Tuesday, February 9, 2016
There’s no understanding without understanding history.
Quoted: “The system is rigged against you by the big banks, and both parties are in the thrall of the big banks. Anybody who takes money from Goldman Sachs couldn’t possibly be president.” Bill Clinton. All in favor say “Bernie!”
Until Debt Do Depart: The lackluster economy is quite possibly attributable to the abrupt decline in the growth of debt in this country. From 1955 to 1975, credit grew at 8.7% per year, from then to 2008, it grew at 8% annually. Since then it has increased at a measly 1.5% per year.
Say Goodnight, Gracie: “I’m still very cautious about claims that inequality is bad for growth.” Paul Krugman
Walking Back the Cats: Hillary has explained that when her supporters said that Sander's female supporters will rot in hell and that his younger female supporters are just trying to get laid were simply “light-hearted but pointed remarks”, and nothing new.
Friends: “During the financial crisis, Congress bailed out the big banks with hundreds of billions of dollars in taxpayer money; and ... the biggest money for the biggest banks was never voted on by Congress. … The Fed provided over $13 trillion in emergency lending to just a handful of large financial institutions. .... Nearly all the money went to too-big-to-fail institutions. For example, the Fed put out $9 trillion and over two-thirds of the money went to just three institutions: Citigroup, Morgan Stanley and Merrill Lynch.”
One Down: A naked black man in Austin, TX charged at a police officer, who promptly shot and killed him for fear he might have a concealed weapon.
Caption: “I understand why we’ve got a race on our hands, because a lot of people are disillusioned with the system and a lot of young people want to take it down. … I understand what it’s like for people who haven’t had a raise in eight years. There are a lot of reasons [to be angry]. But this is not a cartoon. This is real life.” Or so Bill said, as part of the Clinton attack on Bernie Sanders' supporters.
Cruising For A Bruising: A lesson in the weakness of man and the power of nature was visited on 4,000 passengers on the Anthem of the Seas when Royal Caribbean's weakness – its focus on profits – led the ship into a storm carrying 100-mile an hour winds and 40 foot waves.
Bedroom Patrol: The Republican controlled Michigan Senate has passed a bill making anal sex a felony punishable by 15 years in prison. Separately, one assumes. The Republicans rather quaintly think this will only apply to homosexual men.
Porn O'Graph: Bernie's bunch.
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:49 AM