I went into the debate expecting a meltdown of epic proportions for Sarah Palin. She has been unable to put together coherent sentences in interviews in the past weeks. One would naturally assume that this debate was going to be the equivalent of a goat heading to slaughter. If you watched the debate, you would know that it wasn’t the case. I once again viewed this year’s Presidential debates from Pace University’s Schimmel Theater in New York City where almost everyone was an Obama supporter.
Also filed in Politics
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Tagged 2008 debate, biden, debate, joe biden, palin, sarah, sarah palin, veep, veep debate, vice debate, vice president, vp debate
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Monday, September 29, 2008
The House defeated the $700 billion bailout plan today and the Dow Jones responded by dropping 777 points–777.68 to be exact. This was the largest single day drop ever. Analyst and politicians may start blaming the people for being non-supportive of this bill but, the market had to fall. It was up or held steady because of speculation that a bailout was coming and due to the naked short selling bans. The market is now merely doing what it is supposed to do: find equilibrium.
Also filed in Economics, Public Policy
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Tagged 700 billion bailout, 777 dow jones collapse, bernanke, depression, economic crisis, free markets, great depression, house crisis, inflation, paulson, recession, stock market collapse
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Sunday, September 7, 2008
It was just a matter of time before Fannie Mae and Freddie Mac became nationalized. Secretary Henry Paulson had pledged the full faith of the United States government behind these two bankrupt institutions to try and calm investor’s fears. Fannie and Freddie lost over 90% of its stock value since the beginning of the year and is holding onto at least a trillion dollars in bad mortgages–$5 trillion in total mortgages.
Also filed in Economics, Politics
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Tagged fannie mae, fannie nationalize, fannie take over, fnm, fre, freddie mac, freddie nationalize, freddie take over, nationalization, take over
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Wednesday, September 3, 2008
I watched most of the Rally for the Republic online. I couldn’t make it to Minneapolis for a variety of reasons. I really considered going but, it didn’t pan out. While the majority of our news media covered this event in a bad light or just completely ignored it, this piece from Russian TV does a good job.
McCain has a picked his VP and it was a shocker to me. Sarah Palin, Governor of Alaska, is the running mate for John McCain. The first thing I thought was, “he picked a woman”. Strategically, I think this is a pretty good move for the Republicans. I initially thought McCain wouldn’t stand a snowflake in hell of a chance against Obama. As the political process went on, they got more and more similar. Now our choice is between young minority and experienced politician or experienced politician and young minitory.
Wednesday, August 27, 2008
The great civil protectors in Denver saved its citizens from the incredibly dangerous ABC News producer for taking pictures of Senators and VIP donors.
Russia and Georgia had a brief war–or what was Russia whooping Georgia’s ass. I’ve talked about this war before and I am not on Georgia’s side. Georgia was the aggressor. Georgia attacked an independent state. One that has been independent from Georgia since the 1990s. After Russia cast a vote to recognize South Ossetia and Abkhazia as independent states, President Bush and the majority of the U.S. media is crying foul.
China’s embrace of capitalism is throughly impressive but, we shouldn’t forget that all governments are inherently evil. In order for China to have built all the facilities necessary for the Olympics, eminent domain was used to take away people’s homes. Two of those victims are Wu Dianyuan and Wang Xiuying. They applied for permits to protest in the government designated “protest zones”–much like our “free speech zones”. Because of “repeated attempts” to protest, these two elderly women could be spending the next year in a RTL–Re-education Through Labor–camp.
Wednesday, August 20, 2008
Shawn Johnson has impressed me since I first saw her compete at these Olympics. It is easy to see that Shawn is an excellent gymnast–her performances are spectacular and she comes through under pressure. On top of her physically abilities, I am even more impressed by her metal attitude. She had fallen just short of Gold quite a few times but, always finished with a big smile on her face. You could never tell if she was upset or disappointed or feeling any other negative feeling. She always wore a big bright smile.
I can’t wait to see this movie. It is based on the short story by Kurt Vonnegut that portrays a dystopian society where everyone is finally equal–equally mediocre. Egalitarianism is an ideal of impossibility and naivety. For the entire world watching the Olympics right now, obviously we aren’t all equal. 99% of all people on the planet are no where near as physically talented or gifted as they are. They are extraordinary and it’s a good thing.
