The weekend is almost here. Let’s hope the extreme weather doesn’t come back.
Are storms on the horizon? Any results from the Sesquicentennial in yet?
144 Thoughts to “Open Thread………………………………………..Friday, August 5”
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Blogroll
- 9500Liberty
- Bacons' Rebellion Blogspot
- Bearing Drift
- Blue Virginia
- Citizen Tom
- Counts of Monte Cristo. The
- Derecho, The
- Dixie Pig, The
- My Side of the Fence
- My Star Journey
- NARAL Pro-Choice VA Blog
- New Dominion Project
- Nova Common Sense
- NovaTownHall Blog
- One Libertarians's Point of View by Al Alborn
- Pete Candland's Blog
- Potomac Local
- Prince William Muckraker
- PW Conservation Alliance
- PWC Moms
- PWCPolitics.com
- PWCPolitics.com
- Red NoVA
- Shad Plank, The
- She the People
- State of NoVA, the
- The Jeffersoniad
- Townhall
- VEA Daily Reports
- VivianPaige
- WDGolden.com
- You, Me and the Lamp Post
Cut, Cap and Balance is Political Theater – there is nothing to it, other than they will think about doing something in the future.
Agreed, Pat. Total political theater, as the WaPo points out on the front page this morning.
@Slowpoke Rodriguez
Actually you are making a very sexist statement. Your logic tells me I should put up with nastiness from someone because of their gender or my gender. That isn’t going to happen. Strap whatever equipment you want on either of them and I would still feel contempt. Meanwhile, I won’t tolerate that kind of behavior out of a male either. Fortunately all the R males are laying low except Romney and Huntsman. I don’t feel either of them are contemptible bitches–yet.
Meanwhile, stand by for my spewing of hatred, as you put it, for males. Its bound to happen. Just out of curiosity, is that what you call it when I hear the vitriolic nastiness directed at the president by Bachmann and Palin? Spewing hatred? They sure do!
31 special forces troops killed after helicopter being shot down by Taliban in Afganistan.
@Moon-howler
I’m just saying, we listen to women spit venom at other women, and we think “so NOW is just a joke”
@Poke, it might not be wise to even think about gender. I sure wouldn’t think NOW is just a joke. Do men hold back their venom because someone has external genitalia? If they do, I sure have missed it.
Oh, it went a bit farther than that! These were supposedly the same Seal Team 6 guys that got bin Laden.
25 of the 31 were Seal Team 6.
@Slowpoke Rodriguez
What does this have to do with gender? Stop painting. You are already in a corner.
@Slowpoke Rodriguez
A life is a life.
@Punchak, I wish we would just get out of there. I see no goals. Why are we there now? Bin Ladin is dead.
I do not recall making any sort of distinction between the lives, simply stating what one news outlet was saying (and still other news outlets were giving different numbers, like 22 of the 31). You assume too much.
Get ready for Black Monday. Saudi markets off 5%, Israel off 7.5%.
@Slowpoke Rodriguez
Sorry, no offence intended. “Oh, it went father than that” gave me the wrong idea, I guess.
The thought of young lives lost in Afghanistan makes angry, helpless, god-awfu-I-don’t-know-what. Impotent to do anything about it.
I am saddened at the loss of Brothers in Arms….and royally ticked off at something that showed up in the news reports. “The military is looking into whether the helicopter is vunerable to being shot down.”
Doublespeak – the CH-47 Chinook has been in the fleet since 1962 and was a workhorse during Viet Nam War. Hey dummies in the Pentagon – check the history. For that matter, ask some of us older Veterans who went through basic training and were taught how to down a Soviet MI-8 (the basic equivalent to the Chinook) with our M-16.
No sweat. I bet we all agree on one thing…..we shouldn’t be there anymore.
I do think tomorrow will be interesting.
What are the odds that the specific helicopter carrying 20 members of Seal Team Six would be shot down?
Someone had knowledge of that helo’s passengers.
@Cargosquid
Agree! Someone leaked info. Scary.
I notice that in the open thread posting, Moon-Howler asks: any storms on the horizon? Well, Moon, funny that you ask! You see, Monday morning……
Is everyone proud of themselves?
@Moon-howler
Ummmm, I am. I haven’t done anything to NOT be proud of, lately.
Message for CATO:
I was reading these, thought that you might be able to comment on them. Tried to send them to you through email via Moon, but that didn’t work.
http://www.businessinsider.com/heres-the-problem-with-this-market-crash-2011-8
http://www.businessinsider.com/stock-market-forecast-2011-3
http://www.businessinsider.com/heres-the-problem-with-this-market-crash-2011-8
Oops, did one twice. Here’s the other one Cato.
http://www.businessinsider.com/the-crash-in-context-stocks-are-still-30-overvalued-2011-8
FDR’s Treasury Secretary Henry Morgenthau explaining to the House Ways and Means Committee that FDR’s New Deal was a failure.
Morgenthau wrote in 1939, “We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and now if I am wrong somebody else can have my job. I want to see this country prosper. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say after eight years of this administration, we have just as much unemployment as when we started. And enormous debt to boot.”
Hmmmm, this all sounds familiar………
I met a fairy today that said she would grant me one wish.
“I want to live forever,” I said.
“Sorry,” said the fairy “I’m not allowed to grant wishes like that!
“Fine,” I said, “then I want to die after Congress gets their heads out of their asses!”
“You crafty bastard,” said the fairy.
@Cargosquid
re getting comments to Cato–I don’t have his address now.
Cato has been busy putting some good analysis of the downgrade and the current market over on the Too Conservative blog. You should try to catch that. I try as best I can but I just don’t speak some of that strange lingo he uses.
I didn’t realize Cato was part of that blog. Where have *I* been????
@Cargosquid
First, a little shooting of the messenger. Henry Blodget is a disgraced former equities analyst who was forced to settle a securities fraud case to the tune of 2 million. I would view anything he writes through that lens. Second, we’ve seen some sporadic earnings slowdowns from companies that are levered to Asian growth, suggesting that the rate is slowing buy the jury is still out. U.S. macro data is starting to come in a little soft, and in some cases outright terrible. The scenario he outlines is one that I’ve been expecting, nut not quite so soon. It’s sort of like standing on the shore and watching a Tsunami form. It’s difficult for the observer to gauge how far out it is, or how much time he/she has to leave the beach, but you can catch a lot of rays before the wave hits if you play your cards right. Here’s a little more context – you can’t even call this a crash yet (crashes are by definition 15%) not can you call this a bear market (bear market = 20%), so I’m still looking for one more whoosh up before the party ends.
@Cato the Elder
Thank you. See…this is why I thought it would be a good idea to get your opinion.
S&P rates based on behaviour as well. Not just cut, cap and balance. As with everything in life, there’s just a bit more depth to most things – that seems to be beyond most people. Depth and thought are not just for the old. They’re available to all who are willing.
Seems to me that a lot o’ wealthy people’s income comes from the government in some tunneled fashion.
On Inauguration Day, Americans needed their president to tell them a story that made sense of what they had just been through, what caused it, and how it was going to end. They needed to hear that he understood what they were feeling, that he would track down those responsible for their pain and suffering, and that he would restore order and safety. What they were waiting for, in broad strokes, was a story something like this:
“I know you’re scared and angry. Many of you have lost your jobs, your homes, your hope. This was a disaster, but it was not a natural disaster. It was made by Wall Street gamblers who speculated with your lives and futures. It was made by conservative extremists who told us that if we just eliminated regulations and rewarded greed and recklessness, it would all work out. But it didn’t work out. And it didn’t work out 80 years ago, when the same people sold our grandparents the same bill of goods, with the same results. But we learned something from our grandparents about how to fix it, and we will draw on their wisdom. We will restore business confidence the old-fashioned way: by putting money back in the pockets of working Americans by putting them back to work, and by restoring integrity to our financial markets and demanding it of those who want to run them. I can’t promise that we won’t make mistakes along the way. But I can promise you that they will be honest mistakes, and that your government has your back again.”
A story isn’t a policy. But that simple narrative — and the policies that would naturally have flowed from it — would have inoculated against much of what was to come in the intervening two and a half years of failed government, idled factories and idled hands. That story would have made clear that the president understood that the American people had given Democrats the presidency and majorities in both houses of Congress to fix the mess the Republicans and Wall Street had made of the country, and that this would not be a power-sharing arrangement. It would have made clear that the problem wasn’t tax-and-spend liberalism or the deficit — a deficit that didn’t exist until George W. Bush gave nearly $2 trillion in tax breaks largely to the wealthiest Americans and squandered $1 trillion in two wars.
http://www.nytimes.com/2011/08/07/opinion/sunday/what-happened-to- obamas-passion.html?_r=1&scp=1&sq=obamas%20failed% 20presidency&st=Search
@Juturna
I would still like to flash the S & P the bird. But, I think you are saying that life is not a binary problem. The shenannigans right up to the 11th hour were ridiculous.
When *I* start feeling sorry for John Boehner, there’s a real problem. I really felt badly for him for a while.
It’s funny… all this time I thought this blog was “A Place for Civil Debate: not your typical ideologue blog”. Looks like I was wrong about that…. 🙁
Obama is going to talk at 1:00 today… this is going to be good. He has had all weekend to come up with a way to spin this, I can’t wait to see what he has come up with. 🙂
What you feel like doing vs what you actually do is typically learned in Kindergarten.
401K quickly turning to dust and SS and Medicare not far behind.
Aarghhhh!
No country for old men (or women).
http://www.politico.com/news/stories/0811/60849.html
The President will speak in an hour.
“Run For the Hills”? Or, alas, is it already to late for that?
I predict that he will blame the inability of Congress to compromise, that the hostile tone caused by the evil Tea Party is to blame. He will state that the Republicans were held hostage by extremists that prevent “compromise” and that, if only, we had “reasonable” people willing to stop “tax expenditures” and raise revenue on the rich, everything would be ok.
Nothing will be said about HIS intransigence and willingness to put campaigning over country. He was so bad that BOTH Reid and Boehner asked him to leave a WH meeting so that THEY could try and get something done.
I hope he announces that Bush (41) and Clinton join up to save America – they’ve helped other countries.
Is anyone watching Obama speak and the market reaction? He said “taxes and paying their fair share”, the market dove another 20 points. He said “investment in roads and infrastructure”…..another 20 points down. As soon as he stopped talking about economics, the carnage slowed down. Darn Tea Party!
It’s the BARACKALYPSE!
@Cargosquid
NOW, you have a crash (if these levels stick)
Anyone jumped out the window yet? We hit -600.
Y’all wanted the rich to suffer…..I’ll bet there are some rich suffering right now!
@Poke
Is that really what you thought? Jesus Christ. That is pathetic.
Well, the speech wasn’t too bad. He did hit the Democratic talking points about taxing the rich, but this time left the room without antagonizing anyone. Blamed Congress, but left out his stubborn resistance. As usual, is trying to appear “above it all.
I’m sure that the falling market while he delivered Democratic talking points is just coincidence.
All in all, one of his better speeches. Then again, it was very short. Wonder why he was so late?
@SlowpokeRodriguez
Wow. Haven’t been watching the drop.
According to Drudge, the market took a nosedive while Obama was giving a speech. Truly extraordinary leadership …..
@Moon-howler
To whom are you speaking?
@Moon-howler
Sorry…missed the @ Poke in my question.
It wasn’t there. If I respond from the dashboard it isn’t directing the answer. I went back and edited.
@Cato the Elder
So, this should be considered a buying opportunity, right?