Snippets is edited by AGB:
MEA CULPA!
NEWSFLASH: I take everything bad I had said about the LEFT for the last decade.
It appears the I was wrong and indeed, they do understand.
Does the reader understand this?
August 8, 2011
Predator Drone Seen Hovering over Standard & Poor's Headquarters
Company Could Be in for Downgrade of its Own, Experts Say
WASHINGTON (
The Borowitz Report) – Just days after downgrading the credit rating of the United States, Standard & Poor's was on high alert this morning after an unmanned Predator drone was seen hovering over its headquarters in lower Manhattan.
While the mission of the Predator was unclear, some insiders speculated that S & P might be in for a downgrade of its own.
The Predator appeared in the skies above the company's headquarters minutes after it was rumored that S & P was about to downgrade the United States to the same status as Pluto.
As a so-called "dwarf nation," the U.S. would no longer be accorded the same respect as a recognized country like France or Brazil, one S & P source said: "Basically, the United States would be considered a social network with parking."
At the White House, President Obama offered no comment on the Predator's mission, saying only, "The Predator is an effective weapon against the enemies of the United States of America."
He did offer apologies for what he called "an accidental Predator missile strike" over the weekend at a golf course in Virginia which narrowly missed Rep. Eric Cantor (R-VA).
In other financial news:
-- In an effort to find a safe haven, rattled investors fled the dollar today and moved their money into Groupons.
-- In one rare bright spot on Wall Street, manufacturers of red ink posted record profits.
-- And finally, Secretary of the Treasury Timothy Geithner explained his decision to remain at the U.S. Treasury: "I didn't want to look for a job – it's fxxxxx scary out there."
----------------------------------------
ACTUALLY, I TAKE BACK EVERYTHING I SAID ABOVE. THEY REALLY DON'T GET IT.
For the Record
"
The Obama administration and congressional Democrats are betting their political futures on the hope that the American electorate is ignorant and forgetful, and hence the memo has gone out to functionaries hither and yon, from David Axelrod to John Kerry: This is to be called the 'tea-party downgrade.' That this is said with straight faces bespeaks either an unshakable contempt for the mind of the American voter or an as-yet unplumbed capacity for Democratic self-delusion. Let us revisit the facts. The original debt-ceiling deal put forward by the Democrats totaled $0.00 in debt reduction. This would have fallen approximately $4 trillion short of the $4 trillion in debt reduction the credit-rating agencies suggested would constitute a 'credible' step toward maintaining our AAA rating and avoiding a downgrade. ... The Democrats have suggested that Republicans' refusal to accede to tax hikes is the main reason Standard & Poor's felt it necessary to issue a downgrade, the first in American history, last Friday evening. In their assessment of Standard & Poor's reasoning, the Democrats are acutely at odds with Standard & Poor's. The credit-rating agency did not call for tax hikes in its assessment. ... But S&P, along with the other credit-rating agencies, has long taken a position on one aspect of our fiscal troubles: entitlement reform. ...
As anybody who has looked at our long-term deficit projections knows, entitlement spending is the major driver of our future deficits. ... Tea-party leaders, far from being a barrier to entitlement reform, have demanded it. ... The deal that finally did pass would have contained significantly more in deficit-reduction, except for the fact that Democrats categorically refused to consider -- is this sounding familiar? -- entitlement reform, the most important issue. ...
Democrats believe that they have discovered a cartoon villain in the Tea Party, and they are hoping that American voters are gullible enough to be distracted by the political theatrics. Come November 2012, Americans should keep in mind both the insult and the injury -- to the nation and its credit." --National Review
via Mark Alexander
MISSION ACCOMPLISHED
YOUR WEALTH HAS JUST BEEN REDISTRIBUTED.
IF YOU'RE A LIBERAL DEMOCRAT, CHECK YOUR IRA & PENSION STATEMENTS.
AND THEN JUST HIT THE SNOOZE BUTTON AGAIN.....
....AS YOU HAVE ALL YOUR LIFE.
---------------------------------------
FEATURE:
August 7, 2011
The Jihad Against the Armenian, Assyrian, and Greek Christians
By Janet Levy
In Germany, where Holocaust denial is punishable by up to five years in prison, Stuttgart University recently capitulated to pressure from resident Turkish Muslims and canceled an event entitled, "Persecution, Expulsion and Annihilation of Christians in the Ottoman Empire 1912-1922."
Ironically, this occurred in a country that was forced to confront its own genocidal past, educate its population and pay restitution to victims. University officials explained that they wanted to "remain neutral" on the subject of the nearly 100-year-old, well-documented Turkish massacre of more than two million Christians. Citing neutrality in the face of crimes against humanity is deeply troubling, particularly in light of Germany's Holocaust past and the missed opportunity the event represented to educate students about genocide and potentially prevent its recurrence.
Equally troubling is Turkey's continued denial and banning of information about these crimes, not only within its own borders, but, as exemplified in Germany, within other countries as well. In contrast to Germany where laws since the end of World War II seek to prevent a Holocaust from ever happening again, the Turkish government under Article 301 of the Turkish Penal Code, passed in 2005, makes it a crime punishable by up to two years imprisonment to insult the Turkish state. This provision prevents any public commemoration or consideration of the Turkish Muslim atrocities committed against Ottoman Christians.
This silencing and strong-arming of other nations by a country that is majority Muslim represents Islamization embedded within a national policy of Turkification. Turkey's past aggression, labeled the "Armenian Genocide," follows the Islamization pattern that exists today: annihilation of all non-Muslims, no matter their religion, ethnicity or national origin.
Churches were ransacked and priests beaten and made to march naked as they were massacred. Men were beaten on the soles of their feet until they swelled and burst and their limbs required amputation. The Turks pulled out facial hair, extracted nails, ripped out tongues, applied hot irons to the chests of victims, poured hot butter into their wounds and taunted them about Christ coming to their aid. The Ottoman Turks even reviewed the records of the Spanish Inquisition to come up with ideas for torture.
Some Christians were deported with the idea that they would die en route without food or water. During the journey, they were robbed, whipped, bayoneted and murdered by Muslims who prohibited them from stopping for water. Others were hit with saws, hammers and clubs and left to be devoured by wild animals.
-----------------------------------------------
"Our enemies think that we are you, and that you are us," said Netanyahu. "And you know something? They are absolutely right."
If there are two more beautiful symbols of power, humility, generosity, logic, ethics and friendship, let me know where they are and who can sell me more. - AGB
-----------------------------------------------
Pictured: Federal Employee on the job at the U$ Treasury
ZZZZZ$$$$$$zzzzzzz$$$$$
7,600,000,000,000
AS OF TODAY AMERICA LOST SEVEN 1/2 TRILLION DOLLARS
HERE IS THE MATH
$2T for the Debt Ceiling Hike. One half was spent instantly upon the signing of the law. GONE!
$800B FOR TARP
$700B FOR QE1
$700B FOR QE2
$2.4T LOST in the stock market collapse - the DOW dropping from 12760 to 10810 = 1950 points. As of this writing, today it dropped to 10810, another 330 points - about 1700 points total. I called what I had believed to be the bottom at about 11200. Close but no cigar. However, those who had bought there will be far better off than most of us. Provided the world doesn't descend into hell soon.
$1T in interests costs over the next decade for the $2T Debt Ceiling hike; figuring in the added premiums for the AA debt downgrade.
TOTAL DEBT - $7.6 Trillion plus my personal losses in the market.
Historians will write about this week for a century.
Bush's deficit before the 2007 market crash was $200 Billion. TWO (2%) PERCENT of today's debt!
Just a reminder for perspective. Another thought: What if we had allowed all the banks to fail in 2008? And then redistributed the money, $7.5 trillion we had used to bail out the same banks, Freddie and Fannie that are failing right now? THE LAST TWO DOWNGRADED BY S&P today?
Do you think social security and medicaid be in better shape? You bet! They would be entirely solvent! In other words, the American People would be solvent and the banks that going broke right now would have gone broke four years ago. The first was a WIN-win; the last is a LOSE-lose.
How many jobs does $7.6 trillion represent among, let's say 20 million unemployed - and generously I add in the unemployed from the hypothetical failed banks, GM, AIG and the rest? I would say that every one of the unemployed would be multi-millionaires today, starting new businesses, buying new cars and homes, paying taxes into the US Treasury, spending oodles of money at Bloomingdales and Neiman - Marcus and sipping margaritas on St. Barth beaches with a long-legged blonds on each side helping them buy stocks in the newly-minted American economy.
Check the math and double the unemployed and you'd have 40 million millionaires doing likewise. Just a thought.
Ken Rogoff, professor of economics, Harvard
"We will get QE3, then QE4 and then QE5." 
Nouriel Roubini, the US economist known as Dr Doom, on the likelihood of the US Federal Reserve printing more and more money in a process known as "quantitative easing".
"We are seeing a widespread crisis of confidence. Central banks have lost their credibility."
SHOOTING BLANKS BERNAKE?
All it takes to figure it out is this:
and this 
After almost a month of numbing debate about America's debt burden and the threat of a double-dip recession, Obama might have hoped that the last-ditch compromise hammered out with Republicans at the edge of a fiscal cliff last weekend might have made for a happier birthday.
Instead, he was placed in the awkward position of lighting the White House barbecues for a slap-up bash with his celebrity pals while the rest of America burned. Stevie Wonder sang Signed, Sealed, Delivered, but he might better have sung Eve of Destruction.
-from
Divided America
Tony Allen-Mills, Washington
-----------------------------------------------------------------
AGB: What does the SnP downgrade really mean? SNP DOWNRATED US DEBT because the politicians didn't agree to raise the debt ceiling timely and as specified by SnP, which also requested an additional demand to be tied to the ceiling raise:
The US must LOWER the existing debt BY FOUR TRILLION DOLLARS.
The Republicans didn't agree to a tax increase, increased income; and didn't agree to increase spending on any programs, social or other. Close, but no cigar. In other words, while this position would limit an increase to the debt provided there were no interest payments, it wasn't enough BECAUSE IT WOULD NOT REDUCE THE DEBT. The debt would still keep increasing.
The Democrats didn't agree to a tax freeze, level income, they wanted to lower the debt by taking the assets of the American citizen who wanted to keep what they earn; and demanded to increase spending on several social programs - not the ones most important to America, which would have negated the tax increase proceeds. THIS WOULD NOT ONLY NOT REDUCE THE DEBT, BUT WOULD DRAMATICALLY INCREASE IT.
In any event, the "DEAL" didn't reduce the debt at all until some debt may be addressed in 2013-14 AFTER Obama runs for a second term. The debt would continue to increase. With the downrating that debt will increase even more because the nation will pay higher interests to service our current debt.
So the two parties were at a stalemate. One has to examine the totality of the problems as detailed above and decide for themselves which party was responsible THE MOST for the credit downgrade from SnP.
Two hints. One cannot spend themselves into prosperity, or borrow themselves out of bankruptcy.
http://blogs.forbes.com/greatspeculations/2011/08/06/sp-u-s-debt-downgrade-sends-ripples-into-real-estate/
-----------------------------------------------------------
TALKING TO A WALL
WHAT GOOD CAN IT DO? 
MAYBE SOME GOOD?
http://www.youtube.com/watch?v=mX99NZx9Mfs&feature=youtube_gdata_player
QUESTION:
DOES THE WALL TALK BACK? LET'S EXAMINE THE EVIDENCE:
How Israel saved Intel
By Ian King
Bloomberg News
Five hundred employees and guests crowded under a white tent half the length of a football field at Intel's Santa Clara, Calif., headquarters as Chief Executive Paul Otellini put his company's newest line of computer chips through their paces.
"These are the best microprocessors we've ever designed, the best microprocessors we've ever built," Otellini said. "This is not just incremental change; it's a revolutionary leap."
http://www.isrealli.org/israel-saves-intel/
A camera zoomed in on engineers in lab coats in Haifa, Israel. The video revealed that the chip Intel is counting on to recover from a battering by Advanced Micro Devices (AMD) wasn't invented in Silicon Valley. Instead, Intel is betting on a group of Israeli mavericks and a design bureau 7,400 miles away.
STANDING TALL! ISRAELI TECHNOLOGY
← Special: The 56 Israeli Companies Exhibiting in Mobile World Congress 2011 →
ARM MICROPROCESSORS USED INSIDE THE iPHONE
Israeli Office ARM Israel
3 Hagavish St 44424 Kfar-Saba, Israel
Shlomo Rosenberg Phone: +972 9 7644867
http://www.semisrael.com/component/option,com_sobi2/Itemid,3/sobi2Id,52/sobi2Task,sobi2Details/
According to the company, the LifeKeeper patch can read information about the wearer's medical state – recording data such as body temperature, heart rate and rhythms, blood pressure, and blood sugar levels. When you wear the patch, the information is transmitted via Bluetooth to a cell phone, where an application records the information. The phone program evaluates the data, and if the information being recorded indicates that that wearer is in danger of a heart attack or stroke, it can send an emergency message out to doctors or emergency services, who can then locate the wearer using the phone's GPS capabilities. (I'm proud to say I had the first full English-language report on this, which you can read here) Sounds like a medical miracle!
CRITICS OF THE US-ISRAELI RELATIONSHIP ASSERT THAT THE UNITED STATES DOESN'T NEED ISRAEL. THAT THE RELATIONSHIP HARMS U.S.' NATIONAL SECURITY.
LET ME POSE A QUESTION TO THE CRITICS: 
IF DRAMATICALLY IMPROVING U.S. MILITARY CAPABILITY and AMERICA'S NATIONAL SECURITY THROUGH ADVANCED WEAPONS SYSTEMS, RAPID RESPONSE AND TARGETING, DELIVERY, LOGISTICAL AND OTHER WEAPONS TECHNOLOGIES; SURVEILLANCE TECHNOLOGY; BOMB DETECTION TECHNOLOGIES while IMPROVING OUR LIVES THROUGH COMPUTER, MICROCHIP AND INFORMATION SECURITY TECHNOLOGIES; COMMUNICATIONS TECHNOLOGIES; GREEN AND ALTERNATIVE ENERGY TECHNOLOGIES; AGRICULTURE AND FOOD PRODUCTION TECHNOLOGIES; THE SAVING THE LIVES OF AMERICA'S CITIZENS, CHILDREN AND LEADERS THROUGH ISRAELI BIOMED RESEARCH, INVENTION, APPLIANCES, ADVANCED PHARMACEUTICALS AND THERAPIES; and through ISRAELI CO-OPERATION WITH AMERICAN TECH GIANTS AND MILITARY FIRMS THAT EMPLOY TENS OF THOUSANDS OF AMERICANS, OF WHICH BOTH BUSINESSES AND EMPLOYEES PAY TAXES INTO THE U.S. TREASURY.... ARE NOT CONTRIBUTORY AND ABSOLUTELY VITAL TO AMERICA'S NATIONAL SECURITY INTERESTS, I WOULD ASK THEM, WHAT IS...
AND WHICH OTHER NATION CONTRIBUTES TO IT AS MUCH AS ISRAEL DOES?
QUESTION TWO: DOES THE UNITED STATES NEED ISRAEL?
NOT IF YOU VALUE YOUR FREEDOMS, CREATURE COMFORTS, HIGH PRODUCTION LEVELS, COMMUNICATIONS, HEALTH AND YOUR AND YOUR CHILDREN'S LIVES.
AM I TALKING TO A WALL?
Do Actions Speak Louder than Words? MAYBE.
What do We, the American People, really think?
THE ONLY IMPORTANT QUESTION LEFT:
WOULD BIBI NETENYAHU BEAT BARACK OBAMA IN 2012?
OH SHI-ITE!
Dr. Hanan Ashrawi, member of the Palestinian Legislative Council, reiterated previous statements by Palestinian officials that the US would cease supporting the Palestinian Authority if it refused to enter into direct negotiations with Israel in an interview with London-based Arabic newspaper Al-Quds Al-Arabi published on Saturday.
"They even threatened to isolate the Palestinians and cut off relations," Ashrawi was quoted as saying.
IS IT TIME WE STOPPED AID TO THE PALESTINIANS?
Fair Use Notice: This document may contain copyrighted material whose use has not been specifically authorized by the copyright owners. We believe that this not-for-profit, educational use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law). If you wish to use this copyrighted material for purposes of your own that go beyond fair use, you must obtain permission from the copyright owners. 
