The only reason that there is a need for the CBC in these days and times are because of right wing imbeciles like Bachmann who let nonsense like that come out of their mouth. It is indeed a shame that even in these modern times of global reach and push button communications with people half a planet away of various cultures, we have home grown idiots who just have to blame their own shortcomings on their favorite scapegoat: Minorities. And when they are done playing the ‘Black’ card, they’ll move on to Latino’s, and maybe even Asians’ will get a shot this time around, hmm?

I’m sorry for ranting, but it just eats at me that there are people today still running around that think and talk like that.

http://www.youtube.com/watch?v=H5tZc8oH–o

http://tinyurl.com/3kybt9

Could the media please interview someone with a brain? David Gregory, ex-White House reporter who participated in Bush’s version of the Lincoln Bedroom, asked Michele Bachmann for her prescription for our nation’s financial ills, in light of her support for John McCain.

I thought the Paulson/Bernake plan was already a tasty banquet for America’s financial firms, but Michele rented out a whole Hooter’s and invited corporations completely outside the banking realm. Here’s what Rep. Bachmann added to the menu in her free market, capitalistic solution:

1. Incentivize the marketplace to put equity in
2. Drastically reduce income taxes
3. Suspension or elimination of capital gains taxes
4. Do away with Freddie and Fannie
5. Make the American business climate friendly to receive equity
6. Change the marketplace so we’re more business friendly

Michele, you might want to give Senator Elizabeth Dole a call. My guess is she knows what happened, given her credit default swap question at today’s Senate Banking Committee hearing.

A completely unregulated, as in totally free market went a kilter the last week or so. Credit derivatives, specifically credit default swaps are the “insurance” or peace of mind that moves corporate backed securities. In the case of Goldman Sachs, what cost $100,000 last summer roared to $900,000 last week. That’s an eightfold increase in coverage for one year’s worth of peace of mind on $10 million in Goldman debt.

For the free market buyer to make any money, interest rates need to shoot up drastically overnight. Or the paper needs to be discounted dramatically. The buyer won’t purchase without some risk protection. Thus, nothing moves. Credit dries up in this totally free market. And why? Because the big money boys don’t trust each other to make good on their bets.

Knock, knock, Michele! A ten year run of your totally free market solution failed miserably last week. The investment houses fled to safer, regulated waters to avoid shark-like risk.

So what does, Rep. Bachmann offer, other than the next page on the blueprint of disaster capitalism? Nothing. Welcome to corporafornication and the complete death of the American media as messenger of information.

Sounds plausible, but I think there was another factor involved as well.

A little mental exercise: Have you ever told a lie? If so, think about what was the hardest thing about telling the lie… looking the other person in the eye while you spoke the lie, right?

I agree with everything you said. I was in the Navy as an enlisted man from ‘59 to ‘63. The segregation was still apparent because most of the officers stewards (servants) were black. Although more Filipinos were brought in for this purpose. Whole companies in boot camp in San Diego were all Filipinos when I was there. All of the Naval officers, especially the ones from the academy were a$$holes. Of course the Navy has always been that way, officers and the scum enlisted. No wonder that McSame seems to be out of touch with normal human beings.

Folks in Minesota,

Shallow, dumb, stupid……incurious

Wow. Come out of your shell dude. Wow. We *were* one of the finest states in the country under Governor Wendy Anderson. Just take a look at what we’ve become under republican rule. Falling bridges, failing education. Yep, those republican values sure helped. We also receive less than half of every dollar we pay into federal taxes. You red state a-holes need to pull your heads out of your a*ses and realize it’s those of us in blue states who are keeping your sorry b*tts alive. Low tax states, give me a break! You’re subsidized to the max and

The Navy relegated blacks and Filipinos to mess duties throughout World War II, while the Army grudgingly put African-American infantry, air force and armored units into the field in Europe. The navy experimented with an all-black destroyer crew, but more typical of the wartime navy were the ammunition loaders at Port Chicago in San Francisco, who mutinied over conditions there after 320 were killed in a 1944 explosion. 208 of the protestors received bad-conduct discharges; 50 of them were convicted of mutiny and sentenced to 8-12 years at hard labor.

Thirteen African-Americans were commissioned by the Navy during the Second World War—again, it was billed as an “experiment.” Again, by contrast, the Army commissioned 639 officers in the First World War, opened its first integrated OCS in 1941; there were thirty black officers in the 761st tank battalion alone.

[By contrast, 1 in 5 sailors in the antebellum Navy were African-Americans serving in integrated crews.]

As late as 1972, the (late great) Admiral Elmo Zumalt encountered terrific resistance in trying to introduce wider integration into what he called the “Lily-white Navy.”
At that time, only 1% of Navy officers were African-American.

This is the culture in which John McCain matured. Those ingrained racial attitudes—and I say “ingrained” because McCain is a third-generation Annapolis man—may have even played a role in his strange and determined resistance to Martin Luther King, Jr. Day. West Point graduated its first African-American officer in 1877—Annapolis, although it admitted a student in 1872, didn’t graduate an African-American until 1949.

I am by no means an expert on the Navy, but I do have relations who graduated from Annapolis and while I have always enjoyed attending the Naval ceremonies (and I am a huge fan of the Blue Angels!) they were connected with, I was always struck by what seemed to be a near-incestuous cliquishness which must have resisted integration and, again, formed McCain—who was serving and/or a POW in the civil rights years—in profound ways.

I think McCain can tolerate speeches before the NAACP—he is, after all, on the podium and above his audience, but I think the idea of competing with—an possibly losing to—an African-American must enrage him.