“…A remarkable 65 percent think Romney would do the most to advance the economic interests of the wealthiest Americans. In comparison, less than a quarter of voters think President Obama would do the most to help enrich those already very wealthy…”

Conclusion: it’s better to be a whore for the rich, than rich.

The BushCo tax cuts for the rich will be extended (again). The last time Obama extended them when he had much bigger margins in Congress. Why would it be different this time?

“…Democrats split on the vote 26-26….”

Whores. Dick licking whores.

This is oh so typical of our pols. And really, I’m pretty sure this was the game plan all along. It’s probably the way they got the state AGs to go along with the settlement. You know, an unspoken understanding that the states could rape the funds and help themselves rather than the homeowners.

The 1% control the Senate now,
The 1% will control the Senate a year from now.

I can’t stand the suspense.

The Maastricht Treaty expressively forbids one EU country being made liable for the debts of another. The collectivization of risk via Eurobonds would violate this.

You have a FICO 800, your neighbor has a FICO of 400. Do you wanna share you debts with your neighbor?

Wealth destruction is coming. Sovereign debt is going to be repriced either by selective default, or by inflation, which is a form of default. The destruction of wealth will be on a massive scale. Can’t be avoided. The open question is whether the deflationary effect of wealth destruction can be offset by the inflationary effect of Central Bank money printing.

My guess: no.

“…Obama continues to lead in large part because even though the American people think Obama has done a poor job with the economy, they doubt Romney could do better…”

Yeah, that’s about right. But it would have been a lot simpler to just say they both suck.

“If you want to bring down health care spending, you need to deal with our extremely high prices”

No, that’s step 2. Step 1 is to create a political class that doesn’t whore for pharma, AMA, AHA, the insurers, etc.

Rahm is perfecting the techniques the DNC will use in Charlotte this summer. You know, like Afghanistan is the proving ground for new Pentagon toys.

“…with 77 Democrats supporting the bill”

Nice going, assholes.

Maybe the game plan is to let Israel attack, which would trigger the “Whore for Israel/AIPAC” reflex in DC, pushing Obomba to back Israel with force.

The window is closing, because it won’t be long before Iran will have its nuclear stuff buried so deep it can’t be destroyed by bombs.

Otherwise, it’s get used to a nuclear Iran.

There’s only 2 answers to this (as there always is when a debt deflation starts): print money like mad, which will sooner or later f*ck the financial system, or default on debts, which will also f*ck the financial system.

Think carefully before you choose. Fire or Ice?

“..states are diverting the hard dollar funds from the settlement, money meant to go to help homeowners, to fill budget gaps..”

This is what happened to the Tobacco Settlement $$$ – the funds wound up being another cookie jar for the pols, or at least what was left after the whore lawyers got their cut.

This is SO funny!

Step 1: Banksters rape homeowners
Step 2: Pols bail out banksters with tax dollars
Step 3: Fraud settlement fund set up for homeowners
Step 4: Pols rob settlement fund

This illustrates how far removed modern banking is from the real economy. It’s all about trying to design financial “instruments” and strategies to profit from any arbitrage opportunity, no matter how small. The most apt description: trying to pick up pennies from in front of steamrollers.

And it’s Bernanke and his Fed morons who are fueling this whole idiotic process by giving the banks unlimited credit at giveaway interest rates.

Dimon doesn’t know if JPM broke the law because Dimon doesn’t give a rat’s ass. Why should he? He knows his pal Obama won’t do sh*t about it.

Ah, but haven’t you heard? “Consumer Sentiment” is at a 4 year high:

http://finance.yahoo.com/news/consumer-sentiment-more-4-yr-135927376.html

It’s all manipulated bullsh*t, made up numbers so the sheeple think they’re getting a good deal when they’re being f*cked like dogs.

The 2 big 2 fail banks are still being run like gambling casinos. Why not? When they win, they win, when they lose, they twist the arms of their DC whores and get more $$$ from Bernanke and/or the taxpayers.

Endorse gay marriage, then pal around with the rich & powerful – what a perfect rendition of today’s whoring neolib “Democratic” party. They’ll go left on trendy boutique social issues because that doesn’t cost them money. But economic justice can go shove it, ’cause that comes with a price tag.

Tweedledum tied with Tweedledee.