Drudge Retort: The Other Side of the News
Thursday, July 10, 2014

Mark Morford: The Dow dances around record highs, Wall Street snorts rails of finely chopped gold every day, the income gap between the 1% and everyone else is more demeaning than ever and the banks haven't fundamentally changed in the slightest. Why isn't Mr. Newport Beach positively orgasmic about the Obama Administrationís generally wealth-favoring policies that made it all happen? Say what you like, but Obama managed to do what nearly all economists and pundits thought impossible back in 2008: reverse the ugliest, GOP-led social and economic tailspin in modern history, and make guys like Mr. Newport richer than ever.

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How can there be such a radical disconnect between Mr. Newport's engorged portfolio, his fantastic insurance plan, low mortgage rate and grotesque corporate privilege -- most of it born of the past six years -- and Obama's overall policy successes? Does he consider it all just a fluke? Dumb luck? Is he drunk on Limbaugh and Fox News, unable to see actual facts? ...

To hear Mr. Newport Beach tell it, my president is a downright monster. Who cares if he ended the war, saved the economy, restored America's stature in the world, nailed Osama bin Laden, invested billions in clean energy, partially reformed what is still the most expensive, least effective health care system in the industrialized world, or made the rich even richer? The guy's the worst thing to ever happen to America. I mean, obviously. Now who wants more wine?

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Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Morford is right and wrong, but always humorous.

Virtual Economy's Phantom Job Gains are Based on Statistical Fraud, And More Fraud Is in the Works.

Do you think that the jobs picture would be the same if the government in Washington cared about you instead of the mega-rich?

The corruption in present-day America is total. Psychologists and anthropologists serve war and torture. Economists serve globalism and US financial hegemony. Physicists and chemists serve the war industries. Physicists and computer geeks serve NSA. The media serves the government and the corporations. The political parties serve the six powerful private interest groups that rule the country.

No one serves truth and liberty. We now have the tyranny of the Orwellian state that rules, not by the ballot box and Constitution, but by force and propaganda.(Paul Craig Roberts)

#1 | Posted by nutcase at 2014-07-10 09:40 AM | Reply | Flag: | Newsworthy 2

The DOW is money hiding. It is NOT economic health any more than property wealth was health during that bubble.

And that hiding money is NOT just rich banker money, it is the money for every pension fund out there.

It is money desperately looking for a place where it can at least retain value.

Unless those DOW values are reflected in economic activity you see driving down the street in your town, they are WORSE than nothing. Because if they are not reflected in business than they are a bubble.

#2 | Posted by USAF242 at 2014-07-10 09:44 AM | Reply | Flag:

The ever-escalating algorithm war fueling ultra high frequency stock trading has seemed to decouple wealth generation from actual value generation.

#3 | Posted by sitzkrieg at 2014-07-10 09:59 AM | Reply | Flag:

Unless those DOW values are reflected in economic activity you see driving down the street in your town, they are WORSE than nothing.
#2 | Posted by USAF242 at 2014-07-10 09:44 AM

My understanding is that corporations are people and that corporations are now phenomenally profitable, albeit at the expense of wages for human beings. Maybe if corporations drove nice cars and wore fancy duds, you'd be more impressed with their economic health.

As it is, you just sound like a entity-ist, placing the well-being of homo sapiens sapiens over that of the Roberts Court created uber-species of corporationus americanus. You should be ashamed of yourself for your bigotry.

#4 | Posted by censored at 2014-07-10 09:59 AM | Reply | Flag: | Newsworthy 1

Restored America's stature in the world? I guess I missed that accomplishment.

#5 | Posted by wisgod at 2014-07-10 10:01 AM | Reply | Flag:

#4

funny....it's taboo to assign profitable corporations to the president, if it makes you feel bad, but rather assign it to the supreme justice (who doesn't have a damn thing to do with how profitable corporations are)

what a bunch of idiots.

#7 | Posted by eberly at 2014-07-10 10:02 AM | Reply | Flag:

He took office when we were losing 700,000 jobs per month, had 2 wars going, deficits growing, stock market crashing, housing prices collapsing and.....and now we compare that to what we have today and the critics above are just like the rich fat cat described. All criticisms without any real cold hard facts to back them up. Where is the justified criticisms of the do-nothing Republicans in Congress? Why are they so immune to criticisms? It is undeniable, for whatever reason, many folks do not want this President to succeed even if it means America doesn't succeed. The reason for that is anyone's guess.

#8 | Posted by danni at 2014-07-10 10:14 AM | Reply | Flag:

assign it to the supreme justice (who doesn't have a damn thing to do with how profitable corporations are)
#7 | Posted by eberly at 2014-07-10 10:02 AM

Yeah, imbuing a newly minted entity with the rights of human beings, and then giving the green light to those entities, which were already doing really well and happened to control the most wealth and assets in our society, to corrupt our political process even further with unlimited bribes could not possibly allow those immortal entities to further cement their hold on our society and increase their profitability. I don't know what I was thinking.

Anyhow, my point was that the GOP simultaneously claims that the well-being of corporations and the one-percent are paramount, favoring only legislation that benefits them while shooting down any legislation that help others. The GOP then feigns shock and alarm when actual human beings in the 99% are not doing well and blame this president even as they obstruct his desires to make sure that America's prosperity is shared with its human citizens.

#9 | Posted by censored at 2014-07-10 10:17 AM | Reply | Flag:

You are right Danni. Lybia is a paradise. I'm thinking of going to Syria for vacation. The 1% you and Obama demonize aren't making millions on the stock market. The border with Mexico is sealed up and those -------- really aren't crossing. Harry Reid hasn't blocked every bill the house has voted on and the president doesn't do photo ops except when he does photo ops.

#10 | Posted by Dalton at 2014-07-10 10:23 AM | Reply | Flag:

"Anyhow, my point was that the GOP simultaneously claims that the well-being of corporations and the one-percent are paramount, favoring only legislation that benefits them while shooting down any legislation that help others. The GOP then feigns shock and alarm when actual human beings in the 99% are not doing well and blame this president even as they obstruct his desires to make sure that America's prosperity is shared with its human citizens."

Jesus, what a rant.

Cry us a bigger river while you're at it. It's likely you'll get a least 3 terms of a dem in the white house, strong dem presence in the senate and a fractured GOP in the House.

and you just can't stand it that the same wealth disparity exists despite all of that. You can't blame any of that on the actual leadership in DC....but rather keep playing partisan hackery politics instead.

#11 | Posted by eberly at 2014-07-10 10:28 AM | Reply | Flag: | Newsworthy 1

I guess this is restoring America's stature in the World...

BERLIN -- Germany took the dramatic step Thursday of asking the top U.S. intelligence official in Berlin to leave the country, following two reported cases of suspected U.S. spying and the yearlong spat over eavesdropping by the National Security Agency.

The move reflects growing impatience in Germany at what is perceived as U.S. nonchalance about being caught spying on a close ally.

#12 | Posted by wisgod at 2014-07-10 10:34 AM | Reply | Flag:

poor journalism IMO on the part of Morford. All he heard was one sentence from Mr Newport Beach and he assigns a litany of positions to him as a result.

He doesn't know crap about Mr. Newport Beach.

#13 | Posted by eberly at 2014-07-10 10:36 AM | Reply | Flag:

Wisgod we all know the Obama worshippers will blame the CIA. Obama will claim he read about it in the papers just like everyone else and someone in middle management is at fault.

#14 | Posted by Dalton at 2014-07-10 10:48 AM | Reply | Flag:

It's likely you'll get a least 3 terms of a dem in the white house, strong dem presence in the senate and a fractured GOP in the House.

And you know that none of that matters so long as the GOP controls even a minority of the Senate as the GOP has sworn to obstruct anything this President puts forth.

Change in our dysfunctional political system is a multi-decade process. The Repubs undid much of our progress beginning with Reagan. It will take much longer than 8 years to undo that harm, particularly with this Supreme Court catering to the whims of the wealthy and powerful (even a single one-term GOP president could ensure that the Court is screwed up for another 40 years).

you just can't stand it that the same wealth disparity exists despite all of that

You now what would solve it? Vote Repub, yeah that's the ticket. Then that wealth will trickle down all over us! In the interim, disregard the wealth accrued by the corporations and the one-percent, even though Repubs have claimed that their prosperity is all that matters, because it would undermine the GOP claim that this president is a failure.

#15 | Posted by censored at 2014-07-10 10:48 AM | Reply | Flag:

Eberly this isn't even close to journalism. It's "I voted for and shilled for Obama" so he writes a piece of garbage to make himself and other supporters feel better about defending this disaster of a president.

#16 | Posted by Dalton at 2014-07-10 10:50 AM | Reply | Flag:

Wisgod we all know the Obama worshippers will blame the CIA. Obama will claim he read about it in the papers just like everyone else and someone in middle management is at fault.

#14 | Posted by Dalton

Well, he was busy shooting pool and drinking beer this week.....

#17 | Posted by wisgod at 2014-07-10 10:56 AM | Reply | Flag:

"And you know that none of that matters so long as the GOP controls even a minority of the Senate as the GOP has sworn to obstruct anything this President puts forth."

you still have tears left for that? stop being a child...nobody is buying that excuse except for obamabots like yourself.

"You now what would solve it? Vote Repub, yeah that's the ticket"

no, it doesn't. I realize you are just whining about the GOP as a justification for being a party line voter robot.

Whine and cry all you want, censored. you can't change the fact that you believed and were 100% sure that Obama would reverse these problems....instead you can't get over the reality that Obama hasn't impacted this trend that's existed since NAFTA. If you want to go back to Reagan.....be my guest....but only obamabots will share a tissue with you.

personally, I disagree with Dalton with Obama being a "disaster of a president". I think he has done better than I expected and yes...he has dealt with obstruction in the process.

#18 | Posted by eberly at 2014-07-10 10:58 AM | Reply | Flag: | Funny: 1

The GOP disconnect with reality is really funny to watch from this side of the fence.
If Obama were a republican the GOP would be singing his praises.
he's totally repaired the ruin of the Bush/Cheney disaster.

If not for Wall Street and then 1%ers sucking up all the money the nation would be doing fantastic.

#19 | Posted by drewl at 2014-07-10 11:22 AM | Reply | Flag:

"The border with Mexico is sealed up and those -------- really aren't crossing."

Come on...."they're only coming here to do jobs Americans won't do."

#20 | Posted by danni at 2014-07-10 11:32 AM | Reply | Flag:

"Eberly this isn't even close to journalism. It's "I voted for and shilled for Obama" so he writes a piece of garbage to make himself and other supporters feel better about defending this disaster of a president."

Yeah, we're still really yearning for McCain or Romney. Riiiiight. And Palin as Vee Pee.....we missed our chance.

#21 | Posted by danni at 2014-07-10 11:34 AM | Reply | Flag:

On issues of health care, gay rights and boosting up Wall Street perhaps he has been a 'great' president. But his failings in other areas make it hard to consider him any more than a 'good to very good' President. Even if the truth of the matter is that the GOP in the House fought him on every issue every step of the way, never giving his policies a fair shake.

#22 | Posted by moder8 at 2014-07-10 11:38 AM | Reply | Flag:

It's crappy journalism because it's merely an attempt to stereotype someone who made a single statement and assigns many many positions to him in the process. That's lazy. It's likely not that simple and Mr Newport beach isn't someone you can assign such positions to.

#23 | Posted by eberly at 2014-07-10 11:41 AM | Reply | Flag:

He took office when we were losing 700,000 jobs per month, had 2 wars going, deficits growing, stock market crashing, housing prices collapsing and.....and now we compare that to what we have today and the critics above are just like the rich fat cat described.

#8 | Posted by danni

Un-employment numbers are 'cooked books' and the stock market records are a result of the fed printing money.

barry has been in orfice for just about 6 years now and NOTHING has gotten better for 'joe average'. In fact, about 70% of the new jobs being created are making 2 jobs out of what was once 1 job. Wages are down. Life is just a bowl of cherries ddan.

#24 | Posted by Sniper at 2014-07-10 12:12 PM | Reply | Flag:

Come on...."they're only coming here to do jobs Americans won't do."

#20 | Posted by danni

Ever watch 'dirty jobs' ddan? Lots of US citizens doing real crappy jobs.

#25 | Posted by Sniper at 2014-07-10 12:16 PM | Reply | Flag:

"Un-employment numbers are 'cooked books' and the stock market records are a result of the fed printing money."

Only according to right wing liars. Everyone I know, that wants a job has a job. Not so several years ago.

#26 | Posted by danni at 2014-07-10 12:24 PM | Reply | Flag:

Everyone I know, that wants a job has a job. Not so several years ago.

#26 | Posted by danni at 2014-07-10 12:24 PM | Reply | Flag

Well that settles it! Danni doesn't know anyone w/out a job that wants one.

#27 | Posted by Dalton at 2014-07-10 12:28 PM | Reply | Flag:

Americans that don't approve of his job performance are just stupid.
#6 | Posted by Dalton

You nailed it Dalton! Although maybe they just watch too much Faux News.

#28 | Posted by SomebodyElse at 2014-07-10 12:39 PM | Reply | Flag:

"Well that settles it! Danni doesn't know anyone w/out a job that wants one."

Well, there is that pesky unemployment rate thingy. 6.1%.

#29 | Posted by danni at 2014-07-10 12:59 PM | Reply | Flag:

you still have tears left for [GOP obstruction]?
#18 | Posted by eberly at 2014-07-10 10:58 AM

The GOP wins by obstructing and maintaining the status quo. On the other hand, the Dems need to pass legislation to succeed. However, due to GOP obstructionism, the Dems need an almost unatainable super-majority (not even taking account of the Supreme Court's activism). GOP obstruction has never stopped. Those are facts.

Obama had about two years when first elected during which he could push through some meaningful legislation, but only with the assistance of such stalwart Democrats like Joe Lieberman who actually supported Obama's GOP opponent. The Pelosi House did its share, but Harry Reid was still holding onto hopes of bipartisan agreement while the GOPers in the Senate ran out the clock. The blame rests with the GOP that banked on, and continues to bank on, Obama's failure to ensure their own success.

#30 | Posted by censored at 2014-07-10 01:54 PM | Reply | Flag: | Newsworthy 1

However, due to GOP obstructionism, the Dems need an almost unatainable super-majority (not even taking account of the Supreme Court's activism). GOP obstruction has never stopped. Those are facts."

if those are facts, then how did the dems get so much legislation through since Obama's election?

en.wikipedia.org

2009

Main article: Timeline of the presidency of Barack Obama (2009)
January 29: Lilly Ledbetter Fair Pay Act
February 4: Children's Health Insurance Reauthorization Act
February 11: DTV Delay Act
February 17: American Recovery and Reinvestment Act
March 30: Omnibus Public Lands Management Act of 2009
April 21: Edward M. Kennedy Serve America Act
May 20: Fraud Enforcement and Recovery Act
May 20: Helping Families Save Their Homes Act of 2009
May 22: Credit Card Accountability, Responsibility, and Disclosure Act of 2009
June 22: Family Smoking Prevention and Tobacco Control Act
August 6: Cash For Clunkers Extension Act
October 22: Veterans Health Care Budget Reform and Transparency Act
October 28: Matthew Shepard and James Byrd Jr. Hate Crimes Prevention Act
October 30: Ryan White HIV/AIDS Treatment Extension Act
November 6: Worker, Homeownership, and Business Assistance Act of 2009

2010

Main article: Timeline of the presidency of Barack Obama (2010)
January 27: Emergency Aid to American Survivors of Haiti Earthquake Act
March 4: Travel Promotion Act
March 18: Hiring Incentives to Restore Employment Act (HIRE Act)
March 23: Patient Protection and Affordable Care Act
March 30: Health Care and Education Reconciliation Act of 2010
May 5: Caregivers and Veterans Omnibus Health Services Act of 2010
May 17: Daniel Pearl Freedom of the Press Act
July 1: Comprehensive Iran Sanctions, Accountability, and Divestment Act
July 21: Dodd-Frank Wall Street Reform and Consumer Protection Act
July 22: Unemployment Compensation Extension Act of 2010
July 22: Improper Payments Elimination and Recovery Act of 2010
August 10: SPEECH Act
September 27: Small Business Jobs and Credit Act of 2010
December 9: Animal Crush Video Prohibition Act of 2010
December 13: Healthy, Hunger-Free Kids Act of 2010
December 17: Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
December 22: Don't Ask, Don't Tell Repeal Act of 2010

2011

Main article: Timeline of the presidency of Barack Obama (2011)
January 2: James Zadroga 9/11 Health and Compensation Act of 2010 (H.R. 847)
January 4: Food Safety and Modernization Act, Pub.L. 111–353, H.R. 2751
August 2: Budget Control Act of 2011
October 21: United States-Colombia Free Trade Agreement Implementation Act
October 21: United States-Panama Free Trade Agreement Implementation Act
October 21: United States-South Korea Free Trade Agreement Implementation Act
November 21: VOW to Hire Heroes Act[89]

#31 | Posted by eberly at 2014-07-10 02:24 PM | Reply | Flag:

2012

Main article: Timeline of the presidency of Barack Obama (2012)
April 5: Jumpstart Our Business Startups Act
Stop Trading on Congressional Knowledge Act
Jumpstart Our Business Startups Act
Foreign Intelligence Surveillance Act extended

2013

Main article: Timeline of the presidency of Barack Obama (2013)
January 2: American Taxpayer Relief Act of 2012
2013 National Defense Authorization Act
No Budget, No Pay Act of 2013
Violence Against Women Reauthorization Act of 2013
Bipartisan Student Loan Certainty Act of 2013
Continuing Appropriations Act, 2014

2014

Main article: Timeline of the presidency of Barack Obama (2014)
Agriculture Act of 2014
Gabriella Miller Kids First Research Act

Gee, Censored....it looks like the GOP stopped for a break from obstructionism all of the time.

#32 | Posted by eberly at 2014-07-10 02:26 PM | Reply | Flag:

Gee, Censored....it looks like the GOP stopped for a break from obstructionism all of the time.
#32 | Posted by eberly at 2014-07-10 02:26 PM

Your numbers look impressive until you compare it to past bill passage numbers. Sure, the Repubs were happy to pass what they wanted to allow through to accomplish their policy goals. Anything that the Dems wanted that might help out non-millionaires? Not so much. And I reiterate, those are the facts.

#33 | Posted by censored at 2014-07-10 02:48 PM | Reply | Flag: | Newsworthy 1

#33

none of that speaks for the merit of any legislation that didn't pass. none of that says that the GOP, alone, obstructed that legislation....are you sure that dems didn't kill some of it?

"Sure, the Repubs were happy to pass what they wanted"

The GOP wanted all of that?

you're pom poms are worn out.

go back and get some more.

"those are my cherry-picked ideologically driven facts."

ft

#34 | Posted by eberly at 2014-07-10 02:52 PM | Reply | Flag:

"Gee, Censored....it looks like the GOP stopped for a break from obstructionism all of the time."

In 2009 and 2010, the Dems could pass legislation but since then look at how much less from 2011-2014.

#35 | Posted by danni at 2014-07-10 03:13 PM | Reply | Flag:

Worst Socialist Muslim President ever!

Waterloo! er, umm, Benghazi!

#36 | Posted by donnerboy at 2014-07-10 03:36 PM | Reply | Flag:

Restored America's stature in the world? I guess I missed that accomplishment.

#5 | POSTED BY WISGOD

It's ok. You miss a lot of things.

#37 | Posted by Sycophant at 2014-07-10 08:02 PM | Reply | Flag:

When the hell did the total amount of legislation passed become an indicator of effectiveness?
The less legislation Congress passes, the better.

#38 | Posted by homerj at 2014-07-10 08:31 PM | Reply | Flag:

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