A fitting memorial for the most transparent administration EVER...

[Diogenes]

Source: north-dakota-names-landfill-after-obama

Story shamelessly copied below:

North Dakota Names Landfill After Obama

The state of North Dakota has named a new publicly-owned landfill after President Barack Obama.



In an overwhelming 35-10 vote, the state Senate advanced a bill naming a 650-acre site currently under construction after the nation's 44th president. Governor Jack Dalrymple is expected to sign the measure into law Tuesday.

When completed, the Barack Obama Memorial Landfill will be the largest waste disposal site in North Dakota, and the 17th largest in the United States. It will be especially rich in toxic waste from the local petroleum and medical industries.

"We wanted to do something to honor the president," says Republican State Senator Doug Perlman, who was the lead sponsor of the bill. "And I think a pile of garbage is a fitting tribute to Obama's presidency.

"We originally planned on naming it after a nearby mountain. But then someone jokingly suggested we name it after Obama. I never thought an idea like that would actually pass. And I was pleasantly surprised."

The president is hardly popular in North Dakota. The most recent poll in December 2013 found that Obama has a 35% approval rating in the state, although that figure may have fallen further in the year since. Yet even considering the political climate, seasoned observers are surprised  that two Democratic lawmakers voted for the bill's passage.

"I supported Obama because I thought he would end the wars in the Middle East;" says Allison Mitchell, a progressive Democrat from Grand Forks. "But he decided to fight new wars abroad instead of fighting for single-payer health care and jobs here at home.

"I guess people expected me to oppose this landfill thing because I'm a Democrat. But honestly I don't really care anymore. Maybe this small act of protest will wake him up."

Ordinary citizens in the state also seem to approve of the government's choice.

"I can't think of a better name," says Joe Blough, a plumber from Minot. "It's darkly colored and it's full of bleep. That pretty much sums up Obama."

..

Too bad the story is fiction, it would save the time and expense of building a "presidential library" after the liar-in-chief permanently shuffles off to the golf course.

8-)

[Kathyp]

 :-D

[iddee]

""Too bad the story is fiction..""

For sure!

[Eric Bosworth]

That would be great if it were true... :-D

[jayj200]

Just Loved it!

[BlueBee]

I heard they're thinking about renaming Wall Street into Obama Street due to greatest stock run up in history. Record high after record high and record trillions in wealth created. 

But if the beeks want to hang out at the dump, that's fine with me.  What's that old proverb about garbage again. :-D

[Kathyp]

http://www.pbs.org/fmc/timeline/estockmktcrash.htm

"Throughout the 1920s a long boom took stock prices to peaks never before seen. From 1920 to 1929 stocks more than quadrupled in value. Many investors became convinced that stocks were a sure thing and borrowed heavily to invest more money in the market. "

What's that old proverb about learning from history again?   :-D

[Eric Bosworth]

Blue have you looked at bank interest rates lately? The only reason stock prices are so high is because at less than 1% interest people might as well keep their money under their mattress. So to get any real return the stock market is the best option. That said it will crash eventually. It is just another artificial bubble.

[BlueBee]

Now that's where the conservative's logic goes off the rails.   

Q:  Why are the banks only offering 1% interest on savings? 
A:  Because INFLATION is nearly nonexistent.  The main purpose of the banks is to keep your saving "secure".  The big metal safe any everything.  They just need to offer a little more than the real inflation rate for people to move their money from the mattress to the bank.  Hence the banks low interest rates is another proof that inflation REALLY is very low; despite what the conservatives tend to think.

Q:  Why is the gold standard bad
A:  Because of times like these!  Gold has dropped some 40% since 2012.  If your money was gold and you saw it dropping in value at 20% a year, do you think you would buy things NOW or wait for the prices to drop next year?  Consumer spending is the biggest part of our economy, if everybody suddenly stopped spending (waiting for 20% lower next year), the whole thing crashes.  With paper money the Fed can keep printing new paper to make sure we never DEFLATE! 

Q:  We're setting up for another Market Crash.
A:  It's called rotation of assets.  Equity to Bonds and vise versa.  It's been going on since the beginning of history.

Q:  Is the stock market going to crash again.
A:  Is the Sun going to come up tomorrow? 

[Eric Bosworth]

Now that's where the conservative's logic goes off the rails.   

Q:  Why is the gold standard bad
A:  Because of times like these!  Gold has dropped some 40% since 2012.  If your money was gold and you saw it dropping in value at 20% a year, do you think you would buy things NOW or wait for the prices to drop next year?  Consumer spending is the biggest part of our economy, if everybody suddenly stopped spending (waiting for 20% lower next year), the whole thing crashes.  With paper money the Fed can keep printing new paper to make sure we never DEFLATE! 

Q:  Is the stock market going to crash again.
A:  Is the Sun going to come up tomorrow? 

Ok, first Gold has only dropped 40% in comparison to the dollar. If you were to trade gold for goods it would be fairly stable.
Second Deflation is simply a correction. The Fed is just an legal organized banking cartel.

The sun will not come up tomorrow at the north pole.

[Michael Bush]

>Diogenes

My favorite Diogenes story:
A DIALOGUE BETWEEN ALEXANDER THE GREAT, AND DIOGENES THE CYNIC.

ALEXANDER. WHAT fellow art thou, who darest thus to lie at thy ease in our presence, when all others, as thou seest, rise to do us homage? dost thou not know us?

Diog. I cannot say I do: but by the number of thy attendants, by the splendour of thy habit; but, above all, by the vanity of thy appearance, and the arrogance of thy speech, I conceive thou mayst be Alexander the son of Philip.

Alex. And who can more justly challenge thy respect, than Alexander, at the head of that victorious army, who hath performed such wonderful exploits, and, under his conduct, hath subdued the world?

Diog. Who? why the tailor who made me this old cloak.

Alex. Thou art an odd fellow, and I have a curiosity to know thy name.

Diog. I am not ashamed of it: I am called Diogenes: a name composed of as many and as well-sounding syllables as Alexander.

Alex. Diogenes, I rejoice at this encounter. I have heard of thy name, and been long desirous of seeing thee; in which wish, since fortune hath accidentally favoured me, I shall be glad of thy conversation a while: and that thou likewise mayest be pleased with our meeting, ask me some favour; and as thou knowest my power, so shalt thou experience my will to oblige thee.

Diog. Why then, Alexander the Great, I desire thee to stand from between me and the sun; whose beams thou hast withheld from me some time, a blessing which it is not in thy power to recompense the loss of.

Alex. Thou hast a very shallow opinion of my power, indeed; and if it was a just one, I should have travelled so far, undergone so much, and conquered so many nations, to a fine purpose truly.

Diog. That is not my fault.

Alex. Dost thou not know that I am able to give thee a kingdom?

Diog. I know thou art able, if I had one, to take it from me; and I shall never place any value on that which such as thou art can deprive me of.
...

Alex. Farewell, old Cynic; and if it will flatter thy pride, be assured, I esteem thee so much, that was I not Alexander, I would wish to be Diogenes.

Diog. We have much in common for was I not Diogenes, I would also wish to be Diogenes.

[Kathyp]

Q:  Why are the banks only offering 1% interest on savings? 
A:  Because INFLATION is nearly nonexistent.  The main purpose of the banks is to keep your saving "secure".  The big metal safe any everything.  They just need to offer a little more than the real inflation rate for people to move their money from the mattress to the bank.  Hence the banks low interest rates is another proof that inflation REALLY is very low; despite what the conservatives tend to think.

Q:  Why is the gold standard bad
A:  Because of times like these!  Gold has dropped some 40% since 2012.  If your money was gold and you saw it dropping in value at 20% a year, do you think you would buy things NOW or wait for the prices to drop next year?  Consumer spending is the biggest part of our economy, if everybody suddenly stopped spending (waiting for 20% lower next year), the whole thing crashes.  With paper money the Fed can keep printing new paper to make sure we never DEFLATE! 

Q:  We're setting up for another Market Crash.
A:  It's called rotation of assets.  Equity to Bonds and vise versa.  It's been going on since the beginning of history.

Q:  Is the stock market going to crash again.
A:  Is the Sun going to come up tomorrow? 

There are a number of reason why banks are only offering 1% (or less) and none of them have to do with inflation.  most have to do with artificial manipulation of the money market....and, because they can.
The drop in fuel prices may curb some inflation.  up to a point, that's a good thing.  deflation or stagflation means that our economy is not growing. there is a balance and we are not hitting it right now.  This would be a great time for the fed to back off QE even more and see if things can stay relatively stable.  as usual, they will probably go a step to far.....

Rotation of assets has nothing to do with making or keeping the market from crashing.  smart investors diversify and put money where it will make money.  that changes from time to time.

You can not on the one hand claim credit for Obama on the stock market rise, and on the other claim that crashes are just a SH event.  in this case, it rises in spite of Obama and because of the feds propping it up.  if we crash, it may well be a SH events, but it may be because the fed miscalculates.  the second is more likely, i think.