Ten Years Of Hell

Read this from Nieman Watchdog.

Despite catastrophic events, it is folly to expect the suffering of millions and an onslaught of inconsistent facts to wipe out an economic theory whose tenets were and still are so convenient for so many powerful economic interests. At present the defenders of the efficient market hypothesis are engaged in trying to pin the cause of the financial crisis on the government. (If the financial crisis was the result of government policies, then one could still plausibly claim the market to be rational, efficient, etc.) Their targets include the mortgage practices of the quasi-government lenders, Fannie Mae and Freddie Mac, the Community Reinvestment Act of 1977, the low interest rates of the Federal Reserve, and a pessimistic speech by President George W. Bush. The problem with this “blame-the-government” approach is the disproportion between these purported causes and economic effects. As Paul Krugman noted,

“[N]one of the proposed evil deeds of policy makers were remotely large enough to cause problems of this magnitude unless markets vastly overreacted. That is, you have to start by assuming wildly dysfunctional markets before you can blame the government for the crisis; and if markets are that dysfunctional, who needs the government to create a mess?”

The Wisdom Of Ron Paul(?)

The guy's mostly a nutball, but hey - even a blind hog roots up an acorn once in a while.

Healthcare Reform Summit

I didn't watch it on C-SPAN because I'm trying to be a little less obsessed with this shit, but of course, I caught a couple of reports on NPR and MSNBC in which (again, of course) the reporters drew false equivalencies, saying both Obama and Alexander "essentially had their facts right" when they made claims about what the CBO predicts concerning insurance premiums.  Claims that can't be more opposite from one another.

What the fuck?  Oh yeah - it's in the best interests of our Media Poodles to keep the fires stoked.  Controversy is important when the real point of the exercise is to sell ad time.

Bend Over And Grease Up

Blackwater and Cartman-gate.

There's a National Security Consortium hard at work, trying to make sure the spigot of tax dollars is never closed.  The DoD and Contractors and Congress Critters are the main players, but even in the kind of corrupt system that's evolved in the USA over the last 50 years - under which actual people are the last to be considered - we The People still have to take some responsibility for the corruption itself.  We can also stand up and call these assholes out.

Dems:

Norman D. Dicks (WA)
Peter J. Visclosky (IN)
James P. Moran (VA)
Marcy Kaptur (OH)
Allen Boyd (FL)
Steven R. Rothman (NJ)
Sanford D. Bishop, Jr. (GA)
Maurice D. Hinchey (NY)
Carolyn C. Kilpratrick (MI)
David R. Obey (WI), Ex Officio

Repubs:

C.W. Bill Young (FL)
Rodney P. Frelinghuysen (NJ)
Todd Tiahrt (KS)
Jack Kingston (GA)
Kay Granger (TX)
Harold Rogers (KY)
Jerry Lewis (CA), Ex Officio

Paul Juola, Subcommittee Clerk
Room H-149 The Capitol
Washington, DC 20515
Phone: (202) 225-2847

Today's T-Shirt

Word O' The Day

stealth abs

When your ripped six pack is covered by a thick layer of fat.

"This isn't a beer belly, it's my stealth abs. I just needed to avoid attracting too many ladies with my well defined stomach."

Sense Of Direction

Finding your way around a new place can be confusing and difficult. Here's some helpful advice offered recently in Vancouver by a local who was trying to help an American visitor.

"If you're seeing mountains, you're facing North. If your feet are wet, you're in the ocean and that`s West. If you've just had your car stolen, you're in Surrey, to the East. But if you see people without healthcare, waving handguns... you're back in the States."

Low Grade Corruption

Marco Rubio is among the new crop of Repub darlings, and he's pretty much all set to stomp Charlie Crist in the primary for Florida's senate race.  But now it's come out that Rubio used his GOP-issued credit card to pay for groceries and car repairs and a bunch of other personal expenses when he was Speaker of the  House in Florida's legislature.

Here's a quickie at TPM.com.

Of course, Rubio denounced the revelation as a desperate act of his political opponent, in that tried-n-true tactic of attacking the attacker - if you make a bold enough statement about what a dirty trick it was to reveal your corruption, then people will be likely to remember that part of the episode more than the feeble bullshit you sling trying to explain your actions.

Now really, we're talking about less than $14,000 over 4 years time.  Not a huge thing, but there're a couple of things about it that bug the crap outa me.

1) It's just too typical for a politician to feel entitled to spend other people's money on perks for himself.

2) $14,000 divided by 4 years = $3500 per year.  Did Rubio declare that money as income on his tax returns?

Grayson Stands His Ground

I haven't decided yet if Alan Grayson is really onto something, or if he's just another doofus with too much money.  Anyway, at least he seems to be saying what's on his mind and letting the chips fall.

It's interesting to hear about his brush with Blackwater, and then hear that he still thinks they're a bunch of dangerous buttheads.

Here's the story at TPM.com.

But I was thinkin' - remember back when the only people who had private armies were the bad guys in the Bond movies?  Just sayin'.

We Are So Fucked

And here's some graphical representation of the concept (hat tip to Brother John).