Archive for the 'Rant' Category

Where’s The Outrage?

Lehman Brothers Last night I was up much later than I should be watching the news about the financial crisis that has been unfolding. And to be honest it made it hard for me to go to sleep.

I do not work for a financial services company, nor do I have a significant investment portfolio as far as financial holdings go. But I could not stop running scenarios through my mind how my quality of life (and that of my daughter when she is older) is going to be worse off than previous generations.

To be blunt, we are in for a WORLD of hurt - possibly rivaling that of the Great Depression.

I found myself wondering, “Where’s the outrage?” I tuned into CNN today and they were covering OJ’s new trial live. Here we are in the midst of a very important presidential election, the economy is in shambles, we have no energy policy, we are in an open-ended war. And despite all that CNN figured it was in our best interests to follow OJ’s latest courtroom saga.

So where’s the outrage? Where are people DEMANDING change?

It’s to the point where it is just another short-lived news headline anytime a major institution fails. You know, like Enron or Arthur Andersen.

But this is not just another news item. It’s not every day a 150-year old institution fails. That is something that definitely does not happen every day.

So how bad is it? It is bad enough that the venerable Lehman Brothers filed for chapter 11.

Lehman Brothers is one of the oldest, perhaps one of the most respected securities firms out there. It was founded in 1850 and not only survived the Civil War, but they were instrumental in financing the reconstruction in the south, particularly Alabama.

Lehman also weathered the Great Depression, primarily by focusing on venture capital.

So let me repeat that - Lehman Brothers survived both the Civil War AND the Great Depression, but could not survive the Bush years.

Bear Stearns, Countrywide, Fannie Mae, Freddie Mac, Merrill Lynch etc. The list goes on and on. Some of the largest financial institutions in the nation dead or close to. Or being bought for pennies on the dollar.

And all of this is a result of republican policy - or lack there of.

In republican circles, laissez-faire is the only way they know. Their ardent adherence to the ideology of Milton Friedman, that government regulation of any kind is evil, or better yet, corrupt.

From Wikiquote:

Corruption is government intrusion into market efficiencies in the form of regulations.

Now how does this tie into the current events?

Well, it just so happens that John McCain’s economic adviser, Phil Gramm, was the author of a bill in 2000 that deregulated what is known as credit default swap.

A credit default swap is a very complicated financial instrument that basically allows financial institutions to “insure” their debt using other institutions.

The undervaluation of credit risk and the lack of regulation caused speculation (and greed) to run rampant, and ultimately as institutions failed, it had a cascading effect through the financial system.

And this thing is far from done. We have AIG and Washington Mutual in precarious positions as well.

So this brings me back to the point again - WHERE IS THE OUTRAGE? These businesses are not simply folding. They are imploding, bringing the larger economy down with them. Republicans who always come out against “handouts” are first in line for the bailouts. Jobs are being lost. And yet there is no outrage.

There is that old saying, “If a tree falls in a forest and no one is around to hear it, does it make a sound?”

But what if we have a FOREST falling down and MILLIONS of people around to hear it, but no one is making any sounds?

Something is very wrong.

–Jon

Red States, Ignorance, And Why We Should Let Them Secede

zomg spam It’s a Tuesday morning, the weather sucks, the economy sucks, the country is in a mess and I saw the latest poll numbers - according to Gallup McCain is crushing Obama’s support among independents now. Needless to say it has gotten my blood pressure up this morning. If you are expecting this to be a civil post, might as well stop reading as I am pissed today.

So yeah where to start. I simply do not get it. I am not sure how anyone can support someone who has supported Bush an average of 90% of the time since January 2001. My thought is that if you support Senator McCain at this point you fit in one of three categories:

One, you are ignorant and have poor judgment and should not be allowed to vote. You think everything is going ‘ok’ and buy into this bullshit war on terror as a crusade versus evil that is actually winnable (clue: it’s not you can’t beat ideology.)

Two, you are racist and refuse to support our nation’s first major-party African American candidate.

Or three, you are in that income bracket that makes a living by fucking everyone else over and want more of the same.

Now I am not going to go into a long spiel over why McCain is bad because if you support him you don’t care or don’t believe, and if you don’t support him you already know.

But this brings me to the next point - and I don’t really give a shit how controversial this may sound, but in layman’s terms fuck the south. There I said it. Fuck your ignorant, flat-earth, close-minded, racist, bigoted ways.

Your red-voting states are a drain on this country. For all your bitching about taxes, us so-called “immoral liberal” states SUPPORT YOU. If not for us, you would have to either pay more in taxes or do without infrastructure you depend on because fact is, your states do not have the GDP to support it!

According to The Tax Foundation report, 23 out of the top 25 states in federal dollars received versus paid are states that supported Bush in 2004. The same Bush that is leaving the next president with the largest deficit in history.

As counter-intuitive as it is with our fiscal situation the way it is, if McCain is elected I hope he cuts the shit out of taxes. Know why? Because it will hurt you FUCKING IDIOTS in the red states that supported him a lot more than those of us that did not. Here in NJ we get the raw deal - every year since 1981 we have ranked as either 49th or 50th (and 48th once in 1993) in federal tax dollars spent on our state, while we contribute more per capita than any other state. So yeah, tax cuts won’t hurt us - we already don’t benefit from it here. But Alaska (yeah Palin’s Alaska) will have to beg for more windfalls from their big oil friends. You know, the same windfalls that are an evil democratic idea. And Mississippi? Next time there is a hurricane don’t think you are getting jack shit either. The list goes on and on. You hate welfare? Then start your crusade against it by paying for your own fucking shit!

I am from a blue state, I am progressive, I support Barack Obama and all progressives for office, and I do NOT want to support you ignorant fucks in the so-called “red states” anymore. No way will my daughter inherit a piece of this national debt that YOUR presidents rung up.

Please, do us all a favor and secede. It will save me tax dollars and without your ignorance weighing down the electorate maybe we can get a good leader.

/rant off

–Jon

10 Things We Can Learn From SPAM

zomg spamSo tonight I went to do my usual monthly routine of skimming through my spam folders to make sure that there was nothing legit accidentally placed in there. This is far from an enjoyable task, especially on my Yahoo mail account which averages 8,000-12,000 spam emails per month - a drawback no doubt from having the email publicly out there for over 11 years and used for pretty much all correspondence where I suspect I will be spammed.

I can safely say I pretty much fucking hate spammers. If I did not sign up to be on a mailing list for XYZ, DON’T FUCKING TELL ME ABOUT IT.

It is kind of interesting the shit you see in your spam box. And surprisingly it is lacking in diversity as when going through it there are some themes that seem really common.

This got me to thinking, if somehow all email was archived in a cave somewhere, and the Earth got fucked up by a meteor or something, and email was the only way visitors from space got to learn about our society, what would they learn about us if they read the spam?

1. Apparently folks in our society do not need to go to college to get an education - all you have to do is pay some site and you will receive a degree. Obviously this makes you highly qualified.

2. All Canadian pharmacies sell only viagra, cialas, and oxycontin. And everyone needs this stuff.

3. College girls love to masturbate, but only on camera. And only if you visit their site because they have a crush on you. And you pay them money. Maybe they would not need the money if they went to item #1 above.

4. Everyone needs more credit cards. Especially ones from no-name banks with 30% interest rates. But it’s ok, everyone that applies gets one!

5. I am pretty certain if the spam is to be believed I am the only person in the US without a time share! I guess I am not a good member of society.

6. Everyone on Earth seems to have some serious fecal problems. All we need is colon cleanse. Colon cleanse should obviously be a part of your daily consumption as if it were another food group.

7. You should never pay for software, music, movies. You can always get it cheap from China. Everyone in the software and entertainment biz works for free!

8. There is a lot of money waiting for me. In an African bank. Just provide pertinent bank info and await the deposit!

9. No one drives to work anymore. We all work from home making $7,500-$10,000 dollars a month with our own franchises.

10. And last but not least, there must have been a major outbreak of small penis syndrome since obviously EVERYONE needs penis enlargement.

–Jon

A Response to the State of the Union

George W BushSo last night I listened to the State of the Union address (cannot bring myself to watch that idiot speak with all his smirking) and I found it to be just like the all the previous ones - full of the usual grandiose statements and lies. At least there was nothing as huge as BIG lie - the 16 words in the 2003 State of the Union that led us into the Iraq war.

In the work ahead, we must be guided by the philosophy that made our nation great. As Americans, we believe in the power of individuals to determine their destiny and shape the course of history. We believe that the most reliable guide for our country is the collective wisdom of ordinary citizens.

This is a statement that on face value is true.

But what the president did not mention is that he does not follow the collective wisdom of ordinary citizens. In fact when the majority of Americans support an issue, he is likely to veto it on his own ideological grounds.

When almost 60% of Americans said they wanted out of Iraq and congress responded by passing a bill with timelines for withdraw, the president vetoed it.

When almost 90% of Americans polled say they wanted congress to reauthorize the State Children’s Health Insurance Plan (SCHIP) and 72% of Americans supported expanding the program to cover more children, congress passed bi-partisan legislation only to have the president veto it.

If there is anything that President Bush has proven it is that he does not really care what the American people think.

American families have to balance their budgets; so should their government.

This statement made me laugh the hardest. Coming from someone who rung up more debt than previous 42 presidents combined, I would hardly trust him to manage anything related to money whatsoever.

Please, go back to Texas and do your own thing. Oh wait, you were not good at that either.

The people’s trust in their government is undermined by congressional earmarks, special interest projects that are often snuck in at the last minute, without discussion or debate. committee reports that never even come to a vote.

Yeah excessive earmarks are bad. For example, your fellow republican Alaskan senator Ted Stevens’ now infamous “Bridge to Nowhere” that would have spent $230 million on a bridge serving just 50 people. Luckily congress had enough sense to get that shit out of there.

But I hardly think that these earmarks undermine the people’s trust in their government as much as you launching costly, prolonged wars over false intelligence. Or your poor leadership and even poorer response to Hurricane Katrina. Or your complete politization of the Department of Justice. Removing honest, non-partisan employees of our nation’s law enforcement in order to replace them with partisan hacks that put ideology and political gain above the rule of law.

The list can go on and on, but you Mr. Bush have done far more to undermine government credibility than any government earmark or entitlement program ever could.

Our security, our prosperity and our environment all require reducing our dependence on oil.

Let’s start by increasing the CAFE fuel standards from 27.5 miles per gallon, to the standards like that of China which are 38 miles per gallon. I know you oppose this. Not sure why, maybe it has something to do with who your friends are?

This is yet another example of you making a blanket statement that sounds good in sound bites, but then proceed to either not back it up, or take actions that are the opposed to the statement.

To keep America competitive into the future, we must trust in the skill of our scientists and engineers and empower them to pursue the breakthroughs of tomorrow.

Yes sir, you trust our scientists so much that when they say something you don’t like, you censor and edit their findings so that it suits your ideological needs.

Congress must pass liability protection for companies believed to have assisted in the efforts to defend America.

Ahh yes, the infamous “telecom immunity” - the very fact that the president wants retroactive immunity for telecom companies that broke the law and helped the Bush administration illegally spy on American citizens is quite amusing. I am not even sure what else to say. I guess I will leave it to senator Ted Kennedy who said it best:

The President has said that American lives will be sacrificed if Congress does not change FISA. But he has also said that he will veto any FISA bill that does not grant retro-active immunity. No immunity, no FISA bill. So if we take the President at his word, he’s willing to let Americans die to protect the phone companies.

Then there is this gem in the State of the Union:

Our military families also sacrifice for America. They endure sleepless nights and the daily struggle of providing for children while a loved one is serving far from home.

We have a responsibility to provide for them. So I ask you to join me in expanding their access to child care, creating new hiring preferences for military spouses across the federal government, and allowing our troops to transfer their unused education benefits to their spouses or children.

Our military families serve our nation. They inspire our nation, and tonight our nation honors them.

No one will argue with any of that.

Except yet again the president is full of shit.

He threatened to veto the Webb amendment which would have required that troops get time off equal to time they are deployed in the combat theater between deployments. So for example, if you serve 12 months in Iraq you would get 12 months of rest before being deployed on your next tour.

Fortunately for Bush his obedient lap dog republicans in congress voted against it and saved his veto pen some ink.

And when he vetoed pay raises for the troops while so many military families struggling to make ends meet, he must be showing his way of honoring the troops.

If that is how he treats people he honors, I hope he never honors me.

Full transcript of the State of the Union address is available at CNN.

Thankfully this is the last one we will EVER have to endure from this president.

Capitulation: It’s What’s For Dinner! (Updated)

Democratic PartyIt is now near the end of 2007 the first year the democratic party has controlled both houses of congress since 1993 and a good time to evaluate the past year.

I am not sure how to say this in a more kind and less offensive way so I am just going to come out and say it - we are pretty fucked right about now. It seems the more important the issue is to the electorate, the more likely the democratically-controlled congress is going to capitulate to the Bush administration and with it their constituency of neocons, crooks, and zealots.

The sad thing is that we are not in this predicament because of the failures of the republican party (which there is so many one could write volumes) but the failure of the democratic leadership in passing any substantial legislation for the people of the United States at all.

The democratic party was elected to the majority of both chambers of congress in 2006 because of one main factor: Iraq. Iraq has become the 800-pound gorilla in the room and is arguably one of the biggest blemishes on this nation’s history and standing, and the public saw the democratic party as the only way to end this debacle and reign in Bush.

According to this poll (warning: PDF) back in January, 45% of the people polled wanted the new congress to focus on Iraq compared to the second most common answer, the economy, at only 7%.

And then you have this other poll (warning: PDF) from back in March that found that 59% of ALL Americans wanted legislation calling for a troop pullout from Iraq by August 2008. 59%! That is not some small group of extremists or some fringe group, but the majority of the American public.

So what is the newly-elected democratic leadership to do? A wise person would choose to give the public what they expected and get us the fuck out of Iraq. Well, to their credit they did give it one good shot only to have Mr. 24% approval rating veto it.

But since this high-point in their tenure, it has been all downhill with the majority party acting more like a timid schoolboy afraid to get some bumps or scrapes on the playground than the party that was elected to change the direction of the country.

Should the democrats be surprised when under their leadership that congress has a record-low 11% approval rating when they constantly let people down?

Just last month Senate Majority Leader Harry Reid said Democrats won’t approve more money for the Iraq war this year unless President Bush agrees to begin bringing troops home. And what does our democratically-controlled congress say today? Here’s another $70 billion George! Yes, that’s right. They capitulated yet AGAIN to not only give the worst president in US history more funding for the most expensive and worst foreign policy disaster in United States history, but they also are going to do so without any conditions.

Capitulation goes beyond Iraq too. Today there was MASSIVE capitulation on an update to the FISA bill, this time giving telecom companies that illegally cooperated with the Bush administration’s domestic spy program (with some assistance coming BEFORE 9/11) retroactive immunity. This is basically a “Get Out Of Jail Free” card for all these multi-billion dollar telecoms who willingly and knowingly were breaking the law.

Where is the oversight? Where is the accountability? Where is the action? Where is the outrage?

If this blatant disregard for the electorate’s wishes had happened 100 years ago there would be a revolution. But in today’s society of iPods, reality TV, MySpace, it seems that apathy is running at an all-time high.

So I guess the question is what do we do now? I have no fucking clue, but moving seems like such a good option at times.

–Jon

UPDATE: Looks like Senator Dodd’s threat of a filibuster against fellow democrats on the FISA bill worked and forced Harry Reid to table the bill until January. Kudos to Senator Dodd for standing up for what’s right.

Also here is a snippet of a zinger from Senator Ted Kennedy which basically sums up why this bill with retroactive immunity for the telecoms is BS:

The President has said that American lives will be sacrificed if Congress does not change FISA. But he has also said that he will veto any FISA bill that does not grant retro-active immunity. No immunity, no FISA bill. So if we take the President at his word, he’s willing to let Americans die to protect the phone companies.

What The Hell Is Wrong With These People?

Last night on CNN I saw this beauty of a report and now I found it on the web. After watching the report, and reading it on the web I am at a loss for words.

So apparently if you are a woman who is gang-raped in Saudi Arabia, you are guilty because, well, you are a woman?

Here is a nice tidbit about our “friends” treatment of women:

Under Saudi law, women are subject to numerous restrictions, including a strict dress code, a prohibition against driving and a requirement that they get a man’s permission to travel or have surgery. Women are also not allowed to testify in court unless it is about a private matter that was not observed by a man, and they are not allowed to vote.

Also note that 15 of the 19 hijackers that attacked us on 9/11 were from Saudi Arabia as well.

Saudi Arabia’s wealthiest STILL continue to fund terrorist organizations that are against us, and other Western nations.

Despite all of this, Bush himself has said that they are our “friends” and considers them a strong ally while we funnel them BILLIONS of dollars a year for oil and aid. Meanwhile they take our money and invest in some of the biggest American corporations. Citigroup’s (Citibank - the third largest bank corporation in the US) largest individual shareholder is Saudi Prince al-Waleed bin Talal. He also owns substantial stakes in HP, Kodak, Ebay, and Amazon.com. So the more oil we buy from our “friend” the more our nation’s largest multinational corporations are owned by these people who represent a culture that is diametrically opposed to our way of life.

This is just mind-boggling to me - that we can ally and be “friends” with this nation of islamic fundamentalists whose very ideology goes against the values that the United States was founded upon - a country that is constantly ranked as among the worst violators of human rights in the world by Amnesty International.

Meanwhile here in the Western hemisphere we still have a boycott of Cuba for being communist….

Maybe it is time for a top-down review of all of our policies, foreign and domestic. I strongly believe that ALL of our policies should be able to be reconciled with the values of the country as a whole, not the benefit of the top 1% of the wealthiest people in the world.

–Jon