So, let's recap, in a nut shell, what just happened here.

The President of the United States - acting in his capacity as self-appointed ruler of the fucking planet, I suppose - publicly negotiated the bankruptcy of an ostensibly private company (Chrysler) in such a way that the principal benefactors would be - surprise! - huge contributors to the campaigns of he and his political allies.

The negotiated settlement also screwed-over senior (and allegedly secured) bondholders, who will end-up with the table scraps left by the politically preferred, but junior and unsecured, debt holders.

And all of this was just blessed by a Federal Bankruptcy Judge - a 1995 appointee of Bill Clinton, of course.

Posted by: DocJ at 06:51 PM | Comments (1) | Add Comment
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Benedict Arlen Specter is learning first hand just how Democrats treat "moderates".

Arlen Specter's switch to the Democratic Party has cost him his seniority on Senate committees. The Senate passed a resolution Tuesday night that made him the most junior Democrat on the committees on which he serves.

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Pakistan (with at least 100 nuclear weapons - need I remind) is in the process of melting down.

The Pakistani Army has finally begun to act against the Taliban and its allies in Swat and Buner, but the effort may be too little, too late.  The government in Islamabad told Swat residents to flee, and more than 500,000 refugees may descend on the capital as the Army prepares to dislodge the extremists after an ill-advised truce allowed them to seize control and initiative.

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Top revenue source for state governments?  Why, it's Uncle Sam, of course!

In a historic first, Uncle Sam has supplanted sales, property and income taxes as the biggest source of revenue for state and local governments.

The shift shows how deeply the recession is cutting. Federal stimulus money aimed at reviving the economy and a sharp drop in tax collections have altered, at least temporarily, the traditional balance of how states, cities, counties and schools pay for their operations.

What could possibly go wrong with that arrangement?

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Videos from when MTV actually played, you know, music.

Here's this week's fave...

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Ladies and gentlemen, Howard Lawrence Carr...

The Boston Globe is dying this weekend, one way or the other. It probably lingers on a while longer, on life support, a Terri Schiavo of journalism, but this comedy is ending the way it was destined to.

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How does Barack's ass taste now, geniuses?

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I know this is pretty much old news by now, but I just want to go on record as saying that I really didn't find very much wrong with "old" America.

You know, the one that rewarded hard work, that had a moral center, that believed in its own exceptionalism, that believed itself to be - on balance, in spite of its faults - good.

That America. "Old" America.

It's this "new" America that I have problems with.

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