Monthly Archives: September 2012

Stinking Heap of BS: “Home prices rise for sixth month, a sign of recovery”

This is such an outstanding piece of bullshit, that I just had to post it. Who are these people?

open quote U.S. home prices rose for a sixth straight month in July in the latest sign of a sustainable housing market recovery, while a jump in consumer confidence this month offered a harbinger that Americans are ready to loosen their spending.

Six years after its collapse, economists believe the housing market has turned a corner.

Two separate reports on Tuesday showed that home prices rose in July, though the gains were not as strong as the previous month. That follows recent data that home resales and groundbreaking on new properties rose in August, while business sentiment among homebuilders hit a more than six-year high this month.close quote (Read more)

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The last QE3 is aimed explicitly at the housing sector. The government is printing huge amounts of money and throwing it at the housing sector, then these idiots have the temerity to suggest that rising home prices are a sign of recovery!

General Motors Is Headed For Bankruptcy — Again

open quotePresident Obama is proud of his bailout of General Motors. That’s good, because, if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market.

Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.close quote (Read more)

ROMNEY’S ‘NO STATE SOLUTION’

open quoten the surreptitiously recorded video, Mr. Romney can be heard asserting that “the pathway to peace is almost unthinkable to accomplish,” because “the Palestinians have no interest whatsoever in establishing peace” and remain “committed to the destruction and elimination of Israel.” He then cast doubt on the viability of a Palestinian state, given the region’s geography:

Some might say, ‘Well, just let the Palestinians have the West Bank, and have security, and set up a separate nation for the Palestinians. And then come a couple of thorny questions. I don’t have a map here to look at the geography, but the border between Israel and the West Bank is obviously right there, right next to Tel Aviv, which is the financial capital, the industrial capital of Israel, the center of Israel. It’s what? The border would be, maybe seven miles from Tel Aviv to what would be the West Bank. …

The other side of the West Bank, the other side of what would be this new Palestinian state would either be Syria at one point or Jordan. And of course the Iranians would want to do through the West Bank exactly what they did through Lebanon, what they did in Gaza, which is, the Iranians would want to bring missiles and armament into the West Bank and potentially threaten Israel. So Israel of course would have to say, ‘That can’t happen. We’ve got to keep the Iranians from bringing weaponry into the West Bank.’

Well, that means that — who? The Israelis are going to patrol the border between Jordan, Syria, and this new Palestinian nation? Well, the Palestinians would say, “No way! We’re an independent country. You can’t, you know, guard our border with other Arab nations.” And now how about the airport? How about flying into this Palestinian nation? Are we going to allow military aircraft to come in and weaponry to come in? And if not, who’s going to keep it from coming in? Well, the Israelis. Well, the Palestinians are going to say, ‘We’re not an independent nation if Israel is able to come in and tell us what can land in our airport.’

These are problems, and they’re very hard to solve, all right? And I look at the Palestinians not wanting to see peace anyway, for political purposes, committed to the destruction and elimination of Israel, and these thorny issues, and I say, “There’s just no way.”

Rather than search of a solution, Mr. Romney said, “you hope for some degree of stability, but you recognize that this is going to remain an unsolved problem.” Comparing the open-ended crisis to the co-existence of China and Taiwan, Mr. Romney added: “we have a potentially volatile situation, but we sort of live with it and we kick the ball down the field and hope that ultimately, somehow, something will happen and resolve it.”close quote (Read more)

Chinese Protesters Chant “Down With US Imperialists”, Attack Car Of US Ambassador In Beijing

open quoteElsewhere, the US foreign department may have to promptly find an anti-Buddhist hate tape made in the US, because otherwise the attack of the US ambassador Gary Locke’s car in Beijing may have to be explained using good old fashioned simmering hatred and anti-American sentiment without an actual inflamatory event.close quote (Read more)

US waterboarded Libyan Islamists (before we helped them)

open quoteThe United States waterboarded Libyan Islamists opposed to Moamer Kadhafi and handed them over to his regime for further torture during the Bush administration, a rights group said Thursday.

A new report by the New York-based Human Rights Watch said a former detainee claimed to have been waterboarded and another described a form of water torture, indicating wider use of the method than is officially claimed.

“Not only did the US deliver Kadhafi his enemies on a silver platter, but it seems the CIA tortured many of them first,” said Laura Pitter, the author of the report.close quote (Read more)

Former CIA torture detainee led attack on Libyan Embassy

open quoteA Salafi Jihadist tied to Al Qaeda has been named as playing a key role in the attacks on the Benghazi compound that claimed the life of Ambassador Chris Stevens.

Despite claiming for over a week that the attack on the Benghazi compound in Libya was a spontaneous escalation of violence new details have emerged countering the Obama administration’s official narrative.

Former CIA torture detainee Sufyan Ben Qumu has been named as being involved in the attack and even may have led the attack, according to top Fox News intelligence sources.

Qumu is reported to have been released from the CIA torture site in Guantanomo Bay Cuba in 2007 and transferred into Libyan custody after which he was released in 2008 by the now deposed Qaddafi regime in an attempt to reconcile with the Islamic Jihadists conducting terror attacks.close quote (Read more)

US media angrily marvels at the lack of Muslim gratitude

open quoteOne prominent strain shaping American reaction to the protests in the Muslim world is bafflement, and even anger, that those Muslims are not more grateful to the US. After all, goes this thinking, the US bestowed them with the gifts of freedom and democracy – the very rights they are now exercising – so how could they possibly be anything other than thankful? Under this worldview, it is especially confounding that the US, their savior and freedom-provider, would be the target of their rage.

On Wednesday, USA Today published an article with the headline “After attacks in Egypt and Libya, USA Today asks: Why?” The paper appeared to tell its readers that it was the US that freed the Egyptian people from tyranny:

“Attacks in Libya that left four US diplomats dead – including Ambassador Christopher Stevens – and a mob invasion of the US Embassy in Cairo, in which the US flag was torn to shreds, have left many to wonder: How can people the USA helped free from murderous dictators treat it in such a way?”

Did you know that the “USA helped free” Egyptians from their murderous dictator? On Thursday night, NBC News published a nine-minute report on Brian Williams’ “Rock Center” program featuring its foreign correspondent, Richard Engel, reporting on the demonstrations in Cairo, which sounded exactly the same theme. Standing in front of protesting Egyptians in Tahrir Square, Engel informed viewers that this was all so very baffling because it was taking place “in Cairo, where the US turned its back on its old friend Hosni Mubarak”, and then added:

“It is somewhat ironic with American diplomats inside the embassy who helped to give these demonstrators, these protesters, a voice, and allowed them to actually carry out these anti-American clashes that we’re seeing right now.”

That it was the US who freed Egyptians and “allowed them” the right to protest would undoubtedly come as a great surprise to many Egyptians. That is the case even beyond the decades of arming, funding and general support from the US for their hated dictator (to his credit, Engel including a snippet of an interview with Tariq Ramadan pointing out that the US long supported the region’s dictators).

Beyond the long-term US support for Mubarak, Egyptians would likely find it difficult to reconcile Engel’s claim that the US freed them with the “made in USA” logos on the tear gas cannisters used against them by Mubarak’s security forces; or with Hillary Clinton’s touching 2009 declaration that “I really consider President and Mrs Mubarak to be friends of my family”; or with Obama’s support for Mubarak up until the very last minute when his downfall became inevitable; or with the fact that the Obama administration plan was to engineer the ascension of the loathed, US-loyal torturer Omar Suleiman as Mubarak’s replacement in the name of “stability”.

Given the history of the US in Egypt, both long-term and very recent, it takes an extraordinary degree of self-delusion and propaganda to depict Egyptian anger toward the US as “ironic” on the ground that it was the US who freed them and “allowed” them the right to protest. But that is precisely the theme being propagated by most US media outlets.close quote (Read more)

Netanyahu: Iran on brink of nuclear bomb in six-seven months

open quoteWASHINGTON/JERUSALEM (Reuters) – Israeli Prime Minister Benjamin Netanyahu warned on Sunday that Iran was just six to seven months away from the brink of being able to build a nuclear bomb, adding urgency to his demand that President Barack Obama set a “red line” for Tehran in what could deepen the worst U.S.-Israeli rift in decades.

Taking to the television airwaves to make his case directly to the American public, Netanyahu said that by mid-2013 Iran would be “90 percent of the way” toward enough enriched uranium for a weapon. He again urged the United States to spell out limits that Tehran must not cross if it is to avoid military action – something Obama has refused to do.close quote (Read more)