Ace of Spades HQ

November 30, 2010

Euro-contagion spreads [Fritzworth]
— Open Blogger

It's 2:40 am Wednesday morning here in Paris, and I'm wide awake -- not because of jet lag, but because I came down ill with a 24-hr bug on Monday night and slept most of Tuesday. The good news is that I'll get more euros when I withdraw cash from the friendly neighborhood ATM in the morning:

Investors dismissed European leaders' latest attempt to restore market calm, raising doubts about whether governments can rebuild confidence in the region's common currency amid signs that the debt crisis is creeping deeper into the Continent.

The euro fell to a 10-week low, and was below $1.30 in late New York trading. Bond markets across Europe's vulnerable fringe sank, as the "risk premium" investors demand for lending to Spain and Italy hit record highs. Standard & Poor's said after European markets closed it is considering a downgrade on Portugal's credit rating, citing economic pressures and increased risks to the government's creditworthiness.

The eurozone was, for the most part, a collectivist pipe dream fueled by grand intentions -- the classic liberal fallacy of "if we just mean well, it will all work out." Megan McArdle, a libertarian economist, suspects the euro, as a currency, may not survive. More disturbingly, McArdle -- no alarmist or ideologue -- has real concerns about what lies ahead for all of us:

Europe cannot let its banks fail, but it also can't divert public pensions to line the pockets of bankers. Yet it may well have to do one or the other. I am also expecting finance to win. Forget whether Germany has the political will to bail out the PIIGS: does either the EU, or the ECB, actually have the means to bail out all five? If Spain topples, that is what it will come to.

This is starting to throw off more echoes of the Great Depression, where you have a sequence of crises, each touched off by the ones that came before, like dominos falling into some diabolic design. Europe and America thought they'd seen the worst of things by the end of 1930, only to be knocked back down even harder by the contagion of the Creditanstalt crisis. In the US, the crisis ultimately triggered a string of bank failures worse than those sparked by the initial stock market crash, and the worst two years of the Great Depression were 1932-3.

Hey, if I can't sleep, there's no reason why you should get to. ..fritz..

Posted by: Open Blogger at 04:47 PM | Comments (140)
Post contains 413 words, total size 3 kb.

1 Eurocontagion? You mean... zombies?

Posted by: CoolCzech at November 30, 2010 04:49 PM (tJjm/)

2 So,we're fucked right?

Posted by: steevy at November 30, 2010 04:49 PM (+q/R9)

3
LeSars?

Posted by: Leftover Soothsayers at November 30, 2010 04:50 PM (L0wbB)

4 dude

Posted by: rdbrewer at November 30, 2010 04:51 PM (OVpbA)

5 2 So,we're fucked right? Posted by: steevy at November 30, 2010 08:49 PM (+q/R9) Always

Posted by: CoolCzech at November 30, 2010 04:51 PM (tJjm/)

6 The folly of mixing iron with clay... (i.e. expecting different countries with different histories and origins to merge together and act as a unified economic and governmental body).

Posted by: Kratos (Ghost of Sparta) at November 30, 2010 04:52 PM (c0A3e)

7 Hey Fritz, you are a fricking machine. Good work - now go get drunk.

Posted by: journolist at November 30, 2010 04:52 PM (LwLqV)

8
that reminds me...

Wendy's has new French Fries.

They call them Natural Cut Fries with sea salt. Kinda bland, but pretty good.

Sea Salt is the new big thing, I guess.

Posted by: Leftover Soothsayers at November 30, 2010 04:52 PM (L0wbB)

9 2 So,we're fucked right?

Yes.

In the end, there will be only chaos.

Posted by: Kratos (Ghost of Sparta) at November 30, 2010 04:53 PM (c0A3e)

10 8 Yeah,until Bloombag bans it.

Posted by: steevy at November 30, 2010 04:53 PM (+q/R9)

11 Burning garbage bins Citroens?

Posted by: My Combat Tu-Tu Is Torn at November 30, 2010 04:53 PM (A7anl)

12
Posted by: rdbrewer

Get back under the stairs to the sidebar!

Posted by: Leftover Soothsayers at November 30, 2010 04:54 PM (DTy7x)

13 9 2 So,we're fucked right? Yes. In the end, there will be only ~~chaos~~ poon. Posted by: Kratos (Ghost of Sparta) at November 30, 2010 08:53 PM (c0A3e) We'll always have poon!

Posted by: CoolCzech at November 30, 2010 04:55 PM (tJjm/)

14 Thank heavens - no more pubic hair

Posted by: Ombudsman at November 30, 2010 04:56 PM (c1oyg)

15 Damn it, I just KNEW this was the wrong time to elect a community organizer as POTUS!

Posted by: CoolCzech at November 30, 2010 04:56 PM (tJjm/)

16 The folly of mixing iron with clay Where have I heard that phrase before? *oh, shit*

Posted by: fluffy remembers at November 30, 2010 04:57 PM (SwkdU)

17 I am stuck in between a long list of wedding gowns on the sidebar. That is funny because I have four daughters.

Posted by: sTevo at November 30, 2010 04:57 PM (VMcEw)

18 Updated Alexander Graham Bell: "What hath God socialism wrought?"

Posted by: Jay Guevara at November 30, 2010 04:57 PM (Fsi2K)

19
French chicks are both hairy and stinky

Posted by: Leftover Soothsayers at November 30, 2010 04:57 PM (DTy7x)

20 Sea Salt is the new big thing, I guess.

It's awesome. Grind it up in your spice grinder with a four-peppercorn blend and Szechuan peppercorns; then throw it on your chicken with chopped garlic, and smoke it for two hours. (Mesquite all the way, baby!)

Awesome.

Posted by: Meiczyslaw at November 30, 2010 04:57 PM (bjRNS)

Was it the Beatles or ABBA that was the tipping point?

Posted by: torabora at November 30, 2010 04:57 PM (GtDKF)

22 12 Posted by: rdbrewer Get back under the stairs to the sidebar! Posted by: Leftover Soothsayers at November 30, 2010 08:54 PM (DTy7x) Yeah, rd: go bar yourself.

Posted by: CoolCzech at November 30, 2010 04:58 PM (tJjm/)

23 Post apocalyptic sex will be wild!

Posted by: steevy at November 30, 2010 04:58 PM (+q/R9)

24
Awesome.

Really? It tastes like ordinary salt, to me.

Posted by: Leftover Soothsayers at November 30, 2010 04:59 PM (DTy7x)

25 21 Was it the Beatles or ABBA that was the tipping point? Posted by: torabora at November 30, 2010 08:57 PM (GtDKF) Really, it was 99 Luft Balloons.

Posted by: CoolCzech at November 30, 2010 04:59 PM (tJjm/)

26 When I was in grad school, econ, my adviser during my orals asked me why is Economics different than other social sciences?

I didn't have a clue.

Money! All the rest of the social sciences don't have anything to prove them right or wrong. Economist do.

It's called money.

You can't hide. You make a projection it doesn't work, and how do you know?

Money.

So all these liberals who have paid no attention to the economies of their country are starting to learn.

It's all about MONEY. You can't hide. Your fuck ups will come back to bite your ass.

Posted by: Kemp at November 30, 2010 04:59 PM (JpFM9)

27 What does sea salt have that ordinary salt doesn't have? Besides mercury, a vast array of other heavy metals and of course rotten fish guts.

Posted by: Ronster at November 30, 2010 04:59 PM (9q4PA)

28
I mean, salt is salt, right?

Posted by: Leftover Soothsayers at November 30, 2010 04:59 PM (DTy7x)

29 #13 We'll always have poon!

That is where you are wrong.

Once the world is cleansed by chaos, all those decadent thoughts will be driven from the human mind...

Posted by: Kratos (Ghost of Sparta) at November 30, 2010 05:00 PM (c0A3e)

30 We'll always have poon! Posted by: CoolCzech at November 30, 2010 08:55 PM

But will we be able to afford poon?

Posted by: MrScribbler at November 30, 2010 05:00 PM (Ulu3i)

31
yeah, and fish poop.

Fish shit all over the ocean. They're like birds -- shit factories.

Posted by: Leftover Soothsayers at November 30, 2010 05:01 PM (DTy7x)

32 Now can we get back to just killing the English and French pigs?

Posted by: Zombie Kaiser Whilhelm at November 30, 2010 05:01 PM (GtDKF)

33 23 Post apocalyptic sex will be wild! Posted by: steevy at November 30, 2010 08:58 PM (+q/R9) Well, for the sake of saving humanity from extinction, it will be the duty of every moron to impregnate as many moronettes as possible. That will require like WAY more meet-ups!

Posted by: CoolCzech at November 30, 2010 05:01 PM (tJjm/)

When I was in grad school, econ, my adviser during my orals asked me why is Economics different than other social sciences?

I didn't have a clue.

Money! All the rest of the social sciences don't have anything to prove them right or wrong. Economist do.

My polisci professor, the one named Weiner with the French wife who wears the Worker's Cap to school every day, tried to tell me that money is all an illusion.

So... when his theories are disagreeing with the real world, pass the real world off as the fake. Nice one.

Posted by: Truman North at November 30, 2010 05:02 PM (HLGCA)

35 Post apocalyptic sex will be wild! Yes. Yes, it will!

Posted by: zombie slut at November 30, 2010 05:03 PM (SwkdU)

36 27 What does sea salt have that ordinary salt doesn't have? Besides mercury, a vast array of other heavy metals and of course rotten fish guts.

Those other heavy metals alter the taste and the coarseness of seal salt, which is why some people prefer it over table salt, *shrugs*.

I'm not sure how much "healthier" sea salt is vs table salt.

Posted by: Kratos (Ghost of Sparta) at November 30, 2010 05:03 PM (c0A3e)

37 33 I'm willing to make the sacrifice.

Posted by: steevy at November 30, 2010 05:03 PM (+q/R9)

38 37 33 I'm willing to make the sacrifice. Posted by: steevy at November 30, 2010 09:03 PM (+q/R9) Especially if they promise to wear their stompy boots!

Posted by: CoolCzech at November 30, 2010 05:04 PM (tJjm/)

39 36 Doesn't sea salt have much less iodine?It has a weaker flavor in any case.

Posted by: steevy at November 30, 2010 05:04 PM (+q/R9)

40
Hey, remember the '80's crisis in the Koreas?

This Obama admin has an uncanny knack of making things simply go away after a few days, doesn't it?

Next week, this wikileaks thing will be a distant memory.

Posted by: Leftover Soothsayers at November 30, 2010 05:05 PM (L0wbB)

41 20 years ago, 10 years ago, and I assume still, Paris is such a beautiful ethereal place, especially at night. I am jealous, sir.

Posted by: ParisParamus at November 30, 2010 05:05 PM (gMzAL)

42 28
I mean, salt is salt, right?
Posted by: Leftover

salt 101
http://tinyurl.com/3ya383n

Posted by: beanervt at November 30, 2010 05:05 PM (s7YGr)

43 39 36 Doesn't sea salt have much less iodine?It has a weaker flavor in any case. Posted by: steevy at November 30, 2010 09:04 PM (+q/R9) I think it has all sorts of other minerals mixed in with it that give it distinctive taste. That's the idea, anyway.

Posted by: CoolCzech at November 30, 2010 05:06 PM (tJjm/)

44
yes, that's it, iodine.

but isn't iodine a key nutrient in salt?

Posted by: Leftover Soothsayers at November 30, 2010 05:06 PM (DTy7x)

45 39 36 Doesn't sea salt have much less iodine?It has a weaker flavor in any case.

Yes, because table salt is fortified with iodine during its refining, while sea salt is not.

Posted by: Kratos (Ghost of Sparta) at November 30, 2010 05:06 PM (c0A3e)

46 Boned, we are.

Posted by: Yoda at November 30, 2010 05:07 PM (JcRgg)

47 This is looking bad.

Posted by: Max Power at November 30, 2010 05:07 PM (q177U)

48 40 Hey, remember the '80's crisis in the Koreas? This Obama admin has an uncanny knack of making things simply go away after a few days, doesn't it? Next week, this wikileaks thing will be a distant memory. Posted by: Leftover Soothsayers at November 30, 2010 09:05 PM (L0wbB) I think it's more like, Obama has an uncanny knack for making disasters come at us at us so rapidly, the mind staggers to keep track of them all.

Posted by: CoolCzech at November 30, 2010 05:08 PM (tJjm/)

49
wow there's actually a website devoted to salt

_{^{Big Salt lobby?}}

Posted by: Leftover Soothsayers at November 30, 2010 05:08 PM (DTy7x)

50 I think iodine is added to regular salt (NaCl) and it's called iodized salt. Iodine must be good for you in small quantities. They add it to drinking fountains (or used to) in schools.

Posted by: Ronster at November 30, 2010 05:09 PM (9q4PA)

51 I am the way.

Posted by: Kosher Salt at November 30, 2010 05:10 PM (8x4z4)

52 Who da ho?

Posted by: babalon at November 30, 2010 05:10 PM (CyPWX)

Assange has been threatening to out information about banks lately. I suspect that will have an impact here.

I'm increasingly coming to view Assange as a hero.

Posted by: Zimriel at November 30, 2010 05:11 PM (x5Hut)

54
iodine is good for the bewbs

and pubes

Posted by: Leftover Soothsayers at November 30, 2010 05:11 PM (L0wbB)

55 19 French chicks are both hairy and stinky Posted by: Leftover Soothsayers at November 30, 2010 08:57 PM (DTy7x),/i> I'd hit 'em.

Posted by: CoolCzech at November 30, 2010 05:12 PM (tJjm/)

56 Paris is beautiful,just a few hoods you should avoid at any time of the day or night.Those rascally youths of unknown ethnicity.

Posted by: steevy at November 30, 2010 05:12 PM (+q/R9)

57 56 Yeah,would you care if Carla Bruni was a little stinky?Had a hairy cooch?

Posted by: steevy at November 30, 2010 05:13 PM (+q/R9)

58 lowandslow 51, don't forget William Hague, Thatcher's true heir. Another prophetic Euro-skeptic who couldn't overcome the BBC (funded by licence fees which it extorts from everyone who owns a telly).

Posted by: Zimriel at November 30, 2010 05:13 PM (x5Hut)

59 If Asbestos is so bad, what does that say about Asworstos?

Posted by: Truman North at November 30, 2010 05:13 PM (HLGCA)

60
yeah, kinda

Posted by: Leftover Soothsayers at November 30, 2010 05:14 PM (DTy7x)

61 Ronster: iodine is a vital part of your hormone system, particularly the thyroid; and it also protects against thyroid cancers in the event of radiation poisoning. All that and it kills parasites in mountain streams. Iodine's awesome.

Posted by: Zimriel at November 30, 2010 05:16 PM (x5Hut)

62 Eurosocialism isn't a failure, they just didn't have cool dudes like us in charge! They don't have Silicon Valley to develop cool software that magically creates money bombs

Posted by: California voters at November 30, 2010 05:16 PM (vdfwz)

63 "42 28 I mean, salt is salt, right?" You'd think so, but no. Cooking with Kosher or sea salt just tastes better than if you use table salt. I wonder that they don't add something to table salt to keep it from clumping and that changes the taste. Of all the foods and food ingredients, one would think NaCl would be NaCl, but the flavor says otherwise.

Posted by: cali grump at November 30, 2010 05:17 PM (hL0k8)

64 Assange has been threatening to out information about banks lately. I suspect that will have an impact here. The impact will be fast moving lead to the back of his head . Dude sure seems to have a death wish .

Posted by: Bill D. Cat at November 30, 2010 05:17 PM (XDeui)

65
okay, so it's like Wonder white bread with it's enriched flour vs natural whole wheat bread

Posted by: Leftover Soothsayers at November 30, 2010 05:19 PM (DTy7x)

66 Thanks Zimriel. And as a yoot it was rubbed into my scratches and cuts. Burned like hell, but must have done some good.

Posted by: Ronster at November 30, 2010 05:19 PM (9q4PA)

Fritz, drink strong man, we'll leave the light on for ya here state side.

And stay away from a chick named Hoodwinka.

Posted by: journolist at November 30, 2010 05:20 PM (LwLqV)

68 68 It prevents the growth of bacteria.

Posted by: steevy at November 30, 2010 05:21 PM (+q/R9)

69 68 Thanks Zimriel. And as a yoot it was rubbed into my scratches and cuts. Burned like hell, but must have done some good. Posted by: Ronste

Probably made you forget what the pain was originally. Iodine stung like hell

Posted by: beanervt at November 30, 2010 05:21 PM (s7YGr)

70 63 Ronster: iodine is a vital part of your hormone system, particularly the thyroid; and it also protects against thyroid cancers in the event of radiation poisoning. All that and it kills parasites in mountain streams. Iodine's awesome.

Posted by: Zimriel at November 30, 2010 09:16 PM (x5Hut)

< You with the TSA or somin?

Posted by: journolist at November 30, 2010 05:22 PM (LwLqV)

71 Big Salt!

Posted by: steevy at November 30, 2010 05:23 PM (+q/R9)

72 When I was a kid everybody had that pink stain on their skin from iodine being applied to cuts and scrapes. I don't notice it anymore. Kids must not get injured these days.

Posted by: robtr at November 30, 2010 05:24 PM (hVDig)

73 Your brain needs iodine...sea salt is supposed to have more.

Posted by: CanaDave at November 30, 2010 05:24 PM (hbmgN)

74 If nothing else, the finacial crisis and wikileaks saga should go and prove that financial institutions and the CIA really don't have any massive secretive behind-the-scenes power. So-called "wrath of god money" hasn't gotten Madoff killed, even though he stole billions. Assange still drawing breath just goes to show how powerless the American security apparatus has become.

Posted by: In Exile at November 30, 2010 05:25 PM (5HVYj)

75 Paging Kratos, please pick up the white courtesy phone in the Chaos Lobby, Kratos, please pick up the white courtesy phone, thank you.

Posted by: Unclefacts, Confuse A Cat, Ltd. at November 30, 2010 05:26 PM (eCAn3)

76 Fear not, ~~comrades~~ citizens! I used to spend hours discussing economics in the dorms and I have a Nobel Prize!

Posted by: Occidental Barry at November 30, 2010 05:26 PM (FcR7P)

77 75 When I was a kid everybody had that pink stain on their skin from iodine being applied to cuts and scrapes. I don't notice it anymore. Kids must not get injured these days. Posted by: robt

My kids only had iodine once and wanted the more woosified cream after that ordeal. I tried to tell them if it don't hurt it don't work but kids are much less gullible in that respect these days

Posted by: beanervt at November 30, 2010 05:27 PM (s7YGr)

78 75 Nah,they just use different topical stuff now.Iodine was old school.

Posted by: steevy at November 30, 2010 05:29 PM (+q/R9)

79 78 So which state becomes our Spain?
Posted by: CDR M

Kalifornia of course.. Like spain it will take all the money left to bail out then there won't be any more.

Posted by: beanervt at November 30, 2010 05:29 PM (s7YGr)

80 The CIA is more afraid of Congressional investigations and criminal charges than actually taking care of business. When the media trumpets Plame as a secret agent and says it with a straight face, you know we're fucked.

Posted by: CDR M at November 30, 2010 09:28 PM (5I8G0)

The retired/quit/fired CIA agents I have seen in the news and on talk shows these days don't inspire much confidence. It might be time to start over.

Posted by: robtr at November 30, 2010 05:31 PM (hVDig)

81 75 When I was a kid everybody had that pink stain on their skin from iodine being applied to cuts and scrapes. I don't notice it anymore. Kids must not get injured these days.

Posted by: robtr at November 30, 2010 09:24 PM (hVDig)

They are taken to the emergency room post haste followed by a call to the attorney on retainer.

There was another red topical medicine. Mercurichrome or something like that. It did not sting.

Posted by: Ronster at November 30, 2010 05:31 PM (9q4PA)

82 58 56 Yeah,would you care if Carla Bruni was a little stinky?Had a hairy cooch? Posted by: steevy at November 30, 2010 09:13 PM (+q/R9) You kidding me? A hairy cooch gives you something to wipe it on after you finish!

Posted by: CoolCzech at November 30, 2010 05:31 PM (tJjm/)

83 OK, so Fritz the condensed thread advice for you and your Parisian sojurn is as follows: Drink strong, give her idodine, rub it with sea salt, wonder about bread and french chicks have public hair (may have gotten that one wrong) and fluff her balloon 99 times in the Euro zone, or somin.

Posted by: journolist at November 30, 2010 05:31 PM (LwLqV)

84 I thought iodine left a yellow stain?

Posted by: CoolCzech at November 30, 2010 05:32 PM (tJjm/)

85 We used to have this spray on stuff that was really cold and kind of stung.Bactine I think.

Posted by: steevy at November 30, 2010 05:32 PM (+q/R9)

86 88 I like the cut of you jib CC.You're a true moron.

Posted by: steevy at November 30, 2010 05:33 PM (+q/R9)

87 89 That was a great condensation.

Posted by: Ronster at November 30, 2010 05:35 PM (9q4PA)

88 Carla Bruni is Italian.

Posted by: Double Ply at November 30, 2010 05:35 PM (ezdtY)

89 We used merthiolate, which was red and stung like crazy.

Posted by: t-bird at November 30, 2010 05:37 PM (FcR7P)

90 Heh. That made me think of tincture merthiolate. My parents used to put that on my cuts and wounds. Just went to look it up and I guess it got pulled in the lat 90's for containing mercury.
Posted by: CDR M

It's a wonder most of us are alive and functioning with all the "bad" stuff that entered our bodies back then..Or maybe it's not all that bad?

Posted by: beanervt at November 30, 2010 05:37 PM (s7YGr)

91 96 Yeah but she is all Frenchified being first lady and all.

Posted by: steevy at November 30, 2010 05:39 PM (+q/R9)

92 I don't know why everyone thinks countries/states won't cut benefits when that's the only remaining alternative. Calif can't devalue the dollar. They can't leave the US and no one would buy their debt if they did.

On the plus side, 2-3% growth plus 1-4% real inflation solves a lot of debt problems. Interest payments don't compound, you owe $5, $5, $5 every year, whereas the growth plus inflation compounds over 30-XX years and makes that $5 or 5% or x% payment *significantly* lower over time.

Above-avg growth solves almost every Federal problem on it's own. [Not Medicare or SS, see benefit cuts above.]

The euro will survive for a long, long time. The only issue is if Hellas and Eire can take the fin'l pain of dropping out. I doubt it, but you never know.

Posted by: horn at November 30, 2010 05:39 PM (eekq5)

93 98 The last 20 years kids are the faggiest generation.

Posted by: steevy at November 30, 2010 05:40 PM (+q/R9)

94 96 Carla Bruni is Italian.
Posted by: Double Pl

Don't matter as long as she's got fur pie...

Posted by: beanervt at November 30, 2010 05:40 PM (s7YGr)

95 Iodine was added to salt in the 30's to prevent rickets. It is not natural to salt.

Posted by: Kemp at November 30, 2010 05:42 PM (JpFM9)

96 iodine is a vital part of your hormone system, particularly the thyroid; and it also protects against thyroid cancers in the event of radiation poisoning.

Uh, not really, radioactive Iodine 131 is a product of nuclear fission and can collect in the thyroid and possibly cause thyroid cancer. Potassium iodide is taken as a precaution against Iodine 131; the thyroid gland is flooded with non-radioactive iodine and prevents the absorption of Iodine 131.

Posted by: Pelayo at November 30, 2010 05:42 PM (V9Q+f)

97 In college lab when someone broke a thermometer, they would play with the spilled mercury. Probably not recommended on a regular basis. Nobody died as a result. Heavy metals collect in the liver or some organ and you would have to breath quite a bit of the vapor before it would be lethal.

Posted by: Ronster at November 30, 2010 05:42 PM (9q4PA)

98 I hope you all enjoy paying for someone else's ride, because Clownifornia is the next Greece, and do you think the mightily spined GOP in Congress will let us fail? We thank you in advance for your sacrifices to the state of Clownifornia, brought to you by the new bipartisan, friendly Congress of Boehner and Reid.

Posted by: George Orwell at November 30, 2010 05:42 PM (AZGON)

99 107 Yeah but she is all Frenchified being first lady and all. Posted by: steevy at November 30, 2010 09:39 PM (+q/R9) How so? He's not French, either. Posted by: iknowtheleftÂ®Â© at November 30, 2010 09:43 PM (G/MYk) It's all Greek to me!

Posted by: Barney Frank at November 30, 2010 05:46 PM (tJjm/)

100 107 He's French now.

Posted by: steevy at November 30, 2010 05:46 PM (+q/R9)

101 In the olden days gold miners would use mercury to extract gold from the gold rich ore. It would make an amalgom. The mercury was then boiled off. Killed a lot of miners.

Posted by: Ronster at November 30, 2010 05:46 PM (9q4PA)

102 #103
OK iodine stopped Goiter not rickets, Vitamin D included in bread and milk stopped rickets.

OLD!

http://tinyurl.com/3yhpje4

Posted by: Kemp at November 30, 2010 05:47 PM (JpFM9)

103 Well this sucks....

RICHMOND, Va. - A federal judge on Tuesday dismissed Liberty University's lawsuit challenging the Obama administration's new federal health care law, declaring that a provision requiring most individuals to obtain insurance is constitutional.

University law school dean Mathew Staver said in a telephone interview that he will promptly appeal the ruling to the 4th U.S. Circuit Court of Appeals in Richmond.

The ruling by U.S. District Judge Norman K. Moon in Lynchburg is the second court decision upholding the law, following one in Michigan in October.

http://tinyurl.com/2uc73dg

Posted by: Tami at November 30, 2010 05:48 PM (VuLos)

104 BTW the Saudi Crown Prince bought up a whole wing of a hospital in NYC to get his surgery.Why didn't he go to Cuba or Venezuela Michael Moore??

Posted by: steevy at November 30, 2010 05:48 PM (+q/R9)

105 @111: best of all, bovine growth hormone in milk stopped flat boobies!

Posted by: CoolCzech at November 30, 2010 05:49 PM (tJjm/)

106 113 BTW the Saudi Crown Prince bought up a whole wing of a hospital in NYC to get his surgery.Why didn't he go to Cuba or Venezuela Michael Moore?? He didn't want to seem ostentatious.

Posted by: Ronster at November 30, 2010 05:50 PM (9q4PA)

107 O/T, but: If you've ever considered refinancing, now might be the low (high) water mark. Just locked in on a 15 year, no points at 3.75%. I went from a 30 year to a 15 year, pulled out money to redo my kitchen, and my monthly payment will be about the same.

Posted by: Ombudsman at November 30, 2010 05:50 PM (c1oyg)

108 #115

I am putting my wife on a full milk diet!

Posted by: Kemp at November 30, 2010 05:50 PM (JpFM9)

109 RICHMOND, Va. - A federal judge on Tuesday dismissed Liberty University's lawsuit challenging the Obama administration's new federal health care law, declaring that a provision requiring most individuals to obtain insurance is constitutional. We are not repealing ObastardCare. We are not defunding it. We will see a dog-and-pony show from the GOP about making a counterproposal but it will be stillborn. ObastardCare is in place as law, and the Republicans cannot do a thing to remove it. They don't want to, anyway. You know what will happen, if there is any "bipartisan" movement on Hellcare? It will simply swell to 3000 pages. That will be hailed as progress. We've got socialized medicine now, and that is that. Nice republic while it lasted. It's apparently constitutional to force you to buy whatever Barry wants you to. Like a salad.

Posted by: George Orwell at November 30, 2010 05:52 PM (AZGON)

110 119 Yeah,I still have slim hopes but I knew they fucked us when they rammed it through.No lube even.

Posted by: steevy at November 30, 2010 05:55 PM (+q/R9)

111 they would play with the spilled mercury
Posted by: Ronster

I did that... it was cool stuff

Posted by: beanervt at November 30, 2010 05:55 PM (s7YGr)

112

They tried to imitate the US Government, all the countries acting as states with a common currency, etc. etc.

But they're not a melting pot and they haven't PAID for our history.

They're nothing similar to us. So why do our leftist leaders yearn for Europe?

Because Europe is the birthplace of the manor system, of control by barons and other landholders while the rests of the population served as serfs.

Funny how our post-modern President is really just another "noble."

Posted by: Oh, Please at November 30, 2010 05:56 PM (1kwr2)

113 Iodine doesn't prevent rickets. which is caused by a deficiency of vitamin D. The lack of iodine causes goiter, which is an enlargement of the thyroid gland. (Google for gross pictures, which were in my health books as a kid).

I survived Merthiolate, cod liver oil. paregoric, and non-flavored oral liquid penicillin. Also riding in the back seat of the station wagon facing backwards with our feet propped up on the open window.

Posted by: Miss Marple at November 30, 2010 05:57 PM (Fo83G)

114 It's apparently constitutional to force you to buy whatever Barry wants you to. Like a salad. Posted by: George Orwell

It's started here in VT with schools now having to include organic veggies in the cafeteria menu. This gives market to the hippy farmers unappetizing and under content produce that average people can't afford. banning happy meals, taxing soda ya it's started big time.

Posted by: beanervt at November 30, 2010 06:00 PM (s7YGr)

115 Next step: state nullification on a wide scale - combat between state courts and federal courts. (And this is going to happen in other areas, at the same time) God luv ya, but this isn't the movies. The States will all roll over and acquiesce. Never happen, not in a million presidencies. Too many cancerous federal tendrils have infected the states and they dare not risk cutting off sugar from DC.

Posted by: George Orwell at November 30, 2010 06:01 PM (AZGON)

116
We've got socialized medicine now, and that is that. Nice republic while it lasted. It's apparently constitutional to force you to buy whatever Barry wants you to. Like a salad.

Posted by: George Orwell at November 30, 2010 09:52 PM (AZGON)

BTW...the judge is a Clinton appointee....and this lawsuit is separate from the VA AG's lawsuit.

Posted by: Tami at November 30, 2010 06:02 PM (VuLos)

117

I survived Merthiolate, cod liver oil. paregoric, and non-flavored oral liquid penicillin. Also riding in the back seat of the station wagon facing backwards with our feet propped up on the open window.

As I did. And we are better people for it. Don't forget the afternoon naps to prevent polio. I think that was a lie my mother told me.

Posted by: Ronster at November 30, 2010 06:02 PM (9q4PA)

118 20 years ago, 10 years ago, and I assume still, Paris is such a beautiful ethereal place, especially at night. Parisians, on the other hand.......

Posted by: IllTemperedCur at November 30, 2010 06:04 PM (9Lm5R)

119 BTW...the judge is a Clinton appointee....and this lawsuit is separate from the VA AG's lawsuit. I'll be amazed if any judiciary actually defies Obamacare on a Constitutional basis; that is, I'll be amazed if any such case makes it to SCOTUS. But it won't matter. SCOTUS will declare Obastardcare constitutional, that's certain.

Posted by: George Orwell at November 30, 2010 06:04 PM (AZGON)

120 You can lead a horse to water but you can't make him drink,
And
You can lead a kid to salad but you can't make him eat.

Posted by: Miss Marple at November 30, 2010 06:06 PM (Fo83G)

121 Thanks Pelayo

Posted by: Zimriel at November 30, 2010 06:06 PM (x5Hut)

122 I survived Merthiolate, cod liver oil. paregoric, and non-flavored oral liquid penicillin. Also riding in the back seat of the station wagon facing backwards with our feet propped up on the open window. Lawn Darts....memories.

Posted by: IllTemperedCur at November 30, 2010 06:07 PM (9Lm5R)

123 I survived Merthiolate, cod liver oil. paregoric, and non-flavored oral liquid penicillin. Also riding in the back seat of the station wagon facing backwards with our feet propped up on the open window.

Lawn Darts....memories.

Posted by: IllTemperedCur at November 30, 2010 10:07 PM (9Lm5R)

Running behind the truck spraying for mosquitoes. Ahhh...summer

Posted by: Tami at November 30, 2010 06:09 PM (VuLos)

124 My dad sprayed the milk barn with DDT. I walked in there many times with no lasting effects. Well maybe not. I hang out at AceoSpades.

Posted by: Ronster at November 30, 2010 06:14 PM (9q4PA)

125 My daughter visited India a few years ago, and on my request, she brought back two bottles of mercurochrome.

The iodine and merthiolate we knew as kids was in an alcohol solution, thus causing the sting. Mercurochrome was water based, no stingy.

Posted by: Pelayo at November 30, 2010 06:19 PM (V9Q+f)

126 Zimriel, your welcome. Iodine 131 and Strontium 90 were those things we learned about during the cold war.

Posted by: Pelayo at November 30, 2010 06:27 PM (V9Q+f)

127

The iodine and merthiolate we knew as kids was in an alcohol solution, thus causing the sting. Mercurochrome was water based, no stingy.

And they call this a military blog. It's a medical-sex-football-political and anything you can think of blog.

Posted by: Ronster at November 30, 2010 06:28 PM (9q4PA)

128 Have we depleted the salt mines under the Great Lakes? Don't tell me that we've passed beyond Peak Salt!

Posted by: somebody else, not me at November 30, 2010 06:32 PM (7EV/g)

129

Meagen McCardle. From the Atlantic? You quote people who stayed at the Atlantic?

Ha ha ha ha.

Posted by: BillyBob at November 30, 2010 06:41 PM (F0Pf9)

130 I'm not sure how much "healthier" sea salt is vs table salt.

I'm eagerly awaiting the day that they prove sea salt in large quantities causes autism in your kids. The yuppy meltdown will be delicious.

Posted by: Alex at November 30, 2010 07:24 PM (yY28H)

131 On the one hand, most of us here, especially conservatives with some visceral connection to Europe, want it to fail because it deserves to. On the other hand, Euro-governments are masters at hiding what's really going on: controlled media; weak alternative press/internet, etc....

Posted by: ParisParamus at November 30, 2010 07:25 PM (gMzAL)

132 Good riddance, EU.

Posted by: MlR at November 30, 2010 07:34 PM (vuHIt)

133 Have we depleted the salt mines under the Great Lakes? Don't tell me that we've passed beyond Peak Salt!

There's a layer of that stuff a coupla few thousand feet thick out here in the Permian Basin. Peak Salt my everlovin' ass.

Posted by: Additional Blond Agent at November 30, 2010 08:31 PM (SHKl9)

134 Rejoice! This is all good news. European liberalism is in its death throes and all Euro governments will be forced to become much smaller. It's already happening here in California and I can't wait for it to hit the rest of the US. Of course, the upcoming adjustment period could be a bitch so keep your AR15 well lubrigated and copious amounts of ammo at hand. Rejoice!

Posted by: BigBoreCore at November 30, 2010 10:07 PM (qy0ZZ)

135 126 Next step: state nullification on a wide scale - combat between state courts and federal courts. (And this is going to happen in other areas, at the same time)

God luv ya, but this isn't the movies. The States will all roll over and acquiesce. Never happen, not in a million presidencies. Too many cancerous federal tendrils have infected the states and they dare not risk cutting off sugar from DC.

Posted by: George Orwell at November 30, 2010 10:01 PM (AZGON)

I'd say you're right except that a 100% bailout won't happen and when you're a dollar short you're still BK. Kahleeforneeha is BK...they either raise taxes/cut spending or default.

Posted by: torabora at November 30, 2010 10:57 PM (GtDKF)

136

Angela Merkel has finall said the obvious: that the bank's investors should eat it now. This is standard IMF policy when it deals with these exact problems in third world countries and would have changed this entire crisis had the investors absorbed the losses in the first place. The boards would have been forced to confront the reality of how far gone they really were, instead of continually lying about their assets and liabilities just to keep getting more infusions. This would've allowed a seperation of good assets and a wrtie down of bad assets, liquidation of bad banks and consolidation into new good banks; along with the subsequent loss to the shareholders, a loss they had earned by tolertating unnacceptable risks along with the profits they had earned from these. The Irish are a case in point: what was billed as a 2-3 billion problem has grown to over a 90 billion problem and the toxic assets are still on the books! And new every infusion of public money drives the banks' stock prices lower and the local real estate prices down even further as confidence in both of them erodes with every revelation that they are not as stable as they claimed the first, second, third, fourth, fith, sixth, and now the seventh time to get more funds! Raiding public pensions to pay for the unacceptable risks taken by banks so investors could profit is really good grounds for civil unrest and revoloution. Pension funds invested in these banks will suffer along with all the other investors, but how else can the healing begin before total collapse and The Greatest Depression?

(Sura 2:29)

Posted by: 7HEAVENS at December 01, 2010 01:27 AM (tuCVl)

137 You can lead a whore to culture but you can't make her think.

Posted by: alwyr at December 01, 2010 02:54 AM (w2++y)

138
1 Eurocontagion?

You mean... zombies?

Zombies? Why did it have to be zombies? I suppose it could have been worse: sparkly vampires.

Posted by: I R A Darth Aggie © at December 01, 2010 05:29 AM (1hM1d)

139 Guns are noisy,
Nooses give,
Gas smells awful,
You might as well live.

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Posted by: Chris at December 05, 2010 01:40 PM (sd9Ri)

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