Great Time to be Alive 8>o

Still think you're free?
A great nation in decline. Which is why we're headed to the crapper: We don't make stuff anymore. Money goes to speculation, not investment. That's the road to insane wealth now at the expense of the future, the road to decline and death. (Hint: The Republicans have no interest in stopping this, just enabling and encouraging it.)

Doomed! Because (again) Lies Rule!

Stupid, defined: If you rely on Fox News as a primary source of information (as opposed to watching pathologies going crazy), you’re stupid, or at least deeply ignorant. (Link.)

Doomed:

We should have realized that the modern Republican Party is utterly dedicated to the Reaganite slogan that government is always the problem, never the solution. And, therefore, we should have realized that party loyalists, confronted with facts that don’t fit the slogan, would adjust the facts.

Which brings me to the case of the collapsing crisis commission.

***

Instead, however, the commission has broken down along partisan lines, unable to agree on even the most basic points.

***

It’s a straightforward story, but a story that the Republican members of the commission don’t want told. Literally.

Last week, reports Shahien Nasiripour of The Huffington Post, all four Republicans on the commission voted to exclude the following terms from the report: “deregulation,” “shadow banking,” “interconnection,” and, yes, “Wall Street.”

When Democratic members refused to go along with this insistence that the story of Hamlet be told without the prince, the Republicans went ahead and issued their own report, which did, indeed, avoid using any of the banned terms.

That report is all of nine pages long, with few facts and hardly any numbers. Beyond that, it tells a story that has been widely and repeatedly debunked — without responding at all to the debunkers.

In the world according to the G.O.P. commissioners, it’s all the fault of government do-gooders, who used various levers — especially Fannie Mae and Freddie Mac, the government-sponsored loan-guarantee agencies — to promote loans to low-income borrowers. Wall Street — I mean, the private sector — erred only to the extent that it got suckered into going along with this government-created bubble.

It’s hard to overstate how wrongheaded all of this is. For one thing, as I’ve already noted, the housing bubble was international — and Fannie and Freddie weren’t guaranteeing mortgages in Latvia. Nor were they guaranteeing loans in commercial real estate, which also experienced a huge bubble.

Beyond that, the timing shows that private players weren’t suckered into a government-created bubble. It was the other way around. During the peak years of housing inflation, Fannie and Freddie were pushed to the sidelines; they only got into dubious lending late in the game, as they tried to regain market share. (Link.)

So, an example: Why should the fact that India tortures Kashmiri be kept secret? It per se is known to those to whom it matters e.g. Kashmiris. What’s the problem with the leaks, then? Embarassment? And other than embarassment? Nothing. And so it goes with just about every leak so far.

A free protest in New Dehli. The Indian culture is so fascist-friendly, they'll follow any order from anybody.... Lovely....

Dunno who’s worse — the self-promoting hypocrite or her media enablers. And don’t know that it matters who’s worse…. Is this a great country or what?

This punk suicide is a front page story? Says more about the mediocrity of the editors of the Times than anything…. Me, I’m underwhelmed by his problems, nothing newsworthy there. Only thing newsworthy is when his wealth gets taken away to give to the victims (if in fact there are any true victims).

Allegedly, the line at a BestBuy for the brand new Google NexusS. No matter whatever goodness the OS may have, it's being released in the worst possible way and a way to ensure it will usually suck. Google is handling Android even worse that Micro$oft does Windows. Which is pretty awful.
Clearly no War on Giftmas here. Yet. Loved the guy's stuff when I first saw it in the 60s and he still has his mojo.
To me this is funny. Now if I only truly believed in an afterlife other than reincarnation for correcting one's bad karma....

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