The Stars Hollow Gazette

I can hardly make sense of it anymore.

Things seem to be spiraling faster and faster circling around a black hole of an energy drain.

Trouble in River City my friends.

I had my dad insist tonight there was a deal, but there’s not nor is there any indication that this one is a good one-

It’s not $700 billion in a lump (a made up number anyway).  It’s subject to legislative and judicial review.  It’s punitive in terms of executive compensation.  It will purchase equity except that most of it won’t.

Or so people say, but they’re the same people who said things were ok in the first place so why should I trust them?

Krugman is mildly in favor, Sirota thinks it’s a sellout.  Pelosi is peddling that there isn’t enough discipline among House Democrats and who knows?  I don’t think I’d vote for it.  Calls are said to be running 100 to 1 against.  It is a Republican policy meltdown and is correctly labeled that way in public perception.

Notable items on my agenda that are missing or unclear is where is the attempt to shore up the underlying asset rather than the 40x leveraged derivative?  I think that would be a heck of a lot cheaper.  And why do you want to maximize buy in?  This is not fucking flood insurance.

I don’t get the urgency either.  The fact is that given our actual economic activity we ought to be trading 2000 points lower and it will happen sooner or later.  Forty days is going to change things a lot.

Or not.  It’s very disappointing to hear dial backs in the urgent program of public works and infrastructure projects including green energy.  How come we’re not spending an Iraq Occupation on them?

And Chinese me no Chinese, someone who owes you a billion or 2 is a thief, a trillion or 14 a valued customer.

Or in for a penny in for a pound and as any fool knows a pint is a pound the world around and if you’ve ever paid $2.50 for a beer you know how true this is.

8 comments

Skip to comment form

  1. Have I mentioned I’m not an economist?

    • RUKind on September 29, 2008 at 8:52 am

    And it didn’t work. This meme has been unfolding since 1968 and Nixon. You could see it in Reagan when he prayed with Pat Roberts and Jerry Falwell. It was like whoever squinted their eyes shut the hardest would get their prayers answered. Just pucker up and try to look very, very serious for the tubes. Didn’t work, either. The current clown believes that if he just believes it then it will be. He’s one very uncurious George.

    I think McCain feels that he can control the dice with his mind. Too bad that his mind is failing fast. I’m calling my critter, Delahunt, first thing in the morning and asking him to vote NO until I, and you, and all of us, get to read and dissect the entire bill online for say, thirty days. Sounds about right.

    It’s an online world and most of us are as smart as our individual congress-critters. Let’s try some participatory democracy for change. Give the great unwashed the raw data feed and let them digest it for themselves. Get some Main Street input. Fuck Paulson and Bernanke; they’re out for their own kind.

    Me – I’m just praying for the whole truth of these last eight years to come to light. There have been a lot of cracks starting to show in their coverup the last week or two. Maybe I need to try that squinting thing. Just blow it wide open.

    Satya.

  2. Damn, that’s about 40% less than my local pub.

    As for the urgency, it’s only because BU(ll)SH(it), and Paulson, say so. So, of course, there is no urgency. Except what they might pull if they don’t get their way.

    Thanks, Nancy. If impeachment had been the first order of business in January 2007 this wouldn’t even be an issue.

    Further down the rabbit hole we go….

    ‘Twas brillig and the slithy toves,

    Did gyre and gimble in the wabe….

  3. I have a statistician friend who could use a job and would be happy to manipulate the information garnered from responses from the public.  The idea of involving The People AFTER the behind-closed-doors discussions could catch on with Main Street.  

    I object to the use of Main Street to indicate the common folk.  Main Streets are usually places of commerce, not places where people live.  We the People become consumers, a change I resent having thrust upon me.  Buying things is such a small part of existence.  

  4. I like the phrase: If you owe the bank $10,000 it is your problem, if you owe the bank 10 billion, it is the banks problem.

Comments have been disabled.