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Markets tanking! Obama's second chance?

As I write this the DOW is down nearly 400 points! Sky is falling. European Banks are in crisis. Obama needs to get a plan. Fed needs to get a plan. Super committee needs to get a plan. Wait, the French banks are the problem, they are dumping gold in scads! Hold on, the price of gold is going up. Did you notice that oil dropped below $80? Toomey on the super committee, a tea party favorite--but he wants to reform the tax code so G.E. can't get away with paying no taxes.

is the norquist tax pledge constitutional?

Actually my original intent was to ask if the pledge signed by Republicans is an act of 'treason". One definition of treason is "the betrayal of one's own country by waging war against it or by consciously or purposefully acting to aid its enemies." In the case of the Republicans in Congress, no one could ever prove "conscious". But Republicans may have given aid and comfort to China, our military competitor.

Jeff immelt, you need to rescue this dog!

An underweight dog limps onto your property. Her eyes slay you. She's been running the roads of Fairfield county for months, fighting for food. She looks up at you as if to say,"
I'm tired now. I need a hand"

You make a gut decision, not a corporate one. You say to yourself, "I'm going to rescue this dog". After a few weeks of nourishment and vet bills you discover you were the one rescued. You become less selfish. And you are happier for it.

The oval office needs a new dog.

Letter to President Obama.

Sir, we have both come by "rescue" dogs recently. Yours is a Portuguese Water Dog and mine is a Chesapeake Bay Dog. I love dogs and nothing against your dog Bo but anyone can see your dog is a foreigner. The Chesapeake Bay dog was developed in America, not a socialist country which bankrupted itself.

"VOUCHER" RHYMES WITH "OUCH" AND "SLOUCHER"

Frank Luntz must be working overtime to re-brand the Ryan Budget.

Always the cockeyed optimist about the fortunes of Democrats, I think the Ryan Budget spells doom for Republicans in 2012-- because of Republicans' serious miscalculations about what voters expected of them and then--egads, in what is normally a Democratic style faux pas, going on record on the thing with a HR vote by 235 members.

Recent polls are very convincing that the public hates the idea of killing Medicare and substituting VOUCHERS.  OUCH!--sudden pain--what to do.

ARE BERNANKE'S PIPES LEAKING?

Several days ago I received a bad report on the cottages I built last summer on country property.  Seems that not enough care was taken to insulate the pipes from the deep freeze that has engulfed the Great Plains. The pipes froze and burst. Now as the frozen pipes thaw out water is leaking everywhere and is not reaching, for example, the commodes--which is probably a good thing because the commodes are cracked.

DIMON APOLOGIZES FOR JUVENILE DELINQUENTS

Jamie Dimon is on a public relations kick to sweep the financial crisis under the rug so that JPM and the other mega banks can continue their strangle hold on American capital.

At Davos, Dimon whined that people should stop bashing bankers.

A STRANGER CAME TO TOWN

A Presidency can be about programs and policies. A Presidency can also be a story about a man and a journey.

The writer John Gardner claimed that there are two basic story forms -- "A Stranger comes to Town" and "We go on a Journey".

Taken as story President Obama's first two years in office overlooked both basic forms.

FsOCK YOU, GEITHNER. BUT THANKS.

Geithner's latest FSOC report attempts to buttress JPMorgan but unwittingly provides Progressives a road map to real reform.

Simon Johnson made mince meat of Geithner's latest report which blatently attempts to enable the, imo, Daley-Dimon plan to expand JPM.  www.economix.blog.nytimes.com/2011/20.

But thanks to Geithner, the report is the perfect bogey for Progressive bank reformers to dissect for years to come. In other words if this is the best they can do in defense of the status quo, it's a rich target.

RUSSELL CROWE TO HEAD CONSUMER FINANCE BUREAU

0f course not,

but a Progressive guy can dream can he? 

A WSJ article today reports that Elizabeth Warren is looking for a Bureau Chief for Obama to send up to the Hill. For once wouldn't we like to see a working class upstart with street smarts and the ability to stare down the opposition go into the confirmation hearings and sell the country on why financial reform is self-evident and urgent? In otherwords a person with the opposite image of a Timothy Geithner?

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