Should Western Powers Intervene in Libya? Part II | Main | So, We're Going To War In Libya
March 18, 2011

Eggs, bacon, toast, and a nice hot cup of DOOM!

Just some quick hits today:

Victorville, CA: Boned!

Dingy Harry: Don't sweat Social Security! All is well! We've got two decades before we have to worry! By the way, and on a completely unrelated note, I'll probably be dead by then so what do I care if it collapses or not?" (Translation: LA LA LA LA I CAN'T HEAR YOU LA LA LA.)

Speaking of Social Security: Means-testing won't do shit to solve the problem because you'd have to define "rich" so far down that someone barely making $50K per year would have to be shoehorned into the "rich" basket to make means-testing have much impact. (The problem isn't that too many rich people get SS; the problem is that too many poor and middle-class people get it.) It would also expose the program for being the wealth-transfer welfare program it's been all along. (There is some good news hidden in the Social Security bad news, though: Americans are living longer. I'll be able to slave away in the salt-mines until I'm ninety, at this rate! Yay me!)

Teh Krugman finally notices something that has been obvious to most of us for a long time now: The Obama Administration really doesn't give a damn about the unemployed. We can infer this by the fact that nothing Obama has done so far is intended to grow the economy -- every action Obama has taken is intended to expand the reach of the government and the welfare-state. (Of course to Krugman this means MORE GOVERNMENT SPENDING!!!!!, but this also is something we all knew without having to read a word he wrote.)

The sovereign-debt crisis has moved to the back pages in the wake of the natural disaster in Japan and the unrest in the Middle East, but it didn't just go away: Portugal is next in line on the ECB's bailout train. It's becoming a rule of thumb in the Eurozone that a bailout becomes inevitable a couple of days after the leader of the country gives an interview assuring everyone that they definitely won't need a bailout. Spain is next in line, and that's the end of the whole farce, really: there isn't enough money in the whole Eurozone to bail out Spain.

And in other DOOM!-related news: Japan has conceded that the last resort to solving the nuclear-meltdown threat at their crippled Fukushima nuclear plant will be to adopt the "Chernobyl Solution": bury the site under many tons of sand and concrete, and then build a lead-lined crypt over it. The massive need for Yen liquidity on the part of the Japanese government has caused a spike in USD-JPY spreads, but the Yen is sinking back down as the liquidity move completes.

[UPDATE]

More good news: New York Fed confirms intervention in currency markets. Everybody on the money train, baby! (h/t MarkC in the comments.)

[UPDATE 2]

Cost of living in the US is the highest in history. Combine that with high unemployment and record-low labor participation, and what do you have? Obamanomics, baby! Break out your boogie shoes and dance the night away! (Via Instapundit.)


Homeless cat ain't gonna lie. Homeless cat has had some problems in his life. Homeless cat has made some bad decisions. Homeless cat needs some money, and Homeless cat is probably gonna spend the money on booze. Maybe some Night Train or Mad-Dog 20/20 to chase the bad dreams away. Homeless Cat has problems, but he ain't making no excuses.

(I stole this bit from one of the commenters yesterday. If this is yours, remind me and I'll give a shout-out.)


digg this
posted by Monty at 09:06 AM

| Access Comments




Recent Comments
Skandia Recluse: "[i]It's actually overall a pretty good bill given ..."

Bander proctoring a test: "[i]If you had a list of what you DO PAY TAXES FOR ..."

BurtTC: "BREAKING NEWS: ABC News has learned the location w ..."

Minnfidel: "Corrupt mother fuckers gotta corrupt. ..."

Skandia Recluse: " Tax Bill Sucks. -- I never had any doubt. ..."

buzzsaw90: "Like a good overlord Deep State is there ..."

Marcus T: ""Tax Bill sucks. Glad some people are seeing throu ..."

cicero Kaboom! kid: "16 strip them of their pensions now. I don't pay t ..."

Senator Bob Menendez: "Guilty as sin, free as a bird. ..."

Tom Servo: "Re: the Romans; remember that the 3rd century saw ..."

#neverskankles : "Where are the GOPe flunkies to tell me how great t ..."

runner: "Greed, from top to bottom is to blame. From the br ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64