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Even as Comcast Prepares to Sell, Or Shut Down, Toxic Propaganda Network MSNBC, MSNBC's Ratings Crash to Lowest Level in 20 Years
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March 06, 2009
The Barack Obama Sell-Off ContinuesCan we blame this on Obama? Sure can. At the very center of our economic near-depression is a credit bubble, a housing collapse and a systemic failure of the entire banking system. One can come up with a host of causes: Fannie Mae and Freddie Mac pushed by Washington (and greed) into improvident loans, corrupted bond-ratings agencies, insufficient regulation of new and exotic debt instruments, the easy money policy of Alan Greenspan's Fed, irresponsible bankers pushing (and then unloading in packaged loan instruments) highly dubious mortgages, greedy house-flippers, deceitful homebuyers. Shorter version: He's fixing the things that do not need to be fixed -- and even if they need to be fixed, they can certainly wait -- while he fucks about doing nothing much at all to stanch the economic bleeding. But he claims that "fixing" health care is what the economy needs. Funny, health care wasn't "fixed" ever before and yet we've had prosperity in most years. Thanks to Mom. And Here's What Obama is Up To: From Kaus, but actually quoting Ross Douthat: Obama's spending proposals would ... create new spending commitments and run up large deficits, in the hopes that the dollars poured into health care and education will create a new baseline for government's obligations, which in turn will create the political space for tax increases on the middle class. Like the starve-the-beast approach, the Obama strategy puts off the hard part till tomorrow: Give them tax cuts today, conservatives said, and they'll swallow spending cuts tomorrow; give them universal health care, universal pre-K, subsidies for green industry and all the rest of it today, liberals seem to be thinking, and they'll be willing to pay for it tomorrow. ... Even if one concedes that this is a legitimate ideological goal for The Leninist One to pursue, should he be pursuing it so vigorously when there's a thirty percent chance of the economy turning into a depression? Yeah, thirty. A commenter tells me the economist who previously figured it at 20% has now upped it to 30%. It was 20% when the markets lost a quarter of their value; now that they've lost 50%, it's a 30% chance. Roger Kimball is starting to wonder if this isn't mere incompetence but rather the whole plan.
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Even as Comcast Prepares to Sell, Or Shut Down, Toxic Propaganda Network MSNBC, MSNBC's Ratings Crash to Lowest Level in 20 Years
The Hunter Biden Pardon Has Stripped Bare the Democrats' Years-Long Preening About How They're the Party That "Respects the Rule of Law" Whistleblower Claims That FEMA Skipped Entire Neighborhoods If They Sported Three or More Trump Signs; House Republicans Demand Inspector General Investigate Update: Biden Decrees $1 Billion in Aid for Storm Victims -- For Africa South Korea's President Declares Martial Law -- But the Parliament Cancels It on a 190-0 Vote Flashback: When Taylor Lorenz Freaked Out About People Not Wearing Masks and "Rawdogging The Air" With Their Particles The Morning Rant: Reflections Edition Mid-Morning Art Thread The Morning Report — 12/3/24 Daily Tech News 3 December 2024 Monday Overnight Open Thread (12/2/24) - Doof Search
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