McCain to save the day

.... Sounds like instead of trying to attempt to buy the bonds at a market price. What the Republicans want to do is have you insure the bonds.

-- Benjamin Franklin

"We must hang together, gentlemen...else, we shall most assuredly hang separately."

More Wall Street Fat Cats Go down!

Bill Heard Enterprises Inc., one of the nation's larger Chevrolet retailers, went out of business on Wednesday, the latest victim of turmoil roiling the domestic auto industry and its vast dealer network.

....

A slew of domestic-brand dealers have been forced to close by the combined impact of tanking truck sales, soaring fuel costs and the national credit crisis.

...
Domestic brand dealers across the U.S. are becoming increasingly strained as Detroit's auto makers and their once-profitable financing units move quickly to cut losses, making it tougher for customers to get financing and more expensive for dealerships to operate

.

Yep.... Sons of Bitch WALLSTREET FAT CATS.

There is a factor of car companies being stupid, I'll admit.... I keep trying to point out that wall street has taken a ton of lumps. This stuff Trickles down to main street. There are now a few thousand Auto mechanics, and salesmen without jobs.

But.... yep We will show these Wall street fat cats.

The 40 year flood

The 40 year economic flood...

In 1971, Vietnam and unpopular president.... We decided to punish the "fat cats" who ran the companies and were taking advantage of us. In reaction our legislative branches implemented "price controls" which Caused an economic death spiral of price/Wage spirals, in a feedback loop that pushed us through 10 years of what was an economic depression. from 1971-83

It is these Misguided, Populist reaction to a crisis.... is what causes the 40 year flood.

to not realize "The fat cats" and the economy and your job... are disconnected.

You know I can't get through a day without giving an update

Well.... we are back to the edge of the cliff. Looking over.... Thinking about jumping.

Credit markets aren't good today. it's all about what happens over the next 5-7 days.

President Hoover is going to address everyone..... That is super scary... I wish he would throw himself onto his sword.

So, this "rescue package" for our economy... is going to cost you $3000.

What are you going to get:

We are buying assets, and besides the assumption that we will buy a bag of empty rocks, we will be able to resell them possibly at a profit. Some suggest treasury borrows at 3% and some say the federal government could make 15%. Net profit 7%,

Well there are chances it won't cost you a dime For that $3000 you could end up making Money in the long term.... that is optimistic... we all know how government works.

there are people who say it's all a conspiracy to skrew you.

Here is what else you get:

Pilgrims pride, needs to raise some short term money right now. And can't do it. Today the shares were halted. without that short term borrowing, they will be unable to pay employees and could Collapse as a company in the next weeks.

Yep those Wall street fat cats, that put chicken in packages and sell it to you at the Grocery store...... Yep... Those "WALL STREET FATCATS" selling you chicken... need to be punnished right?.... Well there are a few thousand more people that won't be able to pay their bills.

Well we will show them.... Damn Fat cats working in a Chicken processing Factory Pulling feathers off of chicken...... YEP..... MAKE THEM PAY....

Just this week it announced it was cutting 100 jobs, in addition to 600 positions that have already been eliminated at its El Dorado, Ark., plant. The move, the company said, was to help shore up costs and return to profitability.

If the creidt markets lock up this will only be one of the first, it will spread like a plague.

This stuff scares me..... I think we could honestly cut off or noses to spite our face. We could all do it just to screw President hoover..... All because he comes off like the little boy who cried wolf....

well the wolf is here, don't doubt it.

Warren Buffett said we were lucky to have Paulson as treasury secretary..... But what does Buffett know. "He is just one of those Wall street fat cats, trying to skrew us."...

The market

I know I'm beating this like a dead horse. I'm a complete socialist. What is going on is very important.

There is so much populist sentiment. People need help.

People think about "The market" as stocks. This Crisis is not about stocks, Though if you help the problem. The result is to help the companies in this country that provide jobs. But this is not important. I don't care if Pepsi benefits.

There is an entire different part of the market called the credit market. Part of how it works is like this:

A company like, REI goes out to the credit market, and borrows 200 million for 2 years, to build a new store, that store provides jobs for people like you and I Gets us health care etc. After 2 years they may go out and borrow more money to start a new store, or they still need 100 million to keep business going.

What is going on, is that that credit market is trying to stop. There is no confidence in that system. So, what will happen is that When REI comes back to borrow money to stay in business. They can't do it. there is no money to borrow. So.... What do they do? Close stores.

That company closes stores, then it's employees can't pay their bills. This causes more pressure on the economy. More companies close, More pressure on the economy, More companies close.

The second important part of that market is that it's used to provide you with Credit. The loan on your home, was processed through that market, The credit card in you pocket is processed through that market. If that Market locks up, Nobody will be able to buy a home for a while. and worse you could get a call from the credit card company.. "Sir, we have closed your account. You will no longer be able to borrow any more.". You may not be able to borrow money to buy a car. Small business loans will be hard to get.

SO... as much in support of "POWER TO THE PEOPLE" and kill the Fat cats.... No Bailouts... to call it a "wallstreet" bail out, isn't quite fair.

Having a working credit market is good for everyone.

I saw this

stickfigure Subprime mess.

Before you say "Stick it to the bankers" Realize, it's the fact we have a liquid credit market... well That is the blood that keeps our economy moving.

They need to take pain, but you need to be isolated from that pain....

it's the fine line we are trying to walk.

Stick it to the bankers..... But we need to not cause 12% unemployment. cutting our nose off to spite our face.

Today one of the senators said the Paulson and Uncle Ben were like deer caught in the headlights.... I've followed this for quite a while... it's "us" who are the deer caught in the headlights..... For over a year, our legislative branch has been warned and warned about this, and they haven't done a thing, besides cut a check to every citizen in an election year

How to lose friends, and not influence people

... What is interesting... To me... I don't care....

we reap what we sow.

I don't have kids.

I'm in cash.

I'll do fine.

Great story this morning

I heard a story about a guy's grandfather, he was a peddler immigrant to the country. Started a surplus store. When the 1929 crash happened,

He said "Good, those fat cat Wall streeters Deserve it."

6 months later he lost his store.

..... But the real fat cats were short......
And the Uber Fat cats came in at the end and Cleaned up.

What it is to be a "Fat cat" is to always win.... And they will.

I have seen one bad movie.

I'm a huge fan of 'bad movies', this one wasn't bad in a good way....... will it is so ridiculous, you can find it inappropriately funny.

So, *drum roll*

"Starship Troopers 3:Marauder"........ AKA "Mechwarriors Meet Jesus"..... OR "Mechwarriors ARE JESUS!!!"

I'm not recommending this movie in any way, But if you are curious about how Mechwarriors can be Jesus.... YOUR FATE IS YOUR OWN.

I have said... This is a BAD movie, and don't think it will be anything but.

I'm in a huge crank this morning

I don't know why......

My HRM the battery died. It's a cheepo, and Polar wants me to send for it to be serviced.

I emailed them and asked what the battery was, and that I wasn't about to spend $40 servicing a $80 watch.

They sent me a form letter saying "send it to be serviced"

I Flamed back this Scathing Email, about how I asked about the battery, and said I refused to "have it serviced". How I was Insulted that they Ignored my specific request. And again said "I'm not servicing an $80 for 40."

I'd assume some of you have had them serviced. Many just use Generic HRM's.

So, they respond. "This is the battery" Don't do it. It has to be sealed(like i'm unfamiliar with silicone). It only costs 14.50, Pluss Shipping and handling.... which is.... About $20... Warranty Smorenty.

so.... I was off by $6.30

And worse, I'd have to run around find an envelope, and go through all that bullshit.

The other half Glass

“There are no atheists in foxholes and no ideologues in financial crises,” Mr. Bernanke told colleagues last week, according to one meeting participant.

Good old Art. Calls out Paulson as one of the "Robber Barons" on Wall street. There is a great Rumor going around, that paulson didn't care about the collapsing Wall street, until his former company... and I bet significant amounts of his holdings in Goldman Sacks went from $160-$70 Dollars per share. Like I've been saying, Wall street is going to contract, whether it wants to or not.

One of the interesting thing I have found, is that among the people who I believe are in a constant state of attempting to "Pick your Pocket" and constantly Nickle and dime you financially every day of your life. There are 2 Types of them.

• The Supply Side, Republican Corporate Welfare Types. Who Believe not only in Free Market Capitalism, But also that Government is put here to help Companies to make money. All with the Altruistic purpose of Giving you a Job. It's nice that they are so kind to Chain you to a Desk, and put you to work making them money..... All Hail to the Aristocracy!!!!!
• The Pure Market, Black Helicopter crowd/Gold bugs. These guys are Psyched to see the whole system Collapse, and Then Swoop in with the Gold they have stashed in the Fall out shelter, with all the guns. And buy up all the assets of the country with 4 ounces of gold. Of course our constant Socialism, and intervention in healthy Free markets, has collapsed the system.
  

The funny thing is that both types swear they are Free market libertarian Laissez-faire Capitalists. one thing is for sure, they are all in it for themselves.

My Half glass- or my Middle glass.

I tend to fall more in the later camp, Companies need to fail, Stock markets need to go down, Our System needs to stop using Inflation, to Backstop Banks, and Backstop the stock Market. Corporate CEO's are lazy incompetent Imbeciles, who circle themselves with yes men. The only reason they make money is because we have no handle on inflation, and though the companies manage to make 5% per year, the 20% of Hidden inflation, actually means that most companies are contracting 15% per year.

And, here is the Problem with Laissez-Faire capitalism, at the end of the game of monopoly only one guy has the money. There are arguments that it's the earlier regulations that cause the problems. But, it's fairly agreed on, that it's the "Laissez-faire" deregulation, that has lead to this problem.

Here is the problem, This all can't collapse. If we allow this system to collapse, it will be a Replay of "the Great Depression" 30-40% unemployment, You lose your home, and spend your time roaming around the country trying to find enough work to keep your family fed.

the other choice is to set off 20%-30% inflation over the next 5 years, You keep your job, and your home, Gas doesn't get Much more expensive(maybe a bit), but it doesn't get cheaper. You get to buy less, We start to learn how to Conserve resources, We get to Eat less, cook in more, The new generations will probably dream of home ownership, for a few years.

Burning the whole system down and starting anew, is appealing... and coming out the other side, we would be much healthier. But my Easter Philosophy side though says.... We need some Yin With our Yang. Maybe a combination or some middle ground.

As Kurtz said in Apocalypse Now "I watched a Snail Crawl along the edge of a straight razor".

The Razor's Edge is a novel by W. Somerset Maugham written in 1944. Its epigraph reads, "The sharp edge of a razor is difficult to pass over; thus the wise say the path to Salvation is hard." —Katha-Upanishad.

We all Walk a fine line between Heaven and hell. I hope we all successfully navigate the grey waters of Life.

that is the other half glass....

Of course you want an update

Steven, and art and I have had some comments on their respective blogs....

Let me say... financially these have been interesting times. I know most of you are busy "Mowing your lawns"... and God bless you, for keeping the Machine running.

I can't for the life of me, Go into what went on this week. I try and read the local paper, to figure out how things are playing to the local business audience.

Most of the Financial industry, have known for 2 years how messed up our financial system was. Everyone has done everything they can to get our politicians to "Get their Heads out".

It takes threats to the system, and for a politician to look at his/her 401K and watches them get sucked down to awful levels... It tends to sober them up. Stop them from acting like Children, and get to work..... Will the solutions be Crude... yes, Will it help.... We can hope.

To explain the complexity of the "problem" or "problem assets", is beyond about 90% of the financially educated. Many, like myself understand it only in rough brush strokes. I don't know if you remember a few years ago, when we all received credit card offers in the Tens and Twenties Every day. Or had some telemarketer, trying to get us to open a credit line, to the limits of our ability to pay..... Well Many of us Did Lie to the telemarketers. And many purchased homes, as "investments" that were much to expensive for them to be able to afford... This is the problem. Wall street was complicit in opening credit to people, who couldn't pay it back. And the problems are as large as the number of people who irresponsibly borrowed money for the past 5 years, and can't pay it back.

Finance and banks, are a confidence game. markets can adjust to many things, But sometimes. "Sudden shocks" Can completely upset the system.

I have no idea if anyone reades this stuff, and my ability at 4:20 am when I'm typing this up, to Explain it, or to try and calm people. Is limited.

This is what I think you all need to do:

• Make sure that if you have a bank account with more than $100K, Feel lucky, and make sure that you have it in an FDIC insured institution, and anything over 100K, you need to put in a separate FDIC insured institution.(NOT JUST ANOTHER ACCOUNT, in the same bank)
• If you are having financial trouble, you need to deal with it. If you can't make payments Call the bank and ask to "work it out". And don't open more credit to pay off old credit.
  
• Relax. Many people are worried about "Wall Street" Bail out. I like our treasury secretary. What I like is that in past times, we would have just Bailed out AIG, FANNY, FREDDY, LEHMAN BROTHERS, and soon GM, FORD. What is incredible, is that each time our government "Bails one of them out", Paulson pulls some nice thing out of his hat. On AIG, What he did was Loaned a 1 Trillion dollar company 100Billion dollars, AT 12%. Yes you heard that correct. WE MAKE 1 Billion dollars per Month, for that loan. On top of that Warrents on 80% of the company. He also allowed one of the largest wall street firms to Implode under the weight of it's own Hubris. These things are Amazing to see happen, usually the Tax Payer gets Screwed. We defiantly get our piece.
• The same will be true for the bigger "Bail Out", paulson will be sure to make this work for us, for the tax payer. In fact I keep Joking that he could be the first Treasury secretary that will make the Federal government profitable. It's going to cost, But I continue to be Amazed how he keeps pulling Rabbits out of his hat. I'm a socialist, but paulson is so far, a fairly amazing Treasury secretary... One can say that he wasn't pro-active enough. But it's hard to do that without some legislative help. He and the fed chairman, warned us. I personally Warned every one of our Legislators... If you want to blame people..... Blame our legislators, and administration. But also realize that much of it has to be blamed on the legislators for the past 30 years.
• If it makes Y'all feel better to get some 10 gallon things of Wheat, and store some Water. 30 days of food or whatever. But ... Trust the survival instincts of all the capitalists, and of The system in general. Just like we all have survival instincts, so does our financial system.
  

Palin is some kind of Pagan....

Nothing like a Crashing stock market.

To get everyone off Their asses.

We are from the government and we are here to help.Kumbaya, my Lord, kumbaya

Kumbaya, my Lord, kumbaya
Kumbaya, my Lord, kumbaya
O Lord, kumbaya

Ladies and gentleman, after 10 years of childish stupidity, hair pulling, spitballing and years of Childlike laziness. The U.S. Government has decided that they may have a roll in doing something besides waisting your tax money Arguing "if a Cat and dog become a Dat."

"The government has decided that we actually do have jobs, and that we will start doing those jobs Immediately. This increased productivity, should result in a move from U.S. negative Productivity and GDP, to Positive. But nobody had a projection of an actual date"

I mean... How can you blame them... Their 401K's were going down by the day.

In closing they remarked that "For sure this time" they will manage to Rubber stamp whatever proposal treasury and the Reserve come up with. And that the legislation would be quickly signed into law, as soon as the president returned from 'Ice Cream day' at Bennigins.

Then the childish behavior can begin anew....



The funniest thing today was the president came out and said "I'm going to be monitoring things in the financial markets this morning." Which I translated to "I'm going to spend the morning watching CNBC."

Hey... the internets were going down.

Free markets

I don't want to babble off again about this stuff.

I saw the paper today, I always wonder how worried people are. The reason economists can't predict the economy. The problem is that people are dynamic, and markets are dynamic. They are like an ever evolving machine. If it didn't change, then it would be predictable.

What is predictable, is the human survival instinct. The epic part of this, is that It's wall street in a contraction cycle, over the past 2 weeks, they are starting to come to terms with it. They don't like it, don't want to deal with it, have been in denial of it. In the stages of grief they are somewhere between that and bargaining. Maybe starting depression.

Greenspan(that asshole btw, who is a significant reason we are in this.) Said this is a once in a 100 year cycle. I've suggested this is just a 30-40 year cycle. Problem is just like every recession is different, each 40 year cycle is different. So... They see it as different and extra scary.

but again, with the market under 11k when we recover, the money you put into the old 401k, is the best money you will ever put into the market. The returns on that new money will be the highest return on your money.

The impulse is to "Pull money". I'm not saying we couldn't go to 9k, but the other thing is that the market could suddenly bounce to 12K, you could put your money back to work, and we could then come back to 10K... Then you pull it... and all you are doing is losing money.

alright I've ranted enough......

I'm just saying "Don't be Scared".... Someone said "sometimes the market goes down, to try and get some people's attention"..... Mother market is trying to wake some people up.... Or trying to shake out Assholes who over value their company that is about to got bankrupt (LEHMAN). The market wants some other companies to get their heads out of their ass. As well as some other people who need to Intervene in the financial system..... These are good things.

I know

You all look to me for guidance in troubling financial times(Tongue Firmly in cheek).

Lehman Brothers, a primary dealer and investment bank..... Went boom this weekend.... Always good to know that it happens to the investment elite.

One of the big Famous Analysts Meridith Whitney, was taken aback by the implosion.

the first thing you should learn about is the business cycle, and that is that it's a series of "Boom Bust" cycles. There was a Tech boom, a Materials boom, a Finance boom, housing boom, Nanotech boom, solar boom..... and they each get a bust.

The housing boom was pushed by a finance boom. Our Beloved Mistress Julie was part of that boom, and realized she didn't want to be part of it, and is smart enough to realize that It's in contraction.

The economy is the same way, In general, it Expands and contracts..... as much as I want to blame "Bush" for the contraction... contractions are just the way of the game... Now I can talk about how he has made it worse, and how all our politicians have not and still arn't trying to solve the problem, and would rather finger point like 7 year olds.

The funny thing, is that when the "CONTRACTION" is in wallstreet, they think it's Armageddon. All politics are local. But as wall street analysts are freaked out because.... Well because, this time it's your head on the block, it gets a little extreme.

So, as they panic about this, put it in a bit of perspective. The finance industry was way too large, and is contracting..... it will contract to the point where it is Way too small. Then it will Rebuild. There were way too many people sitting around pushing people into "No Document" loans for homes they could never afford. Those people are gone. The people who Gave the Loans for the Homes, They are Gone..... Now it is time for those who Sold the Mortgages and loans to go gently into that good night..... or not so gently.

But It's all part of the game, in the 30's thousands of brokers went bust, in the 70's, and quite a few in the 90's. Nothing new here...

Once again, If you understand that there is that boom bust cycle, and you accept that the pendulum swings one way then to the other, You have to realize... You want to invest on the Waining side of "Fear".... This morning I figured we were hitting some Solid Fear in the market, but what I wanted to see, is that fear start to subside. That is a sign of the turning point in a market.... It didn't happen, and we kept selling all day. So... Maybe fear will be on the Wain tomorrow or the next day.

But if it were Armageddon, would you think that gold would be going Negative, selling off into the 750's.... That isn't fear... and the value of your dollars Vs. the other currencies.... Well It is at a still within a 52 week High value..... THAT IS A GREAT THING. Concerned..... always good to be concerned, but not like I was concerned when the dollar made new lows every day...

Lehman had a chance to sell numerous times.... they made a choice to go bankrupt. We still have about 50% too many investment bankers, Maybe some of them can live off the 'Tit' of some banks. But it probably still isn't over, But hopefully they smarten up and contract the business on their own.

As i see it, it is a good thing that there are a few thousand less people trying to pick my pocket.

I have a letter

This is weird... but I guess that is what this blog is for. I lack tolerance these days, it's gone on for abut 5 years. Most of my life I've been passive, Try not to be rude, try and get along.... Just try and be tolerant of people. For the longest time I'd be passive aggressive with people.

At one point I stopped. I umn.. I decided it was time to start insisting on the things I needed. No more punching bag, no more being a person stepped over/on. Well, It was quite a shock to many people and still is. I had a call to go work for and old boss of mine, Numerous times I've said.

"Listen, I have to make good money when I work for you. I can't work for 2 days, then 4 days off, Then back on for 5 days. That is having an employee at will, and you have to pay me more for that, Two to three times more. But if you are willing to commit to 2 weeks or 3 weeks of full time work, that is fine, we can use the usual rate, but i can't make a living wage working 2 days for 4 hours."

This happened 8 months ago, after they had said they understood, and I told them I wouldn't work for them anymore.

a month ago, I worked for them again, With the express promise, that there wasn't going to be "At will" again. A week into it, they pulled us off for a day, I said "You told me this wasn't going to happen, This is bullshit, and I can't make money this way, I clear my schedual and now there isn't any work, and I can't pay bills."
"oh, it won't happen again. we are sorry."
5 days later
"Sorry guys, we are going to have to call you off for a while"
so, I walked away, and when they called me to work again... I didn't return the call. I get a hateful call a while later about what an asshole I am. And I went off.... "listen, how in the hell can I make a living that way, I clear my schedule and suddenly, I'm working part time. In two weeks I clear $700. I can make that kind of money at Mcdonalds or Seven Eleven. I don't have to work outside, I don't have to do any labor, I don't have to have any tools, I don't have to have any skills or equipment. How in the hell can anyone be expected to make a living on that money. I can't afford insurance, or car payments, or house payments, and worse is that I could have been making real money. and you waisted my time.

To which they got all nasty and personal, and literally said that I didn't deserve to make a living... At that point I told them to fuck off, and hung up.

Now 2 months later I have a letter from them.....

As I typed this up, the question was what I should do with it....

I think it gets the Black marker with the word "Return" on it.

the interesting thing... the "about me" thing, is that I've done this a few times in the past 5 years, not literally, but roughly. I've done this in numerous relationships. After saying to people "this has to change." and they just keep it up.. because with out "The stick" people don't respond... but honesty, even with the stick, they just do what they have always done.

Why bother, they will just keep doing it. and plenty of people we allow to be in our lives, aren't actually worth keeping in it..

I guess It's how I see corry Feldman should feel about Haim. (all comes back to the two corrys LOL) But there is no reason for feldman to put up with haim... Haim has to earn it.... You have to earn friendships, Not just take advantage of them. Feldman cared about haim, and was trying to help. Feldman was earning Haims friendship by looking out for his friend.....

but Haim didn't appreciate the work...

how about some rantings

The big Hadron collider Is about to go into service, This is very exciting. The best part are all the "Goom and Doomers" who think it's the end of the world.

Almost as funny as those who think the Bail out of fanny and freddy is the end of the world..... You know, housing Crisis aren't new(we had one in the 30's, the 40's, the 70's, the 90's... and surprise! one in 2006-2009.) . Nor is a Bail out of the Financial system.... And yes "Moral Hazard".

If you want the Cliff's notes version of all of this, The reason a Candy bar is Twice as expensive every decade, is because we Bail out the financial system every 10 years. It's also why, if anyone can ever "Retire" again, You best keep that in mind. If you have a million to retire on and your old bones last 30 years, it will end up having 1/3 it's value.

but it's either this or suffer a 1930's style Depression...

It's always tough to provide decent financial advice. There is a whole financial system out there that assures that you will eternally be broke, Defending your assets, and accumulating Real Wealth, is just about a full time job. And there are Millions of Marginal Dickheads out there, doing everything they can to nickle and dime you to death.

One of my favorite stories are the some of the financial institutions, and hedge funds,(Lehman brothers(who it's rumored will implode in the next 5 days)). What they do, is get a loan from a bank at say 5%, then they buy bonds at 6%, this pluss their investment Capital, The company makes 1%, the investors make 5%... and they Fuck off to the golf course for a decade, and smoke Weed. Good work if you can get it.

If it's the Government giving out some of the most "rose colored Glasses" Version of economic statistics, from payroll numbers to inflation. It's absolute Asshatery.

or the Fed and Treasury, trying to Bail out every half assed CEO, who happens to have driven a company so far into the ground that it Explodes... But because of "systemic Risk"... we have no choice but to Bail them out.... because... Well they didn't understand that there is a business cycle.... But what CEO does...

Umn.... It's all unfair, unreasonable, unmanagable..... Etc.

But how productive is it to shake my fist in the air.

Another Politics post

So, Weeks ago, this crazy Jesus worshiper(ok, I'm differentiating those who think that god does their bidding... Verses... Less Crazy Jesus folk... Cause not all of you are Evil, Bastards... using god as your own personal bitch to start rain and win BYU Utah games.....

But I digress.

In an amusing twist of irony, It didn't rain on Obama during his speech where he wanted to kill all the babies........

But I will have everyone notice, that as The Republicans Meet. 2 hurricanes Pummel the south, and remind every person in this country, that Our administration. Sat on their fat asses, and let one of America's cities Drown.

We can argue nuances of Morality and Judgement. and whatever. And point fingers, at everyone and their dog. But the lack of response by the federal government.....

If there is a God, Dubja is going to rot in the lowest ring of hell.

What is the saying? "To those that Much is given, Much is expected." Nobody, in history has Floated to power on a Platform of Elitest entitlement, like G.W. Bush..... And when we placed the mantle, and responsibility of our safety, in his hands.....
He was asleep at the switch.... Like the Piece of shit, Objectivist, Selfish, narcissist, Ego maniacal FRAT BOY! he is.