From Pine View Farm

2009 archive

Keynes 101 0

Via Diversity Inc.

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Nothing To Do, Nowhere To Go 0

New unemployment claims drop to only 601,000 for last week, but the total number of persons collecting benefits continues to set a new record every week.

They are running out of persons to supply-sideline.

Initial jobless claims decreased by 34,000 to 601,000 in the week ended May 2, the fewest since late January, from a revised 635,000 the prior week, the Labor Department said today in Washington. The number of people collecting benefits climbed to 6.35 million the prior week, the 14th consecutive record, showing companies are still not hiring even as staff reductions abate.

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The Voter Fraud Fraud 0

No there there:

A federal judge has recommended the dismissal of a lawsuit brought by a conservative group against an organization that promotes voter participation through registration drives.

Via Raw Story.

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One Nation, Indivisible 0

Unless you are a Republican or a Southerner.

Then, not so much.

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Inside the Wingnut Bubble 0

This is the stupid on so many levels I don’t know where to begin.

But it boils down to “Don’t take the name of the Limbaugh in vain.”

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Just Plain Dumb 0

Delaware Supreme Court Chief Justice Myron T. Steele, the national face of Delaware’s powerful and highly respected courts, used his state e-mail account Monday to send a sexually suggestive video to 38 men.

That’s what the home computer is for, for Pete’s sake.

The video is here. Any grunt-level employee would have already been fired.

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Artie Shaw 0

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Return of the Beyond the Palin 0

A retrospective.

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I Get Mail 0

Dear Frank,

In spite of all the recent news, we still have some skeptics.

The release of new Bush-Cheney era torture memos by the Justice Department reveal just how far the past administration strayed from the law and our fundamental principles.

There is a renewed public call for accountability at BushTruthCommission.com, and many congressional leaders — like Speaker of the House Nancy Pelosi and Senator Chris Dodd — have now thrown their support behind our proposed truth commission, too.

Read more »

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When Zombie Banks Walked the Earth 0

InsolventInsatiable:

After conducting “stress tests” of the 19 biggest banks, the government has told Bank of America Corp it needs $34 billion of capital, roughly triple what had been expected, an industry source familiar with the results said.

Wells Fargo & Co needs $15 billion, Bloomberg News said, citing an unnamed source. Citigroup Inc may need as much as $10 billion, a person familiar with the matter said. About 10 of the 19 banks that were tested may need capital, a person familiar with the official talks said.

And the rumors are these stress tests weren’t very stressful.

Over at the Great Orange Satan, a poster wonders why the truth is coming out in such dribs and drabs (Warning: mild language):

Dribs and Drabs, that’s how these ‘little stories’ are coming out about the financial meltdown. Perhaps ‘they’ don’t think ‘we’ will notice the horrifying little details that way….like the new story about AIG bonuses. Now we find out that the bonuses were actually 4 times larger than was originally reported. Doesn’t it make you wonder who lied about the original figures, and why it is being reported now?

I think that it’s because the truth of Wall Street’s malfeasance, perfidy, cupidity, and stupidity is so bad that the government is afraid it could lead to panic and that, frankly, we would all be better off just to know the extent of the badness, but that’s just me.

But, then, that would reveal that the financial emperors have no clothes.

And We Can’t Have That. After all, Greenwich, Conn., gets awfully chilly in the winter.

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“Pay No Attention to the Man behind the Curtain” 0

The hedge hogs funds scurry to their burrows.

Follow the link to see the “evidence” of a “hostile climate” proffered by the lawyers.

Blaming a “hostile climate” perpetuated by the Obama administration “publicity campaign,” Tom Lauria, the attorney representing the group of twenty hedge fund calling themselves the “Chrysler Non-TARP Lenders,” filed a motion to seal claiming the hedge funds “targeted by the president” — presumably Oppenheimer Funds and Stairway Capital, since those were the only funds associated with the group — had “received various threats, including dozens of death threats directed to their employees.”

But today bankruptcy court Judge Arthur Gonzales denied the motion, seeing “no evidence that authorities found the threats bona fide” — maybe because the only evidence of said threats cited in the motion was a printout from the comments section of the Washington Post website.

Guess their mastery of the universe doesn’t include standing up for themselves in public.

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Contracts 0

John Cole on wanker bankers, Chrysler, and Fiat:

So when you read the bleatings of some hedge fund manager echoed on every wingnut blog, just remember, no laws have been broken, nothing unethical has taken place, and they only have themselves to blame. Which is, of course, why they are squealing so loudly.

And one final thing. I adore hearing about the sanctity of contracts, because it just cracks me up. Where was all this concern about the sanctity of contracts when the entire Republican caucus was trying to destroy every auto union contract out there? Where was this overabiding concern for the sanctity of contracts every time the autoworkers have made concessions the last couple of decades? Why are there hundreds of thousands of lawyers out there spending every day trying to litigate their client out of contracts or trying to litigate more favorable terms for their clients? Just plain silliness.

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Truth. No Reconciliation. 0

Non Sequitur

Follow the link for more Non Sequitur. It’s the closest thing today to the Far Side.

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Have Cake. Eat It Too. 0

Blue Dogs run wild. Follow the link for the full story:

Overall, Blue Dogs submitted more than 2,500 individual earmarks totaling some $20 billion. That underscores the conflict between their eagerness to bring federal money home and the coalition’s criticism of the budget as laden with pork.

Their motto, apparently:

Cut spending. But NIMBY.

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Savagery 0

I disagree with the United Kingdom’s decision to ban Michael Savage from their country.

The UK does not have a written Constitution and has no codified protection of freedom of anything. For all their talk about the “rights of Englishmen (and women),” the Brits are quick to publicly and overtly violate civil liberties which citizens of the United States (except for the Bushies–natch) hold inviolate.

At the same time, one does take a perverse and quite uncharitable joy in seeing a purveyor of hate called out for his purveyance thereof.

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From Ghosties and Ghoulies and Things that Go Bump in the Night 0

and from television commercials at the gas pump, good Lord protect us.

AM PM Mini Mart

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Mills Brothers 0

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All the News that Fits–Their Agenda 0

Fox News, the Izvestiya of Wingnuttery.

First the “after,” then the “before”:

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Break Time 0

Off to drink liberally.

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Perspective 0

Some Republican is yammering on my podplayer about how Barack Obama was “such a left-wing candidate.”

Only in wingnut eyes.

Anyone who actually paid attention to what Mr. Obama said and did during his campaign (and has said and done since becoming President) can see that he is, at most, slightly to the left of the historical center of American politics.

Unless, of course, torture, unjust war, and giving away the store are considered core American values.

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