Friday, July 29, 2011
Tuesday, July 26, 2011
Thursday, July 21, 2011
Gosh, a bunch of things—
I see those pesky Republican Congressmen just can’t wait to find 1958. They passed a resolution to defund the Clean Water Act. Yup, let’s go back to the good old days of burning rivers. (the text with the link is good) Yes, they want rivers to look like this. Unbelievable!
If Michelle Bachman suffers from “have to go get a shot of Demerol” headaches, then she really would have a hard time being President. She would need a dynamite VP with whom she works well. I know, because my wife has those.
I saw on the news that a mine in Sutter County has opened up and in the first year produced 10,000 ounces of gold. To get that, they have to crush 20,000 TONS of rock. That is a lot of spoils.
And I found a story that talks about how Teflon components were again found in drinking water near the factories and those who drink that water have an abnormally high cancer rate, but I lost the link. This is the best I can do.
Wednesday, July 13, 2011
Best of the day--A preacher at Rick Perry's Prayer conference states Japan's economy fails because emperor had sex with sun goddess demon.
Tea Party calls McConnell's debt ceiling idea "the Pontius Pilate Pass the Buck Act."
and Cantor, who is advocating a smaller deal, at one point demanded that Obama offer the details of his vision for a “grand bargain.”
“Where’s your paper?” he asked angrily.
Obama snapped back: “Frankly, your speaker has it. Am I dealing with him, or am I dealing with you?”
Is it time for the adult swim yet?
Sunday, July 10, 2011
Saturday, July 09, 2011
What do Paul Hornung, Alex Karras, Pete Rose and Eric Cantor have in common? Why, they are betting men. Alex Karras and Paul Hornung were immedaiately and indefinitely suspended for betting on football games when they played. Quick research does not state whether they bet on their own teams or not. My guess is, knowing human nature, they bet on their own team. Pete Rose states he bet on his own team while he was player and manager. He was suspended and may never, because of the disgrace, make the Hall of Fame, even though he was arguably one of the best players of the modern era.
These guys were suspended for betting on their own team to win. Other teams, too and perhaps they knew inside information on injuries. Who knows?
Then we have that self-righteous prig Eric Cantor. He declares that the debt ceiling can't be raised, yet, kept wars off the books for the previous administration. In debt talks, he walks away as a means to prevent new taxes from being enacted. Keep in mind that these are not "new taxes" but are the repeal of temporary tax breaks enacted when we had a surplus. Guess what, we have no surplus now.
I do not want to get into an argument over debt ceilings (read the 14th Amendment to the Constitution, I just did today. The debate is moot.) Nor do I want to get into an argument over the religion of supply side economics. Duh, there is more raw oil out there than there has been for years and the price is higher. There is a glut and the price goes up.
Finally, I refuse to argue over debts versus revenues. Taxes go down (revenue) and the debt climbs. Huh? No magic here. No belief system, just straight pragmatic reality.
What I want to discuss is Eric Cantor. Here is a man shaping the economy of the US and he walks out on talks to straighten it out. Guess what? He has invested in a fund that pays out good money if the US economy fails. He is betting on the failure of the US economy with his own money and he makes policy. Be kind of like being a manager of ball team and betting against your own team. Hornung, Karras and Rose got suspended for betting on their own teams.
What should be the penalty for betting on the failure of the US economy and also making policy that shapes the economy and then walking out on those talks.
Baseball and football know how to discipline their own. What about Congress?
Should Cantor be relieved of his duties for betting aginst the country while he serves it? Or at least be given the chance to get rid of those funds and being stricken from the role of fiscal responsibility and policy making for one year?
Friday, July 08, 2011
I read in the paper that BoA and JP Morgan Chase are paying fines of nearly $150M for bad derivative training. So we bail them out at billions and they pay that small of a fine, no one is in jail and no one looses their job. Definitely a WTF minute. For the amount of money the bailout cost, almost all bad mortgages could have been bought and the mortgage payers would have OWNED the houses. Then the mortgages would not have been worthless. Then the banks would not have gone under requiring a bailout with no payback. And executives at the banks got multi-million dollar bonuses for their performance. What?????
And everyone's' 401ks became 101ks with the drop in value. Between drop in home values and 401k devaluation, I lost 150,000. That is not a lot by many others standards, but a lot to lose at almost 60. While we do not know exactly who did the deed and basically stole my $150,000 we know what class of people and where they worked. They get bonuses and do not go to jail. I have to live with my loss, but boy it would feel good to send some people to prison or at least get their bonuses back. I bet they make more then $250,000 and are defended by Cantor and Boehner. It is very, very frustrating to see the pirates walk the streets and while I still have a job and live in my house, others have not been so lucky.
I am amazed that there have not been more killings over this as people who lost everything retaliated. and that the banker class is not vilified is even more amazing. That Greenspan is still quoted publicly shocks me. Or Rumsfeld, or Cheney or those who thought the Iraq war would pay for itself.
That is me today, Mr. Cheery.