Our Leaders: Republican Eric Cantor, the House Majority Leader, refused to criticize Michelle Bachmann claiming that Hillary Clinton’s deputy chief of staff was a terrorist who had infiltrated the US government on behalf of radical Islamists. “I’ve always said we need to be a party of inclusion not exclusion,” Cantor explained. “
We need to include all the paranoid nuts and certifiable idiots."
Poll Taxes: If in order to vote you are required to have a PennDOT ID and they charge $13.50 for the ID card, is this not a poll tax and are such taxes not forbidden?
Profits And Losses: During the Fukushima melt-down, a TEPCO subcontractor supplied its workers with dosimeters to monitor their radiation exposure, and – to prevent damage to them – encased them in protective lead sleeves. It was a safety measure – intended to save the company money while literally risking the lives of their employees. No, I don't know why I thought this was news.
Low Hurdle: US GDP growth in the second quarter slowed to 1.5%, beating expectations. And that's the good news.
Waiting, Waiting... A lot of politicians (and their pet economists and bloggers) warn that if the federal government keeps racking up deficits, inflation if not hyperinflation will crawl out from under the bed and eat the children. Yet the markets keep driving down the interest rates on government bonds. So what's going on? Deleveraging. Maybe the wise men don't have any pants on.
Act Surprised: The ECB (and other public creditors) may have to accept losses on the Greek debt they hold. May? Is reality just setting in?
Good Question: What sort of recoveryTM is housing having when it is taking builders a median eight months to find a buyer for their completed houses?
Quoted: “You can't have capitalism if the capital markets are dead.” David Stockman
Eurothanasia? If the euro is doomed, why not get it over with? What's the advantage – and to whom – that accrues from dragging it out? The people will suffer while the rich plunder the ruins, no matter if the euro zone falls apart this weekend of on some random date in the future.
Bio-terror: The US devotes 40% of its corn crop to ethanol production, feeding cars not people.
The Iron, Being Hot: Where did all these people saying we shouldn't consider banning automatic weapons now leave their brains. When better to talk about the godawful carnage committed with automatic weapons if not now, now while the blood is still wet, now while we're still revolted by the damage they allow a crazy person to do? “We should not be willing to be so passive in the face of what is obviously a fucked up system.” This was not an act of nature and God will not be mad at us if we do something about it. More likely the reverse.
It's Not Just Me: Most people waiting up to 10 years to buy a new car. Well, in my case it's more than 10 years. Way more.
The Parting Shot:
Taking it easy.