Politics in a sec.
Tired Mikey. Hammering from noon to about 4:00pm, when seemingly everyone in the world but me is awake, kept me from sleeping well. It was just loud enough to keep me awake, or if not exactly awake, kept me from getting fitful sleep for more than 15 minutes at a time. Enough whining, time for politics.
Now, I don’t know about you, but I really doubt these stories about Sarah Palin not knowing that Africa was a continent, or not knowing the countries of North America. She might have been less than a great V.P. Candidate, but NO ONE is that stupid. No one.
What this looks like to me is simple stupidity from people within the McCain campaign trying to do their best to separate themselves from the loss McCain took. It doesn’t help when the media Latches onto a story like this and just won’t let it rest. Wanna nail her for something she did wrong, fine, but bullshit bashing like this is wrong. If she succeeds, let it be on her merits, if she fails let it be on her weaknesses, not on unsubstantiated reports that are nothing short of abusive, rueful, mean spirited, and nasty.
As much as I didn’t like her and the campaign she and McCain ran, she doesn’t deserve this.
Over One million jobs lost this year. I was prognosticating about this a while back, call it a month or two ago, and said it would hit this number by years end. Missed by two months. I thought i was being pessimistic. Apparently my pessimism is nothing compared to the shit the world can throw out there. I don’t think anyone was expecting unemployment to be at 6.5% at this point. I have heard numbers as bad as 8% and even 10% before the crisis finally abates in late 2009, but that was when those numbers were at 5.5% unemployment, half a million jobs lost, and the man making those guesses on bloomberg radio seemed from my perspective to be a bit too damned gloomy.
Not anymore. Now I am seeing regular job loss estimates in the 8% range, and one particularly gloomy forecast, from IHS Global Insight, that says that job losses will average 200,000 per month for the rest of this quarter and all of next quarter. The economy is hemorrhaging right now and we are losing 120,000 a month on average. Just Imagine the joy of losing an extra 80,000 jobs on top of that for a half a year. Even better. DON’T. Read the article in Question here.
Let us all hope that our President-Elect can pull this economy out of these doldrums and fix this mess, if that’s possible. I voted for him, in part, because i think he can get the economy back on track. I haven’t yet read or seen any stories about the meeting he had today. Yes I heard all about it, just haven’t gotten to seeing or reading about it yet.
I hope Timothy Gauthier gets the Treasury Secretary job. He sounds like the best of the bunch that I’ve seen. I’ve heard a great number of other names proposed for the job, but I don’t know that I want another ex-Goldman CEO like Jon Corzine, we’ve tried that already with Paulson, who took over Goldman after ousting Corzine. Larry Summers would actually be a pretty good pick and Paul Volcker would be a good pick as well, but at 81, might be a bit long in the tooth for the job at this point. We’ll see what happens.
A Viddy, a few quotes, and I am DONE.
Barack Obama’s first press conference as President-elect. I’m listening to it as I am writing this. From C-Span:
That’s It for me. Later.
Today’s Nuggets: I never meant to say that the conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it. John Stuart Mill
Our dangers, as it seems to me, are not from the outrageous but from the conforming; not from those who rarely and under the lurid glare of obloquy upset our moral complaisance, or shock us with unaccustomed conduct, but from those, the mass of us, who take their virtues and their tastes, like their shirts and their furniture, from the limited patterns which the market offers. Learned Hand
Latest edit at 10:23 PM eastern time 10/07/08