sâmbătă, 10 august 2013

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Obama's Cream Puff Plan to Reform US Surveillance Program

Posted: 10 Aug 2013 10:01 AM PDT

On Friday, president Obama announced a plan to reform NSA surveillance.

Don't expect much of anything to come out of it. It's a dog and pony show designed to make people feel better as opposed to any solid measures as to how much data government collects on everyone.

Here are excerpts from the above article with my comments interspersed.

Independent: President Obama told a packed room of journalists at the White House Friday afternoon that he will work to reform Section 215 of the Patriot Act - the provision which currently allows the federal government's intelligence agencies to collect domestic phone data.

The President also said that he will work to increase oversight with regards to the Foreign Intelligence Surveillance Court - the secretive judicial body that authorizes the government to collect data on communications coming in and out of the United States.

Obama said the reform will be accompanied with the roll-out of a new website which will provide Americans and people around the world the ability to learn more about the surveillance programs.

Obama: "The US will "make public as much information about these programs as possible."

Mish:  Expect to discover that the only thing "possible" is a bunch of government propaganda designed to purposely mislead the public about the extent of government data gathering activities.

Independent: Obama said he is forming an outside advisory panel to review the surveillance programs, assigning a privacy officer at the National Security Agency and creating an independent attorney to challenge the government's spy policies in court.

Mish: The NSA advisory panel will have as much say as an advisory panel of ants at an anteater convention.

Obama: "No, I don't think Mr. Snowden was a patriot," Obama said. "I called for a thorough review of our surveillance operations before Mr. Snowden made these leaks. My preference, and I think the American people's preference, would have been for a lawful, orderly examination of these laws. A thoughtful, fact-based debate that would then lead us to a better place."

Mish: Snowden is a hero.

Obama: "So the fact is that Mr. Snowden has been charged with three felonies," added Obama. "If in fact he believes that what he did was right, then like every American citizen he can come here, appear before a court with a lawyer and make his case. If the concern was that somehow this was the only way to get this information out to the public, I signed an executive order well before Mr. Snowden leaked this information that provided whistleblower protection to the intelligence community for the first time. So there were other avenues available for someone whose conscious was stirred."

Mish: There were no other avenues that would have done anything about the blatantly illegal data gathering other than making everything public.

Obama: "If you are outside of the intelligence community, if you are the ordinary person, and you start seeing a bunch of headlines saying, 'US, Big Brother looking down on you, collecting telephone records, etc.,' well, understandably people would be concerned. I would be too if I wasn't inside the government. It's not enough for me to have confidence in these programs. The American people have to have confidence in them as well."

Mish: Obama has confidence in something blatantly illegal, and he has the gall to insist you should have equal confidence.

Obama: "The question is: How do I make the American people more comfortable?"

Mish: The answer is: Stop the spying on US citizens and stop the spying on our allies as well.

Obama: "I am comfortable that the program is currently not being abused"

Mish: Even if one foolishly believes spying on US citizens is constitutional, Snowden proved without a doubt the program was repeatedly and purposely abused. And that makes the president is a blatant liar.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

A Better Bargain for Responsible, Middle Class Homeowners

Here's What's Happening Here at the White House
 
 
 
 
 
 
  Featured 

A Better Bargain for Responsible, Middle Class Homeowners

In this week’s address, President Obama says that the housing market is starting to heal, and now it’s time to build on that progress by creating a better bargain for responsible, middle class homeowners. The President announced steps he will take to strengthen the housing market, and now Congress must act to help make homeownership a source of pride and middle class security for generations to come.

Click here to watch this week's Weekly Address.

Watch this week's Weekly Address.

 
 
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Watch the West Wing Week here.

A Birthday Celebration: President Obama celebrated his 52nd birthday on Sunday – and we posted 52 of our favorite pictures from the year!

Live from Phoenix: The President left Washington on Tuesday and headed to Phoenix, Arizona, one of the cities hit the hardest when the housing bubble burst in 2009. Speaking from Desert Vista High School, President Obama discussed the progress we’ve made as a country and his commitment to continue helping responsible homeowners and promote the American Dream of homeownership

“We’ll make owning a home a symbol of responsibility, not speculation -- a source of security for generations to come, just like it was for my grandparents. I want it to be just like that for all the young people who are here today and their children and their grandchildren.”

The Tonight Show with Jay Leno: While on the West Coast, President Obama stopped by The Tonight Show with Jay Leno and discussed housing and the economy. The President spoke about the progress we’ve made in the last five years and urged leaders in Washington to work hard to help the Americans who are still being affected by the recession. 

“What Washington should be thinking about every single day is how do we make sure we’ve got an economy where if folks work hard, they can find a good job that pays a decent wage; they can send their kids to college; they've got health care they can count on; they can retire even if they don't get rich -- or even if they're not rich; and that we’re creating these ladders of opportunities for people to get into the middle class.”

#AskObamaHousing: On Wednesday, President Obama partnered with Zillow, the online real estate market place, and Yahoo!, to answer questions submitted through Twitter, Facebook, Vine and Instagram about the housing market.

“We’ve got to give more hardworking Americans the chance to buy their first home. We have to help more responsible homeowners refinance their mortgages,” President Obama said. “And we’ve got to turn the page on this kind of bubble-and-bust mentality that helped to create this mess in the first place.”

Camp Pendleton: President Obama visited Camp Pendleton to thank the troops and their families. He expressed gratitude for their sacrifices, saying,

“After our nation was attacked, you were some of the very first conventional forces in Afghanistan -— racing in, hundreds of miles by helicopter, toppling that regime and driving al Qaeda from its camps. Then when the fight shifted to Iraq, you were there -— racing toward Baghdad and deposing a dictator. And through years of combat -— in Tikrit, Fallujah and Ramadi -— your courage added to the glories of the Marines’ long and illustrious history.”

"We the Geeks”: Robots and American inventors signed online on Friday for a “We the Geeks” Google+ Hangout on “Robots.” During the Hangout, the participants discussed how robots could assist with manufacturing and job creation – boosting the American economy. 

A Better Bargain for Students: President Obama signed the bipartisan student loan interest rate compromise into law on Friday, saving a typical undergraduate student $1,500. The law reiterates the President’s commitment to making higher education more affordable – decreasing interest rates for nearly 11 million borrowers on loans made after July 1, 2013.

Holding a Press Conference: The White House Press Corps gathered in the East Room today for a press conference held by President Obama. During the press conference, the President discussed his plans to give the American people greater confidence in the safeguards surrounding intelligence gathering programs.

 

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Seth's Blog : Why not give?

 

Why not give?

Not because it's the holidays or because you get a tax deduction.

Not because someone is going to match your funds or because your neighbor won't be able to enter a marathon if you don't.

Not because the kid is at the doorbell with those cookies or because it's pledge week.

And not because you read something that pulled your heartstrings.

Right now, for no good reason (and for every good reason), even if it's only $5. Pick whatever cause you care about. And tell a friend.

What if everyone did that, right now?

Generosity is its own reward. Go for it.

       

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