Tag Archives: Politics

Re: Right-Wing Teabagging:

Would you care for dressing?

After they’ve had their fill of teabagging at their tea parties, and have verily shot their collective load, what’s next? Salad tossing parties?

Would you care for dressing?
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Swiss Secrecy Subtly Subdued

How do you say "drop a dime" in French? Ok then, how about in German?

Looks like UBS struck a deal with US authorities that includes (1) payment to Uncle Sam for his troubles ($780 million) and (2) disclosure of private info on American clients who thought they were just out of the Tax Man’s reach.  And then they’re going to close the offshore accounts of their American clientele, you know, for shits & giggles.

This raises such a lot of operatic questions –  is the fat lady belting out her final aria and is she nearing the last note that signals the end of a banking era being the two most heard in these parts.  Such drastic, far reaching moves by UBS has undoubtedly raised the specter that the traditional role of Swiss banking as a haven for those chasing financial anonymity may not be long for this world.

It’s easy for me to sit here and say “good riddance” because I don’t have the kind of funds that would make a non-interest bearing account in the middle of Europe an attractive proposition.  Were I on the other side of the table as a full-fledged member of the financial patricians, my feelings might not be so plebeian.

But I’m not, so they are.

Plus, and this to me is the really important part, it sets a precedent for The Hague to go after the funds accumulated by all the corrupt Third World rulers (and some in the First and Second, too) who have stashed their ill-gotten gains in Swiss accounts while simultaneously giving their people the finger.

I, Hambricscurvus Maximus say: “Let The Games Begin!!!!!!!!  Release the Lions!!!!!”https://i2.wp.com/www.vroma.org/images/mcmanus_images/bestiarii.jpg

Inauguration 2009

Waiting for the Parade at the Newseum

Yesterday’s Inauguration of our 44th President was, of course, historic for many reasons, but it was extra special to me for one reason in particular. Seeing the 2 mile span of The Mall covered with a million people eager to participate in that historic event was awe inspiring.

Now it’s the morning of the first full day, and the real world requirements of the position must now weigh heavily on our new President’s shoulders, as they should. The burden looks especially heavy to me in light of the previous Administration’s lackluster performance. My blog, my opinion.

Yesterday, the market hit 14-year lows, which sets up the potential for strong gains for long term investors’ new investments  by virtue of the lower starting point. Or not. I mention this because of the parallel between the Bush and Obama administrations. The previous one was such a cumulative disaster that the comparative performance the new one has a strong shot at out-performance given its low starting base. Again, my blog, my opinion.

All the best to you, President Obama.  I hope that you and the market knock our socks off with solid upside performance that exceeds our collective expectations and hopes.

Election Day 2008

Its your duty to participate.

H’s Curve waited only 3 hours this morning to firmly ensconce itself among the participants in this day’s historic event.  Even though the sky was cloud and threatening to rain, no one planned to move from the line without first casting their vote.

Early on, there was an elderly lady behind me in line.  Precinct officials were going up and down the line offering to lead the elderly up front so that they would not have to endure what was clearly going to be a long wait.  When she was asked, she declined the offer, adding, “I’ve waited a long time for this, so no thank you, I’ll wait here in line.”  I haven’t waited nearly as long as she has to participate in an historic election, but I sure felt the same way as I waited patiently to cast my vote.

Enlightened Republicans Contra Mundum?

Accio, nerds!

Accio, nerds!

I’ve had the increasingly nagging suspicion that an important subset of Republicans have set in motion a Phoenix-like strategy against the party’s leading faces. This creeping suspicion of mine centers on the chasm in the Republican party that has widened in recent years, unceremoniously ranging its members into two distinct camps: those appreciative of critical thinking and enlightened thought and those suspicious of anything smacking of enlightenment or the more forgiving and loving elements of Christianity.

An Obama victory in the upcoming US presidential election would very likely result in bitter recriminations from each side against the other, with the baser elements of the base charging abandonment (rightfully so), while the enlightened justify their actions due to their party having slowly morphed into something partially (if not wholly) unrecognizable.

This morning, Huffington Post led me to an article at the Telegraph.co.uk that touched on growing Republican fears of an intra-party civil war. In Tim Shipman’s Telegraph article, Jim Nuzzo, a White House aide to President Bush, dismissed Republicans critical of La Palin as little more than “cocktail party conservatives,” and had this to say about the flag bearers of the party’s enlightened sect:

There’s going to be a bloodbath. A lot of people are going to be excommunicated. David Brooks and David Frum and Peggy Noonan are dead people in the Republican Party. The litmus test will be: where did you stand on Palin?

And by God is he right. Unfortunately, where we disagree is not on who will be dead to whom, as undoubtedly each will be to the other and all to me, but on who will be in charge of the Republican Party and its “litmus test”. (Down with the ship, eh Jim?)

The cultural conservatism that has split the Republican party into  its two camps is one that has morphed from some form of personal responsibility into one’s confirmation of redneck bona fides or the hothatred of all things “unchristian.” (Sweet dancing Moses, don’t they realize that hatred isn’t much of a Christian value?  What?  Oh.  Never mind.)

Have the enlightened Machiavellian branch of the Republican party set out to sabotage the party as currently constituted? Is their hope to see the extremist now in control thoroughly discredited and the Republican party reduced to ashes? From these ashes do they seek to have the party reborn and in their control?  Yeah.  Seems like it.

Neocon’s Explanation for the Great Hobotization of America: Jimmy Carter and the Blacks, of course!

Made in China

Made in China

In what is sure to turn into one of America’s greatest “D’Oh!” moments, the neocon men and women now claim to have the answer to America’s latest economic problem. And really, what are the chances that this explanation will be anywhere near as fucked up, or even more so, than the ones used to justify the adoption of the more onerous bits of the Patriot Act and the launching of a war against Iraq in response to Al Quaeda’s attack against America. I mean, yeah, it could be, but then, maybe not. Let’s see.

Well, the latest explanation for this mess is the CRA – the Community Reinvestment Act of 1977, which

“Wait. What? 19fucking77!?”

which was “intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations,” as stated on Huffington Post.

So what happened is that all these libruls and ‘teh Blacks’ decided to wait for America’s mortgage industry to advance its financial engineering capabilities to facilitate the development of a wide-ranging derivatives market serving the origination and tranching of sub-prime debt, with the help of those librul institutions Fannie Mae and Freddie Mac. F’ing devious bastards. I mean, it would be one thing if naked greed run amok had anything, anything at all to do with this mess, but come on! It just doesn’t! And the sooner you libruls admit it, the sooner you’ll be on the road to bending over, grabbing your ankles recovery.

Really! You people and your “facts!”
Just as the neocon bastards were getting up to speed on their journey to economic transcendence, HuffPo reports that some librul by the name of Yellen, who also happens to be President and CEO of the Federal Reserve Bank of San Francisco, (San Francisco, people!) pointed out some info foreign to the neocon policy of creating one’s own reality: Most of the loans made by depository institutions examined under the CRA have not been higher-priced loans, and studies have shown that the CRA has increased the volume of responsible lending to low- and moderate-income households.

What really burns, chucks salt in the wound, if you will, is this Michael Barr “Law Professor” guy at the University of Michigan (read: elitist), who also happens to be a specialist in banking and finance law. Before going any further, I already know this “Professor” is so steeped in the real reality that he is not even capable of creating the type of alternate reality required to be a neocon in good standing, but let’s just play their game anyway.

Professor Barr thinks it would be “‘odd’ if a 30-year old law suddenly caused an explosion in bad sub prime loans from 2002-2007… Sub prime mortgages made mostly by brokers and lenders and securitized by investments banks — institutions not covered by CRA.” Whatever, egghead!

Apparently, those were not balls in his pants…

‘Merica’s favorite Ol Philthy Bastard (TM) has decided to take his ball(s) and go home ’cause the Democrats are being mean or something. So he’s jumping off of the SS McCain. Leavin’ his dawg all high ‘n dry. He’s bouncin. In a parting shot, this guy I know swears he heard Ol Philthy (TM) shout “screw you, you bunch of whiny bitters!” as he was getting into his car with those ladies from the Robert Palmer video “Addicted to Love.” True story.

Yea, yea, whatever. The question now is who can McCain find to advise him on this whole ‘e-kon-o-me’ thing on such short notice? I mean, I’ve got an idea of what it takes and if the pay is right, I’m in. If not, might I suggest he have his people put in a call to someone formerly at Freddie or Fannie? Just a thought.

Update: I know this is a repost (from that PAID version of H.’s Curve, but given the recent degree of ass-hattery on display in and around the U.S. Capital, I just thought you ought to know just how remarkably ordinary is their behavior. I mean, really, Pelosi talks shit about them and their leader and all of a sudden, they can’t find the stones to rise above and do what they thought right for the country just moments before. The fuck?!