NEBRASKA BLUE

Change Congress has been going after Ben for his foot dragging on Health care reform.

http://action.change-congress.org/t/3392/content.jsp?content_KEY=2565

That plus his latest tactic of using right wing talking points about “Activist Judges”  is not endearing him to Nebraska Progressives.    of course all the good little Democratic party wonks here locally just shrug and say Ben has to stay in the middle to keep his seat.   

BULL…   Nebraska is now a left centist state.   The two largest towns (lincoln and Omaha)  which comprise more than half of hte population in Nebraska are governed by Democratic Mayors and City Councils.    If  Ben loses the support of the local Democratic Base, his career will be circling the drain.

I mean whats the difference if the GOP gets one more do nothing goober elected from this state, if Ben is going to vote exactly like Adrian Smith or Mike Johanns would?

The people of Nebraska deserve forward looking and competent leadership on fixing our utterly broken health care system, and if Ben isn’t going to lead the way, then he needs to go.

The local Democratic party and members would be better served by using resources to replace some of our famously ineffective Representatives in the House instead of sending Ben back to DC for another term.

The grass roots Nebraska Dem’s are pissed at you Ben, you got some splainin to do….

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The GOP talking heads have now used every possible nasty untruthful smear they can pull  from thin air against  Sonia Sotomayor.  About the only way they have left to step up the noise is to trot out John McCain and have him bust out the C word on her.    Considering how badly they are flailing around it is no surprise they are letting Newt Gingrich lead the charge against her.   Further proof they have nothing at all to really say.

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With the addition of two new Democratic Leaders to the City council of Lincoln.

Gene Carrol and Jayne Snyder…      The Democrats now rule the roost.

our Mayor should find it much easier to make progress now.

P.S.   – A side note to Ken Svoboda who whined like a two year old about his fourth place showing which made him lose his seat -  The onesingle reason you LOST, is because your main claim to fame in Lincoln is that of a Guy who cannot even run his own business properly and lawfully without screwing up,  and the PEOPLE of  Lincoln no longer want to give you the chance to screw up THEIR money and business.

Go back to mowing lawns, Ken…

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Timmeh Geithner’s Stress Test got leaked to the press…

As we figured , pretty much ALL the banks are hollow Zombies.

1.   Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. ((Based upon the “alternative more adverse” scenario which had a 3.3 percent contraction of the U.S. Economy in 2009, accompanied by 8.9 percent unemployment, followed by 0.5 percent growth of the U.S. Economy but a 10.3 percent jobless in 2010.))

2. Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans. ((Without further government injections of cash))

3.  If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.

4.  Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.

5.   Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular – JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank – taking especially large risks.

6.  Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital! ((HSBC is NOT in the top 19 banks undergoing a stress test, but is mentioned in the report as an aside because of its risk capital exposure to derivatives))

7.   Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts!

The above courtesy of the Automatic earth .

90 Percent of the banks in this country are in serious trouble.

A few of the big ones are going to die, there is no way to save them, we simply do not have the money nor political will to do so.

The million pound gorilla that is sitting on  them is all those CDO’s and CDS’s which STILL have not been unwound nor dealt with.

Things are BAD, and they are going to get worse unless someone in Washington DC takes away the reins of power from the bankers.

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Shit flinging howler monkeys.

Nuff said.

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You can’t make this stuff up , really!

Nationally and even here locally a tiny handful of the bat guano crazy sect  of the extreme right is going to hold “Tea Bagging” parties…    

Perhaps they are clueless to what Tea Bagging means…?    

Better yet picture this visual…      Hundreds of crazies lined up laying down on the ground in a line while a circus elephant squats down and rubs his genitals on their foreheads one after another.

That’s about what this amounts to… 

This whole thing is being serverely MOCKED and laughed at in the press and blogosphere, well except at Faux News where insane doucheboy Geln Beck is cheerleading this newest insanity.

You can watch Rachel Maddow report on it here  -

Who else is leading this assault on sanity….?    Well David “Diaper Boy” Vitter  – the loonie Congressman from Louisiana is one, and  Michelle “Bug eyed Moon bat”  Malkin is another.

Here locally you can probably expect to see the Nebraska State Treasurer  Shane Osborne  and State Attorney General  John Bruning to be all excited to join this circus troupe of tea baggery!   Since both of them fully embrace the ultra far right loonies of the GOP already.

The funny thing is, this latest round of crazy meaningless bull crap from the GOP as they flail around in complete failure, will go over about as well as the “We surround them” craze did a month ago, which is to say it will get about 10 minutes worth of media coverage anywhere but on Fox news ,  and then crawl away and dies, as the laughter from  the majority of American’s ring in their ears..

The Bat Guano crazy wing of the GOP still doesn’t get it…

MOST of this country see’s them for what they are, certifiable tin foil hat wearing loonies, not to be trusted with power, money or sharp objects.

P.S.  Have fun Tea Bagging each other….  While the rest of the country splits it sides laughing at you.

Tags: Fox News, Glenn Beck, John Bruning, Michelle Malkin, Shane Osborne, Tea Bagging, Tea Party
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Where in the GOP takes every word that could be used to describe them, their policies and their history of Mis-leading this country,  and then they accuse the Democratic Party of all of those things.

Think of it as a screaming match with a four year old child, and the child is yelling “No I am not, you are”! 

Let’s explore some of these GOP buzzwords:

Moonbats (as in Bat Shit crazy) – Lets see, Michelle Malkin, Michelle Bachman, Jim Bunning, Sarah Palin, Chucky Norris, Mike Huckabee,  AND and the big fat guy that does the Jabba the Hut imitation on radio every day – I forget his name but you know who I mean.

Big Government that doesn’t work -  Anyone remember the last eight years?  Enough said.

Big spending Democrats -  Wow, before Georgie and friends blew up the national debt by 5 TRILLION dollars, he was handed a SURPLUS. So much for that lame claim.

Democrats are bringing about Socialism – I love this one…  Giving massive hand outs to super rich companies that drove themselves into the ground isn’t Socialism?   The massive redistribution of wealth to the top ten percent of people in this country for 30 YEARS while the middle class got NOTHING, well that sure looks like Socialism for the ruling class to me and darn near everyone else in America.   Supported by and for the rich and their lobbyists that bought the GOP on the cheap.

Obamabots / Can’t think for themselves. -   This is completely laughable,  the one thing most any Democrat does is question policies and leadership.  The first time a Republican has an original thought, the group slaps him/her up side their head and shoves them back into the line.  Their policy of backing ANY Republican no matter how BAD,  is exactly  what made us end up where we are today,  stuck in two wars with an economy in tatters with record debt and unemployment.  Part TWO of this answer also lies in the fact that the GOP still lines up daily to let Rush stick his dick in their mouths. Dittoheads indeed.

Lastly in the vein of “It’s ok if you are a Republican”  in honor of Rep. David Vitter (LA), the word diapers will no longer be used by Republicans,  the proper phrase is now “Freedom Pants”. (Hat tip to  Moviebuff at DKos for this).

I will update this post as more cute false buzzwords are thrown out there by the GOP as they flail about in their orgasm of NO, NO to everything! 

Cheers!

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From Faux news… Where there is ALWAYS Crazy going on, but even this is WAY over the top.

And next up, EVERYONE’S  favorite – Michelle Bachman!  The Godzilla of GOP Moonbats!

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I guess that what it really should be called.

Instead of TARP III or whatever silly name they devine by throwing the chicken bones, which is what they seem to doing these days at the Fed and Treasury.

Little Timmeh’s idea of using Non-recourse loans given to hedge fund companies to help them buy the big crap pile of toxic assets clogging up the big banks is NOT a good idea.  

That and the idea that one of the already noted companies that will be involved in this fiasco is PIMCO, one of the worst abusers of  Credit Default Swaps.

I am with Paul Krugman on this one, as in this is not going to end well.

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Nebraska Blue is STILL undergoing new construction, check back in a bit to see it more functional….

Tags: Announcements, Uncategorized
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