Metallic Pea

Frustrating People Since 1971.

In Depreciation of Your Efforts

with 4 comments

   

‘Surely vexation kills the fool, and jealousy slays the simple.’ ~ Job 5:2  

 

 

 

 

  • I once ate a 4 ½ pound steak and a Super Monster burrito from Freebird’s on dares. The first challenge took three hours and the second nearly killed me. I have since sworn off all challenges involving food. Sadly, it is too late for this guy.

 

 

 

  • Regardless of how you feel about the Bailout Bill that failed (THANKFULLY) in Congress yesterday, it should be pointed out how duplicitous and dishonest our representatives can be. The bill that has been touted as a critical rescue plan to prevent our economy from imploding (but would actually accomplish the opposite) was entitled thus:  ‘To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes.’  I’m speechless. Are you mad yet?

 

 

 

  • From 1813 to 1907, the U.S. dollar appreciated in value. What cost one dollar in 1813 cost only 48 cents in 1907. In 1913, the Federal Reserve was formed, ostensibly to provide financial stability and “fight inflation.” Since then, the value of a dollar has all but vanished, as what cost one dollar in 1913 cost $20.73 in 2007; the dollar has lost 95.2 percent of its value under management of the Fed.’

 

 

 

  • When Taysir Saada served as a trained assassin for Yasser Arafat’s Fatah organization in the late 1960s, he admits he hated Christians. If he found a home belonging to followers of Jesus, he would sometimes throw a grenade inside and shoot it up with bursts of machine-gun fire. Today a non-uniformed Saada, now known as Tass, patrols the dangerous Hamas-dominated streets of the Gaza Strip – no longer hunting down Christians or bearing arms; the Palestinian-American has traded in his automatic weapons and grenades for the Bible, humanitarian service and apologies to Arab Christians he once persecuted.’

  • It’s a bird! It’s a plane! It’s … Metal Mass!—‘ In Finland, heavy metal music is already part of mainstream culture.  But it seems its growing popularity knows no bounds. One metal band has taken to touring the country’s churches, giving concerts during services. And the pastors are loving it, as more and more young people are flocking to churches.’

 

 

 

  • Here is a short synopsis of how the Federal government’s Community Reinvestment Act is the primary contributor to the current credit crisis.

 

 

 

  • New research has added three more victims to the previous count of 133 people who are said to have lost their lives at the cold war boundary that once divided [Berlin] into four sectors that were controlled by the American, French, British and Russians respectively.’

 

 

 

Friedrich Hayek’s words about the failed economic policies which led to and exacerbated the Great Depression in 1932 are just as relevant to-day:

‘Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion. … To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about…’ 

 

 

 

 

 

 

  • One of the more prominent ‘Lesser of Two Evils’ arguments used for voting for (bad) Republicans is the emphasis on Supreme Court judge nominations. However, the historical evidence shows that some (most?) of the worst judges on the court were appointed by Republicans.

 

To-day’s 1980’s Moment is brought to you by: Simple Minds

  

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4 Responses

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  1. RE: Name of the economic bailout bill.

    It’s more dishonest than simply disguising the name. From what I can tell what the House did was try to amend a bill already passed by the House and the Senate. The Senate added an amendment to the original bill, a tax break for military peresonnel, so the House had to pass the Senate amendment to the original bill. The House passed said amendment and attepmted to add the bailout as another amendment. The purpose of this is usually to force members to vote against a popular measure (military tax breaks) in order to kill an unpopular measure (the bailout). They probably aso intended to bypass a great deal of the legislative process by attaching it to a bill that had already passed in another form. Fortunately, enough members from both parties stood firm and managed to kill it this time around, though it is on the way back. Unfortunately, there is not much anyone can do about this type of proceedural slight of hand. The Constitution only stipulates that the two chambers have to concur to pass legislation. The chambers are allowed to set their own rules, and in the House the majority party leadership can easily manipulate the rules to do things like this. And yes, I am mad.

    Nate

    October 1, 2008 at 9:12 pm

  2. great quote of the day – The legislation is like this: some boats are sinking, so rather than bailing those boats out, you blow up the dam and drain the whole lake.

    Jackasic

    October 2, 2008 at 5:20 pm

  3. Having taken a look at the bill the Senate passed I think it is noteworthy that the Senate attached the bailout to another bill previously passed by the House. This was an effort to get around the Constittuional provision that money bills must originate in the House. The unrelated portion of the bill originated in the House, but the bailout which should have orginated in the House actually originated in the Senate. So we now have a bill that probably should be considered unconstitutional, but no doubt will not even be challenged on that basis (assuming it passes the House).

    Nate

    October 2, 2008 at 7:13 pm

  4. They quit paying attention to the Constitution a LONG TIME AGO, Nate. Frankly, I don’t know why they (and we) even pretend that it matters anymore.

    ninepoundhammer

    October 2, 2008 at 8:30 pm


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