Sunday, December 14, 2008

President Bush receive's a "unique" welcome

At a press conference with Iraqi Prime minister Al-Maliki, a man in the crowd hurled two shoes at the president in a show of resentment to comments made during that meeting when President Bush announced that after almost 6 years, "The war is not over."
I wanted to write about this story because it is a very sad situation. President Bush's will forever be remembered by a questionable win for the presidency against Al Gore, and a very unpopular war in Iraq. I realize that his decision to invade Iraq when he did was very premature to say the least, but I can't help but wonder what history will teach us in maybe 40 years or 50 years. I am pretty sure that when President lincoln freed the slaves he was pretty unpopular, or that when schools in America were desegregated in the 50's, that was an unpopular decision as well. I am not trying to justify what has happened; I am only saying that before we begin to disrespect the leader of the free world, we should really look at what is going on. I am also not saying that we have to agree with everything that our leaders say or do. In America we cherish our right to free speech and can respectfully voice our concerns or disagreements when we choose to. In fact, I bet the man who threw the two shoes at President Bush didn't even stop to think that he could not have done that a few years ago. Opposition to Sadaam Hussein meant certain extermination; not anymore.

Gov Blagojevich still in office??

Shamed Governor Rod Blagojevich has still refused to resign as Gov. of Illinois and he has left spectators in awe by continuing to show up to work daily as if nothing was going on and attempting to handle state business as usual. The problem is that with an impeachment almost inevitable, the thing on everyone's mind is, "what is this guy thinking?" Blagojevich was spotted meeting with the hot shot attorney who has represented people like R. Kelley, Conrad Black, and many other corrupt public officials for four hours last week; we should know by Monday if this meeting will result fruitful for the corrupt Governor. Some people think that the Governor might be trying to leverage his seat as Governor the same way he was trying to do with President-elect Obama's seat in the senate; this would not be surprising at all as shameless as Blagojevich has been.

Saturday, December 13, 2008

Bailout rejected by Congress, but still hopeful??

"My hope is that the administration and the Congress will still find a way to give the industry the temporary assistance it needs while demanding the long-term restructuring that is absolutely required." -President-Elect Barack Obama
The bailout bill for the auto-industry was rejected in the senate last Thursday, and surprisingly, now the Bush administration has stepped in and gone as far as saying that assistance must be given to the Big 3-->even if it meant tapping into the TARP funds which President Bush had long maintained was out of the question. What is going on? Congress is supposed to be the authority, the law-making part of our government. Now the executive branch is brushing them aside for whatever reason. I don't understand what the problem with a chapter 11 bankruptcy is which will give the Big 3 the opportunity to restructure their business model and become much more efficient. All of this comes despite the fact that the Big 3 have said that this is simply a bridge loan and that more funds will be needed next year when the new administration comes into office. The government is handing money left and right; maybe we should all ask to have our bills paid. Everyone has to live on a budget and so should businesses.

Wednesday, December 10, 2008

Workers at plant in Chicago sit-in/protest

A group of upset workers (about 200 of them) are staging a sit in at their now shut-down factory after they were all abruptly laid-off and refused severence and vacation pay. The Company owners said they were forced to close the doors when profits dropped from 6.9 million annually to 2.9 million annually. These workers have come to symbolize the struggle that millions of laid off Americans are experiencing and even the president-elect Barack Obama has shown support for what they are trying to do. Company reps have rejected several opportunities to comment, and really only said that they have no control or money to meet the demands of the employees because their financing was cut off by Bank of America, who finances their business activities. If I have it right, each employee is asking for $3,500.00 and some benefits be paid to them. It's very unfortunate that so many employees be laid-off right before Christmas; most of the employees that worked at this plant made approximately $30,000 annually. This is another sad story to add to the gloom of 2008 in American history.

More corruption in Chicago

Governor Blagojevich of Illinois was placed under arrest about two days ago for various criminial accusations including fraud, soliciting bribes, etc for trying to sell the senate seat that was left vacant after President-elect Barack Obama won the presidential election in November. This guy is finished; I've been listening to some of the wire taps that the media has been releasing and its very bad. This guy is definately going to prison no matter what kind of deal he is offered by the FBI; its just a matter of time before heads start rolling cause Blogojevich is almost certainly going to talk. One of the notable names being mentioned right now is Jesse Jackson Jr. Throughout the presidential campaign, we heard about the corrupt political machine that was at work in Chicago and now we (outsiders) are finally getting to see what every one was talking about. Apparently, the former Illinois Governor is also sitting in prison for criminal actions he committed while in office. Looks like he's going to have company.

Saturday, December 6, 2008

Unemployment is pretty high these days

Unemployment is now at 6.7%, up from the once much lower 4.7% we enjoyed last year. That means that another 1.9 million Americans have lost their jobs since last year bringing us to grand total of 10.3 million out of work. This does not mean that we are nearing the great depression as some news stations might subtly hint at (MSNBC), where unemployment was at an astonishing 25%, but it does mean that we are looking at a pretty long recession. Before the the new report was released this month from the BLS, some economists had predicted that we may begin to see some small growth in our economy as early as next year. Now, economists from Moody's are suggesting that we might have to wait until the Spring of 2010 before we see a rebound, and when unemployment may hit 10%. I'm very curious to see what the new incoming administration will do to remedy this situation. I don't see how President-elect Obama would still want to raise taxes (capital gains, payroll, etc.) in this kind of environment. That leaves GOV with less money for handouts, and I'm very anxious to see which programs he decides to keep and which of his programs he cuts out.

OJ sentenced...

OJ Simpson received a sentence of 9-33 years in prison, 9 being the minimum before he can parol out. I watched the sentencing hearing and saw OJ almost crying, with his voice cracking as he was apologizing; the judge didn't care too much for that and called him ignorant and pathetic. The Judge, Jackie Glass made it a point to say that this sentence had absolutely nothing to do with anything else that might have taken place in OJ's past, but I don't buy it. I think that although this might not be payback, there was absolutely no way he would receive any kind of a break; try finding a juror that thinks OJ was an honest and decent man going in to the trial. So about 18 years after he should have been sentenced to at least life in prison, OJ finally sits behind bars, on lesser, but still very serious charges. It's about time.