Democrats simply hate big oil and are oblivious to the windfall profits of their pals in tech which dwarf those of the oil industry

 

Trump's pick for Secretary of State, Rex Tillerson, was the Boy Scout who paved the way for gay boys to join

Because he thought is was in the best interests of those boys.

From the story here:

Despite increasing pressure from gay rights advocates, Exxon has refused to create a specific policy barring discrimination against gay employees, as many Fortune 500 companies have done. Nonetheless, Tillerson was instrumental in lobbying the Scouts’ board to accept openly gay youths, said John Hamre, president of the Washington think tank Center for Strategic and International Studies, of which Tillerson is a board member.

“I can’t get into the intimacy of these conversations. But he agonized over this. He prayed on it, and ultimately he came to the conclusion the only thing that can guide him here is what’s best for the young boys,” he said. “I think he became a key leader in helping the group come to a consensus.”

Crony Socialism: Fed Profits On College Student Loans Rank Third Behind Exxon-Mobil And Apple!

Or is that socialist cronyism?

Anyway, those thirsty blood suckers in the federal government made $41.3 billion off the nation's college student loan program in fiscal 2013, according to the Detroit Free Press, here:

It’s a higher profit level than all but two companies in the world: Exxon Mobil cleared $44.9 billion in 2012, and Apple cleared $41.7 billion.

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That's not quite right, however.

In 2012 the profits thrown off from massive numbers of government bonds and mortgage backed securities "purchased" by the Federal Reserve and returned to the Treasury by the Fed were more than double that, as reported here last January:

The Federal Reserve sent a record $88.9 billion in profits to the Treasury Department in 2012 as it reaped gains from the unconventional programs it launched to spur economic growth.

Last year's remittance to Treasury topped the previous record of $79.3 billion in 2010, Fed records show.

Joshua Kurlantzick Totally Ignores Theft And Corruption At Heart Of State Capitalism

To know how far we've descended along the path to global fascism, with authoritarian technocrats in partnership with ideologues like Barack Obama pulling the levers and picking the winners and losers, consider this opening to a puff piece on the rise of state capitalism by Joshua Kurlantzick of teh Council on Foreign Relations for Bloomberg Businessweek, here:

Over the past five years, as much of the developed world has staggered through crisis, a new type of capitalism has emerged as a challenger to laissez-faire economics. Across much of the developing world, state capitalism—in which the state either owns companies or plays a major role in supporting or directing them—is replacing the free market. By 2015 state-owned wealth funds will control some $12 trillion in assets, far outpacing private investors. From 2004 through 2009, 120 state-owned companies made their debut on the Forbes list of the world’s largest corporations, while 250 private companies fell off it. State companies now control about 90 percent of the world’s oil and large percentages of other resources—a far cry from the past, when BP (BP) and ExxonMobil (XOM) could dictate terms to the world.

Kurlantzick spends not one moment considering the massive European and American efforts to prevent creative destruction in the banking and housing industries through the use of bailouts and monetarist central banking interventions, which represent state capitalism already in practice at the expense of hostage populations. Well, why would he spend any precious column inches on an utter and abject failure?

There's no room for that in a propaganda piece for the status quo.

James Altucher Talks Up Optimism, and Five Stocks He Doesn't Own!

Here.

Give me a break! Put your money where your mouth is, bro!

Apple, Exxon Mobil, Walmart, Amazon and Google: This year's dinosaurs are next year's tank of gas. It's happened before, and it will happen again. Maybe not right away, but Steve Jobs will die. The Arabs will try another embargo over Israel. Companies depending on relatively cheap transportation and distribution will experience tighter margins. And we can't predict the future, but a world where energy costs more is a world where electricity usage puts free operations like Google between a rock and a hard place.

On the macro side James Altucher really shows his colors: securitization without mark-to-market. You can't have the one without the other. He must be reading too much Steve Forbes.

Have fun stormin' the castle!

Flaky, as in 'Obama' (not as in 'Bachmann')

Michele Bachmann may be many things, but flaky is not one of them.

For flaky, we must throw out the much too tame traditional dictionary, and go to the Urban Dictionary, which nails it many times over:

An unreliable person. [See 'Obama' who hasn't improved one economic measure for black people, let alone anyone else, except for their government dependency]

A procrastinator. [See 'Obama' who dithered and dithered for three days after the Fruit of Kaboom bomber incident in route to Detroit because he and his administration were all on vacation, again. And how many months did it take him to decide to surge in Afghanistan?]

A careless or lazy person. [See 'Obama' who was content to let the House and the Senate duke it out over their versions of healthcare reform and provided no legislation of his own, or who let BP clean up the spill in the Gulf despite a long-standing contingency plan put in place by the government in the wake of the Exxon Valdez spill in Alaska]

Dishonest and doesn't keep to their word. [As in 'Obama' who didn't close Gitmo and didn't try the terrorists in civil court]

They'll tell you they're going to do one thing, and never do it. [See 'Obama' who promised to end the war in Iraq but our soldiers continue to die there]

They'll tell you that they'll meet you somewhere, and show up an hour late or don't show up at all. [As in 'Obama' who, the president of all the people, deliberately misses church, and patriotic or Christian holidays but never seems to miss a Muslim one]

Also spelled "flakey", or "flake" in the noun form. [Also spelled 'baked' in the adjectival form, as in the noun 'head']

She told me she would send me her pictures, but it's been 3 months and she hasn't sent me shit. She's flaky as hell.

I think Sean Hannity is still waiting for an RSVP for that beer.

Pompous Senators Rake in 18.4 Cents For Every Gallon of Gas Sold . . .

. . . while states take in 20.6 cents!

And they begrudge Exxon 7 cents a gallon in profits?

Jerks! Government is the biggest gasoline profiteer!