Ouch - Super Duper Recession Tuesday, Too

Wall Street is seeing one of its worst days thanks to fresh evidence the recession is DEEPENING.

Yummy Cut-to-the-Chase Quick Bytes for January 22, 2008

Questions About Terrorism? Invite “Ask Al Qaeda” To Your Next Social Organization Brunch!

Oddly enough, this is not entirely a joke though “Breakfast with the Bin Ladens” may not be quite as popular as “Have Hot Chocolate With Santa.” On the plus side, however, Osama does speak English better than President Bush and can pronounce nuclear correctly..(Though, to be fair, most three-year-olds speak and enunciate far better than our “MBA president”; where MBA stands for “mommy's biggest asshole.”)

But I digress when I want to share with you news so very twisted in its own way, you'd think it came out of Bush's Department of Homeland (In)Security: Namely, al Qaeda has apparently opened up its own customer service department on the Internets (all of them). There, al Qaeda operatives (so they say) are available to answer questions you may have about those 72 virgins they get for lethal missions, how to make a suicide bomb vest that is both functional and stylish, as well as how all six feet-four inches of Osama (with a beard almost as long) manages to terrorize below the radar abd remain unapprehended some six-and-a-half years after Bush declared, “he can run but he can't hide” and that he would personally catch OBL “dead or alive.” (That Mission isn't Accomplished either, Mr. President.)

Interestingly enough, the pediatrician al-Zawahri who is Osama's second in command made himself available for a (live?) online interview. Isn't it encouraging to learn that a radical terrorist network and its leaders manage to be far more available and accountable to its recruits than the entire Bush Administration has been to the American people for seven years now? But then, some would say that the Bushies actually represent the largest terrorist network in the entire world.

Yes, indeed, it's the Bizarro World out there and Bush is the leader of the biggest Bizarro faction of them all!

Forget Dinner: You Can't Afford It!

While the Bushies spin the economy as being much better than reported – while Fed chair Ben Bernanke meets “in secret” (the favorite Bushie way!) to cut the interest rate in a move many decry as fraught with more dangers than leaving it alone – more than 3 out of every 4 people taking the CNN poll (“Are we in a recession now?”) say yes! Of more than 125,000 people who've cast votes so far, 75% disagree with the Bush drivel.

See What Happens When You Forget To Take Your Anti-Psychotic Meds With Breakfast

Senator John McCain, if seeming to offer Repuglicrat Sen. JoeMentum a job as his vice president did not supply enough evidence his mental health is MIA on its fast track to being declared DOA, proves he's off his meds with THIS quote: (shudder!):

"Don't turn the pharmaceutical companies into the big bad guys."

As opposed to... uh... what, Mac? Are they disciples of Christ, beauty pageant contestants, Sunday School teachers, smiters of Harry Potter magic, and benevolent leprechauns all rolled into one of the most powerful lobbyist organizations in the entire world? You feeling OK?

Or are you just auditioning for your new gig as a PhRMA lobbyist once Diebold steals the 2008 presidential win from you and Arizona (finally) kicks you to the curb?

“Let Me Have a Pastrami on Toasted Pumpernickel; Hold The Cole Slaw And Give Me Some Progressive- and Fairness.”

Pass the mustard and napkins and prepare to smile, The very same America that's been fighting in the Bush years to relegate evolution to “crazy theory” status and to wage war on science, critical thinking, AND its own working class citizens sits poised to knock our (figurative) socks O-F-F. It's high time, too, though not even British Colombia's super pot and/or “chronic” deserves the credit for this encouraging about-face.

In a major CNN poll first reported yesterday (on the late Martin Luther King Jr's birthday), more Americans than ever before acknowledge the United States is “ready” for a black president. Specifically, this “readiness” was opined by:

72% of whites

61% of blacks

(and perhaps as many as two whole Southern Republicans?)

Adds CNN:

That number is higher than it was two years ago, when 65 percent of whites and 54 percent of blacks felt the same way. It's also higher than the proportion of either men or women -- 64 percent and 65 percent, respectively -- who currently believe the nation is ready for a woman in the White House.

The top six concerns for both whites and blacks in making their presidential choice this year are exactly the same in the following order -- the economy, Iraq, terrorism, health care, gas prices and Iran -- though blacks place a higher level of importance on all those issues.

However, as glad as many of us are to see this, and yes, it is encouraging, it is also shocking to recognize that four full decades since the assassination of Dr. King, such a poll question can be considered fair game, that it took us this long to achieve such results, and that the same questions are still asked about a potential woman commander in chief, a Jew, a Mormon... and probably is not yet capable to consider a candidate (in today's Christian fascism insurgemce) who commits the guaranteed act of political suicide by stating he or she does not believe in a “higher power” or chooses not to share those beliefs with the media/public...

European Pessimism Over U.S. Economic Outlook Just Proves They "Get It" When Bush Just Makes It Much Worse

Perhaps Bill O'Reilly can declare war on France again while Bush, our brain trust, changes the name of French fries again. Won't matter though: Europeans are RIGHT.

So what do the Europeans know that Bush doesn't? (Besides American and world history, how to speak English, that tax cuts to billionaires don't cure everything, etc.)

Just as about every intelligent voice in the U.S. already says, Europe knows that Bush's latest round of tax cuts for the wealthiest, which did nothing to spur the economy after 9-11 and beyond, Bush wants will NOT do anything to stop the Bush economy's record-breaking race to yet crippling economic recession. European economic pessimism today, in fact, is hurting investors and futures markets, to name but a few. At the same time, Fed chief Ben Bernanke is expected to cut interest rates yet again which sounds great until you listen to a number of other analysts that predict unchecked inflation and other issues arising from the Bush Administration always-does-the-wrong-thing handling of the economy will bring far more DIRE times rather than relief.

Consider, too, that Bush's latest horrible plan comes right on the heels of introducing "owner foreclosure help" that would allow Countrywide (the nation's largest mortgage bank) to keep from filing bankruptcy and give its buyer (Bank of America), a quarter billion in additional tax write-offs every year for a long time while (magically) doing just about NOTHING for middle class (and lesser) homeowners about to lose their homes.

As Bush has said a number of times, he doesn't understand poor people.

Or:

* smart people
* reasonable people
* people who tell the truth (Bush has never been in the same zip code with the truth in his life)
* people who really ARE patriotic vs. just his lackeys

The list could go on forever, y'know.

RIP: The American Dollar (Or Why You May Be Able to Use Your Paycheck to Wipe Your Butt RSN)

Well, the ruination of the economy and the labor market the Bush-Cheney Administration worked very hard to bring about in record time between the December day they stole the election from Al Gore in 2000 and the first 100 days of them "presuming" office in January 2001, and continued throughout their absolute monarchy is almost complete.

We've already seen - for the first time - economists in many other lands besides our own say the American dollar is increasingly useless and is shunned compared to many other emerging players like China and yes, even Iran and the Euro. Also a firstie: the Canadian dollar has become (significantly) more valuable than its U.S. counterpart, a phenomenon many said would never happen. We've seen the middle class grow poor and more home foreclosures in this country than at any time since the stock market crash and resulting economic phenom known as "The Great Depression" began in 1929. [As Bush would say, look at the good side: at least poverty is up and those we owe money TO are making huge additional money in obscene charges for debt).

Now, many are saying flat out that the dollar's days are numbered, which means ours as an economic superpower also are numbered. I can't help but think that it's all too apt to say that the buck stops with Bush and Cheney, because it quite literally may, even before they leave office on January 20th, 2009.

Here's one example of the dollar's funeral dirge submitted by Reader Sharon (whose typing is only slightly better than her marksmanship).

As Bush's Empire "Rises", Ours Falls Drastically

Positive you don't want to impeach this entire Bush Administration?

Everytime he opens his mouth about Iran, the crude oil price per barrel skyrockets and his "economic" genius has created what is arguably a much worse set of financial circumstances for many Americans than what happened during in the wake of the 1929 stock market crash and the coming of the great depression. 439 days more is an AWFULLY long time.

From The New York Times:

Stock markets plummeted and the dollar sank to as investors grew skittish over rising oil prices and the prospect of a substantial U.S. economic slowdown.

Bill O'Reilly & John McCain: These Two Minds DO NOT Work Better Than One

So we can't have immigrants here because they're not "us" and because these immigrants, aided by the evil empire of The New York Times, want to destroy the white Christian male power structure? This nonsense is straight out of the late 30s and 40s.

From Cernig's Newshog (And The Newshoggers):

Bill O'Reilly and John McCain agree about what's really behind rightwing resistance to any immigration bill at all. Fear.

Bill O'Reilly: But do you understand what the New York Times wants, and the far-left want? They want to break down the white, Christian, male power structure, which you're a part, and so am I, and they want to bring in millions of foreign nationals to basically break down the structure that we have. In that regard, Pat Buchanan is right. So I say you've got to cap with a number.

John McCain: In America today we've got a very strong economy and low unemployment, so we need addition farm workers, including by the way agriculture, but there may come a time where we have an economic downturn, and we don't need so many.

[crosstalk]

O'Reilly: But in this bill, you guys have got to cap it. Because estimation is 12 million, there may be 20 [million]. You don't know, I don't know. We've got to cap it.

McCain: We do, we do. I agree with you.

I may be an immigrant but I also fit the WASP profile (other than being non-Christian). However, since the entrenched "white, Christian, male power structure" is made up of asshats like O'Reilly and McCain I figure breaking it down would be a damn good idea - and isn't going to happen anytime soon no matter how many immigrants who don't fit their phenotype come to America. It's rampant, paranoid xenophobia, that's all.

Is it too late to deport these two men?

And where the hell did McCain pull the "strong economy" nonsense from? Out of Bill O's ass?

From the AP:

Economic growth skidded to a near halt in the first quarter, with the worst showing in more than four years raising concerns about how long the country's sluggish spell will last.

The Commerce Department reported Thursday that gross domestic product increased by just a 0.6 percent pace in the January-through-March period, much weaker than estimated a month ago. Government statisticians slashed by more than half their first estimate of a 1.3 percent growth rate for the quarter.

The economy has been quite bad for a long time except for very specific sectors (like the big cheeses at the military industrial complex corps). Yet again and again, Bush and his ilk insist everything is wonderful so pay no attention to the national debt.

As for low unemployment, this is tragically laughable. Sure, people can find jobs: for minimum wage. And then they need to work 2-3 of them full-time just with the hope of feeding and sheltering their families.