Saturday, June 12, 2010

SAR #10163/Weekender

This is the real world, there is no plan.

Profit/Loss Report: The eventual cost of the BP disaster may well exceed $80 billion. Goldman Sachs figures it will cost $40,000 per barrel for clean-up, reparations, compensation for damages, civil and criminal fines and so on.  Already 2,000.000 barrels have gushed out and by August it'll be another 2 million barrels.  Think gasoline at $2.49 a gallon is going to cover that?

Didn't Inhale:  Google now admits it tapped intoWi-Fi networks when it was driving around invading everyone's privacy, but insists it never used the data.

Kidnappping?  The count of “unlawfully detained” prisoners ordered released from Guantanamo by federal judges has reached 36.  A young Yemeni's eight years of incarceration had  “done nothing to make the United States more secure."  Much like the 8 years of war in Afghanistan.

Election Year:  Several Senators have introduced a bill that would extend the home-buyers tax credit until the Senators are re-elected.

Test Results:  What have we, as a nation, as a body politic, learned from the BP disaster in the Gulf?  What have we learned about unfettered and unregulated greed?  Or about the role of government in regulating industries?  Nothing?  Right.  Absolutely nothing . But don't abandon hope; it's a learning experience and the experience is far from over.

Marshall Dillon!  Senator Roger Wicker (R-MS) wants to force Amtrak to permit passengers to carry their weapons on the train.  In case the James gang attacks.

True Lies:  Things you know that aren't true:  1. The housing recession is over.  2. Prices will soon rebound.  3. The worst of the foreclosure mess is behind us . 4. The tax credits saved the housing market.  5. Housing is a good investment.

Teeter-Totter:  The real, industrial based economy is on the brink of another downturn.  The IMF says the global economy is at serious risk, and the central banks are all out of magic potions.  They could borrow some from the folks over at the born-again stock markets.

Hoo-ray!  Republicans in the Senate failed in their bid to keep the EPA from trying to slow global warming.   Why does the GOP view suicide as a good thing?

Nanny State:  Now the Feds are considering a ban on peanuts on the nation's airlines.  One more turn of the screw.  It would be more humane if they simply banned all flying, instead of the constant drip, drip drip of silly and inconvenient and costly safety and security regulations.

Facts Not in Evidence:   The article “Where Will the Good Jobs Come From?” assumes there are going to be “good jobs”.  It'll be like waiting for Godot.

This Just In:  Yesterday we told you BP was trying to hide the evidence of the oil leak's death and destruction.  Now it seems that BP is running roughshod over local authorities, using the FAA to keep reporters’ airplanes from overflying oil-blackened beaches and hiding evidence wherever possible.  Pretending the danger is minimal is also why BP prohibits  cleanup crews from wearing respirators.  What's a little benzene among friends?

Porn O'Graphic:  Welcome to Wal-Mart...

6 comments:

Dink said...

"Much like the 8 years of war in Afghanistan."

"Several Senators have introduced a bill that would extend the home-buyers tax credit until the Senators are re-elected."

"In case the James gang attacks"

"Whats a little Benzene amongst friends?"

Hysterical! I wish it wasn't also all true...

tulsatime said...

I miss the good old days before all BP all the time.

All the gun toting ideas are adding up. Gonna need a National Ammo Plan and Gun Giveaway.

CKMichaelson said...

Yeah, me too, Tulsatime. First I was just watching the subprime stuff and the it was all mortgages all the time, then the bailouts 'round the clock. Now it's BP - but you gotta admire the way the cover so many of the bases: greed, regulatory failure, political influence, environmental degradation, conning the public, co-opting a couple of large governments, paying huge dividends while Rome burns, arrogance, censorship, reality denial...

Yeah, I miss good ole Goldman Sachs.

cmk

Anonymous said...

greed, regulatory failure, political influence, environmental degradation, conning the public, co-opting a couple of large governments, paying huge dividends while Rome burns, arrogance, censorship, reality denial...

Each of the above has existed as long as man has walked the earth. The combination of an increasing population and the internet give the impression that the frequency of each of the above has increased.

I'm not so sure. But blogs like this are nonetheless very entertaining.

CKMichaelson said...

Anony 5.49 I pretty much agree, 'twas ever so. The main difference these days is the internet - it is far harder to hide now than it was in John D.'s day - or back to Florence and Venice...

Curiously, TPTB are very slow to grasp that the information environment has changed for the peons as well as the peers. How often do you wonder how they thought they could get away with... whatever it is.

That's why the Steve Jobs approach to "editorial control" of the internet is (a) a really bad idea and (b) inevitable.

& we aim to please.

ckm

Anonymous said...

TPTB have been and will always be slow to respond because they're... TPTB: arrogant and indestructable (in their minds).

Your Jobs observation is spot on. He's a primary example of TPTB arrogance. I like him and the Google folks less with each passing day.