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March 2009
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Wednesday, March 18th
Cramer Vs. Cramer Vs. Stewart

I watched the Jim Cramer/Jon Stewart prize fight the other day in utter amazement.

Jon Stewart seemed to go beyond blaming Cramer for dishonest reporting (a bit of a stretch given his proof). He seemed to blame Cramer (and by extension financial reporting) for the entire economic downturn. People lost money and therefore people who are reporting on financial matters must be to blame. What?

Humanity, for all its complexities, are actually remarkably simple social creatures. Markets are social institutions and are driven by said simple social creatures and bring out two basic emotions. Fear and greed. I would add that financial networks play into these two emotions. In good times, they stress good news (greed). In bad times, they stress bad news (fear). Nobody will watch shows that stress bad news when the news is not bad. And no one will watch shows that stress good news when the news is not good. Blame the network's advertisers for wanting ratings. Or blame the people who watch the show who want what they want when they want it. To just blame the financial reporters (many of whom actually DID have reports about problems leading up to the downturn) is just dumb. Think I'm wrong? When was the first time you heard the term 'real estate bubble'. I heard it at least 5 years ago.

The system is so sick because the system was let to get sick. Its simple. If we want true capitalism, limit regulation the way we have done the past 10 years. But then live with the horrible results that would come while letting banks fail. There's no doubt that the free market blowhards are correct. The market would eventually correct itself. But it would be brutal for most Americans. The suffering during that correction would be monumental. I'd prefer we regulate better and have a government assisted transition out of these situations. If you want to call it socialism, fine by me. Unless you have seven digits spread across multiple FDIC insured banks, you should be fine with it too.

And we're not out of this yet. Get over AIG and the bonuses and let Obama announce his big bank bailout plan already. It's all this public outrage that is holding it up. And until it's fixed, we will continue to have economic uncertainty.

If we want the simple social creature to go back to feeling greed, it has to give up on fear. But more importantly, it has to give up on anger.

Written by Adam on 03.18.09 @ 12:31 PM EST [more, entry#205 ] [6 Comments, entry#205]
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Thursday, February 26th
Uh Oh Elephants

Massive increases in government domestic spending and tax increases for the nations rich?

Politics is a pendulum. The harder it is pulled right, the harder it swings back left. In the mean time, the nation's Republicans seem to be having a collective brain aneurysm.

Or maybe it was just Bobby Jindal. Oh Bobby... Such a promising career. Too bad you said such stupid, hypocritical things all the while sounding like Kenneth from 30 Rock.

RIP Bobby Jindal's political career. 1996-2009.
He probably won't be missed.

Written by Adam on 02.26.09 @ 01:49 PM EST [more, entry#204 ] [10 Comments, entry#204]
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Sunday, February 22nd
Good Luck With All That

A number of Republican governors are refusing some of the payments of the stimulus package. So, fresh off their recent losses, the Republican strategy going forward seems to be some strange mix of ideology and pride? Hmm, I wonder if voters will approve of their governors refusing money.

My favorite response from the Democratic Governors are "They don't want? We'll take it." He he.

You got to hand it to them though. The Republicans really are ferociously going after that 25-30% of people out there who agree with their thinking and would vote for them anyway.

Written by Adam on 02.22.09 @ 03:15 PM EST [more, entry#203 ] [8 Comments, entry#203]
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Thursday, January 22nd
GHOPE

Written by Adam on 01.22.09 @ 10:01 PM EST [more, entry#202 ] [1 Comment, entry#202]
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Thursday, December 18th
Message to America: Get Off His Ass Already!

Not yet President Obama has been President now for about negative 33 days and people are all already up in his mug about a bunch of complete bullpoop. I mean people are actually and genuinely outraged at Obama for:

1. Not having enough Southerners in his cabinet.
My response: Really? Is that your nitpick? Southerners? Are the Southerners feeling like they're being discriminated against by the black guy? Really? And haven't Southerners controlled the country more or less since like 1976? Get over yourselves (hey wait, I'm a Southerner. I have to get over myself).

2. His kids going to a private school
My response: Really? You care that much about his kids? Or do you feel like the self-made, son of a single mom who worked his way through school working hard for everything he ever got is an elitist? Either way, you're an idiot.

3. He HAS to get his Puppy from a Shelter
My response: Really? You're thinking about what dog he's going to get? Why not be more worried about the fact he needs more Southerners in his cabinet. At least then i'd believe you have a brain in your head.

4. He has to be more open about the Gov of Illionois Scandel:
My response: Really? He has to be more open about the thing he's not at all implicated in or had anything to do with? Didn't the Gov call Obama an MF'er for not playing ball? Stop being an idiot.

5. Having a pastor at his inauguration that is against abortion and gay marriage.
My response: Really? How many pastors do you know that are down with abortion and gay marriage and aren't associated with the Church of the Green Hippie Crystal? None. I guess you're mad that he has a pastor at his inauguration. Get over it.

I don't think you can overstate how badly the last administration has left the state of affairs. Give Obama some time and maybe he can stop everyone in America from losing their job and the country getting purchased in a fire sale by some prince in Dubai. Get off his ass about the other stuff.

Written by Adam on 12.18.08 @ 05:29 PM EST [more, entry#201 ] [2 Comments, entry#201]
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