Mark McHugh

Archive for January, 2010|Monthly archive page

What the Bernanke Confirmation really means

In Open Thread on Saturday, January 30, 2010 at 6:38 pm

By now, everyone knows that the US Senate confirmed Ben Bernanke for a second four-year term by a cloture vote of 77-23 (the “actual” vote was a sham, I’ll talk about later).  The vote really wasn’t so much about Bernanke as it was a very basic intelligence test of our elected officials.  They failed miserably.  Anyone who supported Bernanke may as well have gotten “I have no idea what the fuck just happened” tattooed across their forehead.  Hey, it’s your forehead, babe.

More importantly though, you’ve proved beyond any doubt, that you’re unfit to lead.  Healthcare reform? Hahaha.  No thanks,  not from you numbskulls.  Financial reform??? Get bent, seriously.  Please confine your activities to spitball fights until replacements can be found.

Exactly how Dumb are We? (illustrated)

In Open Thread on Saturday, January 30, 2010 at 1:53 am

From time to time, words fail me.

First, we fell for this:

  

Then this:

  

What’s next?

Throwing the Bullshit flag on Obama

In Open Thread on Friday, January 29, 2010 at 8:35 am

….. here’s one thing I know and I just want to make sure that this is off the table. The Senate certainly shouldn’t try to jam anything through until Scott Brown is seated. People in Massachusetts spoke. He’s got to be part of that process.

~President Barack Obama 1/20/2010

Meanwhile……..

On January 28, 2010 (eight days later), without Scott Brown seated, the Senate voted not only on the confirmation of a second term for Fed Chief Ben Bernanke, but on Raising the Debt Ceiling by $1.9 Trillion.  While Brown’s vote would not have mattered on Bernanke, it most certainly would have on the debt ceiling.

But as anyone who watched the State of the Union address can attest, the more our President talks, the more he sounds like a ten-year old, who is also a pathological liar.  And when talking to sixth graders, he still needs his telepromters.  Not really surprising, when you consider he’s trying to talk up a grade or two.

For those of you wondering, I actually voted for this charismatic mental midget.

Bernanke’s confirmation “in the bag”? and Since when does this Administration Tell the Truth?

In Open Thread on Monday, January 25, 2010 at 10:19 am

Move along, you damn populists.  Nothing to see here.  Everybody loves Bernanke except a couple of cranks.  Go home.  Nice try.  Better luck next time.

Really?

more……………… Read the rest of this entry »

Bernanke Vote: The Good, the Bad and the Dickless (list – 38 are AWOL!!!!!)

In Open Thread on Sunday, January 24, 2010 at 2:31 am

Big Thanks to Sonic Ninja Kitty for providing updated, more organized info:  John Coryn (R- TX) is no longer AWOL; He has come out against Bernanke!  Please check out Sonic’s blog   for a fresh look at everything from Central Banking to Pilates.

The Real Time Economics  blog at the Wall Street Journal, headed by Phil Izzo and Sudeep Reddy has produced the most complete tally of the state of the Ben Bernanke Senate confirmation vote I have seen.  So I’m stealing it.  The complete article can be found here.

The most shocking aspect of the upcoming Bernanke Confirmation vote is that 38 37 US Senators have thusfar refused to divulge their intentions; 20 Senators have declared themselves undecided.

more……… Read the rest of this entry »

Will the Senate try to “Jam” Bernanke through on Friday?

In Open Thread on Thursday, January 21, 2010 at 3:00 am

….. here’s one thing I know and I just want to make sure that this is off the table. The Senate certainly shouldn’t try to jam anything through until Scott Brown is seated. People in Massachusetts spoke. He’s got to be part of that process.

~President Barack Obama 1/20/2010

Yet, in other news…..

US Senate may vote on Bernanke as early as Friday (also reported 01/20/2010)

Maybe you’re wondering how long it takes to seat a US Senator.   According to Juliet Lapidos of Slate.com, it is at least ten days (Friday is two days away).   Maybe you’re thinking the vote will be delayed (Bernanke’s term officially expires January 31).  Maybe you’re thinking that since Bernanke is a person, not a thing, it’s okay to try to jam him through.   To me, it’s another chance to watch politicians spit in our faces while simultaneously shooting themselves in the foot (good comedy, as long as I don’t think about the Debt Clock).  But hey, whatever you clowns wanna do is fine by me.

 As of this writing, a coherent argument as to why the Federal Reserve Chairman deserves a second term remains as elusive as those televised debates on healthcare reform we were promised.   There isn’t one.  Bernanke failed to follow an unbelievably simple set of instructions (aka his job description) and that, more than any other single factor, is what caused the financial crisis.  The praise he is receiving comes only from the capitalist failures whose obscene lifestyles he has preserved, along with the politicians and propaganda  they buy.

Fun facts: GE chairman Jeff  Immelt is a Class B director of the New York Federal Reserve.  Class B directors are appointed to represent the public (that always makes me throw up in my mouth a little).  GE owns NBC (see where this is goin’…).

It comes as no surprise to me that the mainstream media considers the Bernanke confirmation a lock (go ask Martha Coakley what a MSM lock is worth), but I truly believe our politicians are realizing that the buzzing sounds they’re hearing in the background are axes being sharpened. 

Cops & Robbers (and Professors)

It is actually very easy to understand why Bernanke has been such an abject failure.   The Chairman of the Federal Reserve is supposed to be a cop (see the job description), not a friggin’ “maestro”, and certainly not a school teacher.  When you charge an egg-headed professor with the task of keeping order in a lawless neighborhood, all hell’s gonna break loose – guaranteed.  Here’s the parable:

Some nit-wit in Gotham gets the bright to hire a law professor as a beat cop in a neighborhood renowned for gambling, prostitution, and God knows what else.  The criminals are gonna love him  and his complete lack of  “street smarts”.  Things are gonna get crazier and crazier, until sooner or later, the town’s going to wind up in flames, at which time, Professor Douche-bag calls the Fire Department.  When the town almost burns to the ground, people start asking questions.  Of course, the crooks are gonna hail this guy as a Messiah!  And Professor Douche-bag isn’t going to start cracking skulls; he’s going to start writing ridiculous laws rather than admit he’s an incompetent boob and spend all the City’s money trying to conceal the mayhem he’s responsible for.

And as retarded as that story is, that’s exactly what is happening to America’s financial system.  The damage is already horrific, but it is compounding every day we ignore it.   And it will only stop when we tell Ben Bernanke to pick up his economic theories and get the fuck out.  We need a real cop in charge at the Fed.

If you’re feeling charitable, you may want to remind your Senator who he works for, but I must admit, it’s more fun when they find out on election day.