CorrenteCeci n'est pas une caption.
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When I first heard this song, I took it as an idealistic fantasy. Now, no-money is becoming a cold cashless reality for more and more Americans.
But maybe we'll still play guitars. Yeah, we'll play guitars!
A great tune, I hope you'll like it!
... keep the heat on!
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Per capita health care spending (2007):
United States: $7290
Switzerland: $4417
France: $3601
United Kingdom: $2992
Average of OECD developed nations: $2964
Italy: $2686
Japan: $2581
-- Bob Somerby
The text of HR676 (Medicare For All) as PDF (30 pages). The FAQ. Compare HR3200 with HR676.
Medicare for All would save $350 billion a year (study in New England Journal of Medicine).
In 2003, a young Illinois state senator named Barack Obama told an AFL-CIO meeting, "I am a proponent of a single-payer universal healthcare program*." -- Bill Moyers.
* Medicare For All.
Contact lambert_strether [dot] corrente [at] yahoo [dot] com (lambert strether) for all your pony needs. Overt and covert displays of realism ("cynicism") available at customer option.
POTL
, n. People Of The Lie. Coined by Christian psychiatrist and theologian M. Scott Peck in his book The People of the Lie, which is, among other things, an examination of the nature of human evil. Peck quotes Martin Buber:
Since the primary motive of evil is disguise, one of the places evil people are most likely to be found is within the church.
Additional excerpts can be found here. "Utterly dedicated to preserving their self-image of perfection, they are unceasingly engaged in the effort to maintain the appearance of moral purity. They are acutely sensitive to social norms and what others might think of them. They seem to live lives that are above reproach. The words "image", "appearance" and "outwardly" are crucial to understanding the morality of 'the evil'. While they lack any motivation to be good, they intensely desire to appear good. Their goodness is all on a level of pretense. It is in effect a lie. Actually the lie is designed not so much to deceive others as to deceive themselves. We lie only when we are attempting to cover up something we know to be illicit. At one and the same time 'the evil' are aware of their evil and desperately trying to avoid the awareness." Peck's material, I feel, has great potential for analyzing and deconstructing the nature and behavior of the wing of the Republican party that has captured our government. With the caveats, that Peck raises, that evil is very dangerous to analyze--since we are, after all, all vulnerable to it.
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Money, money, money: It's a rich man's world....
Naked Capitalism asks if the bailout trough is nearing empty and when new requests will be turned down. Is impressed, however, that all of a sudden, when it comes to aiding Big Biz and banksters, BushCo sees a need for fairness. Heh.
There are interesting quotes from a subscription only WSJ article.
Bernhard at Moon of Alabama asks if the US will find itself tapped out--links to article about the GEAB prediction of possible debt default by the US in 2009. Quotes from Barron's article, "Uncle Sam's Credit Line Running Out?" Good post and comments.
Bernhard says that based on what he's seeing, along with the lack of transparency to permit sufficient data points to be gathered, he has no real idea of where this Big Me$$ will lead.
And, while he has said earlier that declaring Credit Default Swaps or at least the side bet derivatives null and void would have helped, it's not happening, from what I can see.
I'm feeling like a long tailed cat in a room full of rocking chairs.
One of ABBA's versions.
Chairman of Standard & Poor's says US may lose AAA debt rating
due to high indebtedness.
Per comment by guest on CNBC, Martin Hennecker of Tyche.
"The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.
Video of segment at link (about 7 minutes; discussion of Chinese economic situation until about 2:45 into video).
Money, money, money....
Sorry to harsh the mellow of the posted song, but, hey, it's sort of on point for the thread....
Moody's started warning back in January
Here, for example, in the FT.
Having emptied the Treasury for the bailout to pay for their own losses at the track, Big Money will now proceed to steal Social Security, because it's the only pile of money that's left. That's what Standard and Poor's is saying.
NOTE Buffett owns 20% of Moodys, like Standard & Poor's, one of the ratings companies that were so instrumental in enabling the credit crunch with fake ratings that kept the prices of toxic derivatives artificially high.
"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi
"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi