Friday, July 11, 2008


I just--I can't--it's not just that he's stupid. He's socially inept and the man has NO FUCKING MANNERS. Maybe that's why we don't even try diplomacy anymore.

Maybe he's actually an actor from SNL or Second City and this whole thing has been satire. Maybe? Please?

Also, the fact that I just wrote "it's not just that he's stupid" is really really mindbogglingly symptomatic of how pathetic this situation is.

[If you don't feel like clicking through, we just had a G8 summit in Japan. Emissions control was discussed. The US was generous enough to say that it would "consider" halving emissions by the twelfth of never. And at the final meeting, as Bush was signing off, what does he say? "Goodbye from the world's biggest polluter!" I DON'T EVEN KNOW ANYMORE.]

In other news, Fannie Mae and Freddie Mac, the two biggest mortgage lending companies in the nation, are looking pretty precarious financially. I won't go into all the details, but if either one failed, let alone both, the national housing market would come to a near-standstill, losses would be declared pretty much all over the world (the two banks were always secure enough that pretty much the whole world has stakes in them--big ones), and the credit crisis (which makes it hard to get student loans, housing loans, or any other kind of credit) would get another bump. Even a bit more instability would raise interest rates on pretty much all mortgages (because even mortgages not actually tied to the two banks are tied to banks that loan to them or that get loans from them, and the interest rates go back to the interest banks charge each other).

The government is considering putting them in conservation, which basically means that if they can't guarantee all the debt they launder, taxpayers have to. That sounds really fucking shitty (helloooo, deficit), but the alternative is worse: no bailout, or the government bailing the situation out further down the line for even more money (a few trillion dollars that taxpayers would still be responsible for). And just to be clear, no bailout = economic and housing disaster of epic proportions.

On a COMPLETELY UNRELATED note (cough cough), John McCain plans to continue the Bush tax cuts, add more tax cuts, expand the Pentagon's budget, keep both wars going (Iraq and Afghanistan) and, judging by his propensity to joke about dead Iranians, probably start fucking with Iran--but don't worry! He'll balance the budget by 2013! He'll have to do it by balancing a checkbook, though, because he doesn't know how to use a computer. (No, really. He said so.) Maybe a whiteboard? Or an abacus! That would look really presidential in the Oval Office, don't you think?

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