I Started a Joke

I had an idea for a sitcom earlier today. It goes something like this:

A bunch of nincompoop government officials get together and tie two completely unrelated bits of governance (paying debts and future spending) together for no good reason but to cause chaos. The head of the government has not one single detailed idea to resolve the standoff between the nincompoops and the more sensible status quo types. Various meetings follow and each day the lead news story is “BLANK walks out on debt talks” where BLANK is filled in by the name of a different legislator with each breaking story. Then comes the great punchline. The gangs that couldn’t shoot straight get together and carve out a piece of legislation that appoints a committee to come up with spending cuts at a future date (it’s called kicking the can down the road) but since we know nothing good ever comes out of committee, they operate under the threat that if they come up with bupkis, all sorts of draconian measures will be automatically implemented. The debt crisis is averted and everyone is happy … scratch that … and no one is happy.

And hilarity ensues!

Wait, you say. This is not an original plot line? Darn, you’re right. This sad excuse for comedy just unfolded before our very eyes over the past few weeks. The one thing I walk away from when I look back at debt ceiling Armageddon is the total lack of adult behavior. Liberals calling conservatives hostage takers and terrorists. Conservatives playing the fool by conflating two things that were never meant to be linked and in the process putting what little economic stability we have left at risk. Oh and then let’s not forget the latest modus operandi of any Washington dispute: there are no facts! Economists say not raising the debt ceiling would result in default on payments and ruin America’s financial reputation (including the loss of AAA credit ratings) and a bunch of folks who create their own set of facts (led by the glorious Tea Party) call the economists not just mistaken but liars. And of course, Obama quoting these economists makes him the chief liar in the bunch.

Folks, if we were not already the laughing-stock of the world, we are now. Not only have we lost the ability to have civil debate but we have become so ideologically polarized that no risk to our country is too great so long as someone can be proven wrong. I cannot point to a single entity involved in this debt ceiling debate who merits admiration or praise, including the Commander-in-Chief. Die hard Obama fans say he played the crisis masterfully. Every true liberal and progressive knows that he caved once again to pressure from the right and as a result the revenue side of the “solution” will not come to pass.

If you want your government running like an episode of “F Troop” then sit back and be happy. It is awfully entertaining. If you want it to be effective then you may have to wait for some major changes. The system is broken. Capitalism is broken. We are in deep trouble. If this debt ceiling debacle that just ended this week is someone’s idea of a joke then all I can think of are the immortal words of the Bee Gees.

I started a joke, which started the whole world crying,
but I didn’t see that the joke was on me.

Respectfully,
Rutherford

Image: africa / FreeDigitalPhotos.net

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360 thoughts on “I Started a Joke

  1. I noticed the ongoing political circus, complete with a high wire act, took over the media and conveniently drowned out the Murdoch and Templar terrorist investigation coverage. We got us a real media echo chamber. Quite telling that the US media initially reported Muslim terrorists in the Norway incident. 🙄 They have to keep beating that drum.

    Communism morphed into Islamophobia in America’s dream as her latest greatest threat to peace and prosperity. That, per the spin doctors that set the tone.

    This scripted crap we’re seeing isn’t news. It is the sitcom you describe. It is for our entertainment. These performers work hard to convince us of their sincerity. They are paid well and have mucho bennies, too. It’s why actors tend to do well at it. Celebrity also are use to keeping a “public” image. Like professional wrestling, it’s FAKE. HELLO!

    You can call these people liars. We don’t call actors liars when they lie. It’s the same thing. When reading from a script, sometimes reality and fantasy blur and occasionally switch places. And then there are how many people making a living talking about all the non performance taking place? And how many more talking about the talkers talking about he non performers? It’s really mind boggling.

    At the end of the day we are not better off. I’d venture to say we are worse off. We all feel devalued.

  2. “The system is broken. Capitalism is broken.”

    You could only believe that if you don’t know the difference between the two.

    So too with “paying debts and future spending.”

  3. This stuff about the world “laughing” at us is kind of funny considering the global stampede into U.S. T-notes as of late.

    No, that’s part of the problem. The world is even more fucked up then us!

  4. Agreed Rabbitt. Who is “laughing at us” and why do we care?

    Moreover, Obama’s role in this does not turn on his “caving” to the right. It’s his abject failure to lead by offering a plan of any kind, then smugly torpedoing an imminent deal for political gain. Real clever.

    Status quo my ass. This is about a lack of leadership. Not the tea party or republicans that have controlled one house of congress since January.

  5. Al Poolman grows silent again. It must be wonderful to have selective memory. Which side of the Yellow Brick road you working today digger?

    Fox News reported Thursday that Pvt. Nasser Jason Abdo was arrested over a possible plot to attack Fort Hood. NBC Dallas-Fort Worth confirmed Abdo’s arrest a short time later.

    An unnamed Army source reportedly told the network that Abdo had been found with explosives and jihadist materials.

    http://www.rawstory.com/rawreplay/2011/07/fox-news-u-s-soldier-arrested-in-jihadist-ft-hood-plot/

    ——-

    You know what the best part of you is Poolman? Your predilection for hysteria. Remember you’re exclusive spanish classes for Pre K in Tuscon last Wednesday? How it will restore sanity to your once great state?

    How’s this for sanity?

    Just read Tuscon has the weakest housing market in the entire nation and is on the brink of filing bankruptcy. Brought to us by the same fine family of Jerod Laughner. I can’t think of any great justice then if you and your loved ones end up living next to Nuevo Laredo, AZ. Better get out the M-16 pendejo. They won’t much care if your a pacifist when they lop your head off.

    Buwahahahahaha…

  6. By the way……I just want to remind everyone there has been NO DOWNGRADE.

    Moody’s already said it wouldn’t.

    Aint no way the S&P will defy it’s masters.

    I stand by it, I will take everyone here to Olive Garden if there is a downgrade in the next year.

  7. Looks to me like there’s a group of misbehaving minorities actively seeking out a serious case of future ass kickings. When it happens, I don’t want to hear a word from the ever excuse making lackeys of the Dimocratic party, who have covered for this bullshit for years.

    http://www.todaystmj4.com/news/local/126825018.html

    I will give you liberal do gooders a heads up. The definition of stupidity is to go looking for a brawl when you’re outgunned and out numbered five to one. Whitey ain’t going to go looking to burn down their own neighborhoods when it happens either. Then they might come looking for you on the way home.

    While Obama campaigns with barbeque an Hollywood, the post-racial America burns. Our first “black” President certainly has presented himself as a healer, hey?

    What a leader!

  8. I stand by it, I will take everyone here to Olive Garden if there is a downgrade in the next year.

    I agree, but only because the Loser for President and his toadies are pressuring the ratings agencies. It will happen soon after Obama is voted out of office.

    The ratings agencies are nothing but lackeys for Wall Street.

    One thing I wish the Left would learn so they don’t continue to appear ignorant (impossible). There is a huge difference between corporate America and Wall Street. And Wall Street is tied to the hip of the Debtocratic party.

  9. “There is a huge difference between corporate America and Wall Street.”-T

    Agreed. Big time.

    Although, a downgrade would hurt everybody. I honestly don’t see how a downgrade could EVER happen.

    President Rabbit would be begging Congress to pass legislation putting a freeze on the corporate income tax on all money sitting overseas if said money goes towards capital and jobs.

    Can you imagine the stimulus?

    I’ve read somewhere that there is up to 2TRILLION parked overseas, hiding from draconian tax policy.

    It would exponentially increase revenue, too!

    Markets would go ballistic. My friends would get jobs.

    I don’t know how liberals could bitch? It’s win/win.

    Rutherford, your thoughts?

  10. Rabbit, this is getting to be pretty common occurrence – flash mobs of angry young black men acting like animals. Several instances over the 4th of July. Give them an inch and they’ll take a mile. You and I grew up with these POS. They never fucked with me and probably not you, because they knew it was coming back in spades. They prey on the weak.

    Both you and I know what needs to be done. Every big city has them.

    That’s why I’m thinking of moving to the concealed category. I will drop a few of these mofos where they stand if they fuck with me or my family, and reload for a few more. Scarface!!!

    My finger is itching. 😀

  11. “There is a huge difference between corporate America and Wall Street.”

    Absolutely.

    Liberal intelligentsia only recognizes it when it wants to, it’s mindless minions don’t care. It’s all about class warfare a/k/a “gimme some.”

  12. Obama Glamour Can’t Fix His Charisma Deficit. “One thing is clear in the aftermath of the debt-limit debate: U.S. President Barack Obama has lost his glamour. The alluring icon of hope and change has become just another pol, derided by his supporters as well as his opponents. . . .

    Most striking was how irrelevant the president seemed to the entire debate. Obama didn’t present his own alternative to the various congressional plans or make a case for a particular policy. When he tried to address the public, he came off as condescending, self-interested and detached. His pulpit proved anything but bully. . . . A well-established sales tool, glamour is a tremendous asset if you’re running for office. But once you have to govern, it’s a problem. [BINGO, ed.]

    Although charisma can continue to inspire, glamour is guaranteed to disillusion. The only thing surprising about Obama’s predicament is how few people expected it.” ~ VIRGINIA POSTREL

    Not me Virginia. Anybody that has confidence in this fraud now, is lying to themselves, or delusional.

  13. Good morning, Tex, my favorite jihadist. Keep that Bible verse inscribed scope sharply focused. Save the holy hand grenades for the larger groupings of evil doers. 😀

    FYI: The whole state of Arizona is in pretty bad shape economically. It is one, of if not the most depressed area in the nation. But we have water.

  14. Get this through your head, Rutherford.

    Barack Obama and his fellow democrats (that includes you, BTW) are who is responsible for the Tea Party existing in the first place. Their entire existence is a natural reaction to the failed policies your party has brought us.

    The Tea Party is what you got for all those balls you showed.

  15. From Moodys presser

    In assigning a negative outlook to the rating, Moody’s indicated, however, that there would be a risk of downgrade if (1) there is a weakening in fiscal discipline in the coming year; (2) further fiscal consolidation measures are not adopted in 2013; (3) the economic outlook deteriorates significantly; or (4) there is an appreciable rise in the US government’s funding costs over and above what is currently expected.

    Although I am willing to concede these points may be more bluster than anything else I dare say Rabbit may be dragging some ka-ching to The OG for some of us in the near future.
    As far as who is laughing at us (USA). Well I think there is a great number of folks laughing albeit some are doing so as to counter their tears. I’d say in no particular order:
    China,Iran,Germany,Canada,Britain,Brazil,India, the Talban,Iraq,and Russia.
    I’ll leave whether we should care to others. I’ll close saying that with some of these I care a great deal for obvious reasons. The biggest being BRIC,Iran and the Taliban.
    Their laughter and utter lack of respect for us now and in the near future will impact our security as well as our overall economy.It will also add to our overall foreign policy woes on the very near horizon,especially Iran,Taliban and the “I” in BRIC,India.

  16. “Their entire existence is a natural reaction to the failed policies your party has brought us.”-Hucking

    You sure about that? Because I see some very glaring failed policies endorsed by Republicans that were just as much as a catalyst for the Tea Party as anything the depraved Democrats cooked up.

  17. Alfie,

    You may be right.

    But, when you see who owns Moody’s and the S&P and then add the political pressure, not only would these hitherto feckless organizations be pissing off every powerful entity on planet Earth, they would be biting the hand of who feeds them.

    I hate to get all poolman on you, but I’d be watching my back if I was one of the guys working on the downgrade release.

    This is probably due to a lack of understanding on my part, but
    I swear the effects of a downgrade on what is still viewed today as the world’s safest bet, would be beyond fucked up.

    It would essentially be a downgrade of the entire world economy. Would it not?

  18. “Rabbit, this is getting to be pretty common occurrence – flash mobs of angry young black men acting like animals.”-Tex

    It sure seems that way.

    Black on black crime is going ballistic here in Detroit. Our murder rate is way up.

  19. Just thinking out loud Rabbit and I don’t want you to be wrong for reasons other than not liking OG’s menu.
    I look at the rating agencies and although I appreciate the whole who’s holding the leash thing I have a concern they will need to not piss totally on their international cred just because the USA is the USA. For example they have both recently offered opposing views on Ireland.Isn’t that for a reason that ultimately might have to be applied to America?

  20. The head of the government has not one single detailed idea to resolve the standoff between the nincompoops and the more sensible status quo types.

    Rutherford,
    There is nothing “sensible” about the status quo. We cannot afford it. My kids cannot afford it. The status quo is a government that spends bickets of money on things it has NO business spending money on. It isn’t a revenue problem. It is a spending problem. I was reading some very interesting statistics today about the percent of tax revenue remaining pretty much static regardless of the tax rates, meaning that the only way you really increase revnue is by growing the conomy. Punishing success and imposing insane rates doesn’t accomplish that. The only thing the status quo has managed to accomplish is empowering the Democratic Party through promulgation of economic dependence, complete with perverse incentives that have creased a multigenerational dependence. This agenda has roided up with the current food stamp pResident.

    Only one group in D.C. is willing to do more than simply talk about this problem, and they are the ones threatening the establishment of both parties, which is why it is so imperative to make them the villans. Ask youself this, R….if the Tea Party held everyone hostage on this, how is it that more Democratts than Tea Partiers voted against this bill?

    You’re being played by people telling you that you really can have all of everyone else’s stuff. But the way we’re going, the day of reckoning will come, and NO ONE will have any choices about what the money is spent on. And no one will listen when you and the rest of the Progressives in the country try to blame that on other people.

  21. Those racist cowardly punks. I’ve been to the Wisconsin State Fair dozens of times. I cheerfully walked a mile from a newly-converted-lawn-to-parking-lot with kids in tow to look at baby lop-eared rabbits and wobbly little day-old ducklings. Giant Budweiser Clydesdales and the crazy-long Cream Puff line. The biggest riot was the laugh-riot at the Elvis Impersonator Contest at Adeline’s Chicken Shack. Those guys take it so seriously.

    Now we’ve got race riots in the street. Brilliant. You want the Fair? Take it. You don’t want to share it with me? Have it all for yourselves. I don’t care anymore. I’ve got the memories. But what memories are you creating for yourselves? Nice drop kick to the head on that young boy before tossing him into the bushes like so much garbage. Hey – maybe you killed him. Woo hoo. Party.

    Barack Obama and his fellow democrats (that includes you, BTW) are who is responsible for the Tea Party existing in the first place.

    The timing of the formation of the Tea Party and the Health Care Debacle probably wasn’t a coincidence, but more than anything – people just got fed up. The President (and the party)takes this personally because the Tea Party are a buzzkill on what they want to do with their turn. The President has been whining for going on three years about how this mess isn’t his fault instead of focusing on trying to figure out what we do now. That’s a most unfortunate reaction to the challenges we face. I look at him and I see a man who isn’t going to let a little lightening ruin his turn at bat.

    The Tea Partiers are not wrong for objecting to what the government of the United States is and has been doing for some time to We The People.

    —–

    A bunch of nincompoop government officials get together and tie two completely unrelated bits of governance (paying debts and future spending) together for no good reason but to cause chaos.

    How does raising the debt ceiling translate to the ability to pay off our debts if we don’t curb spending?

  22. ” I have a concern they will need to not piss totally on their international cred just because the USA is the USA”-Alphie

    Well, we’re probably both in agreement that they SHOULD have absolutely NO credibility as it stands.

    That being said, who would be pissed off if they don’t downgrade?

    But, since a downgrade would serve nobody’s interest, I think you will see all of planet Earth look the other way and keep pretending.

    I could be wrong here. I’m kind of baffled over whole thing, to be honest.

  23. Alfie, says “I’ll close saying that with some of these I care a great deal for obvious reasons. The biggest being BRIC,Iran and the Taliban.”

    I don’t follow. You care about their “laughter” becuase. . .

  24. Very smart man. Difficult read for some – maybe. Beautifully put.

    The Invisible Hand Is Writing On Our Wall
    Walter Russell Mead

    The world’s leaders have been on trial these last few months. In Europe, a long running currency crisis has tested the commitment of Europeans to the social ideals they so often speak of, and to the community of nations they have worked to build since the 1940s. TEKEL: weighed in the balance and found wanting.

    In China they have been on trial as the accumulating evidence suggests that corruption, incompetence and malfeasance damaged the country’s vaunted high speed rail project and led to the deaths of dozens of passengers. TEKEL.

    In Japan they have been on trial since the tsunami last spring. Would Japan’s bureaucracy tell the truth to the public? After a lost generation of stagnation would Japan’s government come up with an effective plan to reconstruct the north and rebuild the country’s economy? TEKEL.

    And in the United States we have a stagnant economy, a mounting debt and no real idea of the way forward. Would Washington come up with a constructive, future-oriented program to move the economy forward and start the adjustments necessary to prepare us to live within our means – and to grow our means so it wouldn’t be hard? TEKEL again.

    Europe, China, Japan, the United States: the leaders of the world’s four largest economies are nowhere near passing the tests that history has set them. In all four places the instincts of the politicians are the same: to dissemble, to delay, to disguise and to deny.

    http://blogs.the-american-interest.com/wrm/2011/08/05/the-invisible-hand-is-writing-on-our-wall/#comment-30470

  25. Tex,

    Beautifully put indeed. Transcendent. Thanks for the (now bookmarked) link.

    “We will blame the politicians as much as we can, but we the people have also lied to ourselves. We accepted promises that sounded too good to be true, we accepted counterfeit promises and passed them along as good money.”

    Cheers to reflection.

  26. Mead is a true intellect – and that article above was beautiful. He’s obviously an exceptionally talented writer. Nonetheless, like so many, he was fooled by Obama too. He backtracked from his vote with a beautiful article in November of 2010 chronicling his expectations which were low, admitting to the grotesque arrogance of this regime, but never admitted his own culpability to exacerbating our problems – and Obama has taken all of Bush’s mistakes and multiplied by at least a factor of two and sometimes three, plus the added burden of a disgusting foreign policy that has been an unmitigated disaster.

    The one problem I will admit to is the alternative was so terribly weak, that Republicans have no one but themselves to blame. If it weren’t for the Tea Party pressures, I’m convinced John McCain would still be relevant beyond an interview, and chattering liberals of no worth and exorbitant excess still completely in control.

    I only see two ways out of this economic mess. I am absolutely, 100% sure that Obama is not the answer. Either the Republican party will submit to the only party of power with sense in this country called Tea Party, or millions of us had better formulate a plan quickly to separate ourselves from those believing Obama’s failed conclusions are the solution. Insanity is to continue the same failed methods and expect a different result. And the latter idea of secession would be painful and ugly.

    There is a solution. But we would have so massively cut entitlements, severely squeeze military and intelligent, and completely eliminating several Depts. like HUD, Energy, Education, and Transportation, that I don’t see a chance in hell of that happening. If Obama wins 2012, you can kiss our ass goodbye.

    I give us a 25% chance at present of pulling this out. We our quickly moving toward becoming a banana republic USSR circa 1989. Only the difference this time, is the free and civilized world will follow. Contrary to the “experts”, as America goes, so goes Europe and Asia.

  27. Actually Rutherford, Mead was nice enough to detail all that in the article. But its quick and easily to overlook. You should read the book of Daniel sometime “R”. I think if you read slowly and carefully, you would enjoy it.

    That’s not an insult on your wonderful mind. It’s just very deep.

    TEKEL: Thou art weighed in the balance, and art found wanting.

  28. Let’s hope this time, Americans are smart enough to get away from believing SAT scores and grades are an indicator of leadership, judgment, honesty, practicality, and horse sense.

    Ronald Reagan graduated from Eureka College and was never encapsulated his entire life in a liberal academic bubble. He was called stupid, undistinguished, a “B” actor, and inept by the media. Reagan produced actual results, and not academics and teleprompter speeches, where results are irrelevant and mere words rewarded. Reagan was the best President of the last century and we desperately need another one like him now.

    Democrats – we need qualified Democrats to run – the crop you have now is abhorrent, a disaster, and dangerously inept. I refuse to believe Rutherford you are not ashamed of men and women like Nancy Pelosi, Debbie Wasserman, Harry Reid, and Joe Biden. Michelle Bachmann sounds like Newton compared to that crowd. The current crop of Democratic Congressman are in a word, corrupt.

    Obama is mere words from a prepared speech. McCain was I believe stupid. I’ll excuse Americans once for being fooled due to a slick salesman, the historical aspects, fear and Bush fatigue, and a terribly weak opponent.

    I will not excuse them twice with more failed leadership, more hoodwinking, and more lying snake oil from anyone making promises they can’t possibly keep. If 95% of that abysmal, lying Fat Grannies crowd of idiots is what represents the majority of America, let’s throw in the towel now, because it is over.

    Most of those dolts are so ignorant, I doubt you could carry on a conversation about sports or groceries, much less foreign policy or macroeconomics.

  29. I just saw that Missouri teachers are pissed because they can’t “friend” their students on facebook.

    Can you believe that shit?

    What a bunch of idiot teachers.

    I don’t even have Facebook because I would never want to be found online and these potential perverts are arguing for it.

    Disgusting.

    Embarrassing.

  30. Beware the hypocrites like Warren Buffett and MATT DAMON 😀 !!!
    ….

    2) What are we to make of the self-referential wealthy who demand higher taxes?

    About every month or so either a politician — a Barack Obama or John Kerry — or a billionaire — a Bill Gates Jr. & Sr. or Warren Buffett — or a celebrity — a Matt Damon — pontificates about the need for some sort of higher taxes, as if we are supposed to be in awe over such professed magnanimity. Usually the narrative goes one of two ways: “I wouldn’t mind paying more taxes” or “My secretary pays more taxes than do I.”

    These apologies insult our intelligence, since the boaster either makes so much money that he would not notice whether he paid 35% or 39% on his income; or he is in government where the state picks up much of the tab for his health care and transportation, and subsidizes his housing and meals. The subtext is Gore-like aristocratic disdain, as in “Why don’t those accountants and dentists pass on their jet skis and Yukons and fork over more to the more noble needy?”

    Of course, the very wealthy who rant about higher taxes simply could pay higher taxes. Such an iconic gesture would do far more than a YouTube rant: the media would love Matt Damon if he were paying 70% in taxes on his income. Indeed, he could start a movement to shame other Hollywood celebrities, who then could shame CEOs, who then in turn could shame the rich in general. Or alternatively, the very wealthy who feel under-taxed simply could donate directly to their own favorite government program — a Head Start, solar power subsidy, or food stamp program. Or, again, a Matt Damon could limit his take per picture to $1 million (e.g., curbing those millions he “didn’t need”), and start yet another campaign in Hollywood to reduce movie and DVD prices for the needy.

    Another great article by the incomparable Victor David Hanson

    http://pajamasmedia.com/victordavishanson/the-inexplicables-2/

  31. I guess its not the increase in taxes the Matt Damon’s of the world are really longing for.

    Its the security blanket of a Nanny making their flawed personalities feel at peace .

  32. I don’t follow. You care about their “laughter” becuase. . .
    I believe that China will not have a problem harnessing the nationalistic pride of a population that regardless of train wrecks will continue to propel Chinas growth. I equally believe China is far from a benevolent nation and is indeed intent on global hegemony. Therefore their laughter just continues to degrade America in the World.
    India will continue to buy weapons and technology from other nations and will continue on its path of striving to be a regional player and will eventually have a new conflict with Pakistan. America will be ignored.
    Brazil will feel and rightfully so they are the new beacon of possibilities in the Americas. When the best counter to the Bolivarians is someone who is losing respect for you you’re not in a good place.
    Iran is in a very strong position, in fact the Saudis are showing signs of choosing a way for themselves that distances themselves from the USA.
    Lastly the Taliban will soon be in control of Afghanistan. When we leave that place it will be under their eyes and will,that equals a waste of blood and $$.

  33. Just saw we went down a notch.
    Tex thanks for sharing that link,I like Meade too. I’ve always liked his leadership/foreign policy categories thing. Wilsonian,Jacksonian etc.

  34. Yes We Can!

    Downgraded! Thought The One would be able to talk them out of it. Glad I didn’t volunteer to buy everybody a meal at Olive Garden. 🙂

    http://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_print.html

    Now what was it that Obama, Harry Reid and Nancy Pelosi were talking about would happen again if we didn’t pass the debt ceiling?

    Fat Grannies liberals who peruse this blog like little snitches? Sniveling bitches like Meribeth? You earned this. Hope you don’t owe anybody anything. Otherwise, this time you can pay with the rest of us for the first time in your miserable lives. And while I have time this weekend to tweak my ID, tell grandson Matt I’m coming back to join you to congratulate. 😉

  35. Alfie, my problem is that everything (I think ) you’ve you said, exists irrespective of our response to the crisis, self-inflicted or not. From what I can tell you are speaking of validation, whereas R’s was borne of vanity (introverted). For those countries you’ve referenced, looking for validation from the frailty of our economy, it will and was already found. The event (debt negotiations) was of no moment.

    In other words, what you’ve said is definitely true. But beyond the satisfaction of it all, so what? China holds about 2/3 of our current debt. They were belly laughing in 2008.

  36. This Friday Night release fucks me. I can’t do shit until Monday morning.

    You just have to imagine a massive correction in Gold and Silver. Right?

    I can’t tell if it’s my economic ignorance or not. But, doesn’t this have to have a HUGE effect on the world economy?

    Score one for the non-conspiracy types.

    I have 400 hundred dollars in S&P calls just waiting to be destroyed at 9:30 AM.

    lol

    This going to create the perfect opportunity to buy the shit out of silver.

  37. Rabbitt, FWIW, Mead’s “Divine Providence” was the book I recommended you read. It can be a chore to read carefully, but well worth it.

  38. “doesn’t this have to have a HUGE effect on the world economy?”

    I know jack shit but it seems that a credit rating would only affect the person/entity trying to borrow money. I don’t see where this effects bonds of ours that people already hold. It just tells FUTURE people that might buy our bonds to think twice.

  39. Obama is toast. Fucking toast.

    I’m not so sure. I’m not sure America is smart enough to point the fingers at the right people. The dishonest, fascist propaganda blogs and their lackeys (like Fat Grannies and that dickhead Jumping “Bradley Manning” Wright) are already trying to spin this as the Tea Party’s fault. I shit you not. And though I haven’t switched over from internet radio to TV, I can almost assure you CNN and MSNBC are in high gear spinning too. And these stupid mofos are barking like seals.

    Remember, 51% of the folks aren’t paying a penny in federal taxes, short of FICA. If what Obama can promise for freebies offsets their maxed credit card rates, which they won’t pay anyway, I can see them even more fired up to get to the voting booth.

    I hope corporations large and small really turn the screws now. I want some of these turds eating out of dumpsters.

  40. Huck, I heard and read a few smart finance guys that aren’t in business to fuck America that said this would have minimal impact financially.

    The next downgrade to basically junk status would be devastating.

    Personally, I’ll take my lumps like I did this week big time (I actually got beat far worse than the market) if it gets these bastards kicked to the curb. We’ll pick up the pieces Tea Party style and fix this damn country – without the sponges, leeches and dumbasses having a voice.

  41. All I know is that Obama can now hold the distinction of being the first and only President in U.S. History on his watch to hold the turd at both ends of presiding over a downgrade.

  42. Not “hardliners”. They were just liners. People who said this far, but no further. In a town where the only integrity exists in the visitor, it can be easy to conflate the two, but outside the feverswamp, that’s just called dancing with the one what brung ya.

  43. Hey Poolman. Would you do me a favor?

    Until I can change my IP (and I can’t do that while my daughter is on the damn network), I need you to pass something on for me to the feckless M&H crowd that is always badmouthing Rick Perry as a pathetic politician and dumb ass.

    Remind those stupid fucks intellects of this, will you?

    And I will be indebted (like the Obama Adm. is) for your services. 😉

    http://ace.mu.nu/archives/319752.php

  44. It’s easy to blame polarization. Facts will show that the Republicans were unwilling to compromise. At all. Obama should have shown more backbone but polarization is not the problem: it’s that Americans haven’t taken to firebombing GOP offices to change their behavior.

  45. No, They S&P report talked about a lack of revenue. it’s in the report. The left will seize on this.

    My brother is a CFA and he is clueless right now, so I don’t feel too bad.

    This is either a really big deal or not a big deal at all. It sounds hilarious saying that.

  46. “Rabbitt, FWIW, Mead’s “Divine Providence” was the book I recommended you read. It can be a chore to read carefully, but well worth it.”

    I actually bought it. I just need to crack it open and read it.

  47. Your comment presupposes that compromise is a laudable goal.
    It can be, but isn’t automatically one when the only reason for compromise is for compromise’s sake, or to further put off a problem you don’t want to address. (Like the Missouri Compromise). This is was the latter, and the compromise sought was to make everyone eat the shit sandwich because that was all the establishment of either party wanted to serve. Its also pretty damn cheeky coming from Democrats who PUT UP NO PLAN OF THEIR OWN FOR MONTHS, and decided that compromise meant they could refuse to even VOTE on what someone else presented.

    Not a revenue problem, and when you could tax confiscatede every penny above $250,000.00 that those “rich” people earn and still come up $750 Billion short of matching the spending, you’re simply spouting nonsense.

    You don’t compromise when the compromise will not address the root problem.

    The crisis was also UTTERLY PREDICTABLE, and yet the prior Democrat Congress, which had the numbers to pass a budget, and yet found time to do everything but pass one. As for firebombing GOP offices, thank you for that dose of the post-Tuscon new tone, which tastes and feels exactly like the pre-Tuscon old tone. Tool.

  48. Hate to disappoint you but S&P themselves said expected REPUBLICAN behavior is what triggered the downgrade.

    If so, then it clearly shows that the S&P, as many of us have assumed after the real estate fiasco as S&P is the one that gave those failed mortgages a AAA rating, is as corrupt as Obama.

    Because there is no way in hell that a debt rating, based on exactly what it says, is due to anything but debt ratio. And for three years, this President has added $4.1 billion a day in debt as the economy and revenue have faltered due to slowing of the economy.

    I really, really hope you pursue this course of action Rutherford. I really do. It will make crystal clear the amount of lying and corruption of this administration. You can’t spin your way out of this one. You’re out of ammo.

    And unless you jackboots wish to take over the U.S. economy by government, you will watch unemployment explode. I guarantee it.

  49. Your full of shit Rutherford. Read it.

    They didn’t cut enough and can’t get along.

    “The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year’s wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.”

  50. 2 years, Democratic President, Democratic House and Democratic Senate.

    Rutherford, where was the budget?

    Where was the budget?

    Where was the budget?

    Now, look at Obama’s spending.

    Dude….be a man about it.

    This is failure from Plato’s realm of ideas.

    Perfect failure. The essence of failure.

    Congrats Obama……your legacy as a President will make your slightly brown skin an after thought with an asterisk.

  51. “it’s that Americans haven’t taken to firebombing GOP offices to change their behavior.”

    Bring it on fuck stick. I will hang your scalp as my first pelt I take from the second American Civil War.

  52. “it’s that Americans haven’t taken to firebombing GOP offices to change their behavior.”

    Some more of that awesome lefty civility we have been hearing lately.

    “Hate to disappoint you but S&P themselves said expected REPUBLICAN behavior is what triggered the downgrade.”

    I hate to be so blunt. But you, my friend, are full of shit. Let’s take a look at the statement released by S&P.

    “The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.”

    What about it fell short?

    “We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.”

    “Our lowering of the rating was prompted by our view on the rising public debt burden and our perception of greater policymaking uncertainty, consistent with our criteria (see “Sovereign Government Rating Methodology and Assumptions,” June 30, 2011, especially Paragraphs 36-41). Nevertheless, we view the U.S. federal government’s other economic, external, and monetary credit attributes, which form the basis for the sovereign rating, as broadly unchanged.”

    Read the words, Rutherford.

    Especially. On. Entitlements.
    Rising. Public. Debt. Burden.

    You’re going to blame that shit on Republicans?

    Let’s see what S&P says…

    “The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year’s wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.”

    Lookie there, Rutherford. I see 2 parties mentioned. How about you?

    And what does it say about those parties?

    “have only been able to agree to relatively modest savings”

    Which party wanted more savings, Rutherford?

    What else does it say?

    “while delegating to the Select Committee decisions on more comprehensive measures”

    Which parties have been creating select committees to try and deal with this, Rutherford?

    “Standard & Poor’s takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.’s finances on a sustainable footing.”

    They dont care about the mix of savings to revenue, they wanted to see spending cuts. Which kinda takes the umph out of the part you are likely talking about..

    “Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.”

    That isn’t placing blame. It is realizing realities.

    Feel free to look over that statement and show me the exact portions where S&P says this is the fault of actions by the GOP and nobody else.

  53. Don’t sweat it, DR. The more they talk that way, the more they reveal. They are all about democracy…until someone doesn’t want to vote the right way. It’s all about compromise…until they aren’t interested, then it’s “elections have consequences”.

    It’s like telling a child that you aren’t going to buy them candy. Really, really big, immature, violent children.

  54. I dont want to tell R how to run his board. But I can guaran-friggen-tee you that had any blowhard from any political persuasion ever called for terrorist attacks against government offices, his ass would be banned and I would report him to the appropriate authorities.

  55. Rutherford is a desperate, cowardly liar. Either that or that Butch chick on MSNBC told him to say it and he never read the thing.

    Dude…Rutherford….we have the S&P downgrade right in front of our eyes.

    Nice try, ass clown.

  56. I just went by asswipe’s blog and sure as shit, this is the part all of the lefties are keying on…

    “Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited…“”

    What’s really funny is…he overlooked an important word in that..

    “part”

    Well we know what the other parts are, don’t we? I listed them above.

  57. That dude who talked about fire bombing…..check out the last sentence of his last blog entry.

    “Partisanship will destroy this country, and the credit downgrade is just one step further down that road.”

    lol

  58. You think this stupid Prince Albert imbecile would be cackling words like “fire bomb” if he thought in his heart of hearts this wasn’t a direct reflection on Pres. Bongo?

    If Albert really thought this was the Tea Party’s fault, he’d be dancing in the streets handing out candy like Hamas after 9/11.

    These Obama sycophants are rabid dog pissed. HAW HAW HAW!

    YES WE CAN!

  59. Even the White House doesn’t have the balls to blame the GOP.

    But in typical Obama fashion, he is sure blaming someone.

    He blames S&P!

    “U.S. Treasury officials received S&P’s analysis Friday afternoon and alerted the agency to an error that inflated U.S. deficits by $2 trillion, said the administration official, who was not authorized to speak for attribution. The agency acknowledged the mistake, but said it was sticking with its decision to lower the U.S. rating from a top score of AAA to AA+, the official said.

    “This is a facts-be-damned decision,” the official said. “Their analysis was way off, but they wouldn’t budge.””

    How ironic is that?!

    The guy who is constantly flubbing numbers to make them say what he wants…and sticks to them even when they have long since been proven to be absolute BS…is suddenly pissed off about people fucking up their numbers and sticking to them.

  60. All I’ve got left to say (until I hit Fat Grannies 😆 ) is:

    Congratulations Mr. Obama. You have officially passed Jimmy Carter as the worst, most inept president ever.

  61. You guys really crack me up. You counter my observation that S&P DID want revenue increases contrary to GOP preference, by saying “it’s Obama’s fault”. And you’re all (except Huck) too f*cked in the head to see your comment as wrongly simplistic as mine.

    You’re right. S&P felt this weeks deal sucked for a VARIETY of reasons and demonstrated bipartisan incompetence. The inability of BOTH Dems and GOPhers to work out a real solution decreased S&P’s confidence.

    Bottom line is your Tea Party heroes don’t walk away from this blameless. Spin that.

  62. As for the over the top rhetoric of Mr. Albert, if I banned everyone who used violent imagery in their comments some of our most active (and loved 🙂 ) contributors here would be no more.

  63. Rutherford, you’re a wonderfully talented writer and a good blog friend. Your grammar and spelling are par excellence. You may be the second smartest Lib I’ve ever met. I even trust you – to a limited degree.

    But your understanding of accounting, credit, finance, macroeconomics, taxes, revenue, marginal revenue, marginal cost, net present value, depreciation, debt ratio, law of diminishing returns, supply and demand, price value, book value, P/E, and about anything respect to investment or fiduciary practicality is virtually nil.

    But since you have enough on your plate to keep you awake at night and deserve a break, and being you let me blast away on your blog without interruption, banishment or threat of censorship, and being your stuck in your new digs and probably aren’t settled in yet, and your wife may be grouchy, and the kid hogs the TV, I won’t worry you tonight about who the blame will eventually fall. Sleep tight and don’t let the bed bugs bite. Now I lay me down to sleep…say a prayer for our leadership.

    It ain’t going to be the Tea Party going down. In fact, they forecast this very evening more than two years ago. Prophetic, weren’t they?

    See you at the booth. 😉

  64. In his State of the Union address in January 2010, Barack Obama predicted that his menu of liberal nostrums — higher taxes, greater state control, “investment” in so-called “green” industry — would create “countless jobs.”

    In a way, I suppose he was right: the jobs are “countless” because you cannot count them: they do not exist. ~ Roger Kimball

  65. Hey Albert, is that a neanderthal? How appropriate… I fly in the morning back to Washington with 150lbs of Salmon, Halibut, Cod, Rock fish, and trout. A breath-taking week that was mercifully without computer and tv. Heard S&P downgraded us- good for them. Shows they weren’t willing to let Obama intimidate them. This all sits on the Dems shoulders. Spending 5 trillion in debt since 2006 is simply unsustainable. If you want to firebomb someone, start with Pelosi’s office, of course, you all talk- as most libs are. Yawn. Well boys, see you in a couple days…

  66. “You’re right. S&P felt this weeks deal sucked for a VARIETY of reasons and demonstrated bipartisan incompetence.”

    Which means you (and wherever you got that BS from) were wrong.

    Thanks for playing.

  67. I appreciate you throwing traffic my way, Huck. But really, calling me a dangerous MOFO is a bit too flattering and silly.

    The reason such violent rhetoric (especially on the internet) is not dangerous is because it’s so commonplace, as recognized by the moderator. My bank and my social media accounts were hacked by conservatives and my life threatened while I still considered myself a moderate. Now I understand where i am in the scheme of things, and I’m just returning the favor.

  68. I appreciate you throwing traffic my way, Huck. But really, calling me a dangerous MOFO is a bit too flattering and silly.

    You damn right you owe Huck a thank you for the ‘heavy’ traffic load Prince – and you owe me one as well. Between the two of us taking a look, that doubled down your traffic. Best I could tell, you had one comment. 😈

    Firebomb that scheme of things numb nuts…

  69. Which means you (and wherever you got that BS from) were wrong.

    As were you. Huck you narrowly escaped a cyber-ass-whupping from me by admitting that you selectively highlighted the quote from S&P. And the best part is, the mention of revenue was RIGHT AFTER the part you boldfaced. Yet it got lost in “all the words”. Funny how we find stuff in all the verbiage that supports our predisposition. Kinda reminds me of a kid where you say “car, baseball, horse, tit, airplane, camel” and the kid asks “what’s a tit?” 😆

  70. ‘No risk’ the US will lose its top credit rating, says Treasury’s Geithner

    So Tex, does that qualify Rabbit to work in Obama’s cabinet since he said the same thing? 🙂

  71. G. welcome back to the blog. Glad you had a great vacation. Sure sounds like it beats the hell out of dealing with the reality that you’re returning to.

  72. Rutherford,

    You’ve switched from tweeting with Obie Wan to Bill Maher. So the show was his best one yet, hey?

    What he do? Call Sarah Palin a c*nt twice? Did your daughter watch with you? How about your wife?

    Bill always makes for good family viewing. 🙄

    Congratulations. Like Obama, you’ve sunk to a new low.

  73. So Tex, does that qualify Rabbit to work in Obama’s cabinet since he said the same thing?

    No, Rabbit wouldn’t qualify for Obama’s cabinet. Rabbit paid his taxes.

  74. “Rabbit to work in Obama’s cabinet since he said the same thing?”-R

    I’ll take that job just for the good food and booze.

    It’s a good question. I wonder if Timmy thought the same thing I did?

    That S&P simply wouldn’t have the balls?

  75. Actually tonight’s Bill Maher really was good and I think had food for thought for even hardliners like Tex. The director of Sarah Palin’s “Undefeated”, Steve Bannon, was on the panel and he actually acquitted himself quite well and was treated very well by Maher. He wasn’t there to talk about Sarah but made a very good case on why the stimulus didn’t work.

    Some observations made by astrophysicist Neil DeGrasse Tyson were VERY interesting regarding the chosen profession of most Congressmen and another comment about how we no longer look to the future the way we did a generation ago.

    In fact, the panel tonight was so interesting that Maher could barely get a word in, which increased the quality of the show.

  76. “As were you.”

    About what, exactly?

    I didn’t make any statements like you did. I did content analysis on a document and just happened to overlook a portion before I hit “Post Comment.” That isn’t being wrong, it’s just not being thorough. There’s a big difference.

    Compare that to this…

    “Hate to disappoint you but S&P themselves said expected REPUBLICAN behavior is what triggered the downgrade.”

    So maybe you were just not being thorough and simply forgot to include democrats in that statement?

  77. Another really smart guy. He too is becoming one of my favorites.

    The Democratic Party’s Hypocrisy on Display – and bonus material of watching the buffoon Stephen Colbert get shredded for his asinine clown act and American haters like Al-Poolman look even dumber (if that’s possible).

    Great video.

    The Democratic Party – the Party of Envy and Class Warfare (and buying the vote):

  78. Great video in 123, Tex.

    What it shows is how marketing has influenced our lives here in America. That is especially evident when he cites home size as compared to Europeans. Tradition and history show ALL humans lived in much smaller homes, and Europe has a longer recorded history than we do. Many of those still occupied homes are hundreds of years old. Smaller was more practical and easier to heat. There was no “American Dream” influencing folks that more and bigger were signs of success. No push to max out our “endless” energy usage, etc., like we saw in the middle of the last century

    Of course the stats are from the Heritage Foundation, not an unbiased source of data. The statistical comparison of the “poor” in America to the “average” (which includes said poor) tells me the average has gotten closer to the poor over time. Notice there was no comparison to the “rich” or “wealthy”. A more honest assessment would also compare them to the average. Of course, then the entire point of the video would be lost. 😀

    The story of the 100K vs 300K bonus reminds me of Matthew 20, when the workers were claiming “unfair”. Amazing how happy we are with what we have until we start to compare with others. It is childish, particularly if you believe all we have is Gods and we are mere stewards. That is what Christians are supposed to believe, though I see very little evidence of that notion in real life.

    AFA your request for me to post your link at M&H, I’ll pass. You’re on your own there. Something about making your own bed… 😉

  79. These are results of what people own. There is no dispute.

    What you don’t like is that it shows whether you consider yourself poor or not, you infinitely better in America than 95% of the world.

    And all but a few of the so called “poor” in America have no idea what it is to be poor. 2.6% of “poor” in America even show malnourishment. One out of six receiving food stamps and eat just fine. 45% of children receive free lunches, and free school lunches were almost unheard of 40 years ago. Don’t give me the baloney about the “rich” aren’t taxed enough. You Leftists can’t even define rich with honesty. Millionaires and billionaires…corporate jets and big oil. ** VOMIT ** You make me sick.

    200K a year – and half that goes to Caesar, you wretched assholes.

    You being here Poolman with an internet connection and little income for several years now only reinforces the story of how many live off the charity of others – you are part and parcel of the receivers.

    It doesn’t jive with your hate America, conspiracy screed, where Darth Cheney steals from the drones of leftists like yourself to thunder his war machine. Where George Bush cuts taxes only for the rich to enrich his oil buddies.

    In fact, it disarms the entire class warfare lies from the degenerate and debased of the left – maggots like Obama, Reid and Pelosi.

    Men like you and the rest of that scum at Fat Grannies and Little Jimmies live off the generosity of others, and then have the unmitigated gall to whine and complain demanding more, without doing jack to assist or lift a hand.

    And you are even worse accusing your gracious hosts, whom without you’d be on the streets, of conspiring in the most egregious terms – a mangy dog biting the hand that feeds it, not worth warm spit.

    Maybe you Poolman should just say thanks to the people who provide your food and your healthcare, and allow you to stand beside them at Best Buy while they buy “your stuff.”

  80. R, I’m still waiting for you to back up your statement about it being the Republicans’ fault.

    You sure have a lot of bravado if what you’ve cited is your evidence.

    Again, the dumb fuck-in-chief you struggle to defend tanked the first deal that had a chance to go through in trying to increase spending further and it’s the tea party’ fault. 🙄 No budget, no plan Nobama and you talk of spin? Priceless!

  81. Tex, that was a great video.

    The one thing I would point out is that the poor (it seems ridiculous even calling them that when people are starving to death in eastern Africa as we speak) obtained far too much of these items by living on credit.

    For the middle class, it has been credit cards, student loans, Home Equity loans etc. for the last 15 years.

    For the poor, it’s been national debt.

    I predict a major correction in the quality of life for the poor and middle class.

    My brother would point out that the chart shown in the video is proof that boom/bust bubble economy spawned by easy credit might be a GOOD thing. After all, never have we seen the poor’s quality of life raise so quickly.

    It’s certainly something to think about.

  82. That last rant in 125 only further proves you do not care about facts, reality, or have the ability to retain what has been said in previous comments. You keep reverting to your Tex “default” or “system restore” mode, instead of progressing. Maybe it’s just fear of the word “progress”, since it so resembles “progressive”.

    And I do say thanks often, BTW, to my provider, for what I get to use and consume. I don’t consider myself poor. I know plenty with much greater income and plenty more stuff that I consider poor in comparison. I guess it’s more a matter of perspective than physical possessions and their anemities.

    I say, “to each his own”, as we will all be held in account. I’m not your judge, nor am I qualified. Your continued criticism and hatred of anything that doesn’t match your perceived interpretation of what is right and sacred is well-noted. I’m glad you are so confident in your “truth”. We’ll all see how it “weighs out” long term.

    If we compare our poor to the poor of the world, we are certainly much better off. It would be the same for our average households. However, it costs much more to survive one day in America than it does in the bulk of the rest of the globe. That is, unless you are among the super-rich who pay little or none into the system due to sheltering of income and offshore accounts.

  83. Tigre, R freaked out.

    He didn’t mean to.

    He saw the last nail in the coffin, ran to his puppet masters and gobbled up what ever line of defense they gave him.

    He looks like a clown now.

    Of course he’s going to be a 7 year old and say “I never said S&P DIDN’T blame the Dems.

    I’ve always said this, every day of Obama failure screws us up as a nation a little more. But, it does something else to Rutherford. It is melting a way is manhood.

  84. Boom and bust cycles are designed to make the rich richer. That is the primary reason we enacted safeguards and regulations to eliminate those almost a century ago now. The unraveling of those regulations has allowed this boom and bust cycle to emerge once again. You see any bankers hurting through all this?

  85. I guess since I was on the verge of my 50th birthday and preparing for a move, I completely overlooked BiW’s love letter to Sarah Palin on his blog back in June. But it turns out I didn’t even need to comment on it. I got a dishonorable mention there by Tex and Dick, the Homicidal Clown. 🙂

    You know what? Things are so f*cked up right now, I’d almost welcome Sarah Palin for President. It would be damn entertaining and it sure would move the country in a different direction. Kinda like going the wrong way on a one way street. 😉

  86. “Boom and bust cycles are designed to make the rich richer. “-poolman

    Well, how do you explain the rise in quality of life…..and don’t tell me air conditioning doesn’t improve quality of life.

    I didn’t grow up with air conditioning. But, the middle class sure has it now.

    You can’t explain how good the “poor” have it compared to the rest of the world.

    Of course, you can leave the arena entirely, and rant against the hollow returns of materialism. If that’s the case, just tell us you are never interested in discussing economics.

  87. I just checked my mailbox and there was a letter from the POTUS! Once I determined it wasn’t booby-trapped or contained white powder, I opened and read it. I had written to him back in April explaining my situation and since one of my neighbors had a personal letter answered, I figured WTH.

    It’s a frickin’ form letter, and the signature is also printed. It’s basically a propaganda piece, much like I get when I write or call McCain and Kyl. This is what I’m doing/have done, etc, blah, blah, blah… What a waste of postage and paper. Is there anything good about politics/politicians? Anything redeemable? What is the point? Damned pompous diversion artists is all. Off with their heads!

  88. Well, how do you explain the rise in quality of life…..and don’t tell me air conditioning doesn’t improve quality of life.

    – rabbit

    Funny that you bring up air conditioning. Man has survived for most of creation without it. Now it is considered “suffering” if we don’t have it. I listen to kids bitching about having to go out to play in the heat, or having to “suffer” as they go from the AC car to the AC building… 🙄

    What you call the “rise in quality of life” I will call the rise of wimpiness in mankind. And the “arena” you tell me to leave was constructed around me. I prefer to go down fighting.

  89. It’s a frickin’ form letter, and the signature is also printed.

    😆 😆 😆

    You didn’t send any money! You got to send money Poolman. Fork out $50.00 for a raffle ticket, and if you win, you can bad mouth America together with Obama and Joe at dinner and plan America and Israel’s demise together.

    Just remember – you voted for this sleaze ball. 😆 Serves all you bums right who voted for this massive failure. It’s only 109 degrees here today, and I’m feeling chipper. That’s four degrees cooler than Thursday when I mowed the dead grass.

  90. I’m not kidding when I say this nation is cursed for voting for this bum.

    The very SEALS who killed Bin Laden now dead in Afghanistan? That tears my heart out, and I’m not kidding.

    Thirty-one good men dead, and we’ve got millions of bums here in America not fit to tie their boots, complaining because they don’t get more entitlements from the backs of others.

    Pull those great young men out of that cesspool and blast that pile of rock to the moon. 😡

    If we would have nuked Tora Bora and demonstrated to these bastards what is coming, it would have never come to this.

  91. It is karma. This nation is reaping what this nation has sown. We’ve been too proud and careless. Ignorance is not necessarily bliss and willful ignorance is sin, plain and simple.

    If we would have nuked Tora Bora or if McCain was CIC, this shit would still taste the same. The only difference would be the scapegoat. Wise up. Live by the sword…

  92. If we would have nuked Tora Bora or if McCain was CIC, this shit would still taste the same. The only difference would be the scapegoat. Wise up. Live by the sword…

    Go mooch from the neighbors sponge, tax cheat and mooch. The fact you been eating a shit sandwich your entire miserable life, only you would know what it taste like. Now you’ve become a permanent shit for brains.

    You need to run back to the protected bin and badmouth us some more behind closed doors with the other Chatty gossips, hens and brainless skanks. They’re more to your fancy.

  93. The problem is not S&P. The problem is U.S. government spending and borrowing so profligate that American debt now tops annual GDP. The deeper problem, driving all this, is that American politics has become a realm in which the response to every difficulty of the human condition is for government to amass more power and dole out more money. The presumption of the U.S. government by now is that Americans cannot be trusted to arrange for their own medical care, pay for their own tuition, save for their old age, or “create or save” their own jobs. Big Brother will do that for them, even if the resulting rise of the dole and erosion of the private sector means 9.1% unemployment, almost 50 million Americans using food stamps, a stalled economy, soaring public debt, and now, a long-term credit rating lower than that of Australia, Hong Kong or France. ~ Claudia Rosett

    Amen Claudia.

  94. Actually I’ve had a wonderful life that I wouldn’t trade with anyone. I do feel like a sponge sometimes, soaking up info, wringing out grime, and loving water.

    No need to mooch as this month’s bills are paid. Thank God! Check back with me next month though, those aren’t yet covered. I appreciate the concern..:wink:

  95. I do feel like a sponge sometimes, soaking up info, wringing out grime, and loving water. ~ Poolman

    I do feel like a sponge sometimes, soaking up other’s money info, wringing out of personal responsibility grime, and loving other people carrying my water. ~ Reality

  96. “Thirty-one good men dead, and we’ve got millions of bums here in America not fit to tie their boots, complaining because they don’t get more entitlements from the backs of others.”

    Don’t worry. Obama was there to take personal credit for their accomplishments while our Rome burned around him. Obama was a courageous lad, wasn’t he? Election in the bag, right R?

  97. The money quote …. the Tea Party and GOP analysis of what we should do in economic negotiations:

    “Joe the plumber telling Capital One he won’t pay his credit card charges for that strip club until his wife stops feeding his free loading grandmother all the time.” 😆

    That’s exactly what happened … tying current debt to future spending.

  98. Lib humor isn’t very good. That was lame.

    I’m curious. You got your compromise. You got your debt ceiling. You got your down grade. You need to deal with the consequences of Obama running up $4.1 billion daily deficit and admit your way has been an unmitigated disaster. As Marco Rubio said so beautifully, “Government and economy in every capacity are now worse under Obama.”

    But by all means, tell Sandi the Giggle “Well…..” to come, stand up, and stop us. She’s so gutless, she’s afraid to even appear here and make her case.

    I’ll paraphrase Ms. Rosett again. The deeper problem driving all this, is that millions of people like Sandi and Rutherford’s only response to every difficulty of the human condition, is for government to amass more power and dole out more money, taken from somebody but them.

    You got your wish. You got your Obama. You got your big spending cradle to grave government for as long as it lasted.

    You failed.

  99. Rutherford,
    Yes, the joke is on us. We The People are crying Chicken Little, the sky is falling. The Dimwits and the Repugs have retreated to their corners, striking their chest and screaming “Me Tarzan”. The 800 lb. Gorilla (The S&P) waltzed into the arena and pounded his chest and sent them running in fear.

    The downgrade by the S&P was a slap on the hand. On the Richter scale this was a 3.5 aftershock. Possibly a warning of the earthquake to come?

    Fool me once, fool me twice, I’m the fool if it happens thrice! Fools please wake up and stop what is happening to this country or we are going to take the route of Japan which never recovered. Stop blaming dimwits and Repubs and realize they do not have our best interest at heart nor does Wall Street (you will notice I left out POTUS who is totally ineffectual.)

    I think the article by Meade is one of the best I have read about our current situation. Everyone should take notice.

    Did you notice that the internet slowed to a turtle pace Thursday and Friday as the Chicken Little people googled the word “crash”, our new way of track “trending”, keywords on Twitter and Facebook.

    What will it take to wake up ” We The People”?

  100. I disagree Raji. You’re damn right I’m pointing my fingers right at Obama. And I’m pointing fingers at Pelosi, and Reid, and the feckless Dimocratic Congress, and even George Bush who started this mess with Medicare ‘D’.

    But the sharpest finger in the eye is for that miserable excuse for President. Let’s review:

    When Obama came into office, he argued that we needed deficit spending to boost the economy, so he passed a $800 billion stimulus package. Then, in one of his first supposed pivots to the deficit, he convened a ‘fiscal responsibility summit’ in February 2009. But that actually turned out to be part of a different pivot altogether. It was during that summit that then White House Budget Director Peter Orszag declared, “health care reform is entitlement reform.”

    And so, for the next 13 months, Obama spent all of his energies trying to get health care legislation across the finish line. The end product was a plan that, according to both the Congressional Budget Office and actuary for the Centers for Medicare and Medicaid Services, did not bend the health care cost curve down. Let’s even set aside the argument over the accounting gimmicks that were employed to obtain a CBO score that showed modest deficit reduction. The reality is this: the law used money raised through tax hikes and Medicare cuts that otherwise would have been available for deficit reduction, to instead expand Medicaid by 18 million beneficiaries and create a massive new health care entitlement.

    Of course, there’s more. After health care passed last March, Obama punted on the debt for the rest of the year as he awaited a report from his fiscal commission. He then ignored its recommendations and released a budget so ludicrous that within two months, it failed 0 to 97 in the Senate and he himself rejected it. He instead delivered a speech about his deficit reduction vision, which didn’t have enough details for the CBO to score. And then he spent the last few months arguing that he was prepared to offer Republicans a “grand bargain,” but to this day he hasn’t released details of this supposedly awesome deal that Republicans refused, beyond calculated leaks to favored reporters.

    Obama is not simply ineffectual – he’s dangerous and inept. If he had any character at all, he would resign. But his ego is so grotesque, he can’t fathom why we don’t love him anymore. It has to be somebody’s fault but his. He can’t even create a budget. He’s a joke and has to go.

  101. “That’s exactly what happened … tying current debt to future spending.”

    Ot’s too pathetic for words that you find something in this R. I assume this is MSNBC’s mantra.

  102. “Damn, Rabbit has got some real stroke! Good call, my man. “-Tex

    lol….no, the Rabbit would have been on the losing end of that bet. I am still shocked one of the ratings agencies stepped up to the plate.

    Inside info. Fucked up.

  103. Honestly, with the weekend news coming out of Europe that the German bail out of Italy and Spain aint happening, who knows.

    Volatility.

    This seems like a classic time to “straddle”.

    But puts and call on the same strike price, same date.

    I bet you could cash both sides in.

    I know I sound crazy, but ammo, food, water, gold, silver….. that’s what I’m long on.

  104. We’ve entered stage 2 of collapse. Nobody knows who bet on what when it comes to European bonds.

    France is next to get downgraded. Germany starting to balk on bail outs.

    The Euro is going to collapse, maybe within the year.

    The ball is in Obama’s court.

    Can’t pass the rock.

    Light off a Keynesian bail-out bomb like we’ve never see before?Is it even possible to transfer a fiat digital number from one computer to another across the pond and end the issue like magic? At this stage of the game? Suicide by inflation?

    Or, or summon the destroyer god from Mount Laissez-Faire and let the angry bastard unleash a global correction that ravages every single motherfucker. Suicide by deflation.

    The second wave of the tsunami is racing towards us.

    Fear is everywhere. You’re going to see some fireworks, both up and down, on the the entire investment spectrum.

    Straddle this bitch for money.

  105. Another really smart guy.

    Really? Whittle is a smart guy because he shows us that the poor have everything everyone else has “10 or 15 years later”? What kind of f*cked up statistical bastardization is that? The poor never catch up. That’s why they are ….

    POOR.

    But no, if we listen to Bill we can feel better that America is actually a great place with no need for advocacy because the only truth about poverty is that poor folk just lag behind everyone else by a few years. I’m still waiting for Bill’s statistic about the poor buying mansions, Rolls Royce’s and yachts … just 10 years later.

    And that is what passes for intelligent in your book. That is what allows you to turn a blind eye to real poverty. That is what allows you to let corporations get away with bottom line tunnel vision at the expense of American workers.

    And then he closes by saying the American poor should be GRATEFUL that they’re not as miserable as the poor elsewhere in the world.

    What an unadulterated f*cking assh*le.

    It makes me sick! 👿

  106. ” I’m still waiting for Bill’s statistic about the poor buying mansions, Rolls Royce’s and yachts “-R

    That’s you goal? poor people driving Rolls Royce’s?

  107. You got your compromise. You got your debt ceiling. You got your down grade.

    Huh?

    There was no compromise. Libs got nothing out of the “deal”.

    We all got the raise in the debt ceiling and thank heaven we did.

    Unfortunately, we spent so much time bickering over it … with a certain faction basically telling S&P through the whole debate “we don’t need no f*ckin debt ceiling increase because nothing bad will happen … oh and God created the world in seven days” so by the time we were through S&P had no choice but to declare the country dazed and confused and give us a mighty warning slap with the AAA to AA+.

    Here’s the deal. You want a FAIR assessment of where we are now? We have TWO parties who don’t really want to cut spending one iota. “Let’s start with non-military discretionary spending …. and waste, fraud and abuse” … the pure bullsh*t line from people who don’t want to make hard choices. You show me one Congress critter, right or left, willing to cut sh*t that matters to his constituents and I’ll take you to Olive Garden.

    Then we get one bunch, epitomized by Rick Perry’s day of prayer today, with a host of religious loons in attendance (some really scary sh*t that even Tex would denounce — statue of liberty is a demonic idol … WTF????) who believe that God will save us and that every economist who warns about f*cking with the debt ceiling is a liar. Then you wonder why S&P downgrades us? We are lunatics who can’t be trusted with a credit card. It’s actually amazing that every other rating agency hasn’t followed suit.

    If you see a homeless guy babbling to himself in the street, would you give him a AAA rating? America as evidenced by this latest debt ceiling fiasco is the dude babbling in the street.

    Easy way out … blame Obama and the Dem’s. But it’s way more complicated than that. This country is seriously messed up.

    And yes Tigre … capitalism is broken. Not the concept of it. Not the ideal implementation of it. The current beta release needs a major overhaul. Capitalism has morphed into “do whatever helps the bottom line irrespective of producing quality products and selling them to eager consumers at a competitive price.” Neil DeGrasse Tyson was right the other night on Bill Maher. There was a time in the 50’s when folks conjectured about flying cars, and all sorts of innovations. The space mission was an expression of our hope in the future. We don’t give a damn about the future anymore. When is the last time you saw kids filled with wonder about tomorrow’s possibilities?

    Yeah blame Obama. Elect Perry or Bachmann or Palin or Romney and come back and tell me how everything will have changed for the better. You’re all f*cking delusional. 👿

  108. “you honestly don’t think the guy makes any kind of point? … That’s you goal? poor people driving Rolls Royce’s?:” — Rabbit

    Oh clearly he makes a point. The liberal MSM has convinced us that being poor is bad when the truth is that in America, being poor is pretty damn hunky dory.

    No I don’t think the goal is to drive a Rolls Royce but Poolman makes a good point that Whittle’s comparison is the poor to the whole, not the poor to the rich. When the latter comparison is made, one has to scratch one’s head at the inequity. Does any man really work so hard and is really worth so much that he deserves to eat one meal that costs another man his entire weekly wage?

    I get pissed off when folks who are snug and cozy tell the poor to stop whining. It doesn’t sound particularly “Christian” to me. 😐

  109. @ El Tigre way back @ 48…
    Although I agree I’ve listed a Haters Club roster for the most part it is in fact all about validation.
    For example Iran has been championing a different international reserve currency for years….Now the UK has put their vote there too.
    Be it hate or propaganda getting internationally reported fact is great validation.

  110. Yeah blame Obama. Elect Perry or Bachmann or Palin or Romney and come back and tell me how everything will have changed for the better.

    True colors R true colors.
    Does anyone here think if there is/was a POTUS Romney,Palin etc Rutherford wouldn’t be screeching how it all is the POTUS’s fault??!!

  111. Best case scenario of Bush tax cuts “cost”**= 2.8 trillion.
    What was the debt ceiling upped too?

    ** yeah btw tax cuts don’t cost anything. Being denied money isn’t a government cost.

  112. Did you watch all the way through? He made that point without Poolman’s not-so-astute observation.

    R, you sound like a little girl that has just found out she can’t have a pony for her birthday. “It’s so unfair. It’s just unfair. . .” Other kids have a pony. . . ”

    Call the Wahmbulance. It’s just not fair!

    Fuck right I blame Obama and this dumb shit congress, especially those that have controlled it until last January. You fuckers are bent on destroying the country. 😈

    Bring us more Hope and Change, Rutherford. Your crybaby rant shows how well it’s worked. More please!

  113. Alfie, so we’re in agreement. . . kinda. I can’t speak to the reserve currency issue because I know nothing of it. I will say though that I find the nexus to the reserve currency dubious when the dollar is in greater peril without the debt/spending negotiation and planning (that the left is unwilling to engage in leading up to an election).

  114. There was no compromise. Libs got nothing out of the “deal”.

    Except another $2,500,000,000,000.00 extension on the national credit card, of which we have no way to pay back but through coercion of taking from others bounty. Only in a progressive world, would a 17% increase in your credit be considered nothing. Kind of reminds me of what I will call the Fannie Mae syndrome. And if not stopped, history will repeat itself.

    ———

    Rutherford, the video was not intended to make you angry, but to demonstrate the honest to goodness truth.

    Why is it when you are personally frustrated about your own standing in life, which is what that comment from above is all about, you go seeking out to mock Christians for their beliefs? You single them out exclusively. Let’s say all 30,000 in attendance at the prayer are crazy (they’re not). Can you honestly tell me that is the problem with the nation? That is those people “magically” disappeared America would be restored to greatness?

    Do you really think it healthy to now move your personal message from someone like Barack Obama to Bill Maher? That’s a step backward.

    Meet you in St. Louis for a weekend sometime and I’ll pay for the room, the entertainment and the food for the weekend? 295 miles for you. 400 for me. Not a killer drive for either of us. You feeling healthy enough for a break when the weather cools during the fall?

    No proselytizing, I promise. Just talk and friendship. I owe you that.

    If you’re interested, you know where to reach me.

  115. Tex, I do not disagree with you. My point was stop pointing fingers at one specific individual or group. I know that you hope by continuing to rant you will open people’s eyes and they will see the light before 2012. Take a walk around town, go into the stores, pause for a latte and listen. Everyone on the street (ignore the blogs) is pointing fingers at Obama. I want them to point fingers at the entire government and Wall Street as well because a new POTUS will not necessarily be able to change the ineffectual (dangerous and inept) governing by Congress.

    Actually Medicare “D” helped Medicare, plus filled the coffers of the Insurance Companies and hurt Medicare recipients. Medicare and supplemental insurance companies no longer had to pay for prescription drugs because drugs now fell under Part “D” which added another insurance premium to what Medicare recipients were already paying (average $98 + $40 for Part ‘A’,’B’ and ‘D’.) Sure sounded like the government was providing better health coverage didn’t it?

  116. Raji,

    I’m not hear to argue the merits of Medicare “D” or who benefited, but to demonstrate additional burden and costs to all taxpayers. George Bush was a decent man, but he was no fiscal Conservative, and I hold him and his staff partially responsible for our downgrade. He helped facilitate the mess and did indeed spend billions of “unfinanced” war in Iraq.

    I have no idea the success or failure of that war, as history yet to be written. But I do know the war was partially unfunded, cost billions more than budgeted, and future generations are going to pay for it. If I had my druthers, Iraq would be paying us back with guaranteed reserves of oil starting tomorrow.

    I admire the moderation of your argument, but the fact is Congress is not the problem. The people that put liars like Harry Reid and Nancy Pelosi, two hypocrites who themselves have abused the system and enriched themselves stealing from and on the backs of others, are the problem.

    You want a perfect caricature of what is wrong with the country? Fat Grannies aka Margaret & Helen. You can deny that, defend that, ignore that, whatever you want.

    But 90% of the people on that board are absolutely clueless dolts, and are nothing but weak demagogues, religious bigots, and rank propagandists distorting truth and lying through their teeth about everything else. That board is as dishonest as it gets, and you betcha I’m going to call them on it.

  117. Here’s the proof that G-chin relied on as proof that government sponsored bureaucracies deliver service competitively:

    Too bad Mr. Pragmatic can’t make it back and preach to us about his new set of solutions – same as the old set of solutions. Bigger government, of which you can assure yourself Graychin knew every loophole to protect himself and his assets.

    Hard to believe an otherwise educated man with an obvious gift for numbers and finance (Graychin was a CPA) could come to the conclusions he did. That was something I never could put my finger on.

    I can excuse the Fat Grannies crowd easier than I can Graychin, because Graychin didn’t suffer from the abject stupidity of the typical Fat Grannies personnel.

  118. Okay Liberals, Progressives and Big Government Proponents. You think higher taxes are the answer? I’m willing to meet you half way. Here are the tax increases I wholeheartedly approve of. And I think you’ll have overwhelming support of these and they will pass easily.

    I can find absolutely nothing unfair about any of these and it will meet my prerequisite that everybody, rich and poor, get to pay for these.

    Get to work. 😉

    http://washingtonexaminer.com/opinion/columnists/2011/08/sunday-reflection-why-gop-should-give-obama-higher-taxes-he-wants

  119. “There was no compromise. Libs got nothing out of the “deal”.”

    “Except another $2,500,000,000,000.00 extension on the national credit card, of which we have no way to pay back but through coercion of taking from others bounty. Only in a progressive world, would a 17% increase in your credit be considered nothing.”

    Nice….

    “R, you sound like a little girl that has just found out she can’t have a pony for her birthday. “It’s so unfair. It’s just unfair. . .” Other kids have a pony. . . ” ”

    I read something a couple days ago that was saying this debt increase ordeal finally convinced the democrats that they did indeed lose the election of 2010. It’s a reality they don’t seem to be taking very well.

    “Unfortunately, we spent so much time bickering over it…”

    That’s right. Much too much time was spent bickering. You assholes should have just passed the Path to Prosperity budget that was submitted in April.

    But you didn’t. You wanted to bicker, instead.

    You could have passed the Cut, Cap, and Balance Act that was submitted in July.

    But you didn’t. You wanted to bicker, instead.

    Tell us, Rutherford…which bills did the GOP reject? Which submitted executive plans were rejected by only republicans and not democrats, too? It sure wasn’t Obama’s.

    So you are exactly right, Rutherford. It was indeed the bickering that got us to where we are right now.

    And it is exactly where democrats wanted us to be…so that they could do exactly what you and the rest of your party are doing right now. It has been the democratic party strategy since the GOP took the House. And you know it….

  120. Granted math is not my strong point, but I am pretty certain that the Tea Party would have been rendered insignificant had House democrats been interested in making them insignificant.

    But they didn’t. They gave this minute minority extreme power by continuing to bicker with the GOP.

    Which was all by design. Rutherford knows that.

  121. Huck, I could be wrong, but I would wager contrary to these New York Times and CBS polls, and idiot fascists like John Kerry wishing for media to censor, and forgetting the semantics of identification, it is not the Tea Party that is danger of falling, but our two major parties.

    Either way, big government is going to have to face a very difficult decision soon: (1) render themselves smaller; (2) render themselves moot. Society is already breaking down.

    Rutherford may have indeed been prophetically correct. Republicans may be on the way out – not of the Whigs, but the Tea Party.

    Number one on the list of endangered species are Republicans in Name Only. For all intents, most of them are gone already. If McCain had a less known, less well established, and loony candidate than J.D. Hayworth with better political instincts, I am convinced McCain would have already been gone losing in the AZ primary. TV may continue to trot this ignorant poseur as mouth piece, but McCain carries no clout with the Republican base and is one step ahead of Obama in popularity. McCain will retire – he’s mostly already retired and doesn’t know it.

    The Democratic party will destroy itself. They’ll die of their own self-created burden. Their ways are not self-sustaining and obviously the politics of self-destruction. It will take longer, and they will always have a part of the population that doesn’t believe in self-reliance, but they are being rendered more impotent each day. They’re out of other people’s money.

    The only question to me is, do the people rise up and shrink government, or do will allow government to finally become our fearful master? Without the Tea Party or something like it, the latter will most definitely occur.

    It’s really up to the citizenry to stand up, buck up, grow up, and put a stop to all of this. And Tea Party is a start.

  122. Go for it, Jacque 😉

    Dang, I’ve been busted. How did you figure it out? Ever notice, about half the time, I leave my same gravatar just to piss the moderator off too? 😆 Get ‘um all!

    Poolman never did understand the humorous Jacque quip. Poolman is still under the double illusion I’m trying to hide my identify at Fat Grannies, and feel it an insult to get booted. Hard to believe after the bombs I drop he could be that deluded, but he is.

    But, I’ll have to find another “new” name Raji. Mr. Moderator booted me for a third time when Harv threatened me with an ass whipping with his nine iron, and I started egging him on for more. Guess one too many hard fact jabs across their collective skulls, and the fact I didn’t grovel and boohoo and run away, caused pent up personal resentment.

    They’re just too touchy with bitter clingers. 😥

  123. The most infuriating aspect of the democrats approach to the the crisis is their unwillingness, not inability, to tackle the very problems they acknowledge exists. Spending.

    Every instinct the left has is the wrong one. Every. Single. One.

    The slavish adherence to the failed Keynesian approach is just a failure to accept the truth. The Lefty’s Utopian dreams of pure equality through wealth redistribution (cloaked as the solution to our debt crisis) is unattainable. The resources don’t exist.

    There was an effort to cut spending Rutherford. It was barely achieved, and frankly worthless in the scheme of things. But it was an effort. “Eat our peas.” Remember?

    How about joining in deepening the cuts? Eliminate tax loopholes next. Eliminate and trim unnecessary bureaucratic interference with business. Drill the fuck out of every oil reserve we have (the results of which are stimulus to the private sector).

    It’s time to gird our loins. Get control of the situation. Avoid the decline of our economy into the abyss, not preach about unrealized dreams of flying cars. Listen to you. Looking for validation and a hug from Bill Maher, John Stewart, MSNBC?

    We’re in a hole. It’s time to quit digging.

  124. Strap it on, fellow earthlings – it’s past time to fly.

    That was a good video in 179, Tex. I really don’t think our vote counts for much now, yet I still go through the motions. Time to add all those government employees to the unemployment roles, IMO. Those are the ones you should be verbally flogging, if anyone.

    I think we need to work locally instead of globally to get through this crisis, maybe through local currencies or barter systems. There are plenty of barter communities that have sprung up with interesting solutions to commerce. The devaluing of our lives is in the hands of those controlling the currency. These people are the real anti-Americans and threat to our security.

  125. The most infuriating aspect of the democrats approach to the the crisis is their unwillingness, not inability, to tackle the very problems they acknowledge exists. Spending.

    Excellent common sense post Tigre. Digging, indeed.

    It’s no wonder urban cities and communities lie in ruins. I am not kidding when I tell you I not only find most liberals infuriatingly naive with their false idea of utopia, but maddeningly stupid, arrogant, hypocritical, and stiff necked. IMO, most are unreachable and unteachable. They are blind but insist only their vision is clear. I see little hope in reconciliation and believe many of you will eventually come to the conclusion I have. It is better to serve in heaven then reign in hell. Sometime soon, we will have to part ways. Liberals are, again for the most part, the most ungrateful and ungracious bastards on earth. And that is why I can not help but dislike and disrespect most of them. I really do not care what they think of me.

    I’d add the equally infuriating aspect of Democrat’s insistence to use the same solutions, to be facilitated and implemented solely by them, but bigger; the solutions that created the very essence of the problems we face. They not only created the problem and can’t solve the problem, but the accuse the rest of us insisting we are the problem. Like Whittle said, “Have you ever heard any of them simply say thank you?”

    I don’t say this lightly or jokingly. Liberals are terribly deceived and of the devil.

    Want an example of how perverted their thinking?

    Really? Whittle is a smart guy because he shows us that the poor have everything everyone else has “10 or 15 years later”? What kind of f*cked up statistical bastardization is that? The poor never catch up. That’s why they are ….

    POOR.

    That is Rutherford’s definition of poverty. Not that the poor have, but their gratification delayed. A child-like conclusion with absolutely no understanding of the benefit of self-reliance. Its better that nobody have anything if everyone can’t have everything at once. Pure envy and pure hypocrisy.

    I have come to the conclusion, when someone from a young age is indoctrinated with the lies and false promise of liberalism, it may truly be impossible for men to change their hearts. There is a hardening of the hearts and a point of no return.

    I hold out some measure of hope for Rutherford, but I have to admit my hope is waning.

  126. Time to add all those government employees to the unemployment roles, IMO. Those are the ones you should be verbally flogging, if anyone.

    I fight that battle every day Poolman.

    I have said for the record IMO the federal government is at a guess at least three times bigger than it needs to be. I have said I can think of at least four complete departments that could either be severely limited in scope, or eliminated: (1) Dept of HUD, (2) Dept. of Transportation; (3) Dept. of Energy; (4) Dept. of Education.

    I have admitted I find much of our arms budget a bloated waste and for the benefit of defense contractors. I’m willing to listen for argument of pulling many of our troops home and letting others fend for themselves.

    But all of that scratches the surface of our problem: entitlements.

    I believe part of social security should be privatized and self-managed. I believe that rich and poor should receive their benefit they paid, but that the COLA must be refigured. Social security was never intended to be retirement and each succeeding generation is being ripped off.

    I’m willing to listen to arguments of means testing Medicare. It’s woefully abused, wrought with fraud, and ten times larger than originally estimated.

    And I find it appalling that our government feel it required that almost 1/6 of our people need to be permanently on food stamps. I know that is abused and wrought with fraud. I find it appalling that our unemployment benefits now almost two years when it used to be three months.

    I find it appalling our citizenry is so morally bankrupt they have given to Caesar the responsibility of caring for their own, when it is their responsibility to do so. My wife and I would never let a member of our extended families go hungry, and we are far from rich.

    I could go on and on…

  127. Here is the root we need to extract. Unless we pull this growth out by its root it will grow back. With so many on payroll, it’s hard to get any top motion on this. We’re going to have to break up the foundation. That means dismantling or demolition, which ever is deemed the most equitable. It is usually an ugly process in the beginning.

  128. D.R.,

    No. Do you? Well see what happens tomorrow. It could be lucky, but I’m guessing a drop that is not as severe as everyone imagines. Could be wrong.

    I think QE1 and 2 added to our misery. The dollar is down 12% since Obama took the wheel. I think QE3 would sink it further and push staples into overdrive inflation, if they are not already there.

    The one thing that bothers me through this whole ordeal with Standard and Poor? This is the same group that has missed virtually everything, including the real estate bubble.

    Though I agree that our debt ratio is unsustainable and needs to be halved quickly, who exactly nominated these people as judge with their horrendous track record?

  129. I agree with Tex. The drop won’t be as severe as anticipated. Frankly, I think the big drops in the middle of the week were in anticipation of the downgrade. Funny how info like that leaks to the ones driving the market, isn’t it?

  130. I don’t know about Monday, but we are in for many drops.

    Unless, of course, we get another round of synthetic injection/hidden tax.

    With Europe having it’s 2008 moment right now, the funny money party is just about to begin over there.

    Maybe that, in itself, will be QE3?

    After Europe’s turn fucking the slut, the “Too Big to Bail Era” commences.

    The next crisis will be global and will be impossible to monetize. That bubble has to pop.

    Welcome to prime-time bitch!

    Maybe that, in itself, will be QE3?

    I’m talking to more and more people that get happy when the stock market crash. They don’t own any investments. They love cheaper gasoline and milk.

    My 400 bucks on S&P 500 (ETF-SPY) calls, look like crap.

    If they’re toast, I’ll make it all back while I drive to work.

    Many younger people don not want to be participants in the market. Even worse, more and more root for it to go down.

    That can’t be good thing in the long run.

  131. Funny how info like that leaks to the ones driving the market, isn’t it?

    Though I don’t agree with Rutherford’s assessment of a crap shoot for a market as it takes a matter of talent to understand and beat the market, he does have a point about fairness. The game is rigged by definition because of the decision makers knowing first – insider information has to exist. We can restrain execs from capitalizing on it to a degree – but you can’t restrain human nature

    What do you want to bet men like Warren Buffett have far better information than we do when they make all these fancy stock picks? You don’t think men like Warren hobnob with politicians because he likes those egomaniacs best, do you? This technical mumbo jumbo he sells is bullshit. The old fart hasn’t hit one of these blowups right yet.

    Which just begs the question. How do many of these bozos who can’t find their butt cheeks with both hands like Maxine Waters suddenly become millionaires? How does Hillary Clinton make $100K in cattle futures with a one thousand dollar investment? How do all these politicians leave Washington multimillionaires?

    Talent? The same clowns that can’t construct a budget?

  132. I’m talking to more and more people that get happy when the stock market crash. They don’t own any investments. They love cheaper gasoline and milk.

    I hope they do realize that cheap milk, cheap gas and tumbling stock markets don’t necessarily go hand and hand? And though other market variables must be taken into account like supply and demand, I would tell them the odds say the higher the market, the better their chances for cheap gas and milk.

    Logic tells me, the weaker the dollar, the weaker the market, the more expensive the oil as it tied to the dollar, the more expensive the milk as it tied to the oil. 😦

  133. Rutherford ain’t going to like this, but Roger Kimball is right:

    Obama should say he’s sorry for his failure of leadership. Sorry for his utopian economic illiteracy. Sorry for putting ideology above political wisdom.

    That would be the manly, the honorable thing to do. Admit he was wrong about what needed to be done to fix the U.S. economy.

    What will he do? He will blame Standard & Poor’s. Or George W. Bush. Or the Tea Party. Or all three. ~ Roger Kimball

    Obama: Time for an Apology

    http://pajamasmedia.com/rogerkimball/2011/08/07/obama-time-for-an-apology/

  134. And before Obama blames it all on Bush, let’s review the “real record” for the lying Fat Grannies slugs who browse here. You’re the one always telling us tax cuts can’t generate additional revenues.

    Right assholes?

    Revenues fell in Bush’s first two years because of a combination of the tech bust and the start of the tax cuts. But then things took off. After taking in $1.782 trillion in tax revenues in 2003, the government collected $1.88 trillion in 2004; $2.153 trillion in 2005; $2.406 trillion in 2006; and $2.567 trillion in 2007, according to figures compiled by the Office of Management and Budget. That’s a 44 percent increase from 2003 to 2007. . . . “Everybody talks about how much the Bush tax cuts ‘cost,’” says one GOP strategist. “We’re saying, no, they led to a huge increase in revenue.”

    Then there is the deficit. This year it is weighing in at more than $1.5 trillion. Here’s what it looked like under President Bush:

    After beginning with a Clinton-era surplus in 2001, the Bush administration ran up deficits of $158 billion in 2002; $378 billion in 2003; and $413 billion in 2004. Then, with revenues pouring in, the deficits began to fall: $318 billion in 2005; $248 billion in 2006; and $161 billion in 2007. That 2007 deficit, with the tax cuts in effect, was one-tenth of today’s $1.6 trillion deficit.

    “Deficits went up in 2008,” Mr. York notes, “with the beginning of the economic downturn — and, not coincidentally, with the first full year of a Democratic House and Senate.”

  135. You really need to look at who’s running things. Why do you keep blaming the hired help?

    Unlike those in the lower half of the top 1%, those in the top half and, particularly, top 0.1%, can often borrow for almost nothing, keep profits and production overseas, hold personal assets in tax havens, ride out down markets and economies, and influence legislation in the U.S. They have access to the very best in accounting firms, tax and other attorneys, numerous consultants, private wealth managers, a network of other wealthy and powerful friends, lucrative business opportunities, and many other benefits. Most of those in the bottom half of the top 1% lack power and global flexibility and are essentially well-compensated workhorses for the top 0.5%, just like the bottom 99%. In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability. The odds of getting into that top 0.5% are very slim and the door is kept firmly shut by those within it.

    It’s a double standard. Wealth tramples justice in America.

    …the bottom line is this: A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the U.S. financial system. It allows them to protect and increase their wealth and significantly affect the U.S. political and legislative processes. They have real power and real wealth. Ordinary citizens in the bottom 99.9% are largely not aware of these systems, do not understand how they work, are unlikely to participate in them, and have little likelihood of entering the top 0.5%, much less the top 0.1%. Moreover, those at the very top have no incentive whatsoever for revealing or changing the rules.

    http://www.globalresearch.ca/index.php?context=va&aid=25759

  136. The Fed is a no problem, no doubt Poolman. I give you that.

    But I still feel the Fed is but a symptom of a much deeper problem. A sense of entitlement, a lack of self-reliance and respect, and a dearth of sense of the American public.

    The Road to Serfdom – and we had the power to change it and chose apathy, negligence and a poor excuse for leadership.

    Ultimately, all of us will have no one but ourselves to blame if we implode.

  137. Not that anyone cares, but here’s my play.

    Oil Calls for November.

    According to the basic tech nonsense, oil is oversold.

    Europe is soon to be flush with cash. Hurricane season. War is always a possibility. QE3 could be launched. Plus, the shit just might get stampeded by the herd because it’s cheap. If it is in a free fall, I will back off for a day. Try again Tuesday.

    I will throw a stop loss in as soon as I’m up a bit…..and ride her out.

    I’m going to watch it closely in the morning and try to buy the low.

    USO ETF November Calls, 40 dollar strike price.

  138. Anybody watch this Stephen Hawking Atheist Curiosity series? This is right up Pfesser’s path. He’d be masturbating to this series.

    I’m a rank amateur of physics and I was laughing at Hawking’s conclusions. So were some of the real physicists I’ve read, who commented Hawking a shameless self-promoter and now buffoon.

    There is no god because there was no time. Honestly, that was Hawking’s “scientific” conclusion and why there is no God.

    Hawking has fallen prey to the usual trap when one is universally revered in the leftist world. Hawking has reached that far shore on which any damn thing he says, even off the cuff, he expects to be taken as revealed truth. And now he is promoting it before he departs.

    They thought that about Obama three years ago too. I look forward to the day Hawking gets his comeuppance like Obama – but unfortunately, Hawking’s time draws short. Let him die in his blindness.

    Want to know Hawking doesn’t believe in God? Because he believes he should be sovereign – he isn’t. Arrogance & Anger – same as Jefferson, same as Nietzsche, same as Stalin.

  139. Futures down about 274 at this point. My bet for the day traders – buy thirty minutes into the session and wait through the day as rationality returns.

    Wish I had huge chunks to bet that I could afford to lose.

  140. I bet a rise in government involvement and central planning leads to more inside trading plays. The more the government intervenes, the dirtier it gets…in Washington and New York!

  141. The banking cartel are stealing us blind and continue to profit from our economic struggle. All our assets are being sucked out of this country. Where are all our metals going? How many places advertise they buy gold right now? That stuff has intrinsic value (unlike all this fantasy paper promissory garbage) and is being bought up.

    It is interesting to gain perspective from others. It helps to broaden knowledge on many subjects. Regarding money as it relates to Islam, I found this guy’s teaching from the Qu’ran. Pretty good stuff, IMO. It explains many of the same principles regarding money as the OT. I know it probably is difficult for some here to see this person as wise since he’s Muslim, but I enjoyed and learned from his lecture.

  142. “Out of curiosity, those with portfolios, here. Do you guys want QE3?”

    Just finished “Free to Choose” by Milton Friedman. Toward the end of the book he has charts that show the perfect correspondence of money supply to inflation. It is absolutely perfect, one-for-one. I don’t expect it to be different this time. Hold onto your hats, boys!

    QE3 won’t make a tinker’s damn to the economy production-wise like they think it will – and will in fact serve to further depress economic output because nobody will invest when they don’t know what future costs will be. There will be high unemployment, stagnant economy and inflation – “stagflation” if you will. This has all been done before – except nobody learned anything. The only question is whether Bo will further distort the economy with attempts to control prices. (Can you say, “wage and price controls?”) – a la Richard Nixon. Ditto Ford (WIN! – Whip Inflation Now!)

    They are like a drowning man, grasping at anything. Unfortunately nothing will help; the only question is how much will they meddle with the system and prolong the agony; the critical decisions were made several years back and we are now on the hellbound train, with the Death’s Head at the throttle. (HT to Savoy Brown)

    Gipper, where are you now that we need you?!

  143. Rutherford –

    This is the kind of nonsense that has to stop. I will stipulate that the source is not very objective, but here you have a mob of black kids engaging in mob behavior, and all the writer can think of is that is must be somebody else’s fault. (It’s because they come from single-parent homes – well, whose fault is that? It’s because they go to jail more frequently – goddammit, whose fault is THAT? ad infinitum ad nauseum…) Frankly I – and I would say the majority of others – are tired of the lame excuses put forth to explain what is simply sociopathic – even criminal – behavior in young black people.

    http://thyblackman.com/2011/08/06/black-%E2%80%98youth-mob%E2%80%99-attacks-in-milwaukee-brings-summer-fun-to-a-halt/comment-page-1/

    The black community is never going forward until somebody *in* that community puts on his big-boy pants and says, STOP! ENOUGH!

  144. “I bet a rise in government involvement and central planning leads to more inside trading plays. The more the government intervenes, the dirtier it gets…in Washington and New York!”

    Amen brother Rabbit.

  145. Even the Liberal British agree with the Tea Party. The left will be gnashing teeth today – not because of loses, but the fact Obama has been irreparably damaged:

    If we are to survive the looming catastrophe, we need to face the truth

    The idea that a capitalist economy can support a socialist welfare state is collapsing before our eyes, says Janet Daley…

    http://www.telegraph.co.uk/comment/columnists/janetdaley/8685945/If-we-are-to-survive-the-looming-catastrophe-we-need-to-face-the-truth.html

  146. “. . . but here you have a mob of black kids engaging in mob behavior, and all the writer can think of is that is must be somebody else’s fault.”

    R, you really ARE a closet conservative. This is starting to bother you too!

    Let me know when the lack coverage from the liberal media becomes deafening. Then you will be ready Grasshopper. 😯

  147. One Question “R” since you apparently have bowed out of your own blog:

    Since the S&P downgrade, where is Obama? 😡 Are the Styrofoam columns now gathering dust? Amazing when the economy needed him most, in his darkest hour, he has suddenly turned to stone.

    Gutless….

  148. I thought he criticized S&P. What else is a leader to do? He’s got his folks attacking the Tea Party too.

    When the other guy’s in charge, it’s his fault.
    When you’re in charge, it’s still the other guy’s fault.

    Change we can believe in!

    (Funny, no criticizing the senate that held the House and WH hostage)

  149. If I would have waited a few more days to sell my puts I would have made more money then I do all year at my day job.

    If, if, if.

    I took very nice profit. I should be happy.

  150. DR, I was figuring that gold went down because of the margin calls on Thursday. It seemed to me that individual investors had nowhere else to go. Wasn’t it bound to bounce back?

  151. “Since the S&P downgrade, where is Obama? 😡 Are the Styrofoam columns now gathering dust? Amazing when the economy needed him most, in his darkest hour, he has suddenly turned to stone.”

    He was tired from a week full of birthday parties, so he had to relax on the golf course this weekend. Word is he is going to grace us with some comments in between some no-camera, campaign fundraisers today/tonight.

  152. I think it was Tex who posted this Herbert London article a while back. It’s not a bad article, makes a valid point but …

    poses no alternative. Fine, let’s all hold hands and declare the welfare state does not work. What next?

  153. “What Next?”

    How about stop working towards and expanding it.

    Getting Obama out of office and taking control of both houses of Congress would be a good start.

  154. Rabbit, someone here said Obama was going to address the country at 1:30. You know what that means?

    Buy, buy, buy.

    Unquestionably a speech so uplifting it will raise the markets and heal the country’s financial woes.

    Or more finger pointing and blame. . .

    What do you think the chances are that he had his speech prepared by last Wednesday. The announcement didn’t come after close of trading Friday for no reason. Obama was aware it was coming and exactly when that would be.

  155. Rabbit, someone here said Obama was going to address the country at 1:30. You know what that means?

    Buy, buy, buy.

    Unquestionably a speech so uplifting it will raise the markets and heal the country’s financial woes.

    Or more finger pointing and blame. . .

    What do you think the chances are that he had his speech prepared by last Wednesday? The announcement didn’t come after close of trading Friday for no reason. Obama was aware it was coming and exactly when that would be.

  156. Presser about to start. More lies about the “war” to follow. Inside skinny on the SEAL team doesn’t match up to the public version being reported.

    Get ready for your fresh new batch of Koolaid…

  157. Oh, I mean lets all work together. It’s a problem for everyone. We need to come together and solve this crisis. It’s going to be rough. -Obama

    “psst, I’ll have my usual lackeys lay blame, demonize and demagogue for me. . .”

  158. I was just doing a bit of math and the numbers that this is the fault of the Tea Party just don’t add up.

    According to the Bachman website, which I assume is correct on this issue, there are 52 members of the House “Tea Party” caucus and the NYT reported there are 4 in the senate.

    But Politico says that 95 House democrats voted against raising the debt ceiling and the US government says 6 democrat senators did the same.

    Since math isn’t my thing, maybe Rutherford can explain how those numbers put this on the Tea Party.

  159. poses no alternative. Fine, let’s all hold hands and declare the welfare state does not work. What next?

    Stop stealing from future generations to fund “government compassion” that the federal government has no business engaging in to begin with.

    Seriously. That is where you start, and yes, I do know what that means.

  160. I made the mistake of going to Fat Grannies – I just read some of the biggest lies, rank propaganda and distortions I’ve ever read. Worse than usual.

    Virtually everyone of these posts were made up facts, easily disproved. I didn’t even bother this time because these people disgust me – I know beyond a shadow of a doubt they are a pox on our country.

    This rant has nothing to do with the market today. I’m 2/3 out of it and probably safer than most. I bailed months ago due to numerous grievances excluding a downgrade (just the final straw), as I saw this coming and said as much on this very board.

    This has little to do with Obama – he’s a symptom of a much bigger problem. He’s but the biggest fool commanding an armada of ships full of fools who nominated him to the lead to sail into oblivion.

    But tell me. Really, how do you possibly negotiate and live with pathological liars, irreligious and vile bigots, and incredibly stupid people, some who IMO border on treason, and they do this at every turn? Those that are 100% wrong about anything of importance? How do you rationalize with irrationality and abject stupidity? Those whose sole purpose in life is an agenda that will eventually lead to everyone in this country being hurt – themselves included?

    These people, and they are legion, aren’t really even smart enough to be good liars, and they excuse virtually every egregious sin and theft, while consistently supporting some the most insidious of continuing failed programs, all the while attempting to censor and silence. They and their failures are more than obvious.

    Anybody see a standing Senator John Kerry attempt that with the Tea Party this weekend? In a better day, that would have been called outrageous and Kerry would have been drawn and quartered for even suggesting as much – now we just shrug. Why? Why do we tolerate this? Are we so apathetic, beaten down, depressed, and politically correct now that we don’t even feel the need to force retraction?

    I’ve been criticized for being a bully, being too harsh, mean, a sociopath, inflexible, a mad man, too angry, blah blah blah. Passionate does not mean crazy. Righteous anger is no sin. Love of country is a virtue. Protecting my own is a God given responsibility.

    So somebody here give me a good reason why I should simply overlook or continually be asked to work around these people jeopardizing the future of my own children as the country tanks? I did that with my children’s education at huge expense. And they had the unmitigated gall to criticize me for that because I removed my children while not everybody else could. I kid you not.

    Someone give me a good reason why I should try to teach the obvious unteachable? Give me one good reason that my own instincts should not be to search and destroy these miserable buffoons? At the very least, begin the process of separating this country? Do any of you honestly think these imbeciles are ever going to learn until too late?

    I’m serious. Why should I not treat these people as the enemy? How are they any different than traitors or those trying to kill us? Because our imminent death and decay is slower? Or they are just gullible, deceived, slow, and/or naive? How do you overcome when you have an opponent with the power to buy a vote? And that is exactly what these Democrats are doing and have been doing for almost my entire lifetime. Nobody with a lick of sense knows this can go on much longer.

    Three times in one decade I have watched people’s savings, those who played by the rules, be practically wiped out through no fault of their own, but by a crooked process and an inept oversight of government – the very government these fools want us to entrust with more and more. And then half the country, generally the ones who didn’t bother to try and plan a future to begin with, blame the employers, or the rich, or big oil, or China; not Wall Street, not Congress, not themselves, not bad fiscal policy. It’s always somebody else fault. Or we didn’t spend enough or tax enough. My gawd, a quarter of the damn country is big government. Anybody out there convince me that this was The Founders intent?

    And Poolman, spare me the scripture. I understand the concept of turning the cheek, loving your enemies, self control, and forgiveness. That is the spiritual and the personal. But those constructs can be perverted and twisted to excuse everything. Those instructions never included turning the other cheek when your enemies are destroying the very fabric of society our fathers died to create, threatening our children’s future, stomping on the very liberties endowed by Our Creator. And we whimper and whine – and do nothing but wait for the next fixed election.

    NO way would Christ excuse or approve these blatant excesses.

    You guys really think I’m crazy to ask these questions? That I’m a sociopath for being angry and outraged?

  161. This got buried in moderation so I will repost it without links

    ———————-

    I was just doing a bit of math and the numbers that this is the fault of the Tea Party just don’t add up.

    According to the Bachman website, which I assume is correct on this issue, there are 52 members of the House “Tea Party” caucus and the NYT reported there are 4 in the senate.

    But Politico says that 95 House democrats voted against raising the debt ceiling and the US government says 6 democrat senators did the same.

    Since math isn’t my thing, maybe Rutherford can explain how those numbers put this on the Tea Party.

  162. “You guys really think I’m crazy to ask these questions? That I’m a sociopath for being angry and outraged?”

    Only of you expect an honest answer from the ones responsible.

  163. The opportunity cost of paying Fannie Mae is killing me.

    Karma is a bitch.

    Sometimes I think it’s a sin
    When I feel like I’m winnin’ when I’m losin’ again

    Man…sometimes is gets old trying to make chicken salad out of chicken shit.

    Fuck it, there’s always softball. ‘

    Guns and gold, suckas!

  164. “Since math isn’t my thing, maybe Rutherford can explain how those numbers put this on the Tea Party.”-Hucking

    uh…I’m pretty sure Rutherford is done explaining.

    I feel kind of sorry for him. He fights what he thinks is the good fight for the first black president and it turns into one of the biggest disasters in American history. Epic failure.

    No need to twist the knife.

    He might still throw up some MSNBC talking points when they are available, maybe a few times a week.

    For the most part, from a political stand point, R is broken.

    The entire conversation is how to make government smaller, after Obama’s failed spending orgy.

    Not a lot of wiggle room for an old and crusty progressive in that conversation.

  165. Huck,

    That was interesting about Tea Party members. But I have a more fundamental question that doesn’t even require math or counting members.

    Think about the accusation of the ‘Tea Party’ downgrade. Preaching to the choir now, as I know you not confused.

    But what kind of deception and dishonesty does it require to believe that the S&P, which was analyzing the debt ratio to determine America’s ability to meet its debt obligations, more specifically analyzing the America’s debt to revenue ratio, were of he opinion that Congress not serious about its debt obligations, downgraded our debt rating – and then blame the only people of Congress elected months ago with the demand that Congress and Obama begin addressing our level of spending and debt?

    Now I can’t hardly believe even the rubes are that stupid to buy that argument.

    So I can only surmise these people making these pronouncements are liars. All of them.

  166. I don’t know Rabbit. Just about the time I think Rutherford at least gives serious consideration to turning the corner and admitting, that no matter how bad the hand Obama dealt, he has failed to fulfill any of his campaign promises and in fact, has taken the problems he inherited and made them much, much worse…

    …Rutherford parrots the ‘Tea Party’ downgrade.

    I can’t fathom that the rubes at Fat Grannies are dumb enough to even believe that. And since I know unlike the libs at Fat Grannies, Rutherford is certainly not stupid, I would guess that to the day Rutherford dies, he will still be making excuse for his failed dogma, lying to himself in the process.

  167. “…Rutherford parrots the ‘Tea Party’ downgrade.”-R

    Yeah….is the left even still going with that one? Or is like when Palin caused the slaughter in Arizona….it lasts about 12 hours.

  168. By the way room. I was wrong.

    I have been taken by surprise of the scope of these losses. I figured about a 150-200 point down day, possibly even the last hour a large comeback as smart money begins to move in to pick up bargains.

    But what is bothering more as I sit here and watch the market, is the slide the last hour. That is when professional money trades – after 3:00 PM EST.

    So I would guess this precipitous drop is not necessarily due to our downgrade, but something far more catastrophic – at least potentially. If Asia is slowing down, or Europe is in even worse shape than we’ve been led to believe, you could be looking at a global wide depression.

  169. I can’t even succeed when I’m dead right.

    I know, those who can’t do, teach. But I didn’t think it was a damn scientific law, like the 2nd rule of thermodynamics.

    Concentrate on the mantra, Rabbit.

    If is for losers. If is for losers. If is for losers. If is for losers. If is for losers. If is for losers. If is for losers. If is for losers. If is for losers. If is for losers. If is for losers.
    If is for losers.

  170. In my case,” if” I just would held my puts on the S&P.

    But..”.ifs” are for losers because if you obsess on “if” too long it starts to cloud your judgement.

    You either start to chalk up victories you never really had in the real world or get emotional and angry.

    My wife is blind in that eye…thanks for asking though.

  171. And Poolman, spare me the scripture. I understand the concept of turning the cheek, loving your enemies, self control, and forgiveness. That is the spiritual and the personal. But those constructs can be perverted and twisted to excuse everything.

    I sympathize with your frustration. Some days I would rather call down fire from heaven, not unlike what James and John wanted to do to the Samaritan village on their way to Jerusalem. Of course, Jesus rebuked them. He forgave all in their ignorance.

    And it isn’t a concept as much as it is a lifestyle. It really goes against the natural instincts we have and does leave us vulnerable, something we don’t generally like. That is the battle we fight with self. We want our justice served hot and fast. We want to strike before we are stricken.

    Those instructions never included turning the other cheek when your enemies are destroying the very fabric of society our fathers died to create, threatening our children’s future, stomping on the very liberties endowed by Our Creator. And we whimper and whine – and do nothing but wait for the next fixed election.

    God sets up every nation and they all work together to achieve His purposes. Our nation is not sheltered from His hand, whether it is blessings or wrath. Our nation has never been united in faith and most Americans serve other gods. Who is being allowed to destroy this nation? That’s where we need to focus. Where is the strongman? There are spiritual battles going on. We are witnessing the physical manifestations of those battles.

    The first believers were living in a world system that was not too dissimilar, yet they were not instructed to undermine it. That system cost many of them their lives, which most were willing to give for the cause of spreading the truth of the Good news of God’s new plan of salvation. True, some thought the kingdom of God would immediately come and take over, but others learned the hard way that it must first displace the darkness that presently rules here.

    NO way would Christ excuse or approve these blatant excesses.

    God is not powerless, as you know. Apparently He is allowing “these blatant excesses” for now. I doubt if the Lord would approve of how we conduct government or business, let alone many of our own personal choices or paths. That is a personal issue. We each are ultimately accountable for ourselves, which is really enough.

    I can read in the Word of His accounts with bankers and church leaders, as well as prostitutes and social outcasts. His anger was mostly for the former, while showing mostly compassion for the later.

  172. You know Poolman, theologically you are right – but I don’t agree with all of your opinion. I’m not going to debate this with you tonight because this is not the time or the place.

    But I will disagree with you that God not only protected this country once upon a time, but inspired both godly and ungodly alike to pen what I consider the most divinely inspired “secular” document ever written (the Constitution).

    There is no doubt in mind about mid 20th century the protective hedge begin to be removed.

    However, your response does not answer my question. I don’t want to debate from a theological standpoint. For example, I want to know why these people you hang with at Fat Grannies are not my enemy? They are liars, they are rank propagandists, they are thieves, they are hypocrites, they are ungodly, they are deceivers, IMO many are unAmerican, and to the best of my knowledge theyare both the most unedifying and without virtue, without restraint and without good judgment.

  173. Rutherford, like Fat Grannies, you have fallen into a bad habit of avoiding questions that dispute your previous findings. This is one I’m going to continue to rag you about, and take it as a compliment because the liberals at Fat Grannies are so dumb, they wouldn’t no where to begin, and probably couldn’t even understand if I were standing there explaining it to them.

    It goes like this.

    You liberals keep telling me that tax cuts will lower governmental revenues. Or another way, we need to raise taxes to increase public coffers. So I found an article that disputes that – not back in the 80s and Reagan, but under G.W. Bush Jr. and the decade of 2001-2009. I can provide the source if need be, but I checked and these numbers are accurate.

    Revenues fell in Bush’s first two years because of a combination of the tech bust and the start of the tax cuts. However, after taking in $1.782 trillion in tax revenues in 2003, the government collected $1.88 trillion in 2004; $2.153 trillion in 2005; $2.406 trillion in 2006; and $2.567 trillion in 2007, according to figures compiled by the Office of Management and Budget. That’s a 44 percent increase from 2003 to 2007 – and after the Bush tax cuts were implemented.

    In addition, the national deficit under the Bush administration ran up deficits of $158 billion in 2002; $378 billion in 2003; and $413 billion in 2004. But the deficits began to fall: $318 billion in 2005; $248 billion in 2006; and $161 billion in 2007. That 2007 deficit, with the tax cuts in effect, was one-tenth of what it is now.

    Why? And let’s remember. These statistics include the supposed unfunded war in Iraq.

    Now I will admit that none of listed are surpluses. But look at the trend lines? Which way was the deficit headed before the bottom dropped out? And the bottom dropped out because of trillions of dollars of toxic assets that most had no idea existed. It had nothing to do with revenues until the stock market dropped.

    Can you explain to me how you liberals continue to miss this very significant point?

  174. Blaming the Tea Party for the downgrade is like blaming your oncologist for identifying your lung cancer, after you had been warned for years that smoking increased your odds of early death.

    This assertion of brain dead morons from the left-wing is even more ludicrous IMO than blaming Sarah Palin for Gabby Gifford’s shooting.

  175. Obama’s speech certainly did nothing to slow the drop, though I suppose the White House will argue that it would have been 734 without the speech, meaning that Obama saved or created 100 Dow points . ~ Glenn Reynolds

    😆 😆 😆

  176. Masterful! Right Larry? Genius!

    Tex, the thumpin’ you’ve laid on the congenial gang at Fat Grannies is amusing. Like shooting a gnat with a cannon ball, but amusing nonetheless.

    And Poolman continues to pontificate about complete irrelevancies. That guy works a worthless platitude like Michelle works a Five Guys burger.

  177. And Poolman continues to pontificate about complete irrelevancies. That guy works a worthless platitude like Michelle works a Five Guys burger.

    😆 That was good enough, I’ve got to remember that one.

    That “thumping” caused me a boot out of that marvelous blog last week. 😀 I don’t know how many times I have to educate their moderator the boot ain’t going to last. Just waiting for little daughter to go to college this weekend, before I reset our IP address.

    I think I’ll make my new name Haywood Jablome this time. I’ve gone by that before too. I doubt they’ll get the humor in that one either.

  178. Man, Dow futures down 250 points. Japan’s getting killed.

    Every time Berry and his banker buddies printed, every time Berry borrowed trillions for failed stimulus, every debt ceiling hike, every Bush bail out, every massive entitlement program…….all of it costed big time street cred.

    When you convince the entire to world to peg all wealth to nothing more then an “ideal”, you damn sure better keep your street cred.

    Forget about the debt chart, the gold chart, EUR/USD, the Dow, etc.

    The only chart that matters at then end of the day is the belief in Uncle Sam.

    Well, Uncle Sam has acted like a degenerate. He’s no longer the “ideal”. He is just one of many in the rogue gallery of irresponsibility.

    The entire matrix is debased.

    President Obama may have taken us past the tipping point of debt.

    I might have been wrong about the S&P rating, but I think I may be correct on it’s impact.

    It didn’t trigger higher yield. Fuck no! There is no “ideal” to replace Uncle Sam. He’s good as it gets, right now. Run for your fucking lives!

    The down grade may have triggered a psychological response. A wake cup call resulting in a lack of confidence in the global economy.

    All at once, the globe may have realized America never intends to pay the shit back.

    I used to think oil was life blood of the economy. Nope. It’s confidence and confidence alone.

    The entire universe, as we know it, is run off a fiat system that almost everybody now doubts, if even for a fleeting moment, late at night.

    Keynesian economics and liberal policy may have ruined the world.

    It sounds so dramatic that it’s almost funny. But, liberals may have ruined the fucking world.

    Liberals, Rutherford, we were unique!

    The world survived because we were unique.

  179. We are witnessing the entire world take a downgrade.

    If the entire basket takes a hit, Gold would sky rocket. T-notes would look good too.

    I think I was right about the downgrade, fellas.

  180. Rumor has it after that disaster of a speech this afternoon, the market tanking to the sound of every word, Berry gave a speech at a fund raiser in which he whined about how he inherited all of this.

    Still blaming Bush.

  181. I want to know why these people you hang with at Fat Grannies are not my enemy?

    Your only real enemy is the one who can steal your soul. Our battle is not against flesh and blood. That should ring a bell, or? You can choose to be a divider or unifier. A fighter or a peacemaker. A gatherer or a scatterer. There is a time and purpose for each, as you know. But in all things, you should first be obedient to your calling, whatever that is. Then you will not be strictly acting on your own.

    These people at M&H’s blog all hold different beliefs and come from many walks of life. Though there are a small amount of conservatives and a slightly bigger percentage of independents, the bulk are democrats. That means they have varying philosophies, some of which are still evolving. The backgrounds, religion, and education among them varies too, making it an interesting mix of perspectives. It’s a microcosm of this nation.

    So you can wage war with everyone who does not see eye-to-eye with you, or you can choose to try and persuade them to see your perspective. Either way, they have the same right to exist as you.

  182. This is the kind of nonsense that has to stop. — Pfesser

    Agreed and as long as we recognize that thugs come in all colors, I’ll be the first to say leaders in every community need to step up (put on the big boy pants as you say) and tell our youth to get their act together.

  183. The idea that a capitalist economy can support a socialist welfare state is collapsing before our eyes …

    Without reading the supporting article, I do find this statement fascinating and pretty obvious … I’ve never seen it put quite that way.

    The ideal of capitalism — Dog eat dog … big dog wins, weak dog dies.
    The ideal of socialism — All dogs help all other dogs.

    That one statement quoted by Tex puts this country’s problem in sharp definition. I’ve always balked at Obama (and myself) being called a socialist but I have to admit that my notions of social justice really are not compatible with capitalism. 😐

  184. It’s a microcosm of this nation.

    Baloney. You better hope it’s not a microcosm of this nation. That claptrap is a bastion of hedonism and lies, narcissism and gossip, propaganda and abject stupidity – including the fictitious Granny(s). If you don’t recognize that, you’re a fool.

    So you can wage war with everyone who does not see eye-to-eye with you, or you can choose to try and persuade them to see your perspective.

    Do you have any idea how phony you read when you blow smoke like that? You don’t try to persuade anybody there Poolman. You butter up, you bark like a trained seal, you hide behind protected passwords gossiping, you fink, you play toddler games, mouth semantics, and act wise sage while weak poseur. It’s pathetic. Like Muffy proved from the last thread, Fat Grannies is you. That may fly with dimwitted fools and pandered TV evangelist crowds, but there’s not a person on this board that would believe you’re even true to yourself.

    You talk a great game Judas – but the way you carry your own life and the mealy-mouthed messages of some ‘gospel’ you send are straight out of Gehenna. El Tigre is right. Platitudes.

    Either way, they have the same right to exist as you.

    🙄 That ignorant statement reminded me of your sad saga of when I asked you why you live in America when everything out of that sewer of yours is negative condescension and conspiracy. You never answered that question either – feigned outrage and faux patriotism – but never an explanation. No one every said you can’t live here or have no right to exist. I asked you why if America so bad and you so good, why you wouldn’t pack and leave?

    Let me guess? Your works but filthy rags? Not not righteous? Cast thee out… 😐

  185. One Question “R” since you apparently have bowed out of your own blog:

    If you had any idea how hard it is to bring order to life among boxes you wouldn’t think I’ve “bowed” out.

    As for Obama: He said one thing today that made me laugh out loud. To paraphrase, we always have been and always will be a AAA country. LOL That’s not cheer-leading … that’s being delusional. Reminds me of Monty Python’s Black Knight: “It’s just a flesh wound.” (after getting his arm cut off).

    The online “chat room” on my radio show last night was hilarious. A liberal and an ultra conservative were in there each hating each other but both hating Obama.

    Could things be any more f*cked up?

  186. The ideal of socialism — All dogs help all other dogs.

    Was that intended as a joke Himmler?

    Listen up Heinrich. Socialism is not dogs help other dogs. Socialism is big dog leaving scraps to other dogs, while big dog eats steak each evening.

    But I do agree your principles are contrary to capitalism. They’re contrary to wealth creation, self-reliance, liberty, freedom, and success too.

    Is it on purpose, or are you just being obtuse?

  187. It’s not only the dogs that chew your ass.
    Occasionally the rest of the zoo turns on you.
    Usually it boils down to a lack of communication.

  188. Stop stealing from future generations to fund “government compassion” that the federal government has no business engaging in to begin with.

    Seriously. That is where you start, and yes, I do know what that means.

    And what do you do when folks lose their homes and start to die in the street? To use an easy metaphor, with no social safety net, folks hit the ground and go splat. You can live with that?

  189. That I’m a sociopath for being angry and outraged?

    Hey, I get angrier every day. I just don’t pin my anger exclusively on GOPhers (or libs).

    The more I listen and the more I look the more I see a congress full of politicians … and politicians are the wrong kind of people to get us out of this mess. (This goes for Obama too.)

    I think I read this concept somewhere in the past couple of weeks, but what we need are what I would call “government professionals”. Folks who’ve graduated from Kennedy School of Government and similar institutions who are sent to DC to make the country work. Their success is measured by objective measures of the country’s health (perhaps GDP and other economic measures). When the country remains sick, they get fired. Period.

  190. Yeah….is the left even still going with that one?

    You bet your sweet ass they’re still going with that one.

    Let’s put this in a light that actually makes the Tea Party look a bit noble. Everyone knows there’s a test on Tuesday. Most folks don’t study for it. Tuesday comes along and there’s a substitute teacher. Just about everyone breathes a sigh of relief … no test. That is until Johnny-assh*le-goody-two-shoes raises his hand and asks the sub “don’t you have the test we were supposed to take today?”

    Johnny is universally reviled. At best, the Tea Party was Johnny in this situation. We could all just shut the f*ck up and raise the damn debt ceiling but no … the Tea Party said we had to talk about taking debt seriously before we could move forward. The ensuing ruckus lost us our AAA rating. And again … putting the Tea Party in a more positive light, it was their intervention that put a spotlight on our collective inability to manage our finances … hence showing our ass in public … in front of S&P, who despite no credibility in the matter, did what they should have done to junk mortgages years ago, they called a foul and put us in the penalty box.

    So yes … the Tea Party (despite Huck’s vote count) is integral to what happened. The only question that remains is should we thank them for it?

  191. Haywood Jablome

    ROTFLMAO … OK I admit it. I had to look at that name for a few seconds before I got it.

    Tex, you’re an evil evil man … that’s why I love you (in a manly sort of way). 😆

  192. I’m beginning to think this story isn’t going to end well. The question now on the table is will any Dem have the balls to primary Obama?

    If enough Dem’s decide that they will lose the White House with Obama as an incumbent, they might just decide to make a play for a replacement.

    I have to admit folks, I never saw this clusterf*ck coming. Dow down almost 2000 points in two weeks. 😦

  193. “So yes … the Tea Party (despite Huck’s vote count) is integral to what happened. The only question that remains is should we thank them for it?”-R

    The Tea Party told the truth and you blame them. How fucked up is that.

    As for Huck’s vote count…..how can you “despite” it?

  194. Poolman, thanks for the Neil Young vid. Great way to finish off my night … damn I love that song!

    “One more kid who’ll never go to school, never get to fall in love, never get to be cool.”

    Classic!

    Although the vid leaves off the third verse which if I remember correctly endorsed Jessie Jackson (“got a man of the people, says keep hope alive”).

  195. The Tea Party told the truth and you blame them. How fucked up is that.

    To stay with my analogy, Johnny-goody-two-shoes told the truth to the substitute teacher too … and you don’t understand why everyone wanted to kick his ass?

    Let’s just say they told an “inconvenient truth”. Now we have to deal with the consequences.

  196. Huck’s vote count proves that intransigence was not the sole domain of the Tea Party. But motive should be considered. The Tea Party hard liners wanted no debt ceiling raise under any circumstances. The Dem’s were protesting a “deal” with no revenue component. But the Dem’s wanted a deal … the TP crowd did not. There is a difference.

  197. “and you don’t understand why everyone wanted to kick his ass?”-R

    Pathetic analogy.

    Dealing with the consequences is the only thing that may save us.

    I know you know this.

    This is bar none the most inane argument I’ve ever heard from you.

    You really will buy into anything that comes your way from MSNBC.

    Rutherford, your not even making mathematical sense. Did you see the number of Dems who voted it down?

    Your argument is literally sophomoric (relying on the sophomore bullies who didn’t study for the test).

    It also makes no sense: Simply count who voted for what.

  198. So let me get this straight…..

    Barack Obama…the leader of the Free World…the leader of the party that controls the senate…got rolled by a worthless bunch of political thugs that make up less than 1/4 of the government?

    Are you guys sure the card that you want to play is impotence? That will go well with the ignorance (things were worse than I thought) card he has played for years, already.

    The only people who didn’t study for the test were democrats. They sat on their asses for more than 800 days knowing the test was coming. The GOP made honest attempts for months to form study groups to prepare for the test. But democrats kept saying they didn’t like things. Warning that they were against whatever was on the menu before the menu had even been given to them.

    And when they were asked for their input…they offered nothing. NOTHING! No budgets for 2 years, Rutherford. And no plans during the debt ceiling negotiation. (And if you are going to call me on that, you had better be prepared to articulate some details from those phantom plans.)

    No. The problem isn’t that the Tea Party reminded the sub there was a test. The problem was that democrats cut class until the last minute and the sub waited until they showed up to hand out the test. That made everyone have to rush to take the test in the remaining time, and the entire class got a shitty grade because of it.

    “I think I read this concept somewhere in the past couple of weeks, but what we need are what I would call “government professionals”. Folks who’ve graduated from Kennedy School of Government and similar institutions who are sent to DC to make the country work. Their success is measured by objective measures of the country’s health (perhaps GDP and other economic measures). When the country remains sick, they get fired. Period.”

    We already have that system in place. It’s called “elections.” When we don’t like how a politician does their job, we replace them with someone else.

    That system works really well when people don’t cast their votes based on principle or race or the lesser evil.

  199. “Their success is measured by objective measures of the country’s health”-R

    Except they are not allowed to be objective when addressing said problem. Yeah….great plan, Rutherford.

  200. “We could all just shut the f*ck up and raise the damn debt ceiling…”

    Notice that the option of not reaching the debt ceiling in the first place is never an option that democrats recognize?

  201. Sorry to hear about the eye. I was hoping it was going to be a temp thing and heal.

    Salmon ran great. Total take home weight of fillet and Halibut steak was 140lbs. Had a brown bear come about 50 yds from me, which was cool, though I admit I was sizing up the speed of the fat guy beside me. I only needed to out run him you know.

    Had a pod of Fin whales breaching around us when we chartered out in the bay. That’s pretty damn cool, though a little distracting when you’re hauling in big King salmon and halibut!

    Monk seals swimming around me me too while fishing in one of the river deltas. Overall, just an awesome trip. The kind of thing that someone is lucky to do once, though I’ll make an effort to go back before too long.

  202. Rutherford said:

    “I have to admit folks, I never saw this clusterf*ck coming. Dow down almost 2000 points in two weeks. ”

    I hate to say I told you so, but I only did that about three or four times. And we are just beginning. Inflation is the next step and there is not a thing they can do about it. I am SO worried for my children. We are looking at 6-10 years of bad times – and I mean BAD times – minimum.

    We need a Constitutional convention in the worst way, my friend. And the first order of business is to take the printing presses away from those bastards who get their mail in DC. It is very difficult for them to affect the economy in a positive way but they can damn sure put it through the windshield – as you have seen. There is a name for their attitudes. It is called hubris. And for the biblical types, we know what goes before destruction and before a fall. (Proverbs 16:18) Too bad they are taking the whole country with them.

    R – I don’t blame you (or me) for voting for Bo. Given what we faced on the other side, there was no choice. But he and his compadres have been a f-ing disaster; that much is clear. Now the ReBiblicans are getting ready to front Rick Perry – quite a choice. Hmmm…..which is worse – a socialist or a dominionist?….hmmm…..interesting times indeed.

  203. I don’t buy it. I just think the president isn’t very bright.

    Socrates taught that wisdom begins in the recognition of how little we know. Mr. Obama is perpetually intent on telling us how much he knows. Aristotle wrote that the type of intelligence most needed in politics is prudence, which in turn requires experience. Mr. Obama came to office with no experience. Plutarch warned that flattery “makes itself an obstacle and pestilence to great houses and great affairs.” Today’s White House, more so than any in memory, is stuffed with flatterers.”

  204. “The Dem’s were protesting a “deal” with no revenue component. But the Dem’s wanted a deal … the TP crowd did not. There is a difference.”

    Yeah. The dems held everyone hostage. Like a terrorists, rather than take the spending reduction path, with nothing preventing a revenue pitch after the fact (non whatsoever), they refused to compromise. No Plan, No budget. Obama moves the goal posts and tanks a balanced budget deal because his effort to use brinkmanship to achieve a “win” for his base was his ultimate objective. The Senate refuses any agreement that doesn’t include unrestrained spending going into an election year. Obama backs them up with a promise to veto any measure submitted by the House that doesn’t follow the suicidal agenda of the left.

    And the left stands back, mouths agape, while the economy plunges with one thought, and one thought only: “how do we blame this on the right?” Spineless fucks.

    The hostages and terrorists are Y-O-U.

    Time to give up MSNBC’s talking points and get real. There are no such things as unicorns. You don’t need to kill all the other animals to find that out fro Christ’s sake.

  205. Here’s to Hope and Change…

    (Politico) – Barack Obama’s aides and advisers are preparing to center the president’s re-election campaign on a ferocious personal assault on Mitt Romney’s character and business background, a strategy grounded in the early stage expectation that the former Massachusetts governor is the likely GOP nominee.

    The dramatic and unabashedly negative turn is the product of political reality. Obama remains personally popular, but pluralities in recent polling disapprove of his handling of his job and Americans fear the country is on the wrong track. His aides are increasingly resigned to running for re-election in a glum nation. And so the candidate who ran on “hope” in 2008 has little choice four years later but to run a slashing, personal campaign aimed at disqualifying his likeliest opponent.

    In a move that will make some Democrats shudder, Obama’s high command has even studied President Bush’s 2004 takedown of Sen. John F. Kerry, a senior campaign adviser told POLITICO, for clues on how a president with middling approval ratings can defeat a challenger.

    “Unless things change and Obama can run on accomplishments, he will have to kill Romney,” said a prominent Democratic strategist aligned with the White House.

    The onslaught would have two aspects. The first is personal: Obama’s re-elect will portray the public Romney as inauthentic, unprincipled and, in a word used repeatedly by Obama’s advisers in about a dozen interviews, “weird.”

  206. Tigre, agree 100%.

    Another fine example of such:

    (Washington Examiner) — Barack Obama attended a high dollar fundraiser last night after the stock market lost over 600 points in daily trading, but he didn’t demonstrate the panic that struck Wall Street that day.
    “Markets will go up and down, but the underlying challenges have held steady for too long,” he said at an outreach event at the St. Regis Hotel.
    “This is not rocket science in terms of how we can create more jobs in this country,” he said at a fundraiser where tickets cost $15,000 per family.

    Somewhere, I’m certain, some Dem strategist is shuddering. Likewise, some GOP strategist just glued his shorts to his leg…

  207. “The Tea Party hard liners wanted no debt ceiling raise under any circumstances. The Dem’s were protesting a “deal” with no revenue component. But the Dem’s wanted a deal

    How can you say they wanted a deal when they never offered a deal of their own and voted against any deal offered?

  208. And what do you do when folks lose their homes and start to die in the street? To use an easy metaphor, with no social safety net, folks hit the ground and go splat. You can live with that?

    “Blithering Idiot” doesn’t become you, R.

    I said that it isn’t a job for the FEDERAL GOVERNMENT. If the people of individual states want to do it, more power to them. Much like Pennsylvania’s decision to give out cell phones to “the poor”. If the voters of Pennsylvania think that is a good use of their tax money, then they are free to let it continue…and if they don’t, they can put a stop to it/

  209. I think I read this concept somewhere in the past couple of weeks, but what we need are what I would call “government professionals”. Folks who’ve graduated from Kennedy School of Government and similar institutions who are sent to DC to make the country work.

    You’re hopeless. The patient has Stage IV brain cancer, and your prescription is to feed the tumor.

  210. Yes. We must select pedigreed people from an Ivy league institution ’cause they’re really smart, like Obama. And then we turn the country into a dictatorship so. . . you know . . . our democracy can function better.

    Pass the bong. 🙄

  211. No. The problem isn’t that the Tea Party reminded the sub there was a test.

    Well Huck, thanks at least for playing within my metaphor … more than I could say for Rabbit. 😉

    We already have that system in place. It’s called “elections.” When we don’t like how a politician does their job, we replace them with someone else.

    Nope, that’s where you’re wrong. Politicians play politics. They don’t stop running for office once they are elected. They are perpetually running for office, caving into the wrong influences and doing what will get them re-elected which is not always synonymous with what is best for the country.

    Everyone here is quick to throw stones at the Dems and Obama. A few of you (I think Tex and Pfesser to name two) understand that it is the voter who bears a lot of the responsibility for where we are right now. Those folks with the funny hats who sent the members of the Tea Party caucus to Congress will change their tune when legislation takes away the things they love (like SS at 65).

    I’m beginning to think we are seeing the failure of many systems we have always assumed were hard-wired to be successful … capitalism and democracy being two of them.

  212. “I’m beginning to think we are seeing the failure of many systems we have always assumed were hard-wired to be successful … capitalism and democracy being two of them.”

    Rutherford, the rejection of both by the non-thinking masses with distorted views of the role of government based on their perceived dependency is the problem.

    Social equality and charity come from personal commitment and sacrifice; not pulling a lever. It’s time for America to grow the fuck up.

  213. Capitalism? When exactly have we tried it in the last 3 years?

    As for Democracy, again, considering all these secret committees and backdoor deals, I wonder what Democracy must really look like. Again, when have we tried it in the last 3 years?

    Oh yeah, November 2010…

  214. “They are perpetually running for office, caving into the wrong influences and doing what will get them re-elected which is not always synonymous with what is best for the country.”

    And who keeps putting them there?

    The people who elect them.

    I am pretty sure that is called “democracy.”

    “I’m beginning to think we are seeing the failure of many systems we have always assumed were hard-wired to be successful … capitalism and democracy being two of them.”

    Less than 4 years after democracy elected the first black man in American history, it is now a failing system because 55 congressmen made the President of the United States of America and the United States Senate look like the assclowns that so many of us knew they were.

    Classic.

  215. I long for a philosopher-king? That’s a new one.

    I always forget BiW’s prescription for fixing the federal government — eliminate it. So easy. I don’t know why I keep forgetting it. 🙂

  216. I always forget BiW’s prescription for fixing the federal government — eliminate it. So easy. I don’t know why I keep forgetting it.

    Not elimination. Just limiting it to its strictly defined powers, and returning the ones it stole back to the states and the individuals.

  217. Everyone here is quick to throw stones at the Dems and Obama. A few of you (I think Tex and Pfesser to name two) understand that it is the voter who bears a lot of the responsibility for where we are right now.

    Agreed, and while we were mad at the low-information voters who pulled the lever for “Hoax and Chains”, we weren’t suggesting that it was a failure of representative democracy that should be replaced with technocrats crammed with volumes of knowledge that aren’t true and little or no practical knowledge, but a thirst to “rule”.

  218. “A few of you (I think Tex and Pfesser to name two) understand that it is the voter who bears a lot of the responsibility for where we are right now.”

    And since you are a democrat, Rutherford, it’s nice to finally see you taking responsibility for what your votes have brought us.

  219. …and then there are the vast majority of those that actually believe voting makes any kind of real difference at all. The power of the old placebo. The answer to all our problems is just a vote away. 😆 Yeah, go have a conversation with Michael Connell about that…

    …and, if that in and of itself isn’t delusional enough, they are convinced we live in a democracy. 😆

  220. Do you see any difference in our nation’s direction or in the global agenda, whether a democrat or republican is CIC? The game’s rigged, no matter which team holds the seat(s).

  221. Unfortunately, the majority of Americans have neither the intellectual curiosity to actually learn about historical events nor the intelligence to actually think about claims made by their leaders or pop-journalism-gate keeping-icons.

    For example: Americans have swallowed whole the concept of our troops “protecting our freedom” without ever once asking “how, how does killing foreigners in Iraq or Afghanistan protect our freedom?” Maybe if they asked that question just once and really waited for an answer, a real answer that actually really made sense to them, they would realize there is no answer – because troops killing foreigners have no impact on the freedoms of the American people, and they never will.

    Here is another question Americans have not asked, “How can an Iraqi, Pakistani, Afghan or Islamic fundamentalist in other nations take away our freedom?” The answer to this question is of course…by becoming a member of the US Congress.

  222. Follow the real money, instead of the fiat currency. See what has happened to it in these past ten years. Who is holding all the gold?
    Follow the yellow brick road.
    Gold has risen from $35 an ounce to $1600 in the 40 years since we went off the standard and started just printing money. Nixon was the puppet in charge. He had to pay for Vietnam. It’s been an ongoing battle since, and the American citizens are losing, big time.

  223. Poolman –

    Hear! Hear!

    Did you ever see “Trilogy of Terror?” It was a made-for-TV thriller back in the ‘seventies I think and is a three-part flick. The part called “Amelia” – starring Karen Black – is about a woman living alone who is given a Zuni warrior fetish doll. The legend is that if the necklace is ever removed from around its neck it will come to life and, being a warrior, begin wreaking havoc with its little knives and spear.

    Well, of course the necklace falls off and the doll begins to hunt Amelia, inflicting grievous harm to her.

    When Nixon (said by Milton Friedman to be the worst president ever vis a vis the economy) took us off the gold standard, he took the little necklace off the Congress, the Fed and the Presidency that served to restrain their printing presses – horrible weapons of nation destruction.

    God help us. We will undergo grievous wounds before we ever get it back on.

  224. “I long for a philosopher-king? That’s a new one.”

    Messianic dictator? Cult leader? Just “king” without “philosopher?”

    R, you confuse the failure of liberalism with the failure of democracy and capitalism (liberalism being the antithesis of the others).

    Why this hurts so much to the left I’ll never understand, but some accountability for those you put into office is required in a democracy. What the hell. Give it a try. Maybe you’ll see that “change you can believe in.”

  225. “Gold has risen from $35 an ounce to $1600 in the 40 years since”

    Poolman, while I hear what you are saying about the “barbaric relic” we are still not at the 1980 highs. Just throwing that out there.

    I never bought my USO (oil calls) because of the damn futures market having all the fun without me. Then it dipped anyways.

    I always bitch about not having a futures account, but damn would I lose my ass if I had one.

    Want to make a quick buck?

    Pump and dump BORK. It’s at 3 bucks right now. I’m guessing it will be 3.75 some time this week, at the very least. They are having a big presentation today in Florida, and I got man on the floor.

    This penny stock has been a revolving cash machine for me since Spring. I’ve mentioned it many times here. Plus, I think there its possibly not bull shit.

    Dead Rabbit Hedgefund, since it’s January inception, has dialed in a 600% plus return.

    I know this is the internet, where such ridiculous claims are made, but I swear by it. Funny stuff.

    I just don’t know how I can ever go long. I don’t like being a perma-bear, negative Nelly. I think many of these bears want the system to fail for egocentric reasons. A “I’m not a personal failure, the universe is fucked” type thing.

    If this system crashes one day, let it be known I’m personally as fucked up as the universe is.

    .

  226. Putz is an understatement.

    “Puts” are a way of shorting something. I shorted the S&P 500.

    You buy contracts to the right to buy or sell a stock at a given time and price, while leveraged.

    The contract itself has value and can be sold on the open market.

    Its like calling “shot gun” before getting in the car for a future trip and then selling that right to ride shot gun.

    If you keep your contracts all the way to the end and didn’t achieve your strike price, you lose all your money.

  227. Why did I look, the puts I sold to pay off Fannie Mae would have made me 18 bucks to every dollar I put in.

    Only in the stock market is there such a thing as “seller’s regret”. 🙂

  228. Rutherford,

    Now that you’re somewhat acclimated, how does it feel to be living more centrally and in a slower time zone?

  229. Alfie, it’s an MSNBC talking point from the disenchanted left that are struggling with the discovery of the man behind the curtain. I heard it this morning — democracy and capitalism doesn’t work and this is the proof.

    Sound familiar? It should if you were around during the Carter administration. They spouted the same stupid shit to explain away the failure of their president, party and ideology.

    Social justice my ass. The fact that liberalism doesn’t work as will always be evident in a crisis.

    But other than that, how was the play Mrs. Lincoln.

  230. Good God Rabbit … I finished my reading assignment.

    An old friend of mine (actually the dude who hired me off the street 28 years ago) made a pact with me late last year to read Plato’s Republic. Long after he had finished it, I was still struggling with the first 30 pages or so.

    What I find amusing and frustrating about Plato is the call and response nature of the prose:

    “Is such and such this and that?
    Most certainly.
    And if such and such is that and that, then shouldn’t that be this?
    Agreed.
    And if this and that is that and this, aren’t they the same thing?
    How can it not be so?”

    Good God in heaven!!!! Just spit out your damn thesis and stop looking for validation of every f*cking sentence!!!!!

    So with all that said, Rabbit, what exactly was your point? Plato says our leaders should be those who seek truth. That seems pretty logical to me.

    And how many politicians seek truth?

  231. Now that you’re somewhat acclimated, how does it feel to be living more centrally and in a slower time zone?

    I still feel like a stranger in a strange land.

    The weirdest thing is that I’m “an hour behind” so my body clock should be telling me to go to bed by midnight (1am EDT, my old bedtime) but instead I’ve gone in reverse. I’m up later instead of going to bed earlier. As a result, I struggle not to be a blithering idiot during the day.

    Oddly even though the pace here is a bit slower, my old home was in a region that bordered on rural. Now I’m smack dab in the suburbs. You can’t throw a rock without hitting a restaurant, department store or just about anything else you might need. In Middlebury anything you wanted was a 15 to 20 minute drive away … now it’s five minutes.

    Tex would get a major kick out of my liberal views being put to the test here. My old neighborhood was basically white, wanna-be-rich folk, lawyers, bankers, IT guys. The only other black family was literally from Africa .. so not black in the American sense of the word.

    The new neighborhood is much more diverse. Lots of Indians (Naperville is an IT corridor of Illinois), a few blacks, and whites who appear to be either young professionals renting their first place or older folks of the contractor variety. My respiratory therapist told me lots of cops live here. She had no idea that actually would NOT be a comfort to me. 😐

    So to make a long story short, I’m slowly adjusting. The bouts of homesickness are fewer. Most importantly, the kid is very happy.

  232. “So with all that said, Rabbit, what exactly was your point?”

    “what we need are what I would call “government professionals”.”

    “Rutherford’s recent longing for a philosopher king

    “I long for a philosopher-king? That’s a new one.”

    “Rutherford, here is your reading assignment.”

    “Inasmuch as philosophers only are able to grasp the eternal and unchangeable, and those who wander in the region of the many and variable are not philosophers, I must ask you which of the two classes should be the rulers of our State?”

    His point was that you do indeed want a philosopher king, and a philosopher court to go along with it.

  233. What I find amusing and frustrating about Plato is the call and response nature of the prose:

    “Is such and such this and that?
    Most certainly.
    And if such and such is that and that, then shouldn’t that be this?
    Agreed.
    And if this and that is that and this, aren’t they the same thing?
    How can it not be so?”

    Good God in heaven!!!! Just spit out your damn thesis and stop looking for validation of every f*cking sentence!!!!!

    Genius, it’s called Socratic expression. I’d think that expensive Harvard degree would have mentioned it at some point.

    And yes, it is needed to validate every point because liberals are so damn dumb that you literally have to walk them through a logical argument. Is this 2? Yes. Is this 2? Yes. When combined, do they equal 4? Yes. Therefore, spending over a trillion dollars when revenues are at about 230 billion means we have a spending problem.

    As for philosopher kings, it should come as no surprise to anyone here: Barak Obama is still going on vacation August 18th. I know, I know, proper leadership and a general sense of I give a shit would advise otherwise, but at the end of the day, the man has a tee time…

  234. Well R in 271 you said:

    I’ve always balked at Obama (and myself) being called a socialist but I have to admit that my notions of social justice really are not compatible with capitalism.

    I’m left thinking you have no idea of what most people today mean when they (me included) toss about the S word. If you think Socialism as we humans have embraced it has anything to do with social justice,freedom and all the goodies you are very much mistaken.
    As for 279 you literally crushed my view of you. The metaphor was poor and the gravity of that which your revealed position is/was is just shocking.The USA having a debt level that will take 100% of our GDP PLUS a chunk from the rest of the planets GDP combined to pay off??? Justice????

  235. 1. “Plato says our leaders should be those who seek truth. That seems pretty logical to me.”-Rutherford

    2. “And how many politicians seek truth?”-Rutherford

    3. “Let’s just say they told an “inconvenient truth”. Now we have to deal with the consequences.”-Rutherford

    Ah yes, you never know the direction a classroom discussion will take.

    As Hucking explained, I originally assigned you the Philosopher King reading as one of the oldest examples of elitism out there.

    I was hoping that maybe you would smirk after realizing the irony of it all, that Plato is making an argument for himself to be king.

    By the way, I actually agree with you. He is a wordy motherfucker. I don’t necessarily think he’d make a great ruler. I know Plato make a funky boss.

    But, I got something much better. Blatant hypocrisy.

  236. The BeeGees’ old songs of sadness and love always did and still do slay me. They also got me a lot of pussy. What’s not to like?

    BTW, ever notice that Barry Gibb looks like God?

  237. Rutherford –

    With respect, I believe one or both of us is/are sadly misinformed.

    I read incessantly about politics, and it has slowly become clear to me that the liberal thought process (on fiscal and governmental matters) is born of well-meaning but is grossly naive about how things really work. It is so seductive to give into the idea that “he has more than I do and that’s not fair and I should be able to force him to share.”

    But this kind of thought process ignores the whole raft of unintended consequences that go with it – the most important of which is that when you take away producers’ freedoms, money and ability to earn you are taking away the very engine that produces the money you want to redistribute.

    I think it has been shown over and over that the old saw about how “the problem with capitalism is that it distributes the wealth so unequally and the problem with socialism is that it distributes the misery so perfectly” is 100% true. But more importantly it has been shown that a free capitalist society is not only more compassionate, but it has more goodies for everybody, including the poor. The perfect twin experiment is East/West Germany after WWII. My brother was stationed in Germany in the ‘sixties and he said it was an amazing experience to pass through Checkpoint Charlie and go into East Berlin. From prosperity and plenty (remember, this was only about 20 years after the decimation of Germany!) to complete, abject poverty. Except for the Politburo, of course.

    I would like to know how you arrived at your position on conservative/liberal sometime.

  238. There is no doubt that the Bee Gees best days were pre-disco. “I Started a Joke” and the “Mining Disaster” song (I forget the full title) are great pieces of 60’s pop. Besides, how can one resist those chipmonk voices?

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