1 This is Jim Cramer's fault.

2 I'm not happy republicans lost but this shit is better than tv.

3 The chickens are coming home to roost.

4 There's some strange psychology going on in the Democrat Party. Do we know for sure that they are no all collectively suffering from multiple personality disorder?


"Chris Dodd is appalled and outraged by Senator Chris Dodd's actions and cannot endorse them."

5 By the way it is blue on blue.

6 Okay Dodd, get the knife out and start cutting!

7 In reference to the chickens, wouldn't it be great for Obama to invite Wright to give a speech for the press again. Wright making an ass of himself would be a distraction from the AIG bonus distraction, which is a pretty good distraction from Geithner being incompetent, which is a distraction from Obama being completely out of his league.

p.s. If Medved says Obama is a genius one more time I'll lose it.

8 A big boy did it and ran away.

9

Is it too much to hope that the GOPers in congress are going to scream to high heaven about this shit?

Do you think they have enough savvy to wrap this around Obama's neck?

Don't they want to try and get control back in 2010?

(don't answer these questions, I have a feeling I won't like it)

 

10 This is the clearly the kind of thing to be expected now that the 'adults' are in charge again.

11 Just remember, I told you back in November that Obama was going to bring a renaissance to this blog. This shit writes itself and we are only 2 months in.

12 You better shutup you fuckin little shit.

13 MSM: nothing to see here, just move along...

14 Is it too much to hope that the GOPers in congress are going to scream to high heaven about this shit?

They won't say much, cuz they'd have tried to slip the same shit through.

15 Now, boys, no one is to blame, I have always relied on complete strangers to write mah bills.

16 Instead of being the grammatically and logically fucked-up sound bite of a two-bit cockholster demagogue, the phrase "We are the change we've been waiting for" kinda almost makes sense now.

17 I blame Bush 43. If he hadn't set so high a standard Obama would not look so inept. The rest of the Dems? Par fro the course.

18 "There's some strange psychology going on in the Democrat Party. Do we know for sure that they are no all collectively suffering from multiple personality disorder?"

Demon-possession.

19 I poop ma pants.

20 Can't wait to see how the Republicans fuck this up....you know they will.

21 anybody sez anything I'll gut'cha. Unnerstan? Gut'cha.

22 Count the number of issues on which this incompetent administration reversed itself:

1. Vets don't get paid by VA --> They get paid by VA
2. Won't sell spent Army brass to ammo-makers --> will sell it.
3. Don't want Churchill's bust --> It was uh..um... a mistake
4. Allow AIG to pay bonuses --> AIG are bloodsuckers.
5. Will impose tariff on foreign trade --> Won't
6. No guns for Pilots --> Pilots can carry guns
7. won't hire lobbyist --> will hire lobbyists
8. No admin posts for tax cheats --> except SecTreas

Most incompetent administration eveh.

23 Now, ladies, gentlemen, there's plenty of graft for all of us. Plenty.

24 By the way it is blue on blue.

Err, really? Aren't enemies 'red?'  Or do you think Ace is a fan of the Administration?

25 I'm loving this circular firing squad shit...

I frankly don't care if it was Dodd acting alone, if he did it under Geithner's orders, or if it was Colonel Mustard in the Conservatory with the Lead Pipe.  The fact that they're continually shifting the blame on each other will keep this in the headlines until someone goes under the bus.

26 God Save The Republic.  At this point, he's probably the only one who can.

27 You think people might finally start to realize that since FDR, the Dems have always been in bed with big business (and against small business)?
Nope. 
Just like they'll never realize that the one group who says "blacks are incapable of succeeding without handouts" and "A chimpanzee? OMG that must refer to Obama!" are the true racist party....

28
Dodd's defense is that he intended to put much harsher wording in the clause, but was forced by the powers-that-be to word it so all contractual obligations shall be met.

In other words, Dodd is passing the buck and pointing his finger, "He made me do it."

Just like the scene in Jaws when the kids were swimming around with the fake shark fin trying to scare people. When they got caught, one kid said shivering, "He he he he made me do it!"

29 Shoot yer fookin face ya fook.

Ya fooked us!

30

Is it too much to hope that the GOPers in congress are going to scream to high heaven about this shit?

Do you think they have enough savvy to wrap this around Obama's neck?

Don't they want to try and get control back in 2010?

AHAHAHAHAHAHAHAHAHAHAHAHAA

*wipes eyes*  Whew.  That was funny. 

31 "...or if it was Colonel Mustard in the Conservatory with the Lead Pipe. "

True story: I once mis-shuffled the cards, and the Clue game ended with "Colonel Mustard did it with the Lead Pipe in Mrs. White."

32

The AIG executives who benefited from their contractual largess should agree to give-ups, but only when the scumbag executives at Fannie Mae and Freddie Mac also agree to same.  What's fair is fair, and the government pricks are no different than the AIG folks. 

If someone offered you a bonus program for performing your duties, what are you going to say, no thank you, I'm an asshole and don't deserve to be compensated and you're a jerk-off for offering me such a splendid package?  You would simply sign the contract, and get on with it!

33 OT:

Coach K. of Duke put out a statement telling Obama to quit wasting time doing March Madness picks on ESPN and to fix the economy instead. 

(He apparently didn't appreciate Obama's prediction that Duke would lose in the Elite 8 while arch-rival UNC would win it all.)

http://tiny.cc/Gajw4

34 All the Dems' teleprompters seem to be crashing and their MSM sheilds are still up but showing lower power levels all the time... one good photon torpedo is all we need, but ah shit, Adm McCain is sound asleep in the Captain's chair and Commodore Steele is giving an important talkshow interview.

35
Can you believe this demented old fool actually believed that people would trust him to be president?

36

I hope Dodd hauls himself before his committee and asks himself some tough questions! Dodd can't let himself off the hook- he got some esplainin to do!

 

THE UNITED STATES GOVERNMENT IS OUT OF CONTROL

37

Can you believe this demented old fool actually believed that people would trust him to be president?

Yes. Yes, I can.

38 I give up..I really don't think I can keep up with all these shenanigans, and it's been what, barely 60 days into Obama's administration? I really cannot imagine 4 years of this. And yes, I blame Bush, he really was way too efficient and we got spoiled.

39
hahaha!

I hate Duke and I'm forever a UK fan

Today, I'm a Duke fan and I want them to win the whole thing.

40

The "treasury officials" were Geithner at Treasury and Summers at the White House.

41 Man they are turning on each other earlier than I expected.

42 Lt commander Palin to the bridge!!!!

43
Obama said today the buck stops with him.

This was right after he said, "Hey, man, we found this mess and we're trying to clean it up."

Just like everything else Obama says...

just words.

And, as usual, not even his words.

44 RE #34 Lt Commander Palin to the bridge!!!

45 Barney Frank was just shown on Fox News, telling the AIG chairman he wishes he could get a congressional subpenis to perform a long, hard and deep probe of the dark recesses of the nether regions of his staff...

46

TheHill.com reports that John Boehner ripped Geithner a new asshole over the mess. That's good to see.

47

 And yes, I blame Bush, he really was way too efficient and we got spoiled.

Y'know what else Bush did? He identified the people, organizations and nations that perpetrated the attacks on our country in 2001 as the enemy, and he unleased the wrath and might of the United States of America against them.

But things are different now, so let's focus on a teenage romance in Alaska that didn't work out, and let's rage against these son of a bitchin' bastards at AIG.

Change: We got it.

Obama isn't Bush: He certainly is not.

48 By the way it is blue on blue.

I believe that Ace was using the phrase in the military context (smart military blog 'n all), where friendlies are blue, enemies are red.

Then again, he could have just snapped a hobo wishbone in two, and red won out.

49
True story: I once mis-shuffled the cards, and the Clue game ended with "Colonel Mustard did it with the Lead Pipe in Mrs. White."

Obama=Colonel Mustard
Lead Pipe=Taxes
Mrs. White=US populace, bent over.

50 WHERE is the flaming skull on this one??? Political IMPLOSION!

51 Hey, we need a flaming Dodd-skull with white hair. He fucks up enough that it'll get some serious usage. Slub?

52 I must have missed the civics class where you learn that the writing of laws rests with the Department of Treasury.

It's funny the things you think you know that turn out to be wrong.

53

It's a circus show.

54 This Bonus BS is just a smokescreen so you don't argue about what really happened. Nobody enforced regular banking law. AIG was kiting checks, basically, and they perpetrated the FRAUD for years. Nobody can kite that much funding without anyone knowing about it. Problem is, they're damned well-connected, aren't they?

55

Is it too much to hope that the GOPers in congress are going to scream to high heaven about this shit?

Do you think they have enough savvy to wrap this around Obama's neck?

Don't they want to try and get control back in 2010?

(don't answer these questions, I have a feeling I won't like it)

 

With Steele in Charge of RNC? Uh NO

56 EWCUSE ME! Do yu mind givin a guy a little privacy while I probe my staff ???

TWHANK YU!

57 @49: you sure that it wasn't Mrs. White that did it in the conservatory with the beagle while Colonel Mustard videotaped?

58

I must have missed the civics class where you learn that the writing of laws rests with the Department of Treasury.

And the Department of Agriculture issues money!

(Don't feel too bad -- I missed the class in journalism school where they covered "fake but accurate" sourcing of stories.)

59

Anyone else watching Obama's "townhall" right now?

 

He's in trouble, and he KNOWS it!  He started off by kind of poo-pooing the back-in-forth in Washington over the AIG bonuses (while being careful enough to remind us he's "outraged" too) and then said basically, "Let's get over it, I'm the president, so if you want to blame me, then that's fine."  Whoa!  While he thinks he can slip it (him and Dodd paying off their AIG benefactors) under the rug, I believe this is an unbelievable opportunity to cripple this presidency right now!  The Republicans better pounce all over this--the American people need to know that Obama the Reformer got down and dirty with Dodd on behalf of the very folks he's "outraged" are receiving bonuses.

 

Oh, and by the way, in response to a coherent question posed by a female banker, Obama strangely said to her, in a lame and no-teleprompter moment, "You don't look like you got a $5M bonus."  The crowd, generally supportive, squirmed.

 

Obama is self-destructing.

60 God put me here to oppress The Man.

Whadcha think this was...a tiddlywink game?

61 Ace wrote: "As the Overwhelmed One hasn't filled seventeen of the top 18 slots at Treasury, I'm guessing (but can't be completely sure) that "Treasury officials" refers to Geithner."

I don't think he'd have gotten the money shoveled out the door faster if he'd appointed Matthew Lesko to Geithner's job.  And he couldn't be much worse than Geithner.

62

It's a circus show.

More like a fucking MADHOUSE!

63
This is the guy who said he had to make a lot sacricifices while campaingning for president...

such as eating hotel food. What were the other things? I

64

can we get back to more important things like dick cheneys death squads.

 

65 57 @49: you sure that it wasn't Mrs. White that did it in the conservatory with the beagle while Colonel Mustard videotaped?

That's Mrs. Whiteland, Indiana 2009 to you, buster!

66 I AM OUTRAGED!!! _{at myself.}
~Chris Dodd

Hey! Look over there! Isn't that Rush Limbaugh!?!
~MSM

Can we start hanging these fuckers yet? All jokes and sarcasm aside, why are these fucks not in prison? How many times have they been caught with their hands in the cookie jar?

I say we cover them all in peanut butter and release Toby the Beagle on them. Or perhaps that chimp that rips people's faces off. Even the one that stores up rocks to throw would be better than nothing.

67

What were the other things?

Something about telling his kids that they'd have to wait to get a dog.

68 You pieces of shit need to mind your own business.

69 Holy fucking shit, listen to President Teleprompter in this fucking town hall. This is the Great Orator? The Eloquent Genius? What a stuttering stumbling incoherent blithering idiot.

I'd feel sorry for him if he wasn't such a fucking tool.

70 Unreal. Obama is blaming other people for people taking out loans they couldn't pay for. This is the scumbag who sued Citi on behalf of ACORN to make it happen!

Utterly fucking shameless.

71 Still listening to Odumfuck. What a lying cocksucker. No economic growth in ten years?

Constant 2000 dollars GDP end of 2008: 11,525 billion
Constant 2000 dollars GDP end of 1998: 9,237 billion

25% growth in ten years.

FUCK YOU, OBAMA, YOU LYING SACK OF SHIT.

72 If some "genius" in the WH thought Obama needed to get out on the stump to try and rebut the Teleprompter in Chief perception beginning to take hold, man was he horribly off the mark.

73 Where are you seeing this townhall?  I wanna watch!

74 We have always been at war with Eastasia.

75 This is standard Democrat M.O.  and, as long as the media keeps performing prostate-O-lingus on them, why should they stop?

76 What ??? No burning skull with white hair on it...c'mon Ace we need the burning skull to let us know we scalped one.

77 Townhall on CNN and MSNBC.

78 73 Where are you seeing this townhall?  I wanna watch!

Posted by: jewells45 at March 18, 2009 06:46 PM (FDTdp)

I am watching is streaming here.

79 Man Obambi is really fuckin up the townhall thing.

Sounds like he is forcing every point, and that he don't believe a word of it.

K

80 "Has anyone seen Timmy?"

*bump*

81 Why don't you mind your own God damned business?

82 "I'm going to throw alot of shit around so nobody demands we bust up my fraud buddies"

83

#18

I agree with you.

84
You might thinking he's fucking up, but this a smart political move by Obama. He's out there amongst the people, making his case, which is something Bush stopped doing in 2005.

Obama is out there spreading his bullshit and no one is calling him on it.

Obama -- 1
Us -- 0

85 Thanks, I have it tuned to CNN

86 Questioner- "Mr. President, I got a felony and can't find no job. What do I do?"

Obama- "Have you applied to Treasury yet?"

87 Question form the audience....

Hey how come I can't get a job when I got a felony on my record?

Uhmmmm cause your a fuckin felon????

K

88 BO is on MSASS and CNNUTS

89 "Has anyone seen Timmy?"

*bump*

Oopsies.  We're going to need another Timmy.

90 Man is my kitten gonna get it tonight

91 (oops, meant to quote #80)

92

This "townhall", stuffed full of California Obamamaniacs, was hastily arranged to Change the Fuckin' Subject!

 

I swear, I switched back to Fox during a portion of the "townhall" and Carl Cameron was pouncing like a mad chimp all over the Dodd and Administration officials inserting the AIG Bonus Protection Clause into the stimulus.

 

Panic is showing.  Really showing for the first time.  We need to tie Obama to his fake outrage like a witch to a stake!

93 Fuck the lot of them.

Worst administration and congress EVER.

94
Meanwhile, Michael Steele could be holed-up in a cave like Osama bin Laden 'cuz he's nowhere to be found.

Why aren't we having townhall meetings? With real people asking real questions like, "With the rising unemployment claims, why do the Democrats want to help illegals from stealing our jobs?"

"Are we going to hold hearings to find out what role Barney Frank and Chris Dodd had in the subprime mortgage scam?"

"Barbara Boxer is a crook, why isn't she being investigated?"

"Cap & Trade is an awful idea, what are you going to do to stop it?"

95

Dear Mr. President,

 

Please accept my resignation effective March 19, 2009.

96 That fool Obama can't even speak!  Holy shit talk about a fuckin douchebag.  He could not string 2 ideas together if they were attached with tampon line.

K

97

Sarah Palin is going to savaged by the MSM in the next few days.

98 Chris Matthews is cracking. If Obama loses Obama it's a very, very bad thing.

Or a good thing.

99 Update on HA: CNN says, "Dodd lied".

So, how's things look from under the bus there, Dodd?

100 Whew!  Good thing that hockey chick didn't get into office!

101

I noticed little Chrissy Matthews seemed a little "off" after that brilliant townhall performance by the object of his desires.

 

Is that leg still tingling Chrissy, or is your ass puckered so hard you couldn't squeeze a pencil in?

102 Yeah, dealing with the banks and markets was the #1 thing that Team Obama needed to handle correctly.  All else would have been forgiven, short of a glowing hole where Manhattan used to be.  Who would have thought that this would come pass last September-October?

103 Slightly OT:

Good news! The Fed has decided to print an extra trillion dollars. Hurray! Money out of thin air!

Hey, anyone got change of a dollar? You know... a penny? I promise that I will get you the difference back.

104

MSM won't let President Teleprompter fail. They're in the bag for the man, and he knows it.

MSM= Minitrue

105 Another call for Geithner's resignation.  Time to start a pool on how long it will take to replace him.

106
Yay inflation!

107 He blames it all on 'irresponsibility' but the Fed needs to go through the market as a whole, Enron-style, to fix the problem. And take down the Congressmen involved n the fraud, too. As it is, the bailouts cover the crimes.

108 And now, in his press conference, after going into great detail about how he inherited this whole problem, the ObaMessiah (during Lent, no less) says:

"Blame me. I am the President of the United States."

Behold the unblemished Lamb of God, who takes on himself the sins of the world.

Let's see if, continuing in that vein, he proceeds to forgive, forget, and never again blame the Bush adminstration....

109 Meanwhile...Jon Stewart is blaming Ben Bernanke for the bonus imbroglio, which means that a huge swath of under-40s are going to believe exactly that.

110 Who would have thought that this would come pass last September-October?

Posted by: Popcorn at March 18, 2009 07:04 PM (Tha0W)

The 46% of the country who are not distracted by shiny objects or, as the MSM will tell you, the ones that are all a bunch of gun clinging racists.

111 Dodd doesn't look like he's willing to "take one for the team," either.  Gonna be interesting around here for a day or two until everybody gets their story together.

112

Who did it?  He did it.  Who did it?  He did it.  Did you do it?  He did it.  Fucking kids.

113 35
Can you believe this demented old fool actually believed that people would trust him to be president?
Posted by: Darling, just an entertainer at March 18, 2009 06:07
-------------------------------------

I think the campaign fund was where he laundered a bunch of his kickbacks, plus he probably made more for siphoning off votes from Hillary Clinton.

114
Is it true that only $27B of the $787B Stimulus Act is for 'shovel-ready' projects?

Or do I have my figures wrong? That's gotta be wrong, right?

115 I really hope someone asks this question:    Mr. President.  You said that there are too many Americans outraged over the AIG bonuses because AIG has been funded by the taxpayer.  You said that they actually don't deserve any pay because of the situation they have placed AIG in.  I know that most Americans are not happy with Congress, or you Mr. President, for the situation that you have placed AIG in.  I also know that Congress' approval rating is actually lower than the perc. of Americans that think AIG should keep the bonuses.  Tomorrow, are you going to demand that Congress give up their pay?  Are you going to give back yours?

116

No one is responsible for anything anymore. A government of lies and criminals.

Let's water The Tree. It's been a while.

117 Fuck the fucking fucker.

118 Maybe instead of giving just giving up their pay, they should give back campaign contributions from AIG, since, you know, that's effectively my tax money as well.

119 @outraged at March 18, 2009 07:09 PM (penCf)

I would settle for Obama and Dodd giving back the "bonuses" that they received from AIG. Well, that and their unconditional, immediate resignations prior to the start of their criminal trials.

Is that too much to ask?

WTF? Are our prisons so overcrowded that we've decided to move the felons into federal office?

120

If the report I heard today was true, then Dodd and Obama received the largest campaign contributions from AIG.

Normally, I would share the pessimism expressed by another poster above about the MSM covering for Obama.  But they can't this time.  It's just too big, and Obama helped balloon the story by expressing his "Outrage."

This is HUGE people! 

One of the most delicious ironies of this story is the unknowing contribution of the MSM to Obama's potentially fatal wound.  The MSM started off the story thinking they were helping Obama demonize some more Wall Street FatCats having no clue that this story would have the potential to make Obama damaged-goods a mere 2 months into his miserable failure of a presidency.

121 Need someone to run your White House? 

122 I'm still trying to decide what is more entertaining, this or lesbian porn.

Oh and for the person that asked if the GOP is going to use this to try win back majority and the WH, thanks for the laugh.

123 "this or lesbian porn."

You must be straight, otherwise you wouldn't even ask....

124

Be nice.  Teleprompter Jesus is learning on the job.  Give him a chance to figure out how to be President.  I assure you, 3, 4 years from now, mulitple daily self-inflicted wounds will be a thing of the past... you know, at least, last week.

 

125
My head is spinning.  I have a boner.  I'm knocking things off the shelves.  I need to sit down.

126

>Normally, I would share the pessimism expressed by another poster above about the MSM covering for Obama.  But they can't this time.  It's just too big,

 

Nothing's 'too big'. You underestimate the MSM.

127 OT: Natasha Richardson [Mrs. Liam Neeson] has died. Condolences & prayers to the family.

128

So, think those poll numbers will be down some more next week?

You know, you can't blame the SOB for thinking Americans are dumb enough to be brazenly lied to day-in-and-day-out.

129 This needs to be a flaming skull!  We may well be witnessing the death throes of Dodd's political career!  Even CNN is calling him a liar!

GET IN THE CHOPPA AND LIGHT THE MUTHAFUCKIN SKULL!

130

I would also like to know how they come up with "The American people are angry" bit.  (I don't mind the bonuses. A contract's a contract.)

But, when we shut done the servers, phone system, etc., over TARP I and II, and the stimulus, the American people were referred to as "the chattering class".  We have even protested, and not peep about it.  But every news organization is yelling, "the American people are really pissed!"

Just who do the consider 'the American people'?  Code Pink, etc.?

131

I agree.  Flaming skull!

 

But don't limit the fallout to Dodd.  This can/will/should seriously damage Obama!

132 Oh, & add my vote to kick Dodd out of Congress.

I saw him all over the networks this morning, & he looked as-guilty-as-sin. He didn't even sound convinced of his own life.

Through the bum out!

133 You know, you can't blame the SOB for thinking Americans are dumb enough to be brazenly lied to day-in-and-day-out.

Exactly, he knows for damn sure he has at least 52 million of the retards he can count on.

134 This is like a trillion ring circus. I can't keep up.

135

36 THE UNITED STATES GOVERNMENT IS OUT OF CONTROL

I need oxygen, and the paddles right awa ...

136 Paging Mr. Steele...Mr. Steele...This effing tool needs to jump on this disaster pronto.  He won't.  Neither will the GOP gimps.  Fun to watch though.  Fuck you Obama and that ugly Klingon wife.

137

Another call for Geithner's resignation.  Time to start a pool on how long it will take to replace him.

Replace? Next Monday.

Confirm? After three or four nominees are found to be tax cheats, pedophiles and/or non residents? Mid June-ish.

138

So, think those poll numbers will be down some more next week?

You know, you can't blame the SOB for thinking Americans are dumb enough to be brazenly lied to day-in-and-day-out.

Posted by: Dave at March 18, 2009 07:24 PM (87clE)

No. Of course he's smarter than that. That's why he's MAKING HISTORY by GOING ON JAY LENO!!!

Yes folks, we now live in a time where someone who is know entirely for their unwarranted celebrity is making history by going on a talk show. 

And you know what else... HE'S BLACK!!! AND MICHELLE HAS TONED ARMS!!!

139 @125

Thank you, you just gave me the lyrics I needed for this song.

140

A portion of those 52 million dumbasses will stick with Obama no matter what.

 

However, those other millions (how many?) who had Bush-fatigue and were attracted to Obama's pretty horse and pony show will peel right off if Obama is shown to be the liar and fraud we all know him to be.

Oh, and thanks to whoever it was that reminded me the Republican "leader" right now is Steele.  OMG.

141

>We may well be witnessing the death throes of Dodd's political career!  Even CNN is calling him a liar!

 

CNN will get a call later this evening from Obama's Kultur Minister, and tomorrow Dodd will be just fine.

 

Move along, nothing to see here.

142 Let's water The Tree. It's been a while.

1. Once you go down that path, you can never come back.
2. Those kind of things never, ever turn out the way you want.

143 something about dying on one's feet as opposed to living on one's knees....

144 Throw Dodd out and we're still gonna be paying his pension, meanwhile another pig moves into his spot at the feeding trough. NO - get the prosecutions going! A blind accountant would see the corruption in our government. Fuck, don't tell me Geithner doesn't know where the bodies are

145 Well by golly, it's not very often that you tune in a CNN panel discussion wherein 2 out of 3 panelists are pummeling the Obama administration for "being asleep at the wheel."  I'll take it for a start, but of course they were wide awake when they tried to smooth those bonuses through.

146

(Jim Mora voice)

"PROSECUTIONS? You wanna talk about prosecutions? Are you kid- PROSECUTIONS??"

147 Something tells me that all of this will be swept under the rug and the msm will rehash their attacks against Palin and family.

148 Senator Dodd has the future of 2 generations on his hands and he licks it with the joy of a jackal having killed a rabbit.

149 of course Geithner knows where the bodies are, how the fuck does he get that gig with his tax evasion problems, without having that map?

150 No surprise Dodd threw Prez Milk Dud under the bus.  He can run for senator till he dies...you can only be the prez for 8 years.  Who ultimately has more power? 
Remember the old saying:  President proposes, Congress disposes.

151 I'm gonna' make the extra effort to tune into Rush's show tomorrow.  Should be fun!

152 Meanwhile...Jon Stewart is blaming Ben Bernanke for the bonus imbroglio, which means that a huge swath of under-40s are going to believe exactly that.

The conservative movement needs to come with an alternative to this tool.  Closest we have is Greg Gutfeld, and he's on at 3:00AM

153

Another call for Geithner's resignation.

His replacement will be Craig Livingstone, the infamous Hillary clone who grand mothered the 900 FBI files and has been standing by awaiting another liberal call to action.  I also think he's a Barney reach around specialist. 

154

Is it illegal to run free-to-good-home ads stating: FTGH 1(or2) basically worthless Senators.  Loves to run things into the ground, and they don't listen very much.  Answers to money and power.  Owner will even pay relocation costs.

155 Part of me wants to feel optimistic that "this could be the one that get's 'em", but I can't get there.

How many times have we been through this with the same cast of characters?

Over government is incapable and unwilling to police itself. The crimes increase both in scope and frequency each year while the prosecutions become fewer. The MSM is nothing but a whore who is smart enough not to report on the trough that it also gorges itself from.

I think we have arrived a place we have seen before. Last time, we called in the American Revolution. The problem this time is that the enemy has complete control of the message and is using that advantage to keep 52% of the imbeciles woefully ignorant while they wait for their free shit.

156

Ace FLAMING SKULL PLEASE!!!

 

with a white wig on chewing skittles, and maybe a teleprompter off to the side...

CNNUTS are being so "tough" on BO, they are hoping for their interview later on this week.

 

***********************************************

These are the people who want to run YOUR health care

***********************************************

157

I made it to 3:50. That fucking guy talks faster than the MicroMachines spokesdude from the 90's.

I think Dodd spoke enough to fill the AT&T Columbus Yellowpages and at the same time said nothing.

158 149 - exactly! The party symbols are wrong - Dems should be a fox, Repubs a blind dog [we're the henhouse]

159

I'm not sure it's 52% anymore.

And while this may not be THE GOTCHA' INCIDENT, and I still believe it could be, I'm getting more optimistic as I watch Obama each day that there surely will be at some point.

160 You know, you can't blame the SOB for thinking Americans are dumb enough to be brazenly lied to day-in-and-day-out.

That is exactly right. After the 2008 election they figure they can get away with anything.

Meanwhile:

Moments ago on the House floor, Democrats did something truly remarkable – they voted to let AIG executives keep their taxpayer-financed bonuses. As you know, this week, $165 million was awarded to 73 AIG employees primarily for the AIG financial products division (11 of the employees are no longer with AIG).

http://tinyurl.com/cz8fw5

161 The dogs of war have been unleashed.

162 Where the hell are the Republicans in congress? They should be milking this for all it's worth.

Damn it, this IS the perfect opportunity.

ugh.

163 p.s. If Medved says Obama is a genius one more time I'll lose it.

They both went to LAW SCHOOL.  Law school is EASY.  Law school is where people go when MATH is TOO HARD for them.  I respect Medved and he's very smart compared to lawyers and journalists, but that's damning with faint praise.

You don't have to think about MIT, think about UMass.  Do you think that any PhD student in the math dept. at UMass is going around saying, "Gosh, I can't wrap my mind around that Stare Decisis business, I'm sure glad I'm doing something easy like mathematics instead of having my mind blown by those geniuses at Harvard Law."

Even if you think that writing is some evidence of massive intellect (I don't) and believe that Bill Ayers did not have a big hand in writing or rewriting Issues from my Daddy, there is no problem-solving skill involved in law school or advocacy writing.  If anything, they are tasked with causing problems and obscuring the truth for their client or cause.

It is self-evident that Obama is an imbecile.  Even somebody with no management experience but an intellect sufficient to solve a sudoku puzzle would have figured out how to avoid the constant epic failures of this administration.

164 The thing is... he might be telling the truth, too. The fact that he got more donations from AIG than any other politician seems to put that in doubt, but then President Obama was number 2...

165

OT, well sort of, but still within the realm of the whole effing financial mess, can one of you smart morons tell me if the 1.2 trillion the treasury department just created out of thin air will actually help or eventually do more harm than good?

Because I think it is kind of odd that we are sucked into the distraction of AIG while Treasury essentially just fired up the printing press and created money out of thin air, but maybe I'm not smart enough to understand all this weird financial hocus pocus.

166 Actually, flaming skull or not - I'd like to see the Democrats actually circle the wagon around all their guilty parties.  Taking out Dodd, or kicking shit directly on Obama for this would actually show they have some morals.

We really need them to appear as corrupt as they actually are.  So I hope this goes on for a bit.

Although - I really DO think that Geithner's days are limited.  I don't think he was a member of the Obama KKK (Kool Kid's Klub) to begin with - he's the easiest to shitcan.

And there's no doubt that Obama's KKK is screaming at each other about who is going to take Geithner's place - because I don't think that would be a long list.

167 Amish Dude,

I have a law degree and an advanced degree in finance?
In your view does that make me half an idiot?

168

We're supposedly on the "brink of an economic catastrophe" and Obama is jettin' out to California to chat with Jay Leno.

When my children look at me, I am so ashamed of this country and its' "leaders" right now I just don't know what to tell them except the truth.  And then I feel guilty because I'm afraid I'll depress them.

169

>It is self-evident that Obama is an imbecile.  Even somebody with no management experience but an intellect sufficient to solve a sudoku puzzle would have figured out how to avoid the constant epic failures of this administration.

No no no. You just haven't thought this through! The President is a man of great oratorical skills! He edited a  law review somewhere, which means he's very very smart.

Rush Limbaugh! Bristol Palin!

170 Well, I won't admit I'm stupid, but I confess I went to Law School cuz' I hated math.

171 ParanoidinSeattle,

We're looking at a period of massive inflation if, and only if, the economy gets going at any sort of normal rate of growth.

There are several situations that will make that less likely:
1) More government intervention will retard economic growth as it increases uncertainty;
2) There is a significant chance government borrowing will crowd out private borrowing;
3) The debt overhang in the private sector is causing a retrenching of personal spending habits (i.e. higher savings rates); and
4) The fed is running out of options with interest rates near zero.

We're still in line for a "Lost Decade" a la the Japanese economy from 1989 to 2004 in which there was ZERO percent GDP growth in Japan.

172 This is not the Chris Dodd I thought I knew.....uhhh....ummm... these are not the bonuses I signed in the pork bill....uhhh....ummm....

173

#171 Nom de Blog

 

On the bright side, I love sushi.

174

for the next 4 years, your president will piss on your leg; when you turn on your television, you will be told it's only a little rain.

4 YEARS OF THIS SHIT.

175 Somewhere a teleprompter sobs quietly...

176 165 - Its a wash. See, this way we're gonna [eventually] get Zimbabwe *and* Hitler, rather than just one or the other.

177 I hope all those people that voted for obama just because they were afraid of Palin becoming President, ie: my mother in law are happy with themselves right now.

178 @paranoidinseattle

Help or hurt? The answer depends on if you're a Democrat or Republican in the short term. Dems say that you dump a bunch of money in, something is bound to come out of it- witness the several trillion "invested" in the past few months. Republicans say it's stupid to "invest" money into failure, since money lost is more often than no irrecoverable.

Long term- inflation. They have effectively devalued the dollar by 1.2 trillion. The more money there is available, the less it's worth. Everyone knows that, but the Fed and Dems seem to think that inflation issues are preferable to short term cash flow needs.

My answer is simple- don't invest in failure; no matter if you are calling it a bailout, loan, Fed cash or whatever. It's like giving your crackhead cousin cash whenever he asks for it. Even if he's a really nice guy that means to do better, his situation is such that he cannot possibly do better, no matter how much cash you give him. The result is that you end up as broke as he is and have accomplished nothing by trying to help.

I don't for a second believe that the economy is in the shape that we were forcefed back in October nor that the outlook is as grim as has been repeated stated. Yes, it's bad and yes changes must be made and yes, those changes are expensive.

The solution: put the money into successful areas with proven strategies for the future. Think of it as a trust fund with guaranteed interest for your crackhead cousin. He can't touch it unless he's clean. Best case is that he cleans up and the interest (gained from succcessful sources) puts him on track. Worst case is the fucker kills himself and you have an account full of cash to buy booze, hookers  and put a downpayment on a house that will be built in his memory.

179 Everyone just remember- THERE IS NO PORK IN THE STIMULUS BILL!!!

It's bacon. One trillion pounds of bacon. Are you going to tell me that you don't like bacon? That's un-American! Everyone loves bacon! Eat your bacon, like a good little moron and enjoy it. And remember- IT'S NOT PORK!!! There is a distinct difference, just like a blowjob is not sex.

180 Damiano,

There will only be inflation if the economy picks up steam. If you assume an economic expansion then we'll see inflation.

If, as I do, you assume private sector growth will not happen in large part because of the intervention you rightly deride -- no inflation because no growth.

181

The Obama administration has floated more trail balloons in the first sixty days than most administrations release in 8 years.  Unfortunately for the American people, the majority of these tests have been with odoriferous air masses most closely resembling a waffling bean fart. 

The most odious of these smelly turds was the mandate to force wounded American soldiers and Marines to pay for their own wounded care cost.  The best that can be said about the Obama cabal is they are insensitive fucks. Just who do these elites think they are?  Oh I know, liberal elites, Harvard graduates who know what's best for the unwashed.  Well, fuck 'um.

182 @ ginger

If I were you, I would call your mother-in-law and tell her that the saving that you had intended to use for her comfort and care in her later years are gone and she'll have to live in a cheap home and work for her rent there.

183 I like being President. And it turns out I'm very good at it.

184 Damiano,

Why do you assume inflation will happen? If the private sector doesn't expand what, pray tell, will cause that inflation?

185 Okay we now have this, The Rangel Bill:

Pelosi explains:

The special tax rate only would apply to individuals and families with overall income (including income other than bonuses) in excess of $250,000.

The bill applies to payments received after December 31, 2008.

and

"Because they could not use sound judgment in the use of taxpayer funds, these AIG executives will pay the Treasury in the form of this tax. I urge all my colleagues to vote in favor of this legislation and in favor of recovering taxpayer dollars and protecting Americans from the continued poor judgment of some of America's largest companies."

Okay where is Gabe when you need him?
How the hell is this not a Bill of Attainder?
It's a law written to punish a specific group of individuals as the Speaker of the House says herself:
Because they didn't use sound judgment...will pay the Treasury in the form of this tax.
Tax my ass, that's a fine.
These executives were specifically allowed to use unsound judgment in a law written and passed by this Congress and this President.
Even if it is somehow constitutional how can they make it retroactive? How can this tax apply to funds received BEFORE the law was enacted?

Where the hell is the ACLU?
It's Illinois Nazi time here fellas. I don't care how big of a scumbag these AIG execs are. They did it legally. A tax targeted like this is a sick, twisted precedent and it should not stand.

It's particularly galling that the Tax Dodger in Chief's, Rangel, name is on this.

186 I hate these people.

It's not a strong dislike. It is a fucking hate.

187 @180

Agreed. I am betting on expansion at some point, primarily in alternative energy, green crap and a bunch of other worthless shit that will not amount to anything for another 20 years or so.

That is not to say that I think Obama's plan will result in recovery of any sort. Expansion will be limited to his target sectors while all the current engines of the economy (small business, manufacturing, probably healthcare, etc.) fail.

In short, it will be false prosperity similar to the dot com boom, but with less valid substance mixed in with the crap.

Here's an optimistic example: assume that all this "green" investment results in development of the ultimate Mr. Fusion. Throw in some toe nail clippings, dog shit and urine and it'll power your entire life for a week. Great- now layoff the entire auto industry, reconfigure the electric grid and develop the infrastructure to put a Mr. Fusion in every home- marketing, sales, logistics, etc. Mr. Fusion Inc.becomes the biggest company in the world and employs a billion people globally- everyone else is out of work. The rich folks have their Mr. Fusion on day one, the poor folks need gov't subsidies in order to get one and keep their power on, once the transition is complete. Etc, etc...

188 "Why do you assume inflation will happen? If the private sector doesn't expand what, pray tell, will cause that inflation?"

Just off the top of my head, all that money Obama is printing up to pay for all his programs.  You know, the money HE DOESN'T HAVE.

189 Nom de Blog - might be they're running out of typical Dem economic tricks, so they might just pull out a Repub one, eventually, like no capital gains taxes for 6mos-1yr. Then the growth would come. Even dipshits get something right once in awhile.

190 >>AmishDude at March 18, 2009 07:56 PM (i01iV)

Dude, give it a rest. We get your point. Engineer, smart. Lawyer, dumb.

The lace wig bot is less predictable.

191

A few people in the Senate wanted to put some degree of control on the TARP money. And Obama threatened to veto.

 http://tinyurl.com/7wajy3

Republicans and Democrats have said they were upset by how the Treasury Department spent the first allotment of $350 billion.

Those voicing concerns said they don't feel like there was enough accounting for where the money went. Some Democrats also said homeowners facing foreclosure aren't getting enough help.

Obama made clear that he doesn't want to issue a veto as one of his first actions in office, but he insisted that he has no choice, the senators said.

 

So now we see more bonuses going to Freddie and Fannie, and Obama will be shocked that such a thing could have happened.  Shocked! It must be Bush's fault, or maybe Rush's.

 

192 GarandFan,

Do you expect the private sector to expand with all the economic uncertainty government is creating?
With all the government borrowing you don't expect private sector borrowing to be crowded out of the market?

See my #171 above.

I expect we're in for a Lost Decade -- no mean feat.
It'll kill the Baby Boomers' retirement.
But I don't see inflation at all.

193

Golly.  You'd think a community organizer wouldn't have these problems.

As for Steele, given the way he's performed since winning the job, staying out of sight might be the best thing he could do.

194 "If, as I do, you assume private sector growth will not happen in large part because of the intervention you rightly deride -- no inflation because no growth."

Then please explain the stagflation of the 70's, which previous generations of economists had described as impossible for what seem like exactly the same reasons you've offered.

195 Evening folks -- FYI from Drudge:

HE REAL AMERICAN IDOL: OBAMA SETS PRIMETIME NEWS CONFERENCE, TUESDAY, MARCH 24, 8:00PM ET... DEVELOPING..

196 OT Reuters:

Some Guantanamo prisoners could be released in U.S. says Holder

197 @Nom de Blog

You make a valid point and I don't disagree.

I suppose my argument comes from a perspective of time, ie, after the lost decade comes growth, right? (again, I am not suggesting that this is a good thing). It's relative according to time.

As I said above, if the growth comes, it will not come from our current economic engines because of a) the situation we're in and b) Obama's *cough* "management".

198 uh oh -- this is the opposite of Jane Hamsher and Glenn Greenwald's JournaList tested meme that Dodd was being unfairly blamed.

199 hark, I wonder if Fox will show Obama? or American Idol?

200 Obama just said at his campaign stop (has anybody told him yet he won?) that all this fussin' and fightin' and blamin' is just a distraction, and the buck stops with him!

Okay, then YOU resign, Mr. Tired Party Boy Metrosexual Cheap Ass President! YOU resign!

201 "Because they could not use sound judgment ..."

That's from "MRS. SOUND JUDGEMENT PELOSI"

Dude ... these guys lecture people worse than any Christian Conservative I know of.

202 I'm not a Shepard Smith fan, but he verbally raped Dodd and Frank this afternoon - more than once.  It was magnificent. 

203 >>I expect we're in for a Lost Decade -- no mean feat.
It'll kill the Baby Boomers' retirement.
But I don't see inflation at all.

I do. We are pouring trillions of freshly minted dollars into circulation. The only way we won't see any inflation is if the Fed times the removal of dollars perfectly with the uptick if the economy. Not impossible, but highly unlikely.

Still, preferable to a depression.

I agree, we may be in for a lost decade. Been saying that for a while. What Obama is doing is eerily like what the Japanese did in the 90's. But that doesn't preclude inflation.

204 Me thinks the tree of liberty - she be needin waterin.

205 196 OT Reuters:

Some Guantanamo prisoners could be released in U.S. says Holder

Posted by: CharlieChan at March 18, 2009 08:41 PM (+sBB4)

Yay! At least we know who will be filling those Treasury jobs! 

195 Evening folks -- FYI from Drudge:

HE REAL AMERICAN IDOL: OBAMA SETS PRIMETIME NEWS CONFERENCE, TUESDAY, MARCH 24, 8:00PM ET... DEVELOPING..

Posted by: Anti-Harkonnen Freedom Fighter at March 18, 2009 08:40 PM (5r0Tz)

Hmmm...

Remarks as prepared for the teleprompter:

My fellow Americans. As you know, we are facing an unprecidented economic situation, thanks to my predicessor, his party and the Joooos. This situation calls for unprecidented action. To address this crisis, Congress, in a secret session, as given me emergency powers. With these new powers, I hereby declare myself Emperor of the United States for life. Joe Biden will remain Sheriff and I encourage you all to comply, since you don't want to mess with Joe. I am also appointing Tony Rezco to replace Timmmay! as SecTres, William Ayres and SecDef and, since Hillary screwed up the button, Rev. Wright will replace her as SecState.

These 4 leaders have a list of everyone who voted for John McCain in the election, compiled by ACORN. They will be rounding up all these voters and transporting them to reeducation camps outside the country in a territory called Alaska. All of these peoples assets will be redistributed to the other 52% of the country in order to address our economic crisis.

Also, I have surrendered the U.S. to Russia, with the agreement that I will still be in charge. Thanks to their new found respect for us, they have agreed to this condition; though I still don't understand why they were laughing about it.

Peace of Allah be upon you all that voted for me. Goodnight.

206 A new song for Barry:


I look at you all in the media
See the love there that's for me
While my teleprompter gently weeps
I look at my ass and I see it needs kissing
Still my teleprompter gently weeps
I don't know why but nobody told you
I'm nothing but an empty suit
It's like someone controlled you
Like they bought and sold you
I look at the world and I notice I'm in over my head
While my teleprompter gently weeps
With every mistake I'm still not learning
Still my teleprompter gently weeps
I don't know how but you must be diverted from my mistakes
You must be perverted too
I'll have the media invert the truth for me
No one will alert the public to my mistakes
I look at you all see the love there that's
sleeping
While my teleprompter gently weeps
Look at you all...
Still my teleprompter gently weeps.

207 Obama is certainly lowering those high expectations.  Needs to blow it on something personal to really connect with people, so he can share their pain and growth with them into the 2012 election. 

208

I'm not sure it's 52% anymore.

It never was. Why else would Obama give ACORN a role in collecting information for the Census?

Payoff?

Nahhh!

209 JackStraw,

Americans are saving a whole bunch of those dollars. And companies are hoarding cash like mad.

I just don't see all the dollars the Fed is creating getting into the system given the decrease in the velocity of spending.

210 Whores.

211 wedding dresses and lace wigs will no doubt drive the recovery...

212 Doesn't the Bible's end game start with bankers weeping, buyers saving, and greed from leaders?

213 Our president should give dodd the medal of freedom as soon as he gets back from caliphornia where mental midgets are singing Obama while the magic negro denigrates republicans and gives the signal to ACORN that now is the TIME bros.

214 >>Americans are saving a whole bunch of those dollars. And companies are hoarding cash like mad.

>>I just don't see all the dollars the Fed is creating getting into the system given the decrease in the velocity of spending.

I agree. But the dollar is in perilous territory. A week ago, the Euro was about 1.25 to the dollar. Today it is 1.34 and climbing. China can yank our chain in a heart beat, and they might just decide that's in their interest. Obama, for all his charm with the goateed Starbucks crowd, is not making friends or scaring anyone and with Soros in his cabinet, I see the dollar weakening. For the first time in my lifetime, the dollar is being negatively considered as the standard. The Fed is going to be buying all the ink the NYT no longer needs.

I hope I'm wrong but I have no confidence in anyone in monetary policy right now with the possible exception of Bernanke. I see inflation or deflation or worse, an alternating case of both for the foreseeable future.

In any case, I agree with you. I see a decade of pain before we are back on normal footing.

215 Short summary of printing more money, effect thereof.

The amount of money in the system represents the amount of value in the system (supplies, inventories, service-hours, etc, etc.)

The value of a dollar is total amount of dollars divided by the total amount of value.

Teh old-farts term is "inflation" (see also Zimbabwe, inter-war Germany, the USA between WW II and The end of the Reagan years.

216 More evidence Obama is on a serious incompetence roll

Notes Rohrabacher absence

By CAROL E. LEE AND AMIE PARNES

In his opening remarks at Wednesday’s Orange County town hall meeting, Obama acknowledged Loretta Sanchez ...

... the Democratic California congresswoman who is attending the event. The crowd cheered.

Then he noted that the Fairgrounds where he’s holding his meeting is actually in Republican Rep. Dana Rohrabacher’s district. The crowd booed.

Obama talked over them to apologize that Rohrabacher wasn’t there and scolded his staff for not extending her an invitation soon enough for her to make it.

217 I just don't see all the dollars the Fed is creating getting into the system given the decrease in the velocity of spending.

You don't loose $11 Trillion of wealth and get a sudden increase of prices. However, it's not just the US. Remember most of the industrialized world is acting out in the same way; bailouts for everyone. In the short term, we're looking at deflation, but in the long run these actions will have consequences:

    * loose US monetary policy, the discount rate being lowered to less than 1%
    * loose fiscal policy
    * $3 ~ 10 trillion financial bailouts if we include interest.
    * IMF bailouts of countries for other countries; Iceland, Pakistan, etc.
    * loose monetary policy for all major central banks of the world

A lot of the increase of commodities over the last several years was because of foreign government intervention in the commodities markets. More money being dumped into that system again with world-wide interest rates a record lows is building another bomb.

218
149 of course Geithner knows where the bodies are, how the fuck does he get that gig with his tax evasion problems, without having that map?
Posted by: UncleFacts..
WeArSoFkd

219

So, are you guys stocking up?  On what? I'm not talking gold.  Some of us can't afford gold. 

I have seen on several other blogs where people are keeping their give aways, etc., because it will be easier to trade, then to buy.

I'm stocking up on regular light bulbs.  Won't be able to buy those suckers soon. /off

220 ...Rohrabacher wasn’t there and scolded his staff for not extending her an invitation...

Psst, AHFF. 'She's' a he.

221 It's like a fight over the last valium backstage at Cage aux Folles, with the screaming and the hairpulling...

Ask Gabe. He'll explain it.

222 221 funny - either Politico's Carol Lee is lying or Obama sees each gender in all of us, including Dana.

223

Looks to me like the next person under the bus will be Chris Dodd. Everybody is expendable when the mission is protecting The One.

 

224 Obama talked over them to apologize that Rohrabacher wasn’t there and scolded his staff for not extending her an invitation soon enough for her to make it.

What an idiot...Dana Rohrabacher is a man...did he really say this?

225 Scrappleface:

As the furor over AIG executive bonuses threatened to bring the current economic recovery to a halt, President Barack Obama and Sen. Chris Dodd today threw fuel on the fire, announcing their “fierce outrage” upon hearing that the insurance giant had given each of their campaigns more than $100,000 last year.

“While AIG was collapsing, and her executives crawling to DC with hat in hand,” said Sen. Dodd, D-CT, “my campaign, and then-Senator Obama’s were getting what can only be termed influence bonuses from the same firm. Naturally, I knew nothing about this, and I’m now seething with anger at the injustice.”

226 Nom-

>>You don't loose $11 Trillion of wealth and get a sudden increase of prices. However, it's not just the US. Remember most of the industrialized world is acting out in the same way; bailouts for everyone. In the short term, we're looking at deflation, but in the long run these actions will have consequences:

* loose US monetary policy, the discount rate being lowered to less than 1%
* loose fiscal policy
* $3 ~ 10 trillion financial bailouts if we include interest.
* IMF bailouts of countries for other countries; Iceland, Pakistan, etc.
* loose monetary policy for all major central banks of the world

>>A lot of the increase of commodities over the last several years was because of foreign government intervention in the commodities markets. More money being dumped into that system again with world-wide interest rates a record lows is building another bomb.

See that. He used many smart words to explain what my small brain and lack of engineering degree can't form. I'm gonna hire him as my spokesperson when I become king.

I will be busy eating peeled grapes.

227

O'Dumbo is a liar. Reid is a liar. Peeloshi is a liar. Dodd is a liar, Frank is a ????.

Every democrat in the federal government should resign today. Voting for a trillion dollar unread pig in a poke is all the justification anyone should need to fire them.

228 either Politico's Carol Lee is lying or...

Or Carol Lee's just upholding the longstanding journalistic tradition of farkfaced dumbshittery.

229 Wow.  The Politico story just changed.  now the second "her" has been changed to "him"

Notes Rohrabacher absence

By CAROL E. LEE AND AMIE PARNES

In his opening remarks at Wednesday’s Orange County town hall meeting, Obama acknowledged Loretta Sanchez ...

... the Democratic California congresswoman who is attending the event. The crowd cheered.

Then he noted that the Fairgrounds where he’s holding his meeting is actually in Republican Rep. Dana Rohrabacher’s district. The crowd booed.

Obama talked over them to apologize that Rohrabacher wasn’t there and scolded his staff for not extending her an invitation soon enough for him to make it.

230 The wheels on Barry's bus go thump, thump, thump....

More Demos taking sides, Turbo Timmah or the Cretin Dodd? Looks like Timmah will be the chosen roadkill.

MSM: Palin got discount on tanning bed.

231 adamthemad-

I find you intriguing.

You are a wise and cunning human. I wish for you to join my administration. You will live a longer and more fuller life serving me.

And I promise, if I am forced to terminate you, it will be quick and painless. Mostly. Well, for me anyway.

Get me a grape.

232 As one of the Airline pilots affected by this admin's stunning reversal on the policy of weapons in the cockpit, I have to laugh.

Back when I was in the military the sign of a very weak leader was that he acted on the advice of the guy who got to his ear last.

Meaning he had no core beliefs or philosophies: he just sailed on the prevailing wind ( I know, odd analogy for an Air Force guy).

Congrats, USA: you just got the world's shittiest General.

233

Ok, someone needs to ask the obvious. Would you let a Brownie Scout be alone with Dodd? I bet his interns are third graders.

 

234 You are a wise and cunning human. I wish for you to join my administration. You will live a longer and more fuller life serving me.

Sure, as long as you can get me posting privileges.

235 Why wouldn't there be inflation?  If the money supply increases, then prices will increase by a corresponding amount.  The connection is easy to see.  But why should economic growth be required for there to be inflation?  Sure, an increase in demand for any particular thing will increase its price (until the supply of that thing increases or until substitutes are found), but that is not the same as inflation.

236

throw the bums out !!!111 eleventy!!!!???()()

 

damn Ginger and her boots again,  be in my bunk

237 "The 'Bad Chris' did yesterday's interview, Wolfman, and he's the one who inserted that bonus language. He did it for the 'Bad Obama,' not the 'Good Obama' who is so damned upset! Shit. My eyes are fluttering again. Damn. Damn Damn. Dana and Wolf, I'm going to tuck you both a little something in the third or fourth stimulus bill we draft. Barry wants you to go wild with it.....eeeerggggggh, errrrrghhhh...I'm Billy and I've come out to help Barry....keep your goddamned dick in your pocket, Da...Wolf, or I'll cut it off....eeeeergggggh, errrrrghhhhhh...."

238

"Three fifths of Barton, Wolf, the room was spinning and I was telling you shit just to get your attention. Then everything went black."

239 Croaker,

The money supply is not just the number of dollars printed, as I'm sure you're aware. It's the number of dollars in circulation. And if that velocity of that money slows form say 12 times a year to 8 times a year, then the money supply could be increased by 50% without changing the number of dollars in the market chasing the (short-term assumed) fixed number of goods.

However if growth is zero, as it was in Japan for 15 years (not sure why it's the lost decade but then the Hundred Year War -- anyway) then the velocity of that money will not increase quickly. If the velocity doesn't increase then we shouldn't expect inflation. If the velocity increases slowly then we would expect the Fed to act to contract the money supply to keep the ratio relatively stable (e.g. raising interest rates or changing bank holding requirements).

If we boom, then the Fed's tools will be inadequate to fight the inflation that many others foresee. I'm more pessimistic than that. I think Obama will break the investment class and we'll see system-wide slower growth than we have since 1945.

240 ok back

241 Nom de blog,

Yes, you are right that the velocity of money is also important.  I have a question:

Did the Japanese gov't try to increase the supply of money?  I know they dropped interest rates to near zero, and that that didn't help.

In any case, you will agree that the Japanese temperament is is much different from the American temperament;they save, we don't.  That should make a difference.  Is there any evidence of cash hoarding as a poster above (may have been you) suggested?

242 >>Sure, as long as you can get me posting privileges.

Ok, you called my bluff.

Just a moron commenter. Nope, no juice here.

Got any grapes?

243 If Geithner is thrown under the bus, who will replace him?

I hope it's that fat fool Christina Romer, who looks like Little Lotta of comic book fame.   I can't wait to see her giggling in front of Congress as she testifies about how everything is peachy-keen.

244 Croaker,

Dropping interest rates to zero does increase money supply. Do you remember all those worrisome opinion pieces about the low savings rate in the US relative to Japan in the late 1980s and early 1990s. The Japanese people responded rationally (in the exact same way Americans are doing now**) and hoarded cash. The efforts of the Japanese government were ineffective.

BTW, the Japanese also pumped billions into their banking system. That failed too. Government programs have a long history of failing in these matters. That's part of the reason I'm a conservative who believes big government is an evil -- a true evil.

** Go look up the rates. We've gone from saving zero (or perhaps somewhat less than zero when you consider all the equity taken out of housing) to saving several percent. I think it was 3% last time I looked but haven't looked in two or three weeks.

245 Well you guys just confused me even more than I was before. So, umm, thanks?

246

@33 - Coach K. of Duke put out a statement telling Obama to quit wasting time doing March Madness picks on ESPN and to fix the economy instead.  He apparently didn't appreciate Obama's prediction that Duke would lose in the Elite 8 while arch-rival UNC would win it all.

Well... as a conservative who disagrees w/ Obama on all things political, I must sieze this opportunity to reach out in a bi-partisan way:

I hope dook fails! Go Heels!

247 Paranoid --

Assume that I'm giving the best case scenario: ten years of ZERO growth in GDP with modest inflation.

Assume others above were giving a worse case scenario: very high inflation that would overwhelm any growth at all.

248 "All else would have been forgiven, short of a glowing hole where Manhattan used to be. "

The glowing hole is next year. But don't you dare say terrorists did it.

249

The democratic party has become a baby with a gun at the cocktail party and all the stupid dems sit around and talk about how cute the baby is.

SHOOT THE FUCKIN BABY!!!!

250 No worries Napolitano, we'll be sure to use the new politically correct "man made disaster" phrase. Because we all know terrorists are really just friends we haven't met yet.

251 And politico fully changes the story to have him and him for Dana:

Notes Rohrabacher absence

By CAROL E. LEE AND AMIE PARNES

In his opening remarks at Wednesday’s Orange County town hall meeting, Obama acknowledged Loretta Sanchez ...

... the Democratic California congresswoman who is attending the event. The crowd cheered.

Then he noted that the Fairgrounds where he’s holding his meeting is actually in Republican Rep. Dana Rohrabacher’s district. The crowd booed.

Obama talked over them to apologize that Rohrabacher wasn’t there and scolded his staff for not extending him an invitation soon enough for him to make it.

252 COCKSUCKER DODD CAN EAT SHIT WITH ALL THE REST OF THESE LAZY FUCKING LYING CONGRESSIONAL ASSHOLES.  AND THIS CLOWN, THE "PRESIDENT" CAN LEAD THE WAY.

253

And if it werent for you meddling gutter mouthed bloggers, they wouldve gotten away with it!

No but seriously, they will totally get away with it.

ACORN, MOve-On, Jon Stewart, ABCNBCCBS still run the show. City unions, Bruce Springsteen.

Just like the founders intended.

We're fucked with a baseball bat, with a spit lube at most.

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