Tuesday, August 31, 2010

You might be a liberal

If you know gender is a social construct, but have no idea where electricity comes from,
you might be a liberal.

If you think the "evil" of Stalinist regimes is overstated and the tyranny of America is never stated enough,
you might be a liberal.

If you believe portraying Bush as the Joker is political satire, but portraying Obama as the Joker is racist,
you might be a liberal.

If you believe Glenn Beck is an extremist because Keith Olbermann told you so,
you might be a liberal.

If you believe that hurricanes are caused by people, and that crime is caused by the environment,
you might be a liberal.

If you think that treating all people equally, regardless of race, is racist,
you might be a liberal.

If you burn tons of carbon to attend a global warming conference that only sanctions the cleanest nations on Earth,
you might be a liberal.

If you think everyone would agree with you if they were open minded, and you refuse to listen to any other possibility,
you might be a liberal.

If you believe that a mosque should be built at Ground Zero, but Jews shouldn't build apartments in East Jerusalem,
you might be a liberal.

If all of your political arguments contain the phrase, "It's Bush's fault,"
you might be a liberal.

If you believe that Pro-Life violates the right to privacy, but you want to ban french fries,
you might be a liberal.

If you believe that immersing a crucifix in urine is fine art, but depicting the prophet Mohammed is insensitive,
you might be a liberal.

If you think the problem is that Obama is just too darn moderate,
you might be a liberal.

If you spend your day telling people that a border fence can't work, and then drive home to your gated community,
you might be a liberal.

If you think Sarah Palin was too inexperienced to be VP but that Obama had plenty of experience to be President,
you might be a liberal.

If you think the Right needs to be rounded up in camps to prevent them from acting like Nazis,
you might be a liberal.

If you think credit card companies are evil when they lend money, and mortgage companies are evil when they don't,
you might be a liberal.

If you think people have too many kids, and that those kids need to pay for your Social Security,
you might be a liberal.

If you think the Government should be obsessed with race, but no one else should ever mention it,
you might be a liberal.

If you think banks earning money on interest is wrong, but paying interest to China on the national debt is just peachy,
you might be a liberal.

If you think subsidies are an entitlement, tax cuts are a gift, and liberty is a controlled substance,
you might be a liberal.

If you totally hate haters, and wish those bastards would just die,
you might be a liberal.

Hat tip: Stormbringer.

Wednesday, August 25, 2010

Tolerance versus Suicide

Tuesday, August 24, 2010

God bless the infidels

Bored yet?

There's still nothing interesting to report about the S&P 500 Index, which remains stuck in the channel between 1010 and 1130.


The recent second flirtation with the 1130 level makes that upper resistance line all the more significant - if the S&P 500 crosses above that threshold then a continuing rally is likely. On the other hand, a drop below the 1055 level would leave 1010 as the last line of defense from a free-fall.

Tuesday, August 10, 2010

Short term forecast

The key stock market level appears to be about 1130 on the S&P 500 Index.

If the market can rise above that then a rally is likely to follow.

Monday, August 09, 2010

Bomb, baby, bomb

August 6th and 9th are the 65th anniversaries of the atomic bombings of Hiroshima and Nagasaki that ended World War II in 1945. Today I give thanks that hundreds of thousands of Americans and millions of Japanese did not die in an American invasion of Japan.

Among the Americans who were spared from being cut down on the shores of the Japanese home islands was my maternal grandfather; he landed in Normandy on D-Day with the American Army, and probably would have been sent to the Pacific theater by 1946 had Japan not surrendered. My mother and five of her siblings, who were all born after he returned from the war, just might owe their very lives to the atomic bombs. I, for one, will never apologize for them.

Friday, August 06, 2010

The money's not here.

If you think that your bank account is 100% safe and accounted for, then think again.



Today most Americans feel confident that their savings and checking accounts won't disappear because they're insured by the FDIC. That used to be a sure thing up until a couple of years ago, but due to all of the recent bank closings and rescues, the FDIC is now in debt $20 billion. If the U.S. Treasury had money to spare then this wouldn't be a catastrophe, but the federal government is in debt $13 trillion, and is adding another $1.5 trillion of debt this year. Were the economy to recover soon then increased tax revenues could at least allow the national budget to stabilize and limp along at its current debt level, but recent news is revealing the "Summer of Recovery" to be a mirage:
  • June job losses were larger than previously reported (220,000 lost instead of 125,000)
  • The total unemployment rate including part-time workers looking for full employment and people who have given up looking for jobs is now 16%.
  • The budget shortfalls of states and cities are getting worse nationwide.
  • A whole new round of residential and commercial foreclosures looms.
In other words, the financial system is not yet out of the woods and government needs more and more money to maintain the status quo, but taxpayers have less and less money to give.

The money's not here.