- Questions more people need to be asking about the deficit, answered.
- Why, if I lived near DC, I might be tempted to burn a Confederate flag at Glenn Beck’s upcoming rally.
- I think the F-bomb has become a highly convenient excuse to keep adolescents from seeing a movie that shows how the American government screwed over an American hero and lied to his family.
- Apparently it’s OK for American journalists to write highly inaccurate articles as long as they do so in the right (pun intended) way. Relatedly, these days, a DC journalist, given the choice between giving a deserved screwing to a colleague and giving an undeserved screwing to the American people in general, will screw the American people every time.
- Governmental foot-dragging has its intended effect: Tom DeLay walks free. There are no consequences. There is no accountability. Rule of law? Ha.
- The Internet will be the death of the music bidness as we’ve known it. Of course, no one who has known it will shed a tear, but that doesn’t mean the bidness is going down without a fight. Now they’re partnering with the National Association of Broadcasters, another powerful lobby, to try to get the government to mandate the inclusion of FM radio in future cell phones. Good luck with that. Oh, and die already.
- The question isn’t why “Dr.” Laura Schlessinger “quit” her radio show after dropping about 11 N-bombs. The question is why any responsible broadcaster ever allowed someone with such obvious mental problems on the air dispensing advice in the first place.
- Despite rising wheat prices caused by Russia’s drought-driven ban on exports, U.S. wheat farmers aren’t sure they should plant more wheat. Why? They’re pretty sure the wheat market is rigged, just as it was a few years ago. Now someone explain to me again what social utility investment bankers serve. Relatedly, Harper’s makes the case that they’re just playing games with the world’s food supply.
- August: Stupid American Month.
- If The New York Times or CNN had contributed $1 million to the Democratic Governors Association, do you think the country would have responded with such a yawn? Me, neither.
- So will all the Wikileaks critics shut up now that the Pentagon’s own evidence shows Wikileaks tried to work with the Pentagon to redact sensitive information but was rebuffed? Yeah. I thought not.
- The oil from BP’s Deepwater Horizon disaster? Government reports to the contrary, it’s mostly still out there.
- When it comes to protecting our rights and our privacy, those commies in Europe are eating The Land of the Free’s lunch.
- You know how the government has always claimed Guantanamo detainees are “the worst of the worst”? In fact, the government lacks enough evidence to charge 3/4 of them with any crime at all.
- The $75 billion Home Affordable Mortgage Protection Act is a bust … because Congress, after approving the money, did nothing to ensure that bankruptcy judges would use so-called “cramdown” provisions to make sure the money would do what it was supposed to do. What has happened instead has left a lot of homeowners even worse off than if the government had done nothing and has hampered the recovery of the housing market. And the administration hasn’t bothered to try to get Congress to do the right thing. Heckuva job all the way around.
- Memo to Army Maj. Gen. Charles E. Chambers: Your punishing soldiers who opted not to attend a concert by an evangelical Christian rock band should carry punishment of its own: loss of your stars and your pension. You violated your oath to protect the Constitution, General, plain and simple.
- Robert Frank has an interesting proposal that could help both government and consumers: The government should buy up consumer debt, on which consumers are paying 20% and up, and charge consumers 8%. This would put more disposable income in consumers’ hands and give the government a substantially better return on its investment than the 2.8% or so that 10-year bills currently are paying. It makes so much sense that there’s zero chance Congress will pass it because it would hurt deny banks their current flow of blood money.
- Shorter Paul Volcker: Lending deregulation was bad because allowing higher interest payments on risky sub-prime loans encouraged banks to make more risky loans.
- Barry Ritholtz: We’re good at saying “What if we had done nothing?” about the bailout, but an even better question is, “What if we had done the right thing?”
- COOL (as it were): Scientists are working on a way to use carbon dixoide and certain kinds of bacteria to convert crude oil into cleaner-burning methane — while the oil is still in the ground. A separate effort is working on using solar power to convert CO2 to carbon, or carbon monoxide to, in turn, synthesize hydrocarbon fuels.
- I have found my Official Anthem for the Summer of 2010. Unfortunately, it’s a bit too R-rated to link to, but I’ll give you a hint: It’s by Cee-Lo, from his forthcoming album.
- Colombian Supreme Court to U.S. military: Don’t let the sun set on you in Bogota. Oops.
- Thomas Frank, author of What’s the Matter with Kansas?, leaves the Wall Street Journal and tears U.S. news media several new orifices on the way out the door (whether he also grabbed a beer is not clear).
- The U.S. Chamber of Commerce has apologized for a blog post suggesting that the male-female wage gap and the glass ceiling aren’t real problems, which might actually mean something if it would apologize for everything else it has said and done in that same vein for the past several decades. But it won’t, so it doesn’t.
- The American Family Association apparently believes our soldiers in Iraq died for nothing. Actually, so do I, inasmuch as that war was illegal from the git. But you know why the AFA believes it? Because Iraq is not a Christian nation.
- Would someone who considers him/herself a deficit hawk and supports extending George Bush’s tax cuts for millionaires please explain to me how we can afford to do that but cannot afford to put people to work?
- And, finally, this week’s tasteless joke, from D. Aristophanes at Sadly, No!:
A priest, a rabbi and an imam walk into an Islamic center two blocks from Ground Zero. The bartender says, ‘What’re you drinking?’ and the imam orders him beheaded because sharia law dhimmitude Allahu Akbar alalalalalalalalala flabberty jabberty jabber etc. etc.*
You’ve been a great crowd! We’re here all week!
*Also the priest molests the bartender’s kids and the rabbi drinks their blood.