Friday, February 25, 2011

In the immortal words of Sheriff Brody...

It's an Iconic quote. And it may become so again for far different reasons:

Malta's Valletta Harbor was full of EU warships from France, Germany, Britain and Malta. The port is known for its cruise ships, and tourists were busy snapping photos of the warships, while air forces from all around the EU, including Germany, Ireland, Austria and Britain, are holding ground in Malta.

President Obama has been under intense criticism for his muted response to the bloodshed in Libya, with speculation that Colonel Gaddafi had intimidated the White House into silence by blocking the evacuation of U.S. citizens.
And last night, while the Dolores remained stranded, the president enjoyed a White House pop concert in celebration of Black History Month.

Tony Munoz Editor of shipping magazine The Maritime Executive said: 'I don't understand why this vessel didn't leave earlier - The Maria Dolores is a new vessel built for Mediterranean seas.

'I can only imagine the captain was refusing to sail because he felt the vessel was not capable enough of taking the sea on.
Speaking to MailOnline, Mr Munoz said that there was no comparison between the 68 metre Dolores and the 204 metre Hellenic Spirit, used by the Greek government to evacuate its citizens from Benghazi.

'The U.S. needed to charter a bigger boat like the Greeks' he said.

'The fully hulled Spirit will be more durable outside a port, this much bigger vessel could take the rough seas on.

'There is no question about it, they [U.S.] should have been out of there long ago - why haven't they chartered a bigger boat like the Greeks or Turkish.

'At the very least, the government should have had a larger back up vessel on the way.'

Who put these clowns in charge of the country anyway?

Just for fun, here is Martin Brody in all his shark-hating glory:

The Lady in Red

It's perhaps the most mind-blowing quote I've seen in quite some time. This entire episode comes to us courtesy of

As background, this little adventure took place earlier in the week in Denver as local unions stormed the streets in solidarity of their brothers & sisters in Wisconsin. Our friend in red got in the face of Black Republican Leland Robinson:

Next, this lady in red rudely got in Robinson’s face.
Lady in red: “I asked you a question: Do you have any children? That you claim, that you claim.”
Robinson: “Do I need children to understand what’s going on?”
Lady in red: “You need children to understand education.”
Robinson: “No I don’t.”
Bystander: “What did you mean when you said does he have any children that he claims?”
Lady in red: “Because he’s such a free spirit and an entrepreneur, I would assume that he’s not supporting children. …
(To Robinson:) You are a big-mouth take-care-of-yourself man. You don’t care about anyone.”
At this point, police interceded. Seeing a lone black man being shouted at by union goons, they decided it was better that he joined the tea party protest at the bottom of the stairs, where he would be safe.

Nothing to see here beyond some average, run-of-the-mill Union ridiculousness, right? And where's this mind-blowing quote? Well, for that we need actually to back up a bit:

At this point, an aggressive woman with a purple SEIU shirt assailed Robinson with a flurry of insults.

“That’s your problem. You’re an entrepreneur, so you don’t work. You don’t know what work is until you get into an educational area. … You’re uneducated, unethical, immoral, and you don’t know what life is. That’s your problem. Why don’t you go behind that fence where you belong? Why don’t you go back with your own kind?” She said this indicating towards the bottom of the Capitol Steps, where a couple of hundred tea partiers were gathered listening to speeches.

You're an entrepreneur, so you don't work. Unfortunately there is no picture of this sage, the speaker of truth about all-things entrepreneurial. A shame; I've always wanted to see what exactly the face of stupidity looks like.

They Used to Call it Stagflation

Now they just wish it away.

Yesterday, the Rocket scientists in the White House had this to say about the recent surge in Oil prices:

Higher oil prices caused by unrest in the Middle East and North Africa are not at a level where they would derail the U.S. economic recovery, White House economist Austan Goolsbee said on Wednesday.

"Thus far, they're up, but we're not forecasting -- and you haven't seen the private forecasters forecasting -- that at these levels they would derail the recovery," Goolsbee said in a conference call discussing the president's annual economic report, which was released on Wednesday.

Meanwhile,later in the day some folks who've actually taken a Macro-Economics course and--even more importantly live and work with the rest of us in the real world--noted the effects that are already seen:

Rising energy prices threaten the global economic recovery, a big reason the stock market and prices of non-energy commodities have tumbled in recent days. Economists estimate each 1 cent increase in gas prices takes $1 billion out of consumers' pockets, making it the ultimate "tax" on Americans already struggling with high unemployment and falling home prices.

Here's a sample of how higher energy costs are hitting consumers from a variety of angles:

Gasoline prices: Average prices at the pump rose to $3.23 Thursday, the highest level since September 2008, according to AAA. Gas prices have jumped more than 7 cents per gallon in the past week and have already risen more than 7% so far in 2010, or about 30 cents per gallon.

Heating Oil: U.S. heating oil futures hit their highest level since late 2008 Wednesday ahead of key inventory data due out today. With much of the country suffering through a winter of extreme cold and frequent snowfall, there's no relief in sight for homeowners on the heating front.

Airfares: Airlines have already increased their fares four times this year vs. just three times in all of 2010, The NY Times reports. For every dollar that the price of oil rises, airlines face $1.6 billion in increased costs, Giovanni Bisignani, director general of the International Air Transport Association said in a speech in Tokyo earlier this week.

Your 401(k): Thanks to a two-year rally in financial assets and continuing contributions, the average balance of 401(k) managed by the Fidelity hit the highest level in 10 years, the mutual fund giant reported earlier this week. But that was before the Dow suffered its worst two-day decline since August; stocks, which still make up the bulk of most 401(k) plans, appear headed for another losing session Thursday.

Food prices: Higher transportation costs are likely to keep upward pressure on global food prices, which have risen dramatically in recent months. There is concern the unrest in the Middle East will prompt governments around the world to horde food supplies and raise subsidies in order to keep local food prices down and preempt unrest. However, wheat, corn and soybean prices have fallen sharply in recent days as the geopolitical uncertainty has spooked commodity speculators.

The Dollar: You might think higher energy prices would get the Federal Reserve worried about inflation, but that's not how Ben Bernanke is likely to see it. In fact, the threat higher oil prices pose to the economy might make the Fed more likely to keep rates at zero and embark on another round of quantitative easing (a.k.a. QE3). That's one reason the dollar is falling this week vs. other major currencies such as the euro, Swiss franc and yen.

In other words, just as American consumers face higher prices for necessities like gas and heating oil, the dollar literally doesn't go as far as it used to. With wages stagnant for most workers, that means this oil spike is going to be even more painful.

It's that last couple of lines that should scare the spit out of people...

  • Better Living: Thoughts from Mark Daniels
  • Evangelical Outpost
  • One Hand Clapping
  • Camp Katrina
  • TPMCafe
  • Dodger Thoughts
  • Boy of Summer
  • Irish Pennants
  • tabletalk
  • Fire McCain
  • My Sandmen
  • Galley Slaves
  • Michelle Malkin
  • myelectionanalysis
  • Iraq the Model
  • Mystery Pollster
  • A Bellandean! God, Country, Heritage
  • Right Truth
  • The Fourth Rail
  • Counterterrorism Blog
  • Just One Minute
  • Broken Masterpieces
  • Kudlow's Money Politic$
  • Econopundit
  • Tapscott's Copy Desk
  • The Blue State Conservatives
  • Palousitics
  • Christian Conservative
  • Outside the Beltway
  • The Belmont Club
  • Froggy Ruminations
  • The Captain's Journal
  • Argghh!!!
  • Chickenhawk Express
  • Confederate Yankee
  • Reasoned Audacity
  • Taking Notes
  • ThisDamnBlog
  • Three Knockdown Rule
  • Dogwood Pundit
  • Dumb Looks Still Free
  • Unfettered Blather
  • Cut to the Chase
  • Alabama Improper
  • Austin Bay Blog
  • Michael Yon-Online
  • The Trump Blog
  • A Lettor of Apology
  • GM Fastlane Blog

  • Powered by Blogger

    Listed on BlogShares Who Links Here