THOUGHTS ON A RAINY SUNDAY

The last week of January.
A rainy Sunday.
And relatively warm it is.

But we will light a fire anyway. And work on this or that task. And mix the drinks. And cook a pizza on our new ‘stone’.

And think about and comment on what in the world is going on.

A few of our perspectives on this ‘n that:
1 Folks are uptight about allegedly excessive executive compensation. The b.o. Administration likes to crucify American capital – the movers and the shakers – the N.G. ones – non-governmentals –

They are convenient whipping persons for this President.

he declares that Wall Street and bankers, etc., should not be paying allegedly excessive compensation to their folks at a time they are taking ‘bailouts’ and not granting floods of loans to peter and paul.

He says little, nothing, about the federal policies of encouraging, underwriting, even coercing said financial institutions into granting credit to folks who had not a chance of paying it back.

Imagine that! Not taking responsibility or telling the whole story. And then blaming the continuing credit crunch on the evil ‘captains of industry’. Not a word about barney or fannnie or freddie.
And not a word about not making clear to the job creators, the small business owners, of what will be their tax responsibilites during the great era of b.o. high-tax salvation.
Not a flaming word.

Imagine that.

And not a word about getting ready for a new flood of credit failures on loans already out there, failures which have not yet hit the fan.

Why indeed should banks, etc, that have suffered from loan lunacy now be leery of granting new loans without greater security requirements.
Why indeed?

Now where have I heard that term, that phrase before, the ‘captains of industry’? Oh yes, those were the evil characters of American history: Rockefeller, Carnegie, James Hill, J.P. Morgan, Henry Ford, etc., all those evil villains who did so much to weaken and destroy the United States of America.
I know, I have named only the industrialists, but that is because they are the ones I am most familiar with.
And they are relevant because they are the ones who enjoyed a symbiotic relationship with the bankers, the ones I cannot name off the top of my head, a relationship which allowed both sides of the economic aisle to prosper, the one earning for the other.
On second thought, I did name J.P. Morgan.
Yeah!

2 Heavenly day, the United States Supreme Court has declared that there should be no limit on free speech in the American political arena.

The ACLU does not know what to do.

Politicians are flabbergasted that such a ruling should ever be handed down, in spite of the fact that it corrects an unconstitutional, irrational law passed by the United States Congress [say what?] and despite the fact that the big-league donors will be required to report their political contributions for all to see.

The phrase is FREE SPEECH. It is not to be encumbered, especially in the area of politics.

3 national dem health care conniptions: Thank You, God, for whatever happened in Massachusetts.
Our hope at The Study is that b.o. and harry and nancy will press on with even grater vigor in their defiance of common sense and the American voter.

Do what you have to do guys – fight on – do a political kamikaze and good riddance to the lot of ye.
As the Scots might say, Do not haste ye back!

4 osama has taken credit for the underbomber of Detroit. May it be so. Our hope at The Study is that there will be a few more underbomber attempts in which they blow up their own midsections and nothing else whatever, thereby exposing the b.o. homeland security effort for what it is – far, far less than effective.