The serious bloggers and thinkers, like Mish and Calculated Risk, and Bloomberg, etc. are all over this one, so you don't need to hear much about this from OS.
Financial Times has a good article summarizing the inevitable posturing and stupidity that precedes the really bad stuff happening.
They're all prickly and stuff about being quoted, so best to go there yerself.
Ireland is about to be enslaved by the banksters, 'cuz the taxpayers had to bail out the banksters a couple of years ago, 'cuz the banksters were acting like yer worst nephew with a meth habit and keys to the Porsche, and wrapped it 'round a telephone pole.
The Spanish and Portugese aren't far behind. The UK is getting hammered, and they're not even on the Euro.
There's something wrong with this picture. It's like the gorilla in the room no one wants to talk about.
The Euro is not so much a currency as a huge anvil attached to the ankles of every man, woman, and child from the Polish border to the west coast of the Emerald Isles.
That ten-year-old kid playing soccer in Dresden or rugby in Cork is gonna be stuck with the debts generated because a thirty-something banker in Barcelona rolls the dice on one more condo development on the Costa del Sol or sovereign debt offering from Athens. All profits are privatized, all risks are laid off onto the society at large.
Sweet. Where does OS go to sign up for that arrangement? (Just kidding...)
This will end in tears, ya'll, if we're lucky.
Only one question: Who's making money off this?
Saturday, November 27, 2010
Thursday, November 25, 2010
So Much To Give Thanks For...
...and not an adequate command of the language to express it all.
For those of us so blessed to live in the United States, our eternal gratitude first must go to our Maker, and to those wise and brave souls who sacrificed so much to make all this possible. Os hopes, in some small manner, to live up to their example.
For our friends overseas, especially those in the UK, thank you. We wouldn't be who we are, and have what we have, were it not for you.
Enjoy the day, everybody, and keep safe.
For those of us so blessed to live in the United States, our eternal gratitude first must go to our Maker, and to those wise and brave souls who sacrificed so much to make all this possible. Os hopes, in some small manner, to live up to their example.
For our friends overseas, especially those in the UK, thank you. We wouldn't be who we are, and have what we have, were it not for you.
Enjoy the day, everybody, and keep safe.
Wednesday, November 24, 2010
Math Matters: Tennessee Halts Further Enrollments In Tuition Prepay Program
The investment yields, say, 3.25%--or whatever ZimbabweBen has run the long bond down to...
State Treasurer David H. Lillard Jr. won approval for the suspension by the BEST program's board of trustees Monday afternoon. The state has pumped $40million of taxpayer money into the prepay program in recent years to cover the gap between its payout and investment earnings, including $14.75 million this year.
"I believe the prepaid tuition program was started with good intentions," Lillard said. "I do not believe it would be wise to potentially put future taxpayer dollars at risk by expanding the program."
The costs at university have gone up a multiple of that, for a long list of reasons.
The state has spent $40 million keeping the program solvent, and wisely, threw in the towel.
Next time we see TurboTax Timmy and BawneyFwank demanding Doz'Wascawy Wepubwikans stop criticizing Da Fed...could we perhaps remember what the inexorable math created by these sorts of people and policies actually does to people in the real world?
Yes, yes, the State of Tennessee should not have opened the program thirteen years ago, perhaps. And the first year the taxpayers had to pony up to maintain solvency, this action should have been taken.
But, this object lesson in the punishment of savers and rewarding of hustlers will not be lost on the young people whose families decided to save for college.
Math matters.
State Treasurer David H. Lillard Jr. won approval for the suspension by the BEST program's board of trustees Monday afternoon. The state has pumped $40million of taxpayer money into the prepay program in recent years to cover the gap between its payout and investment earnings, including $14.75 million this year.
"I believe the prepaid tuition program was started with good intentions," Lillard said. "I do not believe it would be wise to potentially put future taxpayer dollars at risk by expanding the program."
The costs at university have gone up a multiple of that, for a long list of reasons.
The state has spent $40 million keeping the program solvent, and wisely, threw in the towel.
Next time we see TurboTax Timmy and BawneyFwank demanding Doz'Wascawy Wepubwikans stop criticizing Da Fed...could we perhaps remember what the inexorable math created by these sorts of people and policies actually does to people in the real world?
Yes, yes, the State of Tennessee should not have opened the program thirteen years ago, perhaps. And the first year the taxpayers had to pony up to maintain solvency, this action should have been taken.
But, this object lesson in the punishment of savers and rewarding of hustlers will not be lost on the young people whose families decided to save for college.
Math matters.
Top Ten Questions To Ask Yourself Before Becoming a TSA Agent: David Letterman
As promised, David Letterman's Top 10 list from November 22, 2010.
Top Ten Questions to Ask Yourself Before Becoming A TSA Agent
10."Do I need a degree in groping?"
9."Am I only doing this for the sweet-ass TSA uniform?"
8."If I find explosive underpants, may I keep them?"
7."Will I enjoy being cursed at 40 hours a week for minimum wage?"
6."If I find explosive underpants, may I keep them?" Dammit that was number 8. Who checks these things anyway?"
5."Should I practice by frisking people on the street?"
4."In five years, whose pants do I see my hands in?"
3."Do I really want to know what a fat guy's thighs feel like?"
2."May I frisk myself?"
1."What's the closest airport to Shakira's house?"
OS has put BigSis and TSA Head John Pistole on a personal countdown list, e.g., How many more days of utter idiocy, bullying of passengers, strip-searches of little boys and little old ladies, hour-long lines, unsold airline seats, flight delays (that will begin to affect air travel around the world) and daily humiliations at the hands of Letterman and his writers, before they are finally sacked.
They may make it through Christmas, maybe past January 1, but they won't survive the seating of the new Congress, when a Republican majority takes over the committees begins asking the hard questions, and issuing the subpeonas. By that time, the lawsuits will be stacking up on the doorstep of BigSis's office.
If they plan ahead, they can start now, shredding the papers and wiping the hard drives that document just how venal and inept they are. Circulate the resume for the next job, arrange to sell what they carry around in their heads to the Syrians, get a few talking head gigs on MSNBC scheduled, and generally prepare to get out of Dodge with some cash to keep them warm.
If Thanksgiving weekend goes pear-shaped, they'll be gone next week, with no time to cover their trail and arrange a pile of cash upon which to land. If planes start flying empty because passengers simply stay home, they'll be gone by Christmas, definitely. If the strip-searches of little children continue to be captured on video and posted, or scanner images of public people start showing up on the newsfeeds, they're gone the next day. In any case, 18 January will find them gone.
The non-stop spin at every media outlet betrays their level of anxiety.
About themselves.
Jest sayin', ya'll.....
Top Ten Questions to Ask Yourself Before Becoming A TSA Agent
10."Do I need a degree in groping?"
9."Am I only doing this for the sweet-ass TSA uniform?"
8."If I find explosive underpants, may I keep them?"
7."Will I enjoy being cursed at 40 hours a week for minimum wage?"
6."If I find explosive underpants, may I keep them?" Dammit that was number 8. Who checks these things anyway?"
5."Should I practice by frisking people on the street?"
4."In five years, whose pants do I see my hands in?"
3."Do I really want to know what a fat guy's thighs feel like?"
2."May I frisk myself?"
1."What's the closest airport to Shakira's house?"
OS has put BigSis and TSA Head John Pistole on a personal countdown list, e.g., How many more days of utter idiocy, bullying of passengers, strip-searches of little boys and little old ladies, hour-long lines, unsold airline seats, flight delays (that will begin to affect air travel around the world) and daily humiliations at the hands of Letterman and his writers, before they are finally sacked.
They may make it through Christmas, maybe past January 1, but they won't survive the seating of the new Congress, when a Republican majority takes over the committees begins asking the hard questions, and issuing the subpeonas. By that time, the lawsuits will be stacking up on the doorstep of BigSis's office.
If they plan ahead, they can start now, shredding the papers and wiping the hard drives that document just how venal and inept they are. Circulate the resume for the next job, arrange to sell what they carry around in their heads to the Syrians, get a few talking head gigs on MSNBC scheduled, and generally prepare to get out of Dodge with some cash to keep them warm.
If Thanksgiving weekend goes pear-shaped, they'll be gone next week, with no time to cover their trail and arrange a pile of cash upon which to land. If planes start flying empty because passengers simply stay home, they'll be gone by Christmas, definitely. If the strip-searches of little children continue to be captured on video and posted, or scanner images of public people start showing up on the newsfeeds, they're gone the next day. In any case, 18 January will find them gone.
The non-stop spin at every media outlet betrays their level of anxiety.
About themselves.
Jest sayin', ya'll.....
Tuesday, November 23, 2010
Barney Frank Joins LittleTimmy's Spin For The Fed
That paragon of good judgment, Barney Fwank, joins Timmy in decrying those Wascawwy Wepublikans who dare to criticize Da Fed.
Oh, the humanity.
“I was appalled to see a group of Republican economists from the Bush and Reagan administration” arguing against the Fed’s asset-purchase program. “Republicans are joining the central bank of China in attacking Bernanke. This is really distressing to me.”
Frank, who spoke in an interview today on Bloomberg Television’s “In Business with Margaret Brennan,” called the Fed program to purchase $600 billion in assets through June “a very reasonable thing” that isn’t fueling inflation, as Republican critics contend.
A group of 23, including former Republican government officials and economists, published a letter to Bernanke urging him to halt the expansion of monetary stimulus because it risks an inflation surge. Separately, John Boehner, nominated to be the next House speaker, and three other Republicans leaders last week sent Bernanke a letter expressing “deep concerns” about a policy they said risked weakening the dollar and fueling asset bubbles.
Mr. Frank might be better served attending to his paper shredders.
Oh, the humanity.
“I was appalled to see a group of Republican economists from the Bush and Reagan administration” arguing against the Fed’s asset-purchase program. “Republicans are joining the central bank of China in attacking Bernanke. This is really distressing to me.”
Frank, who spoke in an interview today on Bloomberg Television’s “In Business with Margaret Brennan,” called the Fed program to purchase $600 billion in assets through June “a very reasonable thing” that isn’t fueling inflation, as Republican critics contend.
A group of 23, including former Republican government officials and economists, published a letter to Bernanke urging him to halt the expansion of monetary stimulus because it risks an inflation surge. Separately, John Boehner, nominated to be the next House speaker, and three other Republicans leaders last week sent Bernanke a letter expressing “deep concerns” about a policy they said risked weakening the dollar and fueling asset bubbles.
Mr. Frank might be better served attending to his paper shredders.
When Is Obama Gonna Locate His Huevos And Fire Napolitano And John Pistole
Answer, never, because he actually is working toward creating his HopeyChangeySociety where anyone, anywhere can be 'patted down', i.e. groped and violated by any agency He designates. When anyone dare record the event, and publicize it, they become targets of intimidation by thugs. The gropers are doing His bidding, creating an atmosphere where any and all understand that they have no expectation of privacy. They are just grooming the targets for more violations later.
John Pistole, that paragon of courage, was on every morning news show trying to spin this thing to Kingdom Come, with Washington jargon about 'flexibility', 're-examining procedures', etc.
Remember, he's a Jargonista, one who views language as nothing more than noises to be made in order to get one's way. Words do not have intrinsic meaning, and individuals have no intrinsic dignity. This is the same guy who, in very blunt language before a Congressional committee declared last week that this is going to be the policy, and no one will change it. Those words, he meant. He just assumed nobody was paying attention last week.
This week, the HopeyChangies discovered people are in fact, well, paying attention. And posting incidents like the following, a strip-search of an eight-year-old boy in Salt Lake City, who did not set off a scanner alarm, and who understandably was reluctant to have a stranger grope his private parts. That made him suspect in the minds of the agents of the TSA.
Sickos.
This was posted by the college student who witnessed the incident, and made the video. Read his description of the incident, and the attempts to intimidate him in the wake of his recording of the outrage.
This is our future, unless we stand up and scream NO NO NO. Never.
Not me. Not my spouse. Not my aged parents. Not cancer patients with ostomy bags, who are left soaking in their own urine, without aid or apology. Not breast cancer survivors, with surgical wounds still healing (like a good friend of OS's, who won't likely be flying and taking that risk.)
And certainly not my children.
NO.
What part of NO does that narcissist in the White House not understand?
TSA claims this is preventing another 'underwear bomber attack'. Not, it's not. It's about refusing to do realistic, hard work, to keep known dangerous people off flights. The Underwear Bomber had warning flags all over him. His own father had contacted US authorities at a high level to warn them his son had become a jihadist. He flew from Africa, paying cash for his ticket. In the interests of political correctness, the authorities refused to question him and search him.
That's what happened. The Obama Adminisitration are now using it as a pretext to crack down on the culture, to make it as unfree as possible, as quickly as possible.
Letterman's Top 10 list tonight covered this scandal, and it was devastatingly funny. OS will find and post it as soon as possible. One earlier joke in the evening, though, said much: The TSA is getting so many complaints about their agents groping children, that they've begun transferring them to other parishes.
That about says it.
There is so much more to say. But it's late.
Tell your friends, call your Congressman, tell the airlines you'll be driving instead.
John Pistole, that paragon of courage, was on every morning news show trying to spin this thing to Kingdom Come, with Washington jargon about 'flexibility', 're-examining procedures', etc.
Remember, he's a Jargonista, one who views language as nothing more than noises to be made in order to get one's way. Words do not have intrinsic meaning, and individuals have no intrinsic dignity. This is the same guy who, in very blunt language before a Congressional committee declared last week that this is going to be the policy, and no one will change it. Those words, he meant. He just assumed nobody was paying attention last week.
This week, the HopeyChangies discovered people are in fact, well, paying attention. And posting incidents like the following, a strip-search of an eight-year-old boy in Salt Lake City, who did not set off a scanner alarm, and who understandably was reluctant to have a stranger grope his private parts. That made him suspect in the minds of the agents of the TSA.
Sickos.
This was posted by the college student who witnessed the incident, and made the video. Read his description of the incident, and the attempts to intimidate him in the wake of his recording of the outrage.
This is our future, unless we stand up and scream NO NO NO. Never.
Not me. Not my spouse. Not my aged parents. Not cancer patients with ostomy bags, who are left soaking in their own urine, without aid or apology. Not breast cancer survivors, with surgical wounds still healing (like a good friend of OS's, who won't likely be flying and taking that risk.)
And certainly not my children.
NO.
What part of NO does that narcissist in the White House not understand?
TSA claims this is preventing another 'underwear bomber attack'. Not, it's not. It's about refusing to do realistic, hard work, to keep known dangerous people off flights. The Underwear Bomber had warning flags all over him. His own father had contacted US authorities at a high level to warn them his son had become a jihadist. He flew from Africa, paying cash for his ticket. In the interests of political correctness, the authorities refused to question him and search him.
That's what happened. The Obama Adminisitration are now using it as a pretext to crack down on the culture, to make it as unfree as possible, as quickly as possible.
Letterman's Top 10 list tonight covered this scandal, and it was devastatingly funny. OS will find and post it as soon as possible. One earlier joke in the evening, though, said much: The TSA is getting so many complaints about their agents groping children, that they've begun transferring them to other parishes.
That about says it.
There is so much more to say. But it's late.
Tell your friends, call your Congressman, tell the airlines you'll be driving instead.
Sunday, November 21, 2010
A Moment Of Inspiration For Sunday: The I-TEC Flying Auto
A Green Shoots nominee, without a doubt. A wonderful contrast to the darkness visited upon the culture by WeimarBen, Timmy, the ECB, and the ClownCircus.
Steve Saint, the son of a missionary doctor, one of that group of four murdered by tribesmen in South America in the late fifties (another story, another day--or look up 'Jim Elliott), has created what appears to be a workable drive/fly auto.
This promotional video was produced about his drive from Florida to Oshkosh, Wisconsin, about 1500 miles. It's street-legal, with Florida tags. 0-60 in under four seconds, about 25 mpg, and with the wing deployed, and its push-prop enganged, it flies about 40 mph. Wouldn't want to run into a thunderstorm with it, but hey!--look at this thing, ya'll! It really could have a lot of uses. It can be fitted with pontoons, and run over water. It can drive over ice. There are a lot of hard-to-reach places in this country, and this could reach them, especially when roads are closed.
Not an Obama recovery sign to be seen on it. Wonder why....wonder why....
And his real reason to develop and market it? To be able to fund production of this sort of aircraft for missionary pilots in the bush and jungles--for humanitarian relief.
A big cheer for these folks. Let's just hope the soulless beings who run our guv'mint don't take too much notice.
We wouldn't want both entreprenurial spirit and Christian Charity to have a chance to flourish in the open now, would we? Folks might get all ambitious and uppity, decide they can do without Himself, Ben, Timmy and Big Sis.
They might (OMG!!) succeed.
Jest sayin'...
In the meantime, the boys at Top Gear could have a ball with this! Imagine The Stig behind the wheel...or perhaps Captain Slow!
Steve Saint, the son of a missionary doctor, one of that group of four murdered by tribesmen in South America in the late fifties (another story, another day--or look up 'Jim Elliott), has created what appears to be a workable drive/fly auto.
This promotional video was produced about his drive from Florida to Oshkosh, Wisconsin, about 1500 miles. It's street-legal, with Florida tags. 0-60 in under four seconds, about 25 mpg, and with the wing deployed, and its push-prop enganged, it flies about 40 mph. Wouldn't want to run into a thunderstorm with it, but hey!--look at this thing, ya'll! It really could have a lot of uses. It can be fitted with pontoons, and run over water. It can drive over ice. There are a lot of hard-to-reach places in this country, and this could reach them, especially when roads are closed.
Not an Obama recovery sign to be seen on it. Wonder why....wonder why....
And his real reason to develop and market it? To be able to fund production of this sort of aircraft for missionary pilots in the bush and jungles--for humanitarian relief.
A big cheer for these folks. Let's just hope the soulless beings who run our guv'mint don't take too much notice.
We wouldn't want both entreprenurial spirit and Christian Charity to have a chance to flourish in the open now, would we? Folks might get all ambitious and uppity, decide they can do without Himself, Ben, Timmy and Big Sis.
They might (OMG!!) succeed.
Jest sayin'...
In the meantime, the boys at Top Gear could have a ball with this! Imagine The Stig behind the wheel...or perhaps Captain Slow!
Saturday, November 20, 2010
Cranmer's Requiem For Ireland: The Eurocrat Coup
Cranmer says it best.
The Celtic Tiger must be very sick indeed.
But it is the karmically inevitable contagion which follows Brian Cowan’s lies and deceit about the Lisbon Treaty.
If you recall, the wise and proud people of Ireland rejected the Treaty, and so they were ordered to vote again until they gave the right answer. It shows a marked lack of political discernment that the Irish Times didn’t realise at that point that Irish sovereignty had ceased to be.
For the UK, this bail-out is about assisting a long-time friend and trading partner whose history, culture and traditions are tied to our own: for the EU, this bail-out is about saving the euro, and so saving ‘Europe’.
Are Ireland’s politicians so incompetent and obtuse that they could not grasp that the abolition of the punt heralded the end of national sovereignty? Did they not understand that there can be no ‘pooling’ of the essential sovereignty by which the independence of the state is defined?
Why were they not honest about the euro and Lisbon being concerned with the depriving the Dáil of the right to make its own decisions on behalf of the Irish people? Why would the people who still talk of the potato famine as though it were yesterday and of Cromwell as though he were a demon from hell ever wish to surrender their right to the ‘self-determination’ which has been on the lips of Irishmen for centuries?
The control of money is at the core of politics, self-government and sovereignty itself. The monarch’s head upon a nation’s currency is a symbol of that sovereignty: the denarius that bore the head of Caesar belonged to Caesar; the sterling that bears the head of the Queen means that her authority in Parliament is absolute; the euro that bears the insignia of the European Union shall be rendered unto the European government because it belongs to the European government. The introduction of the euro was not only the crowning of economic integration, it was a profoundly political act, because a currency is not just another economic factor but also symbolises the power of the sovereign who guarantees it. Since this power is guaranteed by the European Central Bank, the ECB is Europe’s Caesar. Whatever other token national symbols the currency displays, they are as nothing compared to the supra-national power and authority of Caesar’s European Bank.
And, from Germany, Weimar Ben now speaks openly of global coordination of currencies and economies, which also means nations and cultures. Of course, it would all be run by people like him, and Little Timmy, and Tony Blair, and...fill in the blank.
It is not yet too late, but the danger approaches.
The Celtic Tiger must be very sick indeed.
But it is the karmically inevitable contagion which follows Brian Cowan’s lies and deceit about the Lisbon Treaty.
If you recall, the wise and proud people of Ireland rejected the Treaty, and so they were ordered to vote again until they gave the right answer. It shows a marked lack of political discernment that the Irish Times didn’t realise at that point that Irish sovereignty had ceased to be.
For the UK, this bail-out is about assisting a long-time friend and trading partner whose history, culture and traditions are tied to our own: for the EU, this bail-out is about saving the euro, and so saving ‘Europe’.
Are Ireland’s politicians so incompetent and obtuse that they could not grasp that the abolition of the punt heralded the end of national sovereignty? Did they not understand that there can be no ‘pooling’ of the essential sovereignty by which the independence of the state is defined?
Why were they not honest about the euro and Lisbon being concerned with the depriving the Dáil of the right to make its own decisions on behalf of the Irish people? Why would the people who still talk of the potato famine as though it were yesterday and of Cromwell as though he were a demon from hell ever wish to surrender their right to the ‘self-determination’ which has been on the lips of Irishmen for centuries?
The control of money is at the core of politics, self-government and sovereignty itself. The monarch’s head upon a nation’s currency is a symbol of that sovereignty: the denarius that bore the head of Caesar belonged to Caesar; the sterling that bears the head of the Queen means that her authority in Parliament is absolute; the euro that bears the insignia of the European Union shall be rendered unto the European government because it belongs to the European government. The introduction of the euro was not only the crowning of economic integration, it was a profoundly political act, because a currency is not just another economic factor but also symbolises the power of the sovereign who guarantees it. Since this power is guaranteed by the European Central Bank, the ECB is Europe’s Caesar. Whatever other token national symbols the currency displays, they are as nothing compared to the supra-national power and authority of Caesar’s European Bank.
And, from Germany, Weimar Ben now speaks openly of global coordination of currencies and economies, which also means nations and cultures. Of course, it would all be run by people like him, and Little Timmy, and Tony Blair, and...fill in the blank.
It is not yet too late, but the danger approaches.
Timmy Through The Looking Glass: Geithner's Interview On Bloomberg
File this under: YouJustCan'tMakeThisStuffUp...
Or: WhatPlanetIsHeFrom?
Or: WhatIsHeSmoking?
Words fail, so OS will just lift a couple of the more prominent quotes, but providing appropriate local translation, since Timmy insists on employing JargonSpeak in lieu of English.
U.S. Treasury Secretary Timothy F. Geithner warned Republicans against politicizing the Federal Reserve and said the Obama administration would oppose any effort to strip the central bank of its mandate to pursue full employment.
“It is very important to keep politics out of monetary policy,” Geithner said in an interview airing on Bloomberg Television’s “Political Capital with Al Hunt” this weekend. “You want to be very careful not to take steps that hurt our
credibility.”
Translation: Yew! Yeah, Yew Bubbah! You just gotta sit yer behonkus down and shut up!
We're busy printing money here, and saving the world in the process. If you start complaining, why that'll just mess everthing up! And if thangs go south on us, it'll aaaallll be yer dam' fault! Instead of George Bush's fault...
Geithner, 49, declined to say what compromise the Obama administration would be willing to consider on extending Bush- era tax cuts, while ruling out making permanent the reductions for the wealthiest Americans.
“It is not responsible, and I could not recommend to the president in good conscience, that we go out and borrow $700 billion to make those high-end tax cuts permanent,” Geithner said.
Shoot-fahr, ya'll! we're borry'in that 700 large for our pet projects and vote buyin'. We gotta keep Kuhlifornia, YewNork and Illinoiz from rolling over and dyin' on us, gotta keep the borders open to let all those new voters in for 2012, keep all the Gulf states from drilling for oil and gettin' prosperous and uppity on us again, pay for all them civilian trials so we can cut them jihadists loose; and when that GM trash starts headin' for 20, we gotta have us some cash on hand to keep the UAW happy. Hell, I won't even START to tell you how much we gotta funnel to the NEA to keep them girls quiet! Whoo-wee, they jest won't let up!
On Europe, Geithner said a financial rescue of Ireland could mark an end to the continent’s sovereign debt crisis.
That's 'cuz we're just gunna pretend Greece, Spain, Portugal, and Italy don't exist no moh'! That'll fix that problem, once and fer all! And we'll just ignore all those bad loans to Poland and parts east. They don't exist no more, neither!
“It is very important that we respect and honor what the Congress did when it set up our independent central bank with a mandate to keep prices low and stable over time and to make sure” it promotes “sustainable economic growth,” said Geithner, who was president of the Federal Reserve Bank of New York before taking over as Treasury secretary last year.
Whut'sThatChewSay? You disagree? Then you be politicizin' that great American institution, The Fed'ral Reserve. Them's the folks that have done us the favor of lowering the value of the dollar 90% since they set up shop in 1913. Yew jest sitcherselfdown now, and keep quiet.
People might suspect we don't know whut weeze doin'. That would erode people's confidence in us...and we gots us lots of that theze daze. Hell, they might even start thankin' that it looks funny to have a revolving door between the Fed and the Treasury, like there might be some, you know, undisclosed conflicts of interest stuck away in the broom closet.
And, no, you ain't allowed to ask about them, neither.
Or: WhatPlanetIsHeFrom?
Or: WhatIsHeSmoking?
Words fail, so OS will just lift a couple of the more prominent quotes, but providing appropriate local translation, since Timmy insists on employing JargonSpeak in lieu of English.
U.S. Treasury Secretary Timothy F. Geithner warned Republicans against politicizing the Federal Reserve and said the Obama administration would oppose any effort to strip the central bank of its mandate to pursue full employment.
“It is very important to keep politics out of monetary policy,” Geithner said in an interview airing on Bloomberg Television’s “Political Capital with Al Hunt” this weekend. “You want to be very careful not to take steps that hurt our
credibility.”
Translation: Yew! Yeah, Yew Bubbah! You just gotta sit yer behonkus down and shut up!
We're busy printing money here, and saving the world in the process. If you start complaining, why that'll just mess everthing up! And if thangs go south on us, it'll aaaallll be yer dam' fault! Instead of George Bush's fault...
Geithner, 49, declined to say what compromise the Obama administration would be willing to consider on extending Bush- era tax cuts, while ruling out making permanent the reductions for the wealthiest Americans.
“It is not responsible, and I could not recommend to the president in good conscience, that we go out and borrow $700 billion to make those high-end tax cuts permanent,” Geithner said.
Shoot-fahr, ya'll! we're borry'in that 700 large for our pet projects and vote buyin'. We gotta keep Kuhlifornia, YewNork and Illinoiz from rolling over and dyin' on us, gotta keep the borders open to let all those new voters in for 2012, keep all the Gulf states from drilling for oil and gettin' prosperous and uppity on us again, pay for all them civilian trials so we can cut them jihadists loose; and when that GM trash starts headin' for 20, we gotta have us some cash on hand to keep the UAW happy. Hell, I won't even START to tell you how much we gotta funnel to the NEA to keep them girls quiet! Whoo-wee, they jest won't let up!
On Europe, Geithner said a financial rescue of Ireland could mark an end to the continent’s sovereign debt crisis.
That's 'cuz we're just gunna pretend Greece, Spain, Portugal, and Italy don't exist no moh'! That'll fix that problem, once and fer all! And we'll just ignore all those bad loans to Poland and parts east. They don't exist no more, neither!
“It is very important that we respect and honor what the Congress did when it set up our independent central bank with a mandate to keep prices low and stable over time and to make sure” it promotes “sustainable economic growth,” said Geithner, who was president of the Federal Reserve Bank of New York before taking over as Treasury secretary last year.
Whut'sThatChewSay? You disagree? Then you be politicizin' that great American institution, The Fed'ral Reserve. Them's the folks that have done us the favor of lowering the value of the dollar 90% since they set up shop in 1913. Yew jest sitcherselfdown now, and keep quiet.
People might suspect we don't know whut weeze doin'. That would erode people's confidence in us...and we gots us lots of that theze daze. Hell, they might even start thankin' that it looks funny to have a revolving door between the Fed and the Treasury, like there might be some, you know, undisclosed conflicts of interest stuck away in the broom closet.
And, no, you ain't allowed to ask about them, neither.
Friday, November 19, 2010
Chinstraps On, Ya'll: Here Comes Harry Potter At Well Over 100 Million Sales This Weekend
Just perusing a bit late night, to see how the opening is going, with Eastern and Central time zones now past midnight.
Holy-Moly.
It's on 9K screens in the US, and blowing the doors down.
Holy-Moly.
It's on 9K screens in the US, and blowing the doors down.
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