The Border 16 March 2009Posted by marisacat in 2010 Mid Terms, Border Issues, California / Pacific Coast, Democrats, Inconvenient Voice of the Voter, Lie Down Fall Down Dems, Mexico, WAR!.
Calexico, California, USA: A border patrol vehicle drags sand to make any new footprints of border crossers more visible, along a recently constructed section of the controversial US-Mexico border fence Photograph: David McNew/Getty Images
I suppose it is the effect of constructing a fence on what is mostly sand… but could it look more other worldly AND more martial, at once?
Rogoff (vid embedded, interview with Brancaccio) has some sane and logical takes on the near(ish) future…
* May take 2 years before housing bottoms
* Ditto for equity markets
* Expects 1970s-like inflation when we come out of recession.
* Could have decade of Japanese in-and-out-of-recession if we don’t seriously deal with banking system.
But I say: NO! Remember the Good Times! When Jesus spoke from the retail politics stump (we got schtupped is all I can say!)…
Believe the Belief! Clap! Clap some more! Maybe it works. If not you did not clap hard enough. Remember: peons own their failure!
[A]merica, this is our moment. This is our time. Our time to turn the page on the policies of the past. Our time to bring new energy and new ideas to the challenges we face. Our time to offer a new direction for the country we love.
The journey will be difficult. The road will be long. I face this challenge with profound humility, and knowledge of my own limitations. But I also face it with limitless faith in the capacity of the American people.
Because if we are willing to work for it, and fight for it, and believe in it, then I am absolutely certain that generations from now, we will be able to look back and tell our children that this was the moment when we began to provide care for the sick and good jobs to the jobless; this was the moment when the rise of the oceans began to slow and our planet began to heal; this was the moment when we ended a war and secured our nation and restored our image as the last, best hope on earth.
This was the moment—this was the time—when we came together to remake this great nation so that it may always reflect our very best selves and our highest ideals. Thank you, God bless you, and may God bless the United States of America.
Xerox it and pray. Pray some more. They say it works.
hmm life is hard all over.. I just read at Clusterstock that Mme Madoff was spied faxing. From a deli. Pastrami on rye, to go!
UPDATE, 4:29 PM on the Pacific Ocean… (til we fall in)
Oh it is not fair to laugh, really. Then again it is fun… I was tired, years ago, of people in charge or parsing for those in charge, claiming all they know is from the fucking media. “Again, all I know is what is reported, I am reading the same news reports as you are, yada yada yada”…
And Gibbs does it here.
Today’s Qs for O’s WH – 3/16/2009
March 16, 2009 4:03 PM
TAPPER: You guys first found about these bonuses last week?
GIBBS: I think that’s true, based on what I read in the newspaper.
TAPPER: But you gave money to AIG two or three weeks ago?
TAPPER: How could you not know that they have these millions — hundreds of millions dollars…
GIBBS: Well, again, there’s — there’s — according to the news reports, there’s existing contracts, some of which the — or of which the president has asked the secretary to examine going forward. I think you also heard the president speak today about having a resolution authority that gives the government and taxpayers far more flexibility in dealing with the disposition of AIG in a way that gives taxpayers protection and flexibility — disposition that we don’t currently have, but steps that we would like to see taken in order to deal with AIG as a whole.
TAPPER: Why didn’t you attach it to the $30 billion you gave a couple weeks ago?
GIBBS: Again, Jake, the…
TAPPER: You’re looking to retroactively attached it to the new $30 billion.
GIBBS: Well, they’re looking through contracts to see what can be done to wrest these bonuses from their recipients.
TAPPER: I’m sorry, just — I don’t understand, so maybe I’m just not understanding, but President Obama said in early February, right when he gave his speech on executive compensation, “these kinds of compensation packages in the midst of this economic crisis isn’t just bad taste, it’s bad strategy, and I will not tolerate it as president. We’re going to be demanding some restraint in exchange for federal aid.” Since that time, he gave tens of billions of dollars in federal aid to AIG without demanding restraint.
GIBBS: Well again, Jake, we’ve got existing relationships, contracts, as I just mentioned, that were negotiated a year ago, assistance that was granted outside of the legal authority prior to the creation of the troubled asset relief program. The president has asked the administration to go back and look at what remedies are possible to block those bonuses.
TAPPER: But why didn’t he do that before?
GIBBS: Well, again, the excessive compensation rules that you’d noted, and I think somebody asked this at the background briefing that we had, obviously are prospective based on some limitations that we have in looking backwards. The president has asked Secretary Geithner and members of the administration to exhaust all legal remedies in looking backwards to see what steps could be taken to block these bonuses.
TAPPER: No, but since — and I’m sorry to belabor this point — but since President Obama gave the speech, you guys gave more money to AIG. Why wasn’t it attached…
GIBBS: Again, this is…
TAPPER: … to the new money?
GIBBS: Because it’s, again, it’s part of the…
TAPPER: Part of the old contracts.
GIBBS: Right. It’s part of…
TAPPER: But you’re looking to now retroactively see if you can attach something to that old money.
GIBBS: That’s what we’re looking at.
TAPPER: But why didn’t you do it at the time, if you’re looking to retroactively do it.
GIBBS: The administration is taking the steps today to go back and see what can be done…to claw those bonuses back.
So reassured. They have it in hand. Whoever ”they” are, whatever ”it” is, it’s all under control.
Two Weeks Ago: White House Says It’s Confident Obama Administrations Knows How AIG Billions Are Being Spent
March 16, 2009 5:03 PM
From White House press secretary Robert Gibbs’ briefing two weeks ago, when $30 billion in additional funds were announced for AIG.
TAPPER: AIG, is the administration confident that it, that it knows what happened to the tens of billions of dollars previously given to AIG?
GIBBS: Is it confident — I’m sorry?
TAPPER: That they know — that you guys know what happened to the previous billions before you hand over this next $30 billion.
GIBBS: Yes — yes, the — I mean, I don’t think it’s a — well, obviously, you’ve got a huge insurance company that is losing money, not the least of which because of its sheer size and sheer size and decrease in the growth in our economy. It experiences a far bigger drop, largely because of its size. But, again, the steps that — that Treasury and — and others took were to ensure a larger systemic problem wasn’t one that we had to deal with here today in letting something just die.
TAPPER: But in terms of specifically the — I guess it’s like $150 billion before, you guys are confident…