A lighthearted look at the American tragedy
Taking political or personal factors into account in employment decisions for career positions violates civil service laws and can run afoul of ethics rules. Investigators said today that both Goodling and Sampson had engaged in "misconduct."Not like the good old days:
Well, if you get a good break, you'll be out of Tehachapi in 20 years and you can come back to me then. I hope they don't hang you, precious, by that sweet neck...Yes, angel, I'm gonna send you over. The chances are you'll get off with life. That means if you're a good girl, you'll be out in 20 years. I'll be waiting for you. If they hang you, I'll always remember you.
-The Maltese Falcon
In the second day of his semi-annual testimony to Congress, Mr Bernanke sought to allay fears that Fannie Mae and Freddie Mac, which between them guarantee nearly half of US mortgage debt, might run out of cash.
Policymakers have always insisted the two firms are adequately capitalised, but the US Treasury announced plans on Sunday to supply them with additional credit and buy shares in the firms, if needed.
and try to fit your head around it. Fannie and Freddie are in great shape, but you don't have to worry because even if they're not, we're already planning to bail them out, or nationalize them, whichever costs the most, probably.
This is what passes for a left now in this country. It is a left that can insist, apparently, that Obama's FISA vote, going out of his way (after all, he could simply have followed the model of Eisenhower on the Brown decision and said that the Court has ruled; therefore it's the law, and his job as president would be to enforce the law) to align himself - twice, or three times -- with the Scalia/Thomas/Roberts/Alito wing of the Supreme Court, his declaring that social problems, unlike foreign policy adventurism, are "too big for government" and pledging to turn over more of HHS and HUD's budgets to the Holy Rollers are both tactically necessary and consistent with his convictions. So, if those are his convictions, or for that matter what he feels he must do opportunistically to get elected, why the fuck should we vote for him?My emphasis. Why, indeed? Those of us that were hoping that some dawning of consciousness would appear on the horizon of American politics this election have been sorely disappointed. The relentless framing of the 'issues' has once again woven its magic and excluded the 800 pound gorillas that are growling at the doorstep.
US faces global funding crisis, warns Merrill LynchHow many blank checks can one write before the marks get a clue?
Merrill Lynch has warned that the United States could face a foreign "financing crisis" within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world.
The country depends on Asian, Russian and Middle Eastern investors to fund much of its $700bn (£350bn) current account deficit, leaving it far more vulnerable to a collapse of confidence than Japan in the early 1990s after the Nikkei bubble burst. Britain and other Anglo-Saxon deficit states could face a similar retreat by foreign investors.
``The market is starting to look at the senior debt of the GSEs as approaching full-faith-and-credit obligations of the U.S. government,'' said Ken Hackel, managing director of fixed-income strategy at RBS Greenwich Capital in Greenwich, Connecticut. ``That is a large book of debt to effectively transfer to the U.S. balance sheet and increase the government's liability.''But don't worry, be happy, because Feckless Leader says everything is OK.
“It’s a feeling. It’s a feeling that takes over a whole stadium. If anyone in the stands opened their mouth and objected, there would be hell to pay.”The Triumph of the Will lives on. There will be no free speech zones in America's stadiums and ballparks in our wondrous future.
"Well, I don't think riding in a fighter plane and getting shot down is a qualification to be president," Clark said.can be met with the most obtuse kind of outrage.
Five defining characteristics of stupidity, it seems to me, are readily apparent. First, is sheer ignorance: Ignorance of critical facts about important events in the news, and ignorance of how our government functions and who's in charge. Second, is negligence: The disinclination to seek reliable sources of information about important news events. Third, is wooden-headedness, as the historian Barbara Tuchman defined it: The inclination to believe what we want to believe regardless of the facts. Fourth, is shortsightedness: The support of public policies that are mutually contradictory, or contrary to the country's long-term interests. Fifth, and finally, is a broad category I call bone-headedness, for want of a better name: The susceptibility to meaningless phrases, stereotypes, irrational biases, and simplistic diagnoses and solutions that play on our hopes and fears.Both candidates are depending on stupidity to prevent people from asking hard questions. When people do ask them, they'll be marginalized as extremists. The media will work hand in glove to produce a down to the wire race that will keep politics revolving around the idiotic questions that need no answers, while the real question are ignored. Unless some significant breakdown occurs, American's good old fashioned stupidity will allow them to blind themselves to their upcoming ruin.