I posted this on my blog a while back and I think it’s due to post here. With the economy in crisis the way it is I just haven’t had time to keep up with my blogging on Sarah the Liar Palin. Hope you like it. Stop by the blog if you want and remember to support the sponsors, they make it happen. http://twocanpete.blogspot.com/
"Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by a deluge of bank paper, as we were formerly by the old Continental paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs. Prudent men must be on their guard in this game of Robin’s alive, and take care that the spark does not extinguish in their hands. I am an enemy to all banks discounting bills or notes for anything but coin. But our whole country is so fascinated by this Jack o’ lantern wealth, that they will not stop short of its total and fatal explosion." Thomas Jefferson to John W. Eppes, 1814
Almost a poem by Big Jimmie Beaver
If your total resume is: local weather girl, 4 years on the city council and 6 years as the mayor of a town with less than 7,000 people, 20 months as the governor of a state with only 650,000 people, then you’re qualified to become the country’s second highest ranking executive.
McCain canceled his campaign but had to remind us at the Clinton Global Initiative that he’s an “old Navy pilot” and he knows “when a crisis calls for all hands on deck.” * I thought he was channeling John Kerry ( see image ) and expected him to salute. Barney Frank picked up on McCain’s imagery saying he’s going to airdrop himself into Washington. ** McCain is turning the efforts to resolve our financial crisis into a campaign opportunity and an unfunny Pythonesque Flying Circus. Sadly he’s no John Cleese and his partner is no Michael Palin.
Do you know what a credit default swap is? Neither does Wall Street apparently, even though the investment banks and brokerages sliced and diced them, traded them, loaded down their customers with them and — who knows? — perhaps converted them into nutritious, high fiber snacks and sold them to the public schools.