Today's Quiz: The future of the GOP is (a) Michael Steele, (b) Sara Palin, (c) Bobby Jindal, (d) Rush Limbaugh, or (e) Future?
True Love: To re-inflate the overconsumption society, the Fed will
give lend $200 billion to "investors" who pledge accounts receivables on autos, credit cards, lottery tickets and small business loans. The program is designed to "meet the borrowing needs of consumers". Puting the recovery on Visa so we can buy more stuff from China.
Eat Your Broccoli: Israel is going to present Clinton with a list of 'red lines' which the US may not cross in talking to Iran and the Palestinians. Funny, I thought we gave them $3 billion a year.
Gun To Our Heads: Bernanke says that AIG has been, is and will continue to be irresponsible and thus we have no choice but to bail them out again. And again. And then the little twerp said he was angry, too.
Take a Memo: Apparently voting for Bush wasn't such a good idea.
The Quote: "We’re not going to win this war just be staying.... quite frankly, we are not ever going to defeat the insurgency." Canadian Prime Minister Stephen Harper.
You Are Wheat You Eat: 2009 looks to be a humanitarian disaster in much of the world. The countries that make up two thirds of the world’s agricultural output are experiencing drought conditions. Wheat production forecasts are not cheery: Ukraine down 29.7%, Russia down 21.5% (These are two of the very few wheat growing areas not experiencing drought) US down 15% and Canada down 16% (before taking into account the serious drought in both countries), Europe down 7%, UK down 20%.
Crass Warfare: Obama's current economic contortions are not the beginning of class warfare in the US. It is a continuation of Now vs the Future, or more aptly, Baby Boomers vs Everyone Younger.
Hey Ben! Tim! Kuwaiti politicians want the state to give 15 year interest-free loans of $35,000 to every adult citizen and $3,500 to each youngster. Cheaper than bailing out AIG, Citi and BofA.
Just Wondering: Good news for Detroit: American SUVs and Hummers are the wanted toys of young and wealthy Iraqis. Why are there any "young and wealthy Iraqis"?
Baby Steps: We need a rational, factual public discussion of the realities of population growth over the next 40 years, leading to increased awareness and consciousness about sensible voluntary limits to continued population growth. And when that doesn't work, we'll try something a little more direct.
Proof: Research shows that watching TV before the age of 2 has no cognitive benefit for the children, which is the same result that comes from watching TV after the age of 2.
Stimulated: The country tried to spend its way to prosperity for the last 3 decades. Consumer debt is $23,600 per household. The average household carries nearly $8,700 in credit card debt. The Treasury wants to increase that.
Demonstration Project: Demonstrating the protectionist response to economic problems, Ecuador is imposing import restrictions on shampoo from Peru and grapes from Chile. Buy American.
Dry Cleaners: Secretary Clinton says the US will "continue to press for a Palestinian state." By now the idea has been pressed about as flat as it can get.
Porn O'Graph: A surplus of drought.