Archive for November 13th, 2011

November 13, 2011

The DC Folly Trolley

Facts were never a GOP strong point. RNC chairman and chief Republican propagandist Reince Priebus said that the GOP is not looking out only for the rich.

Do they even know that other classes exist??? And if they do, have they ever cared about anyone but the rich for the past 150 years?

What the fuck you talkin’ about.  We love our poor folks, those making between a half and , oh say, a million or so a year.  We want to do everything we can to help them along.

He (I don’t want to have to type his name again – or pronounce it for that matter) evidently believes like all good Repubs that Reagan’s Jobs Falling Out Of The Sky economic theory (also known as supply side) will help the poor and working classes.

The guy is a regular comedian. Can’t wait for election year to hear more of his jokes.

Read the Article at HuffingtonPost

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Two Pots in Every Garage

Police in LA are finding stashes of marajawanna plants in foreclosed homes – in jars and naturally flower pots.

Ah, yes. A tribute to free enterprise.

Neither high taxes nor harsh regulation­s can dampen the American entreprene­urial spirit. You gotta admire ambition and initiative during hard times.

Republican­s should be sending awards.

Read the Article at HuffingtonPost

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Banks refer to a default on a mortgage as an “involuntary prepayment.” Sounds a lot better than “foreclosure” on a financial report.

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First they ignore you, then they laugh at you, then they fight you, then you win.

The oligarchs are getting jittery about the Occupy movement. If you can stomach it, check out the comments of the right wingers on Fox News Sunday. They used such words as “un-American” and “undemocratic” to describe the occupiers. And holy cow dung, Batman, they even used the Foxers favorite turd word – “Marxist”.

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If Obama believes the Iran issue will become a soft spot during an election year, he will strike. He may hide behind the skirts of the Israelis, but he will strike.

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Libertarianism is rubbish. It can exist only in theories and the slick pages and sanitized graphs of $150 economic textbooks. Human intervention utterly destroys any possibility of genuinely “free” markets.  Ron Paul is kidding and the jokes on us.

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Uncertainty Gambit Exposed

Nobody believed the “uncertain­ty” gambit to begin with – with the possible exception of those who blindly follow the Fox News Pied Piper. Certainly Congressio­nal Republican­s never believed it. It was always rubbish, a talking point. However it is now and will continue to be spun endlessly.

At he heart of the spin is the idea that the wealthy are beset by high taxes and if they are given one more tax cut – just one – jobs will fall from the sky.

The second part of the gambit is that corporatio­ns, that is, the wealthy, are laboring under a crush of regulation­. If we would only deregulate­, guess what, jobs will fall from the sky.

It is such a good gambit that the Backstabbe­rs Wing of the Democratic party has embraced it. It gives them the excuse they need to support more tax cuts for their wealthy donors and deregulati­on for their corporate sponsors.  After all the big money boys are having pangs of insecurity about taxes and regulation.  Oh, the scary nightmares the rich must be suffering from.  Worse than a Halloween boo.  

It is, of course, and has always been, a ruse.  The only uncertainty is no uncertainty at all.  Folks with no money aren’t going to buy.  Get it. Demand for products has tanked.  So why invest? Well, you don’t.  Best to sit on a couple trillion as the corporations are now doing.  

Now here’s a formula you might want to consider: Uncertainty equals GOP bullshit.

Read the Article at HuffingtonPost

November 13, 2011

Committee Announces MVP Award

Pasta Fagiola, Italy

The Nobella Prize Committee announced the latest winners of its MVP award.

Glossy color postcard of Wall Street, New York...

Nice old timey picture of the Street where crime is rampant. But not street crime. White collar crime. Image via Wikipedia

The Committee gave its Most Valuable Putz prize to honor Wall Street bankers and investors who scammed millions of Americans by scarfing up untold numbers of subprime mortgages and then bundling them in to bonds called Collateralized Debt Obligations. In a twist of pure financial genius these bankers then sold the worthless bonds to unsuspecting investors many of whom were local school boards and county and state governments who bought into the scam.

The investors lost billions of dollars, destroying numerous pension funds in the process. However, the banking firms earned record profits while managing to wrest trillions of dollars in welfare payments from the taxpayer and the Fed.

The bankers of course contributed millions of dollars in protection money to the DC government and sure got their money’s worth in the deal.

A slight hitch occurred when the real estate bubble caused by these unsavory practices burst. Nevertheless the bankers made out like bandits. And nobody cares about pensions for a bunch of working slobs anymore anyway.

Congrats Wall Street bankers. You have earned your Putzie.

Winners of the MVP award receive a statuette named the PUBAR engraved with the words “Putzed up beyond all reason.” Known as the Putzie the statuette is made of rusted metal stolen from an auto junk yard. The Putzie is given while supplies last and unfortunately for the current winners supplies just ran out.