From Pine View Farm

February, 2009 archive

“. . . they have failed” 0

The Republican motto seems to be “go wit’ what brung ya.” But look where it brung ya, for heaven’s sakes.

Failed war, homelessness, hopelessness, torture, unparalled greed, unmatched incompetence, and venality (I could go on).

No nitpicking. Cut to the chase.

Do you honestly want more of what we’ve had for the past eight years?

. . . what I have also said is – don’t come to table with the same tired arguments and worn ideas that helped create this crisis.

We’re not going to get relief by turning back to the very same policies that in eight short years doubled the national debt and threw our economy into a tailspin. We can’t embrace the losing formula that offers more tax cuts as the only answer to every problem we face, while ignoring critical challenges like our addiction to foreign oil, the soaring cost of health care, failing schools and crumbling bridges, roads and levees. I don’t care whether you’re driving a hybrid or an SUV – if you’re headed for a cliff, you have to change direction.

No one with any sense can expect anyone to be perfect.

But, Dear God, I would just settle for normal.

We haven’t seen that in national governance since the Republican Party put its contract on America (and, boy, did they ever!)

Addendum:

The Booman’s terminology is somewhat more temperate than mine.

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Stray Thought 0

Politics is classically defined as the art of the practical. Republicanism is the art of the intractable.

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“Tear Down This Myth” 0

Buy the book.

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Synopis 0

John Cole:

Tax cuts are, to Republicans, secular creationism.

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Stray Thought: Talent Flight Dept. 2

If Mr. Obama tried to appoint me to something, I’d never survive the headlines.

I’ve been filing income tax returns for 40 years. I’ve made three or four mistakes. All have been resolved with no hard feelings (I won some, I lost some), but my public career would already be toast.

Why the hell any person of honor is willing to subject him- or herself to the pie-throwing contest that passes for public discourse is beyond me.

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Bushonomics: Bushies Can’t Count Dept. 0

Since Republicans know that wealth equals virtue, giving the wealthy more than they deserved simply makes them more virtuous. Doesn’t it?

Harvard econ Prof. Elizabeth Warren, testifying before a Senate Banking committee hearing underway now to judge the performance of the $700 billion bailout, said that the Treasury overpaid by $78 billion in its first round of investments into troubled banks.

Warren said that Treasury spent $254 billion to purchase assets whose actual value was only $176 billion, “a shortfall of about $78 billion,” she said.

Warren said Treasury failed to “price for risk,” and used a metaphor to explain: It’s as if Treasury was looking at 10 paintings and promised to pay $1 million for each, even though “one is a Picasso, one is a Rembrandt” and the other eight are not.

H/T Karen for the link.

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Bushonomics: The Hangover 0

Up! Up! and Away!

The number of U.S. workers filing new claims for jobless benefits hit a 26-year high last week and factory orders plummeted in December, data showed on Thursday, illustrating an economy mired deep in recession.

In addition, the number of people staying on the jobless benefit rolls hit a record high late last month.

Duncan on how we got here:

For over a year the one point that I and others have been trying make is that the polite fiction that masters of the universe of Wall Street and their defenders in the media and Congress have been trying maintain, that this is liquidity crisis not an insolvency crisis, is utter horseshit. They made bad leveraged bets and lost immense amounts of money, and now they, and their buddies Geithner and Summers, want taxpayers to bail them out so they can go on living their opulent life styles while some of my neighbors wonder if their next food stamp card is going to show up.

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C. B. 0

Not CBRS. Chthulu Baccalaureum.

The local NPR station is running its winter begathon. One of the gimmicks in every begathon is the “Campus Challenge.” Persons are challenged to make pledges in honor of their alma maters; the winners are announced at the end of the morning news broadcast.

Miskatonic University has one two pledges (and, yes, the announcer knew of it–he loves his craft).

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Brick Walls 1

Mr. Obama is learning that it is impossible to compromise with persons unwilling to compromise.

Digby analizes.

Via Eschaton.

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Must Be the UAW’s Fault 0

Panasonic Corp., sinking into its first annual loss in six years, said Wednesday it was slashing about 15,000 jobs and shuttering 27 plants worldwide, joining a string of Japanese companies making deep cuts as they cope with the global slowdown.

Oh.

Wait.

No UAW in Japan.

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Sounds More like “Taking the Fifth” to Me 0

’nuff said:

A particularly contentious exchange took place between Rep. Gary Ackerman and the SEC’s acting general counsel, Andy Vollmer.

In response to Mr. Vollmer’s refusal to answer questions, Mr. Ackerman asks three times whether the Bush holdover was hiding behind executive branch immunity.

“Yes, in part,” he finally answered.

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Stray Thought 0

To hear the Republican Party prattle on about “fiscal responsibility” as if it were something that the party actually understood is sick-making.

Delaware Liberal has another take.

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As Often Happens . . . 1

. . . John Cole said it so I didn’t have to figure out how to say it.

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Unintended Truths 0

My mp3 player classifies its contents by all this fancy meta stuff, such as “Genre,” “Artist,” “Album,” and several others. Since I use it for podcasts and radio shows and those classifications are for music, they are pretty much irrelevant, except for “Artist.”

But wait! There’s more!

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None So Blind . . . 0

Reuters (and everyone else) is reporting the President Obama wants to cap executive compensation at businesses receiving bail out money.

This is a direct consequence of those same businesses’ showing a level of irresponsibility, arrogance, and greed that would make the Emperor Nero jealous.

What caught my attention in the Reuters story were comments from Wall Streeters, particularly this one (emphasis added):

LAUREN SMITH, ANALYST AT KEEFE, BRUYETTE & WOODS

“There is certainly a possibility” of talent flight from the big firms to the smaller investment banks if there are compensation limits. . . .”

Go here.

Then riddle me this:

What damned talent?

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Sinkholes 0

Substitute “US” for “UK.” Prem Sikka in The Guardian:

Is there any limit to the amount of money the UK government will spend to bail out financial institutions? To date, no bank has published accounts showing UK-specific assets, liabilities, losses or toxic debts. If regulators know, they have not informed the public. Therefore, it is hard to know what the UK taxpayer is bailing out. Seemingly, we are writing a blank cheque without knowing the full story.

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Just for Fun 0

Not much snow, but it was quite pretty in the sun:

Front

More Pix below the Fold

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All Those Nannygates 0

After the fuss over Zoe Baird some years ago, there really is no excuse for persons in public life not to be certain that their dealings with anyone who has done work for them in their homes are squeaky clean. (The Baird case involved undocumented workers.)

At the same time, I wonder . . .

Read more »

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Sin-co-pation 0

Libretto: George W. Bush. Music: Henry Hey.

Via Coyote’s Byte.

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Tradition 0

Every three months I do two things:

  • Catch up with my filing.
  • Swear that I won’t wait three months next time.

Continuity is a wonderful thing.

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