Posts filed under “Really, really bad calls”
A brief reminder: Hurricane Sandy was the deadliest and most destructive hurricane since Katrina. It caused 285 total fatalities and was the second-costliest hurricane in United States history.
During the immediate aftermath of this act of Nature, these 2 dimwits were among many who decided to use the disaster as a political platform. They voted against a full FEMA / Army Corp of Engineer reconstruction, and repeatedly delayed votes to fund any for of rescue.
The claim that the rescue bill was any more pork laden than anything else that comes out of the sewer that is Washington D.C. was specious at best. Do a search for “Hurricane Sandy Pork” — what comes up are the same wingnut articles repeated over and over in various partisan outlets.
Media Matters noted in January that claims of money for “climate change for the EPA” was actually money for wastewater treatment in damaged areas (Fox News’ Bogus Hunt For Pork In Sandy Bill Continues).
Even Forbes called foul — they noted that the “pork” came from having to bribe red state Republicans — including Texas — in order to get the package passed over their filibuster” (Pork Holding Up Senate Sandy Relief Bill Funneled Into The Troughs Of GOP Deficit Hawks? You Betcha).
The hypocrisy reached a point of such absurdity that the Republican Governor of New Jersey, a Conservative favorite, went postal against the GOP House members as well as these two Oklahoma Senators.
Which brings me to the recent tragedy in Oklahoma: Now that the disaster is on the other foot, the Oklahoma Senators/deficit hawks are claiming Tornado aid ‘totally different’ from Hurricane Sandy aid.
Want to know how its different?
A big chunk of the Sandy emergency package replenished FEMA, which had been underfunded by the usual suspects. The Sandy relief package replenished its coffers. The votes in favor of Sandy Aid ironically funded FEMA, and it is helping with the rescue and clean up efforts in Oklahoma.
I would suggest that the entire NY/NJ/CT Congressional Delegation, regardless of party, as well as Governors Christie, Cuomo, and Malloy should demand an apology from Senators Inhofe and Coburn. These two geniuses were voting against funding an agency that is now helping out their electorate.
Category: Politics, Really, really bad calls, Science
In our day job, we have a Fiduciary relationship with our clients. A Fiduciary has a legal obligation where all actions are performed for the benefit of the client. It is a much higher duty of care than the typical “Suitability” standard, which essentially says you cannot sell Facebook IPO shares to Grandma. We sit on…Read More
Category: Hedge Funds, Investing, Really, really bad calls
click for complete infographic The editors at Best Psychology Degrees decided to research the topic of: The United States of Conspiracy 12 of the weirder things Americans believe. – Barack Obama is the anti-Christ (13%) – A “New World Order” is conspiring to rule the world (28%) – The government covered up a UFO crash…Read More
Category: Digital Media, Psychology, Really, really bad calls
@TBPInvictus here. Things have not been going well of late for the ideologues who also wax economic regarding inflation, interest rates, austerity, etc. They’ve been wrong at every turn. Luskin, Ferguson, Bowyer, Laffer, Kudlow, the WSJ editorialists, and so on. Been a bad five or so years. As Barry has repeatedly pointed out, it is…Read More
Category: Commodities, Really, really bad calls
click for ginormous graphic Source: United Republic Hat tip Fabius Maximus
Category: Digital Media, Politics, Really, really bad calls
The chart above comes from a piece penned by Bob Ivry, who explored the unfair advantages of the TBTF banks. Note the chart shows how the ratings agencies would change their views — and credit ratings — of TBTF banks without the implicit promise of a bailout when any of these banks screw up….Read More
Category: Bailouts, Credit, Really, really bad calls
Josh calls out those who have dug their heels in and fought the tape the whole way up. Are these folks part of your daily media diet? He notes: “Some people need to reflect back on what they’ve been doing for the last 8,000 points. Others need to reconsider whom they’ve been listening to and…Read More
Category: Philosophy, Really, really bad calls
The Mortgage Electronic Registration System is like a key party, but instead of f**king your wife, they lose track of the deed to your house.
Category: Foreclosures, Real Estate, Really, really bad calls, Video
We will soon have a real time, real life test of whether ______ can create “stimulus” without reform or restructuring can lead to prosperity. When _____’s debt detonates, what will ______ say then, I wonder? I keep coming across this sort of crap, and I have to throw a flag on the play:…Read More
Category: Markets, Psychology, Really, really bad calls
“A great many people think they are thinking when they are merely rearranging their prejudices.” -William James Reinhart and Rogoff are being blamed for the damaging, widespread adaption of post-crisis austerity programs in Europe and in the United States. This reflects a fundamental misunderstanding of how political decision get made. Regardless of what…Read More
Category: Economy, Philosophy, Politics, Psychology, Really, really bad calls
