corporations
Biden Time
After all is said and done I think Biden was a one-sided selection. If you have had any news
on then you’ve heard how he will shore up Obama’s lack of foreign experience and it could be said help Obama’s lack of experience in total. Biden is also supposed to be a good attack dog which will allow Obama to stand above that sort of thing. Overall, he will help Obama nationally with the independent voters.
However, I am guessing that the core Democrats involved in this race are not happy. To be honest, the Clinton supporters would not be happy with anyone other than Hillary. I think they might have been more understanding if Obama had picked some outsider. Instead they go with someone who is old school, which she is, too. Why go for someone with a good resume when you could have someone with a great resume? And already PUMA is arguing that Biden had a whopping 9,500 votes during the primary vs. Hillary’s 18 million. (I know it isn’t a fair comparison as Biden dropped out early but who ever said politics is fair?)
But it is the core Obama people who are also rumbling a little bit this morning. Obama’s entire campaign is based on change. But his first important decision to select his running mate and he completely turns his back on the idea of change. Instead of an outsider he went with Biden who is yet another old white guy who has been in DC since Watergate. Or as I heard one African American reporter tell it - she wasn’t even born when Biden was first elected.
I would also think that Obama’s advisors aren’t that pleased either. There are two primary jobs for a VP candidate. The obvious one is to step in as President in case the President is unable to perform his job. The other purpose of a VP is to bring in votes that the President elect may not have been able to capture himself. I am not sure how much Biden will help Obama in this. In the past VP candidates have come from large electoral states or from swing states or from geographical areas that normally go for his opponent.
As everyone now knows - Biden is from Delaware which has a whopping 3 electoral votes. Nor is Delaware a key transitional state. Some analysts are saying that Biden may not readily have a large group of people that will now be for Obama. But he might have large corporations and big bucks behind him. And every candidate always could use more money.
Later today Obama and Biden will officially announce this in Springfield Ill. (And didn’t Obama’s idea of texting his supporters first backfire. But more on that another time.) Anyway, back to the picture of the two of them standing together, most likely with raised hands held together as you always see it. And how will that look? How will America react to this picture of a youngish good looking black man holding hands with an old grey haired white man? In spite of what the picture might indicate, is America ready for an African American President?
Now that the Olympics are wrapping up tomorrow, let the real games begin!
AMERICANS SUFFER WHILE CONGRESS AND CANDIDATES ARGUE
ALARMING PERFECT STORM SLAMS STOCK MARKET
Upon news of a “perfect” storm the DOW collapsed today dragged backward by record per barrel oil, threats of corporate tax increases and windfall profit taxes, new taxes on investors, opposition to increasing domestic oil production and $7 per gallon fuel costs that impact companies from General Motors to Blackberry and predicted declining sales and earnings. Countrywide announced it is cutting 7,500 jobs.
The GOP introduced a bill in Congress to increase domestic oil production including offshore drilling and dropping the oil shale moratorium, adding incentives for alternative fuel vehicles, restrain speculators and keep away from ANWR.
Barack Obama spoke platitudes about “setting goals for energy” as the stock market collapsed he said the Federal Reserve needs from Congress, and called for a second stimulus package. He said the problem now is much more serious than in the early 1990s. He said ending the Iraqi War would help the domestic economy. He had no concrete suggestions. Clearly Obama is banking on a basket of untested and as yet undeveloped techniques to replace oil based fuels but nothing to change anything for 10 years. As he spoke oil touched $140 a barrel and the DOW averages dropped 358 points.
Once More Into the Breach - John McCain
Pony-tailed, Tie-Dyed Bongo Drummers Against McCain’s Offshore Oil Drilling
The apparent Republican Presidential nominee Senator John McCain stuck his head into the environmental lion’s mouth at a town hall meeting Tuesday in Santa Barbara, California touting his offshore oil drilling banner and drawing the ire of local anti-oil activists. An increasingly unpopular California Governor Schwarzenegger who opposes offshore oil drilling also attended.
The usually timid local Congresswoman Lois Capps (D) chastised McCain for calling for more offshore drilling virtually on the hallowed site of the 3 million gallon 1969 oil well blow out that coated local beaches, launched the modern environmental movement and made Santa Barbara an obligatory political stop to bash offshore drilling which McCain did himself during his 1980 campaign. Capps took pains to read Obama talking points criticizing McCain’s idea as continuing Bush-Cheney policies. Santa Barbara City Councilman, liberal Democrat up and comer and Obama supporter Das Williams blasted McCain in the Las Angeles Times saying, “What we are seeing is just a shameless amount of opportunism from Mr. McCain.”
Six out of ten Americans now support more offshore oil drilling to increase supply and eventually lower gasoline and diesel prices. But an overwhelming majority of California “left coasters” oppose it. In fact Capps’ 23rd District was gerrymandered in 2000 to give her a safe entirely coastal district that runs from Monterey into Los Angeles Counties and in places is only six inches wide gaining the national title of the “ribbon of shame” as the most contorted district in America.
The McCain town hall event followed a $1,000 per person fund raiser Monday night attended by about 200 including the usual freeloaders. Oprah Winfrey hosted a record setting multi-million dollar fund raiser in Santa Barbara a few months ago, and Rudy Guiliani also dipped into local pockets before his campaign imploded. Once conservative the Central California coast has definitely gone liberal with Democrat majorities in Ventura, and Santa Barbra Counties, and while San Luis Obispo County clings to a Republican voter edge the June primary there elected a liberal majority to its Board of Supervisors. John Kerry carried Santa Barbara County in 2004 and McCain trails in California from 20-30%.
“Running Out of Oil” Utter Nonsense.
Oil, Oil Everywhere And None Of It To Use
Three Americans want more oil drilling and 2 do not. There is a lot of hocus pocus about it. Relevant facts include: the outer continental shelf would yield 14 billion barrels of oil. ANWR would yield 10 billion barrels. Rocky Mountain oil shale in Colorado, Utah, and maybe Wyoming, would yield 2 trillion barrels. Since the first oil was extracted in Pennsylvania in the 1850s to the present, we have used 1 trillion barrels of oil.
This does not include the recently discovered oil reserves in North Dakota. We yet do not have a reliable measure of what is there but some engineers estimate that we are talking about at least 50 to 100 billion barrels of oil.
We have been told for years that we will be running out of oil any year. That is utter nonsense.
Right To Free Speech Does Not Make The Speech Right.
Verizon, Sprint and Time Warner Cable have agreed to block access to child pornography and eliminate the material from their servers on a nationwide basis thanks to a settlement brokered by New York’s attorney general. The agreements follow an undercover investigation of child porn newsgroups. Last year New York reached agreement with the social networking sites MySpace and Facebook to toughen protections against online sexual predators. So-called 1st Amendment activists have objected saying “free speech” must be protected at all cost. Verizon and Time Warner Cable are two of the five largest internet service providers in the world. Verizon has 8.2 million subscribers and Time Warner Cable’s Road Runner has 7.9 million. Sprint is one of the three largest wireless companies in the United States. Child safety advocated point out the right to free speech does not make the speech right.
Will MSNBC’s Chris Mathews Run For Senate?
MSNBC’s highly-partisan Chris Matthews, the ‘Squeaky’ voiced maestro of MSBNC, is thinking about running for Senate in 2010 now that Arlen Specter’s cancer has returned. ROGER J. STONE JR. says on The StoneZone website Matthews is a celebrity in his own mind. Even in the pre-national network days, he would spend a half hour combing and re-combing his hair in the mirror. He loves the sound of his own voice and ogling attractive women is a standard part of his act.
Stone’s conservative credentials go back about as far and are as deep as Mathews liberal connections and record. The nightly Hardball honcho served in left winger Eugene McCarthy’s anti-Vietnam war camp; worked for Senator Ed Muskie, ran for Congress in 1974 getting a miserable 23%, was a Carter speechwriter before making his bones as a top aide to long-time Speaker of the House of Representatives Tip O’Neill. Matthews contends he voted for Bush in 2000 but, his anti-war, draft dodger history has retransformed and ensconced him in the left ditch where he has lead the liberal sharpshooter squad against Hillary Clinton.
Perhaps Mathews most Michelle Obama-like quote has been “We’re at war. We have to root for the country to some extent. You’re not supposed to be too aggressively critical of a country at combat, especially when it’s your own.” Cute.
My bet is unless Specter’s seat goes open in 2010 or before and a chump is running for it — Matthews won’t run lest he ding his carefully and oft self-polished image, and especially so that NBC and MSNBC act more like the Hatfield’s and McCoy’s than supposedly complimentary news outlets.
“Suicidal Oil Avoidance Policy” is Pure Pandering Hypocrisy
It was suggested elsewhere on hypocrisy.com that partisan environmentalists are responsible for a suicidal oil avoidance policy. That sounds like the paid comments of the oil lobby. Maybe even a lobbyist for Bush or McCain who are dependent on big corporate money to sustain their failed policies on all fronts.
Big Oil is deeply rooted in the Republican Party and it is an unholy alliance just like the drug companies and other abusers of the public trust. As long as they hold sway, we will never find alternatives to the earth destroying use of petro based energy and manufacturing.
If the Bush Administration had not delegated all of it’s energy policy discussions early in their eight years to the secretive Cheney Corporation which held fact finding and policy guiding meetings with only one side of the equation present, the current price of gas at the pump would be a lot lower than it is today.
Bush, Cheney and he other neo cons have not only missed the boat in foreign policy, energy policy, health care, national security and education, they have set us back decades when the rest of the world is advancing.
Jerry Ford once said something like our national nightmare is over. I am not prepared to say that until Barack Obama is installed in office in January 2009.
Dizzy’s Ten Post Round-Up
GlassGiant.com” hspace=”0″ vspace=”0″ width=”228″ height=”117″ />Posting from an “undisclosed location”, I am battling the horror of a much slower connection to get this Round-up to you, this morning. If I get lucky (yes, that’s exactly what I mean), you probably won’t hear from me, tomorrow, so do me a favor and go out and make it a great day! In the meantime, indulge in today’s Ten Post Round-Up:
1: This ain’t your Daddy’s “middle class”….
(Not) Keeping Up with Our Parents: Just Being Middle Class Is Becoming out of Reach–AlterNet
2: Our failing economy is as a direct result of the U.S.A.’s failed foreign policy…
3: George Takei (”Star Trek’s, “Sulu”) speaks out on marriage equality, Japanese-American internment, and his upcoming nuptials, which, after 20+ years together, are finally legal in California…
4: Soldiers encouraged to start blogging…
5: Business is well within its rights to not hire smokers, but is it within its rights to test employees or potential employees for imbibing in an otherwise legal substance, such as tobacco?…
Sarasota County Announces that It Will Not Hire Smokers; Medical Test Required for Employment to Confirm Non-Smoking Status–The Rest of the Story: Tobacco News Analysis and Commentary
GM CEO Predicts Bankruptcy

In a letter to shareholders General Motors’ Chairman and CEO Porter Stansberry says he sees light at the end of the tunnel but it is a GM bankruptcy and that a company cannot suffer 40 years of bad decisions, bad ideas, and bad debts and expect to compete with the rest of the world’s automakers.
He says, “what’s killing us is a legacy of debts and obligations we cannot possibly repay.” Stansberry says, “nor do we have any pleasant way to repudiate our promises. The only answer is bankruptcy.” He likens it to promises made under Social Security saying, “we cannot make enough money selling cars to afford the service on our $33 billion debt load, ” and “or the $11 billion we owe in cash pensions. These debts are killing us.” He thinks, “we’ve finally entered the end stage – the death spiral.”
“Given our current burn rate, I estimate we will declare bankruptcy in a little more than three quarters, “he predicted.
Toyota pays workers $43 an hour to make cars in the U. S. but the United Auto Workers demand $67 an hour from GM, Ford and Chrysler. Plus, they make cars that consumers judge to be inferior. Turn out the lights the party is over in Detroit, and Dearborn.
Dizzy’s Ten Post Round-Up
I don’t know if the electorate are really bitter or not, but today’s Ten Post Round-Up will probably leave a grimy taste in your mouth:
1: So it seems that the only people that benefit from your college education is the college and the banks that issue student loans…
America’s Most Overrated Product: the Bachelor’s Degree–The Chronicle of Higher Education
2: Glass houses come to mind…
You Can’t Complain About Sexism If You Participate In It–The Democratic Daily
3: Single mom flips the script and sues RIAA…
Accused music pirate turns the tables on the RIAA–Geeks Are Sexy
4: Dizzy is a sucker for true crime murder mysteries…
Smiley Face Killers: All About The Growing Mystery Gang–The Huffington Post
5: Wright-Obama controversy: An interesting perspective on why religion and politics should stay separate…
Separation of Church & State Really of Religion & Politics.–Hypocrisy.com
Dizzy’s Ten Post Round-Up
Yes, today’s Ten Post Round-Up is as cold as the Colorado mountains:
1: thepoetryman has something to say about the FLDS Church…
2: More “supporting the troops” by the Bush Administration…
3: A case where “what happens in Vegas…” won’t be staying in Vegas…
4: You thought your health care plan was expensive before, wait until you get sick with a serious illness…
5: Not able to find enough diplomats to volunteer for duty in Iraq, the State Dept. will now start drafting them to go…
State Department warns diplomats of compulsory Iraq duty–Minstrel Boy
6: Another school kid calls out the big dogs on their errors…
German schoolboy, 13, corrects NASA’s asteroid figures: paper–PHYSORG.com
7: Japan has joined in the war against fat people….
8: McCain wants to suspend the gas tax for the summer…
9: There’s a problem with your cereal and it’s ten years old…
Marler Clark Sees Pattern in Malt-O-Meal Salmonella Outbreaks–Signs of the Times
10: This is so typical of our politicians, these days, it comes as no surprise that they would start off with a bill to help homeowners and end up giving the bulk of the “help” to big business, instead…
277 días hasta el final de un error…
Peace.
Dizzy’s Ten Post Round-Up
Try dancing around today’s Ten Post Round-Up:
1: If sisters are doing it for themselves, how come movies and television are not representing them properly?…
2: Things not so comfy cozy on the housing front between GWB and the GOP?…
Bush throws GOP Senators under the bus on the bi-partisan housing bill–AMERICAblog
3: Those rebate checks might not arrive in time to do the economy any good, but at least the average Jane and Joe can maybe pay off one more bill before finally hitting the skids…
It’s official now: George W. Bush is today’s Herbert Hoover–Brilliant at Breakfast
4: Milestones and reminders on the road to victory in Iraq: Are we there yet?…
5: They’re gonna git cha, so ya better pay up!…
6: They have all this money, yet, they are still relying on the US for financial help? Excuse me while I beat up my desk with my forehead…
7: Just one more thing for the cash-strapped working poor to worry about: Fraudulent rental agreements that leave them out on the streets (after handing their first and last plus security to a complete stranger who disappears into the night)…
8: In a “real” free-market system, this makes perfect sense. Everyone is going broke, you gotta be able to make money where you can and if the whole world suddenly is starving, the last thing a hungry fisherman is going to be concerned with is the purple-bellied flying carp and whether or not it’s extinct…
9: I miss the old “Dr.” Phil: “You shouldn’t shush a nation when a president decides he’s gonna go to war. If we ever need the First Amendment, we need it then”….
Phil Donohue Stands Up For Free Speech In A Time Of War–News Hounds
10: I’ve said it before, being a friend of GWB and company means never having to say you’re sorry…
Oh, I definitely need more coffee!
ABSOLUT(E) FAUX PAS LEADS TO FURBALL.
MEXICO CITY — The Swedish Absolut vodka company apologized Saturday for an ad campaign depicting the
southwestern U.S. as part of Mexico amid angry calls for a boycott by U.S. consumers.
The campaign, which promotes ideal scenarios under the slogan “In an Absolut World,” showed a 1830s-era map when Mexico included California, Texas and other southwestern states. Mexico still resents losing that territory in the 1848 Mexican-American War and the fight for Texas independence.
Radical groups still contend the southwestern U. S., including California and even Oregon, is territory that should be reconquered by Mexico. Pundits often cite the “invasion” of illegal Mexicans and others that have flooded across the southern U. S. border as an artifact of reconquest.
Wear Rubber Gloves When Using Your iPod.
Some of today’s hottest gadgets from Apple iPods, digital picture frames sold by Target and Best Buy stores and TomTom navigation gear, are landing on U. S. store shelves complete with computer viruses that automatically download personal information. In many cases the source is China. When one LA based computer expert plugged an electronic frame into his Windows PC, his antivirus program alerted him to a threat. The $50 frame, built in China and bought at Target, was infested with four viruses, including one that steals passwords. Who’s watching – nobody who can even turn on a light switch. Lesson– caveat emptor (“let the buyer beware” for UC graduates).
Red Light Cameras. There to protect you?
Researchers at the University of South Florida College of Public Health are calling into question some accepted science data about red light cameras and safety. In the view of lead author Barbara Langland-Orban, professor and chair of health policy and management at USF College of Public Health, “The rigorous studies clearly show red light cameras don’t work.”
“Instead they increase crashes and injuries as drivers attempt to abruptly stop at camera intersections. If used in Florida cameras could potentially create even worse outcomes die to the states high percent of elderly who are more likely to be injured or killed when a crash occurs.” This was reported in Science Daily(mar 12,2008)
The logic behind cameras at red lights is of course, to try to get people to obey the law for fear of getting a ticket in the mail. The reality, the research suggests, is less clear due to “research design flaws” like incomplete data and perhaps more importantly and more pertinent to this post the connection with funding from the insurance industry.
Now what would the insurance industry have to do with this research and why would they “slant” the evidence in a way that would in any way increase accidents? Well, while even the most jaded amongst us might not be able to believe that an industry that has been proven capable of denying rightful compensation to its insured( no, no liver for you) and has been accused of having systematic “McKinsey documents” for systematically denying compensation to victims in car crashes, it seems hard to believe they would want to cause more car crashes. Hard but not impossible.
But you don’t have to believe that “crazy” idea to believe that the insurance companies have some financial interest to gain from the cameras at red lights. Does your insurance go up if you get a citation?
And where the money interests drive the study of science and not the hunger for knowledge the outcome of that science must be questioned.
It is thought by some that these cameras may case more accidents when motorist stop when they should not in an attempt to NOT get a citation and in doing so cause an accident. In the interest of public safety more studies must be done on this before these camera become more widespread. The studies should be done by independent sources and the insurance company should not profit from any new citations from these cameras until this is resolved.
For the insurance company to make money from a creation of their own with dubious health benefits would be, dare I say it, hypocritical.
Are Visa and MasterCard hurting capitalism?
What happens when a company’s (or industry’s) activities exert a negative effect on the market?
It’s a subject I broach lightly, because I know that criticizing a particular company’s practices when they are not outright illegal can be seen as criticizing the market itself. I’m a firm believer in capitalism. The dog-eared copy of Rand’s “Capitalism: The Unknown Ideal” on my shelf is testament to that (and it’s much better than her turgid, unreadable novels).
However, through the consulting work I’ve done over the past year with a merchant coalition (unfaircreditcardfees.com) I have come to think that what Visa and MasterCard are doing with their merchant fees, known in the industry as “interchange fees,” rises to the level where a legislative remedy may in fact be necessary.
It’s unfortunate when it comes to this. It’s a market failure, and we have to be very careful in defining things.
But the fact is, U.S. interchange rates are among the highest worldwide precisely because the fees are set in secret and hidden from view. Raising interchange fees is how Visa and MasterCard encourage banks to issue more cards, and as long as rising rates are kept top secret, consumers have no way of knowing the extra costs they are paying. Visa, MasterCard, and the big bank credit card issuers win. Only merchants and consumers who are kept in the dark lose. That’s a a functioning market?
Visa and MasterCard operate like price-fixing cartels and violate federal antitrust laws. Visa issuers collectively set credit card interchange fees in secret and MasterCard issuers separately do the same. The fees can’t be negotiated and are not adequately disclosed to merchants or consumers. That’s why credit card interchange rates rise rapidly despite improved processing technology, consistently low interest rates, and rapidly rising card volume.
That doesn’t sound like a functioning market to me. If you’re still reading, I’d be curious to hear what y’all think.
(Note: Cross-posted from RedState)
NEW YORK TIMES LATEST UGLY
Those slobbering over the unsourced New York Times expose’ alleging SENATOR JOHN MCCAIN’s romantic affair with a woman telecommunications lobbyist and favoring her clients should recall: (1.) The New York Times cited Kitty Kelly 1991 book “Nancy Reagan: The Unauthorized Biography” alleging NANCY REAGAN had White House tryst with FRANK SINATRA and made the story big news despite no evidence, and (2.) the NYTs virtually ignored Juanita Broderick’s substantive allegations that Bill Clinton, while ARKANSAS ATTORNEY GENERAL, had raped her. Kelley was herself the subject of a highly critical book, Poison Pen (1991), by journalist George Carpozi, Jr. in September 1997. TIME magazine reported that most journalists believe Kelley “too frequently fails to bring perspective or analysis to the fruits of her reporting and at times lards her work with dollops of questionable inferences and innuendos.” This partisan New York Times “poison pen” attack is helping McCain solidify conservatives, even Rush Limbaugh. The New York Times is helping McCain and reminds me why I cancelled my NYT subscription. It may believe anything is worth staunching falling subscriptions, tumbling ad revenues, and a deflating reputation. It is still stinky, tawdry and inexcusable.
GREENSPAN — RECESSION IS 50-50.
Former Federal Reserve Chairman Alan Greenspan told about 1,100 energy industry executives, academics and others Thursday night the American economy is “clearly on the edge” of a recession, and has a 50-50 chance of tipping over into it. Greenspan said the depressed housing market as a primary culprit. Greenspan’s prediction came several hours after his Federal Reserve successor, Ben Bernanke, told Congress the economy is deteriorating, but he still looks for slow growth as 2008 transpires. HYPOCRISY.com has proposed a HOMESTEAD ACT of 2008 to help relieve the economic stress of the subprime mortgage mess and declining housing market.
