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Greenspan in a “state of shocked disbelief.”

Raise your hand if you’ve read any of Ayn Rand’s books? When you read them, did you laugh out loud? If the answer is yes, you may leave the room. You have a brain. If you didn’t, tsk tsk tsk. You must stay and listen to her loyal follower, Alan Greenspan.

Mr. Greenspan is testifying before Congress about our economic meltdown. He said he is in “a state of shocked disbelief.” Poor poor Alan. He read Ayn Rand and sat at her feet like a sweet little puppy. He is stupid.

People who say they are libertarians are actually saying they’re better than everyone else and they should be rewarded for that. I’ve got mine, screw you is the underlying text. Me and people like me are so smart and so clever and so industrious that we should lead without any government restraint on our actions. Dumb d’Dumb Dumb Dumb.

Libertarianism is a religion to Alan Greenspan. There is no logic. There is no data. He had “faith” in his libertarian beliefs. Ooopsie. It’s nonsense! From the New York Times:

Mr. Greenspan said he had made a “mistake” in believing that banks in operating in their self-interest would be sufficient to protect their shareholders and the equity in their institutions.

Mr. Greenspan said that he had found “a flaw in the model that I perceived is the critical functioning structure that defines how the world works.”

Mr. Greenspan, who headed the nation’s central bank for 18.5 years, said that he and others who believed lending institutions would do a good job of protecting their shareholders are in a “state of shocked disbelief.”

He said that the current crisis had “turned out to be much broader than anything that I could have imagined.”

Guess what, sanctimonious wonder pup, people are people are people and no one is good all the time. In fact, most people are bad most of the time when money is involved. I think the key word in the text above is “believing.” Alan based all of his actions on a belief. Then he jumbled the numbers to fit the belief. That’s not science. That’s nonsense. That’s religion.

I had this friend once upon a time who claimed to be a libertarian. Like most liberatians I’ve known, she was functionally very ordinary. She had degrees all over the place but next to nothing in her bank account. She was basically ineffectual in the workplace. Was she smart? Yes, she was smart with books but hopelessly self obsessed, conceited and an insulting patronizing supervisor. She was doomed to a slow rise to middle management without a single innovative thought. She was a libertarian true believer.

Next time you see a libertarian bumper sticker on a car, take note of the driver and the car. You’re probably looking at the company joke searching for his Swingline stapler.

And, Mr. Greenspan and Mr. Bernanke, next time you decide to play with the world’s money, sit back and imagine what P.T. Barnum would do if he was given a pile of dough and didn’t have to worry about the cops. He’d steal it all. Maybe you should teach that in your econ courses at Princeton.

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October 23, 2008   No Comments

Good Christians for McCain

Good christians translates to bigoted cowards. These people make me gag.

September 24, 2008   No Comments

McCain is a Coward!

McCain wants Friday’s debate postponed to concentrate on the economic crisis. Give me a break. This really takes the cake. He’s an idiot and a coward.

September 24, 2008   No Comments

Finally – Handcuffs and Perp Walks for the Thieves?

A few days ago, I linked to an opinion piece in the First Post asking why no one was going to jail over the septic backup of corporate crime we’re witnessing. Finally, it looks like investigations are under way. From the New York Times today:

The Federal Bureau of Investigation, under pressure to look at possible criminal activity in the financial markets, is expanding its corporate fraud inquiries in the wake of the tumult in the last 10 days, officials said Tuesday.

The F.B.I. has now opened preliminary investigations into possible fraud involving the four giant corporations at the center of the recent turmoil — Fannie Mae and Freddie Mac, Lehman Brothers and the American International Group, The Associated Press reported.

Congratulate yourself on witnessing history. I used to marvel at the stories my parents would tell about the ’20s and ’30s. My parents married right before the crash in 1929. Warren Harding’s regime hit them hard. Today, we have Warding Harding on steroids. We have George Bush and Dick Cheney and all of their oil buddies and their Wall Street buddies and their neo-con nonsense. For years, Germany and France have been begging the USofA and the UK to regulate their markets. We wouldn’t hear of it. We were entranced and speaking in neo-con tongues. France doesn’t allow short trading. France is smart. We’re stupid and most of America is going to pay for this stupid with their life savings. Thank you so much for voting for George Bush and his Merry Men, not once, but twice.

September 24, 2008   1 Comment

Sarah Palin – Shrieking Bobblehead – Bans Reporters

From the Associated Press today:

Republican vice presidential candidate Sarah Palin, who has not held a press conference in nearly four weeks of campaigning, on Tuesday banned reporters from her first meetings with world leaders, allowing access only to photographers and a television crew.

CNN, which was providing the television coverage for news organizations, decided to pull its TV crew, effectively denying Palin the high visibility she had sought.

The republican ticket is a total joke. McCain is Nero playing his violin.

September 23, 2008   No Comments

You are The Boss… which team would you hire?

Someone posted this on Newsweek after an article reporting on Sen. Chuck Hagel’s comments that Palin isn’t qualified.

With America facing historic debt, multiple war fronts, stumbling health care, a weakened dollar, all-time high prison population, skyrocketing Federal spending, mortgage crises, bank foreclosures, etc. etc., this is an unusually critical election year.  The idea of “leadership” must be broadened from mere “experience” to include knowledge, learnedness and insight.

Let’s look at the educational background of your two options:

Obama:
Occidental College – Two years.
Columbia University – B.A. political science with a specialization in international relations.
Harvard – Juris Doctor (J.D.) Magna Cum Laude

Biden:
University of Delaware – B.A. in history and B.A. in political science.
Syracuse University College of Law – Juris Doctor (J.D.)

vs.

McCain:
United States Naval Academy – Class rank 894 of 899

Palin:
Hawaii Pacific University – 1 semester
North Idaho College – 2 semesters – general study
University of Idaho – 2 semesters – journalism
Matanuska-Susitna College – 1 semester
University of Idaho – 3 semesters – B.A. in journalism

Now, which team are you going to hire ?

McCain is bad but Palin is pitiful. She has the resume for the night manager at a fast food restaurant. This shows very clearly that the republicans do not have any ethical and moral standards. They’ll promote anyone for office if they think it might give them a chance to maintain power.

September 18, 2008   No Comments

Are We Entering an Economic Depression?

I’ve written about this before and noted the similarities between what is happening now and what has happened in the past but I’m no economist. I can’t speak as an expert but the things I’m seeing now are reminding me of what my father said to the TV in the early 80s. When Reagan became president and the safeguards put in place during the last economic depression in the 1930s started to fall the by way, my father, while watching a news report on the topic, pounded his fist on his recliner and said, “Those bastards, they’re going to make it all happen again.” I think my dad was right.

The republicans have systematically deregulated our financial institutions and said repeatedly that the market will regulate itself. I’m sure it will but how many people will be ruined in the process? The market is not a deity. The market is people. People are greedy. People make mistakes. People cheat. To protect the innocent, we built a system of laws and regulations. This system has been destroyed over the last 30-40 years. We have a disaster.

How much is it going to cost the individual to save these failing institutions? How many millions will the CEOs make at our expense? I don’t think I can count that high. People need to wake up and read the history books. What’s happening is not new. It’s happened before. Our leaders, in the past, made laws to protect us from this happening again. The Neo-cons disabled those protections.

An article I read yesterday makes an important point about what is happening. The article asks, why isn’t anyone being led away from these institutions in handcuffs? From the First Post:

The enduring image of Wall Street’s last systemic scandal, the insider-trading crimes of the mid-1980s, was that of a young trader sobbing as he was led off the trading floor in handcuffs. As the tears dribbled down onto his red braces, his peers gazed on in both pity and terror that they might be next.

Those guys stole a few million. The current Wall Street criminals are stealing billions and it’s going to come right out of the common citzen’s pocket. The article continues:

…They built a pyramid scheme of debt, charging fees for every misguided layer they added until they lost sight of what was going on at the foundation: bad loans being issued to people who should never have been borrowing to buy assets they could not realistically afford.

And so where are the handcuffs? The trials? The plea bargains for just a few months in a country club jail? Nowhere.

How can it not be a crime to mismanage a business to the point where the US Treasury has to step in with more than £100bn in taxpayer funded credit lines, as it did with Freddie Mac and Fannie Mae? Or to tell investors that your business was robust, even as it was disappearing down the plughole, as Lehman’s executives did? At what point does incompetence become so disastrous it turns criminal?

Why is no one in the government or in the media discussing criminal prosecution of the folks involved in these scandalous failures?

And, the answer to the question I posed here? Are we entering an economic depression? I think we are. I think the war debt and the financial market melt down combined with the overpopulation of the planet are creating the perfect storm. I think we’re looking at very hard times ahead.

September 17, 2008   No Comments

The Public Library – Better than Sliced Bread

As I’ve noted elsewhere, I love books. I have lots of books. Last year I nursed a fantasy that I would be able to give away most of my books but I wasn’t able to follow through on that goal. I have been able to use the library to avoid buying as many new books as I used to buy. This year I’ve bought a few comic/graphic novel books and a cook book or two. That’s pretty good. I feel like I’ve built a dam and it’s holding.

I’ve also been intent on dumping cable. For the ten years I was in California, I didn’t have cable. I signed up here and I was able to see everything I hadn’t seen in about 7-9 months. After that, it was the constant irritation of turning on the TV and seeing infomercials on more channels than original programming. Most of the original programming was Law and Order of various flavors. Why pay for a slime ball company like Comcast or any of the others to pipe an endless stream of screaming infomercials into your home? I cut cable to absolute minimum. I’ve bought an antenna to cut them off completely but I haven’t had time to risk my life installing it.

The other thing I did was join Netflix. Netflix is wonderful. I can watch anything at any time and it’s all stuff that I want to watch. Why doesn’t everyone dump cable and sign with Netflix? It’s pure joy.

Finally, I also pick up media from the library and that’s sort of the point to this rant. Our library has a great collection of DVDs and VHS but they charged for them. The fee was $2 which made them more expensive than Netflix. I picked up a VHS tape at the library today and they’ve stopped charging for the older VHS movies. That’s so fantastic. I know several struggling families that can’t afford even basic 15 channel cable that rely upon the library for most of their entertainment. It’s great to live in a city with a library like ours.

If you haven’t visited your library recently, try visiting on-line. You may find a whole world of free just down the street.

September 13, 2008   No Comments

The Perfect Description of the Republican Ticket

A friend of mine has described the republican ticket perfectly:

Now we have a cadaver and a shrieking bobblehead to look at for the next 2 months. If it’s longer than that, just please put a gun to my head.

If you’re blogging about Palin, please tag all your posts with “shrieking bobblehead”.

September 8, 2008   No Comments

Palin Did Not Withdraw

Isn’t it incredibly sad that the republicans have nominated the worst and the dumbest for president and vice president? McCain barely made it through Annapolis. He was 2nd to last in his class. Palin was a lackluster student in communications. That translates to party party party.  How can anyone in their right mind think that these mental light-weights have what it takes to deal with the complexities of our government, our economy and the world situation? It is a very dire omen for our country that the best and the brightest are shoved aside for the less than mediocre.

September 7, 2008   No Comments