Thud the First: Heard on Fox News yesterday morning at about 10:34 PST: "Survival is the new Prosperity"...referring to the state of small business in the good-ole US of A. Word!
Thud the Second: The New Yawk Stock Exchange soared yestiddy, presumably because of the dreaded "Cliff" being in the rear-view mirror, but, guess what? So did the Gold price (fell back some today, though). Verrrrry interesting. Institutions are still buying gold despite all the supposed bully news from DeeCee? Something does not compute, and my guess is that the Street is very wary of the "fiscal solutions" involved. Also, TCWIC (Tax Cheat What's In Charge) Timmy Geithner now says we've reached the statutory borrowing limit, but, hey, that's okay because he can cook the books for at least two months to keep the downgrade wolf at bay. Of course, if any of us ran the books of any corporation the way he runs the books of the Federal Government, we'd all be in jail...
Thud the Third: The Grand Old Party continues it's collapse into political futility. The best available economic minds (Simpson-Bowles Commission) recommended a Fiscal Cliff solution with a ratio of Revenue enhancement (tax increases) to Spending increase of 1:2.6. The GOP just signed off on a plan with a ratio of 1:41 I forgot how to do mathematical proportion calculations or I would tell you what factor of excess past Simson-Bowles that number is, but it seems to be at least an 800% departure. The GOPes approved of that? Now we all go over a different cliff, and it is such a tall cliff, we will have a LOT of time to consider the error of our ways before we impact the base of that cliff at terminal velocity. The GOPes seem split, but in the entire House, there are only 25 or so true fiscal conservatives, so it's not likely that anything will change with the Speakership of John Boehner (just in: Boehner retained his seat). The TEA party types seem inclined to try to replace all the GOP fiscal wimps with conservative who have spines, but can the TEA party folks get it together again in 2014 like they did in 2010? I'm not putting any money on that outcome.
Thud the Fourth: Last night, Leno tried a zinger on prospective Secretary of State John Effing Kerry. Leno noted that Kerry's face is shaped more like a horse than a human, so he sould be called "Secretariat Kerry". Few laughed, and it immediately occurred to me that Leno missed an opportunity because he was looking at the wrong end of the horse...
Thud the Fifth: As I indicated here, Mad Mayor Bloomberg of New Jack City seems to be trying to seize control of the entire gun-control movement. He made another move in that direction by sitting down with various Civil Rights Deniers and Former Congresswoman Gabby Giffords. My guess is that he is actively recruiting her to be the new poster-girl for gun control. She would, of course, replace Sarah Brady in that role (no links to enemies!).
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