Showing posts with label Nancy Pelosi. Show all posts
Showing posts with label Nancy Pelosi. Show all posts
Monday, June 25, 2012
Saturday, February 19, 2011
Pelosi Is Proud Of The Wisconsin Senators Who Booked It To Illinois
Really..can't make it up.
OS woke up this morning to the sound of a radio interview with one of the august senators. The interviewer asked his location, and he said: Chicago.
Whether he was telling the truth is impossible to say. But, in Chicago, he's a needle in the proverbial haystack, and sheltered by the political machine that launched Obama.
OS wonders if we're headed for some manner manufactured crisis, fueled by the White House and DNC...
Let's pray not.
OS woke up this morning to the sound of a radio interview with one of the august senators. The interviewer asked his location, and he said: Chicago.
Whether he was telling the truth is impossible to say. But, in Chicago, he's a needle in the proverbial haystack, and sheltered by the political machine that launched Obama.
OS wonders if we're headed for some manner manufactured crisis, fueled by the White House and DNC...
Let's pray not.
Wednesday, January 5, 2011
Nancy Pelosi Hands Over The Gavel, After Ten Final Interminable Minutes
OS had to see it, while working his way through his daily duties: The exit of Miss Nancy, and the beginning of John Boehner's Speakership.
As usual, she had that dreadful smile pasted on her face, talked about herself, and talked, and talked, and talked...about herself. She gave a final campaign speech, after having overwhelmingly lost her last campaign. A complete disconnect from reality. And, in a more profound disconnect, the remaining House Democrats voted for her to head their caucus. Rather like voting for George Armstrong Custer, one final time, as the Sioux nation encircles the troops.
Boehner, by contrast, in his opening remarks, after introducing his family, talked about the realities we face, and about the Constitution, and the American idea.
Here's hoping he means it, and will stick to it. We're out of time, and out of road down which the proverbial can may be kicked.
Just by dint of being from a large Catholic family, who worked his way through college as a janitor, and by being from the Midwest, he has automatically earned the hatred of the elites who moved through the Ivies into places of power. Hopefully, he just accepts their hatred as a badge of honor, and remembers all those of us living in all those counties and towns and neighborhoods who are also the objects of their disdain.
As usual, she had that dreadful smile pasted on her face, talked about herself, and talked, and talked, and talked...about herself. She gave a final campaign speech, after having overwhelmingly lost her last campaign. A complete disconnect from reality. And, in a more profound disconnect, the remaining House Democrats voted for her to head their caucus. Rather like voting for George Armstrong Custer, one final time, as the Sioux nation encircles the troops.
Boehner, by contrast, in his opening remarks, after introducing his family, talked about the realities we face, and about the Constitution, and the American idea.
Here's hoping he means it, and will stick to it. We're out of time, and out of road down which the proverbial can may be kicked.
Just by dint of being from a large Catholic family, who worked his way through college as a janitor, and by being from the Midwest, he has automatically earned the hatred of the elites who moved through the Ivies into places of power. Hopefully, he just accepts their hatred as a badge of honor, and remembers all those of us living in all those counties and towns and neighborhoods who are also the objects of their disdain.
Friday, September 17, 2010
Running For Cover: TN6 Democrat Candidate Carter Calls For Pelosi To Step Aside
It doesn't take a genius to understand that this guy doesn't stand a chance of winning with the current House leadership in power.
He's even gone so far as to pledge not to vote for Pelosi for Speaker, were he to be elected.
Well, at least on the first ballot..in the closed caucus...and he'll behave after that, ya'll--no worries. He'll be her liddle lap-dog after that. All that money to borrow, print and spend to make certain the economy stagnates for decades. It's a tough job, but OS is certain he's up to it.
But, hey--it's a start.
But why vote for this clown, when you can vote for a lady who'll kick Pelosi's scurvy behonkus to the gutter every time she's given the opportunity?
He's even gone so far as to pledge not to vote for Pelosi for Speaker, were he to be elected.
Well, at least on the first ballot..in the closed caucus...and he'll behave after that, ya'll--no worries. He'll be her liddle lap-dog after that. All that money to borrow, print and spend to make certain the economy stagnates for decades. It's a tough job, but OS is certain he's up to it.
But, hey--it's a start.
But why vote for this clown, when you can vote for a lady who'll kick Pelosi's scurvy behonkus to the gutter every time she's given the opportunity?
Monday, August 30, 2010
Hmm...University Of Texas Begins To Hedge Its Portfolio With Gold
This peeks above the radar from Inside Higher Ed.
News that the investment arm of the University of Texas has started buying up gold is validating the concerns of some analysts who fear high inflation and increasing U.S. debt will wreak havoc on other more commonly held endowment securities, such as bonds.
The University of Texas Investment Management Company (UTIMCO) announced last month that it would move $500 million into gold. While that constitutes just 3 percent of the $22.3 billion in assets UTIMCO controls, it’s a marked shift in strategy for a management company that had no gold in its portfolio a year ago.
(and later in the article)
Given the fact that a gold investment strategy is predicated on the idea that the dollar is declining and the nation is too deep in debt, some have described the gaga for gold trend gripping the conservative movement – see Glenn Beck – as ideologically driven.
But you don’t have to be a conservative talk show host to see the merits of UTIMCO’s position, said Sandy Leeds, a senior lecturer of finance at the University of Texas at Austin’s McCombs School of Business. Leeds was so fired up by the news of UTIMCO’s strategy that he wrote an op-ed on the subject for The Houston Chronicle, which originally reported on a public meeting where the investments were discussed.
“While unstated by UTIMCO, we should consider the possibility that they are hedging against a U.S. meltdown,” Leeds wrote.
Leed's op-ed is well worth reading.
The financial problems we face are immense. In addition to our trillion-dollar deficit, our total debt is approaching 85 percent of gross domestic product. A recent academic study by Carmen Reinhart and Ken Rogoff suggested that a debt level above 90 percent of GDP is a tipping point that results in slower growth.
In reality, I would be ecstatic if our debt level was only 90 percent of GDP. The real issue is that we have approximately $50 trillion of unfunded liabilities - Social Security, Medicare and Medicaid. This is a daunting liability. Public investors such as mutual funds, pension funds, endowments, hedge funds, foreign governments and individuals have all combined to loan the United States approximately $8.5 trillion to fund our accumulated deficits. If we wanted to be fully funded in today's dollars, we would need to issue another $50 trillion of debt.
Now, if OS may break into the local patios:
Ya'll, these are grownups who have to be in charge of the endowments of major universities, unlike the clown circus who run the White House and Congress. University of Texas existed long before this crew ever got together, and intends to be in business long after they have left to write their mutually-incriminating biographies.
These people ain't no AstroTurf, or TeaParty TeaBaggers, or Glenn Beck devotees, or secessionists, or Klan members, or any of that stuff. These are serious, sober, boring respectable people who have to make sure the alma mater is still in business for their grandchildren.
They are voting with their investment decisions, and they ain't endorsing The One, TurboTax Timmy, and Helicopter Ben, Miz Nancy and Mr. Harry, and Rahmbo. They are distancing themselves from this crowd, and trying to keep their corner of the world intact when things begin to come unwound.
News that the investment arm of the University of Texas has started buying up gold is validating the concerns of some analysts who fear high inflation and increasing U.S. debt will wreak havoc on other more commonly held endowment securities, such as bonds.
The University of Texas Investment Management Company (UTIMCO) announced last month that it would move $500 million into gold. While that constitutes just 3 percent of the $22.3 billion in assets UTIMCO controls, it’s a marked shift in strategy for a management company that had no gold in its portfolio a year ago.
(and later in the article)
Given the fact that a gold investment strategy is predicated on the idea that the dollar is declining and the nation is too deep in debt, some have described the gaga for gold trend gripping the conservative movement – see Glenn Beck – as ideologically driven.
But you don’t have to be a conservative talk show host to see the merits of UTIMCO’s position, said Sandy Leeds, a senior lecturer of finance at the University of Texas at Austin’s McCombs School of Business. Leeds was so fired up by the news of UTIMCO’s strategy that he wrote an op-ed on the subject for The Houston Chronicle, which originally reported on a public meeting where the investments were discussed.
“While unstated by UTIMCO, we should consider the possibility that they are hedging against a U.S. meltdown,” Leeds wrote.
Leed's op-ed is well worth reading.
The financial problems we face are immense. In addition to our trillion-dollar deficit, our total debt is approaching 85 percent of gross domestic product. A recent academic study by Carmen Reinhart and Ken Rogoff suggested that a debt level above 90 percent of GDP is a tipping point that results in slower growth.
In reality, I would be ecstatic if our debt level was only 90 percent of GDP. The real issue is that we have approximately $50 trillion of unfunded liabilities - Social Security, Medicare and Medicaid. This is a daunting liability. Public investors such as mutual funds, pension funds, endowments, hedge funds, foreign governments and individuals have all combined to loan the United States approximately $8.5 trillion to fund our accumulated deficits. If we wanted to be fully funded in today's dollars, we would need to issue another $50 trillion of debt.
Now, if OS may break into the local patios:
Ya'll, these are grownups who have to be in charge of the endowments of major universities, unlike the clown circus who run the White House and Congress. University of Texas existed long before this crew ever got together, and intends to be in business long after they have left to write their mutually-incriminating biographies.
These people ain't no AstroTurf, or TeaParty TeaBaggers, or Glenn Beck devotees, or secessionists, or Klan members, or any of that stuff. These are serious, sober, boring respectable people who have to make sure the alma mater is still in business for their grandchildren.
They are voting with their investment decisions, and they ain't endorsing The One, TurboTax Timmy, and Helicopter Ben, Miz Nancy and Mr. Harry, and Rahmbo. They are distancing themselves from this crowd, and trying to keep their corner of the world intact when things begin to come unwound.
Wednesday, June 23, 2010
Sovereign Default Hall Of Shame: May I Have The Envelope?
(H/T to Mish, the one and only Chief Rabbi of Economics)
Mish points us to the latest Credit Default Swap quotes.
It's sort of like golf: The higher your score, the worse your situation.
So, drumroll puhleezzze, for the Sovereign Default Hall of Shame!
Venezuela
Greece
Argentina
Pakistan
Ukraine
Dubai/Emirate of
Iraq
Illinois/State of
Portugal
California/State of
Wait-a-minit-thar, bubbah! OS gots a question or toooh 'bout this heah' list!
Illinois ranks below Pakistan, Iraq, and Dubai? Two of those states are in war zones, and one of them is run by a profligate royal family.
Now, where izzit that The Winner of the 2010 Nobel Peace Prize hails from?
Isn't that Illinois?
Didn't He serve in the state senate there and vote on spending bills that now have to be paid for?
And isn't that guy Chavez in Venezuela someone The One and his posse positively admire?
And isn't Argentina that country that wants to get another war underway over the Falkland Islands, with the active help of The Winner of the 2010 Nobel Peace Prize and Miss Hillary?
And isn't California the place that keeps voting Democrat, and building the welfare state, and is overrun with Mexicans--and isn't that where Miss Nancy Pelosi hails from?
Aren't they trying to do to the country what they did to their states?
So, if these folks and their friends are the True and Only Path of Enlightenment for both the government and economy, how come anybody with a buck to invest in sovereign debt runs away from them?
Maybe they know that these folks always take societies and their economies over the cliff?
Mish points us to the latest Credit Default Swap quotes.
It's sort of like golf: The higher your score, the worse your situation.
So, drumroll puhleezzze, for the Sovereign Default Hall of Shame!
Venezuela
Greece
Argentina
Pakistan
Ukraine
Dubai/Emirate of
Iraq
Illinois/State of
Portugal
California/State of
Wait-a-minit-thar, bubbah! OS gots a question or toooh 'bout this heah' list!
Illinois ranks below Pakistan, Iraq, and Dubai? Two of those states are in war zones, and one of them is run by a profligate royal family.
Now, where izzit that The Winner of the 2010 Nobel Peace Prize hails from?
Isn't that Illinois?
Didn't He serve in the state senate there and vote on spending bills that now have to be paid for?
And isn't that guy Chavez in Venezuela someone The One and his posse positively admire?
And isn't Argentina that country that wants to get another war underway over the Falkland Islands, with the active help of The Winner of the 2010 Nobel Peace Prize and Miss Hillary?
And isn't California the place that keeps voting Democrat, and building the welfare state, and is overrun with Mexicans--and isn't that where Miss Nancy Pelosi hails from?
Aren't they trying to do to the country what they did to their states?
So, if these folks and their friends are the True and Only Path of Enlightenment for both the government and economy, how come anybody with a buck to invest in sovereign debt runs away from them?
Maybe they know that these folks always take societies and their economies over the cliff?
Wednesday, June 16, 2010
Lord Lavendon Has A Few Questions for Mr. Obama: A Reasoned View From The UK
The erudite Lord Lavendon has requested that OldSouth pass his thoughts along to The One, The Winner Of The 2010 Nobel Peace Prize, The Editor Of The Harvard Law Review Who Never Had A Word Of His Own Published , Our Beloved Leader, The Messiah, aka The President of The United States:
Thanks, your Lordship! As often noted before, just 'cuz every word is true, it don't mean it will matter a bit to The One. Truth don't matter when there is power to acquire, ya'll.
And, trust me, we're doing our best to send Barney and Nancy on their way. They just like deer ticks on the fanny of this great country, blood-suckin', dug-in, hangin' on fer dear life, and hard to get rid of.
Stand Tall, Ya'll. And come visit us heah' in the Heartland. We are yoh' friends!
Dear Mr Obama,
Usually I would let this one go, but I am so incensed by the latest proclamation of the President of the USA, that I feel compelled to say it, i.e. the leader of our greatest ally has now compared BP and the disaster in the gulf of Mexico as being a new "9/11".
Thanks a bloody lot Mr President, so BP is now on the same level as the terrorists , suicide bombers and general threats to the USA, the civilised world and the whole of Christendom as well know it? Please, Mr President, get a bally grip. BP (which is half American anyway) has admitted responsibility for the cleanup and is going out of its way to rectify the oil flood which is playing out in American waters. But, I would hope that you understand that whereas this oil spill was an accident and that BP will pay out and rebuild what has been destroyed, the 9/11 terrorist scum leashed destruction on the USA, by choice, not accident. Furthermore, you cannot sue the terrorists nor are they an ally of yours.
If, as some of your colleagues are saying, that BP should be nationalised and asset stripped to pay for this terrible occurrence, will you not agree with me, that the UK should nationalise the UK subsidiaries of JP Morgan, Goldman Sachs, Morgan Stanley and the other "vampire squids" which have borne the UK economy to her knees? Seems wrong, illogical and wrong doesn't it ? But what is good for the goose..
Thanks a bloody lot Mr President, so BP is now on the same level as the terrorists , suicide bombers and general threats to the USA, the civilised world and the whole of Christendom as well know it? Please, Mr President, get a bally grip. BP (which is half American anyway) has admitted responsibility for the cleanup and is going out of its way to rectify the oil flood which is playing out in American waters. But, I would hope that you understand that whereas this oil spill was an accident and that BP will pay out and rebuild what has been destroyed, the 9/11 terrorist scum leashed destruction on the USA, by choice, not accident. Furthermore, you cannot sue the terrorists nor are they an ally of yours.
If, as some of your colleagues are saying, that BP should be nationalised and asset stripped to pay for this terrible occurrence, will you not agree with me, that the UK should nationalise the UK subsidiaries of JP Morgan, Goldman Sachs, Morgan Stanley and the other "vampire squids" which have borne the UK economy to her knees? Seems wrong, illogical and wrong doesn't it ? But what is good for the goose..
Also, I think that you can have the DVDs back, which you gave our former PM (not that he could watch them anyway) , in the same way that you returned the bust of Britain's greatest -yes greatest- Prime Minister Churchill. Churchill was a bally hero to us Brits, who bought us through Britain's darkest hour- yes our darkest hour- when the forces of national socialism had conquered all of Europe, it was only Britain and her Dominions who stood between the light and the dark, until the Japs made sure your entry on the right side. How would you feel if we had a bust of George Washington or Lincoln and gave it back? Clearly you need a lesson in manners, honour and decency.
Whilst I am ranting, I would just like to let you know that, with regret, many of my patriots are becoming increasingly anti- American. Those of us , who argue for strong Anglo-American ties, are becoming a minority. Your actions are quickly adding fuel to the fire of those who wish the UK to become a province of the Euro-Super state; a state which would be nothing more than a pro-French, anti- American front.
Finally, I would like to pay tribute to the people of your great nation- tribute for putting up with you for so long. If you had been in Britain, you would be in the tower by now. I only hope that your great nation will vote against you and your socialist Democrat party, to restore one of the great nations of this earth, to restore the liberties and freedoms of America, which are are light and a treasure to the rest of the world. We in the UK had to put up with 13 years of failed socialist government- we are bust and a beggar to the world. I pray that such a state will not happen in your country.
God Bless America, God bless the Anglo-American special relationship!
Yours Lavendon
P.S- when the next financial crisis hits us, can you please have sacked that bloody irritating 'Barney Frank', who looks like he belongs in an Al Capone movie?
P.P.S- also can you please retire Nancy Pelosi, as I fear than any further Botox, will send her over the edge.....
Thanks, your Lordship! As often noted before, just 'cuz every word is true, it don't mean it will matter a bit to The One. Truth don't matter when there is power to acquire, ya'll.
And, trust me, we're doing our best to send Barney and Nancy on their way. They just like deer ticks on the fanny of this great country, blood-suckin', dug-in, hangin' on fer dear life, and hard to get rid of.
Stand Tall, Ya'll. And come visit us heah' in the Heartland. We are yoh' friends!
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