We have nearly reached the end of another grueling week in a world which can't suck enough. Disgusting doesn't quite describe it. Appalling doesn't quite capture it. Why would Christians invent a "hell" to punish the wicked when the true Hell is right here on Earth? To wit—
- Global financial markets were jittery earlier in the week, but lost it altogether yesterday after Ben Bernanke & Co. announced operation "Twist" (to buy longer term T-bills) while also saying that downside risks to the economic outlook have increased. How fucking stupid do people have to be to not know that downsize risks to the economy have been piling up for some time now? And for how long has that been going on? Try decades. Is something real only if Ben Bernanke says it is? The Bernank has never been right about anything. This may be his first time. How fucking stupid do you have to be to believe something is real only if Ben Bernanke says it is? Jesus wept.
- European leaders and the ECB continue to dither, setting new world records for wishy-washiness every day. As they take "Extend & Pretend" to levels never imagined before, anxious traders in world markets, who must now constantly ingest prodigious amounts of Prozac to remain upright as the European Debt Crisis enters its 79,735th day, get more and more hysterical with each passing minute. Sell! Sell! Sell! No, Buy the dip! No, I'm losing my shirt! Sell, Sell, Sell! We're all gonna' die! Need more Prozac!
- Not one to miss an opportunity for self-promotion, celebrity economist Nouriel Roubini is running around saying we're already in recession and its's too late for the Fed to save us, and perhaps, maybe, there is definitely a possibility, that we're on track for a full-blown contraction even worse than the meltdown of late 2008/early 2009. Good call, Nouriel! As if Fed monetary policy could have saved our bacon in any case. See my "how fucking stupid" questions above.
- Republicans have decided to use FEMA—you know, Disaster Relief—as leverage to achieve theiir noble political goals.
At the heart of the issue is funding for disaster relief. Democrats are calling for $6.9 billion for FEMA's relief fund, but the GOP is only willing to pay $3.65 billion and want the rest of the funding to be offset by spending cuts in other programs. Without more funding FEMA will run out of money as early as Monday.Screw it! Let's privatize FEMA. The "free" market solves all problems, right? Work it out for this year's budget deficit (estimated): what percentage of $1,600,000,000,000 is $6,900,000,000?
- After I posted earlier this week about Daniel Yergin, who doesn't have an honest bone in his body, who should I see on The Colbert Report? Yes, there he was, lying his sorry ass off. And there was Colbert, sucking it all up, making his silly points for yucks—peak wind!—not knowing Shit from Shinola, effectively mocking every person who ever put pen to paper to write about the world's energy problems. I give up. Why bother to write about this shit if any problem can easily be dismissed, just whitewashed out of existence, in a few minutes with Jon or Stephen on the Comedy Channel?
And that's not all there was to report on here on Planet Stupid. Can't Suck Enough!
The floor is yours. Your comments are welcome. Try to think of something positive to say.
Bonus Video — Not for the feint of heart.