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My assessment of the situation

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Russell 2000 down 9% meanwhile riots and looting in London coming along nicely for the third night. UK politicians reluctantly returning from vacations to deal with the situation. In Europe the financial crisis not serious enough yet to interrupt Eurocrat and Europol traditional August vacations.

I’ve heard of steering into the skid but this seems more steering towards the iceberg … more taxes, more regulations, more spending … could we ask the federal government to take a week or two off from helping ?

I just read the following:

“U.S. troops returning from Iraq were being re-allocated to occupy America, running checkpoints and training to deal with “civil unrest and crowd control” under the auspices of a Northcom program that revolved around deploying 20,000 active duty troops inside America to “help” state and local officials during times of emergency.

The date set for the completion of this program was 2011, just in time to deal with the “pre-revolutionary” fervor that many fear will now manifest itself in Greece-like mayhem as a result of the fallout from the debt downgrade and America’s slide towards economic collapse.”

I would only ad to the professor’s remarks that our captain is an arrogant SOB, hell bent on spewing absurd remarks of denial as his comrades keep trying to steer the ship either onto the rocks or into the approaching storm.

I’m fascinated at how many erstwhile Obama supporters are just now realizing that he never was up to the job.

http://www.thedailybeast.com/articles/2011/08/07/hillary-clinton-2012-calls-grow-with-anger-at-obama-debt-capitulation.html

How did he pull off such an enormous mass delusion? It’s amazing. Honestly, there ARE capable Democrats out there – BHO never was one of them, not even among the most capable 10,000 Democrats. His followers’ capacity for self-delusion has been truly historic.

    mbabbitt in reply to billdyszel. | August 8, 2011 at 8:31 pm

    The Liberal News Media is responsible for spreading Obama’s propaganda and not providing vetting of him, his friends, acquaintances, and collegues. The press has not just failed the public, but have commited an ethics atrocity against all of us by its sychophantic adoration of an incompetant man just because he is black. They have betrayed the Reverand Martin Luther King who asked us to judge people by the content of their character instead of the color of their skin. They protected him for two reasons: because he is black and a liberal-tending-socialist. It has nothing to do with his character. Obama voted present on many issues — except for the right of a doctor to kill a child from a botched abortion, went to a white hating church for many years, hung out with Marxists and unrepentant terrorists, and everything he touched went bankrupt. This is the man who the press chose to be our leader in these trying times. What a travesty.

      bobby b in reply to mbabbitt. | August 8, 2011 at 10:38 pm

      “The Liberal News Media is responsible . . . ”

      No, no, no. Just . . . no.

      Every voter who chose to check off BO’s name on a ballet without even pausing to think “who the eff is this guy?” is responsible.

      Every voter who never thought to question “constitutional law professor” – who never looked a bit deeper to find he was hired as a temp lecturer specifically because a big-money alumni was going to be bankrolling him in a chicago election and knew he needed something on his resume and so made a nice “hire my friend BO” donation to the law school – those voters are responsible.

      Every voter who voted for BO based on a campaign ad is responsible.

      Every voter who voted for BO thinking “I’m SO not racist!” is responsible.

      Every voter who voted for BO thinking “yeah, I know he’s slime, but he’ll be stealing things and giving them to ME” is responsible.

      The media are businesses. Businesses sell us whatever we will pay them for. Last I heard, American consumers buy more porn than any other form of delivered content. MSNBC is just trying to follow a winning model.

      We get what we (collectively) deserve. Arguably, given our (again, collective) unwillingness to investigate and listen and study and think, we deserve crap. And once again, the market delivers.

    WarEagle82 in reply to billdyszel. | August 8, 2011 at 9:43 pm

    Name a “capable Democrat” who is NOT a Marxist? Please, name one…

We have a ship?

LukeHandCool | August 8, 2011 at 5:15 pm

I love puts when a putz is running the country. Just love ’em.

Cowboy Curtis | August 8, 2011 at 5:18 pm

Aye, there be captain, and his had is firm and true on the till’. Ahab be chasing his mighty white whale, and the heathen Geithner yon stands ready with his pagan harpoon. They will find this awful beast of the deep, and ye’ll see: Marxist Dick will be our end.

Question for the future: Will BHO’s 50th birthday go down in history as the week the wheels came off the Obama presidency?

Cowboy Curtis | August 8, 2011 at 5:28 pm

Aye, there be captain, and his hand is firm and true on the till’. Ahab be chasing his mighty white whale, and the heathen Geithner yon stands ready with his pagan harpoon. They will find this awful beast of the deep, and ye’ll see: Marxist Dick will be our end.

That misspelled word was going to drive me nuts.

“And there you have it: following last Thursday’s massive 500 point drop which so many said was a buying opportunity, here comes a -633.78 plunge in the DJIA, which is the 6th largest absolute point drop in Dow Jones Industrial Average history, following 4 larger drops in 2008 following the Lehman bankruptcy, and one back in 2002. We just made history. If the DJIA can drop more than 800 points tomorrow, which it probably will if Bernanke does not announce QE3 in some form, 2011 will be #1!” Zerohedge

[…] -William Jacobson has a pithy assessment here. […]

Aye, aye, Captain. Hard about, full reverse!

Midwest Rhino (not RINO) | August 8, 2011 at 6:43 pm

If the captain is Obama, he is doing all he can to pull a “Chavez” on us, it would seem. He captained our ship to back Zelaya against Honduran constitution, in alignment with Chavez and Castro. He appointed communist Van Jones, who praised Chavez.

And we still have a rudder … the constitution? … Joe six pack? … or even our sold out congress, depending on your point of comparison.

This seems more about mutiny from those that are supposed to serve “we the people” They have control of the ship and have resorted to piracy.

    You have arrived at Frederic Bastiat’s The Law.

      Midwest Rhino (not RINO) in reply to Juba Doobai!. | August 8, 2011 at 11:26 pm

      Thanks for noting that Juba … I had to look it up … guess you mean this (from Wikipedia)

      In The Law, Bastiat explains that if the privileged classes use the government for “legalized plunder” this will encourage the lower classes to revolt or use socialist “legalized plunder” and that the correct response to both the socialists and the corporatists is to cease all “legalized plunder”.

      In our case Obama seems to conspire with both groups of plunderers … ACORN and Goldman Sachs/Morgan Stanley. “Free America” (the small government/lower taxes 70% of America Tea partiers, by my definition) is getting squeezed … but our response is not socialism. We instead demand … ummmm … well, 2010 election revolt was a start.

      But our pirate captain seems to move beyond legalized plunder and just ignores laws, or circumvents congress. And to defraud/plunder by deception is not legal, but I guess the point is the same.

        Read The Law itself. Bastiatbtalks about the corruption of government which misuses theclaw to steal rather than use it to safeguard life and liberty. Wiki is someone’s opinion on Bastiat NGO to Bastiat and be blown away.

Rudder and ship are fine. Captain and crew stink.

    Owego in reply to Owego. | August 9, 2011 at 7:11 am

    My apologies for the show of emotion. Please allow me to restate: The rudder and ship are fine. What’s needed is a courageous, skilled captain and a crew of blue-water officers and mariners, what we’ve got is Winkin’, Blinkin’, and Nod and a crew of bath tub sailors.

Definitely agree, we’ve a great ship, but unfortunately the machine is only as good as its operator.

Some people did all right.

Who ‘made $10bn on 10/1 bet that U.S. credit rating would be downgraded’?

http://www.dailymail.co.uk/news/article-2023809/Did-George-Soros-win-10-1-return-S-Ps-US-credit-rating-downgrade.html#ixzz1UU0enHSM

Obama is a lost ball in high grass.

Look, we can fix this. We just need to arrange the deck chairs into a loose semicircle.

I like it but I think we are many ships with one captain trying to steer all of us into an iceberg.

Come about, 360 degrees to port! Flank speed!

    DINORightMarie in reply to WarEagle82. | August 8, 2011 at 9:20 pm

    That reminds me of the Rush Limbaugh parody called “The McCain Mutiny” where McCain is the crazy captain, saying, “Hard to port (left), 360 degrees!” Very funny!!

    Time to retire the RINOs (and get some solid, vetted candidates line up NOW!); let’s get some Conservative fighters in DC to clean up after this spending tsunami.

      WarEagle82 in reply to DINORightMarie. | August 8, 2011 at 9:31 pm

      We need to elect another 370 or so members to the House and 60 or so in the Senate. The we can do what needs to be done.

      We have just started and it is not clear we have time to take back America.

DINORightMarie | August 8, 2011 at 9:17 pm

Yeah, Obama is the captain. Like Jimmy Carter was a captain in the Navy. The legacy continues.

But remember, after Carter came Reagan. Keep repeating that to yourself, to keep up your spirits as we head into the storm.

As Sarah Palin so eloquently said on her Facebook post (quoting a speech she gave a few months ago), “Well, I’m sure the New York Times writers will remember the famous line: ‘You don’t need a weatherman to know which way the wind blows.’ And right now the American economy is in the howling, hot headwinds of a gathering storm.”

We aren’t through it yet, but there is hope – hang on!!

One is not exactly “captainless” when, in actuality, the captain is in the compartments below the waterline, opening up the seacocks as fast as he can.

Taxpayer1234 | August 8, 2011 at 9:38 pm

Obama is captaining a Great Lakes carrier in the middle of a November gale. We are so hosed.

I am still don’t see “the answer” to our current problems in any potential presidential candidate.

Obama may yet win a second term by default as the GOP is likely to nominate yet another candidate who’s designated role is to lose another election. That is one tradition the GOP elitists seem determined to maintain…

This is so sad.

Captain Jack Sparrow-

compass only point to what he wants the most-

Congress- the two British Century’s that debate in circles, oblivious to what unfolds around them-

Sorry, just saw the movie; quite entertaining

This, however, is not.

I agree with those who say our ship and rudder are “fine”. The problem is the skipper has placed us all at sea in lifeboats and we need to row faster to get back on board

yes, and it reminds me of a song…

http://www.youtube.com/watch?v=AawQvD8L_h4

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