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Bloomberg Bullish on McCain

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July 24, 2008 2:08 PM

ABC News' Teddy Davis Reports: New York Mayor Mike Bloomberg plans to reinject himself into the presidential campaign on Friday by talking up Sen. John McCain, R-Ariz., in a speech to the Independence Party of Minnesota.

Bloomberg plans to praise McCain's record of bucking his own party while stopping short of making an endorsement.

"I feel confident that there will be some positive statements about Sen. McCain," said party chair Craig Swaggert based on indications he began receiving from Bloomberg aides in "the last week or so."

A Bloomberg spokesperson did not quibble with Swaggert's expectation that the New York mayor will single out McCain for praise when he speaks to the party's $100 per head fundraiser. "We look forward to the speech in Minneapolis," said Lindsay Ellenbogen, a Bloomberg spokesperson. "I expect him to talk about effective independent leadership and leaders who exemplify it."

Last month, Bloomberg went to Florida and denounced what he called a "whisper campaign" linking Sen. Barack Obama, D-Ill., to Islam.

Before Bloomberg ruled out an '08 independent bid for president, Minnesota's Independence Party tried to draft him into the presidential race by circulating a petition.

McCain recently met with the chairman of Minnesota's Independence Party which will weigh this weekend whether to take the unusual step of making a presidential endorsement.

Swaggert said he finds Obama inspirational but he is disappointed that the Illinois Democrat has threatened to pull the United States out of the North American Free Trade Agreement (NAFTA) if Mexico does not go along with tougher labor and environmental standards.

"We really need to be part of a global economy," said Swaggert.

In an interview with ABC News, Swaggert praised McCain for breaking with his party on immigration, spending, and the environment.

"What we need right now," said Swagger, "is a leader who can focus on the major issues and bring the parties together to cooperate and move ahead rather than voting along ideological lines."

The presumptive Republican nominee, who has long enjoyed a positive relationship with Bloomberg, recently ingratiated himself by meeting behind closed doors with Joel Klein, the chancellor of the New York City school system. The Bloomberg speech takes place at Nicollette Island in Minneapolis at 9:00 am ET.

Later Friday, at a 3:00 pm ET press conference at the St. Paul Hotel, Bloomberg will join Pennsylvania Democratic Gov. Ed Rendell (in person) plus California Republican Gov. Arnold Schwarzenegger (via satellite) for a press conference calling on both parties to adopt an infrastructure plank to their party platforms.

This bipartisan group wants the feds to make "smarter, less politicized" investment decisions.

Minnesota was chosen as the site for this bipartisan platform push because the one-year anniversary of the Minneapolis bridge collapse is Aug. 1.

Bloomberg plans to take questions from the press at both events.

July 24, 2008 in Thompson, Fred | Permalink | User Comments (37)

User Comments

Bloomberg is very confusing. First he shows up at an Obama event now this?

Posted by: Hippemom | Jul 24, 2008 2:46:54 PM

Things must be going extremely well in NYC for Bloomberg to take a part in the National political scene. Yesterday speaking on behalf of Obama; tomorrow on behalf of McCain; maybe next Bob Barr and/or Ralph Nader. What a guy, having something nice to say for each unlike the McCain campaign who can only trash talk.

Posted by: Lou R | Jul 24, 2008 2:55:38 PM

The guy who picks up my trash will endorse him. He won't stop short, either . . . . .
This event is significant. We can name the new bridge, the McCain double cross.

Posted by: DAVID NH | Jul 24, 2008 2:57:29 PM

there is nothing that can save GOP from this lose.
They are losers
they pick disable loser.

Posted by: Linda,Fl | Jul 24, 2008 3:35:46 PM

Face it, Obama is tanking. Pretty soon even Massachusetts will be in play for the republicans.

When that happens, it will be 1980 all over again. Let's hear it for President McCain.

Then, we can get to work on replacing the leaders of the Democratic Party who tried to stuff this loser, Obama down our throats. Democrats had a clear path to the Whitehouse in 2008 had they chosen their strongest candidate - Hillary Clinton.

Posted by: s. valenti | Jul 24, 2008 3:52:46 PM

Would Barack Obama have gone to Berlin to give the speech he gave today if he had not defeated Senator Hillary Clinton----the answer is clearly no. Obama says he came as a citizen and not as a candidate for the Presidency yet he gives a “campaign speech”. His speech was nothing special, just big words and actually not well put. “I know that I don't look like the Americans who've previously spoken in this great city” obviously referring to the “race issue”. “The journey that led me here is improbable”, is what he is saying unlikely and unbelievable because I am from America where they have racism there. Is he telling the people of Berlin and the world if I do not win the Election it is because there is racism in America? Is that the message that he is sending to the world, not that he is inexperienced, young, with an ego the size of Mount Olympics. “That is why America cannot turn inward. That is why Europe cannot turn inward. America has no better partner than Europe.” Well America has many Allies that have stood and fought with us for freedom, giving the nod to Europe as the best is offensive to the other countries that maybe aren’t as big as Europe, but gave sacrifices and stood by America. Very disappointed in what I see and hear from a candidate that has not been elected by the people, and for the people---meaning he shouldn’t be representing America’s interests to all of these people with first being Elected by America.

Posted by: Anne | Jul 24, 2008 3:54:50 PM

"Bucking the trend of his own party?" Is he serious? McCain voted with Bush 95% of the time in 2007, 100% in 2008. I think if Mike looks closer he will see that McCain has since backtracked on a lot of his more mavericky moments, such as when he opposed Bush's tax cuts, correctly noting that it is absurd to cut taxes when we are at war. Now McCain is for the cuts (a Republican running on a platform of cutting taxes? Wow, that is bold). That's my mayor, I guess he's playing both sides against the middle, hedging our bets so to speak. I wish Bloomberg would simply show some guts and do what's right. If McCain wins we are screwed anyway, so there's no reason for him to take a position in order to prepare for that contingency. We are much better off if he throws his full-throated support behind Obama and bolsters his chances of getting elected, and to minimize the prospect of the global disaster that would ensue if McCain is elected.

Posted by: Bob Scofield | Jul 24, 2008 4:01:13 PM

Oh, Oh! Now Watch The Mainstream Liberal
Media Start Trashing Bloomberg!
Just Like they did to McCain!
McCain was the greatest until he
decided to run for president!
Now that he's going to say some good things about McCain you can expect the
Liberal Media to dig something up
on Bloomberg!

Posted by: reaganfan | Jul 24, 2008 4:05:05 PM

Hey Barack
I speak 3 languages to your one
many ammericans speak more than one language do not genralize us with your lack of commitment to learning a foreign language
Ich bin ein berliner is translated as i am a cake pastry
ich bin berliner - i am a resident of berlin

Posted by: karl | Jul 24, 2008 4:27:56 PM

Mccain is so funny first he asked Obama to got to the Middle East thinking he was going to somehow make a fool of himself. Then when his plan comes unglued by the Iraq Goverment when they agree with Obama on his timetable. Then Off to Jordan gets a ride personally from the KING ? Then knocks it out the box with Isreal and Palestine. Then in Germany today . This man really thinks he is going to be President. He is a old bitter man who has had his CARD pulled . I say by Nov 08 the Republicans are doomed this election no seat is safe NOV 08 will be the next liberation of our country .

Posted by: Nando, Florida | Jul 24, 2008 4:56:14 PM

Of course these people are behind McCain, the president will be their gravy train and they do not want anyone in office they can't control.

Don't be so dumb.

Posted by: becky | Jul 24, 2008 5:06:07 PM

Anne,
Thanks for your post. This idiot will not speak for us. He is not "Mr. President" and yet he acts like one! The pure reason Obama has in his mind is come to Berlin to sell his image only. Please check the polls from CNN website, the gap is closing and in some swing states John McCain is ahead of him!

Posted by: Lola | Jul 24, 2008 5:30:25 PM

Anne and Lola: I think you are Hillary supporters, which is fine. Please do not put "Would he have gone if Hillary won" in a sentence. How can you say he would not have gone?? No one knows this. I believe that if Hillary would have won, then YES, Obama probably would be making this speech today to help her win because we all know she could not do it on her own. This is why he won and not her. Get a life.

Posted by: becky | Jul 24, 2008 5:39:50 PM

A leopard cannot change his spots, even when he is a solid color, if you look closely you can still see the spots. McCain is trying to say he is not Bush's third term, but if you look closely, his voting record in the past has mirrowed Bush. Pay no attention to his solid color now that he is trying to woo voters. He still has those spots.

Posted by: William | Jul 24, 2008 5:56:57 PM

Perhaps all you Obamaniacs should check the most recent polls. Despite McCain's less than well run campaign, Obama is losing ground because American's are starting to understand that Obama is a flip flopping, ultra liberal egomaniac and he has nothing to offer except typical empty political rhetoric about change. He can't even admit he was wrong when the whole world is pointing it out to him. At least McCain does what he thinks is right and if it turns out the facts change then he will alter his opinion. Frankly I am glad the mainstream media is so over the top with their adoring coverage. It is making people so sick of seeing and hearing Obama that they will never vote for him in November

Posted by: Brenda | Jul 24, 2008 6:03:40 PM

Does anyone remember months ago when Obama met with Bloomberg and there was talk Bloomberg was behind Obama and might be his running mate. Ha! You people were suckered.

Posted by: a reader in ga | Jul 24, 2008 6:04:35 PM

Michael Bloomburg can be bullish on McCain all he wants, but that is not going to make a difference in this race. New York is still going to vote Democratic and he will then look like a fool for backing McCain. That will ruin his chances for 2012. You cannot play with fire and not expect to get burned occasionally.

Posted by: William | Jul 24, 2008 6:06:02 PM

Interesting,last week Bloomberg held a huge welcome affair for Senator Clinton and had nothing but praise, even though he never held a meeting with Clinton for at least a three years, including the primaries. This week he is praising McCain. Bloomberg is not stupid. I think he sees that Obama's narcissim and imaturity will cause him to tank, and Clinton may emerge for a fight against McCain.

Posted by: eviee | Jul 24, 2008 7:02:32 PM

WOW, yet another Democrat endorsing another Democrat... SO WHAT!?!

Posted by: jeez! | Jul 24, 2008 7:04:47 PM

Jeez, Don't be so naive. Bloomberg and Clinton have not held meetings for years, yet he showered her with praises as never before. Bloomberg doen't praise and hold a huge affair for just any democrat.

Posted by: eviee | Jul 24, 2008 7:13:58 PM

I do not understand Americans sometimes.
Isn't it great to have a great orator who was able to heal the tension between America and Europe, which from experience I can say is very real, and be proud and happy for the country?

Does it matter of what political ideology he is or that he is an America serving his country?

I am proud of Obama and very sorry that Blomberg whom i also like is turning on him.

Posted by: Andy | Jul 24, 2008 7:19:07 PM

For those who are still pining about Hillary Clinton, get over it! Americans are tired of both the Bush and Clinton families in American Politics. It's time for a drastic change!

Posted by: Frank | Jul 24, 2008 7:53:39 PM

New York Mayor Bloomberg's companies allowed numerous tax warrants, tax liens, Department of Labor judgments to occur that are scattered across the country from California to New York
Here are just several

at: webofdeception

Posted by: Robert Lewis | Jul 24, 2008 9:24:25 PM

He would make a good VP pick for Mccain.

Posted by: tww | Jul 24, 2008 10:15:19 PM

It is my strong belief that senator Obama will be the next President of United states America but by listening to news cast evry day and hear how senator MCcain talk and express Him-self, boy I am not the most intelligent person in this world but have come to conclude that Mr MCcain is suffer a "delirium" and some time I think is a Demagogue sincyrealy I dont mean to disrespect the senator I just hope He take a brake in then start frest in a few days after a visit to His brain Doctor for evaluation maybe I dont know word have meaning you know "czechoslovakia "just to name a few Hanestly I ryther have Mr mccain in good" brain" condition as a senator then have Him suffer a" delirium " as presidential candidate oke there can only be one Elected person Has president of the United state of America and so far Obama look "FIRM" "RESOLUTE""SOUND OFF" and "RELAX I like alls theses in a President and HE is " CLEVER yes very CLEVER " of corse His" CHARMING " and when needed I believe
Obama His a" DAVID "of the 21 century.God Bless America and all it's peoples.

Posted by: Ronald Roy | Jul 24, 2008 10:57:30 PM

He's only a "David"? You'd think he is offering a second life and free beer the way everyone is prostrating themselves be for him. PT Barnum was right after all, one every minute.

Posted by: mikewoolf9 | Jul 25, 2008 12:11:53 AM

Bloomberg for McCain; Warren Buffet for Obama. You do the math.

Posted by: clarity | Jul 25, 2008 12:55:11 AM

The more negative McCain is, the more I like Obama. You can see the hate in McCain's eyes for Obama when he speaks. I cannot trust someone that is that negative.

Posted by: mary | Jul 25, 2008 2:14:47 AM

I think it is McCain palling up to Bloomberg. McCain needs a proxy to show he is moving towards the center. He also needs someone with economics bona fides behind him after he had to toss Phil Graham.

Posted by: JoeC | Jul 25, 2008 7:47:55 AM

Bloomberg switched from the Republican party to an Independent. Smart man, knowing not to endorse John McBush.

Posted by: Joe Reed | Jul 25, 2008 8:41:29 AM

Obama is going to lose in November! Check out the most recent polls and the ones in the battleground states.

Past Dem candidates had huge leads now but lost in November, Obama and McCain are basically tied right now.

How is this possible in a Democratic year? You guys are sooooo dead....

Posted by: Mike | Jul 25, 2008 8:51:50 AM

Average Joe and Jane, who have been sitting silently through all of the pre-election hoopla, will soon quietly let his/her voice be heard as the lever is pulled for John McCain. John McCain, the All-American hero, will be our next President.

Posted by: FlaLady | Jul 25, 2008 9:47:59 AM

Karl,

As a speaker of several languages,including German, you are so correct. Ich bin Berliner is correct!

Posted by: Anne C | Jul 25, 2008 4:33:17 PM

You know Mike, and Flalady, I am afraid that you may be right and I don't understand it.

McCain votes with Bush 95% of the time. In the last eight years, our economy has gone from having a surplus of billions to having a deficit of trillions and our housing market is reeling from bank deregulation and greed.

McCain supports tax cuts for the top, wealthiest ONE PERCENT which will do NOTHING for us working stiffs. (I'm a poorly paid teacher, by the way. ;)

Yes, he's a war hero but he also has serious anger issues and has called his wife a c*unt in public and screamed f*ck you to senators in committee meetings. And we want HIM picking up that phone at three a.m.?

He supports the war in Iraq and 68% of Americans do NOT. If he and Bush are the national security experts, their only claim to success is that the troop surge is working in a country that shouldn't even have been invaded in the first place while our standing in the world has gone down the toilet due to our cowboy diplomacy and Al Qaida has grown stronger because we've been distracted.

Even McCain's policies in regard to global warming and health care are dissed by experts in those respective fields.

So WHY do "Average Joe and Jane" want to pull the lever for this guy? I honestly don't get it. What does he offer us? How will we be better off? How will anyone be better off? It seems that these days the only ones prospering are those who have benefited from questionable real estate and banking practices, those who have kept us reliant upon oil, and corporations associated with lobbyists.

I realize that I think from the perspective of a Dem, but I honestly really, truly don't understand. What does this guy offer middle America?

Posted by: gmarie | Jul 25, 2008 4:33:28 PM

I'd like to see McCain offer to Bloomberg
the VP position to run for on his ticket.
He could really use Michael Bloomberg to re-solidify the moderate and independent chops. The Bush crowd hasn't done McCain any favors - Rove and Romney will not help McCain. He needs to get smart and pick a genuine centrist like Bloomberg.
What a ticket! McCain/Bloomberg 08

Posted by: Ted Worthington | Jul 26, 2008 9:36:44 PM

WHOMEVER BLOOMBERG ENDORSES FOR PRESIDENT I HAVE DECIDED TO VOTE FOR THE OPPOSITE. BUSH AND BLOOMBERG NEW WORLD ORDER ARE ONE AND THE SAME.

Posted by: RENEE | Sep 25, 2008 4:59:20 PM

Amazing. The first ever global depression will go down in history horribly misunderstood. What a pathetic bunch of ignorant fools we have become. Consumer junkie credit card morons. Perfect little victims. Say that reminds me.

Don’t believe one optimistic word from any public figure about the economy or humanity in general. They are all part of the problem. Its like a game of Monopoly. In America, the richest 1% now hold ALMOST 1/2 OF ALL UNITED STATES WEALTH. Unlike ‘lesser’ estimates, this includes all stocks, bonds, cash, offshore accounts, and material assets held by America’s richest 1%. Even that filthy pig Oprah acknowledged that it was at about 50% in 2006. Naturally, she put her own ‘humanitarian’ spin on it. Calling attention to her own ‘good will’. WHAT A DISGUSTING HYPOCRITE SLOB. THE RICHEST ONE PERCENT HAVE LITERALLY MADE WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. Don’t fall for any of their ‘humanitarian’ CRAP. ITS A SHAM. THESE PEOPLE ARE CAUSING THE SAME PROBLEMS THEY PRETEND TO CARE ABOUT. Ask any professor of economics. Money does not grow on trees. The government can’t just print up more on a whim. At any given time, there is a relative limit to the wealth within ANY economy of ANY size. So when too much wealth accumulates at the top, the middle class slip further into debt and the lower class further into poverty. A similar rule applies worldwide. The world’s richest 1% now own over 40% of ALL WORLD WEALTH. This is EVEN AFTER you account for all of this ‘good will’ ‘humanitarian’ BS from celebrities and executives. ITS A SHAM. As they get richer and richer, less wealth is left circulating beneath them. This is the single greatest underlying cause for the current US recession. The middle class can no longer afford to sustain their share of the economy. Their wealth has been gradually transfered to the richest 1%. One way or another, we suffer because of their incredible greed. We are talking about TRILLIONS of dollars which have been transfered FROM US TO THEM. All over a period of about 27 years. Thats Reaganomics for you. The wealth does not ‘trickle down’ as we were told it would. It just accumulates at the top. Shrinking the middle class and expanding the lower class. Causing a domino effect of socio-economic problems. But the rich will never stop. They just keep getting richer. Leaving even less of the pie for the other 99% of us to share. At the same time, they throw back a few tax deductible crumbs and call themselves ‘humanitarians’. Cashing in on the PR and getting even richer the following year. IT CAN’T WORK THIS WAY. Their bogus efforts to make the world a better place can not possibly succeed. Any ‘humanitarian’ progress made in one area will be lost in another. EVERY SINGLE TIME. IT ABSOLUTELY CAN NOT WORK THIS WAY. This is going to end just like a game of Monopoly. The current US recession will drag on for years and lead into the worst US depression of all time. The richest 1% will live like royalty while the rest of us fight over jobs, food, and gasoline. So don’t fall for any of this PR CRAP from Hollywood, Pro Sports, and Wall Street PIGS. ITS A SHAM. Remember: They are filthy rich EVEN AFTER their tax deductible contributions. Greedy pigs. Now, we are headed for the worst economic and cultural crisis of all time. Crime, poverty, and suicide will skyrocket. SEND A “THANK YOU” NOTE TO YOUR FAVORITE MILLIONAIRE. ITS THEIR FAULT. I’m not discounting other factors like China, sub-prime, or gas prices. But all of those factors combined still pale in comparison to that HUGE transfer of wealth to the rich. Anyway, those other factors are all related and further aggrivated because of GREED. If it weren’t for the OBSCENE distribution of wealth within our country, there never would have been such a market for sub-prime to begin with. IF IT WEREN’T FOR THE OBSCENE, UNREASONABLE, AND UNJUST DISTRIBUTION OF UNITED STATES WEALTH, THERE NEVER WOULD HAVE BEEN SUCH A MARKET FOR SUB-PRIME AND THERE NEVER WOULD HAVE BEEN A COLLAPSE IN THE HOUSING MARKET. Sub-prime did not cause the problem. It only accelerated the outcome. Which by the way, was another trick whipped up by greedy bankers and executives. IT MAKES THEM RICHER. The credit industry has been ENDORSED by people like Oprah Winfrey, Ellen DeGeneres, Dr Phil, and many other celebrities. IT MAKES THEM RICHER. In fact, they specifically endorsed Countrywide by name. The same Countrywide widely responsible for predatory adjustable rate sub-prime lending and the accelerated collapse of the housing market. ENDORSED BY OPRAH WINFREY, ELLEN DEGENERES, AND DR PHIL. Now, there are commercial ties between nearly every industry and every public figure. IT MAKES THEM RICHER. It also drives up the cost for nearly every product and service on the market. So don’t fall for their ‘good will’ BS. ITS A LIE. If you fall for it, then you’re a fool. If you see any real difference between the moral character of a celebrity, politician, attorney, or executive, then you’re a fool. No offense fellow citizens. But we have been mislead by nearly every public figure. We still are. Even now, they claim to be ‘hurting’ right along with the rest of us. As if gas prices actually effect the lifestyle of a millionaire. ITS A LIE. IN 2007, THE RICHEST 1% INCREASED THEIR AVERAGE BOTTOM LINE WEALTH AGAIN. On average, they are now worth over $4,000,000 each. Thats an all time high. As a group, they are now worth well over $17,000,000,000,000. THATS WELL OVER SEVENTEEN TRILLION DOLLARS. Another all time high. Which by the way, is much more than the entire middle and lower classes combined. Also more than enough to pay off our national debt, fund the Iraq war for a decade, repair our infrastructure, and bail out the US housing market. Still think that our biggest problem is China? Think again. Its the 1% club. That means every big name celebrity, athlete, executive, entrepreneur, developer, banker, and lottery winner. Along with many attorneys, doctors, and politicians. If they are rich, then they are part of the problem. Their incredible wealth was not ‘created’, ‘generated’, grown in their back yard, or printed up on their command. It was transfered FROM US TO THEM. Directly and indirectly. Its become near impossible to spend a dollar without making some greedy pig even richer. Don’t be fooled by the occasional loss of a millionaire’s fortune. Overall, they just keep getting richer. They absolutely will not stop. Still, they have the nerve to pretend as if they care about ordinary people. ITS A LIE. NOTHING BUT CALCULATED PR CRAP. WAKE UP PEOPLE. THEIR GOAL IS TO WIN THE GAME. The 1% club will always say or do whatever it takes to get as rich as possible. Without the slightest regard for anything or anyone but themselves. Reaganomics. Their idea. Loans from China. Their idea. NAFTA. Their idea. Outsourcing. Their idea. Sub-prime. Their idea. High energy prices. Their idea. Oil ‘futures’. Their idea. Obscene health care charges. Their idea. The commercial lobbyist. Their idea. The multi-million dollar lawsuit. Their idea. The multi-million dollar endorsement deal. Their idea. $200 cell phone bills. Their idea. $200 basketball shoes. Their idea. $30 late fees. Their idea. $30 NSF fees. Their idea. $20 DVDs. Their idea. Subliminal advertising. Their idea. Brainwash plots on TV. Their idea. Vioxx, and Celebrex. Their idea. Excessive medical testing. Their idea. The MASSIVE campaign to turn every American into a brainwashed, credit card, pharmaceutical, medical testing, love-sick, celebrity junkie. Their idea. All of the above drive up the cost of living, shrink the middle class, concentrate the world’s wealth and resources, create a dominoe effect of socio-economic problems, and wreak havok on society. All of which have been CREATED AND ENDORSED by celebrities, athletes, executives, entrepreneurs, attorneys, and politicians. IT MAKES THEM RICHER. So don’t fall for any of their ‘good will’ ‘humanitarian’ BS. ITS A SHAM. NOTHING BUT TAX DEDUCTIBLE PR CRAP. In many cases, the ‘charitable’ contribution is almost entirely offset. Not to mention the opportunity to plug their name, image, product, and ‘good will’ all at once. Which is usually done just before or after the release of their latest commercial project. IT MAKES THEM RICHER. These filthy pigs even have the nerve to throw a fit and spin up a misleading defense with regard to ‘federal tax revenue’. ITS A SHAM. THEY SCREWED UP THE EQUATION TO BEGIN WITH. If the middle and lower classes had a greater share of the pie, they could easily cover a greater share of the federal tax revenue. They are held down in many ways because of greed. Wages remain stagnant for millions because the executives, celebrities, athletes, attorneys, and entrepreneurs, are paid millions. They over-sell, over-charge, under-pay, outsource, cut jobs, and benefits to increase their bottom line. As their profits rise, so do the stock values. Which are owned primarily by the richest 5%. As more United States wealth rises to the top, the middle and lower classes inevitably suffer. This reduces the potential tax reveue drawn from those brackets. At the same time, it wreaks havok on middle and lower class communities and increases the need for financial aid. Not to mention the spike in crime because of it. There is a dominoe effect to consider. IT CAN’T WORK THIS WAY. But our leaders refuse to acknowledge this. Instead they come up with one trick after another to milk the system and screw the majority. These decisions are heavily influensed by the 1% club. Every year, billions of federal tax dollars are diverted behind the scenes back to the rich and their respective industries. Loans from China have been necessary to compensate in part, for the red ink and multi-trillion dollar transfer of wealth to the rich. At the same time, the feds have been pushing more financial burden onto the states who push them lower onto the cities. Again, the hardship is felt more by the majority and less by the 1% club. The rich prefer to live in exclusive areas or upper class communities. They get the best of everything. Reliable city services, new schools, freshly paved roads, upscale parks, ect. The middle and lower class communities get little or nothing without a local tax increase. Which, they usually can’t afford. So the red ink flows followed by service cuts and lay-offs. All because of the OBSCENE distribution of bottom line wealth in this country. Anyway, when you account for all federal, state, and local taxes, the middle class actually pay about the same rate as the rich. The devil is in the details. So when people forgive the rich for their incredible greed and then praise them for paying a greater share of the FEDERAL income taxes, its like nails on a chalk board. I can not accept any theory that our economy would suffer in any way with a more reasonable distribution of wealth. Afterall, it was more reasonable 30 years ago. Before Reaganomics came along. Before GREED became such an epidemic. Before we had an army of over-paid executives, bankers, celebrities, athletes, attorneys, doctors, investors, entrepreneurs, developers, and sold-out politicians to kiss their asses. As a nation, we were in much better shape. Strong middle class, free and clear assets, lower crime rate, more widespread prosperity, stable job market, lower deficit, ect. Our economy as a whole was much more stable and prosperous for the majority. WITHOUT LOANS FROM CHINA. Now, we have a more obscene distribution of bottom line wealth than ever before. We have a sold-out government, crumbling infrastructure, energy crisis, home forclosure epidemic, credit crunch, weak US dollar, 13 figure national deficit, and 12 figure annual shortfall. The cost of living is higher than ever before. Most people can’t even afford basic health care. ALL BECAUSE OF GREED. I really don’t blame the 2nd -5th percentiles in general. No economy could ever function without some reasonable scale of personal wealth and income. But it can’t be allowed to run wild like a mad dog. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. UNBRIDLED CAPITALISM ABSOLUTELY CAN NOT WORK. TOP HEAVY ECONOMIES ALWAYS COLLAPSE. Bottom line: The richest 1% will soon tank the largest economy in the world. It will be like nothing we’ve ever seen before. The American dream will be shattered. and thats just the beginning. Greed will eventually tank every major economy in the world. Causing millions to suffer and die. Oprah, Angelina, Brad, Bono, and Bill are not part of the solution. They are part of the problem. THERE IS NO SUCH THING AS A MULTI-MILLIONAIRE HUMANITARIAN. EXTREME WEALTH MAKES WORLD PROSPERITY ABSOLUTELY IMPOSSIBLE. WITHOUT WORLD PROSPERITY, THERE WILL NEVER BE WORLD PEACE OR ANYTHING EVEN CLOSE. GREED KILLS. IT WILL BE OUR DOWNFALL. Of course, the rich will throw a fit and call me a madman. Of course, they will jump to small minded conclusions about ‘jealousy’, ‘envy’, or ’socialism’. Of course, their ignorant fans will do the same. You have to expect that. But I speak the truth. If you don’t believe me, then copy this entry and run it by any professor of economics or socio-economics. Then tell a friend. Call the local radio station. Re-post this entry or put it in your own words. Be one of the first to predict the worst economic and cultural crisis of all time and explain its cause. WE ARE IN BIG TROUBLE.

So what can we do about it? Well, not much. Unfortunately, we are stuck on a runaway train. The problem has gone unchecked for too many years. The US/global depression is comming thanks to the 1% club. It would take a massive effort by the vast majority to prevent it. Along with a voluntary sacrifice by the rich. THATS NOT GOING TO HAPPEN. But if you believe in miracles, then spend your money as wisely as possible. Especially in middle and lower class communities. Check the Fortune 500 list and limit your support of high profit/low labor industries (Hollywood, pro sports, energy, credit, pharmaceutical, cable, satelite, internet advertising, cell phone, high fashion, jewelry, ect.). Cancel all but one credit card for emergencies only. If you need a cell phone, then do your homework and find the best deal on a local pre-pay. If you want home internet access, then use the least expensive provider, and share accounts whenever possible. If you need to search, then use the less popular search engines. They usually produce the same results anyway. Don’t click on any internet ad. If you need the product or service, then look up the phone number or address and contact that business directly. Don’t pay to see any blockbuster movie. Instead, wait a few months and rent the DVD from a local store or buy it USED. If you want to see a big name game or event, then watch it in a local bar, club, or at home on network TV. Don’t buy any high end official merchendise and don’t support the high end sponsors. If its endorsed by a big name celebrity, then don’t buy it. If you can afford a new car, then make an exception for GM, Ford, and Dodge. If they don’t increase their market share soon, then a lot more people are going to get screwed out of their pensions and/or benefits. Of course, you must know by now to avoid those big trucks and SUVs unless you truly need one for its intended purpose. Don’t be ashamed to buy a foreign car if you prefer it. Afterall, those with the most fuel efficient vehicles consume a lot less foreign oil. Which accounts for a pretty big chunk of our trade deficit. Anyway, the global economy is worth supporting to some extent. Its the obscene profit margins, trade deficits, and BS from OPEC that get us into trouble. Otherwise, the global economy would be a good thing for everyone. Just keep in mind that the big 3 are struggling and they do produce a few smaller reliable cars. Don’t frequent any high end department store or any business in a newly developed upper class community. By doing so, you make developers richer and draw support away from industrial areas and away from the middle class communities. Instead, support the local retailer and the less popular shopping centers. Especially in lower or middle class communities. If you can afford to buy a home, then do so. But go smaller and less expensive. Don’t get yourself in too deep and don’t buy into the newly developed condos or gated communities. Instead, find a modest home in a building or neighborhood at least 20 years old. If you live in one of the poorer states, then try to support its economy first and foremost. Be on the lookout for commercial brainwash plots on TV. They are written into nearly every scene of nearly every show. Most cater to network sponsors and parent companies. Especially commercial health care. Big business is fine on occasion depending on the profit margins and profit sharing. Do your homework. If you want to support any legitimate charity, then do so directly. Never support any celebrity foundation. They spend most of their funding on PR campaigns, travel, and high end accomodations for themselves. Instead, go to Charitywatch.org and look up a top rated charity to support your favorite cause. In general, support the little guy as much as possible and the big guy as little as possible. Do your part to reverse the transfer of wealth away from the rich and back to the middle and lower classes. Unfortunately, there is no perfect answer. Jobs will be lost either way. Innocent children will starve and die either way. But we need to support the largest group of workers with the most reasonable profit margins. We also need to support LEGITIMATE charities (Check that list at Charitywatch.org). This is our only chance to limit the severity and/or duration of the comming US/global depression. In the meantime, don’t listen to Bernanke, Paulson, Bartiromo, Orman, Dobbs, Kramer, OReiley, or any other public figure with regard to the economy. They are all plenty smart but I swear to you that they will lie right through their rotten teeth. IT MAKES THEM RICHER. These people work for big business. The ‘experts’ they cite also work for big business. They are all motivated by their desire to accumulate more wealth. THEY WILL LIE RIGHT THROUGH THEIR ROTTEN TEETH. So don’t fall for their tricks. Instead, look at the big picture. The economic problems we face have been mounting for well over 20 years. All of them caused or aggrivated by a constant transfer of wealth from poorer to richer. Soon, it will cause the first ever GLOBAL DEPRESION. Its not brain surgery. Its simple math. Like I said, you are welcome to run this by any professor of economics or socio-economics. If thats not good enough, then look up what Einstein had to say about greed, extreme wealth, and its horrible concequences. I speak the truth. GREED KILLS. IT WILL BE OUR DOWNFALL.

Its already underway. A massive campaign to divert our attention. Trump, Buffet, OReiley, Dobbs, Pickens, Norris, and several other well known filthy rich public figures have been running their mouths about the economy. Finally admitting a hint of severity after almost 2 years of denial. They even have the nerve to acknowledge the possibility of a US/global depression. Still, they refuse to acknowledge the single greatest underlying cause. Remember: Our national debt was way up BEFORE sub-prime. Consumer debt was way up BEFORE sub-prime. The cost of living was up BEFORE sub-prime. Wall Street profits were obscene BEFORE sub-prime. The middle class were loosing free and clear assets BEFORE sub-prime. Our infrastructure was in bad shape BEFORE sub-prime. Loans from China were taken out BEFORE sub-prime. The dollar was loosing value BEFORE sub-prime. So don’t let these cowardly filthy rich public figures divert your attention or limit your range of thought. THE CURRENT ECONOMIC CRISIS WAS NOT CAUSED BY A SINGLE POLICY OR PROCEDURE. IT WAS CAUSED PRIMARILY BY A MASSIVE TRANSFER OF WEALTH FROM POOR TO RICH. OTHERWISE, THERE WOULD NOT HAVE BEEN SUCH A MARKET FOR SUB-PRIME AND THERE WOULD NOT HAVE BEEN A GLOBAL CREDIT CRUNCH. MONEY DOES NOT GROW ON TREES AND IT DOES NOT FLOAT AWAY. IT ONLY TRANSFERS FROM ONE PARTY TO ANOTHER. ALBERT EINSTEIN TRIED TO MAKE PEOPLE UNDERSTAND. GREED KILLS. IT WILL BE OUR DOWNFALL.

A word for those who respond with the usual ‘I know more than you. Look how smart, knowledgable, and articulate I am’ crap. Let me say this in advance. I don’t claim to be an expert in this field. But I did go on record with these predictions long before any public figure uttered the word ‘recession’. If you search long enough, you will find my early postings from ‘05′ and ‘06′. Including the first draft of this rant. Since then, I’ve gone on record against people like Greenspan, Bernanke, and Paulson. So far, my predictions have been accurate. Like I said. This is not brain surgery. For the mostpart, its simple math. When you concentrate the world’s wealth, you also concentrate its capital and shrink the middle class along with the potential market for every major industry. Homes go unsold. Bills go unpaid. Banks fail. More products go unsold. Jobs are lost. More banks fail. and so on. and so on. It happened 80 years ago. It will happen again. This time on a global scale. Throughout the cycle, the rich will tighten their grip. Concentrating the world’s wealth and resources even further and ensuring the collapse of every major economy worldwide. Think it can’t happen? Think again. GREED KILLS. IT WILL BE OUR DOWNFALL.

Another thing. I don’t want credit for any of this. Otherwise, I would have given my full name a long time ago. As far as I’m concerned, you can put this rant in your own words and take credit for all of it. I don’t care. Just spread the word. Otherwise, the greatest injustice of all time will go down in history unchecked.

By the way. The bailout won’t work. IT WON’T WORK. The plan fails to address the fundamental problem. The middle class don’t need more credit. They need a reasonable share of the economic pie. They also need a lower cost of living and a chance to catch their breath. Most of all, they need to wake up and see the truth. GREED KILLS. IT WILL BE OUR DOWNFALL.

Posted by: truxter | Oct 2, 2008 12:18:13 PM

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