A safe bet
March 15, 2008
Here’s how I think the rest of 2008 will go politically:
- Hillary and Mr. Bill will beat Obama to the nomination with a combination of questionable decisions by the Democratic Central Committee, last-minute superdelegate switches, and other undemocratic means
- Hillary will then make an eloquent appeal for party unity, which will be ignored by millions of disappointed Obama voters
- McCain will whip her ass in the general election.
- She will then blame Obama, Ralph Nader, the New York Times and National Public Radio for her defeat–in fact, she never stood a chance against McCain.
- The public, unaware of McCain’s solid right wing credentials and violent temper, will find themselves in the grip of that scariest of all democratic governments, the elderly disengaged figurehead president advised by a bunch of unelected out-of-control think-tank boys who will all resign some day or face treason charges.
Why did Hillary never stand a chance against McCain? Because she’s irritating. She irritates me and she irritates you. Admit it. Who wants to be scolded for four years? Sorry, but there it is..
My next blog will be on a really exciting subject, the real reason the Republicans want warrantless wiretapping. I’m sure my zero regular readers will want to be there, so make a note.
Sub-prime (rhymes with slime)
March 11, 2008
Wait a minute! Let me get this straight.
For years these people have fallen all over themselves telling me how “poor” my credit is, have charged me tens of thousands in extra interest and prepayment penalties, meanwhile helping themselves to large fistfuls of my money, who have charged me interest rates for which the only word is “usury”, this in spite of the fact that I have never cost them a penny, have always paid them, if not on time, then with whatever penalties and service charges and fees and other unjust enrichment they demanded.
Now these same people and institutions
- are asking for, and getting, direct assistance from their good friend George Bush, and from the Fed
- are crying foul because the bond-rating services overvalued various poorly-understood derivatives
- are rushing to hide their own complicity, the pressure they put on those same rating services, on appraisers, on auditors and actuaries, their wishful thinking and willful ignorance, the blind eye they turned to this situation as it developed over the course of years
- will eventually need a taxpayer bailout for all the well-known reasons (too big to fail, restore order to the markets, confidence-building measures, national security)
Several years ago I got an especially nasty dunning call during dinner, so nasty in fact that only the presence of guests kept me from using the F-word. At the time, the only thing that struck me (apart from the caller’s unusual rudeness) was the fact the dun was outsourced to an Asian country whose capital is New Delhi. But who do you suppose was willing to intrude on a peaceful evening for $175 (which was several years old and disputed?) If you said MCI/WorldCom, you were right, MCI, the largest Chapter XI filing in U.S. history. When the smoke cleared, MCI bondholders were paid 36.5 cents on the dollar, MCI shares were worthless and Bernard Ebbers was on his way to prison.
Maybe if the financial institutions had left a little more money in people’s hands, if they hadn’t been quite so greedy I mean, … nah, never mind