Archive for June 4th, 2008

McCain’s Louisiana Lying

Raise your hands if you’re at all surprised.  From the Obama campaign:

During a press conference today in Louisiana, Senator McCain was asked why he twice voted against creating a commission to investigate the government’s response to Hurricane Katrina.  McCain responded, “I have supported every investigation and ways of finding out what caused the tragedy.”  However, Senator McCain has voted against such measures on multiple occasions.  In response, Obama campaign spokesman Hari Sevugan issued the following  statement:

“Whether he simply wasn’t aware of his voting record again or he was intentionally misleading the people of Louisiana, John McCain certainly isn’t offering us ‘leadership you can believe in.'”

McCain Said He Supported “Every Investigation” Into the Government’s Response to Hurricane Katrina. During a press conference today in Louisiana, McCain was asked why he twice voted against creating a commission to investigate the government’s response to Hurricane Katrina.  McCain responded, “I have supported every investigation and ways of finding out what caused the tragedy.” [Fox News Channel, 6/4/08]

McCain Repeatedly Voted Against Establishing A Commission To Study The Response To Hurricane Katrina. In 2005 and 2006, McCain voted against proposals to establish a Congressional commission to examine the Federal, State, and local government response to Hurricane Katrina in U.S. Gulf Region.  Both proposals were sponsored by Senator Clinton.  [S. Amdt. 2716, Senate Vote 6, 2/2/06; S. Amdt. 1660, Senate Vote 229, 9/14/05]

I’m hoping that by November, “Straight Talk Express” will be nothing more than a punchline.  I am very, very happy that the Obama campaign is attacking McCain’s honesty, and spotlighting his undying loyalty to The Worst President Ever.

Honesty and independence are the McCain brand, and without them he has nothing but anger and war and lobbyists.  So if Obama can strip those positives away from him, he can pretty much forget about the Moderate/Independent/Undecided/Reagan Democrat vote.  He’ll have to rely on Dubya’s Twenty-Eight-Percenters, and they don’t trust him much either.

June 4th, 2008 at 09:00pm Posted by Eli

Entry Filed under: Elections,Katrina,McCain,Republicans,Wankers

Why Didn’t I Think Of This???

It’s brilliant on so many levels…

If millions of Christians suddenly disappear from the face of the Earth as the opening act for Armageddon, Threat Level thinks most nonbelievers will be too busy freaking the hell out to check their e-mail. But if they do log in, now they can be treated to some post-Rapture needling from their missing friends and loved ones, courtesy of web startup YouveBeenLeftBehind.com.

For just $40 a year, believers can arrange for up to 62 people to get a final message exactly six days after the Rapture, that day when — according to Christian end times dogma — Christians will be swept up to heaven, while doubters are left behind to suffer seven years of Tribulation under a global government headed by the Antichrist.

“You’ve Been Left Behind gives you one last opportunity to reach your lost family and friends for Christ,” reads the website, which is purportedly run “by Christians, for Christians.” The domain name is registered through an anonymous proxy service, presumably to protect the proprietors from the Forces of Darkness, and not because they’re up to anything shady.

The e-mails will be triggered when three of the site’s five Christian staffers “scattered around the U.S.” fail to log in for six days in a row — a system that incorporates a nice margin of safety, should two of the proprietors turn out to be unrepentant sinners or atheists.

Users can also upload up to 150 megabytes of documents, which will be protected by an unidentified encryption algorithm until the Rapture, then released to up to 12 nonbelievers of your choice. The site recommends that you use that storage to house sensitive financial information.

“In the encrypted portion of your account you can give them access to your banking, brokerage, hidden valuables, and powers of attorneys,” the site says. “There won’t be any bodies, so probate court will take seven years to clear your assets to your next of kin. Seven years, of course, is all the time that will be left. So, basically the Government of the Antichrist gets your stuff, unless you make it available in another way.”

Of course, some of us would  sooner trust the Antichrist with our stuff than turn it over to a company that hides behind an anonymous domain registration service, and doesn’t list a single corporate officer or employee by name on its website.

The company, You’ve Been Left Behind LLC, didn’t respond to an e-mail query, raising the obvious question of whether the Rapture has already begun. Developing …

Awesome.  They sound totally trustworthy to me.  I’m sure all the security measures are to ensure that no-one unscrupulous kidnaps the staffers to trigger those e-mails prematurely.  Yeah, I’m sure that’s it.

2 comments June 4th, 2008 at 07:03pm Posted by Eli

Entry Filed under: Coolness,Religion,Technology

Thank You, L.A.!

For not electing an insane white supremacist to the judiciary.

Or Richard Nixon.

(h/t kirk murphy)

June 4th, 2008 at 11:17am Posted by Eli

Entry Filed under: Elections,Judiciary,Racism,Republicans

Gramm Smasher

Texas Observer explains how McCain’s economic adviser is personally responsible for the mess our economy is in today.  My favorite parts:

That Gramm is now advising the Republican nominee for president on economic matters “shouldn’t give people a lot of comfort,” says University of Maryland law professor Michael Greenberger, a senior official at the Commodity Futures Trading Commission in the late 1990s. “Gramm has been a central player in two major economic crises—the credit crisis and the incredibly high price of energy. … He’s got his fingerprints all over legislative efforts that led to this.”

(…)

His critics say that Gramm’s anti-regulatory rhetoric failed the bulk of his constituents—which included thousands of hapless Enron employees who lost their life savings—but lavishly rewarded a few wealthy pals, like Ken Lay. University of Texas economist James Galbraith says Gramm is “not against government at all. His career has been finding ways to make money for his friends. It’s a predator relationship. [Government] is his food supply.

(…)

When his new party won control of the Senate, Gramm rose to chairman of the Senate Banking Committee, where he was able to put his anti-regulation views into law. The Gramm-Leach-Bliley Act of 1999 repealed laws put in place after the Great Depression setting up protective barriers between commercial banks, investment banking firms, and insurance companies.

Consumer groups strenuously opposed the landmark legislation. “It was strongly deregulatory and … did not address safety and soundness,” says lobbyist Ed Mierzwinski of the public interest group U.S. PIRG.

(…)

Banks had been chipping away at the barriers through Federal Reserve rules for decades. But Gramm’s sweeping deregulation “stripped away restraint,” says Broome.

While Gramm denies any link between the current subprime mortgage crisis and his legislative efforts, Mierzwinski, Broome, and even some Wall Street analysts trace a direct connection.

Michael Panzner, a Wall Street veteran and author of Financial Armageddon, says the massive deregulation encouraged “aggressive, swashbuckling, high-risk practices that might have been frowned upon in the banking industry, but which were viewed as typical, say, on Wall Street.” Eventually, those practices “became the modus operandi throughout the financial services industry.”

Panzner also believes that Gramm-Leach-Bliley “may have even set the stage for both the collapse and the subsequent ‘rescue’ of Bear Stearns by the Federal Reserve.” The deregulated financial services industries were “encouraged to push the envelope in terms of risk-taking, and were not entirely dissuaded from thinking that the public purse would be available if things went horribly wrong.”

Still others blame Gramm’s Commodity Futures Modernization Act. Prior to its passage, they say, banks underwrote mortgages and were responsible for the risks involved. Now, through the use of credit default swaps—which in theory insure the banks against bad debts—those risks are passed along to insurance companies and other investors.

Maryland law professor Greenberger believes credit default swaps “were a key factor in encouraging lenders to feel they could make loans without knowing the risks or whether the loan would be paid back. The Commodity Futures Modernization Act freed them of federal oversight.”

I especially like how the economists can’t agree on which piece of awful Gramm is responsible for the subprime meltdown.  And this is the guy who could be McCain’s Secretary Of The Treasury.

What could possibly go wrong?

2 comments June 4th, 2008 at 07:17am Posted by Eli

Entry Filed under: Economy,Elections,McCain,Politics,Republicans,Wankers


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