Friday, January 23, 2009

It's Nice To Be Proved Right

When one expresses rather blunt opinions about subjects in the public arena, "proof" is quite often elusive. The strength of one's arguments, their structure and rhetorical power can carry the battle - for awhile. So when examples comes to light from the news, it's gratifying when they provide factual proof for one's arguments.

One past example was the discovery that Neptune is warming ... and since no SUVs are on Neptune, clearly Man is not the cause. Something else is causing Neptune to warm, and by simple interpolation, something else is making the Earth warm. This goes to prove with hard fact my statements that Man is not causing the Earth to warm.

Today's WSJ brings proof of another broad statement, viz. that Congressional earmarks are payoffs or bribes.

"US Raids Contractors Aided By Murtha"

" Federal agents raided two small Pennsylvania defense contractors that were given millions of dollars in federal funding by Rep. John Murtha, chairman of the defense appropriations committee and one of the most powerful men in Congress. Kuchera Industries and Kuchera Defense Systems shut down for the day after the raid by officers from the Defense Criminal Investigative Service, the Federal Bureau of Investigation and an Internal Revenue Service criminal unit.

" In a statement Thursday night, the Pittsburgh U.S. attorney confirmed that offices in Windber, Johnstown and Summerhill were raided "as part of an ongoing investigation." A second federal official said that ties to lawmakers would be examined as part of the probe.
A spokesman for Mr. Murtha, Matthew Mazonkey, said, 'We know nothing more than what we've read in the press today,' referring to an initial report on the Web site of the Tribune-Democrat newspaper in Johnstown. Messages left last night for Kuchera executives weren't returned.

" Pentagon auditors have been looking at the use of earmarks, which are special-interest spending items directed to a specific company by members of Congress. An Oct. 30, 2007, page-one story in The Wall Street Journal identified Rep. Murtha as the largest earmarker in the House."

It's nice to be proved right.

Markets

Possible bad day coming - futures are down bigtime and Europe is down, too. I suspect hedge fund liquidations starting in Europe. The signs are similar to days from the fall when we now know that was occurring.

Word of the Day

"Rimose" - adjective [$10]; A Mrs. B word
Rimose means (especially Botanical uses) full of chinks or fissures; covered with cracks.
Sentence: The rimose edifice of Congressional earmarking practice might soon crumble as investigators find evidence of criminal payoffs and bribes of Members. The earmarks themselves are a roadmap for investigators.

28 comments:

mfl59 said...

Spinny's boy Vince Farrell...what a complete mockery....now he's "cautious"...

sir I thought we were supposed to load the boat 3 months ago in the banks? God forbid one of these commentators calls him out...

Bud said...

large glass of water


pffffffffffffffffffffft

Spin-em said...
This comment has been removed by the author.
mfl59 said...

try some warm milk....then "relieve" yourself maually....that should do the trick...

Bud said...

relieve = full release ???

mfl59 said...

but of course...lololol

Frosty said...

berry gonna create billions of jobs...more campaign promises than W and wild bill combined, very big daddy pimp like...Mav's boy has his work cut out indeed.

Bud said...

anyone have an options open interest spreadsheet handy ??? tia



lmaoooooooooooooooooooooooo

Bunkerman said...

jeez, snafu's everywhere.

Spin-em said...

hang in there bunk.....circus party within reach..

mfl59 said...

Bunkerman what is your opinion of Obama's plan with Gitmo?

mern said...

Last Updated: November 7, 2008: 11:51 AM ET

AMERICA'S MONEY CRISIS
Stocks trim losses
Wretched start on Wall Street
The Fed: Life after zero
Treasury lists 39 'bailed' banks - $1.5B
GE shares up ahead of results
Unemployment claims take hold

More Videos
Quick Vote
What should be President-elect Obama's first economic priority?
Creating jobsSolving the Wall St. crisisCutting taxesReducing spending or View results
NEW YORK (CNNMoney.com) -- The government reported more grim news about the economy Friday, saying employers cut 240,000 jobs in October - bringing the year's total job losses to nearly 1.2 million.

Under Bush, the economy produced 3.7 million new jobs from January 2001 through December of last year (2007) based on nonfarm payroll figures collected by the Labor Department's Bureau of Labor Statistics.

so bush created a million jobs in 8 years.

wow barry has a pretty low bar to clear to improve on that.

he shud be able to do that in 4 years. it still wont matter. in 2012 palin gets in there.

call your bookie and place your bets. Palin is a lock in 2012! its simply amazing that this chix isnt going away. it just proves how dumb the average bible thumpin americans r! she is more dumb than a bucket of dead shrimp.

kinda like anytime andy reid faces a gud coach, he loses!

Bunkerman said...

I haven't read teh detail of his "plan" - in general, it's big talk, but what is he going to do with those scum ?

I guess he's going to bring them to US prisons and truy them in Federal Court - what a joke.

But the root cause of the problem is that it's been 8 years since 9/11 - Bush was soooooooooo incompetent, getting bogged down in court.

He should have just forced the trials through quickly under his constitutional authority and finished them off.

But he dithered as he did on Iraq. Creating a mess.

It's going to be a circus for Obama and make US look like idiots - Federal judges & lawyers are going to get a circus like we've never seen before.

Bunkerman said...

Interestingly, I saw a lot of new global bond issues listed in this AMs WSJ - C was lead manager is many.

Bunkerman said...

Alsaw read of demand for new issues of high yeild debt. Pricing it at a discount to par seems to create demand vs. same yield to maturity at par.

This means lots of the companies that have to roll over debt this year will be able to do it.

So doomsday default #s might not happen.

Bunkerman said...

Jus theard something really interesting - the reason Sandy Wield go trid of Jamie Dimon at C years ago:

Dimon wanted to or did fire Weill's daughter whom Weill wanted as hier apparant.

If true, might mean that Weill's nepotism destroyed C.

mern said...

see she wont go away!

Despite the post-election battle between Sarah Palin and John McCain's campaign advisors, the former Republican presidential candidate told CNN’s Larry King both members of the GOP ticket remain “very close.”

McCain — who has been edging his way back into the spotlight Palin never quite left — dismissed questions over his running mate’s criticism of his campaign team. “Listen, I think the world of Governor Palin, her husband Todd, her family, I'm honored that she would run with me,” he said in an interview Thursday.

“And look, whenever there is a losing campaign there is always a little bit of back and forth, and it happens post-mortem. I am so grateful to have her as a friend, and I believe that she represents a lot to the Republican Party in the future. I think she has a big role to play.”


what is the difference between palin and bin laden? bin laden is smarter, thats about it. they both hate women. she uses a bible to rationalize her stupidity, he uses the koran.

maverick said...

but mern........you would do her ...right?

Spin-em said...
This comment has been removed by the author.
Bunkerman said...

ugh, tough times for young lawyers.

mfl59 said...

The Daily Mail (UK) wrote this editorial about Obama on 1/6/2009. (confirmation, Google "London Daily Mail Obama's Victory")


Obama's Victory--A British view

A victory for the hysterical Oprah Winfrey, the mad racist preacher Jeremiah Wright, the US mainstream media who abandoned any sense of objectivity long ago, Europeans who despise America largely because they depend on her, comics who claim to be dangerous and fearless but would not dare attack genuinely powerful special interest groups. A victory for Obama-worshippers everywhere. A victory for the cult of the cult. A man who has done little with his life but has written about his achievements as if he had found the cure for cancer in between winning a marathon and building a nuclear reactor with his teeth. Victory for style over substance, hyperbole over history, rabble-raising over reality.

A victory for Hollywood , the most dysfunctional community in the world. Victory for Streisand, Spielberg, Soros, Moore, and Sarandon. Victory for those who prefer welfare to will and interference to independence. For those who settle for group think and herd mentality rather tha n those who fight for individual initiative and the right to be out of step with meager political fashion.

Victory for a man who is no friend of freedom. He and his people have already stated that media has to be controlled so as to be balanced, without realizing the extraordinary irony within that statement. Like most liberal zealots, the Obama worshippers constantly speak of Fox and Limbaugh, when the vast bulk of television stations and newspapers are drastically liberal and anti-conservative. Senior Democrat Chuck Schumer said that just as pornography shou ld be censored, so should talk radio. In other words, one of the few free and open means of popular expression may well be cornered and beaten by bullies who even in triumph cannot tolerate any criticism and opposition. A victory for those who believe the state is better qualified to raise children than the family, for those who prefer teachers' unions to teaching and for those who are naively convinced that if the West is sufficiently weak towards its enemies, war and terror will dissolve as quickly as the tears on the face of a leftist celebrity. A victory for social democracy even after most of Europe has come to the painful conclusion that social democracy leads to mediocrity, failure, unemployment, inflation, higher taxes and economic stagnation. A victory for intrusive lawyers, banal sentimentalists, social extremists and urban snobs.

Congratulations America !


Palin 2012!!!! go get em Sarah!

Bunkerman said...

Mrs. B still has a good eye at the plate - turned down MSFY a couple years ago at 30; turned down GE a few months ago at 17 or so.

Memo to Bman - don't make suggestions.

Bunkerman said...

article in IBD about censorship in Europe was a bit scary. Dutch are prosecuting people who just repeat others known statements.

Bunkerman said...

very hard for Palin to recover from the smearing the left and press did to her.

Maybe a few years as a Senator from Alaska would help her.

Bunkerman said...

oops meant MSFT.

Bunkerman said...

have a good weekend - have a couple bunktinis on me.

Frosty said...

good weekend Bunky...Bunkerboyzz...Bud try to get off the pole down at the biker bar this weekend and work on that material.

mern said...

i frankly see no difference between palin and bin laden.

in other news my old dog shop went in the tank today.

great, she still owes me 20k, and im the hook for cindys share.

if only bush cud have 4 more years............

and in 2014 i will be remembering the good ole days of dubya and cheney, becuase palin will destroy anything she touches. im surprised alaska has not imploded like the island on lost