Self-interest trumps the future. As always.
It's My Party... If the Boss holds a party, only the underlings have to attend. Just ask Blankfein, Mack, and Parsons. And if Obama didn't cry, it's because he doesn't understand just who the boss really is. Ain't this a great country?
Copenhagen Collapse: There is absolutely no way any industrialized nation will take any significant steps to decrease its use of fossil fuels, and no way its citizens would stand for the level of impoverishment that this would entail. Thus the essential hollowness of the Copenhagen meetings. Nothing will get done because nothing can be done.
Shape Shifter: The 'V' shaped recession belonged to W. The 'W' shaped one will belong to O.
Suspicion, Jealousy and Hate: Senator Nelson (D-NE) has joined Smirking Joe Lieberman (Idiot- CT) in backing away from health care reform on the grounds that the current compromise might lead to what the majority of the country wants: universal single-payer health insurance. Such a challenge to the political fund-raising structure cannot be permitted to pass.
Seven Lean Years: To get back to a 5% unemployment rate within 7 years, the US needs to add 300,000 new jobs a month for 84 consecutive months.
Asked and Answered: The price of oil recently rose to $85 a barrel and has now fallen to $70. Is there a message here, one that predicts further slowing of the world's economies? Yes. Did the increase in the price of oil squash the nascent recovery? Possibly. Is there an economic glass ceiling for oil prices at about $85? Sure seems that way.
Call Him in the Morning: Newt Gingrich promises that if America elects a Republican Congress they will repeal whatever progress gets made on the health care front.
Big Shock: The drug trade – the illegal one – is a $350 billion dollar business. The money goes through the banks and may well have kept some afloat during the recent unpleasantness. Why it should come a shock to anyone that the banksters get their taste of that big wad of illicit cash is beyond me. It has been obvious for over 20 years that the proceeds of the illegal drug trade – and that of most other major criminal undertakings – flows through those Too Big Too Fail behemoths on Wall Street. That some banks may have turned to the drug barons for help during rough times is only reasonable.
Land Rush: Every day, Louisiana is losing the equivalent of 30 football fields to rising sea water.
Silence Speaks: Given a second chance to rule that torture violated an individual's fundamental rights, the Supreme Court again stood mute, mirroring the indifference of the American people to the crimes committed in their name.
Dog Bites Man: John McCain has accused Senate Democrats of bowing to Big Pharma in banning the import/re-import of drugs.
Buying Indulgences: The US has offered $85 million dollars over 5 years to spread renewable and non-polluting energy technologies in developing countries. This is conscience money, to permit the US to continue to spew CO2 at will. It comes to six cents per American, per year. Cheap at twice the price. There are individuals on Wall Street whose bonus this year will be more than that.
Oilfield Humor: Iraq says it will have a 12 million barrel a day oil production capacity by 2015, a 10 million barrel a day increase. WMD: Words of Mass Delusion.
Bad Movie: Just because a US default on its debt would trigger a world-wide economic Armageddon doesn't mean it won't happen or that contingency planning for such a distant but real threat is inappropriate.
Castor Oil: A Fox news anchor claims that lowering the minimum wage would create more jobs for more people. After all, it worked in Bangladesh.
Rhetorical Question: Someone – apparently with a straight face – asked if Americans are no longer Rugged Individualists, no longer fight to resist the whittling away of their freedoms, no longer fight their enslavement. Only on television, pal. Only on television. Where would they go to resist? A government approved, barbed-wire enclosed, free speech area? Could they get a Government grant to fund the protest?