Monthly Archives: April 2011

Andy

April 29, 2011

Andrew Sullivan confuses camp and blasphemy.

Columnist Andrew Sullivan lambasted The Sisters of Perpetual Indulgence's Hunky Jesus Contest in San Francisco's Dolores Park with a short post flamingly titled "The Tired- Lame Bigotry Of Some Homosexuals-" the Sisters responded. Sullivan reacted to the responses with an escalation- calling the Sisters "smug liberal bigots." Breaking the cardinal rule: Don't f*ck with drag queens.

Andrew Sullivan confuses camp and blasphemy.

Confession Of A Wall St. Nihilist

I may have linked this before. “Let’s throw the book at every firm and every executive that our people can make a case against. Because you know, gosh, it’s all about rule of law and blind justice, just like Che says.’ OK, so now this means indicting just about every serious player in finance, so they take down Goldman Sachs, they take down Citigroup, JP Morgan, BofA… and they also serve all the big funds who are at least as guilty, if not more. So they shut down Pimco, Blackrock, Citadel… maybe they indict Geithner and Summers, haul in some of Bush’s crooks… right? OK, now guess what you’ve just done? You’ve just caused the markets to completely tank. Remember what happened after the Lehman collapse? Remember how popular that made every politician in Washington? Still wondering why they coughed up a trillion bucks? They were scared for their lives; that’s why they voted for that bailout. You’d have done the same goddamn thing. But if we go after everyone guilty of fraud and theft, the market crash this country would see would make 2008 look like Sesame Street. Open that can of worms labeled ‘Fraud’ and the whole fucking economy collapses. You may as well prosecute people for masturbating. No one will know where the fraud investigation stops and who will be charged next—everyone will try to cash out, and the markets will tank to zero. And guess what happens when the markets tank to zero? Every fucking American with a retirement plan, or an investment portfolio, or a 401k—every state pension plan in the country, every teacher’s pension fund, every fireman’s pension—every last one of them will be wiped out. That’s what the Lehman collapse taught us. … You had Secretary Paulson and Fed Chief Bernanke scratching their asses not knowing what to do, so then they go, ‘OK, we’re supposed to be a free market economy, and we’re supposed to be the Republicans—let’s try something different for a change since nothing else is working. Let’s go out on a limb and actually give this “free market” thing a whirl. Who knows? Maybe the “free market” really works the way we always say it does. Nothing else seems to work, let’s let the free market decide Lehman’s fate. Maybe corporate-socialism isn’t the answer.’ So they hung Lehman out in the free-market, and BAM! The. Shit. Hit. The. Fan. No shit, dudes—the free market is for suckers, didn’t your daddy teach you idiots that? Not only did Lehman collapse—everything collapsed; confidence in the entire system collapsed. And here’s what I’m trying to explain to simpletons like you: Our economy is just a confidence game. Don’t ask me how it got this way, don’t care. … That’s what Lehman showed. Every single player in finance suddenly had to face the fundamental problem—this whole fucking economy is built on fraud and lies and garbage. So when Lehman collapsed, every single player panicked, going, ‘If Lehman was nothing but a Ponzi scheme—and I know what I’m running is a Ponzi scheme—holy shit, that means everyone else is running a Ponzi scheme too! Run for the exits!’ No one trusted anyone else, everyone pulled out, and the entire global economy collapsed just like that. And that meant your parents, my parents, every teacher, every fireman, every person in the country going into retirement, every price on every asset—wiped out. … But that’s another issue that’s over your head—the point is, the guy who destroys this economy because it’s ‘the right thing to do’ will have to flee for his life, and whatever president or political party was in power when that decision was made will be out of power for the next 200 years. That’s why Washington panicked and passed ‘the bailout,’ they didn’t want to be the fools whom all the Ponzi victims blame for tanking the Ponzi scheme, so they broke the glass and pumped up a newer, bigger Ponzi scheme. It was an expensive 14 trillion dollar lesson in, ‘Stay the fuck away from free-market experiments, assholes!’’”

Confessions Of A Wall St. Nihilist: Forget About Goldman Sachs, Our Entire Economy Is Built On Fraud – By Mark Ames – The eXiled

Outrage Over TSA Was Right-Wing PR to Prevent Workers from Unionizing

“Republicans have used this playbook before, of course, it’s just that Wisconsin finally made us all too aware. Perhaps the most obvious example — and the least understood — is from last November, when the same basic strategy was used to wage war against the TSA’s 55,000 employees, who have been locked in a savage decade-long battle to gain the same collective bargaining rights that employees of all other federal agencies enjoy. Unlike in Wisconsin, the Republican right succeeded in burying the story about the TSA employees’ struggle for collective bargaining rights underneath a sophisticated, well-PR’d campaign demonizing TSA screeners as modern-day Gestapo agents, rapists and child molesters.”

By Mark Ames and Yasha Levine – The eXiled.

Wal Mart CEO: ‘Shoppers Are Running Out Of Money’

“Wal-Mart’s core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried. We’re seeing core consumers under a lot of pressure. There’s no doubt that rising fuel prices are having an impact. Purchases are really dropping off by the end of the month even more than last year. This end-of-month [purchases] cycle is growing to be a concern.”

Wal Mart CEO Mike Duke quoted in Money via zero hedge

Wal-Mart has struggled with seven straight quarters of sales declines in its stores.

SCOTUS Knifes Class Action Law

“Honestly, lawyers making millions off class-action lawsuits doesn’t bother me anywhere near as much as the fact that now it’s de facto okay for a corporation to literally defraud millions of people for $20-$50 each on the basis that they could never be sued by those people through a class action. Class action lawyers were serving a valuable (albeit rent-seeking) role of deterring widespread fraudulent nickel-and-diming. Prepare to start seeing all kinds of new illegal fees on your cell phone bills, cable bills, car loan applications, rent, and so forth. Who cares if it’s illegal if it’s uneconomical for your customers to sue you for it? It’s open fucking season on consumers, courtesy of the Roberts court.”

Commenter on MetaFilter.

Faking It

“When you talk about federal spending, you’re overwhelmingly talking about Social Security, Medicare, Medicaid, and defense. And the bulk of the insurance — all of Social Security and Medicare, about 2/3 of Medicaid — is for the elderly and disabled. … Whenever someone talks about making government smaller, he should be asked which of these big four he proposes cutting, and how. If he responds with generalities, he’s faking it.”

Paul Krugman via NYTimes.com.

2 Kinds of Artists

“I just wonder whether we accept only two kinds of artists: starving and filthy rich. Artists in the middle bring up questions about whether art is bourgeois, whether it has value if it is, and whether artists have to live outside of norms in order to make meaningful art.”

Jen Graves via The Stranger