Dow hits 2004 low

[tw]

Subtitle says oil, once bouncing at $50 per barrel and selling for only $30 some last year is now at $55. This is CBSMarketwatch.com . Take away the George Jr rhetoric, and the market has been bad for all four years. Bad - unless you are one of the executives raping America with big bonuses, golden parachutes, manipulated spread sheets - and an outright believe that "Greed is Good". Please name one major executive in jail for fruad or theft from Enron, Waste Management, Arthur Andersen, MCI Worldcom, Global Crossing, Tyco International (which moved offshore so that stockholders could not sue it), Xerox and their accountants KPMG who intentionally created a fraudulent audit, Dynergy, Rite Aid, and who remembers how many others. Please feel free to add companies to this list. It is quite long and I cannot possbily remember them all.

Where are the guilty managers who made hundreds of $millions - criminally. Remember that the Republicans- especially the LA senator - threatened to destroy the SEC if it investigated these suspects. Remember that Harvey Pitts - the George Jr SEC commissioner - refused an Congressional offer to double his budget. They don't want to prosecute corporate crime.

So again we go to that same CBSMarketwatch page:
Marsh & McLennan is the largest of the insurance companies. They intentionally rigged market pricing to maximumize their profits at the expense of America. Aon, the second largest is also part of the investigation. What investigation? The George Jr administration would not do this investigation. NY STATE Attorney General is doing the prosecution. Why is it that State of OK had to file prosecution papers against Enron before the Federal Government would even claim to prosecute Enron executives. They hope you forget about Enron - the #5 campaign contributor to George Jr.

Can we identify the campaign contributions that are bribing this George Jr administration? Of course not. But we do know that Davis Besse, a nuclear power plant outside Toledo OH with a potential 3 Mile Island failure, was allowed to keep running after First Energy ran a $450,000 campaign fund raiser for Bush-Cheney. Furthermore, the reactor was later found with a big hole completely through its 6 foot carbon steel wall. No problem. George Jr is president. There is no penalty for maximizing profits at the risk of Toledo.

Where are all these federal prosecutions against corrupt companies AND their getting richer executives. Don't forget who gets most from a George Jr tax cut. The same wealthy 1%. If you make $200,000, then you are not seeing anywhere near the tax breaks seen by Warren Buffet - an early and major critic of all this Richman Welfare. The tax cut was not designed to put new shoes on those working in poverty. The tax cuts are for the many who also don't get prosecuted.

These Corporate and Richman welfare systems assume you don't even read the newspapers (if the article in your newspaper is not as long as this post, then it is Oprah gossip - not news). 'New York State Insurance Department' had to file charges because the George Jr administration will not even prosecute Enron!

IOW the George Jr administration knows mainstream voters - ie those in the Cellar - will remain mute while religious extremists will vote nearly 100% for George Jr. They hope you have an MTV attention span. They assume you will remain dumb, bored, and uninformed. More corporate scandels that have no federal prosecutors - just as you did not notice how the Jersey girls had to fight George Jr to get a 9-11 Commission.

Reports on this Marsh & McLennan and Aon investigation indicts most every major insurance company. Those names should be familiar. Same companies that also lost many employees in the WTC (I think Marsh & McLennan took a direct hit). Well the employees could be replaced. And our well compensated friends in the administration will not investigate the price fixing. What a cozy relationship as the price of gasoline in CA climbs to $3 per gallon.

Get ready folks. The new innovative technologies that make America more energy efficient (and create new jobs) were not started four years ago. Instead those same administration officials solution to energy was to consume more. As a result, gas at $2.30 is a certainty. The real question is how close to $3 per gallon. Based upon America's always increasing consumption, that price will not decrease. It is better to let your campaign contributors get rich rather than demand that America innovate. Corruption that stifles innovation is also what this election is about. $3 per gallon gas means these are the best it gets and that recession is probable.

Dow at 9,753 is all the way back down where it was last November, below where it was Jan 2002 (three months after 9/11), and below where it was four years ago. Where is this booming economy? Only where crime, fraud, and massive legalized bribes (campaign contributions) are going to George Jr. How to undermine an economic recovery? Let your rich campaign contributors pilfer the profits.

If you are earning less than $30,000, then where is that tax cut? If listening to George Jr propaganda, then you believe the economy is booming and that corporate corruption is in jail. After four years, the story is completely different - if we review the facts and not listen to a lying president.

Just another whole group of companies doing massive corporate fraud - and the George Jr administration will not even prosecute. Dow is dropping. As I noted back when they were advocating tax cuts, history says you get a short term boom followed by a recession. The boom is over. Welcome to paybacks - how the economy demands you now pay for those tax cuts. Apply for new jobs at those those innovative companies that sell efficient uses of oil. Oh, they were never created. George Jr tax incentives instead favored more consumption.