The Big Lie on Unemployment – “Skills Shortage


Robert Oak at Economic Populist has rebutted the notion that hiring is stalled due to a “skills shortage.”  The latest news from the masters of disaster is that there are 5 million jobs in the United States open because of a skills shortage.  Not sow as Oak skill fully demonstrates as he demolishes that claim empirically.
See: Blame Employers for the Jobs Crisis – Economic Populist

There is no skills shortage, there never was a skill shortage. There is a shortage of good employers who do not discriminate, age discriminate, ship jobs to India, China, Brazil and treat their workers like cannon fodder. There also is a shortage of jobs, pure and simple. Put U.S. workers first. Demand these employers quit their inane, harsh, wage repressing, discriminatory labor practices. Put a few of of these traitorous employers in jail and sue ’em. Deal with trade and offshore outsourcing, invest in America and Americans. Then and only then will we might actually get somewhere to putting people back to work.  Robert Oak

Corn, Quantitative Easing and the Coming Storm

By Numerian

Does Ben Bernanke make any connection between the asset bubble in a commodity like corn, and the economic pressures this creates for the middle class or poor people? Given their lofty and isolated position, and the fact that Fed officials talk only to businessmen and millionaires in Congress, one of the things most lacking in Fed policy debates, public or private, is any concern for the average person in the US. It’s as if these are the people of least concern to the Fed, or if they are of concern, it is only as economic factors in econometric models. You get the impression that the Fed has, for a long long time, forgotten about the real, and often immediate personal consequences its policies have for the average person. Numerian
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ForclosureGate and Real Estate Armageddon

Michael Collins

I wrote the story below in response to an outrageous trick Congress just tried to play on the public.   As many of you know, the Senate passed HR 3808 The Interstate Recognition of Notarizations Act of 2010 unanimously on September 27.   The bill was a carefully crafted, stealth “silver bullet” for the big banks to deal with their increasing legal problems with foreclosures.   President Obama exercised a “pocket veto,” which means he let it die after Congress adjourned. (Image)

While my story  focused on the process and contempt shown to citizens by Congress in that process, I became aware of a much broader issue.   We may well  be on the verge of a real estate value meltdown as a result of very bad behavior, illegal in many cases, by the big banks combined with the legitimate push back of mortgage holders.

If banks can’t foreclose and people can do a strategic default and walk away (0r live free in their residence), what will happen to real estate values?

The larger question emerged in reviewing bank bad behavior.

If there are fundamental flaws in many, maybe most mortgage, flaws of a serious legal nature, what if a strategic default movement spreads beyond just those facing foreclosure?  That’s where Armageddon comes in
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Why Does Congress Hate America?

Michael Collins

Oh, it’s just that Collins guy mouthing off again.

Actually, I was far too easy on Congress yesterday in Lawless Nation – Congress.

Here’s why:  HR 3808 The Interstate Recognition of Notarizations Act of 2010

The bill is the response to the events outlined in a story that  Numerian scooped on foreclosure problems.  The banks are in big trouble.  They failed to follow the law and rules in handling mortgages.  Instead of foreclosing on home owners, those upside down and under water can consider strategic defaults on the mishandled notes.  Legal efforts have reached a point where there’s a “tsunami of legal action against mortgage servicers” as Tyler Durden calls it.

A clever Mandarin somewhere figured out that by changing the law on notarizations, after the fact, Congress could stop the tsunami by “making it more difficult for homeowners to challenge foreclosure proceedings against them.”  (See Ellen Brown)

HR 3808 passed both houses of Congress with ease.  How? (See “Major Actions”) On April 27, it passed the House by a voice vote.  On September 27, it passed the Senate unanimously.   It took just minutes for the bill to pass in both chambers.  Things move right along when there’s no debate.

It was more important for Congress to fix things for the bankers than to keep constituents in their homes in the midst of a relentless financial crisis, as a cold winter approaches.  Congress has inherent contempt for the people.   We’re probably not even important enough to hate.
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H.R. 3808 Interstate Recognition of Notarizations Act of 2010

The Library of Congress    THOMAS

Bill Summary & Status
111th Congress (2009 – 2010)
H.R.3808
Major Congressional Actions


H.R. 3808  Title: Interstate Recognition of Notarizations Act of 2010
Sponsor: Rep Aderholt, Robert B. [AL-4] (introduced 10/14/2009)      Cosponsors (3)
Latest Major Action: 9/30/2010 Presented to President (who killed the bill)

MAJOR ACTIONS

10/14/2009 Introduced in House
4/27/2010 Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
9/27/2010 Senate Committee on the Judiciary discharged by Unanimous Consent.
9/27/2010 Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
9/27/2010 Cleared for White House.
9/30/2010 Presented to President. (President Obama refuses to sign the bill  It dies…for now.)

From: govtrack.us  a civic project to track Congress

H.R.3808

One Hundred Eleventh Congress

of the

United States of America

AT THE SECOND SESSION

Begun and held at the City of Washington on Tuesday,

the fifth day of January, two thousand and ten

An Act

To require any Federal or State court to recognize any notarization made by a notary public licensed by a State other than the State where the court is located when such notarization occurs in or affects interstate commerce.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘Interstate Recognition of Notarizations Act of 2010’.

SEC. 2. RECOGNITION OF NOTARIZATIONS IN FEDERAL COURTS.

Each Federal court shall recognize any lawful notarization made by a notary public licensed or commissioned under the laws of a State other than the State where the Federal court is located if–

(1) such notarization occurs in or affects interstate commerce; and

(2)(A) a seal of office, as symbol of the notary public’s authority, is used in the notarization; or

(B) in the case of an electronic record, the seal information is securely attached to, or logically associated with, the electronic record so as to render the record tamper-resistant.

SEC. 3. RECOGNITION OF NOTARIZATIONS IN STATE COURTS.

Each court that operates under the jurisdiction of a State shall recognize any lawful notarization made by a notary public licensed or commissioned under the laws of a State other than the State where the court is located if–

(1) such notarization occurs in or affects interstate commerce; and

(2)(A) a seal of office, as symbol of the notary public’s authority, is used in the notarization; or

(B) in the case of an electronic record, the seal information is securely attached to, or logically associated with, the electronic record so as to render the record tamper-resistant.

SEC. 4. DEFINITIONS.

In this Act:

(1) ELECTRONIC RECORD- The term ‘electronic record’ has the meaning given that term in section 106 of the Electronic Signatures in Global and National Commerce Act (15 U.S.C. 7006).

(2) LOGICALLY ASSOCIATED WITH- Seal information is ‘logically associated with’ an electronic record if the seal information is securely bound to the electronic record in such a manner as to make it impracticable to falsify or alter, without detection, either the record or the seal information.

Speaker of the House of Representatives.

Vice President of the United States and

President of the Senate.

Lawless Nation – Congress

By Michael Collins
Part II of III (Part I)


WASHINGTON – Placed in office through legalized  bribery, supported by public funding for their every need, protected against the laws that we’re expected to obey, Congress represents the epitome of lawlessness; lawmakers who have no regard for the law.  (Image)

Members of Congress are different.  They get to retire at age 62 with lifetime pensions and health benefits.  To qualify, they need just five years of service.   They get free phone, mail, and other communications plus paid domestic and foreign travel.   Supposedly, they’re not allowed to take gifts but the list of exceptions offers plenty of room for luxurious appreciation.

The biggest gift of all – a six to seven figure job with a major corporation or lobbying firm right after retirement – is still fair game for any member.  The revolving door never stops. (more…)

Lawless Nation – the Executive Branch

By Michael Collins
Part I of III

WASHINGTON – Selected to run by the powerful and wealthy, promising the public one thing and delivering another after elected, the President of the United States is the focus of a new political doctrine – the unitary executive.  The office of the president has rapidly become a law unto itself over the past ten years. (Image)

Some time before February 2010, the President of the United States authorized the assassination of a U.S. citizen living overseas.  The citizen was identified by the White House as a terrorist.

Unlike previous government programs to kill individuals overseas, this one wasn’t a covert operation.  The program was openly announced, without qualification.  Dennis Blair, the Director of National Intelligence, discussed the plan in February at a congressional hearing.  A few weeks later, John O. Brennan, the president’s National Security Adviser, announced that the marked man was one of “dozens” of U.S. citizens put on the presidential death list because “they are very concerning to us.”
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The Devil’s in the Details – Foreclosure

By Numerian Posted by Michael Collins

It seems, therefore, that millions of foreclosures that have occurred in the past two years may be invalid. Investors who were part of the $8,000 tax credit program may not have valid mortgages and may not legally have the right to live in their home. Title insurance companies have stopped accepting mortgage titles from GMAC and other financial firms implicated in this situation. Numerian
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Obama and the Senate Democrats Will Eliminate Social Security: Part I

By Jonathyn

Originally posted at The Agonist

Social Security Is Not a Campaign Issue?

This is part I of a multipart series to demonstrate how everyone in Washington—and one-term President Barack Obama in particular—are telegraphing the fact that they will be gearing up for a major campaign to steal money from Senior Citizens by making drastic changes to “fix” the Social Security program.

Why oh Why are the Democrats not making Social Security an Issue? Wonders Rachel Maddow (click here and search for “The Ad Democrats Need to Win” for the segment—will edit as avail). As admirable as she is for being quite possibly the most intelligent person on cable news, the incorrect rhetorical effect she seeks is to demonstrate that Democrats are really bad at politics. She points out that many prominent Republicans have plainly said that they will privatize social security or eliminate it altogether, which for obvious reasons is vastly unpopular with very large majorities of Americans.

If Democrats disagree, surely they will raise their voices.
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