Morning Thoughts

I strongly disagree with the President's decision to cap executive pay at $500K for (some) bailout recipients. I certainly think he has the right - you want our money, we make the rules - but I think something like $5 million would have been fine. Like it or not, some of these "executives" are not actually spawn of Satan and some of them are very talented. Why would they work for $500K if they could get $10M elsewhere? Especially if they, say, have taken out a mortgage based on future expectations of salary. And I'll just say it - if you're a powerful, wealthy person living in New York City, $500K is not a lot of money.

So, it's clearly written from the perspective of a whiner, but this article about Obama capping total compensation at $500K when his total compensation is quite a bit higher was actually worth reading.

Glenn Beck is willing to go all-in on Obama being a Communist. The last 15 seconds are classic.

Tim Geithner did know he owed the other half of the Social Security and Medicare taxes (if you don't know, US employers pay half of these taxes and you pay the other half. Americans working for int'l organizations are still on the hook for the whole thing even though their employer won't pay it. Geither claims that missing this was the mistake in question). How do we know he knew? He applied - and received - reimbursement for the taxes from the IMF. He later acknowledged a failure to pay the taxes, but didn't actually pay them until his nomination was dicussed. It's all right here in this brochure. (For the record, I don't put a lot into the "rough estimate of $600B" that the article mentions.)

PS - As I was labeling this post, it just made me realize - I want to make it clear that I know I've switched from using "bailout" to using "stimulus", even though the media's switch was arbitrary/socialist.

PPS - I know I've been a little overboard about this recently, but I stand by my "incorrect" ordering of quotation marks and commas above. I used to refer to the "Government Bailout" but I've never referred to the "Stimulus, Package" so I see no reason to put the comma inside the quotation mark.

PPPS - In the first paragraph I said $500K isn't a lot of money for wealthy, powerful New Yorkers. But it's really not a whole lot of money for anyone. Think of it this way, New Yorkers - the proportion of my income that goes to rent is 5.5% before taxes and 7.4% after taxes. Divide your rent by those numbers to see what your income would be if your rent was the same as it is now but it only took the same amount of your income as mine does. My figures do not include utilities.

God help us

We're in deeper shit than I thought.

Getting dressed this morning, I saw a financial expert on FOX News(!) who was saying that:
1. Obama's stimulus needed to be at least $900 billion.
2. The $700 billion TARP needed to be expanded to at least $1 trillion.
3. The government needs to nationalize the banks much more quickly than they are.

Oh dear god, help us now.

Supreme Court Ruling Causes Violent Double Take

I nearly hit a car yesterday while driving home. OK, that's not quite true, but I certainly lost my full mental capacities for a moment while listening to NPR report on a recent Supreme Court ruling.

Let's say you are John Smith of Washington County. The cops pull you over for speeding, run your license, and see that you have an arrest warrant out in Washington County. Let's further speculate that the arrest warrant isn't for you, it's for a different John Smith, but was attributed to you by clerical error.

Now we'll have some real fun. Let's say there's something illegal in your car, which of course the cops found during the arrest/search process. Of course, eventually it will be discovered that the warrant was in error and your arrest will be cleared ...

However, due to yesterday's Supreme Court ruling, the evidence that the state had no right to search for or seize from you in the first place is now totally admissable for use in a subsequent prosecution.

I mean, that's just such a blatant abuse of governmental power. It's unfortunate that throwing that evidence out would let guilty people walk, but it's certainly not worth the encroachment on the rights of citizens. I could go on but I'll just stop.

BONUS: While searching for this article I found an article about frequent-atheist-lawsuit-bringer Michael Newdow trying to get religious references pulled from next week's inaugural address. He'll surely fail so why does he keep trying? According to these two articles the answer is simple: atheists have so much narcissim and hubris, there's no other way to release it.

News and Notes

I'm sure you've thought to yourself before how annoying (and similar) the "extreme" graphics employed by CNN, MSNBC, and Fox News are.  Well, if you've ever thought the same thing about their sound effects, you're not alone.

In other news, the Arena Football League is cancelling its 2009 season.  It was, however, quick to point out that it is cancelling only the 2009 season.  Here's my favorite quotation: "This is the farthest thing from the league folding.  This is, in my opinion, just showing us the league will not fold."

Finally, despite my knowledge that it is grammatically imperative to use the word "quotation" where I did above, I felt like losing part of my soul for not using the more conversational "quote."

Liberal media hypocrisy

So I don't know if you guys watch The Daily Show and Colbert Report as religiously as I do, but if you didn't see it you should check out last night's episode on comedycentral.com.

Firstly, there was a great, funny but half-serious Stewart/John Oliver bit about the Mumbai attacks. Just worth watching.

But then, Ariana Huffington was the guest, proving what I knew from previous interviews with her but always manage to forget: Bitch is crazy. Just crazy accent (not her doing, obviously, just adds to the effect), crazy mannerisms, crazy awkward quasi-flirting with Jon. The whole segment is essentially her call for everyone to "blog your secret passions" and, rather than mulling over and refining your random thoughts before putting them out in the world, immediately posting them on the internet. And using it to form intimate relationships without that pesky face-to-face contact. Not what I want to read, but I guess I have no real problem with people doing that, but if that's what the head of The Huffington Post considers the standard, my respect for it has lowered considerably.

But that's just her wackiness. The part I'm really pissed off at this: The night or two previous, Jon had done a great segment comparing MSNBC to Fox News (kind of obvious, but still funny and worth checking out). Chris Matthews is Bill O'Reilly, Joe Scarborough is Combs, etc., including Keith Olbermann as Sean Hannity ("partisan ideologue who fears for the world if it's in any way touched by the hands of his political enemies"). So Ariana was clearly offended by it and says something to the effect of "liberal bloggers are blogging very angrily about that." Jon seems genuinely surprised ("don't people have better things to do?"), as was I: I mean, it was a comedy bit, right? So I went to HuffPo to check it out, and indeed, people are mighty pissed that Jon defiled their god, Olbermann, but putting him the same sentence with the devil, Hannity.

I hate Hannity as much as anyone - more for being an ignorant asshole than a conservative - and I tend to agree with Olbermann's positions more often, but Jon's assessment was correct: they're both over-the-top partisan ideologues. And this is the part that pisses me off: All over liberal blogs, especially HuffPo, and even in real-life conversation, I hear people blasting Bill O'Reilly, Fox, & Co. for their spin tactics, selective information, and misleading, out-of-context quotations, and lauding Olbermann as a hero. He's exactly the same, just on the other side. It frustrates me to no end that these people hide behind the argument of journalistic integrity, when that's clearly not what's important to them - it just sounds better than "he's a jerk whom I disagree with."

Ok, sorry, this has turned into a rant. But I find lack of logic among the people I agree with much more frightening than any amount of power, misinformation, or pure evil in the hands of those I don't.

Check out this balance, Liberals!

It is a wonderful day for those of us who support the liberal media conspiracy and its subversive, communist goals. One of the most outspoken, principled, and "hard-hitting liberal[s]" of our time will now have his own show. We should all send wonderful letters to Fox News describing our jubilation.