Archive: 2008

Self-Esteem

★ A wise person once said

Low self-esteem is a gift that keeps on giving.

- Kevin Pereira

This is very true, as I experienced this phenomenon first hand during the great Oahu Blackout of ’08.

Decline

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★ Take what we’ve learned from the economy and apply it to other areas.

Patiences

★ I’m clearly not patient enough to work with idiots.

That is all.

Motivational Poster of the Week

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★ This is how my friday feels.

Santa

Comic #398

★ The perks of the job

Lipstick on a Pig

★ I have had girlfriends in the past who seem to have open budgets for their makeup products. As a guy, I’ve accepted that I will never understand this. But how the hell do you spend that much on hair and makeup in 2 months on ONE person!.

The RNC paid $110,400 on hair and makeup artistry on Sarah Palin for her two months in the sun.

Plus $55,000 more for clothes.

(ed.note: Let me stipulate that the title refers very broadly to the insufficiency of expenditures on superficialities to compensate for Palin’s shortcomings as a candidate.)

TPM nailed it again.

The Problem

★ It is deeply disturbing to me that a person like Sarah Palin, who didn’t know that Africa is a continent and not a country, got that close to the highest office of a global superpower. Clearly there is a problem with our government. I know that this is not news by any stretch of the imagination. But Sarah Palin has shown just how dangerous it is. To think that a person who doesn’t know the countries in NAFTA could’ve been our president is very disturbing. This got me thinking about how we got to this place in politics.

I’m gonna use an analogy. Lets say our government is a car. Every 4 years we get a chance to redesign this car however we want it. We can customize this car to best suit us for the road ahead. When the GOP designed their new concept car, lets call it the “Mavrick”, they slept on some critical engineering decisions. They decided to invest all of their resources in a really shiny bling’d out hood ornament. They were so proud of this shiny new hood ornament that represents their brand like a logo, but they forgot the engine. I’m sure they thought that it would be fine. They would just throw some leather and wood trim inside, cut the price, and America will buy it. If they want the car to move the Republican party will just push it.

I’m not picking on the GOP because they are not the only ones guilty of this in the past. But the days of thinking its okay to nominate bling over a high-tech electric engine are over.

It was a good day

★ A very good day. I’m proud of my country, especially my generation that saw this grass-roots movement through to the end.

This is why batman and superman will never make a movie together

★ This is exactly why a Superman & Batman movie will never happen.

The Ball & Chain

★ A Wall St. Journal poll of registered voters shows that Palin is now officially the ball & chain to McCain’s campaign. Respondents where asked to pick their two greatest concerns about McCain from a list. 34% named Palin as their biggest concern.

Now, Palin’s qualifications to be president rank as voters’ top concern about McCain’s candidacy — ahead of continuing President Bush’s policies, enacting economic policies that only benefit the rich and keeping too high of a troop presence in Iraq.

Motivational Poster of the Week

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★ Envy……. apparently it also has red arrows hovering over its head.

Joe six-pack

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★ Is this the ‘Joe Six-Pack’ that Sarah Palin was talking about?

Obama Tax Calculator

★ I’m consistently impress by Obama’s use of the internet during this campaign. Here is a cool Tax Calculator widget that shows how much you will save on taxes.

taxcut.barackobama.com

Palin as President

★ Sarah Palin scares me…This actually frightens me.

PalinAsPresident.com

Numbers

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★ Triple digits get really interesting.

Sarah Palin Debate Flow Chart

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★ This flow chart is surprisingly accurate. I think you could also apply this to her interview strategy.

Death Ray

★ I agree with John Gruber, It’s very hard to dispute this logic:

I’m not saying Secretary Paulson is Lex Luthor. I’m just saying $700 billion is exactly enough to build a death ray.

@badbanana

Bankruptcy, not bailout, is the answer

A statement by Jeffrey A. Miron, a lecturer in economics at Harvard, in opposition to the bailout. He thinks the bailout is a terrible idea and this is why.

The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. The government implicitly promised these institutions that it would make good on their debts, so Fannie and Freddie took on huge amounts of excessive risk.

Worse, beginning in 1977 and even more in the 1990s and the early part of this century, Congress pushed mortgage lenders and Fannie/Freddie to expand subprime lending. The industry was happy to oblige, given the implicit promise of federal backing, and subprime lending soared.

This subprime lending was more than a minor relaxation of existing credit guidelines. This lending was a wholesale abandonment of reasonable lending practices in which borrowers with poor credit characteristics got mortgages they were ill-equipped to handle.

Once housing prices declined and economic conditions worsened, defaults and delinquencies soared, leaving the industry holding large amounts of severely depreciated mortgage assets.

The fact that government bears such a huge responsibility for the current mess means any response should eliminate the conditions that created this situation in the first place, not attempt to fix bad government with more government.

The obvious alternative to a bailout is letting troubled financial institutions declare bankruptcy. Bankruptcy means that shareholders typically get wiped out and the creditors own the company.

Bankruptcy does not mean the company disappears; it is just owned by someone new (as has occurred with several airlines). Bankruptcy punishes those who took excessive risks while preserving those aspects of a businesses that remain profitable.

In contrast, a bailout transfers enormous wealth from taxpayers to those who knowingly engaged in risky subprime lending. Thus, the bailout encourages companies to take large, imprudent risks and count on getting bailed out by government. This “moral hazard” generates enormous distortions in an economy’s allocation of its financial resources.

Motivational Poster of the Week

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★ Sexism is wrong, no matter how fun it is.

White

★ Observation: White, skin tight pants, is NOT a good color for girls to wear to the gym.