Clareified

Where does the good go

The market keeps dropping

President Obama is giving another speech tonight.
At least this time he’s not interrupting Gossip Girl Mondays.
I haven’t really had all that much to say about the Obama administration…mostly, because while I don’t believe sector wide bailout packages are the way to stimulate the economy, I don’t want to be in the company of the Republican asshats who were all “well, we have to do *something*” when the Bush Paulson bailout package went through, but now are all “oh, this is just pork spending” now that there is a D behind the President’s name. Morons.
I was at a dinner this weekend where the Republican guy –an otherwise, sweet old man that has been super helpful in teaching me Scrabble strategy — says “oh, Obama’s just like Carter. And I’m not just saying that as a Republican…it’s just fact.”
I don’t know as much about the Carter administration as I probably should…I was too young to really be cognizant about politics while it was happening, but his administration was too modern and short to really make it into my history/politics syllabi when I was in school. But the one thing I do vaguely remember was that Carter talked often about sacrifice. He made his poor daughter go to crap D.C. public schools, and had rolling blackouts in the White House to conserve energy and (I think) rationed gas. He was dealt a bad economic hand and decided to best way to handle it was to share the pain.
Obama, with his endless doomsday press conferences and economic addresses does seem to be following in this mold. He’s telling it like it is. And it sucks.
I guess this is how rational adults handle crises. They are honest. They are open. They are transparent.
But as Naughty By Nature once told us “All that talk about it won’t help it out, now will it?”
He needs to sit down with his economic team, do whatever they think needs to be done and then shut the hell up about it. It’s bad. We know. You inherited this mess. We know. But a watched Dow Jones line only seems to go down.
Change the subject…let’s ratchet up aggression in Afghanistan or get all up in North Korea’s grill…Heck, how about we form a national committee to hunt down Alex Rodriguez and make him pay? Let’s talk about something…nay ANYTHING else, until you have something good to tell us.
As long as all you have to say if unemployment is still increasing, jobs are still disappearing or that the market is about to hit a 15 year low, I don’t want to hear it anymore.
And I forshizzle don’t want to hear about it on Gossip Girl Mondays.

11 Responses to “The market keeps dropping”

  1. pearatty Says:

    Do you think Obama’s blackberry is a pearl? Because I hear that the blackberry Pearl is a piece of garbage.

  2. Dawn Summers Says:

    hahaha, no I’m sure he has the Presidential Blackberry. And I bet that’s really good.

  3. Eric Says:

    I don’t want to be in the company of the Republican asshats who were all “well, we have to do *something*” when the Bush Paulson bailout package went through, but now are all “oh, this is just pork spending” now that there is a D behind the President’s name. Morons.

    A lot of Republicans agree with you about the Bush Paulson bailout, as you call it. At the time they were saying the credit markets had frozen up, that companies wouldn’t be able to make payroll that week, that the entire economy was gonna come crashing down if we didn’t open the money spigot. In hindsight it looks like none of it was true. In the end it all looks like the biggest heist in world history.

    In retrospect the timing was critical – Bush knew he only had a couple months left, and he didn’t want to go down in history as the guy who let the economy blow up. There’s no way he would see the consequences of the spending, but he might have had to deal with the consequences of not spending. So he punted.

    But the remedy for a wild spending spree isn’t a second, bigger wild spending spree. For one thing there was no emergency so pressing a six hundred page bill had to be passed before the president or anyone in Congress could read it. When Congress passed it only the lobbyists knew what was even it it.

  4. Gerard Says:

    There’s no way he would see the consequences of the spending, but he might have had to deal with the consequences of not spending.

    I know what you mean, just look at Japan.

    I mean, if it hadn’t injected billions of dollars into its economy through reckless spending and slashed its interest rates repeatedly it might have experienced a decade-long recession…or something.

  5. Eric Says:

    Gerard, I’m not sure what you’re trying to say. I”m not defending him, I’m just saying he took the easy, safe way out from a political perspective. It was a mistake.

  6. Dawn Summers Says:

    And you know, Eric, had a single one of those asshat posts included any shadow of what you wrote about the bush paulson bailout plan being a mistake/heist I wouldn’t call them asshats. Or any of the republican congresspeople who voted for that plan…had they publicly stated that was a mistake rather than attack the new bailout as if it was a brand spanking new idea wrought by fdr and birthed by planned parenthood, i might have a smidgen of respect for them.

  7. Eric Says:

    Meh. You won’t catch me defending the Republicans in Congress very often. They ran on limited government for 40 years or so, and then when the voters gave them control of both houses of Congress they spent like drunken sailors with platinum AMEX cards. So even for a guy who wanted this monstrosity to fail it was a little bit hard to believe they were operating from principle.

    Anyway it doesn’t matter anymore. We’ve passed the point of no return on our way to tyranny.

  8. Dawn Summers Says:

    Tyranny?

  9. Gerard Says:

    C’mon, you know that the Senate naming him Dictator Perpetuo is just around the corner, right after the enactment of Tarp III.

    Seriously though, does this guy ever shut up? It’s been over thirty-five minutes and he’s still talking about wind power?! Fidel Castro is less loquacious.

  10. Gerard Says:

    And can he stop trying to insert himself into every major sporting event that I enjoy watching? There’s a reason I got a high-definition television, and it wasn’t to watch Barack Obama or Joe Biden.

  11. Eric Says:

    Tyranny?

    Yeah. Pretty much always accompanies the collapse of a democracy. Once the net consumers of government service outnumber the taxpayers you have a pretty unstable system. The story of the last forty years or so has been the shift of the entire tax burden to a smaller and smaller percentage of the electorate.

    And this has nothing to do with Obama. I don’t believe he has any kind of secret plan to seize power, and I don’t have any reason to believe Obama will be the first tyrant – I don’t like his policies, but he seems like a reasonably decent guy. It’s just sort of the natural order of things for people to want a “strong” leader when the current system stops working. Give me temporary power to rule by decree, and I’ll set everything right…

    I used to be pretty sure I wouldn’t be alive to see it. Now I’m not so sure.

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