Saturday, February 7, 2009

More Krugman

Op-Ed Columnist - Bailouts for Bunglers -
We have a financial system that is run by private shareholders, managed by private institutions, and we’d like to do our best to preserve that system,” says Timothy Geithner, the Treasury secretary — as he prepares to put taxpayers on the hook for that system’s immense losses.

Meanwhile, a Washington Post report based on administration sources says that Mr. Geithner and Lawrence Summers, President Obama’s top economic adviser, “think governments make poor bank managers” — as opposed, presumably, to the private-sector geniuses who managed to lose more than a trillion dollars in the space of a few years.

And this prejudice in favor of private control, even when the government is putting up all the money, seems to be warping the administration’s response to the financial crisis.

I do not for the life of me understand how any sane person can call for a smaller stimulus package while still being in favour of letting the people responsible for fucking up the economy keep their jobs.

Why the hell don't these people listen to Krugman?

What the centrists have wrought - Paul Krugman Blog -
According to the CBO’s estimates, we’re facing an output shortfall of almost 14% of GDP over the next two years, or around $2 trillion. Others, such as Goldman Sachs, are even more pessimistic. So the original $800 billion plan was too small, especially because a substantial share consisted of tax cuts that probably would have added little to demand. The plan should have been at least 50% larger.
You know ... Paul Krugman... the guy that just won the fucking Nobel Prize.

cliff diving

Via a lot of places, but originally from Rep. Pelosi's office comes this

The question is whether the GOP just dont get it that we are fucked if we dont get this economy going in the right or if they just dont give a shit.

Note to fox sports

When i see "NASCAR" I expect to see cars going in a circle really fast... not a fucking band playing a really bad country song.

USAirways Flight 1549 - Audio and Transcripts - Amazing stuff

USAirways 1549 (AWE1549), January 15, 2009
Please note that all air traffic communications for LaGuardia tower (LGA), Teterboro tower (TEB), and the New York Tracon (N90) in the time period surrounding the accident are included below. However, most of the communications with the pilot while the aircraft was in the air are contained in the tape and transcript for the New York Tracon. All times are in Zulu time, which is the same as Greenwich Mean Time

Via Jesse Wendel at Group News Blog comes this to which I cannot add anything except to say that I am astonished at the calm professionalism of all involved

Tuesday, February 3, 2009

Offered without comment

Angry Bear: IBM Offers To Move Laid Off Workers To India
IBM begins the process of truly fungible labor. It is not quite the same as having to move to Texas from Michigan. (hat tip hc)

Executive Pay Caps

For Large Bailout Recipients, a Plan to Curb Executive Pay -
The Obama administration is expected to impose a cap of $500,000 for top executives at companies that receive large amounts of bailout money, according to people familiar with the plan.

Under new rules to be announced by the Treasury Department as early as Wednesday, executives would also be prohibited from receiving any bonuses above their base pay, except for normal stock dividends.

OMG how will they ever cope? How will they manage to attract talent for only $500K a year.
I can hear the howls starting now in the wingnutosphere.

While I currently am in a 6 figure salary job that I love, I will happily give it up to take any of these VP/SrVP level jobs for $500K and will pretty much guarantee that I couldnt possibly fuck up worse than the folks currently in them. Give me 1 year... come on .. someone .. anyone.. please please

Sunday, February 1, 2009

Best TV Show on tonight!

Puppy Bowl, Puppy Bowl V : Animal Planet

Not saying that it is a wasteland out there tonight but ...

Discovery Channel -- anti-science?

So .. I switch away from the Superbowl halftime show to what I figured was going to be the safety of the discovery channel.

And what the fuck??

I am sorry but Jesus' life story is not "Science, History, Space, Tech, Sharks, News".
Yes I understand that a billion people believe he was god but for fuck's sake let's not pretend that his life is well documented just because it is in the bible.

I might have to go back to watching football.

Review #2

And in order to give the Cardinals a chance to win this game ... I shall change the channel

Worst Ad so far


"no one wants to see you naked"

What the fuck?

Followers gadget

Just proving to the world that no one except the cats and I actually care what I write in here and sometimes I wonder about the cats

Cardinals' Defense

I ain't seeing any

The First Challenge

Now that had to hurt. Steelers marched down the field .. looked like they had a touchdown from Big Ben and then ... only a field goal.

Kill me now

St David Patraeus .... you have to be fucking kidding me

Jennifer Hudson

Damn but that woman can sing a song.

But I am reminded that this country chose a song for the national anthem that normal people simply cannot sing.

Superbowl blogging

Gonna see how this least until i get bored with it or the game gets exciting or I get too hungry


For no other reason than the fact that Kurt Warner being MVP of the Superbowl as well winner of the Walter Payton award would remind people that nice guys do NOT have to finish last.

My Senator