U.S. "aid to Israel is, by far, the largest chunk of our foreign aid budget. That portion of the budget is increased (an extra billion in this year's budget) while real aid programs to the sick, hungry and impoverished in Africa, Asia, and Latin America is always on the budget cutters' chopping block. (Mitt Romney says China should provide non-military foreign aid, not us -- the wealthiest nation on earth).
It's no secret why Israel's gifts from the U.S. are immune. The Israel lobby uses its power to direct campaign contributions to ensure that no Member of Congress, or president for that matter, ever dares suggests that Israel take a hit as Americans do.
You have to wonder why Israel, at least for propaganda purposes, does not offer to accept a cut given that so many Americans are hurting so badly. I suppose the Netanyahu government does not want to establish any precedent by which Israel aid goes any direction but up, regardless of how badly the U.S. economy is doing.
There is no way that major Wall Street players ever saw the Facebook IPO as a long term investment. We are in all probability looking at a get-rich-quick "pump and dump", but there may well have been an additional agenda at work.
We know the main players manipulkate the markets. The almost $12 billion poured into the Faceook IPO late Friday to prevent the price from going into the red represents one form of obvious manipulation. And there are many others, including the use of high-speed computer trading systems
However, because of the many years that the PPT has manipulated the stock market with their high-speed computer trading systems, savvy small investors have left trading, which means the actual flow of cash into the market has dried up. The PPT games shuffle what money exists around and around in circles trying to run up some impressive looking numbers, but the volume and the value is simply no longer there.
So, part of the reason for the major push for Facebook may have been to lure young investors into the market with the Facebook "brand", rubes too dumb and inexperienced to know they were lambs to the financial slaughter, to form the new lowest level of the Wall Street pyramid scheme.
The value of such a re-invigoration easily explains why the major Wall Street firms turned a blind eye to Facebook's inability to pay dividends on the IPO, and why Morgan Stanley, JPMorgan Chase and Goldman Sachs gambled nearly $12 billion late Friday to prop the price up.
If I am correct, and the Facebook IPO was intended to bait new investors into the stock market as a whole, then any major drop in Facebook value Monday will trigger a general market panic.