I fear we may have another Dan Quayle on our hands.
I know why she was chosen. The Republican Party kowtows to the religious right and John McCain, it was feared, doesn't excite that faction enough to insure that they would show up at the voting booth in sufficient numbers. I wasn't worried about her limited foreign affairs any more than voters considered that the criterion when electing Governors Bush, Clinton, Reagan or Carter.
But the McCain camp has kept her hidden. They did let Charles Gibson talk with her first publicly and he threw a low blow asking about the Bush Doctrine. She didn't know what he was talking about. Most people didn't know what he was talking about. That question was made simply to embarass her. Shame, shame.
Now they let Katie Couric loose on her. Katie lobs the ball. And Sarah strikes out.
Thursday night is the Veep debate. All eyes will be watching.
Saturday, September 27, 2008
Friday, September 26, 2008
Thank you, WAMU!
Best response I've heard so far about WAMU.
The Dallas Morning News asked some WAMU customers/morons on the street their thoughts about the epic collapse of Washington Mutual.
"Daniel Pham, a cosmetology student who says he doesn't have a lot of money, seemed to take news of the bank failure in stride.... He said he thought the $700 billion bailout package would give the economy a 'good boosting.'
And he also thought the economic crisis was simply part of this election year's drama and predicted that once votes are cast, 'everything is going to get back to normal,' he said.
Yeah, the almost a trillion dollars that this is going to cost is just part of the "Election year drama" like attack ads and debates. I hope that guy doesn't vote.
The Dallas Morning News asked some WAMU customers/morons on the street their thoughts about the epic collapse of Washington Mutual.
"Daniel Pham, a cosmetology student who says he doesn't have a lot of money, seemed to take news of the bank failure in stride.... He said he thought the $700 billion bailout package would give the economy a 'good boosting.'
And he also thought the economic crisis was simply part of this election year's drama and predicted that once votes are cast, 'everything is going to get back to normal,' he said.
Yeah, the almost a trillion dollars that this is going to cost is just part of the "Election year drama" like attack ads and debates. I hope that guy doesn't vote.
Louisiana Legislator Wants Fewer Poor Kids
A most worthy cause. His solution? Pay poor women $1000 for sterilization.
His suggestion brings up for discussion an age-old topic. Comments always arise about the appearance of the poor having large families. The perception is that the heads of the household living off the public dole are raising an exponential number of future public dolers who will raise another exponential number of future public dolers. Sounds like a Ponzi scheme. This theory has not been proven. But it has not been disproven.
Before the African-American community put stereotypes under a magnifying glass, there are more whites than blacks on welfare. This has been proven.
His suggestion brings up for discussion an age-old topic. Comments always arise about the appearance of the poor having large families. The perception is that the heads of the household living off the public dole are raising an exponential number of future public dolers who will raise another exponential number of future public dolers. Sounds like a Ponzi scheme. This theory has not been proven. But it has not been disproven.
Before the African-American community put stereotypes under a magnifying glass, there are more whites than blacks on welfare. This has been proven.
Thursday, September 25, 2008
Warren Buffett Goes Prospecting
It looks like the Sage of Omaha may have struck gold with this one. He is famous for his buy-on-the-cheap strategy and has invested $5 billion in big-name Wall Street bank Goldman Sachs as the stock price fell to almost 55% below its 52 week high. He'll get preferred stock which pays a 10% dividend. He'll get warrants, which unlike those in the legal community are a good thing in the investment world. They will allow him to buy $5 billion in common stock at a strike price of $115. Goldman closed yesterday at $133. These warrants, if exercised (they will), must be made within the next five years. And best of all (for him) he didn't buy any of the Love Canal mortgage assets.
This is his first drink to satisfy his long thirst for ownership in the financial services sector.
By the way, Mr. Buffett's investment was made through his Berkshire Hathaway buy-and-hold black hole. BRK.A closed yesterday at $133,500. It has never split.
This is his first drink to satisfy his long thirst for ownership in the financial services sector.
By the way, Mr. Buffett's investment was made through his Berkshire Hathaway buy-and-hold black hole. BRK.A closed yesterday at $133,500. It has never split.
Lazyman's Guide To Music Fests
I've been to huge outdoor music festivals from Memorial Stadium in Austin to Texas Stadium to the Cotton Bowl to the Fairgrounds in New Orleans to Goliad, TX, to Atoka, OK, to Zilker Park in (again) Austin. They all have two things in common: generally great music and generally miserable conditions (sun, rain, heat, dirt and porta-potties where no adjective will suffice). I've experienced the "experience." My Barcalounger now beckons.
The festival producers have found the Rosetta stone for the writing on the wall and are now offering upgrades as well as the nominal economy class.
My thrice-visited Austin City Limits Music Festival now has Adirondack seating in the shade, air-conditioned johns with two-ply, unlimited libations, catered meals (menu unknown), an Internet hangout and even a rotating team of ("Yes, we accept tips") masseuses.
But you pay what you get for. Three-day tickets for the hoi polloi are sold out but you can still buy one-day tickets for Friday or Sunday for $80. The three-day bourgeoisie package described is still available for $850. Cheap.
The festival producers have found the Rosetta stone for the writing on the wall and are now offering upgrades as well as the nominal economy class.
My thrice-visited Austin City Limits Music Festival now has Adirondack seating in the shade, air-conditioned johns with two-ply, unlimited libations, catered meals (menu unknown), an Internet hangout and even a rotating team of ("Yes, we accept tips") masseuses.
But you pay what you get for. Three-day tickets for the hoi polloi are sold out but you can still buy one-day tickets for Friday or Sunday for $80. The three-day bourgeoisie package described is still available for $850. Cheap.
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