Tag: Doom ’09

Group Project: So If Doom ’09 Is Really Over…

… Did the stimulus work? Here’s what you need to think… because that’s my job. Telling you what to think:

  • Why not say so? Why can’t we take a little pride in the fact that a little government intervention did the trick? Tax dollars in action.
  • What was the alternative? Did you really fall in with those dopes on the far right who wanted stimlus to fail? What would that do? Hurt your neighbour, your town, yourself? How far does the smug satisfaction of ideological purity get us all?
  • I want to look forward to the next new bubble economy. I want green cars and windmills not so much for what they do as what they provide – an active economy. If it were up to me, gas lawn mowers would be outlawed and everyone (else) would go buy a push mower. Open the push mower factory doors wide!
  • Do you really want a Federal election based on doubt and fear? Frankly, I am happy as all get out without a bunch of newbies getting into office for the next year or so. Sure lets have a fall 2010 election but that’s only two years for the Tories in office in Ottawa. They’ve even finally got the hang of playing a bit nice with Ontario. Look – they may be goofy and tick off Jay but they also seem harmless, right??
  • Best of all, we get to call out the naysayers and tell them that the economy works, that we are not facing the collapse of market based mixed socialist capitalism and that they are ‘fraidy cats. Nothing worse that economic friady cats.

We need post-recession street parties. Jingles about whipping the nation back into shape. Just like we live in a post-post 9/11 world, we also may be living in a post recession one, too, now. Bring back the happy songs. Bring back cake on Tuesdays at lunch.

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Friday For The First Stinking Hot Weekend

It’s the meteorological chitchat that keeps you coming back. I know it. We spend so much time looking forward to a bright hot day that you would think we would record them in binders like family albums, categorized by how nice the breezes were or how long the evening seemed to last. Tomorrow bodes very well. Perhaps 80F in April on a sunny Saturday. 70F this Friday evening. This very day. It’s the anti-blizzard weekend. The one you wanted on a Tuesday in late January.

  • I sure love it when people who accuse others of having no moral compass then have to admit that the guy was pretty much right. Oh, what a giggle we will have in the next era when we look back on these times.
  • I would have thought the whole “eating a replica of our bodies” might have been a bigger issue than the name.
  • SPACE BLOB!!!
  • I thought this was pretty funny. When to worry about the IT geeks planning to control your lives? When they say “…people are passionate about your product…” or “IZ: You mean enhance civilization, make it even better?” you know someone is quite enraptured by an impending cash-in.
  • In the same vein, when someone says “Can we just retire this stupid line of questioning once and for all?” after referring to “the straw man” you may need to realize they are facing an argument they don’t want to admit is lost due to the weight it places on the possibility of being enraptured by an impending cash-in.
  • Sometimes the things that got cashed-in die and, quite surprisingly, take 675 employees. Can you believe GeoCIties was bought for 2.9 billion ten years ago?
  • Not necessarily my deepest love with a french fry van – I reserve that for Colburne’s of Pembroke, Ontario – but certainly my first. Sitting on the wall at the Halifax central library having a Bud the Spud was a big part of my youth.
  • Why are we not hearing news item after news item about how Ford saw this coming, may well never ask for a penny of public money, is about to crush its competition through sheer prudence and actually makes cars people buy?

And you may ask yourself how do I work this BBQ? You may ask yourself where is my suntan lotion? And you may ask yourself where does that garden path go? Is this my beautiful yard?

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Of Course – It Was The War On Red Tape!

Do we hate “red tape” as much as before? Is there still a general feeling that too much intervention is always wrong? Not a chance. This morning I think even Stephen Harper with his recent anti-libertarian and anti- classic liberal statements would be nodding in agreement with this passage from today’s New York Times editorial page:

The financial crisis, including what went wrong at A.I.G., is not just the result of a missing regulator, a gaping structural gap in the regulatory framework. Rather, it is rooted in the refusal of regulators, lawmakers and executive-branch officials to heed warnings about risks in the system and to use their powers to head them off. It is the result of antiregulatory bias and deregulatory zeal — ascendant over the last three decades, but especially prevalent in the last 10 years — that eclipsed not only rules and regulations, but the very will to regulate.

Now, to be fair, our rural overlords in their heart of hearts want to regulate things in our private lives that mostly don’t need regulating but the point is still valid. What is the most important word up there? Deregulatory? Bias? No, it’s “zeal” – that thing that can overcome good sense wherever you go. Why would you want a zealot to structure your law – whether financial regulations or social engineering – when you would not want to sit next to that person at a dinner party? Is it not the zealot’s lack of balance that gives us terrorism, obscenely sub-prime mortgages, mockery of the deaths of the weak, bifurcation of the community and the undermining of the long standing social principles and institutions which have served us so well? And blogging. Don’t forget in inanity of blogging. Could it be plainer? Is there anything behind social instability other than zeal? So, in this time of transition and reformation, ought we not drum out zealotry wherever it may be found? Is this not the cause of the next five year?

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Friday Bullets For The Golden Age Of Orange

It was 1:22 am when the game ended. I only made it to about four overtimes listening on UConn’s radio AM 1080 out of Hartford but Syracuse won. So that was good. I thought I was staying up late to watch Cramer on John Stewart but that was a fold. I kept waiting for Cramer to say “but you don’t exactly treat your subject matter with full seriousness.” Nada. He rolled over and asked to have his tummy rubbed.

  • Dalek For Sale Update: “once. i. built. an. evil. em. pire. made. it. run. made. it. run. against. time…“
  • “Why Doesn’t The PM Understand?” Update: Apparently PM Harper takes the wrong road and blames consumers for the economic collapse…but then refuses to confirm that is what the secret speech was all about. Not the finance industry and certainly not economists. Average people. Nice.
  • I love this photo. It’s like Zep cross the space time continuum and left messages in the Italian sky of 1527.
  • Speaking of Cramer and who is to blame, I think these people are to blame. Blame the eggheads.
  • For all the gloating about new media, note how many papers are in trouble because of debt. And often debt that was incurred by non-news-people taking on newspapers. Blame convergence as much as anything.
  • Nice to see Joe grew up. But is this the biggest loser of a guy taking a “personal day” ever?
  • All of Charlie Brown is now online. Rejoice.

Gotta run. Up way too late.

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“This Column Is By A Finance Crime Convict”

Why doesn’t the National Post point that out as part of the byline on Conrad Black’s musings? I mean at the end of my fellow blogger Stephen Taylor‘s NP posts on the same “Full Comment” feature it states in sort of a footnote:

Stephen Taylor is a scientist, political analyst and a Fellow at the Manning Centre for Building Democracy, an institute founded by Preston Manning. Read more at his blog, stephentaylor.ca.

If that is the right thing to do – and it is – should Conny’s at least state that he is n the hoosegow for corporate finance crimes the sort of which were indicative of and generously larded the years leading to the current worldwide economic collapse? Seems only reasonable to me.

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Friday Bullets For…For…Hell, I Don’t Know

Jay came up with a great idea in the comments last night: creditor’s prison. What a clever bunch of civilized Whigs we are. Or are we civic republicans? A veritable moral meritocracy. Gone are the days of comments with “people like you” finger pointery. No, now we are getting to the 18th century heart of things. People can do evil with an idea. The community can be corrupted by improper deal making. Me? I don’t understand to whom all the money is owed and, if it is a great big Ponzi scheme, why such debts are being honoured and not rewritten as unconscionable? If confidence is to be restored surely it will be due to the restoration of proper valuation though the application of equitable principles.

Fine. That is it. By next week we will be mere days from March and March is when baseball starts. It is almost over! Have I mentioned I hate winter? Winter is for people who say “I like to make the most of winter” and, honestly, we know what people think about people who say that.

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The Downside Of That Job Abroad

I hadn’t heard things were not going so well in Dubai. We have extended family in the Gulf – as apparently everyone one does – but hadn’t heard a peep about charms like debtors prison:

Now, like many of the foreign workers who make up 90 percent of the population here, she has been laid off and faces the prospect of being forced to leave this Persian Gulf city — or worse. “I’m really scared of what could happen, because I bought property here,” said Sofia, who asked that her last name be withheld because she is still hunting for a new job. “If I can’t pay it off, I was told I could end up in debtors’ prison.” With Dubai’s economy in free fall, newspapers have reported that more than 3,000 cars sit abandoned in the parking lot at the Dubai Airport, left by fleeing, debt-ridden foreigners (who could in fact be imprisoned if they failed to pay their bills). Some are said to have maxed-out credit cards inside and notes of apology taped to the windshield.

Wowie-kazowie! But we still have certain types of jailings for debts, though they are rarely used. Deadbeat parents who don’t pay support might be hoozegowed. It was more common a few decades ago, though. PEI had another approach historically that was still in effect when I took the bar exam there: if someone thought you might skip off, they could seize your stuff based only on making a claim in court. Pre-trial garnishment. Court released the goods after the trial. You no show, it’s gone. Neat and handy.

But who knew? I thought it was all golfing off skyscrapers and making islands shaped like trees in the Emirates. And who knew 90% of the population were auslanders? But no wonder I didn’t know: “…a new draft media law would make it a crime to damage the country’s reputation or economy…” Remind me to stay home.

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