Mercury Rising 鳯女

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Archive for November 27th, 2010

But is it any weirder than what he says all the time?

Posted by Charles II on November 27, 2010

The Glenn Beck Conspiracy Generator gave me this:

Whereas this is what he says all the time (Glenn Beck Insane-O-Matic Quote Generator):

”There are a lot of universities that are as dangerous with the indoctrination of the children as terrorists are in Iran or North Korea. … We have been setting up reeducation camps. We call them universities.”
—Glenn Beck, Glenn Beck show on FOX News Channel, Sept. 1, 2010

”You got to have an enemy to fight. And when you have an enemy to fight, then you can unite the entire world behind you, and you seize power. That was Hitler’s plan. His enemy: the Jew. Al Gore’s enemy, the U.N.’s enemy: global warming. Then you get the scientists — eugenics. You get the scientists — global warming. Then you have to discredit the scientists who say, ‘That’s not right.’ And you must silence all dissenting voices. That’s what Hitler did.”
—Glenn Beck, linking Al Gore’s campaign against global warming to Hitler’s campaign against the Jews, ‘The Glenn Beck Program,’ April 30, 2007

”When I see a 9/11 victim family on television, or whatever, I’m just like, ‘Oh shut up’ I’m so sick of them because they’re always complaining.”
—Glenn Beck on his radio show, Sept. 9, 2005

And much, much more.

Posted in Busheviks, eedjits, false prophets, Flying Monkey Right, Fox Noise, rightwing moral cripples | Comments Off on But is it any weirder than what he says all the time?

American Politics published my hippie punching piece

Posted by Charles II on November 27, 2010

I was so preoccupied that I didn’t notice (and give thanks for) the decision of American Politics Journal to republish a post I had done on “hippie punching.”

Thanks, APJ, and Gene Gaudette who has been its publisher through some dark times indeed!

Posted in hippie punching | 1 Comment »

Shortening the DeLongation

Posted by Charles II on November 27, 2010

Brad DeLong has an interesting post–endorsed by Krugman himself– on the evolution of the financial crisis. Yet, for all of the theater of breast beating and cries of mea culpa, DeLong manages to miss the point.

He starts from the well-known proposition that the entirety of the financial crisis rests on the building of 5 million homes which should not have been built. This is the basic problem: if we invited five million well-to-do Brazilians (or whoever) to come and live in those homes and pay the mortgages, the problem would have been solved– even despite all the grubby dealings at the ratings agencies, the investment banks, and so on. Five million houses at a builder debt averaging $100,000 comes to $500 B. Although this is a lot of money, it’s 3.5% of our ca. $14T GDP, an amount the government could easily cover.

Nor was it even necessary for the well-to-do foreigners to actually come and live in the houses. As long as they purchased the mortgages through CMOs and CDOs, the problem would have been distributed across the world. Since the world economy is $80 Trillion, it would have been even more easily borne. There was a hitch. The investment banks had treated the mortgages as if they were as certain to pay off as top rated government debt in order to borrow even more money. In some cases, they borrowed 30 times their actual holdings.

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Posted in economy, financial crisis, mortgage crisis, wrong way to go about it | 5 Comments »

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