Monday, November 30, 2009
Saturday, November 28, 2009
I don't remember it coming up, but I refer everyone back to the early sixties and Viet Nam, let alone the 80s and the Soviets and Afghanistan. There's a reason it's called the graveyard of Empires.... ask Alexander or the Brits....
Don't blame the Dems for this mess; it's all squarely in the laps of St Ronnie and St Howard (Jarvis)
Key graf: "The number one reason we pay so much more for health care has nothing
to do with overusing care because of a fee-for-service system. It is
just that the "fee" we pay for those services is so dramatically higher than any other nation’s."
Friday, November 27, 2009
Wednesday, November 25, 2009
Tuesday, November 24, 2009
Monday, November 23, 2009
Steve Kyle at AmericaBlog has a long post on the benefits (financial, economic, and psychic) of reigning in the obscene profits (for basically doing nothing) of Goldman and their ilk. Being an investor, and primarily in the instruments in question (deriviatives), I'm leery of over-regulation (or random regulation)But since the 'repeal' of Glass-Stegall in 99, the proitability of the majors has skyrocketed, primarily on the creation of ether, and the stability of the market has plummeted. Market efficiency has been shown to be an elusive dream in the face of obscene short term profits. Who cares if the market crashes next week, if I can get my 1.5 billion today- it'll still be worth a half billion afterwards BOOHOO
So this is one case where I'm all in favor of regulation, even if it may hurt me in the short run. This has to be reined in, or the idiots on the Street will destroy the system.
I think he sums it up well when he says "I, for one, would be very happy with less efficiency but more stability." Amen.
The key difference between the parties, ideology aside, seems to be that the Repugs are willing to say anything, regardless of truth or consequences, these days. The Dems may stretch, or embellish, or polish, but, with a few exceptions (mostly Conservadems who probably WISH they could be Repugs :) ), they don't go for ...the Big Lie the way, or with anything like the gusto, the Repugs do. Note: Joe Lie-bermann is no longer a Dem ;)
We need to yank the tax exemption from every church that has ever, once, opened its mouth on any, one, political topic. And if I had my way, we'd make it retroactive to the sixties, levy interest and penalties and give them 30 days to pay or we seize everything. Then sell their property to casinos, pimps, and gay activist groups :) That'll teach em! :)
Tuesday, November 17, 2009
Iyee! I want regulation of the finserv business (with teeth!) but let's keep Congress as far from the levers as possible. If they want to set limits or triggers in the establishing legislation fine, but not on a day to day basis. Yeesh. Michele Bachman or Mike Pence with a foot on the accelerator (or brake) scares the piss out of me.
Sunday, November 08, 2009
The only way to curb corporate crime is to put the really egregious offenders out of business with horrendous fines. Yes, it punishes the innocent stockholders, but for the most part, stockholders aren't innocent mom and pop types. They're enormous money and fund managers who acquiesce to anything mgmt wants instead of... functioning as active stock holders. Burn them enough times, and they will take their duties as board members, and as fiduciaries to their investors, more seriously.
I dont shop at Wal Mart, but now I'm an activist. Fuck them till they die, and may all the Waltons break out in pustulating boils!
Since it isnt showing the link in the post, altho it shows up in editing
Wednesday, November 04, 2009
Gov. Rick Perry leads U.S. Sen. Kay Bailey Hutchison by 12 percentage points in the Republican primary for governor, but she does better than him in hypothetical matchups with Democrats in next November's general election. In the inaugural University of Texas/Texas Tribune Poll, Perry had the support of 42 percent of self-identified Republican primary voters, against Hutchison's 30 percent.