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Comments Posted By WYHKTai-Tai

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The Deficit of Truth About Obama’s Budget

Fantastic “rant”, PW! This attitude permeates society in every way, at every level and poisons everything it touches, from very small personal interactions to the very big-ticket-items, community, National and International agendas.

It is this underlying attitude we need to fight. Because it is an idea, an attitude, we fight with words, with talking, communicating with each other, with our friends, fams & neighbors, left, right and center, self-proclaimed progressives and self-proclaimed teapartiers alike. Some people refuse to change, to be educated, but some people can see the light, I believe.

Thanks for this. It is so well put, would you mind if I cut and paste it and keep it for future debates?

» Posted By WYHKTai-Tai On February 14, 2011 @ 4:24 pm

I read that too. It was the first time I really seriously considered closing my account. Worse than the National Enquirer. It was JUST LIKE FO NEWS.

I may close it still, jury is still out, for now.

» Posted By WYHKTai-Tai On February 14, 2011 @ 4:11 pm

Corporington Post

LOL! I’m obviously worse than you, out of 1600-ish, I’ve lost 3 or 4 fans!! But I’ve only been on their main page 1/2 the time. I still keep my account there. I like to skip around to other pages.

» Posted By WYHKTai-Tai On February 8, 2011 @ 5:20 pm

“like”

we need a ‘like’ button!

» Posted By WYHKTai-Tai On February 8, 2011 @ 3:18 pm

I’ve been wondering that too, thanks!!

» Posted By WYHKTai-Tai On February 8, 2011 @ 3:17 pm

Mubarak: Half sunk, a shattered visage lies

YES! That was from the Zakaria excerpt, wasn’t it. He seems to be a fan of the old Milton Friedman school of so-called ‘free’ enterprise. I find it interesting that in his writing with an obvious ‘positive’ slant; he thinks the reforms to leave behind stodgy old-socialism to a ‘dynamic!’ new economy of playing fast & loose with the capital & food of the country; even though he puts it in a positive slant, You can see right through it; that THAT is exactly what went wrong with the economy and drove 2 million people to utter despair to hit the streets!

Couldn’t agree with you more, PW.

» Posted By WYHKTai-Tai On February 8, 2011 @ 2:16 pm

AhAAH! Good to see some of my old HP friends here!

One of the things that has been bugging me about this whole thing was what started it? What would mobilize 2 million-plus people to get out in the streets, leave their lives and their jobs and families to put their lives on the line for this change?
Vague rumblings of food prices rising, the Aswan High Dam and destroyed fishing/farming have been around. & From various HP posters, (my erstwhile newsjunkie home) and other sites, I’ve found that at the base of it all our old fiends, (typo, but it stays) Goldman Sachs:

Goldman Sachs, (again!) & rising food price-game in Egypt, Africa & the ME
http://www.globalresearch.ca/index.php?context=va&aid=23079

“As Kaufman explained this financial innovation in a July 16 interview on Democracy Now:

Goldman . . . came up with this idea of the commodity index fund, which really was a way for them to accumulate huge piles of cash for themselves. . . . Instead of a buy-and-sell order, like everybody does in these markets, they just started buying. It’s called “going long.” They started going long on wheat futures. . . . And every time one of these contracts came due, they would do something called “rolling it over” into the next contract. . . . And they kept on buying and buying and buying and buying and accumulating this historically unprecedented pile of long-only wheat futures. And this accumulation created a very odd phenomenon in the market. It’s called a “demand shock.” Usually prices go up because supply is low . . . . In this case, Goldman and the other banks had introduced this completely unnatural and artificial demand to buy wheat, and that then set the price up. . . . [H]ard red wheat generally trades between $3 and $6 per sixty-pound bushel. It went up to $12, then $15, then $18. Then it broke $20. And on February 25th, 2008, hard red spring futures settled at $25 per bushel. . . . [T]he irony here is that in 2008, it was the greatest wheat-producing year in world history.

Gamal Mubarek leads neo-lib econ policy

http://findarticles.com/p/articles/mi_qa5327/is_304/ai_n29142224/

Farred Zakaria, Time Mag, excerpt:
Reform and Revolution
Egypt has had some successes, and ironically, one of them has helped foment change. Over the past decade, Egypt has been reforming its economy. From the mid-1990s on, Egypt found that in order to get loans from the IMF and the World Bank, it had to dismantle the most inefficient parts of its somewhat socialist economic system. In recent years, Mubarak — persuaded by his son Gamal, a Western-trained banker — appointed a set of energetic reformers to his Cabinet, who embarked on an ambitious effort to restructure the Egyptian economy, lowering taxes and tariffs, eliminating regulations and reducing subsidies. Egypt, long moribund, began growing vigorously. From 2006 to 2008, the economy expanded about 7% a year, and even last year, after the economic crisis, growth came in at almost 6%. Long isolated behind protectionist walls, with media in the regime’s grip, Egypt also became more connected with the world through the new communication technologies. (Comment on this story.)

Read more: http://www.time.com/time/world/article/0,8599,2045888-2,00.html#ixzz1DKwBD1iq

So Sulaiman will probably be the next puppet, maybe they’ll actually get a decent democratic leader, (we can hope and pray), but while this is all going down the Econ-Hitmen are already at work. When the dust settles, I fear the cupboards will be empty and there will be nothing left.

» Posted By WYHKTai-Tai On February 8, 2011 @ 12:54 am