- Exxon Mobil sponsoring CNN’s broadcast of the VP debate last night, especially given that both candidates embraced the populist approach of bashing “big oil”. (1)
- Sarah Palin’s performance in the debate being considered a success because she was able to (mostly) complete coherent sentences. (2)
- When being smart and knowledgeable is actually a handicap to winning an election… Who knew?
- So, conservatives are conservative when it comes to the economy (favoring less government intervention), but not when it comes to social issues (favoring more intervention in the areas of women’s rights, stem cell research, gay marriage, censorship, etc.) Liberals are exactly the opposite, favoring more government oversight on policy, but less intervention when it comes to social issues. Thus, neither party can claim consistency in a truly conservative or liberal approach.
In the Economy
- In Rihanna’s hit song “Umbrella”, Jay-Z raps: ” No clouds in my storms / Let it rain / I hydroplane in the bank / Coming down like the Dow Jones…” Prophetic.(3)
- Wall Street bigwigs pushing for more government intervention in the market through the bailout. Yes, it’s necessary, but still, weren’t these the same guys who argued that Adam Smith’s invisible hand would solve all worries? Well, the invisible hand has struck.
- Even though the Republicans are supposed to be the pro-business party, the two wealthiest men in the U.S., Bill Gates and Warren Buffett, are Democrats. So is billionaire George Soros, Lloyd Blankfein (CEO of Goldman), Steve Jobs (Apple), and several other money-making businessmen too. So the argument that Democrats (and their policies) are totally anti-business may fall flat…
- While on the topic of the financial crisis, President Bush is the only president in history to have received an MBA… and from Harvard Business School no less. Bush most likely will fall into the same chute as Jeff Skilling (convicted CEO of Enron) when it comes to disreputable HBS alums.
In Everyday Life
- Non-drowsy Mucinex commercials making mucus seem cute. Talk about putting lipstick on a pig.
- The Jonas Brothers succeeding. How come Hanson flamed out ten years ago? Hmm…bop.
- The Tampa Bay Rays are in the MLB playoffs while the Yankees are sitting at home.(4) And the Rays made the playoffs a year after they got rid of the “Devil” in their name. Coincidence? I think not.
- Britney making headlines for a song, of all things. Where did all the K-Fed, hair-shaving, alcohol abusin’, baby mama drama go? I think I prefer that to her singing.
(1) If you were wondering, the Exxon Mobil PAC has contributed 87% to Republicans this year, vs. 13% to Democrats.
(2) Sidenote: When did we start celebrating mediocrity and requiring down-home folksiness as a path to the Presidency? Shoot, I haven’t prepared for this question… help! Maybe I can just wink my way out of this one. Or divert the question to something about energy… Think it’ll work? You betcha!
(3) “Umbrella” was released on March 29, 2007. Since then, the Dow Jones Industrial Average has fallen 2,195 points, or about 17%.
(4) Yankee payroll: $207m (#1 in Major League Baseball)… Tampa Bay payroll: $43m (second to last). In fact, the 3 other AL playoff teams are #4 (Red Sox), #5 (White Sox), and #6 (Angels) in payroll.