Blog on the Run: Reloaded

Sunday, June 27, 2010 8:51 pm

Quote of the day

Filed under: Deport these treason monkeys! — Lex @ 8:51 pm
Tags:

John Cole of Balloon Juice: “The military is supposed to be a weapon used when diplomatic policies fail, not a political wing of the national security state.”

Advertisements

Wednesday, January 27, 2010 11:06 pm

Odds and ends for 1/27

And people think I’m crazy for suggesting that Obama is as bad as Bush: Marcy flags something that the Washington Post’s Dana Priest wrote down but apparently failed to grasp the significance of: “Somewhere there’s a list of Americans who, the President has determined, can be killed [by their own government] with no due process.” OK, I’ll say it: Impeach him. I’m dead serious. Because if what Priest reports is true, the president has illegally and extraconstitutionally conspired to commit murder.

Think George W. Bush will watch on teevee?: Britain’s former prime minister Tony Blair testifies Friday in the inquiry into that country’s decision to join the war in Iraq. Even if he escapes indictment — and that is far from certain — Blair’s place in British history appears sure to fall into the Brit equivalent of Warren Harding country.

Cue ominous music: The SEC voted 4-1 today to suspend automatic redemptions from money-market funds. People who value these investments for their liquidity now have no reason to value them. Let the stampede begin. What’s the larger meaning? I have no idea, but I’m about 98% sure it ain’t good.

The banksters screw us again: Citi temporarily tamped down some of the criticism of its big bonuses by announcing that every part of anyone’s bonus over $100,000 would be paid in stock, not cash. The idea is, you tie employees in to the company’s goal of long-term growth and profitability. Which would be great if the stock weren’t redeemable for a couple or three years. But this stock? Will be redeemable in April. As stock bonuses go, that’s practically cash.

How the banksters screwed us the first time: The so-called “Schedule A,” the list of crap mortgage-backed securities that the New York Fed took off AIG’s hands at 100 cents on the dollar when they were actually worth around half that, has finally been made public. Not sure exactly what it will mean, but inasmuch as the NYFRB tried to keep this list secret until 2018, you can be reasonably sure it’s nothing good.

Smoking gun: Goldman Sachs could and should have had to eat some of its bad investments in 2008, but the New York Fed let it off the hook, documents show. That’s the same New York Fed then run by our current SecTreas, who REALLY needs to be returned to the private sector posthaste. Oh, wait: He has been a “public servant” his whole life. Well, that’s OK. After what he appears to have done for Goldman, they should pay him a princely sum for life and not even require him to show up for work. Then they’d have a slight taste of how we taxpayers feel, except for the part where they NEVER ACTUALLY DID ANYTHING FOR US, not that I am bitter.

Cops bumping into each other: Joining the House Oversight Committee in looking into the New York Fed’s bailout of Goldman Sachs and AIG is Neil Barofsky, Special Inspector General for the Troubled Asset Relief Program, better known as the bank bailout program, who testified today before Congress.

Oh, and lookee what Mr. Barofsky had to say: “According to these [Federal Reserve Bank of New York] executives, then-President [Tim] Geithner ‘acquiesced’ to the executive’s proposal. When asked by [Barofsky’s office]  if the executives felt they had received their ‘marching orders’ from then-FRBNY President Geithner to pay the counterparties par [instead of the roughly 48 cents on the dollar they actually were worth], one FRBNY official responded ‘yes, absolutely.'” But … but … Geithner and the White House both say Geithner wasn’t involved in the decision to screw taxpayers by paying AIG customers (including Goldman Sachs) more than they should have. So somebody’s lying. And Barofsky’s the one under oath.

And the hits just keep on coming: A report from Rep. Darrell Issa, ranking Republican on the House Oversight Committee, nails Tim Geithner’s butt to the wall.

Memo to commenters on this article: Genocide is not a contest. There is no prize.

If Steven Pearlstein were president, he’d say the state of the union sucks.

Mixed blessing: In his article “Appalled in Greenwich Connecticut [sic],” downloadable (.pdf) from his site StumblingonTruth.com, Clifford Asness of AQR Capital Management, whom I have not read before, combines grossly unfortunate metaphor (“Unfortunately for this President, he will, I hope, find the financial community not cowering from his Cossacks on a shtetl in the Pale of Settlement (Greenwich, CT), but meeting his accusations with logic and patriotism.”) with both an entitlement mentality AND common sense (“So, how do you fix too-big-to-fail? Well, this is complicated, give me a moment. I got it. You let them fail.”). For a quant, he manipulates words real purty. I may return.

The problem with cutting Medicare and Medicaid: Abe Sauer explains.

Tax the rich! Tax the rich! Oregon’s doing it. Sort of. A little. For the first time in 80 years. But the media is all Scott “Our Next President” Brown, so if you don’t hear about this, that’s why.

Wrong AND lame: President Obama’s proposed 3-year freeze on domestic discretionary spending is not only exactly not what the economy needs in a time of depressed consumer demand, it’s also almost meaningless in its effects on the budget deficit, given that it doesn’t affect big-ticket items like defense, wars, interest on the national debt or entitlements. It’s one more example of trying to appear to people who believe you incapable of doing the right thing that you’re doing the right thing. You will never win those people over, so you ought to just go ahead and do the right thing. Simpler. More effective. Pisses off the people who are wrong. Everyone’s a winner.

Rhodes Scholar tackles spending freeze, president loses.

Related: A roundup of amusing reactions to the quote freeze unquote.

And if you want to look for budget savings, here’s a suggestion. Even George W. Bush’s last Defense Secretary thinks we’re spending too much on defense, and spending it the wrong way. Observes Spencer Ackerman, who covers this stuff for a living, “Everyone in Washington who studies the Pentagon budget quickly finds gobs and gobs of wasteful spending. Not some people. Not dirty hippies. Every. Single. Defense. Analyst.”

Can we like ACORN again? Reminder: O’Keefe’s videotapes were doctored. And August J. Pollak’s commentary on the case is short enough and good enough for you to hie thee hence and read it in its entirety. Go on. I’ll wait.

(pause)

Oh, good, you’re back. Moving on, then …

Conflict of interest: Tyler Durden points out reason to believe that Senate Majority Leader Harry Reid has a quite personal reason for wanting to see Bumbling Ben Bernanke reconfirmed as Fed chairman as early as Thursday.

Whoops! Not so fast, there, Fast Harry: Sen. Jim Bunning, R-Ky., claims to have documents showing that Bernanke overruled his advisers in approving the AIG bailout. And here we thought Harry Reid was just venal. Y’know, nothing is becoming Jim Bunning’s Senate career like his leaving of it. Maybe the old guy is going senile, but he’s actually, at long last, acting in the public interest here. Or maybe he just hates Democrats. Either works for me.

Hard cases make bad law, and this hard case has led a judge to make some awful case law.

You might want to put down the knife, Ms. Quinn, because the Secret Service does NOT mess around: Obama has been advised to make sure the bunny is secure. Commenter El Cid at Balloon Juice adds, “I think it’s kind of funny that Sally Quinn goes to the trouble of asking her readers to ‘indulge [her] for a moment’, as if that woman spends the tiniest femtosecond of her life not being indulged.” And this would be funny if every other Washington journalist weren’t just like her.

The teabaggers are “good Republicans even if they don’t know it.” That’s about the best description I’ve seen.

Speaking of good Republicans, the ones doing PR for the party are just top-notch: The GOP response to the State of the Union tonight was given in — I am not making this up — the hall where Jefferson Davis was inaugurated.

The public option: C’est popular. Corporations: pas tellement: In a Research 2000 poll in 10 swing congressional districts whose seats are currently held by Democrats, a majority of Republicans favor a public option, and a plurality of Republicans, 43%, say Democrats need to do more to fight big corporations.  In the single N.C. district polled, Larry Kissell’s NC-08, voters overall favor a public option by 73% to 16%, with 11% undecided, and a 59% majority of voters, the biggest majority of any of the 10 districts, said Democrats need to do more to fight big corporations. It’d be interesting to see the results if the vague “big corporations” was changed to “banks” or “health-insurance companies” or both.

Against it for all the wrong reasons: Polling ace Nate Silver points out that part of the reason health-care reform isn’t polling as well as its supporters wish is that sizable chunks of the population believe (bad) things about the bill that are objectively untrue.

Why wouldn’t a combination of high-deductible health-insurance plans and Health Savings Accounts fix the problem? That’s pretty much the question one of my cousins asked me in an e-mail the other day. Well, Nancy, here’s your answer.

It would be funny if these people didn’t effectively control the entire U.S. school textbook market: The Texas Board of Education [sic] bans Bill Martin Jr.’s Brown Bear, Brown Bear, What Do You See? from its third-grade reading list after confusing its author with that of the book Ethical Marxism.

Afghanistan Fail: The guy who once held Stanley McChrystal’s job running the U.S. military in Afghanistan and is now ambassador to Afghanistan says McChrystal’s anti-insurgency effort in Afghanistan is doomed.

Good news, for a change, for vets: Iraq and Afghanistan vets suffering from post-traumatic stress disorder but denied monthly disability benefits from the VA can join a class-action lawsuit to get their disability ratings increased to the level required by law, which will make them eligible for benefits. The relevant law was quite clear on what disability rating vets with PTSD are supposed to be assigned, so the fact that someone even had to sue over the issue is a disgrace and an outrage.

CBS: Morons: They won’t let people run factual advertisements about George W. Bush’s war crimes, but they’ll let Christianist wingnuts Focus on the Family run a forced-pregnancy ad during the Super Bowl. I think maybe I’ll just skip the game, then — all the best parts (i.e., the other commercials) will be on YouTube next day anyway. Also, I hope all the fans of Tim Tebow, who’ll star in the commercial, read this. The money quote comes from “an NFC South talent evaluator” who is most likely with the Bucs, since the Saints and Falcons are fixed for starting QBs and the Panthers have neither the money nor the draft pick to go after a potential first-round QB.

Don’t don’t-ask-don’t-tell: That well known military-hater, retired Gen. John Shalikashvili, who implemented “Don’t Ask, Don’t Tell” as chairman of the Joint Chiefs of Staff, says it’s time to repeal the military’s ban on openly gay people. I’d say that time actually was 1775, but I’m happy to welcome J-Shal to the bandwagon.

The lessons of Stuyvesant Town: But by all means, let’s re-confirm Ben Bernanke. Jesus wept.

Rush Limbaugh confesses that he AND the world would be better off if he killed himself: Only on The Onion, unfortunately.

Why Howard Zinn and not Rush Limbaugh?: Zinn, who came up with the radical idea that the history of a democracy shouldn’t be by and for aristocrats only, is dead at 87.

Would it be irresponsible to speculate that since he’s getting a divorce, Karl Rove is now free to woo and wed Jeff Gannon? It would be irresponsible not to.

OK, this is just weird:

You’re looking at the performance of Apple stock earlier today. That big dip came right around the announcement of the iPad. I’m not sure what it means, but I’m pretty sure it ain’t what the Apple board expected.

Best. Apple. Humor. Ever.: The Wikipedia Entry for the iPad (until today): “iPad was a prototype for a feminine hygiene product that purported to digitize a woman’s menstruation cycle and store it on a password-protected Web server.[1]” More iPad humor here, but guys may want to give it a miss.

Keith Richards, sober? Because he was so upset by how hard Ron Wood fell off the wagon? I think The Awl says it all: “If Keith Richards stops drinking because he thinks you have a problem, well, you have a problem.”

This cannot possibly end well: George Lucas is producing a computer-animated musical.

And you thought Blog on the Run was minor-league: I’ll have you know this blog has just 35 fewer paying customers than Newsday.com, so there. And that’s after spending $4 million less on my site design than Newsday spent on theirs!

And you thought my carpal-tunnel syndrome happened because I type a lot.

How Japan intends to win the World Cup (this one goes out to my friend Beau):

(Note that the numbers on the radar are kph, not mph.)

And, finally, things journalists should know about polls:

Tuesday, December 1, 2009 9:50 pm

Odds and ends for 12/1

Green shoot (me): Delinquent balances underlying commercial mortgage-backed securities totaled $32.55 billion in October, up more than 500% from October 2008. They’re expected to top $65 billion by June, which would be a record 8.3% of the total.

Michele Bachmann, idiot: “Just over a year ago, 100 percent of the private economy was private.” Uh-huh. And just over a year ago, 100 percent of water was wet.

Jon Kyl, moron: The Arizona senator, who has repeatedly said President Obama needs to heed the request of Gen. Stanley McChrystal for more troops in Afghanistan, says any kind of deadline for getting them out — an “exit strategy” — would be “exactly the wrong way to go.” Perhaps he should have run that position past McChrystal, who said in October: “Gentlemen, I am coming into this job with 12 months to show demonstrable progress here — and 24 months to have a decisive impact. That’s how long we have to convince the Taliban, the Afghan people and the American people that we’re going to be successful. … That’s not a choice. That’s a reality.”

Alberto Gonzalez, imbecile: The former attorney general and unindicted co-conspirator, unable to find a job in any law firm, anywhere, or teaching law at any law school, anywhere, tells a political-science course at Texas Tech to “dream big” and hang in there until your crony network elevates you to power.

Mike Huckabee, deluded: Dude, God is telling you to pardon the wrong people. Plural.

Jason Linkins, not an idiot, moron or imbecile OR deluded: “I’d describe Politico‘s brand of journalism as banality, added to Scientology, multiplied by the spasmodic frenzy of a tween who hasn’t learned to displace their unfulfilled erotic needs onto emo vampires.”

Ben Nelson, just dumb, but United States Senator dumb, meaning he’s in a position to cause actual trouble: We need to pay for the Afghanistan escalation, but we don’t want to increase the deficit and we don’t want a war tax because we fought WWII without one, so let’s sell war bonds! (I am now cleaning my own gray matter off the walls of my study.)

Whom would Jesus card?: The Houston Salvation Army is among seven charities checking the immigration status of poor families before giving toys to the kids.

Things we don’t talk about when we talk about military missions and government spending.

Needed to create jobs: More direct infrastructure investment, fewer tax credits. This imbalance hobbled Stimulus I, which was no more than half as big as it needed to be to begin with.

The return of common sense: Fafblog on the war in Afghanistan: “Let us never forget just what’s at stake in the war in Afghanistan: nothing less than the success of the war in Afghanistan.” Pretty much.

Related: As the number of troops in Afghanistan grows, so will the number of contractors. Because that worked out so well last time. Comments Clavis at TPMMuckraker: “I think it would be cheaper if we simply paid the Afghanis to shoot themselves.”

Plus, he sounds exactly like Rush Limbaugh. Also.: MSNBC talk-show host Ed Schultz ain’t the sharpest tool in the shed. He had this to say about the Obama state-dinner party crashers (whom, I promise, I will mention no more): “What if one of them were a ninja? Obama could have been killed.” On hearing this, my thoughts ran roughly in this order: 1) Ninjas? Cool! 2) Yeah, and he could have been killed even though they weren’t ninjas. Idiot. 3) Pirates v. ninjas! 4) Obama v. Ninjas! 5) Obama v. Ninjas: The Video Game! (c) 2009 Lex Alexander. I win.

There are more things in heaven and Earth, Horatio David and Tamron, than are dreamt of in your philosophy: Of course they let bin Laden get away at Tora Bora on purpose. No other explanation comports with both the facts we have and Occam’s Razor.

And, finally …

Tiger Woods is changing careers: The Borowitz Report has the inside scoop.

UPDATE: I’m feeling generous, so here’s a bonus:

Write your own punch line: The COO of McDonald’s is retiring … for health reasons.

Must. Have.: Vodka. In a pill. (h/t: Maru)

Tuesday, November 3, 2009 11:37 pm

Why you should watch Jon Stewart and “The Daily Show”

Yeah, it’s entertaining as all hell. But even though Stewart insists he’s not a journalist and not trying to be a journalist, and even though this might even be true, the fact is that he and his show end up committing journalism — real, valuable journalism — from time to time.

The latest example has to do with journalist/author Jon Krakauer, who got a lot of publicity after saying Sunday on NBC’s “Meet the Press” that Gen. Stanley McChrystal, now commanding the U.S. military in Afghanistan, was involved in the cover-up of how NFL-star-turned-soldier Pat Tillman was killed by friendly fire. Thing is, he said the same thing weeks ago on “The Daily Show.”

So, knowing how many journalists watch “The Daily Show,” how was this overlooked? And, also knowing how many journalists watch “The Daily Show,” does this mean people with something they think the American people ought to know are going to start trying to say it on Jon Stewart’s set?

Interesting times for journalism. Good thing I’m out of it.

Blog at WordPress.com.

%d bloggers like this: