More magic wand waving coming from the Obama Administration. This time, the president vows to help lower Americans’ mortgage costs with a new “plan” – details to be worked out by new Treasury Secretary Timothy Geithner.
“Soon my Treasury secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families," Obama said in his weekly radio address. No pressure there, Tim.
I’m not sure frozen credit markets are necessarily the problem at this point. Credit rates are at historic lows – there is money to be lent. The problem is, is that consumers and businesses are already saddled with debt, and hesitant to take a chance in the current environment. Consumers are busy paying down current obligations and worried about employment; and businesses don’t have incentive to expand as the business cycle continues to contract.
It’s a difficult situation, and one that I feel will be compounded by needless government spending and intervention. Ultimately, there is a role for government in this economy as a short-term consumer and long-term business facilitator, a role that unfortunately is not well-defined in the current pork package winding its way through the corridors of Congress.
Saturday, January 31, 2009
Nah, No Bias Here...
No Obamaniac should be without the new CNN tee-shirt:
I'm envious. I'm thinking of coming out with my own:
RNC Headed By The Man Of Steele
After several ballots, former Maryland Lt. Governor Mike Steele emerged yesterday as the new Chairman of the Republican National Committee. In addition to his stint as Lt. Governor, Steele has headed the Maryland Republican Party, and currently serves as chairman of GOPAC, an organization that grooms prospective Republican candidates.
What I know of Steele I’ve seen only by way of his appearances on the network talk shows. And what I’ve seen, I like. But I’ll let the CW and other Maryland political wonks offer more insight into his credentials.
Cynics will no doubt look upon Steele’s selection as political pandering by the GOP toward minorities. Steele is black, as is former Ohio Secretary of State Ken Blackwell, who challenged Steele for the GOP chairmanship as well.
I say the cynics are right – and it’s a good move. From Steele to Condoleeza Rice, Alberto Gonzales and even Colin Powell, the Republican Party has quietly and consistently sought to expand its base to appeal to women and minorities. But where the GOP differs from Democrats – they do it with little fanfare. Hopefully, continued outreach efforts by the party will infuse it with younger, dynamic personalities and innovative ideas that will marginalize the race card so overplayed by the left.
What I know of Steele I’ve seen only by way of his appearances on the network talk shows. And what I’ve seen, I like. But I’ll let the CW and other Maryland political wonks offer more insight into his credentials.
Cynics will no doubt look upon Steele’s selection as political pandering by the GOP toward minorities. Steele is black, as is former Ohio Secretary of State Ken Blackwell, who challenged Steele for the GOP chairmanship as well.
I say the cynics are right – and it’s a good move. From Steele to Condoleeza Rice, Alberto Gonzales and even Colin Powell, the Republican Party has quietly and consistently sought to expand its base to appeal to women and minorities. But where the GOP differs from Democrats – they do it with little fanfare. Hopefully, continued outreach efforts by the party will infuse it with younger, dynamic personalities and innovative ideas that will marginalize the race card so overplayed by the left.
Obama Cookies – They’re Drunkalicious!
This type of idiocy requires no set up. Suffice it to say that shoppers in Greenwich Village (the Village of all places!) were shocked to discover a bakery in their little enclave had created "Drunken Negro Face Cookies" to “honor” the inauguration of Barack Obama.
Ironically, this bakery is a fave spot of the Village hoi polloi – the same folks who voted en masse for Obama. Where will all these celebutards go now for their crullers and coffee?
Hat Tip: The Glenn Beck Show
Ironically, this bakery is a fave spot of the Village hoi polloi – the same folks who voted en masse for Obama. Where will all these celebutards go now for their crullers and coffee?
Hat Tip: The Glenn Beck Show
Taken For A Ride
News that Obama’s selection for HHS, former Senator Tom Daschle (D-SD), neglected to pay taxes on chauffer services he was provided by a longtime friend and Democratic fundraiser. The services were not part of his compensation as consultant at Intermedia Advisors, but were required to be declared on his income tax returns. The “oversight” was uncovered during Daschle’s vetting process, and he has since paid $101,943 in back taxes.
Perhaps one of the reasons why Democrats appear so anxious to tax us is because none of them ever seem to actually pay them themselves.
Perhaps one of the reasons why Democrats appear so anxious to tax us is because none of them ever seem to actually pay them themselves.
Thursday, January 29, 2009
Putin Slams US Stimulus
Wow, you know the stimulus bill sucks when Russian Prime Minister Vladimir Putin comes off as the voice of experience and reason. Speaking to the World Economic Forum in Davos, Putin said this of the US stimulus package:
“Interference of the State, the belief in the omnipotence of the State: that is a reaction to market failures. There is a temptation to expand direct interference of state in economy. In the Soviet Union that became an absolute. We paid a very dear price for that.”
I can’t argue with that logic, especially given the source.
“Interference of the State, the belief in the omnipotence of the State: that is a reaction to market failures. There is a temptation to expand direct interference of state in economy. In the Soviet Union that became an absolute. We paid a very dear price for that.”
I can’t argue with that logic, especially given the source.
Pennsylvania’s State Run Newspaper
My hometown newspaper, the Philadelphia Inquirer, has reportedly petitioned Governor Ed Rendell for a $10 million bailout. This story came to light only after the paper itself became the subject of a lawsuit for a series of articles it published questioning a Philadelphia’s school’s use of government funds.
Isn’t there a slight conflict of interest here? What happens to the paper’s vaunted objectivity in covering state and federal issues now that the government may in turn become the Inquirer’s sugar daddy?
Please stop laughing, this is a serious question
Isn’t there a slight conflict of interest here? What happens to the paper’s vaunted objectivity in covering state and federal issues now that the government may in turn become the Inquirer’s sugar daddy?
Please stop laughing, this is a serious question
New CIA Interrogation Methods?
Two Algerian women have come forth to accuse the CIA Station Chief in that country of rape. The women claim that on separate occasions 41 year-old Andrew Warren, a recent covert to Islam, laced their drinks with a knock-out drug and proceeded to engage in nonconsensual sexual relations with each. Investigators seachering Warren's residence in Algiers uncovered videos of the suspect engaging in sexual acts with other victims, who also appear to be in "semi-conscious" states.
Um, I think I’ll take waterboarding…
Um, I think I’ll take waterboarding…
Wednesday, January 28, 2009
"To Touch The Face of God"
I was just over at the Conversative Wahoo when I noticed a new gadget in the left-hand column of his page - This Date In History.
On this date in 1986, the space shuttle Challenger broke apart shortly after lift off. Do you recall what you were doing that day? I do. I was heading into my after school job at Sears when I stopped at the television display to watch the liftoff. By 1986, space shuttle launches had become fairly routine, but elementary school teacher Christa McAuliffe was to have been the first "Teacher In Space", so media coverage on this particular day was heavy.
It started off like any other launch but went downhill fairly quickly. I recall the television camera panning over to McAuliffe's parents at the grandstand, and the pained expression of shock and grief on their faces. Some of the shoppers who had gathered around to watch just stared ahead with blank expressions; one or two managed to mumble, "Oh my God". It was hard to get any work done that day.
I also remember the beautiful words that then-President Ronald Reagan delivered to a grieving nation later that evening. He was supposed to have delivered his State of the Union; but the events of the day warranted something more. He didn't fail to deliver.
On this date in 1986, the space shuttle Challenger broke apart shortly after lift off. Do you recall what you were doing that day? I do. I was heading into my after school job at Sears when I stopped at the television display to watch the liftoff. By 1986, space shuttle launches had become fairly routine, but elementary school teacher Christa McAuliffe was to have been the first "Teacher In Space", so media coverage on this particular day was heavy.
It started off like any other launch but went downhill fairly quickly. I recall the television camera panning over to McAuliffe's parents at the grandstand, and the pained expression of shock and grief on their faces. Some of the shoppers who had gathered around to watch just stared ahead with blank expressions; one or two managed to mumble, "Oh my God". It was hard to get any work done that day.
I also remember the beautiful words that then-President Ronald Reagan delivered to a grieving nation later that evening. He was supposed to have delivered his State of the Union; but the events of the day warranted something more. He didn't fail to deliver.
It's All His Now...
Not one of the 244 votes for Obama’s stimulus plan was cast by a Republican. In fact, eleven Democrats walked across the aisle to join 177 of their colleagues in voting against the measure. So much for the end of partisanship in the Era of Obama.
Look, I get the need for stimulus; but this is the irrational work of a desperate Congress paralyzed by fear and looking to recast the scope of the government in the single stroke of a pen. Not in drips and drabs mind you, but in one fell swoop. How else do you explain the hysterics of Rep. David Obey (D-WI), Chair of the House Appropriations Committee: “Another week that we delay is another 100,000 or more unemployed. I don’t think we want that on our consciences.”
This is not the way to go. It is bad legislation that will do more harm in the long run than good in the short. I commend the Republicans and Democrats alike who voted against the bill, and encourage the minority party leadership to continue its civil and respectful opposition in the Senate.
Ultimately, the bill will pass; and will most likely pass along party lines – which is fine. The Democrats are more than welcome to this steaming pile of crap.
Look, I get the need for stimulus; but this is the irrational work of a desperate Congress paralyzed by fear and looking to recast the scope of the government in the single stroke of a pen. Not in drips and drabs mind you, but in one fell swoop. How else do you explain the hysterics of Rep. David Obey (D-WI), Chair of the House Appropriations Committee: “Another week that we delay is another 100,000 or more unemployed. I don’t think we want that on our consciences.”
This is not the way to go. It is bad legislation that will do more harm in the long run than good in the short. I commend the Republicans and Democrats alike who voted against the bill, and encourage the minority party leadership to continue its civil and respectful opposition in the Senate.
Ultimately, the bill will pass; and will most likely pass along party lines – which is fine. The Democrats are more than welcome to this steaming pile of crap.
Israelis Strike…Where The Bad Guys Are
The Israeli security service Shin Bet is releasing details of interrogations of Hamas prisoners captured during the recent incursion into Gaza, where the prisoners admitted that the terror organization used mosques for weapon caches and training.
Another interesting tidbit revealed under questioning – Hamas used the homes of activists to store weapons and as surveillance posts. Well how about that? Seems the Israelis were targeting legitimate military targets after all.
I’d be interested to know what manual the Shin Bet uses to tailor its interrogation techniques.
Another interesting tidbit revealed under questioning – Hamas used the homes of activists to store weapons and as surveillance posts. Well how about that? Seems the Israelis were targeting legitimate military targets after all.
I’d be interested to know what manual the Shin Bet uses to tailor its interrogation techniques.
Obama Mentions Muslim Upbringing; Apologizes
President Barack Hussein Obama granted his first interview as President to Dubai-based Al-Arabiya, extending a mea culpa to the Muslim world for US “mistakes” of the last two decades.
Obama said he hoped to restore the “partnership” with Muslims that he felt had been in place as recently as 20 to 30 years ago. I’m not quite savvy to what partnership he refers; perhaps he’s citing our co-dependent relationship with the Saudi Kingdom and its chief exports of oil and Wahabism, or our unique partnership with Osama bin Laden and the Mujahideen fighters against the Soviets in Afghanistan – we saw how well that turned out.
The President cited his own Muslim background in an effort to remind Muslims and the Arab world that “Americans are not your enemy.” Remember during the campaign when the slightest mention or question of Obama’s religious upbringing was met with immediate howls of protest from the left and his own campaign people?
President Obama is going to find out fairly quickly that he cannot continue to play both sides of the fence when it comes to domestic and foreign policy; nor can he keep blaming the other guy very much longer. The American people won’t tolerate it – neither will the Arab world.
Obama said he hoped to restore the “partnership” with Muslims that he felt had been in place as recently as 20 to 30 years ago. I’m not quite savvy to what partnership he refers; perhaps he’s citing our co-dependent relationship with the Saudi Kingdom and its chief exports of oil and Wahabism, or our unique partnership with Osama bin Laden and the Mujahideen fighters against the Soviets in Afghanistan – we saw how well that turned out.
The President cited his own Muslim background in an effort to remind Muslims and the Arab world that “Americans are not your enemy.” Remember during the campaign when the slightest mention or question of Obama’s religious upbringing was met with immediate howls of protest from the left and his own campaign people?
President Obama is going to find out fairly quickly that he cannot continue to play both sides of the fence when it comes to domestic and foreign policy; nor can he keep blaming the other guy very much longer. The American people won’t tolerate it – neither will the Arab world.
Tuesday, January 27, 2009
Reality Bites
Life got you down? Leveraged beyond Hope? Have those mean banks foreclosed upon your McMansion?
Well don’t get down, get up with Cheers for You!
Personally, I prefer the sweet release of alcohol.
Hat Tip: Yeah Right
Well don’t get down, get up with Cheers for You!
Personally, I prefer the sweet release of alcohol.
Hat Tip: Yeah Right
Geithner Sworn In At Treasury
As expected, the Senate yesterday approved Timothy Geithner’s nomination as Treasury Secretary. What was not as expected (at least by me) was the number of votes against – 34 senators, including noted Democrats Russ Feingold, Tom Harkin and Robert Byrd. Apparently, these senators could not come to terms with the idea of someone who could not be bothered to pay taxes running the institution that collects taxes.
I mean, even Hillary sailed through her nomination with a 94-2 vote, and we know what baggage she carries.
I mean, even Hillary sailed through her nomination with a 94-2 vote, and we know what baggage she carries.
Monday, January 26, 2009
Huh!?
In the latest reversal of Bush administration policy, President Obama has directed the Environmental Protection Agency to review whether states should be allowed to impose tougher auto emission standards on carmakers. The President also announced that he would issue new fuel-efficiency regulations to cover 2011 model year vehicles as part law enacted in 2007 requiring the auto industry to increase fuel efficiency by 40 percent by 2020.
Didn’t we just sign off on over $15 billion in emergency loans to GM just to keep them afloat? How much do you think it’ll cost Ford and GM to re-tool their production lines to conform to a host of new and differing state emission standards on top of new fuel efficiency requirements?
My favorite line of the article, “Environmental organizations said Obama's approach would help the companies in the long term, forcing them to produce fuel-efficient cars coveted by more consumers.
Exactly how do you force someone to produce a good people supposedly already want?
Didn’t we just sign off on over $15 billion in emergency loans to GM just to keep them afloat? How much do you think it’ll cost Ford and GM to re-tool their production lines to conform to a host of new and differing state emission standards on top of new fuel efficiency requirements?
My favorite line of the article, “Environmental organizations said Obama's approach would help the companies in the long term, forcing them to produce fuel-efficient cars coveted by more consumers.
Exactly how do you force someone to produce a good people supposedly already want?
What Happens When The Worst Is Over?
Over at the National Review Online, Michael Franc raises an interesting question first posed by Rep. Buck McKeon, the senior Republican on the House Education and Labor Committee, on the massive education spending provisions contained within the Obama Stimulus Plan.
McKeon’s question: What happens when the Democrat’s spending spree goes away in two years?
Senator Tom Coburn has the sobering answer: It will never go away. You’re talking about a permanent increase at a time when we are in the worst financial shape we’ve ever been in.
A stimulus bill by any other name still smells like a social welfare state to me.
McKeon’s question: What happens when the Democrat’s spending spree goes away in two years?
Senator Tom Coburn has the sobering answer: It will never go away. You’re talking about a permanent increase at a time when we are in the worst financial shape we’ve ever been in.
A stimulus bill by any other name still smells like a social welfare state to me.
CW's Rx For Ailing Conservatives
The Conservative Wahoo (aka Bryan McGrath) has gone Hollywood. My blogging Muse has recorded the first of what he hopes to be a semi-regular companion piece to his daily dispatches.
Today’s video cast concerns advice for Conservatives rebuilding in the Era of The One. Bryan offers up a four step program; the first step of which, not unlike AA, is getting us to admit that we have a problem. I think I need a drink…
Anyway, give it a look. No doubt I’ll be back, especially if he takes my advice and adds hot conservative girls dancing in the background to future clips. The internet doesn’t have enough of that.
Today’s video cast concerns advice for Conservatives rebuilding in the Era of The One. Bryan offers up a four step program; the first step of which, not unlike AA, is getting us to admit that we have a problem. I think I need a drink…
Anyway, give it a look. No doubt I’ll be back, especially if he takes my advice and adds hot conservative girls dancing in the background to future clips. The internet doesn’t have enough of that.
Canon Encouraging The Nooner
In an effort to stem the declining Japanese birthrate amid economic freefall, electronics giant Canon has implemented an unorthodox program to allow employees to leave early twice weekly with the implicit directive to go home and make babies.
At 1.34, Japan’s birthrate is far below the 2.0 replacement rate and has been declining for years, while its aging population has steadily risen. Officials point to several factors for the decline, including 12-hour workdays, high living expenses and cultural rigidities toward women and parenting.
Gives new meaning to Happy Hour…
At 1.34, Japan’s birthrate is far below the 2.0 replacement rate and has been declining for years, while its aging population has steadily risen. Officials point to several factors for the decline, including 12-hour workdays, high living expenses and cultural rigidities toward women and parenting.
Gives new meaning to Happy Hour…
Deathstar On Hold
I guess one of the shovel-ready projects we won’t be seeing under Obama’s stimulus plan is construction of a Deathstar.
I, for one, am bummed.
I, for one, am bummed.
Dems Lower The Bar On Stimulus
Democrat talking heads made the rounds of the Sunday talk shows to lower public expectations of the administration’s proposed $825 billion economic stimulus package.
Speaking on CBS’ “Face the Nation”, Vice President Joe Biden said to expect a long and painful recovery ahead. Ok. So how exactly would this stimulus impact the economy any more than if we were to do nothing? Most economists have already forecasted growth beginning sometime in Q409 without government intervention. Why not fuel this recovery with real and lasting cuts to the corporate income tax to stimulate business investment?
Across town, Nancy Pelosi told ABC’s “This Week” that, while she’s open to additional government bail out money for banks and financial institutions, taxpayers must get an ownership stake in return. Somewhere in Venezuela, Hugo Chavez is dancing and shouting “Viva la Pelosi!”
For years, the left blasted the Bush Administration for using 9/11 as a pretext for invasion of Iraq, as well as a whole slew of alleged transgressions of civil liberties. What is the stimulus package then, if not the democrats’ version of the Sears Christmas Wish List of entitlement spending and big government ideas repacked as economic tonic to treat a national emergency? Apparently, it was their intent all along.
As I've said previously, congressional republicans would be wise to develop a counter-proposal that de-emphasizes overreaching government spending and encourages private investment and spending through cuts in corporate and capital gains taxes. They need to hold the line on needless government works projects as deficits skyrocket and shortfalls on other entitlement programs like Medicare and Social Security loom on the horizon.
The trick here is not to seem as the knee-jerk minority party poo-pooing the vision of a new president; but rather as the voice of common sense and experience, who just happened to control Congress for a good chunk of the run up to this mess. Republicans need to portray themselves as learning the lessons of governmental efficiency and fiscal responsibility. This battlefield might be as good a place as any to start.
Speaking on CBS’ “Face the Nation”, Vice President Joe Biden said to expect a long and painful recovery ahead. Ok. So how exactly would this stimulus impact the economy any more than if we were to do nothing? Most economists have already forecasted growth beginning sometime in Q409 without government intervention. Why not fuel this recovery with real and lasting cuts to the corporate income tax to stimulate business investment?
Across town, Nancy Pelosi told ABC’s “This Week” that, while she’s open to additional government bail out money for banks and financial institutions, taxpayers must get an ownership stake in return. Somewhere in Venezuela, Hugo Chavez is dancing and shouting “Viva la Pelosi!”
For years, the left blasted the Bush Administration for using 9/11 as a pretext for invasion of Iraq, as well as a whole slew of alleged transgressions of civil liberties. What is the stimulus package then, if not the democrats’ version of the Sears Christmas Wish List of entitlement spending and big government ideas repacked as economic tonic to treat a national emergency? Apparently, it was their intent all along.
As I've said previously, congressional republicans would be wise to develop a counter-proposal that de-emphasizes overreaching government spending and encourages private investment and spending through cuts in corporate and capital gains taxes. They need to hold the line on needless government works projects as deficits skyrocket and shortfalls on other entitlement programs like Medicare and Social Security loom on the horizon.
The trick here is not to seem as the knee-jerk minority party poo-pooing the vision of a new president; but rather as the voice of common sense and experience, who just happened to control Congress for a good chunk of the run up to this mess. Republicans need to portray themselves as learning the lessons of governmental efficiency and fiscal responsibility. This battlefield might be as good a place as any to start.
Sunday, January 25, 2009
Slumdog Millionaire
Wow, what an entertaining movie. Mrs. Goldwater and I don't get out much, so when we do, the pressure is on to find a restaurant and movie choice worthy of Mrs. Goldwater's discriminating tastes.
Luckily, we found both. Slumdog Millionaire has earned the Oscar buzz it has generated; great script and story, good acting, and a reeeeeally hot lead actress.
Get out and see it now.
Luckily, we found both. Slumdog Millionaire has earned the Oscar buzz it has generated; great script and story, good acting, and a reeeeeally hot lead actress.
Get out and see it now.
Saturday, January 24, 2009
Oscar Nominations
I’m happy for Robert Downey Jr.’s success, and glad he was nominated. Mrs. Goldwater and I took in “Tropic Thunder” last week on DVD and loved it. We’ve got a “get-out-of-parenting-for-a-night” pass tonight courtesy of her mother, and we’re going to see “Slumdog Millionaire”. I’ll let you know how it is.
One additional thought - you know you’re a parent to small children when you’ve seen all three nominated films for Best Animated Feature, but have yet to see any of the movies nominated for Best Picture.
One additional thought - you know you’re a parent to small children when you’ve seen all three nominated films for Best Animated Feature, but have yet to see any of the movies nominated for Best Picture.
Princess Caroline Ends Senate Quest
Perhaps no one is more disappointed of the news of Caroline Kennedy’s decision to withdraw from consideration for Hillary Clinton’s vacated senate seat than Kennedy’s housekeeper, Rosa Ortiz.
Please read more of Rosa’s plight over at Iowahawk’s blog, and stay for his take on the Odyssey (The Idiossey) – it is hilarious.
Please read more of Rosa’s plight over at Iowahawk’s blog, and stay for his take on the Odyssey (The Idiossey) – it is hilarious.
“I Won” – We Lose
And with those two words, the New Era of Good Feelings heralded by the Obama Administration toward republican leaders came to a swift, albeit predictable end earlier this week.
At a White House meeting of congressional leaders to discuss moving forward Obama’s $825 billion stimulus package, proceedings turned into an old fashioned game of who’s-got-the-bigger-stick, after Senate Minority Whip John Kyl (R-AZ) challenged Obama and democrat leaders to temper the spending portion of the package with more meaningful and longer term tax cuts for individuals and small businesses. Kyl put forth that tax credits for people who don’t pay any income taxes isn’t a “cut” at all, but rather a welfare payment that will have ZERO positive effect. It is then that Obama is said to have wielded his new found authority.
Never mind the government’s own Congressional Budget Office peed in Obama’s punch bowl with its own analysis of the stimulus package, where it concluded that of $355 billion in infrastructure and other cash outlays, only $136 billion would be spent by October 2010. And out of the roughly $100 billion in infrastructure spending, only $26 billion would be spent in fiscal 2009. How exactly again does this provide a quick jolt to the economy?
I would love to see the republicans hold their ground on this. Democrats easily have the votes, why not simply pass it over republican objections? Because, like TARP, the democrats know this has to be seen as a bi-partisan effort – they can’t be seen as the party responsible for the spending the republic into oblivion.
At a White House meeting of congressional leaders to discuss moving forward Obama’s $825 billion stimulus package, proceedings turned into an old fashioned game of who’s-got-the-bigger-stick, after Senate Minority Whip John Kyl (R-AZ) challenged Obama and democrat leaders to temper the spending portion of the package with more meaningful and longer term tax cuts for individuals and small businesses. Kyl put forth that tax credits for people who don’t pay any income taxes isn’t a “cut” at all, but rather a welfare payment that will have ZERO positive effect. It is then that Obama is said to have wielded his new found authority.
Never mind the government’s own Congressional Budget Office peed in Obama’s punch bowl with its own analysis of the stimulus package, where it concluded that of $355 billion in infrastructure and other cash outlays, only $136 billion would be spent by October 2010. And out of the roughly $100 billion in infrastructure spending, only $26 billion would be spent in fiscal 2009. How exactly again does this provide a quick jolt to the economy?
I would love to see the republicans hold their ground on this. Democrats easily have the votes, why not simply pass it over republican objections? Because, like TARP, the democrats know this has to be seen as a bi-partisan effort – they can’t be seen as the party responsible for the spending the republic into oblivion.
The Grey Lady Flush With Obamalove
Page Six is reporting that the New York Times threw its own Obama inauguration party Tuesday night in the city’s Bowery district, where guests were provided with straw top hats, red-white-and-blue Obama buttons, and “Hail to the Chief” cocktails.
I chose not to attend this year's event; I was so disappointed with the spread at the Bushitler Bash of '06.
I chose not to attend this year's event; I was so disappointed with the spread at the Bushitler Bash of '06.
Thursday, January 22, 2009
The Day After The Day After…
It’s been a little over 48 hours since the oceans commenced their retreat, and the planet began to heal itself – more than enough time has elapsed to digest the theatre of the absurd that was Inauguration Day.
The Right has probed Obama’s speech more thoroughly than a hypochondriac’s colonoscopy, so I won’t venture any more analysis other than to say that I thought it was a decent speech, delivered with clarity and conviction by a seasoned politician. It had something for everyone – a reaffirmation of our market system and commitment to defense for conservatives, mixed with a heaping helping of “politics of meaning” on such issues as the environment, health care and social responsibility for liberals.
I appreciated Obama’s nod to George W. Bush for the latter’s graciousness during the transition, but could have done without the veiled shots at the departing administration for some of its policy decisions. Also, I thought his comments about “restoring science to its rightful place” came off as a bit self-serving, and dampened some of the goodwill he displayed in his outreach to vanquished republicans during the transition.
But he’s the Top Dog now, and expectations for big government are high, which is interesting considering that this same government is the one that consistently scored lower in approval ratings than the outgoing president. This is to say, the institution we loathe is now somehow the same one we expect to save us.
Another interesting juxtaposition was evident in the mood among the sea of Obamaniacs who descended upon the Mall. The same folks who accused the Right of being “convenient patriots” and trashed the Founding Fathers as elitist bigots were now waving miniature American flags and waxing poetic on the egalitarian principles of the Framers. I suppose it’s fashionable once again among the Left to be an American – funny how that works.
Let’s hope the Left’s new-found nationalism has a longer shelf life than the one demonstrated in the period following 9/11.
The Right has probed Obama’s speech more thoroughly than a hypochondriac’s colonoscopy, so I won’t venture any more analysis other than to say that I thought it was a decent speech, delivered with clarity and conviction by a seasoned politician. It had something for everyone – a reaffirmation of our market system and commitment to defense for conservatives, mixed with a heaping helping of “politics of meaning” on such issues as the environment, health care and social responsibility for liberals.
I appreciated Obama’s nod to George W. Bush for the latter’s graciousness during the transition, but could have done without the veiled shots at the departing administration for some of its policy decisions. Also, I thought his comments about “restoring science to its rightful place” came off as a bit self-serving, and dampened some of the goodwill he displayed in his outreach to vanquished republicans during the transition.
But he’s the Top Dog now, and expectations for big government are high, which is interesting considering that this same government is the one that consistently scored lower in approval ratings than the outgoing president. This is to say, the institution we loathe is now somehow the same one we expect to save us.
Another interesting juxtaposition was evident in the mood among the sea of Obamaniacs who descended upon the Mall. The same folks who accused the Right of being “convenient patriots” and trashed the Founding Fathers as elitist bigots were now waving miniature American flags and waxing poetic on the egalitarian principles of the Framers. I suppose it’s fashionable once again among the Left to be an American – funny how that works.
Let’s hope the Left’s new-found nationalism has a longer shelf life than the one demonstrated in the period following 9/11.
Wednesday, January 21, 2009
I Thought Communists Didn’t Believe In God
Argentinean President Cristina Fernandez kicked back with ailing former Cuban President Fidel Castro to watch Obama’s Inauguration. Speaking with reporters after the meeting, Fernandez said that Fidel feels that President Obama seems, “like a man who is absolutely sincere”, and added “Fidel believes in Obama.”
Word is they both took the Ashton Kutcher/Demi Moore pledge of servitude.
Praise the Lord.
Word is they both took the Ashton Kutcher/Demi Moore pledge of servitude.
Praise the Lord.
Joe Biden Is A Pompous Ass
But chances are if you read this blog, you already feel the same way. Biden took a cheap shot at Justice John Roberts this afternoon, a day after the Chief Justice flubbed his lines administering the oath of office to President Obama.
The Vice President was swearing in two groups of senior executive White House staff, when Obama reminded him that he hadn’t yet done the second group. Biden is said to have quipped, “My memory is not as good as Chief Justice Roberts.”
Nor is your grasp of jurisprudence, or knowledge of the Constitution Joe.
Barely a day in office and he’s on course to fulfill one of my 2009 Predictions.
The Vice President was swearing in two groups of senior executive White House staff, when Obama reminded him that he hadn’t yet done the second group. Biden is said to have quipped, “My memory is not as good as Chief Justice Roberts.”
Nor is your grasp of jurisprudence, or knowledge of the Constitution Joe.
Barely a day in office and he’s on course to fulfill one of my 2009 Predictions.
Tuesday, January 20, 2009
The Good Reverend
I received a bristling email from my brother this afternoon regarding the comments made earlier in the day by Reverend Joseph Lowery during the Inaugural Benediction. I too heard the comments on the radio and gave it nothing more than passing thought. But the more I think about it, the more Lowery’s comments stick in my craw as well.
In his prayer, his prayer, the good reverend asked God to “help us work for that day when black will not be asked to give back, when brown can stick around, when yellow will be mellow, when the red man can get ahead, man, and when white will embrace what is right.”
Beyond the statement’s obvious triteness, what exactly does the reverend mean? As a proud and law abiding Caucasian, I’m obviously offended at Lowery’s racially insensitive attack. I have always embraced what is right – I studied in school; was respectful to my parents and elders; I work hard; pay my taxes and strive to be a decent role model for my children.
If Obama claims to be “post racial”, he certainly hasn’t embodied it in his choices of spiritual mentors. We rightfully scorn mosques that spew anti-Semitic and anti-American venom, but are expected to accept the racist diatribes from "religious" clowns like Jeremiah Wright and Joseph Lowery as part of the “Black Experience”.
And where’s the outrage from the media? You won’t find evidence of Lowery’s remarks here. Where’s Tom Hanks’ righteous indignation for this “un-American” activity?
I’ll say this for the Rev. Lowery, his couplet was certainly a lot better than the crap that passed for poetry at this morning’s ceremony.
In his prayer, his prayer, the good reverend asked God to “help us work for that day when black will not be asked to give back, when brown can stick around, when yellow will be mellow, when the red man can get ahead, man, and when white will embrace what is right.”
Beyond the statement’s obvious triteness, what exactly does the reverend mean? As a proud and law abiding Caucasian, I’m obviously offended at Lowery’s racially insensitive attack. I have always embraced what is right – I studied in school; was respectful to my parents and elders; I work hard; pay my taxes and strive to be a decent role model for my children.
If Obama claims to be “post racial”, he certainly hasn’t embodied it in his choices of spiritual mentors. We rightfully scorn mosques that spew anti-Semitic and anti-American venom, but are expected to accept the racist diatribes from "religious" clowns like Jeremiah Wright and Joseph Lowery as part of the “Black Experience”.
And where’s the outrage from the media? You won’t find evidence of Lowery’s remarks here. Where’s Tom Hanks’ righteous indignation for this “un-American” activity?
I’ll say this for the Rev. Lowery, his couplet was certainly a lot better than the crap that passed for poetry at this morning’s ceremony.
President Barack Hussein Obama
Today, Barack Obama will be sworn in as our nation’s 44th President. I didn’t support his candidacy; I didn’t vote for him in the general election, and stand pretty much on the opposing side of most of the issues he supports.
Nevertheless, I find myself feeling a swell of excitement and pride as the hour approaches - a slight swell, not a tingle Mr. Mathews. And not necessarily for the man taking the oath (although I do respect what he’s accomplished), but rather for the country that has fostered a dream that a man like Obama can rise from fairly obscure beginnings to assume the most powerful office on the planet.
If Americans are guilty of anything, it is that we wear our hearts on their sleeves. We are everything the Europeans loathe about us: we are loud, obnoxious, arrogant, and ignorant. We are, to paraphrase Bill Murray in Stripes – the wretched refuse, the mutts. But we are also incredibly generous and resourceful, and will rise to the defense of our allies when called – which we are asked to do quite often. We are the greatest nation in history. Those who wish to write our obituary will have to wait a few more years – we’re not done yet.
President Obama begins his presidency with a distinct advantage over his predecessor; he has garnered considerable political capital and goodwill on both sides of the ideological spectrum before even stepping into office. He’s going to need it, the task ahead is daunting.
Good luck to him.
Nevertheless, I find myself feeling a swell of excitement and pride as the hour approaches - a slight swell, not a tingle Mr. Mathews. And not necessarily for the man taking the oath (although I do respect what he’s accomplished), but rather for the country that has fostered a dream that a man like Obama can rise from fairly obscure beginnings to assume the most powerful office on the planet.
If Americans are guilty of anything, it is that we wear our hearts on their sleeves. We are everything the Europeans loathe about us: we are loud, obnoxious, arrogant, and ignorant. We are, to paraphrase Bill Murray in Stripes – the wretched refuse, the mutts. But we are also incredibly generous and resourceful, and will rise to the defense of our allies when called – which we are asked to do quite often. We are the greatest nation in history. Those who wish to write our obituary will have to wait a few more years – we’re not done yet.
President Obama begins his presidency with a distinct advantage over his predecessor; he has garnered considerable political capital and goodwill on both sides of the ideological spectrum before even stepping into office. He’s going to need it, the task ahead is daunting.
Good luck to him.
Monday, January 19, 2009
Obamaland Uber Alles
Creepy video of celebrities pledging their allegiance to Obama. Alyssa Milano pledges to "be the voice for those that have no voice" - so look for her in Washington DC this Thursday at the 2009 March for Life. Television's favorite serial killer Dexter pledges to work so that seniors have access to health care - can someone please tell me what Med-Part D was all about? Where was all of this "nonpartisan" good feeling in 2000?
I pledge not to patronize any of the movies, television shows or albums of any of the idiots featured in this spot. Wow, I feel empowered already.
I pledge not to patronize any of the movies, television shows or albums of any of the idiots featured in this spot. Wow, I feel empowered already.
Scenes From A Detox Talent Show
Footage of “retired” actor Joaquin Phoenix making his rap debut this past weekend.
Somebody get this guy help. Quick.
Somebody get this guy help. Quick.
Sunday, January 18, 2009
Cruise: I Grew Up Wanting To Kill Hitler
At a foreign press junket promoting his new movie “Valkyrie”, actor Tom Cruise told reporters that “I always wanted to kill Hitler…I hated him. As a child studying history and looking at documents, I wondered, why didn’t someone stand up and try to stop it?”
Wow, as a child, all I wanted to do was stay up past 9 o’clock. Anybody else find Cruise's childhood dream a little...disturbing?
Wow, as a child, all I wanted to do was stay up past 9 o’clock. Anybody else find Cruise's childhood dream a little...disturbing?
Mediocrity, Thy Name Is Philly…
Somewhere in Buffalo tonight, Bills fans will be rejoicing. From here on in, the Philadelphia Eagles will be the team cited as the perennial bridesmaid-never-a-bride in the NFL.
But I’m used to it; after all, I’m a Minnesota Vikings fan.
Good for the Cardinals, they played a great game.
But I’m used to it; after all, I’m a Minnesota Vikings fan.
Good for the Cardinals, they played a great game.
Small Business Too Big To Fail Too
Earlier this week, the House unveiled an $825 billion economic stimulus package designed to defibrillate a flatlining economy. There appears to be something in it for everyone, except where it really matters – small business. And while the plan calls for some “tax relief” for business in the form of tax refunds for companies posting losses, the relief will do little to nothing to get the wheels of the economy rolling again.
During his campaign, Obama effectively out-Reaganed the “conservative” in the race by essentially positioning himself as the champion of the Middle Class and small business much the way Reagan did in 1980 – by promising to hold the line on spending, while cutting taxes to stimulate growth.
Of course, once the curtain was pulled aside these tax “cuts” turned out to be nothing more than tax credit/federal welfare gimmickry that would do little to nothing to spur corporate investment. Worse yet, the Democrat-controlled Congress and President-elect Obama are calling for increased spending on social programs, mandated health care coverage and needless workplace regulation in the form of card check legislation that will more than likely hamstring an already-strained business environment.
Consider these statistics on small business released by the federal government:
- Small businesses comprise 99.7% of all employer firms in the US;
- They employ over half of all private sector workers;
- Small businesses generated 60%-80% of all net new jobs between 1996-2006;
- Small firms pay 45% of the total US private payroll, and create half of the non-farm private gross domestic product;
- Nearly 40% of small businesses are owned by women; 15% by minorities
- Almost 90 percent of American businesses are family owned or controlled, ranging in size from two-person partnerships to Fortune 500 firms.
So when it comes time to getting the most bang for your buck, wouldn’t it make sense to start here?
One of the unique aspects of the US tax structure is that it allows most small businesses to circumvent corporate income tax by allowing income to “flow through” to the owners who then report it on their individual income tax returns. According to the US Treasury, roughly 35% of business taxes are paid in this manner by the owners of "flow-through" businesses—sole proprietorships, partnerships and S corporations. The Bush tax cuts of 2001 and 2003 reduced the individual tax rate from 39.5% to 34%, which in turn provided for a period of over 48 months of uninterrupted economic expansion in the wake of the tech bubble and 9/11.
This makes the top individual tax rates – you know, the “rich” – crucial because a disproportionate share of the flow-through income reported by small business owners is taxed at those rates. Among the small share of tax returns that are subject to the top two tax rates, most receive small business income. The Treasury also reports that approximately half of the revenue raised from rolling back the reduction in the top two tax rates enacted during the Bush tax cuts of 2001 and 2003 can be attributed directly to flow-through income.
And this is precisely why Obama’s stimulus will not only not have the effect he intends, but his promise to let the Bush tax cuts expire at the end of 2010 will reverse any positive economic gains that happen to occur between now and then. At this stage of our economy, this is a huge gamble.
If Obama can’t deliver on his promises to stimulate the economy and opts instead to weigh down small business with punitive taxation, unnecessary regulation and mandates, Republicans will have found a rallying cry for 2010 and beyond….Obama pried. Small Business died.
Saturday, January 17, 2009
Rockets Hit Israeli Synagogue, World Yawns…
Palestinians fired rockets into Southern Israel on Saturday morning, striking a synagogue in the Israeli town of Netivot. Fortunately, the building was empty at the time due to a break in morning prayers, but the structure sustained heavy damage.
Not surprisingly, I had to find out this story via the Jerusalem Post. I guess the AP was busy covering the misery of a Palestinian doctor at the hands of the marauding Israelis. Contrast this with the one here detailing a day in the life of an Isreali combat troop in Gaza, and you get a sense of how screwed Israel is no matter what they do:
We come across a local family in one of the buildings. Grandparents, a few young parents, some children and a few toddlers. Sitting on a rug, their legs are covered in blankets and two soldiers are standing guard nearby. "What about them?" I ask. "They're free to go if they want to, but they don't want to," said Eilon Perry, Givati's operations officer. "They informed us they would be staying in the house and we have no choice but to accept that."
The family suddenly notices the cameras, and immediately, the expression on their faces changes. "We have no food," they say in Arabic, as one of the youngsters suggests we interview him in English about their plight. Givati troops are extremely concerned about being portrayed as abusing innocent civilians. Perry points to a stack of canned goods, water bottles and other provisions. "We provided some of that and they cook and eat quite well," he said. The Palestinians seem to understand him and one of them smiles. It's a war – they had to try.
What would the world reaction have been if Israeli strikes had hit a mosque?
Not surprisingly, I had to find out this story via the Jerusalem Post. I guess the AP was busy covering the misery of a Palestinian doctor at the hands of the marauding Israelis. Contrast this with the one here detailing a day in the life of an Isreali combat troop in Gaza, and you get a sense of how screwed Israel is no matter what they do:
We come across a local family in one of the buildings. Grandparents, a few young parents, some children and a few toddlers. Sitting on a rug, their legs are covered in blankets and two soldiers are standing guard nearby. "What about them?" I ask. "They're free to go if they want to, but they don't want to," said Eilon Perry, Givati's operations officer. "They informed us they would be staying in the house and we have no choice but to accept that."
The family suddenly notices the cameras, and immediately, the expression on their faces changes. "We have no food," they say in Arabic, as one of the youngsters suggests we interview him in English about their plight. Givati troops are extremely concerned about being portrayed as abusing innocent civilians. Perry points to a stack of canned goods, water bottles and other provisions. "We provided some of that and they cook and eat quite well," he said. The Palestinians seem to understand him and one of them smiles. It's a war – they had to try.
What would the world reaction have been if Israeli strikes had hit a mosque?
Obama To End Harsh Interrogations…Maybe
President-elect Obama’s aides have said that one of his first acts of office will be to end the use of certain “harsh” interrogation techniques, including waterboarding, employed by US intelligence agencies. The new policy under consideration will require the CIA interrogators to follow techniques outlined in the US Army Field Manual.
The article I’ve linked mentions that the CIA discontinued use of waterboarding in 2006, but still uses other methods of information extraction, including sleep deprivation and disorientation, stress positions and exposing prisoners to uncomfortable cold and heat for long periods. That doesn’t sound like torture; that sounds like college.
No word on whether the waterboarding ban will be extended to CIA field operative training, as the centuries-old technique is still in use and endorsed by bad guys around the world.
Also notably absent from discussion appears to be the issue of extraordinary rendition, the policy of transferring foreign terrorism suspects to third countries who are not bound to the rules of the US Army Field Manual.
In a beautiful illustration of his duality, Obama is considering a “classified” loophole to allow the CIA to use some interrogation methods not specifically authorized by the Pentagon. It will be interesting to see how often this loophole is exercised once the rubber meets the road.
The article I’ve linked mentions that the CIA discontinued use of waterboarding in 2006, but still uses other methods of information extraction, including sleep deprivation and disorientation, stress positions and exposing prisoners to uncomfortable cold and heat for long periods. That doesn’t sound like torture; that sounds like college.
No word on whether the waterboarding ban will be extended to CIA field operative training, as the centuries-old technique is still in use and endorsed by bad guys around the world.
Also notably absent from discussion appears to be the issue of extraordinary rendition, the policy of transferring foreign terrorism suspects to third countries who are not bound to the rules of the US Army Field Manual.
In a beautiful illustration of his duality, Obama is considering a “classified” loophole to allow the CIA to use some interrogation methods not specifically authorized by the Pentagon. It will be interesting to see how often this loophole is exercised once the rubber meets the road.
Friday, January 16, 2009
Andrew Wyeth Dead At 91
January is starting off to be a bonanza for dead pools. First McGoohan and Montalban, and now Andrew Wyeth. Andrew Wyeth, the famous American Realist whose canvas was my literal backyard (the PA Brandywine Valley), has died at the age of 91.
Son of famed illustrator and painter N.C. Wyeth, the younger Wyeth gained worldwide acclaim in his own right for haunting realism in such works as “Christina’s World” and the “Helga” paintings.
Son of famed illustrator and painter N.C. Wyeth, the younger Wyeth gained worldwide acclaim in his own right for haunting realism in such works as “Christina’s World” and the “Helga” paintings.
On a morbid note, I have a first edition of a Wyeth biography – Andrew Wyeth: A Secret Life – signed by the author. It was my intent to have Wyeth sign the book as well, as he often made himself available for signings at the Brandywine River Museum. Oh well. It’s great book detailing the fascinating life of a complicated man.
Quote Of The Day
Outgoing CIA Director Michael V. Hayden’s reaction to a federal court’s ruling that the warrantless wiretap program was legal:
“Duh”.
“Duh”.
Since When Is $825B Not Enough?
House Appropriations Committee Chairman David Obey (D-WI) feels the $825B stimulus package unveiled by House Democrats yesterday may not be enough to avert economic catastrophe, further adding that additional big government spending initiatives may be in the works.
This may be the first fissure in the much-ballyhooed but ultimately overstated Democrat unity. Look for Blue Dog Democrats and other fiscally conservative members of the party to team up with Republicans shortly after Obama’s first 100 days to counteract the big ticket spending inclinations of Northern liberals.
This is only the beginning. Look for liberal democrats to make the case for continued deficit spending once current economic conditions improve, to justify financing of Obama's ambitious entitlement programs.
This may be the first fissure in the much-ballyhooed but ultimately overstated Democrat unity. Look for Blue Dog Democrats and other fiscally conservative members of the party to team up with Republicans shortly after Obama’s first 100 days to counteract the big ticket spending inclinations of Northern liberals.
This is only the beginning. Look for liberal democrats to make the case for continued deficit spending once current economic conditions improve, to justify financing of Obama's ambitious entitlement programs.
Thursday, January 15, 2009
Separated At Birth? Part III...
Annoying, blowhard Congressman Henry Waxman (D-CA), and…
Annoying, blowhard older brother Chet in Weird Science?
Annoying, blowhard older brother Chet in Weird Science?
UN Chief Finally Weighs In On Gaza
UN Chief Ban Ki-moon said he expressed a “strong protest and outrage”...over Israel’s shelling of a UN compound in Gaza City. Not a word was said during the months when thousands of Hamas rockets continually rained over Israeli borders, but you shell one UN compound and you unleash the terror of the baby blue helmet brigade.
Israeli Defense Minister Ehud Barak has assured Ban Ki-moon that the shelling was a grave mistake. I’m sure it was…
Israeli Defense Minister Ehud Barak has assured Ban Ki-moon that the shelling was a grave mistake. I’m sure it was…
Wednesday, January 14, 2009
RIP Patrick McGoohan
Actor Patrick McGoohan, who starred in the 60's cult favorites "Secret Agent Man/Danger Man" and "The Prisoner", has died.
More recently, McGoohan appeared as King Edward Longshanks in Mel Gibson's Braveheart, and had one of that movie's more memorable lines: "The trouble with Scotland is...that it's full of Scots!"
The Prisoner is a television program way ahead of its time. I read somewhere that you can view all 17 or so episodes of the program online for free - check it out if you have the time sometime.
UPDATE: Boy, what a sad day in Hollywood - actor Ricardo Khaaaaaaaaaaan!!! Montalban also expired this morning. He was 88. He is perhaps best known for his role as Mr. Roarke on television's Fantasy Island, which ran from 1978-1984.
But to me, he'll always be Khan Noonien Singh, Captain Kirk's nemisis on Star Trek. He reprised the role in the movie Star Trek II: The Wrath of Khan, which is considered by trekkies as the best of the series.
"From Hell's heart I stab at thee!!" - only Star Trek could mix Melville and hot green aliens in mini skirts.
More recently, McGoohan appeared as King Edward Longshanks in Mel Gibson's Braveheart, and had one of that movie's more memorable lines: "The trouble with Scotland is...that it's full of Scots!"
The Prisoner is a television program way ahead of its time. I read somewhere that you can view all 17 or so episodes of the program online for free - check it out if you have the time sometime.
UPDATE: Boy, what a sad day in Hollywood - actor Ricardo Khaaaaaaaaaaan!!! Montalban also expired this morning. He was 88. He is perhaps best known for his role as Mr. Roarke on television's Fantasy Island, which ran from 1978-1984.
But to me, he'll always be Khan Noonien Singh, Captain Kirk's nemisis on Star Trek. He reprised the role in the movie Star Trek II: The Wrath of Khan, which is considered by trekkies as the best of the series.
"From Hell's heart I stab at thee!!" - only Star Trek could mix Melville and hot green aliens in mini skirts.
How Will Doonesbury Depict Obama?
I was thinking about this on my way into work this morning. As far back as I can recollect, Doonesbury cartoonist Gary Trudeau has used icons to depict at least three of the most recent presidents:
- An asterisk and a battered Roman helmet for George W.;
- A waffle for Bill Clinton; and,
- A flag/or “point of light” for George H.W. Bush (I thought it was a feather, but I verified this on the Doonesbury website)
How will Trudeau “draw” Obama? According to Doonesbury.com, Trudeau may not even be planning on using an icon for Obama – so not as to incur the Wrath of the One, I can only assume. Or perhaps Trudeau knows it's a zero sum game; that however he depicts Obama will be labeled as a racist caricature when the press eventually turns.
As for me, I’d like to see some sort of messianic corona, or an air sock to signify that his positions seem to change with the prevailing winds.
What do you think?
- An asterisk and a battered Roman helmet for George W.;
- A waffle for Bill Clinton; and,
- A flag/or “point of light” for George H.W. Bush (I thought it was a feather, but I verified this on the Doonesbury website)
How will Trudeau “draw” Obama? According to Doonesbury.com, Trudeau may not even be planning on using an icon for Obama – so not as to incur the Wrath of the One, I can only assume. Or perhaps Trudeau knows it's a zero sum game; that however he depicts Obama will be labeled as a racist caricature when the press eventually turns.
As for me, I’d like to see some sort of messianic corona, or an air sock to signify that his positions seem to change with the prevailing winds.
What do you think?
Erin Go O'Bama
This goes to show that if you ply them with enough Guiness, the Irish will sing about anything:
Hat Tip: Yeah Right
Hat Tip: Yeah Right
Aaak! He's Gotten To Them Too!
Page Six is reporting that President-elect Obama dined with several conservative writers last night at the Chevy Chase, MD home of George Will. Guests included William Kristol of the Weekly Standard and the Washington Post's Charles Krauthammer.
No...no...not...Krauthammer.
No...no...not...Krauthammer.
Tuesday, January 13, 2009
Progress On The Credit Front?
The Calculated Risk Credit Crisis Indicators are up for the week. In all, not a bad week actually. Things are beginning to improve. Really.
One Way To Beat The Recession
Timothy Geithner, President-elect Obama's choice to run the Treasury Department, disclosed to Senators that he failed to pay $34,000 in taxes from 2001 to 2004.
Hmm....first Richardson, now Geithner - and the Left criticized McCain for his vetting process?
Hmm....first Richardson, now Geithner - and the Left criticized McCain for his vetting process?
But I Thought The World Would Love Us Again...
Oh well, so much for Hoping your problems away...
Hamas apparently hasn't gotten the memo yet.
Hamas apparently hasn't gotten the memo yet.
Rice Gets Into The Hall (Finally)
Some would say my knowledge of baseball is rivaled only by my knowledge of politics – which is a polite way of saying that I know nothing of both.
But news yesterday of Jim Rice getting voted into the Baseball Hall of Fame on his final ballot brought a smile to my face. Rice played all of his 16 major league seasons with the Boston Red Sox, a feat Hall-worthy in its own right in today’s environment. He was an eight-time All-Star selection, and won the AL MVP in 1978. Speculation on why it took so long for Rice to get into the Hall focused on his hot-and-cold relationship with the sports media (the same folks who vote on Hall members).
Rice’s career stats were good (.298 career batting average, 382 HRs, 1,452 RBIs), but never included the one that would seem to cinch it for him – a World Series ring.
It is nice to see sports heroes from my childhood getting the recognition they deserve. To my knowledge, Jim Rice didn’t do steroids; he didn’t shoot himself with his own gun when asked to surrender it in a nightclub; and he didn’t behave badly with aging, parasitic popstars looking to retain some semblance of youth and relevance by feeding on the lifeforce of their hosts. He did show up for 16 seasons to play baseball for the Boston Red Sox; sometimes to the jeers of the Boston fans and sportswriters alike.
During summers when I was a kid, my buddy and I would play wiffle ball in my back yard, which happened to be perfectly constructed for a one-on-one game. The only drawback – the dozens of fecal landmines laid by my family dog. As an aside - there is nothing quite like the simultaneous feeling of ecstasy and horror when you feel the soft, warm squish of freshly-laid dog doo running between your bare toes. Anyway, my buddy Jim would always be the Red Sox when we played, even going as far as mimicking the batting stance of Rice whenever he came to bat (where I knew nothing of baseball, Jim knew everything).
Jim was a real Sox fan – and come to think of it, his Red Sox never won the series in my back yard, either. At least that was the way I remembered it…
But news yesterday of Jim Rice getting voted into the Baseball Hall of Fame on his final ballot brought a smile to my face. Rice played all of his 16 major league seasons with the Boston Red Sox, a feat Hall-worthy in its own right in today’s environment. He was an eight-time All-Star selection, and won the AL MVP in 1978. Speculation on why it took so long for Rice to get into the Hall focused on his hot-and-cold relationship with the sports media (the same folks who vote on Hall members).
Rice’s career stats were good (.298 career batting average, 382 HRs, 1,452 RBIs), but never included the one that would seem to cinch it for him – a World Series ring.
It is nice to see sports heroes from my childhood getting the recognition they deserve. To my knowledge, Jim Rice didn’t do steroids; he didn’t shoot himself with his own gun when asked to surrender it in a nightclub; and he didn’t behave badly with aging, parasitic popstars looking to retain some semblance of youth and relevance by feeding on the lifeforce of their hosts. He did show up for 16 seasons to play baseball for the Boston Red Sox; sometimes to the jeers of the Boston fans and sportswriters alike.
During summers when I was a kid, my buddy and I would play wiffle ball in my back yard, which happened to be perfectly constructed for a one-on-one game. The only drawback – the dozens of fecal landmines laid by my family dog. As an aside - there is nothing quite like the simultaneous feeling of ecstasy and horror when you feel the soft, warm squish of freshly-laid dog doo running between your bare toes. Anyway, my buddy Jim would always be the Red Sox when we played, even going as far as mimicking the batting stance of Rice whenever he came to bat (where I knew nothing of baseball, Jim knew everything).
Jim was a real Sox fan – and come to think of it, his Red Sox never won the series in my back yard, either. At least that was the way I remembered it…
Sunday, January 11, 2009
William Lynn Named To DoD
President-elect Obama has named William J. Lynn to be deputy defense secretary. Lynn certainly seems well qualified for the position – he served as Under Secretary of Defense (comptroller) in the 2nd Clinton term, and the director of program analysis and evaluation in the DoD from 1993 to 1997. Dartmouth educated with a law degree from Cornell, he appears to bring the credentials and record of distinguished service to the position to which he was named.
But what is interesting here is Lynn’s current position – he’s the senior vice president for government relations at Raytheon Co., which is a fancy way of saying that he is a lobbyist. And if memory serves me correctly, candidate Obama vowed that lobbyists and their ilk would never darken his Oval Office doorstep. More to the point, no political appointee would be allowed to work on areas that “directly and substantially” relate to their prior employer for two years in an Obama Administration.
Is there a direct and substantial connection here? You bet – but that doesn't necessarily bother me. Some of the brightest minds in defense, foreign policy and economics have shifted from the public to the private sector and back again when administrations change hands. It is not a Left or a Right thing, it is the nature of Washington.
What bothers me is the double standard by which the Left and the press appear to be viewing this appointment. When it involves someone like Dick Cheney and ties to Halliburton, it's a part of some dark, vast right-wing conspiracy; when it involves an Obama appointment, it is an exception during exceptional times.
If the Left thinks the days of the Washington lobbyist are coming to an end with the election of Obama, they'll need to think again. Seaman First Class Obama is about to go on liberty leave with a $750 billion bankroll in his pocket, and there will be lots of pretty ladies with names like Raytheon and Bechtel who will be eager to help him spend it.
But what is interesting here is Lynn’s current position – he’s the senior vice president for government relations at Raytheon Co., which is a fancy way of saying that he is a lobbyist. And if memory serves me correctly, candidate Obama vowed that lobbyists and their ilk would never darken his Oval Office doorstep. More to the point, no political appointee would be allowed to work on areas that “directly and substantially” relate to their prior employer for two years in an Obama Administration.
Is there a direct and substantial connection here? You bet – but that doesn't necessarily bother me. Some of the brightest minds in defense, foreign policy and economics have shifted from the public to the private sector and back again when administrations change hands. It is not a Left or a Right thing, it is the nature of Washington.
What bothers me is the double standard by which the Left and the press appear to be viewing this appointment. When it involves someone like Dick Cheney and ties to Halliburton, it's a part of some dark, vast right-wing conspiracy; when it involves an Obama appointment, it is an exception during exceptional times.
If the Left thinks the days of the Washington lobbyist are coming to an end with the election of Obama, they'll need to think again. Seaman First Class Obama is about to go on liberty leave with a $750 billion bankroll in his pocket, and there will be lots of pretty ladies with names like Raytheon and Bechtel who will be eager to help him spend it.
I'll Have The Sea Kittens On Rye...
Quick – what do aquatic inhabitants and the Conservative Wahoo’s beloved sailing on the Chesapeake have in common? If it was up to PeTA, they would both be called Sea Kittens…
Just kidding of course, CW.
Just kidding of course, CW.
Obama’s Third Bush Term
During the November campaign, Obama mockingly referred to the McCain/Palin ticket as the third Bush Term; meaning that should McCain be elected, Americans would be treated to another four years of Bush policies. But as we’ve seen during the transition in the selection of such Bush administration holdovers as Robert Gates, James Jones, and most recently intelligence veteran John Brennan, Obama’s lofty rhetoric of change may prove to be just that – at least as foreign policy is concerned anyway – and that isn’t such a bad thing.
Writing in the current issue of Foreign Policy magazine, former chief speechwriter and senior policy advisor to Condoleezza Rice, Christian Brose posits that if the Obama Administration is successful in foreign policy in the coming years, it won’t be because of wholesale changes to the policy Obama inherited from Bush, but largely because he’ll continue it.
Of the many issues that await Obama, including North Korea, Iraq and Iran, Brose believes that the new president will continue many of the policies already implemented in Bush’s second term. In North Korea, Obama will keep the course of multilateral negotiation, simply because there are no other options. President Obama’s campaign promise of a drawdown in Iraq will also benefit from Bush’s surge policy, as the Iraqis are at a point where self governance and the need for a large occupying force are no longer required. And in Iran, Obama is almost surely to maintain the Bush course of “sticks and carrot” diplomacy, but adding that the new president will require sharper sticks and sweeter carrots.
Over in the Middle East, Obama policy shouldn’t be too dissimilar from what it looks like today; from support of an independent Lebanon, application of pressure on Syria to behave themselves, to continued support of a Palestinian state. On the issue of a Palestinian state, Obama would be wise to continue the Bush pledge of US support only when the Palestinians prove their seriousness to self-determination by successful government and economy.
On Islamic terrorism, Obama is beginning to understand the enormity of the situation, as well as the complexity involved in taking the moral highroad in combating it. Closing Gitmo won’t be as easy as Obama feels it will be, as surely Bush could attest. And despite his rhetoric on torture to the contrary – “I was clear throughout this campaign and was clear throughout this transition that under my administration the United States does not torture…we will abide by the Geneva Conventions, we will uphold our highest ideals” – rendition was a policy initiated by the Clinton Administration and carried out under the auspices of his new CIA chief and former Clinton Chief of Staff Leon Panetta. And do you know why it was continued under Bush? Because it works.
As historians rush to put their assessment on the presidency of George W. Bush, they should, in fairness, reserve judgment until after the results are in of the Obama years.
Writing in the current issue of Foreign Policy magazine, former chief speechwriter and senior policy advisor to Condoleezza Rice, Christian Brose posits that if the Obama Administration is successful in foreign policy in the coming years, it won’t be because of wholesale changes to the policy Obama inherited from Bush, but largely because he’ll continue it.
Of the many issues that await Obama, including North Korea, Iraq and Iran, Brose believes that the new president will continue many of the policies already implemented in Bush’s second term. In North Korea, Obama will keep the course of multilateral negotiation, simply because there are no other options. President Obama’s campaign promise of a drawdown in Iraq will also benefit from Bush’s surge policy, as the Iraqis are at a point where self governance and the need for a large occupying force are no longer required. And in Iran, Obama is almost surely to maintain the Bush course of “sticks and carrot” diplomacy, but adding that the new president will require sharper sticks and sweeter carrots.
Over in the Middle East, Obama policy shouldn’t be too dissimilar from what it looks like today; from support of an independent Lebanon, application of pressure on Syria to behave themselves, to continued support of a Palestinian state. On the issue of a Palestinian state, Obama would be wise to continue the Bush pledge of US support only when the Palestinians prove their seriousness to self-determination by successful government and economy.
On Islamic terrorism, Obama is beginning to understand the enormity of the situation, as well as the complexity involved in taking the moral highroad in combating it. Closing Gitmo won’t be as easy as Obama feels it will be, as surely Bush could attest. And despite his rhetoric on torture to the contrary – “I was clear throughout this campaign and was clear throughout this transition that under my administration the United States does not torture…we will abide by the Geneva Conventions, we will uphold our highest ideals” – rendition was a policy initiated by the Clinton Administration and carried out under the auspices of his new CIA chief and former Clinton Chief of Staff Leon Panetta. And do you know why it was continued under Bush? Because it works.
As historians rush to put their assessment on the presidency of George W. Bush, they should, in fairness, reserve judgment until after the results are in of the Obama years.
Friday, January 9, 2009
Taking Chance Home
I came across Marine LtCol M.R. Strobl’s story by way of The Weekly Standard. In 2004, LtCol Strobl had the honor of escorting a fallen Marine’s remains from Dover, DE to his eventual place of rest in Dubois, WY. Strobl wrote of his experience for the Blackfive blog, and HBO has adapted his story into an original movie.
I’ve linked the original blog post here. It is a simple, factual chronology as one might expect from a LtCol in the Marines. It is also incredibly moving. I look forward to the movie.
I’ve linked the original blog post here. It is a simple, factual chronology as one might expect from a LtCol in the Marines. It is also incredibly moving. I look forward to the movie.
Pelosi “Urges” Obama To Raise Taxes
The Politico is reporting that Nancy Pelosi has said that she is “urging” President-elect Obama to quickly repeal the 2002 Bush tax cuts, which are set to expire in 2010.
“He has the full package of what he wants to do, and we’ll respect what he is saying, but put me down as one who is urging repeal,” said Pelosi. Check that, Nan – we’ve got you down pat.
“He has the full package of what he wants to do, and we’ll respect what he is saying, but put me down as one who is urging repeal,” said Pelosi. Check that, Nan – we’ve got you down pat.
Et Tu, Spidey?
It appears that even superheroes are powerless to resist Obama's charms. But is the "it looks like Washington is in capable (emphasis theirs) hands" caption really necessary? 
I knew there was a reason why I liked Batman better...
I knew there was a reason why I liked Batman better...Thursday, January 8, 2009
Divorced Man Wants Kidney Back
A Long Island, NY physician going through a bitter divorce has handed his ex wife an ultimatum: $1.5 million or the kidney he donated to her:
Fans of the Howard Stern show will recognize the man's legal counsel - the bloated attorney Dominick Barbara.
Seems like a fair trade to me. After all, she already took his b*lls in the divorce...
Fans of the Howard Stern show will recognize the man's legal counsel - the bloated attorney Dominick Barbara.
Seems like a fair trade to me. After all, she already took his b*lls in the divorce...
Presidents Who Lunch
Politics aside, this is truly an incredible picture:
But is it me, or does Clinton look like he's straining not to be pictured next to Carter? It's as though Clinton farted and then stepped to his right to allow Carter to deal with the fallout. Perhaps it is just me - I grew up with four older brothers.
But is it me, or does Clinton look like he's straining not to be pictured next to Carter? It's as though Clinton farted and then stepped to his right to allow Carter to deal with the fallout. Perhaps it is just me - I grew up with four older brothers.
WSJ: Save Us From Our 401k
Here we go – the beginnings of what will undoubtedly be a cavalcade of calls for Big Brother to rescue us from shrinking 401k nest eggs decimated by the financial meltdown. According to the Journal story, about 50 million Americans with 401k plans had over $1 trillion of stock value erased when the bubble burst in October 2007.
The ensuing crisis prompted some lawmakers on Capitol Hill to conduct hearings on revamping the entire 401k process. Among those ideas discussed (and hopefully tabled) included a “universal” retirement account which would cover all workers. In exchange for our hard earned money, Uncle Sam would offer a guaranteed, but low rate of return (I had seen projections of as little as 1%-3%).
But statistics released in 2006 indicate that the average balance in 401k savings plans for Baby Boomers aged 45-60 was just $25,000 – this BEFORE the bubble. Another 2006 study of 401k statistics for nearly 2.5 million eligible employees revealed that approximately 30% of workers weren’t participating in the 401k program at all – the number increasing to 54% for workers ages 20-29. And of those employees who did participate, one in five did not contribute enough to receive the full company match.
So the problem isn’t necessarily 401k plans – the problem is that Americans aren’t saving enough, or living entirely beyond their means. And now that the business cycle is in a downturn, Americans are looking to the government to cushion the fall, or take the hit entirely. While it’s certainly an understandable reaction for someone at or approaching retirement age who may have been caught off-guard, I find it distressing that many in my age demographic (ahem, 25-40ish) are calling for the same nanny state protections.
If the problem isn’t 401k plans, then the solution won’t be found in overhauling the system. The solution will materialize only through a painful but entirely survivable realization that with great return comes risk and vigilance, and with guaranteed return comes piece of mind at a price. But I realized this when I began participating in the program almost 20 years ago, and I don't think I'm any smarter than the average investor. I’m all for more transparency and greater flexibility in the 401k system, but I would prefer the government ultimately stays out of my investment decisions.
This is life, folks – not everyone gets a pony, and no one is guaranteed a trophy just for showing up. The new normal will mean that Baby Boomers may have to put off those plans for early retirement, or scale back on the floor plans for that Coconut Groves retirement villa in Pompano.
How did the children of the Depression ever survive?
The ensuing crisis prompted some lawmakers on Capitol Hill to conduct hearings on revamping the entire 401k process. Among those ideas discussed (and hopefully tabled) included a “universal” retirement account which would cover all workers. In exchange for our hard earned money, Uncle Sam would offer a guaranteed, but low rate of return (I had seen projections of as little as 1%-3%).
But statistics released in 2006 indicate that the average balance in 401k savings plans for Baby Boomers aged 45-60 was just $25,000 – this BEFORE the bubble. Another 2006 study of 401k statistics for nearly 2.5 million eligible employees revealed that approximately 30% of workers weren’t participating in the 401k program at all – the number increasing to 54% for workers ages 20-29. And of those employees who did participate, one in five did not contribute enough to receive the full company match.
So the problem isn’t necessarily 401k plans – the problem is that Americans aren’t saving enough, or living entirely beyond their means. And now that the business cycle is in a downturn, Americans are looking to the government to cushion the fall, or take the hit entirely. While it’s certainly an understandable reaction for someone at or approaching retirement age who may have been caught off-guard, I find it distressing that many in my age demographic (ahem, 25-40ish) are calling for the same nanny state protections.
If the problem isn’t 401k plans, then the solution won’t be found in overhauling the system. The solution will materialize only through a painful but entirely survivable realization that with great return comes risk and vigilance, and with guaranteed return comes piece of mind at a price. But I realized this when I began participating in the program almost 20 years ago, and I don't think I'm any smarter than the average investor. I’m all for more transparency and greater flexibility in the 401k system, but I would prefer the government ultimately stays out of my investment decisions.
This is life, folks – not everyone gets a pony, and no one is guaranteed a trophy just for showing up. The new normal will mean that Baby Boomers may have to put off those plans for early retirement, or scale back on the floor plans for that Coconut Groves retirement villa in Pompano.
How did the children of the Depression ever survive?
Wednesday, January 7, 2009
Poll: Americans Say Burris Should Be Blocked
A new Gallup Poll just released indicates the majority of Americans surveyed favor a special election to fill Obama’s vacated Senate seat as opposed to letting Roland Burris serve out the remainder of the term.
That’s fine if the rest of the nation had a say in electing Illinois candidates for the US Senate, or rewriting the Illinois State Constitution, but they don’t. And the Illinois Constitution allows the governor to make an appointment or call a special election to fill a vacated Senate or House seat. In the case of Rahm Emanuel, Blagojevich called for a special election; for Obama’s seat, he opted initially to sell it, but relented and appointed Burris when faced with certain “legal” obstacles.
By all accounts, Blagojevich is the duly elected and active Governor of Illinois. He’s a fraud of course, but he hasn’t been indicted for anything yet. And since his arrest, he’s continued to perform the various duties of the office for which he was elected – he’s vetoed legislation, as well as signed legislation into law. Are these laws to be repealed now simply because of Blagojevich’s unpopularity or impending date with the grand jury?
Blagojevich is an SOB, but he’s Illinois’ SOB. And until they run him out of town on a rail, he remains their legal governor.
By all accounts, Blagojevich is the duly elected and active Governor of Illinois. He’s a fraud of course, but he hasn’t been indicted for anything yet. And since his arrest, he’s continued to perform the various duties of the office for which he was elected – he’s vetoed legislation, as well as signed legislation into law. Are these laws to be repealed now simply because of Blagojevich’s unpopularity or impending date with the grand jury?
Blagojevich is an SOB, but he’s Illinois’ SOB. And until they run him out of town on a rail, he remains their legal governor.
Gupta to SGO – Krugman Objects
I don’t mean to pile it on Paul Krugman, but this is kind of silly. Dr. Krugman objects to President-elect Obama's nomination of CNN’s Sanjay Gupta as Surgeon General. Krugman isn’t objecting to Gupta’s qualifications as much as he is rising to the defense of the besmirched…Michael Moore. And to read the accompanying posts in support of Krugman would suggest that Obama nominated no less than Dr. Mengele.
Krugman narrows his objection to Gupta for the latter's deplorable treatment of Moore and his movie Sicko, characterizing Gupta's criticisms of the movie as what he calls Village behavior:
“Moore is an outsider, he’s uncouth, so he gets smeared as unreliable even though he actually got it right. It’s sort of a minor-league version of the way people who pointed out in real time that Bush was misleading us into war are to this day considered less “serious” than people who waited until it was fashionable to reach that conclusion.”
Or sort of the way scientists and journalists who question global warming or man’s contribution to climate change are labeled as heretics or worse. The door swings both ways Dr. Krugman.
Krugman narrows his objection to Gupta for the latter's deplorable treatment of Moore and his movie Sicko, characterizing Gupta's criticisms of the movie as what he calls Village behavior:
“Moore is an outsider, he’s uncouth, so he gets smeared as unreliable even though he actually got it right. It’s sort of a minor-league version of the way people who pointed out in real time that Bush was misleading us into war are to this day considered less “serious” than people who waited until it was fashionable to reach that conclusion.”
Or sort of the way scientists and journalists who question global warming or man’s contribution to climate change are labeled as heretics or worse. The door swings both ways Dr. Krugman.
Tuesday, January 6, 2009
Breitbart Launches Big Hollywood
Andrew Breitbart of Breitbart.com, Breitbart.tv and the Huffington Post of all things, has launched a new blog called "Big Hollywood". Breitbart hopes to lure some of the conservative voices of Hollywood and pop culture to blog on entertainment, culture and the politics of the day.
Breitbart's objective: "To change the entertainment industry. To make Hollywood something we can believe in - again...Until conservatives, libertarians and Republicans - who will be the lion’s share of Big Hollywood’s contributors - recognize that (pop) culture is the big prize and that politics is secondary, there will be no victory in this important battle."
Give it a look - it's worth your time.
Breitbart's objective: "To change the entertainment industry. To make Hollywood something we can believe in - again...Until conservatives, libertarians and Republicans - who will be the lion’s share of Big Hollywood’s contributors - recognize that (pop) culture is the big prize and that politics is secondary, there will be no victory in this important battle."
Give it a look - it's worth your time.
A Thaw In Frozen Credit?
On the other side of the economic spectrum, I’ve become addicted to the Credit Crisis Indicators of Calculated Risk’s blog. It’s their weekly dashboard of leading credit indices designed to gauge the progress of the Fed and other financial entities efforts to stabilize credit markets. Since October, there has been a slow improvement. But considering some of these measures are off from their October highs (for instance, the three month LIBOR is down to 1.42% from a peak rate of 4.81%, and the TED spread is at 1.34 from 4.63), I’d say things have improved considerably.
Are we out of the woods yet? Not likely; but it appears without the dramatic intervention of the Fed last Fall, things could have gotten a heck of a lot worse.
And now that the patient appears to be on a course toward stabilizing, it’s time to consider long-term therapy. The recent news of inclusion of individual and corporate tax cuts in Obama’s proposed stimulus package is a good start. Once consumers are convinced their short- and long-term job prospects are secure, they’ll begin to spend again. But this is going to take time – which is why I will sit on the gloomy side of the tracks in the short term, but invest for the longer term.
Are we out of the woods yet? Not likely; but it appears without the dramatic intervention of the Fed last Fall, things could have gotten a heck of a lot worse.
And now that the patient appears to be on a course toward stabilizing, it’s time to consider long-term therapy. The recent news of inclusion of individual and corporate tax cuts in Obama’s proposed stimulus package is a good start. Once consumers are convinced their short- and long-term job prospects are secure, they’ll begin to spend again. But this is going to take time – which is why I will sit on the gloomy side of the tracks in the short term, but invest for the longer term.
The Blame Game
I recently finished Behind the Housing Crash, by Aaron Clarey (aka “Captain Capitalism” in the blogosphere). Aaron is a former analyst for several lending institutions in the Minneapolis/St. Paul metropolitan area who witnessed the housing bubble firsthand, and relayed his experiences in print.
I wrote Aaron a week or so ago to congratulate him on his book, and asked him the following question:
“…you lay a considerable amount of blame for the current crisis (rightfully, I feel), among several parties, including consumers, developers, bankers, government and Wall Street. In your opinion, what percent of the blame should fall upon low-income mortgage owners, who shouldn't have been approved for in the first place but benefited from governmental requirements to financial institutions to open up the aperture of loans? I guess said differently, do these low-income (and in many cases, minority) defaulters comprise a large share of the toxic assets? We hear a lot of political hand-wringing with regard to Fannie and Freddie, but were their failures just a symptom of a larger illness?”
As part of his response, contained here, he provides a pie chart with what he feels are the factors that contributed to the real estate bubble and ensuing financial meltdown.
His answers may surprise you. They did me.
I wrote Aaron a week or so ago to congratulate him on his book, and asked him the following question:
“…you lay a considerable amount of blame for the current crisis (rightfully, I feel), among several parties, including consumers, developers, bankers, government and Wall Street. In your opinion, what percent of the blame should fall upon low-income mortgage owners, who shouldn't have been approved for in the first place but benefited from governmental requirements to financial institutions to open up the aperture of loans? I guess said differently, do these low-income (and in many cases, minority) defaulters comprise a large share of the toxic assets? We hear a lot of political hand-wringing with regard to Fannie and Freddie, but were their failures just a symptom of a larger illness?”
As part of his response, contained here, he provides a pie chart with what he feels are the factors that contributed to the real estate bubble and ensuing financial meltdown.
His answers may surprise you. They did me.This Kid's Got A BIG Time-Out Coming...
Police say a 4 year-old boy, angry at his babysitter for stepping on his foot, allegedly grabbed a shotgun from a closet and shot his teenaged caregiver. The case is still under investigation.
This wouldn't have happened if the child had watched this important message from Plaxico Burress on gun safety...
Hat tip: Uncle John
This wouldn't have happened if the child had watched this important message from Plaxico Burress on gun safety...
Hat tip: Uncle John
Monday, January 5, 2009
Leon Panetta To Head CIA
An interesting choice. Although he has no practical experience in the spy business, Panetta did serve as Chief of Staff under Clinton so you know he's a natural at clandestine activies.
Langley needs a shake up, so I suppose it's as good a place as any to start.
Langley needs a shake up, so I suppose it's as good a place as any to start.
Sunday, January 4, 2009
Richardson Out At Commerce
Governor Bill Richardson, President-elect Obama’s choice for Commerce Secretary, has withdrawn his name from nomination, citing a grand jury investigation into alleged “pay to play” deals involving a California company and his home state of New Mexico.
Richardson’s sudden departure indicates to me one of two things:
- The grand jury is about to return some pretty damning charges against Richardson; or,
- He has absolutely no stomach for politics to let a little thing like a grand jury investigation get in the way of his nomination.
After all, you don’t see Hillary breaking a sweat, do you?
Richardson’s sudden departure indicates to me one of two things:
- The grand jury is about to return some pretty damning charges against Richardson; or,
- He has absolutely no stomach for politics to let a little thing like a grand jury investigation get in the way of his nomination.
After all, you don’t see Hillary breaking a sweat, do you?
Republicans Should Stay Clear Of Burris Mud
Just because Rep. Bobby Rush has decided to wallow in the sty of racial politics in the wake of the Rolland Burris fracas doesn’t mean that Senate Republicans should join him.
Sen. John Cornyn (R-TX), chair of the National Republican Senatorial Committee, reacting to a Chicago Sun-Times article in which Sen. Harry Reid is said to have suggested to have lobbied Gov. Blagojevich on certain Senate picks, said this:
“Sen. Reid has led the charge to deny the people of Illinois a voice in choosing their next U.S. Senator in a special election. Now we learn that Sen. Reid also took the extraordinary step to lobby against two sitting U.S. Congressmen and the State Senate Majority Leader in Illinois…why does he believe these three Illinois officeholders are 'unelectable' to the U.S. Senate?"
Reid is said to have favored either Tammy Duckworth or Illinois Attorney General Lisa Madigan, and attempted to counsel Blagojevich against Reps. Jessie Jackson Jr., Danny Davis and State Senate President Emil Jones. Reid was concerned that all three were “unelectable” – all three happen to be black. See where this is going?
A Senate Republican aide then further stirred the pot with an email where the aide questions the “appropriateness” of Reid’s actions. “What would the reaction be if a Republican had been pressuring a Governor not to pick one of the black candidates? You and I both remember the outrage over Trent Lott's comments at Strom Thurmond's birthday party. I'm not suggesting either of them is racist, just saying it seems like there's always a double standard on how R's and D's are judged on things like this.”
My point is this – Republicans don’t need to get involved with this type of race-baiting politics when the Democrats are more than capable of hamstringing themselves. If the GOP really wants to regain ground lost during last November’s election, then they need to remain focused on the larger issues of the day. There are bigger battles to pick, and this isn’t one of them. They can win this war without even showing up.
Sen. John Cornyn (R-TX), chair of the National Republican Senatorial Committee, reacting to a Chicago Sun-Times article in which Sen. Harry Reid is said to have suggested to have lobbied Gov. Blagojevich on certain Senate picks, said this:
“Sen. Reid has led the charge to deny the people of Illinois a voice in choosing their next U.S. Senator in a special election. Now we learn that Sen. Reid also took the extraordinary step to lobby against two sitting U.S. Congressmen and the State Senate Majority Leader in Illinois…why does he believe these three Illinois officeholders are 'unelectable' to the U.S. Senate?"
Reid is said to have favored either Tammy Duckworth or Illinois Attorney General Lisa Madigan, and attempted to counsel Blagojevich against Reps. Jessie Jackson Jr., Danny Davis and State Senate President Emil Jones. Reid was concerned that all three were “unelectable” – all three happen to be black. See where this is going?
A Senate Republican aide then further stirred the pot with an email where the aide questions the “appropriateness” of Reid’s actions. “What would the reaction be if a Republican had been pressuring a Governor not to pick one of the black candidates? You and I both remember the outrage over Trent Lott's comments at Strom Thurmond's birthday party. I'm not suggesting either of them is racist, just saying it seems like there's always a double standard on how R's and D's are judged on things like this.”
My point is this – Republicans don’t need to get involved with this type of race-baiting politics when the Democrats are more than capable of hamstringing themselves. If the GOP really wants to regain ground lost during last November’s election, then they need to remain focused on the larger issues of the day. There are bigger battles to pick, and this isn’t one of them. They can win this war without even showing up.
Movies That Make Men Cry
I admit it – I occasionally cry during movies. And if you were to ask Mrs. Goldwater, I cry a little too much during movies. Recently, my brother and his family were in town for a quick visit, and I got to talking with him on movies where it’s OK for a man to cry. Obviously, this conversation is hypothetical, because it’s NEVER appropriate for a man to cry during a movie, but if it was, here are my top five scenes:
LOTR: Return of the King – You bow to no one
The scene where Aragorn stops the Hobbits in mid-genuflect and utters, “No my friends, you bow to no one” as the kingdom then bows in unison before them is guaranteed to make even the most heartless cretin cry like a ten year-old schoolgirl.
Field of Dreams – Hey Dad, You want to have a catch?
If you watch it, he will cry.
Rocky – The final scene
Rocky’s fights are better than real heavyweight bouts. A beaten, but not defeated Rocky Balboa gets the girl and the respect – a real winner.
It’s a Wonderful Life – The community rallying at the Bailey house
This movie is a holiday favorite for which, unfortunately, I’ve become desensitized to from one-too-many airings over the years. It’s still good for a misty eye or two though…
Saving Private Ryan – (tie) The scene in the cemetery and the D-Day landing
I visited the American cemetery at Normandy a year following the release of this movie – the scene with the older Ryan looking to his family for validation came flooding back into my head as I passed by each simple grave marker. The D-Day recreation is just sheer terror.
Honorable mentions:
My Dog Skip – if you’ve ever owned a dog, you’ll know why
Big Fish – Surprising tenderness from Tim Burton
Parenthood – the children’s play and closing montage (I’m a sucker for montages)
Have I missed any?
LOTR: Return of the King – You bow to no one
The scene where Aragorn stops the Hobbits in mid-genuflect and utters, “No my friends, you bow to no one” as the kingdom then bows in unison before them is guaranteed to make even the most heartless cretin cry like a ten year-old schoolgirl.
Field of Dreams – Hey Dad, You want to have a catch?
If you watch it, he will cry.
Rocky – The final scene
Rocky’s fights are better than real heavyweight bouts. A beaten, but not defeated Rocky Balboa gets the girl and the respect – a real winner.
It’s a Wonderful Life – The community rallying at the Bailey house
This movie is a holiday favorite for which, unfortunately, I’ve become desensitized to from one-too-many airings over the years. It’s still good for a misty eye or two though…
Saving Private Ryan – (tie) The scene in the cemetery and the D-Day landing
I visited the American cemetery at Normandy a year following the release of this movie – the scene with the older Ryan looking to his family for validation came flooding back into my head as I passed by each simple grave marker. The D-Day recreation is just sheer terror.
Honorable mentions:
My Dog Skip – if you’ve ever owned a dog, you’ll know why
Big Fish – Surprising tenderness from Tim Burton
Parenthood – the children’s play and closing montage (I’m a sucker for montages)
Have I missed any?
Saturday, January 3, 2009
Israelis Begin Ground Assault
What is it about the Arab world that brings out the best in their war hyperbole? Hamas has vowed to turn the Gaza strip into a “cemetery” for the Israeli army, which has just launched a ground offensive after a week of air assaults on Hamas targets.
Of course, it doesn’t compare to Saddam Hussein and his minions during the build up to the two Gulf Wars, who said our troops would be swimming in pools of their own blood and the desert would stink with the stench of their rotting corpses (or something to that effect).
I’m mean, that just conjures up all sorts of images.
Of course, it doesn’t compare to Saddam Hussein and his minions during the build up to the two Gulf Wars, who said our troops would be swimming in pools of their own blood and the desert would stink with the stench of their rotting corpses (or something to that effect).
I’m mean, that just conjures up all sorts of images.
Krugman: GOP The Party Of Racial Backlash
In his latest case for big government, economist Paul Krugman boils down current Republican troubles, and by extension, the nation’s, to the former’s Southern Strategy: “Forty years ago the GOP decided, in effect, to make itself the party of racial backlash. And everything that has happened in recent years is a consequence of that decision.”
So you see, the GOP are nothing but a bunch of incompetent, racist thugs, with the Bush Administration acting as figurehead dutifully carrying out its “divisive tactics” and conservatism’s failed economic philosophies.
But fear not, the New Age of Enlightenment is here. And if the Republicans attempt to thwart Obama’s bold plans, Krugman warns that they’ll quickly learn two things: the recent financial crisis has invalidated capitalism and free markets; and, criticizing big government is racist.
So much going on here. For one, Krugman’s argument that racism is at the heart of the GOP’s downfall is, as Jonah Goldberg says, nonsense on stilts. When there’s a race card to be played, more often than not it will be dealt by a Democrat (examples here and here). What is Krugman's evidence of this? He cites Bush’s decision to visit his ranch in Crawford, Texas to “stay in touch with real Americans” as proof of racial bias. Now surely everyone who is as culturally nuanced as Krugman knows that black people don’t live in Texas, but there are lots of Mexicans, so doesn’t that count for something?
Finally, Krugman admonishes Republicans for not knowing the “real America” – one that is “more diverse, more tolerant, and more demanding of effective government.” More tolerant – really? I wonder what Dr. Krugman would say to the various gay rights ballot initiatives that went down in defeat, some of which in liberal Blue States? What would he say to the subsequent vitriolic backlash demonstrated by the supporters of gay marriage against religious groups (in particular, the Mormon Church) who dared to raise their voices (and funds) against it? What would Krugman say to a politician who condescendingly scolds an electorate for “clinging to God and guns” during troubling times? And finally, what would Krugman say to the “coded” language of his mainstream media colleagues who excoriate Sarah Palin and George W. Bush for their unabashed faith in religion?
If we are to accept racism as one of the factors that led to the downfall of the Republicans, than surely religious intolerance and elitism will be the downfall of the left.
So you see, the GOP are nothing but a bunch of incompetent, racist thugs, with the Bush Administration acting as figurehead dutifully carrying out its “divisive tactics” and conservatism’s failed economic philosophies.
But fear not, the New Age of Enlightenment is here. And if the Republicans attempt to thwart Obama’s bold plans, Krugman warns that they’ll quickly learn two things: the recent financial crisis has invalidated capitalism and free markets; and, criticizing big government is racist.
So much going on here. For one, Krugman’s argument that racism is at the heart of the GOP’s downfall is, as Jonah Goldberg says, nonsense on stilts. When there’s a race card to be played, more often than not it will be dealt by a Democrat (examples here and here). What is Krugman's evidence of this? He cites Bush’s decision to visit his ranch in Crawford, Texas to “stay in touch with real Americans” as proof of racial bias. Now surely everyone who is as culturally nuanced as Krugman knows that black people don’t live in Texas, but there are lots of Mexicans, so doesn’t that count for something?
Finally, Krugman admonishes Republicans for not knowing the “real America” – one that is “more diverse, more tolerant, and more demanding of effective government.” More tolerant – really? I wonder what Dr. Krugman would say to the various gay rights ballot initiatives that went down in defeat, some of which in liberal Blue States? What would he say to the subsequent vitriolic backlash demonstrated by the supporters of gay marriage against religious groups (in particular, the Mormon Church) who dared to raise their voices (and funds) against it? What would Krugman say to a politician who condescendingly scolds an electorate for “clinging to God and guns” during troubling times? And finally, what would Krugman say to the “coded” language of his mainstream media colleagues who excoriate Sarah Palin and George W. Bush for their unabashed faith in religion?
If we are to accept racism as one of the factors that led to the downfall of the Republicans, than surely religious intolerance and elitism will be the downfall of the left.
Friday, January 2, 2009
100!!! Woo Hoo!!!
And with this post, I officially enter triple digits. I can't wait for the syndication deal.
Update: Whoa, this is too strange...but today would have been Barry Goldwater's 100th birthday as well.
Update: Whoa, this is too strange...but today would have been Barry Goldwater's 100th birthday as well.
Rare Bird Dies – Bush Blamed
Well OK, maybe he wasn’t…but he should have been. Sometimes, I just post these because I love the headlines. All that’s missing from this story is the ending where the bird is miraculously brought back from the dead after hearing Obama’s victory speech.
Good For Him
Perhaps Gresham Barrett is a Postcards reader? The four term Republican Congressman from South Carolina announced that he is donating his congressional pay raise to charity.
Barbarians At The Gate
This story posted on Drudge piqued my interest. There appears to be growing concern among some in Israel that the size and sophistication of Hamas’ missile arsenal puts Israel’s top secret nuclear facility in Dimona at increased risk. Initially, this begs the question – if the facility is “top secret” how do we know about it?
But on a more ominous note, the story underscores for me the precarious situation Israel faces on a daily basis. I recall how in the weeks and months following 9/11, speculation on future attacks focused on strikes on nuclear facilities. Officials then took great pains to assure the public that existing facilities were safe despite subsequent security breaches. Thankfully, since September 11th there have been no terror attempts on US soil; unfortunately, the same cannot be said for Israel. And since the recent Hamas-ended truce, missile attacks on Israel have been commonplace. Not one – hundreds. And not homemade firecrackers either, as Palestinian apologists say – but dozens of Iranian and Chinese made short and medium range missiles with enough firepower to do serious damage. Eventually I’m afraid, the law of averages will win out, and the Huns will break through the gates.
Iranian President Mahmoud Ahmadinejad has intimated on more than one occasion his desire to see Israel “wiped off of the face of the Earth.” And US efforts to contain Tehran to date have focused largely on curbing its nuclear and long-range missile programs. But through a coordinated war of proxy with thugs like Hamas and Hizbullah, Ahmadinejad may someday get his wish without seemingly firing a shot.
But on a more ominous note, the story underscores for me the precarious situation Israel faces on a daily basis. I recall how in the weeks and months following 9/11, speculation on future attacks focused on strikes on nuclear facilities. Officials then took great pains to assure the public that existing facilities were safe despite subsequent security breaches. Thankfully, since September 11th there have been no terror attempts on US soil; unfortunately, the same cannot be said for Israel. And since the recent Hamas-ended truce, missile attacks on Israel have been commonplace. Not one – hundreds. And not homemade firecrackers either, as Palestinian apologists say – but dozens of Iranian and Chinese made short and medium range missiles with enough firepower to do serious damage. Eventually I’m afraid, the law of averages will win out, and the Huns will break through the gates.
Iranian President Mahmoud Ahmadinejad has intimated on more than one occasion his desire to see Israel “wiped off of the face of the Earth.” And US efforts to contain Tehran to date have focused largely on curbing its nuclear and long-range missile programs. But through a coordinated war of proxy with thugs like Hamas and Hizbullah, Ahmadinejad may someday get his wish without seemingly firing a shot.
The Ball Drops For Thee, Dick
Was anyone else as pained as I was watching Dick Clark slur his way through his segment on the ABC New Year’s Eve special the other night? Dick is no longer “America’s Oldest Teenager”; he’s a recovering stroke patient who appears as though he may crash at any moment. I realize his production company may still own the rights to the NYE telecast, but c’mon now, it’s getting a little creepy. But in all less creepy than say, Ryan Seacrest pretending to be heterosexual.
Although I do have to admit it did make for fascinating television, which may have been ABC’s intent all along – those ingenious bastards.
Although I do have to admit it did make for fascinating television, which may have been ABC’s intent all along – those ingenious bastards.
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