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Who Increased The Debt?

Posted by Michelle Moquin on October 6th, 2011


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Good morning!

I guess I’m into numbers lately.  Here’s a graph showing stats that I feel needs to be highlighted.

*********

Readers: Why the democrats don’t get out this information is so stupid. This is a powerful graph that is so illuminating. Robert once said that Reagan spent more money than all of the other presidents combined.

Helloo…the ones that claim they are “fiscally conservative”, are the ones who are getting us in debt. So…who’s the cap and spend party?

Before I sign off, I just want to give a nod to Steve Jobs. No doubt he was a genius. Jobs has made a profound difference in the lives of many.

On the one hand, he gave us incredible technology that allows us to communicate in so many ways…technology that allows us to play, makes our work easier, and gives us a platform to interact with the world around us. I love my Mac and with my recent upset of being Mac-less for a few weeks, I can honestly say that I am pretty lost without it. For all of those reasons and more,  I am grateful that Jobs continued to pursue and master his passion.

But on the other hand, in my opinion, greed got the best of him. He had so much influence…so much reach globally. I wish that he could’ve been more socially responsible early on in his game. He could’ve had a profound affect on the way women are treated in this world had he been more sensitive to the atrocities that women endure daily, especially with respect to Congo, where he and other tech companies sourced minerals for their machines.

It wasn’t until this past February…250 million iphones later, over 10 years of illicit trade of minerals, 5.4 million dead, and over 200,000 women and girls raped and sexually assaulted since 2006 in Congo, that Jobs began to even take a positive step and map conflict minerals in the massive production of his products. It was a first step, but one that I believe was inspired by public pressure and not necessarily from human care and kindness.

Unfortunately for most of Jobs career, Jobs cared more about creating the latest new tech machine…the latest iPhone and iPad etc. Instead of caring about those that were dying daily, in my opinion, Jobs funded the atrocities in support of these precious minerals, caring more about money than precious human life.

One can say Jobs was a great inventor. One can say that he was a great innovator. One can say he was many great things, but I would never call him a great man.

 

Thoughts? Blog me.

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20 Responses to “Who Increased The Debt?”

  1. Carrie Says:

    Thank You Michelle :

    Your assessment of Steve Jobs was bold, brave and brilliantly presented. Jobs was guilty as charged. Like so many men, money and dominance mattered most. He was content that his legacy be that he dominated his industry rather that he influenced that industry to change the way they did business with third world countries.

    Thank you for being brave enough to go against the hero worshiping men are putting down about him. But actually from you I would expect nothing less.

    Carrie

  2. General Info Says:

    9 Tools You Probably Don’t Own—But Should

    Sandor Nagyszalanczy

    A well-stocked tool kit helps you complete household fix-it projects more quickly and easily. Having the right tools can save you money, too, because you will be less likely to need to call a plumber or carpenter to do the job for you.

    And you’re less likely to injure yourself or do costly damage to your home during do-it-yourself attempts.
    Nine tools for $50 or less that all home owners should own but often don’t…

    CUTTING TOOL

    Japanese-style handsaw. This allows you to cut with much less effort than other handsaws do because it cuts on the pull stroke rather than the push stroke.

    Cutting on the pull stroke makes a saw less likely to get stuck and bend, which means that the blade can be made from thin metal.

    Thin blades displace less wood and thus require less muscle power. The teeth also cut more aggressively than traditional saws.

    Example: Vaughan Bear Saws are well-made, and most feature easy-to-replace blades. Prices typically range from $15 to $30, depending on the size (www.HammerNet.com).

    TWISTING TOOLS

    Basic wrenches and screwdrivers have their place, but sometimes there are better options…

    Strap wrench. This consists of a length of durable rubber (or occasionally leather or nylon) attached to a plastic or metal handle.

    You loop the rubber strap around something that screws into place, such as a piece of pipe or a plumbing fixture… you pull the strap tight to create a firm grip… then you turn the wrench to tighten or loosen the part.

    Strap wrenches also can be used to loosen stuck faucet knobs and jar lids. Unlike conventional wrenches, they generally will not scratch the item being turned.

    Example: Craftsman 12-inch-diameter strap wrench sells for around $15 at Sears (www.Craftsman.com).

    Ratcheting box wrench. With a conventional wrench, much time is wasted removing the wrench between turns, then putting it back in place.

    But with a ratcheting box wrench, you slip the ring end over the top of a nut just once, then simply ratchet back between turns.

    Ratcheting socket wrenches with removable sockets can do this, too, but they tend to be bulky and often won’t fit into tight spots.

    Modern ratcheting box wrenches are barely larger than conventional wrenches.

    Examples: Craftsman offers good quality at a reasonable price. Expect to pay $40 for a set of five.

    Professional-quality Snap-on (www.Snapon.com) or Matco (www.MatcoTools.com) box wrenches sell for $100 for a set of four or five box wrenches.

    Locking pliers. Conventional pliers stay in place only as long as you hold them there. Locking pliers—also known as Vise-Grips, the name of the best-known brand—maintain a secure grip until they are removed.

    That can be very useful when you need to hold something in place but also need your hands free for other purposes…
    or when holding a wrench in place by hand would mean maintaining an uncomfortable position.

    Some home owners have one pair of locking pliers, but it’s worth buying at least three or four in different sizes and with different jaw shapes so that you can get a grip on objects of all dimensions.

    Example: A three-piece set of Vise-Grip locking wrenches sells for around $35. The set features a six-inch needle-nose pair, a seven-inch flat-jaw pair and a 10-inch round-jaw pair (www.Irwin.com/tools/brands/vise-grip).

    POUNDING TOOLS

    Two pounding tools that every home owner should have…

    Dead blow mallet. Most mallets have rubber or plastic heads that are designed not to leave a mark. A dead blow mallet’s head contains lead shot.

    The momentum of this shot reduces the rebound when the mallet is struck, transferring more force to the surface where it’s needed and reducing the risk for injury or property damage from mallet bounceback.

    Dead blow mallets are the perfect tool for banging stuck cabinet drawers, bumping hubcaps into place or pounding tight-fitting parts into position when assembling furniture or children’s toys.

    Example: Most home centers and hardware stores stock a 24- to 28-ounce dead blow mallet for around $20. Brand is not terribly important.

    10- to 12-ounce hammer. Most home owners buy big hammers—16 ounces or heavier—

    but small hammers are sufficient for most household projects, easier to swing in tight spots and less likely to cause major damage if they hit a wall or a thumb.

    Example: The Vaughan 10-ounce “Little Pro” hickory-handled hammer is well-made and just the right size. It sells for around $20 (www.HammerNet.com).

    ADDITIONAL TOOLS

    Three more tools worth owning…

    Speed square. This simple triangular measuring tool, also known as a “pocket square,” is a quick and accurate way to mark a 90° or 45° angle. Every carpenter owns one, but very few noncarpenters do.

    Example: Swanson seven-inch Speed Square generally sells for less than $10 (www.SwansonToolCo.com).

    Adhesive transfer tape applicator. Adhesive transfer tape is like glue, only much easier and cleaner to use.

    The applicator rolls out a one-quarter-to-three-quarter-inch-wide transfer tape like a conventional tape dispenser, leaving only adhesive.

    The result is comparable to using glue—only with no mess and no worries about applying it evenly. It’s an extremely versatile and effective way to stick things together.

    Depending on the type of transfer tape selected, it can be used to temporarily hang decorations on a wall or window… or permanently bond items, including paper, cardboard, wood or plastic.

    Example: The Scotch ATG 700 Adhesive Applicator typically sells for $50 to $70 (www.Shop3M.com).

    Rolls of adhesive transfer tape generally cost $3 to $10, depending on size and type selected, in craft stores or from packing-supply companies such as Uline (www.Uline.com).

    Electrical checker. This small, inexpensive device sounds an alert when it senses nearby electrical current, even if that current is in a wire that’s behind a wall.

    It is not foolproof, but it reduces the odds of electrocution when working with a home’s wiring or when cutting into a wall that could have live wires hidden behind it.

    Example: The Circuit Alert Non-Contact Voltage Tester from Gardner Bender typically sells for less than $15 (www.GardnerBender.com).

    Personal interviewed Sandor Nagyszalanczy, a furniture designer and tool consultant based in Bonny Doon, California.

    He is a former senior editor of Fine Woodworking magazine, a 10-time winner of the Golden Hammer award for excellence in home and workshop writing, and author of The Homeowner’s Ultimate Tool Guide: Choosing the Right Tool for Every Home Improvement Job (Taunton).

  3. Zen Lill Says:

    Hi Mischa, yes good assessment of Jobs, and his family has my condolences anyway..

    Boggzy, I heah ya and I will act as needed, re: change (of any kind) I say: bring it on, I have zero resistance to change of all kinds : ) thanks for the link.

    Luv, Zen Lill

  4. Zen Lill Says:

    Luv the graph, too, and you’re right, why isn’t this posted along with dem election info? Its a great selling point about out supposed ‘fiscal conservatives’ – ZL

  5. Quo Says:

    All ambitions are lawful except those which climb upward on the miseries or credulities of mankind.

    Joseph Conrad, “A personal Record”

  6. Mike Says:

    Michelle, this is so sick. The republicans are using this message to put Obama into the hunting sights of some insane racist.

    It is so inflammatory that if it was used against a white President it would cause the Secret Service to visit these creeps. But shamefully my race knows they can get away with this.
    ====================
    Conservative author Dinesh D’Souza has provoked a firestorm of controversy with his latest bestseller, The Roots of Obama’s Rage.

    D’Souza, who is Indian-born, has been denounced as a racist, liar and much else. Even former White House press secretary Robert Gibbs joined in the name-calling.

    Meanwhile, GLENN BECK has touted the book on his radio and television shows, insisting that “the White House doesn’t want you to read The Roots of Obama’s Rage, but you must read this book… Pick it up today!”

    So, what’s all the fuss about? We’ve prepared a short audio presentation to tell you more about it.

    Just click here to listen to some of the shocking revelations in Dinesh D’Souza’s brilliant bestseller The Roots of Obama’s Rage — and to get your FREE copy today.

    //members.humaneventsonline.com/visitor.php?offer=2555
    ================
    My race uses a sell out OTW to make their racist accusations against Obama from a safe distance.

    Then they pretend to give the book away will selling their Human Events trash to the deluded.

    I am appalled. This is just plain sick!

    Mike

  7. Human Events Says:

    279
    No. 279 of 365

    Ask why it is that liberals have such a problem with civil rights and people of color.
    Republicans—founded as the anti-slavery party.

    Democrats—wanted to keep blacks in slavery; passed the discriminatory Black Codes and Jim Crow laws; started the Ku Klux Klan.

    William Wilberforce (the Briton who campaigned for the abolition of slavery)— a Tory (conservative) Member of Parliament.

  8. Holly Says:

    I’m posting this today in honor of AH, whose colorful historical postings have been missing, IMHO.

    On this date in 1767, Henri Christophe was born. He was a West African slave and became an early black king in the Western Hemisphere (Haiti).

    Christophe was born on the island of Grenada, a British colonial acquisition. His parents were slaves brought to Grenada with thousands of other West Africans to work in the sugar industry. These slaves in the sugar industry were known for their fierce and determined nature to resist the institution of slavery. The revolutionary nature of Henri Christophe has its roots deeply embedded in his African ancestry. Christophe’s obstinate, argumentative, and obdurate nature led his father to sell his services to a French ship’s captain as a cabin boy, before had reached the age of ten.

    The ship’s captain sold Henri to a French sugar planter in the French province on the island of Saint Dominique called Haiti, which was a Carob Indian name meaning “the land of the mountains.” The brutality of the French planters led to much discontent among the slaves in Haiti. These acts of brutality were witnessed by Christophe and set the stage for his role in the Haitian revolution. He participated in the American Revolutionary War in the French contingent. As a sergeant, he was among the 545 Haitian free Negroes known as the Fontages Legion. Fighting to make men in another country free from oppression created a thirst for freedom within Christophe.

    In June 1794, the Spaniards and the English who wanted to share the wealth created by the sugar industry threatened Haiti. The Spaniards constituted the greatest threat and a battle for control of Haiti ensued. The three principal figures in the Haitian revolution were Toussaint L’Overture, Jean Jacques Dessalines, and Christophe. Toussaint joined the French forces against the Spaniards, became a general of the slaves, and marched to several villages, liberating his brothers who immediately joined his forces. After distinguishing himself in battle, Christophe was made a sergeant by Toussaint and later made a general by Dessalines.

    The French forces were defeated and Haiti was declared an independent republic on November 27, 1803. The Republic of Haiti was divided into two states, and Christophe was elected president of the Northern State in February of 1807, and Alexandre Petion was elected president of the Southern Republic of Haiti in March. The division between the republics was to last for a decade. President Christophe set out to improve all aspects of life in the Northern Province. One of his major concerns and preoccupations was the defense of his country from internal and external aggression. He had a huge fortress built on a mountain peak overlooking the Le Cap harbor, 3,000 feet above the sea. The citadel was named “la Ferriere,” which means the blacksmith’s pouch.

    The huge stronghold, which still exists today, was built in the shape of a ship, covering 16 acres, with some of the walls soaring 140 feet high. The education of the Haitians was Henri Christophe’s second priority. He solicited teachers from the United States and Britain to build schools. This ultimately raised the former slaves to a literacy level unequaled in the Western Hemisphere. To continue the improvement of Haitian life, Christophe decided to improve a black kingdom in the Western Hemisphere. At a council of state on March 28, 1811, he declared Haiti a kingdom, with himself as King Henri I. Christophe offered the ruler of the south, Alexandre Petion, the opportunity to be absorbed. Petion refused and the relationship between the two men and their respective countries remained strained until Petion’s death in 1818. In August 1820, Christophe suffered a stroke that left him partially paralyzed.

    When the news spread of his infirmities, the seeds of rebellion began to grow. On October 2, 1820, the military garrison at St. Marc led a mutiny that sparked a revolt. The mutiny coincided with a conspiracy of Christophe’s own generals. Some of his trusted aides took him to the Citadel to await the inevitable confrontation with the rebels. Christophe ordered his attendants to bathe him, dress him in his formal military uniform, place him in his favorite chair in his den, and leave him alone.

    Shortly after the attendants left his side, Christophe committed suicide by shooting himself in the heart with a silver bullet on October 8, 1820.

    Reference:
    The African American Desk Reference
    Schomburg Center for research in Black Culture
    Copyright 1999 The Stonesong Press Inc. and
    The New York Public Library, John Wiley & Sons, Inc. Pub.
    ISBN 0-471-23924-0

    —-

    Here’s a link if you would like to see the massive stone structure, Citadelle Laferrière, built by a reported 20,000 workers between 1805 and 1820. Today, the Citadel is one of Haiti’s most popoular tourist destinations.
    http://en.wikipedia.org/wiki/Citadelle_Laferri%C3%A8re

  9. Holly Says:

    I should have said time travel postings, not historical postings. My sincerest apologies, AH.

  10. Robert Says:

    A guy wants to get you to refinance or buy a property. He gets a trusted real estate appraiser to tell you in writing that the property is worth way more than it is.

    He also gets the housing industry’s trusted appraisers to imply that the value of property such as yours will increase in value. You refinance or invest a great deal of money in the property.

    Later the property actually drops in value and you lose everything. You discover later that the value of the property was bogus and that the guy paid off the appraiser.

    You also discover that the guy had a side bet that the bogus inflated value of the property would drop like a stone, and the guy made a ton of money on the insurance pay off from that side bet.

    The business of the guy who conned you is about to collapse. He gets a bale out from the government and buys himself a new mansion and puts the rest into the bank.

    Welcome to Wall Street, 2008.

    Some necessary history about Wall Street’s bankers and investment brokers past theft of the American people’s money in 1929 that is remarkably similar to what they did in 2008.
    =========================
    In 1933, in the wake of the 1929 stock market crash and during a nationwide commercial bank failure and the Great Depression, two members of Congress put their names on what is known today as the GLASS-STEAGALL ACT (GSA).

    This Act separated investment and commercial banking activities.

    At the time, “improper banking activity”, or what was considered overzealous commercial bank involvement in stock market investment, was deemed the main culprit of the financial crash.

    According to that reasoning, commercial banks took on too much risk with depositors’ money.

    REASONS FOR THE ACT – COMMERCIAL SPECULATION

    Commercial banks were accused of being too speculative in the pre-Depression era, not only because they were investing their assets but also because they were buying new issues for resale to the public.

    Thus, banks became greedy, taking on huge risks in the hope of even bigger rewards. Banking itself became sloppy and objectives became blurred.

    Unsound loans were issued to companies in which the bank had invested, and clients would be encouraged to invest in those same stocks.

    EFFECTS OF THE ACT – CREATING BARRIERS

    Senator Carter Glass, a former Treasury secretary and the founder of the U.S. Federal Reserve System, was the primary force behind the GSA.

    Henry Bascom Steagall was a House of Representatives member and chairman of the House Banking and Currency Committee.

    Steagall agreed to support the act with Glass after an amendment was added permitting bank deposit insurance (this was the first time it was allowed).

    As a collective reaction to one of the worst financial crises at the time, the GSA set up a regulatory firewall between commercial and investment bank activities, both of which were curbed and controlled.

    Banks were given a year to decide on whether they would specialize in commercial or in investment banking.

    Only 10% of commercial banks’ total income could stem from securities; however, an exception allowed commercial banks to underwrite government-issued bonds.

    Financial giants at the time such as JP Morgan and Company, which were seen as part of the problem, were directly targeted and forced to cut their services and, hence, a main source of their income.

    By creating this barrier, the GSA was aiming to prevent the banks’ use of deposits in the case of a failed underwriting job.

    ADDING MORE PROTECTION AGAINST POTENTIAL BANK FRAUD AND GREEDY SPECULATION

    Despite the lax implementation of the GSA by the Federal Reserve Board, which is the regulator of U.S. banks, in 1956, Congress made another decision to regulate the banking sector.

    In an effort to prevent financial conglomerates from amassing too much power, the new act focused on banks involved in the insurance sector.

    Congress agreed that bearing the high risks undertaken in underwriting insurance is not good banking practice.

    Thus, as an extension of the GLASS-STEAGALL ACT the BANK HOLDING COMPANY ACT further separated financial activities by creating a wall between insurance and banking.

    Even though banks could, and still can, sell insurance and insurance products, underwriting insurance was forbidden.

    THE PURCHASING OF SENATOR PHIL GRAMM AND HOUSE REP. JIM LEACH BY THE SUPER RICH.

    The New Rules of the Gramm-Leach-Bliley Act

    The limitations of the GSA on the banking sector made it extremely difficult for the thieves on Wall Street to profit from a scam where they controlled all the factors needed to convince an investor that his/her investment was sound.

    To profit from the scam they needed to be able to invest in the scam legally. At the time GSA prevented them from being able to invest in those areas.

    So they bought off Gramm and Leach who promptly when about telling everyone that this new area meant that competition would be enough to motivate banks to regulate themselves.

    Consequently, to the delight of many in the banking industry (not everyone, however, was happy), in November of 1999 Congress repealed the GSA with the establishment of the Gramm-Leach-Bliley Act, which eliminated the GSA restrictions against affiliations between commercial and investment banks.

    Furthermore, the Gramm-Leach-Bliley Act allows banking institutions to provide a broader range of services, including underwriting and other dealing activities.
    ========================
    Following the repeal of GLASS-STEAGALL the banks and investment housed created and sold high-risk securities (CDOs).

    They paid rating agencies (Moody’s, etc) to create false AAA ratings and sold those CDOs backed by those false ratings on the open market.

    They also purchased insurance-­backed securities that made money when CDOs made money, but the insurance would pay if the CDOs didn’t make money.

    The bankers did not tell their investors that the CDOs were worthless. Hence they stood to make money from the sell of the worthless CDOs and the insurance-backed securities based on the value of a CDO.

    The scam was perfect. The banks made money from the sale of their bogus CDOs and they made money when the insurance companies paid when their bogus CDOs tanked because they were backed by insured securities.

    Neither the INVESTOR who purchased the CDO, nor the INSURANCE COMPANY who sold the insured-backed securities based on the bogus CDOs knew they were being scammed.

    The banks and the investment brokers KNEW the CDOs were worthless because it was their scam. The Gramm-Leachy Act had given them the power to control all the players in the scam and allowed them to profit from the scam.

    The same scam the banks ran in 1929. A similar scam McCain was part of in the late 1980s called the Keating Five Savings and Loan real estate rip off.

    The Bush boys along with BCCI used a similar real estate scam to defraud depositers of $10 billion in the ’80s in what has been called the “largest bank fraud in world financial history” by former Manhattan District Attorney Robert Morgenthau.
    ======================

    Flash forward to 2008, Americans lost everything when the market collapsed. The Bush administration gave the victims tax money to the same crooks that had fleeced them because the crooks convinced them their companies were about to collapse and their companies collapse would bankrupt the nation.

    Instead of sending the money back to the investors who they had fleeced, the bankers and investment brokers paid themselves record bonuses.

    If one fails to learn from history, he/she is destined to repeat it. 1929 ,1980, 1990, or 2008, it doesn’t matter, the crooks will do it again, and again if the government doesn’t regulate them so that they cannot.

    Robert

  11. Health info Says:

    Make Older Relatives Comfortable at Family Gatherings

    Rheta Rosen, PhD

    There are several things you can do to make the oldest members of your extended family more comfortable at family get-togethers.

    First, offer to drive them to your home if they need assistance. Grandchildren who recently obtained their driver’s licenses may be willing to help—which can lead to intergenerational bonding.

    Also, seat older people with physical challenges appropriately—for instance, place someone with hearing loss close to a person who can repeat parts of conversations to him/her.

    And, ask older adults about their life experiences so that they feel included in conversations.

    Consider bringing out old photograph albums for everyone to review and discuss together—another bonding experience.

    Personal interviewed Rheta Rosen, PhD, coordinator, Interpersonal Skills Teaching Centre, Ryerson University, Toronto.

  12. Harold Says:

    Nice read Robert. But someone needs to focus on the Bush family savings and loan scam that cost the american people trillions of dollars.

    Bush bought Reagan and ran the government as the VP. It was repeated by chaney with his son bush.

    This is a family that Is as lethal as any mafia family. They have surely caused more deaths and stolen more money.

    Harold

  13. AH Says:

    Thank You for thinking of us Miss Holly and no apologies are necessary. We have been busy attempting to visit the future. No such luck.

    I guess the TAO have their limitations also. Bita and I want to return to time surfing. We will as soon as Adam is convinced that he has made the grand effort.

    AH

  14. Jerry Says:

    Michelle, what’s with the dems? Why don’t they call the republicans on their lies more often?

  15. From The Desk of Anonz Says:

    Monsanto is one of the companies the Bush Family has been involved with for decades. It has received preferential treatment because of the Bushes political connections which they pay generously for.

    The company is literally poisoning the entire planet, Its people, marine life and vegetation.

  16. Belinda Says:

    Could it be the Dems are getting some gumption?
    —————————————–

    WASHINGTON — Senate Majority Leader Harry Reid (D-Nev.) led Democrats in a precedent-setting move on Thursday evening, shutting down an effort by Senate Minority Leader Mitch McConnell (R-Ky.) to hijack the floor and force the chamber to move away from debate on Chinese currency manipulation and instead vote on President Obama’s American Jobs Act.
    ——————————-
    Let’s hope this is not a fluke.

    Belinda

  17. Human Events Says:

    Three weeks into the “Occupy Wall Street” protests, the disorganized mob of shiftless protesters is receiving fresh shock troops from Big Labor. An article at Business Insider lists the new arrivals: “United NY, SEIU 1199, United Federation of Teachers, Working Families Party, and MoveOn.org. The Transit Workers and AFL-CIO are also expected to participate.”

    The protesters romantically bill themselves as anarchists, which has attracted some lovestruck admirers from the dreary conventional Left. On the contrary, those union thugs are pouring into Wall Street because they understand that anarchy is the handmaiden of tyranny. Anarchist movements are never followed by increased liberty.

    The first wave of OWS protesters will hardly be unwilling victims of the organized hard-Left takeover. They’ve been on the same page all along. They’ve got a website, and they eventually got around to posting a long manifesto of demands required to “end the occupation.” All of these demands require the exercise of compulsive government force on a massive scale.

    From “free” education and health care, to guaranteed “living wages,” the forced abandonment of fossil fuels, and the forgiveness of all debt on a planetary scale, these demands would require the forcible seizure of private property, and the compulsion of “desirable” behavior by an immense government of nearly limitless power. Far from agitating for any species of liberty, even the kind envisioned by the hopelessly lazy and disaffected, these protesters are demanding the final dissolution of economic liberty.

    Occupy Wall Street sounds stupid and crazy , but there are people like the AFL-CIO, and the degenerate hard-left Democrat Party, who have plenty of uses for stupid and crazy foot soldiers, after “liberal thinkers” and helpful media allies have cleaned them up a bit. — John Hayward

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