Mercury Rising 鳯女

Politics, life, and other things that matter

Archive for June 8th, 2010

Happy Now, Rahm?

Posted by Phoenix Woman on June 8, 2010

Rahm’s best girl, fellow corporatist Blanche Lincoln, has survived a primary challenge from the left — and from a candidate, Bill Halter, who had a much better shot at winning the general election than she did.

Rahm, you know, this sounds a lot like what happened when you backed Ed Case over Colleen Hanabusa not that long ago — Hanabusa had the better shot, but she was too much of a real Democrat for you, so she had to go even if it meant letting Neil Abercrombie’s seat go to a Republican. Then again, letting a seat go to a Republican was a price you’ve always been willing to pay to keep an actual Democrat out of Congress, isn’t it Rahm?

Greg Sargent has more.

Posted in corporatists, DINOs | 3 Comments »

The will and the way

Posted by Charles II on June 8, 2010

The IMF, for all its deficiencies, is fairly good at economic forecasts, perhaps if only in comparison to the financial news biz. So it is of concern to read this by Shamin Adam of Bloomberg:

Risks to the global economic outlook have “risen significantly” and policy makers have limited room to provide support to growth, International Monetary Fund Deputy Managing Director Naoyuki Shinohara said.

Most advanced economies are experiencing a “subdued” recovery, Shinohara said in a speech in Singapore today. “A key concern is that the room for continued policy support has become much more limited and has, in some cases, been exhausted.” [emphasis added]

It’s the latter point that, back in 2008 when Paul Krugman was running around saying, “Spend money! On anything! The world as we know it is coming to an end!”, I pointed out to him that this was very unwise. True, the financial meltdown was extremely dangerous and may yet end in a Great Depression. Also true that preventing damage to the real economy requires spending money. But spending money on anything?

Read the rest of this entry »

Posted in economy, financial crisis, stock market | 3 Comments »

While Everyone Was Piling On A Person Not Named Pat Buchanan Or Bill Donohue For Alleged Anti-Semitic Comments….

Posted by Phoenix Woman on June 8, 2010

The survivors of the USS Liberty observed the forty-third anniversary of the deaths of their comrades:

After surveilling USS Liberty for more than nine hours with almost hourly aircraft overflights and radar tracking, the air and naval forces of Israel attacked our ship in international waters without warning. USS Liberty was identified as a US naval ship by Israeli reconnaissance aircraft nine hours before the attack and continuously tracked by Israeli radar and aircraft thereafter. Sailing in international waters at less than five knots, with no offensive armament, our ship was not a military threat to anyone.

The Israeli forces attacked without warning and without attempting to contact us. Thirty four Americans were killed in the attack and another 174 were wounded. The ship, a $40-million dollar state-of-the-art signals intelligence platform, was later declared unsalvageable and sold for scrap.

(sarcasm mod) Hey, but who cares about that? Look, Helen Thomas got ambushed by the son of a right-wing nutjob who posts videos of himself doing racist impressions of Mexicans on his website! Catching her off-guard is much more important than a bunch of old guys and their dead murdered buddies, Right? (/sarcasm)

Posted in hypocrites, IOKIYAR, israel, Sad things | 5 Comments »

The Biggest Woofers Are Often (If Not Usually) The Biggest Bluffers

Posted by Phoenix Woman on June 8, 2010

Word has come to me of the ongoing implosion of the financial empire of someone who — locally, at least — is generally depicted as invulnerable and unstoppable in a Borg-like way, as well as possessing a reputation for financial genius that is increasingly contradicted by reality. The implosion’s so catastrophic that the local corporate snooze media may eventually be compelled to notice it.

I can’t talk any further about it, but let’s just say that it’s a classic case of what you get when you try to apply Ayn Randism in the real world.

I’m heating up the popcorn as we speak.

Posted in big money, capitalism as cancer, eedjits | 9 Comments »

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