Some interesting Solyndra stuf...

OK, so a few posts back, I put in my two cents about Solyndra in a post which some readers may have felt was a bit to conciliatory to the Right.  Also, a bit farther back I joked about how a little research can go a long way. Well... shame on me for not taking my own advice!  I will say that I stand by the overall points made in my previous Solyndra post.  Nothing I've found has really changed my overall opinion, but the were some interesting findings.  There's rather a bit more to the story. Just don't expect the mainstream media to tell you about it. (Or Fox News to tell you the truth!)

First off, Media Matters pointed out how so many media outlets were giving disproportionate coverage to the failure of Solyndra.  And it wasn't just Fox! In print, the LA Times, the New York Times, USA Today, the Fox Street (sorry) Wall Street Journal and the Washington Post all gave Solyndra anywhere from two to five time the amount of coverage that they gave to the 2008 exposure of Government Corruption in the Minerals Management Service or about the waste and fraud on the part of military contractors.  The mainstream television media was not much better: 50% more at NBC, ~twice as much at CBS and ~five times as much at ABC.  And on Cable, but MSNBC and CNN also gave 2-5 times as much coverage to the Solyndra story as the other two.

BEHOLD: YOUR LIBERAL MEDIA!

Fox's coverage ratio was closer to 100 to 1, but this is hardly even about Fox this time!

It's probably worth mentioning that BOTH of those stories represented a much larger loss of taxpayer money.  Of course they also occurred on Bush's watch, and one in association with Bush's War, but hey... I'm sure all those Liberal media outlets were all over tha... oh, yeah. Um... not so much, as it turns out.

So, aside from playing their standard game of "Bash the Negro," what's really going on here?  Turns out it's a bit more than just the typical Corporate Media bashing all things green and Liberal.  Yeah, they're covering for the rigth in more ways than one. (In this case, TWO, by my brief, and probably incomplete, count.)

First of all, Down With Tyranny did an excellent write up of the Republican Hyposcrisy at play here.  Normally exposing Republican hypocrisy is about as difficult as putting on a hat, but this time it didn't involve any underaged boys. (This actually kicked off several additional posts about it.)  And he wasn't the only one - more from Daily Kos.  And all that's just from one blog. There's a lot more.  What's with all the Republican entanglement with this? 

Here's the key point, as noted by Extreme Liberal: THIS ALL STARTED IN 2007 UNDER GEORGE W. BUSH! 

In my own post, I mentioned that Government shouldn't be in the business of picking and choosing which companies will succeed.  And I stand by that. And I think most people would agree with that, at least in principle.  Where I kind of stepped on my dick there is that I had had assumed (hearing the story first from Fox) that it was the Obama administration who made the loan guarantee.  Ummm... NOPE! That, like most of the Shit Obama's wiping off the White House furniture, once again came from BUSH!

BUSH! BUSH! BUSH! BUSH! BUSH!

I swear he was like King Midas' retarded cousin: Everything he touches turns to shit!

But hey, at least we've got that LIBERAL MEDIA to tell us the whole story, so we won't have to rely on bloggers to give us the...

...oh, yeah. 


(BTW, did you know that October was "National Hit Someone In The Head With a Brick Who Complains About How The LIBERAL Media Is Distorting the Facts And Not Telling The Whole Truth Month?" Tell your friends!)

Why? Why? Why? Why? Why?

I work for a Japanese company.  In America (Detroit area) but it's a Japanese firm.  And one of the things I've learned about the Japanese from working there is that is you ask them ANYTHING or ask them FOR ANYTHING, the will ALWAYS ask you, "Why?"

Now, in the West, "Why?" is a very confrontational question.  Every time I hear "Why?" my minds follows it up with "...the hell do need [or need to know] that?!" I don't know if everyone feels that strongly about it, but I think you'll agree that if you ask me a simple, strait forward question and I answer why "Why?" it kind of puts you on the defensive, no? (Truth be told, in my experience, it really pisses most people off!)

Well... Anyway, they don't do it to be difficult pricks. (Although there's no shortage of people that seem to think that they do! LOL)  They do it because they genuinely want to give you the best possible, most complete answer / information the first time so you will not be misled, and they will not waste your time. (And possibly so you won't come back and bother them again! LOL) And really, although it takes some getting used to when you hear it every. fucking. time, it's really not a bad philosophy. Really? When you think about it, it's almost always the PERFECT question to ask!

Now I mention that, because as part of my work (as an engineer) we often have to solve problems.  And one of the Japanese methods (which I'm sure has been adopted  in the west in some places or companies as well) of problem solving is called the FIVE WHY'S.  It is believed that to get to the real root cause of any problem, you have to ask "Why?" at least FIVE TIMES.

Now... Take, for example: The Mortgage Meltdown of 2008.  (Although extremely racist, this exercise is a lot more fun if you read the following questions with a Japanese accent.) (And, yes, I know that I'm going to hell for that.)

WHY did the economy tank?

   (1) A lot of people were losing money on mortgage backed securities and the real estate bubble.

WHY were so many affected? (Or Why a was there bubble?)

   (2) A lot of bad and risky loans were being written by the banks.

WHY were the banks writing these loans?

   (3) They were making money from them. They were a huge source of revenue.

WHY were they making money off of them? (That's more of a HOW question, but it still works.)

   (4) The were combining them with other loans into securities and were able to break up and sell the resulting product at a higher rate than it was truly worth.

WHY were they able to sell them as more than they were worth?

   (5) Because the Bond Ratings Agencies were giving them AAA / Investment grade ratings even though they were hard too value, and no one knew what was really IN them.

Now...

Did you notice how I was able to go five layers deep without any real politics or opinion or partisan judgement coming into play? Of course, I can't go any farther without interjecting my own political "bias" (notice the "quotes" - I know that's just the bias of reality!) interfering with the analysis.  But there you go: Five "why's" got us down to a pretty good route cause, with statements that (1) Even the most blatant partisan could not really argue the veracity of (though some of the dumber ones will try) and (2) has no judgement, no liberal-this or progressive-that necessary to reach this route cause.  The mortgage meltdown happened because the ratings agencies inflated the grades of and overvalued these inherently risky assets. (If you're buying something and you don't know what it's worth or even what it really is? THAT'S RISKY. PERIOD!)

So I found it interesting, and I had to kick myself for not thinking of this myself the other day in my downgrade post, to read MMFA's take on the U.S. downgrade:

Attention Media: S&P Lacks Credibility

And it hit me like a thunderbolt!  Of course! These are the same clowns who basically, single handedly tanked the U.S. economy, into a deep recession that, while it ended, at leats officially, we are still reeling from the effects of, and are now heading into another one... THANKS TO THE VERY SAME PEOPLE!  They ruined Bush (not that he needed much help) and now they're ruining Obama (again, not that he needs much help!)

And yet the reaction by the Conservative media is all over the map!

CNN's Erickson Giddy About Downgrade Of U.S. Credit Rating

(what a rooting for failure scumbag!)

After Cheering Default, Bolling Laments Potential Effects Of Downgrade

Make up your fucking mind, you "Party of Personal Responsibility" HYPOCRITE!

Limbaugh Accuses Obama Of Orchestrating Decline Of America

Ok... I have to stop here, because this is just bat-shit fucking psychotic on multiple levels.  First of all... "Yeah... because nothing gets a President re-elected like a really shitty economy, huh Rush?" And second of all, in the plane of prime material reality, on the planet EARTH, there is not one scrap of evidence to suggest that this was orchestrated by ANYONE other than CONGRESSIONAL REPUBLICANS simply because they knew their Corporate Media would the the "right" story / Right's story and people would blame Obama. Not that they'd really needed the propaganda machine here anyway: Blaming the President for a shitty economy is practically the American Past time!

Nostradumbass Uses Downgrade To Claim Vindication Of His Conspiracy Theories

Well, whoopdie-do for your crystal ball, Glenn!  The Republicans have been trying to prevent recovery and orchestrate a full blown collapse since Obama took office!  The only risk you were taking in that bet was whether or not they would succeed!  (And we've know they would for some time, because Obama has all the spine of an invertebrate!)  Of course... given you infinite wisdom into these matters... why are you consistently wrong on who RESPONSIBLE for it? Who's REALLY destroying this country, Glenn?!  And what REALLY caused it Glenn?  What POLICIES? (I'll give you a hint: The start with "Aw" and rhyme with "Posterity.")

Yeesh. 

Yeah, it was a good "Media Matters Day" for me.  On my lunch break, of course. ;)

I also finished Chapter 11 (ironically, LOL) of Utopia today over lunch as well.  That puts me two Chapters ahead of what's posted so far, I just need to figure out how far to space out posting them. In any case, it's days like today that are my inspiration for writing it. Listening to these liars is one thing - makes me throw up in my mouth a little - but knowing how many glassy-eyed, brain-dead zombies there out there LISTENING to these frauds, and BELIEVING them...  It just drives me fucking crazy.  And Edward serves as an indulgence of those feeligns.  Days like today make writing that - especially knowing what's to come - really, really fun.

Evil, yes. (And if you don't see it yet, you will.)

But F-U-N!

The New "Deal"

So we’ve got a deal. (I guess. We'll see.)


And that’s good (I guess, we'll see) because I was planning out a “well, it was fun while lasted” -type post, lamenting our fall from our status as a great nation, and our new status as the trailer-park dead-beats of the world; basically the same kind of gun-toting, homophobic white-trash who don’t pay their bills that the Republicans rely on to get elected year in and year out. And I’m forced to wonder what the drama was all about. Apparently taxes aren’t going up – for anyone – and Social Security and Medicare are also safe - for now. A trillion in cuts over ten years is (apparently) planned, but I’ve heard that before. That’s theatre, nothing more. Seeing as how likely it is that some those cuts will have to implemented during a Republican Administration (either 2, 4 or 8 years from now) and given the Republicans propensity to complete forget about their fiscal principles of austerity and small government whenever they win the Presidency, I’ll believe it when I see it.

I’m also wondering what this new deficit commission will be able to do that the last 37 have not.

Whatever.

At the end of the day it was much ado about nothing on a tragically Shakespearean level. At the end of the day congress raised the debt ceiling, just like they did 11 times for Reagan, 7 times for Bush, and 74 times (if I'm counting right) since 1962 with nary a whimper. Not that the American public ever heard ANYTHING about ANY of those times – didn’t even know they HAPPENED – because, as Dick Cheney pointed out: Reagan proved that deficits don’t matter! (Yeah: WHEN YOU’RE A REPUBLICAN!)

And to think: Joe Lieberman was concerned that the cuts would affect defense too deeply!

*sigh*

That’s what you get when a Democrat thinks he’s a Republican. (Or is it the other way around?)

A Country facing default, Social Security and Medicare being threatened, deficits that are going out of control…

And he’s worried about defense spending that is currently double that of Russia, China, England and France COMBINED.

We’ll be safe, Joe. You great coward.

And what about the raw, naked, rampant, partisan, ROOTING FOR FAILURE on the part of the right here? I never put any amount of hypocrisy or unprincipled behavior past the right, but I truly never expected it would reach such absurdly transparent levels. And yet somehow? ONLY 60% of America is against the Republicans right now! I mean… THEY WERE LOSING SUPPORT OF BUSINESS LEADERS, FOR CHRIST’S SAKE! If BUSINESS LEADERS aren’t behind them, then WHO THE HELL IS?!

It’s insane.

My favorite – and one of the best examples of just how ignorant the average right-winger IS when it comes to all thins fiscal, monetary and economic – was probably Fox's Stuart Varney "Absolutely" agreeing with Andrew Napolitano that we don't deserve AAA Credit Rating as a nation.


Wow.

Way to hate your country there, Start! Can you IMAGINE what they’d be saying if a progressive had said ANYTHING even remotely like that?!

But here’s the thing…

A country’s credit rating is not based on its debt levels. Nor is it based on its economy. Nor is it based on their ability to balance a budget. All of those things (debt level, income, spending decisions) are what an INDIVIDUAL’s or a COMPANY’s credit rating is based on. But in a GOVERNEMENT’s credit rating, except in circumstances far more extreme than we’re facing now and likely will ever face, almost none of those things matter in the least. Why? Because Governments can do something that individuals and even companies CAN’T do when the cost of their debt gets too high.

RAISE TAXES.

Governments can RAISE TAXES! Individuals can’t do that! Companies can’t do that! And that’s why individuals and companies have to act very cautiously and very deliberately to maintain their good ratings. But governments? Can run deficits year an and year out, and have multi-years recessions and still have a AAA rating. And the reason is that, if they need to, they can RAISE TAXES to pay back their debts!

Now, in the mind of someone for whom that is simply unthinkable, I suppose I can see why they be panicking about our fiscal condition. But the only Government who DOESN’T deserve a AAA rating? Is one that is either unable or unwilling to raise taxes. If your population already pays an average 90% tax rate, and you’re still running up insane debts? FINE. YOU aren’t a AAA credit risk. If you raise taxes but (like Greece) have a national culture that simply doesn’t pay them anyway, as a point of pride, and in addition have lax enforcement existing of Tax laws? Then, yeah, you DEFINITELY don’t deserve a AAA rating. And, I guess, if you’re the kind of government that the average Fox viewer would be happy with – one that would never, under any circumstances, raising taxes including when their facing DEFAULT?

There’s no fucking way I’m buying your bonds!

Why would I?

You’d rather default than pay your bills? That’s not AAA! That’s TRAILER-PARK, DEAD-BEAT status!

But, maybe, just maybe, America will wise up to these hypocritical, self-righteous, uneducated, treasonous, traitorous, un-American SCUMBAGS on the Right is they keep routing for failure. It’s not likely, but I can dream, can’t I?

----------------------------------

(BTW… If I was more of conspiracy-minded person, I’d swear that this debt-ceiling “crisis” was cooked up just to bump the story Ruppert Murdoch’s criminal phone-hacking scandal off of the front page. Get us to forget about that. I don’t REALLY believe that, but it’s been a week or two since I’ve heard dick about it. Just sayin’.)

Yet another Bush era failure...

THIS, folks, is why you don't tie school funding to student performance.

Yet one more example of something that George W. Bush and the Republicans got their greedy little hands on that turned to absolute shit. Nice going, jack holes.

Given Rush Limbaugh's enlightened commentary on the matter, I would like to propose walking into his studio and beating him to death with his microphone stand. But then... I still need to post my bit about capital punnishment, so maybe that will have to wait.

(Hey Rush: Last time I checked those schools were in a pretty red state, kind of how you be if I'd had my 'druthers and society allowed it, you lying, hypocritical fuckwad.)