Wednesday, March 26, 2008

Crotch Politics is Poison

Someday Americans will grow up and stop obsessing about every politician’s crotch. Who really gets hurt when Governor Elliot Spitzer pays prostitutes plenty, President Bill Clinton gets Oval Office hummers, Senator Larry Craig does the men's room tango with undercover cops, Mayors Kwame Kilpatrick (Detroit) or Gavin Newsome (SF) work out their marital infidelities on the job, or Senator 'Diaper' David Vitter gets his diddy changed by chump-change whores? This is not the public's business.

That’s not to say we’ll ever stop thinking about sex. Male, female, or transgender, sex is a major and natural component of our daily lives. All of us will continue to fantasize about having sex with friends and total strangers. Admit it, you do it. I’m simply suggesting that someday we’ll accept such thoughts as natural and move on to issues that actually matter more in our daily lives.
Hopefully those will include adequate education and health care for all, the beneficent state of our environment and economy, and the cultivation of positive relationships with the peoples of other lands. But until that time — and especially now, during the political season — Americans are going to focus on politician's crotches and the two issues we find most important today:
Is Obama gonna ‘get with’ our women?
Does Hillary have snappers in her coochie?

Fear of a Black Cock has many white American men in a total twitter, frothing with unspeakable cuckold-lust-fear in their hearts as they picture their daughters, wives and girlfriends doing the horizontal mambo with the tall handsome black man running to be leader of the free world. Likewise, straight women and gay men across this proud land are gazing at the man who would be President and imagining doing a whole more than sharing a beer with him.

There is a long human history of men pimping out their female family members to the King. Your wife or daughter with the monarch’s bun in the oven has been and remains a sure route to power and success, and everyone knows it whether they say so out-loud or not. It doesn’t matter whether the Top Banana is elected or appointed by God, he’s the Leader of the Pack and we worship him and his power.
With the Kevin Spacey-like George Bush as President, that wasn’t too frightening a concept, especially when compared with the prodigious appetite of William Jefferson Clinton, but this time out the issue is complicated by our inherent cultural racism.

Irrespective of where we stand on the country's numerous racial divides, irrespective of how many times each of us might have said all people are all the same, too many of us believe that whiter is better.
America’s bimbo-class, of which most of us are unacknowledged card-carrying members, doesn’t aspired to be Sally Hemmings. We’re inclined to think of ourselves (on an unacknowledged or even unconscious level) as agents of free will, making rational compromises for our future success.

The calculus of interracial, sexual politics, where the straight white guy ends up on the bottom, just does not compute. Frankly it scares the bejesus out of the Average-Joe, white-guy. The funny thing is that white women aren’t weak-kneed in the same fashion, hence Obama's strong support among the pale distaff half.

The other factor playing barely under the covers in this Presidential race is the terror of Vagina Dentata. ‘That Woman’ scares the lead out of the pencils of most Republican meat-puppet pundits and their enablers. The same can be said of the rest of the wimps who fear and loathe their mothers and blame all their problems on Hillary 'Rod-man' Clinton. More on this later...

Friday, March 07, 2008

From bad to worse on the economic front.

It was announced today that the Federal Reserve (Banking) System has agreed to issue $200 Billion in funny money to shore up the collapsing American banking system.

In part, this infusion of cash will be backed by downward-bound mortgage-based bonds.

To explain, this means the Fed (a both privately and publicly owned system that nominally operates in the public benefit) has agreed to assume the bad debt the banks currently hold.

Inevitably the publicly-owned portion of the Fed (taxpaying suckers like you and I) will be left holding the now empty bag while the privately-owned portion of the Fed skips merrily off with all the cash.
For the sunny propaganda version of this story, read the Bloomberg article at

Coupled with this lovely bit of news are a few more critical readings from the financial world today, the last of which are words of encouragement from Ben S. Bernanke, chairman of the above referenced Federal Reserve, and when the Chair of the Fed – capitalism's number one cheerleader – says banks should voluntarily write off equity, you know the caca has hit the fan):
The Disappearing Job Market
TPM — In what is the most recessionary jobs report since the last official downturn in 2001, payrolls fell 63,000 last month, and were down 101,000 in the private sector, according to today’s report from the Bureau of Labor Statistics. Unemployment actually ticked down slightly, from 4.9% to 4.8%, but this was wholly due to labor force withdrawal. Employment in the more volatile survey of households—the one from which the unemployment rate is drawn—fell over 250,000. The payroll contraction was the largest loss in almost five years...

Equity at 63-Year Low
Time Magazine — The Federal Reserve said Americans' percentage of equity in their homes fell below 50 percent for the first time on record since 1945. That marks the first time homeowners' debt on their houses exceeds their equity since the Fed started tracking the data in 1945...

One in Ten Out of Equity
TPM — The latest numbers are out: One in ten homeowners has no equity in the family home. The data show that about 15% will be below water if prices continue to slide, owing more than their homes are worth.

So what's the plan here? One in ten homeowners could just walk away right now. Indeed, most of them, if they were the rational maximizers so prominently featured in classical economic analysis, would stop paying now, put the money in a savings account, and wait the 90 days or two years or whatever until the lender could force them out by foreclosure. In non-recourse states, they could just pocket the money and walk away free and clear. In other states, they might need bankruptcy or a last-ditch deal with the lender for a short sale. The economics shift when the homeowner has no equity to protect...

Fed Chief Urges Breaks for Some Home Borrowers
NY Times — The chairman of the Federal Reserve, Ben S. Bernanke, urged mortgage lenders and investors on Tuesday to reduce the principal on loans for many people whose homes are no longer worth as much as the amount they still have to repay.
Noting that delinquency and foreclosure rates have soared over the last year, and that housing prices have not stopped falling, the Fed chairman warned that efforts by the government and by industry to prevent foreclosures had not gone far enough...

Late Breaking News!! ...of the 'oh no, oh no, oh no' variety{4B702F7F-41F8-45F0-A133-630F12F2C764}
Oil to Double in Price?!
Market Watch — Goldman Sachs caused an uproar today as they raise the possibility of $200 a barrel oil in the not too distant future...

Monday, March 03, 2008

crap yerself!