I know what you are thinking. “I am nowhere near my computer and have not had a chance to check in at The Slow Bleed.” Well, Slow Bleed’s creator the Godfather has taken bold steps to keep your Slow Bleed fix available to you when on the road. [Read more...]
The Slow Bleed Now Available on Mobile Phones!
March 13, 2009 Leave a Comment
President Obama, Enough of the Earmarks!
March 11, 2009 6 Comments
Apparently Obama has fully moved into the White House and DC politics. Despite knowing he is about to sign a bill loaded with pork additives, he is going to sign it anyway.
“Obama made his statement even as he was prepared to sign a $409.6 billion omnibus budget bill which carries with it thousands of the same sort of projects he wants to restrain,” according to Politico. “I am signing an imperfect omnibus bill because it is necessary for the ongoing functions of government,” Obama said in his defense. [Read more...]
Does this Food Pyramid Make Me Look Fat?
March 10, 2009 3 Comments
You may have missed it, it was subtle. The great food pyramid has changed…again. What was wrong with the other one? I suspect it was a couple things…
For starters, vertical stripes make you look thinner - Clearly the new pyramid looks thinner (doesn’t matter if we really aren’t). [Read more...]
Time for Buffet and Obama to Keep Quiet
March 10, 2009 2 Comments
The fun never stops. Here is a clip from Bloomberg…
March 9 (Bloomberg) — U.S. stocks fell, extending the worst weekly slump in the Standard & Poor’s 500 Index since November, after Warren Buffett said the economy “has fallen off a cliff” and the World Bank predicted a global contraction.
“Fallen off a cliff?” Are you kidding me?! [Read more...]
Presidential Gift Giving at its Worst!
March 9, 2009 Leave a Comment
Seriously? You are giving Russia a “Red Button?”
You have to love the research (or lack thereof) that occurs to prepare for an international visit. After Hillary Clinton promised to “push the reset button” on our current relations with Moscow, she handed Russian Foreign Prime Minister Sergei Lavrov with a gift: a red button.
On top of the makeshift (a la “easy”) button the word “peregruzka” was printed on top. “We worked hard to get it right (the Russian word for “reset”) Hillary explained to reporters.”
“You got it wrong,” Lavrov said, instead of “reset” the word meant, “overcharge.”
Well, “overcharge” is word Washington really can’t get out of its vocabulary. As for the button? Lavrov said he would put the button on his desk in Moscow.
But wait, there’s more! [Read more...]
Chavez Orders Takeover of More Companies
March 2, 2009 4 Comments
Here we go again…
Venezuelan President Hugo Chavez ordered the National Guard to take control of the rice-processing companies.
“Some companies are refusing to follow the government’s rules,” Chavez said. “I’ve ordered the intervention in those industries to protect the people, not the bourgeoisie.”
Sure makes him sound like a really nice guy doesn’t it? Fighting for the people! I am sure the timing is just a coincidence; the decreases in oil sales have been having a significant affect on his income (Venezuela is the largest oil producer in the western hemisphere).
Not that it matters…but…
You can either throw billions of dollars at companies or you can physically take them over; either ends in socialism.
Now AIG is Just Getting On My Nerves
March 2, 2009 5 Comments
AIG has turned into the worst brother-in-law you could have in the family. A money-losing blob that just won’t go away. The government has turned into the perfect enabler relative that just won’t admit when all is lost and to simply cut bait.
On October 10, 2008 AIG received $ 85 Billion. It was my first mention of AIG and I wrote “The downside is that I highly suspect this will be nowhere near the amount of money that AIG ends up needing.”
On September 17, 2008 I wrote about AIG receiving yet another chuck of cash. This time it was $40 Billion. I wrote “Matter of fact, I am going to say it again; I highly suspect this STILL will not be the end of it. Companies like this seem to always keep coming back to the government trough (I hope I am wrong).”
Now, AIG is back again (surprise!) and the government is handing them another $30 billion. More taxpayer money going to a company that can’t seem to get their sh*t together.
When will government understand bailing out companies, in a capital market, is not the right answer? Most of the bailout companies, I am sad to say, will still end up failing. The only catch is that they will blow through billions of taxpayer dollars before they do fail!
Let them fail and the next company, that is trying to do everything right, will step up to the plate!
Fine, I suppose this is where you look for some witty insights to my mind. A "bio" of sorts. Here is the deal... I ride motorcycles, smoke cigars, golf, kayak, fly, race my car through the mountains, write (a lot), and travel extensively. I am almost old enough not to care what other people think about me...almost. ~Godfadr
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