H.R. 3997 = Emergency Economic Stabilization Act of 2008 ( aka Bailout Bill )
RECORDED VOTE 29-Sep-2008 2:07 PM
Ayes
Loebsack (D)
Boswell (D)
Nays
Braley (D)
King (R)
Latham (R)
Monday, September 29, 2008
Crash and Burn
The bailout legislation has crashed in the House of Representatives. As of this writing, the tally was 205 - 228 (the vote may still be open).
The markets reacted poorly with the Dow plummeting over 700 points at one point before coming back up a bit. Currently down 455 for the day with markets still open.
Heaven knows what the spooked international markets will do tomorrow morning.
But I guess this means that McCain and Obama won't have to decide what to do on Wednesday; no point in a Senate vote now.
The markets reacted poorly with the Dow plummeting over 700 points at one point before coming back up a bit. Currently down 455 for the day with markets still open.
Heaven knows what the spooked international markets will do tomorrow morning.
But I guess this means that McCain and Obama won't have to decide what to do on Wednesday; no point in a Senate vote now.
Could Bill Clinton please shut up?
A petulant Bill Clinton continues to tip-toe around the radical step of actually supporting the Democratic candidate for President.
I'm hereby citing Bill for violating the Lead, Follow, or Get Out of the Way guideline.
Clinton, absurdly, said the following about McCain:
Personally, I feel the EXACT opposite. When McCain didn't know how many houses he owns, somehow his POW experience became part of his damage control. "I lived in one house for five years..."
Another example is when he announced that his favorite song is "Dancing Queen" by ABBA and his musical tastes stopped evolving when he was shot down. The only catch is that ABBA was formed in 1972 and released "Dancing Queen" in 1975; McCain was shot down in 1967.
So I think he falls back on his Vietnam experience writ large, views current events through that prism, and treats it as a universal justification/excuse for all manner of positions and foibles. Newsflash: it's 2008 and it's not about Vietnam anymore.
But maybe that's just me.
My Grandpa saw combat against the Japanese on Okinawa in 1945 and managed to never use the fact as justification for anything. In fact, although I knew he was in the Marines back in WWII, I didn't learn about the combat until I read his discharge papers.
My Step-Dad flew C-130's in Vietnam. He won't hesitate to talk about it but certainly expresses no sense of entitlement.
To each their own I guess.
I'm hereby citing Bill for violating the Lead, Follow, or Get Out of the Way guideline.
Clinton, absurdly, said the following about McCain:
I think his greatness is that he keeps trying to come back to service without ever asking people to cut him any slack or feel sorry for him or any of that stuff because he was a POW
Personally, I feel the EXACT opposite. When McCain didn't know how many houses he owns, somehow his POW experience became part of his damage control. "I lived in one house for five years..."
Another example is when he announced that his favorite song is "Dancing Queen" by ABBA and his musical tastes stopped evolving when he was shot down. The only catch is that ABBA was formed in 1972 and released "Dancing Queen" in 1975; McCain was shot down in 1967.
So I think he falls back on his Vietnam experience writ large, views current events through that prism, and treats it as a universal justification/excuse for all manner of positions and foibles. Newsflash: it's 2008 and it's not about Vietnam anymore.
But maybe that's just me.
My Grandpa saw combat against the Japanese on Okinawa in 1945 and managed to never use the fact as justification for anything. In fact, although I knew he was in the Marines back in WWII, I didn't learn about the combat until I read his discharge papers.
My Step-Dad flew C-130's in Vietnam. He won't hesitate to talk about it but certainly expresses no sense of entitlement.
To each their own I guess.
Wednesday, September 24, 2008
I didn't expect to see this...
On Tuesday, during debate, a Senator used the album cover from Pink Floyd's Dark Side of the Moon to illustrate a point.
Enhancing the weirdness, the Senator was none other than Iowa's 75 year old senior Senator; New Hartford's very own Chuck Grassley.
I'm now expecting Henry Paulson to whip out Disintegration by The Cure to butress his warnings about the credit markets.
Enhancing the weirdness, the Senator was none other than Iowa's 75 year old senior Senator; New Hartford's very own Chuck Grassley.
I'm now expecting Henry Paulson to whip out Disintegration by The Cure to butress his warnings about the credit markets.
Friday, September 19, 2008
Did Capitalism just implode?
It's been an eventful week. To wit:
I appreciate the candor of Senator Shelby (R-AL) when, referring to the costs to the American taxpayers, he says:
I don't see this as a partisan issue. There may be some political gain for Obama in terms of the impulse to vote out the ruling party in times of economic distress, but this is a screw-up so massive that the pool of conspirators is wide and deep.
Still, there's something incoherent about fiscal conservatism these days. Recall the line from Reagan's 1981 inauguration adopted as a conservative rallying cry "...government is not the solution to our problem; government is the problem."
In 1980, the national debt was ~ $930 billion. Since George W. Bush took office in 2001, the national debt has grown by ~ $4 TRILLION and is expected to reach $10 trillion when the next President takes office. So under Bush's conservative fiscal leadership the debt grew by 69.6% while the GDP grew by 33.4%.
Maybe it's not so much that fiscal conservatism is incoherent, maybe it's just that there aren't any fiscal conservatives. But there are people who claim to be.
For example, John McCain, last seen touting lean government and open/competitve markets is now calling for the creation of a new federal agency.
To be clear, I'm not necessarily mocking the idea. I'm mocking him. This is all so weird...
- Lehman Brothers, the fourth largest investment bank with a history dating to the 1850's, filed for Chapter 11 bankruptcy protection.
- The US Government has taken an 80% equity stake in a huge global insurance company.
- Short selling has been banned for 799 financial sector stocks.
- The Treasury Department has announced plans to temporarily guarantee money market funds.
- And now the government is planning a massive intervention to buy illiquid assets (aka crappy mortgage loans) from financial institutions.
I appreciate the candor of Senator Shelby (R-AL) when, referring to the costs to the American taxpayers, he says:
We know $500 billion or $1 trillion, that's a lot of money.
I don't see this as a partisan issue. There may be some political gain for Obama in terms of the impulse to vote out the ruling party in times of economic distress, but this is a screw-up so massive that the pool of conspirators is wide and deep.
Still, there's something incoherent about fiscal conservatism these days. Recall the line from Reagan's 1981 inauguration adopted as a conservative rallying cry "...government is not the solution to our problem; government is the problem."
In 1980, the national debt was ~ $930 billion. Since George W. Bush took office in 2001, the national debt has grown by ~ $4 TRILLION and is expected to reach $10 trillion when the next President takes office. So under Bush's conservative fiscal leadership the debt grew by 69.6% while the GDP grew by 33.4%.
Maybe it's not so much that fiscal conservatism is incoherent, maybe it's just that there aren't any fiscal conservatives. But there are people who claim to be.
For example, John McCain, last seen touting lean government and open/competitve markets is now calling for the creation of a new federal agency.
To be clear, I'm not necessarily mocking the idea. I'm mocking him. This is all so weird...
Thursday, September 18, 2008
Wait, this is the clarificaiton?
My favorite comment on the recent incident where McCain refused to indicate a willingness to meet with Spain's Prime Minister is as follows:
The comment was added to this Yglesias blog post on the incident (with audio).
I've listened to the audio and it's impossible to say with certainty what McCain was thinking. I share the opinion of the poster that he (McCain) was somehow "stuck" in Latin America mode and was either unwilling, unable, or unprepared to switch gears.
The interviewer seems surprised, but even after repeated references to "Zapatero" McCain refers to "the hemisphere" and "Latin America". The interviewer finally explicitly refers to Spain and McCain simply returns to the "meet with friends, stand up to non-friends" boilerplate.
But what seemingly starts off as a misunderstanding, is now officially troubling. I mean, I know McCain has ridiculed Obama for a stated willingness to meet various world leaders without pre-conditions, but this is a bit much.
Can I now ridicule McCain for his unwillingness to meet with NATO MEMBER STATES without preconditions?
Note that Spain is actually in both the Western Hemisphere and the Northern Hemisphere, but I think it's clear that McCain was thinking of Latin America and the United States' sphere of influence in the Western Hemisphere. Because the Northern Hemisphere is so vast (in terms of land mass, countries, and populations) it's an unsuitable short-hand description in most discussions of international relations. It would be bizarre to consider the President of Mexico (whom McCain references by name) as representative of the Northern Hemisphere, but understandable in the context of a discussion about Latin America / Western Hemisphere.
I think this is pretty clearly an attempt at damage control.
a) It definitely seems to me that McCain was confused by the question. He came armed with talking points about Latin America, he wasn’t prepped to discuss Spain, so he stumbled. It was a gaffe.
b) McCain’s staff decided that the “confused old man forgets where Spain is” meme is more damaging to their candidate than the “McCain is a deranged hawk who won’t talk to our European allies” meme. Anyone in Ohio who cares about our relationship with Western Europe probably isn’t voting for McCain anyway. But perceived senility could hurt him. Badly.
c) Therefore, McCain’s spokespeople do what they do best. Lie.
The comment was added to this Yglesias blog post on the incident (with audio).
I've listened to the audio and it's impossible to say with certainty what McCain was thinking. I share the opinion of the poster that he (McCain) was somehow "stuck" in Latin America mode and was either unwilling, unable, or unprepared to switch gears.
The interviewer seems surprised, but even after repeated references to "Zapatero" McCain refers to "the hemisphere" and "Latin America". The interviewer finally explicitly refers to Spain and McCain simply returns to the "meet with friends, stand up to non-friends" boilerplate.
But what seemingly starts off as a misunderstanding, is now officially troubling. I mean, I know McCain has ridiculed Obama for a stated willingness to meet various world leaders without pre-conditions, but this is a bit much.
Can I now ridicule McCain for his unwillingness to meet with NATO MEMBER STATES without preconditions?
Note that Spain is actually in both the Western Hemisphere and the Northern Hemisphere, but I think it's clear that McCain was thinking of Latin America and the United States' sphere of influence in the Western Hemisphere. Because the Northern Hemisphere is so vast (in terms of land mass, countries, and populations) it's an unsuitable short-hand description in most discussions of international relations. It would be bizarre to consider the President of Mexico (whom McCain references by name) as representative of the Northern Hemisphere, but understandable in the context of a discussion about Latin America / Western Hemisphere.
Wednesday, September 17, 2008
This is a lie
I'm calling out John McCain and any surrogates who claim that he was talking about "the American worker(s)" when he declared that the fundamentals of the economy are strong.
We can certainly argue about whether the indicators that economists use to measure the economy can be considered strong or not. Alan Greenspan, for one, appears to disagree but certainly it's open for discussion. But I don't see how anyone can reasonably argue that McCain was talking about the workers. It's a complete lie. Here's the quote:
Watch it here.
No mention of the workers or the workforce. The "workers" bit was clearly contrived after the fact in an attempt to cover his a$$. But I'm guessing I'm not the audience he's trying to fool.
We can certainly argue about whether the indicators that economists use to measure the economy can be considered strong or not. Alan Greenspan, for one, appears to disagree but certainly it's open for discussion. But I don't see how anyone can reasonably argue that McCain was talking about the workers. It's a complete lie. Here's the quote:
You know that there's been tremendous turmoil in our financial markets and Wall Street and it is, it's.. People are frightened by these events... Our economy... I think still... The fundamentals of our economy are strong. But these are very very difficult times.
Watch it here.
No mention of the workers or the workforce. The "workers" bit was clearly contrived after the fact in an attempt to cover his a$$. But I'm guessing I'm not the audience he's trying to fool.
Pot levels accuasation at Kettle?
Die-hard Clinton supporter Lynn Forester, Lady de Rothschild levels charges of "elitism" at Obama, announces plans to endorse McCain.
I could leave it at that. But to really drive home Lady de Rothschild's working class credentials, consider the following:
You can't make this stuff up...
I could leave it at that. But to really drive home Lady de Rothschild's working class credentials, consider the following:
- She's a freaking BARONESS
- She holds dual citizenship and splits time between London and New York
- She and her husband, Sir Evelyn de Rothschild, are billionares
- Yes, those Rothschilds
You can't make this stuff up...
Tuesday, September 16, 2008
That's Cool
I don't know if GM is going to survive. I don't know if the electric car is going to work. But at least they're trying.
Today, on General Motors' 100 Year Anniversary, the Volt was unveiled.
One of the cool features is that the car can be fully charged from a standard 120v outlet in 8 hours (or 240v in 3 hours) which equates to a cost of about 80 cents at prevailing electricity rates. The batteries then give a pure electric driving range of about 40 miles after which the secondary 1.4 liter internal combustion engine comes into play.
The estimated cost per mile under battery power is $.02. By comparison, my current cost per mile in a Honda Fit (average of 37mpg) is $.09.
Pretty sweet that, with the Volt, you could plug your car in overnight and never have to burn any fuel for in town driving.
Today, on General Motors' 100 Year Anniversary, the Volt was unveiled.
One of the cool features is that the car can be fully charged from a standard 120v outlet in 8 hours (or 240v in 3 hours) which equates to a cost of about 80 cents at prevailing electricity rates. The batteries then give a pure electric driving range of about 40 miles after which the secondary 1.4 liter internal combustion engine comes into play.
The estimated cost per mile under battery power is $.02. By comparison, my current cost per mile in a Honda Fit (average of 37mpg) is $.09.
Pretty sweet that, with the Volt, you could plug your car in overnight and never have to burn any fuel for in town driving.
Plus 1 Nerd Bonus
I was excited to see the following comment to a blog post:
The initial reference comparing, yes, John McCain to a lich, didn't sink in when I read the original post (link here).
I have a glimmer of recognition of a D&D Adventure Module that prominently featured a Lich, but I can't remember the name. I seem to also remember that I never actually played the module because it was for relatively high-level characters and I never had the discipline (or regular playing opportunities) to stick with a character long enough to develop them to the appropriate level.
But I always found myself drawn to the Lich, a monster that was reminiscent of Eddie (the ghoulish mascot of British Heavy Metal group Iron Maiden) in a way that was somehow comforting.
While searching for what I'm remembering as "The Lich Module" (I might have better luck in my Mom's basement), I stumbled upon a blog post detailing the 8 Worst Dungeons & Dragons Adventure Modules Ever Made. What a trip down memory lane!
Here's a relisting of Dungeon's Top 30 D&D Modules of All Time (issue #116).
And then here's the Top 10 D&D Modules I Found in Storage This Weekend series of posts from the geekdad blog on Wired. I'll link to them individually because the blog category of RPGs is too expansive. Hey, he's already admitted he's a geek.
B1 - In Search of the Unknown
B2 - Keep on the Borderlands and S1 - Tomb of Horrors
U1 - The Sinister Secret of Saltmarsh and C1 - The Hidden Shrine of Tamoachan
U2 - Danger at Dunwater and G1,2,3 - Against the Giants
B4 - The Lost City
C2 - The Ghost Tower of Inverness
S2 - White Plume Mountain
+1 Nerd Bonus for the "lich-like visage" reference.
Dude, the DnD references never get old.
Posted by Leaking Geek | September 15, 2008 4:15 PM
The initial reference comparing, yes, John McCain to a lich, didn't sink in when I read the original post (link here).
I have a glimmer of recognition of a D&D Adventure Module that prominently featured a Lich, but I can't remember the name. I seem to also remember that I never actually played the module because it was for relatively high-level characters and I never had the discipline (or regular playing opportunities) to stick with a character long enough to develop them to the appropriate level.
But I always found myself drawn to the Lich, a monster that was reminiscent of Eddie (the ghoulish mascot of British Heavy Metal group Iron Maiden) in a way that was somehow comforting.
While searching for what I'm remembering as "The Lich Module" (I might have better luck in my Mom's basement), I stumbled upon a blog post detailing the 8 Worst Dungeons & Dragons Adventure Modules Ever Made. What a trip down memory lane!
Here's a relisting of Dungeon's Top 30 D&D Modules of All Time (issue #116).
And then here's the Top 10 D&D Modules I Found in Storage This Weekend series of posts from the geekdad blog on Wired. I'll link to them individually because the blog category of RPGs is too expansive. Hey, he's already admitted he's a geek.
B1 - In Search of the Unknown
B2 - Keep on the Borderlands and S1 - Tomb of Horrors
U1 - The Sinister Secret of Saltmarsh and C1 - The Hidden Shrine of Tamoachan
U2 - Danger at Dunwater and G1,2,3 - Against the Giants
B4 - The Lost City
C2 - The Ghost Tower of Inverness
S2 - White Plume Mountain
Monday, September 15, 2008
Sunday, September 14, 2008
A little snarky, but...
I think the title of this commentary (along with the commentary itself) is a crucial observation on the selection of Sarah Palin as the Republican Vice Presidential candidate.
Is It Sexist To Want The Person Flying The Plane To Be A Pilot?
The ONLY "sexist" criticism of Sarah Palin and her selection that I'm aware of is the questions whether she should run for Vice President as mother of 5, etc... I agree that a man would not be asked this question.
But by discovering identity politics, and then cultivating outrage, the Republicans have generated a smoke screen to obscure the legitimate questions about their "accomplishments" and actual positions.
Is It Sexist To Want The Person Flying The Plane To Be A Pilot?
The ONLY "sexist" criticism of Sarah Palin and her selection that I'm aware of is the questions whether she should run for Vice President as mother of 5, etc... I agree that a man would not be asked this question.
But by discovering identity politics, and then cultivating outrage, the Republicans have generated a smoke screen to obscure the legitimate questions about their "accomplishments" and actual positions.
Wednesday, September 10, 2008
Confession
I usually organize M&Ms into groups of like colors before eating them.
But I'm not anal retentive about everything. You should see my sock drawer.
But I'm not anal retentive about everything. You should see my sock drawer.
Monday, September 8, 2008
Hindsight = 20/20
Here come the inevitable Biden was a mistake cries.
But look what people were saying before Obama's pick. From Cokie Roberts:
I think the fact that McCain had the advantage of picking second was pretty significant. Obama did the conventional thing which, in a manner, freed up McCain to do the unconventional thing.
I wonder how the order of the party conventions are determined? Maybe the next thing we could do is turn the VP picks into an event where each side submits their picks by secret ballot and they are unveiled simultaneously in a TV game show format.
McCain is looking like a genius with the Palin pick because he seems to be garnering the benefits of a wacky pick (excitement, "outsider", exploitation of identity politics, etc...) without the drawbacks (incomplete vetting, inconsistent positions, inexperience, etc...). To be clear, the drawbacks have been present, but the benefits are running more strongly.
A word of warning. This all could turn around. And in the same way that there is not a lot of time to work through these issues before election time, there would be even less time for the McCain/Palin campaign to recover from some disaster.
Who knows?
But look what people were saying before Obama's pick. From Cokie Roberts:
I think it would be very foolish for the Democratic Party to pick Barack Obama and Hillary Clinton as their ticket. They need somebody who's not a Senator from a state that's going to go Democratic anyway, which defines both of them. Either one of them needs to pick a white guy from a swing state, preferably a guy who owns a gun. [AUDIENCE LAUGHTER] And, I mean, seriously. I mean, that's what they need. That's where the problem is.
I think the fact that McCain had the advantage of picking second was pretty significant. Obama did the conventional thing which, in a manner, freed up McCain to do the unconventional thing.
I wonder how the order of the party conventions are determined? Maybe the next thing we could do is turn the VP picks into an event where each side submits their picks by secret ballot and they are unveiled simultaneously in a TV game show format.
McCain is looking like a genius with the Palin pick because he seems to be garnering the benefits of a wacky pick (excitement, "outsider", exploitation of identity politics, etc...) without the drawbacks (incomplete vetting, inconsistent positions, inexperience, etc...). To be clear, the drawbacks have been present, but the benefits are running more strongly.
A word of warning. This all could turn around. And in the same way that there is not a lot of time to work through these issues before election time, there would be even less time for the McCain/Palin campaign to recover from some disaster.
Who knows?
Friday, September 5, 2008
Proof that the GOP isn't cool?
The Republicans keep getting in trouble for using rock songs at campaign events.
We've got Jackson Browne complaining about the use of "Running on Empty" by the Ohio Republican Party.
We've got Van Halen objecting to the McCain campaign using "Right Now."
And now Heart is riled up about usage of "Barracuda" at the Republican National Convention in conjunction with Vice Presidential candidate Sarah Palin; an allusion to her nickname as a High School point guard.
Of course, we should mention the granddaddy of political misappropriation of rock songs when, in 1984, Ronald Regan began using Bruce Springsteen's "Born in the USA" without permission.
This was particularly misguided because the song itself is about the destructive effects of the Vietnam War and the ensuing disaffection of the working class. Not exactly Yankee Doodle Dandy.
We've got Jackson Browne complaining about the use of "Running on Empty" by the Ohio Republican Party.
We've got Van Halen objecting to the McCain campaign using "Right Now."
And now Heart is riled up about usage of "Barracuda" at the Republican National Convention in conjunction with Vice Presidential candidate Sarah Palin; an allusion to her nickname as a High School point guard.
Of course, we should mention the granddaddy of political misappropriation of rock songs when, in 1984, Ronald Regan began using Bruce Springsteen's "Born in the USA" without permission.
This was particularly misguided because the song itself is about the destructive effects of the Vietnam War and the ensuing disaffection of the working class. Not exactly Yankee Doodle Dandy.
Thursday, September 4, 2008
Wednesday, September 3, 2008
Got Crhome?
Yesterday, Google fired another shot across the bow of Microsoft by releasing their own web browser.
I downloaded it and have been trying it out. So far, I'm digging it! It's very spartan and seems quite responsive.
Unfortunately, no Mac or Linux versions yet. Even Google can't conquer the entire world at once. But PC users can download it here.
I downloaded it and have been trying it out. So far, I'm digging it! It's very spartan and seems quite responsive.
Unfortunately, no Mac or Linux versions yet. Even Google can't conquer the entire world at once. But PC users can download it here.
Tuesday, September 2, 2008
Talking Points
I caught This Week with George Stephanopoulos on Sunday. The segments with Lindsey Graham and John Kerry were standard partisan sniping, but I have a couple comments on the interview with Cindy McCain.
In response to a question about Sarah Palin's lack of national security credentials, she (Cindy) responded with the bizarre talking point that Alaska is the "closest point of our continent to Russia".
Here's a post by Matthew Yglesias with the video clip. A commenter points out that Boston is closer to Moscow than Juneau is.
To me, this supports the theory that Palin was a last minute pick that even took the Republicans by suprise. They seem to be forced to make up talking points as they go along (because there is simply no time for the alternative). Several questions:
I also thought George was too easy on Cindy during a portion where she asserted that Obama "offended her" and "went too far" when he suggested that McCain wasn't in touch with the middle class.
Let me clear that I'm not presenting myself as the final arbiter about whom can be offended about what. If she's offended, she's offended. That's fine. The part I objected to is that she launched into the story of her father's business success and presented it as the American Dream.
This is irrelevant and a clear diversion. As far as I know, nobody has made any comments whatsoever about her father being "in touch" with the concerns of the middle-class, etc... And furthermore, I think the episode was illuminating less because of the actual number of houses owned (which is legitimately complicated in his case) and more because McCain appeared to not know or not care.
In further efforts to burnish McCain's everyman credentials, Cindy also described him as a "Navy boy." She's got a point. I know that many of my gradeschool classmates had fathers and grandfathers that were BOTH four-star admirals.
In response to a question about Sarah Palin's lack of national security credentials, she (Cindy) responded with the bizarre talking point that Alaska is the "closest point of our continent to Russia".
Here's a post by Matthew Yglesias with the video clip. A commenter points out that Boston is closer to Moscow than Juneau is.
To me, this supports the theory that Palin was a last minute pick that even took the Republicans by suprise. They seem to be forced to make up talking points as they go along (because there is simply no time for the alternative). Several questions:
- Is the "Alaska is close to Russia" argument compelling to anyone?
- What happens when a more discerning reporter than Stephanopoulos follows up by asking for an example of a true Russo-American issue that Palin was involved with?
- It's interesting that "Russia" is the talking point considering that Alaska shares an actual border with Canada and surely has more areas of cooperation and/or dispute. I guess people aren't scared of Canada so that doesn't work.
I also thought George was too easy on Cindy during a portion where she asserted that Obama "offended her" and "went too far" when he suggested that McCain wasn't in touch with the middle class.
Let me clear that I'm not presenting myself as the final arbiter about whom can be offended about what. If she's offended, she's offended. That's fine. The part I objected to is that she launched into the story of her father's business success and presented it as the American Dream.
This is irrelevant and a clear diversion. As far as I know, nobody has made any comments whatsoever about her father being "in touch" with the concerns of the middle-class, etc... And furthermore, I think the episode was illuminating less because of the actual number of houses owned (which is legitimately complicated in his case) and more because McCain appeared to not know or not care.
In further efforts to burnish McCain's everyman credentials, Cindy also described him as a "Navy boy." She's got a point. I know that many of my gradeschool classmates had fathers and grandfathers that were BOTH four-star admirals.
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