McCain's Hail Mary
McCain is concentrating his money on media buys at the expense of GOTV (get out the vote) efforts. My knee jerk reaction was that this a stupid move. The very best use of money at the end of a campaign is insuring your voters cast their ballots. GOTV in vital for down ballot races. A strong GOTV program is the makings of presidential coattails, it brings voters to the polls who will also vote for congressman, senator, and dog catcher. Upon further consideration I understand why McCain is doing this.
McCain's campaign has realized that even if every one of their supporters vote they will still lose. A 100% effective GOTV program will still fall short. Even now, they need to concentrate on finding new votes and hope their supporters find the polls on their own. It's a gamble that can't hope to succeed. They will lose more votes by not having an organized GOTV than they could possibly gain through still more advertising and they are sacrificing dozens of House and Senate seats in the process.
Obama in the Desert
Obama is spending money advertising in Arizona. This seems like a waste of money. Going after Arizona's 10 electoral votes is a senseless extravagance. There is a method to this tactic.
The battleground states are already saturated with campaign commercials to the point of diminishing return - one more ad in Cleveland won't make a bit of difference. Moving a little money into Arizona forces the McCain camp to react at no practical cost to Obama's campaign.
More than most politicians, which is saying a lot, John McCain is driven by his ego. The thought of losing his home state to Obama stings worse than losing the whole election. The smart move for McCain is to ignore Obama's move into Arizona. But can McCain resist the compulsion to defend his home turf? If McCain reacts, the diversion of time and resources will hurt McCain's campaign.
This is how chess players defeat poker players.
Friday, October 31, 2008
Thursday, October 30, 2008
What the Gamblers Think
I refuse to predict the outcome of the election. I have an idea but I refuse to write it down lest I jinks the result. I don't mind looking at where the professional gamblers are placing their bets.
BetUSA
1 - 8 .... Barack Obama
9 - 2 .... John McCain
If you wager $80 on Obama they will pay off only $10. They predict an 89% chance of an Obama victory and an 18% chance of a McCain win (the difference is the bookmaker's vigorish).
Paddy Power
1 - 9 .... Barack Obama
5 - 1 .... John McCain
This Irish bookmaker announced he was closed his book two weeks ago and paid off his bets assuming an Obama victory. His website is still accepting bets giving Obama a 90% chance to win and McCain 16%.
Blue Square
1 - 16 .... Barack Obama
7 - 1 ..... John McCain
These are the longest odds I can find. Obama is given a 94% chance while McCain has a 12% victory chance.
Intrade
1 - 5 ... Barack Obama
5 - 1 ... John McCain
No vigorish on this site so the odds come out even. Obama has an 84% chance; McCain a 16% chance.
Conservatives convinced McCain will win easily should get their money down now.
BetUSA
1 - 8 .... Barack Obama
9 - 2 .... John McCain
If you wager $80 on Obama they will pay off only $10. They predict an 89% chance of an Obama victory and an 18% chance of a McCain win (the difference is the bookmaker's vigorish).
Paddy Power
1 - 9 .... Barack Obama
5 - 1 .... John McCain
This Irish bookmaker announced he was closed his book two weeks ago and paid off his bets assuming an Obama victory. His website is still accepting bets giving Obama a 90% chance to win and McCain 16%.
Blue Square
1 - 16 .... Barack Obama
7 - 1 ..... John McCain
These are the longest odds I can find. Obama is given a 94% chance while McCain has a 12% victory chance.
Intrade
1 - 5 ... Barack Obama
5 - 1 ... John McCain
No vigorish on this site so the odds come out even. Obama has an 84% chance; McCain a 16% chance.
Conservatives convinced McCain will win easily should get their money down now.
Tuesday, October 28, 2008
I've Known Politicians Like Palin and McCain
ABC News has a number of interesting little facts about Sarah Palin. I won't name names because one of them is a suer but I have known politicians that remind me of Palin.
One guy who ran for mayor of San Diego and a plethora of other seats (he's currently, thankfully, out of politics) has Sarah's lack of integrity. He is a consummate backstabber. He sat on an initiative campaign committee with me once and used that position to undercut our fund raising efforts. He told big donors wishing to contribute to our campaign to write the checks to a different campaign fund that he personally controlled.
Then there is a sitting Democratic congressman. He held a different office when I was a politically influential leader of the Sierra Club chapter. I was also at the time a personal friend of a different elected official. He sent a staffer to threaten me - if I didn't do as I was told he would destroy the career of my friend. The funny thing is I probably would have done it if asked nicely but his default action is to threaten people.
There is a sitting Republican congressman. (Okay, I'll name this one, Brian Bilbray.) To say he is as dumb as a post would be to insult posts. There is no issue where he is even marginally conversant. Unlike Sarah, Brian knows he's stupid. He is a shameless toady to anyone able to help him. His current master is Congressman Duncan Hunter.
And then there is John McCain. A sitting Republican member of the San Diego County Board of Supervisors I know is just about the nicest person you'll want to mean unless he suspects you of something. While this guy was on the San Diego City Council I bumped into his Chief of Staff on the street. We were having a meaningless, pleasant, hey-how-ya-doin' conversation when his boss drove by. The CofS turned white. He told me he was afraid he had just been seen by his boss talking to a known Democrat. His boss is known to have a thin skin and a violent temper towards anyone he perceives is a traitor.
One guy who ran for mayor of San Diego and a plethora of other seats (he's currently, thankfully, out of politics) has Sarah's lack of integrity. He is a consummate backstabber. He sat on an initiative campaign committee with me once and used that position to undercut our fund raising efforts. He told big donors wishing to contribute to our campaign to write the checks to a different campaign fund that he personally controlled.
Then there is a sitting Democratic congressman. He held a different office when I was a politically influential leader of the Sierra Club chapter. I was also at the time a personal friend of a different elected official. He sent a staffer to threaten me - if I didn't do as I was told he would destroy the career of my friend. The funny thing is I probably would have done it if asked nicely but his default action is to threaten people.
There is a sitting Republican congressman. (Okay, I'll name this one, Brian Bilbray.) To say he is as dumb as a post would be to insult posts. There is no issue where he is even marginally conversant. Unlike Sarah, Brian knows he's stupid. He is a shameless toady to anyone able to help him. His current master is Congressman Duncan Hunter.
And then there is John McCain. A sitting Republican member of the San Diego County Board of Supervisors I know is just about the nicest person you'll want to mean unless he suspects you of something. While this guy was on the San Diego City Council I bumped into his Chief of Staff on the street. We were having a meaningless, pleasant, hey-how-ya-doin' conversation when his boss drove by. The CofS turned white. He told me he was afraid he had just been seen by his boss talking to a known Democrat. His boss is known to have a thin skin and a violent temper towards anyone he perceives is a traitor.
Monday, October 27, 2008
Congratulations Alaska!
Ted Stevens (R-AK), the venally corrupt senator from the Great North, has been found guilty on all charges. He faces a maximum possible sentence of 35 years in prison and deserves each and every millisecond. Stevens has been in office for 40 years and has been an unscrupulous crook every moment.
The Great Disenfranchisement
Every American has the right to vote. That is as inalienable a right as the right to life or liberty.
John McCain can still take this election. I don't say "win" because that is impossible. He can take the election through targeted vote manipulation that will go down in history as The Great Disenfranchisement.
Ohio
Ignore the polls showing Obama leading. Hundreds of thousands of voters, millions if needed, will be stripped of their right to vote on election day by the Justice Department on orders from President Bush. It has been done before but never at the level that will be needed this time.
Florida
Its history of banana republic-style elections and creative vote counting will insure that the results will show a McCain victory regardless of the actual voting results. Gov. Charlie Crist has promised to "do anything" to help McCain and he will.
North Carolina
North Carolina Republicans have been using a variety of tactics to suppress Democratic votes. Intimidation, threats, and open thuggery will sway the results.
Similar efforts in Indiana, Georgia, and Missouri will aim to keep those states officially Republican regardless of the will of the voters. But even that will not be enough. McCain still needs Pennsylvania and the polls give Obama an insurmountable lead there. It will take armed attacks on urban polling places to suppress enough votes to swing that state. McCain has the troops, a KKK revival in the Keystone State, to pull it off.
Yes, I'm paranoid. No one can live through the past eight years and not be a little paranoid.
John McCain can still take this election. I don't say "win" because that is impossible. He can take the election through targeted vote manipulation that will go down in history as The Great Disenfranchisement.
Ohio
Ignore the polls showing Obama leading. Hundreds of thousands of voters, millions if needed, will be stripped of their right to vote on election day by the Justice Department on orders from President Bush. It has been done before but never at the level that will be needed this time.
Florida
Its history of banana republic-style elections and creative vote counting will insure that the results will show a McCain victory regardless of the actual voting results. Gov. Charlie Crist has promised to "do anything" to help McCain and he will.
North Carolina
North Carolina Republicans have been using a variety of tactics to suppress Democratic votes. Intimidation, threats, and open thuggery will sway the results.
Similar efforts in Indiana, Georgia, and Missouri will aim to keep those states officially Republican regardless of the will of the voters. But even that will not be enough. McCain still needs Pennsylvania and the polls give Obama an insurmountable lead there. It will take armed attacks on urban polling places to suppress enough votes to swing that state. McCain has the troops, a KKK revival in the Keystone State, to pull it off.
Yes, I'm paranoid. No one can live through the past eight years and not be a little paranoid.
Saturday, October 25, 2008
Maybe the McCain Campaign is Cursed
She's got me so blind I can't see;A couple days ago I joked about Republicans who think African witches are cursing the McCain campaign. I might have been too hasty.
But she's a Black Magic Woman and
she's trying to make a devil out of me. ~ Carlos Santana
Last night when Sarah Palin dropped the ceremonial first puck at a St. Louis Blues game (she actually got a few cheers) the Blues goaltender, Manny Legace, slipped on the carpet rolled over the ice for Palin and injured his hip. St. Louis lost and the Flyers haven't won a game since Palin stepped on their ice. There is definitely some bad mojo around Palin-McCain. (Source)
Friday, October 24, 2008
McCain Campaign Worker Self-Mutilates
I stayed away from the story of the white woman who alleged she was robbed and had a "B" carved into her face by a black attacker. I found myself agreeing with Michelle Malkin (God, how weird is that) that it didn't pass the smell test but I wasn't going to speculate it was a fraud in case I was wrong. I've played the rumor game a couple times before and it always bites me in the ass.
That didn't stop some right-wing bloggers (like Ace of Spades and Melissa Cloutier) from going bat-shit crazy over the story. It turns out the woman was just trying to help the McCain campaign by pretending to be the victim of a racially/politically motivated attack. Faced with police evidence she had lied she now admits she made the whole thing up.
I have to admire her dedication. I wouldn't slam my face into a door and carve up my cheek for any political candidate, let alone face jail for filing a false police report. No politician is that good. Talk about drinking the Kool-Aid.
Wonkette followed the entire saga.
That didn't stop some right-wing bloggers (like Ace of Spades and Melissa Cloutier) from going bat-shit crazy over the story. It turns out the woman was just trying to help the McCain campaign by pretending to be the victim of a racially/politically motivated attack. Faced with police evidence she had lied she now admits she made the whole thing up.
I have to admire her dedication. I wouldn't slam my face into a door and carve up my cheek for any political candidate, let alone face jail for filing a false police report. No politician is that good. Talk about drinking the Kool-Aid.
Wonkette followed the entire saga.
The Wasilla Project
Nobody knows Sarah Palin like her neighbors. The Wasilla Project has gone to Sarah's home town to find out the truth about her. No media filters, no campaign spin, the real truth. I've added the Project to my Necessities list because it is. (Hat tip to you-know-who.)
Thursday, October 23, 2008
'She Needed Clothes'
Bright eyes cheeks a healthy glow,I really don't have anything to add to Daddy Warbucks' (voiced by John McCain) excuse for the Palin clothes budget. Doggone it, the whole story is just so sweet and endearing I just want to 'arf up my supper, dontcha know?
There's a store of healthiness handy.
Mite-size, always on the go,
If you want to know - "Arf", goes Sandy.
Always wears a sunny smile,
Now, wouldn't it be worth a while,
If you could be,
Like Little Orphan Annie? ~ Theme song from the Depression era radio show
Witch Doctor Curse
Ooo eee,ooo ah ah ting tang Walla walla, bing bang ~ Witch Doctor song, David SevilleI am fascinated by the prevalence of witchcraft in the 2008 election. Sarah Palin, not so famously, was blessed by a Kenyan witch hunter at her church in Wasilla. Pastor Thomas Muthee specifically prayed to protect Palin from all matters of witchcraft.
Apparently Pastor Muthee isn't all that connected to God because now, allegedly, Palin and McCain are under attack from African witches. According to one Jim Bramlett at InJesus.com, "witches and warlocks and those involved in satanism and the occult get up daily at 3 a.m. to release curses against McCain and Palin." McCain's erratic behavior is caused by the curses "weaving lazy 8's around McCain's mind to make him look confused and like an idiot." Those sinister lazy 8's.
What's scary is that Bramlett is one of the saner Republican religionites.
A vote for Obama is a vote for the Anti-Christ, for Marxism, for Socialism that leads to Communism and dictatorship and the New World Order and One World Government and no more American Constitution and Bill of Rights. ~ real live Wacky Wacko
Wednesday, October 22, 2008
Sarah Palin: Clothes Elephant
I should say this, that Pat doesn’t have a mink coat. But she does have a respectable Republican cloth coat. ~ Richard NixonIn the grand scheme of things the fate of the Republic does not hang on the fact that the only person in the country who is a bigger clothes horse than Sarah Palin is Cindy McCain. Still, the Palin-McCain campaign has based the entire election on symbolism instead of issues or policies so looking at the symbolism is appropriate.
- In the eight weeks since Sarah Palin was nominated for the Vice-Presidency she has spent $150,000 of campaign funds on clothing.
- That is more money than most Americans will spend on clothing in their entire lives.
- Joe the Plumber would have to buy 8,500 pairs of Dickies work pants ($17.64 at Walmart) to match her.
- Even Joe the Investment Banker would have to buy 120 Yves Saint Laurent business suits ($1,276 at Bluefly).
- Sarah did not buy this clothing with her own money; she used campaign funds to play dress up. Consider it welfare for fashion divas.
- Her clothes budget makes the $21,800 Palin and McCain have spent on make-up look tiny.
To put things in perspective, poor Sarah is just trying to play catch up. Cindy McCain had a $300,000 outfit for just one day at the Republican Convention. Sarah is just a street waif by contrast.
Monday, October 20, 2008
Fighting for the Right to Vote
The biggest fight in this election season is the fight for the right to vote. McCain's strategy is to gouge out an electoral vote majority while losing the popular vote. McCain is looking for every illegal advantage to swing vote totals.
- Wisconsin Republicans have issued a call for toughs willing to intimidate voters to serve as poll watchers;
- In several states Republicans have tried to illegally purge voting rolls;
- Rigged voting machines have been switching votes from Obama to McCain;
- Republican thugs have been heckling voters;
- (additional) Republican gorillas are threatening to murder Obama supporters.
Sunday, October 19, 2008
A Couple of Pervs; A Party of Pervs
When I think pervert, I think Larry Flynt. I also think Right Wing News honcho John Hawkins.
Flynt is filming a porno featuring a Sarah Palin lookalike. I would expect nothing better from Flynt. Hawkins wants the really Palin to be Vice-President and, let's be honest, he wants McCain to dies quickly so Palin is President very soon. Hawkins also can't wait for the Palin porn flick to be released. Flynt is candid; he openingly and proudly admits to being a pervert. Hawkins is just as perverted as Flynt in a closed up, masterbating at his keyboard kind of way.
Hawkins is not alone in his perversions, he shares them with many of his fellow Republicans. There is a gigantic population of mouth-breathing Republican men who go to Palin rallies purely to fantasize about her being naked.
See also:
the comments to Hawkins' soft-core post linked above
FoxNews outraged Newsweek didn't touch up Palin's cover photo
the Sarah Palin sex doll
the Palin Dudes from Jezebel
and, just for fun, McCain's Brain checking out Palin's ass
Flynt is filming a porno featuring a Sarah Palin lookalike. I would expect nothing better from Flynt. Hawkins wants the really Palin to be Vice-President and, let's be honest, he wants McCain to dies quickly so Palin is President very soon. Hawkins also can't wait for the Palin porn flick to be released. Flynt is candid; he openingly and proudly admits to being a pervert. Hawkins is just as perverted as Flynt in a closed up, masterbating at his keyboard kind of way.
Hawkins is not alone in his perversions, he shares them with many of his fellow Republicans. There is a gigantic population of mouth-breathing Republican men who go to Palin rallies purely to fantasize about her being naked.
See also:
the comments to Hawkins' soft-core post linked above
FoxNews outraged Newsweek didn't touch up Palin's cover photo
the Sarah Palin sex doll
the Palin Dudes from Jezebel
and, just for fun, McCain's Brain checking out Palin's ass
Saturday, October 18, 2008
Friday, October 17, 2008
Pity Joe the Plumber
I feel sorry for Joe (the Plumber) Wurzelbacher.
It appears he is behind in his taxes, doesn't have a license to actually be a plumber in Ohio, and because his name is misspelled in the voter rolls under the rules Republicans were insisting upon would not be allowed to vote. At least a US Supreme Court ruling today seems to preserve his suffrage. All of these things would have certainly passed under the radar if John McCain had not chosen to make poor Joe poster boy for his campaign.
Few of us would survive the type of media attention that McCain brought down upon poor Joe. It's a shame because all Joe did was as a question of a candidate, which is his right as an American. He didn't deserve having McCain turn him into some sort of media freak.
It appears he is behind in his taxes, doesn't have a license to actually be a plumber in Ohio, and because his name is misspelled in the voter rolls under the rules Republicans were insisting upon would not be allowed to vote. At least a US Supreme Court ruling today seems to preserve his suffrage. All of these things would have certainly passed under the radar if John McCain had not chosen to make poor Joe poster boy for his campaign.
Few of us would survive the type of media attention that McCain brought down upon poor Joe. It's a shame because all Joe did was as a question of a candidate, which is his right as an American. He didn't deserve having McCain turn him into some sort of media freak.
Thursday, October 16, 2008
The Debates From a Dog's POV
Political debates are impressionistic, as I have said before. It isn't what is said that matters so much as how it is said.
John McCain - Insecure Whelp
McCain was not an attack dog. He was more like one of those yipping little terriers. He couldn't sit still while listening, he was a weird assortment of tics and rapid eye movements. His lack of self-confidence was tangible. He would take a nip, or pee on your foot, but every aggression was clearly rooted in fear.
Barack Obama - Pack Leader
More than any of the other debates, Obama projected the aura of someone who is calm, assertive, and in control of events. His responses were forceful without being aggressive. At the worst of of McCain's nips, Obama would react with bemusement, as one would with the antics of a misbehaved puppy. Obama's aura was that of a mature leader; McCain's was of a rattlepated child.
John McCain - Insecure Whelp
McCain was not an attack dog. He was more like one of those yipping little terriers. He couldn't sit still while listening, he was a weird assortment of tics and rapid eye movements. His lack of self-confidence was tangible. He would take a nip, or pee on your foot, but every aggression was clearly rooted in fear.
Barack Obama - Pack Leader
More than any of the other debates, Obama projected the aura of someone who is calm, assertive, and in control of events. His responses were forceful without being aggressive. At the worst of of McCain's nips, Obama would react with bemusement, as one would with the antics of a misbehaved puppy. Obama's aura was that of a mature leader; McCain's was of a rattlepated child.
Calm-assertive energy – This is the energy you project to show your dog you are the calm and assertive pack leader. Note: assertive does not mean angry or aggressive. Calm-assertive means always compassionate, but quietly in control. ~ Cesar Millan
Wednesday, October 15, 2008
Movies, Real Life - What's the Diff?
I'm beginning to think that Washington D. C. has become a Hollywood remake mill. Consider:
Dumb and Dumberer
Where George W. Bush does a masterful double role as both Harold and Lloyd.
The Godfather
Treasurer Secretary Henry Paulson takes the role of Don Vito Corleone with Ben Bernanke as his consigliere. Gathering the nation's major bankers in one room Don Vito (Paulson) makes them an offer they can't refuse - sell off parts of all of their banks to the Don, or else. The gathered bankers kiss the Don's ring and sell.
Clear and Present Danger
An unscrupulous CIA agent, George Tenet takes the role of Robert Ritter, get a top secret letter signed by the President (played by Lloyd Christmas) authorizing him to break several laws and torture people willy-nilly (This movie contains within it a remake of Saw II.) Unfortunately, there is nobody playing the role of Jack Ryan so this movie descends into a very unfunny slasher/comedy.
Titanic
A disinterested captain on his last voyage accidently collides his ship with a huge icy debt. Despite heroic efforts by young Jack Dawson (Barack Obama) the famously unsinkable ship sinks. Comic relief is provided by John McCain playing a bitter, irascible old salt.
Dumb and Dumberer
Where George W. Bush does a masterful double role as both Harold and Lloyd.
The Godfather
Treasurer Secretary Henry Paulson takes the role of Don Vito Corleone with Ben Bernanke as his consigliere. Gathering the nation's major bankers in one room Don Vito (Paulson) makes them an offer they can't refuse - sell off parts of all of their banks to the Don, or else. The gathered bankers kiss the Don's ring and sell.
Clear and Present Danger
An unscrupulous CIA agent, George Tenet takes the role of Robert Ritter, get a top secret letter signed by the President (played by Lloyd Christmas) authorizing him to break several laws and torture people willy-nilly (This movie contains within it a remake of Saw II.) Unfortunately, there is nobody playing the role of Jack Ryan so this movie descends into a very unfunny slasher/comedy.
Titanic
A disinterested captain on his last voyage accidently collides his ship with a huge icy debt. Despite heroic efforts by young Jack Dawson (Barack Obama) the famously unsinkable ship sinks. Comic relief is provided by John McCain playing a bitter, irascible old salt.
Tuesday, October 14, 2008
McCain's Economic Package
No economic plan drafted as part of an election campaign can be considered comprehensive, that includes Barack Obama's. John McCain's is particularly pathetic.
McCain's Plan
Suspend rules forcing seniors to liquidate a portion of the retirement accounts annually: Looks like a good idea. The major beneficiaries will go to those people wealthy enough to be able to just sit on their assets for a few years. It won't help most retirees who have to liquidate part of their retirement periodically to pay for food and home heating.
Reduce taxes on seniors making mandatory withdrawals from IRAs and 401(k)s: On the surface this is a good idea. However, it will have little effect on the poorest retirees; most of the benefits will go to wealthy people with massive retirement accounts.
Eliminate taxes on unemployment benefits: Again, on the surface not a bad idea. But, again, the benefits will mostly go to wealthy people who are out of work from six and seven figure jobs. Think of poor Lehman Brothers CEO Richard Fuld.
Reduce taxes on long-term capital gains: Aimed at helping the wealthiest Americans who panicked, sold into the teeth of the crash, and still managed to make a profit.
Guarantee 100% of all bank savings for six months: Effectively already being done by the FDIC. This will only benefit people like the McCains who routinely keep a couple million dollars in their checking accounts.
Purchase and renegotiate everybody's mortgages: I can't quite figure this one out. There is a lot of bad paper out there that was written by unscrupulous mortgage lenders. There are millions of subprime mortgages totally trillions of dollars. It would be a massive program, probably an order of magnitude larger than McCain estimates. Think $3 trillion.
Obama's Plan
Barack Obama has an extensive and detailed plan on his website. It would take a month and more education than I have to analyze it. I will just concentrate on the proposals in his October 13 speech.
Ninety Day moratorium on foreclosures: Call it a tourniquet, if you will. Like FDR's bank holiday when he took office, this will be a cooling off period to let both banks and homeowners come to grips with what the hell is happening.
Allow withdrawals from IRAs and 401(k)s without penalties: This is the polar opposite of McCain's plan.It's a better plan. Rather than relieve a burden from people who don't need the money now, Obama will lift a burden from people struggle to survive today. The downside is that people could eat through their retirement savings too quickly, setting up serious problems later.
Job Creation Tax Credit: This will create an incentive to create new jobs, especially by small businesses. In an economic climate like this keeping old jobs will be hard enough. I doubt this will be very effective but it can't hurt.
Lend to States and Localities: The next shoe to drop will be entire states, counties, and cities going bankrupt. California is dangerously close to insolvency. If this type of assistance isn't offered then states and localities will have to raise local taxes, undoing any good the Federal effort can achieve.
Note: Yes, I know that McCain has an extensive plan, too. I've read it. It is mostly empty platitudes and not worth analysis.
Note #2: Derivatives are the root cause of this mess. There are $1.14 Quadrillion worth of them floating around the world. That is more than 100 times the current federal deficit and more than 16 times the Gross World Product. It's a major pile of shit.
McCain's Plan
Suspend rules forcing seniors to liquidate a portion of the retirement accounts annually: Looks like a good idea. The major beneficiaries will go to those people wealthy enough to be able to just sit on their assets for a few years. It won't help most retirees who have to liquidate part of their retirement periodically to pay for food and home heating.
Reduce taxes on seniors making mandatory withdrawals from IRAs and 401(k)s: On the surface this is a good idea. However, it will have little effect on the poorest retirees; most of the benefits will go to wealthy people with massive retirement accounts.
Eliminate taxes on unemployment benefits: Again, on the surface not a bad idea. But, again, the benefits will mostly go to wealthy people who are out of work from six and seven figure jobs. Think of poor Lehman Brothers CEO Richard Fuld.
Reduce taxes on long-term capital gains: Aimed at helping the wealthiest Americans who panicked, sold into the teeth of the crash, and still managed to make a profit.
Guarantee 100% of all bank savings for six months: Effectively already being done by the FDIC. This will only benefit people like the McCains who routinely keep a couple million dollars in their checking accounts.
Purchase and renegotiate everybody's mortgages: I can't quite figure this one out. There is a lot of bad paper out there that was written by unscrupulous mortgage lenders. There are millions of subprime mortgages totally trillions of dollars. It would be a massive program, probably an order of magnitude larger than McCain estimates. Think $3 trillion.
Obama's Plan
Barack Obama has an extensive and detailed plan on his website. It would take a month and more education than I have to analyze it. I will just concentrate on the proposals in his October 13 speech.
Ninety Day moratorium on foreclosures: Call it a tourniquet, if you will. Like FDR's bank holiday when he took office, this will be a cooling off period to let both banks and homeowners come to grips with what the hell is happening.
Allow withdrawals from IRAs and 401(k)s without penalties: This is the polar opposite of McCain's plan.It's a better plan. Rather than relieve a burden from people who don't need the money now, Obama will lift a burden from people struggle to survive today. The downside is that people could eat through their retirement savings too quickly, setting up serious problems later.
Job Creation Tax Credit: This will create an incentive to create new jobs, especially by small businesses. In an economic climate like this keeping old jobs will be hard enough. I doubt this will be very effective but it can't hurt.
Lend to States and Localities: The next shoe to drop will be entire states, counties, and cities going bankrupt. California is dangerously close to insolvency. If this type of assistance isn't offered then states and localities will have to raise local taxes, undoing any good the Federal effort can achieve.
Note: Yes, I know that McCain has an extensive plan, too. I've read it. It is mostly empty platitudes and not worth analysis.
Note #2: Derivatives are the root cause of this mess. There are $1.14 Quadrillion worth of them floating around the world. That is more than 100 times the current federal deficit and more than 16 times the Gross World Product. It's a major pile of shit.
Bin Laden October Surprise, Part Deux
Arianna Huffington is speculating that Osama Bin Laden will provide the fabled October Surprise by being captured or killed before the election. Bin Laden allegedly did that four years ago with his late endorsement of John Kerry. This is going to be hard given that Bin Laden died years ago.
Bin Laden was known to have serious kidney disease even before 9-11 and received kidney dialysis in January 2002. He most certainly could not survive with a fatal kidney disease under primitive conditions in Pakistan's lawless tribal region for six years. His last video tape in 2007 was clearly a forgery. The makeup job would have embarrassed a middle school drama department.
I'm not saying that the Bush Administration won't try to jigger up something. They did it four years ago with a video tape dated October 30, 2004 that appears fake. It worked then to shift the election result. I'm sure Karl Rove is in the studio now filming the latest Bin Laden tape.
Osama Bin Laden is dead but his myth continues, as an inspiration to young Islamists and as a necessary boogeyman for Republicans.
Bin Laden was known to have serious kidney disease even before 9-11 and received kidney dialysis in January 2002. He most certainly could not survive with a fatal kidney disease under primitive conditions in Pakistan's lawless tribal region for six years. His last video tape in 2007 was clearly a forgery. The makeup job would have embarrassed a middle school drama department.
I'm not saying that the Bush Administration won't try to jigger up something. They did it four years ago with a video tape dated October 30, 2004 that appears fake. It worked then to shift the election result. I'm sure Karl Rove is in the studio now filming the latest Bin Laden tape.
Osama Bin Laden is dead but his myth continues, as an inspiration to young Islamists and as a necessary boogeyman for Republicans.
Thought Crime
William F. Buckley founded the conservative magazine National Review. Today his son was forced to resign by the editors of that magazine. Buckley's crime? He's supporting Barack Obama. If there is one thing the free thinkers at National Review can't stand it is freedom of thought.
Monday, October 13, 2008
Don't Buy Champagne Yet
Watching the stock market go up today by 11% was fun for me too. Just don't bet the crash is over.
The initial market crash of 1929 hit on October 24. On October 30, the market rose an astonishing 12%. Everyone believed the worst was over. By November 6 the market was testing its low of October 29 and fell through them. It hit a bottom on November 12, having lost 22% from the October 30 rally.
That low was not reached again for nearly a year when it was breached on October 9, 1930. From there it continued to decline, with the occasional rally, until it hit its true bottom on July 9, 1932. The Dow did not regain its high reached on September 3, 1929 (381.17) for 26 years, in 1955.
It is nice to pretend that this is the bottom but stock market trends just don't swing this quickly.
DOW JONES History
10/23/29 - - 320.91 -day before crash
10/24/29 - - 299.47 -Black Thursday
10/29/29 - - 230.07 -day before rally
10/30/29 - - 259.47 -first rally
11/06/29 - - 236.53 -one week later
11/12/29 - - 198.62 -two weeks later
07/09/32 - - +41.22 -the bottom
The initial market crash of 1929 hit on October 24. On October 30, the market rose an astonishing 12%. Everyone believed the worst was over. By November 6 the market was testing its low of October 29 and fell through them. It hit a bottom on November 12, having lost 22% from the October 30 rally.
That low was not reached again for nearly a year when it was breached on October 9, 1930. From there it continued to decline, with the occasional rally, until it hit its true bottom on July 9, 1932. The Dow did not regain its high reached on September 3, 1929 (381.17) for 26 years, in 1955.
It is nice to pretend that this is the bottom but stock market trends just don't swing this quickly.
DOW JONES History
10/23/29 - - 320.91 -day before crash
10/24/29 - - 299.47 -Black Thursday
10/29/29 - - 230.07 -day before rally
10/30/29 - - 259.47 -first rally
11/06/29 - - 236.53 -one week later
11/12/29 - - 198.62 -two weeks later
07/09/32 - - +41.22 -the bottom
McCain's Failed Test
As I predicted, John McCain has failed his test of courage and honor. Given an opportunity, McCain refused to condemn a comment by a Virginia Republican official who compared Barack Obama to Osama Bin Laden. Instead, McCain used the comment to repeat his Ayers attack line.
McCain tried, I think he really did try to be honorable. He just doesn't have it in him.
McCain tried, I think he really did try to be honorable. He just doesn't have it in him.
Saturday, October 11, 2008
McCain's Test of Courage and Honor
I believe he will fail the test. McCain's courage and honor were youthful traits that he long ago surrendered to old age.
Yesterday, McCain was booed by his own rabid crowd for daring to say that Barack Obama is a decent man and not someone to be afraid of. McCain and Palin have been whipping their rallies into a lynch mob frenzy of hate for a fortnight and, as a consequence, have begun attracting the denizens of the vilest depths of America's racist sub-culture. Yesterday, McCain tried to pull back from the abyss he has been shouting down.
The question is, will he have the courage and honor to stay respectful? Or, will he surrender again to the will of the mob and indulge their desires to wallow in hate?
Can he learn to disagree without being disagreeable?
P.S. Speaking of McCain and Sarah Palin - how is that whole gambling on a hunch and not vetting your Veep pick going for you?
Yesterday, McCain was booed by his own rabid crowd for daring to say that Barack Obama is a decent man and not someone to be afraid of. McCain and Palin have been whipping their rallies into a lynch mob frenzy of hate for a fortnight and, as a consequence, have begun attracting the denizens of the vilest depths of America's racist sub-culture. Yesterday, McCain tried to pull back from the abyss he has been shouting down.
The question is, will he have the courage and honor to stay respectful? Or, will he surrender again to the will of the mob and indulge their desires to wallow in hate?
Can he learn to disagree without being disagreeable?
P.S. Speaking of McCain and Sarah Palin - how is that whole gambling on a hunch and not vetting your Veep pick going for you?
Friday, October 10, 2008
Truer Words Were Never Written
Bushism must be ripped out, root and branch, everywhere it has been established, or else the presidential election of 2008 is a worthless exercise in futility. ~ Esquire Magazine
The Earth Abides
This morning I am listening to a mockingbird singing. It is serenely unaware that Civilization is collapsing around it. It does not know that the stock market is in free fall. It does not know that the Republican Party is morphing into some kind of fascio. It does not know and it does not care.
This mockingbird only knows that it found enough seeds and worms this morning. It has a full stomach and it feels like singing.
This mockingbird only knows that it found enough seeds and worms this morning. It has a full stomach and it feels like singing.
Thursday, October 09, 2008
McCain's Supporters Vomit Hate
Compare and contrast. This video was taken outside of a McCain rally in Pennsylvania.
This video is of Ku Klux Klan members. Note the similarities of tone and text.
This video is of Ku Klux Klan members. Note the similarities of tone and text.
Wednesday, October 08, 2008
It Ain't Over 'til It's Over
I want to celebrate prematurely. The Gallup tracking poll has Obama up by 11 points and hasn't had the spread below double the margin of error in two weeks. McCain has failed in two consecutive debates to measure up to Obama in either demeanor, content, or presentation. Palin-McCain are still trying to shore up their base by campaigning in places like North Carolina and using tactics straight out of the Jesse Helms School of Political Science and Cross Burning. (I put Palin first because most conservative bloggers are now only interested in her and some are even suggesting "flipping the ticket" and making Palin the presidential candidate.)
I want to celebrate, but I won't. There is too much to do and too much that can still happen.
I want to celebrate, but I won't. There is too much to do and too much that can still happen.
- Islamic extremists know that Republicans are their strongest allies in their war against civilization. That is why the October Surprise in 2004 was Bin Laden endorsing John Kerry. Al-Qaeda will do everything it can to help John McCain.
- There are concerted efforts by Republicans to rig the elections in several states including Indiana, Ohio, Virginia, Pennsylvania, and of course Florida. Voter intimidation, vote count fraud, election equipment shortages and breakdowns that only happen in Democratic precincts will all occur. Turning those five states through chicanery would change even a landslide Republican loss into a narrow McCain victory.
- Happy, complacent people forget to vote.
Tuesday, October 07, 2008
Hate Is All They Have Left
"Terrorist!" "Kill him!" "Sit down, Boy!"
McCain-Palin rallies have begun to sound like KKK meetings. The hate oozing from the candidates is topped by a vile racism evident in the crowds. It is not hyperbole to observe that the crowds now attending McCain and Palin rallies would enthusiastically lynch the Democratic opposition if they had the chance.
It is as if John McCain has decided that the only remaining chance he has to be President is to encourage the assassination of his opponent. McCain and Palin are inciting a blood lust in their true believers. They are going way beyond the not to subtle use of words like "uppity." They have taken off the gloves and put on the pointy hoods.
Read also Black Political Thought.
McCain-Palin rallies have begun to sound like KKK meetings. The hate oozing from the candidates is topped by a vile racism evident in the crowds. It is not hyperbole to observe that the crowds now attending McCain and Palin rallies would enthusiastically lynch the Democratic opposition if they had the chance.
It is as if John McCain has decided that the only remaining chance he has to be President is to encourage the assassination of his opponent. McCain and Palin are inciting a blood lust in their true believers. They are going way beyond the not to subtle use of words like "uppity." They have taken off the gloves and put on the pointy hoods.
Read also Black Political Thought.
Monday, October 06, 2008
Watching the Towers Fall
I had a deja vu feeling this morning while watching the stock market in free fall on CNBC. It was like watching the World Trade Center towers falling on 9-11, in super slow-mo.
This time the terrorists are not swarthy foreigners; they are American through and through. They don't wear white robes and attend mosques; they wear $3000 business suits and are members of the most exclusive country clubs. The terrorists today are not radical Islamists but radical capitalists. Their weapons are not hijacked planes but a banking system of their own creation. Make no mistake, these banker-terrorists are wielding a weapon of mass destruction.
Islamic terrorists are motivated by an insanely misguided morality. Banker-terrorists are not so high-minded. They are motivated by pure greed. The story of terrorist Richard Fuld (CEO of Lehman Brothers) is an example. When faced with troubled liquidity Fuld dismissed concerns and passed out $10 billion in bonuses. On September 11, 2008 (not a coincidental date) Fuld was simultaneously begging for a government bailout and passing out millions of dollars in bonuses.
These Wall Street terrorists are quintessentially Republican. It is the white elite golfing/equestrian/yachting set doing this. One of the Lehman Brothers criminals is President Bush's cousin, George H. Walker. While the Twin Towers was a tragedy, it was a one-off with limited scope. It affected New York and Washington and not much else. The banker-terrorist attack is like the Black Plague. It is infecting every corner of the nation. As days pass, as weeks pass, it is just getting worse and worse.
The radical capitalists are more dangerous than a thousand al-Qaedas.
This time the terrorists are not swarthy foreigners; they are American through and through. They don't wear white robes and attend mosques; they wear $3000 business suits and are members of the most exclusive country clubs. The terrorists today are not radical Islamists but radical capitalists. Their weapons are not hijacked planes but a banking system of their own creation. Make no mistake, these banker-terrorists are wielding a weapon of mass destruction.
Islamic terrorists are motivated by an insanely misguided morality. Banker-terrorists are not so high-minded. They are motivated by pure greed. The story of terrorist Richard Fuld (CEO of Lehman Brothers) is an example. When faced with troubled liquidity Fuld dismissed concerns and passed out $10 billion in bonuses. On September 11, 2008 (not a coincidental date) Fuld was simultaneously begging for a government bailout and passing out millions of dollars in bonuses.
These Wall Street terrorists are quintessentially Republican. It is the white elite golfing/equestrian/yachting set doing this. One of the Lehman Brothers criminals is President Bush's cousin, George H. Walker. While the Twin Towers was a tragedy, it was a one-off with limited scope. It affected New York and Washington and not much else. The banker-terrorist attack is like the Black Plague. It is infecting every corner of the nation. As days pass, as weeks pass, it is just getting worse and worse.
The radical capitalists are more dangerous than a thousand al-Qaedas.
To Answer My Question:
No, We Won't Survive
This is what the toilet looks like from the inside, mid-flush. Three months ago, when things looked so bright and cheery and it was a different and more pleasant world, I wrote an entry in this little blog where I ask the question, "whether the nation will survive until January 20, 2009?" I am going to quote me in my entirety (emphasis added) because I hate being so fucking right all of the time.
July 15, 2008
Bush and the Economy
It's as if Herbert Hoover has been reincarnated in the body of a Texas yokel.
With the nation's banking system on the verge of collapse, with scores of banks in financial distress, its president calls things "sound." With food and fuel inflation the only things driving economic statistics, the president believes inflation is the same as economic growth.
When the nation needs decisive action it gets "To the extent that we find weakness, we'll move." And consequence immobility. Bush's press conference today was like the captain of the Titanic whistling a jaunty tune while the wheelhouse floods.
We are six months and five days until a new president is inaugurated. The only remaining question is whether the nation will survive until January 20, 2009.
Saturday, October 04, 2008
A Late Show Moment
Here is a gift for all those Alaskans without televisions - the Biden-Palin debate as seen by David Letterman.
Here Come de Mud
When you have the facts on your side, argue the facts. When you have the issues on your side, argue the issues. When you have neither, throw mud as hard as you can. ~ my rewrite of an Al Gore quoteMy father, who was born when Howard Taft was president, has been predicting all year that this will be the dirtiest campaign in his life. McCain is on the wrong side of the facts, the issues, and political momentum. All he has left is flinging filth.
He's Black: In each new ad McCain runs Barack Obama's face will get darker and darker while at the same time accusing Obama of playing the race card. McCain will make every effort to remind voters that Obama is black, a Negro, a goddamn uppity n****r.
He'a a Terrorist: McCain will try to tie Obama to some guy nobody has ever heard of (William Ayers) saying it proves Obama is a terrorist. Besides, his name sounds Muslim which proves Obama is a terrorist even more.
Religion: When not accusing Obama of being Muslim McCain will attack him for the Christian church he attended. It being a black church, a goddamn uppity n****r church. Besides, he's really the Anti-Christ.
The plus side for Senator Obama is that voters have been exposed to these smears and lies for over a year now. A certain immunity has set in. Besides, the best attack ads are actually true and speak to the current condition of the nation. And that puts a target directly between McCain's eyes.
Keating Five: The last time the United States suffered a collapse of its financial system due to corruption and greed was the savings and loan scandal in the 1980's. One of the principle corrupt politicians at the time was John McCain.
Friday, October 03, 2008
Sex and the Hemisphere
John McCain, says senior foreign policy adviser Richard Fontaine, knows Latin America because he screwed a Brazilian hottie a half century ago. This is a fascinating concept called Sexual Diplomacy. You can't really understand a country or region until you've had coitus with the locals.
It explains a lot. The case of Sarah Palin flirting with Pakistan President Asif Ali Zardari, the dalliance that earned Zardari a fatwa back home, is just the McCain-Palin way of getting to know the region. Although some rather disturbing images come to mind regarding McCain's close relationship with Georgia President Saakashvili. You see, Newsweek last week said McCain Loves Misha Saakashvili.
Loves? Like in a biological sense? Ewwww!
It explains a lot. The case of Sarah Palin flirting with Pakistan President Asif Ali Zardari, the dalliance that earned Zardari a fatwa back home, is just the McCain-Palin way of getting to know the region. Although some rather disturbing images come to mind regarding McCain's close relationship with Georgia President Saakashvili. You see, Newsweek last week said McCain Loves Misha Saakashvili.
Loves? Like in a biological sense? Ewwww!
Thursday, October 02, 2008
What's With the Wink?
Debates are impressionistic things. You can never tell by analyzing them what will stick in people's minds and how they will view it. Take, for example, Sarah Palin's winking during Veep debate. How will viewers react?
Winking is a flirtatious act. For religious people there is Psalm 35:19 (Let not them that are mine enemies wrongfully rejoice over me: neither let them wink with the eye that hate me without a cause.). Excessive winking and blinking are clues that someone is lying. Or there may be a benign reason, irritation or a nervous tick.
The question is not what she was doing or why. That is unimportant. It was a strange thing that people most certainly noticed. The question is how will Joe Sixpack and his Hockey Mom wife interpret the strange case of Sarah's left eye?
Winking is a flirtatious act. For religious people there is Psalm 35:19 (Let not them that are mine enemies wrongfully rejoice over me: neither let them wink with the eye that hate me without a cause.). Excessive winking and blinking are clues that someone is lying. Or there may be a benign reason, irritation or a nervous tick.
The question is not what she was doing or why. That is unimportant. It was a strange thing that people most certainly noticed. The question is how will Joe Sixpack and his Hockey Mom wife interpret the strange case of Sarah's left eye?
Two-Faced McCain
John McCain was one of the 74 senators who voted in favor of the Bailout bill on Wednesday. He said passage was vital before voting in favor.
McCain also says that the bill he voted in favor of puts the country "on the brink of economic disaster."
By the way, listening to the clip doesn't it sound like McCain is taking interview technique advise from Sarah Palin? What a bizarre, off point ramble. At least he didn't throw in a "ya' youbetchya'."
Photo was ripped from Firedoglake.
McCain also says that the bill he voted in favor of puts the country "on the brink of economic disaster."
By the way, listening to the clip doesn't it sound like McCain is taking interview technique advise from Sarah Palin? What a bizarre, off point ramble. At least he didn't throw in a "ya' youbetchya'."
Photo was ripped from Firedoglake.
Wednesday, October 01, 2008
The Senate Bailout Version
Tolstoy did not write War and Peace in two days. Which just proves what a hack he was compared to the Senators who have fattened up the Wall Street Bailout to an amazing 451 pages in less than 48 hours.
I haven't read it nor will I. No Senator has read it cover to cover, not even those who claim to have written it. Anyone who claims to know everything in that bill is a bald faced liar. Nobody knows what might be hidden in all of its various subtle sub-clauses. Simply put, this is legislation run amok.
I didn't like the original Treasury Department text but at least, at three pages, it was comprehensible. The House text, at around 100 pages, was bloated but manageable. It was probably the best possible alternative. Given the choice of improving a bad bill (which is what the House text did) and the threat of a massive contraction of the global economy because of the collapse of financial markets, I'll take the improved bad bill.
I suspect there will be plenty of Representatives in the House, from both parties, who will regret voted no on Monday. The Senate has taught them a painful lesson - he who hesitates gets buried in paper. The Senate text will probably pass the House of Representatives but every Congressman who switches his vote to approve this corpulent bill is a raving hypocrite.
I haven't read it nor will I. No Senator has read it cover to cover, not even those who claim to have written it. Anyone who claims to know everything in that bill is a bald faced liar. Nobody knows what might be hidden in all of its various subtle sub-clauses. Simply put, this is legislation run amok.
I didn't like the original Treasury Department text but at least, at three pages, it was comprehensible. The House text, at around 100 pages, was bloated but manageable. It was probably the best possible alternative. Given the choice of improving a bad bill (which is what the House text did) and the threat of a massive contraction of the global economy because of the collapse of financial markets, I'll take the improved bad bill.
I suspect there will be plenty of Representatives in the House, from both parties, who will regret voted no on Monday. The Senate has taught them a painful lesson - he who hesitates gets buried in paper. The Senate text will probably pass the House of Representatives but every Congressman who switches his vote to approve this corpulent bill is a raving hypocrite.
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