uggabugga





Thursday, May 06, 2010

Goes up to what?

You can watch a live feed of the BBC reporting the UK elections here.

Check out the volume control on the streaming video app. (screenshot below)









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Barry Ritholtz:

Yesterday, pre-market: Market Changes Tone During Correction

Yesterday, post-market: Cash = 100% (in one specific "aggressive" account)

His timing couldn't be better.



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Pretty amazing:

Via Sullivan (who has some sharp comments), this exchange over at the Washington Post:
Judson Phillips, founder of Tea Party Nation, was online Wednesday, May 5, at 1 p.m. ET to address questions about the movement's platform, accusations of racism and the upcoming elections.

Judson Phillips: Hi I'm Judson Phillips from Tea Party Nation. I'm here to take your questions and I'm looking forward to talking with you.
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Boston, Mass.: Thank you for taking our questions. Here is my question for the Tea Party. What are your solutions to today's problems? For example, I hear the word socialism used alot and government getting too big. But then what would you cut? Or what would the Tea Party members have done about the financial crisis from 2008? I assume that they would not vote to bailout the banks, but what would they do if the biggest banks in the world go under?

Judson Phillips: First, cut taxes to increase economic growth. That works everytime. Second, let's go through the entire federal budget and eliminate programs that are consumed by waste, fraud or abuse. Start eliminating them.
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(...)
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Solutions: "Second, let's go through the entire federal budget and eliminate programs that are consumed by waste, fraud or abuse."

Okay, so some examples of what these are? The Tea Party and its "Taxpayers' Rights" predecessors always say this, but one person's waste is another person's lifeline. So I would like to know some concrete ideas of what programs meet these criteria.

Judson Phillips:
Social security disability is the first one I would go through. Down in the south, many people refer to them as crazy checks. We have lawyers advertising right next to the personal injury lawyers, saying they will get you SSI disability. the program is rife with fraud.
Sullivan: (emphasis in original)
[Phillips argues] that social security disability checks are the source of the spending problem. Yep: seriously, that's his one actual specific recommendation, apart from cutting taxes further! Yes, this tea-partier is still drinking the Laffer curve Kool-Aid. What does he specifically propose for entitlement cuts that come close to the scale of the problem? Nada. And he doesn't even have the excuse of being a pathetic politician trying to get elected. He's not running for office; he's heading up a protest movement against government spending - and he yet he can't offer any serious specifics on what he'd cut that would solve the problem. In fact, he barely seems to have thought about the actual fiscal choices before us for a split second.
I was unaware that Social Security Disability was on the Tea Party's radar.



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Wednesday, May 05, 2010

Is George Rekers, Christian Right Leader and one of America's most prominent anti-gay activists, a teabagger?

You decide.



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Rush Limbaugh's good idea:

Reported
:
Rush added that nobody thinks Obama is up to the job of president. He even suggested that Obama call Sarah and Todd Palin for advice about the oil spill because, Rush claimed, they have "a gazillion" times more experience with oil spills than Obama does.
I would love to see that.



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Tuesday, May 04, 2010

Is Obama a Socialist?

David Frum and Jonah Goldberg engage in a bloggingheads debate on that and other topics.

Frum comes off as much more capable.



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Sunday, May 02, 2010

Postponed:

From the Minerals Management Service website:
The NewsRoom
Release:
Date: April 28, 2010

2010 Offshore Industry Safety Awards Postponed

WASHINGTON D.C. — The Department of the Interior’s Minerals Management Service (MMS) announced today that the 2010 Annual Industry SAFE Awards Luncheon scheduled for May 3, 2010 at the Offshore Technology Conference (OTC) in Houston, Texas has been postponed.
Holding the awards luncheon tomorrow would have looked bad.



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David Broder wrote this:
The grass-roots political force that logically should be spurring Congress and the president to tackle these ruinous deficits is the Tea Party movement.


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