Friday, January 15, 2016
There is a difference between being persistent and being stubborn.
Debatable: Was the winner of the GOP debate the candidate who told the most lies, the boldest lies, or the most effective ones? Which was more important, lying about yourself or the competition?
The Slow Bern: Bernie is 14 points ahead of Hillary in NH. He's also picked up an endorsement from The Nation and the support of over 3,000 Democratic caucus operatives in Iowa. That may be why why the Clinton machine is spreading lies and innuendo about Sanders' promise to enact a single payer Medicare for All system. Maybe Hillary's so upset because the health care industry paid her nearly $3 million in the last 2 years to make sure nothing upsets their lucrative business.
Faint Praise: “Key indicators monitored by the NBER’s Business Cycle Dating Committee [the folks who will tell us we're in a recession about nine months after we're in a recession] do not suggest we are in a recession currently, save industrial production.” Ah, what's industrial production got to do with an economy? If we are in a recession, let's blame it on the Chinese.
Rhetorical Question: Are Iraq and the Kurds going broke? First, Iraq and 'the Kurds' are not countries. And yes, both are going broke – despite all the democracy spending the US has done in the area. Constant warfare takes a lot of money.
Alternate Reading: That President Obama offered to loan Joe Biden the money to help pay for the cancer treatments Joe's son needed so that the Biden home would not have to be sold speaks highly of Mr. Obama. That the Vice President of the US would have to sell or mortgage his home to pay for healthcare says a great deal about these United States, too.
Morally Upright: Seem's Ted Cruz borrowed over a million bucks from Goldman Sachs during his 2012 Senate campaign and failed to report the loan (investment?) on his campaign finance reports. But it was just “an inadvertent filing” error. Nothing to be seen. Let's
pray on it.
Comes The Dawn: Someone besides me has stumbled onto the basic problem with the neolibearal approach to capitalism. If you look to increase your profits by reducing your employment costs, say by shipping factories overseas, and maintain your sales by extending easy credit to your customers, don't come crying to me when your customers – those folks who used to work for you – run out of credit and can no longer buy the crap you are making in China or Indonesia, and your stocks begin to fall. Like all free lunches, it turns out not to be free. Corporate profits keep collapsing, with 4Q2015 reports to be the worst since 2009. US Corporate defaults are at their highest since 2009 and – according to the less than impartial S&P - “the outlook for corporate borrowers worldwide is the worst since the global financial crisis”. Party on.
Blowing Smoke: A major UK study of the effects of marijuana found that it does not reduce the IQ of teens who use it. That it dumbs down elected officials has long been obvious.
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:43 AM