American Households net worth two-thirds of what it was during Bush

How about a feel good moment as we trundle off to work on a Monday morning? Too bad there is no one out there who can articulate the info. Just saying. Meanwhile revenues to the government via taxes hit an all time record. I would say the Obamabots should be wearing a smile on their faces. Everything right on schedule with this redistribution thing. Class warfare should commence at anytime now.

The median household net worth under Obama declined one-third what it was during the Bush years.

Under Barack Obama American households are worth two-thirds of what they were worth under George W. Bush.
The New York Times reported:

Economic inequality in the United States has been receiving a lot of attention. But it’s not merely an issue of the rich getting richer. The typical American household has been getting poorer, too.

The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline,according to a study financed by theRussell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.

The Russell Sage study also examined net worth at the 95th percentile. (For households at that level, 94 percent of the population had less wealth and 4 percent had more.) It found that for this well-do-do slice of the population, household net worthincreased 14 percent over the same 10 years. Other research, by economists like Edward Wolff at New York University, has shown even greater gains in wealth for the richest 1 percent of households.

Countries who like us and Countries who don’t – a nice surprise!

An interesting poll was conducted by Pew Research surveying the world and the love/hate they have for the United States. Pew has a pretty good reputation, and if true, this should give us a lift. If true, then there is much of the world who admires us and believes we are more than a free handout. Now if they would just get their governments on board. So guys, why don’t you throw the bums out? Well worth the full read and analysis.

France makes the list of top 10 fans of the U.S. and Germany makes the list of the top 10 critics.

A decade ago anti-Americanism was on the rise around the world, in large part thanks to public opposition to the U.S. invasion of Iraq. Today, despite recent revelations of U.S. National Security Agency spying on foreign leaders and global opposition to U.S. drone strikes, there is little evidence of profound anti-Americanism except in a handful of countries, according to a new Pew Research Center survey of 44 nations. Foreigners’ love affair with the United States remains strong in Africa and most of Asia, Europe and Latin America. But who likes Uncle Sam, who doesn’t and whose affections are evolving paints a pretty accurate road map of the overseas challenges facing Washington in the years ahead.

Snip-

But there are still corners of the world where America is held in high regard. In European countries surveyed, half or more of the publics in seven of nine nations say they see the U.S. in a positive light. Top of the list are Italians (78%), French (75%) and Poles (73%). Only in Germany, where U.S. favorability is down 13 points since 2009, has the positive image of the United States slipped significantly. And, despite this slippage, roughly half of Germans (51%) still see America favorably.

The U.S. is also feeling the love from Latin America, where majorities see the U.S. in a favorable light in eight of nine countries surveyed. Salvadorans (80%) are particularly positive in their assessment, as are Chileans (72%) and Nicaraguans (71%). Notably, despite all the tensions between Washington and Caracas, more than six-in-ten Venezuelans have a favorable opinion of the U.S.  Ed. Now that is a surprise!

FT-2014-07-15-likeAmerica-01

More over at Pew Research and another interesting interactive poll: Pew Global  lets you explore public opinion in countries around the world on a range of issues and attitudes.

Kerry on ‘hot mike’, blasts Israel and thinks he can change the world

If we thought Obama and his narcissistic behavior was over the top, we now have Kerry emulating his master. Anyone who caught the interview on Fox with this smug, arrogant man can only wonder who does he think he is? He apparently thinks he can snap his fingers, get on a plane and the world gets down on bended knee to another “great one.” Israel must really be feeling secure these days.

Published on Jul 20, 2014

Kerry: “It’s a hell of a pinpoint operation. It’s a hell of a pinpoint operation.”

 

 

Sunday Respite: Hillary Clinton at her best

Something for a Sunday respite. Hint for Hillary and her wizardry: Medvedev was simply a puppet of Putin. Does she really believe what she says? Yes, so look where we are. Oh shucks, Putin invaded another country, murdered about 300 souls, but other than that.

The second clip takes a strong stomach, so just a few moments is all that is necessary.

 

QUESTION: “You famously pressed the reset button. Are you embarrassed by that now, that gesture?”

CLINTON: “No I think it was a brilliant stroke which in retrospect it appears even more so, because look at what we accomplished.Between the Russian invasion of Georgia in August 2008, which of course torpedoed relations between United States and the Russia for good reason. We come into office, and for that period of time, the interregnum if you will, Medvedev is President, Putin is Prime Minister, and there were jobs that we wanted to get done. We wanted to get Russia on board with tough sanctions against Iran. We wanted to have a new START Treaty to limit nuclear weapons. We wanted to get their help in transiting across through huge country to get things we needed into Afghanistan. We got all that done. Putin comes back. Look where we are now. He invaded another country, so yes, but while we had that moment, we seized it, we used it, and succeeded.”

Hillary just can’t get over the hoot of the night. Think about having to hear this on a steady diet.

Malaysian plane crashes, Rebels confess, Obama parties on – Audio

While Dear Leader fills the Democratic coffers and dines on Burgers while Mooch is not around, the world continues to go down the crapper.  I caught Obama’s first embarrassing remarks regarding the crash while he hung out on the 495 bridge outside Wilmington, Delaware. Oh, he was a real joker.

Ukraine Releases YouTube Clip “Proving” Rebels Shot Down Malaysian Flight MH-17

 

 

Here is how it should have gone. The full talk was 17 minutes. He cancelled his vacation and came back to the White House.

What the heck, this is the real joke. This demonstrates our Savant in full dress mode with Romney during just a smidgen of time ago during a debate

“A few months ago when you were asked what’s the biggest geopolitical threat facing America, you said Russia…the 1980s are now calling to ask for their foreign policy back because the Cold War’s been over for 20 years.” 

Holder fines bank $9 Billion, guess where the fine money goes?

Will someone ask Eric where are all the fines that he is collecting from banks going? I have a clue, and I will include it below in an old post. Today we hear that he has hit BNP Paribas bank with a big big fine. Maybe they deserve it. But the point is these fines are simply “walking around money” for his favorite charities such as Acorn. So here we go:

Wth a record $9-billion fine against BNP Paribas, one of the world’s largest banks, the Justice Department aimed Monday to send a clear message to bank shareholders everywhere.

“The $9 billion that’s walking out the door today is your money,” FBI Director James B. Comey said at a Monday news conference. Until shareholders hold corporate chiefs accountable for following the law, “the money will keep walking out the door.” (Better to go to Acorn)

The conviction contrasts sharply with a series of large settlements with U.S. banks linked to the financial crisis, as well as with foreign banks such as Britain’s HSBC, which was accused of widespread money-laundering violations. With no criminal components, those cases have been attacked as comparative “wrist slaps” by Sen. Elizabeth Warren (D-Mass.), among other critics. (Ed: Really Liz? A Slap?)  More at LA Times

But let us take a ride in my way back machine from an old post and let me know if this was a slap:

December 11, 2013 — bunkerville 

A little reported story rang a bell, and I headed in time: Recall JPMorgan Chase – first bank takedown by Obama? $13 Billion fine posted October 22, 2013? Want to know where the money went? Yepper, Acorn like groupies. But this is not the first extortion. Eric has been extorting money from them for years. Here’s a list of what the fines and settlements have cost JPMorgan Chase to date in the fallout of the 2008 financial crisis. Keep in mind the loans were not loans JPMorgan made, but loans they absorbed through the purchase of outside assets that were questionable.

Oct. 2013: $100 million.

Sept. 2013: $920 million

Sept. 2013: $389 million

July 2013: $410 million

January 2013 and Feb. 2012: $1.8 billion

November 2012: $296.9 million

August 2012: $1.2 billion

April 2012: $20 million

August 2011: $88.3 million

July 2011: $228 million

June 2011: $153.6 million

April 2011: $56 million

June 2010: $48.6 million

 

Rather than simply settling for the smug satisfaction of seeing some Wall Street Fat Cats get taken down a peg or two, how about getting your hands on some of the cash yourselfHot Air tells us the facts.

It seems Attorney General Eric Holder has created a multi-million dollar backdoor kickback for activist groups in the $13 billion JP Morgan Chase subprime loan deal recently settled, WND reports.

It appears the Obama administration has a strategy for reviving subprime mortgage lending by coercing banks to fund community organizing groups that may once more put low-income families into mortgages beyond their means.

But wait… you can’t just take the penalty money and hand it out to your friends, can you? According to the breakdown from Investors.com, apparently you can.

Just when we thought its post-crisis probe of banks couldn’t get more corrupt, the Obama administration has cut radical Democrat groups in on the record $13 billion JPMorgan Chase subprime loan deal.

On Page 5 of “Annex 2″ of the recently released consent order, you’ll find this little gem: The Justice Department mandates that JPMorgan fork over any unclaimed or unpaid consumer damages to a nonprofit group that finances Acorn clones and other shakedown groups.

They stand to reap millions. The “consumer relief” portion of the deal by itself totals $4 billion.

If the government “determines that a shortfall in that obligation remains as of Dec. 31, 2017,” the agreement states, “JPMorgan shall make a compensatory payment in cash in an amount equal to the shortfall to NeighborWorks America to provide housing counseling, neighborhood stabilization, foreclosure prevention or similar programs.”

Potentially billions could be distributed to Democrat activists through NeighborWorks, a government-funded “affordable housing” group that supports a national network of left-wing community organizers operating in the same vein as Acorn.

Breakdown of fines over at USA Today

 Here is a clip that gives us the take down. October, 2013 dated.
Is Obama Admin Targeting JP Morgan For Criticizing Obama Admin & Dodd-Frank)

A tidbit below of our gal Val and Schultzy from my way back machine:

Dem. Chair Invested in Swiss Banks, Jarrett has Bermuda line of credit

July 11, 2012

Disclosure forms reveal that Democratic National Committee chair Debbie Wasserman Schultz, a member of Congress from Florida, previously held funds with investments in Swiss banks, foreign drug companies, and the state bank of India. This revelation comes mere days after the Democratic chair attacked presumptive Republican presidential candidate Mitt Romney for holding money in Swiss bank accounts in the past. H/T: Weekly Standard

White House adviser Valerie Jarrett’s recent financial disclosure form lists a line of credit from a Bermuda insurance company, according to ABC News: Now why would she need this? Anyone want to guess.

Valerie Jarrett’s financial disclosure form filed May 4 lists a line of credit from a Bermuda insurance company valued between $100,000 and $250,000.

We’ve asked the White House what exactly this mark is, and we’re waiting to hear back. … 

Jarrett is one of Obama’s closer advisers and has been with him since he was sworn in. In a lengthy New York Times profile in 2009, an Obama campaign official said that “there are two people he’s not going to say no to: Valerie Jarrett and Michelle Obama.” Washington Free Beacon

State Department ‘No evidence Hamas plays any roll in Palestinian Government’

But then again, the State Department doesn’t know anything about China’s Hypersonic Missile Test either. Good news, no one home for the 3:00 am phone call. Apparently not for any phone call. As Hamas blasts away at Israel.

Hey Jan, here is a heads up:

Via Guardian: Palestinian unity government of Fatah and Hamas sworn in

….The new government will reunite Gaza and the West Bank under a single political authority for the first time since 2007, when Hamas – which won Palestinian legislative elections in 2006 – asserted control over the Gaza Strip, forcing out Fatah….

Psaki must’ve missed this article.

How else to explain this exchange, from yesterday?

Via Free Beacon: State Dept: ‘No Evidence That Hamas Plays Any Role’ in Palestinian Government

State Department spokeswoman Jen Psaki claimed again Tuesday that “no evidence” existed that the terrorist organization Hamas “plays any role” in the Palestinian government.

A reporter asked Psaki if President Mahmoud Abbas bore any blame for the current fighting between Israel and Hamas, saying, “at one point, yes, it was a conflict between just the U.S. and Hamas, and Abbas had no real kind of skin in the game, because it was between the two parties even though it was affecting the Palestinian people directly. But now, he’s part of a unity government and has some influence with Hamas now, wouldn’t you say?”

” Well, we have no evidence that Hamas plays any role in the interim technocratic government, and as far as we know, there have also been no steps taken for the implementation of the reconciliation,” Psaki said…

How else to explain this exchange, from yesterday?

 

Bonus time. Just to get the old laugh-o-meter rolling. Note the laughter from the journalist. From Deputy Spokesperson, Marie Harf who knows nothing about nothing:

Marie Harf on China’s Hypersonic Missile Test

Marie- here is a head’s up as well.

China has successfully tested its first hypersonic missile delivery vehicle capable of penetrating US missile defense system and delivering nuclear warheads with record breaking speeds, Pentagon officials have confirmed.

The new hypersonic glide vehicle (HGV), dubbed the WU-14 was allegedly spotted flying at record-breaking speeds during a flight test over China on January 9, an anonymous Pentagon official told the Washington Free Beacon.

The new weapon delivery system is reportedly designed to be launched as the final stage of China’s intercontinental ballistic missile, which would approach its target at a velocity of up to 10 times the speed of sound. Hypersonic speed range lies between Mach 5 and Mach 10, or 3,840 to 7,680 miles per hour.

The Chinese are “actively seeking global military power to challenge the United States, and it is not yet in any mood to talk, or engage in arms control, about it,” Fisher said.

In May, the Pentagon’s assessment of Chinese capabilities suggested that China built the world’s largest shockwave hypersonic wind tunnel capable of generating test flying conditions of up to Mach 9 speeds.

Two Chinese technical papers from December 2012 and April 2013 revealed that the country is developing precision guidance systems designed to be directed via satellite. The second Chinese paper concluded that hypersonic weapons pose “a new aerospace threat.”

Read more  Here

H/T: Tammy Bruce

Valerie Jarrett at her best

This rounds out yesterday’s post. Too bad we cannot require her to testify before Congress. Bet we would have the answers to all the scandals.

 

Valerie is always watching

Valerie is always watching

Former NSA analyst tells Germany that ‘NSA has totalitarian mentality’

While everyone has had their knickers in a knot over Snowden and his revelations, William Binney, a former NSA analyst told us what has been going down years ago. That is why I never bought the story of Snowden as being the operative. I covered this in the post Edward Snowden – the great spy hoax of the century? .

In 2007 Binney’s home was raided by the FBI during a leaks investigation. This week Binney testified before a special committee of the Bundestag, Germany’s parliament, that is looking into the NSA’s spying activities in the country and Germany’s own intelligence services’ complicity in those activities.

Testifying, Binney accused the NSA of having a “totalitarian mentality” and wanting “total information control” over citizens in breach of the US constitution. It was an approach that until now the public had only seen among dictators, he added.

Deutsche Welle reports:. (Worth the full read.)

Mass collection was “senseless” and did not help in counterterrorism, and actually hindered the agency’s capabilities, Binney said.

The NSA represented the “greatest threat” to American society since the US Civil War of the 19th century, Binney added.

German media also report that the NSA targeted Internet users who encrypted data or tried to remain anonymous on the Internet.

Here the filmmaker Laura Poitras profiles William Binney, a 32-year veteran of the National Security Agency who helped design a top-secret program he says is broadly collecting Americans’ personal data. 

Happy Independence Day – It is now up to us

First let me wish everyone an enjoyable and Happy Independence Day. At this time of anxious concern for our Nation, as concerned as we are, consider the anxiety of these 56 men and what they were willing to do for us.

Together “And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.”

They were mostly men of means who had much to lose if the war was lost. One-third served as militia officers during the war. Four of the signers were taken captive during the war and nearly all of them were poorer at the end of the war than at the beginning. 

The ages of the signers ranged from 26 (Edward Rutledge) to 70 (Benjamin Franklin), but the majority of the signers were in their thirties or forties. More than half of the signers were lawyers and the others were planters, merchants and shippers.

Many of them probably expected to die.

They signed anyway. 

Consider the day these men signed this document and then went home to eat their Dinner with their wives and children. As we enjoy our day, consider the table talk these families had at the time. The worry and strain. It pales in comparison. I offer as well, a clip from the 2003 Television docudrama: George Orwell – A Life in Pictures.

A reminder from George Orwell. George Orwell warns us, “It depends on you.”  Can we do less?

 

delaration

 

George Orwell – A Final Warning 

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