Conservatives will be thrilled to know that she immediately “got” and seemed to fully appreciate my joke that Pete Wilson (and not Arnold Schwarzenegger) would go down as the last Republican Governor in the history of California, If that wasn’t enough, when she looked at the back cover of my first film (“Blocking the Path to 9/11” www.blockingthepath.com) and saw the photo of one of the film’s targets, Keith Olbermann, she literally let out a shriek and, pointing to his photogragh, declared, “THAT guy is EVIL!”
DougJ has been a Balloon Juice writer since 2009.
I’ve got an idea for a new feature here. Compare a really stupid statement/post from wingnuttia with a really stupid one from the PUMAsphere, then debate which is stupider.
Is puma the new jew – a people persecuted for their beliefs, and eventually for their failure to fall in line, and follow the chosen one?
Now, I am not saying that PUMAS have been subjected to the horrors of the holocaust, or the years and years of persecution, but I thought it was a snappy intro that might grab your attention.
Since I’ve been going local today, I’m going with this from western New York’s premier wingnut blog:
It is believed that AlGore secretly met with Dr. Bittner and was immediately declared “The Saudi Arabia of Lipo Diesel”.
Update: This is the best PUMA-spoof I’ve seen in a while:
Or that a half-Kenyan British citizen/political fiction/Kaspar Hauser/blank-slate mannequin fabricated in the clanking, hissing bowels of the Daley family Chicago Corruption Machine is about to assume the Presidency, with the cowardly, tacit compliance of a bought-and-paid-for media, Electoral College, Supreme Court, Congress, 50 state Attorneys-General, both political parties, and 52% of American voters.
Or that this not-so-black changeling-child Obama/Soetoro/whoever is already assembling a cabinet loaded with Marxist hacks and terror-friendly apparatchiks hell-bent on delivering the United States into a Third World Hell of galloping Socialism.
Maybe none of that matters to this smug little back-slapping society of condescending, elitist political sachems. Maybe NOTHING matters to you.
In which case, please vote for Rumproast in the “Best Small Blog” category of the Weblog Awards.
And I’d be remiss if I didn’t give you more of the flavor of MonroeRising with this link.
THE BIGGEST INVESTMENT BUBBLE TODAY may involve one of the safest asset classes: U.S. Treasuries. Yields have plunged to some of the lowest levels since the 1940s as investors, fearful of a sustained global economic downturn and potential deflation, have rushed to purchase government-issued debt.
The market also has been supported by comments from the Federal Reserve that it, too, may buy long-term Treasuries. – As a result, the benchmark 10-year Treasury note yields just 2.40%, down from 3.85% as recently as mid-November. The 30-year T-bond stands at 2.82%, and three-month Treasury bills were sold last week for a yield of just 0.05%. – Many investors argue it’s dangerous to buy Treasuries with such low yields.
A finance friend of mine explains succinctly:
and when inflation goes up, rates will go up.
Did you know that right now the us treasury 30 year, 4.5% yield, matures 5/15/2038 is trading at 128 (this is a yield of 3%). If that yield moves to, say, 6% (a more realistic yield), the price goes down to a shade over 79.
This means that 30 year yields going from 3% to 6% cause losses to investors of almost 40%. That, my friend, is a lot of money. After another trillion dollars of issuing, along with a few trillion out there already, that’s could easily be a trillion dollar loss for investors……….
I’m not sure what can be done about this, though eliminating capital gains taxes, deregulating bond markets, and going back on the gold standard would be a good start.
Rochester, N.Y.: BlagoGate, BurrisGate, CommerceGate, PanettaGate….is is too early to declare the Obama presidency a scandal-ridden failure?
Perry Bacon: In a word, yes. We’ve made a big deal of the Commerce flub for instance, but how many people,even in Washington, could name the current Commerce Secretary? (Carlos M. Gutierrez) Burris has been an interesting story, but if the governor or the lt. governor of Illinois end up getting someone in that seat who they appointed, it will be a liberal Democrat who will vote with Senate Democratic leadership most of time, just like Obama did before. These are all interesting stories, but the most important thing happening in Washington is the debate over spending $800 billion, a very large amount of money, to help the economy.
As some of you may know, I’m addicted to the Washington Post online chats. During a chat just before Xmas, Larry Sabato advised:
If you have even a few spare hours over the holidays, then read or re-read Robert Penn Warren’s ALL THE KING’S MEN. Its universal lessons apply to so many current events.
Normally, I don’t take advice from pundits who style themselves so closely after John Waters, but I went ahead and read the book and was glad I did. All the Kings’s Men is by far the best book about politics I’ve ever read.
So I’m going to advise you, if you have a few spare minutes today or tomorrow, then read or reread (I imagine many of you have already read it) the most important article about the Washington Establishment I’ve ever read. It’s Sally Quinn’s piece about Villager attitudes towards Bill Clinton’s affair with Monica Lewisnky. The whole article is so edifying that it’s hard to know what to excerpt but here’s a try:
With some exceptions, the Washington Establishment is outraged by the president’s behavior in the Monica Lewinsky scandal. The polls show that a majority of Americans do not share that outrage. Around the nation, people are disgusted but want to move on; in Washington, despite Clinton’s gains with the budget and the Mideast peace talks, people want some formal acknowledgment that the president’s behavior has been unacceptable
In addition to the polls and surveys, this disconnect between the Washington Establishment and the rest of the country is evident on TV and radio talk shows and in interviews and conversations with more than 100 Washingtonians for this article. The din about the scandal has subsided in the news as politicians and journalists fan out across the country before tomorrow’s elections. But in Washington, interest remains high.
“It’s much more personal here,” says pollster Geoff Garin. “This is an affront to their world. It affects the dignity of the place where they live and work. . . . Clinton’s behavior is unacceptable. If they did this at the local Elks Club hall in some other community it would be a big cause for concern.”
“The judgment is harsher in Washington,” says The Post’s Broder. “We don’t like being lied to.”
As I said before, many of you have likely read this before, but read it again. It is a timeless piece that never loses its power to shock. Think about this, for example: If they did this at the local Elks Club hall in some other community it would be a big cause for concern. Is that in any way true? I live a pretty staid life and off the top of my head I can think of four acquaintances who have had extramarital affairs much more sordid than this. My own State Senator (who belongs to all sorts of Elk Lodge type groups) was reportedly beaten to a pulp by a town sheriff when he was caught in flagrante delicto with the sheriff’s wife. And no one in his district (which is literally almost the same district in which Big Russ himself dwells) cared.
This is the no socks phenomenon all over again: Washington Insiders project their own stupidity onto the American public. There’s no evidence that voters care whether or not politicians wear socks (indeed the case of Sockless Jerry Simpson argues to the contrary) and there’s no evidence Elk Lodgers get their panties in a twist over extramarital affairs.
And how about this? We don’t like being lied to. I won’t bore you by enumerating the Bush lies about torture, WMD, Scooter Libby, etc. but how on earth could a Washington scribe claim he didn’t like being lied to?
Maybe I’ve been reading too much Bob Somerby lately. But I still don’t think the horror of this piece has really sunk in with many people yet, even eight years after it was written.
I’ve lost my copy of the Left-Wing Blogosphere Enemies list, so I can’t remember whether or not I’m supposed to hate Jason Zengerle. Either way, Zengerle has a good piece today wherein he catches the late Tim Russert with his socks down today. Here’s Brokaw:
A few years ago, he (Tim Russert) asked me to check on the prospects of a farm-state candidate for governor who spent part of every year on Nantucket and adopted some of the local customs. I called a friend in the candidate’s state to get an assessment, and he said simply, “He doesn’t wear socks.” Tim roared when I passed along the observation, and we often used that expression — “He doesn’t wear socks” — as shorthand for politicians who were tone-deaf.
Here’s Russert sans socks:
I hate to speak ill of the recently deceased and (and it’s Brokaw’s fault, not Russert’s), but this NASCAR nation should be aware that the no socks/no service thing is a slap in the face to candidate Christ. It’s also great news for future candidate Spitzer.
On a more serious note, is there any other important job where the most important qualification is wearing socks? If you needed to have brain surgery, and were told that one surgeon was the best in the world but sometimes didn’t wear socks, would you put your life in the hands of another, less-qualified, more socks-friendly surgeon?
Which leads to the next question: does anyone know if Sanjay Gupta wears socks?
Private-sector employers shed 693,000 jobs in December, a private employment service said on Wednesday in a report that was far worse than expected and pointed to more ugly news from the government’s jobs data due later this week.
The drop, much bigger than the revised 476,000 private sector jobs lost in November, is consistent with about a 670,000 fall in December non-farm payrolls, said Joel Prakken, chairman of Macroeconomic Advisers LLC, which jointly develops the private sector employment report with ADP Employer Services.
Satyam Computer Services, a leading Indian outsourcing company that serves more than a third of the Fortune 500 companies, significantly inflated its earnings and assets for years, the chairman and co-founder said Wednesday, roiling Indian stock markets and throwing the industry into turmoil.
The chairman, Ramalinga Raju, resigned after revealing that he had systematically falsified accounts as the company expanded from a handful of employees into a back office giant with a work force of 53,000 and operations in 66 countries.
I still say that as long as we remember that the recession’s all in our heads, that it was all caused by deadbeat minority homeowners, and that FDR’s New Deal policies were an abysmal failure, we’re going to ride out the Obama Depression just fine.
If you keep up with LRC, you probably already know that a major role of the FDIC is to give the public a false sense of confidence. Typically the FDIC keeps a little over fifty billion dollars in its Deposit Insurance Fund to cover the deposits of account holders in the event of bank failure. According to the data published on September 30, 2008, there is just under $8.8 trillion deposited in US banks. The fact that the FDIC has squat for cash to cover bank failures isn’t really news. So long as there are only three or four bank failures each year, the FDIC is able to cover the losses, and life goes on.
In 2008, however, there were more than three or four bank failures. There were twenty-five in total. As a result, the Deposit Insurance Fund has been drawn down to about $35 billion, of which approximately $20 billion is liquid. That’s still okay so long as there aren’t many more bank failures, but each quarter the numbers are looking more and more dreadful. Last we heard from the FDIC, there were 117 banks on its secret “troubled” list, which matches pretty well with my list of banks with incredibly high Texas ratios. If we add up the deposits for those troubled banks, we get a value of $76 billion. So, the FDIC has $20 billion to cover 76 billion dollars of deposits in banks that are on the brink of collapse. Things are looking pretty bleak for the FDIC.
Take things from Rockwell with a grain of salt but I’ve heard the same rumors elsewhere.