Reality-Based Engineering

Friday, November 07, 2008

Only 22% of all US Counties Were More Red

The maps tell it all...

Labels: 2008 Elections, Barack Obama, dailykos.com, Democrats, GOP, NY Times

Monday, September 08, 2008

Frank Rich on McCain Post-Convention

A most awesome read...best part about the on-line column is that they link to all the sources...

Labels: 2008 Elections, Barack Obama, John McCain, NY Times, RNC, Sarah Palin

Thursday, July 10, 2008

Prophetic NYT Article About Dubya

Copied over from TBP, since there's no known link:

Pricing in a Bush Presidency?
New York Times, July 9th 2000
(insert link)

"Stocks sold off again today as the markets is pricing in the likely impact of a George W. Bush presidency.

Since Bush has emerged as the polling leader in March, stocks have been hit hard. The NASDAQ has fallen 37%, while the S&P500 and the Dow are both down 20%, placing equities squarely in bear market territory.

Various Wall Street strategists have expressed concern regarding how a new set of Bush monetary and overseas policies could impact equities.

"My biggest concern is that the promised Bush tax cuts will be in extremely expensive. That would create huge deficits and be extremely inflationary" said Peter Leslie, a trader on the CBOT floor." Governor Bush has promised to reduce captial gains and dividend taxes, and lower the marginal rates on the nation's biggest earners. He has not explained how these tax cuts will be funded.

Maverick Capital fund manager Henry Carlyle is more concerned with government spending than Tax cuts. The Dallas resident stated "I have followed Governor Bush in Texas, and fiscal discipline is not his strong suit." Cabot expects a big increase in federal spending and budget deficits that will have ramifications for both inflation and an interest rates.

Vanguard chief John Bogle is more concerned with a lax regulatory environment: "A return to the sort of crony capitalism that we've seen in the past would wreak havoc with investor confidence. We need a strong SEC to make sure companies are transparent, and report their accounting fully and fairly. We should not throw the individual investor to a wild and woolly free market that is totally lacking in supervision." The Vanguard chief has long been a proponent of a strong regulatory environment for the protection of individual investors. "I do not see that sort of regime under a President Bush."

Robert Rubin, the Treasury Secretary under Presdient Clinton who retired last year to join the Board of Citigroup, focused on the Federal Reserve. "The next president needs to make sure that the Federal Reserve fulfills its obligations as bank supervisor. I am concerned that Governor Bush, as President, would move away from strict regulation of markets for ideological reasons." Rubin, a Democrat, warned of negative repercussions for the housing and financial sectors. "[Since joining Citigroup], I have been looking into the issue of derivatives. This is another area that requires close scrutiny from both the Treasury Department and the Federal Reserve. I see Bush lacking expertise in this crucial area."

Goldman Sachs chief investment strategist Robert Hormat, was even blunter in his assessment of a Bush Presidency: "I am looking for a market crash as a reaction to the election of George W. Bush. Investors should brace themselves for losses of 50% or more -- and even worse in the Tech sector -- should he be elected."

Legendary legendary oil trader T. Boone Pickens is more optimistic. "We should expect several military conflicts in the Middle East under President Bush, and while this may not be great for the economy it will be terrific for my energy holdings." If Bush gets elected, Pickens plans on opening a new oil based hedge fund, and is forecasting 100% increase in the price of oil to $40. "I'm an Oil, George is an Oil man, and his VP Dick Cheney is an Oil man. I expect energy returns to significantly outperform equity markets over the next eight years" he said."

Here's another blast from the past about how Oil&Gas spent a lot on getting W elected. Apparently, it's good for profits, dont you think? Not even a million dollars invested in W, and ExxonMobil does HOW many billions in profits PER MONTH??

Labels: 2000 Elections, Cheney, dubya, economy, energy policy, NY Times, The Big Picture

Saturday, April 12, 2008

NYT Sunday Mag Article About Matthews

Labels: Chris Matthews, NY Times

Monday, March 31, 2008

Brooks: Hillary's Slow Spiral To Defeat

Hillary Clinton may not realize it yet, but she’s just endured one of the worst weeks of her campaign.

Barack Obama weathered the Rev. Jeremiah Wright affair without serious damage to his nomination prospects. Obama still holds a tiny lead among Democrats nationally in the Gallup tracking poll, just as he did before this whole affair blew up.

Second, Obama’s lawyers successfully prevented re-votes in Florida and Michigan. That means it would be virtually impossible for Clinton to take a lead in either elected delegates or total primary votes.

Third, as Noam Scheiber of The New Republic has reported, most superdelegates have accepted Nancy Pelosi’s judgment that the winner of the elected delegates should get the nomination. Instead of lining up behind Clinton, they’re drifting away. Her lead among them has shrunk by about 60 in the past month, according to Avi Zenilman of Politico.com.

In short, Hillary Clinton’s presidential prospects continue to dim. The door is closing. Night is coming. The end, however, is not near.

Last week, an important Clinton adviser told Jim VandeHei and Mike Allen (also of Politico) that Clinton had no more than a 10 percent chance of getting the nomination. Now, she’s probably down to a 5 percent chance.

Five percent.

Let’s take a look at what she’s going to put her party through for the sake of that 5 percent chance: The Democratic Party is probably going to have to endure another three months of daily sniping. For another three months, we’ll have the Carvilles likening the Obamaites to Judas and former generals accusing Clintonites of McCarthyism. For three months, we’ll have the daily round of résumé padding and sulfurous conference calls. We’ll have campaign aides blurting “blue dress” and only-because-he’s-black references as they let slip their private contempt.

For three more months (maybe more!) the campaign will proceed along in its Verdun-like pattern. There will be a steady rifle fire of character assassination from the underlings, interrupted by the occasional firestorm of artillery when the contest touches upon race, gender or patriotism. The policy debates between the two have been long exhausted, so the only way to get the public really engaged is by poking some raw national wound.

For the sake of that 5 percent, this will be the sourest spring. About a fifth of Clinton and Obama supporters now say they wouldn’t vote for the other candidate in the general election. Meanwhile, on the other side, voters get an unobstructed view of the Republican nominee. John McCain’s approval ratings have soared 11 points. He is now viewed positively by 67 percent of Americans. A month ago, McCain was losing to Obama among independents by double digits in a general election matchup. Now McCain has a lead among this group.

For three more months, Clinton is likely to hurt Obama even more against McCain, without hurting him against herself. And all this is happening so she can preserve that 5 percent chance.

When you step back and think about it, she is amazing. She possesses the audacity of hopelessness.

Why does she go on like this? Does Clinton privately believe that Obama is so incompetent that only she can deliver the policies they both support? Is she simply selfish, and willing to put her party through agony for the sake of her slender chance? Are leading Democrats so narcissistic that they would create bitter stagnation even if they were granted one-party rule?

The better answer is that Clinton’s long rear-guard action is the logical extension of her relentlessly political life.

For nearly 20 years, she has been encased in the apparatus of political celebrity. Look at her schedule as first lady and ever since. Think of the thousands of staged events, the tens of thousands of times she has pretended to be delighted to see someone she doesn’t know, the hundreds of thousands times she has recited empty clichés and exhortatory banalities, the millions of photos she has posed for in which she is supposed to appear empathetic or tough, the billions of politically opportune half-truths that have bounced around her head.

No wonder the Clinton campaign feels impersonal. It’s like a machine for the production of politics. It plows ahead from event to event following its own iron logic. The only question is whether Clinton herself can step outside the apparatus long enough to turn it off and withdraw voluntarily or whether she will force the rest of her party to intervene and jam the gears.

If she does the former, she would surprise everybody with a display of self-sacrifice. Her campaign would cruise along at a lower register until North Carolina, then use that as an occasion to withdraw. If she does not, she would soldier on doggedly, taking down as many allies as necessary.