Thursday, July 16, 2009

SAR #9197

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.


TulsaTime said...

Love the self-regulation comment at top. I saw a quote from Spitzer yesterday in the same line, that we have all the rules and agencies we need, they just have to do their jobs.

I think the CIT thing is gonna be very much bad. Small and medium business is where the real economy is, and making things even worse for them will multiply out.

In the immortal words of BB, what a maroon!

IF said...

The San Joaquin Valley was pretty wet before irrigation. Time to blow up the dams and fill up the canals?

Anonymous said...

The GOP objects to Sotomayor because she isn't a white male.

If they can stuff a middle aged white guy's brain into a black female's body (Condoleeza Rice) they can do the same to a middle aged Latino.

That's my bet at least.

-- aitrader

Bill said...

The Sotomayor pick was 100% political. Obama is nothing more than another political hack. End of story.

Here's some shameful racial condescension for you. It's how many democrats react when minorities have the audacity to drift off the political reservation.

And it's about time that SOMEONE, ANYONE in Washington becoming concerned with fiscal discipline. "Because the Republicans screwed up" is not an excuse to double down on stupidity!

Bill said...

The following is a perfect example as to why this country is about to go off a cliff:

Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money.

“And folks look, AARP knows and the people working here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said at the event on Thursday in Alexandria, Va. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it. It can’t do it financially.”

“We’re going to go bankrupt as a nation,” Biden said.

“Well, people when I say that look at me and say, ‘What are you talking about? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, I’m telling you.”

Morg said...

GM hasn't been a great company for decades. The unions had a lot more to do with that than Chuck Wagoner did. Still, he didn't deserve the money.

On government healthcare. I'd like to see them fix medicare first before they go screw up another part of our economy.