Daily Archives: March 8, 2009

On Being a Wingnut Meme

I can’t say that I’m happy about becoming a wingnut meme as non-readers link to this blog from around the country, because wingnuts are, you know…nuts.

Anyway, Hube has banned me – so here is the response to his post that I would have left in the comment section if he were not so terrified of the truth.

Hube,

Instapundouche linked your post with a huffington post which made mine seem like I was calling your tea party treasonous – when in fact I think the tea parties are merely asinine. I was calling armed revolt against the government treason. What do you call it?

Also, with regard to my “arguments” get torn to shreds by new — and reasoned — visitors” You should read the comments that got caught in the spam filter. If by “reasoned” you mean “vile” you have a point.

Definition of the Evening

Fascism- noun:

1. (sometimes initial capital letter) a governmental system led by a dictator having complete power, forcibly suppressing opposition and criticism, regimenting all industry, commerce, etc., and emphasizing an aggressive nationalism and often racism

EFCA — Fearmongering CEOs Say The Sky Is Falling!

[youtube]http://www.youtube.com/watch?v=mOM0AMUqviY[/youtube]

The sky isn’t falling, of course, and these CEOs make themselves look very silly comparing unions to Islamic Fundamentalists — but they wouldn’t be going all out with their disinformation campaign if this effort was, say, making sure that bank executives get their bonuses.   It is the Road to Serfdom, all right, and these CEOs are hell bent to ensure that working people are the modern equivilent to medieval serfs.

Dems Have Nothing To Lose In The Limbaugh War

Dems have nothing to lose in the Limbaugh War because this fight isn’t about us.  It’s about Republicans. Seriously, we have nothing to lose.  If Rush wins (and he’s clearly winning so far) then he becomes the leader of the Republican Party.  However, if the GOP succeeds in putting Rush in his place then they risk losing the dittoheads that comprise a significant portion of their base, unless… anyone sees a scenario where Rush backs down, abdicates his throne, and instructs his followers to listen to someone else?  Yeah, like that’s going to happen.

Still, some people want to issue warnings.  Giving him what he wants: The Dems are fools is an example of one such post.  Now the billboard contest is extremely silly, but giving Rush Limbaugh what he wants is anything but foolish.  It’s brilliant. Of course Rush is eating this up – that’s the point – but, in case you haven’t noticed, it’s Republicans, not Democrats, he’s eating up and spitting out.  And trying to paint this war as a Dem conspiracy, and therefore moot, is a waste of time.  Seriously, there was no story until Republicans fell over themselves apologizing to Rush.  That’s the story, and it’s being fed by Republicans attempting to find the middle ground with an egomaniac.

And while I agree with most of what David Frum says in his latest article the most he can hope to achieve with this piece is another on-air Limbaugh temper tantrum.  The saga continues, and, yes, I’m enjoying it (I’ll also be milking it) because I have nothing to lose!  So, pass the popcorn; this story is far from over.

What I just read

A while back when I was actually working Nemski had a bunch of you list some books that I should read.

I have read quite a few so far or when they aren’t available at the library I have read the books by the authors you suggested.  I recommend you all taking a look at the list and picking some of them up as we approach beautiful reading outside weather.

Cassandra recommended I read Infinite Jest. The author David Foster Wallace recently committed suicide after struggling with depression for the better part of 20 some years.  It is really a shame too, just reading this you can tell he had had first hand insight into the deep, black world that is addiction and depression.

infinit

I had reserved it from the Library a while ago and it had come in back in January. When I went to the library to pick it up I saw the lady lug it off the shelf and I just stared at it. OH MY GOD! The book has to weigh about 5 lbs. It is a 1079 page monster with the print about a 9 pitch.

It is by far, BY FAR the best book I have ever read.   Cassandra had told me that you will either love it or hate it and there is no in between. I agree 100%. The book took me a solid 5 weeks to read and there are times when 1 single paragraph can go on for 6 pages.  Your mind needs a break just to digest the amazing amount of detail Mr. Wallace describes to you.  Sentences can go on for 20 lines.  He creates his own words, he makes up his own acronyms and he even creates footnotes that have entire separate footnotes themselves. There is dialogue within the foot notes too.  The type on the footnotes is even smaller.

The title was apparently taken from Hamlet, however in Wikipedia it says that it might also have to do with the length of the book and what goes on between the cover.  I agree.  Wallace admits that he created the footnotes so as to break up the flow of the book.  It works.  You are reading along and there is footnote 274.  You flip to the back of the book and it is 10 pages of dialog not germane to the paragraph you are reading, but pertinent to the entire story.  I suggest getting 2 book markers. One for the footnote section one for the book.  It will help the constant flipping you will do.

Reading the book was an experience.  It was different, and I think I “get” what Wallace was trying to accomplish writing it the way he did.  Which made it that much more enjoyable and clever.

I tried to describe it to a friend of mine recently and the only way I can describe it (which wont do it justice) is:

If you took Tolstoy, Hunter S. Thompson, Orwell perhaps even Taibbi, had them take an incredible amount of LSD, sat them in a room together, told them to each write a book about what was going on in their brains without stopping or sleeping.  Then you mashed each of their books into one book without abridging any of what they wrote I think you would maybe, maybe have something close to Infinite Jest.

This book isn’t for the faint of heart. I even suggest reading something else while you read this book. There are going to be times where it will take you a half hour to read 7 pages. It is that good.

Just as an FYI if you don’t believe me on how good this book is.

Time magazine included the novel in its TIME 100 Best English-language Novels from 1923 to 2005 list.[1]

Here was their review

Read All About It in the Sunday Papers

El Somnambulo digs up the good stuff so that you don’t have to:

President Obama proposes outreach to the Taliban in a wide-ranging NYTimes interview:

Mr. Obama pointed to the success in peeling Iraqi insurgents away from more hard-core elements of Al Qaeda in Mesopotamia, a strategy that many credit as much as the increase of American forces with turning the war around in the last two years. “There may be some comparable opportunities in Afghanistan and in the Pakistani region,” he said, while cautioning that solutions in Afghanistan will be complicated.

The Chicago Tribune profiles Barack Obama’s 27-year-old chief speechwriter Jon Favreau.  Bulo hates him!

The 30-something generation, formerly Generation X, suffering the most from the economic downturn, according to the Boston Globe

The Christian Science Monitor poses the question and possible answer as to whether greenhouse gases can actually be removed from the atmosphere. Fascinating. Paging Tommywonk…

Dog Bites Man. From the LATimes, Donald Trump rips off wealthy investors on Baja California project.  As Trump and Jim Cramer prove, it’s OK to be a crook as long as you’re on TV and you’re charismatic. Come to think of it, that defines TV evangelists as well.

Finally, more on those Luzerne County judges who victimized hundreds of juveniles adjudicated for bogus offenses by sending them to privately-run detention centers run by a company that provided millions in kickbacks to the judges. If this piece from today’s Philadelphia Inquirer doesn’t make you both sad and angry, you might want to look elsewhere for your news and opinion.

Financial News You May Have Missed This Week

There is alot of interesting stuff being written by folks who are not exactly part of the cable news shouting match or who are talking about long term effects of this crash that may be useful. These are some of the best I read this week:

  1. NYT piece discusses something I’ve been pointing out for awhile — there is going to be a long-term if not permanent contraction of the consumption that so much of our economy was based on. To me, this is an argument for retraining to industries where jobs won’t be outsourced and additional investment (public and private) in New Economy initiatives.
  2. Not exactly news, but Barry Ritholtz gets on a righteous rant about the idiocy of bailing out AIG.
  3. Baseline Scenario discusses what would happen if bank bondholders were stiffed in receivership.  Basically, they think that taxpayers pay to clean up the broken china; or taxpayers pay to keep the china in a cabinet that is currently leaning at a 60° angle. The key being that taxpayers pay and increasingly there are few to no scenarios where taxpayers don’t pay for failed banks.

How about you? Any Must read financial articles or blog posts you want to share?