CapitalistImperialistPig

Glib enough , perhaps, for a career in talk radio - or if McCain is elected, maybe Court Jester or Secretary of State. I guess that once you are that far off the mass shell, up really is down.

People will be looking at the financial breakdown through many lenses, but one that might be worthwhile is the theory of critical phenomena. One thing that the banking deregulation and invention of new financial instruments did was result in a financial system that was more strongly coupled. As long as banks were essentially local and worked with only their own money, weak coupling theory and the appropriate regulations were sufficient. Many of the financial instruments enabled by the Clinton and Bush repeals of financial regulations made possible the exotic "weapons of mass financial destruction" (as Warren Buffett put it). The supposed benefits are greater mobility of capital and greater efficiency. What many of the banks, and their string theorist "quants" failed to take into account was the possible presence of a second order phase transition. In such a transition the microscopic transitions from, say, liquid to gas, which are always present but normally ene...

Democrats +45 Republicans -65 Dow - 778

On Big Bang Theory tonight, Leslie and Leonard were forced to end their relationship because they could not agree whether the children were to be raised in Loop Quantum Gravity or String Theory. Oddly enough it was Leonard, the String Theorist, who thought it might be OK to let the children grow up and choose for themselves.

Listening to a discussion of the US anti-missile program on NPR the other day. The one remark that caught my ear was from a former head of the Department of Defence testing program: We don't have an anti-missile technology, we have an anti-missile theology. That's true of most of the Reagan era dogma that dominates the GOP. We have seen what happens when you rely on faith-based economics in the financial crash. We have seen what happens when you rely on faith-based foreign policy (we will be greeted as liberators!) in Iraq. We will probably find out how faith-based climate policy works out. Let's not really rely on a faith-based military plan. Especially not now, with God having plenty of reason to be annoyed with us.

Hmmm. McCain staffers assigned to brief Palin for debate/news conference pronounce her "clueless." Right wing columnist Parker says she should drop out. Hmmm. McC flies to Oxford with Rudy and Mrs. Rudy III. Hmmm? Hmmm! I predict: In surprise announcement, Palin replaces her running mate with Giuliani, declaring McCain "too d*** old." A shocked Obama can't figure out how to counter Rudy's 9/11, 9/11, 9/11 and fumbles away the debate.

So are John McCain and the Republicans really planning to play this movie again? "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate" "It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.” -Andrew W. Mellon