Archive for September, 2008

h1

Forget Points-1.1 Trillion Lost Today

September 29, 2008

That’s right, $1.1 trillion dollars just went buhbye. The GDP of the US is anywhere from 13.84 trillion (CIA World Factbook, 2007 est.) to $14.29 trillion (BEA, Quarter 2, 2008). $1.1 trillion represents 7.9 percent to 7.6 percent of that. Just to give you a better idea of what just happened. The biggest point loss in Wall Street history, but more importantly, the most amount of money lost.

Don’t think for one minute that this only affects Wall Street, it will hurt Main Street, it will cause businesses you wouldn’t think could be hurt by this to falter, it will drill into your wallet.

Advertisements
h1

McCain’s Fail Talk Express

September 29, 2008


-777.68 (-6.98%)

McCain Suspended his campaign to do what, exactly? Remake the Straight Talk Express into the Fail Train? So much for your help, Senator.

Sure, only 2/3 of Democrats voted for the plan, a heavily revised plan that isn’t anything near the plan that Paulson originally proposed. This needed to pass. It sucks, I know. I’d hate to funnel money into the same mechanism that mismanaged themselves so badly that it came to this, but what is the alternative? A few years of extreme financial pain and super high unemployment? That’s what is projected, is that what you want?

Take this into consideration: If the US economy goes into an elongated recesssion (depression), the dollar will likely be replaced as the currency of preference around the world. It already is being replaced by many economies. Many Countries stabilize their currency with a large reserve of US dollars, and what happens when they choose to replace it? Massive sell offs of any product does what? Devaluation. Inflation.

And if you think, for one second that Nancy Pelosi’s ‘partisan’ speech switched votes, then why were Republicans putting their feelings before their country? Why?

I have to add this:

If you are not angry that this bill didn’t pass, then you don’t get it.

h1

Governor Palin, $1,200/mo.+ in Gifts!?

September 29, 2008

$25,367 worth of gifts during 20 months in office? That’s $1268.35 a month in gifts. $292.69 a week in gifts. $7.31 an hour, based on a 40 hour work week! Which charging the state for overnight stays in her own house for the majority of her governorship makes that…doubtful. 312 nights charged to the state out of 433 work days in her 20 months in office equals 72 percent ‘out of the office’ time. That’s a lot of gifts for really being in the office only 28 percent of the time…or 121 days. For 121 days, that would be $209.64 a day in gifts, or a rate equivalent to $54,506.40 per year, if she could only make it to the office like a regular person. Damn, Gov Sarah, you missed out on some sweet bribes…errr…gifts!

Alaska Gov. Sarah Palin, who has made a crackdown on gift-giving to state officials a centerpiece of her ethics reform agenda, has accepted gifts valued at $25,367 from industry executives, municipalities and a cultural center whose board includes officials from some of the largest mining interests in the state, a review of state records shows.

Washington Post

You get them lobbyists, Sarah! You go get ’em…oh, they were on a plane with your daughter to Mexico.The Post goes on:

About a quarter of the entities bestowing gifts on the governor are represented by one of Alaska’s most influential mining lobbyists, who said in an interview that she was not involved in the tributes. The lobbyist, Wendy Chamberlain, has a relationship with the governor’s family through the friendship of their teenage daughters.

And it gets better, way better:

The governor explains in detail in her disclosure how she reimbursed Chamberlain for a summer trip made by Palin’s 14-year-old daughter, Willow. Willow is friends with Chamberlain’s teenage daughter, Mackenzie. Chamberlain said Willow accompanied her and her daughter in the summer of 2007 to a basketball camp and then to Mexico.

“This is not a gift,” reads a handwritten note on Palin’s disclosure form. “It is merely interaction with a parent who is registered as a lobbyist with the state of Alaska.”

Yes, those coincidences happen all the time. I’m constantly having to explain to people that the gifts I am receiving from people that could benefit financially from my decisions are merely doing so because they are my buddies, my pals…”It’s not like that” I tell people! “Nooooooo, not at all.”

h1

Sarah Palin’s Crazy Church

September 28, 2008

This is a little on the disturbing side, and also a little slow paced, so please bear with it. It is in regards to Sarah Palin’s connection with the ‘Assemblies of God’ church, and the church’s positions. If you aren’t frightened by this, then you are a member of it.

Listen, I’m not against people believing weird stuff, I have a few weird ones of my own, but this is lunacy on a grand scale. The same type of lunacy that caused people to drink poisoned Kool-Aid.

h1

George Will – Palin, Avoidable Gamble

September 28, 2008

A great video of Robert Reich, George Will, Newt Gingrich in a private conversation about Sarah Palin as well as the Katie Couric interview.

George Will, the hyper-conservative commentator, seems more than a little concerned with the choice of Sarah Palin. Newt? Well, Newt is Newt, but he does say that she wasn’t ready for prime time…but she’s ready to be President? You know, that person with the nuclear codes, and the war powers act?

h1

Video Exposé of McCain and Palin

September 28, 2008

Very nicely crafted video from Zoso820. It has a very nice ending, wrapping up everything in the video, and the campaign, and puts them in perspective.

The spoken words from The Audacity of Hope were both well chosen and well placed. There can be no doubt that there is a true and meaningful choice we make this November, not just between blue and red, or conservative or liberal, but a choice between truthfulness and equivocation, between principles and pandering, between the common good and the lowest common denominator. This election can not, and will not settle the long lived disputes about whether Bill Clinton’s blow job was worthy of impeachment, or the rift between those that favor a woman’s choice, and those that hold fast in their assertions that life begins at conception. This election will not solve all of our problems, and no one expects it to. This election will, however, point us in a new direction, one that includes all Americans in this great experiment, or keeps us continuing down the same path that George W. Bush has been steering us on. We cannot afford, for the sake of this great nation’s history, to allow ourselves to careen off the rails of justice, liberty, and equality anymore.

h1

Newspaper Suspends Editorials for Economy

September 28, 2008

The Keene Sentinel (a newspaper in my beloved home state of New Hampshire) has made an emphatic, if not hilariously sarcastic response to Senator McCain’s political ploy of suspending his campaign. They suspended their editorials for the day:

We have decided to suspend our editorial activities today so we can adequately ponder the implications of the economic bailout program.

The Keene Sentinel 9/27/08

I just about spit out my juice all over my computer screen. There is no more perfect editorial ever written, contrived, or published in any way in the history of newspapers or the modern media.