Business, Economics, Media Criticism, Political Commentary

Rick Perry Is An Idiot

16 Comments

At least based on his interview with O’Reilly.

No, the Occupy Wall Streeters are not looking for jobs, Rick. They’re looking for a big paycheck to cash in on their worthless college degrees, if they even have them.

But even worse, knowing that you were going into that interview that you would be asked about the president’s comments about “Americans being lazy” and knowing that your commercial had taken him out of context, in that he was talking about us bringing in foreign investment, did you point out that in fact that the president was wrong, and that there has been abundant foreign investment in the US because much of the money has nowhere else to go?

No, you just double down on the stupid.

Here’s some advice Rick Perry. Either listen to your political advisers, or fire them. Because this was a huge blown opportunity.

Media Criticism, Political Commentary

Since Carl Pham Abandoned Us

36 Comments

George Turner has become my favorite commenter:

I’ve been amused by all the liberals who keep pining away for OWS to become a real force for social[ist] change. They keep writing articles and posts saying “Let’s hope the OWS leadership is wise enough to do X and Y and then perhaps even Z,” giving advice about how they would run the movement and imagining a scenario in which the OWS folks aren’t a dysfunctional group of morons.

I’m tempted to comment “and if only monkeys would get organized and build a banana farm! It’s nice to dream about a world where chimps were smart and could accomplish anything, with of course you as their leader, but sorry, they’re chimps, OWS is chumps, and neither will accomplish anything more than screeching, flinging poo, raiding piles of food, causing local chaos, and picking lice out of each other’s hair. The most we can hope is that some budding Jane Goodall will study their behavior and explain up-twinkles to the rest of us.”

He should start a blog. Or join mine #EmailMe

Business, Economics, Political Commentary

The GM Bailout

4 Comments

The losses are going to be massive:

The $23.6 billion represents a 25 percent loss on the feds $60 billion direct “investment” in GM. But that’s not all that taxpayers are on the hook for. As I explained previously, Uncle Sam’s special GM bankruptcy package allowed the company to write off $45 billion in previous losses going forward. This could work out to as much as $15 billion in tax savings that GM wouldn’t have had had it gone through a normal bankruptcy. Why? Because after bankruptcy, the tax liabilities of companies increase since they have no more losses to write off.

This means that the total hit to taxpayers, who still own about a quarter of the company, could add up to $38.6 billion. That’s even more that the $34 billion on the outside I had predicted in May.

But it’s OK, ‘cuz the president’s campaign supporters got paid off.

Biting Commentary about Infinity…and Beyond!