Archive for September 22nd, 2008
McCain’s Chief of Staff is Like Totally Gay
This seems kinda big. John McCain, opposer of gay rights, champion of intolerance, has a gay chief of staff. Mark Buse is not only gay, but super-on-fire flaming. Reports are trickling in that Buse likes to have raging sex parties and has a sling in house (located in the closet, of course! Oh the irony…). Long time homophobe and massive hypocrite John McCain is supposedly fully aware. Details here:
While McCain voted against the Federal Marriage Amendment, he supports amending state constitutions defining marriage as between a man and a woman. McCain knows our country needs everyone who wants to serve in the military and he knows that DADT is wrong, yet he swings to the right on repealing it.
Worst of all, and a demonstration of his inability to act rationally and with the country’s best interests at heart, he picked someone who, if she becomes president (very likely), will be the most homophobic in American history.
That’s right, Buse, self-hating gay man, is working his ass off to get Sarah Palin, a person who belongs to a church that believes homosexuals should be “converted”, elected to the second highest office in the land.
Full on interview with Buse’s ex-boyfriend here.
Man, I hope someone asks the prom queen what she thinks of Buse. Oh yeah, that’s right, McCain doesn’t let her speak.
Side note: I thought about doing a Chief of “Staff” joke, but decided against it.
New Poll Numbers
Well, this is disconcerting. Seems for the first time that I can ever remember, NOBODY likes the way the national economy looks. Seriously. ZERO PERCENT of people polled thinks things are getting better in this country. That’s right, fucking ZERO!
American research group has released it’s latest poll data and the results are interesting. Graphs and charts after the jump… Read the rest of this entry »
Bitch, Bitch, Bitch
Big time war hero and his “pitbull” sidekick are doing what all war heroes and pitbulls do, crying like little bitches. (Wait, something’s wrong here. Can you tell what it is?).
Anyhow, the war hero and the pitbull, who are going to follow Osama Bin Laden to the gates of hell (but not to Pakistan, which is kinda the same thing) are crying like little girls today that the New York Times is a “pro-Obama advocacy organization.”
Oh and yeah, apparently the New York Times is “not”, as far as McCain-World is concerned ” a journalistic organization.” Which I’m sure comes as news to the hundreds of journalists who work there.
Seems the NYT is incurring the wrath of the cry-baby campaign because it has the nerve to— gasp!— tell the truth. Not very “journalistic” of them at all. Truth telling! Where the fuck do these assholes get off!
Road to Nowhere Opens
How will the prom queen spin this one? Her Road to Nowhere, a $25 million gravel road leading to the site of the bridge that Palin championed but now lies about, opened this weekend in Alaska. The road was built with federal tax dollars.
The 3.2 mile road will serve as a running track for 5k and 10k races and perhaps useful to hunters so that they need not trudge through brush during their attempts to kill things, but that’s about it.
See Palin was for the bridge before she was against, but even after she turned against the $400 million project, she sure the hell wasn’t giving any of the money back. That’s why she built the $25 million service road to approach the bridge (that doesn’t exist). So she was able to keep the federal cash.
John McCain says he opposes pork barrel spending. His choice for VP seems to indicate that he places politics above principle.
Maybe McCain Can Remember How Many Cars He Owns?
13.
Richie Rich and his sugar mama own 13 cars. Snooty liberal elitist Barack Obama owns 1.
Click here.
Yikes. Krugman Hates “The Plan”
Allow me to summarize what Paul Krugman has to say about the proposed Bush bailout: It Sucks.
Among his points: That a $700 “bailout” basically consists of the government buying up $700 billion dollars in bad assets (i.e., mortgage back securities). Krugman believes that while that may, emphasis “may”, break the cycle of deleveraging going on on Wall Street, that the real solution is to provide more capital to the system. Under this idea if we are to be providing capital to Wall Street we should get an “ownership” share so that if the plan does work the gains don’t just go to the people who made this mess in the first place.
Interesting point.
Full article here.
Problems is, see this post, here.
Uh-Oh.
I guess it was inevitable. People are starting to fiddle with the proposed bailout plan of capitalism. The Times is reporting this morning that Democrats, Republicans, and even financial companies are all beginning to lobby for what they want out of the upcoming bailout. Half of it doesn’t sound half bad: Oversight of the Treasury Dept., guarantees that any profits from the new program go directly back to the Treasury, etc.
Problems is, markets, all markets, are tenuous at best right now. If there is even the slightest hint that the Administration and Congress cannot make a deal, or even that a deal may be delayed due to squabbling, it could be devastating to market confidence.
Full story here.
Gilded Age Officially Over
Goodbye to All That…
You may have thought that the credit crisis or the subprime meltdown signified the end of the modern gilded age on Wall Street. You may have thought that the collapse of Bear Stearns, Merill Lynch, AIG was the end. You may have thought it was last week when the U.S. Government decided to bailout capitalism to the tune of $700 billion.
You’d be wrong.
The New York Times is reporting this morning that Goldman Sachs and Morgan Stanley are requesting, get that: requesting, to transform themselves into bank holding companies that will be subject to far greater regulation, close supervision by bank examiners and other government agencies. This means that the last two independent investment banks on Wall Street are throwing in the towel on the old way of doing business (wasn’t “old” until last week). It is, in fact, a “blunt acknowledgement that their model of finance and investing had become too risky and that they needed the cushion of bank deposits that had kept big commercial banks like Bank of America and JPMorgan Chase relatively safe amid the recent turmoil.” According to the Times.
Goodbye to seven-figure bonus and “lavish perks” for midlevel executives and hello to a Wall Street the way it was prior the great depression. This is the end. There is no more separation between investment banking and commercial banking in the United States.
