A repository for Marcospinelli's comments and essays published at other websites.

Greek Protests Continue As Lawmakers Pass Severe Austerity Measures

Sunday, February 12, 2012


The Blindingly Obvious About Obama

1)  If Obama wins he will stop pandering to progressiv­es and liberals.  Since he never has to be reelected again, he'll be even worse than he was 2009-2011.  If you want anything from Obama, anything, get it before the election, don't believe promises, don't accept promises, accept cash only.  If Romney or Gingrich wins, well, it’s not going to be any better. SOPA and PIPA will be back in 2013 in some form, so will the pipeline enviros think they’ve killed.

2) Fracking is coming, bigtime, to somewhere near you.  Full steam ahead in 2013.  Bend over and kiss your groundwate­r goodbye. This is a bipartisan­, transnatio­nal consensus.

3) The Iran oil embargo is going to cause an economic clusterfri­ck if it actually happens.  Oil will go up at least $20.  The world (and US) economy can’t take that.

4) Europe’s austerity hasn’t worked.  It won’t work.  It can’t work.  At least if by “work” one means “produce growth and help ordinary people.”  However, it'll continue full speed ahead, because Eurocrats don’t give one g*dd@mn about European citizens, only about themselves­, and they know Euros aren’t going to impose a personal cost on Eurocrats.

5) There were coups in both Greece and Italy.  Private interests now run those countries.

6) We're on cruise control for war with Iran.  The oil embargo combined with freezing the Iranian central bank’s assets mean it is, currently, the plan.  Again, the world economy cannot handle an oil embargo against Iran.

7) The key economy in the world is China.  If China crashes, we're done.  China's in the position the US was in the 20s, it's the economy which is actually producing growth (or there are a few others, but it’s the main one) and the old world (Europe then, the Developed world now) doesn’t actually want growth, but wants to invest in China and make money that way. It didn’t work then, it won’t work now.

8 ) Business confidence is the expectatio­n of increased demand.  Austerity is the expectatio­n of decreased demand.  Austerity does not, will not, never has and never will restore business confidence­.


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Read the Article at HuffingtonPost

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