Thursday, July 16, 2009
Self-regulation will work no better with financiers
than it has with teenagers.
Clarification: Cheney's secret CIA project was simply to send hit squads around the world putting 'bullets in heads’. Like the Predator drone project, only up close and personal. The claim is that "the plan was never carried out." What sort of odds do you give me on that, Pinocchio?
Molasses in January: The Federal Reserve reports a record 13.6% y/y decline in industrial output last month. Business is slow.
Blue Dog Math: A bunch of Democrats - who would really like to be Republicans - object to the health care bill because we can't afford it. The cost to cover 97% of the population might be a $100 billion a year range. The Bush tax cuts cost $1.8 trillion over a decade. Easy come, easy go.
Tea Leaves: Joining the Baltic Dry Index and Connex usage reports are tallies of Railcar Loadings - which also continue to decline, down 22% y/y.
Back to Nature: The San Joaquin Valley's irrigated fields do not grow much without the irrigation. Owing to the drought, half a million acres now lay fallow and thousands of farmhands have lost their paltry incomes - in a state with no money to help them.
Take That! The US Navy has deployed a destroyer off the Georgian coast for naval "exercises", if putting your thumb on your nose and going Nahhhh! towards Russia can be called an exercise.
Let them that don't want none have memories of not having had any: The Secretaries of Health, Transportation, Interior and Agriculture have sent letters to Arizona's governor explaining that if Arizona, in the person of the GOPs #2 Senator John Kyl, don't want any stimulus funds, well, they don't have to take any.
How Many Times? The Dems accepted 160 GOP amendments to the health care bill. In return they got zero votes from the other side of the aisle. "Slow learners" does not begin to cover it.
Not Your Father's Racism: The GOP objects to Sotomayor because she isn't a white male.
Good Hands: Banks may impose a $35 fee for using your debit card's "overdraft" feature. If you go over by $5 it will cost you $35 - if you make it good within a month. That's 700% interest in a month. Good thing Americans can't do math.
No Shame, #734 : Exiled GM CEO Wagoner, having run one of America's greatest companies into the ground is walking away with medical insurance, lifetime salary, various other little goodies totaly $8.2 million, Which is $8,000,000 more than most of the departed UAW workers are getting.
Posted by Charles Kingsley Michaelson, III at 7:45 AM