Thursday, February 4, 2016
Perfect Storm: Only 52% of college students know how much college costs. Many do not even know how much they already owe, only 8% know how much interest they're being charges and just 6% have even a vague idea how long it will take them to pay it back. And they most decidedly do not know what the government can and will do to get back every penny. And we've let them have $1.3 trillion, so far.
Michigained: In 4Q2015, half of all the money raked in by Michigan Republicans came from a single extended family. Wish my family owned a state.
Say Goodnight, Gracie: The president of the Kurdistan Regional Government is calling for an immediate referendum in Iraqi Kurdistan to decide if the Kurds should take their oil and go home. He didn't say which oil companies would be financing the referendum.
Odds Oddity: Donald Trump's 31% of the vote in the polls became just 24% in the actual voting. No, he didn't slip 7% - his support collapsed by 22%. That is a record drop. What a loser.
Resurrection: Based on a third-place finish in Iowa's corn fields, Marco Rubio is suddenly promoted to first place by the GOP ruling elite. The fact that the people don't want him doesn't bother the leadership any more than Bernie's supporters give pause to the DNC leadership. Ah, democracy.
End-Around: The Rams have left St. Louis. They left St. Louis holding the bag on $144 millin in debt and maintenance costs on the former football stadium that now morphs into the largest tractor-pull venue in the mid-west. The taxpayers got screwed. They always do when the politicians pass the hat for professional sports franchise owners.
Deja Vuing: The House Freedom Caucus – the right wing nuts that forced John Boehner into retirement – is getting restive because they will strongly oppose the 2017 spending plan unless they get to cut tens of billions out of the existing agreement with the Democrats. Speaker Ryan is just delighted.
Musical Chairs: What if the Saudi assumption that it can outlast the shale-fracking US upstarts is false? Sure, they have initiated the financial starvation of their designated scapegoats, but in doing so they have suddenly realized that starving the frackers ends up starving themselves, too. What happens when OPEC's citizenry discovers the pantry is bare?
Recovery: One in seven Americans still rely on food stamps. Go out on the porch and count three houses in either direction.
They All Get Better Looking At Closing Time: The White House is threatening Congress that they had better not delay approving the TPP or they'll miss out on helping him screw the people who elected him.
Porn O'Graph: Visualization exercise.
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 8:04 AM