Before reading this, please promise me that you will read “Larry Kudlow, sir, please stop being a liar fuckhead“. It’s a matter of national importance that the American people understand the cost and risk implications of Kudlow, McCain, and the Republican Party’s position on domestic oil exploration (drilling at ANWR, US offshore, and the like). The Republicans preach free markets, but are attempting to deceive YOU TAXPAYERS into paying for the extremely expensive ($5 TRILLION) continuation of the fossil fuel economy. It’s so massively expensive that the oil companies cannot afford to pay for it on their own.
I woke up to find Steve Forbes on Squawk Box and the first thing on my mind was a mental over / under on when the words “tax cut” (for him, not for you) would come out of his mouth. This guy doesn’t only look like a tool. Instead, however, he somehow managed to attribute the slide of General Motors’ stock price to their lowest levels in 50 years to the Federal Reserve. Now, I have not been a big fan of the Bernanke Fed, but dude, how about the fact that GM has been making crappy cars (like the Chevy Vega on the left) for fifty years? How about the fact that GM has been making such crappy cars over fifty years that American car consumers have had little choice but to send boatloads of dollars to Japan for basic transportation that doesn’t leave them stranded on the Interstates? Why don’t you, Four Eyes, spread a little blame on GM, Ford, and other American corporations for the ponderous US trade deficit and the resulting weak dollar? Heck, why don’t you blame us American consumers? As a former Republican, I never appreciated how much Republicans bitch more than welfare mothers and the other disenfranchised about the government…their own Republican-controlled government, mind you, run by a President from their own political party who - by the way - appointed the current Fed Chairman Bernanke! Let’s not forget that the only reason why the inflated stock market remains inflated is the Federal Reserve’s reflationary monetary policy and government bailout of Bear Stearns, which – again, oh by the way – were intended to preserve the economy long enough such that the incumbent party, the Republican Party, stays in power. Sorry, Four Eyes, there is no corporate entitlement program that will provide a good economy and a healthy stock market, not even for the rich. Ultimately, you have to think hard and work hard for prosperity, and I don’t mean by your mental (and otherwise) masturbation to supply-side economics and the flat tax.
Before I move on to Joe Kernen, I must say that Becky Quick is looking a little awful these days. No, I don’t think the rumors are true. But if she doesn’t watch it, Rebecca “Becky” Quick just might slide further down the Real-Time CNBC Babe Rankings, or even lose her current crown as the hottest flat-chested chick of all time. Yes, Becks, I know that I have put a lot of pressure on you recently with the rankings, flat-chested supremacy, and all, but I only go by what the search engine terms tell me. Poor thing.
Oh, I should also mention that Dennis Kneale worked for Forbes so I can put this post in the “Dennis Kneale is an idiot” category. Yay, I know you peeps love that! I will avoid watching CNBC the rest of today (lots of work on my plate) and thus will miss the Dennis Kneale idiocy that lurks ahead. I am sure Dennis Kneale is feeling particularly wide-eyed (or wild-eyed to you search engines) optimist and bushy-tailed moron with his former master in the studio.
Finally, is Joe Kernen purposely venturing further into dumbfuck territory? Kernen keeps referring to the Democratic Party as “the Left”, making it sound like the Communists or European Socialists or even the Sandanistas (remember them?). Joe Kernan (I use both spellings for the search engines), I hate to break it to you, but the Democratic Party is probably now the most right-wing conservative party in the world today, with the Republicans devolving into the weird, desperate, spend-happy, corporate-welfare, deficit-running, petrosocialist crackhouse that Pat Buchanan predicted it would become with the influx of neocons. See my first paragraph above. I posit that Ronald Reagan would switch back to his original Democratic Party if the great man were alive today. Anyway, during the segment with Quadrangle Group private equity guru and Democrat Steve Rattner (left), Kernen said, “Typically, um, businesspeople are, are more supply side…uhh, low taxes…uhh, low protectionism…um, the things that you associate perhaps with…uhh, with Republicans. You’re more active in Democratic politics. How do you…Are social issues that much more important?“ Social issues? Do you think a Democratic point of view is about social issues, you simpleton? Not every smart capitalist bought into David Stockman as the end-all and be-all on how to run an economy and create prosperity, you fool. Every economic theory and policy has its limits, its diminishing returns. The trickle can get too small. This is essentially how Rattner responded, but see for yourself. Skip forward if you wish to 5:50 where the schooling of Steve Forbes and Joe Kernen begins.
[UPDATE, August 1, 2008: Good grief, take a look at this.]