Liberalscum Buster

November 14, 2008

HOW THE US GOVERNMENT CAUSED PROBLEMS IN THE CAPITAL AND MONEY MARKETS

Filed under: BARACK OBAMA, Bush, ECONOMY, hillary clinton, John McCain, life, news, politics — gasdocpol @ 6:18 pm

THE LENDER SHOULD KNOW THE BORROWER. THE LENDER SHOULD DETERMINE IF A PROSPECTIVE BORROWER WILL BE ABLE TO PAY BACK THE LOAN. (EVERYONE WITH ME SO FAR?)

Risk is involved. The lender is entitled to charge interest in proportion to that risk. Some of those loans will default. If the lender has done his job properly, he (she) will have the principle repaid with interest. If the lender has been astute, relatively few loans will default and he has set the interst rate optimally, he will make a fine profit.

Now that lender is in competition with other lenders. Whichever lender has more skillfully lent money, that lender would be rewarded proportionally. CAPITALISM AND FREE ENTERPRISE AT ITS FINEST!

In 1938, Fannie Mae (FNMA) was established to create a secondary market for mortgages so that banks could sell those morgages to other financial institutions.

The good news was the risk could be spread around. The bad news is that the lender would no longer know the borrower.

Bankers are no different from a barber who is aked “Do I need a haircut?”. If banks can lend money for a mortgage and then sell that mortgage to some other financial institution, that bank can start “selling pigs in a poke” and no longer is kept from making bad loans.

Therefore goverment oversight became necessary to compensate for the effect of the creation of that secondary market.

Under banners of :”The government is the problem”, “Let the market work”, “Get the government off our backs” , “Free Enterpise”, etc, lobbyists descended upon Congress. Most Congressmen and Senators are not PhDs in economics and some of those who are, like Phil Gramm have their own agenda.

If banks that set up mortgages had to assume the risk of that morgage, goverment oversight would not have been necessary.

Imagine if you could lend money to people around town collecting I.O.U.s and then then split them up, rebundling them and selling them to others who in turn would resell them, you would be less concientious of risk assessment.

Does any of this make sense?

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What Doesn’t Kill The Far-Right Only Makes Them Crazier

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, war — Tags: , — gasdocpol @ 4:54 pm

For the last eight years, we’ve observed Karl Rove’s non-reality based universe in which logic was entirely abandoned in lieu of whatever reality the administration invented in order to serve its ridiculous policies and to mask its glaring nincompoopery. Intellectually dishonest at best — destructive and criminal at worst.

This didn’t end on Election Day.

Since their thumpin’ last week, the far-right has pushed the crazy to eleven and snapped the knob clean off — an opening salvo of twisted hackery portending an insane four-to-eight years of attacks on the Obama administration. If the last seven days have been any indication, the far-right is shaping up to make the 1990s seem quaint — even erudite by comparison. That which used to be your basic, off-the-shelf intellectual dishonesty has grown into, as Digby pointed out recently, full-on intellectual violence.

Intellectual violence. While not a new term, it perfectly defines what we’re seeing now: accusations and smears that so severely confound logic they literally attack — violate — reality and the human intellect. It’s like a berzerker dervish of argumentative elbows and fists indiscriminately flailing around, thwacking anything in its orbit, so much so that constructing a counterpoint is literally painful, “Why the hell am I trying to debunk this?! Ow! My head. Aw hell, I need a drink.”

The “Impeach Obama” Facebook groups, for example. No, I’m not making that up. They’re real and there’s a constant variety of disgruntled far-right Republicans joining up every day. And, to our total lack of surprise, they’re not ashamed in the slightest to post comments like this one:

“Damn dems stole the election like they always do. GOD wanted McCain and Palin in the White House. That’s why it’s called THE WHITE HOUSE.”
Apart from being a racist, this “Impeach Obama” Facebook member is clearly the most awesome pollster in the world if he was able to sample God. I tried to submit a friend request just so I could ask him if he perchance enlisted a room of undecided cherubim for a Frank Luntz dial group.

Shortly after discovering this, I was talking with a colleague and found myself instinctively trying to form a rational argument about why the Facebook members were wrong. It began with the obvious: “He’s not even the president yet!” And then, after I segued into Article II and the constitutional grounds for impeachment, I stopped myself. What in name of Randall P. MacMurphy am I doing? Arguing against this crap is like explaining to a meth tweaker that the shadow people aren’t real. That’s when I decided that it’d be more fun to just infiltrate one of the groups and post comments like, “The moon landing was staged!” and, “Obama is a bionic — just like his half-aunt! I have proof!”

Then on Monday, Michelle Malkin posted an item in which she referred to the president-elect as the “overlord-elect.” And on Tuesday, Congressman Paul Broun told the AP, “You have to remember that Adolf Hitler was elected in a democratic Germany. I’m not comparing him to Adolf Hitler. What I’m saying is there is the potential.” Uh-huh. On the scale of probability, “Obama is a fascist dictator” is about as likely as “Broun is a Jedi Master.” But it doesn’t matter. Reality is irrelevant.

The obvious intention here is to cobble together an abuse of power meme against President-elect Obama, despite President Bush and Vice President Cheney having, you know, spent the last eight years consolidating executive power, authorizing torture, suspending habeas corpus, illegally invading sovereign nations, ignoring congressional subpoenas and eavesdropping on American citizens.

Whoops. There I go again, talking about facts and treating the crazy like it’s real.

But clearly the most egregious post-election trespass came to us from John Hinderaker of Powerline. Some back story: following the president-elect’s lighthearted Nancy Reagan séance remark, Michelle Malkin referred to Obama as a “classless jerk” (unlike President George W. “Those Weapons Have to Be Around Here Somewhere” Bush, of course). And she treated the séance comment as if it were part of an on-going pattern of ridiculous Obama gaffes and bloopers.

Picking up on Malkin’s lead, Hinderaker wrote this week:

Bush never gets sloppy when he is speaking publicly. He chooses his words with care and precision, which is why his style sometimes seems halting. In the eight years he has been President, it is remarkable how few gaffes or verbal blunders he has committed. If Obama doesn’t raise his standards, he will exceed Bush’s total before he is inaugurated.
No, seriously. I didn’t make that up. A popular member of the far-right intertubes actually wrote that. On a public website. That people go to and read. Every day.

Come on now. Fess up, Hinderaker, you can’t seriously believe all that. I mean, I didn’t think it was possible, but you succeeded in making Malkin’s “classless jerk” remarks appear respectable — even reasonable — by comparison. Fact: not only is the president-elect one of the finest orators in modern political history, but he far exceeds President Bush in terms of intellectualism and verbal discipline. In other words, a Bush gaffe reveals an inherent lack of intellectual curiosity and a general ineptitude when it comes to, well, talking. An Obama gaffe is an isolated incident, exclusive of his ability to speak, think and reason. Nothing more.

I can’t believe I even have to write that down. But that’s precisely what makes these arguments so violent. They literally crush logical reality, making it almost impossible to ignore.

In a perfect world, we probably shouldn’t react or to take these things too seriously, and yet we’d be making a huge mistake to ignore them altogether — or to underestimate their efficacy. After all, there’s Drudge who somehow remains a bridge between the far-right’s intellectual violence and the establishment press. As we’ve learned throughout the last ten years, it only takes some persistent badgering and a series of red “SHOCK!” headlines for the crazy to travel by osmosis into the mainstream.

So we’re in for many more years of insanity from the far-right. They’re not dead. They’re not as irrelevant as they deserve to be. And they certainly don’t suffer from writer’s block when it comes to outlandish and illogical attacks and smears.

Put it this way, if President-elect Obama so much as takes a long weekend off this August, you can bet that the far-right will crap their cages about Obama being lazy and shiftless.

Bob Cesca Huffington Post 11/12/08

November 12, 2008

ARE WE DOING THIS BAILOUT ALL WRONG ?

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, Uncategorized, war — gasdocpol @ 7:37 pm

Finance, along with production and sales is a necessary function of business but it has taken on a life of its own. Too many of our best and brightest are engaged in pushing money around and producing nothing directly and little indirectly. The present state of our economy is the result. If the capital and money markets need support, then it should be they and not Lehman Brothers, AIG et al. We need to scale back on financial institutions to the point where they serve to provide capital for business and not be an end in themselves and a means of making money without producing anything.

The government should invest in building windmill blades and solar panels and electrical grids for ourselves and for export.

November 10, 2008

Sarah Palin blamed by the US Secret Service over death threats against Barack Obama

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, war — gasdocpol @ 11:56 am

Sarah Palin’s attacks on Barack Obama’s patriotism provoked a spike in death threats against the future president, Secret Service agents revealed during the final weeks of the campaign.

By Tim Shipman in Washington
Last Updated: 8:38AM GMT 10 Nov 2008
HuffingtonPost

The Republican vice presidential candidate attracted criticism for accusing Mr Obama of “palling around with terrorists”, citing his association with the sixties radical William Ayers.

The attacks provoked a near lynch mob atmosphere at her rallies, with supporters yelling “terrorist” and “kill him” until the McCain campaign ordered her to tone down the rhetoric.

But it has now emerged that her demagogic tone may have unintentionally encouraged white supremacists to go even further. (HMMM ARE’NTWHITE SUPEMACISTS TERRORISTS?)

The Secret Service warned the Obama family in mid October that they had seen a dramatic increase in the number of threats against the Democratic candidate, coinciding with Mrs Palin’s attacks.

Michelle Obama, the future First Lady, was so upset that she turned to her friend and campaign adviser Valerie Jarrett and said: “Why would they try to make people hate us?”

The revelations, contained in a Newsweek history of the campaign, are likely to further damage Mrs Palin’s credentials as a future presidential candidate. She is already a frontrunner, with Louisiana Governor Bobby Jindal, to take on Mr Obama in four years time.

Details of the spike in threats to Mr Obama come as a report last week by security and intelligence analysts Stratfor, warned that he is a high risk target for racist gunmen. It concluded: “Two plots to assassinate Obama were broken up during the campaign season, and several more remain under investigation. We would expect federal authorities to uncover many more plots to attack the president that have been hatched by white supremacist ideologues.”

Irate John McCain aides, who blame Mrs Palin for losing the election, claim Mrs Palin took it upon herself to question Mr Obama’s patriotism, before the line of attack had been cleared by Mr McCain.

That claim is part of a campaign of targeted leaks designed to torpedo her ambitions, with claims that she did not know that Africawas a continent rather than a country.

The advisers have branded her a “diva” and a “whack job” and claimed that she did not know which other countries are in the North American Free Trade Area, (Canada and Mexico). They say she spent more than $150,000 on designer clothes, including $40,000 on her husband Todd and that she refused to prepare for the disastrous series of interviews with CBS’s Katie Couric.

In a bid to salvage her reputation Mrs Palin came out firing in an interview with CNN, dismissing the anonymous leakers in unpresidential language as “jerks” who had taken “questions or comments I made in debate prep out of context.”

She said: “I consider it cowardly. It’s not true. That’s cruel, it’s mean-spirited, it’s immature, it’s unprofessional and those guys are jerks if they came away taking things out of context and then tried to spread something on national news that’s not fair and not right.”

She was not asked about her incendiary rhetoric against Mr Obama. But she did deny the spending spree claims, saying the clothes in question had been returned to the Republican National Committee. “Those are the RNC’s clothes, they’re not my clothes. I asked for anything more than maybe a diet Dr Pepper once in a while. These are false allegations.”

Speaking as she returned to her native Alaska, Mrs Palin claimed to be baffled by what she claims was sexism on the national stage. “Here in Alaska that double standard isn’t applied because these guys know that Alaskan women are pretty tough, on a par with the men in terms of being outdoors, working hard,” she said.

“They’re commercial fishermen, they’re pilots, they’re working up on the North slopein the oil fields. You see equality in Alaska. I think that was a bit of as surprise on the national level.”

November 9, 2008

Arianna Huffington: Sunday Roundup In the wake of Obama’s overwhelming victory,

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, war — gasdocpol @ 10:45 am

and Democratic gains in the House and Senate, conservatives are desperately trying to convince the world that these results are meaningless. “Democrats should not make the mistake of viewing Tuesday’s results as a repudiation of conservatism,” insisted John Boehner. “Barack Obama understands this is a center-right country,” claimed Karl Rove. “This country remains every bit as center-right as it has for a generation,” parroted Brent Bozell. And David Brooks dreamed of an Obama administration that understands “this was an election where the middle asserted itself.” Drunk on self-delusion, a staggering GOP whistles past the electoral graveyard, missing the whole point of this election: the center has shifted, and positions that used to be considered left-wing — on healthcare, on global warming, on corporate responsibility, on Iraq — are now solidly mainstream.

In the wake of Obama’s overwhelming victory, and Democratic gains in the House and Senate, conservatives are desperately trying to convince the world that these results are meaningless. “Democrats should not make the mistake of viewing Tuesday’s results as a repudiation of conservatism,” insisted John Boehner. “Barack Obama understands this is a center-right country,” claimed Karl Rove. “This country remains every bit as center-right as it has for a generation,” parroted Brent Bozell. And David Brooks dreamed of an Obama administration that understands “this was an election where the middle asserted itself.” Drunk on self-delusion, a staggering GOP whistles past the electoral graveyard, missing the whole point of this election: the center has shifted, and positions that used to be considered “left-wing” — on healthcare, on global warming, on corporate responsibility, on Iraq — are now solidly mainstream.

November 5, 2008

I WILL HAVE EGG ON MY FACE IF OBAMA TURNS OUT TO BE BAD

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, war — gasdocpol @ 11:16 am

I have given money , volunteered and campaigned online. If he turns out to be a dud or turns over the USA to Al Qaeda or Black Liberation Theology I will have screwed up big time.

Obama is smart and cool.

November 3, 2008

THE AVERAGE VIETNAM AIR FORCE PILOT HAD 100 COMBAT MISSIONS

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, war — gasdocpol @ 10:01 pm

MANY NAVY PILOTS HAD OVER 300 COMBAT MISSIONS. McCAIN HAD 23.

John McCain spent a grand total of 20 hours in a plane over Vietnam. He has spent many times more than that at craps tables in casinos blowing on the dice and losing thousands.

John McCain was offered early release from the Hanoi Hilton

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, war — gasdocpol @ 9:56 pm

In the company of his fellow POWs, and later in isolation, McCain slowly and miserably recovered from his wounds. In June 1968, after three months in solitary, he was offered what he calls early release. In the official McCain narrative, this was the ultimate test of mettle. He could have come home, but keeping faith with his fellow POWs, he chose to remain imprisoned in Hanoi.

What McCain glosses over is that accepting early release would have required him to make disloyal statements that would have violated the military’s Code of Conduct. If he had done so, he could have risked court-martial and an ignominious end to his military career. “Many of us were given this offer,” according to Butler, McCain’s classmate who was also taken prisoner. “It meant speaking out against your country and lying about your treatment to the press. You had to ‘admit’ that the U.S. was criminal and that our treatment was ‘lenient and humane.’ So I, like numerous others, refused the offer.”

“He makes it sound like it was a great thing to have accomplished,” says Dramesi. “A great act of discipline or strength. That simply was not the case.” In fairness, it is difficult to judge McCain’s experience as a POW; THROUGHOUT MOST OF HIS INCARCERATION McCAIN WAS THE ONLY WITNESS TO HIS MISTREATMENT. Parts of his memoir recounting his days in Hanoi read like a bad Ian Fleming novel, with his Vietnamese captors cast as nefarious Bond villains. On the Fourth of July 1968, when he rejected the offer of early release, an officer nicknamed “Cat” got so mad, according to McCain, that he snapped a pen he was holding, splattering ink across the room.

“They taught you too well, Mac Kane,” Cat snarled, kicking over a chair. “They taught you too well.”

The brutal interrogations that followed produced results. In August 1968, over the course of four days, McCain was tortured into signing a confession that he was a “black criminal” and an “air pirate.” “

“John allows the media to make him out to be the hero POW, which he knows is absolutely not true, to further his political goals,” says Butler. “John was just one of about 600 guys. He was nothing unusual. He was just another POW.”

McCain has also allowed the media to believe that his torture lasted for the entire time he was in Hanoi. At the Republican convention, Fred Thompson said of McCain’s torture, “For five and a half years this went on.” In fact, McCain’s torture ended after two years, when the death of Ho Chi Minh in September 1969 caused the Vietnamese to change the way they treated POWs. “They decided it would be better to treat us better and keep us alive so they could trade us in for real estate,” Butler recalls.

By that point, McCain had become the most valuable prisoner of all: His father was now directing the war effort as commander in chief of all U.S. forces in the Pacific. McCain spent the next three and a half years in Hanoi biding his time, trying to put on weight and regain his strength, as the bombing ordered by his father escalated. By the time he and other POWs were freed in March 1973 as a result of the Paris Peace Accords, McCain was able to leave the prison camp in Hanoi on his own feet.

Even those in the military who celebrate McCain’s patriotism and sacrifice question why his POW experience has been elevated as his top qualification to be commander in chief. “It took guts to go through that and to come out reasonably intact and able to pick up the pieces of your life and move on,” says Wilkerson, Colin Powell’s former chief of staff, who has known McCain since the 1980s. “It is unquestionably a demonstration of the character of the man. But I don’t think that it is a special qualification for being president of the United States. In some respects, I’m not sure that’s the kind of character I want sitting in the Oval Office. I’m not sure that much time in a prisoner-of-war status doesn’t do something to you. Doesn’t do something to you psychologically, doesn’t do something to you that might make you a little more volatile, a little less apt to listen to reason, a little more inclined to be volcanic in your temperament.”

THE CONFESSION” BY TIM DICKENSON IN ROLLING STONE MAGAZINE

JOHN McCAIN HAS 70 YEAR HISTORY OF EMOTIONAL INSTABILITY

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, war — gasdocpol @ 6:01 pm

HE SANG LIKE A CANARY AS A POW, ENABLED CHARLES KEATING TO DEFRAUD 20,000 DEPOSTIORS IN LINCOLN SAVINGS BANK AND COST TAXPAYERS 2 BILLION.

HE IS AN INTELLECTUALLY LAZY, SUPERSTITIOUS COMPULSIVE GAMBLER WITH AN ANGER MANAGEMENT PROBLEM.

DISAGREE WITH ANY OF THIS? GO AHEAD. MAKE MY DAY!

McCAIN LEANED ON BANKING REGULATORS PERMITTING CHARLES KEATING TO DISAPPEAR THE LIFE SAVINGS OF OVER 20,000 ELDERLY DEPOSITORS AT LINCOLN SAVINGS BANK

Filed under: BARACK OBAMA, Bush, hillary clinton, John McCain, life, mideast, news, politics, war — gasdocpol @ 5:44 pm

SO THAT KEATING COULD GIVE McCAIN OVER $115,000 AND FLY JOHN, CINDY, THE KIDS AND BABYSITTER TO KEATINGS VACATION HOME IN THE BAHAMAS NINE TIMES.

McCain was not 8 years old and thousands of miles away when keating was ruining the lives of over 20,000 depositors . John McCain was DIRECTLY involved running interference for Keating through Federal Banking Regulators.

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