Friday, January 15, 2016

A Sample From "Some Assembly Required"

If you do not read "Some Assembly Required" every day  --  you should.  Here is a sample of today's items.  Please follow link to original.

Alternate Reading: That President Obama offered to loan Joe Biden the money to help pay for the cancer treatments Joe's son needed so that the Biden home would not have to be sold speaks highly of Mr. Obama. That the Vice President of the US would have to sell or mortgage his home to pay for healthcare says a great deal about these United States, too.

Comes The Dawn: Someone besides me has stumbled onto the basic problem with the neolibearal approach to capitalism. If you look to increase your profits by reducing your employment costs, say by shipping factories overseas, and maintain your sales by extending easy credit to your customers, don't come crying to me when your customers – those folks who used to work for you – run out of credit and can no longer buy the crap you are making in China or Indonesia, and your stocks begin to fall. Like all free lunches, it turns out not to be free. Corporate profits keep collapsing, with 4Q2015 reports to be the worst since 2009. US Corporate defaults are at their highest since 2009 and – according to the less than impartial S&P - “the outlook for corporate borrowers worldwide is the worst since the global financial crisis”. Party on.

Morally Upright: Seem's Ted Cruz borrowed over a million bucks from Goldman Sachs during his 2012 Senate campaign and failed to report the loan (investment?) on his campaign finance reports. But it was just “an inadvertent filing” error. Nothing to be seen. Let's prey pray on it.

  The Slow Bern: Bernie is 14 points ahead of Hillary in NH. He's also picked up an endorsement from The Nation and the support of over 3,000 Democratic caucus operatives in Iowa. That may be why why the Clinton machine isspreading lies and innuendo about Sanders' promise to enact a single payer Medicare for All system. Maybe Hillary's so upset because the health care industry paid her nearly $3 million in the last 2 years to make sure nothing upsets their lucrative business.

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