Sunday, May 10, 2009

What's up . . .

Haven't posted in a while, sort of got burned out during the campaign and have been laying low since. However, when I saw a clip of Hannity even criticizing the President over his choice of mustard for his burger I couldn't stand it, who is this asshole and how the hell did he get on TV? This guy supports torture, and acts like we veterans do too, which is bullshit. It doesn't work, the intel you get is crap, and it creates the most implacable sort of enemies. Plus, it is the very antithesis of American values, and if we stoop to the level of our enemies in our battle against them have we not surrendered any perceived moral highground? The America I believe in is bigger then that, and better than that.

Sunday, September 28, 2008

Debate/Bailout update . .

I thought Obama should have attacked more often and more specifically, driving the point home when he had an advantage/opportunity (he missed several), but I agree that he won a slight victory overall. McCain just looked old and unwilling to consider new ideas.

I'm still pissed about the bailout, seems when I was getting my MBA we discussed something called risk assessment, and how to fail at this meant potentially terrible consequences to the business. Now we are (sort of) giving them a get out of jail free (too easy, at least), and taking responsibility for their most worthless debts from the risk takers to the American taxpayer. I guess a totally 'free' market isn't the perfect model after all, and the hardcore deregulators (including McCain/Gramm) were wrong and deserve a share of responsibility for this mess, as do some individuals who took loans they knew they could not repay counting on ever-rising real estate prices.

Wednesday, September 24, 2008

McCain's timeout . . a cry for help!

What the hell happened to the man we knew in 2000? This is his idea of leadership, 'suspending' his campaign to 'lead' on the bailout legislation? He's not even on the committees working the issue, he has told us himself he doesn't know much about economics, and his waffling for the last week has proven that beyond a reasonable doubt. And when he gets there, does he support the unconstitutional crap sent over by Dubya & Co, or does he try to look bipartisan by embracing the Dems change requests (demands I hope)? Or does he do something else stupid to draw attention to himself?

His so-called economic guru-in-chief Phil Gramm is responsible for much of this debacle, and McCain aided and abetted him in the deregulation and defanging of what regs were left. How exactly are they going to help here, or is it their corporate backers who want them there to help screw us over again?

Tuesday, September 23, 2008

Bailout keys: "Trust but Verify" article

"Trust but Verify" from The Nation is a great article on what we can do to keep Congressional control over this bailout, and how we can make it as fair and transparent as possible.

http://www.thenation.com/doc/20081006/galbraith_black

Bailout Rant: Paulson puts the Jerk in kneejerk

Paulson, as Dubya’s surrogate, has really put the Jerk in ‘kneejerk’ this week with his all-out assault to ram this ‘bailout’ down our throats without sufficient Congressional oversight. Now, now, now, is his mantra (reminiscent of drill, drill, drill, yes?), as if to take time to actually think will be a dangerous delay. In addition to ‘now’, he also wants complete unfettered control of the monies and freedom to act as he pleases to accomplish the bailout, with the same experts whose championship of deregulation got us into this mess to begin with. Off with their heads I say! . . or would if I was king for a day, as Paulson wants to be King of the Economy (I.e. Robberbarron-in-chief).

We can maintain liquidity in the markets without swallowing up to $1 TRILLION in bad debt (much of it unsecured ‘mortgage derivative’ securities), and we can do it without shredding the Constitution and empowering the same idgits (Southern for idiots) who were proponents of these securities and chipped away at regulation until we had a total meltdown of the greed pyramid. Congress needs to be in charge here, if they want WTP to buy up their greed-based bad debt then WTP want to see to whom the checks are written and what we receive for the money. Watching their testimony, I see a man who knows that the faster they can get us to swallow this poison pill the better chance they have of setting it up to profit themselves and their friends.

Behind these men no doubt is the Bush Administration and all their shenanigans, the power-seeking language in their proposal definitely smells like Cheney to me. More power accrued to the Executive Branch is their goal, which they disguise (poorly) by setting the Sec. Treasury up as the Bailout King. Paulson is leaving, so they can put a new ‘loyal Bushie’ in as SecTreas and keep control over $1 trillion and the financial markets right? So even if McCain loses, they can oppose Obama with massive leverage in a position which is not subject to the new President, enough to defeat/degrade any new ideas so as to render him a lame duck from day one.

I hope Congress sees through this attempt at rushing, yet again (Patriot Act déjà vu), an important piece of legislation past us without a chance to carefully inspect the turd we see flying past our eyes. Please represent the American people, and defend our taxpayers from this attempt at hijacking our economy with socialism for the rich - but more foreclosures for the rest of Americans.

I heard some tough questions from members of Congress, and echoes of my own concerns, but can we count on them to go to bat (fall on their sword if necessary) to stop this rush to burden the taxpayers with the results of greed and mistakes by the very same folks who want to ‘manage’ the bailout money. I truly hope so, but only time will tell.

No transfer of power to the Treasury or SEC!

Paulson is lying his ass off to Congress to get this ripoff bailout passed before it can be scrutinized carefully, no way can we give the SecTreas or SEC chair this much power apart from Congress! Especially when they are only helping the rich and passing their greedy mistakes on to we the taxpayer! Have you read "Shock Doctrine" by Naomi Klein? Its's being played out in front of our eyes!!