Archive for February, 2012

Pyongyang Punditry

Wednesday, February 29th, 2012

If we can sit down and cut a nuclear weapons deal with North Korea, why can’t we do the same thing with Iran?

Gorilla answers: “Because their people aren’t starving and their banks are solvent, apparently!”


Give It Or Lend It

Wednesday, February 29th, 2012

What’s the difference?

Gorilla answers: “No difference at all, screw everyone in Ireland, Greece, Portugal and Spain, so long as the bankers are made whole!”


Not So Durable

Tuesday, February 28th, 2012

Orders are way down, but perhaps this is seasonality…

Or yet more evidence that the “recovery” is anemic, enough to get our President reelected but not enough to do anything about long-term unemployment and the housing bust.

Gorilla says: “More cracks at Boeing means more slack for the country!”


Another Clown Primary Day

Tuesday, February 28th, 2012

Michigan and Arizona this time!

Here’s the wisdom from Gorilla:

Michigan: If Santorum wins, there’ll be another 2 weeks of fretting by Beltway Know Nothings. If Romney wins, it’s over. Either way, neither clown will win the state in the fall.

Arizona: Easy win for Romney, plenty of Mormons in a state with Know Nothings who are more racist than theocratic. Certainly a tossup this fall.

Gorilla says: “Two pathological liars equals one sweet victory this November!”


Shorter Governor Rapist

Wednesday, February 22nd, 2012

Virginia Governor Bob McDonnell still supports rape, but will read up on it first.

Update: McDonnell now wants this horrific bill amended. But he’s still a wholly owned subsidiary of the hateful Know Nothing Party, so dear readers, please don’t be fooled. It’s still about state-sponsored misogyny.

Update 2: Of course, McDonnell’s in favor of using state power to force women to have external ultrasounds before having an abortion. Why this is any less coercive, hateful, and amoral than raping them remains a mystery to Gorilla.


Default 1 Or Bailout 3

Tuesday, February 21st, 2012

It’s one or the other for Greece, regardless of this week’s bailout sequel.

So long as austerity continues, and so long as there are massive, unsustainable trade imbalances, Greece will soon have no choice but to default and leave the Euro.

This may well be what the stupid, punishing Germans want, but they’ll find out very quickly to be careful what you wish for!

Gorilla says: “The cradle of democracy is becoming a terrible toddler!”


No Surprise There

Friday, February 17th, 2012

Another bigoted homophobic Republican governor/liar vetoes gay marriage.

Gorilla says: “Equal injustice under the law is what the Know Nothing Party is all about! Ask any woman, gay or straight!”


A State Ruled By Pigs

Friday, February 17th, 2012

Virginia, of course, a place Gorilla calls home..

So, it turns out that the Governor and Attorney General were indeed, as Gorilla suspected, right wing, racist, homophobic, misogynistic, Know Nothing clowns, using their power to impose a theocracy only Catholic bishops and Islamic terrorists could appreciate, but that’s not surprising in a commonwealth where interracial marriage was outlawed until the Supreme Court stepped in less than 50 years ago.

Are things any better in other rotten states in this formerly great country?

Gorilla answers: “No, but some states manage to keep their clowns in the circus!”


The Big Fiddle

Wednesday, February 15th, 2012

The Fed once again dicks around!

Another round of quantitative easing would be just dandy, as is the decision to leave interest rates alone for another 2 plus years.

But this is small beer in an economy growing very slowly with high unemployment, low demand and a huge output gap.

What’s not on offer is what the Bank of Japan is doing: raising the inflation rate target.

The BOJ’s new initiative, first recommended years ago by a couple of Princeton economists called Krugman and Bernanke, is explicitly raising inflation expectations from 0 to 1%, not exactly wildly courageous (an inflation target of at least 5% is what Japan needs desperately after more than a decade of deflation) but unprecedented in the history of central banking.

It’s a very big deal that the media is missing completely.

At the moment, the Fed’s inflation target is a ridiculously low 2%.

A target of 4-5% is what’s needed, along with a clear statement that inflation expectations will be allowed to go even higher until unemployment drops below 7%. It’s clear that nothing much will be done about increasing demand on the fiscal side in an election year.

Gorilla says: “If only Ben Bernanke would become Ben Bernanke again!”


Who’s Left To Vote For These Jokers?

Wednesday, February 15th, 2012

Down now to two Know Nothing candidates, both of whom support policies that promote racism, misogyny, and the interests of amoral groups like the Catholic Bishops and the Koch brothers.

The question isn’t who’ll lose to President Obama, it’s whether the loss will be Landon/Goldwateresque.

There appear to be no groups, other than rich, racist, misogynistic, and semi-celebate old white men, who will support either the Romney or the Santorum clown.

Gorilla: “Mostly elephant droppings at this circus!”