Blog on the Run: Reloaded

Tuesday, January 26, 2010 12:17 am

Odds and ends for 1/25

Enron may be dead, but its ghost continues to mess with us: “White House and Congressional Democratic leaders say they now believe that they have the 60 votes needed to block a filibuster of Mr. Bernanke’s reappointment.” … “… strategy on the Bernanke confirmation was being led by former Enron lobbyist Linda Robertson, who is viewed as an effective advocate for the banking chief on Capitol Hill.” But don’t worry — the president’s going on TV Wednesday night to assure us he feels our pain.

Heckuva job, Bernanke: The Fed is required by law  (12 U.S.C. § 225a) to manage monetary policy so as to create jobs for as many people as possible. True story. It also is required to report semiannually on what steps it has taken to comply with this and other requirements. What did its most recent report say about creating jobs? Not bloody much. So explain to me again why this guy should get another four years in the job.

You can pay me now or pay me (a lot more) later: Cutting early-childhood programs hurts jobs now, costs society more later, research shows. My experience covering politics leads me to believe that the kind of people who oppose this sort of spending are not, in general, the type who tend to be convinced by science/research, but, what the hell, I’ll post it anyway.

Yo, Pat, it wasn’t the devil who cursed Haiti. It was Thomas Jefferson. (h/t: Jill)

How could we help Haiti long-term? Cancel its debt, for one thing.

If anything more progressive than the Senate health-care bill is politically dangerous for Democrats, then why is the guy charged with getting Democrats elected to Congress telling Obama and the Senate to shove it?: Maybe because he has seen this polling. Retiring Rep. Marion Berry, D-Ark., on the other hand, clearly has not.

Memo to HuffPo: Your games are no fun when you let the irony-impaired play. (h/t: Beau)

Holy crap: December existing-home sales, expected to be down 10% (or, per Goldman, 15% at worst), were in fact down 16.7% from November, the biggest one-month decline in history.

Speaking of real estate, the biggest real-estate transaction in history has gone into default. Corollary: Apparently it’s OK for real-estate giant Tishman Speyer to walk away from its debts, but don’t try this with your underwater home, kids.

Prisoner’s dilemma, in that everyone who doesn’t work for Goldman Sachs is kind of a prisoner of everyone who does: Goldman Sachs’s chief bull, Jim O’Neill, has gotten somewhat ursine. So does that mean that they know the economy’s going to get worse because they’re running it, or does it mean they want us to think they think it’s getting worse so that they can bet on improvements, engineer those improvements, and win? Decisions, decisions.

Priorities in a post-peak-oil reality, from James Kunstler: “The money that went into propping up the automobile companies could have been used to rebuild the entire railroad system between Boston and the Great Lakes, and the capital squandered on AIG and its offshoot claimants could have rebuilt everything else the rest of the way to Seattle. Is it really so hard to imagine what history requires of you?”

Classifying information to cover up a crime is, itself, a crime. So it makes me very curious to know not only what about the New York Fed’s plans to bail out AIG was kept secret from the SEC on “national-security” grounds, but also why that was done.

Health-care reform: a pictorial timeline (w/generous dollops of snark).

Shorter Michael Barone: How DARE we let the people who actually know what they’re doing decide things? Bonus Stoopid: He talks about knowing how to “manipulate words” like it’s a BAD thing.

We are a polarized nation, and because that’s the case, anyone hoping to prevail in an off-year election probably needs to forget about trying to appeal to the “broad middle” because there ain’t one.

Question for Sen. Bill Nelson: What, exactly, does “the left” control? Because it sure ain’t the White House, Congress or the Supreme Court.

Memo to Andrew Breitbart: Insisting that your questions are serious is no substitute for asking serious questions.

Memo to Harold Ford: Hell, no, we’re not going to cut taxes for you and your rich friends. In fact, jackhole, you’re lucky this country does not tax Stoopid. Hey, do me a favor, dude: PLEASE run for Senate from New York with that platform. I could do with a laugh.

The stimulus saved 1.2 million jobs, but the government needs to do even more, according to a USA Today survey of 50 economists.

They say hope is not a plan, but apparently, for the Obama administration (shorter WaPo), hope was a plan. Oy.

Which is more of a plan than Congressional Democrats have on finance reform.

If you’re going to believe Hitler was a leftist, then you also have to believe … Oh, the places you’ll go!

How to steal a trillion (and a half): John Hussman explains how it’s done.

Pity the rich and their oh, so difficult lives.

Prince Charles is part switchblade. Almost literally.

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Tuesday, January 19, 2010 8:36 pm

Odds and ends for 1/19

He got that nickname the old-fashioned way: Blogger Ben Shapiro betrays such staggering ignorance of how the world and people work that he was long ago dubbed “The Virgin Ben.” He has branched out into writing about cinema for know-nothing blogger blowhard Andrew Breitbart’s Big Hollywood site, and his virgin effort there suggests that he has never so much as held hands in a movie theater, either. (Tintin has better snark on this subject than I do.)

Dead. Bank. Walking: Citi lost $7.6B in 4Q2009. It should have been nationalized a year ago.

Why does Lisa Murkowski hate clean air and her own constituents’ villages?: On Wednesday, the Senate will vote on a measure sponsored by Lisa Murkowski, the Alaska Republican who is the leading beneficiary of utility-industry political contributions, to gut the Clean Air Act. Murkowski’s bill was written by two staffers she hired away from lobbying positions with the utility industry.

You know all those YouTube clips from the movie “Downfall” that have Hitler raging about everything from subprime mortgages to “The Tonight Show”?: The director of “Downfall” loves ’em. It makes me happy to know that.

So far the good guys are winning: Blogger Marcy Wheeler, herself a lawyer, says the plaintiffs’ attorneys in Perez v. Schwarzenegger are outlawyerin’ the attorneys for the defendants (i.e., gay-marriage opponents). She also says science is winning, which is even better news.

More from Marcy: “Call me crazy, but …”: The FBI, between 2002 and 2006, illegally collected more than 2,000 U.S. telephone-call records. “Call me crazy,” Marcy says, “but since we know the FBI and NSA were illegally wiretapping organizations like al-Haramain in 2004, you have to wonder whether this was an attempt to clean up poison fruit from earlier, even more illegal surveillance.” OK, Crazy Lady, yes, we do have to wonder this. But only ’til the forthcoming Inspector General report proves it, I suspect. UPDATE: IG report here (306pp .pdf); as of early 1/21, I haven’t read it.

Some of the best and worst of local-TV journalism, all in one clip. (h/t Neill McNeill on FB) Contrast with this, on an arguably far more serious subject.

Racism is dead. OK, maybe not. (Warning: If you read the comments under that column, your brain cells that die will not be replaced.)

Public service: Alan Wolfe reads Game Change so you don’t have to. Bonus: He concludes that the DFHs are right.

Public screwing: The Charlotte Observer lays off more people. Memo to newspapers: You can’t cut your way out of this crisis. Memo to commenters: It ain’t the bias, it’s the advertising, and, oh, by the way, I’d really like a 7.0 earthquake to take out your house tonight while leaving your neighbors’ untouched, you self-righteous jackasses.

Shorter James Kunstler: Reality will not ignore YOU (Where have I heard that before?): “… reality doesn’t care what anybody believes, or what story they put out.  Reality doesn’t ‘spin.’ Reality does not have a self-image problem.  Reality does not yield its workings to self-esteem management. These days, Americans don’t like reality very much because it won’t let them push it around. Reality is an implacable force and the only question for human beings in the face of it is: what will you do?”

RIP: Carl Smith and Kate McGarrigle.

Have they found a real, live (dead) chupacabra?: Nah. But it sure looked like one.

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