzi perry’s polling problems

Bloomberg: Republicans give Rick Perry frontrunner status … even as warning signs flash over his ability to win support in the general election.

Perry is the preferred choice of 26 percent of Republicans and Republican-leaning independents in a Bloomberg National Poll …. Mitt Romney places second at 22 percent, while all of the other Republican candidates get less than 10 percent. (Jon Huntsman is on one percent).

…. Perry trails President Barack Obama among the poll’s entire sample, 49 percent to 40 percent, about twice the deficit for Romney. He also confronts negative reactions from Americans disinclined to vote for a candidate expressing the skepticism he has about the viability of Social Security, evolution science and whether humans contribute to climate change.

Forty-five percent of Americans say they’d be less inclined to support a candidate who says science isn’t settled on whether human activity contributes to global warming, while 25 percent said it would make them more likely to back that candidate. Half said they would be turned off by a candidate who says evolution remains an unproven theory, with 20 percent saying they’d be more inclined to support someone who holds that view.

….. Palin is viewed negatively by 66 percent of Americans in the poll, while Gingrich is disliked by 55 percent.

Full article here

13
Sep
11

ponzi perry …. ooops

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:shock:

TPM

Thanks aamom

12
Sep
11

ponzi perry….

Greg Sargent: CNN released a poll this morning finding – as have other polls – that Rick Perry has surged past Mitt Romney…. But this finding really does seem significant:

Which Republican candidate do you think has the best chance of beating Barack Obama in the general election next November? Perry 42% Romney 26%….

Really? Nearly half of Republicans think Perry has the best chance of beating Obama?

….. This underscores a gap between the GOP establishment and the Republican rank and file when it comes to assessing Perry’s chances in a general election …. Perry’s “Ponzi scheme” crack, his book’s claim that Social Security may be unconstitutional, its support for repeal of the 16th Amendment, and his implied threat of violence towards Fed chairman Ben Bernanke (which he hasn’t repudiated) have all left GOP establishment figures openly asking whether Perry’s views and personal style will be far too toxic to the mainstream for him to get elected president

….. If those things weren’t enough to persuade Republicans that Perry is less electable than Romney in a general election, it’s hard to imagine what will.

Full post here

12
Sep
11

debunking gop lies

Robert Reich (Secretary of Labor under President Bill Clinton from 1993 to 1997) speaking at the ‘Summit For A Fair Economy’ in Minneapolis, September 10

08
Sep
11

‘the dangerous cowboy’

American Bridge on YouTube

Glenn Kessler (Washington Post): …. “It is a monstrous lie. It is a Ponzi scheme to tell our kids that are 25 or 30 years today you’re paying into a program that’s going to be there.” – Gov. Perry

Perhaps the governor does not know the dictionary definition of a Ponzi scheme. Here’s what Merriam-Webster says: “An investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks.”

This is a frequent mistake politicians make when talking about Social Security. It is not an investment vehicle; it is intended to provide income security as well disability and life insurance. Just more than 60 percent of the 54 million beneficiaries are retired workers; the rest are disabled workers, dependents or survivors.

Social Security is a pay-as-you-go system, which means that payments collected today are immediately used to pay benefits. Until recently, more payments were collected than were needed for benefits. So Social Security loaned the money to the U.S. government, which used it for other things. In exchange, Social Security received interest-bearing Treasury securities. The value of those bonds is now about $2.6 trillion.

In any case, Perry is wrong to label Social Security a Ponzi scheme. Ponzi schemes ultimately go bust and everyone (except possibly early investors) generally loses their money. Social Security faces a long-term funding issue, but one that most experts say is manageable. After all, the Social Security actuary says that Social Security’s shortfall is 0.7 percent of the gross domestic product over the next 75 years.

More here

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Jonathan Chait: …. Perry, stylistically, ruled the roost. The media seems to consider Romney the winner. Pardon the condescension, but they’re not thinking like Republican base voters. Romney approaches every question as if he is in an actual debate …. Perry treats questions as interruptions …. His total liberation from the constraints of reason give Perry a chance to represent the Republican in in a way Romney simply cannot match.

In this way Perry eerily apes the style of George W. Bush….

More here




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