George W. Bush "Sorry" Now That Housing Crunch Hits Home

January 19, 2008 

MORTGAGE CRISIS HITS BUSH 

WACO – "I never thought it could happen to me." 

From the cigar room of his west Texas ranch, President George W. Bush reflected on the state of the mortgage crisis. 

“It’s lingering longer, and extendering further than anyone anticipated,” he said. “I feel for the American people because I'ma right there with'em.” 

That is right, even the President’s mortgage seems to have been too much to handle in these tough economic times. 

“Some guys in moving vans came to my house, and told me that I had to leave immediately. No warning or nothing.” 

So what went wrong? 

“I told 'em the American taxpayers were taking care of my digs,” he explained, a tear rolling down his cheek, “But I guess they bit off more than they could chew with the White House.” 

Editor’s Note: When President Bush later saw that Obama was moving into the same White House that had just been “foreclosed,” Bush wondered if the new President had gotten a good deal at auction with what was left from his nearly $1B war chest or if Obama bailed himself out of the mortgage mess.

RAD Weekend Links (12/19-21/2008)

December 19, 2008

RAD Weekend Links (12/19-21/2008)

INTERNET -- 5 news stories; 5 insights; 1 educational video on the mortgage crisis.

Woman's Vagina Screams, "Help!" (Yahoo!)

Michelle Duggar of Arkansas has had her 18th baby.  You read that right, 18th.  The now 42 year-old had her first baby at age 22, so this isn't one of those backyard middle school games of doctor gone horribly wrong.  Rather, this is a calculated attempt at one of two things: 1) they are trying to start their own major league baseball franchise; or 2) these are descendants of the Hatfields, ready to take aim with another shot at the McCoys.  Given the names the father and the children have, I'd go with number 2: Jim Bob, Joshua, Jana, John-David, Jill, Jessa, Jinger, Jospeh, Josiah, Joy-Anna, Jeremiah, Jeddidiah, Jason, James, Justin, Jackson, Johanna, Jennifer, and Jordyn-Grace.  Does anyone see an alliterative scheme here?

Canada Pledges $13.69 to Auto-Bailout, Eh (WSJ)

As the United States plans to give $17 Billion to a bunch of guys that used their corporate jets to give unprepared, ill-argued speeches at Capitol Hill, Canada is joining suit.  Okay, so they aren't going to give Newfy's (Newfoundland) gross domestic product of $13.69 derived from no one wants to know, but instead $3.29 billion.  This money will be going to two of the big three.   Dear President Bush and guy who runs shop in Canada, there are a bunch of debt-soaked kids graduating from college and they are unemployed.  Why not help them?  They didn't cause this mess.

Andrew Jackson is Hot News? (CNN)

CNN has decided to run a piece on a book about Andrew Jackson by Jon Meacham.  This man's presidency should be well documented for its overseeing a rise in populism and the currency issues pervading the times.  Rather, CNN decided to talk to the author about his more detailed insights such as how Jackson believed in separation of church and state, and that his passion made him most like us--us being an articulate reference to society's contemporary collective conscience, which would be qualified by an equally articulate description of passionate.  Wow, remarkable...remarkably vague.  I am sure this book is scintillating but I wouldn't recommend its content for dinner conversation.

Fortunately for Cheney, You Can't Actually Drive a Truck Through a Loophole (MSNBC)

MSNBC and FOXNews continue to battle it out for most biased coverage.  While the current administration scurries to cover its buns over electronically backed up files, just as every predecessor since Reagan has done, MSNBC chooses to quote a lawyer for a historian's group of plaintiffs saying that Cheney could drive truckloads of document through a loophole.  Last time I checked, a loophole was a concept not a thing, so technically she is wrong.  On a second note, who wants to read about what Clinton really said to the NSC before screwing up Mogadishu and producing a decent military flick in Black Hawk Down?  As Paul McCartney [Macca] and Axl Rose both said at one time or another, "Live and Let Die."

Bailout for Banks, Bonus for Bums (FOXNews)

$1.69 billion dollars went to executives of financial firms last year, in a time when those banks were losing mucho dinero.  Having seen the Madoff scheme unfold, is there a difference?  Madoff gave out generous bonuses in his last days as he saw the Feds a'coming.  Why wouldn't it fit that Wall Street would give out crazy bonuses prior to the secret getting out that they no longer followed sound economic theory?  Actually, it does.  Now they have bailout money to maintain their high levels of compensation that they didn't actually earn.