Without comment. The idiocy stands on it's own: (remember this oldie but goodie?)
"This year I was really a player," Feith said, thinking back on 2002 and relishing the memory. I asked him whether, in the end, he was at all concerned that the Geneva decision might have diminished America's moral authority. He was not. "The problem with moral authority," he said, was "people who should know better, like yourself, siding with the assholes, to put it crudely."
As Atrios says, "who could have predicted"?
ORLANDO, Fla. -- A recent survey that found some Florida teens believe drinking a cap of bleach will prevent HIV and a shot of Mountain Dew will stop pregnancy has prompted lawmakers to push for an overhaul of sex education in the state.
The survey showed that Florida teens also believe that smoking marijuana will prevent a person from getting pregnant.
State lawmakers said the myths are spreading because of Florida's abstinence-only sex education, Local 6 reported
Karl Rove discussing real patriotism:
In a recent interview with GQ, former Bush adviser Karl Rove criticized Sen. Barack Obama (D-IL) for “not wearing a flag lapel pin,” saying that “to a lot of ordinary people, putting that flag lapel pin on is true patriotism.”Real patriotism = wearing a lapel pin? Unfortunately Rove is correct. Judging by the polls, I'd guess that about 30% of the public thinks that true patriotism lies in wearing a flag lapel pin. They may be driving a car that gets 2 mpg, in debt up to their eyeballs, loyal Faux watchers, bigoted as all-get-out, but they've got that pin on!
Just for the record, the media (and John McCain) have it wrong .... again .... still.
In the recent Shiite dust-up in Iraq, it was Maliki subordinates who undermined Maliki and sued for peace, via Iran, with al Sadr. McCain and the media are incorrectly claiming that al Sadr sought the ceasefire.
It really is astounding that with hundreds of thousands of lives and trillions of dollars on the line, our intrepid media is clueless about the politics of the middle east. Simply using google would clear up a lot of errors. But then they might not get invited for those delicious cocktail weenie parties.
Atrios makes an excellent point today. He postulates that Americans don't support mass transit because most Americans really have no idea what quality rapid transit is like.
Bill Clinton, despite his Presidential "indiscretions" had the opportunity to retire with a decent reputation among liberals. He was off to a good start making a career as a relatively young man in international politics. But then Hillary ran for President:
Bill Clinton had "one of his famous meltdowns" at a weekend meeting with 15 superdelegates, according to the San Francisco Chronicle, "blasting away at former presidential contender Bill Richardson for having endorsed Obama, the media and the entire nomination process."Clearly Bill Clinton's guilt vis a vis Hillary Clinton is monumental.
Said one attendee: "It was one of the worst political meetings I have ever attended."
When asked about Richardson, "it was as if someone pulled the pin from a grenade... The former president then went on a tirade that ran from the media's unfair treatment of Hillary to questions about the fairness of the votes in state caucuses that voted for Obama. It ended with him asking delegates to imagine what the reaction would be if Obama was trailing by just 1 percent and people were telling him to drop out."
Whoa .....
Illinois Sen. Barack Obama is surging in Pennsylvania, according to several new polls. In one survey, released by Public Policy Polling this morning, Obama is now leading New York Sen. Hillary Clinton for the first time, 45 percent to 43 percent. That represents a closing of a 26-percentage-point Clinton advantage from only two and a half weeks ago.Now the disclaimers. I have no idea of the track record of this poll and the lead is certainly within the margin of error. Other polls show Clinton maintaining a lead.
The infamous memo written by John Yoo justifying the President ordering torture has finally been released. Here's a key graf:
"If a government defendant were to harm an enemy combatant during an interrogation in a manner that might arguably violate a criminal prohibition, he would be doing so in order to prevent further attacks on the United States by the al Qaeda terrorist network. … In that case, we believe that he could argue that the executive branch's constitutional authority to protect the nation from attack justified his actions."So, even if it's criminal, the Preznit can do whatever he wants if he feels threatened enough.
Democrats Hillary Clinton and Barack Obama slammed potential White House opponent John McCain on the economy on Tuesday, accusing the Republican of favoring the wealthy and turning his back on struggling workers and middle-class families.
The Democratic presidential contenders, campaigning in Pennsylvania ahead of their April 22 showdown, took a break from attacking each other to portray the Arizona senator as uncertain and untested on economic issues.
.... were never spoken. This quote is taken from a financial newsletter and is talking about the American financial system. But as you read it, think willingness to pay taxes, sacrifice on energy policy, live modest lifestyles, and on and on and on:
We all know Adam Smith as the author of the bible of capitalism, The Wealth of Nations (1776). But he first wrote what is arguably a far more important book, The Theory of Moral Sentiments, from which the quote that heads this month's newsletter is drawn. America is rushing headlong into the 21st century without a proper understanding of what economic policies and financial tools are going to be required to prosper in a changing world. For more than two decades, the United States economy has favored financial speculation over production. Over the past century, our legal system had developed an increasingly outmoded concept of fiduciary duty that privileges short-term, single-firm interests over the kind of long-term, society-wide interests that could lead to prolonged prosperity [my emphasis]. The current meltdown in the financial markets is a symptom of a serious disease that is eating away at the stability of our most important institutions. What we are witnessing might well be the end of American financial hegemony, which is the result of a burgeoning global economy.The writer, Michael Lewitt goes on to offer a solution that, if I didn't know better, could have been written by an FDR appointee in 1931. On top of it all, the article appears in a very financially and politically conservative newsletter, albeit in the "Outside the Box" segment.
This is incredibly ironic.
Iran pulls Bush's fat out of the fire and saves the progress of his "surge" by calming the battle between waring Shiite factions (Maliki and al Sadr). Of course to the Iranians, relative peace will likely lead to a withdrawal of American troops. But interestingly, Iran has done nothing to stop the elimination of the Sunni "al Qaeda" in Iraq group.
Gee. I wonder why Iran would do that? You've got to wonder what Saudi Arabia thinks of such a move by Iran and what pressure (oil anyone?) will be brought to bear on the U.S. to permanently stay in Iraq? If Iran continues to be successful in mediating the Shiite civil war, look to the Sunni's to gain increased funding from the Saudi's.
Added: Needlenose makes a very good point about the recent dust-up noting that the brief skirmish was an Iranian field test:
Al-Sadr ordered his Mahdi Army to stand down seven months ago — earning him praise from U.S. commanders and officials. That cease-fire, in theory at least, remains in force. Militia commanders, however, say it was aggressively used by al-Sadr and his top aides to restructure and better arm and train militiamen.Who in their right mind would have ever thought that the recent decline in violence was merely an opportunity to reload?
The commanders, speaking on condition of anonymity because of the sensitivity of the information, said they have recently been taking delivery of new weapons from Iran, including rockets, roadside bombs and mortars. They have also received an infusion of cash and sent militiamen to Iran for training.
"It is a clever ploy," a militia commander in Baghdad's Sadr City district, the Mahdi Army's largest stronghold, said last week. "We can take on anyone in Iraq now."
I think that anyone who knows the Bush administration would already have figured this, but now it's official:
CNBC's Steve Liesman reports on a letter from Treasury Secretary Paulson to New York Fed President Tim Geithner. In the letter, Treasury agrees that the Fed can bill Treasury for any losses from the Bear Stearns deal.That's right. Any losses in JP Morgan buying Bear Stearns will be covered by
As you likely know, the housing crisis is based on sleezy loans made to, often, unqualified borrowers and speculators. There have been charts floating around showing the huge mountain of adjustable rate mortgage (ARM) resets that are occurring, and will occur. Correspondingly, there is a whole lot of fear amongst lenders, investors and recent borrowers that they'll get caught with huge payment increases.
Except ....
Mish, in this post, makes the point that the future likelihood is that resets and mortgage payments will go down. I won't go into the details (you can read his post), but the key point is that the FED, through pumping money into the banking system and lower short term interest rates is finally impacting the benchmark upon which mortgage rates are based. Thus, mortgage interest rates are dropping at the same time that housing prices having been taking a huge haircut. And if the stock market begins to stabilize (and I think it will), long term interest rates will likely fall more. Thus, future ARM resets may actually be lower, not higher.
So why isn't this a good thing? In the short term it is a good thing that will rescue the housing market. With an unlimited money printing press and with the swish of a hand, the FED has likely been able to ease the pain. But. There will be cost in terms of the potential to ignite another bubble. I don't know about you, but I'm noticing a lot of stories in the news about speculators picking up foreclosures. But the larger risk is inflation. By cheapening the dollar with such low interest rates, commodity prices (although correcting in the short term) will inevitably rise. In essence, inflation will be the tax we all pay to get out of the last mess, and the bubblicious tendency of the FED will set the stage for the next mess.
This is the de facto situation in Iraq. The U.S. is irrelevant in Iraq, and Iran is highly influential having brokered the current stand-down in fighting. Maliki's party (not Maliki btw who was undermined by his own buddies) sure had easy access to Iran for being a U.S. ally now didn't they?
Added: Tristero's comment on this development:
Think about that. Four thousand plus American lives have been sacrificed, countless Iraqis have also died, at a financial cost in the multiple trillions and the upshot is not democracy but the spread of radical Shiite islamism. There aren't words in the English language ominous enough to describe how profound a catastrophe this is.It really is an astounding outcome ... a poster child for unintended consequences.
Steven Benen notes a kurffufle that occurred this week between the Republican party and Democratic party over a McCain ad. I think he makes a good point that the RNC is helping the Dems.
But another thing I take away from it is that one of McCain's strategies will be to continuously assert an exaggerated, faux outrage whenever anyone says anything negative about McCain, who after all is a real Amurikan hero! They'll wrap him up in the flag with so much material that they think it will protect him. I don't know if it will work or not, but it will be comical to watch.
I swear our leadership is clueless. This from Huckleberry (Lindsay) Graham this morning:
Now we have a battle with militias who are operating outside the government. … We must win this fight. The militias that we are fighting are backed by Iran. So this is an effort by Iran to destabilize Iraq.Contrast that with this and you can see what a numb skull Graham is. Hell. If anything Iran has played a huge role in re-stabilizing Iraq in the last 24 hours. And Maliki? Seems he has friends in high places:
To our idiot leaders, they're all just rag heads. No seriously. I don't think Graham is spinning. I think he seriously is clueless about the actual politics of the region, lumping anyone who is "against" the U.S. automatically allied with Iran. And the scariest part (aside from being a sitting U.S. Senator) is that Graham is a huge friend and adviser to McCain.Ray Takeyh of the Council on Foreign Relations noted the ISCI [Maliki's party] “was essentially created by Iran, and its militia, the Badr Brigade, was trained and equipped by the Revolutionary Guards” — which the Bush administration calls a “terrorist” organization.
Journalist Gareth Porter added the Badr militia is the “most pro-Iranian political-military forces in Iraq.” In fact, ISCI leader Abdul Aziz al-Hakim “met with [Iranian Revolutionary Guard] officers to be his guests in December 2006, apparently to discuss military assistance to the Badr Organisation.”
Hillary may be vowing to stay in the race, but the most important voters may be sending her a message:
"Sen. Hillary Clinton's cash-strapped presidential campaign has been putting off paying hundreds of bills for months -- freeing up cash for critical media buys, but also earning the campaign a reputation as something of a deadbeat in some small business circles."Of course Hillary will vow to stay in the race to the end .... until she drops out. That's the way of it. If her funding dries up her hand may be forced a bit. After all, it's not like she has some large, decentralized small-donor base like Obama.
The mess in Iraq continues apace. But there's been a diplomatic effort to stop the fighting. Not by the U.S. ... we like guns too much. No, Iran is calling for the fighting to stop fearing that it will delay the exit of the U.S. and weaken the Shiite hand in Iraq.
In response, Sadr has called for a pullback in his militia and Maliki is welcoming it. Given how "surprised" Maliki was at the huge resistance (see: Bush school of leadership) I'm sure Maliki welcomes an opportunity to save face and not loose his ass. Sadr in the meantime is able to declare de facto victory having survived, indeed having actually won, the confrontation.
Isn't about time to cue the Sunni's? Or perhaps a new offensive by Turkey in the north?
Added: A terrific, short, synopsis of the situation. Sadr wins strategically and tactically.
