The Federal Reserve’s Open Market Committee met today, and it seems they’re keepin’ on keepin’ on. At least according to their release: The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period. The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. Now, this is despite recognizing that...
Continue reading...Poplicola
Social conservatives and irrelevant solutions
Well, David Boaz at Cato and I may share very few opinions, but I always appreciate a good smack-down: Social conservatives talk about real problems but offer irrelevant solutions. They act like the man who searched for his keys under the streetlight because the light was better there. Social conservatives tend to talk about issues like abortion and gay rights, stem-cell research and the role of religion “in the public square”: “Those who would have us ignore the battle being fought over life, marriage and religious liberty have forgotten the lessons of history,”said Rep. Mike Pence (R-Ind.)...
Continue reading..."I believe the Lord would have you be real."
So, we’ve been paying a lot of attention lately to Christine O’Donnell and Sharron Angle, the Neo-Palinists (a cursory Google search leads me to hope that I coined that term), but Michael Gross at Vanity Fair brings us something pretty spectacular from the Original Gangster herself that is pretty incredible. It comes in the form of an e-mail sent by pastor and right-wing political activist (pre-tea party) Lou Engle (no relation to Friedrich Engels) to Sarah right before her vice presidential debate with then-Sen. Joe Biden:* The e-mail was written by Lou Engle, a right-wing pastor and...
Continue reading...Morning Constitutional – Tuesday, 21 September 2010
Good morning, folks. Planet Michael, a virtual world devoted to Michael Jackson’s life, is being developed. Now, your morning constitutional: The Senate will take up a Defense Authorization Act today that includes a repeal of the “don’t ask, don’t tell” policy forbidding gays and lesbians from serving in the military. Letting all the Bush tax cuts expire could come close to balancing the budget. House Republicans plan to unveil a campaign blueprint later this week, which they hope will show that Republicans have an agenda to govern beyond merely stopping the White House. Adults under 30 are...
Continue reading...She turned me into a newt
Good grief. So, Republican nominee for Senate Christine O’Donnell claimed back in (maybe) 1999 on Bill Maher’s Politically Incorrect to have dabbled in witchcraft (but never joined a coven), and had one her first dates on a Satanic altar (after seeing a movie, of course). May be a cliché, but this is seriously some shit that you really just can’t make up.
Continue reading...Irish Taoiseach Brian Cowen probably hammered right now
Breaking News: The Taoiseach (Prime Minister) of the Republic of Ireland gets drunk. Quite a bit. In fact, he’s probably rat-arsed right now. According, at least, to an alarming exposé by none other than that bastion of journalistic excellence, the Daily Mail: But a review of Mr Cowen’s public behaviour and his own admissions, coupled with extensive interviews of people who have witnessed the Taoiseach’s excessive consumption, reveals a habit of drinking that has been well known in Leinster House for more than a decade. This is a man who has designated Wednesday nights as ‘drinking nights’...
Continue reading...Won't somebody think of the children?
The National Review cover story, “The Case for Marriage,” draws an argument against same-sex marriage solely founded on the idea that marriage is for sexual relations, and that sexual intercourse between men and women makes babies. It is true that marriage is, in part, an emotional union, and it is also true that spouses often take care of each other and thereby reduce the caregiving burden on other people. But neither of these truths is the fundamental reason for marriage. The reason marriage exists is that the sexual intercourse of men and women regularly produces children. If...
Continue reading...New York Times Columnist Line of the Day
If you’re one of the four-or-so frequent readers of this here blog, chances are you also occasionally check out the New York Times op-ed page. You may even know the names: Thomas “Friedman’s Just Another Word For Nothing Left to Lose” Friedman, Gail “The Colander” Collins, Nicholas “The Dark Crystal” Kristof, &c. This is a daily feature dedicated to these folks: one line that is either awesome, funny, insightful, intelligent, ridiculous, or utterly divorced from reality. I hope you enjoy. Today’s is from Paul “The Little Professor” Krugman, who in his column “The Angry Rich,” highlights the...
Continue reading...Morning Constitutional – Monday, 20 September 2010
Good morning, everybody. Lindsay failed another drug test. Now, your morning constitutional: The busted oil well in the Gulf of Mexico is finally plugged for good. President Obama will revive its defense and support of the health care reform passed earlier, with a number of changes taking effect this week, including the elimination of co-payments for preventative services and allowing people to stay on their parents’ insurance until they’re 26. The Sweden Democrats, Sweden’s far-right party, won seats in the Swedish parliament for the first time, denying the ruling center-right coalition enough seats to form a majority...
Continue reading...Nominee for Senate Christine O'Donnell thinks if you get AIDS, you deserved it. Also, thinks Joe Biden tapped her phones.
One of many 1990s-era videos featuring Christine O’Donnell, the newly-minted Republican nominee for Senate from Delaware, spouting crazy nonsense. Did you know that condoms actually facilitate HIV transmission? Also, Politico has some stories from former staffers from her failed 2008 senate attempt: Kristin Murray, who left her position in the state party to serve as one of several campaign managers for O’Donnell during that race, said warning bells went off in June 2008 when the two were discussing cell phone plans. ‘She told me that she thought Joe Biden tapped her phone line,’ she said. Alan Moore,...
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