The Incredible Shrinking Aluminum Scandal

We are intrigued by this progression of the NY Times coverage of a warehousing "scandal" supposedly orchestrated by Goldman Sachs to fleece the world's users of aluminum. From July 20:

MOUNT CLEMENS, Mich. — Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a fraction of a penny more because of a shrewd maneuver by Goldman Sachs and other financial players that ultimately costs consumers billions of dollars.

...

...the efforts by Goldman and other financial players has cost American consumers more than $5 billion over the last three years, say former industry executives, analysts and consultants.

$5 billion? BS. - the US market for aluminum in the last three years was about $26 billion, and no one is alleging that his scheme has driven prices up by 20%.

But now the Times has backed up quite a bit; this is from July 31:

Goldman Sachs has offered to speed up delivery of aluminum stored in warehouses that it controls as federal authorities examine how delays at the facilities have driven up the price of the metal.

Under scrutiny for the long waits that have cost manufacturers — and ultimately consumers — many millions of dollars, Goldman said on Wednesday that its warehouse unit, Metro International Trade Services, would give customers who store aluminum at the warehouses immediate access to their metal.

"Billions of dollars" has now become "many millions". Which is it? They have no idea. The Metal Miner did a three-part series recently (1, 2, 3) which provides useful background. They explain (3) that, contra Times reporting, the higher premium for spot delivery benefits primary producers (and keeps mines and smelters marginally profitable), not Goldman Sachs. Think of it as a jobs program inspired by low interest rates.

Contrary to popular opinion, that money is not paid to Goldman Sachs or the warehouse operators.

Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner
Read More at http://agmetalminer.com/2013/07/31/breaking-down-millercoors-3-billion-aluminum-premium-assertion/
Copyright © 2013 MetalMiner

If your company sources any product that contains steel, stainless steel, non-ferrous metals, ferro alloys, precious metals, rare earth metals, or minor metals — or if you engage in global scrap trading and consume scrap as a significant cost input — you need MetalMiner IndX℠. http://www.metalminerindx.com

Comments

[Threadkiller]

Stored aluminium:

http://www.youtube.com/watch?v=1i9wQGidG2M

[narciso]

We must have the power to do 'what you wilst;

http://hotair.com/archives/2013/08/03/judge-throws-out-states-suit-against-dodd-frank-2/

thanks Scott Brown,

[JIB]

OL,

Happy Birthday and enjoy your Nantucket sojourn. Much like Southampton but without the bluffs.

Frederick has to do 10 science/current events journal entries for summer work plus a book report and 15 pages of math. So, today its about Bronchial Asthma since Mrs. JiB experienced that this summer. Is all in who, what, where, when, why journalistic style which no one in the MSM practices anymore.

[Danube on iPad]

If Goldman doubled its wages a can of soda would only cost three cents more. Or something.

[JIB]

TK,

Just to let you know, my plan I flew for 2 years is in that so-called boneyard. That is a memorial to the most remarkable air force ever flown and is still flying.

Above all.

[JIB]

Plane not plan

[Danube on iPad]

Left to their own devices, producers and purchasers of a commodity will freely devolve into an arrangement whereby sales will take place in both a spot and a futures market. Every party on each side of every transaction is better off after the transaction is completed; otherwise the transaction would not have occurred.

It is inconceivable to the New York Times that there is not something wicked going on in all of this - after all, people are making money, and that's never a good thing in their eyes.

[Account Deleted]

"Think of it as a jobs program inspired by low interest rates."

Not even. Alcoa chopped another 800 jobs in '12. That's a lot better than the 6-7,000 reported in '10 but the '12 report acknowledges the '10 losses to be permanent.

On the bright side, the Saudi partnership venture is doing well and should contribute to the Alcoa bottom line very soon.

[Skoot]

My mother was an industrial nurse at a Reynolds aluminum can plant in the 70's. I loved walking the line there as a child. All those cans spinning around. Automation machinery, baby.

[henry]

The NYT overvalued* aluminum warehousing by a factor of 1000! That makes their Boston Globe investment a steal, only overvalued by 100.

[henry]

Oops, I forgot to explain the *

*this assumes no further adjustments in the estimate. It is likely the warehousing is a net benefit rather than a cost, provided efficient logistics on the warehousing side. GS promises to do better on that (and has development opportunities in Detroit for believers).

[Account Deleted]

Automation won't keep the commie scum from running a shakedown, Skoot. We talk about St. Jane's but Alcoa teams up with a monarchy and shutters plants in the US, Italy and Spain to compensate for the political risk in the US and Eutopia having risen to the point where further investment or risk taking (Shell, Chukchi) appears imprudent.

The NYT, as the propaganda organ of the Democrat Party, is shaking down the Vampire Squid for the '14 campaign. The propagandists acknowledge that absolutely nothing illegal has occurred but the Vampire Squid is still going to amend practices, damaging clients and partners in the process. Then they will make the necessary "contributions" to stay out of the spotlight.

I'd pay to watch the Vampire Squid choke to death on its own vomit but there is a need to clearly identify the extortion being committed by the Democrat Party because there are no barriers to it being extended dramatically.

It's not as if we have a legal system.

[JIB]

You know Harris Faulkner is one of us, I believer.

Impressive.

[daddy]

Speaking of chickenshit reporting...

The other day we got notified that as of immediately our catering out of China would not include any poultry items due to some mass contamination in China of poultry. Instead it advised us to make another selection---beef, pork etc.

So last night we came in from Tokyo to Shanghai and what was our cargo?

Thousands and thousands of baby chickens. Peep, peep, peep!
That tells me that the contamination story was true.

I had not been doing much China recently so this may have been going on for a few months---this Japanese Newspaper story from May tells us that the Chinese Poultry contamination was widespread and that it even affected Japan McDonalds:

a Japanese news outfit, allegedly carried out a supporting investigation and discovered that some of the chicken used by McDonald’s in Japan comes from the same food manufacturer in Hanan, China. At the very least, there is a possibility that some of the diseased chicken meat might have found its way into the Japanese fast food market

Bet that cost McDonald's 17%, even without raising their minimum wages!

JOMer's will recall the 16,000 dead pigs floating in the Shanghai River from a few months back. Now we have massive Chicken culls going on. I liked the old days when you could go to a Chinese Restaurant and order "1 from column A, 1 from Column B", etc.

Pretty much nowadays it's down to "1 from Column C."

Good Morning.

[narciso]

I was distressed but sadly not surprised how they went after that fellow Fab, somehow ignoring what his superiors had told him,

[narciso]

Oh, lord love a duxk;

http://twitchy.com/2013/08/03/tv-host-meghan-mccain-scores-interview-with-former-presidential-candidate/

[narciso]

Unvincable ignorance is their watchword;

http://hotair.com/archives/2013/08/03/the-mcmyth-of-the-mcpoverty-calculator/

[daddy]

test

[narciso]

O know that was a typo, which is more then Sally Quinn knows:

http://www.washingtonpost.com/national/on-faith/reza-aslan-researching-while-muslim/2013/08/02/20423904-fae5-11e2-9bde-7ddaa186b751_allComments.html?ctab=all_&

[narciso]

Remarkable what they get away with;

http://newsbusters.org/blogs/brent-bozell/2013/08/03/bozell-column-fox-vs-islam-boosting-mainstream

[Captain Hate]

That McRINO is assisting with the embarrassment of his ignorant daughter is just another marker in how far he's gone from sanity.

[rich@gmu]

a late happy birthday Old Lurker. evening all.

[Danube on iPad]

I am having a gay old time observing the unfolding realities of Obamacare.

As is always my wont, I gloat about having told these chuckleheaded saps so. But what is so exquisite now is to watch the agonized antics of its defenders.

[Old Lurker]

Thanks guys. My weeklong celebration is now over.

What do I do with this Medicare Card thingy?

[Account Deleted]

A belated HB, OL. Save your Medicare Card to show the IRS agents when they try and collect the fine for rejecting BOzocare.

I believe part of the MCD nonsense pertains to the realization of just how many times OFA is going to have to explain that "free" BOzocare means signing up for Medicaid.

[DublinDave]

Speaking of scandals the AP has just released a leaked report from inside Darly Issa's investigative team stating that the Chairman has evidence that links President Obama with the IRS scandal. This is disastrous for us. Jesus Christ. This will lead to Obama being impeached. Dear God what are we going to do what the hell are we going to-oh Jesus burns everything burnt all burn every ounce of evidence linking the President to any of this burn it allllllll burrrrrrn it allllllllllllllllllllllllllllllllllllllllllllllll!!!!!!!!!!!!!!!!!!!!!

[DublinDave]

Speaking of scandals the AP has just released a leaked report from inside Darly Issa's investigative team stating that the Chairman has evidence that links President Obama to the Benghazi scandal. This is disastrous for us. Jesus Christ. This will lead to Obama being impeached. Dear God what are we going to do what the hell are we going to-oh Jesus burn everything burn it all burn every ounce of evidence linking the President to any of this burn it allllllll burrrrrrn it allllllllllllllllllllllllllllllllllllllllllllllll!!!!!!!!!!!!!!!!!!!!!

[DublinDave]

Speaking of scandals the AP has just released a leaked report from inside Darly Issa's investigative team stating that the Chairman has evidence that links President Obama to the Solyndra scandal. This is disastrous for us. Jesus Christ. This will lead to Obama being impeached. Dear God what are we going to do what the hell are we going to-oh Jesus burn everything burn it all burn every ounce of evidence linking the President to any of this burn it allllllll burrrrrrn it allllllllllllllllllllllllllllllllllllllllllllllll!!!!!!!!!!!!!!!!!!!!!

[DublinDave]

Speaking of scandals the AP has just released a leaked report from inside Darly Issa's investigative team stating that the Chairman has evidence that links President Obama to the NSA spying scandal. This is disastrous for us. Jesus Christ. This will lead to Obama being impeached. Dear God what are we going to do what the hell are we going to-oh Jesus burn everything burn it all burn every ounce of evidence linking the President to any of this burn it allllllll burrrrrrn it allllllllllllllllllllllllllllllllllllllllllllllll!!!!!!!!!!!!!!!!!!!!!

[DublinDave]

Speaking of scandals the AP has just released a leaked report from inside Darly Issa's investigative team stating that the Chairman has evidence that links President Obama to the "SCANDAL" scandal. This is disastrous for us. Jesus Christ. This will lead to Obama being impeached. Dear God what are we going to do what the hell are we going to-oh Jesus burn everything burn it all burn every ounce of evidence linking the President to any of this burn it allllllll burrrrrrn it allllllllllllllllllllllllllllllllllllllllllllllll!!!!!!!!!!!!!!!!!!!!!

[Extraneus]

Source: Terrorists behind embassy threat in place

The State Department says there is a potential for a terrorist attack "particularly in the Middle East and North Africa."

Whoa. I hope that statement was vetted.

[Dave (in MA)]

Dub-Da has really been hitting the sauce tonight.

[DublinDave]

"Dub-Da has really been hitting the sauce tonight"

I just noticed that Tom doesn't write much about the IRS or Benghazi scandal much anymore.

Roflmao....

[henry]

Tom's just waiting for Jack Lew's ham sandwich to end up in the Capitol Gaol.

[DublinDave]

"Tom's just waiting for Jack Lew's ham sandwich to end up in the Capitol Gaol."

Yeah. That's it. Tom's just waiting,that's it. He's just waiting. And then when the evidence comes in he'll be all over it. Yeah. He's just waiting.

[sbwaters]

Pistolas.

[Extraneus]

Dub's probably right that nothing will come of these scandals, at least until we elect a president who'll instruct the AG to investigate and prosecute crimes committed by government officials. Under Obama, Democrats are enjoying a lawless environment. They can do anything they want, as long as it's in the service of the hive, and they know they won't be prosecuted or even fired. They can intimidate citizens, break laws, lie to Congress, take the fifth, ignore subpoenas, and who's going to do anything about it? No one.

[narciso]

Plasma rifles, sbw just to be sure, in other news, the Medici, cries crocodile tears, about our local Educrat fall from grace.

[narciso]

My fishwrap also showcases the fraud against Texaco by Ecuador, as a triumph of biodiversity.

[sbwaters]

Is Drudge highlighting Fed bond losses old news?

[narciso]

Burn Notice seems less fictional by the week;

http://www.weeklystandard.com/blogs/brennan-sent-letter-benghazi-survivors_742559.html

[JIB]

I forgot that Clarice is on a cruise in the Med and went to AT looking for the Pieces:)

Not a typical Sunday morning without them.

[narciso]

Am I missing something, or didn'r Pellegrini testify for the defense;

http://dealbook.nytimes.com/2013/08/02/the-penalties-and-possible-appeal-for-fabrice-tourre/?src=recg

[Janet --- -... .- -- .- ... ..- -.-. -.- ...]

This Powerline post asks good questions - http://www.powerlineblog.com/archives/2013/08/so-what-is-the-benghazi-cover-up-all-about.php

relates to this post by Barry Rubin - http://pjmedia.com/barryrubin/2013/08/02/what-the-benghazi-leaks-mean-what-difference-would-it-have-made/?singlepage=true

Perhaps Obama & Clinton had no idea what was going on. Obama's just the front man while radical leftists are doing whatever they want....& Clinton...what?...what has she ever done? She's just incompetent too.
Some handler fed them the lie & they ran with it cause they don't know any better. They're just stooges.

Why can't even ONE reporter ask President Obama some specific questions about Benghazi? On TV in front of the world...ask him directly.

[narciso]

Personally, I think the fact that the organizers of this attack, were connected to the original arms pipeline into Libya, makes more sense, from Bel Hadj who was Qatar's man, to bin Qumu, they put Khattalah out there, but he's a minnow in the big scheme of things.

http://twitchy.com/2013/08/03/guess-who-chaired-todays-meeting-on-latest-al-qaida-terror-threat-to-us-embassies/

[Fire up the orchestra, the fat lady is in make-up.]

Ah, Janet, from your Powerline link above, one of the commenters, Guy Green: How many devils can dance to the beat of a pinhead?
===================

[Porchlight]

I agree with Powerline guy - there are still so many questions. Let's say we conclude that CIA was indeed assisting with running arms to Syria. How does it help explain what happened in Benghazi? If anything you would think the presence of greater numbers of CIA on the ground would have meant better protection for Stevens, not worse. No wonder they're being muzzled.

If only we had reporters, someone might ask someone a question or two.

[Janet --- -... .- -- .- ... ..- -.-. -.- ...]

Guy Green: How many devils can dance to the beat of a pinhead?

Hah! Lots of interesting comments at the Powerline link.

[Janet --- -... .- -- .- ... ..- -.-. -.- ...]

Ole Olafsson ~
"If only there was some profession that consisted of investigating stuff of public interest, and publishing that information for people to read.
Because that would be really cool."

[narciso]

A very perceptive diagnosis;

http://sultanknish.blogspot.com/2013/08/a-schizophrenic-elephant.html?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+FromNyToIsraelSultanRevealsTheStoriesBehindTheNews+%28from+NY+to+Israel+Sultan+Reveals+The+Stories+Behind+the+News%29

[Janet --- -... .- -- .- ... ..- -.-. -.- ...]

The beginning of a comment at Instapundit (the comment is about Obamacare) -

"And a reader emails: “I think that Obama (or whoever handles him) ..."

It must be pretty common for many of us to think ol' Obama is just the front man stooge. Not that he isn't a true believer...but others are running the show.

[Captain Hate]

Since Jane is away from FNS, you'll be pleased to know that Eric Cantor is taking time away from his shamnesty bus tour with a slough of others supporting legalizing illegal behavior, to appear and talk about the possibility of a government shut down since Boehner can't discuss it, or anything else, without getting misty eyed.

[pagar]

Well, here it is.

http://pjmedia.com/lifestyle/2013/08/03/theres-plenty-of-money-its-just-the-government-doesnt-have-it-congressman-keith-ellison/

Once the government figures out how to get all of it then the government will still need more, and we'll have none.

[mockmook]

Janet, Odumbo has proven that he isn't smart enough (and that he is too lazy) to run a competent conspiracy (or to govern).

He does know how to campaign though. And, campaign, and campaign, and campaign,...

[narciso]

Wallace's conclusion that the 'surprising'
denounement of Red Chief, is the big story is
Facepalm with a Cthluthu,

[Captain Hate]

Cantor is saying some of the right things but he's ignoring (as is Chris Wallace) the bloated size of the non food stamp portion of the farm bill those imbeciles passed.

[Captain Hate]

Cantor is making a huge mistake in assuming that the commiecrats are willing to concede that entitlement spending is a problem.

[narciso]

It's just 'turtles all the way down;

http://hotair.com/headlines/archives/2013/08/04/obamas-no-win-decision-on-snowden/

[Captain Hate]

Kristol pointing out the disconnect between the garbage from a year ago about AQ being on the run and now. Howard Kurtz is on the panel; well done, Ailes. Juan being Juan.

[Captain Hate]

Wow, Kurtz being a complete jackhole to Jim Demint.

[Captain Hate]

Hmmm, I may have just lost a post to this wonderful software.

[Captain Hate]

Or maybe just deferred.

[clarice]

Promise me that if AQ attacks in Rome and kills me, you won't rest until the miscreants are brought to justice. %^)

How much longer, oh Lord? Now I read his friends and party leaders are concerned that Obama's depressed. HE'S depressed? What about us?

[rich@gmu]

clarice-

morning...afternoon? have safe travels.

Once the government figures out how to get all of it then the government will still need more, and we'll have none.

Posted by: pagar | August 04, 2013 at 10:17 AM

pagar-

we will have nothing and like it!

[henry]

Will do Clarice.

If Obama is depressed now, wait until Nov 2014!

[Janet --- -... .- -- .- ... ..- -.-. -.- ...]

narciso's 9:56 link is good too. Again - http://newsbusters.org/blogs/brent-bozell/2013/08/03/bozell-column-fox-vs-islam-boosting-mainstream

Not just for the specific story...but to point out what has been going on for decades.
I wrote this on FB with a link to the article -
"This has been going on for decades. Bible-believing Christian books are almost never highlighted in "news"papers or on TV....even if they are hugely popular. When "The Purpose Driven Life" was at the center of a news story some years ago (captured woman spoke to her captor about the book & he released her)...all of a sudden the public heard of this book that had already sold millions of copies. Only books bashing Biblical Christianity are peddled in the WaPo, NYT,...or on the Today show & other old media outlets.
Same thing happens in education. A teacher is not allowed to promote Christianity (understandable), but they ARE allowed to bash Christianity & our Judeo-Christian heritage. So it really doesn't end up being about keeping religion out of the classroom as much as keeping anything POSITIVE about certain religions out of the classroom."

[Captain Hate]

Maybe Gaylord Focker should resign to deal with his depression. He's obviously not up to the job and maybe his enablers are now unable to shield him from that truth.

[narciso]

Ditto, Janet, one is struck by how ignorant they are of most religions, but the only criticism that is allowed is of Christianity;

http://hotair.com/headlines/archives/2013/08/04/return-of-the-jesus-wars/

[rich@gmu]

awesome...lost another comment.

[rich@gmu]

good links on the Benghazi story. something to think about while we shelter in place for this weekend.

[narciso]

Our guest preacher, last night, was explaining how there didn't need to be a historical account till later on, because the memory of Jesus was so vivid in the minds of the people. They didn't
anticipate that a Gnostic heresy like that propounded by Dan Brown, would likely take hold.

[mockmook]

If Obama is depressed now, wait until Nov 2014!

Posted by: henry | August 04, 2013 at 10:55 AM

-----------

Funny, my mental health seems inversely related to Odumbo's.

Guess it would be wrong for me to hope he...never mind, he's too lazy for even that.

[rich@gmu]

mockmook-

...we can encourage him to resign and he drown his sorrows in booze and waste his time working on his short game.

but then, President Biden. YIKES!!!

listening to talking heads arguing about Obamacare. Fantastic.

[Janet --- -... .- -- .- ... ..- -.-. -.- ...]

something to think about while we shelter in place for this weekend.

I'm planning hours of soul-searchin' about my hidden inner racism.
Good times, good times....

[narciso]

They always pump up the frauds;

http://dailycaller.com/2013/08/02/reza-aslan-misrepresents-his-status-as-scholar-of-religions/

this is a big theme of Pacepa's latest book,

[Threadkiller]

If AQ even looks at you in a funny way, Clarice, they will pay dearly.

[Frau Kralle]

Liz Trotta is having fun reviewing Hillary! RODHAM! and all her warts, the biggest one being Bent Willie ("Just my Bill").

Liz suggested that if we *must* have the first woman president, after that the country would want, fittingly, the first person on food stamps as president.

[Frau Kralle]

I'm with you, Janet. I've always hated collard greens and menudo which exposes me as a double racist.

[narciso]

He also goes into how Cornwell's lies against Pope Pius got circulated,

[Ignatz]

LOL Janet at 11:32.

[bull-whip cracker]

Huckleberry likes him, for now.

http://politicalticker.blogs.cnn.com/2013/08/04/graham-praises-obama-administration-trip-to-egypt-still-on/

[rich@gmu]

janet-

your daily does of maoist self criticism.

it is a surprisingly nice day outside today so I think I'll head out.

[matt]

Interesting review of Aslan's book and another revisionist history of the early Church in yesterday's WSJ.

I believe the desire to portray the Lord as a zealot is a part of the Leftist propaganda machine's campaign to paint conservatives as the evil Romans.

By casting Jesus as a zealot they achieve a twofer; Jesus was a radical just like the OWS'ers and Jesus was a crazy if they want him to have been so in order to discredit organized religion. And Jesus is on the side of the redistributionists.

This is particularly funny when one looks at our oligarchy today who are secular heathen for the most part.

The authors seem to ignore the heresy of Jesus that was at the core of the Sanhedrin's hatred and abomination of Jesus. He was the ultimate outsider and yet the ultimate expositor of the Jewish faith according to Christian doctrine and history.

Revisionism has been all the rage and it would seem that, while trying to be provocative and sell books these are just two more example of trying to fit a 33AD narrative into a 2013AD box.

[bull-whip cracker]

Well, at least Jesus wasn't a Reactionary, which is part of the wonder of conservative belief systems.

[Marlene]

Happy Belated Birthday to OL and Mrs.Hate. We had another rainy week-end,but there is nothing better than curling up with a good book and listening to the rain on the roof. This time last year the stream was a trickle,this year the water has stayed high.Anyway,just catching up and saw a Hartford Courant article in the Bangor Daily.The Federal Bureau of Prisons wants to transfer female inmates from Danbury, CT to Alabama. Several northeastern Senators (Dems and Independents) sent a letter asking the prison bureau to reconsider. Most of the women inmates are from the northeast and it wouldn't be fair take them away from their families.(for the children)

[MarkO]

On the topic of incredible shrinking things, here's Steyn on Obama's shelter in place foreign policy.

http://www.nationalreview.com/corner/355097/cringing-superpower-mark-steyn

[centralcal]

Very late to the comment thread wishing O.L. a very happy birthday and to Mrs. Hate, too!

[JIB]

Stacy Lewis just won the Ladies British Open at St. Andrews as a young Korean lady bogeyed her way out of the lead. But Lewis won it by birdying 17 (the road hole) and 18.

First American win in a major in the last 10!

[Janet --- -... .- -- .- ... ..- -.-. -.- ...]

Wonderful snarky LI post. http://legalinsurrection.com/2013/08/mostly-white-male-bloomberg-news-house-republicans-set-to-defy-obama-are-mostly-white-men/

Nobody complained about the mostly white women's organization Code Pink ATTACKING Condi -

[centralcal]

Yeah, Janet, where were we all (on our side) screaming RACISTS!!!! Betcha, in the future we do - learned from the best of the hustlers.

[JIB]

Leading from behind closed doors.

What makes them think the threat expires on Monday morning? If I am the bad guys, I just decide to postpone the action until, say, some innocuous Wednesday in the not too distant future?

[Ignatz]

Jesus was both reactionary and revolutionary, but in the spiritual realm. When anyone attempts to use Him for their temporal political purposes it's best to remember what He said;

My kingdom is not of this world.

[Marlene]

The Senators signing the letter to the Bureau of Prisons... Murphy,Gillibrand,Blumenthal,Schumer,Leahy,Sanders,King,
Shaheen,Casey,Warren and Markey. Now I understand why they are doing this.Constituent services. :)

[bgates]

Watching "Top Gun" - on Telemundo. Everything from Tom Cruise's slicked down hair and big sunglasses to the overly emotive soundtrack makes a lot more sense in Spanish.

[Much gracious.]

Cackle, well minus a clarice, but plus a bgates.
============

[matt]

Que es mas macho? Maverick o Iceman?

[Safe habitat for democracy.]

They should have Jimmuh tag along.
===================

[anonamom]

JIB, I asked the same question of my husband this morning, thinking I'd missed some key day-specific element of this threat.

[Account Deleted]

"How does it help explain what happened in Benghazi?"

Porchlight,

Perhaps Benghazi and the President's current depression can best be understood by looking at the intersection of Progressive Underpants Gnome (PUG) policies with reality. Keep the picture of the President lecturing on Marxist drivel which Narciso posts occasionally in mind and consider the PUG Arab Spring as a logical consequence of applying the level of ignorance required to believe the drivel to tweeting Hope and Change across a region with an average IQ of 70. The French and the Brits went along for the ride for an oil payoff and the al Sissi interview in the WaPo makes it crystal clear the Egyptian military went along with the tweetfest on the basis of promises Obama had no ability (or intention) of keeping.

Putin has tired of watching the collisions of PUG policy with reality and decided an intervention is in order before the President hurts himself. The other aspect to the President's depression may be related to Jack Lew mentioning we're really broke plus the anecdotal evidence that training 10,000 Ms Jeantel's to man the Obamacare call centers is proving somewhat more difficult than envisioned when that particular PUG policy was established.

[Threading on to Glory.]

Yes, in this Kingdom, camels trot through big needles with big eyes.
============