The Greek Bailout

It looks like Europe has finally united and bailed out Greece — or have they?  Darrell Delamaide’s column at MarketWatch yesterday puts the whole Greek bailout process into perspective.

To start with, the bailout is not for Greece, but for German, French and other foreign banks who willfully abandoned due diligence to buy more Greek debt than any financial analyst would have thought the country could sustain.

After months of nail-biting negotiations, Greece finally reaches agreement on a bailout to prevent a debt default next month.

The 130 billion euros ($171.9 billion) in aid agreed to by Europe’s finance ministers in their marathon session will go into a managed account to make sure it goes directly to Greece’s creditors when their bonds fall due. Read MarketWatch’s full coverage of the Greek deal.

The agreement was made possible when the Greek Parliament a week earlier approved a package of draconian austerity measures, which they, as well as the European finance ministers who insisted on it, know they will never be able to deliver.

Antonis Samaras, the leader of the center-right New Democracy party, said as much during the debate when he urged members of his party to go along with the austerity measures in order to get the bailout done — and then they could be renegotiated after Greek elections in April.

In the shambles that is Greek politics, Samaras’s party is leading in the polls, though it is not expected to win an outright majority.

Even as German Finance Minister Wolfgang Schäuble was leading the charge on Monday to wring more austerity out of the Greeks, one of Germany’s top economists branded the bailout “illusory” and said the type of deflation being exacted of Greece is unrealistic.

Asked in an interview on Monday with Spiegel Online whether this new bailout could save Greece, economist Hans-Werner Sinn answered, “No, and the politicians know it can’t.”

From the MarketWatch’s full coverage story linked above:

The euro initially popped higher after euro-zone finance ministers and international officials announced an agreement to provide Greece with 130 billion euros ($172 billion) through 2014. Greece will also launch a debt swap that will see private bondholders accept a 53% write-down on the value of their holdings of roughly €200 billion worth of Greek government debt.Z

Gee, that sounds familiar.  Where have we seen a government screw private bondholders as part of a bailout package?   Looks like Europe has taken a page from the Obama playbook.

The comments following Darrell Delamaide’s column are as interesting as the column itself.

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117 thoughts on “The Greek Bailout

  1. James

    So what’s your point?

    That we are like Greece? That we will become Greece?

    You constantly have been quoting, linking, and sourcing marketwatch….and they haven’t been right ONE TIME!

    1. RetiredSpook Post author

      What’s the matter, Sasan — get up on the wrong side of bed this morning? Only someone with their head up their a$$ as far as you do would question the validity of commenting on the Greek debt crisis at this point in time.

      1. James

        you obviously are the one who got up on the wrong side of the bed.

        Also, you never did provide any evidence on your accusations to my person….I wonder why that is? Go ahead and do an IP track and tell me where I am living…

        Greece has nothing to do with the US in terms of debt or debt as a percentage of GDP. You probably know the reason why, but are to dishonest to state it.

        On another note, do you ever read anything other than Marketwatch? The bastion of right wing economic policy hasn’t exactly correct now is it? What happened to inflation? or the crash of the dollar you were predicting?

    2. J. R. Babcock

      James,

      If you have any money in an income fund, a bond fund or a money market fund that has Greek bonds in its portfolio, it could affect your bottom line. Just a thought as to why this is a timely subject.

    3. RetiredSpook Post author

      Also, you never did provide any evidence on your accusations to my person….I wonder why that is?

      Don’t need to, Sasan. Everyone here knows that you’re GT Graduate/MZA3000/Thomas Gruenenberg/ThomasG0102/James/etc..(sorry, I probably missed a few) You may change screen names every time you change your underwear, but you can’t disguise who you are. I even have your photo taped to the front of my dart board.

      Greece has nothing to do with the US in terms of debt or debt as a percentage of GDP.

      I never said it did, although the parallels between the entitlement class in Greece and in the U.S. are pretty obvious.

      On another note, do you ever read anything other than Marketwatch?

      I do read other financial sites, like Yahoo Finance, but MarketWatch is the most comprehensive financial site on the Internet. Millions of business people read the Wall Street Journal and it’s on-line entity, MarketWatch. You clearly have some bone to pick with MarketWatch, but that’s your problem, not mine.

      1. James

        Spook,

        So you think I am some person whose picture you have on your dart board? Is this a game you play with all the posters on here?

        The word “stalker” comes to mind…or maybe…”failed intelligence career”..either way, you need some more practice on those stalker skills.

        Marketwatch is decidedly conservative. You’re a partisan hack, an old one at that and at least if you admitted that before you post crap, you’d get a little respect from me.

        I know you don’t care about accuracy, honesty, and sincerity in your posts….but at least make an attempt.

  2. Green Mountain Boy

    Greece. The death of a socialist utopia. Must be hitting Sasan/Thomas/James hard. The lowest birth rate in europe coupled with one of the earliest retirement ages in the world. The young are leaving Greece in droves searching for work. Nobody left to pay all those benifits they voted themselves.

    Yep. Good recipe on how to run an economy.

    At least they have 300 days of sunshine a year. They won’t be cold while they starve.

    1. James

      Greece. The death of a socialist utopia.

      The Greeks are socialist? Hmmm..interesting….

      Must be hitting Sasan/Thomas/James hard.

      you’re just like Spook…how cute..you accuse people of being someone else when you can’t find anything else to discuss. Try harder Timothy Davis or Peoria, Illinois.

      The lowest birth rate in europe coupled with one of the earliest retirement ages in the world.

      That’s none of your business, who cares about their birth rates? do you?

      1. Green Mountain Boy

        Great response. I give it a A+ for nonsense. Then again you hardly ever say anything that makes sense.

        Got anything else to say “Mr. Educated”?

      2. James

        I know you don’t like the educated folk….shame on you.

        Frankly, I am proud of my education, and my career. Unlike you, I don’t have an inferiority complex.

        You don’t have anything substantial to say EVER. you always complain, pontificate, and complain some more about the GOP, its candidates, or the horrors of Obama’s socialist ways! ooooooh!

        Seriously, go out and farm the land, at least do something productive.

      3. neocon1

        diane visqueen AMF BS BFD BDS LOL ARF ARF

        we have seen what is left when we have had the playing field taken away and what is left is Detroit, DC, Somalia, sudan, LA, liberty city etc

        ENJOY!! ROTFLMAO !!!!

      4. RetiredSpook Post author

        HL Mencken said, “Don’t worry about the playing field being level when the time comes, and the Right knows it’s coming in the lifetimes of their children and grandchildren, the people who have been put upon most my those who have never earned privilege in America will have the playing field taken away from them.”

        I have a pretty extensive collection of Mencken quotes, Diane. Do you have a source for this, or is it something you just made up?

      5. James

        one of my favorite Mencken quotes. no truer words were ever spoken or written….

        Vile anti-Semitic quote deleted. I don’t have the authority to ban posters//Moderator

      6. Count d'Haricots

        Attn Moderator,

        I believe Sasan/James has violated the policy of overt racism. To claim a vile-hate filled- racist screed as his “favorite” quote is indefensible. His invective should be expunged and this piece of filth should be banished forthwith.

      7. Count d'Haricots

        Moderator,
        That’s a shame he can’t be banned, since this animal has clearly demonstrated he is a filthy bigot.

  3. bardolf

    What would happen if Americans reckoned the costs of higher education and health insurance premiums as taxes? They would realized they are spending a lot more per capita and getting less in return than countries like Canada or France.

    Now what if Americans got all the benefits of higher education and health insurance without paying the ‘taxes’ for them? The would realized that they are now like Greece.

    The big problem in Greece is cheating on taxes, cheating on taxes, cheating on taxes. Same in Portugal, Italy, Ireland and Spain. When it is cheaper to bribe the tax collectors than to pay taxes (if caught) things are beyond hope. The only thing Greece can do is to severely cut services.

    It is very hard to cheat taxes in the U.S. so the government will only be in a bind if it keeps adding Medicare part D, running trillion dollar wars, NCLB, …

    1. James

      Bardolf,

      I agree. The problem here is we actually pay taxes, and get no services in return.

      Instead, our tax money goes to bogus wars which gain us nothing, and it goes to special interests and bogus domestic spending projects.

      If we were more like Germany and France in the way that our tax dollars actually would give us something in return, it would be more than worth it to pay 30% income tax.

      In Germany, you get free college education for your kids because you pay 40% income tax. Here, most middle class folk pay 25%….and get nothing in return!

      Its all because we have people like GMB screaming socialism. Ah, ignorance is bliss as they say….GMB sure has that covered.

      1. Green Mountain Boy

        Well then, I would reccomend that you give up your United States Citizenship and return to Germany.

        Unfortunately, Germany doesn’t want you either.

        Socialism kills everywhere its been tried. Socialist will die a thousand deaths but the self reliant only once. I have no problem paying my bills. No Insurance, no welfare.

        I do not need the government to nanny me. You obviously do.

      2. James

        tsk, tsk, tsk, GMB, you’re more ignorant than even I thought possible.

        Well then, I would reccomend that you give up your United States Citizenship and return to Germany.

        Why would I give up my US citizenship? It is legal to have dual citizenship.

        Unfortunately, Germany doesn’t want you either.

        I am not a German citizen. Only vacationed there.

        Socialism kills everywhere its been tried. Socialist will die a thousand deaths but the self reliant only once. I have no problem paying my bills. No Insurance, no welfare.

        oooh, getting philosophical aren’t you? Socialism as you see it, is more of an irrational fear than socialism. Socialism like they have in Japan, Korea, Germany, France, Norway, Denmark, Sweden, Switzerland, Austria, Netherlands, Belgium isn’t failing. Good try though. Keep scaring yourself into thinking the evil socialists are out to get you!

        I do not need the government to nanny me. You obviously do.

        Maybe you think its ok to pay taxes and get nothing in return, I don’t. If you want to call that wanting a nanny, then you’re just ignorant and not worth the energy to educate. I recommend you stick to farming and domesticating animals for my consumption. I would appreciate it.

      3. bardolf

        We do get Medicare and Medicaid and quite a few programs useful programs like the interstate system and support of higher education. Real defense spending makes sense, military spending on billion dollar embassies not so much.

        From what I’ve seen, in Germany you get a free ‘shot’ at college which is vastly different than getting free college. It is not at all clear to me what to do with a student who has managed to avoid learning his multiplication table and yet managed to graduate high school.

        Should such a person be given another chance in college? Is that money well spent? Do you give him 1 more chance or 20 more chances to learn basic skills? For all the talk of socialism in Europe, I find the system less forgiving. That ultimately saves $$$ and gives people a ‘shot’.

        @GMB

        The government grants a monopoly to Medical Doctors and subsidizes their education. It funds most of the basic research into health care. It develops the annual flu vaccines. It gives tax breaks for medical ‘purchases’. It does most of this because it would be prohibitive for any private enterprise to attempt. In addition it provides Medicare and Medicaid, both programs which cost way more to the taxpayers than the recipients ever put in.

        Which parts of the government involvement in health care do you think should be peeled away? To me this seems like the problem of having a fishing hook in your hand. You don’t just try to take it out and you don’t just leave it in. For me step 1 is to get rid of the monopoly and step 2 is to get rid of the lawyering and layering bureaucracy which hangs over the field.

      4. J. R. Babcock

        The problem here is we actually pay taxes, and get no services in return.

        Nonsense — your taxes get invested in cutting edge, wave-of-the-future enterprises like Solyndra.

      5. Green Mountain Boy

        Which part do I think should be peeled away? That is a simple my friend. All of it. There is absolutely no constitutional provision for the government to be involved in health care at all.

    2. RetiredSpook Post author

      Bardolf, speaking of taxes, this is just too funny.

      Speaking of reality, the UK did exactly what Obama and the Democrats propose to do here — pass a surtax on high-income earners. The new tax rate of 50%, which took effect at the beginning of the year, was expected to raise a billion pounds in extra revenue each month. So how did that work out? Tax revenues dropped by more than £500 million:

      The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011. Most other taxes produced higher revenues over the same period.

      Senior sources said that the first official figures indicated that there had been “manoeuvring” by well-off Britons to avoid the new higher rate. The figures will add to pressure on the Coalition to drop the levy amid fears it is forcing entrepreneurs to relocate abroad.

      1. bardolf

        Spook

        I think this is known by the idiom “closing the stable door after the horse has bolted”. In the end, the demise of the middle class will hurt the wealthy of England. Reaping and sowing.

        I do like the word ‘entrepreneur’, kind of magical and vague. Reading this blog keeps me in touch with that ethereal way of believing in invisible hands and market innovators.

        I am too pessimistic about high income earners. I keep seeing people who’ve taken advantage of barriers to entry, legal threatening, personal connections and political favoritism. One redeeming thing about globalization is that competition is coming for the privileged along with everyone else.

      2. independent

        If rasing taxes during times of austerity doesn’t make economic sense then the opposite should also be true, and the Bush tax cuts should never have been passed.

    3. neocon1

      baldork

      The big problem in Greece is cheating on taxes, cheating on taxes, cheating on taxes. Same in Portugal, Italy, Ireland and Spain

      like the 47% of Americans who pay NO federal taxes?
      TWO HUNDRED BILLION a year spent on ILLEGAL usurpers, TRILLIONS spent on welfare queens, drunks, dopers and sloths?

      like those baldork?

      1. bardolf

        No

        When your dishwasher at Applebees only makes 10,000 a year and the government says he doesn’t have to pay taxes that is legal and so not cheating on taxes.

        When a plastic surgeon in Greece claims to only be making 15,000 a year and so pays no taxes, that is CHEATING.

        Did the US government put a couple hundred thousand into the skill set of you Applebee’s dishwasher? NO

        Did the Greek government put a couple hundred thousand into the skill set of the surgeon in Greece? Yes

        I find it strange that in the above scenario you see the dishwasher as the moocher and the surgeon as the hero.

    1. James

      If you actually bothered to do a little studying before posting an article from 2010, you’d realize that tax cheating in Greece is a big problem.

      But like I said…ignorance is bliss! Is your people’s motto this by any chance?

      “Mennonites, we make everyone else look educated and smart!”

  4. Green Mountain Boy

    Greek GDP to debt ratio is around 160% The Greek economy will shrink by anywhere from 4% to 7% depending on the source you want to believe.

    Everyone is screaming for thier fair share. Young adults are fleeing Greece as fast as they can for a better life.

    It all the fault of those tax cheats!!

    1. bardolf

      GMB

      If people had paid their taxes there would be money to pay for retirement. There would be a lower debt.

      Ultimately if a Democratic country decides it wants the government to provide services xyz then it has to collect taxes which support xyz. The Greeks got services xyz and didn’t pay the needed taxes to support xyz. The bill collector is at the door.

      It isn’t that dire. The money is owed to someone on planet earth and they will eventually collect or not collect. When that happens Greece will still exist as a country filled with Greeks. Some elderly Greeks will forgo an independent retirement and live with relatives. Some people will have to sell some goods if they want good medical services and on and on.

      Young adults who got a free college education are fleeing the country. Does that sound virtuous to you?

      1. Cluster

        Stool, maybe you can provide the proof that tax cheats are responsible for greece’s problems. Would that be too much to ask?

        And I find it hilarious that you’re blaming the rich in Greece. Is there no end to your dementia?

      2. Green Mountain Boy

        Yes Bardolf it is easy for a “democrtaic society” to vote themselves all the bennies they want. OPM is the biggest addiction in the world.

        Unfortunately the people that provide the OPM don’t want to do it. For Greece the OPM ran out years ago and they ran up a huge debt buying votes. Now the Greeks want to start on OPM from other countrys

        Sooner or later some other country will say no and the Greeks will need to fire up the printing presses.

        Maybe all those old drachmas I have stashed away will be worth something again?

      3. bardolf

        GMB

        In the end if the Eurozone countries want to continue to pay off Greece’s debt it’s their business. For all the German and French talk, their economies heavily rely on protectionism afforded by the Eurozone itself.

        If Greece declared bankruptcy why would they prefer to buy cars from Germany instead of Japan or Brazil?

        At least the old drachmas make for good stories to tell your kids. Helluva lot more interesting than the Euros.

      4. Green Mountain Boy

        Bardolf, I doubt if it will be the Germans or French. Most likely the Finns or my second choice the Dutch.

        Oh Thomas, btw, I dont grow food for consumption. I grow for seeds. Something you have to work at to see the results. You don’t have the kind of ethic to grow your own food.

        To much real work doing that.

      5. RetiredSpook Post author

        Maybe all those old drachmas I have stashed away will be worth something again?

        Maybe if you have a freight car load of them.

      6. Green Mountain Boy

        Spook, I suspect they are worth about as much as the 100 or so Heiermanns The Wife and I brought back to the States.

        Maybe they will be collectors items some day.

      7. Cluster

        So now it’s only the doctors in Greece that are responsible for the financial problems? Who would have thunk it?

      8. bardolf

        Clueless

        You’ll have to look up all the examples of people cheating on the taxes on their houses in Greece. Q: what percent of the people in the Greek government paid the correct amount of taxes on their homes? A: 0

        It’s kind of like a country filled with Obama appointees.

    2. neocon1

      like the 47% who pay NO federal taxes?
      just wait until it is 53% that’ll show ya

      wy just look at how well that worked for the soviet union…Oh wait
      N. Korea……..No, Cuba……..well maybe Somalia. the sudan? laos? cambodia?

  5. Cluster

    James, barstool and Diane have certainly gone out of their way today to confirm my belief that liberals are completely incapable of talking substance, preferring instead to wallow in dogma and half truths. The fact is, America is very much a socialist country – when 47% of the population pays no income tax, over $500 billion spent on welfare entitlements and with Medicare, Medicaid, and the other various state run programs, it’s not difficult to realize that socialism already prevails. What James and barstool want to believe is that if we would just move more in that direction, life would be better – my question is for who? The people that pay for those entitlements, or the ones that don’t.

    And did I just hear barstool and James tell us that we receive nothing for our taxes? You might want to have a conversation with Elizabeth warren because she is convinced that you two built this nation, which would be a return on your investment would it not? And one more thing, maybe James can tell us how adding another bureaucracy to the health care industry will bring down costs – I have yet to hear that explanation.

    By the way, unemployment is now 9%

    1. James

      James, barstool and Diane have certainly gone out of their way today to confirm my belief that liberals are completely incapable of talking substance, preferring instead to wallow in dogma and half truths.

      pot calling kettle black? Have you read the stuff Neostupid posts?

      The fact is, America is very much a socialist country – when 47% of the population pays no income tax, over $500 billion spent on welfare entitlements and with Medicare, Medicaid, and the other various state run programs, it’s not difficult to realize that socialism already prevails.

      Again, maybe you don’t know the meaning of Socialism, that’s not my fault. But don’t be an idiot, please, for your own good, educate yourself. If you consider 500 billion to qualify us a socialist country, then by your definition, we are a military dictatorship first considering we spend about 700 billion a YEAR on the military.

      But obviously you won’t go there or mention that because you’re scared of a towel head in the desert blowing up your home in Arizona. Be that as it may, America is a republic. We have some programs that are socialized, but by no means are we socialist. Grow up, or just do us all a favor and look up the meaning of the word in the dictionary.

      What James and barstool want to believe is that if we would just move more in that direction, life would be better – my question is for who? The people that pay for those entitlements, or the ones that don’t.

      Has it ever occurred to you that some poeple don’t make enough money to pay Federal Tax? has it ever occurred to you that people still pay payroll tax, and medicare tax, and other taxes even though they don’t pay federal income tax? Do you believe that you should pay federal income tax if you’re a single mother making 30k a year with 2 kids under 18?

      But the way, unemployment is now 9%

      unemployment is 9%? where? In Arizona? In your Town?…..

      1. Cluster

        Towel head? I didn’t take you for a racist, but I guess I was wrong. Of course your many references to old white guys should have been my first clue. The military is the most important responsibility of the federal government James, you may want to retain that information for the future.

        And the unemployment is now 9% which is widely reported. Look it up

      2. James

        Cluster,

        the truth sometimes hurts. You obviously don’t handle the truth very well.

        Tell me, what percentage of people in your party, the GOP are minorities? Why is it that minorities for the last 50 years have voted against the GOP in vast numbers?

        And you have any sources for the unemployment claim there sport? BLS reports the unemployment at 8.3%

        If you have any information we don’t, pass it along. My hunch is, you’re just a liar and a fraud.

      3. Cluster

        So now calling people towel heads is the truth and not racist? Good to know.

        “The U.S. unemployment rate, as measured by Gallup without seasonal adjustment, is 9.0% in mid-February,” Gallup said in its mid-month unemployment survey, released on February 17. “The mid-month reading normally reflects what the U.S. government reports for the entire month, and is up from 8.3% in mid-January.”

        Also, what is an acceptable minority percentage for each party James? I am just curious as to what level you like to divide and categorize people.

      4. Caveat Emptor

        Gallup Finds Unemployment Climbing to Nine Percent in February

        “If you consider 500 billion to qualify us a socialist country, then by your definition, we are a military dictatorship first considering we spend about 700 billion a YEAR on the military.”

        Dear moron, the “military” is the Constitutional responsibility of the Federal Government; your Food Stamps are not.

        ” has it ever occurred to you that people still pay payroll tax, and medicare tax, and other taxes even though they don’t pay federal income tax? ”

        Hey, stupid-sasan. has it ever occurred to you that the Federal Government doesn’t pay for your social welfare out of Payroll taxes (which include Medicare dummy), sales taxes, or “other” taxes on individuals?

        You really are the most ignorant immigrant on this thread.

      5. James

        Caveat Idiot,

        Dear moron, the “military” is the Constitutional responsibility of the Federal Government; your Food Stamps are not.

        The post office is also a duty of the federal government, but many conservatives on this backwater blog have advocated giving it to the private sector. I see you mention the constitution when it suits you.

        Defense of the nation is in the constitution, having 700 military bases around the world, and protecting impotent countries from their enemies is not. Nice try though idiot.

        Hey, stupid-sasan. has it ever occurred to you that the Federal Government doesn’t pay for your social welfare out of Payroll taxes (which include Medicare dummy), sales taxes, or “other” taxes on individuals?

        Who ever said the Feds pay for welfare out of those taxes? You said that, not me. The point is, someone making 30k a year with two kids shouldn’t be paying income tax. If you don’t see that, then you’re the moron.

        Also, you must be Spook’s benign older (if that’s possible) brother. What is your obsession with this person? I asked Spook, and I’ll ask you, check my IP and tell me where I am posting from. Ill give you a hint – “Santorum”

        You really are the most ignorant immigrant on this thread.

        Talk about pejoratives….and since when is being born here considered an immigrant?

        Moron.

      6. James

        Caveat stupid,

        Ps. Ill trust the BLS any day over a poll conducted by Gallup posted on a RIGHT wing news site.

        Yes! you’re an unbiased source of facts! NOT!

        Get a life moron.

      7. neocon1

        sasan/james

        Have you read the stuff Neostupid posts?

        @“But obviously you won’t go there or mention that because you’re scared of ** a towel head ** in the desert blowing up your home in Arizona”

        Bwaaaaaaaa ha ha ha ha, OMG :) LOL :) LOL
        you people are BEAU-TI-FUL thanks for the laugh!!!

      8. Count d'Haricots

        neo,
        Did you see that disgusting piece of racist filth the persian from Texas posted earlier? Sashole Ziataboob is without doubt a fine example of human excrement.

      9. Caveat Emptor

        Hey a$$hole james,
        “Defense of the nation is in the constitution

        Funding, for every aspect of military existence from operations to equipment is in the Constitution, not the use of it. you Ignorant Immigrant!

      10. James

        Count of Won’t,

        Did you see that disgusting piece of racist filth the persian from Texas posted earlier? Sashole Ziataboob is without doubt a fine example of human excrement.

        Since when am I Persian? That’s simply offensive! Also, what’s “Sashole Ziataboob”? is that your own secret language you speak with neostupid?

        Please, if you take offense to the quote, take it up with Mencken and his next of kin. I simply believe what he wrote is true…does that make me the writer?

      11. neocon1

        count

        neo,
        Did you see that disgusting piece of racist filth the persian from Texas posted earlier?

        No I missed it,
        but I did catch the evil things he said when our 6 month old (in the womb) Grandson was born only to die 5 hours later. Nothing out of this iranian pile of pig entrails surprises me.

    2. bardolf

      No, I didn’t say we receive nothing for our taxes, in fact I said to James

      “We do get Medicare and Medicaid and quite a few programs useful programs like the interstate system and support of higher education.”

      I know in your tinfoil model us “liberals” have a secret handshake and agree on mooching from the “entrepreneurs” but you missed the fact that I disagreed with James’ assertion that we get nothing for our taxes.

      I don’t know about James, but I didn’t vote for Obama in 2008 and don’t think he’s been a good president. But I don’t think his big fault is the economy, which will recover independently of the office holder. I don’t like Obama’s attacks on essential freedoms, his warmongering in Libya, his sending drones in to kill US citizens, his sending in the cops to outlaw medical marijuana at the behest of the alcohol and tobacco lobbies,… I most of all don’t like his opinions on life issues. OTOH I don’t see Mitt as walking the walk and Santorum confuses liberty issues with theology and is a bridge to nowhere porky pig.

      BTW, how come you haven’t come up with a clever name for James yet?

      1. bardolf

        Neoconehead

        I wish people would stop calling you racist. I’d like the liberals on this blog to understand that you hate all poor people no matter what race they are!

      2. neocon1

        sasan/james

        LOL

        sorry dude no ce-gar, by the way did you and tommy get that H bomb yet?
        well if Israel doesnt ruin your day that is…..

      3. neocon1

        baldork

        LOL

        sorry but I do NOT “HATE” any one.

        I “hate” the socialistic system that the donks have built around the granny state to keep people on the “plantation” and the so called education system that is pumping out 12 th graders who read on a second grade level and 5 th grade math.

        I hate politicians who lie through their teeth to remain in power.

        I hate the murderous system of communism,

        I hate the lie from the pit of hell that murdering your child in the womb is a “choice” like a pair of socks.

        I hate that the perversion and mental illness of homosexuality is uplifted like it is a gift from above and not called the pathology it is.
        I do not hate homosexuals personally, but I do hate the SIN and call it so accordingly.

        I hate pompous bloviating public servants who never had to work a day in their lives thinking their SHIITE does not stink.

        I HATE the murderous cut throat cult of islam and it’s lunitic adherants and those who enable it.

        see NOWHERE the “poor” per se, I have one whole side of my family who are now on the third generation of the dole, so I know it first hand.

        capice? balDork?

    3. susanmir

      Is this the same Sasan who went online to ask strangers for advice because he finally got to third base with a skank at his school and she dumped him because he was so desperate and lousy in the sack? She rubbed his nose in it by getting it on with his “best friend” right in front of him and he still was begging her to take him back.

      Jew-hating woman-hating America-hating loser Sasan who claimed he was from Norway? Lying Sasan who kept inventing jobs and bragging about how much money he made? Pig-eyed unibrow Sasan who said he had a luxury townhouse near the Eiffel Tower but really lives in a run-down condo in a low-rent section of Houston?

      Almost-room-temperature IQ Sasan who can only post his mental excrement?

  6. Cluster

    The problem in Greece is not the entitlements and public union pension costs. No. The problem in Greece is that people aren’t paying their taxes.

    The Wisconsin state budget is balanced and with a slight deficit projected for next year, of which can be remedied. That’s what happens when an adult leads the way, tells the truth, and makes things happen. Unfortunately, Obama is better at pandering and golf, rather than making things happen.

    1. bardolf

      The scale of Greek tax cheating was at least as incredible as its scope: an estimated two-thirds of Greek doctors reported incomes under 12,000 euros a year—which meant, because incomes below that amount weren’t taxable, that even plastic surgeons making millions a year paid no tax at all. The problem wasn’t the law—there was a law on the books that made it a jailable offense to cheat the government out of more than 150,000 euros—but its enforcement. ‘If the law was enforced,’ the tax collector said, ‘every doctor in Greece would be in jail.’ I laughed, and he gave me a stare. ‘I am completely serious.’ One reason no one is ever prosecuted—apart from the fact that prosecution would seem arbitrary, as everyone is doing it—is that the Greek courts take up to 15 years to resolve tax cases. ‘The one who does not want to pay, and who gets caught, just goes to court,’ he says. Somewhere between 30 and 40 percent of the activity in the Greek economy that might be subject to the income tax goes officially unrecorded, he says, compared with an average of about 18 percent in the rest of Europe.

      1. Count d'Haricots

        Oh, sure … the problem isn’t that the government is spending far more than they take in, it’s that they’re not taking in enough. Got it.

        Clue to the Greeks; if you don’t have it don’t spend it.

      2. bardolf

        Count

        In your universe is the “Government” made up of aliens imposing a matrix like existence on mankind? Maybe you’ve spent too much time at the comic conventions too.

        On Earth, “governments” are made up of people from the nations they govern. In the Western World, the “government” is shorthand for a group of elected citizens making laws on behalf of the citizens. The Greek citizenship, as a majority favor a social net of benefits which they were unwilling to pay for in taxes. Not the end of the world.

        You live in California, a planet which is also reluctant to increase taxes to broadly serve the needs of its citizenship in the area of higher education. Looking at the changing demographics in the STEM programs at your top public universities, Cal-Berkeley, UCLA, UC-San Diego over the last few decades vs. the changing demographics of the community college system is all one needs to understand the difference between the GOP and Dem positions on who pays and who benefits from taxes.

  7. Cluster

    I find it hilarious how James consider himself to be educated, enlightened and smart all the while claiming that the GOP is a party of old, white, racist men, without a single thought given towards distinguishing between the political thoughts of each party

    I guess demonizing those you don’t understand qualifies as smart in some liberal circles.

    1. James

      Cluster,

      When have I said the GOP bit on this thread? or maybe you’re the habit of regurgitating talking points?

      ps. you sure don’t change the typical GOP stereotype…instead, you reinforce it.

      1. Cluster

        Not yet on this thread James, but it will come. It doesn’t take long for you to get angry and start letting the pejoratives fly.

  8. Green Mountain Boy

    When it comes time to hoist the black flag where will Sasan/Thomas/James be? Nowhere to be found?

      1. Green Mountain Boy

        Oh I am sorry I thought you were familiar with H.L. Menckens quotes. My fault. I forgot to remember that you are “educated”

        I LOLed again. Just one more! LOL.!!

      2. neocon1

        LOL

        Ahab The Arab lyrics
        Ray Stevens

        He had emeralds and rubies just drippin’ off ‘a him
        And a ring on every finger of his hand
        He wore a big ol’ turban wrapped around his head
        And a scimitar by his side
        And, every evenin’, about midnight
        He’d jump on his camel named Clyde, and ride

      3. Count d'Haricots

        neo,

        Sashole is a Persion not an Arab, but that’s a distinction that’s only important to Sashole and his ilk.

      4. James

        GMB, I didn’t say I was familiar with all his quotes. I simply like that one the best. (the one I posted above).

        You can LOL yourself all you want, at the end of the day, you’re the one farming, and I am the one making 6 figures and getting a tax refund! Imagine that!

        Good day farmer!

      5. Green Mountain Boy

        Why thank you! I did have a good day. It will be even better tommorrow.

        Are you sure you are not famliliar with that particular quote? It is one of his more famous ones.

        Those that brag usually don’t have what they brag about. You are not an exception to rule.

        Insulting Farmers? Another LOL there. Thats not being a very good communist there.

        Tell us was your papa a meber of the MEK?

      6. neocon1

        sashohe

        James February 22, 2012 at 8:32 pm #

        Count of Don’t…….

        may a pig SHIITE in your mouth at your final breath.

      7. neocon1

        sashohe

        and I am the one making 6 figures and

        First Advanced pays you that much?
        does Miraghajan Ziatabar know that?

  9. James

    Gmb,

    Interesting, you brag about having your farm…..wonder if you have that?….

    As far as my income and tax refund…..I’m happy to take it.

    As far as making fun of farmers….I like to make fun of you…seeing your Luddite actions are simply priceless.

    1. Green Mountain Boy

      A Luddite on the net? LOL theres another good one. I don’t I have ever bragged about my farm and you are more than welcome to come visit.

      For about two more weeks. You see I am moving. I am taking over my Great Uncles homestead and property near Berlin, Illinois. My family just got too big, we need more room.

      I will keep you updated though. Let me know if you are interested we will set out a nice meal of pork roast for your visit.

      1. neocon1

        **** Driscoll
        Houston TX 77098 Cell: 713-498-**** ***** l@r.postjobfree.com
        Sasan Ziata***
        Objective To obtain an Engineering Position that can put my full skills to use and to advance my career.
        Experience October 2007 – Current SBM Offshore Group Houston, TX
        • Electrical Engineer III / Instrumentation III / Package Engineer
        • Duties Include: Editing, Checking, and Redlining CAD drawings for submission to customers. Going for FAT of devices and instruments. Designing and changing existing designs for BOP systems, Drilling Systems, and DP systems. Working in Intools to updat e our database system. Maintaining and making new Cable Schedules on Excel. Drawing termination and one line diagrams for various systems. Producing Load lists for clients and analysis. Work with purchasing department for procurement. Running scripts on AutoCAD.
        • Worked on P&ID’s for all instrumentation. Extensive experience with PAGA and PABX. Kept database in INtools with regards to all instrumentation for semi-submersibles. Worked with instrumentation such as Level Transmitters, Pressure Transmitters, all other applicable instrumentation for drilling systems. Maintained our signals in INtools. Created tags for different instrumentation and maintained them.
        • Part of Systems Engineering Group which worked on TDS2000, TDS2500, TDS Odebrecht. All semi-submersible offshore drill platforms. Worked with high, (110kv), low, and medium voltage applications, MCC’s, switchgears, UPS’. Sized different transformers based on applicable data. Designed switchgears for applicable systems.
        • Worked on Power transmission systems for offshore platform. Worked on transformer sizing, and power generation and distribution for offshore platforms and land rigs. Worked with 3-phase power transmission for offshore platforms. Designed redundancies for power transmission on platforms for more efficient power routing in case of downtime. Worked with both AC and DC power. Knowledge of Electricity distribution for platforms.
        • In charge of Drilling “Package” for TDS2500 and TDS2000. Directly supervise 2 designers and 2 Engineers. Organize weekly meetings with engineers and designers regarding project. Met with Vendors, clients regarding progress. Turned in weekly progress reports.. Knowledge of project management and team leading. Experience with FPSO design and relevant equipments
        • Promoted to Package Manager. Did cost analysis, risk analysis, and project consulting with clients with regards to the specified Package. Was in charge of package execution planning for the project.
        • Used skills acquired from MBA in leading the most productive and efficient team in systems engineering. Drilling package team was at 95% productivity compared to company average of 78%.
        March 2007- September 2007 Aker Kvaerner MH Houston, TX
        • Electrical Engineer II
        • Basic Duties: Prepare basic electrical rig packages for sales department, design edit and redline schematics for electrical systems on rig. Monitoring supply of electrical parts and equipment from vendors. Prepare approved vendor list for electrical parts and equipment.
        • Design and present basic rig packages for offshore and land rigs.
        January 2005- February 2007 National Oilwell Varco Houston, TX
        • Electrical Commissioning Specialist. / Field Service Engineer
        • Duties included: Simulating rig electrical systems to confirm operation, fixing problems that occurred during simulation, Installing Oil Rig SDAQ software which controlled the drilling equipment and monitoring system. Installing KEMS data values which was the backbone of the safety emergency system. Troubleshooting the top drive system patented by Varco. Troubleshooting the SCR house systems and confirming operation. Troubleshooting Baylor Brake system. Signing off on equipment, which was tested and ready for delivery. Taking part in Commissioning and FAT’s for NOV.

        Education University of Saint Thomas, Georgia Institute of Technology
        • Masters in Business Administration, GPA: 3.85/4.00 Graduated in Spring 2008, St. Thomas
        • Bachelor of Science in Electrical Engineering. 3.21/4.00. Graduated in 2004, Georgia Tech
        Electrical Engineering Courses: Circuit Analysis, Electromagnetic theory, Micro-electronics, Semiconductor design, Analog Electronics, Power systems, Digital IC
        Skills Expert with Windows 2000/XP, Microsoft Office 2007, Internet Explorer, expert in AutoCAD, HTML, JAVA, Fluent in French, Dutch, Eng lish, and Farsi, Intools Database software, Cloudis cable routing software, and ETAP ARCFLASH software. Experience with SAP. Certified offshore safety and survival. CPR certification, AED, PDMS experience as well.
        Reference Available Upon Request.

      2. neocon1

        I must have you and your brother mixed up….a RACIST lawyer?

        maybe the Texas bar would like to read the racist anti JEW rants you have been posting eh LAW-YER?

      3. James

        Last I checked, posting a quote from someone else isn’t illegal.

        Keep up the amateur stalker game, I’m sure you’ll get better at it

      4. James

        So neo stupid,

        Which is it? Who am I? Wy don’t you provide some evidence? Why don’t you tell us more about this so called person?

        You sure you’re employed jackass? You seem to have a lot of time on your hands?…..hmmmm…..interesting….

  10. Green Mountain Boy

    For someone with an “education” you sure do ask a lot of questions. What are you. A Greek economist?

  11. neocon1

    sashole

    a business and your fathers name is RACIST???

    who’d a thunk that?

    how is that pig roast coming for the family reunion sasoon?

    1. neocon1

      sashole/jamestooge

      LOL

      Fixes A/C’s? yes among things.
      Three “wimpy” sons?, I’ll let you ask them that in person.
      Old “hag”? she is not Iranian.

      we know who you are…..you can run but you cant hide…….PS say hi to the PIG in a blanket for us ROTFLMAO !!!!!

      OINK

    2. neocon1

      sashole/james

      I’d recommend sticking to your forte and leave the stalking to Spook…

      stalking? LOL
      we dont need Spook for that, we use him for the REAL stuff. (shhhh) national security you know.

      you left a bread trail right to your front door you Moron and you got busted.

      LAW-YAH my ass as Ama says where did you graduate from berthas school of hair dressing and law? Ha Ha Ha Ha Ha Ha !!!!

  12. Green Mountain Boy

    The current Finance Minister of Greece, Evangelos Venizelos, was quoted as saying “Around 15,000 individuals and companies owe the taxman 37 billion euros.

    Drop in the bucket. Even if collection was guarenteed in the morning, Greece is still an economic basket case.

    37 billion Euros might keep them going for 3 months, if that.

    1. bardolf

      GMB

      I think the minister means that the tip of the iceberg is that 15,000 owe 37 billion. I don’t read it as the totality of tax cheating is 15,000 people which is quite impossible since 30,000 Medical Doctors paid no taxes.

      1. Green Mountain Boy

        Ok, Lets add 30k doctors and and say 74 billion dollars. Add the other 37 billion and give a total 111 billion dollars. Not even half of Greece’s GDP.

        Alrighty then. Lets give Greece an extra 5 and ½ months of paying for those civil servants to retire at the age 55.

        Then is Greece officially a economic basket case?

      2. bardolf

        GMB

        It doesn’t matter but I suspect the majority cheat of Greek citizens cheat on their taxes. Not 10 thousand or 40 thousand but 5 million. Again, it doesn’t matter. The problem is too little in revenue for the government versus too much spending.

        I’d like to ask again your opinion on the virtuousness of young Greek college graduates taking their skills, paid for by the taxpayers, and going abroad to avoid dealing with the financial problems. Do they owe something to their country?

      3. Green Mountain Boy

        “I’d like to ask again your opinion on the virtuousness of young Greek college graduates taking their skills, paid for by the taxpayers, and going abroad to avoid dealing with the financial problems. Do they owe something to their country?”

        I think I’ll be unfair here and ask a question of your question. Just how much do those young people that are leaving owe? Should they have to repay the cost of thier college education? Yes they should. Other than that I can’t see why they owe Greece a single euro.

      4. bardolf

        GMB

        That sounds fair (one can argue they should also pay for their k-12 education as well, but we’ll leave that alone). $120,000 for 4 years is the rate of out of state tuition at UIUC, you think the Greek government does it for cheaper or should the youthful exodus be asked to pony up 80,000 Euro?

      5. Green Mountain Boy

        The Greeks themselves set up a system wher all levels of education were provided by the taxpayer. Greece, like the United States has a shrinking base of taxpayers.

        Greece has a few options.

        Option 1 They can extract whatever money they can get from those taxerpayes at the point of gun.

        Option 2. They can leave the Eurozone and get benny and the inkjets printing up new worthless to anyone but the Greeks themselves, Drachmas.

        Option 3. They can sponge of the rest of the world until someone finally says no.

        They can spend what the recieve.

        Which option do you think they will take?

    1. neocon1

      maybe we can give OUR 47% one way tickets to Greece. :)

      Oh wait…..according to bloodyDump and sashole/james that would be raaaacist….WHY is that?

      1. neocon1

        drudge;

        HALF of Americans don’t pay income tax despite crippling gov’t debt…

        Afgans burn effigy of ‘Black Dog’ Obama…

        Gas Prices Jump 10 Cents — in Two Minutes!

        $6 GAS

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