Good news, bad news: The good news: The S&P 500 is sitting on a ton of cash. The bad news: The cash came from being overleveraged and from failure to invest in existing business and/or growth, which will lead to bad future news on both revenues and employment.
It’s OK if you’re a Republican: The Obama White House gets criticized for attempting to manage the news cycle … by Karl Rove.
Shorter Peter Wehner: Sarah Palin hasn’t an idea in her head, but just because she’s both stupid and a whiner is no reason to criticize her. (No, I’m not making this up. Even better: I’m linking to Commentary.)
Why competence matters: New Orleans flooded after Hurricane Katrina because the Army Corps of Engineers messed up, a federal judge rules. Cue the lawsuits, and this is one case in which I don’t want to hear any whining about tort reform.
If you want to make an omelette heal a soccer player, you have to break a few eggs birth a few horses: This is the kind of alternative medical treatment for which I might well look for an alternative … any alternative. (h/t: friend and former co-worker Christie on Facebook)
Texas declares war on marriage: Does mathematics’ reflexive property of equality (a = a) apply to Texas family law? If so, then in banning gay marriage, the state might have outsmarted itself and banned all marriage when it added this phrase to its constitution: “This state or a political subdivision of this state may not create or recognize any legal status identical or similar to marriage.” And one of the legal statuses identical to marriage is, well, marriage. At least, so says the Democratic candidate for attorney general.
If you’re going to hire a hack, at least hire a talented hack: President Obama has named former Bush White House spokesbot Dana Perino to the Broadcasting Board of Governors, which oversees civilian U.S. government broadcasts. I’m trying to decide whether to be outraged or to conclude that it’s a good idea to have a propagandist in charge of propaganda. Or to conclude that it’s a good idea to have a propagandist in charge of propaganda but wish for a GOOD propagandist rather than Perino.
North Carolina’s Mel Watt is on the side of the demons in the audit-the-Fed debate. Those of you in the 12th District, which includes many of us right here in fair Greensboro, need to get in his face about this. Whether you’re in NC-12 or elsewhere, you can petition the appropriate committee leaders here. More background here.
Because Goldman Sachs didn’t have enough people qualifying for big, taxpayer-financed bonuses already: The vampire squid is promoting 272 people to managing director.
Sen. Thad Cochran, R-Banksters. (Bonus: background info on how U.S. credit card fees paid by merchants and passed on to consumers, are some of the world’s highest.) Memo to the Democrats, which will cost them far less than the advice they get from professional consultants: When your political opponent starts gouging the public, during the holidays, in the middle of a recession — when he basically hands you a chair and says “Hit me over the head with this!” — if you want to win elections, you hit him over the head with it. (Key phrase there being, “If you want to win elections …”)
“Nothing bespeaks personal character like the volatile use of violence on your opponents”: Chuck Norris confesses that anger-management issues rule out a political career for him. Hey, the first step is admitting you have a problem.
Why does Glenn Beck hate America? No, really.
Remember: Conservativism cannot fail, it can only be failed: Bonus fun: Fairness and Accuracy in Reporting is a “registered hate group.” Where do you register as a hate group? How much does it cost? How often does the magazine come? Do you get movie passes?
And, finally …
Today’s Quote of the Day, on how conservatives are blaming all electoral ills, including legitimate Republican losses, on ACORN, from Hullabaloo commenter “Pseudonymous in NC” (and, no, that’s not me; I only wish I had thought of this): “For wingnuts, ‘ACORN’ rhymes with ‘trigger’. That’s what this poll tells you.”