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.
The
Parting Shot:
3 comments:
Re oil. Being of the premise that commodity prices - oil in particular - do not respond merely to classic supply/demand mechanics... one might want to consider whether the "wash" part of the con is ending and the "rinse" part is about to begin.
Some frackers, notably, seem to have been behaving as if the fix is in, and they know something we don't know.
Re: Perfect Storm (which is weirdly tied to yesterday's brief on the 'flatline economy'.)
The government has been the number one consumer of US output since the nation was founded (often at exorbitant prices.) If you look at student loans as the front end of the 'jobs program' (Remember the Occupy Movement, comprised almost entirely of kids that had spent fortunes obtaining degrees for jobs that didn't exist, which, had anyone been paying attention, is the same as it ever was?)
You'd be given a job as a manager at GE with a degree in 'Art History' back in the seventies, now the competition (The sheer number of MBA's wandering around out there has required your degree to be a bit more relevant to the position you're chasing these days.)
We've seen desert airstrips loaded with 'out-moded' war planes and we heard about the navy dumping tons of surplus hardware into the ocean because it would 'kill the market' (for jobs as well as products) They could literally afford to give the stuff away but charity begins after this life apparently. Let the homeless dumpster dive, then bust them for stealing...
Which would be funny but it happens.
Hold this up next to the electoral circus and ask yourself, "What are we doing?, followed by "Why do we let them get away with this?, are we really THAT STUPID?"
A Saudi Tale: Timeline wise, the real function of Saudi Arabia insisting on retaining it's market share was to make life hard for Iran. The problem with squeezing Iran is they were use to living in the dumps already, where as Saudi Arabia depends on massive bribery to secure the head tribe against all the other tribes that make up this fictional Arab nation.
Students: Perhaps the students were never getting value for money. The morons alumini from my university's business & liberal arts schools badgered for a football team until they got a president who'd give them one, while making himself and his friends a fortune off the sleaze that comes with it. Now they bitch they can't afford to send their kids to their alma mater If the university had done a better job of educating it's alumni, or had been more selective in admissions, then perhaps this would not have come to pass.
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