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Thursday, September 18. 2008Thursday linksObama turns mean. Mocks McCain. Dem team cheers market turmoil. It's sick out there. Hillary supporter Trump endorses McCain. As does Bert Prelutsky, in an amusing manner. How the Dems blocked Bush's efforts to heal Fannie and Freddie in 2003. Congress today: We don't know what to do. Resisting climate orthodoxy. h/t, Englishman What a market panic looks like. I don't see Warren Buffet panicking. I see him shopping for deals. These rare times are the best for picking things up cheap. It's a good time to have some cash to put to work. A quote via Powerline:
Non-citizen voting? Is that Constitutional?
Darn right. Rent control drives out the middle class.
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These rare times are the best for picking things up cheap.
Yeah right, sucker. Buy it cheap today, and see it go even cheaper tomorrow .. and cheaper still next week ... and the week after that ... and before you know it you've lost 20, 30, 50% and there's no end in sight. Playing the stock market is like playing the ponies or the roulette wheel: the question isn't whether you'll lose, but how much and how fast. BS, ponies and roulette are a zero-sum game (less than zero when the house takes a cut). Stock in companies that produce (or through one's due diligence, one can reasonably expect to produce) viable products people need will hold value relative to inflation. To perpetuate panic with statements like this is, in my opinion, shameful. If you really feel this way you have no idea what wealth is or how it is created.
It is easy to mock and say what is wrong at times like these, but what would you propose as an alternative? The alternatives I see are 1) spend it like a drunk sailor - nice for the short term, long term pointless. 2) bury the cash in cans in your back yard - wiki "inflation" and get back to me 3) put it in the bank - slightly better than 2 but still a losing position, and the bank can only make money to pay you some interest if it loans that money out to people who know how to create wealth in the first place. 4) buy real estate - well, not a bad idea...now, but beyond the land you live on, what puropose is that unless you rent it to someone who wants to use that land to either live on (hence they must be involved in some productive enterprise) or for commercial purposes (see item 3). 5) commodities - these are either a) used by capitalist to create wealth or b) fall in the "greater fool" category. Behind it all lies a natural economic state known as capitalism. Sheesh, this is supposed to be a site for "capitalists"? Wuss. Ditto to wolfwalker. If someone told me last week that I would be the proud owner of an insurance company, two mortage companies , and an investment bank Merril Lynch.(Bank of America received 70 billion from the Fed for the preceived buy out) I woulda said your crazy, but here I sit today the owner of said companies, along with 300 million other Americans. Theres a small problem, something about maintenance fees, I think there kinda like condo fees they go up every year. I'm waiting for GM to go belly up, cause then I be driven a Cadilac, along with 300 million Americans. We're all rich, and we don't even know it !!!
Marianne Matthews, and her husband are well. No power , but doing OK. I get some good and some bad intel. Today from a reliable source came a rumor on an "October Surprise" by Obama. It goes like this.
On or about October 5th, Biden will excuse himself from the ticket, citing health problems, and he will be replaced by Hillary. This is timed to occur after the VP debate on 10/2. There have been talks all weekend about how to proceed with this info. Generally, the feeling is that we should all go ahead and get it out there to as many blog sites and personal email lists as is possible. I have already seen a few short blurbs about this - the "health problem" cited in those articles was an aneurysm. Probably many of you have heard the same rumblings. However, at this point, with this inside info from the DNC, it looks like this Obama strategy will be a go. Therefore, it seems that the best strategy is to get out in front of this Obama maneuver, spell it out in detail, and thereby expose it for the grand manipulation that it is. Watch for this to occur. Habu, I don't doubt the possibility of this for a second, but I'll tell you.... I got the creeps reading it. I felt such a visceral repulsion that I can't describe it other than to say - 'How stupid do you think I am?' I'm wondering if voters would see it that way and turn away in disgust or rally behind their god king and queen. Is there no saturation point for manipulation in this rotten race?
Yeah. I know I'm idealistic and naive. I'd also be surprised if Hilary would go for it after allowing it to become a quiet drumbeat that the Obama camp treated her badly. But then I'm naive as hell when it comes to the rotten-to-the-core. ` Your both wrong. My paid rat informants tell me Ted Kennedy will get the VP assingment, after all he did say that he would be there when they do the swearing in of Obama.
On or about October 5th, Biden will excuse himself from the ticket, citing health problems, and he will be replaced by Hillary. This is timed to occur after the VP debate on 10/2.
A technique perfected in New Jersey. Isn't it grand how the Democrats have no fear of pulling this off? People who should know better,are announcing the death of capitalism....it seems to be working as far as I can see...I'm buying.
Thud, I hope you're buying gold and silver, if you can find it !
Love that picture of McSorley's. Had my first legal drink there with my Dad in 1973. He and my uncle grew up on the Lower East Side and went there all the time from the mid-30's to the early-50's (before they both got married). The bartender recognized my Dad (at least 20 years had passed since they last saw each other). When my Dad tried to pay, the barkeep refused his money. It was the first time he ever got a beer on the house, even though he was a regular customer for years. They just didn't do free beers there. I've even taken both my sons there. Good memories.
Ah, McSurleys! I can taste the mustard and cheese platter.
Many was the time i would visit and stagger to the 6 Train. There is nothing in the federal constitution that requires citizenship for voting rights; such things are left up to the states. Voting rights for non-citizens is not a new idea; it's been quite a while since I've read about it, but IIRC, during Lincoln's political lifetime, voting rights for non-citizen immigrants (specifically Irish) was a hot-button issue for a while in Illinois.
On non-citizen voting...
I am pretty sure that parliamentary law provides that any organization has the right and duty to to define its electorate. So if the citizens of The City and County of San Franciso want to exten suffrage to any deadbeat that drifts into town, that is their right. And it is clear that they can afford it. I second juggler's motion. I saw the inside of McSorley's many times back in 69-71 as an MBA student at NYU. Thanks for the trip down memory lane.
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