AIG, FREDDIE, FANNIE, TAXES and SCANDAL

Outrage at executive bonuses seems to be the issue "de jour" for many elected officials, most of them Democrats. That's Ironic. Because it is many of these same Democrats who actively participated in the bonuses or tax dodging. Rahm Emanuel, Chris Dodd, Barney Frank, Timothy Geithner, Maxine Waters, Bill Richardson make quite a list of unsavory deeds and SCANDALS.
Rahm Emanuel, according to this "Chicago Tribune" article, (Rahm Emanuel's profitable stint at mortgage giant) "earned" at least $320,000 for a 14 month stint on the board of Freddie Mac, while doing little. As we shall see SCANDAL has been close to Rahm in the past.

He was named to the Freddie Mac board in February 2000 by Clinton, whom Emanuel had served as White House political director and vocal defender during the Whitewater and Monica Lewinsky scandals.

The board met no more than six times a year. Unlike most fellow directors, Emanuel was not assigned to any of the board's working committees, according to company proxy statements. Immediately upon joining the board, Emanuel and other new directors qualified for $380,000 in stock and options plus a $20,000 annual fee, records indicate.

In addition while serving on the Board, a MAJOR ACCOUNTING SCANDLE blackened Freddie's eye.

On Emanuel's watch, the board was told by executives of a plan to use accounting tricks to mislead shareholders about outsize profits the government-chartered firm was then reaping from risky investments. The goal was to push earnings onto the books in future years, ensuring that Freddie Mac would appear profitable on paper for years to come and helping maximize annual bonuses for company brass.

But that's not the only SCANDLE during Rahm's watch.

During his brief time on the board, the company hatched a plan to enhance its political muscle. That scheme, also reviewed by the board, led to a record $3.8 million fine from the Federal Election Commission for illegally using corporate resources to host fundraisers for politicians. Emanuel was the beneficiary of one of those parties after he left the board and ran in 2002 for a seat in Congress from the North Side of Chicago.

And now Rahm is Obama's Chief Of Staff. More profiles in ... to follow.

AIG USED OUR MONEY TO BUY POLITICAL FAVORS

In addition to Senator Chris Dodd (D-CT), Chair of the Senate Banking and Finance Committee, inserting the Dodd Amendment into the Bailout Bill which allowed AIG to pay out Millions of Dollar$ in Bonuses and contribute over $100,000 to Dodd's Political Campaign, it is now revelaed that President Obama received over $100,000 in political contributions from AIG.Obama Received a $101,332 Bonus from AIG

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.

Caught with their hands in the Cookie Jar, They Are Now Embarassed?

WHO ENABLED THE MILLIONS OF AIG PAYOUTS?

Chris Dodd (D-CT) inserted the language into the bill which gave Billions of TAX PAYER Dollars (our money) to AIG. (Two Faced: Dodd Protected Bonuses, Now He Wants Them Out)

But it was Dodd who inserted language — known as the Dodd amendment — in the $787 billion stimulus bill that allowed all bonuses awarded before February 11, 2009, to be paid to AIG executives. That very amendment, which is now law, is now the chief hurdle to government officials who want to recover that money.

This is the same Senator Dodd who Chairs the Senate Banking and Finance Committee.

Dodd is the largest single recipient of 2008 campaign donations from AIG, with $103,100, according to the Center for Responsive Politics. That was more than presidential candidates Barack Obama and John McCain got, and nearly three times the $35,965 Sen. Hillary Clinton received.

Can you say CONFLICT OF INTEREST

PRESIDENT OBAMA'S DISTORTION OF FACTS

The controversy over stem cell research is being distorted by President Obama with the help of the main-stream media. This article, Obama opens up stem cell work, science inquiries, contains the following quote by President Obama.

"Our government has forced what I believe is a false choice between sound science and moral values,"

The authors are referring to President Obama's decision to allow FEDERAL FUNDS (our tax dollars) to be used for Embryonic Stem Cell Research. The problem is that the President and the Media make it appear that there was a BAN on Embryonic Stem Cell Research. This is a GROSS DISTORTION OF THE FACTS!!!

FACT: There has NEVER been a ban on Embryonic Stem Cell Research. The ban was on using FEDERAL MONEY (our Tax Dollars) to fund Embryonic Stem Cell Research. There was NEVER a total ban on FEDERAL MONEY (our Tax Dollars) as funding for Embryonic Stem Cell Research either. President Bush only baned the use of FEDERAL MONEY (our Tax Dollars) on NEW Embryonic Stem Cell Research. President Bush allowed FEDERAL MONEY (our Tax Dollars) as funding for the 21 Embryonic Stem Cell already underway when the ban was imposed.

FACT: The most promising research on Stem Cells involves Adult Stem Cells, NOT Embryonic Stem Cells. President Bush approved the use of FEDERAL MONEY (our Tax Dollars) as funding for Adult Stem Cell Research.

FACT: President Bush was the 1st President to allow ANY FEDERAL FUNDING (our Tax Dollars) for STEM CELL RESEARCH.

FACT: President Obama enabled by the sloppy, misleading reporting by the Main-Stream Media, distorts these facts to make it appear he has removed the ban which will allow "SCIENCE" to conquer all of the worst Medical Afflictions of today.

"It is about ensuring that scientific data is never distorted or concealed to serve a political agenda - and that we make scientific decisions based on facts, not ideology," Obama said.

FACTS, POLITICAL AGENDA AND DISTORTION ARE THE TRUTH IN THIS STORY. President Obama is not being HONEST about this issue, and he is being enabled by the Main-Stream Media.

Here is the full text of President Obama's remarks. (Obama's Remarks at Stem Cell Executive Order Signing) After you read these remarks, you CANNOT, in all honesty believe President Obama DID NOT DISTORT the FACTS???

OBAMA PRESIDENCY = SOCIAL DEMOCRACY

According to Dick Morris in this article, The Obama presidency: Here comes socialism, we have started down the slippery slope of no return towards becoming more European.

2009-2010 will rank with 1913-14, 1933-36, 1964-65 and 1981-82 as years that will permanently change our government, politics and lives. Just as the stars were aligned for Wilson, Roosevelt, Johnson and Reagan, they are aligned for Obama. Simply put, we enter his administration as free-enterprise, market-dominated, laissez-faire America. We will shortly become like Germany, France, the United Kingdom, or Sweden — a socialist democracy in which the government dominates the economy, determines private-sector priorities and offers a vastly expanded range of services to many more people at much higher taxes. [Emphasis Mine]

So why is that such a bad thing? Will not the World like us better if we become more like the World? That's one possibility, but by becoming more like everybody else, we also give up all that makes us unique as a Nation. One reason the European countries "hate" us is because we are that shining beacon which reminds them of their failures.

America stood as the one World Power that everybody loved to ridicule and hold in contempt publicly. But privately, they envied us because of our uniqueness. The rest of the world saw in the US, what they failed to achieve. So they attacked our unique principles because they emphasized their own failures.

Dick Morris was the "Karl Rove" of the Clinton Presidency. He has credibility when it comes to Presidential Politics. Therefore when Dick Morris expresses his opinion, it is worth listening.

In implementing his agenda, Barack Obama will emulate the example of Franklin D. Roosevelt. (Not the liberal mythology of the New Deal, but the actuality of what it accomplished.) When FDR took office, he was enormously successful in averting a total collapse of the banking system and the economy. But his New Deal measures only succeeded in lowering the unemployment rate from 23 percent in 1933, when he took office, to 13 percent in the summer of 1937. It never went lower. And his policies of over-regulation generated such business uncertainty that they triggered a second-term recession. Unemployment in 1938 rose to 17 percent and, in 1940, on the verge of the war-driven recovery, stood at 15 percent. (These data and the real story of Hoover’s and Roosevelt’s missteps, uncolored by ideology, are available in The Forgotten Man by Amity Shlaes, copyright 2007.)

FDR, like Obama, was a very Charismatic Personality. President Obama has inspired Hope in the people by his word. But his words are very light on substance. They are feel good platitudes, without specifics. Unfortunately the electorate (voters) have allowed "his words" to pass for the specifics. And on this, John McCain got it right - "Hope is not a plan." While his words are still short of specifics, the specifics of the Obama Plan have become evident.

But in the name of a largely unsuccessful effort to end the Depression, Roosevelt passed crucial and permanent reforms that have dominated our lives ever since, including Social Security, the creation of the Securities and Exchange Commission, unionization under the Wagner Act, the federal minimum wage and a host of other fundamental changes.

Obama’s record will be similar, although less wise and more destructive. He will begin by passing every program for which liberals have lusted for decades, from alternative-energy sources to school renovations, infrastructure repairs and technology enhancements. These are all good programs, but they normally would be stretched out for years. But freed of any constraint on the deficit — indeed, empowered by a mandate to raise it as high as possible — Obama will do them all rather quickly.

Of course these programs will be hailed as "Change We Can Believe In". But what will be the result of the Emperor's New Clothes? It will be change, that's true, but not what we need to believe in. Consider carefully what Dick Morris writes.

But it is not his spending that will transform our political system, it is his tax and welfare policies. In the name of short-term stimulus, he will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government. The dependency on the dole, formerly limited in pre-Clinton days to 14 million women and children on Aid to Families with Dependent Children, will now grow to a clear majority of the American population. [Emphasis Mine]

"A Permanent Electoral Majority" is going to be relying on the Government for their income, their Welfare Check. Thus insuring the Liberals continued success in the voting booth, because these voters are unlikely to "bite the hand that feeds them". This "Tax Cut" will also keep the Left happy. It is part of the Obama Campaign Promise. Another Campaign Promise, (to raise Taxes on the Rich), will be used to appease the Conservatives temporarily. He will claim that "Now is not the time to raise Taxes due to the Economy". But make no mistake, a Tax Hike is coming.

Will he raise taxes? Why should he? With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans.

If all this is not bad enough, there is more to come. More Social Democracy. More Europeanization of America. This time in the Nationalism of the Banking System. Government ownership of the Banks.

In the name of stabilizing the banking system, Obama will nationalize it. Using Troubled Asset Relief Program funds to write generous checks to needy financial institutions, his administration will demand preferred stock in exchange. Preferred stock gets dividends before common stockholders do. With the massive debt these companies will owe to the government, they will only be able to afford dividends for preferred stockholders — the government, not private investors. So who will buy common stock? And the government will demand that its bills be paid before any profits that might materialize are reinvested in the financial institution, so how will the value of the stocks ever grow? Devoid of private investors, these institutions will fall ever more under government control.

Obama will begin the process by limiting executive compensation. Then he will urge restructuring and lowering of home mortgages in danger of default (as the feds have already done with Citibank).

Then will come guidance on the loans to make and government instructions on the types of enterprises to favor. God grant that some Blagojevich type is not in charge of the program, using his power to line his pockets. The United States will find itself with an economic system comparable to that of Japan, where the all-powerful bureaucracy at MITI (Ministry of International Trade and Industry) manages the economy, often making mistakes like giving mainframe computers priority over the development of laptops.

And there is still more to come from the leadership of the Obama Presidency. HEALTH CARE AND RATIONING OF HEALTH SERVICES.

But it is the healthcare system that will experience the most dramatic and traumatic of changes. The current debate between erecting a Medicare-like governmental single payer or channeling coverage through private insurance misses the essential point. Without a lot more doctors, nurses, clinics, equipment and hospital beds, health resources will be strained to the breaking point. The people and equipment that now serve 250 million Americans and largely neglect all but the emergency needs of the other 50 million will now have to serve everyone. And, as government imposes ever more Draconian price controls and income limits on doctors, the supply of practitioners and equipment will decline as the demand escalates. Price increases will be out of the question, so the government will impose healthcare rationing, denying the older and sicker among us the care they need and even barring them from paying for it themselves. (Rationing based on income and price will be seen as immoral.)

Despite the best efforts of Michael Moore, The healthcare system of the World's Social Democracies, like England, Canada, Cuba and France, is not nearly as good as what we now have. When National HealthCare is instituted, the law of supply and demand will insure rationing of services. It will be the Government who will decide who get the care and who is denied. Those denied first will be those who need it most - the old, and the terminally ill. This is one of the "Benefits" of the Social Democracy Model of National HealthCare. It is one of the Cruelest forms of punishment for "feel good" platitudes. The campaign promise of Universal HealthCare is a myth. It cannot happen with the Obama's and the Left's ideas.

But there is still more to come. Immigration Reform is on the agenda too. Not for the right reason, though. For Political Gain is the motivation behind this promise.

And Obama will move to change permanently the partisan balance in America. He will move quickly to legalize all those who have been in America for five years, albeit illegally, and to smooth their paths to citizenship and voting. He will weaken border controls in an attempt to hike the Latino vote as high as he can in order to make red states like Texas into blue states like California. By the time he is finished, Latinos and African-Americans will cast a combined 30 percent of the vote. If they go by top-heavy margins for the Democrats, as they did in 2008, it will assure Democratic domination (until they move up the economic ladder and become good Republicans). [Emphasis Mine]

The additional result of this weakened immigration policy will be two-fold. It will increase the Left's Voter Base, but it will also make us much more subject to Terrorist Attacks. The Terrorists who hate the West, have not gone away, and many are already here. More are coming because of this idea.

As further evidence of our rapid movement to Social Democracy, consider the next two paragraphs. The Secret Ballot and Free Speech are going to be fettered with these ideas.

And he will enact the check-off card system for determining labor union representation, repealing the secret ballot in union elections. The result will be to raise the proportion of the labor force in unions up to the high teens from the current level of about 12 percent.

Finally, he will use the expansive powers of the Federal Communications Commission to impose “local” control and ownership of radio stations and to impose the “fairness doctrine” on talk radio. The effect will be to drive talk radio to the Internet, fundamentally change its economics, and retard its growth for years hence.

Dick Morris paints a bleak picture of an Obama Presidency. One which we should be very cautious about accepting.

In the end, we must all ask ourselves - "Will this help solve our Economic and Political problems?" Dick Morris ends his article thusly.

But none of these changes will cure the depression. It will end when the private sector works through the high debt levels that triggered the collapse in the first place. And, then, the large stimulus package deficits will likely lead to rapid inflation, probably necessitating a second recession to cure it.

So Obama’s name will be mud by 2012 and probably by 2010 as well. And the Republican Party will make big gains and regain much of its lost power.

But it will be too late to reverse the socialism of much of the economy, the demographic change in the electorate, the rationing of healthcare by the government, the surge of unionization and the crippling of talk radio.

Hope is not a plan, and this is not change we can believe in.

WE ARE GROWING

The Census Bureau has released population figures for the country as of July, 2008. Only two states (Louisiana and North Dakota) decreased during the period. Louisiana does not surprise me but North Dakota did. The fastest growing state on a percentage basis is Nevada.

The fastest growing Region is the West, followed by the South. Overall the US population has risen 8% since 2000.

SCIENTISTS DISAGREE WITH UN IPCC & AL GORE

Currently the UN is meeting in Poland to discuss the Topic of Man-Made Global Warming. The 52 Scientists who authored the UN IPCC are opposed by the 650 Scientists (including former members affiliated with the UN). The U.S. Senate Committee on Environment and Public Works Minority Members page has published many articles and facts which do not support the UN IPCC. UN Blowback: More Than 650 International Scientists Dissent Over Man-Made Global Warming Claims highlights the fact that 12 times as many scientists disagree with the UN's 52 who agree.

POZNAN, Poland - The UN global warming conference currently underway in Poland is about to face a serious challenge from over 650 dissenting scientists from around the globe who are criticizing the climate claims made by the UN IPCC and former Vice President Al Gore. Set for release this week, a newly updated U.S. Senate Minority Report features the dissenting voices of over 650 international scientists, many current and former UN IPCC scientists, who have now turned against the UN. The report has added about 250 scientists (and growing) in 2008 to the over 400 scientists who spoke out in 2007. The over 650 dissenting scientists are more than 12 times the number of UN scientists (52) who authored the media hyped IPCC 2007 Summary for Policymakers.

Also featured on the Minority Page of this US Senate Committee are links to FACTS. Interesting FACTS such as the PLEDGE which Al Gore asked the people of the World to sign, the Goracle will not himself SIGN. Ask yourself why!!! For all of us, the matter of Global Warming is a matter of concern. But is Global Warming Man-Made? and therefore something we need to act on with drastic measures? More and More Scientiests are saying NO!!!

“I am a skeptic…Global warming has become a new religion.” - Nobel Prize Winner for Physics, Ivar Giaever.

“Since I am no longer affiliated with any organization nor receiving any funding, I can speak quite frankly….As a scientist I remain skeptical.” - Atmospheric Scientist Dr. Joanne Simpson, the first woman in the world to receive a PhD in meteorology and formerly of NASA who has authored more than 190 studies and has been called “among the most preeminent scientists of the last 100 years.”

Warming fears are the “worst scientific scandal in the history…When people come to know what the truth is, they will feel deceived by science and scientists.” - UN IPCC Japanese Scientist Dr. Kiminori Itoh, an award-winning PhD environmental physical chemist.

“The IPCC has actually become a closed circuit; it doesn’t listen to others. It doesn’t have open minds… I am really amazed that the Nobel Peace Prize has been given on scientifically incorrect conclusions by people who are not geologists,” - Indian geologist Dr. Arun D. Ahluwalia at Punjab University and a board member of the UN-supported International Year of the Planet. [Emphasis mine]

Clearly the words of AL GORE "It's Settled" are not true. It is time for doing what we can to preserve the planet, but the DRASTIC Political solutions the "Chicken Little" types are calling for are not warranted at this time.

More and more FACTS are pointing to the fact that Carbon Dioxide (CO₂) is not the cause of Global Warming and therefore Man-Made CO₂ is not the cause of Global Warming. How do I know that? Since 2001 the temperature of the Earth has not increased while the CO₂ levels have significantly increased.

World Cools On Man-Made Global Warming

MUMBAI COULD HAPPEN HERE BECAUSE ...

WE HAVE BECOME COMPLACENT - THAT'S DANGEROUS. Complacent about the real threat of another Terrorist Attack aka 9/11 in the USA. Ray Kelly is the Police Commissioner in New York City. Mr. Kelly is in a position to know what is possible, but are the authorities listening? Ray Kelly's Wiretap Alarm says not nearly enough to prevent an attack similar to Mumbai, India.

India's three days of carnage stand as another warning about how easily terrorists can perpetrate a major attack. So when top New York City counterterrorism officials declare that U.S. intelligence laws are shackling their powers to prevent the next Mumbai, it ought to raise more than eyebrows.

After reading this article please ask yourself if total privacy is worth the loss of life this privacy allows? Or should we give up some reasonable amount of personal privacy to save lives by preventing the Terrorists from using American Legal Procedures to Handcuff the authorities? So when Mr. Kelly speaks are the right people listening? NO!

Instead, almost nobody seems to care. Seven years without an attack on the U.S. mainland has created a growing public complacency. And the anti-antiterror lobby has exploited that complacency to assail and constrain critical Bush Administration intelligence programs, making it harder to intercept terrorists before they strike. As a consequence innocent Americans may be killed.

We need to open our collective eyes to how much the success of the Bush Administration has wrought. President Bush, despite the Democrat Liberals, have been able to prevent further attacks similar to 9/11 and Mumbai. But the success has come at the price of reducing the perceived danger.

What Democrats have done, in essence, is to insert an unelected judiciary into the wartime chain of command. As Mr. Kelly notes, this is producing a "lack of accountability" and "the lack of transparency into the inner workings of the FISA process." If some faceless FISA judge denies a surveillance request from Mr. Kelly and New Yorkers die as a result, that judge will answer to no one. Under current FISA rules, we won't even know who that judge is. Meanwhile, the very Members of Congress who insisted on FISA's limitations will blame the executive branch that they put under the supervision of those anonymous judges.

There is no supportable justification for the current restrictions on warrant-less wiretaps for communications which originate or end outside the USA. Those afraid of losing their privacy due to Government Warrant-Less Wiretaps in these cases are generally the same people who gladly use services like "On-Star" and "Lojack". Both these services allow 24-7 monitoring of our driving. We surrender our privacy for this Intrusion, but not to prevent Lives From Being Lost. Remember this "Big Blue Button" privacy mentality when NSA, FISA and Warrant-Less Wiretaps are attacked.

Personally I trust Ray Kelly a Hell-of-a-lot more than the Liberal Congress.

Price of Tradition Rising

Every year (for the last 24) the cost of one of the more popular Christmas Songs has been calculated. And the Cost of "The Twelve Days of Christmas" has risen faster than the Consumer Price Index (CPI). TRUE LOVES TO FACE MOST EXPENSIVE CHRISTMAS EVER AS PNC CHRISTMAS PRICE INDEX JUMPS 8.1 PERCENT IN 2008

PITTSBURGH, Dec. 1, 2008 – The PNC Christmas Price Index increased by a lavish 8.1 percent over last year, the second biggest leap in the history of the whimsical economic analysis by PNC Wealth Management based on the cost of gifts in the holiday classic, “The Twelve Days of Christmas.”

According to the 24th annual survey, the cost of the PNC CPI is $21,080 in 2008, $1,573 more than last year. The PNC CPI exceeds the U.S. government’s Consumer Price Index – the widely used measure of inflation calculated by the Bureau of Labor Statistics. The Consumer Price Index is up 3.7 percent this year. The core CPI has increased 2.2 percent since Oct. of 2007.

Apparently the Swans are to blame for the biggest price increase; or at least the cost of them is.

The seven swans a-swimming proved to be a driver of this year’s index, carrying the greatest weight with a whopping 33.3 percent increase due to their scarcity. True Loves will spend $5,600 this year for Swans compared with $4,200 in 2007, accounting for $1,400 of the $1,573 increase. The swans typically have the largest swings in price in the PNC CPI.

Much like the government’s CPI, the PNC CPI also measures a "Core Index"—up just 1.1 percent this year - that excludes the swans. The core Consumer Price Index excludes volatile energy and food costs and is generally lower than the headline figure.

Those wishing to tighten the "Economic Belt", so to speak, might be tempted to substitute some other gift for the Swans. But the article adds a caution for those considering such a move. Remember it's not the cost, but rather the thought which counts.

“Omitting the seven swans a-swimming may be a tempting way for a True Love to hold the line on costs, but one would be advised to proceed with caution," warned James Dunigan, managing executive of investments for PNC Wealth Management.

“Because our analysts can only measure the actual cost of this seasonal treasure, not its sentimental value, True Loves may want to budget a little more carefully this year in order to purchase all the items in the song,” Dunigan said.

It appears that the cost of Birds includes the "Turtle Doves" too.

Large percentage increases were also seen in turtle doves (37.5 percent, to $56 from $40); partridges (33.3 percent, to $20.00 from $15.00) and pear trees (33.3 percent, to $199.99 from $149.99), according to PNC.

But there is some good news. The Cost of Some items fell this year.

True Loves will pay less for the five gold rings this year. Retail prices dropped by 11.4 percent (to $349.95 from $395) as retailers are trying to move luxury merchandise in light of concerns with the slowing economy, PNC found.

Two other costs in the CPI dropped this year: three French hens and Six geese-a-laying. This year the hens cost $30, a drop of 33.3 percent over last year, and the geese cost $240, falling one-third. Four calling birds remained steady, costing $599.96, the same as a year ago.

But the minimum wage is another cause for the increase.

As the only unskilled laborers in the Christmas Price Index, the eight maids a-milking received a raise for the second straight year, due to another increase in the federal minimum wage. Before 2007, they had not received a raise since 1997.

The federal minimum wage increased this year to $6.55 per hour, following last year’s $5.85. In the last two years, the maids a-milking have seen their wages rise by $1.40 per hour, an increase of 27 percent. Still, the maids will cost the True Love $52.40 this year, only $5.60 more than a year ago, a relative bargain in the PNC CPI.

The cost of most performers in the index—the drummers drumming, pipers piping and Llrds-a-leaping—jumped a modest 3 percent, essentially a cost-of-living increase, reflecting the current labor market in which the unemployment rate rose to 6.5 percent after sitting below 5 percent for much of the decade. Only the price for the Ladies Dancing was unchanged this year.

If you look for bargins by doing your shopping on-line, the figures are not good.

For those True Loves who prefer the convenience of shopping online, PNC Wealth Management calculates the cost of “The Twelve Days of Christmas” gifts purchased on the Web.

This year, the trends identified in the traditional index are repeated in the Internet version, with an overall price growth of 2.8 percent, significantly less than the traditional PNC CPI increase of 8.1 percent.

True Loves will pay a grand total of $31,957 to buy the items online, almost $11,000 more than in the traditional index.

The Bottom Line is ...

As part of its annual tradition, PNC Wealth Management also tabulates the “True Cost of Christmas,” which is the total cost of items gifted by a True Love who repeats all of the song’s verses. This holiday season, very generous True Loves will pay more than ever before—$86,609—for all 364 items, up from $78,100 in 2007, a staggering 10.9 percent increase.

PNC also provides a link for a Historical look at the cost of "The Twelve Days of Christmas".(www.pncchristmaspriceindex.com)

IS THE WORLD READY FOR 2013?

According to this New York Times Article (Panel Fears Use of Unconventional Weapon), the world will face a Nuclear, Biological or other Unconventional Attack by 2013. For those of you who thought the War on Terror was limited to Afghanistan and Osama Bin Laden, this is your wake-up call.

An independent commission has concluded that terrorists will most likely carry out an attack with biological, nuclear or other unconventional weapons somewhere in the world in the next five years unless the United States and its allies act urgently to prevent that. [Emphasis mine]

More importantly, are we the USA ready for a possible Terrorist attack using Unconventional Weapons? For that matter, are we ready for an attack like the Mumbai, India attack of last week?

In a report to be released this week, the Congressionally mandated panel found that with countries like Iran and North Korea pursuing nuclear weapons programs, and with the risk of poorly secured biological pathogens growing, unconventional threats are fast outpacing the defenses arrayed to confront them.

At the same time, the American people have become complacent. Complacent because President George Bush has done such a good job of preventing attacks.

“America’s margin of safety is shrinking, not growing,” the bipartisan panel concluded.

I must admit that so far, to my surprise, President Elect Obama has shown a retreat from his Primary Rhetoric concerning the Terror Threat that exists in the World. Hopefully this will continue to translate into an extension of the Patriot Act and support for the NSA and/or other Intelligence Gathering Activities.

Prepared before last week’s deadly terrorist attacks in Mumbai — which American officials say were most likely carried out by Pakistani militant groups based in Kashmir — the report also singled out Pakistan as a top security priority for the coming Obama administration.

Mumbai shows we cannot take Intelligence Information on Terrorist Activities lightly. Apparently India's Government did. Fortunately for India, the Terrorists were overly optimistic about the casualties their attack would inflict.

“Unless the world community acts decisively and with great urgency, it is more likely than not that a weapon of mass destruction will be used in a terrorist attack somewhere in the world by the end of 2013,” the report states in the opening sentence of the executive summary.

This opening sentence is a chilling look at the present situation. We need to be pro-active and act now, unless we wish to be re-active later. As this paragraph from this article indicates, we need to shift our focus and attention to a much higher level.

Like the 9/11 Commission, this panel called for overhauling the jurisdiction of the Congressional committee that reviews the proliferation of unconventional weapons. “Congressional oversight is dysfunctional,” the report concluded. [Emphasis mine]

Hopefully since this was a Bi-Partisan Congressional Committee, President Elect Obama and our House and Senate are listening. One last thought - THIS REPORT SAYS BY THE END OF 2013, BUT DOES NOT RULE OUT TOMORROW!!!