Posts Tagged ‘finance’

ImageOn Tuesday President Obama gave his State of to the union address speech on Capitol Hill in Washington. President Obama claims that the State of the Union is strong and that the Democratic Party and the Republicans are reaching across the aisles in a collective effort to eliminate the political grid-lock which has plagued the current administration. But the GOP; Grand Old Party, says otherwise. Rep. Cathy McMorris-Rodgers (R-Wash.) delivered harsh criticisms of President Barack Obama’s health care reform law during the official GOP response to his State Of The Union address Tuesday.

Despite the obvious, President Obama is trying to recover and move on from a year of government gridlock and low approval ratings. The President is calling for action urging Congress to put politics aside and get back to the business of the people. Among other things, the President promised Executive actions was to raise the minimum wages for federal contractors to $10.10 and his committed vigilance against American’s fight against terrorism. But the president’s address was somewhat overshadowed by Rep. Michael Grimm, a Republican from the New York City borough of Staten Island, when asked for his thoughts by New York 1’s Michael Scotto. Rep. Michael Grimm, R-NY, then is caught on tape threatening NY1 reporter Michael Scotto, after Scotto asked him a question about a federal investigation into his fundraising.

So what’s the big deal about this speech anyway? Allow me to give grace the mic and allow me to give my $3.60 on the topic. The State of the Union is the address presented by the President of the United States to a joint session of the United States Congress, typically delivered annually. The address not only reports on the condition of the nation but also allows presidents to outline their legislative agenda (for which they need the cooperation of Congress) and their national priorities. (From Wikipedia, the free encyclopedia)  In 1790, President George Washing delivered the first State of the Union address to the assembled Congress in New York City.  You’re probably wondering why it took place in the big apple. Well, it’s basically a shareholders meeting. And if you think for one moment that the government has nothing to do with the stock exchange. Then you better think again. But some of you are still caught up in what the government “mantiquation” of events. Take a look at the some of the former presidents and how their administration affected Wall Street.

Presidents And The Stock Market Source: Forbes statistics

President Term Economic Rank S&P 500 Start Of Term S&P 500 End Of Term S&P 500 Annualized Total Return (%) Stock Market Rank
Bill Clinton 1993-2001 1 433.37 1,342.54 17.4% 1
Gerald R. Ford August 1974-1977 5 86.02 102.97 17 2
Harry S. Truman April 1945-1953 7 13.64 26.57 15.6 3
Dwight D. Eisenhower 1953-1961 9 26.57 58.11 14.9 4
Ronald Reagan 1981-1989 4 131.65 286.63 14.4 5
George H. W. Bush 1989-1993 10 286.63 433.37 14.4 5
John F. Kennedy 1961- November 1963 3 58.11 74.01 12.4 7
Jimmy Carter 1977-1981 6 102.97 131.65 11.2 8
Lyndon B. Johnson November 1963-1969 2 74.01 103.86 10.2 9
Richard M. Nixon 1969-August 1974 8 103.86 86.02 0.6 10

It’s no secret that the UNITED STATE OF AMERICA is a corporation and I am not trying to present this as some privileged information I’ve discovered.  Right now corporations are controlling the horizontal and the vertical so don’t attempt to adjust your set. Take my advice, just cut it off. What would happen if no one voted? Answer: The electorial college will select the next president the same way they have since electing George Washington in 1788.  So for those of you who may think Maestro has been smoking on lies, I’ll leave you with a little something I came across while I was purging my mainframe of the mantiquation it has been affected with by the educational system here in America. And never forget I’m not a bigot or racist, I just call it the way I see it. This is Maestro. By the way, before I check out let me give a shot out to the sources I drew from to complete this work.  The chart used above came form The Market Source and I took the definition of the State of the Union address from Wikipedia. Oh you may have came across the word  MANTIQUATE, I made that up.

Here’s a granite chunk of verse (lines 168 – 202) from Shelley’s longpoem “Queen Mab.”

War is the statesman’s game, the priest’s delight,
The lawyer’s jest, the hired assassin’s trade,
And to those royal murderers whose mean thrones
Are bought by crimes of treachery and gore,
The bread they eat, the staff on which they lean.
Guards, garbed in blood-red livery, surround
Their palaces, participate the crimes
That force defends and from a nation’s rage
Secures the crown, which all the curses reach
That famine, frenzy, woe and penury breathe.
These are the hired bravos who defend
The tyrant’s throne–the bullies of his fear;
These are the sinks and channels of worst vice,
The refuse of society, the dregs
Of all that is most vile; their cold hearts blend
Deceit with sternness, ignorance with pride,
All that is mean and villainous with rage
Which hopelessness of good and self-contempt
Alone might kindle; they are decked in wealth,
Honor and power, then are sent abroad
To do their work. The pestilence that stalks
In gloomy triumph through some eastern land
Is less destroying. They cajole with gold
And promises of fame the thoughtless youth
Already crushed with servitude; he knows
His wretchedness too late, and cherishes
Repentance for his ruin, when his doom
Is sealed in gold and blood!
Those too the tyrant serve, who, skilled to snare
The feet of justice in the toils of law,
Stand ready to oppress the weaker still,
And right or wrong will vindicate for gold,
Sneering at public virtue, which beneath
Their pitiless tread lies torn and trampled where
Honor sits smiling at the sale of truth.

The Federal Bureau of Prisons was established in 1930 to purportedly provide more progressive and humane care for federal inmates. But let’s be real, what is the Federal Bureau of Prisons really about?  Well,  the Federal Prison Industries, also known as UNICOR and FPI, is a wholly owned United States government corporation created in 1934 that uses penal labor from the Federal Bureau of Prisons to produce goods and services.  You know it’s a bad thing when the penal system is backed by and operated by private companies solely for the interest of profit.

  • Incarceration rates for black Americans dropped from 2000 to 2009, but in 2009 black men were still 6.4 times as likely to be incarcerated as white men. Black inmates now account for about 38 percent of all inmates in state and federal prisons, while white inmates account for 34 percent. The United States has the highest incarceration rate in the world, and the largest inmate population. In 2010, drug offenders made up 51 percent of the federal prison population, and the increase in time served by drug offenders accounted for a third of the total federal prison population growth from 1998 to 2010.
  • There are 2.3 million inmates in the U.S., at a cost of $55 billion a year to the federal government. Some 218,000 inmates are in federal prisons, with an average minimum-security cost of $21,000 annually. The Obama administration requested $6.9 billion for the Bureau of Prisons in fiscal 2013. At the same time, the private prison industry has boomed, growing by 1,600 percent between 1990 and 2010 and bringing in about $3 billion in annual revenue.

So, what can be done? Two bipartisan members of Congress recently put forward an idea: Change the name of the Bureau of Prisons to the Bureau of Corrections.

It’s a damn shame that the federal government is profiting off the prison labor under the guise of deterring crime. Like most so-called foes that the United States government creates to instill fear, the defendant in courtrooms across America are made out to be monsters and the source of the economy collapsing.  Unfortunately, what it all boils down to is, “Dollars & Cents”.

The Ugly Truth is that the, “PRISON INDUSTRIAL COMPLEX” we’ve come to know as (The Criminal Justice System) profits more when individuals are committed to prison rather than establish meaningful alternatives for first-time, low level option.

Think about this for a moment. Why is it that the state prison system is bursting at the seams? Yet, the Federal Government continue to create more statutes to throw people in prison. In Sacamento California Under the court order, the state must reduce the population in its 33 adult prisons to about 110,000 inmates by year’s end to improve the treatment of sick and mentally ill inmates. The state is preparing to appeal, but the U.S. Supreme Court already has upheld the decision once.  Released January 12th, 2014,  in the Hoff Post.  Now call me crazy but why is the United States Courts ordering the state to reduce it’s prison population while the Bureau of Prisons swells to a whooping 39% over capacity. It has also been reported by the Union that  14 prison workers have been assaulted this year with weapons and another 45 were assaulted by unarmed inmates.

The way I see it, before anyone stands up and says something about this travesty I’m afraid it will be too late. Don’t scream when the governments over reaching hand grabs you are someone you care about before you get involved. Statistic show that 1% of the adult population in America are in prison.  Until we decide to do something about this injustice there is a chance that you may end up staring at your fears from the opposite side of the fence. This is Maestro.