We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
..foreigners have gone from owning $1.3 trillion (of US debt) at the beginning of the decade to now owning $3.3 trillion of such securities — a $2 trillion increase. More important and interesting than that, of the $2.8 trillion in net new issuances of Treasury securities during this decade, foreigners have bought $2.0 of the $2.8 trillion, a stunning 71%. (China alone appears to have bought over one third of the total of foreign purchases.) Who will purchase the debt to fund the upcoming $10 trillion in deficits is anyone’s guess, as the bond market seems to have figured out.
Put it another way. The US government is grossly negligent in creating the conditions that necessitate America’s importing up to 70% of its oil, making the country dependent on countries that are strategic adversaries. Now we also import 70% of the financing of the US government’s budget deficits, again making America dependent on potential adversaries or enemies. This can’t end well. Where are the serious men to address these strategic vulnerabilities?
Epiphanies are a dime a dozen among congressional Democrats as they discover urgent new reasons to experience the almost erotic pleasure of commandeering other people's money. For example, freshman Rep. Alan Grayson, a Florida Democrat whose district includes Disney World, was recently there and was inspired.
The world, he realized, would be a sweeter place if Congress mandated that all companies with 100 or more employees provide a week of paid vacation to those who work at least 25 hours a week. After three years, they would be entitled to two weeks, and companies with more than 50 employees would have to start providing a paid vacation week. Grayson would not mandate that paid vacations be spent at Disney World. With the welfare state approaching insolvency and businesses sagging, this is an odd time to augment Americans' entitlement mentality. But the travel and tourism industries think that Grayson's idea is neat.
The White House press corps is now completely supine, utterly shameless in its groveling cowardice. Stalin himself couldn't have wished for a more slobbering press corps. Rather than mailing them nice little Lipton tea bags, millions of sane Americans might consider sending air sickness bags to our Reigning Media.
But not, thank haven, across the broad Atlantic. There free speech and even laughter are still alive, among the well-lubricated scribblers of Fleet Street. The journos of Britain show little respect for American Presidents regardless of race, creed or color. They laugh hysterically at all of them. Not that it takes much imagination.
The Telegraph has done the awesome, and called Michelle's wardrobe "frumpy."
By the way ... Why is it so hard for Democrats to do research before they mouth off? If approved, Sotomayor won't be the first Hispanic Supreme Court justice. That honor goes to Justice Cardozo, who served from 1931 to 1938.
Oh well. Never let the facts get in the way of a good 'con.'
Just a little note on the future of US automaking:
Ford will pay. Oh yes, they'll pay heavily. Already their main parts supplier is going under. How many other pillars that support Ford need to go away? You'll have your answer by Christmas. (if you need to ask "for what?" you've already missed the point)
OT but read today that criticism of TARP will be considered lobbying, and subject to regulation. Plus: No more Live Free or Die festival, what ever that is. Heck, the largest fireworks display west of the Mississippi is cancelled. The iron fist in the velvet glove method seems to be working just fine.
Oh, where was I, oh yes, just going to comment that we should be more civil and not so loud and angry. I am really liking this new mindset...
Been practicing this line:
"Please, Sir, may I have some more?"
And I kind of like the look of a grey burlap jumpsuit.
And for those of you who have no tattoos or piercings: when they put the chip in, it'll hurt for a few seconds until your endorphines kick in and WHOOSH it's at least 15 minutes of the best natural high out there. Seriously, turn down the local if you want the last free ride of your life.