Monday Morning Open Thread

Lots going on this week:

The Wisconsin recall election is tomorrow.  How will the outcome affect the general election in November?

George Soros says “90 days to save Euro”.

Washed up and disgraced golfer, Tiger Woods, wins his second tournament of the year and moves up to 3rd in the FedEx Cup point standings.

Romney continues to gain in the polls, especially among women.

Global economy at risk as US, Europe and Asia slow.

Do Economists EVER get predictions right?

Your tax dollars hard at work protecting the nation from terrorists.


Feel free to discuss these topics or anything else of interest.

UPDATE, by Mark Noonan:  Lost in Friday’s dismal employment report is this:

Last Friday’s unemployment news crashed the stock market and upended the presidential race. Lost in the excitement, however, was the news that African-American unemployment, already significantly above general levels, rose by much more.

Nationally, unemployment in May rose from 8.1 percent to 8.2. This is bad, especially considering how much time has passed since our economic troubles began, but it is less than catastrophic. As the Root reports, for African-Americans, however, the news was much, much worse. Unemployment among Blacks rose from 13.0 percent to 13.6 percent…

Seriously, black Americans, is Obama really doing a darned thing for you?  Is this the man you’ll really give 90% of your votes to on November 6th?

62 thoughts on “Monday Morning Open Thread

  1. J. R. Babcock June 4, 2012 / 10:50 am

    I used to be a big Tiger Woods fan. The guy has tremendous talent, and he appears to be putting his game back together, but no amount of practice and no number of wins will ever increase the character that he so obviously lacks. Sort of reminiscent of Denny McClain and Pete Rose.

    • Brooke June 4, 2012 / 3:24 pm

      Tiger Woods has some demons.

      • neocon1 June 4, 2012 / 11:29 am

        10 Reasons Obama Must Disclose His College Records

        3. Obama was stoned half the time in high school, according to biographer David Maraniss. He even had a personal drug dealer who scored potent weed for him and his Choom Gang of stoners. He was known as a loafer in school. Yet somehow he got a full academic ride to Occidental College.

        4. Obama’s drug habits worsened at Oxy, where he toked on a three-foot bong and also snorted coke regularly. Professors say he took few notes in class and turned assignments in late. Yet somehow he managed to transfer to the more competitive, Ivy League Columbia. Did he benefit from affirmative action?

      • GMB June 4, 2012 / 11:30 am

        Its only intimidation if conservatives do something like this.. Get with the program Neo. 😛

    • neocon1 June 4, 2012 / 11:39 am

      well put

      Craig Dedo, a computer consultant and Walker supporter, said the race boiled down to one question: Who runs Wisconsin? “The
      Democrats and the unions, who are the takers?” he asked, “or the Republicans, the party of the private sector and the people who pay the bills?

      • neocon1 June 4, 2012 / 11:44 am

        War in the White House: Eric Holder and top Obama adviser David Axelrod ‘had to be separated’


    • Retired Spook June 4, 2012 / 2:15 pm

      Rush is discussing the piece about Mike Levitt as I type this.

  2. GMB June 4, 2012 / 2:45 pm

    Hey libbies, Bill Maher, a self proclaimed 99% gives a million bucks to barky’s super pac and buys a 20 million buck share of the NY Mets.

    Maybe you should #occupybillswallet?? LOL Bill Maher meet Princess Lieawatha. LOL Again.

    • Brooke June 4, 2012 / 3:23 pm

      Are you saying that Bill Maher doesn’t have the right to purchase a piece of the Mets?

      I don’t understand…

      • GMB June 4, 2012 / 3:38 pm

        What kind of 99% has a million dollars to give to a super pac and 20 million to buy a chunk of a baseball team? You don’t see any hypocracy at all Brooke?

      • neocon1 June 4, 2012 / 4:49 pm


        ask Rush about that.

      • Amazona June 5, 2012 / 3:27 pm

        “Are you saying that Bill Maher doesn’t have the right to purchase a piece of the Mets?”

        Who said that? I didn’t see anyone say that.

        ” I don’t understand…”

        …which is quite clear

    • neocon1 June 4, 2012 / 4:48 pm

      OPM dollar you mean

  3. Retired Spook June 4, 2012 / 5:02 pm

    Can you say lawsuit?

  4. Retired Spook June 4, 2012 / 5:09 pm

    From a weekly sales tip newsletter from one of my suppliers:

    Top 5 Lessons Learned From Facebook’s Faltering IPO:

    5. Traffic does not equal revenue – This one’s been around since the original internet bubble burst, but somehow never dies. Traffic without revenue is not an asset, its overhead. The number of leads or the size of your audience is irrelevant if you’re not converting them to sales, or monetizing views, and every visitor to your website is costing you in terms of bandwidth and support.

    4. You MUST align your business model with your audience – Ad based revenue works for Google because the ads are served when people are searching for something, which nails the window of opportunity. This model is failing for Facebook because users aren’t searching for something, they’re socializing, and in that context, ads are intrusive.

    3. Users care about their privacy – Given how freely people share on Facebook, this may seem counterintuitive, but lawsuit after lawsuit shows users care about how their data is used, and that blatant disregard for privacy concerns is affecting Facebook’s bottom line.

    2. Value > Hype – Facebook has reported that it only earns about $5 per user annually, or 4.5 Billion. So how was a valuation of 110 Billion reached for the IPO? Arbitrarily, and propped up by hype. No matter how much industry or marketing hype you wrap around a product, you can’t create value out of thin air.

    1. INTEGRITY MATTERS – …and Facebook CEO Mark Zuckerberg has a long history of underhanded dealings and straight out fraud. When it comes time to ask the public to trust you with their money or their business, all of your previous decisions in business will be scrutinized. In business, as in life, your reputation determines how people decide to interact with you.

    • neocon1 June 4, 2012 / 6:21 pm


      perception is reality……

    • J. R. Babcock June 4, 2012 / 5:22 pm

      Even more interesting: it says buy if you think he’ll be reelected and sell if you think he won’t. There are 2 offers to buy and 80 offers to sell. Smells like burnt, soggy toast to me.

      • neocon1 June 4, 2012 / 6:04 pm


        “Men alone cannot be by themselves in the children’s area,” Amin said he was told, adding that Voris said other bookstores had encountered problems with child molesters.


        she can

        Homeland Security Is Supporting a Gay Pride Celebration & Janet Napolitano Is Getting an Award

        “…a year of significant progress for DHS Pride and for the LGBT community.”


    • bardolf June 5, 2012 / 6:23 pm

      My chart reading skills show the last time that Obama was at 70% was in May of 2011. Last month he was at 60%. Romney’s betting odds of 40% have held consistent through the year. This is why the B4V crowd should have taken my underwater basket weaving course in the Spring.


      Currently teaching calculus at 200 mph (why would someone take a course in 4 weeks that they failed when they had 16 weeks????). I’ll be teaching measure theory in the Fall. That’s a course where they show you how to use a tape measure correctly. Not as easy as it looks

      “Seriously, black Americans, is Obama really doing a darned thing for you? Is this the man you’ll really give 90% of your votes to on November 6th?” – Spook

      First African American incarceration rates have dropped under Obama which is the first time in a generation that has happened. Second is the fact that Romney said nothing in the tumultuous period in Mormon history (1960’s and 1970’s) when the church was dealing with a ban on black Americans from the Mormon priesthood because blacks were said to have fought with Satan in the great war against God.

      Romney could come out for legalization of marijuana, a relatively benign plant, which would end prison terms for 1/6 of the prison population with little side effects.

      He and Obama won’t support legalization because they are, in the end, both nanny-state the government knows best, oh-really-that-happens-to-conflict-with-a-big-lobbying-operation? (alcohol and cigarette manufactures) – politicians.

      • J. R. Babcock June 5, 2012 / 6:37 pm

        First African American incarceration rates have dropped under Obama which is the first time in a generation that has happened.

        Bullsh*t! Black incarceration rates in state and federal prisons have dropped every year for the past 10 years.

      • Amazona June 5, 2012 / 8:00 pm

        Does the drop in black incarceration rates have anything to do with an AG who refuses to prosecute black on white crime?

        What is the source of your information on what Mitt Romney did or did not say, and to whom, regarding the Mormon Church’s stance on blacks in their priesthood forty or fifty years ago?

        And what possible relevance could it have to anything today? Particularly to his run for the presidency? Many people disagree with certain aspects of the dogma of their faiths, but shouldn’t be judged for failing to challenge the Pope or the bishop or whoever.

        Yes, we know that the marijuana thing is very big with you but you need to get used to the fact that many people simply do not agree with you. The tinfoil-hat brigade likes to find conspiracies behind the belief that marijuana use needs to be banned, but the simple fact is that there is a strong cultural bias against it.

        (Having lost my mother to alcoholism and knowing two people with medical marijuana licenses, I agree that marijuana is probably less harmful than alcohol. That’s not the point, and slamming Romney for his failure to go up against such a strong and widespread belief among Americans is pretty silly.)

        And claiming that a non-position on an issue not at stake in this election erases the differences in political philosophy between a constitutional conservative and a Marxist-leaning Leftist is utterly foolish.

        I’ve never understood how or why someone as obviously intelligent as you manage to get so deep into the weeds (no pot pun intended) once you start to opine. Your focus on the trivial and irrelevant is truly astounding, and its ability to spin you off into the strangest conclusions is, well, quite strange.

        This post appears to be based on your reaction to the belief that Mitt Romney has not taken a position with which you might agree, on issues that you don’t even really know if he ever considered, and which are totally irrelevant to the election or this discussion.

        Next you’ll be complaining that he has never come out for flame-retardant Halloween costumes, or against annoying background music in YouTube videos.

      • Amazona June 5, 2012 / 8:03 pm

        “So, that’s a reason for African Americans to vote for Obama.”

        Really? Why? What did Barry do to decrease the number of black people going to prison?

        Or should black people just vote for him because they are black and he is kind of black?

      • J. R. Babcock June 5, 2012 / 10:15 pm

        U.S. Sees First Decrease in “Prison Population” in Nearly 40 Years

        Sorta moved the goal posts there, Bardolf. “Black” incarceration rates declined under Obama, but they also declined every year Bush was in office as well. Does that mean they should have voted for Bush?

  5. Cluster June 4, 2012 / 11:02 pm

    Folks I am growing more convinced that liberal dishonesty, or quite possibly, sheer stupidity is the biggest obstacle conservatives need to overcome. Larry O’Donnell was just on MSNBC lecturing everyone that Obama is just simply trying to return the country to the tax structure that Clinton had in place in the 90’s when the economy was thriving. Now I am not sure if Larry remembers that Obama had that opportunity in December 2010 or if he is being dishonest, which one would be the natural inclination. However, I am beginning to think that Larry, and most liberals, are that stupid. I think they have the retention skills of children and are easily distracted. In December of 2010, Obama and the democratically controlled congress could have easily let the bush tax rate cuts expire and we would have returned to the Clinton tax structure, and according to most liberal pundits, that should have been the cure for our economic ills.

    Everyone who lives in Wisconsin, please go to the polls tomorrow and vote for walker. The hard working, tax paying folks of that state deserve to beat the special interest unions and take control of their state.

    • Retired Spook June 4, 2012 / 11:30 pm

      Our resident Lefties seem to have given up the fight. Hopefully that’s a national trend.

      • Cluster June 5, 2012 / 8:00 am

        They have indeed haven’t they? In fact a couple of lefties in my office have pretty much resigned themselves to a loss, and honestly aren’t that too pleased with Mr.Obama anyway, so I also hope that is a national trend.

  6. Jeremiah June 5, 2012 / 1:44 am

    How much is one’s life worth if destined to other than the desires of their heart?
    People need to stop letting the government dictate to them how much they are worth.
    And start learning to take up for themselves, and do for themselves, and their children.

  7. GMB June 5, 2012 / 3:49 am

    “Seriously, black Americans, is Obama really doing a darned thing for you? Is this the man you’ll really give 90% of your votes to on November 6th?”

    Yes Mark it sure is and you know it. My first reaction was to think you have gone just a bit mad by asking this quetion. How long have you been observing the political discourse in this country? We are about the same age so I’ll assume for about thirty years right?

    Liberalism and all it’s other names never has been anything other than sybolism over substance and it never will be. It does not matter how many are unemployed. It does not matter how many are poorer than dirt. It does not matter how many are on the government dole for life.

    His skin is half balck and that is all that matters.

    • neocon1 June 5, 2012 / 8:22 am

      sadly but true
      that is why the donks have had a 45 year lock on the plantation in spite of being the worst racist party other than the nazis.
      a tribal mentality and only 200 years of freedom are not enough evolution i guess.

      • neocon1 June 5, 2012 / 8:26 am

        really christie??? I mean REALLY???

        NJ Drivers Face $1K Fines For Pets Not Wearing Seat Belts…

        RED CHINA is beginning to look good welcome to the new AmeriKa the police state.

      • neocon1 June 5, 2012 / 8:30 am

        Police Stop, Handcuff Every Adult at Intersection in Search for Bank Robber…

        hiding behind shields, dressed like ninjas, pointing semi weapons at citizens…all in the name of “safety”

        riiiiight pee wee

  8. Retired Spook June 5, 2012 / 8:46 am

    Seriously, black Americans, is Obama really doing a darned thing for you? Is this the man you’ll really give 90% of your votes to on November 6th?


    This is a dynamic that has always puzzled me too. One would think that, sooner or later, broken promises of making your life better would begin to wear a little thin. I’ve come to the conclusion that there can really only be one explanation. Republicans are the party that would like to find blacks work, and the Democrats are the party that have found that paying blacks not to work yields waaaaaaay more votes. You do have to give the Donks some credit in that they’ve played the black population like a Stradivarius. They’ve stuck the majority in failing schools where they don’t get an education; they’ve sent as many of those uneducated blacks as possible to college with affirmative action polices, knowing that the vast majority would fail but be grateful for the opportunity; they’ve eliminated their income taxes as long as they’re willing to work menial jobs. They’ve simply imprisoned them on a different kind of plantation.

    • Cluster June 5, 2012 / 8:51 am

      I think conservatives always make the mistake that liberals actually think, and they don’t. Liberals emote. So it’s not the actual results that keep bringing liberals back to the voting booth, it’s the message and rhetoric. As long as Obama says the right things, the results don’t matter.

  9. Cluster June 5, 2012 / 8:48 am

    So I just saw the Sarah Jessica Parker ad for Obama, for sure man, and like it was so cool, but won’t it be refreshing this November when we can finally put an adult back in the white house?

    Obama is the dumbest SOB ever to occupy the white house and my summer vacation read will be The Amateur by Ed Klein – I hear it is good.

    • Amazona June 5, 2012 / 5:51 pm

      Wasn’t she an embarrassment? That giddy schoolgirl crush thing seemed to work for him last time, but let’s face it, Jessica’s schoolgirl years are far far behind her, and this breathless adoration thing is kind of creepy. She may swoon over breathing the same air as Barry, but I can’t see many being so smitten.

  10. Retired Spook June 5, 2012 / 12:43 pm

    The rats continue to desert the good ship Obama. This guy is normally an Obama apologist, and when an Obama foot soldier starts saying stuff like this, you know it’s not good for the Bamster:

    It is now time to pay the piper for the timidity and caution and misguided political calculations of three years of what can now safely be described as a failed economic policy.

    It will be difficult for Obama to criticize the Republican playbook, since he has been reading from the same pages. His only real departure is to have millionaires pay a tax rate a few percentage points higher, and that wouldn‘t fix everything anything.

    Obama can’t tell the nation we shouldn’t go back to failed Republican policies, because we never really gave them up. Now they have become failed Democratic policies.

    The fact that Romney will likely follow the same bad policies and that they could once again become failed Republican policies doesn’t really matter for this election in 2012, though it might help Hillary Clinton or whoever the Democratic nominee will be in 2016.

    Obama’s failure early in his term to muster support for a stimulus that was big enough and effective enough to get that “escape velocity” needed for a robust recovery was unfortunate.

    His failure to hold financial kingpins accountable for the crisis that spawned the Great Recession was inexcusable. And this failure was compounded by not mounting any significant financial reform but instead passing a Frankenstein bill that — besides not addressing many of the real problems — was unwieldy, unnecessarily complex, and unworkable.

    It was perhaps optimistic to expect anything else from a president who doesn’t understand economics and apparently let his political advisers, who also don’t seem to get it, have the last word on economic policy.

    It didn’t help that his economic team was led by proven failures like his chief economic adviser, Larry Summers, the Clinton administration Treasury secretary who signed off on deregulation, and his Treasury secretary, Timothy Geithner, who as third-place choice to head the New York Federal Reserve failed to see or head off the brewing financial crisis.

    None of this can be changed, so it’s really just so much water under the bridge. The problem is that these mistakes have consequences, and those can’t be changed either.

    So now in 2012 we have JP Morgan Chase, which invented the credit default swap and had the biggest portfolio of these nefarious financial instruments going into the crisis, losing billions more in huge casino bets that go wrong because of what appears to be systemically lax controls.

    And even after all this, Obama, who has been buffaloed by JP Morgan CEO Jamie Dimon from the beginning, thought last month that it was all right to call Dimon “one of the smartest bankers we’ve got.”

    Instead of taking the “shellacking” of the 2010 mid-term elections as a chance to change course and adopt bolder initiatives, Obama kept the unimaginative Geithner as his top economic official, and exchanged Clinton retread Summers for Clinton retread Gene Sperling, who is not even an economist, as his chief economic adviser.

    More fatefully, earlier in 2010, he bought into the Republican premise that the federal deficit is the main economic issue and appointed a presidential commission to fix this non-problem.

    Then he ignored its recommendations, not because he realized he had made a horrendous mistake in appointing the commission, but because his support would have been the kiss of death for its proposals.

    With friends like this, who needs enemies?

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