You poisoned my sweet water, you cut down my green trees
The food you fed my children was the cause of their disease
My world is slowly fallin' down and the air's not good to breathe
And those of us who care enough, we have to do something...
This is a chock-full Friday. With the anti-choice hypocrites in charge of the House, it didn't take them long to start having their usual foam-at-the-mouth conniption fits about that wimminz-only medical procedure that is none of their fucking business. Read below the fold...
Courtesy of Barry Ritholtz at his The Big Picture. Go look at the chart - very scary. Ritholltz notes: "MacroMan points out that Live Cattle Futures have gone parabolic; Daniel Dicker blames speculative derivative traders and a lack of oversight as the cause." Read below the fold...
Lincoln wouldn't be your first choice to accompany you to a party, even a political party.
By all accounts, he was a dark brooding man although not so much is written of his disposition prior to the death of his ethereal love, Ann Rutledge. Despite his hatred of slavery, he eventually married Mary Todd, a slave owner's daughter, after an on-again-off-again courtship. After the nuptials were scheduled, his answer to a casual question of his intended whereabouts was:
I think they have begun, sparked by Tucson.
The memorial rally is a clear signal to me that the President WILL seek re-election. He's not anticipating a primary challenge, so the campaign is already focused on side-lining probable general election contenders.
The MOTU want a contest between two bought and paid for corporatists - a true win-win for them. The President is determined to be the winning corporatist. The GOP have any number of wannabes to replace him.
Any action taken by the msm or the admin that doesn't seem to make sense will make sense when viewed in the light of "how does this affect 2012?" Read below the fold...
Americans: What in our world must change before we recognize how drastically a different course our civilization is taking from from our best potential future? The current social and political issues plaguing the United States may be viewed as a microcosmic representation of the massive social and political upheaval throughout the world. We must not mistake otherwise, and we cannot sugarcoat it: Many of these issues have arisen due to our direct involvement. Our economic fertility over the past 250 years has, by and large, have been paid for by the subjugation and rape of peoples the powers that be have found to be inferior. Read below the fold...
Right now we are in the "Making Sense of the Senseless" phase of the Arizona shooting. As sure as it is going to snow as soon as you get done shovelling, we are going to soon transition into the "What Now?" phase, followed by the "Legislative Action" phase.
So what are your thoughts on the what is going to be put forth in the "What Now?" and "Legislative Action" phases?
Turn on my V.C.R., same one I've had for years
James Brown on the T. A. M. I. show, same tape I've had for years
I sit in my old car, same one I've had for years
Old battery's running down, it ran for years and years
The dems in congress should reject this "deal" and let the tax cuts expire. If they do not they are making themselves irrelevant in 2012 and the whole government will once again go republican. Read below the fold...
Chalmers Johnson passed away Saturday at the age of 79. He was a valuable messenger about the scope and danger of American hegemony. A chilling quote: Read below the fold...
In a beautifully simple post that should crystallize everything for you, Professor Stephanie Kelton of the University of Missouri at Kansas City crystallizes the logic of the Sectoral Financial Balance Model for President, Obama, the Catfood Commission, the deficit hawks and doves and you and me. She says:
In a 'closed economy' (one without foreign trade), the government's budget position is, by accounting logic -- the negative of the private sector's (firms and households combined) position. Thus, a public sector DEFICIT is equal to the private sector's SURPLUS. To the penny.
So, in a closed economy, a Federal Government budget deficit adds to private sector financial assets, while a Government surplus represents a leakage and subtracts financial assets from the private sector. Or more briefly, Government deficits make private individuals richer; Government surpluses make private individuals poorer. Read below the fold...
Recently, my friend Marshall Auerback posted an article at New Deal 2.0 about Obama's coming “teachable moment” when the Republicans try to wring concessions out of the Democrats by refusing to raise the ceiling on the national debt. The post stimulated a lot of good discussion about alternatives Obama might have to shutting down the Government in response. Read below the fold...
