Tuesday, November 25, 2008

Where was Karl Rove on Nov 4????

wondering if Mike Connell would squeal?

http://www.bradblog.com/?p=6600

"The Republican IT guru, recently described as a "high tech Forrest Gump" for his proclivity to be "at the scene" of so many troubling elections since 2000, and even at the heart of the "lost" White House email scandal, has been ordered by a federal judge to appear for an under-oath deposition next Monday in Ohio"

Karl Marx laughing in his grave!!!!

The new death of capitalism 2.0, to be replaced by socialism, was predicted way back when by Ye Olde Communiste Karl Marx.

http://www.bloggingstocks.com/2008/11/04/karl-marx-is-suddenly-hot-again-thanks-to-the-economic-crisis/print/

http://www.themalaysianinsider.com/index.php/opinion/jameschin/11363-rise-of-karl-marx

"James Chin teaches at Monash University's Malaysia campus in Bandar Sunway, Petaling Jaya. The views expressed here are his own and do not reflect the views of institutions he is associated with. He can be contacted atJameschin1@gmail.com

Rise of Karl Marx?
OCT 29 - Isn't life strange? In 1989, Francis Fukuyama, wrote "The End of History?", published in the national Interest.
In this famous essay, Fukuyama argues that the march of Western liberal democracy may signal the end point of mankind's ideological evolution and thus, liberal democracy (American's kind) has won against the ideas of Karl Marx.
He wrote: "What we may be witnessing is not just the end of the Cold War, or the passing of a particular period of post-war history, but the end of history as such: that is, the end point of mankind's ideological evolution and the universalization of Western liberal democracy as the final form of human government."
Now, nearly 20 years later, we are seeing the most serious crisis facing capitalism, or to be exact, the credit crunch caused by unregulated, free, cowboy capitalism that the Americans have been promoting around the world.Now suddenly, people are asking -- maybe we were too soon to judge the negatives of all other idelodogies and put too many eggs inside the basket called capitalism.
Many old-style communists and socialists will be overjoyed by the latest Wall St meltdown. For years they have been arguing that capitalism will face a crisis. Lenin, the great Soviet tyrant, even wrote about it back in the 1900s.
German philosopher Hans Heinz Holz( who was also an avowed communist) called it the "great crisis of capitalism".
This crisis, according to the Marxists, came about because of the contradictions in the production relations have been extended to all aspects of social life.
Thus class analysis and class tensions can still be used to explain the present crisis. In a nutshell, the capitalist class destroyed the system because of their greed. Their greed comes from the system called caplitalism which feeds on the exploitation of labour."

Monday, November 24, 2008

let’s swear in Barack Obama right now

http://www.nytimes.com/2008/11/23/opinion/23friedman.html?_r=1&em

Thomas L. Friedman

I go into restaurants these days, look around at the tables often still crowded with young people, and I have this urge to go from table to table and say: “You don’t know me, but I have to tell you that you shouldn’t be here. You should be saving your money. You should be home eating tuna fish. This financial crisis is so far from over. We are just at the end of the beginning. Please, wrap up that steak in a doggy bag and go home.”
Now you know why I don’t get invited out for dinner much these days. If I had my druthers right now we would convene a special session of Congress, amend the Constitution and move up the inauguration from Jan. 20 to Thanksgiving Day. Forget the inaugural balls; we can’t afford them. Forget the grandstands; we don’t need them. Just get me a Supreme Court justice and a Bible, and let’s swear in Barack Obama right now

they laughed when Peter Schiff predicted the meltdown

here is a good excercise in the human inability to understand the fundamentals staring them in the face - spending based on borrowing without real production and savings behind it cannot be sustained in the long run.

it's pretty funny how the ignorant yahoos laugh at the one guy who understands the situation

http://www.youtube.com/watch?v=2I0QN-FYkpw&feature=related

http://finance.yahoo.com/tech-ticker/article/134633/%27Crisis-Only-Just-Beginning%27-Right-About-the-Crash-Peter-Schiff-Sees-More-Pain-Ahead?tickers=%5Edji,%5Egspc,%5Eixic,SPY,DIA,QQQQ,GLD

Sunday, November 23, 2008

Christopher Langan - world's smartest man?

I.Q. of 195, einstein was 150, supposedly, but impoverished and abusive childhood, ergo no opportunity to use his i.q.

Interesting he is attracted to the problem of physics of consciousness.

http://www.youtube.com/watch?v=-ak5Lr3qkW0

http://en.wikipedia.org/wiki/Christopher_Langan

Television Causes Depression?

yeah yeah correlation is not causation, but i have often wondered about this, it does seem to me the way most tv shows are designed they would have the side effect of creating depression, eg the sitcoms of beautiful rich young people in large mansions who never have to work and never get sick contrasted with the reality of most of our lives. granted, we would prefer to watch beautiful rich young people, but it wont leave us feeling any happier.

http://www.nytimes.com/2008/11/20/health/research/20happy.html?_r=1&em&oref=slogin

“We looked at 8 to 10 activities that happy people engage in, and for each one, the people who did the activities more — visiting others, going to church, all those things — were more happy,” Dr. Robinson said. “TV was the one activity that showed a negative relationship. Unhappy people did it more, and happy people did it less.”

Saturday, November 22, 2008

Bush Wrecking Crew Goes down in Flames with Paulson going Yeehaaa all the way down

Hoover wrecked the country by dogmatically sticking to ossified ideology, and it looks a lot like Bush and Paulson are determined to do the same, destroying the country they hate so much. Bush's contempt for competence is stunning, and his repressed alcoholic hatred of America is finding its final expression. Heckuva job there, Bushie!

Friday, November 21, 2008

Paulson Gets 'F-Minus' from Former Regulator

All the Wrong Policies: Paulson Gets 'F-Minus' from Former Regulator

Posted Nov 21, 2008 02:52pm EST by Aaron Task in Newsmakers, Banking
Related: GS, XLF, JPM, BAC, C, WFC
As bad a year as the stock market is having, Treasury Secretary Paulson is having an even worse one, according to William Black, Associate Professor of Economics and Law at the University of Missouri.
The professor, who was counsel to the Federal Home Loan Bank Board during the S&L Crisis and blew the whistle on the "Keating Five" in 1989, says Paulson deserves an "F-minus" for his role in the financial crisis.
"All of his policies made [the crisis] worse," says Black, citing Paulson's:
Pushing for more deregulation of the securities and mortgage businesses.
Failure to recognize the liquidity crisis in credit markets sooner.
Failure to act to stop foreclosures sooner.
Opposition to the government taking equity stakes in financial institutions, until very late in the crisis.
"And he gets the worst grade because as head of Treasury he's also in charge of banking and thrift regulation," Black continues, noting he "destroyed" rather than beefed up supervision. "I hope you like the consequences."
Black, author of "The Best Way to Rob a Bank Is to Own One," says there's ample reasons why the financial markets have lost confidence in the Secretary.
He also notes Paulson steered Goldman Sachs into subprime and alt-A mortgage securities before becoming Treasury Secretary in 2006. Goldman began shorting those instruments shortly after Paulson's departure, he notes.
The current crisis is "not a hundred-year flood, that suggests it's an act of God caused by random forces," Black says. "This was one cause by bad policies, the same policies that have caused prior crises."

Wednesday, November 19, 2008

Thinking Republicans need to start their own party or go Libertarian.

"Thinking Republicans need to start their own party or go Libertarian.", corollary: Limbaugh stays Republican.

http://www.huffingtonpost.com/2008/11/18/hagel-unrestrained-takes_n_144603.html

"TheBlackCat See Profile I'm a Fan of TheBlackCat I'm a fan of this user permalink
"I feel very sorry for Hagel, George Will, Chris Buckley...all those smart conservatives who I may not usually agree with, but who I can at least respect and recognize as intelligent and competant as politicians or writers. Their kind used to be the most respected and revered, and now they are called "traitors" and "cocktail party Republicans." (and what's so bad about cocktail parties, anyways?) Any Republican with any sort of expertise or intelligence is demonized by the majority. Look at Republicans in the House of Representatives; Roscoe Bartlett, and Vernon Ehlers, and Wayne Gilchrest. They are the only Republican scientists serving in the House. Yet they have been denied positions on any House energy or science commissions under Bush because they refuse to say that man made global warming doesn't exist. Thinking Republicans need to start their own party or go Libertarian. I won't say "come to our side' because although they have the morality and intellectual fortitude, they still do not agree with the basic liberal ideology."

Mitt Romney's Kinder and Gentler Proposal for Firing all US Auto Employees

http://www.nytimes.com/2008/11/19/opinion/19romney.html?_r=1&ref=opinion

Here we get the unvarnished perspective of the American slash-and-burn CEO, who can only think of how to lay off more people to help him get a bigger bonus that quarter.

Sure, he says, the CEO's should take a pay cut too, hahahahahah, and how much did Mr Mitt make again?

There are a few good ideas, but nothing that helps to equalize the market in favor of the American worker, like tariffs. Instead, the American worker is the one who must make the sacrifices for the short sightedness of management and conservative ideological fundamentalists.

Hagel Disses Limbaugh!! Finally a Republican with Backbone!

FINALLY, some repug bigwig recognizes Limbaugh's demagoguery isnt doing them any favors. But of course it would take a retiring senator who isnt up for reelection. What courage! What backbone! When will some of these other repug weasels chime in to denounce the fascist tendencies of their bankrupt know-nothing anti-intellectual anti-American party? I will not hold my breath waiting for another of these jellyfish to echo Hagel's sentiment. See you in the trash heap of history, suckers!

http://www.huffingtonpost.com/2008/11/18/hagel-unrestrained-takes_n_144603.html

http://politicalticker.blogs.cnn.com/2008/11/18/hagel-takes-aim-at-limbaugh-senate-colleagues/


"(CNN) — As his Senate career nears its end, Republican Chuck Hagel isn't holding back when it comes to criticizing members of his own party — including conservative talk radio hosts.
"We are educated by the great entertainers like Rush Limbaugh," Hagel said Tuesday during a speech in Washington, according to the Huffington Post.
"You know, I wish Rush Limbaugh and others like that would run for office," a sarcastic Hagel continued. "They have so much to contribute and so much leadership and they have an answer for everything. And they would be elected overwhelmingly. [The truth is] they try to rip everyone down and make fools of everybody but they don't have any answers."
Hagel has increasingly become critical of his party in the aftermath of the Iraq War and notably held back endorsing his longtime friend John McCain during the presidential campaign. He's reportedly under consideration for a cabinet post in the Obama administration.
Speaking at the Johns Hopkins School of Advanced International Studies, Hagel also faulted Washington lawmakers for "raw, partisan, political paralysis."

Tuesday, November 18, 2008

Does Paulson have a CLUE?????

wow, this performance by Paulson is really unnerving, the guy seems hell bent on driving us into Great Depression II, is he on drugs or what?

http://www.reuters.com/article/wtMostRead/idUSN1825605820081118

"The rescue package was not intended to be an economic stimulus or an economic recovery package. It was intended to shore up the foundation of our economy by stabilizing the financial system," the Treasury chief insisted.
Under stiff questioning from lawmakers who charged Treasury was making up strategy as it went along, Paulson conceded he hadn't totally ruled out using bailout funds to help homeowners, but said he had "reservations" about a proposal put forward by the Federal Deposit Insurance Corp.
Rep. Barney Frank, the Massachusetts Democrat who chairs the panel, lectured Paulson, telling him mortgage relief was spelled out as an option under the bailout passed by Congress.
"The fundamental policy issue is our disappointment that funds are not being used out of the $700 billion to supplement mortgage foreclosure reduction," Frank said. "There, I believe, is an overwhelmingly ... powerful set of reasons why some of the ... money must be used for mortgage foreclosure."
FDIC Chairman Sheila Bair, at the same hearing, told lawmakers it was "essential" Treasury offer loan guarantees and credit help to slow foreclosures, and warned that 4 million to 5 million mortgages will enter foreclosure over the next two years if nothing is done.
The FDIC says its plan could avert about 1.5 million foreclosures by encouraging lenders to restructure loans by having the government share in the cost of defaults. It is estimated the plan could cost the federal government about $24 billion.
"We are clearly falling behind the curve," Bair said. "Much more aggressive intervention is needed if we are to curb the damage to our neighborhoods and broader economic health."

Thursday, November 6, 2008

Mickey Edwards: "Anti Intellectualism Will be the Death of the Republican Party"

Conservative leader Mickey Edwards was interviewed on NPR Fresh Air today, and Terry Gross actually asked an interesting question: "where did all the anti intellectualism in the Republican party come from?"

Mickey Edwards avoided mentioning the Porcine Pontificator Limbaugh the Unexalted Self-Hating-Gay Windbag as a key factor in the Republican decline, but it is hard to escape such a conclusion that the ex-disk-jockey-dropout who brags about how his mind is untainted by any college education and spends his life locked alone in a cube with a microphone and a stack of newspapers making fun of and ridiculing all those smarter and more attractive than he is.

As long as these Republican 'leaders' let ignoramuses like Hannity and Limbaugh usurp their brand, they might as well declare Republicanism DEAD and start some new party.

WHEN will some major Republican 'leader' speak out against these anti-American Demagogues? WHEN? I submit the first one to do so, would find a LOT of support among the quiet sheep of their brethren who are suddenly relieved to be able to speak in public again, and not pretend to be ignorant racist bigots in order to get approval from the fascist Hannity-Limbaugh-Coulter-Bachman faction of their 'party'.

http://www.npr.org/templates/story/story.php?storyId=96648705

Limbaugh the Idiot Genius Predicts McCain to Win on Oct 31


This is too priceless, on Oct 31 the Bloated Bloviator, aka Drug Addled Gasbag pontificated what has got to be one of his all time top ten idiot asininities - that McCain will win the election. ahahahahahahah. Will any of his fawning acolytes ever call him on this? Will he ever refer to it himself? ahahahhaha. Truly, it must take a truckload of prescription painkillers to keep this grade-a moron from dying of shame.