Election 2012: North Carolina: Romney 51%, Obama 43%
And it’s early…

Why Hollywood ignoramuses are recognized as experts I’ll never know.

Obama vandalizes WH presidential biographies
His narcissism knows no limit

Team Obama flips out over mildly adverse New York Times poll
The Times has been biased FOR Obama for years. They come out with one negative poll and they unleash the whine heard ’round the world…
ABC News Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After Trayvon Martin Shooting
Autopsy results show Trayvon Martin had injuries to his knuckles
The media’s backtracking but that won’t stop Just Us from pressing on with charges
President Obama is getting no benefit from his support for gay marriage
But we were all told his decision wasn’t political… then again, he did get some donations
‘It’s rare a man can be that tough on the field and also have his own line of underwear!’ President Obama roasts David Beckham at White House ceremony
Only a narcissist would you roast someone he invited
(Grand)mother of all lies stumps the Globe
The Warren Tribe
Warren could be toast
Sen. McCain huddles with Dems on campaign finance reform
One reason why he’s a senator and not current president
Obama worth as much as $10 million
But he’ll still go off on the other 1%
Obama and GM Cook the Books
Maybe that’s why I’m having so much trouble buying a GMC
Obama Won’t Tell You About Impending Taxes And Cuts
The truth hurts… him
US election: ‘When your name is Barack Hussein Obama, getting elected is difficult’
Obama’s inevitable shellacking
You heard it here first
Boehner attacks Obama’s courage
Boehner: No debt ceiling increase without cuts
We’ll hold you to it
MoveOn: DNC Pulling Out of Wisconsin Recall
Ominous sign for the left
Obama will urge lawmakers to act on his economic to-do list
The same to-do list he failed to act on in 2009 and 2010 when he had Democrat majorities in both houses
Israel to send fighter jets for joint exercises in the US
Top U.S. think tank warns against Israeli, American strike on Iran
Sorry, but weren’t we warned about how badass Iraq was?
Obama courts votes of veterans, military families
Flailing about, looking for anyone left to use
Catholic bishops threaten suit over birth control mandate
A lot of people have been saying Nobama lately
Obama’s Economic Winter: Can Adam And Steve Find Jobs?
It all depends on what their definition of “jobs” is
Two Earths would be needed to sustain human activity by 2030, report finds
Another evil human piece
The Soros Summit
Meeting in secret
Can California Be Fixed?
Brown proposes 4-day week for state workers
Many will get an official fuck-off day without pay this time
Bush policies he reviled part of Obama’s arsenal
That must be tough for Obama to swallow: admitting he was wrong
Trayvon Martin’s mother got 8 months of donated vacation time
US shooting-death teenager Trayvon Martin’s parents visit Islington
Fire captain demoted over Facebook post blaming cases like Trayvon Martin shooting on ‘s***bag, pathetic, welfare-dependent excuses for parents’
Okay, but was he right?

What should be banned…?

New Obama Ad ‘Steel’ to Air One Day Only
Cheapskates or not wanting any more scrutiny as necessary?

Ironic quotes for $100:
“It’s unbelievable how little this woman knows!… Don’t put her on Jeopardy!”

Who is Chris Matthews.

Liberals are the ones pushing the notion they’re so smart and conservatives are so dumb. The only problem is liberals seldom prove it.

Expect a Desperate Obama to Dump Biden
Will Barack finally jettison ol’ Joe?
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This would have been real uplifting on Mother’s Day, then again, look at the expressions on these women’s faces during the long, last half of the video…

h/t Katie Y

U.S. Army soldier brutally beaten in South Tampa
Do you think the president will interject himself into this local issue and say these black and Hispanic teens beating a white soldier acted stupidly? (That was a rhetorical question….)

“Things are not what they seem, skim milk masquerades as cream”
— Gilbert and Sullivan

“All the world’s a stage, And all the men and women merely players: They have their exits and their entrances; and their masks and duplicitous words” ~Shakespeare appended

Yesterday, in the Government Kabuki Theater, Obama, Enemy of Wall Street and the Rich, was praising Jamie Dimon, CEO JPMorgan Chase, on the View.  “JPMorgan is one of the best managed banks there is.  Jamie Dimon, the head of it, is one of the smartest bankers we got and they still lost $2 billion and counting,” the president said. “We don’t know all the details. It’s going to be investigated, but this is why we passed Wall Street reform.” 

Was sly Obama’s praise due to Dimon’s political contributions reported here?    (His wife’s contributions are not included.)
$55,800      Republican
$290,700    Democrat
$285,500    special interest
total:  $632,000
Or was Obama’s praise due to Dimon as described in Wikipedia:  Dimon is a Democrat and worked in Obama’s adopted hometown of Chicago.  After Barack Obama won the 2008 presidential election, there was speculation that Dimon would serve in the Obama Administration as Secretary of the Treasury. Obama eventually named the President of the Federal Reserve Bank of New York, Timothy Geithner, to the position.   … Obama commented on Dimon’s handling of the real-estate crash, credit crisis, and the banking collapse …: “You know, keep in mind, though there are a lot of banks that are actually pretty well managed, JPMorgan being a good example, Jamie Dimon, the CEO there, I don’t think should be punished for doing a pretty good job managing an enormous portfolio.“ 

Did the Huffington Post place an Evil Republican Mask on actor Dimon, who already knew of the $2 billion dollar loss to be reported the next day, with this post: Jamie Dimon is angry. So angry, in fact, that he might just switch teams.   The JPMorgan Chase CEO told about 200 people at a conference in Columbus, Ohio that he’s still a Democrat, but just “barely,”  ... he reportedly met privately with now-Republican front runner Mitt Romney before a fundraiser in September, … If Dimon does switch teams, Obama and his other Democratic colleagues would be at risk of losing major cash. As of 2009, Dimon and his wife had donated more than half a million dollars to Democratic candidates and committees, … almost 12 times what he gave to Republican candidates during the same period.

Back on stage, the Kabuki Theater Continues: Obama puts on his mask opposing lobbyists, while his beloved, actor/banker Dimon, says, “it is JPMorgan’s responsibility to “stay actively engaged” in “policy debates that will affect our company …You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate,”…”We don’t look at it that way.”

The chorus called the Center for Responsive Politics chants, … JPMorgan spent more than $7.5 million on lobbying in 2011. [also, 7.5 million in 2010] That’s just a couple hundred thousand less than Wells Fargo, but about $2.5 million more than Citigroup, and $4.4 million more than Bank of America, which spent $3.2 million on lobbying.  In total, the broader coalition of commercial banks spent just over $60 million on lobbying in 2011. Companies in other sectors, like General Electric, Verizon and Boeing, spent far more.

Meanwhile the very Progressive critic, Joe Klein has seen through the masks and scripted words to say, “Moral hazard may be the most important issue facing our economy in the long-term, but it’s not likely to be addressed in the coming presidential campaign. Obama had his chance to rectify it, and failed; Romney’s not interested in trying. And the Jamie Dimons of the world can preen and flash along…until their hubris causes the next disaster.’

In earlier Kabuki, Warren Buffet, second richest man in America,  got a ribbon placed around his neck by Obama, sworn enemy of the rich.  These plays are farcical acting by Dimon, Obama and Buffet ending in financial tragedy for ordinary Americans.   A “Pay to Play Protection Racket” right before their eyes, but hidden by scripts and under masks.

Links: credit default swap moral hazard and top five US banks
Pay to play

Joe Haden, Browns DB, takes Ohio teenager to her senior prom
A good deed

GAO To Obama: More Oil Than Rest Of The World
Probably his quickest blow-off to date
Obama calls for marriage equality, says ‘I want everyone treated fairly’
Poll Sees Obama Gay Marriage Support Motivated by Politics
No one likes being used
‘This is going be a big contrast in the campaign’: Obama tries to make political capital out of gay marriage announcement
Where was his “calls” when Democrats ran both houses?
Chicago’s Archbishop: Obama Will ‘Steal’ Or Close Down All Catholic Hospitals Within Two Years
As a local, he would know
Fauxcahontas’ 1/32 Cherokee claim debunked
Like the Warren campaign says, move on to the issues. Democrats lying is not a big deal
Court strikes down NLRB rule to speed up union elections
The law is so inconvenient
Now about Obama’s Teenage Years!
How Our “Gay President” Learned About Sex
We’ll never know anything until Obama’s out of office. You know, transparency
Border agents dispute claim that illegal immigrant tide is slowing
Who are they to contradict a DC think tank?
Mickey Mouse hosts gay weddings in Japan
I’m sure Disney is proud
Will Smith is not moving to France
Stick to making sequels, Will
Obama Carolina Convention Plans Going Awry for Democrats
Barack Obama, the first female president
Poll: Romney Winning the Women’s Vote
Obama campaign nixes cell phones at some fundraisers
Things not going well for Obama at all, and he doesn’t want you to know how bad
George Zimmerman prosecutors file list of witnesses, evidence in Trayvon Martin shooting
The kitchen sink is coming
Senior Homeland Security staffers have no law enforcement experience
But they had good connections
Police: Newark Airport security supervisor stole dead man’s identity
Unfortunately the media won’t let us know when TSA polls lover than Congress
Greece Can No Longer Delay Euro Zone Exit
Greece political crisis becoming a war of wills
Survival of the fittest (and those who can count)
Obama: JP Morgan is ‘one of the best managed banks’
This coming from the “most intelligent president ever”
Coalition of African-American and civil rights leaders backs Obama on gay marriage
A coalition isn’t necessarily a majority
Jerry Brown’s plea to voters: ‘Please increase taxes temporarily’
Democrats… tax… temporary…?
Iranian rapper faces death threats and fatwa for ‘blasphemous’ song
Can we finally drop the whole “religion of peace” bullshit?
Figure in brokerage failure out as adviser to EPA
This administration sure includes a lot of fuck ups
House Bill Seeks to Deny ‘Sanctuary Cities’ Immigration Enforcement Funds
The senate is another story

Family Guy Does Entire Episode Trashing Tea Party as Racist Anarchists Destined to Destroy America
Has anyone (whose ever been to a Tea Party rally) ever remember them calling for no government or exhibiting public racism or destroying public property? Thanks to the Hollywood left, millions of young people (who’ve never been to one) now think they do.

Warren Buffett has described derivatives “as weapons of mass destruction.”   Credit default swaps are portrayed as financial arrangements too difficult for the unsophisticated to understand.   Credit default swaps are a type of derivative held mostly by the top five too-big-to-fail US Banks.  Are credit defaults a moral hazard for US banks, because they allow earnings now and possibly very large leveraged losses later?  “Trading” losses at JPMorgan Chase of $2 billion dollars with credit default swaps are reported.”

The swaps of credit default agreements negatively can impact these five US banks very quickly. The graph and tables following are from the US Comptroller of the Currency, Administer of National Banks.      

The following table shows the amount of such swaps in millions of dollars ($42 trillion dollars at JPM).  Note the leverage of total assets to swaps and the high percentage of derivatives which are swaps.  The leverage is the ratio of total assets to derivatives.

What is a credit default “swap?”   When government entities or corporations issue bonds, they may buy credit default insurance for those bonds to pay in case of default.   This insurance allows a lower rate of interest and enables many investment funds to buy this “safe” debt as required by their rules.  This insurance cost is paid out of the initial proceeds of the bond offering and is made by some large entity, which could pay off, if necessary.  The five large US banks see this as a great cash generator with any liability to come in future years, after the present executives are retired.  In order to spread the risk to others, these banks trade shares of this liability for losses (credit defaults) with other banks, hence called a swap.

Credit defaults are liabilities not assets, which you trade for another liability.  Banks trade or can pay money to the acquirer of such credit default shares.  The receivers of such credit default swaps are other financial institutions or hedge funds.  Or, I’ll trade one Greek credit default share for for four of your Widget Corp bond credit default shares.

As already reported, some Greek debt has already defaulted and the insured parts of those losses will be spread around to all the holders of those Greek swaps.  JPMorgan, after making many unidentified swaps, was left with a $2 billion dollar assortment of lower value credit defaults claimed to be in corporate bond credit defaults.  Did JPMorgan try to dispose of its Greek, Spanish and Italian credit defaults and got stuck with worse junk?   JPMorgan’s losses are just the tip of the coming credit default losses on Greek and other EU nation’s debt which will be absorbed by the many players in credit default swaps.

Enter the government clowns and scoundrels, aka politicians and bureaucrats, looking to assigning blame:  Under Dodd-Frank law, a Volker rule is to be put in place in July to limit speculative bets using a bank’s capital.   The SEC is investigating JPMorgan losses.  But as reported here, Schumer and Eric Holder are the hyenas in charge of the financial chicken coop.   Did the smartest man in the room, aka Obama, learn about credit default swaps in his affirmative action “Finance Simplified” course?  Does Tim Geithner, who was unable to correctly answer the question whether he had earnings outside of the USA on his Federal Income Tax program, understand credit default swaps?  Will Jamie Dimon, CEO of JPMorgan, who is on the NY Federal Reserve Board resign as requested by Massachusetts Senate candidate, “Pocahontas” Warren?   Will the Federal Reserve bailout any of the five too-big-to-fail banks for losses from credit defaults exceeding capital?  Does Ron Paul understand credit default swaps or the supervision of banks? Where is Ron Paul on credit default swaps in his House Committees?  Were the moral hazards of profits from credit default fees received up-front with possible losses much later or bailed-out by the Federal Reserve too great? 

Just ahead:  “Greece’s deputy prime minister has said the country will run out of money in six weeks unless it honours its bitterly-disputed EU bailout deal.“    Alexis Tsipras, former student Communist leader, whose party took second place in elections, “insists Brussels and Berlin will not force Greece out of the euro because of the contagion effect this would have on Portugal, Ireland and Spain.”   What happens when the holders of defaulted insured Greek and other EU defaulted bonds want payment on their insurance?    The issuing bank may claim they swapped the obligation to pay to other parties, like hedge funds or then insolvent banks.  Instead of receiving insurance payouts, the holders of insured debt could become parties to Federal legal actions involving the issuing US bank and all the other holders of those swapped credit defaults.    Three heads rolled at JPMorgan, including Ina Drew, 55, one of two women on the operating committee at JPMorgan.    Will other bank weasels be allowed to escape?  Were the credit defaults offered in swaps already known ready to default and thus frauds/crimes by the traders as may be claimed by final holders of the swaps?  Or were the swaps innocent errors due to incompetence, or greed?

The winners:  the lawyers get richer.  The losers: the defaulted bond holders, un-defaulted bond holders due to rising interest rates, banks, bank stocks and the taxpayers paying through the Federal Reserve or with another TARP bailout.   Did you believe that losses in Greek and other European defaults would stay in Europe?  Look at the graph above to see who holds most all of the derivatives.   Will derivatives become weapons of mass destruction for the five too-big-to-fail US banks?  See the latest opinion on Zero Hedge, “the problems facing the EU (Spain and Italy) are too large to be bailed out. There simply aren’t any funds or entities large enough to handle these issues.”     Quo vadis, Romney?   

Hefty salaries, perks for union leaders raise eyebrows
For some people, the 1% treatment isn’t looked upon as a bad thing

New Book Purports to Unburden the Obamas of Their Dirty Laundry
Isn’t it curious how the left is telling the country almost everything we always to know about Obama four fucking years too late?
Los Angeles labor groups accuse mayor of a war on women
I thought we were told the “war on women” was a Republican invention…?
Barney Frank says Obama’s gay marriage endorsement won’t sway voters
Vulnerable Democratic senators balk at Obama’s gay marriage endorsement
Dem senators know the American people’s position on gay marriage better than liberal idiots in their elite bubbles
African-American Church Leaders Condemn Obama For Gay Marriage Support
After Obama’s Decision on Marriage, a Call to Pastors
Not sure if its a good idea to bullshit the church
Follow the Money: One in Six Top Obama Bundlers Identify as Gay
Despite what gay activists want to believe, it was never all about them
Paul backers boo Romney son off stage
Don’t get me started on the Paulies
‘Just because I was hurt does not give me the go-ahead to take a life’
Maybe he should listen to the recording of a woman slowly being burned alive in a tower before he talks about being “hurt”
Bloomberg: NC Marriage Vote Sets Back Civil Rights
Yo Mikey, I’ll have that debate with you anytime
Newsweek Contributor Compares Ann Romney to Hitler and Stalin on MSNBC
Panic
High-speed spending: Bullet train may need $3.5 million a day
And you’ll need to drive near 100 miles just to get on. Good thinkin’
Former Chuck-E-Cheese Employee Gives A Terrifying Glimpse Into Kiddie Paradise
And I though the classroom alone was where it came from…
House GOP works with Romney on health care
Maybe they didn’t get the message. How does government involvement in health care make anything better?
Bass player Donald ‘Duck’ Dunn dies in Tokyo at 70
From Booker T. and the MGs to The Blues Brothers. Legend. R.I.P.
Extreme heat, floods likely as weather evolves
Yes, they’re still pushing this shit
‘Total barbarity’ as Mexican cartel dumps 49 torsos along highway
If the “war on drugs” is a loser, why the messages?
UN inspectors to press Iran on military site access
Pretty please!
Report says 230,000 unemployed losing benefits over weekend
It will be blamed on Bush
Team Obama panics, and it’s only May
We all need be concerned when he accepts the inevitable and decides to punish us
Gov. Proposes Higher Taxes in CA
Insanity. And they wonder why people are leaving
Iowa GOP staffer resigns after Ron Paul takeover, fundraising woes
The one thing that could conceivably put Obama back in the White House is Paulie interference
As gay marriage debate rages on, Massachusetts couple enjoys married life
Because we all know (unlike heterosexual marriage) gays are full of love and never divorce
Gunmen kill senior Afghan peace negotiator
Because the Taliban don’t want peace. Simple enough?
After 42 years in House, Charles Rangel might lose primary
But would his replacement be any better?
Hispanics, NPAs more likely to face noncitizen voter purge than whites, GOP
Could it be without non-citizen voters, Dems know they’d lose big?
State officials look for path to rescue market for solar incentives
That means another possible bailout

Just got back from Burger King where I ordered two double cheeseburgers to go and when I got home found they only gave me singles.

Whether we’re dealing with employees who are English-challenged or now the “underemployed” who really don’t give a shit, do you think service at fast food restaurants has is worse than its ever been?
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Newsweek names Obama ‘The First Gay President’ in shocking cover talking about his support of same-sex marriage
Andrew Sullivan on Barack Obama: The First Gay President
I guess they needed a reason to issue a new halo shot

Gal charged with stabbing boyfriend in chest during fight held on $125G bail
Reminded of all the tears shed by Lorena Bobbitt, Susan Smith, and Andrea Yates (just to name a few) on the witness stand during their trials, why is it women cry like victims after they’ve committed heinous, violent crimes?

h/t Preston L via Twitter

I found myself in the odd position of actually pulling for a New York team; not because I like the Rangers or dislike the Washington Capitals. Last night’s defeat in Game Seven by one goal is nothing to be ashamed of. That, coincidentally, was almost (overtime) the same scenario in which the Caps eliminated the defending champion Boston Bruins two weeks ago. Caps fans were their usual obnoxious selves, gloating after a very well-played series, even though their franchise has never won it all.

After the defeat last night, I’ll not pile on the Capitals or their fans. My team has won several Stanley Cups so I don’t have to act like a loser when theirs won’t.

The weird and wacky pub signs that will make you think you’ve had too much to drink
Seems like a good deal to me…!

A Generation Hobbled by the Soaring Cost of College
Taxpayers and politicians not willing to write off these loans aren’t the problem here. Soaring college costs that enrich administration and faculty, not to mention students who choose impractical majors (and don’t read the fine print on their loan applications), are.
Obama ignores gay marriage issue on Saturday as Romney surges ahead
President Obama cashing in on gay marriage stance, selling LGBT merchandise on BarackObama.com
“Ignores” to a point…
Obama, Biden make up, play golf
Welcome back my friends, to the show that never ends…
It’s More Clear Than Ever That If Romney Loses, The Economy Is Going To Implode
It’s imploding now and millions don’t know it (thanks to the media)
Jealous Michelle vs. Oprah
Google “Michelle Obama jealous”. She sure seems to be jealous alot
Daughter of Cuban President Leads Gay Rights March
For Obama, It’s About the Children
Obama ignores gay marriage issue on Saturday as Romney surges ahead
Rand Paul Says He Didn’t Think Obama’s Views ‘Could Get Any Gayer’
Being openly pro-gay is now the latest fad… when it suits you
Kenyan muslim clerics fault Obama on gay marriage
Many blacks shrug off Obama’s same-sex views
Sorry, not all are onboard and could care less what pundits on MSNBC or the AP has to say
California deficit has soared to $16 billion, Gov. Jerry Brown says
Snyder urges Congress to let Michigan collect sales tax on online purchases
Stop the wasteful spending and then you don’t need to find ways to suck money that you didn’t earn
Bush speaks of reverence for presidency at fundraiser
Refreshing
‘Hamas has infiltrated the U.S. government and the rules of war no longer apply’: Second anti-Muslim class run by military officials revealed
Maybe we now know the source of all those recent security leaks
Betty White endorses Obama for re-election
Like she cares about backlash
New Media Shames MSM in Elizabeth Warren Saga
Someone has to do the job the partisan, overpaid media won’t

Unemployment benefits end this week for 93,000 in California
As we see more of this occurring around the country, remember selfish politicians never should have let it come to this

Shore radio personality found shot dead
When certain people close to the victim don’t talk, huge red flag
Biden in 2007: Coal more likely to kill an American than terrorism
Didn’t know our sons and daughters were over in Iraq and Afghanistan fighting coal…?
Mitt Romney bullying story holds up to scrutiny
The laughingstock Washington Post is feeling the heat
Boulder Considers Charging Fees For Grocery Bags
“Fees”: the cowardly way of saying “tax”
More than 100 homes evacuated as bomb disposal experts carry out four controlled explosions after two terror arrests
Two UK men arrested on suspicion of preparing terrorist act near British intelligence base
No names mentioned. Red flag
Sonic weapon deployed for Olympics
We have Occupied it can be tried out on…
French Muslims Overwhelmingly Supported Socialist
You don’t have to be smart to be a socialist; just a victim

Trolling for Dirt on the President’s List
The administration that brags of its own so-called “transparency”, fails to cooperate with any inquiry into its own activities, is now digging into the lives of private citizens in an attempt to intimidate those who have the nerve to oppose The One.

Did I say Obama is desperate?