China!

Financial predictors, having failed totally at their jobs, now have a new focus for us to think about: China.

China is not something we need to worry about. They do not have the legal infrastructure to enforce contracts from one end of the country to another. How can you build an economy on that? And contracts are only reflective of a snapshot in time based on who is in power at the time the contract is signed. Try making major business decisions based on that.

And that is setting aside the problems with innovation and risk-taking that are not rewarded in the Chinese culture, which are still present.

The United States has nothing to worry about from China.

We're Looking for Someone to Kill

This whole financial mess has really brought out the bloodthirstiness of the American public. Does anybody remember when Ronald Reagan said that millionaires shouldn't be taxed so much and everybody agreed because they thought they might be millionaires one day?

It has to be occurring to at least some of those investment bankers and Wall Street types that their lives are in danger as well as their bonuses. In fact, a public set down and a few public humiliations would do a lot towards the security of the former Masters of the Universe. Who would imagine that it would all end so badly, so quickly?

And don't underestimate the willingness of the U.S. Congress to really get mean and claw back bonuses for the last decade. Anything to keep from being blamed is the motto of every American politician these days.

The good news is that people are only killing their defenseless family members at this time. What kind of twisted pride would lead a person to think their kids are better off dead than poor? Sorry. I can't get over that one.

J.P Morgan CEO Whines Like a Baby

"JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said it’s “unfair” for politicians to criticize Wall Street pay without differentiating compensation based on performance." as quoted in Bloomberg.com today.

But it is OK for assembly line workers to have their compensation affected irrespective of performance - right? And if management decisions cause a company to tank, then it is the unions that need to adjust their compensation agreements - right? Not the management. Never the management.

The long-term security of pensions doesn't mean a thing if the management bonuses and private jets are at stake because it's not about the financial burdens at all. It's about who bears the financial burden.

NEWSFLASH: The days of wine and roses are over for corporate management. And aren't those deer-in-the-headlight looks just plain fun?


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Kill Moodys! Kill Standard & Poors

So these dorks still want to rate bonds? After the shit they pulled? In capitalism, you have the freedom to fail. Congrats!

Worst Week Ever From the Worst President Ever

President Bush, who inherited a balanced budget, spent like a drunken sailor for eight years, and here we are. The amount of American debt that the international community has bought is directly related to the amount we had to borrow to pay for President Bush's profligate spending. Now our entire country is indebted to, and dependent on, foreign money to stay afloat. Since when is that conservative?

George Bush's breed of Republican is interested in power for power's sake. The ideology they chant is only meant to gather support for what they want to do.

Certainly no one can say that President Bush's philosophy of less government, and getting government out of the lives of people, has any relationship to his actions.

George Bush likes to blame other people for his problems. Who is getting the blame this time? Is it going to be another "Clinton recession"? That is what President Bush called the recession of 2001. I'm just waiting for the conservative media machine to revisit the phrase.

Glenn Beck and the Right-Wing Idea Machine Respond to Financial Crisis Blame

You're not going to believe this. This one will go down in history.

Glenn Beck calls for cutting money for the poor, elderly and the disabled, during this financial crisis, to get a hold on U.S. Government debts. When he calls for reduced government spending, it's the elderly and disabled that need to be cut. Yes, indeed. Let's throw our elderly and disabled citizens into the jaws of the marketplace. How clever! Maybe we can roast them and feed them to each other as well. Think of the cost efficiency! Great timing.

Not the thieves of Wall Street. Not the Republican "the marketplace can do it better" types. Not the lying mortgage holders. Not the "get rid of regulation" fiends. He blames the elderly, poor and disabled for our government debt.

Underlying these distinctly Republican arguments is the belief that none of these guys will ever need help one day themselves.

Hey! I've got an even better idea! Let's make it so. Let's not cap the income of incompetent CEOs to that of the U.S. President. Let's take everything they own. And let's include every talking head jerk who has called for reduced government regulations, too. And let's go back in history to include previous CEOs and Board members.

Or maybe we should just shoot them.