The Stab In The Back, 2008 Style
devoted to the pursuit of all things of interest to former Douglas Aircraft workers and anything else that looks remotely interesting. I do not wish to think, or speak, or write, with moderation. . . . I am in earnest -- I will not equivocate -- I will not excuse -- I will not retreat a single inch -- AND I WILL BE HEARD-William Lloyd Garrison
The Associated Press informs us this day that Ashley Todd, a McCain volunteer from Texas reported to police in Pittsburgh that she was attacked, robbed and beaten by a black man who proceeded to whup her like Knee-grows do and carve a B in her face telling her that she was gonna be Barack's bitch or something like that.
Someone a lot smarter than me once said that clothes make the man-or, it seems, the First Woman In Waiting wannabe.
If everything that's been published on FOXNews is to be believed, the fact that the idiot pictured at left has the bad taste to wear this teeshirt, and others who've bought it showed up at Obama rallies ought to offset the offensive and dangerous tone of recent Palin and McCain rallies and the use of Obama's middle name by speakers sent out to warm up the crowd, redolent with arch suggestions of vast, Illuminati style conspiracies of negroes and Arabs.
A nice lady posted this not so nice sign in her yard and has earned her 15 minutes of fame on the nightly news here in Duh Moines earning her the ire of the local homeowner's association that has asked that she take it down.
"I wanted to do something to spur people's conversation at the dinner table between each other, neighbor to neighbor to get people's attention."
On Tuesday, ******, a wife, mother and former marketing major, used her home computer to craft a bash on Obama's abortion stance: a sign calling Obama a "baby killer."
"Got on my PowerPoint and pulled off some art," she said.
Nobody's going to sit around the dinner table and say "Honey, please pass the three bean salad. Gee, we're really doing great with the 401k, aren't we? Obama's really a baby killer, isn't he, just like all the rest of those pesky Knee-Grows?"
They're far more likely to be sitting around the dinner table after the kids have been tucked in, saying to each other "Where in the hell are we going to get the dough to make the mortgage payment, the gas and electric, and send something on the Mastercard? Who can we stiff for another month? Do we really need to put $5 in the collection plate this Sunday?"
To paraphrase Francis P. Church,
Yes, Michelle, there really is an economic crisis. It's far more important than some story made up to scare the dickens out of some people and to offend others with the sort of tripe that your standard bearers are dispensing like toxic turds along the campaign trail.
Whirlpool is laying off 440 employees over in Amana next week. The stock market has shed 35 per cent of its value with no bottom in sight. This week the stock market set a record for values shed and number of shares dumped, all in one week, the like of which we haven't seen since 1929. And this morning as I write, the market's down another couple hundred points.
Banks aren't lending money because they can't get any. Business is starting to feel the pinch.
Mortgage foreclosures and forced evictions are on the rise all across the country. The Des Moines Register carries three or four pages of foreclosure notices nearly every day.
The Polk County Sheriff has scheduled no less than 113 foreclosure auctions of homes in the next month.
Some of these foreclosures and evictions have taken place right in your own neighborhood. Do you recognize the names Yousufani, Acherman, Hoang, Schira, Belanger, Millard, Larson, Brodeur, Cahill, Christensen, Hyland, Warner and Bunda? That's right, those are people who used to be your neighbors right there in Ankeny until they lost their homes in the last few months and were evicted.
But don't you worry about a thing. We may all live in dumpsters and eat out of garbage cans for the next forty years, but we'll be damn sure that Obama doesn't kill any babies in our town.
Back in July, Phil Gramm gave an interview with the Washington Times in which he opined that...well, I'll let him speak for himself:
"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."
"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.
"We've never been more dominant; we've never had more natural advantages than we have today," he said. "We have benefited greatly" from the globalization of the economy in the last 30 years.
Mr. Gramm said the constant drubbing of the media on the economy's problems is one reason people have lost confidence. Various surveys show that consumer confidence has fallen precipitously this year to the lowest levels in two to three decades, with most analysts attributing that to record high gasoline prices over $4 a gallon and big drops in the value of homes, which are consumers' biggest assets.
"Misery sells newspapers," Mr. Gramm said. "Thank God the economy is not as bad as you read in the newspaper every day."
I've got news for you Phil. It's not as bad as you read in the newspapers-it's worse.
To give credit where it's due, John McCain did try and distance himself from Gramm in theruckus that followed.
So where's Phil Gramm now?
And how's UBS doing since July? Well, they're probably a company of whiners.
UBS is cutting 2,000 jobs, they've lost $42 billion on toxic loans, they're restructuring themselves and their share price has declined about 25 per cent since June.
For the historically minded, Gramm may well be the single key man who caused us all to become such a bunch of whingers. After all, he slipped the Commodity Futures Modernization Act into an omnubus spending bill, and this statute prohibited the regulation of credit default swaps.
Here's what Harold Meyerson of the Washington Post says:
"As chairman of the Senate Banking Committee during the Clinton administration, (Gramm) consistently underfunded the Securities and Exchange Commission and kept it from stopping accounting firms from auditing corporations with which they had conflicts of interest.
Gramm's piece de resistance came on Dec. 15, 2000, when he slipped into an omnibus spending bill a provision called the Commodity Futures Modernization Act (CFMA), which prohibited any governmental regulation of credit default swaps, those insurance policies covering losses on securities in the event they went belly up. As the housing bubble ballooned, the face value of those swaps rose to a tidy $62 trillion.
And as the housing bubble burst, those swaps became a massive pile of worthless paper, because no government agency had required the banks to set aside money to back them up.
The CFMA also prohibited government regulation of the energy-trading market, which enabled Enron to nearly bankrupt the state of California before bankrupting itself."
We're reliably informed that Senator McCain has decided on a plan of relief for people who are upside down on their mortgages.
We're reliably informed that the tenor of carefully scripted Sarah Palin tubthumpers is taking on something of a nasty turn, with the audience responding to the Gauleiter's intemperate remarks with the usual hoots and catcalls, shouts of "Treason!" and in one memorable instance, "Kill him!".