August 26, 2011
— Open Blogger Michael Lewis (The Blind Side, Money Ball, Liar's Poker) has a typically long and typically brilliant article in Vanity Fair. It's about the European financial crisis, Germany's role in it, the sub-prime catastrophe and the German bank's role in that.Normally, I'd just link it in the sidebar but there's a paragraph I want to highlight. This is in reference to what Germans did during the boom period before the bottom fell out of the sub-prime market.
"There was no credit boom in Germany," says Asmussen. "Real-estate prices were completely flat. There was no borrowing for consumption. Because this behavior is rather alien to Germans. Germans save whenever possible. This is deeply in German genes. Perhaps a leftover of the collective memory of the Great Depression and the hyperinflation of the 1920s." The German government was equally prudent because, he went on, "there is a consensus among the different parties about this: if you’re not adhering to fiscal responsibility, you have no chance in elections, because the people are that way."
And my point?
Recall day 10 of After America Blogging.I do not believe that the solution to our problem is simply to elect the right people. The important thing is to establish a political climate of opinion which will make it politically profitable for the wrong people to do the right thing. Unless it is politically profitable for the wrong people to do the right thing, the right people will not do the right thing either, or if they try, they will shortly be out of office. - Milton Friedman
See! See! It didn't matter what the laws or regulations said about that type of speculation. The German fiscal culture didn't allow it so it didn't happen.* Remember that as we try and recover America. We need to change the culture so it doesn't matter if we elect the right people or not.
*As you'll see in the article, they got screwed in a far different way. Doesn't make my point look flawless...Back to Lewis. Like I said, it's a great article - you should read it. Here's a couple of tidbits to pique your interest.
Extremely smart traders inside Wall Street investment banks devise deeply unfair, diabolically complicated bets, and then send their sales forces out to scour the world for some idiot who will take the other side of those bets. During the boom years a wildly disproportionate number of those idiots were in Germany.
and
This preternatural love of rules, almost for their own sake, punctuates German finance as it does German life. As it happens, a story had just broken that a division of a German insurance company called Munich Re, back in June 2007, or just before the crash, had sponsored a party for its best producers that offered not just chicken dinners and nearest-to-the-pin golf competitions but a blowout with prostitutes in a public bath. In finance, high or low, this sort of thing is of course not unusual. What was striking was how organized the German event was. The company tied white and yellow and red armbands to the prostitutes to indicate which ones were available to which men. After each sexual encounter the prostitute received a stamp on her arm, to indicate how often she had been used. The Germans didn’t want just hookers: they wanted hookers with rules.
Posted by: Open Blogger at
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Could it be that with the U.S. and the rest of Europe flat on its back, and they are a nation of savers vs consumers that this is killing them.
Also, it doesn't help that Germany is a larger version of Detroit with the unions and socialism. But what they are missing is that "social justice" version of socialism where the aggrieved populous thinks that the government owes them a living from birth to death.
Posted by: Vic at August 26, 2011 11:42 PM (M9Ie6)
Posted by: Comrade Arthur at August 26, 2011 11:50 PM (+JhHG)
A bad culture will stymie and throttle the best laid plans because the people chiefly responsible for executing those plans will go off and do something else. When their own unspoken collective assumptions are in conflict with the plan, the plan goes out the window. If you want proof of this, take a gander at any 3rd world dung heap.
A good culture requires no special efforts or bright ideas to make things work because individuals just do the right thing as a matter of habit. The United States has, traditionally, been the prime example of this. So much so that the phenomenon itself has been described as American Exceptionalism.
This is why the left works so hard to destroy our culture from within. They understand instinctively that our culture is the soul of our society and the source of our strength and resilience. American exceptionalism isn't an accident, but the direct result of our culture. When it is destroyed, so shall our nation be.
Posted by: Lee Reynolds at August 26, 2011 11:53 PM (zkRoG)
Sorry. We're having too much fun telling everyone how retarded Christine O'Donnel is.
Posted by: The Boys at August 27, 2011 12:03 AM (9b6FB)
booya.
Posted by: P. Krugman at August 27, 2011 12:11 AM (DEcmU)
Uh-huh. That's a totally innocent and adorable oh-those-silly-accounting-minded-Teutons! sort of thing right there. No other local-cultural symbolic significance to that at all. No nostalgic enhancements of the Germanic sexual experience going on there. I mean, LOL!
...
But seriously. Can we re-firebomb all their cities every day from now until Germany's just a hole in the earth's crust big enough to shove France into?
I can afford like three bombs. Who's in?
Any of you guys have a plane I can borrow? 'Cus I'll just fucking start.
Posted by: oblig. is all murdery at August 27, 2011 12:24 AM (xvZW9)
We need to change the culture so it doesn't matter if we elect the right people or not.
Nothing that a dose of good old Northern European Calvinism can't fix, eh? You know, planting the seeds instead of eating them. Mooching is a sin. etc. etc.
Posted by: ignatzk at August 27, 2011 12:39 AM (6GY6g)
Posted by: GGE, Back In The Horde! at August 27, 2011 01:15 AM (sILPb)
Posted by: The Gulf Coast at August 27, 2011 01:34 AM (Yd5KG)
Posted by: GGE of the Moron Teahad at August 27, 2011 01:50 AM (sILPb)
Irene is the first storm this year. Under the rules of 24/7 news hype it must be the worst storm in 500 years until after it hits.
Looking at the WC and on the Weather Underground it looks like it has shifted slightly East now will miss NC with the eye crossing just to the east of the outer banks. Still will get a lot of rain in Eastern NC and possibly some tornadoes. So NC dodges a bullet but that makes it worse for NYC which is still in its direct path.
But they get a break as well since it has already been downgraded to a one and will likely be just a TS by the time its the city.
Posted by: Vic at August 27, 2011 01:54 AM (M9Ie6)
The german need for stability doesnt necessarily mean fiscal conservatism. Germany still has huge redistributive programs aimed at the middle classes, an oppressive system of taxes and "contributions (the german welfarestate is funded by the latter) and a pensions system that makes social security look like the embodiment of prudence. Its like the Democrats twisted notion of fiscal responsibility: high expenditures but equally high taxes to fund them.
And thats just the german economy. Dont start with their political system! Its a progressive nightmare, Ezra Kleins wetdreams come true.
Posted by: Elize Nayden at August 27, 2011 02:26 AM (ab4Q3)
Posted by: Vic at August 27, 2011 05:54 AM (M9Ie6)
Governor Perdue will be very disappointed, she declared a state of emergency and a disaster (which negates the right of the people to keep and bear arms off of their own property in the affected areas) and everything and all it looks like we are going to get is a glancing blow.
Still a lot of people on the coast without power though, as can be expected with any serious weather event...and a Cat I hurricane is a serious weather event, even if it is a glancing blow.
Posted by: GGE: Back in the Horde! at August 27, 2011 02:30 AM (sILPb)
And thats just the german economy. Dont start with their political system! Its a progressive nightmare, Ezra Kleins wetdreams come true.
Posted by: Elize Nayden at August 27, 2011 06:26 AM (ab4Q3)
Is it the DOOM! thread already?
Posted by: GGE: Back in the Horde! at August 27, 2011 02:31 AM (sILPb)
Posted by: GGE: Back in the Horde! at August 27, 2011 02:33 AM (sILPb)
Posted by: Village Idiot at August 27, 2011 02:49 AM (utXSy)
Posted by: Rollory at August 27, 2011 03:07 AM (aGtNd)
...and I don't know if you all are following the story, but the fed raid on Gibson Guitars is looking more and more like a political operation
Posted by: beedubya at August 27, 2011 03:19 AM (AnTyA)
I saw that story yesterday and I wondered if there was something going on beneath the radar.
But rather than advance another conspiracy theory I judged it to be just a continuation of Otrama's regulatory SOBs running ammuck.
Posted by: Vic at August 27, 2011 03:29 AM (M9Ie6)
Posted by: CoolCzech at August 27, 2011 03:32 AM (niZvt)
Posted by: dananjcon at August 27, 2011 03:34 AM (FzVlt)
Posted by: dananjcon at August 27, 2011 03:40 AM (vXr7p)
Posted by: Vic at August 27, 2011 07:29 AM (M9Ie6)
The basic underlying premise for the raid is so wrong and wrong-headed that it cannot simply be interpreted as a mistake.
Others import the same stuff, but have had no trouble from the feds at all.
It's politics. The CEO of Gibson contributes to GOP candidates and PACS
It's not as if the Ogabe administration is above this kind of thing. Look at the Boeing situation...the politics is blatant, and to suggest otherwise is laughable
Posted by: beedubya at August 27, 2011 03:45 AM (AnTyA)
But juliett huddy looks damn tasty fer sure.
Look but don't touch. She's been married and divorced three times. There's crazy in them there smooth, soft hills...
Posted by: Alex at August 27, 2011 03:45 AM (J2ejK)
Posted by: dananjcon at August 27, 2011 03:49 AM (vXr7p)
Posted by: CoolCzech at August 27, 2011 03:51 AM (niZvt)
Posted by: CoolCzech at August 27, 2011 03:54 AM (niZvt)
Posted by: dananjcon at August 27, 2011 03:56 AM (FzVlt)
Posted by: No Whining at August 27, 2011 03:56 AM (t3irl)
Posted by: Juliette Husbands One, Two, Three... Testing! at August 27, 2011 03:57 AM (niZvt)
Posted by: Oldsailor's poet at August 27, 2011 03:58 AM (ZDUD4)
And yet, those talking heads on the tv will continue to tell us how Irene is barreling toward NYC.
I just hope the b*tch doesn't come straight up Chesapeake Bay.
Posted by: Retread at August 27, 2011 04:00 AM (G+7cD)
Posted by: Juliette Husbands One, Two, Three... Testing! at August 27, 2011 04:02 AM (niZvt)
Posted by: CoolCzech at August 27, 2011 04:02 AM (niZvt)
Posted by: dananjcon at August 27, 2011 04:03 AM (vXr7p)
Posted by: dananjcon at August 27, 2011 07:49 AM (vXr7p)
Yeah.
Another reason Gibson is being targeted is that they are in a right-to-work state. They moved their production capacity from Kalamazoo years ago to avoid the unions and the associated costs and troubles.
Look where the other manufacturers are located. None of them seem to be getting hassled by Ogabe and Holder.( I cribbed this list from a comment in another blog)
Fender, Taylor, Rickenbacker, Danelectro, Carvin, MusicMan, and ESPare in California;
Spector is in New York;
Martin is in Pennsylvania;
Guild, Ovation, and Hamer are in Connecticut;
Alvarez is in Missouri;
B.C. Rich is in Kentucky;
Heritage is in Michigan;
Washburn is in Illinois.
All are forced-union states
It gets better...Peavey is located in Mississippi...and strangely enough...they are being sued by other manufacturers for the claim they are not complying to fed safety and emissions standards
Posted by: beedubya at August 27, 2011 04:04 AM (AnTyA)
Posted by: dananjcon at August 27, 2011 04:08 AM (vXr7p)
Posted by: CoolCzech at August 27, 2011 04:09 AM (niZvt)
Posted by: phoenixgirl needs a generator for the house at August 27, 2011 04:10 AM (eOXTH)
Looking at the local radar, we are seeing what looks to be showers moving into the area.
Path looks to be coming from southeast, which would be the right direction if they are the first showers from Irene.
Posted by: Village Idiots Apprentice at August 27, 2011 04:12 AM (oH7DL)
Posted by: dananjcon at August 27, 2011 08:03 AM (vXr7p)
The Squire is actually a pretty good guitar.
I currently have some Epiphones and Samicks, the latter being located in Indonesia.
I would love to have a Gibson Les Paul Standard Plus, but I just cannot justify paying for the one I want
Posted by: beedubya at August 27, 2011 04:14 AM (AnTyA)
Posted by: Village Idiots Apprentice at August 27, 2011 04:16 AM (oH7DL)
Posted by: dananjcon at August 27, 2011 04:18 AM (vXr7p)
Someone forgot to feed the hamsters?
Posted by: Village Idiots Apprentice at August 27, 2011 04:20 AM (oH7DL)
Posted by: dananjcon at August 27, 2011 04:21 AM (q1Tbv)
Posted by: CoolCzech at August 27, 2011 04:22 AM (niZvt)
Posted by: dananjcon at August 27, 2011 04:26 AM (q1Tbv)
Posted by: CoolCzech at August 27, 2011 04:26 AM (niZvt)
Posted by: CoolCzech at August 27, 2011 04:28 AM (niZvt)
Posted by: CoolCzech at August 27, 2011 04:29 AM (niZvt)
Posted by: MSNBC, the carnival sideshow at August 27, 2011 04:31 AM (hn7Yz)
Posted by: CoolCzech at August 27, 2011 04:32 AM (niZvt)
Around twelve years ago, I purchased a Fender Squire Precision Bass that was made in China for $175. It's not a bad guitar, it has a buzz at G when one of the two-piece tuning keys rattle, but that's about it. I have some flatwound strings on it, which sound OK. The word "adequate" comes to mind.
If something happened to it, I wouldn't miss it.
Posted by: BackwardsBoy at August 27, 2011 04:34 AM (d0Tfm)
Posted by: CoolCzech at August 27, 2011 04:43 AM (niZvt)
Posted by: CoolCzech at August 27, 2011 04:47 AM (niZvt)
Posted by: Tonawanda at August 27, 2011 04:52 AM (fgysf)
Posted by: CoolCzech at August 27, 2011 04:53 AM (niZvt)
Posted by: Kratos (Ghost of Sparta) at August 27, 2011 04:54 AM (c0A3e)
And I place the blame firmly at the SCFoaMF's feet.
Is there nothing that this man can't f*ck up?
Posted by: Village Idiots Apprentice at August 27, 2011 04:55 AM (oH7DL)
Posted by: Velvet Ambition at August 27, 2011 04:55 AM (0OJd9)
Posted by: CoolCzech at August 27, 2011 04:56 AM (niZvt)
Posted by: Laura Castellano at August 27, 2011 04:56 AM (fuw6p)
Posted by: Retread at August 27, 2011 04:58 AM (G+7cD)
Posted by: CoolCzech at August 27, 2011 04:58 AM (niZvt)
Posted by: CoolCzech at August 27, 2011 05:01 AM (niZvt)
Posted by: Laura Castellano at August 27, 2011 08:56 AM (fuw6p)
Wait...I'm suppose to take all the window screens off? Ooooh...I don't think so.
Posted by: Tami at August 27, 2011 05:02 AM (X6akg)
Posted by: CoolCzech at August 27, 2011 05:03 AM (niZvt)
Posted by: CoolCzech at August 27, 2011 05:04 AM (niZvt)
Should screens come off or not???
Posted by: CoolCzech at August 27, 2011 09:04 AM (niZvt)
Because this house has a shitload of windows and my husband is in India.
Posted by: Tami at August 27, 2011 05:08 AM (X6akg)
Zero hurricane experience here.
I've been through four just this decade, IIRC. Unlike earthquakes, we know they're coming and have time to prepare.
Think of a tornado that lasts for about three hours.
Posted by: BackwardsBoy at August 27, 2011 05:10 AM (d0Tfm)
Depends on how high the wind gusts are expected to be.
Have you ever seen one sail through the air and embed itself in your neighbor's car? I just open the window, take off the screen and sit it on the floor, ready to go back on the window when the wind is over.
Posted by: Retread at August 27, 2011 05:11 AM (G+7cD)
This makes no friggin' sense whatsoever. Savers get ass raped during hyperinflation. The people who win big in hyperinflation are the debtors. Think about it: saver has "$100" in the bank that's now worth about 5 cents. Fail. Debtor owes "$100" that can now be repaid with the equivalent of 5 cents. EPIC Win.
Posted by: Hoobert Heever at August 27, 2011 05:11 AM (CEOIK)
Posted by: jeanne at August 27, 2011 05:12 AM (kWf6f)
Posted by: CoolCzech at August 27, 2011 05:12 AM (niZvt)
Posted by: SFGoth
..............
You apparently have never worked for a German.. or, are one yourself.
Posted by: Chi-Town Jerry at August 27, 2011 05:13 AM (UTq/I)
Posted by: Alex at August 27, 2011 05:13 AM (J2ejK)
Posted by: BackwardsBoy at August 27, 2011 05:18 AM (d0Tfm)
Easy, we all do!
Posted by: Stevea28 at August 27, 2011 05:19 AM (CSFhQ)
Rock this town, make you scream and shou hout.
Let's rock
Rock
Rock man Rock
We're gonna rock till we pop
We're gonna rock till we drop
Obama is a stuttering clusterfuck of a miserable failure
We're gonna rock this town
Rock it inside out.
Posted by: Stray (and unemployed) Cat at August 27, 2011 05:21 AM (nw/7d)
In defense of Americans, a friend's parents were found to have owed half a million to the I R S cause of an error in math. When they said they couldn't pay it all at once but would gladly love a payment plan, the I R S guy said "refinance your house and get the money that way, everyone does it, but no matter what, we'll get our money".
So if the I R S is saying "refinance your house and use it as a piggy bank, there's almost no hope.
Posted by: curious at August 27, 2011 05:25 AM (k1rwm)
77
CoolCzech: I appreciate your posts. Do you need a hug?
----------------------------------------------------------------
Good luck to all the East Coast 'rons and 'ettes as you batten down the hatches for the hurricane.
Posted by: Retired Buckeye Cop at August 27, 2011 05:26 AM (M0NzJ)
Posted by: CoolCzech at August 27, 2011 05:27 AM (niZvt)
Posted by: CoolCzech at August 27, 2011 05:31 AM (niZvt)
Posted by: perry's site at August 27, 2011 05:34 AM (Ou4YC)
what a coinky-dink, I have an Ibanez jazz box from China, beautiful thing but the G rattles at the bridge. Oh well!
BTW Gibson also has a factory in Bozeman, MT..think they make acoustics.
Posted by: jeanne at August 27, 2011 05:35 AM (kWf6f)
Posted by: Lincolntf at August 27, 2011 05:37 AM (FzVlt)
Feeling proud of my German heritage! But the rule was already violated last year.
Posted by: jeanne at August 27, 2011 05:38 AM (kWf6f)
We get slammed just often enough to do the prep every time. When the power is out it helps to know you have that cooler full of iced down beer to drink while you grill all that thawing out cow critter from the freezer. Makes you the most popular family on the street.
Posted by: Retread at August 27, 2011 05:41 AM (G+7cD)
Working for a German on an hourly basis is kinda fun.. they know their anal retentiveness is costing them more and more each hour they keep you there lining up every character on every report until it is "just so".. but, they can't help themselves!
Posted by: Chi-Town Jerry at August 27, 2011 05:42 AM (UTq/I)
I was running around like crazy yesterday to prep for the storm (I know, I should not have allowed the media to get me too excited) and the Mrs. was just NOT helping out at all; she's firmly convinced it will turn out to be one big nothingburger.
Oh! We should put her and Mr. Dagny into a crisis situation and see what happens. He went off to watch a football scrimmage and I did all the heavy physical labor. You know how hard it is to lift those huge market umbrellas out of glass tables when you're 5'3"? I had to carry all the lawn furniture around the house to the garage one piece at a time. Plus I lifted multiple buckets of water to fill some big plastic tubs since during Isabel we lost flushing (no water) which was the worst thing ever.
Posted by: dagny at August 27, 2011 05:44 AM (PlWAW)
Sniff**sniff**
I'm on the PC now and it still sucks.
C'mon Pixy, yo can do it!
Oh and Shemp Smith is is at hurricane- hand-wringing ELEVENTY!! What smug putz!
Posted by: dananjcon at August 27, 2011 05:45 AM (cU588)
Posted by: Ma Bell at August 27, 2011 05:47 AM (H/MnC)
I finally found a forum that suggested using a slightly thicker wound G string instead of unwound, and that did the trick.
Posted by: Chi-Town Jerry at August 27, 2011 05:48 AM (UTq/I)
Ahhh, there was a time, Ladies and Gentlemen, when people were actually FREE to SPEAK THEIR MIND. 40 years ago, alas.
Posted by: CoolCzech at August 27, 2011 09:27 AM (niZvt)
Amen to that. I'll have to see if I can find a copy of that series.
Posted by: beedubya at August 27, 2011 05:49 AM (AnTyA)
Posted by: dananjcon at August 27, 2011 05:50 AM (cU588)
.............
Ha.. typical German's reaction!
lol
Posted by: Chi-Town Jerry at August 27, 2011 05:51 AM (UTq/I)
Posted by: phoenixgirl needs a generator for the house at August 27, 2011 05:51 AM (eOXTH)
Heh. Morehead.
Posted by: K~Bob at August 27, 2011 05:52 AM (9b6FB)
Posted by: dananjcon at August 27, 2011 06:05 AM (cU588)
Posted by: De' Debil Hisself at August 27, 2011 06:07 AM (j5CHE)
Criticizing white euros is always PC.
Posted by: jeanne at August 27, 2011 06:07 AM (kWf6f)
Posted by: De' Debil Hisself at August 27, 2011 10:07 AM (j5CHE)
Yeah, but it seems to have scurried along.
Posted by: dananjcon at August 27, 2011 06:09 AM (cU588)
Posted by: phoenixgirl needs a generator for the house at August 27, 2011 09:51 AM (eOXTH)
I think you need something other than a generator. ;o)
Posted by: Tami at August 27, 2011 06:10 AM (X6akg)
Well, since some of you met a German once, or had a great-great-great grandma who's grandma was German you must really know what germans are like. Or some of you were stationed in germany at one time and really knew the germans that lived around the bases or posts, you know germans (really?). But since the pixy hamster don't seem to be working for me this morning, I have a hard time to put you in some knowledge.
Good thing is, since my ex-husband was a fucking pedophile, I don't think all americans are fucking pedophiles. So lay off the damn stereotyping, like getting your advanced knowledge about germans from idiotic movies like Beerfest
Posted by: Ma Bell at August 27, 2011 06:11 AM (H/MnC)
Posted by: dananjcon at August 27, 2011 06:11 AM (cU588)
Posted by: FRONT TOWARD LEFT at August 27, 2011 06:12 AM (cbyrC)
Posted by: CoolCzech at August 27, 2011 06:12 AM (niZvt)
Posted by: phoenixgirl needs a generator for the house at August 27, 2011 06:14 AM (eOXTH)
Posted by: CoolCzech at August 27, 2011 06:14 AM (niZvt)
Good thing is, since my ex-husband was a fucking pedophile, I don't think all americans are fucking pedophiles. So lay off the damn stereotyping, like getting your advanced knowledge about germans from idiotic movies like Beerfest
Posted by: Ma Bell at August 27, 2011 10:11 AM (H/MnC)
Hey I feel your pain Ma, but don't lecture me on stereotypes. I'm Polish/Italian.
I enjoy your posts, lighten-up were on the same team.
Posted by: dananjcon at August 27, 2011 06:15 AM (cU588)
Posted by: dagny at August 27, 2011 06:15 AM (PlWAW)
A light but steady downpour, as of the moment.
Posted by: CoolCzech at August 27, 2011 10:14 AM (niZvt)
Where are you CC? Not raining here.
Posted by: Tami at August 27, 2011 06:16 AM (X6akg)
Posted by: the office of diversity and inclusion at August 27, 2011 06:17 AM (eOXTH)
Posted by: Tami at August 27, 2011 06:18 AM (X6akg)
And sorry to hear about your ex, thats horrible. Hope you have found some peace.
Posted by: dananjcon at August 27, 2011 06:18 AM (cU588)
Posted by: CoolCzech at August 27, 2011 10:12 AM (niZvt)
Maybe you should look a little farther east (the Russians for example) to talk about amassed "grössenwahn", since half off my relatives are from russia, poland and what used to be "Tchechoslovakien", my uncle and cousins still live in Praque.
Posted by: Ma Bell at August 27, 2011 06:18 AM (H/MnC)
Posted by: CoolCzech at August 27, 2011 06:19 AM (niZvt)
Posted by: Knaws at August 27, 2011 06:19 AM (enHeF)
Posted by: Count de Monet at August 27, 2011 06:20 AM (4q5tP)
CC, you've met my mother, haven't you?
Posted by: Retread at August 27, 2011 06:20 AM (G+7cD)
Why is that necessary?
Posted by: jwb7605 at August 27, 2011 06:20 AM (Qxe/p)
This is not about American culture. It's about an out-of-control feral government that is doing all sorts of shit under the radar that people don't even hear about until it blows up in our faces.
Posted by: progressoverpeace at August 27, 2011 06:20 AM (F5tJy)
Posted by: the one who knows where the bodies are buried at August 27, 2011 06:21 AM (eOXTH)
Posted by: dagny at August 27, 2011 06:21 AM (PlWAW)
Richard Ramirez?? Is that you?
Posted by: dananjcon at August 27, 2011 06:23 AM (cU588)
Posted by: CoolCzech at August 27, 2011 06:23 AM (niZvt)
Why is that necessary?
Posted by: jwb7605 at August 27, 2011 10:20 AM (Qxe/p)
To have a water supply in case it goes out. Can't just fill up the bathtub because it will slowly leak out the drain.
Posted by: Tami at August 27, 2011 06:24 AM (X6akg)
Posted by: phoenixgirl at August 27, 2011 06:25 AM (eOXTH)
Posted by: CoolCzech at August 27, 2011 06:25 AM (niZvt)
Posted by: phoenixgirl at August 27, 2011 06:25 AM (eOXTH)
This nation is just losing it, big time.
Posted by: progressoverpeace at August 27, 2011 06:26 AM (F5tJy)
Posted by: the one who knows where the bodies are buried at August 27, 2011 10:21 AM (eOXTH)
I need Dexter lessons.
Posted by: Tami at August 27, 2011 06:26 AM (X6akg)
Posted by: progressoverpeace at August 27, 2011 10:20 AM (F5tJy)
I actually benefitted from an FHA/Fanny low down paymeny mortgage and have never missed a payment. Problem is, for every one of me there is probably 3 deadbeats.
Posted by: dananjcon at August 27, 2011 06:26 AM (cU588)
Posted by: phoenixgirl at August 27, 2011 10:25 AM (eOXTH)
There's that too....
Posted by: Tami at August 27, 2011 06:26 AM (X6akg)
Posted by: K~Bob at August 27, 2011 06:26 AM (9b6FB)
I was wondering why she didn't want it to get wet.
Posted by: jwb7605 at August 27, 2011 06:27 AM (Qxe/p)
Posted by: CoolCzech at August 27, 2011 06:27 AM (niZvt)
NOAA is 6 miles west of me.
At 5500 feet.
Posted by: jwb7605 at August 27, 2011 06:28 AM (Qxe/p)
Posted by: CoolCzech at August 27, 2011 06:29 AM (niZvt)
It's only bound to get worse, now that Germany has refused to pay reparations.
Posted by: jwb7605 at August 27, 2011 06:30 AM (Qxe/p)
One of the insidious things about the Social Security program here in the US, is the way it gradually eroded people's regard for the necessity of having their own Savings for their old age.
It fostered the concept of 'entitlement'...Since people had paid into it -- they rightfully felt entitled to it.
The unfortunate thing, is that most people don't understand that their employer is required to match every dollar that they are withholding in SocSec [& Medicare] from each paycheck.....So when jobs are killed, that is a loss times 2 in contributions to the ponzi scheme.
Posted by: ConservativeMenAreJustHotter at August 27, 2011 06:30 AM (X0fQW)
Posted by: beedubya at August 27, 2011 07:19 AM (AnTyA)
Yeah, but a narrow one. Gibson employees aren't big political givers and even the CEO gave around a grand total of $6000 this past election season. He didn't even give to McCain, although he gave some to Huck.
Why do I think that one of Obama's biggest supporters would benefit greatly from Gibson's demise?
BTW, remember all of the IRS investigations against conservatives in the Clinton era? It was pretty blatant. We haven't really seen that with Obama.
Posted by: AmishDude at August 27, 2011 06:31 AM (73tyQ)
My old and weathered 2012 bumper stickers will still be on whatever vehicle I'm driving then, if cars and trucks are still allowed.
Posted by: I'm in a New York state of mind at August 27, 2011 06:31 AM (4sQwu)
No, that wasn't her, she kinda favors the military, if you get my drift.
Posted by: Retread at August 27, 2011 06:33 AM (G+7cD)
Posted by: CoolCzech at August 27, 2011 10:23 AM (niZvt)
Give it a break. Just like Czechs can be arrogant assholes, or poles, or the french or the british or americans for that matter. If you don't like germans because of what happened during WWII you will never change your mind, but maybe you should dig a lot deeper into european history to find out that at one point or another every country came to the conclusion they were better than someone else. Isn't that true for how the USA thinks, or is this thing about exceptionalism just my fantasy. All I am asking is to stop stereotyping and not lecturing me about arrogance. I still have relatives , my mother included, that lived through Hitler and most of them were not considered "masterrace" because of their political views and or heritage, even so they were germans.
Posted by: Ma Bell at August 27, 2011 06:34 AM (H/MnC)
Now they need to add SCOAMFOTUS. I predict (you read it here first) that'll come to be pronounced "ScumFoatus" which is nice. So he's got that goin' for him.
Posted by: K~Bob at August 27, 2011 06:34 AM (9b6FB)
What happened to the awning?!!!
Posted by: As If! at August 27, 2011 10:33 AM (piMMO)
Check you neighbor's pool.
Posted by: dananjcon at August 27, 2011 06:35 AM (cU588)
The ONLY way to stop this is to stop the Cargo Cult of America.
I and others have been promoting the idea of stopping those who take money from the government from voting for the members of that government. It is a conflict of interest writ large. It is completely constitutional. Taking the government money is voluntary. You then also voluntarily recuse yourself from voting. Anyone caught violating this law would lose their vote as it would be a felony conflict of interest. Simple. Probably impossible to enact, but simple.
Posted by: chuck in st paul at August 27, 2011 06:35 AM (EhYdw)
Posted by: CoolCzech at August 27, 2011 06:35 AM (niZvt)
I actually benefitted from an FHA/Fanny low down paymeny mortgage and have never missed a payment. Problem is, for every one of me there is probably 3 deadbeats.
Posted by: dananjcon at August 27, 2011 10:26 AM (cU58
There was nothing inherently wrong with the loans they gave out. Low downpayment loans are just fine - if the credit worthiness of the borrower is good enough to justify it. The problem was that the feral government forced banks to ignore the creditworthiness of the low income borrowers (forcing them to count welfare payments as income, for a very simple example) and pervert the debt markets in order to accomodate these awful loans - imagining that this perversion of debt pricing could be quarantined in the sub-sub-prime shit loans ... but arbitrage is more active in the debt markets than anything else and those perversions of price were guaranteed to make their way through the whole system, which they did. The only thing that kept the mispricing hidden was the "implicit" guarantee by Fannie and Freddie.
So, in the end, most of those loans were totally unjustifiable, either in terms of too low downpayment or the interest rate being too low, but that was exactly what the feral government set out to force on the banks and the debt markets. There was a good reason for redlining, and the credit crisis showed it.
That said, even lots of bad loans pay off in a timely fashion. It's just at the margins that you get the big differences, but with the leveraged nature of these instruments, those marginal changes can have gigantic impacts.
Posted by: progressoverpeace at August 27, 2011 06:35 AM (F5tJy)
Posted by: CoolCzech at August 27, 2011 06:37 AM (niZvt)
Now they need to add SCOAMFOTUS. I predict (you read it here first) that'll come to be pronounced "ScumFoatus" which is nice. So he's got that goin' for him.
Posted by: K~Bob at August 27, 2011 10:34 AM (9b6FB)
Thats just awesome.
Posted by: dananjcon at August 27, 2011 06:37 AM (cU588)
Posted by: Retread at August 27, 2011 06:38 AM (G+7cD)
Posted by: CoolCzech at August 27, 2011 06:38 AM (niZvt)
Posted by: K~Bob at August 27, 2011 10:34 AM (9b6FB)
The urban dictionary carries "Precedent Obama" as a positive title for Barky. LOL. I can't tell you how many leftists tried to get on my ass over calling the Indonesian Imbecile "The Precedent".
Posted by: progressoverpeace at August 27, 2011 06:39 AM (F5tJy)
Was working up a witty comment on my admiration for Captain Von Trapp's sense of household order and discipline, especially with regards to raising children (all that whistle blowing and marching about gets me right, *here*, everytime. But now the mood is spoiled.
BTW, my ex-wife (child of '60s hippies) never shared in my affinity for rules, order, planning, structure, etc. She was definitely more the free-flowing type.
Posted by: Count de Monet at August 27, 2011 06:40 AM (4q5tP)
I'm adding it into my comments at other blogs, too. It's so wrong, it's right!
Posted by: K~Bob at August 27, 2011 06:41 AM (9b6FB)
No. A fellow conservative does not necessarily a friend make. I've run up against Gibson legally several times, and Henry is an abusive, unreasonable prick.
You may want to like him but you wouldn't if you knew him.
Posted by: Blacksheep at August 27, 2011 06:42 AM (Yd5KG)
That was meant to be somewhat light hearted.
I've visited Europe ONCE -- to Sweden.
Business trip, but we managed to see that ship designed by bureaucrats that sunk in the harbor -- countries used to build things with really insulting depictions of citizens of other countries -- in that particular case, Poles.
Go to the Philippines and discuss the Japanese.
Go to Japan and discuss the Chinese.
Hell, just go to any American Indian Reservation and discuss any European culture.
Germans have a lock on nothing.
Posted by: jwb7605 at August 27, 2011 06:43 AM (Qxe/p)
Posted by: CoolCzech at August 27, 2011 10:37 AM (niZvt)
That's why I said to stop stereotyping. Everybody goes at it with preconceived notions and make things the way they expect it to be. I always had an open mind, but I also don't give a shit (I am honeybadger that way) what someone thinks of me just because i am german. But at one point I lost it. Had a boss who every time he saw me greeted me with the Hitler salute. One day I lost it and I basically cornered him and really let loose. He was a 6'4 Somoan, about 350 pounds, but looked very small at that moment. He got fired, I didn't. Of course he later claimed descrimination
Posted by: Ma Bell at August 27, 2011 06:45 AM (H/MnC)
Posted by: CoolCzech at August 27, 2011 06:46 AM (niZvt)
More stuff like I saw at lolbamas.com, please.
Posted by: K~Bob at August 27, 2011 06:46 AM (9b6FB)
Changing the culture with all the wrong people, Obama's done that.
Whether we elect the "right" people certainly makes the difference in timing the cultural transition of making it profitable to motivate the wrong people to do the right thing. Timing the effective D9 response obviously matters, given the permeation of DOOM. Who gets elected certainly does matter, since more of the same corrupting "wrong people" enabling/empowering/enforcing statist/corporatism will never tolerate discussion, let alone debate, of what IS fiscally sound. "Not simply to elect the right people" is not to say that electing the right people doesn't matter.
I do not believe that the solution to our problem is simply to elect the right people. The important thing is to establish a political climate of opinion which will make it politically profitable for the wrong people to do the right thing. Unless it is politically profitable for the wrong people to do the right thing, the right people will not do the right thing either, or if they try, they will shortly be out of office. - Milton Friedman
Establish a political climate of opinion to make it politically profitable for everyone to do the right thing. And Alinsky's political climate of opinion makes/keeps it politically profitable for everyone to do the wrong thing.
Granted, I've only made it through the first 7 pages of the Michael Lewis "It's the Economy, Dummkopf" Vanity Fair Sept.2011. But so far, the anti-Germanic* prejudice stinks worse than shit. I'm interested in finding how Lewis will conclude his the argument.
"They can probably afford to pay off the debts of their fellow Europeans, but will they actually do it? Are they now Europeans, or are they still Germans?" The German people all know at least one fact about the euro: that before they agreed to trade in their deutsche marks their leaders promised them, explicitly, they would never be required to bail out other countries. Lewis. --The Queen of England can probably afford to pay off the debts of her fellow Europeans, but will she actually do it? Is she now European, or is she still English/British?"
"The only economically plausible scenario is that Germans, with a bit of help from a rapidly shrinking population of solvent European countries, suck it up, work harder, and pay for everyone else." Lewis. -- No. In order to maintain any sovereignty, every nation must do as Iceland. Suck it up, and tell the Ponzi "investment" bastards to fuck off. Own up to your own debt without accepting the imposition of fraud from globalist "investors".
That was what the currency union always implied: entire peoples had to change their ways of life. Conceived as a tool for integrating Germany into Europe, and preventing Germans from dominating others, it has become the opposite. For better or for worse, the Germans now own Europe. If the rest of Europe is to continue to enjoy the benefits of what is essentially a German currency, they need to become more German. And so, once again, all sorts of people who would rather not think about what it means to be “German” are compelled to do so. [It boils down to] personal behavior. -- Lewis. So the Euro was conceived (by anti-Germans) to be the tool to dominate Germany and prevent Germany from being German? Again, winning the hearts and minds of "the enemy" is shit no matter who "masterminds" the movement.
Mr. Lewis speaks with as much respect for observance of contract law as Obama, which is nothing to brag about. And we're back to changing culture with all the wrong people, for all the wrong reasons.
Frederic Bastiat (184
Excerpts:
Much has been said in our day of inventing a new organization. When a man believes that he has discovered a social organization different from that which results from the ordinary tendencies of human nature, it is quite necessary, in order to obtain acceptance for his invention, to paint the organization he wishes to abolish in the most somber color. Then they are led to condemn the very mainspring of human action — I mean a regard to personal interest, because it has brought about such a state of things. Let us note that man is so organized as to seek enjoyment and avoid suffering. From this source I allow that all social evils take their rise — war, slavery, monopoly, privilege. But from the same source springs all that is good, since the satisfaction of wants and repugnance to suffering are the motives of human action. The business then is to discover whether this incitement to action, by its universality — from individual becoming social — is not in itself a principle of progress. At all events, do the inventors of new organizations not perceive that this principle, inherent in the very nature of man, will follow them into their systems, and that there it will make greater havoc than in our natural organization, in which the interest and unjust pretensions of one are at least restrained by the resistance of all? These writers always make two inadmissible suppositions: the first is that society, such as they conceive it, will be directed by infallible men denuded of their motive of self-interest; and the second is that the masses will allow themselves to be directed by these men. Finally, these system makers appear to give themselves no trouble about the means of execution. How are they to establish their system? How are they to induce all mankind at once to give up the principle upon which they now act — the attraction of enjoyment, and the repugnance to pain? It would be necessary, as Rousseau has said, to change the moral and physical constitution of man. n order to induce men at once to throw aside, as a worn-out garment, the existing social order in which the human race has lived and been developed from the beginning to our day, to adopt an organization of human invention and become docile parts of another mechanism, there are, it seems to me, only two means which can be employed: force, or universal consent. The founder of the new system must have at his disposal a force capable of overcoming all resistance, so that humanity shall be in his hands only as so much melting wax to be molded and fashioned at his pleasure — or he must obtain by persuasion an assent so complete, so exclusive, so blind even, as to render unnecessary the employment of force.
Posted by: maverick muse at August 27, 2011 06:47 AM (lpWVn)
Not-so-long story.
There were several of us here until the wee hours of the morning watching a live feed of some jackass with a webcam and a Ustream account. He parked his car ass in Moorhead City so that he could report the full impact of the storm first-hand. Mainly, he focused his camera....for hours...on an old gas station awning and a utility pole.
Yes. We watched video of a gas station awning and a utility pole for hours. Not like, 2 hours, but for something like 5 or 6 hours.
It was too awesome to describe.
Posted by: As If! at August 27, 2011 06:48 AM (piMMO)
Have you ever just typed a two sentence response?
Posted by: Tami at August 27, 2011 06:48 AM (X6akg)
Posted by: CoolCzech at August 27, 2011 06:50 AM (niZvt)
It was too awesome to describe.
When will Shep be reporting it? I've got Fox on now.
Posted by: jwb7605 at August 27, 2011 06:50 AM (Qxe/p)
Posted by: Oldsailor's poet at August 27, 2011 06:53 AM (ZDUD4)
Posted by: Barney Frank at August 27, 2011 06:55 AM (niZvt)
Posted by: emaugust at August 27, 2011 06:57 AM (E8wmM)
Posted by: huerfano at August 27, 2011 06:58 AM (kD+se)
Damn, they get old.
Posted by: K~Bob at August 27, 2011 06:59 AM (9b6FB)
Possibly, somewhere into about the 3rd hour CNN got wind of the feed and aired a clip.
The awning and the pole were, of course, boring as hell. The entertainment came frem the fact that, 1. the guy was clearly stoned (and stupid) and 2. his buzz wore off just in time for the bad bands to start rolling through so 3. he was scared shitless.
We witnessed the entire breadth of humanity throughout the night. At one point he said, and I'm not exaggerating here, The atmosphere is full of weather.
He was, at first, timid. Then, as his viewer count went up he became increasingly full of shit and then got really, really cocky. That was about the time the real winds started hitting him.
I'm not kidding. It was friggin awesome!
Posted by: As If! at August 27, 2011 06:59 AM (piMMO)
Posted by: huerfano at August 27, 2011 10:58 AM (kD+se)
Huerfano, you would have had fun if you'd been watching hm with the morons.
GGE start analogizing to the "atmosphere" statement i.e., The atmosphere in this restaurant is full of ambiance.
We were clearly punch drunk.
Posted by: As If! at August 27, 2011 07:05 AM (piMMO)
Posted by: emaugust at August 27, 2011 07:05 AM (E8wmM)
Go on...CoolCzech
obtain by persuasion an assent so complete, so exclusive, so blind even, as to render unnecessary the employment of force.
Higher revisionist education produces a nuanced ignorance.
The important thing is to establish a political climate of opinion which will make it politically profitable for the wrong people to do the right thing.
Who else recalls the braggarts here crowing with pride for being so "smart" to participate in the Cash for Clunkers tax funded scam?
“But I could never do this,” he said. “It would be illoyal!”
Posted by: maverick muse at August 27, 2011 07:08 AM (lpWVn)
Posted by: CoolCzech at August 27, 2011 07:09 AM (niZvt)
Obama will invert that to taxing Americans the 13th and even 14th nonexistent months during which time "our" $tupid $pending will continue mounting unprecedented insane heights of folly.
Posted by: maverick muse at August 27, 2011 07:14 AM (lpWVn)
Posted by: Amy P at August 27, 2011 07:51 AM (aJjEr)
Posted by: Amy P at August 27, 2011 07:53 AM (aJjEr)
Being an American who is the grandson of German immigrants, I say that Chi-Town Jerry has Germans pegged exactly right. They are the kind of people who obsess over whether "anal-retentive" should be spelled with a hyphen.
Posted by: Brown Line at August 27, 2011 08:03 AM (tY0t3)
Posted by: Federale at August 27, 2011 08:11 AM (7xqyd)
A little somethin-somethin to lodge in the back of your mind: Germans don't have as much national identity as we project on them. Their "state" governments have a lot of power, and they tend to blame all-Germany problems on their other tribes. When a war goes badly, it's always those damn Prussians who dragged the gentle Schwabians into it. And the Bavarians are hillbillies.
Don't blame me. I'm Pomeranian. With a lick of Brandenburger.
Posted by: comatus at August 27, 2011 08:38 AM (W5ilH)
Posted by: CoolCzech at August 27, 2011 08:47 AM (niZvt)
Posted by: steevy at August 27, 2011 11:47 AM (pV6cO)
Posted by: God, No! AudioBook at August 27, 2011 04:32 PM (K7myj)
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Posted by: SFGoth at August 26, 2011 11:27 PM (l6y6R)