Lunch Break - Enjoy yourself, it's later than you think.

First the L.R. Tweet Hall of Fame Inductee for May 5, 2009:

Just got dat underwater ipod adaption device jammy
so I can hear music unda water, I b aqua jammin

By a close reading of this author's tweet we can appreciate his ability to incorporate all aspects of modern mans' existential pain. His disconnection from both society and himself is made clear as he expresses relief at being able to technologically escape from the numbing noise of banal human interactions, while returning to the safety of the womb by "aqua jammin" This is a fine addition to the L.R. Tweet Hall of Fame. The author is a tweeter named "Shaquille O'Neill", an American, and given his artful use of language is probably of Irish decent as his last name would imply.

Is the new Depression is a big dud or will it come roaring back in the Fall with the pig flu?
The Bottom: Kunstler is happy...sort of. But not really.
While the press was stuffed up Barry's ass all winter: China has canceled US credit card
Uppity lays it out: A list of failed banks...with wicked funny pic of a kitten as well!

After chapter 10 comes...Bloomberg: GM Bankruptcy Probable
NY Times takes a moment to publish something useful: The nation's debt clock is ticking faster than ever

Send lawyers, guns and money. Check that - skip the lawyers..."It's been a very good year for dealers," said a rifle dealer who did not wish to provide her name. "There's a lot of concern out there about everything. Better safe than sorry."
Fall of the Malls: The other shoe is dropping.

And now something completely random that I've been meaning to say: Okay I said it last night but why not again? Tamerlane's piece really reminded me of how much I HATE PRAIRIE HOME COMPANION. It's Hee Haw for Liberals. Phew! I am so glad to get that OUT...again.

My LA snapshot of the day here.

GM meets the Twitter President.

What is it about Obama's public disposal of GM's CEO that bothers so much? It must be the word "public". The man seems utterly incapable of not going before cameras to trumpet his every move. He's the twitter President, forever blasting us with his marginalia. In less than two weeks he's been on Leno, 60 minutes, Face the Nation, held a prime time presser, held a "virtual" town hall - in which the people chosen to be in HIS presence where all hand picked Obama nutters - lined everyone up for his Afghanistan announcement Friday, and today, he made his king like pronouncement about GM. The guy never met a TV camera he didn't like.

I grant you, the GM fiasco is not marginalia. I have no sympathy for Rick Wagoner - or GM for that matter. Obama's dismissal of a company's C.E.O. - a badly run company that is beholden to the American taxpayer - is a startling moment. BHO's power play may be justified. We did bail them out last fall. Still it smacks of a double standard all around -followed by a public "virtual" execution to assuage a citizenry in an increasing state of rage.

Just 2 weeks ago the government went begging for the obscene AIG bonuses to be repaid. Bonuses all the clowns who did the screaming knew about - or should have. The always questionable David Sirota makes a good point today: not only is the president not demanding the resignation of bank CEOs, he's actually hosting them for photo ops at the White House. Sure, I know some bank CEOs resigned a few months ago under shareholder pressure, but the Obama administration has never publicly demanded such resignations of the current management that is making the problems worse, nor the resignation of management at the biggest firms (Goldman Sachs, BofA, etc.) that are still in place.

TARP money thrown down the rat hole amounts to 700 billion so far. Krugman has called the banking trillion "Cash for Trash". That's our cash for their trash. On the other hand, GM got a 14 billion dollar loan. GM actually employs workers. The President is unwilling in the extreme to take over toxic banks but has , in effect, nationalized GM. GM belongs to Obama now.

Wagoner had to go. My questions about this are:

Did Obama need to do the "I'm the Boss Now" dance on television today?
How far into the private sector is the Executive branch going to go?

Late Lunch Break

Manning the Barricades: Short form of Economist Intelligence Report on potential social upheaval here. With option to read it all. Thanks to S. in Rapid City for the forward. (My mother's side all hail from the Black Hills...FYI...major soft spot for entire area. )

I (don't) want to live in Chimerica! More on the "not so poor anymore" Chinese, and the "not as rich as we think we are" Americans here.

The Big Tent (city). Tent cities popping up in Big and Small towns alike.

My Take: Like the Banks, we must let automakers fail. What sickens me about today's Car Coup in D.C. is that Obama's Treasury was willing to let AIG stooges get bonuses, covering it up with faux rage - but BHO is demanding concessions from the auto workers union. Screw that. Let the banks and GM FAIL.

Wii Kill? Man dies suddenly after playing Wii fitness Game.

Quote:

The Bible contains six admonishments to homosexuals and 362 admonishments to heterosexuals. That doesn't mean that God doesn't love heterosexuals.
It's just that they need more supervision.

Lynn Lavner

MUSIC: Go on - lunch (and a few other things) is almost over ...Sing! Dance! Knock something over. Kiss a sexy Puerto Rican!