Wednesday, December 31, 2008

If an idiot speaks in Committee and nobody reports on it, is he still wrong?

Right about now there are hundreds of thousands of drunks snaking their way through the streets and railways of New York City on their way to morning hangovers and foggy memories of already broken New Year's resolutions. You Tube will be awash in green highlighted raccoon eyed partiers captured on the night vision HD camcorders that fell off Santa's sleigh in Harlem and made it under Christmas trees in time for Tiny Tim to hobble to Times Square to see the baby New Year's annual single testicle drop.

Papers, blogs and Television are running their annual best of lists and making predictions about the coming year. The predictions will be about as accurate as a night shift Minnesota ballot counter whose Starbucks gift card has been depleted and the lists are so self-aggrandizing they make Puff Daddy seem modest.

As one who prefers to jump on wagons sans band I looked at the past year to find the stories not covered. Stories that, for reasons known only to tingly legged journalists and pundits, weren't deemed important enough for 24-7 missing housewife type coverage.

The media under-reported Bush's achievements in fighting Aids in Africa, the weakening of private property rights through court decisions, Democratic Congressional scandals and K-Feds seminal creativity in yet another media savvy coupling.

We are about to be launched down a slope of government spending so steep it would cause mountain goats sphincters to pucker like a starlets Botox laden lips. As the soon to be launched bailout of January 2009 swells faster than Opera's ass, the quote that should be played over and over and over and over again is this...

"I think this is a case where Freddie Mac (FRE) and Fannie Mae (FNM) are fundamentally sound. They're not in danger of going under…I think they are in good shape going forward." —Barney Frank (D-Mass.), House Financial Services Committee chairman, July 14, 2008

We are trusting guys like this with our future?

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