Monday, March 23, 2009
The 90% "AIG" bonus taxation bill currently in Congress is all about the 2010 House elections. These guys know it will die in the Senate, or if not there, you think the Supreme Court as currently configured will let that one stand? I keep hearing all this talk about populist rage, how Obama and the administration are becoming endangered by it. As I mentioned before the election, and will repeat now, I don't see it. I think people realize that the root of this shit goes way back. And who are these populists gonna vote for? Palin? Hahahahahahaha. This is the topic du jour, and while there is something larger at play here, I think the people who overwhelmingly supported Obama in this election will give him a chance to get the structural stuff fixed so this type of thing doesn't happen again. I don't think people are gonna put sheets on and take to the streets with burning crosses just yet.
Sunday, March 22, 2009
While disappointed by President Obama's Special Olympics bowling crack last week, I look forward to watching him get his ass kicked in a match against Kolan McConuighey, and that will do more to remind people that people with physical or cognitive disabilities can be very gifted, too.
I'm actually bullish on the economy for the next few years. We're back to reality, that wealth that was made and lost was fake. We close on our house next week. Onward and forward. You won't be seeing me stockpiling the canned cream corn and freeze dried food in some fallout shelter. I've read Cormac McCarthy's The Road. It's fiction, people. Ain't gonna happen.
I'm actually bullish on the economy for the next few years. We're back to reality, that wealth that was made and lost was fake. We close on our house next week. Onward and forward. You won't be seeing me stockpiling the canned cream corn and freeze dried food in some fallout shelter. I've read Cormac McCarthy's The Road. It's fiction, people. Ain't gonna happen.
Wednesday, March 04, 2009
The party of Limbaugh. I like the way that sounds. It sounds like marginalization. Couldn't see that coming with those McCain/Palin rallies in October, could you? You know the ones, where the old geezer has a monkey hanging from a noose labeled "Obama" and the "Osama Obama is a terrorist" meme? Yeah, good luck with that.
Tuesday, March 03, 2009
Right. So the Dow's back to 1997 levels. When you consider the fake dot com boom/bust and resulting mortgage echo boom/bust, this number seems closer to the truth to me. I'm not an economist, but what made all that wealth created, then lost, on a macro scale, any different from what went down with Bernie Madoff?
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