November 3, 2010 archive

Mortgage Bankers Get Another Bailout….$600 Billion

(Cross-posted from my place The Free Speech Zone)

Lower long-term interest rates in theory should ripple through the markets, affecting other rates, like those of 30-year, fixed-rate mortgages. That could encourage homeowners to refinance into cheaper mortgages, though it would not help the millions of Americans facing foreclosure.…

Analysis below…

Seeking Momcat

Hello Friends,

   Sorry for the lack of contact for the last severaL months, and the short diary, and calling her out, but it is really, really important that I get in contact with Momcat. I would be grateful to anyone who can put us in touch. My email is chacounne at gmail dot com

                With gratitude,



This Dog Can’t Hunt & Can’t Learn New Tricks

Woke up, rolled out of bed, a little groggy in my head from watching all those election returns.  I splashed some water on my face, went to my computer and turned it on, and shook my head in dismay when I saw my home page blazing the brain-dead headline:

Obama signals willingness to compromise

He didn’t notice that the lights had changed, and though it’s really very sad, I couldn’t help feeling indeed quite mad because I knew this would continue the whole world going bad:

WASHINGTON – A chastened President Barack Obama signaled a willingness to compromise with Republicans on tax cuts and energy policy Wednesday, one day after his party lost control of the House and suffered deep Senate losses in midterm elections.

Obama ruefully called the Republican victories “a shellacking.”

Continue trying to turn him on below the fold…

Primary Him.


Obama Signals Willingness to Compromise.

                                                                          Primary the SOB.


I’m done, totally done, with him.  



Freedom is free.

Open Burroughs


The Sun Still Came Up This Morning

So the midterms are over and who gives a rat’s ass?  In the grand scheme of things, politics doesn’t amount to a pisshole in the snow.

Here’s what’s really important –

Watch it.  Then watch it again.

US economic growth rate quickens

The US economy grew at an annualized rate of 2% in the July-to-September period, acceleration on the previous quarter, official figures have shown. The expansion came despite continuing high unemployment and weakness in the housing market. The 2% figure is an improvement on the upwardly revised 1.7% increase between April and June, but less than the 3.7% growth recorded from January to March. The Federal Reserve suggested last week it would do more to boost the economy. To do this, the Fed – the US central bank – is expected to announce next month that it will resume quantitative easing – injecting fresh money into the economy through the purchase of government bonds. Compared with the preceding quarter, the US economy grew by 0.5% between July and September. The economy is continuing to experience a slow recovery by historical standards, with the unemployment rate at 9.6% and Americans increasingly nervous about the future.

I Want to be a Real Boy!


The shows had been dull on the Main Stage the last two years. Predictable. Polite. Passe. Pat. So much so, that the audience, hungry for a not-trite answer, a thrill, any stimulation at all started attending all the little Side-stage productions that popped up. Ah, there it was, all the drama, the blood, the titillating sleazy sexiness that had been missing from the slow, dull plod of the main stage. Meanwhile, those hungry for a more intelligent play, one based on humanity, justice, honor and true love drifted away unsatisfied by either stage. They knew there was nothing for them here anymore.

Something is always better than nothing, when it comes to feeding an audience.

It was inevitable that the hate-porn charlatans would storm the boards of the hallowed hall of the Grand Theater and demand their shows be Top Billing. Goodbye Shakespeare, hello American Gladiators. Goodbye Dickens and Hemingway, hello Gaga.

The Puppet was dismayed, of course.

Well Welcome Brother and Sister Vets!!

To Our Reality!

All you younger Vets to another, of many, DeJa-Vu moments, this time the Country can’t afford what’s comin!!

On Social Security Investment, Or, What About Chile?

With the election over, it’s time to move on to new things, and the folks at the Campaign for America’s Future have asked me to do some writing about Social Security, which sounds like some big fun, so here we are.

We’re going to start with some reasonably simple stuff today, just to get your feet wet; by the time we get a few stories down the road there will be some complicated economic analysis to work through-but let’s begin today by looking a bit south.

Those who support privatizing Social Security in this country often point to Chile as an example we could follow, and that seems like a good place to get the conversation going…so set your personal WayBack Machine to Santiago, May, 1981, and let’s see what we can learn.

Muse in the Morning

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Muse in the Morning

Time for a break from poetry…in order to create some art.

When a true genius appears in the world,

you may know him by this sign,

that the dunces are all in confederacy against him.

–Jonathan Swift


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