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Member since: Fri Dec 10, 2010, 10:36 PM
Number of posts: 47,900

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You never saw this clip?

For BOG Members: Gee, Obama caught saying what he really thought in 2011. I heartily approve!

CNN: President Obama caught on open mic

Uploaded on Apr 15, 2011 by CNN

The White House is downplaying some behind-the-scenes remarks made about the budget battle that were caught on tape.

The description is wrong. The narrator acts as if this was a 'gotcha' moment, when it is anything but.

Even the video doesn't fit the description when it says, 'The White House is downplaying...' since they said they had nothing to apologize for.

This leads to their meme that 'Obama is weak,' or 'arrogant.' How very GOP of them!

But then, CNN was taken over by the tabloid guy who's done nothing but feed viewers BS for years.

This is same crew who had talks with Beck about bringing him to prime time on CNN this week.

Only if they can get it through the inevitable lawsuits. There is a mixed record. Use of the PBGC

to shore up the past and current failures of private corporations to fund costs about half a billion on taxpayers to operate, but as insurance it has in the past paid out ten times that amount.

It really has been blowing in the wind for a while. It's been running in the red a long time, without sufficient funding. And while it was not that great a deal we can't ignore those it was set up to help:

Underfunding Clouds the PBGC's Future

$170 billion is the PBGC's estimated exposure for reasonably possible terminations of single-employer plans, according to its 2010 Annual Report. While this exposure has been relatively steady in recent years, the agency's estimate of its multiemployer reasonably possible exposure increased significantly from $326 million in 2009 to $20 billion in 2010, due primarily to the addition of two large plans.

As of September 30, 2010, the PBGC had single-employer assets totaling $77.8 billion, compared to single-employer liabilities of $99.4 billion (measured in present value though they will be paid over decades). The net single-employer deficit is $21.6 billion. The multiemployer insurance program had a FY 2010 deficit of $1.4 billion, with $1.6 billion in assets to cover about $3 billion in liabilities.


A failure has been in the making since the founding of the PBGC due to reductions in income to corporations. The underfunding is from the private sector, as they were operating on 'pay as you go' for pensions, dependent on the health of the businesses, not the same as an entitlement by government to act as a safety net. Here is how they are funded:

Revenues and expenditures

The PBGC is not funded by general tax revenues. Its funds come from four sources:

* Insurance premiums paid by sponsors of defined benefit pension plans;
* Assets held by the pension plans it takes over;
* Recoveries of unfunded pension liabilities from plan sponsors' bankruptcy estates; and
* Investment income.

PBGC pays monthly retirement benefits to approximately 631,000 retirees of 3,800 terminated defined benefit pension plans. Including those who have not yet retired and participants in multiemployer plans receiving financial assistance, the PBGC is responsible for the current and future pensions of about 1.3 million people.


My pension is a defined benefit that was under threat of being turned over to them because the company did not think it could pay due to loss of income and hundreds of thousands of retirees. Actually, Social Security was, for me, and for many others still is, the best return on monies paid and the most reliable. After a few years of being threatened by the loss benefits if the pension was given over to the PBGC, the corporation I worked for who had placed the money in a Wall Street investment fund, felt it had to take control back.

They had to make an offer to the Department of Labor with an infusion of billions of dollars and it took half a year to get us away from what appeared to be a failing government agency that would have paid a fraction.

That's just an anecdote, it sure does not apply to everyyone. My piece of pension money was not much anyway. Social Security will be my main income, as I paid into both. All these things are a PITN.

I've almost convinced an aging bagger that the Scandinavian version of social social net with it's 'we are all together' society, is the way the USA should go. Those baggers don't want to lose their pensions and would adopt 'socialism' if they got theirs out of it, they've proven that already. They are coming to see that destroying everything for ideology will not serve them. I have explained to them why raising the miminum wage is a winner as people currently jumping through hoops for food, housing and medical care would prefer to have enough income to pay for it themselves. Those were both nice little light bulb blinking moments, but then it was still a way they saw they would benefit...

I don't know if Congress has repealed ERISA in its entirety or if the PBGC will disappear and people won't be compensated in by increased Social Security funding to take care of this shortfall if it occurs. The current KOCH/GOP plan is for private charites, churches and families, which failed before and SS to eliminated in total, along with food, medical and all public agencies set to administer the same to everyone. There would be no Social Security, UE or any other such, to be primary for the elderly, disabled and the poor as it is now on the back of government as a universal right.

It still exists, according to the website. Wonder what the GOP dares to do without replacing it:


A yahoo source to the full of the PBGC only yields CNN (whom I trust their financial news as much as I do a Republican) and FOX (less so) and the WA Times, another shady outfit to tell people all is lost. Weird that even in the search results, they make it sound like a positive:

Congress moves one step closer to allowing pension cuts


...While those sponsoring the pension proposal say it is "the only available option" to save failing multiemployer pension plans, other groups -- like the AARP and the Pension Rights Center -- are crying foul.

Multiemployer pension plans cover more than 10 million workers and retirees in the trucking, manufacturing and other industries. But many of these plans have struggled in the last decade as they grapple with an aging workforce and major investment losses from the recession. Plus, many larger employers have pulled out of the plans.

That has put a major strain on the Pension Benefit Guaranty Corporation, the government agency that insures pension plans, which last month said its reserves are dangerously low.

The Congressional proposal would allow plans that are projected to run out of money in the next 10 to 20 years to cut the benefits they pay to both current and future retirees. Benefits would not be cut for disabled pensioners or those 80 years and older, while cuts would be lessened for those between 75 and 80.


The PBGC were set up in the seventies to protect people in the face of failures of the private sector, which were coming due to demographics. I feel that while many are being hurt right now, especially public sector and other workers, we're being played or rather conditioned as the GOP has always done since the advent of the New Deal to give up on government leveling th playing field. None of the private sources of welfare are without huge strings and they are very undependable without help from government.

I've posted before Hartmann's video and transcript posted here at DU explaining the generations of propaganda of which you are likely aware:

Thom Hartmann: Conservative Millennials, Boomers & Libertarians all being Conned


And that was back in the JBS days all the way through to some of the CT sites that still spout all of that. This was and is the agenda of the Koch brothers as revealed by Harry Reid and Bernie Sanders:

The David Koch Libertarian platform since 1980. Sanders put the whole thing online:


The GOP has not deviated from that plan and their media has promoted it since then. I urge people to share the piece posted by xchrom last night from Alternet:

True History of Libertarianism in America: A Phony Ideology to Promote a Corporate Agenda


to xchrom:


Please excuse me, that is my first post of the day and I likely won't take that much time on the rest of them today, having already been shit on for making neutral statements last night that were not answers, just shit. That's what is driving people away from DU. Have a nice week in Minnesota, I think...

And VIDEO of Obama's announcement preserving nature on the thread by Steve, with more pictures:

In which Obama explains it better.

This is a blow against corporatism and puts people and the environment ahead of profits and stealing from future generations.

Excellent work, President Obama!


Check the thread out, good pictures from the White House blog posted by Steve:

to Steve2470:


Thanks for the thread, merry blooms! Really good news!

I don't think of it in terms of subservience, more like terrorized. TARP was the first salvo of how

monied interests made the case to Washington, D.C. that they could do a Latin American style coup if they weren't protected. That is why, IMO, it happened, not a pay off or toadying, more like a armed robbery. Wall Street was armed with the debt fo the USA, the capital needed to make it work; and they played their Superman games and would have lost their shirts in the era before Reagan.

But what's the use of being Rand's Superman without being free of regulation and laws that only apply to those lesser than the Masters of the Universe?

They had to get their first, or be subservient to the will of the people and the government. So they held up Bush, Jr., the Congress and then Obama. They had the means to bring the nation to its knees and those Democrats who saw the relationship for what it was made Sophie's Choice to save one innocent.

But the Supermen has tasted blood and set about to ruin the Obama presidency anyway they could, but we've all known logically that they hold the sword over our heads. And it appears that people have just tuned out and are going to let them have their way.

Because Wall Street is not just fat cats. It is the pension fund holders of the investment of millions of Americans, as well as the ones who literally pay the bills for Social Security and other government functions. It has existed longer than our current form of government.

It's all been so tightly woven over the years, that those in power don't actually separate it from the needs of the public anymore. But now it's been infected with virulent greed as suceeding generations fell under the spell of Randian economics and voted in those who would do their will.

Which is so close in its end game to the plantation and colonial systems, that people dare not look it for what it really is. Instead, they fantasize about having simpler lives that they still do not control. The heart of commerce has been gutted. The true boot in the face is one that which cannot be removed from office and does not need to respond to the public will or need, even less than feudal lords did.



In which Obama explains it better.

This is a blow against corporatism and puts people and the environment ahead of profits and stealing from future generations.

Excellent work, President Obama!

She had a true criminal mind and influenced many from Hollywood to D.C. As Sagan said:

...An extraterrestrial being, newly arrived on Earth - scrutinizing what we mainly present to our children in television, radio, movies, newspapers, magazines, the comics, and many books - might easily conclude that we are intent on teaching them murder, rape, cruelty, superstition, credulity, and consumerism.

We keep at it, and through constant repetition, many of them finally get it. What kind of society could we create if, instead, we drummed into them science and a sense of hope?

~ Carl Sagan

Think for a few moments, what he is really saying there. Those are very important concepts he is laying out that show where we were going wrong.

We should investigate and evaluate all we are being sold by media. It's a purposeful product, it is not an accident, made to profit owners of media, not us. People get aggravated when others try to turn them away from it, since it's highly addictive.

And the place it's all working out is in our brains, our hearts, our society and how we treat the world and each other. Not that there weren't other means prior to modern media, but they used rote learning, brute force and superstition. There was not as much of a surrender and embracing of it then, as now.

They didn't have the advantage of persuasive psychological techniques that the ubiquitous entity we call mass media has.
Every sound, music, tone of voice, background imagery, the normalization of things at one considered abhorrent, made to appear to be the only choice, is now normalized. That is why there is little outrage anymore.

Think back years in one's life, how people have morphed into a state where brutality, cruelty and deception is now thought to be just a way of negotiating to get what one wants, and seeing others humiliated and abused is considered to be entertaining, even amusing. And they won't be denied it. Sagan was right.

We become what we think about.

~ Earl Nightingale

More great pictures of Bristol Bay in an LBN thread, take a look, Cha:

What the President just did:

Source: Sec. of Interior Sally Jewell

Just now, the President took action to protect a place called Bristol Bay, Alaska. Here's why that matters:

It places a national treasure -- and one of the nation's most productive fisheries -- off limits for oil and gas leasing. Alaskans have been fighting to preserve Bristol Bay for decades. Today, we got it done.

Bristol Bay helps to produce 40 percent of America's wild-caught seafood each year. It supports $2 billion every year in commercial fishing, and supports good jobs in sport-fishing and tourism.

These waters are beautiful and valuable, and today's action will ensure that future generations will be able to enjoy their bounty.


Botany says:

This is very good news! Use your executive powers Mr. President.

Now if this helps to stop "The Pebble Mine Project" all the better:


More from Botany:

Dear Republicans, if you don't like this action please take it up w/this Bristol Bay "lobbyist:"

to Botany:


Sorry I didn't mention you and Sheshe by name in the previous post, have corrected it. This is such good news for liberals.

Indeed. More details here:

President Barack Obama signed a Presidential Memorandum protecting Bristol Bay, Alaska

Things You Need to Know About Alaska's Bristol Bay

1. Bristol Bay provides 40 percent of America's wild-caught seafood.
Bristol Bay is one of the world's most valuable fisheries, providing 40 percent of America's seafood and supporting up to $2 billion in commercial fishing every year.

2. Bristol Bay hosts one of the world's largest wild salmon runs. While remote, this area is also an economic engine for tourism in Alaska. Bristol Bay drives $100 million in recreational fishing and tourism activity every year.

3. Bristol Bay is home to multiple threatened species. Bristol Bay provides important habitat for many species, including the threatened Stellar's eider, sea otters, seals, walruses, Beluga and Killer whales, and the endangered North Pacific Right Whale.

4. The President's action protects millions of acres from drilling. The North Aleutian Basin Planning Area that includes Bristol Bay consists of about 32.5 million acres. The previous Administration set in motion a new lease sale for 2011 that would have opened approximately 5.6 million acres -- about one-fifth of the planning area -- for drilling. In 2010, President Obama temporarily withdrew the Bristol Bay area from oil and gas development, and today's action extends that protection indefinitely.

5. President Obama is not the only president to use his executive authority to protect lands. The President issues his temporary withdrawal in 2010 using his authority under section 12 of the Outer Continental Shelf Lands Act, which gives the president authority to withdraw offshore areas from potential oil and gas leasing. President Eisenhower was the first to exercise the authority in 1960, withdrawing an area now included in the Florida Keys National Marine Sanctuary. Since then, presidents on both sides of the aisle have acted to withdraw areas of the Outer Continental Shelf from oil and gas leasing.


to merryblooms:


I Blame Obama! More Evildoing From the 44th President:

Obama to create world’s largest protected marine reserve in Pacific Ocean

Pink corals is seen on the Palmyra Atoll, which had an existing 50-mile safeguard. President Obama is expected to create the world’s largest fully protected marine reserve in the central Pacific Ocean. (Jim Maragos/AP)

President Obama will use his legal authority Thursday to create the world’s largest fully protected marine reserve in the central Pacific Ocean, demonstrating his increased willingness to advance a conservation agenda without the need for congressional approval.

By broadening the existing Pacific Remote Islands National Marine Monument from almost 87,000 square miles to more than 490,00 square miles. Obama has now protected more acres of federal land and sea by executive power than any other president in at least 50 years; this action makes the area in question off-limits to commercial fishing.

The proclamation will mean added protections for deep-sea coral reefs and other marine ecosystems that administration officials believe are among “the most vulnerable” to the negative impacts of climate change.

While the new designation is scaled-back version of an even more ambitious plan the administration had first floated in June, it marks the 12th time Obama will have exercised his power under the 1906 Antiquities Act to protect environmental assets. The decision to continue to allow fishing around roughly half the area's islands and atolls aims to limit any economic impact on the U.S. fishing interests.

Read more:


to kpete, Sheshe, Cha and other posters at link:


The state GOP ignored the pleas of Alaskans who wanted to stop a mining project in the region:


It would have destroyed the area. The KOCH/GOP/Libertarian/Bagger Crew will go ballistic. But then, that's all they know how to do. In the meantime, much love to my President from a fellow tree hugger!

Great way to start the day. We studied Humanism in public school 50 years ago. Star Trek embodied it

The video also showed the potential results of applying it. Thanks, Archae.

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