Just sitting around by myself on Christmas Eve missing Nova Scotia so I loaded up my collection of Stan Rogers and Matt Minglewood music in Winamp.
Somehow it helps.... of course it also makes me cry but hey .. isnt that what being away from home is for... making you appreciate it?
So without further ado .. here is Stan. If you are away from home for Christmas and this song doesn't make you cry then you have a heart of stone
And just to be complete ... here is one of Matt's most (to me) tear jerking songs
So to all of you that are away from home this holiday season or if you have loved ones that are away ...these songs are for you. Go ahead and have a good cry ... it is good for you :-)
Merry Christmas from my cats and I.
Some folks seem to think I occasionally have interesting things to say. I don't always agree.
Wednesday, December 24, 2008
I have no words ...
Via pandagon.net comes a bit of stupidity from Dennis Prager that basically says that a wife should never "say no" to sex with her husband. It will come as no surprise to most that, as Jesse reports ...
Dennis Prager is divorced.
Saturday, December 20, 2008
Commercial Real Estate walkaways
Calculated Risk: CRE Owner "Walking Away"
As I've noted before, CRE owners are much more willing to just walk away than residential owners.I think that this is a huge problem awaiting us in 2009/2010. The company that I work for just sold off 3 buildings for about $26 million and leased 2 of them back. It will be interesting to see how long the 3rd building will stay empty.
humour?
U.S. Says It Will Bail Out Christmas - WSJ.com
The sad thing about this is that judging from the empty malls this is not too far from reality.
(h/t to angry bear)
With the government on the brink of rescuing the U.S. auto industry, we have learned that the Treasury Department is drawing up plans to bail out Christmas. "We have reason to believe," said a person close to the matter, "that without an immediate capital injection, Santa Claus will fail before December 24." Mr. Claus could not be reached for comment.
The sad thing about this is that judging from the empty malls this is not too far from reality.
(h/t to angry bear)
Friday, December 19, 2008
It isnt everyday I agree with Megan McArdle
Sheer genius - Megan McArdle
But I have to agree that this is just fucking brilliant.
Credit Suisse is paying its top executives in illiquid mortgage-backed securities. I've no doubt that someone, somewhere, will find a way to complain that it's not fair, but it strikes me as a very good idea. If the things really are any good, they make money; if not, they take a bath along with the rest of us.
But I have to agree that this is just fucking brilliant.
Monday, December 8, 2008
Thus speaks Ed Brayton
Dispatches from the Culture Wars: Malkin on Obama's Birth Certificate
When Michelle Malkin is the voice of reason talking you down, you are so far out on the lunatic fringe that you've built a condo out there.Kind of sums things up for me
Saturday, December 6, 2008
Democracy in action?
via Eschaton
On a more serious note, it shows what a gutless coward the GG of Canada is. Anyone that wants to see how a real GG acts should read up on the King-Byng Affair
OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper won a rare suspension of Parliament on Thursday, managing to avoid being ousted by opposition parties angry over the minority Conservative government's economic plans and an attempt to cut off party financing.Bush must envy Harper about now.
Governor General Michaelle Jean -- the representative of Queen Elizabeth, Canada's head of state -- agreed to Harper's request to shut down Parliament until Jan 26. Parliament was reconvened just weeks ago after the October 14 election.
Harper's request for suspension was unprecedented. No prime minister had asked for Parliament to be suspended to avoid a confidence vote in the House of Commons.
On a more serious note, it shows what a gutless coward the GG of Canada is. Anyone that wants to see how a real GG acts should read up on the King-Byng Affair
numbers numbers numbers
Eschaton
533K jobs lost in November. Unemployment up to 6.7%.So by my math that is 403,000 + 320,000 + 533,000 =1,256,000 job losses in the last 3 months. Pretty impressive failure even by Bush administration standards.
...even worse. October numbers revised downwards to -320K down from -240K. September numbers revised downwards to -403K from -159K.
ouch.
Atrios saith ...
Eschaton
But I've long though that Bush was the type of person who who would pour a can of gasoline and flick a match at it on his last walk out of the White House.I find it very hard to disagree with this assessment.
Astonishing self justifications from AIG
Daily Kos: AIG 'retention' and 'cash awards' draw ire, explanations
The blockquoted stuff is a combination of dailykos and this bloomberg article. My comments are interspersed, I am sure that you will be able to figure them out.
These are the same terms (except for the $1 salary bit) that applies to every current employee of my company and we only lost $5,000,000 last quarter .. not hundreds of billions.
so ... cry me a fucking river that they are sacrificing anything.
The self justification of the financial ruling class in this country is beyond parody. How the fuck could someone sane come up with the load of steaming horseshit and think that anyone was going to take them seriously. Which actually leads me into a theory that I have had for a while about CEOs of major corporations. I think that you have to be a sociopath to do the job. No, seriously I do.
I am not talking about the companies that are worth a few hundred million dollars and employ a couple of thousand people. I mean the giant companies .. the ones with market caps in the tens of billions of dollars. This is the only explanation I can come up with for the constant flow of bullshit that there is only a limited number of people that can do the jobs. Well, there really arent that many sociopaths in the country now are there .... hmmmmmm
The blockquoted stuff is a combination of dailykos and this bloomberg article. My comments are interspersed, I am sure that you will be able to figure them out.
In response to Cummings' letter, AIG's Liddy responded with a letter of his own (full PDF available). Broken down point by point, the AIG's justifications and details for "retention" and "cash awards" are as follows:The value of the top leaders in AIG is in their ability to extort money from the American taxpayer. I always thought that it would be the basis for a RICO indictment rather than a reason to retain these boobs.
1. Because part of the plan is to repay taxpayers by selling some of the individual businesses under the AIG umbrella, "key employees" must be retained to ensure higher value and thus a higher selling price. Competitors are circling to "siphon off" talent.
We would be doing a disservice to the taxpayer – and would place AIG’s asset divestiture plan at risk – if we did not act decisively to ensure that our key employees remain with the company. Our competitors understand how valuable our top executives are, and we are acutely aware that they would like to siphon off our most talented leaders. Additionally, the leadership of our key employees is an important component of the value of the business we are selling. To allow our competitors to more easily recruit our best people would result in significantly less proceeds from asset sales, and less money available to repay our obligations to the government.
See point #1. The ratings agencies are complicit in the shitpile coming about in the first fucking place so in my eyes you have more evidence of a conspiracy to commit fraud... RICO strikes again.
2. If we lose our "key employees," our credit ratings will suffer, which will ultimately affect our ability to repay taxpayers.
A key to the successful execution of our restructuring plan is the maintenance of our current credit ratings. While many of our ratings were recently affirmed, most of them remain on "watch." According to S&P: "The ratings on AIG and its property/casualty subsidiaries remain on CreditWatch with negative implications. We expect to resolve the CreditWatch status of these ratings in 2009, when we will likely get a better picture of the company’s efforts to price and retain its business. Standard & Poor’s expects some loss of business lines and personnel. If those losses are significant and threaten future business prospects, we could lower the ratings further. However, if such potential declines were modest, we could affirm the ratings." AIG’s credit rating, and therefore our ability to repay the taxpayers, is inextricably linked to our success in retaining critical employees.
Then let's have a list of the reinsurers that are making these demands, a list of the key employees that they think need to be retained and a detailed explanation of why each of the employees should be retained.
3. Reinsurers are requiring us to retain "critical employees" and will cancel our contracts if they leave.
Recently, some reinsurers have begun requesting provisions which would allow them to cancel reinsurance contracts upon the departure of critical AIG employees. Having appropriate reinsurance coverage in place is essential to the risk control for AIG’s operations. Without appropriate reinsurance cover, the magnitude of losses on catastrophic events would seriously injure the financial strength of the company. In addition, AIG plays a vital role in providing risk coverage to many institutions around the world. AIG’s risk appetite would be severely impacted without appropriate reinsurance.
4. AIG filed specifics on the payments with the SEC, and here are some of the details::Then let's see the list and the details of the payments and the exact reasoning for each person being on the list. I am too pissed to go look at the edgar site to see if i can find this but if anyone has a link I will be happy to post it.
Directors approved retention payments for 168 employees – which included approximately 130 employees, plus an additional 38 who were subsequently added based on authority granted by the Committee. These individuals were selected to participate based on their individual performance, the importance of their position to the organization, key client relationships that are crucial to retaining our client base, potential for organizational advancement, degree of position difficulty, degree of flight risk, and their ability to recruit others if they were to depart.
Specifically, 13 of the employees who are receiving retention payments have agreed to delay receipt of the first part of this payment until April of 2009. These 13 individuals are executive officers of the company. The agreement by these 13 executives was an important element in the Treasury Department’s latest agreement with AIG. The timetable for these payments is designed to keep our employees onboard during this critical period.
The base salaries for those involved in these retention payments range from $160,000 per year to $1,000,000 per year, and the retention awards range from $92,500 to $4,000,000. These retention payments will be made in two installments over a 12 month period.
5. The employees who qualified for these payments are highly specialized and cannot easily be replaced.Considering this group just fucked away somewhere between 100 and 200 billion dollars I think that a trained chimp would be unlikely to perform worse. Even better ... my salary is less than anyone on the list. I hereby volunteer to take the place of anyone on the list for the lowest salary on the list and a bonus upon successful completion of one year service (meaning I am not fired for being completely useless) of $200,000. Yes, I am serious!
These employees are highly specialized and/or are part of businesses that control billions of dollars of revenue and value that will be needed to repay the U.S. taxpayer. Their years of experience with the company and understanding of the vast marketplace makes them critical to our success going forward. In fact, AIG’s compensation levels for key positions are already below companies of smaller size and less complexity.
6. The top executives are sacrificing. Here are the details:
I [CEO Liddy] will receive an annual base salary of $1 for 2008 and 2009. My basic compensation will consist entirely of equity grants and I will not receive an annual bonus in those years, although I will be eligible for a special bonus for extraordinary performance payable in 2010. I am also not eligible for severance payments.
Paula Rosput Reynolds, Vice Chairman and Chief Restructuring Officer, who joined AIG in October, will receive no salary or bonus in 2008. In 2009 and beyond, other than her base salary, any other compensation she receives will be tied directly to the progress of the restructuring efforts.
The other five members of AIG’s top-seven-officer Leadership Group will not receive annual bonuses for 2008 or salary increases through 2009. Executive Vice President of Retirement Services Jay Wintrob and Executive Vice President and Chief Financial Officer David Herzog are included in this group. Also, David Herzog did not accept a raise when he became the company’s Chief Financial Officer. In addition, this group has agreed to defer retention payments that were due to them in December, and they also agreed that they would not be eligible for both unpaid retention and severance payments. The Leadership Group, and an additional 10 executive officers, have also agreed to defer their retention payments due to them in December 2008 and also agreed they would not be eligible for both unpaid retention and severance payments.
There will be no salary increases through 2009 for approximately 40 other top executives who are part of this retention pool.
These are the same terms (except for the $1 salary bit) that applies to every current employee of my company and we only lost $5,000,000 last quarter .. not hundreds of billions.
so ... cry me a fucking river that they are sacrificing anything.
The self justification of the financial ruling class in this country is beyond parody. How the fuck could someone sane come up with the load of steaming horseshit and think that anyone was going to take them seriously. Which actually leads me into a theory that I have had for a while about CEOs of major corporations. I think that you have to be a sociopath to do the job. No, seriously I do.
I am not talking about the companies that are worth a few hundred million dollars and employ a couple of thousand people. I mean the giant companies .. the ones with market caps in the tens of billions of dollars. This is the only explanation I can come up with for the constant flow of bullshit that there is only a limited number of people that can do the jobs. Well, there really arent that many sociopaths in the country now are there .... hmmmmmm
Sunday, November 30, 2008
Tanta:The Compleat UberNerd
Calculated Risk: The Compleat UberNerd
This is some of the best writing on mortgage finance that you will ever read. So go read it.
This is some of the best writing on mortgage finance that you will ever read. So go read it.
Surprised?
naked capitalism: AIG Plans to Pay Retention Bonuses to Executives
Maybe I am getting cynical but this really didnt shock me in the slightest.
How can you give cash compensation to an executive, yet claim it is not a salary or bonus? You call it a "retention bonus," No, I am not making this up.
Note that AIG chose to make this disclosure the day before Thanksgiving, clearly choosing a time when it would attract the least notice. Not that it really matters. The talk about restricting executive compensation to bailout recipients has been just that, talk.
Maybe I am getting cynical but this really didnt shock me in the slightest.
RIP Tanta
Calculated Risk: Sad News: Tanta Passes Away
This blogosphere thing sure is strange. I only knew Tanta from her writings but hearing tonight that she is gone made me cry.
This is a very sad day and I know many of you are in shock. Tanta was our teacher. She generously shared her knowledge with all of us. I doubt she knew how many lives she touched; her insights, spirit and passion lives on in her writings – and in all of you.
This blogosphere thing sure is strange. I only knew Tanta from her writings but hearing tonight that she is gone made me cry.
Monday, November 24, 2008
Monday Night Cat Blogging
One of my cats was an honest to FSM show kitten. Her full designation is CH Verismo Miss Dexter (search down the page for her name and some very cute pics) which means that yes ... she was a champion.
This does not mean that she is a smart cat ...
Last night she spent 20 minutes watching the drain in my kitchen sink intrigued by the noises that were coming from it due to the fact that my dishwasher was running. Then she spent a further 20 minutes watching the drain after the dishwasher finished ... apparently waiting for something else to happen.
And yes, as a friend of mine pointed out ... I sat there and watched her the whole time.
hmmmm ... maybe I am not that bright either
Copyright on the above picture belongs to Susan Odom, proprietor of Verismo Cat ... In my opinion the breeder of the most gorgeous Maine Coon Cats on the planet... of course the fact that I own 3 of her cats doesnt colour my opinion at all. I highly recommend Maine Coons as pets and while I don't think that Susan has any kittens at the moment, it is well worth getting on her mailing list as she has great contacts with some other breeders.
This does not mean that she is a smart cat ...
Last night she spent 20 minutes watching the drain in my kitchen sink intrigued by the noises that were coming from it due to the fact that my dishwasher was running. Then she spent a further 20 minutes watching the drain after the dishwasher finished ... apparently waiting for something else to happen.
And yes, as a friend of mine pointed out ... I sat there and watched her the whole time.
hmmmm ... maybe I am not that bright either
Copyright on the above picture belongs to Susan Odom, proprietor of Verismo Cat ... In my opinion the breeder of the most gorgeous Maine Coon Cats on the planet... of course the fact that I own 3 of her cats doesnt colour my opinion at all. I highly recommend Maine Coons as pets and while I don't think that Susan has any kittens at the moment, it is well worth getting on her mailing list as she has great contacts with some other breeders.
Saturday, November 8, 2008
David Brooks, still an idiot
In this piece of shit of a column in Friday's NYTimes. David Brooks deposits the following turd on the public porch.
In other words he wants Obama to be a moderate Republican. To which I have only two words to offer.
Fuck You
Yes, thank you. I do feel better now.
h/t to Digby
They will actually believe in that stuff Obama says about postpartisan politics. That means there won’t just be a few token liberal Republicans in marginal jobs. There will be people like Robert Gates at Defense and Ray LaHood, Stuart Butler, Diane Ravitch, Douglas Holtz-Eakin and Jim Talent at other important jobs.
The Obama administration of my dreams will insist that Congressional Democrats reinstate bipartisan conference committees. They’ll invite G.O.P. leaders to the White House for real meetings and then re-invite them, even if they give hostile press conferences on the White House driveway.
In other words he wants Obama to be a moderate Republican. To which I have only two words to offer.
Fuck You
Yes, thank you. I do feel better now.
h/t to Digby
Someone is confused about how gene expression works.
Christian forum - Scared to death.
I would like to suggest that the author of this comment please take a peek at this site before they share any more of their scientific wisdom with the world.
I would explain a little science. (very general mind you)
Some of who we are comes from Genes and heredity. However some genes develop from memories. People who have negative memories when they are younger of abusive fathers are more likely to turn gay as these genes are turned on by bad memories. People who associate with chronic liars are exposed to lieing and genes may turn on to make them prone to lieing. In the same way if a person is loved they will develop memory Genes that will develop and make them prone to be a loving person.
I would like to suggest that the author of this comment please take a peek at this site before they share any more of their scientific wisdom with the world.
Logical Fallacies ... a sure to be continuing series
STR † THE FREEDOM BLOG » Why do Atheists Hate Jesus?
Hallquist claims that he is using “Logic” and “Science” to disprove God’s inerrant book, The Holy Bible, however where does he think that Logic comes from? Logic and reason only exist because they are gifts from God, and any attempt to rationalize a universe which is not ordained by Jesus is ultimately self-defeating: It says so in the Bible.This is what we call circular reasoning. Something is true because well .. it says that it is true. If this kind of thinking doesn't make your head hurt then i suggest that you try reading this book
Who would have thought
That drinking 10 of these in an evening would give one only a slight hangover. And low calorie too...
Neat Little Chip
Propeller General Information
I think that I am going to have to get one of these critters and see what I can do with it.
The Propeller chip makes it easy to rapidly develop embedded applications. Its eight processors (cogs) can operate simultaneously, either independently or cooperatively, sharing common resources through a central hub. The developer has full control over how and when each cog is employed; there is no compiler-driven or operating system-driven splitting of tasks among multiple cogs. A shared system clock keeps each cog on the same time reference, allowing for true deterministic timing and synchronization. Two programming languages are available: the easy-to-learn high-level Spin, and Propeller Assembly which can execute at up to 160 MIPS (20 MIPS per cog).
The Propeller is a good choice over other microcontrollers when a low system part count is desirable due to its ability to provide direct video output and an easy interface to external peripherals such as keyboard, mouse and VGA monitor. Pre-written objects to support many types of hardware also make it an attractive option. All of this plus low cost and a powerful, yet easy language are hard to beat in a world where microcontrollers come in so many flavors that it’s hard to make a choice. The Propeller really is an easy choice.
I think that I am going to have to get one of these critters and see what I can do with it.
Performance Reviews are useless
Get Rid of the Performance Review! - WSJ.com
And that is just the beginning line.
I have always had a hard time with performance reviews, having been on both sides of the table in them. This article really does a good job of talking to what a lot of my problems with the concept are. Go read it.
It destroys morale, kills teamwork and hurts the bottom line. And that's just for starters.
And that is just the beginning line.
I have always had a hard time with performance reviews, having been on both sides of the table in them. This article really does a good job of talking to what a lot of my problems with the concept are. Go read it.
A Personal Note
My company was forced to lay off a lot of good people yesterday. Fortunately I was not one of them.
I do have this to say to the assholes that fucked up the credit markets and are responsible for the economic conditions that made this necessary.
FUCK YOU!
yes, I do feel better now as a matter of fact.
I do have this to say to the assholes that fucked up the credit markets and are responsible for the economic conditions that made this necessary.
FUCK YOU!
yes, I do feel better now as a matter of fact.
Headline of the day...
Bill Salus
Israel Destroys Damascus, Then Russia InvadesAt least in the fantasy world that the folks at Rapture Ready inhabit. In our world that seems a bit unlikely.
More comedy Gold from Wingnut Daily
I'm changing as fast as I can!
The stupid is burning bright
# Prepare to hunker down. Interpret this as you will.just make sure that you change your sheets after you wet the bed
# If you have any, hide your money – otherwise it will be spread around. The best way to spread your own wealth on your own terms is to hire people to work for you. But of course, you knew that already.As opposed to it being spread around right now to bail out the bullshit artists on Wall Street?
# Take your kids out of public school. Schools are going to become nothing but Marxist pressure cookers. They're already socialist indoctrination centers. Have you any idea what they're teaching in kindergarten these days, much less high school? Better find out.I actually agree with the last sentences here ... if you are a parent it is your responsibility to find out what and how your kids are being taught. Oddly though I do not think that we have to worry about the hammer and sickle flying over our schools anytime soon.
# If you're Joe the Plumber, hide. Quickly. Otherwise your life for the next four years will be a living hell. Obama supporters have demonstrated they like to retaliate, so you're not safe.This guy's 15 mins of fame are over.. no one cares.
# Buy guns and ammunition. Especially ammunition. The tools necessary for self-defense and to keep our government under at least a modicum of control are going to quickly become unavailable. Perhaps not banned outright – that would cause riots – but the taxes on these tools of self-reliance will be raised so high that the effect will be the same.I don't know about you but this sounds a lot like a call to armed insurrection and if I recall correctly that is sedition and if I recall correctly that is a capital crime... Just saying ...
# Don't surrender to guilt. Opposing the new world order coming your way is not selfish. The "best interests of all" are code words for state slavery. "From each according to his abilities, to each according to his needs" is the death of liberty and the definition of Marxism. Duh.I would refer readers to this post instead. wow that Jesus guy was a communist .. who knew?
# Stockpile some resources, because it's only a matter of time before our terrorist enemies (who are delighted with the outcome of the election) will launch something nasty our way. Terrorists love weak or untried rulers because they prefer to strike vulnerable targets. We just bared our throats.Oh, you mean like when Bush 43 came into office?
# Move. Whatever your political affiliation, it's always best to live in a place with like-minded people. (Idaho might be worth considering.) Just make sure the place you move to has people whose concepts of liberty agree with yours.Segregate the wingnuts .. that isnt a bad idea. I suggest alaska though ... lots of good land up there.. good hunting ... a governor that thinks that they are just swell.. you betcha!
# Start looking for other news sources, because it's very likely that your favorite conservative radio talk-show host will go out of business once the (ahem) "Fairness" Doctrine gets re-implemented.obviously someone that misunderstands the Fairness Doctrine. Oh, right .. because they get their news from conservative radio talk show hosts.... Hmmm .. maybe this is a good idea too. No telling what will happen if they actually get the news unfiltered by Limbaugh and Hannity's BS.
# Buy light bulbs. There is no possible way our new green president will lift the absurd imminent ban on incandescent light bulbs. Unless you want your home to look like the inside of a train station lavatory in 2012, you'd better stock up on incandescents while you can. (Obviously lights bulbs are a metaphor for all the "for your own good" changes that will be shoved upon us.)FUnny, all my lights are either LED or compact flourescent and my place looks just fine. But go ahead .. stock up on those incandescents... it will keep you from spending money on bullets because your power bills will be higher than mine.
# Go to church. All the morals and values that we once cherished in this country – traditional marriage, sanctity of life, family values – are going to become so condemned that churches will be our only sanctuaries.I am an atheist ... many of my friends are too .. Obama .. not so much. If you are going to go to church though, might I suggest that this one is more your speed?
# Strengthen your family, your community, your state. Obama has said that an economy is built from the bottom up. In that he is entirely wrong (poor people don't hire – only rich people do that). But liberty most certainly IS built from the bottom up. Start by strengthening yourself. Next, your family. Support your neighbors. Build your community. Get involved with your state. The days of sitting on your hands must be over.Actually no, rich people dont hire either. Moderately successful small businesses are actually the engine of the economy. The folks that run these businesses are, in general, shopkeepers and tradesmen and the like that have scraped together some cash to go out on their own. THey hire a couple of people and make a comfortable but not lavish living.
# Find another job. Or preferably, several. Don't give up your current job, of course, but as the economy continues to nosedive, it is best to cultivate your marketable skills and diversify your income sources. The more income irons you have in the fire, the better.This is actually sound advice at any time. Although i think that you have to balance your work and home life. Work isnt an end in itself. It is a means to an end.
# Never never never never trust that the upcoming administration will do anything in your best interest. If the government offers you something that seems too good to be true, assume that it is. Education, medical care, housing and other benefits are never free – they cost something down the line. And the cost is always freedom. Take warning.Don't forget roads, fire departments, police, sewers, rural electrification, the internet, safe food.... all horrible things too ...
The stupid is burning bright
More Prop Hate stupidity from LDS church
Same-sex marriage rowdies single out Mormons
Ya know ... one quick cure for churches getting involved in stuff like this would be to take away their tax exempt status .... just thinking out loud of course.
Jean, whose Los Angeles Gay & Lesbian Center organized the rally outside the temple, now says she plans to continue protesting the Mormon church's involvement.
During the rally she announced plans for a new website to raise funds for advocating same-sex marriage in California. For every $5 donated, Jean said, her organization will send a postcard to LDS President Thomas S. Monson condemning "the reprehensible role the Church of Latter-day Saints leadership played in denying all Californians equal rights under the law."
LDS officials yesterday issued a statement asking for "a spirit of mutual respect and civility."
"The church acknowledges that such an emotionally charged issue concerning the most personal and cherished aspects of life – family and marriage – stirs fervent and deep feelings," church spokeswoman Kim Farah wrote in an e-mail to the Times. "No one on either side of the question should be vilified, harassed or subject to erroneous information."
Ya know ... one quick cure for churches getting involved in stuff like this would be to take away their tax exempt status .... just thinking out loud of course.
news flash from worldnut daily
Obama and our coming constitutional crisis
How about giving this bullshit a fucking rest.
# The allegation that Obama was born in Kenya to parents unable to automatically grant him American citizenship;
# The allegation that Obama was made a citizen of Indonesia as a child and that he retained foreign citizenship into adulthood without recording an oath of allegiance to regain any theoretical American citizenship;
# The allegation that Obama's birth certificate was a forgery and that he may not be an eligible, natural-born citizen;
# The allegation that Obama was not born an American citizen; lost any hypothetical American citizenship he had as a child; that Obama may not now be an American citizen and even if he is, may hold dual citizenships with other countries. If any, much less all, of these allegations are true, the suit claims, Obama cannot constitutionally serve as president.
# The allegations that "Obama's grandmother on his father's side, half brother and half sister claim Obama was born in Kenya," the suit states."Reports reflect Obama's mother went to Kenya during her pregnancy; however, she was prevented from boarding a flight from Kenya to Hawaii at her late stage of pregnancy, which apparently was a normal restriction to avoid births during a flight. Stanley Ann Dunham (Obama) gave birth to Obama in Kenya, after which she flew to Hawaii and registered Obama's birth."
# The claim could not be verified by WND inquiries to Hawaiian hospitals, since state law bars the hospitals from releasing medical records to the public;
# Even if Obama produced authenticated proof of his birth in Hawaii, however, the suit claims that the U.S. Nationality Act of 1940 provided that minors lose their American citizenship when their parents expatriate. Since Obama's mother married an Indonesian citizen and moved to Indonesia, the suit claims, she forfeited both her and Barack's American citizenship.
How about giving this bullshit a fucking rest.
Wednesday, November 5, 2008
Stevens WON???
According to CNN and everywhere else I look. Ted Stevens managed to hold his Senate seat despite being a convicted fucking felon.
SOrry people of Alaska but you just proved that you are fucking insane.
I will never again dream of that Alaskan cruise because you people do not deserve my money.
What the fuck were you thinking?
SOrry people of Alaska but you just proved that you are fucking insane.
I will never again dream of that Alaskan cruise because you people do not deserve my money.
What the fuck were you thinking?
Text of President-elect Barack Obama's speech
Swiped from Daily Kos just because it was the first place I saw it.
Remarks of President-Elect Barack Obama—as prepared for delivery
Election Night
Tuesday, November 4th, 2008
Chicago, Illinois
If there is anyone out there who still doubts that America is a place where all things are possible; who still wonders if the dream of our founders is alive in our time; who still questions the power of our democracy, tonight is your answer.
It’s the answer told by lines that stretched around schools and churches in numbers this nation has never seen; by people who waited three hours and four hours, many for the very first time in their lives, because they believed that this time must be different; that their voice could be that difference.
It’s the answer spoken by young and old, rich and poor, Democrat and Republican, black, white, Latino, Asian, Native American, gay, straight, disabled and not disabled – Americans who sent a message to the world that we have never been a collection of Red States and Blue States: we are, and always will be, the United States of America.
It’s the answer that led those who have been told for so long by so many to be cynical, and fearful, and doubtful of what we can achieve to put their hands on the arc of history and bend it once more toward the hope of a better day.
It’s been a long time coming, but tonight, because of what we did on this day, in this election, at this defining moment, change has come to America.
I just received a very gracious call from Senator McCain. He fought long and hard in this campaign, and he’s fought even longer and harder for the country he loves. He has endured sacrifices for America that most of us cannot begin to imagine, and we are better off for the service rendered by this brave and selfless leader. I congratulate him and Governor Palin for all they have achieved, and I look forward to working with them to renew this nation’s promise in the months ahead.
I want to thank my partner in this journey, a man who campaigned from his heart and spoke for the men and women he grew up with on the streets of Scranton and rode with on that train home to Delaware, the Vice President-elect of the United States, Joe Biden.
I would not be standing here tonight without the unyielding support of my best friend for the last sixteen years, the rock of our family and the love of my life, our nation’s next First Lady, Michelle Obama. Sasha and Malia, I love you both so much, and you have earned the new puppy that’s coming with us to the White House. And while she’s no longer with us, I know my grandmother is watching, along with the family that made me who I am. I miss them tonight, and know that my debt to them is beyond measure.
To my campaign manager David Plouffe, my chief strategist David Axelrod, and the best campaign team ever assembled in the history of politics – you made this happen, and I am forever grateful for what you’ve sacrificed to get it done.
But above all, I will never forget who this victory truly belongs to – it belongs to you.
I was never the likeliest candidate for this office. We didn’t start with much money or many endorsements. Our campaign was not hatched in the halls of Washington – it began in the backyards of Des Moines and the living rooms of Concord and the front porches of Charleston.
It was built by working men and women who dug into what little savings they had to give five dollars and ten dollars and twenty dollars to this cause. It grew strength from the young people who rejected the myth of their generation’s apathy; who left their homes and their families for jobs that offered little pay and less sleep; from the not-so-young people who braved the bitter cold and scorching heat to knock on the doors of perfect strangers; from the millions of Americans who volunteered, and organized, and proved that more than two centuries later, a government of the people, by the people and for the people has not perished from this Earth. This is your victory.
I know you didn’t do this just to win an election and I know you didn’t do it for me. You did it because you understand the enormity of the task that lies ahead. For even as we celebrate tonight, we know the challenges that tomorrow will bring are the greatest of our lifetime – two wars, a planet in peril, the worst financial crisis in a century. Even as we stand here tonight, we know there are brave Americans waking up in the deserts of Iraq and the mountains of Afghanistan to risk their lives for us. There are mothers and fathers who will lie awake after their children fall asleep and wonder how they’ll make the mortgage, or pay their doctor’s bills, or save enough for college. There is new energy to harness and new jobs to be created; new schools to build and threats to meet and alliances to repair.
The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America – I have never been more hopeful than I am tonight that we will get there. I promise you – we as a people will get there.
There will be setbacks and false starts. There are many who won’t agree with every decision or policy I make as President, and we know that government can’t solve every problem. But I will always be honest with you about the challenges we face. I will listen to you, especially when we disagree. And above all, I will ask you join in the work of remaking this nation the only way it’s been done in America for two-hundred and twenty-one years – block by block, brick by brick, calloused hand by calloused hand.
What began twenty-one months ago in the depths of winter must not end on this autumn night. This victory alone is not the change we seek – it is only the chance for us to make that change. And that cannot happen if we go back to the way things were. It cannot happen without you.
So let us summon a new spirit of patriotism; of service and responsibility where each of us resolves to pitch in and work harder and look after not only ourselves, but each other. Let us remember that if this financial crisis taught us anything, it’s that we cannot have a thriving Wall Street while Main Street suffers – in this country, we rise or fall as one nation; as one people.
Let us resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long. Let us remember that it was a man from this state who first carried the banner of the Republican Party to the White House – a party founded on the values of self-reliance, individual liberty, and national unity. Those are values we all share, and while the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress. As Lincoln said to a nation far more divided than ours, "We are not enemies, but friends...though passion may have strained it must not break our bonds of affection." And to those Americans whose support I have yet to earn – I may not have won your vote, but I hear your voices, I need your help, and I will be your President too.
And to all those watching tonight from beyond our shores, from parliaments and palaces to those who are huddled around radios in the forgotten corners of our world – our stories are singular, but our destiny is shared, and a new dawn of American leadership is at hand. To those who would tear this world down – we will defeat you. To those who seek peace and security – we support you. And to all those who have wondered if America’s beacon still burns as bright – tonight we proved once more that the true strength of our nation comes not from our the might of our arms or the scale of our wealth, but from the enduring power of our ideals: democracy, liberty, opportunity, and unyielding hope.
For that is the true genius of America – that America can change. Our union can be perfected. And what we have already achieved gives us hope for what we can and must achieve tomorrow.
This election had many firsts and many stories that will be told for generations. But one that’s on my mind tonight is about a woman who cast her ballot in Atlanta. She’s a lot like the millions of others who stood in line to make their voice heard in this election except for one thing – Ann Nixon Cooper is 106 years old.
She was born just a generation past slavery; a time when there were no cars on the road or planes in the sky; when someone like her couldn’t vote for two reasons – because she was a woman and because of the color of her skin.
And tonight, I think about all that she’s seen throughout her century in America – the heartache and the hope; the struggle and the progress; the times we were told that we can’t, and the people who pressed on with that American creed: Yes we can.
At a time when women’s voices were silenced and their hopes dismissed, she lived to see them stand up and speak out and reach for the ballot. Yes we can.
When there was despair in the dust bowl and depression across the land, she saw a nation conquer fear itself with a New Deal, new jobs and a new sense of common purpose. Yes we can.
When the bombs fell on our harbor and tyranny threatened the world, she was there to witness a generation rise to greatness and a democracy was saved. Yes we can.
She was there for the buses in Montgomery, the hoses in Birmingham, a bridge in Selma, and a preacher from Atlanta who told a people that "We Shall Overcome." Yes we can.
A man touched down on the moon, a wall came down in Berlin, a world was connected by our own science and imagination. And this year, in this election, she touched her finger to a screen, and cast her vote, because after 106 years in America, through the best of times and the darkest of hours, she knows how America can change. Yes we can.
America, we have come so far. We have seen so much. But there is so much more to do. So tonight, let us ask ourselves – if our children should live to see the next century; if my daughters should be so lucky to live as long as Ann Nixon Cooper, what change will they see? What progress will we have made?
This is our chance to answer that call. This is our moment. This is our time – to put our people back to work and open doors of opportunity for our kids; to restore prosperity and promote the cause of peace; to reclaim the American Dream and reaffirm that fundamental truth – that out of many, we are one; that while we breathe, we hope, and where we are met with cynicism, and doubt, and those who tell us that we can’t, we will respond with that timeless creed that sums up the spirit of a people:
Yes We Can. Thank you, God bless you, and may God Bless the United States of America.
###
Wow
I am sitting here in my living room still crying like a little kid after having watched Obama's speech.
My daughter called me tonight and was excited that this was looking like it was really going to happen. She is 13 years old and lives in Canada and she knew how important this was.
My ex-wife called me this afternoon at my office and asked me if I thought that this could really happen. I told her that one way or another we would know something about the country. Damn I am glad that this is the thing that we learned.
My cats ... were pissed about the puppy. Oh well, can't please everyone.
I am so proud of my adopted country tonight that I can barely stand it!
Well done America.
My daughter called me tonight and was excited that this was looking like it was really going to happen. She is 13 years old and lives in Canada and she knew how important this was.
My ex-wife called me this afternoon at my office and asked me if I thought that this could really happen. I told her that one way or another we would know something about the country. Damn I am glad that this is the thing that we learned.
My cats ... were pissed about the puppy. Oh well, can't please everyone.
I am so proud of my adopted country tonight that I can barely stand it!
Well done America.
Monday, November 3, 2008
Leave it all on the road
Darcy Burner: Leave it All on the Road
Let there be no doubt .. this is important... vote!
Sunday, November 2, 2008
The allure of white supremacy
I am going to apologize in advance for the link that you see here and I really don't want folks to follow it unless they know what is on the other side.
I have linked to a white power site to show how people can be sucked into a movement by selectively being told things. The link is to a document by the late and unlamented David Lane describing his so called 88 Precepts. These are some of them...
Now, I have quoted roughly 20% of the 88 Precepts and I will say that I really don't have a lot of issue with the ones listed here. There are several others that arent terribly radical but that I don't necessarily buy into. Such as:
Now, the careful reader will notice that I have now quoted roughly half of the 88 Precepts and while there are some things that sound a little over the top there is nothing that could really be described as weird or very far out of the mainstream. Certainly nothing that most non-religious libertarians wouldn't nod their heads in agreement with.
The careful reader will also have noted that there are huge gaps in my quoting .. that is because there are such things as this in it ...
I could go on but I am getting a bit queasy re-reading this document.
"So Rob, what is your point."
My point is to be aware that people that believe this kind of horseshit are out there and they are going to sound very reasonable most of the time. They use code words and dogwhistles to communicate their message. They use phrases like "14-88", or "fourteen words" or "the 88 Precepts" or "states rights" as kind of a secret handshake into their strange little reality. If you hear people talking like this know them for what they are. And if they are charismatic and charming and personable do not fear them but call them out publicly and loudly for the scumbags that they really are.
We are going to see and hear more of this kind of stuff over the next few years as we (hopefully) have our first President that has more melanin in his skin than I do and it is up to all of us to be aware of it and to not put up with it. I have thrown people out of my house for being racist scumbags and I am sure I will have to do it again some day. I do not fear it. I do not think it makes me rude. I do not think it makes me shrill. I think it makes me a good person.
Here endeth the lesson for today boys and girls... and now i need a shower for some reason
h/t to the guardian
I have linked to a white power site to show how people can be sucked into a movement by selectively being told things. The link is to a document by the late and unlamented David Lane describing his so called 88 Precepts. These are some of them...
3. God and religion are distinct, separate and often conflicting concepts. Nature evidences the divine plan, for the natural world is the work of the force or the intelligence men call God. Religion is the creation of mortals, therefore predestined to fallibility. Religion may preserve or destroy a People, depending on the structure given by its progenitors, the motives of its agents and the vagaries of historical circumstances.
4. The truest form of prayer is communion with Nature. It is not vocal. Go to a lonely spot, if possible a mountaintop, on a clear, star-lit night, ponder the majesty and order of the infinite macrocosm. Then consider the intricacies of the equally infinite microcosm. Understand that you are on the one hand inconsequential beyond comprehension in the size of things, and on the other hand, you are potentially valuable beyond comprehension as a link in destiny�s chain. There you begin to understand how pride and self can co-exist with respect and reverence. There we find harmony with Nature and with harmony comes strength, peace and certainty.
8. What men call the �super natural� is actually the �natural� not yet understood or revealed.
10. If a Nation is devoid of spiritual health and moral character, then government and unprincipled men will fill the vacancy. Therefore, freedom prospers in moral values and tyranny thrives in moral decay.
12. Truth does not fear investigation.
13. Unfounded belief is pitfall. A People who do not check the validity and effect of their beliefs with reason will suffer or perish.
15. No greater motivating force exists than the certain conviction that one is right.
17. Discernment includes the ability to recognize the difference between belief and demonstrable reality.
42. The Nations� leaders are not rulers, they are servants and guardians. They are not to serve for personal gain. Choose only a guardian who has no interest in the accumulation of material things.
46. In a democracy those who control the media, and thus the minds of the electorate, have power undreamed by kings or dictators.
51. A power system will do anything, no matter how corrupt or brutal, to preserve itself.
53. Those who commit treason disguise their deeds in proclamations of patriotism.
54. Propaganda is major component in all power systems, both secular and religious; false propaganda is a major component of unprincipled power systems. All power systems endeavor to convince their subjects that the system is good, just, beneficent and noble, as well as worthy of perpetuation and defense. The more jingoistic propaganda issued, the more suspicious one should be of its truth.
56. A power system, secular or religious, which employs extensive calls to patriotism or requires verbosity and rhetoric for its preservation, is masking tyranny.
69. Tyrannies are usually built step by step and disguised by noble rhetoric.
70. The difference between a terrorist and a patriot is control of the press.
82. Respect must be earned; it cannot be demanded or assumed.
Now, I have quoted roughly 20% of the 88 Precepts and I will say that I really don't have a lot of issue with the ones listed here. There are several others that arent terribly radical but that I don't necessarily buy into. Such as:
11. Truth requires little explanation. Therefore, beware of verbose doctrines. The great principles are revealed in brevity.
19. A people who are not convinced of their uniqueness and value will perish.
36. Sexual pornography degrades the Nature of all who are involved. A beautiful nude woman is art; a camera between her knees to explore her private parts is pornography.
38. In a sick and dying nation, culture, race or civilization, political dissent and traditional values will be labeled and persecuted as heinous crimes by inquisitors clothing themselves in jingoistic patriotism.
39. A People who are ignorant of their past will defile the present and destroy the future.
44. No government can give anything to anybody without first taking it from another. Government is, by its very nature, legalized taking. A limited amount of government is a necessary burden for national defense and internal order. Anything more is counterproductive to freedom and liberty.
55. Political power, in the final analysis, is created and maintained by force.
57. Propaganda is a legitimate and necessary weapon in any struggle. The elements of successful propaganda are: simplicity, emotion, repetition, and brevity. Also, since men believe what they want to believe, and since they want to believe that which they perceive as beneficial to themselves, then successful propaganda must appeal to the perceived selfinterest of those to whom it is disseminated.
58. Tyrannies teach what to think; free men learn how to think.
60. The patriot, being led to the inquisition�s dungeons or the executioner�s axe, will be condemned the loudest by his former friends and allies; for thus they seek to escape the same fate.
61. The sweet goddess of Peace lives only under the protective arm of the ready God of War.
64. Just Laws require little explanation. Their meaning is irrevocable in simplicity and specificity.
65. Men�s emotions are stirred far more effectively by the spoken word than by the written word. This is why a ruling tyranny will react more violently to gatherings of dissenters than to books or pamphlets.
66. The organic founding Law of the Nation, or any law, is exactly as pertinent as the will and power to enforce it.
68. Some say the pen is more powerful than the sword. Perhaps so. Yet, the pen without the sword has no authority.
74. Materialism ultimately leads to conspicuous, unnecessary consumption, which in turn leads to the rape of Nature and destruction of the environment. It is unnatural. The true guardians of the Nation must be wholly untainted by materialism.
75. The function of a merchant or salesman is to provide a method of exchange. A merchant who promotes unnecessary consumption and materialism must not be tolerated.
77. A nation with an aristocracy of money, lawyers or merchants will become a tyranny.
80. Wealth gained without sacrifices or honest labor will usually be misused.
81. Nothing in Nature is static; either the life force grows and expands or it decays and dies.
83. Avoid a vexatious man, for his venom will poison your own nature.
84. Self discipline is a mark of higher man.
85. One measure of a man is cheerfulness in adversity.
86. A fool judges others by their words. A wise man judges others by their actions and accomplishments.
Now, the careful reader will notice that I have now quoted roughly half of the 88 Precepts and while there are some things that sound a little over the top there is nothing that could really be described as weird or very far out of the mainstream. Certainly nothing that most non-religious libertarians wouldn't nod their heads in agreement with.
The careful reader will also have noted that there are huge gaps in my quoting .. that is because there are such things as this in it ...
20. The White race has suffered invasions and brutality from Africa and Asia for thousands of years. For example, Attila and the Asiatic Huns who invaded Europe in the 5th century, raping, plundering and killing from the Alps to the Baltic and the Caspian Seas. This scenario was repeated by the Mongols of Genghis Khan 800 years later. (Note here that the American Indians are not �Native Americans,� but are racially Mongolians.) In the 8th century, hundreds of years before Negroes were brought to America, the North African Moors of mixed racial background invaded and conquered Portugal, Spain and part of France. So, the attempted guilt-trip placed on the White race by civilization�s executioners is invalid under both historical circumstance and the Natural Law which denies inter-specie compassion. The fact is, all races have benefited immeasurably from the creative genius of the Aryan People.
21. People who allow others not of their race to live among them will perish, because the inevitable result of a racial integration is racial inter-breeding which destroys the characteristics and existence of a race. Forced integration is deliberate and malicious genocide, particularly for a People like the White race, who are now a small minority in the world.
22. In the final analysis, a race or specie is not judged superior or inferior by its accomplishments, but by its will and ability to survive.
23. Political, economic, and religious systems may be destroyed and resurrected by men, but the death of a race is eternal.
24. No race of People can indefinitely continue their existence without territorial imperatives in which to propagate, protect, and promote their own kind.
25. A People without a culture exclusively their own will perish.
26. Nature has put a certain antipathy between races and species to preserve the individuality and existence of each. Violation of the territorial imperative necessary to preserve that antipathy leads to either conflict or mongrelization.
27. It is not constructive to hate those of other races, or even those of mixed races. But a separation must be maintained for the survival of one�s own race. One must, however, hate with a pure and perfect hatred those of one�s own race who commit treason against one�s own kind and against the nations of one�s own kind. One must hate with perfect hatred all those People or practices which destroy one�s People, one�s culture, or the racial exclusiveness of one�s territorial imperative.
28. The concept of a multi-racial society violates every Natural Law for specie preservation.
29. The concept of �equality� is declared a lie by every evidence of Nature. It is a search for the lowest common denominator, and its pursuit will destroy every superior race, nation, or culture. In order for a plow horse to run as fast as a race horse you would first have to cripple the race horse; conversely, in order for a race horse to pull as much as a plow horse, you would first have to cripple the plow horse. In either case, the pursuit of equality is the destruction of excellence.
30. The instincts for racial and specie preservation are ordained by Nature.
31. Instincts are Nature�s perfect mechanism for the survival of each race and specie. The human weakness of rationalizing situations for self-gratification must not be permitted to interfere with these instincts.
32. Miscegenation, that is race-mixing, is and has always been, the greatest threat to the survival of the Aryan race.
33. Inter-specie compassion is contrary to the Laws of Nature and is, therefore, suicidal. If a wolf were to intercede to save a lamb from a lion, he would be killed. Today, we see the White man taxed so heavily that he cannot afford children. The taxes raised are then used to support the breeding of tens of millions of non-whites, many of whom then demand the last White females for breeding partners. As you can see, man is subject to all the Laws of Nature. This has nothing to do with morality, hatred, good or evil. Nature does not recognize the concepts of good and evil in inter-specie relationships. If the lion eats the lamb, it is good for the lion and evil for the lamb. If the lamb escapes and the lion starves, it is good for the lamb and evil for the lion. So, we see the same incident is labeled both good and evil. This cannot be, for there are no contradictions within Nature�s Laws.
34. The instinct for sexual union is part of Nature�s perfect mechanism for specie preservation. It begins early in life and often continues until late in life. It must not be repressed; its purpose, reproduction, must not be thwarted either. Understand that for thousands of years our females bore children at an early age. Now, in an attempt to conform to and compete in an alien culture, they deny their Nature-ordained instincts and duties. Teach responsibility, but, also, have understanding. The life of a race springs from the wombs of its women. He who would judge must first understand the difference between what is good and what is right.
35. Homosexuality is a crime against Nature. All Nature declares the purpose of the instinct for sexual union is reproduction and thus, preservations of the specie. The overpowering male sex drive must be channeled toward possession of females, as well as elements such as territory and power, which are necessary to keep them.
37. That race whose males will not fight to death to keep and mate with their females will perish. Any White man with healthy instincts feels disgust and revulsion when he sees a woman of his race with a man of another race. Those, who today control the media and affairs of the Western World, teach that this is wrong and shameful. They label it �racism.� As any �ism,� for instance the word �nationalism,� means to promote one�s own nation; �racism� merely means to promote and protect the life of one�s own race. It is, perhaps, the proudest word in existence. Any man who disobey these instincts is anti-Nature.
40. A race must honor above all earthly things, those who have given their lives or freedom for the preservation of the folk.
41. The folk, namely the members of the race, are the Nation. Racial loyalties must always supersede geographical and national boundaries. If this is taught and understood, it will end fratricidal wars. Wars must not be fought for the benefit of another race.
I could go on but I am getting a bit queasy re-reading this document.
"So Rob, what is your point."
My point is to be aware that people that believe this kind of horseshit are out there and they are going to sound very reasonable most of the time. They use code words and dogwhistles to communicate their message. They use phrases like "14-88", or "fourteen words" or "the 88 Precepts" or "states rights" as kind of a secret handshake into their strange little reality. If you hear people talking like this know them for what they are. And if they are charismatic and charming and personable do not fear them but call them out publicly and loudly for the scumbags that they really are.
We are going to see and hear more of this kind of stuff over the next few years as we (hopefully) have our first President that has more melanin in his skin than I do and it is up to all of us to be aware of it and to not put up with it. I have thrown people out of my house for being racist scumbags and I am sure I will have to do it again some day. I do not fear it. I do not think it makes me rude. I do not think it makes me shrill. I think it makes me a good person.
Here endeth the lesson for today boys and girls... and now i need a shower for some reason
h/t to the guardian
Thursday, October 30, 2008
Tuesday, October 28, 2008
The award for least analytical blog post of the year by a member of the corporate media goes to ...
Michael Scherer over at Time's Swampland.
He posted about 1500 words (i am guessing) that consisted nearly entirely of an internal email from the McCain campaign and his only analysis was
I mean fuck... my cats could have typed that up
He posted about 1500 words (i am guessing) that consisted nearly entirely of an internal email from the McCain campaign and his only analysis was
State polls are similarly showing no big movement, or confusing movement. But something could be starting. (A McCain insider assures me that key (unidentified) swing states are back to within 3 points, and closing.) After the jump, the full McInturff memo. Read it for what it says, and for what it fails to say.
I mean fuck... my cats could have typed that up
Sunday, October 26, 2008
Pathetic
Firedoglake » DiFi Plans Another Run for Governor
Apparently, She wants to be Governor of California but she is ok with taking away the rights of some of her consituents. She and her husband are worth hundreds of millions between the two of them and they cant cut a check for a few thousand bucks?
Sickening
Neither Dianne Feinstein nor Richard Blum are listed among the contributors to the NO on Prop 8 campaign.
Apparently, She wants to be Governor of California but she is ok with taking away the rights of some of her consituents. She and her husband are worth hundreds of millions between the two of them and they cant cut a check for a few thousand bucks?
Sickening
In short ...
Firedoglake » The Future Is China
We are fucked if we do not reverse this trend. I don't care if the US is #1 because #2 really isnt that bad a place to be... after all, you try harder. But for fuck's sake let's not let it keep sliding.
China has the world's largest internet. Its number of patents is growing faster than any other nation, and Chinese love being engineers, unlike in the US, where being a lawyer or MBA or maybe a doctor is considered the route to a good life. This, again, is eerily similar to the period when America broke down the doors: engineers were worshiped, scientists were respected and everyone wanted to be an inventor. In the old days Chinese came to America to become scientists and engineers, then stayed. Now they come and go back, and meanwhile Chinese universities pump out huge classes of both as well.
We are fucked if we do not reverse this trend. I don't care if the US is #1 because #2 really isnt that bad a place to be... after all, you try harder. But for fuck's sake let's not let it keep sliding.
Tax Cuts
Now I know that it is tacky to talk about how much you make and all that but even in my tax bracket the WORST that I come out is dead even.
I got this little widget from here. (not sure if it is going to show up right though so if it doesnt just go to the site)
I got this little widget from here. (not sure if it is going to show up right though so if it doesnt just go to the site)
October Surprise?
AFP: Eight die in US attack inside Syria: official media
If this is the widely expected October surprise I have to think that it is probably the fucking stupidest idea that anyone has come up with. And considering the group that we are talking about ... that really says something.
DAMASCUS (AFP) — American helicopter-borne troops from Iraq launched an assault on Sunday on a building in a Syrian border village, killing eight civilians, official Syrian media reported.
The government has summoned the official US and Iraqi representatives in protest, state television and the official SANA news agency said.
In Washington the Pentagon said it had no comment.
If this is the widely expected October surprise I have to think that it is probably the fucking stupidest idea that anyone has come up with. And considering the group that we are talking about ... that really says something.
When you lose David Frum ..
Campaign Silo » Frum Tells GOP: Time To Cut And Run From McCain
Remember that this is David "Axis of Evil" Frum saying this.
God I love watching wingnuttia implode.
David Frum is in the Washington Post today arguing that every dollar that the Republicans can shift to the Senate races, they should. It's the peril McCain faces from taking public financing and thinking that he could tap the RNC's cash at the same time (which nobody who criticizes Obama for refusing public financing ever brings up). If the RNC decides, like Frum, that Pennsylvania is a pipe dream and saving McConnell and Chambliss are paramount to the party going forward, they could pull the plug on McCain and there's not much he can do about it
Remember that this is David "Axis of Evil" Frum saying this.
God I love watching wingnuttia implode.
Say No To Beau
Group News Blog: As the Election Draws Near, Talk of Senate Replacements for Obama, Biden or McCain Heat Up
I like Joe Biden but I really hope that he rethinks this one. I am sure that Beau is a nice young man and all that but the last thing this country needs is more reinforcement of the idea of a permanent ruling class.
Biden is hoping to help clear the way for his son Beau to take his seat, though this is complicated since he will likely be in Iraq when his father steps down from the seat.
I like Joe Biden but I really hope that he rethinks this one. I am sure that Beau is a nice young man and all that but the last thing this country needs is more reinforcement of the idea of a permanent ruling class.
visual evidence that john mccain is not fit to lead
Meet the Press: Brokaw nails McCain on taxing the wealthy, Reagan's record | Crooks and Liars
Ronald Reagan was president from Jan 1981- Jan 1989 (just in case anyone forgets)
Here is An intriguing graph from wikipedia ...
Copyright for the graph is held by user Gaytan at wikipedia and it is used here under a creative commons license
SEN. McCAIN: Well, look, I would be glad to review the Reagan record, but the Reagan record was certainly one that reined in spending.
Ronald Reagan was president from Jan 1981- Jan 1989 (just in case anyone forgets)
Here is An intriguing graph from wikipedia ...
Copyright for the graph is held by user Gaytan at wikipedia and it is used here under a creative commons license
Digby Speaks
Hullabaloo
Go read the whole thing. She says what i, in my far less effective way, said yesterday.
Noonan writes in elegant prose, but the meaning of her words are no different than what Sarah palin and the crazies at the McCain-Palin rallies are spewing. She's spent the last couple of decades helping to create this vulgar political world and now she's trying to separate herself from what she's done. And that's yet another way in which she's just a typical conservative like Sarah Palin and Rush Limbaugh --- when her vulgar politics catch up with her, instead of standing tall and taking responsibility she pretends that she was somewhere else.
I hope that people don't get so caught up with these late breaking "conversions" to the one true faith that they forget that these people are not heretics or apostates. They are opportunistic cowards, pure and simple --- rats deserting a sinking ship --- and they will never, ever change.
Trust 'em? Not for a minute.
Go read the whole thing. She says what i, in my far less effective way, said yesterday.
Saturday, October 25, 2008
Why I am not an expert
Over at Ask The Oracle Expert: Questions & Answers comes this.
I obviously don't have the patience to be an Oracle expert because I would have been tempted to tell the person that elicited that response to RTFM.
Notice how TableB occurs twice in the query. This means we must use an alias for each occurrence, and also use the appropriate alias to qualify the columns in the SELECT clause. And since the columns from the two instances of TableB have the same name, it is also common—but not required—to assign column aliases in the SELECT clause.
I obviously don't have the patience to be an Oracle expert because I would have been tempted to tell the person that elicited that response to RTFM.
Remedial English
Daily Kos: Vocabulary Lesson for Republicans
I very much enjoyed this post and think that every voter should read it. Unfortunately since the only one's reading this are my cats and since neither they nor I am allowed to vote in this country it is unlikely.
Over the past few weeks, republicans have thrown all sorts of labels at Barack Obama:
"Muslim socialist"
"Nazi communist"
"Terrorist"
"Arab"
"Elitist"
The GOP leaders have also used several words to describe themselves that further exemplify their poor vocabulary skills:
"Maverick"
"Small business owner"
"Reformer"
Interviews with Sarah Palin, in particular, make it even clearer that the GOP needs remedial help with vocabulary and a few pointers on political doctrine and history. I am therefore assembling a small collection of terms with which the GOP and its supporters should become better acquainted.
I very much enjoyed this post and think that every voter should read it. Unfortunately since the only one's reading this are my cats and since neither they nor I am allowed to vote in this country it is unlikely.
Really Geeky Humour
The thing that kind of scares me a little is that I laughed out loud at this post from the Quantum Pontiff.
A new way to get out of the financial crisis: invest in the quantum computing! (joke about a superposition of rich and poor deleted for sanity's sake.)
Confederate States of America
Currently watching this movie. Is a very strange experience but I am quite enjoying it.
Alternate reality movies always seem to appeal to me.
Alternate reality movies always seem to appeal to me.
Why math is necessary
From Blake Stacey comes a nice essay on math and physics and all sorts of neat things.
Personally, I am a geek and I love math. Lots of people don't however.
Personally, I am a geek and I love math. Lots of people don't however.
Interesting Maps
As my cats know (they are my only regular readers after all) I am a business intelligence analyst by profession. A part of the job that I find especially fun is coming up with effective ways to visualize numbers.
This is really nice map. Even if the subject matter isn't that pleasant.
This is really nice map. Even if the subject matter isn't that pleasant.
Imagine that ...
Group News Blog: Bloomberg and City Council Overturn the Decision of NY Voters
What an asshole
In spite of the fact that the last two times the term limit issue was voted on in NYC the voters decided IN FAVOR of a 2 term limit-- Mayor Bloomberg and members of the city council voted to waive the rule this cycle so that he could run for a 3rd term as mayor.In general, I think that term limits are a stupid idea but it seems slightly odd to me to change the rules in the middle of the game. Of course this is Bloomberg, who has been both a Republican and a Democrat, depending on which would be more advantageous to him at the time.
What an asshole
From the evil Greenwald
Via Ed Brayton comes this bit of brilliance about the idea of a Palin/Bachmann ticket in 2012. Thoroughly Impressive
To which i can only say. Yes, Please
To which i can only say. Yes, Please
Value Investing
Calculated Risk: PNC to Acquire National City
One year ago NatCity shares were going for about $25.
The PNC Financial Services Group, Inc. and National City Corporation today announced that they have signed a definitive agreement for PNC to acquire National City for $2.23 per share, or an aggregate fixed amount of approximately $5.2 billion in PNC stock. Additionally $384 million of cash is payable to certain warrant holders. ...
One year ago NatCity shares were going for about $25.
Help one of the good ones
Daily Kos: WA-08: Help Darcy close strong
Go give her some money.
Darcy Burner is being hit by third-party groups, is one of the few races left in which the NRCC is playing, has the local media elites gunning for her defeat (for her sin of crashing the gates without their permission), while Reichert funds his final ad blitz with an illegal $500,000 loan. She needs $350,000 to keep pace with all the crap being thrown at her.I love Darcy Burner and can't wait until she is in Congress.
Go give her some money.
What do these two endorsements have in common
Scott McClellan endorses Obama
Meet The Press: Colin Powell Endorses Barack Obama
Both are endorsements of the person that is clearly going to win by two people that, if they had any fucking backbone at all, might have saved us all a lot of misery over the last few years.
Sorry guys ... you arent forgiven.
Meet The Press: Colin Powell Endorses Barack Obama
Both are endorsements of the person that is clearly going to win by two people that, if they had any fucking backbone at all, might have saved us all a lot of misery over the last few years.
Sorry guys ... you arent forgiven.
I like Karen Tumulty a lot
Swampland - TIME.com » Blog Archive We’re Back in Business, Baby! «
Swampland had a few hmmmm technical issues...
And we've changed the combination to the lock on the High Sheriff's liquor cabinet, though things might look a teensy bit funky for a while until we get everything back to normal.
Swampland had a few hmmmm technical issues...
This does my heart good
Talking Points Memo | First Base
Who would have imagined that even Republicans were smart enough to see through her.
I am still hoping for a McCain vote of less than 40%
If Republicans had to pick for 2012 today, it'd be: Romney 35%, Huckabee 26%, Palin 20%.
Who would have imagined that even Republicans were smart enough to see through her.
I am still hoping for a McCain vote of less than 40%
Monday, October 6, 2008
Remember, without McCain it would have been the Keating 4
He learned absolutely nothing.
Labels:
bailout,
Barack Obama,
financial crisis,
greed,
john mccain
I get email
Yes,Yes I am in the tank for Obama.
So what.
I got this email a few minutes ago and I have to say that it is about damned time.
So what.
I got this email a few minutes ago and I have to say that it is about damned time.
Rob --
Over the weekend, John McCain's top adviser announced their plan to stop engaging in a debate over the economy and "turn the page" to more direct, personal attacks on Barack Obama.
In the middle of the worst economic crisis since the Great Depression, they want to change the subject from the central question of this election. Perhaps because the policies McCain supported these past eight years and wants to continue are pretty hard to defend.
But it's not just McCain's role in the current crisis that they're avoiding. The backward economic philosophy and culture of corruption that helped create the current crisis are looking more and more like the other major financial crisis of our time.
During the savings and loan crisis of the late '80s and early '90s, McCain's political favors and aggressive support for deregulation put him at the center of the fall of Lincoln Savings and Loan, one of the largest in the country. More than 23,000 investors lost their savings. Overall, the savings and loan crisis required the federal government to bail out the savings of hundreds of thousands of families and ultimately cost American taxpayers $124 billion.
Sound familiar?
In that crisis, John McCain and his political patron, Charles Keating, played central roles that ultimately landed Keating in jail for fraud and McCain in front of the Senate Ethics Committee. The McCain campaign has tried to avoid talking about the scandal, but with so many parallels to the current crisis, McCain's Keating history is relevant and voters deserve to know the facts -- and see for themselves the pattern of poor judgment by John McCain.
So at noon Eastern on Monday, October 6th, we're releasing a 13-minute documentary about the scandal called "Keating Economics: John McCain and the Making of a Financial Crisis" -- it will be available at KeatingEconomics.com, along with background information that every voter should know.
Watch a preview right now and share it with your friends.
The point of the film and the web site is that John McCain still hasn't learned his lesson.
And this time, McCain's bankrupt economic philosophy has put our economy at the brink of collapse and put millions of Americans at risk of losing their homes.
Watch the video to see why John McCain's failed philosophy and poor judgment is a recipe for deepening the crisis:
http://my.barackobama.com/keatingvideo
It's no wonder John McCain would rather spend the last month of this election smearing Barack's character instead of talking about the top priority issue for voters.
But if we work together, we can make sure the focus stays on the economy -- and how to fix it.
Please forward this email to everyone you know.
Thanks,
David
David Plouffe
Campaign Manager
Obama for America
P.S. -- The documentary will be live at noon Eastern at www.KeatingEconomics.com.
Wednesday, October 1, 2008
KOS has this just right
From Kos himself comes this point that I can find no fault with at all.
Nothing would make me happier than to see 60+ Ds in the Senate, 290+ in the House and McCain/Palin pull in less than 40% of the popular vote.
Many people will warn against "getting complacent". I like to approach this potential problem differently -- we have a chance to rip out the GOP's jugular. We can throw them an anvil. We can kick them while they're down. No matter the metaphor, the underlying meaning remains -- we can destroy the Republicans. Now's not the time to slack, it's the time to pick things up. We've got them in a near rout. Let's destroy them
Nothing would make me happier than to see 60+ Ds in the Senate, 290+ in the House and McCain/Palin pull in less than 40% of the popular vote.
Gotta Agree With TBogg on this one
via TBogg comes this bit of brilliance from Hugh Hewitt's interview with Gov Palin.
Anyone that has anything to add can feel free to chime in.
It’s time that normal Joe six-pack American is finally represented in the position of vice presidencySorry but I want the President and VP each to be
- One of the smartest people in the room. This immediately disqualifies both Palin and McCain, Obama and Biden both pass this test. Biden has issues with not having much of an editor between his brain and his mouth sometimes and thus saying silly things but that doesn't mean he is stupid. Obama is clearly a very bright man.
- Not someone that I want to have a Guinness with but someone that it would be interesting to talk to. McCain actually passes this test for me. I am sure he has some interesting stories because he has lived a long and eventful life but quite frankly Palin would only be interesting in a "holy shit does she really believe that" kind of way. Obama has had a fascinating life and I would love to talk to Biden about how he balances work and family because it is something that I struggle with myself.
- Someone that knows the difference between right and wrong, actually cares about the difference and in general acts in a principled manner similarly to what I would hope I would do in a similar situation. I think McCain knows the difference between right and wrong, but he doesnt give a shit if it will get him elected (see just about any of his changes in stance since about 2002). I think that Palin shows no evidence of knowing the difference (see troopergate, charging victims for rape kits, pondering the banning of books in the public library, firing the police chief). Biden and Obama both clearly know the difference and while they dont always do the right thing (see FISA and Bankruptcy bill fiascos respectively) it seems to me that generally don't go out of their way to fuck people over just because it would be good for them or their buddies or because they want to get back at someone.
Anyone that has anything to add can feel free to chime in.
Labels:
Barack Obama,
biden,
idiocracy,
john mccain,
sarah palin
Monday, September 29, 2008
Funniest blog comment of the day
By FlownOver at Swampland
Made me giggle
The market is scary but around here, in the absence of particularly tall buildings, you just hear "Ow. $h!t" when people jump out of windows.
Posted by FlownOver | September 29, 2008 6:34 PM
Made me giggle
Thursday, September 25, 2008
Suspended my ass
Josh Marshall at TPM
So let's see. In the interests of saving the country, John McCain has to cancel the debate. But he's got time to do prime time interviews on each of the three broadcast networks tonight.Ya know ... I really can't add much to that.
Man Charged With Battery For Farting
From MSNBC with a h/t to commenter SPirula at sadly, no!
A man has been charged with battery on a police officer for allegedly passing gas and fanning it toward a patrolman.I really don't know what to say about this other than that must have been one hell of a fart.
Jose A. Cruz, 34, of Clarksburg, W. Va., was pulled over early Tuesday for driving without headlights, police said. According to the criminal complaint, Cruz smelled of alcohol, had slurred speech and failed three field sobriety tests before he was handcuffed and taken to a police station for a breathalyzer test.
As Patrolman T.E. Parsons prepared the machine, Cruz scooted his chair toward Parsons, lifted his leg and "passed gas loudly," the complaint said.
Wednesday, September 24, 2008
Pigs at the Lehman trough ... even in Chapter 11
Via Digby and Crooks and Liars comes this heartwarming story in The Independent of $2.5 Billion bonuses for the incredible fuckup fine work of the folks at Lehman Brothers that led to Chapter 11.
I am sure that the former shareholders of Lehman who watched the value of their stock go to zero would be happy to claw some of that back ... any good lawyers out there?
Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.
The revelation sparked fury among the workers' former colleagues, Lehman's 5,000 staff based in London, who currently have no idea how long they will go on receiving even their basic salaries, let alone any bonus payments. It also prompted a renewed backlash over the compensation culture in global finance, with critics claiming that many bankers receive pay and rewards that bore no relation to the job they had done.
A spokesman for Barclays said the $2.5bn bonus pool in New York had been set aside before Lehman Brothers filed for chapter 11 bankruptcy in the United States a week ago. Barclays has agreed that the fund should continue to be ring-fenced now it has taken control of Lehman's US business, a deal agreed by American bankruptcy courts over the weekend.
I am sure that the former shareholders of Lehman who watched the value of their stock go to zero would be happy to claw some of that back ... any good lawyers out there?
I Quite Like this Idea
From Cactus at Angry Bear comes this "immodest proposal"
So I propose letting the public bank at the Fed, just the same way banks bank at the Fed. I'm not proposing banks be made illegal - if they can find a way to operate without having a getting privileged access to the Fed, wonderful. That's free enterprise and it should be applauded. But the current system, where banks get privileged access to the Federal Reserve is rather unfair, and its been that way since long before this mess began.
Tuesday, September 23, 2008
More Douchebaggery From Limbaugh - big shock
via Media Matters comes this pile of poo from Saint Rush the Stupid.
The wingnuts are really starting to panic aren't they? Does my heart good.
On the September 22 broadcast of his syndicated radio show, Rush Limbaugh baselessly claimed that Sen. Barack Obama is "not black," and went on to ask: "Do you know he has not one shred of African-American blood?" Limbaugh continued: "He's Arab. You know, he's from Africa. He's from Arab parts of Africa. ... [H]e's not African-American. The last thing that he is is African-American."
The wingnuts are really starting to panic aren't they? Does my heart good.
Sunday, September 21, 2008
I second this idea
Ian Welsh at Firedoglake is on fire today.
If that happens then FSM help us all because we will be fucked.
Indeed, let me suggest that Obama needs to suspend his campaign and return to Washington to propose his own Market Stabilization bill. As president he'll have to execute any bill, as Senator he should step up and do his duty by crafting and leading the fight to put through a bill that meets his principles.This is the time to shit or get off the pot ... if Obama wants to be president this is the moment for him to prove it and to show that he has the ideas and the will to get them accomplished. If he cannot pull this off then McCain will run as a faux populist and win.
Your country needs you, Barack. Not today as President, but as a Senator. It's time for Mr. Obama to go back to Washington.
If that happens then FSM help us all because we will be fucked.
Pound Of Flesh
Saith The Poor Man Institute
A-Fucking-Men
Now, I am sympathetic to the argument that the overall consequences to the economy of letting Big Shitpile fall apart naturally would be too horrible; but, if that is the case, I would like my pound of flesh, please.
A-Fucking-Men
Krugman speaks ... will the Dems listen?
Saith Paul Krugman
The Obama people — and the Congressional Democrats — do know that the Republicans will run a populist campaign against them on the basis that they voted for a horrible big-government program, don’t they?Fuck, I hope they are paying attention here. This is the poison pill and if they swallow it then all the good that Obama could have done will be lost.
Obama Says Fuck No
From Ian Welsh at Firedoglake comes this happy news
This plan is a mess and I am glad that Obama has the balls to say fuck no.
Obama has stepped up and stated what he needs a bailout plan to include in order to support it, and the Paulson plan simply can't meet his requirements. Obama has just announced his opposition to the basic principles of the Paulson Plan.
This plan is a mess and I am glad that Obama has the balls to say fuck no.
Matt Stoller Gets Email about the Paulsen Plan
At Openleft
Matt Stoller got a lovely subdued little email from a Democratic lawmaker who shall, for obvious reasons, remain nameless. The following is a taste.
Needless to say, this does my heart good.
Matt Stoller got a lovely subdued little email from a Democratic lawmaker who shall, for obvious reasons, remain nameless. The following is a taste.
Paulsen and congressional Republicans, or the few that will actually vote for this (most will be unwilling to take responsibility for the consequences of their policies), have said that there can't be any "add ons," or addition provisions. Fuck that. I don't really want to trigger a world wide depression (that's not hyperbole, that's a distinct possibility), but I'm not voting for a blank check for $700 billion for those mother fuckers.
Nancy said she wanted to include the second "stimulus" package that the Bush Administration and congressional Republicans have blocked. I don't want to trade a $700 billion dollar giveaway to the most unsympathetic human beings on the planet for a few fucking bridges. I want reforms of the industry, and I want it to be as punitive as possible.
Needless to say, this does my heart good.
Saturday, September 20, 2008
Greenwald's thoughts on the plan
Glennzilla speaks
What is more intrinsically corrupt than allowing people to engage in high-reward/no-risk capitalism -- where they reap tens of millions of dollars and more every year while their reckless gambles are paying off only to then have the Government shift their losses to the citizenry at large once their schemes collapse? We've retroactively created a win-only system where the wealthiest corporations and their shareholders are free to gamble for as long as they win and then force others who have no upside to pay for their losses. Watching Wall St. erupt with an orgy of celebration on Friday after it became clear the Government (i.e., you) would pay for their disaster was literally nauseating, as the very people who wreaked this havoc are now being rewarded.
The Plan
Via Ian Welsh at Firedoglake I have snagged the text of the "Paulson Plan" and included it here. Read it and I have a few thoughts that are interspersed as bold.
I am so pissed off about this whole thing that I can barely speak ... I think I need a guinness or 3 to take the edge off before I smack someone.
There are lots of good thoughts about this mess over at firedoglake, eschaton, calculated risk, krugman's place at the NYT,Angry Bear, digby's place and Naked Capitalism. Go read them all ... then come back and tell me that I am just panicking for nothing please.
LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS
Section 1. Short Title.
This Act may be cited as ____________________.
Sec. 2. Purchases of Mortgage-Related Assets.
(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States. Note that nothing here says anything about the properties upon which the assets are based have to be in the USA.
(b) Necessary Actions.--The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:
(1) appointing such employees as may be required to carry out the authorities in this Act and defining their duties;
(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts; These will all be no-bid contracts going to Hank Paulson's buddies on Wall Street... that ones that fucked it up in the first place
(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them; see my comment on point 2
(4) establishing vehicles that are authorized, subject to supervision by the Secretary, to purchase mortgage-related assets and issue obligations; and
(5) issuing such regulations and other guidance as may be necessary or appropriate to define terms or carry out the authorities of this Act.
Sec. 3. Considerations.
In exercising the authorities granted in this Act, the Secretary shall take into consideration means for--
(1) providing stability or preventing disruption to the financial markets or banking system; and
(2) protecting the taxpayer.
Sec. 4. Reports to Congress.
Within three months of the first exercise of the authority granted in section 2(a), and semiannually thereafter, the Secretary shall report to the Committees on the Budget, Financial Services, and Ways and Means of the House of Representatives and the Committees on the Budget, Finance, and Banking, Housing, and Urban Affairs of the Senate with respect to the authorities exercised under this Act and the considerations required by section 3.
Sec. 5. Rights; Management; Sale of Mortgage-Related Assets.
(a) Exercise of Rights.--The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act.
(b) Management of Mortgage-Related Assets.--The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks therefrom.
(c) Sale of Mortgage-Related Assets.--The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.
(d) Application of Sunset to Mortgage-Related Assets.--The authority of the Secretary to hold any mortgage-related asset purchased under this Act before the termination date in section 9, or to purchase or fund the purchase of a mortgage-related asset under a commitment entered into before the termination date in section 9, is not subject to the provisions of section 9.
Sec. 6. Maximum Amount of Authorized Purchases.
The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time
Sec. 7. Funding.
For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure.
Sec. 8. Review.
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. Blatantly unconstitutional
Sec. 9. Termination of Authority.
The authorities under this Act, with the exception of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years from the date of enactment of this Act.
Sec. 10. Increase in Statutory Limit on the Public Debt.
Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.
Sec. 11. Credit Reform.
The costs of purchases of mortgage-related assets made under section 2(a) of this Act shall be determined as provided under the Federal Credit Reform Act of 1990, as applicable.
Sec. 12. Definitions.
For purposes of this section, the following definitions shall apply:
(1) Mortgage-Related Assets.--The term “mortgage-related assets” means residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before September 17, 2008. Nothing here stops a US company from buying up instruments held by foreign entities, as long as the original paper was issued before September 17, and then flipping it into the shitpile. This is a free for all. Note also that they slipped commercial mortgages in there too. So much for this being about sub-prime
(2) Secretary.--The term “Secretary” means the Secretary of the Treasury.
(3) United States.--The term “United States” means the States, territories, and possessions of the United States and the District of Columbia.
I am so pissed off about this whole thing that I can barely speak ... I think I need a guinness or 3 to take the edge off before I smack someone.
There are lots of good thoughts about this mess over at firedoglake, eschaton, calculated risk, krugman's place at the NYT,Angry Bear, digby's place and Naked Capitalism. Go read them all ... then come back and tell me that I am just panicking for nothing please.
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