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Friday, March 20, 2009

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Black people don't really do too much bowling do they? He should have said something like that, "we black folk, we don't know what to do with a bowling ball coz it doesn't bounce and we can't throw it." Now that would have been funny. I mean, if he wants to make fun of himself that's the way I think he should go. Bring some crude racial stereotype into the mix. As his AG said, we don't talk enough about race in this country. It could have been a teachable moment. Everyone would have laughed and then he could have said, you think that's funny? You think I'm funny? What's so funny about that? Am I a funny guy to you? Like Joe Pesci in Goodfellas and everyone would have stopped laughing and gotten uncomfortable because they would realize that they were laughing at Black people who have been historically disadvantaged by not having bowling alleys where they grew up or enough money to go learn how to bowl and it's not really cool to laugh at Black people as if they were too stupid to know what to do with a bowling ball and then Obama could have said, Hey, I'm just messin' with ya...and everyone would know that he knew what had just happened but he's such a cool guy and didn't want people to feel bad about themselves so he was letting everyone off the hook.

That's the way I would have gone with it.

I agree with you. The left and its publicists in the press may yet deflect growing anger over the recession and later inflation onto Republicans.

Obama should be called out on the comment. It was crass, and definitely not something you would expect the President of the United States of America to say…then again, you would not expect the President to be on a talk show either. You would expect the President to be hard at work solving the current economic problem along with his expert advisors. On the other hand, maybe he should take up bowling instead.

There are only two conclusions that can be drawn from Obama's behavior: he's an idiot or he's intentionally doing demeaning the office of the President and the image of the United States of America.

The teleprompter makes me hopeful he's just an idiot, but events on the world stage make me more and more curious if he's not intentionally trying to help our enemies bring us down a few notches.

Because even an idiot can surround himself with smart people, or so I was told by the left when Bush was president. Presumably these smart people would inform Obama that going on Leno and making fun of disabled people is beneath the dignity of the leader of the free world.

So which is it, Obama? Are ya dumb or trying screw us over?

I think you're sort of right in general, but specifically wrong about who is getting the bonuses. It is by and large those who made this mess. I agree the bonuses themselves are a "bloody shirt" we shouldn't be focused on, but the larger point is who is driving the processes and based on what (disputable) assumptions. Simon Johnson has a good piece well worth reading here:
http://www.nytimes.com/2009/03/20/opinion/20johnson.html

beachrat, it wasn't the AIG execs who created the crisis, it was largely the government, with some help from greedy land speculators. AIG simply sold insurance based on the value of the mortgages. If the government had not forced banks to make bad loans, no crisis. If the government had not demanded mark-to-market accounting, no crisis. If the government had not backed sub-prime loans to the tune of $1 trillion, no crisis. If the Fed had not blown air into the mortgage bubble by artificially dropping the prime rate, no crisis. And most on point, if the government hadn't thrown $173 billion at AIG to prevent the company from a well-deserved bankruptcy, there would certainly have been no bonuses.

The bonus flap is a deliberately manufactured outrage. I suspect that Treasury quietly insisted on the bonus provision in the bailout law specifically so they could manufacture outrage down the road. Whether that's true or not, the outrage itself is opportunistic -- and at its core, it's Marxism On Parade.

For a second there I thought you were going to castigate all the rightbloggers ganging up on Obama for the bowling gaffe. Then I realized you were actually criticizing those rightbloggers who don't want to make a big deal about it.

This is why the right wing is dying.

We're dying laughing, John. The joke's really on you.

Plumb Bob, AIG "simply" sold uncollateralized insurance, i.e. they made huge bets using IOUs. Actually they weren't even at the table, but were making astronomical side bets they would never ever be able to pay off. So I guess it depends what you think the meaning of "caused" is.

The larger point is that the bonuses, like the 100x greater counterparty payments, are indeed going to the people who made those bets, which yes exploited the system's opportunities, but no are not fixing anything. The assumption is that this is so complicated that we have no choice but to reward people (more) who were already betting on other people's assets with other people's money. That's not only wrong in this case and historically, it also fails to address the larger problem of realigning incentives both politically and in the markets.

Contracts can be re-negotiated, Dan. I haven't heard you say that people who advocate re-negotiating union contracts are 'not big fans of capitalism'.

future contracts can be renegotiated.
contracts thay have been completed cannot.
imagine administering a 5% tax on all 2007 returns.

"It is a distraction that takes away from focus on the AIG bonus mess that is far, far more to our advantage."

aig is actually a distraction for printing up a trillion dollars.
every country that hold US treasuries, believing they have a valuable "limited" resource, is now in the position of realizing that their resource is only as valuable as the amount of money in circulation.

Seems to me that the fact that he would make a joke like that shows a lack of sensitivity. Otherwise he would not have apologized for making that insensitive reference to the Special Olympics. I would say these kinds of foot in mouth disease will increase as he goes along. I do think it is important. Words do matter. I would say that was really tactless of Obama. And I know tactless. It takes one to know one.
But he is black so he will get a pass. And that pass by the MSM will continue no matter what he does for the next four(or 8) years.
The citizens are up in arms with their pitchforks to get AIG and Congress but you dont hear a peep of criticism of the Messiah. And if you do he will say he "takes full responsibility" and the MSM will say oh OK give him a pass on whatever it is.

Obama is a punk. From punks you get punk behaviour. Like many punks, he's not very smart and relies on punk behaviour to get what he wants. We're stuck with him for at least the next 48 months - plan your lives for really bad government for a long time.

"plan your lives for really bad government for a long time."

George W. Who?

George W. Who?

He's gone. Retired. Your side won. Get used to it.

Two other points:

As head of his party, and with no other balancing evidence to the contrary, Obama is the Chief of the PC Police. (Also see Imus, Don)

Second, Obama has repeatedly shown a very thin skin when given the opportunity to be insulted by a very marginal racial 'code words' or symbols (e.g. cartoons.)

It's reasonable to give him hell.

I'm 100% with Dan on this. Obama's been in office for 60 days, and I'm tired of him being a supercilious douchebag. I'm not sure whether I'm more disgusted or embarrassed.

From Senator John Cornyn and the NRSC:

"Two Words. Unimaginable greed. Those two words are what we've seen over the past few days as we learn more about the $165 million in bonuses offered to AIG executives. Help me get that money back."

hey , I have one for you, A N... walks in a bar, oh, excuse me, WhiteHouse, that was just a thoughtless joke.

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