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Walter Lewis 

 
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Top News and Analysis

Steve Goldstein: The American budget deficit jumped to $205 billion in November

                                                 In Loving Memory

                                     

                                          "All Is Fair In Love"
Tuesday, December 11, 2018
Dow loses 53 points following another volatile session that was punctuated by threats of a government shutdown  

CNN Business: The glory days are over for tech stocks -- at least for the near future



                                  A Trip Down Memory Lane
  
             Tuesday, August 25, 2015 -- Not At All An Easy Day

Today's trading on Wall Street was volatile to say the least, as all the averages started the day solidly in positive territory, but the Dow closed at a loss of 205 points, extending the carnage that has swept relentlessly through global equity markets over the course of a week

                                   It is only after the sun sets, 
       that you can say how the trading day went -- not at noontime

John Hilsenrath and Nick Timiraos: The risks have grown with respect to the health of the U.S. expansion  Thank you, gentlemen, for captioning the obvious and putting the situation in its mildest, noncommittal description. That sort of analysis takes real bravery and insight -- lots of both fine qualities. Pure genius

Wall Street opens in rally mode, following this morning's market intervention by the People's Bank of China, and stocks are up approximately 2.0% across the Board in early trading. Plus, the S&P 500 has risen above correction territory, at this point in the day

At around 6:30 AM, New York time, before the opening of the market on Wall Street, the People's Bank of China announced that China has cut its benchmark interest rate to 4.6%, effective in the nmear future, and the Bank also lowered  China's bank reserve requirements, all in an effort to calm the World's financial markets   

I heartily commend the Chinese government for its prudent efforts to help the financial markets, since there are millions of panicked, sleepless people around the planet this morning.  

Thank God -- China has sent, and is capable of sending, its cavalry into this financial crisis. In fact, the economies of most Western nations are practically incapable of doing what China has just done in an effort to stabilize the financial markets.

To me, it is deplorable that many Western commentators will criticize China's moves, claiming that the Chinese should have just allowed free market forces to correct the losses incurred over the last week. Or many commentators will claim that all these difficulties were China's fault in the first place. Or point out that China is just a third world country, claiming that the Chinese people are virtually in slavery. Or some commentators will allege that the rally on Wall Street would have happened without Chinese intervention.

Notably, the China critics -- commentators who are generally right-wingers -- will not point out that the United States could not drop interest rates in order to support the markets since interest rates in America are already at a point near zero, plus the Federal Reserve would be terrified to raise America's reserve requirements. 

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheerleading the proposition that the Federal Reserve should raise interest rates in the U.S. -- so-called "normalization."  

The right-wing's mantra is as follows: "The Fed needs to raise U.S. interest rates in September". This meme was/is a theory that I have decried with fervor for months, since it is a thinly veiled attempt by the right-wingers in the media and on the Federal Reserve to sink the Obama economy before the 2016 election. Unfortunately, there were as many as five adherents to the "raise interest rates " lunacy on the Federal Reserve Board, as recently as ten days ago. 

If there is a silver lining to the difficulties of the last week, it would be the fact that the stock market losses around the globe might shut up the lunatic "normalization -- raise the U.S. interest rates" crowd until well into 2016, or perhaps even 2017. We'll see

  The price of gold fell  slightly -- 0.5% --  yesterday to a level of $1,153.60 --  along with prices of other precious and industrial metals, during the rout in stocks.   So much for the myth of safe haven sanctuary in the precious metals during times of financial crisis

Gold's slide continued today on the Comex -- to $1.136.40 -- due in part to the strength of the dollar after China's intervention moves stabilized stocks around the world



              

                        Artist conception of a 2016 Chinese solar-powered community
       This artist conception looks like a page taken from a science fiction novel 

                        So, let me make sure I've got this right 

While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems with Islamic radicals -- has the financial clout today that is needed in order to intervene in the financial markets and rush in a timely fashion to the rescue of the entire planet, and thereby help not only the Chinese but all the World's people.   Thank you, Beijing

Over the last decade, China has used approximately $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. China was able to develop this technology because of research grants to its private industry from the Beijing government.  That sounds kind of cool. Maybe the United States and Europe should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs.

Many people are unaware of the fact that China has had the world's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes, unless one uses a definition of value that takes into account the striking difference between America and China with the respect to the costs of a basket of goods and services inside the two respective countries. Some economists would therefore argue that China is right now the world's largest economy utilizing a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930s, China was the only major economy in the world that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate.

                          I will always feel an affinity for China


I will always feel an affinity for China. The reason why I feel this affinity is very straightforward: In 1973, only a few months after my graduation from New York University Law School, I was an attorney at the Wall Street law firm named Dewey, Ballantine, Bushby, Palmer and Wood. My supervising partner, an expert in the field of international corporate finance, called me into his office one Friday afternoon during the spring and asked me to shut the door behind myself as I entered. Mr. Phillip Dunlay, a true legend on Wall Street, asked me to perform, as quickly as possible, legal research on the question of whether it was legal for an American company to sell $250 million worth of American wheat to Mainland China -- Communist China.

I was stunned. At that time, as far as anyone knew, no American company had entered into any business transactions with China since the Communist civil war and takeover in 1949. My law firm's client, an American subsidiary of the French global conglomerate, Louis Dreyfus Group, was on the verge of making history as the first American company to trade with China in modern times. 

We realized that this transaction would certainly open immense floodgates for future trade between the two countries. Mr. Dunlay cautioned me, saying that I needed to do the research as quickly as possible -- he told me to burn the midnight oil over the course of the weekend -- plus, I needed to maintain absolute secrecy concerning this proposed transaction, because if this information were to slip out, there would be a huge and potentially market-moving impact upon America's international balance of payments. I assured Mr. Dunlay that he could absolutely rely on me for speed and confidentiality.

Monday morning, I reported the results of my research: There was no American law that prohibited an American company from trading with China. Three weeks later, the transaction was completed and reported as front page news in the Wall Street Journal and the New York Times. I was so proud of myself, as well as the Chinese people. I felt that humanity had taken a giant leap forward, and all people would profit from the new, more friendly relationship between the United States and China.





Sunday, December 9, 2018
 





   

                               "Destiny -- A Legend of Our Time"



Jeffrey Bartash: Although concern is warranted, things are not as bad as it may seem for the American economy


Saturday, December 8, 2018
 
                    

                                           "If I Were A Bell"


Friday, December 7, 2018
Dow plunges 558 points amid nervousness concerning the prospects for an easy resolution of the U.S.-China trade conflict. Plus, the jobs report did not meet expectations

                  

                               "Some Enchanted Evening"

                                               "Stay"







Wednesday, December 5, 2018
Overnight, the London equities exchange was in the red because of Brexit and the tone of America's trade negotiations with China



                               "One Less Bell To Answer"


Tuesday, December 4, 2018
Today, the bear roared at the corner of Broad and Wall Street. Dow plunged 799 points as many market participants finally opened their eyes and saw the forest


                             What is the Japanese yen carry trade?
                                     
Monday, December 3, 2018
 soars 288 points as optimism regarding trade negotiations with China lifted Dow futures far into positive territory and then the open market followed through. Wall Street calls this a "Time Out", and more than a few pundits question whether the original Trump decision to pursue a trade war was a little bonkers. Actually, that decision was very bonkers. Plus, some are paying attention to the fact that there may not actually be a near-at-hand trade agreement

                                     
                             
                                      "The Love We Had"

                                                "Home"


 Friday, November 30, 2018




    President Trump's position regarding foreign affairs can be summarized in three words:

                               "We're America, bitch"



Thursday, November 29, 2018
Dow falls 28 points following the suggestion by the Federal Reserve that a fourth rate hike will occur in December, and the path forward is characterized as "flexible". Plus, attention has focused on the course of American/Chinese trade talks

Wednesday, November 28, 2018
Dow soars 618 points on the prospect of a slowdown in the pace of interest rate increases by the Federal Reserve, for the biggest rally on Wall Street in eight months


           
                   "La Caravana De Vida"

       Tijuana, Mexico -- "We traveled 1,000 miles together for safety"

                                               "Sola"

            Why did I visit the migrant caravan encampment in Tijuana?
    Because sometimes the only way to know the truth is to see it for yourself

















The right-wing media says "This is an invading army. An infestation."




                

                     Johnny Manuel, from Flint, Michigan









                           "Teenage Love Affair"
 
                                  "New York, New York"


Top News and Analysis 
President Trump says the Fed is moving too fast as it raises interest rates in the United States



Does the Democratic Party have an economic policy for America beyond "Raise the minimum wage"?  No, not really. However, the Democrats do have a few catchy slogans that sound good to people who pay little attention to matters involving economic policy


Tuesday, October 9, 2018
Dow slips 56 points under the weight of rising interest rates and oil prices


                                        The U.S. budget process

                                A chart of budgetary information


                                                        Wait a minute.
The Republicans said cutting taxes would increase tax revenues thereby       shrinking the deficit. Have tax revenues increased?  Has the deficit shrank? 


 Sunday, October 7, 2018
                                       "Feel the  Fire"



Saturday, October 6, 2018

                                            You've Got Mail
Sent: Saturday, October 06, 2018 at 2:31 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Re: Kavanaugh confirmed


I’m going to be honest with you, Walter — it’s been a tough day.

Despite serious allegations, a record as a partisan operative and a lack of honesty under oath, a majority of the Senate just voted to place Kavanaugh on the Supreme Court.

I’m not going to pretend this is okay or normal. It’s not. Instead, I’m going to tell you there’s one thing we can do to make sure this never happens again:

ELECT. MORE. DEMOCRATIC. WOMEN.

A month from today, we have the chance to do that in Arizona and Nevada by electing Kyrsten Sinema and Jacky Rosen — who both announced this week they would have voted against Kavanaugh if they were in the Senate.

That’s why I’m asking:

Will you rush a donation of $10 or more to elect Kyrsten Sinema and Jacky Rosen to the U.S. Senate one month from today?

If you’ve saved your payment information with ActBlue Express, your donation to Kyrsten Sinema, Jacky Rosen, and Kamala Harris will go through immediately:


We can't stop fighting. Progress doesn't happen overnight.

It can be painful. It can be slow. But now is the time to roll up our sleeves, knock on doors, and register people to vote. In one month we have the chance to vote and stand up for the country we love.

Let’s get to work.

—Kamala
               *******************************************

Sent: Saturday, October 06, 2018 at 6:16 PM
From: "Donald J. Trump" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: WE SAVED THE SUPREME COURT

Trump Pence Make America Great Again



Walter,

I write to you today on the heels of a tremendous victory for our nation, our people and our beloved Constitution.

You elected Republicans to fight for Americans in the face of injustice.

Today, I’m proud to tell you that our Party stood up against the angry mob and voted to CONFIRM Judge Brett Kavanaugh to the Supreme Court.

And the real hero of this great battle was you.

But although today is a big victory, we can NEVER forget what the Democrats did to this good man and his family.

Because if they did it to Judge Kavanaugh… They could one day do it to YOU.

With ONLY 31 days to go until the election, please make a contribution to DEFEAT every Democrat complicit in this nasty witch hunt.



Democrats want this country to be a place where the witch hunters call you guilty and force you to prove your innocence before the screaming mob.

We CANNOT let them take the reins of power in America.

Please make a contribution to DEFEAT every Democrat complicit in this nasty witch hunt.

Thank you,


President Trump
Donald J. Trump
President of the United States
                    *********************
m
Friday, October 5, 2018

                              You've Got Mail
Sent: Thursday, October 04, 2018 at 10:27 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Re: Kavanaugh’s nomination


Mitch McConnell has filed cloture on Kavanaugh’s nomination to the Supreme Court, which means a vote on his confirmation in the full Senate is imminent and we need to fight back with everything we’ve got.

I want you to know I am doing all I can to stop Kavanaugh from being confirmed this week — and I’m not alone in that fight, Walter.

My colleague Joe Donnelly is in one of the closet re-election campaigns in the country, and he’s facing an obscene amount of attacks from Mitch McConnell’s rich megadonors. Despite that, he announced his opposition to Kavanaugh’s nomination late last week and is standing with us in this fight.

Joe needs to know we’ve got his back because of it:

I am personally asking you to rush a donation of $10 or more to Joe Donnelly’s re-election campaign. Joe’s race is within the margin of error in every poll — meaning your support could be the difference:

If you’ve saved your payment information with ActBlue Express, your donation to Joe Donnelly and Kamala Harris will go through immediately:

Republicans have done everything they can to rush the FBI investigation and confirmation of Judge Kavanaugh. That’s not right — and we have to continue to make calls and fight back every way we can.

That means standing with our allies like Joe Donnelly, which is why I’m counting on you to add a contribution today.

Thanks and take care,

— Kamala

                   *****************************************


Sent: Thursday, October 04, 2018 at 3:37 PM
From: "DonaldJTrump.com" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: KAVANAUGH CLEARED

********
Trump Pence Make America Great Again


Walter,

Judge Kavanaugh’s name has been cleared for the SEVENTH TIME.

NO MORE GAMES. NO MORE EXCUSES.

THE SENATE MUST CONFIRM JUDGE KAVANAUGH TO THE U.S. SENATE NOW.

We will send a flow of NON-STOP PETITIONS signed by the American people until the Senate confirms him. Sign YOURS before the final vote.



TELL THE SENATE: CONFIRM JUDGE KAVANAUGH

Please confirm your information below:
 
Walter Lewis
walterlewis@gmx.com

 
ADD YOUR NAME 
 

It’s painful to think of what the Kavanaugh family has been through these past two weeks at the hands of some truly vicious and despicable senators in the Democrat Party.

Will the Democrats apologize to Mrs. Kavanaugh for the irreparable damage they’ve done to her entire family on live TV? Of course not.

Instead, Kirsten Gillibrand, Chuck Schumer, Elizabeth Warren, Tim Kaine, and the other most radical Democrat Senators will soon take the Senate floor to get even nastier.

We MUST stand strong. The presumption of innocence in America is at stake.

Please sign your petition at this historic moment in our country.

Thanks,

Team TRUMP 




 Sunday, September 30, 2018

                     The 2018 series of U.S. -- China trade conflicts



Saturday, September 29. 2018

                               You've Got Mail

Sent: Saturday, September 29, 2018 at 4:38 PM
From: "Barack Obama" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: I need your help, Walter

I need your help in supporting Democrats because our democracy depends on it. Make a donation today if you're ready to elect Democrats up and down the ballot.

DemocratsJoin us.
Walter --

I'm writing to you today to deliver a simple message: This year's elections are more important than any I can remember in my lifetime, and I need you to fight alongside me.

We are in an extraordinary position to take back the House, Senate, and seats across the country, and I'm counting on you to step up.

Will you contribute $25 to elect Democratic candidates all across the country?

If you've saved your payment information with ActBlue Express, your donation will go through immediately.

This is a pivotal moment when we as a country need to determine who we are and what we stand for.

In 38 days, we have a chance to flip Congress, governorships, statehouses, and seats across our country -- we just have to put in the work together.

Walter, I'm counting on you today. Make a $25 donation right now to stand with Democrats nationwide.

Thank you for showing where you stand at this moment.

Barack

             ****************************************

Sent: Saturday, September 29, 2018 at 7:05 AM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: See the difference for yourself, Walter

Walter,

There are A LOT of big-name Democrats trying to buy the midterm elections from you.

Here’s their team.

The democrats' supports

Now here’s the most recent list of supporters on OUR team.

America's Supporters

To amplify your voice above the millionaires in Hollywood trying to drown you out, your contribution toward our FINAL END OF QUARTER DEADLINE will be TRIPLE MATCHED.


When we unite as Americans, we can and we will WIN.

Now make a contribution of $42 toward our FINAL FEC DEADLINE, and it will be TRIPLE MATCHED.

Thank you,


President Trump
Donald J. Trump
President of the United States


 Friday, September  28, 2018
Dow closes with a gain of 18 points, and the S&P 500 posts a very strong quarter

                                    You/ve Got Mail
Sent: Friday, September 28, 2018 at 8:35 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: I walked out

I walked out, Walter.

Republicans are rushing Judge Kavanaugh’s confirmation with a sham hearing this morning, less than 24 hours after Dr. Ford had the courage to tell her story in front of the entire country. This is a disgrace.

So, instead of sitting through this farce... I walked out.

Setting a vote on Kavanaugh this soon after Dr. Ford’s testimony and before we’ve even had an independent FBI investigation into the multiple allegations of sexual assault that have been made against him is outrageous.

We haven’t even given the public the chance to make their voices heard after listening to Dr. Ford’s testimony. You deserve better.

Now, it’s up to the full Senate — and that’s why I’m asking:

Walter: I need you with me in this fight. Can you sign my urgent petition opposing Judge Kavanaugh’s shameful nomination to the Supreme Court before it’s too late?

Things are moving fast. I’ll be in touch soon.

Kamala

                   *************************



     Brett Kavanaugh -- An extraordinary party planner

     Here below are two more things that are hard to comprehend
                   
                              "A Whiter Shade of Pale"

                                     "MacArthur Park"

So, you didn't know that the world's financial markets almost collapsed in August, 2015 -- much as Wall Street collapsed in October, 1929?              

                                    Ignorance is bliss

John Hilsenrath and Nick Timiraos: The risks have grown with respect to the health of the U.S. expansion     Thank you, gentlemen, for captioning the obvious and putting the situation in its mildest, noncommittal description. That sort of analysis takes real bravery and insight -- lots of both fine qualities. Pure genius

Wall Street opened in rally mode, following this morning's market intervention by the People's Bank of China, and stocks are up approximately 2.0% across the Board in early trading. Plus, the S&P 500 has risen above correction territory, at this point in the day

At around 6:30 AM, New York time, before the opening of the market on Wall Street, the People's Bank of China announced that China has cut its benchmark interest rate to 4.6%, effective in the near future, and the Bank also lowered China's bank reserve requirements, all in an effort to calm the World's financial markets   

                                      
Thank you, Beijing

I heartily commend the Chinese government for its prudent efforts to help the financial markets, since there are millions of panicked, sleepless people around the planet this morning.  

Thank God -- China has sent, and is capable of sending, its cavalry into this financial crisis. In fact, the economies of all the Western nations are practically incapable of doing what China has just done in an effort to stabilize the World's financial markets.

To me, it is deplorable that many Western commentators will criticize China's moves, claiming that the Chinese should have just allowed free market forces to correct the losses incurred over the last week. Or many commentators will claim that all these difficulties were China's fault in the first place. Or point out that China is just a third world country, claiming that the Chinese people are virtually in slavery. Or some commentators will allege that the rally on Wall Street would have happened without Chinese intervention.

Notably, the China critics -- commentators who are generally right-wingers -- will not point out that the United States could not drop interest rates in order to support the markets since interest rates in America are already at a point near zero, plus the Federal Reserve would be terrified to raise America's reserve requirements in the way that Beijing raised China's banks' reserve requirements. 

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheer leading the proposition that the Federal Reserve should raise interest rates in the U.S. -- so-called "normalization."  

The right-wing's mantra is as follows: "The Fed needs to raise U.S. interest rates in September, 2015". This meme was/is a theory that I have decried with fervor for months, since it is a thinly veiled attempt by the right-wingers in the media and on the Federal Reserve to sink the Obama economy before the 2016 election. Unfortunately, there were as many as five adherents to the "raise interest rates " lunacy on the Federal Reserve Board, as recently as ten days ago. 

If there is a silver lining to the difficulties of the last week, it would be the fact that the stock market losses around the globe might shut up the lunatic "normalization -- 
raise the U.S. interest rates" crowd until well into 2016, or perhaps even 2017. We'll see.

And the reason why this narrative has ceased, at least for the time being, is because, in fact, the threat of "normalization" by the Federal Reserve almost crashed the World's financial markets over the course of the last several business days. Crashed -- like the financial crashes of October, 1929 or August, 1987.
                     

                          So, let me make sure I've got this right 


While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems with Islamic radicals -- has the financial clout today that is needed in order to intervene in the financial markets and rush, in a timely fashion, to the rescue of the entire planet, and thereby help not only the Chinese but all the World's people.  Thank you, Beijing.
 
                  Artist conception of a Chinese solar powered community    
                   

Over the last decade, China has used approximately $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. China was able to develop this technology because of research grants to its private industry from the Beijing government.  That sounds kind of cool. Maybe the United States and Europe should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs.

Many people are unaware of the fact that China has had the World's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes.  However, if one uses a definition of value that takes into account the striking difference between America and China with respect to the cost of a basket of goods and services inside the two respective countries, some economists would argue that China is right now the World's largest economy utilizing such a pricing-parity 
 formula.

Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..
 
Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..
   


I will always feel an affinity for China. The reason why I feel this affinity is very straightforward.  In 1973, only a few months after my graduation from New York University Law School, I was an attorney at the Wall Street law firm named Dewey, Ballantine, Bushby, Palmer and Wood.  My supervising partner, an expert in the field of international corporate finance, called me into his office one Friday afternoon during the late spring and asked me to shut the door behind myself as I entered. Mr. Phillip Dunlay, a true legend on Wall Street, asked me to perform, as quickly as possible, research on the question of whether it was legal for an American company to sell $250 million worth of American wheat to Mainland China -- Communist China.

I was stunned. At that time, as far as anyone knew, no American company had entered into any business transactions with China since the Communist civil war and takeover in 1949. My law firm's client, an American subsidiary of the French global conglomerate, Louis Dreyfus Group, was on the verge of making history as the first American company to trade with China in modern times. 

We realized that this transaction would certainly open immense floodgates for future trade between the two countries. Mr. Dunlay cautioned me, saying that I needed to do the research as quickly as possible -- he told me to burn the midnight oil over the course of the weekend -- plus, I needed to maintain absolute secrecy concerning this proposed transaction, because if this information were to slip out, there would be a huge and potentially market-moving impact upon America's international balance of payments. I assured Mr. Dunlay that he could absolutely rely on me for speed and confidentiality.

Monday morning, I reported the results of my research: There was no American law that prohibited an American company from trading with China. Three weeks later, the transaction was completed and reported as front page news in the Wall Street Journal and the New York Times. I was so proud of myself, as well as the American and Chinese people. I felt that humanity had taken a giant leap forward, and all the World's people would profit from the new, more friendly relationship between the United States and China.

                     **********************************

Sunday, September 16, 2018
                                   A Trip Down Memory Lane                                                                                  October 25, 2012
Wells Fargo Bank has agreed to pay $175 million to settle allegations that it discriminated against minority borrowers in mortgage financings

             

Rush Limbaugh: Regime shakes down banks for $25 billion
 

Take a trip down Memory Lane after reading Rush Limbaugh's description of the U.S.'s mortgage loan debacle. This Wikipedia link is an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.

One thing is made abundantly clear by this Wikipedia link: When Rush Limbaugh asserts that the government was the cause of the financial debacle known as the subprime mortgage crisis, he is intentionally trying to deceive anyone who will listen to him.

Limbaugh's propaganda is based on a contention that he has made hundreds of times on the radio over the last three years. Limbaugh specifically claims that the banks were forced by the Community Reinvestment Act to make loans to unqualified borrowers. The immense problem in Limbaugh's argument is the fact that a large proportion of subprime loans were actually made by loan companies that were not even under the authority of the Community Reinvestment Act. Clearly, the lenders were making subprime loans not because the government was forcing them to lend. The real reason lenders were in the subprime market was because subprime loans were extremely profitable to originate - extremely profitable for the originating mortgage lender and extremely profitable for the loan officer who convinced the borrower to sign the mortgage papers
 




                        Denzel Washington -- Superstar

                                       "Deja Vu"

    "An Einstein-Rosen Bridge and the Wheeler Boundary
                    

Saturday, September 15, 2018                                      

            
.
                                            "You Are My Lady"

 
Friday, September 14, 2018
Dow ekes out a 9 point gain and the S&P 500 turns in a fifth straight day in the plus column


         
Summary of the 2018 United States-- China trade conflict

             

                                   "Never Gonna Give You Up"   

 Saturday, September 1, 2018

            

                                      "Sola"

                                  "Amor De Mi Vida"


Saturday. August 11, 2018



                           How did Turkey get into this mess?
                   Answer: A belief in Muddle Along economics

What is Muddle Along economics?  Ignorance combined with apathy and the power to act like Santa Claus. Reality dictates that the Santa Claus power is always temporary


 Thursday, August 9, 2018
Tuesday, August 7, 2018
Dow adds a gain of 127 points, thanks to positive earnings and optimistic trading in the banking and technology sectors

         

                                              "Sorry"


Monday, August 6, 2018
Dow logs a 40 point gain at the close with the help of positive earnings reports from around the globe

                        Summary of sanctions against Iran


                                       
Tehran

                             *****************
                                     You've Got Mail

Sent: Monday, August 06, 2018 at 2:54 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Let’s talk about the phrase “identity politics”


Here’s the truth, Walter:

We won’t be silent about immigrant rights.

We won’t be silent about equal opportunity or equal justice under the law.

We won’t be silent about a woman’s right to control her own body.

That’s the message I delivered at Netroots Nation this weekend when I talked about how some people use the phrase “identity politics” to divide and distract us from important issues that impact all of us.

You can watch my speech here — and then share it with friends:

Identity politics is a phrase designed to minimize and marginalize important issues — whether we’re talking about race, gender, sexual orientation, or our civil rights. It’s used to try and shut us up. But we can’t let it.

These issues they are trying to diminish and demean are the very things that define our identity as Americans — and when we remember that there’s far more that unites us than divides us, and when we speak with a powerful collective voice, we can make sure our country is better than this.

Watch my speech from this weekend at Netroots Nation about our American Identity — and then take a moment to share it with your friends to remind them what’s at stake in this election.

Thanks and take care,

“Every moment is an organizing opportunity, every person a potential activist, every minute a chance to change the world.”
s Huerta

 Sunday, August 5, 2018

                
             
"Let me explain in words you will enjoy"
                                    What is Democratic Socialism?


Saturday, August 4, 2018

I have been asked: "Can President Trump's policies on the economy, taxation and budget, foreign trade and international relations be described in a few words?"

             
"Sure," I respond.  "There are several common threads:
Namely, Incongruent, delusional, dishonest and punishing."

                                   A trip down Memory Lane                                 
                                     Sunday, October 2, 2016

What happened in 1995 -- how could Trump lose $916 million and still live like a billionaire?  He got a lot of help from the tax laws regarding the treatment of real estate assets

Donald Trump's rally in Pueblo, Colorado: "I'm working for you now. I'm not working for Trump"

CNBC: What exactly is Donald Trump's plan for America's taxes?
                                         
New York Times: Trump tax records received by the Times reveal that Trump may have paid no income taxes for nearly two decades, because Trump's businesses lost a staggering $916 million in 1995

            

Fox News: Governor Christie defends Trump's leaked tax return, saying that there is nothing illegal -- there are "no apologies"


Former New York City mayor Giuliani calls Donald Trump a genius for minimizing his Federal income taxes


                           Hey Rudy Giuliani and Chris Christie:
   There is no one more blind than the person who does not want to see®

Understand this: The true issue here is the fact that Donald Trump's lousy business sense caused him to lose $916 million in one year. That is the real red flag here. Remember this: Despite his wealth, in fact, Donald Trump is a strikingly incompetent businessman.

    

      Do not be misled by TV commentators who claim that taking          Trump's tax deduction was "very complicated" -- "it was genius." 

In actuality, the tax deduction that Trump is suspected of utilizing is called a business net operating loss under Section 172 of the Internal Revenue Code. Any third-year college student majoring in Accounting would fully understand and be able to apply the principles involved in taking this deduction. This is not genius; for any accountant, this is no more difficult than ninth grade algebra.
     
This link is to a cookbook summary of how the business net operating loss deduction is calculated and applied. It's really a very basic tax treatment that is oftentimes utilized by start-up businesses in their formative years, before the business becomes profitable, or during later years when expenses are greater than profits. It is a very straight-forward and logical part of the tax code.

However, in the 1990's, there were two provisions of the Internal Revenue Code that may have sweetened the deal for Trump specifically because he was a real estate developer. 

First, at that time, if Trump's bankers forgave his debts -- as banks sometimes did in the 1990's -- Trump would have been allowed to deduct the full cost of properties bought with debt, even though his actual cash payment might have been only a small fraction of the property's full price. 

Second, in the 1990's, the forgiven debt would not have been considered income to Trump. Or in the alternative, Trump may have engaged in illegal "debt parking', a technique in which a company, that is secretly controlled by Trump, would buy his unpaid debts from the unsuspecting banks for pennies on the dollar, and then that Trump controlled entity would never seek to collect on the debt.

Those two huge advantages are no longer allowable under Federal tax law for the very reason that they led to insane outcomes. The full-price write-off technique, despite the presence of huge amounts of borrowed money, was done away with in 2002 by a bipartisan vote of Congress, following a decision by the Supreme Court that highlighted the insanity of that loophole. The Supreme Court actually concluded that Congress had accidentally created the loophole by a mistake in the language of a statute.

At present, forgiven debt is considered to be income in the hands of the debtor, in most situations outside of bankruptcy.

In 1995, in the entire Nation, there were a total of $49 billion of net operating losses taken by all the country's taxpayers. In other words, that year Donald Trump claimed 2% of the Nation's entire net operating losses. That is not a compliment, nor a sign of genius.  

In fact, it is known that Trump was able to force a debt forgiveness of at least $250 million regarding his ill-conceived purchase of the Plaza Hotel in 1992; he grossly overpaid for the hotel. The forgiven debt was absolutely great for Donald Trump, but terrible for the publicly owned banks that took huge losses because of their relationship with The Donald.


       Trump's bad decision making is characterized by grandiosity

        Is he just some kind of crazy TV clown living large on credit?
   
                                          America: Caveat Emptor 
       There is no one more blind than the person who does not want to see®
  

                         

Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy, or quantitative easing, will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it without being pressured by a determined questioner who is armed with facts and understanding of this phenomena Summary of Ayn Rand's Objectivist opus 

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years 

For example: Company policy - "We are not hiring until Obama is gone"

For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged

For example: David Seigel, CEO of Westgate resorts, terrorizes his employees with an "Atlas Shrugged" rant


For example: The GOP/Lockheed Martin layoff notice threat/hoax


The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 7.7%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz 

CNBC Video: Rick Santelli, an early voice of the Tea Party, rants that what Europe needs to fix its ills are one million copies of "Atlas Shrugged"


The $3.7 trillion question: Why aren't firms spending?



Peter Schiff: The fantasy of a 91% top income tax rate

 
                            ******************************

            
                                            Rape Prevention Kit



                                     "Somewhere In My Lifetime"

                                                      "Imagination"



                                         You've Got Mail

Sent: Friday, August 03, 2018 at 10:55 AM
From: "Joe Biden" <info@americanpossibilities.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: what Barack and I talked about
American Possibilities
Hi Walter—

I had the chance to catch up with an old friend Monday.

Barack and I met for lunch at Dog Tag Bakery in Washington, DC — a great local outfit that helps veterans and their families gain valuable entrepreneurial experience and earn a certificate in business administration. They also make a mean ham sandwich.

I wanted to share a little bit about what Barack and I talked about — because I think it's pertinent for all of us: We had a nice little discussion about what it means to be a vital participant in democracy.

And how it starts with exercising your God-given right to have a say. It starts with voting.

Join Barack and me, and millions of your fellow citizens, and make a commitment to vote this fall.

It's about more than that, too. It's helping your elderly neighbor out with her trash. Reading out loud at a children's hospital. Helping to clean up your local highway in your free time. Or even simply patronizing a local business doing good work for the community — a place like Dog Tag Bakery.

Citizenship is a sacred duty — something we must live up to every day. Evident in how we treat each other, how and whether we stand up for each other — and yes, even in how we disagree with each other. It's about fellowship.

I know it seems like we're hopelessly divided — like we're stuck in a political death match that we just can't get out of.

But we're better than this.

I've always believed that we are strongest when we are One America.

Rich, poor, middle class. Black, white, Hispanic. Gay, straight, transgender. Folks like my family that came to this country a while ago, and the new immigrant coming today. My grandkids — and the Dreamer who sits next to them in the classroom.

That's who we've always been, and who we can become again.

Recommit to that founding principle, and let me know you'll vote this fall.

We'll be in touch along the way with reminders, and share some more of the leaders who are inspiring us all around the country.

But in the meantime, go say hello to your neighbor. I mean it. That's what this is all about.

Thank you.

—Joe

                              *******************
                                 A Trip Down Memory Lane                                                                                  October 25, 2012

Wells Fargo Bank has agreed to pay $175 million to settle allegations that it discriminated against minority borrowers in mortgage financings

             

Rush Limbaugh: Regime shakes down banks for $25 billion
 

Take a trip down Memory Lane after reading Rush Limbaugh's description of the U.S.'s mortgage loan debacle. This Wikipedia link is an excellent summary of the subprime mortgage crisis, and it is very comprehensive (considering the text is only 24 pages long), but without being overly difficult to read, although there is a fair amount of arcane jargon. Unfortunately, the subject matter virtually demands that there be arcane terms and concepts.

One thing is made abundantly clear by this Wikipedia link: When Rush Limbaugh asserts that the government was the cause of the financial debacle known as the subprime mortgage crisis, he is intentionally trying to deceive anyone who will listen to him.

Limbaugh's propaganda is based on a contention that he has made hundreds of times on the radio over the last three years. Limbaugh specifically claims that the banks were forced by the Community Reinvestment Act to make loans to unqualified borrowers. The immense problem in Limbaugh's argument is the fact that a large proportion of subprime loans were actually made by loan companies that were not even under the authority of the Community Reinvestment Act. Clearly, the lenders were making subprime loans not because the government was forcing them to lend. The real reason lenders were in the subprime market was because subprime loans were extremely profitable to originate - extremely profitable for the originating mortgage lender and extremely profitable for the loan officer who convinced the borrower to sign the mortgage papers
 



                                   
                                             "Un Poco De Amor"

                          "I'd Still Say Yes To You Again"

Thursday, August 2, 2018
Dow falls 8 points on the day that Apple reaches $1 trillion in market capitalization, but the damage to U.S. equities could have been much worse, as was reflected earlier in markets in Asia and Europe

The Trump Administration proposes to raise tariffs to 25% on $200 billion of Chinese imports

                              You've Got Mail
Sent: Wednesday, August 01, 2018 at 1:31 PM
From: "Donald J. Trump" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: We need to remind Democrats

Trump Pence Make America Great Again


Walter,

I promised you I would only appoint justices in the mold of the late, great Justice Antonin Scalia.

I am once again fulfilling that promise by appointing a strong constitutionalist, the Honorable Brett M. Kavanaugh, to the Supreme Court.

Judge Kavanaugh will protect our religious liberties, uphold the rule of law, and interpret the Constitution as it was originally understood by our Founders.

Senate liberals know that we have the opportunity to reshape the Supreme Court for an entire GENERATION, and they are ready to obstruct and unleash a smear campaign against our nominee.

Just like during Justice Gorsuch’s confirmation hearings, we need to remind Democrats to stop playing politics and to put America FIRST.

Please sign our official petition telling the Liberal OBSTRUCTIONISTS to confirm Judge Kavanaugh to the Supreme Court.


This is what we’re up against:



Washington Free Beacon, 6/27/18

(Washington Free Beacon, 6/27/18)

Washington Times 6/28/18
(Washington Times, 6/28/18)

We must stand strong against the dirty tactics coming our way. The fate of the Supreme Court -- and our Constitution -- hangs in the balance, and the Democrats will NOT give up easily.

Sign our official petition telling Liberal obstructionists to confirm Judge Kavanaugh to the Supreme Court NOW.

Thank you,


President Trump signature headshot
Donald J. Trump
President of the United States 

                                    ************************************************

Weekly mortgage applications fall to their lowest level in a month as interest rates continue to rise


 
                               "Don't Make Me Over"


Monday, July 30. 2018
The technology sector has led a 144 point drop in the Dow

                                You/ve Got Mail
Sent: Monday, July 30, 2018 at 10:59 AM
From: "Barack Obama" <info@ofa.us>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Join me in this final push, Walter
November 6, 2018, is right around the corner. Join Team '18 and get to work today.
Organizing for Action
Walter --

There are just 99 days between now and November 6, 2018.

That's how long we have until these critical midterm elections -- until Americans go to the ballot box, and decide what kind of country we want to be.

We can choose leaders who don't answer to lobbyists, but to families. We can choose a politics built not on gerrymandering and voter suppression, but on fair representation and stronger voting rights. We can choose an economy that works not just for a shrinking few, but for everybody -- with better wages, more secure health insurance, and Medicaid expansion that covers more Americans.

Walter, that's up to you: How will you spend the next 99 days?

For eight years, we made great strides together.

We expanded health care to 20 million more Americans. We made sure insurance companies could no longer discriminate against women, or people with pre-existing conditions. We made big investments in clean energy, and reined in greed and recklessness on Wall Street.

November 6th is our chance to defend that progress -- and fight for so much more. Join Organizing for '18 and get to work today.

Walter, OFA's Team '18 is full of examples of everyday people who have become active, engaged citizens over the past few months:

Folks like Shelia, a grandmother from Georgia who started as an OFA Fellow in 2017. She just hosted a Team '18 House Party to get her neighbors involved in the fight against gerrymandering -- and she'll keep fighting for policies and candidates that leave a better world for her grandkids.

And Debra, who organized a Team '18 training in her Houston neighborhood -- rallying her friends to keep knocking on doors from now until November. And Andres, a filmmaker in California who is using his skills to tell powerful stories about immigrant families.

They inspire me every day -- and it's not too late to join them.

There is no action too small. Every election, every ballot measure, every conversation between now and November ... it all matters.

Make the next 99 days count as part of Team '18:

I'm in

Thank you,

Barack Obama
44th President of the United States

                  ************************************

Sent: Monday, July 30, 2018 at 9:17 AM
From: "Donald J. Trump" <contact@victory.donaldtrump.com>
To: walterlewis@gmx.com
Subject: fw: Lara and Walter

 
Thank you,

President Trump
Donald J. Trump
President of the United States



Friday, July 27, 2018
Dow falls 76 points despite the Nation's GDP report for the second quarter at 4,1% growth


                   

                                                  "Exodus"

                            "Rolling Down A Mountanside"

                                           "Benediction"


 It's time tp get real in the Mideast

           What does the date May 15, 1948 mean to you -- Nakba?

         What is the concept referred to as the two-state solution?

                        
"Hamas" -- what does that name mean?

                                Hezbollah -- The Party of Allah
  
                   
Has there ever been a country of Palestine?

                          
What is the Palestinian right of return?

    A review of the Islamic Republic of Iran and Sunni Islamic radicals 

During President Obama's address to the United Nations in August, 2011, he referred to countries threatening to wipe Israel off the map. This threat is attributed to Iran, and the assertion has been commonly voiced about Iran in the U.S since 2005. Has a top Iranian official ever threatened to violently wipe Israel off the map? Actually, no top Iranian official has ever threatened to wipe Israel off the map with violence. President Obama's reference in 2011 to the false claim regarding Iran may one day haunt him in the same way that Colin Powell is haunted by his 2003 address to the Security Council in which Secretary Powell falsely asserted that Iraq had weapons of mass destruction. We all remember where that fairy tale led the country.

Israeli Defense Minister Ehud Barak: The time has come to attack Iran. 

An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night. 

Former Secretary of Defense Robert Gates: An attack on Iran by the United States or Israel would be a catastrophe that would haunt the United States for generations.

        
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to violently wipe Israel off the map. 
                                
New York Times: Obama Administration moves to tighten U.S. sanctions on Iran by freezing all assets of the Central Bank of Iran, as well as other assets of Iran in the United States. So, instead of attacking Iran with munitions, the United States is attempting to ruin the country's economy through financial attack. This plan envisions economic collapse, deprivation of the populace, civil unrest that culminates in rebellion and the assassination of the current leaders of Iran. 

In fact, when Iranian officials speak of wiping Israel off the map the theory that they refer to is the Palestinian right of return. The Palestinian right of return is a political position asserting that Israel's Jewish constitution will one day be replaced by a secular or Muslim government following a free and democratic vote in which the Jews will be out-voted by the larger population of Palestinians living in the area.    Many people living in the United States have never even heard of the Palestinian right of return. For example, during the Republican primary season, Herman Cain, a GOP candidate for president, was asked by an interviewer for his thoughts on the Palestinian right of return theory. Mr. Cain looked befuddled, and then Mr. Cain admitted that the had no idea what those words mean.

President Trump has emphasized that Israel is a close friend of the United States, in part, because Israel is a democracy. Question: Is Israel actually a democracy?  In other words, do Israel's Muslim residents have a voice through the ballot box?  The fact is, four million Muslims under Israeli control lack any meaningful right to vote. Israel is a democracy in the same fashion that apartheid South Africa was a democracy -- the White people find it advantageous for the White people to make such a claim, despite the fact that there is no real democracy for nearly half the region's population. 

Are the Jews White? No, not exactly, although because of the Jewish Diaspora, many Jews today are very "White". But in 1948, a lot of Americans could see that the Jews were clearly "more White" than the Arabs. Sadly, America of the 1940's was a very bigoted and racist society that easily reached the conclusion the U.S. should support the establishment of the State of Israel, rather than support the rights of the clearly non-White Arab/Muslim population of Palestine. 


               There is a lot of information to know about the Mideast 
                  in order to understand the depth of these problems

Another line of reasoning argues that Iran is an aggressive culture that is inclined to attack its neighbors. The last time Iran launched a war against a neighbor , namely, Russia, was in 1826. 

                                 Khobar Towers bombing

                                     Hezbollah Al-Hejaz

                              Houthi insurgency in Yemen

The Trump Administration continually pushes the concept that Iran and Saudi Arabia are arch enemies -- that Saudi Arabia should arm to the teeth against its historical enemy across the Arabian/Persian Gulf.

This is ironic: Saudi Arabia could save itself a fortune in armament purchases if the animus between the Saudis and the Iranians was resolved. No one in the Trump Administration or the U.S. news media ever breathes a word about ending the Shia/Sunni rift through negotiation and interaction, like modern people, rather than ancient people ready to fight to the death over -- over what?.


Here's an example of historical enemies that worked out their differences in modern times: England and France have fought 13 wars against one another, the last being the Napoleonic Wars, which ended in 1815. Can you imagine the Trump Administration encouraging France to arm-up against the threat of attack from England, rather than resolve disputes through diplomatic channels like intelligent human beings?

President Trump orchestrates the signing by Saudi Arabia and other Gulf States of $350 billion pacts to "counterbalance" the Iranians 

Rick Santorum: Iran's scary Shi'ite theology warrants a U.S. attack, since they are religious zealots with a penchant for homicide. Speaking of religious zealots: Judaism says Israel belongs to the Jews, so the Jews are back from Europe to seize and hold the land at gunpoint, a lot like thousands of years ago when it was called Canaan, and the God of Abraham told the Jews it was okay to kill every man, woman and child living there in order to seize and hold the land.


If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody. 

                        

The Blowback Chronicles: Do you recognize this name - Mohammad Mosaddegh?  Hint: What were you doing on August 19, 1953? 

In other words, the entire premise of the "Iranian Nuclear Weapons Boogeyman" is abject fiction. Please read this summary of how this propagandistic line of slander was created following a speech given in 2005 by Mahmoud Ahmadinejad at the World Without Zionism Conference in Tehran.  

Washington Post: Did Ahmadinejad really say that Israel "should be wiped off the map"?

Clearly, the expression "wipe Israel off the map" is intended by the Iranians to describe the collapse of the Jewish State of Israel through the democratic process, probably through the immigration into Israel of a non-Jewish majority, and definitely not by means of some Iranian nuclear weapon of mass destruction where the country would be obliterated and its people would be butchered.


But what about that chant of "Death to America"?   Is the real translation actually "Down with America"? Maybe, but the fact is the Iranians have been chanting that for years and they haven't tried to kill us yet. They used to chant "Death to the Soviet Union"
 

It is illustrative that the Ayatollah Ruhollah Khomeini has on repeated occasions referred to the fact that the Soviet Union was wiped off the map in 1991 and replaced with a new government in the form of the Russian Federation.
 

                                       The shape of the Middle East is in play  
    
              
So, are you a fan of the Treaties of Sevres and Lausanne?

The Treaty of Sevres established many of the borders in the Middle East.  Are you a supporter of the Treaty of Sevres? You strongly feel that the border between Iraq and Syria should forever be cast in stone?  Really?  Then chances are you don't know the history of how those Middle East borders were drawn.
          
The goal of ISIS, which is the unification of the Muslim world, incites memories of the United Arab Republic under Gamal Abdel Nasser and the West's dire reaction to that effort by Muslims to rewrite the borders of countries in the Middle East.

Two things to make note of here, with respect to the philosophy of Gamel Nasser in the 1950s and ISIS today. 

First, despite what is constantly repeated in the American and European media -- 
such as the National Review Online, a caliphate is being attempted by ISIS that would cover the Muslim world, not the entire world. Any self-respecting, Western ISIS fighter should fully realize there is no way Islam is changing Super Bowl weekend, Hollywood, porno, spring break, rap music, nightclubs, NASCAR or just about anything else regarding North and South America, most of Asia and Europe.  

ISIS should take a lesson from some winners -- the Vietcong. The Vietcong fought a brilliant campaign against the United States in Asia, but the Vietnamese never once attempted a terror attack in North America. The Vietnamese knew there was no way to win a conflict with America by attacking the United States within its borders. Look where that 9/11 strategy landed the late organization that went by the name of Al-Qaeda. It was easily beaten into near-extinction by the strongest military the world has ever known, and then eclipsed by its junior varsity copycat, ISIS.

Second, the West firmly believes that only Westerners are allowed to draw international borders, not Muslims. Take for example -- Israel and the Republic of South Sudan, or the 1954 Geneva Agreements on Vietnam -- borders redrawn, no problem. Or take the 1920 Treaty of Sevres, which, among other things, established Iraq, Syria, Palestine and Lebanon -- Westerners created these countries, no problem; and there was no need to consider the wishes of the indigenous people.

However, Muslims erasing the border between Syria and Iraq -- now that's a huge problem in the eyes of "many"-- it's time to call in naval aircraft carrier battle groups, drone strikes, special forces, all the Gulf State autocracies and coalitions of the willing, wherever they can be found around the newly, and immediately, terrorized world community. At least that's the way it is according to what seems to be the large majority of U.S. media commentators and virtually all U.S. politicians, who insist that the world must fight ISIS and its eventual copycats for the next 100 years, and without such a fight, the world will surely be crushed into a brutal and medieval caliphate. 

I feel in my heart, that many thinking human beings already realize that the whole "ISIS is going to take over the world" 2014 battle cry is nonsense -- nonsense in the same category as the 1960's Domino Theory in Vietnam, or the 2003 search for weapons of mass destruction in Iraq, or the 1492 through 1880s fervor to protect the white settlers in North America from the marauding, homicidal, non-Christian, sub-human, terrorizing and suicidal, local bands of fanatical redskins that threatened the precious lives of the Whites. 

How on earth are a group of men driving dusty SUVs and pick-up trucks and carrying stolen and black market weapons an existential threat to the United States' with its multi-trillion dollar, highly-experienced military defense forces and police departments? 
  
The basic "Islamic take-over/Sharia law caliphate" battle cry of many Westerners is preposterous.  Islamic militants are absolutely incapable of defeating the West militarily.

                       It's time to get real about the actual degree 
                                of threat posed by radical Islam

It appears that a good part of the country seems resigned to the notion that a 100 year war with radical Islam is inevitable, and America should kill or imprison as many members of ISIS and similar groups immediately -- destroy every last one of them.

In fact, the spectrum of thought in a large part of the U.S. media seems to span from destroy them immediately, all the way to destroy them before the week is over, or, in the alternative, we would have destroyed them last year, but for a weak, ineffective, timid and dithering Commander in Chief by the name of President Obama.

 
Is the attempted destruction of ISIS and similar groups the best U.S. policy, or, in the alternative, is the best policy to sit down at a negotiating table and talk to the human beings who have clearly indicated a different view regarding the future course of the planet?





Wednesday, July 25, 2018

                              

Dow gains 172 pointsfollowing the prospect of trade concessions


                     You didn't know that the world's financial markets almost collapsed in August, 2015 -- much as Wall Street collapsed in October, 1929?  I gnorance is bliss

John Hilsenrath and Nick Timiraos: The risks have grown with respect to the health of the U.S. expansion     Thank you, gentlemen, for captioning the obvious and putting the situation in its mildest, noncommittal description. That sort of analysis takes real bravery and insight -- lots of both fine qualities. Pure genius

Wall Street opened in rally mode, following this morning's market intervention by the People's Bank of China, and stocks are up approximately 2.0% across the Board in early trading. Plus, the S&P 500 has risen above correction territory, at this point in the day

At around 6:30 AM, New York time, before the opening of the market on Wall Street, the People's Bank of China announced that China has cut its benchmark interest rate to 4.6%, effective in the near future, and the Bank also lowered China's bank reserve requirements, all in an effort to calm the World's financial markets   

                                      
Thank you, Beijing

I heartily commend the Chinese government for its prudent efforts to help the financial markets, since there are millions of panicked, sleepless people around the planet this morning.  

Thank God -- China has sent, and is capable of sending, its cavalry into this financial crisis. In fact, the economies of all the Western nations are practically incapable of doing what China has just done in an effort to stabilize the World's financial markets.

To me, it is deplorable that many Western commentators will criticize China's moves, claiming that the Chinese should have just allowed free market forces to correct the losses incurred over the last week. Or many commentators will claim that all these difficulties were China's fault in the first place. Or point out that China is just a third world country, claiming that the Chinese people are virtually in slavery. Or some commentators will allege that the rally on Wall Street would have happened without Chinese intervention.

Notably, the China critics -- commentators who are generally right-wingers -- will not point out that the United States could not drop interest rates in order to support the markets since interest rates in America are already at a point near zero, plus the Federal Reserve would be terrified to raise America's reserve requirements in the way that Beijing raised China's banks' reserve requirements. 

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheer leading the proposition that the Federal Reserve should raise interest rates in the U.S. -- so-called "normalization."  

The right-wing's mantra is as follows: "The Fed needs to raise U.S. interest rates in September, 2015". This meme was/is a theory that I have decried with fervor for months, since it is a thinly veiled attempt by the right-wingers in the media and on the Federal Reserve to sink the Obama economy before the 2016 election. Unfortunately, there were as many as five adherents to the "raise interest rates " lunacy on the Federal Reserve Board, as recently as ten days ago. 

If there is a silver lining to the difficulties of the last week, it would be the fact that the stock market losses around the globe might shut up the lunatic "normalization -- 
raise the U.S. interest rates" crowd until well into 2016, or perhaps even 2017. We'll see.

And the reason why this narrative has ceased, at least for the time being, is because, in fact, the threat of "normalization" by the Federal Reserve almost crashed the World's financial markets over the course of the last several business days. Crashed -- like the financial crashes of October, 1929 or August, 1987.
                     

                          So, let me make sure I've got this right 


While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems with Islamic radicals -- has the financial clout today that is needed in order to intervene in the financial markets and rush, in a timely fashion, to the rescue of the entire planet, and thereby help not only the Chinese but all the World's people.  Thank you, Beijing.
 
                  Artist conception of a Chinese solar powered community    
                   

Over the last decade, China has used approximately $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. China was able to develop this technology because of research grants to its private industry from the Beijing government.  That sounds kind of cool. Maybe the United States and Europe should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs.

Many people are unaware of the fact that China has had the World's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes.  However, if one uses a definition of value that takes into account the striking difference between America and China with respect to the cost of a basket of goods and services inside the two respective countries, some economists would argue that China is right now the World's largest economy utilizing such a pricing-parity 
 formula.

Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..
 

Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..

   


I will always feel an affinity for China. The reason why I feel this affinity is very straightforward.  In 1973, only a few months after my graduation from New York University Law School, I was an attorney at the Wall Street law firm named Dewey, Ballantine, Bushby, Palmer and Wood.  My supervising partner, an expert in the field of international corporate finance, called me into his office one Friday afternoon during the late spring and asked me to shut the door behind myself as I entered. Mr. Phillip Dunlay, a true legend on Wall Street, asked me to perform, as quickly as possible, research on the question of whether it was legal for an American company to sell $250 million worth of American wheat to Mainland China -- Communist China.

I was stunned. At that time, as far as anyone knew, no American company had entered into any business transactions with China since the Communist civil war and takeover in 1949. My law firm's client, an American subsidiary of the French global conglomerate, Louis Dreyfus Group, was on the verge of making history as the first American company to trade with China in modern times. 

We realized that this transaction would certainly open immense floodgates for future trade between the two countries. Mr. Dunlay cautioned me, saying that I needed to do the research as quickly as possible -- he told me to burn the midnight oil over the course of the weekend -- plus, I needed to maintain absolute secrecy concerning this proposed transaction, because if this information were to slip out, there would be a huge and potentially market-moving impact upon America's international balance of payments. I assured Mr. Dunlay that he could absolutely rely on me for speed and confidentiality.

Monday morning, I reported the results of my research: There was no American law that prohibited an American company from trading with China. Three weeks later, the transaction was completed and reported as front page news in the Wall Street Journal and the New York Times. I was so proud of myself, as well as the American and Chinese people. I felt that humanity had taken a giant leap forward, and all the World's people would profit from the new, more friendly relationship between the United States and China.

                     **********************************




                            
                      "Mom, I want to go to law school -- not preschool"






                                     "Ain't Always Pretty"  





 
                                   A trip down Memory Lane                                 
                                     Sunday, October 2, 2016

What happened in 1995 -- how could Trump lose $916 million and still live like a billionaire?  He got a lot of help from the tax laws regarding the treatment of real estate assets

Donald Trump's rally in Pueblo, Colorado: "I'm working for you now. I'm not working for Trump"

CNBC: What exactly is Donald Trump's plan for America's taxes?
                                         
New York Times: Trump tax records received by the Times reveal that Trump may have paid no income taxes for nearly two decades, because Trump's businesses lost a staggering $916 million in 1995

            

Fox News: Governor Christie defends Trump's leaked tax return, saying that there is nothing illegal -- there are "no apologies"


Former New York City mayor Giuliani calls Donald Trump a genius for minimizing his Federal income taxes


                           Hey Rudy Giuliani and Chris Christie:
   There is no one more blind than the person who does not want to see®

Understand this: The true issue here is the fact that Donald Trump's lousy business sense caused him to lose $916 million in one year. That is the real red flag here. Remember this: Despite his wealth, in fact, Donald Trump is a strikingly incompetent businessman.

    

      Do not be misled by TV commentators who claim that taking          Trump's tax deduction was "very complicated" -- "it was genius." 

In actuality, the tax deduction that Trump is suspected of utilizing is called a business net operating loss under Section 172 of the Internal Revenue Code. Any third-year college student majoring in Accounting would fully understand and be able to apply the principles involved in taking this deduction. This is not genius; for any accountant, this is no more difficult than ninth grade algebra.
     
This link is to a cookbook summary of how the business net operating loss deduction is calculated and applied. It's really a very basic tax treatment that is oftentimes utilized by start-up businesses in their formative years, before the business becomes profitable, or during later years when expenses are greater than profits. It is a very straight-forward and logical part of the tax code.

However, in the 1990's, there were two provisions of the Internal Revenue Code that may have sweetened the deal for Trump specifically because he was a real estate developer. 

First, at that time, if Trump's bankers forgave his debts -- as banks sometimes did in the 1990's -- Trump would have been allowed to deduct the full cost of properties bought with debt, even though his actual cash payment might have been only a small fraction of the property's full price. 

Second, in the 1990's, the forgiven debt would not have been considered income to Trump. Or in the alternative, Trump may have engaged in illegal "debt parking', a technique in which a company, that is secretly controlled by Trump, would buy his unpaid debts from the unsuspecting banks for pennies on the dollar, and then that Trump controlled entity would never seek to collect on the debt.

Those two huge advantages are no longer allowable under Federal tax law for the very reason that they led to insane outcomes. The full-price write-off technique, despite the presence of huge amounts of borrowed money, was done away with in 2002 by a bipartisan vote of Congress, following a decision by the Supreme Court that highlighted the insanity of that loophole. The Supreme Court actually concluded that Congress had accidentally created the loophole by a mistake in the language of a statute.

At present, forgiven debt is considered to be income in the hands of the debtor, in most situations outside of bankruptcy.

In 1995, in the entire Nation, there were a total of $49 billion of net operating losses taken by all the country's taxpayers. In other words, that year Donald Trump claimed 2% of the Nation's entire net operating losses. That is not a compliment, nor a sign of genius.  

In fact, it is known that Trump was able to force a debt forgiveness of at least $250 million regarding his ill-conceived purchase of the Plaza Hotel in 1992; he grossly overpaid for the hotel. The forgiven debt was absolutely great for Donald Trump, but terrible for the publicly owned banks that took huge losses because of their relationship with The Donald.


       Trump's bad decision making is characterized by grandiosity

        Is he just some kind of crazy TV clown living large on credit?
   
                                          America: Caveat Emptor 
       There is no one more blind than the person who does not want to see®

   
                                          Atlantic City, New Jersey

Here is the second issue to understand about Trump's $916 million loss in 1995. Many right-wing commentators, such as Rush Limbaugh and Lawrence Kudlow, are trying to dismiss Trump's loss as just a reflection of bad times in the economy in 1995. Such a claim is nonsense -- 1995 was not a bad year in the American economy. For example,  Wikipedia's account of U.S. economic history shows no reference to a collapse in the real estate market during the 1990's or some other calamity that would tend to exonerate Trump's lack of wisdom and lack of prescience.

Trump's failure in that era was due to his own lack of foresight when he decided to undertake a huge Atlantic City casino project -- the Taj Mahal -- that was financed with 14% junk bonds. Disaster in the form of bankruptcy occurred only a year after the Taj Mahal opened, and Trump pushed half the ownership risk -- and losses -- regarding the venture onto his bondholders.


At that time, he also mismanaged the ill-conceived Trump Shuttle airline, which never turned a profit, when the tycoon tried to push luxury when the marketplace actually wanted speed and economy. 

During that era, Trump purchased the Plaza Hotel in New York City at a price that doomed that project from the outset. When the Plaza project hit the skids, the consortium of banks who financed the project forgave $250 million in debt. The debt forgiveness was a great golden parachute escape for The Donald. However, Trump's employees, vendors, the banks that had provided financing and investors crashed into the ground hard.


   
  
     
"Whoops!!  In 1995, I realized a loss of $916 million. Whoops!!"
 "But, pay that no mind. Rudy Giuliani thinks I'm a financial genius." 

Zacks Financial Newsletter: Donald Trump's record as an investor is actually quite unimpressive -- in fact, his rate of wealth growth in the 1988 - 2015 period was less than half the performance of the S&P 500 during that same period.

Which means the following: Despite Trump's claims of how his great intellect and brilliant deal-making built a beautiful, multi-billion dollar company, in fact, it would have been more profitable if Donald had invested his entire fortune in 1988 in an S&P 500 index mutual fund and then did nothing but relax and play golf for the next 27 years. 

If he had done that, Mr. Trump would be more than twice as rich as he is today.  That is a very interesting fact to bear in mind the next time The Donald offers the size of his wealth as proof of his financial and business acumen.


                   But what about his first billion dollars?  
                        How was his first fortune earned? 
 

                            
Answer:
  He cheated his head off 
                 in the New York City real estate market


In the 1970's and 1980's it was common knowledge in New York financial circles that Donald Trump was making a killing in the New York real estate market using a technique that was abusive and illegal. 

Mr. Trump would buy an apartment building dirt cheap. There were many apartment buildings around New York City, at that time, that had depressed valuations; this was because the tenants in those buildings fell under rent control -- under the law, the rent charged was mandated at low levels for the length of time these rent controlled tenants lived there.

Mr. Trump realized that if he could convince these rent controlled tenants to move out of their apartments, he could raise the rent on new tenants. Or he could convert the rental units to condominiums -- called "cooperatives" in New York City -- and make a huge killing in profits.

Mr. Trump had a money-making idea: Move unsavory tenants into the buildings and thereby depress the quality of life among the rent controlled tenants, with the intention of causing the rent controlled tenants to flee the building. 

Unsavory tenants? Yes: the deranged homeless; drug addicts; gang-bangers -- all recruited by Mr. Trump's people with the intention of forcing the rent controlled tenants out of their apartments. Mr. Trump was very successful at the implementation of this technique, and, after a little more than a decade of this abusive and illegal practice, he had made his first billion.

             *********************************************

   


                 

                                            "You Are, You Are"


 Wednesday, June 13, 2018
CNN Money: AT&T's court ruling is a landmark for media and business


                                  You've Got Mail

Sent: Wednesday, June 13, 2018 at 8:47 AM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: 500 days. Can you believe it?




Walter,

It’s been over 500 days since I took the Oath of Office and promised you we would Make America Great Again!

It’s been my great honor to fight for you. But because our mission has been about you, I want to hear your thoughts and opinions.


Because of your support, Walter, we have….
  • Put ISIS on the run, and sent a message to our adversaries that terrorism and threats against our national security will no longer be tolerated

  • Initiated historic talks with North Korea to denuclearize the Korean peninsula and achieve peace and global stability

  • Enacted sweeping tax reform, putting hard earned money back in the pockets of Americans

  • Brought the unemployment numbers to a record low, tying the lowest rate since 1969 Reduced harmful regulations on American industry that had been crippling the U.S. Economy since the Obama administration

  • Strengthened our borders like never before: criminals are now being stopped at the border, harmful drugs are being seized, and America is getting safer
....and so much more.

No longer is the government working against the American People. Now, with your help, I am putting its power back into your hands.

But what matters most is that YOU approve of the work we’ve done to Make America Great Again!


Thanks,


President Trump Signature Headshot
Donald J. Trump
President of the United States 


                            **********************************

Sent: Wednesday, June 13, 2018 at 12:15 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: $495

Walter --

In just a moment, I’m going to ask you to contribute to support undocumented youth who need help renewing DACA through United We Dream’s DACA Renewal Fund. But first, I hope you’ll let me explain why this fund is so critical right now, and what exactly your contribution would achieve.

DACA was first announced six years ago this week, as a way to protect undocumented youth who came to the United States as children from deportation, and to allow them the opportunities to access education, start their careers, stay with their families, and build a life here.

It is true that the Administration ended this program for new applicants. But current DACA recipients can still apply for renewal thanks to a court ruling -- and it’s critical that all who can renew are able to do so.

Renewing DACA, however, is not only complicated but also expensive. DACA recipients must pay a $495 renewal application fee, and for many undocumented youth, that is just not possible. That’s where we come in:

United We Dream has set up a DACA Renewal Fund and is hosting clinics around the country to help DACA recipients apply for renewal, including covering application fees for those who can’t afford it. But at $495 per fee, this adds up quickly, and they will need a tremendous outpouring of support from folks like you to ensure all those who need help receive it. That’s why I’m asking:

Can you donate to the DACA Renewal Fund now to support this important resource for DACA recipients across the country?

If you've saved your payment information with ActBlue Express, your donation to the DACA Renewal Fund will go through immediately:

Just in California alone, there are over 50 DACA recipients who have requested scholarships to cover their renewal application fees. And across the country, there are hundreds more. It won’t be easy to raise the resources we need to cover these scholarships, but I know that if enough of us are willing to come together now, we can make a difference for these kids.

In this political climate, we are limited in what we can accomplish in Congress to protect undocumented youth. But right now, we have an opportunity to make a real difference in the lives of DACA recipients across the country -- and there is absolutely nothing the Administration or anyone else can do to stop us from helping with DACA renewal fees.

I am personally asking you to add a donation to the DACA Renewal Fund today of $4.95, $495, or whatever is meaningful to you:

If you've saved your payment information with ActBlue Express, your donation to the DACA Renewal Fund will go through immediately:

Thank you for all you do,

-- Kamala

                           ***********************************



New York Times: President Trump and Chairman Kim reach an agreement for a path forward to a new future
                             We're America, Bitch




**********************************************************************
 

        
                                        You've Got Mail

Sent: Monday, June 11, 2018 at 7:12 AM
From: "Tom Perez" <democraticparty@democrats.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Will you start a monthly donation to the DNC?
I hope you will give me a chance to explain why this request matters so much at this moment. I wouldn't ask if it wasn't important.
Democrats
Walter --

In just a minute, I'm going to ask you to make a monthly sustaining contribution to the Democratic Party. Before I do that, I want to tell you why this request matters so much at this moment.

We are smack in the middle of a critical election year. There are great Democratic candidates running in every part of this country -- and they need resources to help them get their message out and win.

Here's the truth, Walter: The investments we make over the summer will determine wins and losses in November -- and we need your help to invest in grassroots organizing in every single state.

That's why I am asking:

Will you make a monthly sustaining donation today to help Democrats organize nationwide and win in November? Any amount you can contribute will make a difference.

Over the past year, Democrats have shown what we can accomplish together -- but the truth is that our work is only just beginning.

We can regain a Democratic majority in Congress and stop the GOP's disastrous agenda in its tracks.

We can elect more Democrats at the state and local level -- including fighting for the 6,000 state legislature seats on the ballot this year.

We can continue building a party infrastructure that is capable of taking on Republicans in all 50 states and beating them at the polls.

All of this is possible -- but the only way we will get it done is if we work together with Democrats like you chipping in what you can afford. So, what do you say, Walter?

Help sustain this fight for the long haul with a monthly contribution today. Your contribution -- of any amount -- will be critical to helping Democrats win this year and beyond.

Thank you for stepping up today.

Tom

Tom Perez
Chair
Democratic National Committee

      

                                     "The longest Note Ever"

                                               "If I Could"


Friday, June 8, 2018
Dow adds 75 points as many on Wall Street adopt Pollyanna as their guiding financial markets philosopher

Ryan Vlastelica: The market's bullish sentiment is at its highest level since February. Is this a good indicator?

Daily Mail: President Trump wants the Russians at the G-7 meeting


                             
You've Got Mail

Sent: Friday, June 08, 2018 at 2:11 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Traumatic

Walter --

A few hours ago I introduced legislation to prohibit the Trump Administration from indiscriminately separating immigrant kids from their parents.

I believe Congress has a moral obligation to stand up and stop the federal government from ripping children from the arms of their parents. We should be in the business of keeping families together, not tearing them apart.

Many of these families are fleeing violence and instability in search of security and safety here in the United States. It’s wrong to traumatize these kids further. Congress must take action right now.

Add your name if you agree:

Sign my petition demanding the Trump Administration stop separating immigrant children from their parents and demand Congress pass our new legislation to solve this moral crisis.

My heart breaks for these kids being separated from their families at the border -- many are just frightened toddlers. Congress has to make ending this immoral policy a priority right now.

Thanks for adding your voice to this fight.

-- Kamala


                             ************************



                                        "This Is How We Do It"

                         
"Steppin' In The Name Of Love"
                                
                                                "24K Magic"
                                             
                                      "Too Close"


                                         "All Is Fair In Love"
                                       
                                "All Is Fair In Love"


                
                                           You've Got Mail


Sent: Tuesday, June 05, 2018 at 12:51 PM
From: "Elizabeth Warren" <info@ofa.us>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: How we'll end gerrymandering:
Every vote should matter. Right now, it doesn't. Let's end gerrymandering and fix that.
Organizing for Action
Walter --

Here's an understatement: Our politics can be polarizing.

But everywhere I've gone in this country, from Massachusetts to Ohio to Oklahoma to California, there's one thing I have never heard someone disagree with:

Every single vote should matter.

Right now, it doesn't.

That's the hard truth, thanks to discriminatory voter ID laws, early voting restrictions, disenfranchisement of felons, and -- here's a big one -- partisan gerrymandering.

Gerrymandering is at the heart of so many of our problems.

It's why people feel like their vote doesn't always count. It's why politicians feel like they don't have to be accountable to their constituents.

And it's why sometimes our elections don't really reflect the will of our voters.

It's time for those days to end. I'm standing up with OFA, former Attorney General Eric Holder's national redistricting team, and other organizations across the country who are demanding fairer districts -- and you should, too.

This work won't be easy or glamorous.

It'll happen in state legislatures and on local ballot initiatives, and in living rooms across the country -- as people like you become local leaders, and talk to friends and neighbors about how important this fight is.

But if we pay attention, if we really dig in, we can fix this. We can change our own districts, and then our states, and then our country.

In many places, we already are. Three weeks ago, Ohio voters overwhelmingly voted to end gerrymandering in their state. Meanwhile, judges in Pennsylvania and North Carolina recently confirmed what we already knew: Partisan rigging of districts is unconstitutional.

We know we can keep up the progress - and we have great leaders like President Obama, Eric Holder, Nancy Pelosi, and Terry McAuliffe taking the lead on this. But we'll need every progressive voice we have to win.

No matter what state you live in, I promise you: There's something you can do to help. Get trained. Talk to a friend. Take up a ballot initiative. Volunteer remotely.

For now, join OFA's team -- and they'll plug you into ways you can get involved at the local and national level leading up to November:

I'm in

Thank you,

Sen. Elizabeth Warren

                                       

                                ***************

 Sunday, June 3, 2018
 
What is the correct response when the Trump Administration chanis that unemployment among African-Americans is at an all-time low?

First:  Anyone crowing that statistic will, of course, ignore the fact that the rate of Black unemployment is presently almost twice as high as the general population/ The rate pf Black unemployment is almost always double that of the general population. No change in that statistic since the time when the numbers were first compiled in the 1970's.


Second: Look at the performance of the Republican business owners during the prior Administration; specifically regarding the intent of their employment practices

                                    A Trip Down Memory Lane           
                                             Friday, December 7, 2012

                       

Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy, or quantitative easing, will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it without being pressured by a determined questioner who is armed with facts and understanding of this phenomena Summary of Ayn Rand's Objectivist opus 

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years 

For example: Company policy - "We are not hiring until Obama is gone"

For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged

For example: David Seigel, CEO of Westgate resorts, terrorizes his employees with an "Atlas Shrugged" rant


For example: The GOP/Lockheed Martin layoff notice threat/hoax


The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 7.7%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz 

CNBC Video: Rick Santelli, an early voice of the Tea Party, rants that what Europe needs to fix its ills are one million copies of "Atlas Shrugged"


The $3.7 trillion question: Why aren't firms spending?



Peter Schiff: The fantasy of a 91% top income tax rate

 
                            ******************************

            

                                            Rape Prevention Kit



  
              
                                 
                          Gold;s life story in one place




                   
    
                                       "Everlasting Love"


riday, June 1, 2018
Dow logs a 219 point gain after a solid jobs report spurs both stocks and U.S. interest rates

                                              You've Got Mail


Sent: Thursday, May 31, 2018 at 6:12 PM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: Amazing



Walter,

We’ve received such unbelievable support during our end-of-month sprint to the finish line.

I’d like to say thank you to a few. Beverly R. from North Carolina gave $10. Steven H. from Missouri gave $5. Janice S. from Texas gave $15.

I wish the fake news would spend more time talking about how much love our movement has instead of attacking and lying about us.


With ONLY 3 HOURS until the FEC-mandated deadline, this is your LAST chance to join patriots like Beverly, Janice, and Steven and make a contribution of your own toward our goal.

\

EMAIL: walterlewis@gmx.com
DEADLINE: 3 HOURS
END OF MONTH DONATION:
PENDING


 


 
Thank you!

President Trump Headshot
Donald J. Trump
President of the United States 

Subject: I wanted you to hear it from me first
In the coming weeks I will have more information to share. But today, I wanted to let you know that it was my intention to run...

Bernie Sanders

Walter -

I have some important news to share, and I wanted you to hear it first and directly from me:

Today, as Vermont's senator, I am announcing my intention to run for re-election to the United States Senate in 2018.

The truth is these are painful, frightening and unprecedented times.

We have seen a right-wing extremist, Republican Congress attempt to throw up to 32 million Americans off of the health care they have, give a trillion dollars in tax breaks to the richest people in our country and the largest corporations, destroy environmental legislation, work aggressively to deny women the right to control their own bodies and end net neutrality.

We have a president who is not only a pathological liar but someone who is trying to win votes by dividing our nation up based on the color of our skin, our country of origin, our religion, our gender or our sexual orientation. Further, and dangerously, he is undermining our democratic institutions as he attempts to move us toward an authoritarian type society.

If re-elected, you can be sure that I will continue to be the fiercest opponent in the Senate to the right-wing extremism of Trump and the Republican leadership.

But being anti-Trump and anti-Republican is not enough. We need to continue our fight for a progressive agenda which will take on oligarchy and improve the lives of working people throughout our country. We need to keep pushing for Medicare for all, a $15/hour living wage, free college tuition at public colleges and universities and the reduction of student debt, rebuilding our crumbling infrastructure, fighting climate change and promoting racial, social and environmental justice.

It is my intention to run a strong grassroots campaign throughout Vermont, and I look forward to your support. In the coming weeks, I will have additional information about when and where we’re going to kick-off this campaign in Vermont and how you can help.

But today, I wanted to let you know that it was my intention to run again for the Senate and to ask if you could help us reach some modest fundraising goals we need to fund this grassroots campaign.

Please make a $10 donation to my re-election campaign today. We have some modest fundraising goals to hit in order to fund this effort, so your donation will go a long way toward ensuring we win in November.

The truth is, whether it is intensifying our fight against Trumpism or increasing our efforts to spread our progressive vision in every corner of the land, no one person can do that alone. We're in this together. The progress that we've been making over the last several years is because people from all communities and of all backgrounds have made their voices heard and are prepared to stand up and fight back.

That is the political revolution — and it continues.

In solidarity,

Bernie Sanders

                     
                           *************************************
              



                                         What's "wrong" with the above picture?



               
                   


Tuesday, April 10, 2018
rDow soars 429 points in response to an easing of trade war tensions


Overnight. Chinese President Xi gave a speech in which he indicated that compromises on trade issues was possible
 

The dollar edged lower in today's trading as the euro rallies. The end of quantitative easing is playing a significant role
 

President Trump states that all options are on the table regarding an American response to gas attack in Syria



                                                  History of Syria  


                                          A Trip Down Memory Lane

                     History of Sunni Islam and Shia Islam relations

      What does the date May 14, 1948 mean to you -- Independence?

           What does the date May 15, 1948 mean to you -- Nakba?

         What is the concept referred to as the two-state solution?

                        
"Hamas" -- what does that name mean?

                                Hezbollah -- The Party of Allah
  
                   
Has there ever been a country of Palestine?

                          
What is the Palestinian right of return?

    A review of the Islamic Republic of Iran and Sunni Islamic radicals 

During President Obama's address to the United Nations in August, 2011, he referred to countries threatening to wipe Israel off the map. This threat is attributed to Iran, and the assertion has been commonly voiced about Iran in the U.S since 2005. Has a top Iranian official ever threatened to violently wipe Israel off the map? Actually, no top Iranian official has ever threatened to wipe Israel off the map with violence. President Obama's reference in 2011 to the false claim regarding Iran may one day haunt him in the same way that Colin Powell is haunted by his 2003 address to the Security Council in which Secretary Powell falsely asserted that Iraq had weapons of mass destruction. We all remember where that fairy tale led the country.

Israeli Defense Minister Ehud Barak: The time has come to attack Iran. 

An attack on Iran will eviserate U.S. peace efforts in the Muslim world and shoot the price of oil through the roof, which will impose an immense burden on the global economy for months . In addition, an attack may not be successful in halting Iran's efforts and will inflame Iranian nationalistic fervor. This is the worst idea since the U.S. invaded Iraq. Unfortunately, a large segment of the Israeli political spectrum thinks short-term and only is concerned about how well the average Israeli sleeps at night. 

Former Secretary of Defense Robert Gates: An attack on Iran by the United States or Israel would be a catastrophe that would haunt the United States for generations.

        
And to top off the attack Iran lunacy, the oft-touted justification for any such aggression is a fabrication centered on the manufactured fallacy that Iranian leaders have threatened to violently wipe Israel off the map. 
                                
New York Times: Obama Administration moves to tighten U.S. sanctions on Iran by freezing all assets of the Central Bank of Iran, as well as other assets of Iran in the United States. So, instead of attacking Iran with munitions, the United States is attempting to ruin the country's economy through financial attack. This plan envisions economic collapse, deprivation of the populace, civil unrest that culminates in rebellion and the assassination of the current leaders of Iran. 

In fact, when Iranian officials speak of wiping Israel off the map the theory that they refer to is the Palestinian right of return. The Palestinian right of return is a political position asserting that Israel's Jewish constitution will one day be replaced by a secular or Muslim government following a free and democratic vote in which the Jews will be out-voted by the larger population of Palestinians living in the area.    Many people living in the United States have never even heard of the Palestinian right of return. For example, during the Republican primary season, Herman Cain, a GOP candidate for president, was asked by an interviewer for his thoughts on the Palestinian right of return theory. Mr. Cain looked befuddled, and then Mr. Cain admitted that the had no idea what those words mean.

President Trump has emphasized that Israel is a close friend of the United States, in part, because Israel is a democracy. Question: Is Israel actually a democracy?  In other words, do Israel's Muslim residents have a voice through the ballot box?  The fact is, four million Muslims under Israeli control lack any meaningful right to vote. Israel is a democracy in the same fashion that apartheid South Africa was a democracy -- the White people find it advantageous for the White people to make such a claim, despite the fact that there is no real democracy for nearly half the region's population. 

Are the Jews White? No, not exactly, although because of the Jewish Diaspora, many Jews today are very "White". But in 1948, a lot of Americans could see that the Jews were clearly "more White" than the Arabs. Sadly, America of the 1940's was a very bigoted and racist society that easily reached the conclusion the U.S. should support the establishment of the State of Israel, rather than support the rights of the clearly non-White Arab/Muslim population of Palestine. 


               There is a lot of information to know about the Mideast 
                  in order to understand the depth of these problems

Another line of reasoning argues that Iran is an aggressive culture that is inclined to attack its neighbors. The last time Iran launched a war against a neighbor , namely, Russia, was in 1826. 

                                 Khobar Towers bombing

                                     Hezbollah Al-Hejaz

                              Houthi insurgency in Yemen

The Trump Administration continually pushes the concept that Iran and Saudi Arabia are arch enemies -- that Saudi Arabia should arm to the teeth against its historical enemy across the Arabian/Persian Gulf.

This is ironic: Saudi Arabia could save itself a fortune in armament purchases if the animus between the Saudis and the Iranians was resolved. No one in the Trump Administration or the U.S. news media ever breathes a word about ending the Shia/Sunni rift through negotiation and interaction, like modern people, rather than ancient people ready to fight to the death over -- over what?.


Here's an example of historical enemies that worked out their differences in modern times: England and France have fought 13 wars against one another, the last being the Napoleonic Wars, which ended in 1815. Can you imagine the Trump Administration encouraging France to arm-up against the threat of attack from England, rather than resolve disputes through diplomatic channels like intelligent human beings?

President Trump orchestrates the signing by Saudi Arabia and other Gulf States of $350 billion pacts to "counterbalance" the Iranians 

Rick Santorum: Iran's scary Shi'ite theology warrants a U.S. attack, since they are religious zealots with a penchant for homicide. Speaking of religious zealots: Judaism says Israel belongs to the Jews, so the Jews are back from Europe to seize and hold the land at gunpoint, a lot like thousands of years ago when it was called Canaan, and the God of Abraham told the Jews it was okay to kill every man, woman and child living there in order to seize and hold the land.


If arch enemies such as a nuclear-armed Pakistan and a nuclear-armed India can live side by side in relative peace when compared to the days when neither country had nuclear weapons, so can Israel and Iran. Stop the madness. Take a lesson from the rest of the world: Nobody attacks anybody; that is the best solution for everybody. 

                        

The Blowback Chronicles: Do you recognize this name - Mohammad Mosaddegh?  Hint: What were you doing on August 19, 1953? 

In other words, the entire premise of the "Iranian Nuclear Weapons Boogeyman" is abject fiction. Please read this summary of how this propagandistic line of slander was created following a speech given in 2005 by Mahmoud Ahmadinejad at the World Without Zionism Conference in Tehran.  

Washington Post: Did Ahmadinejad really say that Israel "should be wiped off the map"?

Clearly, the expression "wipe Israel off the map" is intended by the Iranians to describe the collapse of the Jewish State of Israel through the democratic process, probably through the immigration into Israel of a non-Jewish majority, and definitely not by means of some Iranian nuclear weapon of mass destruction where the country would be obliterated and its people would be butchered.


But what about that chant of "Death to America"?   Is the real translation actually "Down with America"? Maybe, but the fact is the Iranians have been chanting that for years and they haven't tried to kill us yet. They used to chant "Death to the Soviet Union"
 

It is illustrative that the Ayatollah Ruhollah Khomeini has on repeated occasions referred to the fact that the Soviet Union was wiped off the map in 1991 and replaced with a new government in the form of the Russian Federation.
 

                                       The shape of the Middle East is in play  
    
              
So, are you a fan of the Treaties of Sevres and Lausanne?

The Treaty of Sevres established many of the borders in the Middle East.  Are you a supporter of the Treaty of Sevres? You strongly feel that the border between Iraq and Syria should forever be cast in stone?  Really?  Then chances are you don't know the history of how those Middle East borders were drawn.
          
The goal of ISIS, which is the unification of the Muslim world, incites memories of the United Arab Republic under Gamal Abdel Nasser and the West's dire reaction to that effort by Muslims to rewrite the borders of countries in the Middle East.

Two things to make note of here, with respect to the philosophy of Gamel Nasser in the 1950s and ISIS today. 

First, despite what is constantly repeated in the American and European media -- 
such as the National Review Online, a caliphate is being attempted by ISIS that would cover the Muslim world, not the entire world. Any self-respecting, Western ISIS fighter should fully realize there is no way Islam is changing Super Bowl weekend, Hollywood, porno, spring break, rap music, nightclubs, NASCAR or just about anything else regarding North and South America, most of Asia and Europe.  

ISIS should take a lesson from some winners -- the Vietcong. The Vietcong fought a brilliant campaign against the United States in Asia, but the Vietnamese never once attempted a terror attack in North America. The Vietnamese knew there was no way to win a conflict with America by attacking the United States within its borders. Look where that 9/11 strategy landed the late organization that went by the name of Al-Qaeda. It was easily beaten into near-extinction by the strongest military the world has ever known, and then eclipsed by its junior varsity copycat, ISIS.

Second, the West firmly believes that only Westerners are allowed to draw international borders, not Muslims. Take for example -- Israel and the Republic of South Sudan, or the 1954 Geneva Agreements on Vietnam -- borders redrawn, no problem. Or take the 1920 Treaty of Sevres, which, among other things, established Iraq, Syria, Palestine and Lebanon -- Westerners created these countries, no problem; and there was no need to consider the wishes of the indigenous people.

However, Muslims erasing the border between Syria and Iraq -- now that's a huge problem in the eyes of "many"-- it's time to call in naval aircraft carrier battle groups, drone strikes, special forces, all the Gulf State autocracies and coalitions of the willing, wherever they can be found around the newly, and immediately, terrorized world community. At least that's the way it is according to what seems to be the large majority of U.S. media commentators and virtually all U.S. politicians, who insist that the world must fight ISIS and its eventual copycats for the next 100 years, and without such a fight, the world will surely be crushed into a brutal and medieval caliphate. 

I feel in my heart, that many thinking human beings already realize that the whole "ISIS is going to take over the world" 2014 battle cry is nonsense -- nonsense in the same category as the 1960's Domino Theory in Vietnam, or the 2003 search for weapons of mass destruction in Iraq, or the 1492 through 1880s fervor to protect the white settlers in North America from the marauding, homicidal, non-Christian, sub-human, terrorizing and suicidal, local bands of fanatical redskins that threatened the precious lives of the Whites. 

How on earth are a group of men driving dusty SUVs and pick-up trucks and carrying stolen and black market weapons an existential threat to the United States' with its multi-trillion dollar, highly-experienced military defense forces and police departments? 
  
The basic "Islamic take-over/Sharia law caliphate" battle cry of many Westerners is preposterous.  Islamic militants are absolutely incapable of defeating the West militarily.

                       It's time to get real about the actual degree 
                                of threat posed by radical Islam

It appears that a good part of the country seems resigned to the notion that a 100 year war with radical Islam is inevitable, and America should kill or imprison as many members of ISIS and similar groups immediately -- destroy every last one of them.

In fact, the spectrum of thought in a large part of the U.S. media seems to span from destroy them immediately, all the way to destroy them before the week is over, or, in the alternative, we would have destroyed them last year, but for a weak, ineffective, timid and dithering Commander in Chief by the name of President Obama.

 
Is the attempted destruction of ISIS and similar groups the best U.S. policy, or, in the alternative, is the best policy to sit down at a negotiating table and talk to the human beings who have clearly indicated a different view regarding the future course of the planet?

                                                     Sunday, May 21, 2017



Daily Mail: Roger Stone claims that watching President Trump receive a gold medallion from the Saudis makes him "want to puke." According to the comments made by huge numbers of ordinary Americans throughout the news media, that sentiment is common in the United States of America

Two years ago, citizen Trump slammed Michele Obama for not wearing a head scarf in Saudi Arabia. Now, Melania and Ivanka Trump go uncovered, and President Trump, as well as large parts of the right-wing media, have only praise for the two women's style choice. Plus, Mr. Trump has given his trademark thumbs-up gesture, an act that is considered an obscene sexual expression in the Muslim world
    


Daily Mail: Donald Trump today addressed leaders of the Muslim world in a speech delivered in Riyadh. The speech was steeped in religious appeal and rhetoric

                             Video of President Trump's speech

One tenet of President Trump's Mideast policy asserts that Israel is the ancestral home of the Jews. Israel's Prime Minister Netanyahu oftentimes refers to Israel as his ancestral home.  However,  the Prime Minister fails to mention the historical fact of diaspora. There is irony in the fact that Netanyahu is the first Prime Minister of Israel who was actually born in post-1948 Israel --  making for a very self-serving definition of one's "homeland' with respect to almost all of the Israelis older than the youngest generation in the country"

 

                  


                                           
               
                      Why has the value of the dollar fallen like a rock?
                                               You.ve Got Mail

Sent: Monday, April 09, 2018 at 8:59 AM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: Trump begged him to run for U.S. Senate

Kamala Harris

Walter -

In just a few moments, I am going to ask you to make a donation to the re-election campaign of my closest friend in Congress, Senator Bill Nelson.

I hope you’ll give me a moment to explain why this request is so important:

About an hour ago, Florida Governor Rick Scott declared he is running against Senator Nelson in the November election. Scott is a self-funding millionaire and one of President Trump’s closest allies. In fact, Trump practically begged him to run for Senate!

If Senator Nelson loses, which is a real possibility, a powerful voice on the issues we all care about would be gone; replaced with somebody who will essentially rubber-stamp the Trump agenda. Furthermore, there is absolutely no chance Democrats can take the U.S. Senate back without winning this race. Period. End of story.

I am asking you to rush an urgent donation to Senator Bill Nelson’s campaign to ensure he has the resources it’ll take to defeat Rick Scott. Chip in right now:

Scott is going to spend millions to attack Senator Nelson — and Trump and the gun lobby will surely follow his lead.

Sitting on the sidelines is not an option in this race. The stakes are too high. We’re counting on you to step up today.

Thanks for all you do,

Kamala Harris
U.S. Senator, California




      

     
                                            "Ooh Baby Baby"


Saturday, April 7. 2018

                                           You've Got Mail

Sent: Sunday, April 08, 2018 at 8:06 AM
From: "Donald J. Trump" <contact@campaigns.rnchq.com>
To: walterlewis@gmx.com
Subject: Show th media



Walter,

The Associated Press is out with a new headline: “In the tough times, Trump goes it alone.

Wrong! Since the very first day, I have NEVER been alone. I’ve been backed by the toughest men and women the world has ever known -- the AMERICAN PEOPLE.

That’s why I want to be sure you’re still with me. With attacks against our movement every hour, I need YOU to sustain everything we’ve built.

So before Lara Trump sends me the next list of 2018 Sustaining Members, I hope you’ll renew your membership to show the media our movement is still strong 2 years later.



THANK YOU,

President Trump Signature Headshot
Donald J. Trump
President of the United States



 





                              "Another perfect day in Paradise"

                                                "Deja Vu"

                                       
                                         "I Call Your Name"


U.S. jobs growth slowed in March to only 103,000, but the unemployment rate held steady at 4.1%


                             Summary of 2018 trade conflict




                                 "Didn't We Almost Have It All"

    Question: Do you know the name of Osama bin Laden's favorite singer? Answer: Whitney Houston


Thursday, April 5, 2018
Dow posts a solid gain of 2411 points in a boomerang session

                                  A Trip Down Memory Lane

Wednesday, April 30, 2008 
The Fed statement in plain English 
Food price rise could last another two years 
Text of Fed statement
AP analysis of Fed rate cut
ISM Factory index forecast
Bank of Japan lowers forecast 
Analysis of Fed rate cut 
Larry Kudlow says there is no recession 
Chinese banks among the world's largest
Fed cuts rates but leaves uncertainty 
U.S. economy grew at 0.6% pace in 1st quarter 
ADP says U.S. companies boosted payrolls by 10,000 
U.S. stock futures rise after ADP shows unexpected job gain 
CDOs face downgrades as losses prompt Fitch overhaul 
Big investors see recession, Wall Street depression 
Mortgage applications drop to 2008 low 
U.S. could have recession without drop in GDP 
Treasury to auction $21 billion, brings back the one year bill 
Japan holds key interest rate at 0.5% 
British home prices fall for sixth straight month 
You have seven years to learn Mandarin 
Federal Reserve expected to cut key rate today

                       Mandarin -- The world's most-spoken language
                                     Spanish is second and English is third

        "I  know I'm hooked, my friend: To the boy who makes slaves out of men"


                       A true story about drug smuggling in America

                              "Destiny -- A Legend of Our Time"


   There is no one more blind than the person who does not want to see®

                                   
It's time to get real


              

                 *********************************
                                     Talking About Trade Issues

Andrea Riquier: 800,000 factory jobs have been lost to China. However, the related Chinese imports are for the general good of Americans


  

Is free trade the culprit that has caused Americans to lose their jobs?  An interview with former Commerce Secretary Carlos Gutierrez
 

            There are complicated issues surrounding global trade,
                  and these issues are far more complicated than
         the campaign rhetoric of the two candidates would imply 

Paul Brandus: A Trump-style trade war would cost each American household $11,000 over the next five years


   
   
           Summary of the Presidential candidates' trade policies

Trade deals are complicated because of two realities: First, some Americans will lose their jobs because of trade with other countries; that's a bad thing for those families. Second, some goods will have a lower price tag because of trade with other countries; that's a good thing for the families who need, or want, to purchase those goods.

NAFTA and the TPP will render some people unemployed; however, NAFTA and the TPP have resulted in lower prices in the United States for everyone. 

Isn't the simple solution as follows: Retrain the unemployed into jobs that are available within the United States, hopefully without relocation. And what if they don't want to take training for a new job?  Answer:You can lead a horse to water, but you cannot make him drink. Dumb, lazy people will eventually get thirsty, and, perhaps, eventually they will carefully choose a new career, profession or trade -- one that won't evaporate on them. 

That may sound cruel, but it's time to get real. The only sensible solution is one that puts the onus on each individual to keep themselves trained and employed. What's the alternative -- lifelong "unemployment compensation"? What's the alternative -- Donald Trump's plan -- a 45% sales tax on Chinese imports, otherwise known as a tariff? Any tariff imposed by the United States would spawn retaliation by other countries.

     Summary of the North American Free Trade Agreement -- NAFTA
            
                     
Summary of the Trans-Pacific Partnership -- TPP
    
   ******************************************************************



Only in America. Two multi-billion dollar super carriers docked side-by-side
                                        San Diego  November, 2011


            
                 Is America the World's Top military power?

The United States is the strongest military power in the history of civilization. No other nation is even close to our level of dominance. Any suggestion to the contrary is right-wing propaganda that is intended to damage the Obama Administration and stoke up the Republican base before the 2016 elections.
 


Question: Over the past 18 months, as of mid-December, 2015, how many people within ISIS controlled territory have been killed by Western forces -- deaths caused mostly by American airstrikes?

                             Answer: Approximately 23,000 people

President Obama's critics -- including Mr. Trump -- characterize this body count as "doing nothing" or "handling ISIS like they're just criminals."

                       Summary of military interventions against ISIS

Doing nothing?  ISIS's territory is about the same size as Indiana. Imagine, in a country the size of Indiana, there are usually at least 16 huge explosions daily -- from 500 pound bombs that have killed approximately 23,000 people over a 16 month period. Bombs and missiles that oftentimes come out of the clear blue sky, with no warning whatsoever.

The critics of the Obama Administration have the gall to call this level of killing "doing nothing", when in fact this volume of death indicates a strategy of eradication. Sadly, keep in mind the fact that many of these critics are the descendants of the very people who killed off the American Indians and now pretend that particular eradication was not genocide. 

How many Indians were killed in the Americas?  No one knows for sure.  Maybe around 8 million people, but maybe as many as 137 million brown-skinned, human beings lost their lives during the conquest of the Americas -- North and South America -- by the Whites. 


As a frame of reference, during the American Indian Wars -- whe
n the Whites conquered what are now the 49 North American states, the U.S. Army lost a grand total of approximately 1, 200 troops to hostile action at the hands of the totally out-gunned Native Americans.  It was a complete turkey shoot; the North American Indians were killed as easily as a bunch of ducks in a barrel.

                                   International Relations

     



    Peace is bullish for all financial positions, except the defense industry™




Dai Bingguo, a retired Chinese foreign policy officer, has delivered a speech in which he urged the U.S. to scale back its "heavy-handed intervention" in matters concerning the South China Sea


                   
                       Who are the parties inciting conflicts in Asia?



                                    
     B-2 Spirit stealth bomber - the World's most secretive, modern killing machine



Stratfor Analysts: This is how the United States would attack North Korea's nuclear weapons. The analysis makes clear such an attack would have no guarantee of success



                     
Territorial disputes in the South China Sea


Satellite Image Analysis: Spratly Islands in the South China Sea




Daily Mail: China has dispatched nuclear submarines to the Pacific in the latest expansion of its defense policy


Really, China has dispatched some nuclear subs to the Pacific? Well, okay, the Chinese subs can join the 18 American Ohio-class strategic-deterrent nuclear subs and the 43 American Los Angeles-class attack nuclear subs that are roaming the globe.   

Each one of the 18 American Ohio-class strategic-deterrent nuclear submarines carries more firepower within its missiles and torpedoes than the total of all the bombs, torpedoes and bullets fired every where around the globe during World War II and World War I, in total, all combined



 Monday, April 2, 2018
Dow plunges 459 points under the weight of a spate of negative factors

                                    Trade Wars


               

Sunday, April 1, 2018

                                  Happy Easter

                          

                                                         "Emmanuel" 
                                        

                                           "God's Got A Blessing"


                                        "Total Praise"
 

                                                  "Your Tears"


                                              "God Favored Me"


 

Saturday, March 31, 2018-
Cash-out refinancings are once again -- remember 2007? -- turning homes into ATM machines and potential financial shipwrecks
 
        
                                                           
            San Diego's Formation World Tour Performance on May 12, 2016
                                              
                                                    
"Halo"
                        
                                      "Lemonade"

  
     
              San Diego's Formation World Tour Performance on May 12, 2016


                      
"All The Single Ladies -- You Should've Put A Ring On It"                                   




  San Diego's Formation World Tour Performance on May 12, 2016
                                
                                 
Is Heaven missing an Angel?

                                                "At Last"

                                  "The Star Spangled Banner"



  San Diego's Formation World Tour Performance on May 12, 2016

Real life is sometimes reminiscent of a really good movie. In the 1992 blockbuster film  "The Bodyguard",  Whitney Houston is protected by her heroic bodyguard, Kevin Costner, from all dangers to her life and to her happiness.

Beyonce also has a bodyguard. If you look closely at the left side of the above photo you will see the shaven head of a bearded black man. He is Beyonce's bodyguard -- a giant at six foot four, around 270 pounds, without an ounce of fat -- he is moving through the security corridor that abuts the stage. He seldom glances at Beyonce or her dancers; instead, he intensely and constantly surveys the people in the crowd who are close to Beyonce. He was never more than a few quick steps away from her side.

The look in his eyes reminded me of the Secret Service detail protecting our President.  Excellent job, brother: Always keep her safe. Each and every fan gives you a standing ovation


                                               "Run To You"

                                             "I Have Nothing"

                                      "I Will Always Love You"


      
  San Diego's Formation World Tour Performance on May 12, 2016

                                             "Drunk In Love"


                                    "You Put My Love On Top"

  

                                     "Crazy In Love"

                                               


         San Diego's Formation World Tour Performance on May 12, 2016
                   
                            
 "Okay, ladies, now let's get in formation"





        San Diego's Formation World Tour Performance on May 12, 2016

                
"All The Single Ladies -- You Should've Put A Ring On It"                                   




 

         San Diego's Formation World Tour Performance on May 12, 2016
                   
                                          
 "Showtime"




                                                         

                                     
                                         "Baby Love Me Lights Out"



            San Diego's Formation World Tour Performance on May 12, 2016


                                             "Beautiful Liar"

     
Thursday, March 29, 2018
Dow soars 254 points, but the quarter performance is in the red

DWednes
day. March 28, 2018
Dow slips 9 points as a sense of stability returns to Wal Street
h
Tuesday, March 27, 2018
Dow falls 344 points as an early-day wave of optimism disappears


                        Did you know that on August 25, 2015
                  the World's financial markets almost crashed
                                     like in October, 1929?

                     You didn't know that?  Ignorance is bliss
                          
                          
A Trip Down Memory Lane
  The following blog was first published on Tuesday, August 25, 2015

Today's trading -- looking back at August 25, 2015 -- on Wall Street was 
volatile to say the least, as all the averages started the day solidly in positive territory, but the Dow closed at a loss of 205 points, extending the carnage that has swept relentlessly through global equity markets over the course of the past week


                                   It is only after the sun sets, 
       that you can say how the trading day went -- not at noontime


John Hilsenrath and Nick Timiraos: The risks have grown with respect to the health of the U.S. expansion     Thank you, gentlemen, for captioning the obvious and putting the situation in its mildest, noncommittal description. That sort of analysis takes real bravery and insight -- lots of both fine qualities. Pure genius

Wall Street opened in rally mode, following this morning's market intervention by the People's Bank of China, and stocks are up approximately 2.0% across the Board in early trading. Plus, the S&P 500 has risen above correction territory, at this point in the day

At around 6:30 AM, New York time, before the opening of the market on Wall Street, the People's Bank of China announced that China has cut its benchmark interest rate to 4.6%, effective in the near future, and the Bank also lowered China's bank reserve requirements, all in an effort to calm the World's financial markets   

                                      
Thank you, Beijing

I heartily commend the Chinese government for its prudent efforts to help the financial markets, since there are millions of panicked, sleepless people around the planet this morning.  

Thank God -- China has sent, and is capable of sending, its cavalry into this financial crisis. In fact, the economies of all the Western nations are practically incapable of doing what China has just done in an effort to stabilize the World's financial markets.

To me, it is deplorable that many Western commentators will criticize China's moves, claiming that the Chinese should have just allowed free market forces to correct the losses incurred over the last week. Or many commentators will claim that all these difficulties were China's fault in the first place. Or point out that China is just a third world country, claiming that the Chinese people are virtually in slavery. Or some commentators will allege that the rally on Wall Street would have happened without Chinese intervention.

Notably, the China critics -- commentators who are generally right-wingers -- will not point out that the United States could not drop interest rates in order to support the markets since interest rates in America are already at a point near zero, plus the Federal Reserve would be terrified to raise America's reserve requirements in the way that Beijing raised China's banks' reserve requirements. 

Furthermore, the China critics will certainly have some degree of difficulty explaining why a week or two ago these same people were cheer leading the proposition that the Federal Reserve should raise interest rates in the U.S. -- so-called "normalization."  

The right-wing's mantra is as follows: "The Fed needs to raise U.S. interest rates in September, 2015". This meme was/is a theory that I have decried with fervor for months, since it is a thinly veiled attempt by the right-wingers in the media and on the Federal Reserve to sink the Obama economy before the 2016 election. Unfortunately, there were as many as five adherents to the "raise interest rates " lunacy on the Federal Reserve Board, as recently as ten days ago. 

If there is a silver lining to the difficulties of the last week, it would be the fact that the stock market losses around the globe might shut up the lunatic "normalization -- 
raise the U.S. interest rates" crowd until well into 2016, or perhaps even 2017. We'll see.

And the reason why this narrative has ceased, at least for the time being, is because, in fact, the threat of "normalization" by the Federal Reserve almost crashed the World's financial markets over the course of the last several business days. Crashed -- like the financial crashes of October, 1929 or August, 1987.
                     

                          So, let me make sure I've got this right 


While the United States has spent over a trillion dollars over the last decade fighting Islamic radicals, China -- a country with virtually no problems with Islamic radicals -- has the financial clout today that is needed in order to intervene in the financial markets and rush, in a timely fashion, to the rescue of the entire planet, and thereby help not only the Chinese but all the World's people.  Thank you, Beijing.
 
                     Artist conception of a Chinese solar powered community    
                   

Over the last decade, China has used approximately $30 billion of its money to develop domestic infrastructure, such as cities powered by super- futuristic looking solar panels. China was able to develop this technology because of research grants to its private industry from the Beijing government.  That sounds kind of cool. Maybe the United States and Europe should follow the example set by China on both research grants, as well as how to handle a country's foreign affairs.

Many people are unaware of the fact that China has had the World's largest economy for 18 of the past 20 centuries -- notably, however, not during our lifetimes.  However, if one uses a definition of value that takes into account the striking difference between America and China with respect to the cost of a basket of goods and services inside the two respective countries, some economists would argue that China is right now the World's largest economy utilizing such a pricing-parity formula.

Most people are also unaware that during the Great Depression of the 1930's, China was the only major economy in the World that did not slip into depression, a fact that is a testament to my personal conclusion that China's theories on economic and financial policy are something that the West should seek to study and emulate..

   

I will always feel an affinity for China. The reason why I feel this affinity is very straightforward.  In 1973, only a few months after my graduation from New York University Law School, I was an attorney at the Wall Street law firm named Dewey, Ballantine, Bushby, Palmer and Wood.  My supervising partner, an expert in the field of international corporate finance, called me into his office one Friday afternoon during the late spring and asked me to shut the door behind myself as I entered. Mr. Phillip Dunlay, a true legend on Wall Street, asked me to perform, as quickly as possible, research on the question of whether it was legal for an American company to sell $250 million worth of American wheat to Mainland China -- Communist China.

I was stunned. At that time, as far as anyone knew, no American company had entered into any business transactions with China since the Communist civil war and takeover in 1949. My law firm's client, an American subsidiary of the French global conglomerate, Louis Dreyfus Group, was on the verge of making history as the first American company to trade with China in modern times. 

We realized that this transaction would certainly open immense floodgates for future trade between the two countries. Mr. Dunlay cautioned me, saying that I needed to do the research as quickly as possible -- he told me to burn the midnight oil over the course of the weekend -- plus, I needed to maintain absolute secrecy concerning this proposed transaction, because if this information were to slip out, there would be a huge and potentially market-moving impact upon America's international balance of payments. I assured Mr. Dunlay that he could absolutely rely on me for speed and confidentiality.

Monday morning, I reported the results of my research: There was no American law that prohibited an American company from trading with China. Three weeks later, the transaction was completed and reported as front page news in the Wall Street Journal and the New York Times. I was so proud of myself, as well as the American and Chinese people. I felt that humanity had taken a giant leap forward, and all the World's people would profit from the new, more friendly relationship between the United States and China.

                     **********************************



Monday,  March 26, 2018
Dow surges to an impressive 670 point gain today, but some commentators forecast this to be the beginning of the end

                Summary of America's budget process


                  

                                                     "Adorn"

Tuesday, March 20, 2018
Dow gains 116 poihts as Wall Street awaits tomorrow's Fed input
       
                    
                      
                                 Summary of epic film "Black Panther"

                                Soundtrack; "Black Panther"
S  

Monday, March 19, 2018
Dow plunges 330 points, threby falling into the red for all of 2018


               
               Summary of President Trump's economic policy



                    ****************************************
                                     A trip down Memory Lane                                 
                                     Sunday, October 2, 2016

What happened in 1995 -- how could Trump lose $916 million and still live like a billionaire?  He got a lot of help from the tax laws regarding the treatment of real estate assets

Donald Trump's rally in Pueblo, Colorado: "I'm working for you now. I'm not working for Trump"

CNBC: What exactly is Donald Trump's plan for America's taxes?
                                         
New York Times: Trump tax records received by the Times reveal that Trump may have paid no income taxes for nearly two decades, because Trump's businesses lost a staggering $916 million in 1995

            

Fox News: Governor Christie defends Trump's leaked tax return, saying that there is nothing illegal -- there are "no apologies"


Former New York City mayor Giuliani calls Donald Trump a genius for minimizing his Federal income taxes


                           Hey Rudy Giuliani and Chris Christie:
   There is no one more blind than the person who does not want to see®

Understand this: The true issue here is the fact that Donald Trump's lousy business sense caused him to lose $916 million in one year. That is the real red flag here. Remember this: Despite his wealth, in fact, Donald Trump is a strikingly incompetent businessman.

    

      Do not be misled by TV commentators who claim that taking          Trump's tax deduction was "very complicated" -- "it was genius." 

In actuality, the tax deduction that Trump is suspected of utilizing is called a business net operating loss under Section 172 of the Internal Revenue Code. Any third-year college student majoring in Accounting would fully understand and be able to apply the principles involved in taking this deduction. This is not genius; for any accountant, this is no more difficult than ninth grade algebra.
     
This link is to a cookbook summary of how the business net operating loss deduction is calculated and applied. It's really a very basic tax treatment that is oftentimes utilized by start-up businesses in their formative years, before the business becomes profitable, or during later years when expenses are greater than profits. It is a very straight-forward and logical part of the tax code.

However, in the 1990's, there were two provisions of the Internal Revenue Code that may have sweetened the deal for Trump specifically because he was a real estate developer. 

First, at that time, if Trump's bankers forgave his debts -- as banks sometimes did in the 1990's -- Trump would have been allowed to deduct the full cost of properties bought with debt, even though his actual cash payment might have been only a small fraction of the property's full price. 

Second, in the 1990's, the forgiven debt would not have been considered income to Trump. Or in the alternative, Trump may have engaged in illegal "debt parking', a technique in which a company, that is secretly controlled by Trump, would buy his unpaid debts from the unsuspecting banks for pennies on the dollar, and then that Trump controlled entity would never seek to collect on the debt.

Those two huge advantages are no longer allowable under Federal tax law for the very reason that they led to insane outcomes. The full-price write-off technique, despite the presence of huge amounts of borrowed money, was done away with in 2002 by a bipartisan vote of Congress, following a decision by the Supreme Court that highlighted the insanity of that loophole. The Supreme Court actually concluded that Congress had accidentally created the loophole by a mistake in the language of a statute.

At present, forgiven debt is considered to be income in the hands of the debtor, in most situations outside of bankruptcy.

In 1995, in the entire Nation, there were a total of $49 billion of net operating losses taken by all the country's taxpayers. In other words, that year Donald Trump claimed 2% of the Nation's entire net operating losses. That is not a compliment, nor a sign of genius.  

In fact, it is known that Trump was able to force a debt forgiveness of at least $250 million regarding his ill-conceived purchase of the Plaza Hotel in 1992; he grossly overpaid for the hotel. The forgiven debt was absolutely great for Donald Trump, but terrible for the publicly owned banks that took huge losses because of their relationship with The Donald.


       Trump's bad decision making is characterized by grandiosity

        Is he just some kind of crazy TV clown living large on credit?
   
                                          America: Caveat Emptor 
       There is no one more blind than the person who does not want to see®

   
                                          Atlantic City, New Jersey

Here is the second issue to understand about Trump's $916 million loss in 1995. Many right-wing commentators, such as Rush Limbaugh and Lawrence Kudlow, are trying to dismiss Trump's loss as just a reflection of bad times in the economy in 1995. Such a claim is nonsense -- 1995 was not a bad year in the American economy. For example,  Wikipedia's account of U.S. economic history shows no reference to a collapse in the real estate market during the 1990's or some other calamity that would tend to exonerate Trump's lack of wisdom and lack of prescience.

Trump's failure in that era was due to his own lack of foresight when he decided to undertake a huge Atlantic City casino project -- the Taj Mahal -- that was financed with 14% junk bonds. Disaster in the form of bankruptcy occurred only a year after the Taj Mahal opened, and Trump pushed half the ownership risk -- and losses -- regarding the venture onto his bondholders.


At that time, he also mismanaged the ill-conceived Trump Shuttle airline, which never turned a profit, when the tycoon tried to push luxury when the marketplace actually wanted speed and economy. 

During that era, Trump purchased the Plaza Hotel in New York City at a price that doomed that project from the outset. When the Plaza project hit the skids, the consortium of banks who financed the project forgave $250 million in debt. The debt forgiveness was a great golden parachute escape for The Donald. However, Trump's employees, vendors, the banks that had provided financing and investors crashed into the ground hard.


   
  
     
"Whoops!!  In 1995, I realized a loss of $916 million. Whoops!!"
 "But, pay that no mind. Rudy Giuliani thinks I'm a financial genius." 

Zacks Financial Newsletter: Donald Trump's record as an investor is actually quite unimpressive -- in fact, his rate of wealth growth in the 1988 - 2015 period was less than half the performance of the S&P 500 during that same period.

Which means the following: Despite Trump's claims of how his great intellect and brilliant deal-making built a beautiful, multi-billion dollar company, in fact, it would have been more profitable if Donald had invested his entire fortune in 1988 in an S&P 500 index mutual fund and then did nothing but relax and play golf for the next 27 years. 

If he had done that, Mr. Trump would be more than twice as rich as he is today.  That is a very interesting fact to bear in mind the next time The Donald offers the size of his wealth as proof of his financial and business acumen.


                   But what about his first billion dollars?  
                        How was his first fortune earned? 
 

                            
Answer:
  He cheated his head off 
                 in the New York City real estate market


In the 1970's and 1980's it was common knowledge in New York financial circles that Donald Trump was making a killing in the New York real estate market using a technique that was abusive and illegal. 

Mr. Trump would buy an apartment building dirt cheap. There were many apartment buildings around New York City, at that time, that had depressed valuations; this was because the tenants in those buildings fell under rent control -- under the law, the rent charged was mandated at low levels for the length of time these rent controlled tenants lived there.

Mr. Trump realized that if he could convince these rent controlled tenants to move out of their apartments, he could raise the rent on new tenants. Or he could convert the rental units to condominiums -- called "cooperatives" in New York City -- and make a huge killing in profits.

Mr. Trump had a money-making idea: Move unsavory tenants into the buildings and thereby depress the quality of life among the rent controlled tenants, with the intention of causing the rent controlled tenants to flee the building. 

Unsavory tenants? Yes: the deranged homeless; drug addicts; gang-bangers -- all recruited by Mr. Trump's people with the intention of forcing the rent controlled tenants out of their apartments. Mr. Trump was very successful at the implementation of this technique, and, after a little more than a decade of this abusive and illegal practice, he had made his first billion.

             *********************************************





                                       "Ice Box"


Sunday, March 18, 2018

                        A Trip Down Memory Lane
                                  Thursday, December 5, 2013

                          

                   Summary of the life of Nelson Mandela

  Mandela's speech in Oakland, California  June 30, 1990


                                           Humanity pays tribute 
                              As a towering and courageous Realist 
                Passes into the ages and indelibly into World history



                             Table Mountain, Cape Town, South Africa


I performed significant work in 1986 and 1987 on the $100 million acquisition by NYNEX Corporation, the Northeast U.S. telephone company, of BIS Banking Systems Ltd., a multinational corporation specializing in the most popular and widespread international commercial banking system computer software. BIS Banking Systems was based in London, with offices in many countries around the world.

During the course of my work on this acquisition, I uncovered the fact that one customer of BIS Banking Systems was the infamous Volkskas People's Bank of apartheid South Africa. The Volkskas was the financial arm of the extremist Broederbond faction of the South African National Party, which was the creator of the racist system of government in South Africa. The Volkskas was part of the financial strength behind South Africa's tyrannical military and police complex.

Immediately following the acquisition of BIS Banking Systems, on the basis of my research, investigation and recommendation, NYNEX Corporation's top management decided to terminate any and all business dealings with the Volkskas and demanded the surrender of all BIS Banking System software in South Africa, thus frustrating the ability of South Africa's banks to interface and do business with computerized banking systems utilized by much of the financial world in Europe, Asia, North and South America, as well as other parts of Africa. The collapse of the apartheid government was hastened by the collapse of its ability to engage with the modern World's banking system.

                       *****************************************

                                Walking by Faith, not by vision

                     

                                           "The Book Of Eli"
  
                                        "First Shooting Scene"
                  
               The book Eli carries is the World's last surviving Bible.

          He is walking tirelessly across a devastated future-America, 
                                        guided by his faith in God. 

         At the end of the movie, you discover that Eli is totally blind
 
                                    
"God Favored Me"




                      It's time to get real regarding immighation

By its vote on the GOP tax cut legislation, the Democrats can be rightly accused of positioning themselves in a posture where improvements in the American economy 
will scream:  "The Democrats were wrong regarding the outcome of tax cuts for businesses, including the repatriation of business assets held abroad.."

Under no circumstances should Democrats engage in talking down the economy -- unless the economy is indeed faltering.

Success on DACA is a must.

The Democrats should not make a similar mistake of hubris regarding border protection. Authorize the funding of 200 miles of wall in order to study its effects over the next several years, at which point a further vote should be taken regarding additional wall funding. The following question would be answered: Will a wall just give birth to really tall ladders? Plus, every day ask: "Has Mexico paid for this yet?"

Democrats should rally in favor of the principle of merit based immigration/ It's just common sense.  Plus, the following is true: For decades, African immigrants entering the United States have much better credentials than European immigrants -- such as a higher percentage of advanced college degrees.

The Democrats should support chain migration solely for those persons who are at present legally residing in the U.S. Selection by lottery defies common sense.

                         
                               Summary of immigration into America
.

                                         A trip down Memory Lane

                                   
Friday, October 20, 2017   

         Repatriation of Eurodollars and other assets held overseas

                                What is a Eurodollar?

          

                                          A modest proposal 
        Maybe Congress -- the Republicans as well as the Democrats --                           and President Trump could agree on an idea
              that could bring dollars in the hundreds of billions 
                                   back into the U.S. economy

BusinessWeek: It's time for Congress to enact legislation that will encourage U.S. companies to repatriate overseas cash hoards  

Repatriation refers to the payment of a dividend by a foreign corporation to a U.S. corporation. This happens when the foreign corporation is considered a "controlled foreign corporation" (CFC), which means that more than 50% of the foreign corporation is owned by U.S. shareholders. 

Generally, foreign direct investment in CFCs, or a CFC's profits from doing business abroad, are not taxed until a dividend is paid to the controlling U.S. parent company, and is thus repatriated under the jurisdiction of the U.S. tax authorities. 

The foreign income of the CFC is taxed only by the country where it is incorporated until repatriation. At repatriation, income is subject to the (typically higher) U.S. tax rate -- generally at the rate of 35% -- minus any foreign tax credits, for taxes paid to foreign governments. This process is covered under Sections 951-965 of the Internal Revenue Code. 

There are currently hundreds of billions of dollars of foreign direct investment in CFCs because of the disincentive to repatriate those earnings. 

Some sort of repatriation incentive is a long overdue step that can be enacted in a bipartisan way in trade for a great proposal such as a plan for pre-kindergarten education for the Nation's children or the retirement of a massive portion of America's  National debt

                  
                       ******************************



"                                        "Give It Up To Me"



 Tuesday, January, 23, 2018


                           **************
        Today's environment of "Animal Spirits"was very predictable
                                         December 7, 2012

                    

Is the country experiencing a channeling by conservatives of the plot in Ayn Rand's "Atlas Shrugged"? If the conservatives are channeling Ayn Rand, any Keynesian efforts to stimulate the economy, or quantitative easing, will be torpedoed and are doomed to fail because the conservatives would act to keep unemployment at high levels. If channeling is taking place, no one taking part in the effort would ever admit doing it without being pressured by a determined questioner who is armed with facts and understanding of this phenomena Summary of Ayn Rand's Objectivist opus 

Wall Street Journal: "Atlas Shrugged" - from fiction to fact in 52 years 

For example: Company policy - "We are not hiring until Obama is gone"

For example: Factories have revved up production significantly, but hiring of manufacturing workers has barely budged

For example: David Seigel, CEO of Westgate resorts, terrorizes his employees with an "Atlas Shrugged" rant

For example: The GOP/Lockheed Martin layoff notice threat/hoax

The news flash regarding "Atlas Shrugged" is that an imitation of the book's plotline would be a silent commitment by business owners to hire few new employees and lay off as many people as possible - giving a long-term unemployment problem to the U.S. economy, such as we are currently experiencing with the Nation's unemployment rate at 7.7%. One should note that several of the large-audience, right wing talk show hosts have urged their listeners to read "Atlas Shrugged", including Rush Limbaugh, Glenn Beck, Roger Hedgecock and Neal Boortz 

CNBC Video: Rick Santelli, an early voice of the Tea Party, rants that what Europe needs to fix its ills are one million copies of "Atlas Shrugged"

The $3.7 trillion question: Why aren't firms spending?



                        ****************

Rush Limbaugh, Sean Hannity and all commentators on Fox News continually claim that the American economy under President Obama was nearly dead. Are such assertions true? In a single word: No, these assertions are propaganda. The actual facts are as follows

      Have we reached the point when we should declare the reality: 
      The United States economy under Obama was a huge success

       
               Thank you, President Obama. History will tell the truth

      Your four main accomplishments benefiting the economy:

  1. The longest, strongest bull run on Wall Street -- the longest, consecutive period of gains in the history of the Nation
  2. The lowest interest rates in the history of America -- helping out the tens of millions of citizens who owe mortgages, credit card debt, auto loans or student loans -- namely, just about everyone
  3. The longest string of monthly increases in jobs filled -- the longest winning streak since the inception of such record keeping
  4. The remarkable, strong recovery in nearly all geographic areas with respect to the U.S. real estate market, despite the near fatal collapse of real estate during the Bush Administration
  5. Quarterly growth in the Nation's GDP that equaled or exceeded 3.0% during 16 of the 32 quarters of the Obama Admistration

     Nice going, Mr. Obama. I salute you.  A job done brilliantly
              You should expect brilliance from a Harvard mn
                                   
                                      *************************
                                           You've Got Mail
*
Sent: Sunday, January 21, 2018 at 2:25 PM
From: "Kamala Harris" <info@kamalaharris.org>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: An extraordinary day I'll never forget

Kamala Harris

Hi, Walter —

It’s been a year since I took the stage in Washington to stand in solidarity with women around the country to advance an agenda rooted in equality, justice, and tolerance for all.

I’ll never forget that day.

It was an extraordinary moment where all women proved we cannot be dismissed or written off to the sidelines.

What I said at the first Women’s March holds true to this day: that while they may have the House, the Senate, and the White House, they have not and cannot take away our power — because it belongs with the people.

We have the power — as we have demonstrated throughout this past year — to create a more perfect union where the law finally guarantees equal pay for equal work, no matter your gender or race.

We have the power to defend women’s reproductive freedom and ensure millions of women won’t be left without care if Planned Parenthood is defunded by the Republicans.

We have the power to end this government shutdown and ensure Dreamers are protected from deportation, 9 million kids are insured, and we can fund our essential services like disaster relief and community health centers.

Last year’s march was the beginning of a movement that has empowered millions of women to say #MeToo and to challenge our supposed leaders in Washington who are desperate to force us backward.

It’s a movement that understands that the arc of the universe is long, but it always bends toward justice — and with an understanding that it is our responsibility to work hard and bend it ourselves.

Never forget that your voice is your power. You cannot create change if you sit on the sidelines waiting for someone else, even me, to solve the problems facing your community or this country.

Whether or not you were able to participate in the march last year or this year, this is a moment in time that is demanding all of us to dig deep and take ownership of the future. Be brave and stand with us in fighting for the people.

We are strong when we raise our voices together and that is precisely what we did one year ago — and what we will continue to do in the difficult weeks, months, and years ahead.

When people of all ages, colors, religions, and backgrounds come together, unified in our collective struggle for justice, there is nothing we cannot accomplish.

Stay involved — and we will win this fight in the end. Thank you.

Kamala Harris
U.S. Senator, California

                          *************************

Sent: Monday, January 22, 2018 at 2:37 PM
From: "Bernie Sanders" <info@BernieSanders.com>
To: "Walter Lewis" <walterlewis@gmx.com>
Subject: How we win

Friends of Bernie Sanders

Walter -

Over the last week we have seen the devastating impact of the right-wing extremist agenda that Republican rule in Washington is forcing on the nation. Over 80 percent of Americans support providing legal protection for the 800,000 Dreamers - young people brought to this country as children who are now our neighbors, our co-workers, our friends and our family members.

Despite the overwhelming view of the American people, Donald Trump, Mitch McConnell and Paul Ryan chose to hold the entire federal government hostage to their blatantly xenophobic and anti-immigrant views.

As I traveled the country in 2015 and 2016 some of the most moving meetings I held were with young Dreamers terrified that they would be rounded up and thrown out of the only country they have ever known. Trump promised to help the Dreamers while he was running for president but, in one of his series of lies, he has reneged on that pledge.

Make no mistake about it. This government shutdown and budget fight in Washington is also about our priorities as a nation. Republicans want massive increases in military spending while refusing to address the crises we face in health care, education, college affordability, infrastructure and more.

This is the wealthiest nation in the history of the world. Of course we can increase the standard of living of people in every zip code in this country - urban and rural - if we invest in our critical domestic needs. But we cannot expect that will happen when we have a president and a party beholden to the Koch brothers and other billionaire campaign contributors. Their agenda is exactly opposite of what the American people want.

From coast to coast Americans want a government that represents all of us, not the 1 percent. They don't want congressional leadership that has tried repeatedly to throw tens of millions of people off their health insurance and then looted the U.S. Treasury to give massive tax breaks to their fat cat donors. This right-wing Republican leadership has got to go! And we are the ones who have to send them packing.

But I cannot do it alone:

Chip in $10 to help us defeat Republicans across the country by reactivating the organizing networks that were at the heart of our grassroots success in 2015 and 2016 and to do it in support of progressive candidates up and down the ballot who will stand with Dreamers and the working people of this country.

I, frankly, am outraged by what Trump and Washington Republicans are doing to our country and to our people. That is why it is so important that we take back the Congress in 2018 from these extremists and why I hope you will join me in that fight.

Being outraged, however, is not enough. We are the ones who have to make it happen. If we fail, what will you tell future generations when they ask, "What did you do in that critical moment when we still had a chance to set things right?"

How we win is straightforward. We have all witnessed the power of grassroots politics. Whether it was the 2016 primary campaign, the millions of women who took to the streets, the people from all walks of life who showed up at airports to protest the bigoted Trump Muslim ban, or the overwhelming majority standing with our Dreamer brothers and sisters, the message is clear. When we stand together we can build the America we all want to see.

Grassroots efforts have been successful in electing new progressive voices from all walks of life in places like Virginia, New York, Alabama, Mississippi and elsewhere. Grassroots efforts can transform this country. But we have to redouble our efforts if we are going to wrest our country back from those whose greed and dishonesty is destroying it.

That is why I want to announce to you a major new three-part initiative for this year and how you can be part of the fight to take our country back.

First, I am committing to travel the country in support of progressives running up and down the ballot. Like I did when together we rallied millions against the Republicans' failed attempt to repeal the Affordable Care Act, I intend to go to every corner of this country to help build the electoral wave that will sweep Republicans out of the Congress, out of governors' mansions, out of state houses and out of city and town halls.

I hope in my travels that I will see you at these events. Your attendance is critically important to showing the strength of our movement and our resolve.

Second, as we work to create Democratic majorities in both houses of Congress, I will be giving special focus to a core group of up-and-coming progressive candidates at the national and state level. We need progressive Democrats who are going to vigorously stand up against Republicans and fight for our values. But the only way they win is if we help them.

These are the type of candidates who do not draw big dollar contributions but they can prevail if we provide them the small dollar, grassroots support they need. As we introduce this growing list of candidates to you over the next couple of months I hope you will give them the support they need to carry our fight forward in their primaries and in the general election.

Finally, I am excited to announce that we will be reactivating the distributed organizing network that was at the heart of our grassroots success in 2015/2016. This will give us the capacity to reach out to millions of households by phone, by email, on social media and by text message.

This will give each of you the power to help elect progressives and defeat Republicans all across the country.

What we have seen over the last depressing year is a full out assault on working people of all races, an assault on marginalized communities and an assault on people based on gender, race, ethnicity, religion, sexual orientation, gender identity and national origin.

Trump and the Republicans want to divide and conquer while the billionaire class laughs all the way to the bank and the rest of America falls further and further behind. We cannot let them do it.

The late Congresswoman Barbara Jordan summed it up so well when she described the aspiration of everyone in this country - "What the people want is very simple - they want an America as good as its promise."

Creating that America has been the motivation of my entire political life. I have always believed that together we could make it