Obama Best for Independence Day

And by Independence Day, I don’t mean the event next week, I mean the movie.

A new National Geographic poll (done in conjunction with their new series “Chasing UFOs”) found that almost 65% believe that President Obama would handle an alien invasion better than Mitt.  Aliens meaning extra-terrestrials, not Mexicans.

I find this interesting, given that so often in his off-the-cuff comments Mitt sounds like a Conehead.

GOP Nominating Mitt-stake

Conventional wisdom says that undecideds generally end up voting against the incumbent.  But a look at the internals in the latest PPP Ohio presidential poll shows something very interesting.  President Obama’s approval/disapproval rating among undecideds is a very bleak 9/65.

This would seem to bode very well for Mitt in a swing state Obama won last time.  But Mitt’s favorable/unfavorable rating is an equally dismal 9/61.  People just can’t stand the guy.

This is an election the GOP should win, and win handily.  Maybe they will.  But they certainly made life more difficult for themselves by nominating Mitt.

Merkel — Euro Bonds Over My Dead Body

With France, Spain, and Italy supporting euro bonds (shared European debt), Germany’s Angela Merkel told them to fugeddaboudit:  “I don’t see total debt liability as long as I live.”

There’s another EU Summit this Thursday and Friday, but I think they’re running out of road to kick the can down.

This isn’t going to be pretty, either in Europe or here.

If you’re Mitt, it’s all good.   For the President and the rest of us, not so much.

 

Quote of the Day

Today’s quote is dedicated to Lonesome George:

“We are the children and inheritors of a culture that has banished God to heaven.  Early Christianity persecuted and ultimately largely extinguished any earth-based spirituality, and the physical world became a place of darkness and sin.  Then after the age of Enlightenment, the prevailing world view that grew out of Newtonian physics framed the world as an inanimate mechanism we could easily master, indeed were meant to master; we simply needed to discover its laws to tame it to our own ends.  As a legacy of that view we have developed a materialistic culture that treats the earth as a commodity that exists to serve our own selfish purpose.  Our greed now walks with heavy boots across the world, with complete disregard for the sacred nature of creation.”

Llewellyn Vaughan-Lee, Prayer of the Heart in Christian & Sufi Mysticism

Swing State Polls

Some fresh polling out of Ohio, Virginia, North Carolina, and Colorado.  Remember that polls of likely voters are more reliable than those of registered voters.

Ohio (PPP, registered voters) — Obama up by 3, 47-44%.

Virginia (WeAskAmerica, likely voters) — Romney up by 5, 48-43%.

North Carolina (Rasmussen, likely voters) — Romney up by 3, 47-44%.

Colorado (WeAskAmerica, likely voters) — Obama by 4, 47-43%.

Disney Glorifies Rebekah Brooks

Why is Disney glorifying Rebekah Brooks?  The heroine of Disney’s new animated feature Brave may be called Merida, but she looks exactly like Brooks.

Why would Disney want to  make a role model of a power-mad woman who flattered and toadied to prime ministers and media moguls to get ahead, her ethics and morals as tousled as her riotous red locks, who would interfere with the murder investigation of a child to further her demented ambition?

Becky Brooks makes Becky Sharpe look as selfless and virtuous as Melanie Hamilton Wilkes.  Becky Brooks belongs in a prison cell, not an animation cel.

Krugman Blasts Fed

From  “The Great Abdication,” Paul Krugman, NYT:

“Ben Bernanke…has warned in particular about the damage being done to America by the unprecedented level of long-term unemployment.

“So what does the Fed propose doing about the situation?  Almost nothing.  True, last week the Fed announced some actions that would supposedly boost the economy. But I think it’s fair to say that everyone at all familiar with the situation regards  these actions as pathetically inadequate — the bare minimum the Fed could do to deflect accusations that it is doing nothing at all.

Why won’t the Fed act?  My guess is that it’s intimidated by those Congressional Republicans, that it’s afraid to do anything that might be seen as providing political aid to President Obama, that is, anything that might help the economy.

“None of this should be happening.  As in 1931, Western nations have the resources they need to avoid catastrophe, and indeed to restore prosperity — and we have the added advantage of knowing much more than our great-grandparents did about how depressions happen and how to end them.  But knowledge and resources do no good if those who possess them refuse to use them.

“And that’s what seems to be happening.  The fundamentals of the world economy aren’t, in themselves, all that scary; it’s the universal abdication of responsibility that fills me, and many other economists, with a growing sense of dread.”  Emphasis added.

Obama’s Bloody Thursday

If I worked at the White House, I’d get in extra early on Thursday, having had valium for breakfast.

The Supreme Court will announce its decision on Obamacare, and the House will vote on whether Eric Holder is in contempt over Fast and Furious.

Some early Fourth of July fireworks will be exploding at 1600 Pennsylvania Avenue.

Note to Sasha and Malia — You don’t want to ask for a raise in your allowance on Thursday.

Note to Bo — You don’t want to mess on any carpets on Thursday.

Note to Michelle — You don’t want to make a fuss if the Prez has a cigarette (or half a pack) on Thursday.

 

 

A Fraud Within the Fraud

People, if you’re looking for the personification of chutzpah, we have a winner!  He is J. Ezra Merkin, hedge fund manager.

New York Attorney General Eric Schneiderman announced that Merkin will pay $405 million to his former investors to settle a civil fraud suit.  When Bernie Madoff’s  pyramid crumbled to dust in December 2008, Merkin’s funds lost about $1.2 billion.

But here’s the kicker — Merkin made hundreds of millions in management fees without actually doing any research or analysis for his clients.  All he did was take their money and pass it along to Madoff to “invest.”

Nice work if you can get it!  Merkin must have made more per hour than anyone in history.

Which proves it’s not what you know, it’s who you know…