Monday, October 31, 2011

@SenatorBurr - in the spirit of the day


Don't bother coming to my house to Trick-or-Treat Senator Burr. Worthless, POS, good-for-nothing Republican Politicians like you aren't welcome at my doorstep.

Three issues worthy of your attention today @SenatorBurr


Three important things are happening in the financial markets today.  Whether you're a financial person,  or not,  these things are worthy of your attention:

1.  $100 Million severance payout for poor performance.  Nabors is a huge oil drilling company.  The CEO of this company is being kicked up to Chairman from CEO.  His duties won't change.  His influence over the company won't change.  Just his title changes.  A provision in his contract indicates that if he loses the CEO role,  he gets $100 Million.   This man has been in charge of this company since 1980s.  This company operates in the Energy Industry,  an industry that has gone through an unbelievable boom in the last couple of decades.  Yet,  this company is so poorly run that its stock has underperformed the S&P500 over the last 10, 20 and 30 year period.  In other words,  this CEO sucks.  A monkey could do a better job running Nabors.  Yet, he gets $100 Million just for having his job title changed.

2.  $12 Million severance for running a company into the ground.  MF Global is largely a commodities brokerage firm.  Its run by Jon Corzine,  the former Chairman of Goldman Sachs, US Senator from NJ,  and Governor of NJ.   Jon joined this company as it's CEO only about a year or two ago.  He promptly steered the company into a number of very big bond trades that went sour.  MF Global is now bust.  It declared bankruptcy this morning,  thanks to Jon's piss poor trades.  Jon's serverance package for a job well done?  $12 Million.

This is Laissez-Faire Capitalism.  This is the FUCKING BULLSHIT supported by our Republican Party.  Our Republican Politicians allow CEOs to limit the nomination to the Board of Directors to a list of their god damn friends.  These friends vote in these outrageous pay packages.   Yet,  shareholders aren't allowed to put forward nominees,  or vote on Corporate Pay.  Time and again,  our Republican Politicians stop any and all efforts to give control back to the shareholders.

I have a message to MY REPUBLICAN PARTY about these issues ...

FUCK YOU REPUBLICAN POLITICIANS.  FUCK YOU.

These issues explain why my Republican Party no longer has my support.  These issues go far in explaining why I recognize politicians like Republican Senator Richard Burr as hypocrites,  losers,  dolts,  morons ... ineffective and worthless.

Free markets need to be FREE.   The nomination process needs to be opened wide.  Any shareholder should be able to put a nominee on the list. Any shareholder. Any nominee. Shareholders should VOTE on Corporate Pay.   And not just a vote for show.   The VOTE needs to be BINDING.  We own the fucking companies.  We need binding votes on who we want to run the damn things,  and how much these people get paid.

And the 3rd key issue today:

3.  Two years after the turmoil from the Bear Sterns and Lehman failures,  and all the economic damage those failures delivered,  we are no closer to being organized in handling failures of large financial institutions.  MF Global is a small potato in the scheme of commodities trading,  yet its failure today is causing unbelievable turmoil on the trading floors.   Some traders are locked off the floors.  Others are unable to complete trades.  There is no explanation.  There is no communication as to what's going on.   No government entity is taking control of the situation and ensuring the smooth operation of our nation's financial markets.

What the fuck do you politicians do in Washington DC?  Can you not learn from mistakes of the past?  Or,  must you spend all your time up there pointing fingers at "the other party" and casting blame on anyone and everyone but yourselves?

Our modern day Republican Party is just plain inept.   My state's Republican Senator,  Richard Burr,  is a dolt.  The slate needs to be wiped clean of these sorry people.  Now.

North Carolina deserves better than Republican Senator Richard Burr.

Friday, October 28, 2011

Can I support Mitt Romney? Donna's parents say "HELL NO"


When I was in high school,  one of my good friends was a girl named Donna.  We had so many common interests that we could talk for hours and not run out of things to talk about.  Donna and I loved sports,  business,  and stocks.  Sometimes we'd arrange to meet each other at the mall,  and just walk around,  talking,  and browsing the stores looking for good potential stock investments in the retail stores.  We had our eye out for hot products,  or hot retail store concepts.

Donna and I never went on an official date.  And while we wanted to go to the prom with each other our senior year,  it didn't happen.  I skipped the prom that year,  driven by the disappointment of not being able to take Donna.  Why didn't I take Donna on a date or to the prom?  Donna was Mormon.  Her parents wouldn't allow Donna to date a non-Mormon.  I couldn't call Donna at home.  I couldn't go to her home to knock on the door.  Her parents would not allow a non-Mormon boy to be within 1 yard of her while she wasn't in school.  When we met outside of school,  it was in secret,  with a constant eye out to avoid being seen by anyone who may report back to her parents.

Although I've had little contact with Mormons since knowing Donna in high school,  it's been my impression that the Mormon religion is highly tight knit,  to the point of being exclusionary.  It's not unusual for the parents of Mormons to strongly encourage their children to marry within the Mormon religion.  They'll even go to the extent of match making.  Donna's parents picked out her future husband,  met with his parents,  and arranged the marriage.   She got married right after high school and both she and her husband were shipped off by their families to attend that great Mormon University in Utah,  BYU.  I lost touch with her and don't have a clue how life work out for her.  But I've often thought about Donna.

There have been many times I wonder what my life would have been like had I been able to marry a girl with whom I had so much in common.  It didn't happen,  because I was not Mormon.  It didn't happen, because I was discriminated against by the Mormon religion.  If you're not Mormon,  you just don't belong near or around Mormons.  That's what these Mormons clearly communicated to me.

Mitt Romney is a Mormon.  That makes me stop and wonder ... how can a Mormon be the President of the "United" States of America?  Is it right to have a President who grew up within a religion that is so exclusionary,  closed,  unaccepting of other Americans?  When I think about this issue,  I keep seeing the faces of Donna's parents in my mind.  HELL NO.  You can't be around us.  You're not Mormon.

The memory of Donna's parents clearly cries out to me NOT to cast a vote for Mitt Romney.  I'm not a fellow Mormon.  Well, OK.  Then, Mitt doesn't belong in OUR nation's White House either.

A colossal Republican FAILURE. Thank you @SenatorBurr

In 2001,  a Republican President moved into the White House.  Republicans controlled both houses of Congress.  Republican politicians worked together to pursue a strategy of turning our nation into an "Ownership Society".   So how did this Republican effort work out?   It was a colossal failure.

Morgan Stanley recently released a report about the status of our nation's housing market.  The bottom line?  If you back out all the Americans who currently occupy a home but have stopped paying their mortgage,  then our nation's owner occupied, home ownership rate has hit a historical low.   Fewer Americans own their homes than ever before.  Nice Job Republican Party.  Nice job.

Senator Richard Burr was on the forefront of this disaster.  Our dolt of a Republican Senator supported these "Ownership" society efforts at every step.  Our Republican Senator pounded his chest and declared himself a "Laissez-Faire" Republican.  Richard Burr insisted that the government stand aside,  regulations be ignored,  and enforcement be stifled. 

So,  what went wrong?  Laissez-Faire Republicanism,  supported by the likes of Senator Richard Burr.  Republicans took all the referees off the playing field.  That allowed fraud and greed to control our housing market.  Republicans pushed naive people into home ownership.  Republicans made financing easy.  Then they allowed all this worthless mortgage paper to be pushed into the accounts of banks,  pension funds,  IRA and 529 savings accounts the world over.  A massive bubble formed and popped,  and our world economies blew up.   Today's massive economic turmoil can be traced directly back to 8 years of Republican control of Washington DC, their "Ownership Society" philosophy,  and the errant ways of Laissez-Fair Republicanism.   This economic turmoil lies squarely in the lap of the likes of Republican Senator Richard Burr.

Thank you Senator Burr.  Thank you for all the pain, misery,  joblessness and economic turmoil wrought by your ignorant ways.

North Carolina deserves better than Republican Senator Richard Burr.

Tuesday, October 25, 2011

Michele Bachman ... gets my vote

Michele,  Michele,  Michele.   That woman is certifiably insane.  She's a Class A nut job.  But she best represents the current deplorable state of my worthless Republican party.   So,  Michele gets my vote.

A nut job in the White House?  Why not?  It couldn't be any worse than all the Republican nut jobs running around Capital Hill kissing the asses of the super wealthy,  while kicking middle class America in the teeth and shoving us over a cliff.

America deserves better than my current Republican Party.   North Carolina deserves better than our dolt of a Republican US Senator, Richard Burr.

Thursday, October 13, 2011

Thanks to the Republican Party ....

There is NO economic justice in America.  Follow the link.  Read the Bloomberg news article.  Then explain how you can support the modern day Republican Party that refuses to make our income tax system fair.   Republicans kiss the asses of the super wealthy in our country,  and kick middle class America in the teeth.   And that's why I don't support my party.   And that's why I so deplore my state's ignorant Republican Senator.

North Carolina deserves better than our worthless Republican Senator Richard Burr.