Wonkette
- America’s entire financial underpinnings will continue to collapse until we are left with a single nationalized bank, a single nationalized mortgage provider, and a single nationalized insurer, and John McCain still cannot figure out how to talk about the economy without sounding like an idiot. [New York Times]
- Speaking of, the Fed took an 80 percent stake in insurance giant AIG in exchange for a two-year, $85 billion loan. [Bloomberg]
- Somebody tried to bomb the US Embassy in Yemen, indicating that they still presumably do not like us over there. [Washington Post]
- Barack Obama held a fancy Hollywood fundraiser and seduced thousands of movie big shots, the same way lumpy-faced Robert Redford seduced Demi Moore in that terrible movie a thousand years ago. [Political Punch]
- Barack Obama wants universal healthcare while John McCain wants — wait for it — the market to decide. [Washington Post]
- Here is some info on that Troopergate scandal that is just a leetle too dull and complicated to really attract public interest, but is probably the most damning bit of political subterfuge Sarah Palin is associated with. [Wall Street Journal]
DAILY BRIEFING
I am tired of all these Big Gubmit Democrats socializing our Wall Street companies.
Since Republicans have not been anywhere near Washington DC in the past 7.5 years, it is clear that only Republicans can bring us the Change We Deserve.
“Operation: THE LAST 7.5 YEARS OF REPUBLICAN LEADERSHIP IN WASHINGTON, DC, AND THEIR ABSOLUTE MAJORITY 2002 - 2006 NEVER, EVER, EVER, EVER HAPPENED” must continue apace.
Troopergate WOULD have been dull if the Palinistas, including herself, would have just testified and gotten it over with. Now, we’re ramping up to some entertainment potential here.
http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190#sMonofilemx003Ammx002Fmmx002Fmmx002Fmhomemx002Fmgovtrackmx002Fmdatamx002Fmusmx002Fm109mx002Fmcrmx002Fms20060525-16.xmlElementm0m0m0m
John McCain in 2005 was trying to reform Fannie and Freddie
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print
And in 2003 it was Congressional Democrats who were against reform. This is one of the few things the Bush Administration was right about.
I’m kind of torn. I’d rather the economy didn’t totally tank, but the worse it gets the less likely it seems McCain will get elected. Confusion!
John McCain didn’t have any big, fancy Hollywood dinners for FIVE AND A HALF YEARS. He didn’t even have a table on which he could have a big, fancy Hollywood dinner or a chair to sit at.
I’ll bet the elitist liberals even served arugula.
America’s entire financial underpinnings will continue to collapse until we are left with a single nationalized bank, a single nationalized mortgage provider, and a single nationalized insurer…
I think Jim Cramer said it best this morning on that show… what’s it called? You know, the one where those two guys try patiently and deliberately to help Mika Brehzinski understand how the world really works while she sits helpless in her chair unable to get a work in edgewise? Anyway, I think Cramer said it best: We’re all Communists now.
Obama is such an elitist. For THREE AND A HALF WEEKS, John McCain was unable to raise money from Hollywood.
We havta gettem over there before they gitus over here… What? The Boogieman aka Allen Kydah has gotten to our financial system?!
The fundamentals of our bridge to nowhere have bailed out the lipstick on a pig. We will now have 5 and a half years of honor and WMD with which to bring’em on in this regard Charlie. No surge left behind. Mission accomplished.
Serolf Divad: How dare the govment respond to the needs of business!
I’d be happy to have the market decide on my health care, if what it meant was that the government would swoop in with $85 billion whenever my medical bills got out of hand. I could live with that. I’d even be willing to wear the bear costume occasionally.
Serolf Divad:
I refused to wear drab colors and carry a little red book, so I can never be a communist. Also, I’m not that earnest.
The Gordo:
I’m afraid you may be only half-right. That’s because a huge chunk of McCain’s support comes from the GOP “base.” And here we’re talking about a bunch of intellectually incurious yahoos raised on the Book of Job and the Book of Revelations to believe that (1) The worse things get for you personally, the more you need to stick by God’s chosen party (Book of Job) and (2) The more the GOP manages to stoke chaos and mayhem across the globe (and especially the Middle East) the closer we are to Armageddon and the release of “Jesus II: the Revenge.”
Hey WALNUTS, the market has decided to shit the bed. Say it with me, EPIC FAIL.
gurukalehuru:
All he could muster was a bunch of be-canckled ladies and their Neanderthal husbands at a Ponderosa.
Serolf Divad: Joe has turned that show into an unlistenable conservative circle jerk. The only reason I ever stop on it is because the lead in music is The Arcade Fire’s “Wake Up” which, as a lover of irony, forces me to listen to at least 5 minutes of his faux macho Bush lite bullshit. I am shocked Mika hasn’t punched him in the face.
>>We’re all Communists now.
Then where’s my free health care motherfucker? Or at least onto AIG’s plan, because that would be awesome.
Terry:
Don’t worry, in our new Communist future we’ll all be wearing duds like these.
Serolf Divad: I’m just kind of hoping the “undecided” voters, which means people who don’t want to vote for McCain but are afraid of brown people, will exhibit some enlightened self interest.
Granted, I’m also hoping that I win the lottery too. Wonder which one, the Powerball or a black democrat getting elected president, gives better odds?
don’t worry, president bluto blutarsky (honor student-harvard and yale) will save us.
Don’t worry, the American Workers are the fundamentals of our economy and they will save us.
Of course, they are the ones who took out all those disasterous loans betting that their two bedroom ranch house would eventually be worth a million dollars so that they could watch ‘American Idol” on their 72″ flat screen TV in the jacuzzi in the back of their Escalade, but I bet that they are hard working enough to make our future twig and seashell based economy a model of economic prosperity.
SuperRounder:
Yup, once Caribou Barbie was on board the Geriatric Express Scarborough and Buchannan became dyed in the wool, true believers. Which is a bit odd, as far as Buchannan goes, given Palin’s “We must never question the wisdom of Israeli hawks and their judicious use of airpower” attitude during the Gibson interview.
Pat Buchannan has been a bit less enthralled with Nimrod of the North since he found out that it was neo-Khan Bill Kristol and his Weekly Standard magazine which lobbied McCain to pick Palin ever since their 2007 summer cruise to Juneau.
Pat Buchannan HATES the neo-Khans.
Walnuts on regulation: I was against it before I was for it.
Walnuts on ‘fundamentals’: I have no idea what they are, therefore Obama is trashing workers.
Walnuts on ‘change’: That whole ‘experience’ card wasn’t working, so I picked Caribou Barbie as my V.P., who is even more clueless than I am, if that’s possible.
Walnuts on the economy: I invented the Blackberry, so shut the fuck up.
Walnuts on foreign policy: The Surge, The Surge, The Surge, followed by the bomb, the bomb, the bomb.
It’s all bullshit we can believe in.
mccain explained the problem yesterday. it is the fault of the many democrat regulatory groups. we need just one strong commissar. now, get to work my fellow hard working comrades.
Serolf Divad: I shudder to think what an entire country, dressed like that linked picture, would look like. May I just wear the bear suit?
Can someone please tell Grampy that I and many like me, as the fundemental part of the economy, are not frickin’ sound?! The market, which has eaten away every raise I’ve received for the past 5 years via inflation, is not to be trusted to put on its pants before going out in public, much less to solve the healthcare crisis.
The Gordo: Actually, a black guy has a MUCH better shot at getting elected POTUS. You’d probably get struck by lighting or fall out of bed and croak before you win the lottery.
The invisible hand of the free market strangles an awful lot of people every year.
Hunter Gathers: giving suitcases of money to the right people made the surge work. the surge they’re talking about refers to the national debt.
Political Addict:
From the linked bill:
- Excludes the Federal Home Loan Banks from certain securities reporting requirements.
- Abolishes the Federal Housing Finance Board.
This _does_ sound like he wanted more regulation!
Hunter Gathers: Actually, I think give our fellow Americans more credit than I do.
So: first thing this morning the resident Bushie walks down the hall proclaiming “The economy would be fine if these damn politicians would quit talking about it, damn crying Chicken Littles.”
So it’s the black guy’s fault, of course! Now I understand!
Dear Fed,
I just received my AmEx bill. Could you send me your address so I can forward it to you? I really don’t like paying it, and I’m in “dire financial straits” because I just bought a new surround sound system. (Also, my upstairs neighbors are kind of pissed. Could you get the FBI to take care of that problem?)
Love,
LoquaciousMusic
njdon: I forgot about THAT ’surge’. I have to go bury pennies in the backyard now. Thank you conservative overlords. May death come swiftly to your enemies.
Garble:
I’ve said it before: In high-school we were promised the wise and judicious guidance of Adam Smith’s invisible hand. In reality what we wound up with was a brutal reaming by Ayn Rand’s invisible strap-on.
Serolf Divad:
Imagine all the guys you see in an average day dressed in that outfit. The stretch suit would be scary over a beer gut, but the hat, medals, and faux mustache are FABULOUS.
loquaciousmusic: Suggestion on ‘taking care’ of your nieghbors: just get one of them to say ‘bomb’ over the phone. Then the FBI will come a running.
Topical song of the day:
http://www.youtube.com/watch?v=4F4yT0KAMyo
A new commission to study something as obvious as the sun rising? Their findings will be released after we plunge into Civil War II. You go, maverick.
The World Won’t End?
Wow, maybe this global crisis has been created in Geneva by the Large Hadron Collider and all those protons crashing head to head at 99.999999% of the speed of light and the tiny black holes.
As Sen. Larry Craig pointed out, you can put lipstick on a black hole, but at the end of the day is still a black hole.
Meh, the whole Troopergate thing may well be swept under the rug anyway. Alaska’s state AG, appointed by Palin, shockingly wants the whole thing dropped and declared that state employees would also be ignoring any subpoenas. The Republican party in AK has, since Palin’s nomination, almost universally rolled over to the thinking that the whole investigation is a witch hunt and should be stopped immediately.
Godless Liberal:
A “witch hunt.” Say it twice and let it sink in. Get it? Haha
Godless Liberal: I wouldn’t mind a witch hunt as long as I could do it from a plane. That would negate their natural flying broomstick advantage.
After they divorced, Sarah Palin and her family accused Mr. Wooten of misconduct, including making threats to Palin family members and shooting a female moose without a proper hunting permit.
Wait, so Mr. Wooten shot Palin’s sister? Or he shot Palin? I’m confused.
Undeterredbyreality:
This is ultimately why Fox Business Channel will fail. When it comes to politics the morons who watch Fox News can get buy with spin and general partisan bullshit because there are no real decisions that depend on the accuracy of the information that is being spewed by the infotainment hosts on Fox News.
But…business requires real facts and real numbers and ACCURATE news and decisions made on the bullshit that comes from that fat ass Neil Cavuto will result in immediate loss of value in any portfolio because cheerleading doesn’t change facts.
Dumbfucks like your workmate should have their checkbooks taken away before they hurt themselves.
Reefpilot: Godless Liberal: Can’t be. Witch hunters are her spiritual mentors:
http://timesonline.typepad.com/uselections/2008/09/palin-linked-el.html
Serolf Divad: Pat Buchanan: never predictable, and occasionally correct. E.g. “George Bush’s doctrine of preemptive intervention is a recipe for perpetual war.” Bomb-bomb-bomb, bomb-bomb-Iran…. And look out, Russia!
at long last, the socialist state i’ve dreamed of. i say nationalize everything!
take heart, comrades! we’re on our way! yay!
chavez is right!
Jim Cramer said to buy Bear Stearns. He said it loudly. He said it unequivocally. He fucking ranted about it. He said anybody who disagreed with him was an idiot. Next day, Bear Stearns is worth 0, zilch, nada.
How completely wrong do you have to be before they pull your pundit card?
From the Troopergate article:
“Mr. Tibbles, who resigned as chief of staff in May, didn’t return calls seeking comment.”
Apparently Sarah Palin hired an elderly cat to be her chief of staff. No wonder the old ladies love her.
Big Ass Belle: Yes, those are the new GOP talking points.
“The World Won’t End”
Until Ms. Palin nukes Russia.
And if you’ve never heard the Pernice Brothers album The World Won’t End, you should buy it now. Hey, I know no one has any more money stuff or whatever, but just put it on your credit card! Everyone else does!
So should I be stockpiling guns or not? Or should I hold onto them in case the robot apocalypse is in the near future? I’ll keep them, the financial apocalypse might happen and I’ll need to shoot indigents who want to steal my hydro.
http://thesebastards.blogspot.com/
gurukalehuru:
Actually, he didn’t say to buy Bear Sterns. He said there’s no reason to close your account with Bear Sterns. And he was right. No account holder lost money because of the Sterns collapse, except to the extent that his account held Sterns stock. The value of your investmemnt portfolio is completely separate from the financial fate of Bear Sterns, regardless of whether Sterns manages it or not.
gurukalehuru: See, the thing is, Cramer will eventually stroke out on the air one day (and probably soon.) Don’t deny me that one simple pleasure by revoking his pontificator’s license.
Cicada: Well, it is tough to return a call when you don’t have thumbs. Just like John McCain didn’t have thumbs for FIVE AND A HALF YEARS, ALAN!
Also, hairballs.
Cape Clod: McCain meant America’s SEX workers. They are strong. Of course, anyone who can lift their arms over their head is strong in McCain’s mind.
McCain/Palin: Fluid exchange we can believe in.
Political Addict: And I as stated the last time you repeated this line of nonsense, most normal people would not consider the “regulation” being managed by Bush instead to have been an improvement.