Archive for July, 2009

Smack Dead In The Middle

Wednesday, July 29th, 2009

Health care reform is over as a serious issue.

The Blue Dogs got their pound of flesh, namely no employer mandate and higher reimbursement rates for doctors in rural areas.

Without employer and individual mandates, there won’t be universal coverage.

Without a public option, the only winners, as usual, will be the insurance companies and the doctors.

As with the stimulus package, our President had a chance to lead, but chose to wait and negotiate. He now looks weak, because he is weak, and everyone in the Congress knows it.

Somehow, our President believes he can get a genuine health care reform through the conference committee, but it’s clear now he hasn’t got the votes in either House or Senate for a package with 1) universal coverage, 2) a public insurance option, 3) individual and employer mandates, and 4) a change in the fee-for-service model.

The progressives, the Blue Dogs, and/or the centrists will make sure one or more of these things never happen.

So, it’s another waste of time, more or less what we’ve come to expect and get from national politics in the last 30 years.

Gorilla pastiches another dead dog: “I feel malaise a comin’, it’s rollin’ til the end, what was the point in votin’?, it’s Carter once again…”

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Not Stronger In Dirt

Wednesday, July 29th, 2009

Ah, organic food, appears to be going the way of vitamins, nutritional supplements, miracle acai berries, and the original Coca Cola!

No scientifically observable benefit, except of course to the profit margins of those flogging the stuff…

Gorilla thinks: “Like Metrocal, we only need a change in the label, a change in the scene to see the change: from now on, it’s harpsichordic veg for me!!!”

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Going From Gold

Wednesday, July 29th, 2009

China has announced it intends to reduce the number of executions. 72% of the world’s executions in 2008 took place in China.

Rounding out the top 5 in state-sponsored killing are:

reportmj09

Gorilla thinks: “Must be the swimsuits, I’m stunned that our citadel of democracy and innovation can’t get on the medal podium!!!”

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This Week’s George T. Platter And Bait

Wednesday, July 29th, 2009

The tidetime folklorist George T. Bluefish is wondering when the cramdown goes like jam down.

The Platter: “Turn Down Day” (Nothing on their mind but solvency)

The Bait: The Rig And Jig (beloved of loan servicers and their regulators in brackish water)

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Please, Please Me Like I Please You

Wednesday, July 29th, 2009

Another shocking surprise: banks aren’t doing very many loan modifications!!!

Less than 200,000 since March, when the number headed for foreclosure is in the millions. And most of these modifications aren’t about reducing principle, they’re really variants on “extend and pretend”.

So, back to the table again for another round of begging by the taxpayer, resulting in a “verbal” commitment to another 300,000 modifications by November!

Gorilla thinks: “When you owe the bank millions, bankers may pay attention, but when you own the bank, it’s more like don’t call us, we’ll call you!”

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Bought And Paid For

Wednesday, July 29th, 2009

Want to know how Wall Street operates?

Look at the PBGC
.

PBGC currently is responsible for insuring $2 trillion in pension assets, and managed to increase its deficit from $11 to $33 billion in just one year. It might take upwards of $100 billion to bail out PBGC in the coming years.

How was this performance achieved? By putting more of its assets into stocks just before the market dropped 40%. Of course it was only coincidental that PBGC’s head was being wined and dined by some very large investment firms.

Gorilla says: “Pissing away the responsibility, just like a drunken sailor at Chelsea Piers!”

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A Quarrela De Brazil

Tuesday, July 28th, 2009

Chuck Grassley, last seen defending the free market monopoly of health insurers in Iowa, is now protecting the heavily subsidized ($853 million in 2006) corn farmers of Iowa from Brazilian ethanol competition.

He does this by putting a hold on the US Ambassador-designate to Brazil’s nomination, apparently because of remarks suggesting that the tariff on Brazilian ethanol one day might be repealed.

Gorilla says: “In this age of cannot do bipartisanship, at least you can count on Republicans to defend home grown socialism right up to the water’s edge!”

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The Barn Door Called Holbrooke

Tuesday, July 28th, 2009

When you lack a strategy, but want to pretend things aren’t going south, there’s really only one man to call: Richard Holbrooke.

We’re approaching year 15 of NATO forces in Bosnia, the result of Holbrooke’s last Special Envoy “breakthrough”.

Meanwhile, in Dayton, Ohio, where Holbrooke once gave peace a chance, the unemployment rate’s gone from 3.4 to 11.5%.

I’m certain the locals wouldn’t mind having a few moderate Talibaners, a sharp-dressed man like Hamad Karzai, and the Pakistani intelligence services in town to stimulate the local economy.

Anyhow, firm and resolute, an envoy’s envoy, Holbrooke opines: We need a new task force on Taliban drug money!

And here I thought we had this already, a little thing called The US Treasury Office of Terrorism And Financial Intelligence.

Now granted, this agency’s been doing a bang-up job in places like Mexico and Colombia, you can hear the bangs outside your window most every night down there, but that’s only because we’re financing both sides of the war on drugs.

In Afghanistan it’s vastly different, there are way more than two sides and NATO’s doing its level best to finance each and every one.

Diplomatically, Gorilla is stumped: “We could make Afghan drug lords work for Big Pharma, in the same way Mexican and Colombian drug lords work for American gun dealers, but then how would we fill Holbrooke’s valuable time?”.

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How Does A Slide Brake?

Tuesday, July 28th, 2009

Let’s see, house prices continue falling steeply, but not as steeply as last month, problem solved, recovery by Christmas!!!

Ah, but when a slide brakes, you usually end up with two bottoms!!!

Gorilla suggests: “Put away the technical jargon, let’s go belly up to the mixed metaphor bar and order a Rosy Scenario!”

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It’s Proliferation Time!

Tuesday, July 28th, 2009

Originally, it was about the revenge of a son against his father.

Then, it was about terrorism, but there weren’t any terrorists or WMD.

Then, it was about oil. The whole adventure would be paid for out of loose OPEC change.

Now, it’s about arms sales. Very important to America’s economic recovery!

A couple of trillion later, we still can’t find a lousy $150 billion/year to cover the uninsured.

Gorilla channels Der Bingle: “When the crew of the right meets the gold bankers pay, guns are the next fee!”

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