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August 01, 2011

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MayBee

Doesn't this whole agreement make the "Does Boehner really want to do this again in 6 months?" line of argument kind of passe'? They're going to going through brinksmanship negotiations again in November.

Doesn't it make Obama's "We can't have financial uncertainty at Christmastime!" seem ridiculous?

Threadkiller

Tonto, are you out there?

PD

That doesn't mean sending money to the RNC.

Indeed.

I would be surprised if there were a single person here who was still funding the poor investment that goes under the ticker symbol "RNC".

PD

Doesn't it make Obama's "We can't have financial uncertainty at Christmastime!" seem ridiculous?

You can stick pretty much anything Obama says between the quotes and the answer is the same.

JM Hanes

Jim Rhoads:

I think it means sending money to the RNC too.

They can distribute funds to key campaigns that might never even cross the public radar or might not have charismatic candidates. They can provide financial and technical help with advertising & promotion, oppo research, and get out the vote expertise -- and even help folks in pulling offices and staffs together.

Otherwise individual candidates just end up reinventing the wheel with whatever resources they can muster up. That's a particularly steep hill for first time challengers.

Melinda Romanoff

No doubt about that.

That Mississippi case was certainly testament to the importance to that.

Jim Rhoads a/k/a vnjagvet

Good point, JMH, but that's after the primaries. I will be interested to see what themes they choose to rally the troops.

Danube of Thought

I tried mightily, without success, to find a way to contact the estimable Budarsky by e-mail. I was fully prepared to dance an unprecedented whipsong on that fool's head.

JM Hanes

DoT:

That Budowski column was from last year before the elections. His career as a pundit may have been pretty short.

Danube of Thought

I know--he was predicting that the runaway locomotive barreling down the track all across the country would be instantly stopped dead if only Obama would nominate some unknown zany for a bureaucratic position nobody ever heard of. Truly beyond belief.

Ignatz

--The piece that worries me most is the sheer size of the Defense cuts that would kick in should the automatic reductions be triggered.--

I read somewhere that Boehner managed to include foreign aid, the TSA etc in things subject to "defense" cuts which I'd just as soon see gutted.

Danube of Thought

Our armed forces--and our standard of living--are headed for a protracted decline. It cannot be otherwise. The national government over time has made a cumulative set of promises to its citizens that it simply cannot keep, and it now has no choice but to figure out how to renege on those promises. The long knives will come out as the battle is fought over which promises to keep, and to whom. It is a fertlie field for demagoguery and class warfare, and we can expect a cornucopia of both.

The 2012 election campaign is going to be extraordinarily vicious. And if our side sweeps to victory, the struggle thereafter will be just as vicious. People do no meekly hop off the gravy train of other people's money, as we have seen so often.

It will be a long, twilight struggle.

JM Hanes

Reassuring, if true, Ignatz. I know jobs & the economy top the list of voter priorities, but I'm still hoping one of our candidates can make a compelling case that Obama's turn at foreign policy is not just dangerous, but disastrous.

Danube of Thought

Lemme axe you: did or did not Dana write this:

"An element of a shared symbolic system which serves as a criterion or standard for selection among the alternatives of orientation which are intrinsically open in a situation may be called a value. . . But from this motivational orientation aspect of the totality of action it is, in view of the role of symbolic systems, necessary to distinguish a ‘value orientation’ aspect. This aspect concerns, not the meaning of the expected state of affairs to the actor in terms of his gratification-deprivation balance but the content of the selective standards themselves. The concept of value-orientations in this sense is thus the logical device for formulating one central aspect of the articulation of cultural traditions in the action system.

"It follows from the derivation of normative orientation and the role of values in action as stated above, that all values involve what may be called a social reference. . . It is inherent in an action system that action is, to use one phrase, “normatively oriented.” This follows, as was shown, from the concept of expectations and its place in action theory, especially in the ‘active’ phase in which the actor pursues goals. Expectations then, in combination with the ‘double contingency’ of the process of interaction as it has been called, create a crucially imperative problem of order. Two aspects of this problem of order may in turn be distinguished, order in the symbolic systems which make communication possible, and order in the mutuality of the motivational orientation to the normative aspect of expectations, the ‘Hobbesian’ problem of order."

JM Hanes

I hope no one is too shocked that I'm actually quoting Peggy Noonan -- but just for the sake of contrast. Most folks may already have come across this:

I want to talk about something that started to become apparent to me during the debt negotiations. It's something I've never seen in national politics. It is that nobody loves Obama. This is amazing because every president has people who love him, who feel deep personal affection or connection, who have a stubborn, even beautiful refusal to let what they know are just criticisms affect their feelings of regard.... But people aren't that way about Mr. Obama. He has supporters and bundlers and contributors, he has voters, he may win. But his support is grim support..... The past few weeks I've asked Democrats who supported him how they feel about him. I got back nothing that showed personal investment. Here are the words of a hard-line progressive and wise veteran of the political wars: "I never loved Barack Obama.

Meanwhile, over at NRO, Robert Costa took CongressionalTea Party temperatures on John Boehner:

“We are going to be okay,” says Rep. Allen West (R., Fla.), a tea-party star who supports the deal. He denies that Boehner is in trouble with conservatives. “No, he is not,” West says. “The president is in trouble — the president surrendered.”

Freshman Rep. Joe Walsh (R., Ill.) admits to being disappointed with the final deal, “to a degree.” Still, he says, conservatives should not be throwing a tantrum. “We fought a fight as hard as we could fight,” he says. “This thing will probably pass today. I am not going to vote for it. But look at how the world has changed.” In that, he says, “I take heart.”

Looking at the big picture, Walsh adds, “this is clearly a win for all these troublesome conservative Republicans who came here to change the world.” Boehner, he notes, retains his popularity behind closed doors. “Everyone in that room loves him,” he says.

MayBee

Here's how I see it at this moment in time:

Boehner may have set up a situation which
a)Allows Republicans to form some fiscally responsible policies

b)Allows Obama to do his favorite thing, which is nothing. And get reelected for it.

Jim Ryan

Yes, Peggy, nobody loves a narcissist. They crowd around his booming voice at cocktail parties and basque in his beaming bodaciousness. But nobody loves him.

Danube of Thought

I disagree, MayBee. Obama is going to have to plenty of his least favorite thing, which is stake out a position and defend it. He tried gaseous generalities in this recent skirmish, and got hammered for it. If he has nothing more to offer in 2012 he will lose.

MayBee

Do you think, DoT? I don't see why he needs to stake out a position and defend it.
It's in Congress's hands. The triggers are automatic.

All he has to do is sign it or not when it's all over.
Tell me I'm wrong?????

Ignatz

--All he has to do is sign it or not when it's all over.
Tell me I'm wrong?????--

The issues are the economy and jobs, Maybee.
If they're still awful, which seems likely, nobody will give a fig about the debt ceiling. Additionally, debt ceiling or no, his deficit is still going to be well over a trillion.
I wouldn't want to run on that and neither does he.

MayBee

That's true and that's comforting, Ignatz.
I don't think anybody will give a fig about the debt ceiling. I do think they may listen to the idea that the GOP wants to kick seniors off social security and medicare while protecting people who make over $250,000 like Warren Buffett.

MayBee

And Obama? He didn't want any of that.

There are some who say Senior Citizens don't need the protection of Social Security. And there are some who say we must give Seniors anything they want.

But me? I believe that is a false choice. We can find a way to give Seniors the support they need in a fiscally responsible way.

Yes we can! Yes we can!

glasater

Below is a photo I took today representing an amiable skirmish between members of Moveon and our local Tea Party:

Walla Walla Tea Party 8.1.11

The fellow on the left can argue both sides in a debate--been there done that with the guy.
The big deal as I see it from the vitriol hurled at Cathy McMorris--deputy whip to Kevin McCarthy--is that she voted against Medicare.

MayBee

Republicans voted and said rich people like me shouldn't have to pay any more in taxes. People like me-- more money than I know what to do with--shouldn't have to kick in anything to solve the nation's problems.
Now, there are some Democrats who say, "let's tax everyone!"

But me? I believed there is a middle way. A way where people who have too much money lift us all up. Where the wealthy pay their fair share of taxes and hire those in need of jobs.

Yes we can!

Danube of Thought

Worked once, MayBee. But you can only be a novel blank page once.

What the tea party--and this recent debate--have done is prepare the battlefield. The electorate is now focused as never before on the issues of spending and debt. That focus will only intensify in the next 15 months. I am as aware as anyone about the demagoguery we will face, but keep in mind we have a potent demagogic arrow in our own quiver: the balanced budget amendment. Sure, it's a bad idea, but so what? The voters love it, and Democrats fear it as Dracula fears the crucifix.

Don't despair.

MayBee

Tell these things to me every night, DoT.

Danube of Thought

Count on it. And happy birthday.

MayBee

xoxoxox

Sara (Pal2Pal)

As one Senator said tonight, "It isn't the best deal for anyone, but it is the only deal right now considering." The fix is to elect more small government, lower taxes politicians.

Holly

DOT, keep talking. My brain is so addled with finance crap that it can't see the big picture. Muchas smooches for the comments tonight.

Extraneus

Why is the Balanced Budget Amendment a bad idea? Here's its latest incarnation:

`Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House of Congress shall provide by law for a specific excess of outlays over receipts by a rollcall vote.

`Section 2. The limit on the debt of the United States held by the public shall not be increased, unless three-fifths of the whole number of each House shall provide by law for such an increase by a rollcall vote.

`Section 3. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which total outlays do not exceed total receipts.

`Section 4. No bill to increase revenue shall become law unless approved by a majority of the whole number of each House by a rollcall vote.

`Section 5. The Congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect. The provisions of this article may be waived for any fiscal year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law.

`Section 6. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts.

`Section 7. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except for those for repayment of debt principal.

`Section 8. This article shall take effect beginning with the later of the second fiscal year beginning after its ratification or the first fiscal year beginning after December 31, 2016.'.

What's wrong with that?

Captain Hate

Nothing's wrong with it, ext; it will just take forever and a day to wend its way through the states where they'll be enough blue hells to keep it from being approved by a 3/4 margin imo. Section 5 is a nice touch that removes one of my primary objections though so obviously some serious thought went into drafting it; unlike BammyCare for example.

Captain Hate

they'll == there'll; just drinking coffee now

Extraneus

26 state legislatures are currently controlled by Republicans. 12 more and that's 3/4.

I'm just wondering if there's a valid criticism of what's written there. Steny Hoyer tried to offer one last week, and promptly fell flat on his face.

I think it would be great to hear impassioned speeches on the subject from our favorite lefties.

Captain Hate

Steny Hoyer tried to offer one last week, and promptly fell flat on his face.

Again, as an alumnus of the University of Maryland I have to offer my most sincere apologies for Steny. He was obviously part of some well-intentioned outreach program that went horribly wrong.

Thanks to JMH for that Budowski column; rarely have I seen such a witlessly gaseous case of self pawnage. And the comments were pure comedy gold.

Appalled

MayBee:

The President and the Democrats are going to try to stay ambiguous. They will always be willing to be negotiate about something, but what their positions are will never really be known, and no deal will ever result until after 2012.

The bad news, folks, is that major entitlement reform is going to require buy in from the Democrats, in the same way that any major tax changes are going to require GOP buy in. How we get to that point, I do not know. We certainly need a different President, because this one does not know how to negotiate in good faith.

Ignatz

--I'm just wondering if there's a valid criticism of what's written there.--

My only criticism is that even in California Prop 13 established a super majority requirement to raise taxes, which has been a major league impediment to running us over the cliff many years ago.
Why require a super majority to raise more debt or run a deficit but retain a simple majority to raise taxes?

Appalled

The internal guidance of my firm suggests that we have simply traded a debt crisis today for a tax and debt crisis for a lame duck session after the 2012 election.

I would have thought they could have at least kicked this to the next Congress. Doing this in a lame duck is likely going to be extremely ugly, and I would not put it past Obama, should he be defeated, to amp up the crisis by vetoing anything that is not Democratic dogma.

Oh well, something to be depressed about tomorrow.

pagar

"We certainly need a different President, because this one does not know how to negotiate in good faith."

" Has anyone stopped to consider the frightening thought that, yes, Obama has performed to the best of his ability?

http://bobmccarty.com/2011/08/01/its-time-to-speak-the-i-word-impeachment/#comments

Has anyone stopped to consider that the voters who elected him performed to the best of their ability? That is the scary part of this whole mess.

MayBee

The internal guidance of my firm suggests that we have simply traded a debt crisis today for a tax and debt crisis for a lame duck session after the 2012 election.

How do we make it that long? It seems to me the next crisis point is this November. Next Spring, at the very latest, to avoid a government shutdown (which would be a replay this year).

Ignatz

--How do we make it that long? It seems to me the next crisis point is this November.--

My understanding is that though this deal is in three tranches it is like the original McConnell plan in that congress has given Barry the power to raise the debt ceiling on his own unless congress blocks it, which seems highly unlikely after what they just went through.
And the total increase is around $2.4Trillion.
To me this puts the argument back on the field it should be on; the budget itself.
Now, in a quick scan of Drudge, Real Clear Markets and CNBC it seems more and more people are using the words 'double dip' and 'recession' in place of 'soft patch' as the numbers continue to unexpectedly weaken, such as this morning's news that consumer spending was in negative territory for the first time in two years. So we'll see just how long that $2.4T lasts; perhaps we won't even get to a lame duck session.

Danube of Thought

Minus 18 at Raz today.

Captain Hate

So we'll see just how long that $2.4T lasts

Under El JEFe, that has the life expectancy of a roll of toilet paper at a Taco Bell.

MayBee

My understanding is that though this deal is in three tranches it is like the original McConnell plan in that congress has given Barry the power to raise the debt ceiling on his own unless congress blocks it, which seems highly unlikely after what they just went through.
And the total increase is around $2.4Trillion.
To me this puts the argument back on the field it should be on; the budget itself.

Thanks.
I guess I'm having trouble seeing why the budget negotiations coming up are going to be any less perilous than the debt ceiling negotiation.
I understand that the budget negotiations won't have the risk of default hanging over them, but the rest of it should be the same.
Tax fights. Program fights. Accusations. Threats of SS checks not going out.

I appreciate that the debt ceiling raise is of substantial importance, but what we've just gone through was more about the budget than the debt ceiling. No?

Belarus Bytes

The bad news, folks, is that major entitlement reform is going to require buy in from the Democrats, in the same way that any major tax changes are going to require GOP buy in How we get to that point, I do not know.

Why do you think major entitlement reform requires Democratic buy in? Was there Republican buy in for Obamacare? It seems to me that Republicans can do it alone if they control all branches IF they have the intestinal fortitude to do it.

Captain Hate

It seems to me that Republicans can do it alone if they control all branches IF they have the intestinal fortitude to do it.

I'm not convinced they do. I've pointed out recently that even under Reagan the government still grew; and yes, I acknowledge that he still had to deal with a donk congress. But we still have a lot of Repukes that have a history of spending money that we don't have; they just spent it on *their* constituents. I'm not sure that if they get back in control they won't start pulling the same garbage again. I hope I'm wrong but I honestly don't trust them. And I don't think they've earned anybody's trust.

Danube of Thought

I kind of like that draft amendment. And I absolutely love the idea of making Democrats vote on it over and over and over.

Seems to me it would be a real stretch to get a filibuster-proof Senate. So at least a few Dem senators will have to go along with entitlement reform.

JackisBack!

Now we are at 39K feet.

Noted on other thread that the Judge called unconstitutional this morn o F&F radio on way to MCO for our flight. Says Congress has given its powers of pursestrings to some nameless bureaucrat who can pull the trigger.

Belarus Bytes

I'm not convinced they do.

I'm not either which I why I included a big IF. But I don't see Democrats (at least the current crop) ever buying in on major entitlement reform.

narciso

A little humor, unintentional on his part from Kevin DRum:

Public opinion is everything. Ronald Reagan was successful because public opinion supported him: he wanted to cut taxes and raise defense spending and so did big chunks of the public. He was leading in a direction that they already wanted to go.

This is why I blame the broad liberal community for our failures, not just President Obama. My biggest beef with Obama is the same one I had three years ago, namely that he’s never really even tried to move public opinion in a specifically progressive direction. But that hardly even matters unless all the rest of us have laid the groundwork. And we haven’t. Wonks, hacks, activists, all of us. We just haven’t persuaded the public to support our vision of government.

Janet

But we still have a lot of Repukes that have a history of spending money that we don't have; they just spent it on *their* constituents.

Exactly, Captain. I don't want NPR doing Republican shows...I want them shut down or cut off from government anyway.
It is not about 1 million or 10 million for some program...it is about closing the program down. If citizens are interested in certain programs, they can donate to it & fund it themselves.

Shrink government!!

Janet

Wonks, hacks, activists, all of us....grifters, leeches, whiners,...

Extraneus

Wonks, hacks, activists, all of us. We just haven’t persuaded the public to support our vision of government.

Heh.

Such idealism. Is he a very young guy?

Apparently he doesn't know that the only way they got this far was by hiding their "vision of government" from the voters.

Keep shouting it from the rooftops, hacks. Just a little louder, though. It's gonna work!

Captain Hate

If this is true it's very disappointing and I think we were all conned: http://www.weeklystandard.com/blogs/fiscal-conservatives-barred-supercommittee_581921.html?nopager=1

Extraneus

grifters, leeches, whiners,...

...rustlers, cut throats, murderers, bounty hunters, desperados, mugs, pugs, thugs, nitwits, halfwits, dimwits, vipers, snipers, con men, Indian agents, Mexican bandits, muggers, buggerers, bushwhackers, hornswogglers, horse thieves, bull dykes, train robbers, bank robbers, ass-kickers, shit-kickers and Methodists.

MayBee

CH-

That's disappointing. If I were a senator, I'd want to know who was going to be on that panel before I voted for it.

I'd want:
Paul Ryan
Eric Cantor
Pat Toomey
Rand Paul
Marco Rubio
and ________

Dave (in MA)

...sportos, motorheads, geeks, sluts, bloods, wasteoids, dweebies, dickheads, righteous dudes...

Danube of Thought

OT interesting details on the bin Laden raid.

Rick Ballard

MayBee,

It's going to be substantially less perilous going forward because the pathetic failure of the pseudo-Keynesian spending binge is going to be manifest and undeniable. The next leg down in the Obama/Democrat Depression is going to be rather wicked and may even get the Muddle to lift their heads from the feed bag a little earlier than usual wrt the '12 election.

Given the abject failure and general incompetence amply demonstrated by the President and his party, I do not believe that the Senate super majority is out of reach.

Extraneus

How can that be true, Captain? It's not in the text of the House bill. An informal McConnell threat? Flirting with a 3rd party if it's not b.s.

Ranger

Via RCP today:

It's the day the emperor officially has no clothes

"This may bring my presidency down," Obama reportedly told Cantor in their testy exchange, "but I will not yield on this."

He yielded on this. And it may bring his presidency down.

centralcal

MayBee, I would add Jeff Sessions to your list.

Extraneus

Lemonade stands? Lawn gardens? Rabbits? What's next?

Woodpecker-Saving Daughter Costs Mom $500, Possible Jail Time

Ben Franklin

"It will be a long, twilight struggle."

What is that...whining? There's no whining in Politics.

And since you have no takers, ('cept me) that writing is not recognizable as my own, but what is becoming clear is you seem to suffer from one of the seven deadlies......

MayBee

I hope, Rick. You can take the morning shift for talking me of the ledge.

CCal- good call.

Oh, and the only reason Rubio might be excused from being on the panel is if it would hurt his eventual presidential candidacy.

Ben Franklin


http://www.wired.com/dangerroom/


Bad news in America’s five-year-old proxy war against al-Qaida-allied Somali insurgents. Half of the U.S.-supplied weaponry that enables cash-strapped Ugandan and Burundian troops to fight Somalia’s al-Shabab terror group is winding up in al-Shabab’s hands..

The kicker: it’s the cash-strapped Ugandans who are selling the weapons to the insurgents.

This revelation, buried in U.N. reports and highlighted by controversial war correspondent Robert Young Pelton at his new Somalia Report website, raises some unsettling questions about Washington’s plans to out-source more wars in the future.

Captain Hate

Ext, a McConnell aide is refuting that so maybe it was some disinformation sent out by somebody of impeccable integrity like Chuck Schooooooooooooomer in one of his forays in search of a camera. Hard to imagine the Weekly Standard would get snookered but it probably wouldn't be the first time.

Captain Hate

Ulsterman FTW:

The one thing that almost everyone did agree with was how “idiotic”, “moronic”, “pathetic”, “self-serving”, “arrogant”, and “scary” President Obama’s role was during the process. Those are actual descriptions used against the president, and most of them came from Democrats. Everyone stunned over how little Barack Obama understands about anything. Told Harry Reid came out of a meeting with Obama over the weekend “visibly shaking” he was so angry at how little the president seemed to care about the process and related details of the agreement, and how flip and dismissive he was toward Senator Reid. “Just get something for me to sign Harry…” The primary concern of the Obama White House was the possibility of the debt ceiling issue carrying forward into the 2012 election cycle. The president and his people made that abundantly clear to anyone who would listen time after time after time.

Porchlight

Thanks for that Podhoretz link, Ranger - a useful eagle eye view.

What smart person here observed the other day that Obama must really be regretting not agreeing to the first compromise bill? Podhoretz lays that out and mentions the 400 billion sweetener that the Repubs walked away from (another smart commenter here was all over that lameass negotiating strategy).

So Cantor and Boehner called Obama's bluff and Obama lost the game of chicken that he initiated. Now he looks like a chump.

I am still worried about the Tea Party reaction and its bearing on the elections, but I am beginning to feel just slightly better about all of this.

Extraneus

Debt Ceiling: Budget Experts See Deal as 'Spit in the Ocean'

"A drop in the bucket, or even spit in the ocean," chuckled Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget.
Ben Franklin

This Deal, even though it goes through the election, still gets it done for you guys.......

It is so lame-filled compared to the Vision, that it compares to the pitifully under-funded Stimulus.

It will do more harm than good to the Economy, therefore the Jobs will remain in the Bankster's Billfold, and we will stutter and stammer through the next 500 days. I think you win this one. The American People will have to wait for their jobs until you can take credit for delivering them. Good job.

Porchlight

Cap'n,

I accord the White House Insider "fake but accurate" status. No one is on record yet, but high-ranking Dems' criticism of Obama's sorry leadership and obsession with re-election has been corroborated elsewhere (most recently IIRC by Joe Scarborough).

MayBee

Don't worry about jobs.
Obama is meeting with the AFL-CIO today to discuss job creation.

So that's covered.

Belarus Bytes

BF,

Are you any relation to George Washington at Zero Hedge?

Ranger

Ben,

What has killed job creation is Obamacare and the seemingly endless parade of new regulations this administration seems to want to impose on anyone trying to make an honest profit in this country. Who would think about hiring new employees when there is no way to measure how much it will cost to have them on the payroll in a year?

Lets just tick off a few of the obsticles to job creation:

Obamacare's undefined but certain to be higher health care costs.

OSHA's new explicitly "we can't tell you what safe looks like, but we will fine you if we don't see it" regs (which is estimated to add about $3,000 per employee).

The promise of higher energy costs.

It is no wonder we will get no significant job growth in the country until Obama is out of office and all the anti-job regulations he has proposed are done away with.

Threadkiller

Rubio is a good choice for the death debt panel, Maybee.
A man of his character will admit he is not eligible for President.

Ben Franklin

"Lets just tick off a few of the *obsticles* to job creation:"

Ranger. No offense but that is the funniest line I've read.....it gives Obama Package a whole different meaning.

Ben Franklin

BB;

I had seen references to Zero Hedge, so I visited and want to thank you for the additional resource. No, I'm not GW

MayBee

David Gergen(!) on CNN last night said this deal makes industries even more unsure for another several months.
Will there be defense cuts? In what form? If you were a defense contractor, would you start anything new right now?

What about real estate? Is Obama going to get his wish and cap the deduction on interest rates? Is now a good time to buy?

JackisBack!

Barry did what he does best - lecture, belittle, thrash talk, practice petulance, act dismissive, bully, show his cards before bluffing, skim the pot for his ante, and then leave the room before he had to demonstrate he knew what he was talking about. No wonder Daffy is still alive and Putin so confident. I think everyone now knows this guy can easily be rolled.

Captain Hate

Anything new on Huma's pregnancy? Do we still have visual evidence that Muffer is still the surrogate?

MarkO

From the OT:

Biden said simply: 'We should all go to Mass tonight.'

Right-wing, Christian extremist murdering terrorist. Go finger your rosary you kooky Christian jihadist.

How's that, Ben-Dana?

Porchlight

and then leave the room before he had to demonstrate he knew what he was talking about.

JiB,

Sadly, not with Bubba at the podium. Damn, that was awesome. When they chronicle the top 10 moments of Obama's single term, that's gonna be way up there.

Belarus Bytes

As you can imagine, Putin's comments are receiving big play over here. The sad fact is that they contain an element of truth to them. No country, including America, can consistently spend more than it takes in and the American government has failed its people and the world by pretending it could.

Ben Franklin

Tehran Times;

"LAKE SELIGER, Russia - Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means like a parasite on the global economy and said dollar dominance was a threat to the financial markets.

“They are living beyond their means and shifting a part of the weight of their problems to the world economy,” Putin told the youth group Nashi while touring its lakeside summer camp some five hours drive north of Moscow."

Well, Vlad.....at least our Mafia State is white-collar....

Captain Hate

Yes, it's pretty bad when Putin is giving better advice to US citizens than El JEFe.

Janet

Anything new on Huma's pregnancy?

Hillary seems to still be wearing sympathy maternity clothes.

Jane

I think we should call for Biden to step down. He has referred to 41% of the country as terrorists. That is completely unacceptable.

sbw

While the 2012 election is not yet over, I am proud that this country has remained as stable as it has considering the threat Obama and his cronies have been to its very existence.

Captain Hate

Nice Jonah Goldberg rant: http://www.nationalreview.com/corner/273444/hell-you-people-jonah-goldberg

Belarus Bytes

OT - According to Marketwatch headlines, Bin Laden Group to build the world's largest tower. Perhaps it is the Belarussian beverage of choice speaking, but I find lots of black humor in that.

Rick Ballard

Boy, I dunno about that, Jane. There's a lot of risk in pulling the hair plugs covering the real brain behind Obama. If the smartest member of the administration is removed, who would replace him? A coat rack? Lamp stand? Pet rock?

Ben Franklin

China has announced its first nationwide feed-in tariff for solar projects in a step that underscores the determination of the world’s biggest energy user to move toward renewable energy, reports the FT. Beijing has made renewable energy a keystone of its energy policy and aims to raise solar power capacity tenfold in the next five years.

http://ftalphaville.ft.com/thecut/2011/08/01/639936/china-backing-for-solar-power/

I wonder why the Chinese are wasting so much time and resources on Ponzicratic Green?

Threadkiller

Muffer’s pregnant with Weiner’s seed?

But they have never done the deed

Crazy Huma was sly

before she ate at the Y

She didn’t brush her teeth

Ben Franklin

"Japan’s top government spokesman said early Tuesday the government is closely monitoring the recent decline of the U.S. dollar. “We are strongly concerned about the falling dollar and are keeping close watch” on the situation, Chief Cabinet Secretary Yukio Edano said at a press conference. He said he wouldn’t comment on the possibility of the authorities intervening in the market to weaken the yen. The dollar rose to ¥77.44 in early trading, from ¥77.21 late Monday in New York." http://online.wsj.com/article/SB10001424053111903520204576481112873662294.html?mod=WSJEUROPE_hpp_LEFTTopWhatNews

I don't follow the metrics, but some are saying the dollar is due for an historic spike.......

henry

Illinois is still living the Obama dream -- they sent me this today "The Refund Fund percentages in the current state budget provide too little money to pay any significant amount of business income tax refunds.

The department will pay business income tax refunds on a first-in, first-out basis, as funds become available. Few refunds will be paid. We will pay interest on unpaid refunds.

Business Income Tax refunds are not being offset to other taxes as the department feels it would undermine the direction of the General Assembly. Additionally, refunds cannot be applied to future filing period; however, the refund can be applied to any outstanding Business Tax assessments."

Of course they aren't actually paying any interest, they are merely accruing it.

Is this in business' future when the double dip cuts tax revenues and Obama doesn't want another debt limit hike?

Jane

Boy, I dunno about that, Jane. There's a lot of risk in pulling the hair plugs covering the real brain behind Obama. If the smartest member of the administration is removed, who would replace him? A coat rack? Lamp stand? Pet rock?

It makes no difference. Valerie Jarret and David Plouffe are running the world now. And they are doing a very bad job of it.

Besides project gunrunner is about to get very delightful I suspect.

Jane

Capn' I loved that Ulsterman rant. I so want to be a believer.

Melinda Romanoff

Just stop.

Any guess what the unwind of the yen carry trade might look like?

Janet

Great Goldberg link, Captain. Thanks.

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Wilson/Plame