The Burdens of Being Wall Street: Let the Dog and Pony Show Begin

Nothing gets a concerted anti-regulation propaganda effort going as quickly and widely as the hint of a possibility of a chance that the public is thinking of reining in the rich and the powerful. And so, as the media trumpet new "restrictions" on CEO compensation in one version of the stimulus bill, and the public mood toward financial industry executives and charlatans turns surly, we get: (a) odes to the beauty of greed, (b) whimpers about the lack of compassion for how expensive it can be to "live up to your station," and (b) an orchestrated dog and pony show on how onerous the new "restrictions" are.

Mmm, guess I'm a Socialist!

Chutzpah. Yiddish word, loosely? Big, brass balls. Insolence, audacity, impertinence. Doing or saying something that makes others stand back and gasp at how we just cannot believe anyone can do or say something of that calibre.


I guess, too, it helps to be lost on another planet....

The State of Television News: This Is ‘Choice?’

Thank God for the electronic revolution, cable and satellite tv, and all the other modern inventions that have given the public such an incredible range of choices. Right?

1982 Was Worse? Really? Let's Review

David Leonhardt's column in Tuesday's NY Times posits that the economy stinks right now, but not as bad as it stunk in 1982. To be fair to Leonhardt, the column as a whole is more nuanced than the title, "The Economy Is Bad, but 1982 Was Worse," would have you believe. But Leonhardt still does conclude that "the economy is not yet as bad as it was in the early 1980s" (though he finds it "likely" that we'll reach that low point by the end of 2009, even if the stimulus bill passes).

Cantor (Eric): It's Not Just A Name, It's A Job

Looks like Eric Cantor, the Republican Congressman from Virginia, is next in line. You know, like Frist and DeLay and Santorum, and so on: the appointed Republican bulldog who growls, snarls, occasionally wags his tail, and always uses whatever other means necessary to keep the conservative troops in line and the federal government so bogged down in irrelevant and untrue detail that it can't act in furtherance of the public interest. You know, just like the job of cantor is to "Chant[] or recite[] religious texts during worship services or other observances and train[] and lead[] congregants in musical responses." Just think of tax cuts and resistance to public benefits as the religious text and you get the idea.

The end of banking as we know it....

Excerpt from Wikipedia:



Chairman and CEO Kerry Killinger had pledged in 2003 "We hope to do to this industry what Wal-Mart did to theirs, Starbucks did to theirs, Costco did to theirs and Lowe's-Home Depot did to their industry. And I think if we've done our job, five years from now you're not going to call us a bank."


Killinger was the CEO of what used to be Washington Mutual. It's been five years, and yes, we cannot call them a bank anymore, now can we? No, we call them a total trainwreck, upside down, smoking just off the rails of finance. And they are not alone....

Sixteen Tons

Long years ago, Merle Travis penned a song that became a hit for Tennessee Ernie Ford, the clasic Sixteen Tons. In the song, it details life in the pre-union coal mining era:



You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store.


Well, guess what? We all do.....now.

Stalemate or check? The Sandord saga, Part Two...

Well, well and well. As a follow-up to my little nasty about our beloved gubnor Mark Sanford, I now present the following follow-up on our contiuing saga that we might well entitle...As The Republicans Burn...


It's sad as well as funny, yes...

Hooked on a Palin, High on a Feelin'

End of election, yes; end of Palin, no. There's a certain mindset out there in the la-la land segment of America that Ms. Palin is the be-all, end-all, know-all, save-us-all of the future. Take John Jr. and Patsy.

What is Rush smoking this time??

Got to hand it to El Oxycondo: He's consistant about certain things...about being totally wrong, and in this case, oh, yes, someone lend him some tin foil....he sure needs it!


More after the break...