Friday, January 09, 2009
Monday, December 15, 2008
Monday, December 08, 2008
Just follow me on this, OK?
How?
Now I'm not talking about his actual environmental policies, Lord knows he favors industry and even drilling and lower EPA guidelines around national parks. No. I'm talking about his economic policies! Here's how it goes:
- Bush favors pretty much no regulation whatsoever. Whatever the industry is. He's a real free-market kind of guy, letting the market do pretty much whatever it damn well pleases.
- As a result, lenders started letting people buy houses using this whole subprime mortgage deal, where the consumers bought houses that they obviously could not afford, that they simply had no business buying in the first place, by paying lower monthly mortgage payments. Of course, all along, lenders did almost no credit checks on those buyers. Why would they? Greed and the quick buck make you do stupid things.
- Little did those people know, that after a very short time, their interest rates would skyrocket, because that's how those subprime mortgages worked. They were adjustable after a short period of time, and not fixed over a long period of time. Besides, just like in the above point, they could not afford those houses in the first place.
- Lenders started packaging those subprime mortgages and selling them to banks as assets. Banks being greedy enough to buy them because they believed they would make a killing off of those mortgages when the interest rates rose.
- Here what they didn't think of, that people could no longer pay off the mortgages on those houses that they bought. The monthly payments skyrocketed. People started losing their houses. Banks started to foreclose on those same houses.
- Then all hell broke loose! The housing market crashed because there weren't enough buyers, and the market was saturated from all those foreclosed homes. The credit market crashed, because now lenders were starting to lose money because of all the foreclosures and loan defaults. Then Wall Street started its downward spiral because of the housing and credit market crises.
- What happened then was that the economy began its faceplant. People weren't spending their money because they were afraid they were going to get laid off and lose their jobs. Manufacturers and service providers started to lose money because there was no spending. Companies did start laying off thousands of workers. Household budgets got even tighter and tighter. Unemployment rose to their lowest marks in decades. It was chaos everywhere.
- So, as all this was happening, industry began to slow down, since demand was really, really down. With the industry slowing down, a lot of plants started to shut down.
- And since a lot of those plants were anyway in China and India, and since most of the pollution cam from countries like China and India where there are no environmental regulations to contend with, pollution should start easing up.
Here's what should happen next: more and more plants would shut down, in places like China and India and Taiwan and Mexico and so on. Pollution rates would start to decrease. The environment would start to recover, Global Warming would start to reverse course, the Ozone layer would start to patch itself up, and life on planet Earth would become more abundant, and Human Beings healthier, in the long run.
Ah, if only things were that simple!
So, Bush should get a couple of awards and maybe even a Nobel prize for what he did to the environment, because of his economic plans!
Don't you think?
Tuesday, November 25, 2008
3 things I was thinking while watching TV last night..
2. "Worst Week" on CBS is one of the funniest new comedies I've seen in a long, long time! My wife and I were cracking up last night. Seriously, how DO you set a pool on fire? LOL
3. As fantastically illogical and unbelievable the story behind "Chuck" on NBC is, I can't help but fall in love with that show more and more! I can't remember a show that makes me roll my eyes more than "Chuck," yet I find myself looking forward to watching each new episode!
Feedback?
Thursday, November 20, 2008
Thursday, November 13, 2008
Meet the Palestinian Seinfeld. Who knew?
Sounds funny. I will be looking for it.
Friday, November 07, 2008
Obama Dance Party in the streets of Seattle
Random thoughts while watching this clip:
- This is the exact thing that McCain would've called the cops on. "TURN OFF THAT RACKET YOU CALL MUSIC AND GO HOME"
- If this were the Republicans celebrating, you know that they would've had the non-inclusive "this is a private party" vibe to the festivities, because, you know, in the GOP, you're either with us or against us!
- For the Democrats, we just want to party man! Come join us! There's room for all!
- I love living in this city!!!
Wednesday, November 05, 2008
One final thought on the elections
Two points we have to keep in mind here:
- It wasn't the Democrats that won the elections, it was Obama. Make that very clear. It's a very clear distinction, that it was the Dems who rode on Obama's coattails and got the momentum they needed to get a few extra seats in Congress. That is made very clear by the fact that the Dems were not able to get the clear majority that they needed to become filibuster proof.
- It was Bush who had made the Republicans become the big losers of these elections. I can't think of any one other President in the history of the United States that had become such a liability on his own party, that any association to him, however near or far, almost meant the kiss of death for the candidates in all races. It's true that there were a lot of Republican incumbents that made it back into Congress, but those mostly came from Republican country where being a Democrat is tantamount to being a leper. Bush's legacy will be as a highly divisive leader, whose ideas of empire building were squashed by Obama's historic run to the White House.
One other thing, and I heard that on NBC during one of the interviews they had, that electing Obama does not make America post-racial, it means that a black man is elected President. I think that there are still a lot of racial problems and tensions in America that will take years and generations to heal and resolve.. if at all.
Tuesday, November 04, 2008
WOOOOOOOOOOOOOOHOOOOOOOOOO
This is amazing!
Finally!
Now let's get to work. Let's fix this. Let's undo the damage done over the last 8 years.
Time to turn the page.
And, of course, time to PARTAY!