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Selling America Short
Author: BobR
Date: 06/23/2010 11:07:36
Trading on the stock market is commonly referred to as legalized gambling. Traders buy and sell stocks, essentially betting that they will rise or fall. If they think it will rise, they buy stocks. If they think it will fall, they buy "futures", or as it is also known: selling short. In this case, they agree to sell the stock at today's price, and agree to "buy" it in the future at whatever price it happens to be. If the price falls, they make a profit. This is the yin and yang of the stock market.
The stock market has grown beyond simply trading in stocks of companies, however. Investment firms have special funds called hedge funds, which are composed primarily of short sales and derivatives. During the housing bubble, many banks actually bought derivatives that paid out if their own investments failed. That generated a lot of outrage.
The stock market has really stepped squarely into Offtrack Betting territory with funds like Media Derivatives, which are bets on whether certain movies will succeed or fail. Can you imagine if a movie producer bought shares that paid off if his movie failed? It would be like Pete Rose betting against his own team, since in both cases not only is failure rewarded, the person is in a position of power to allow (or encourage) failure.
So what to make of ProShares Trust Ultrashort 20+ Year Treasury ETF? This is an investment fund which profits when treasury bonds perform poorly (in other words: when America fails financially). What do you call someone who bets against the success of America, and is in a position of power to move America in the direction of failure (or stymie success)? You could call him House Minority Whip Eric Cantor:
So essentially: Eric Cantor is the Pete Rose of Congress. While ostensibly working for government to ensure that America prospers, he is betting that we won't. Calling this unpatriotic doesn't seem like a strong enough epithet.
I can imagine some right-wing pundits and pols will argue that this is okay, because they believe the Democrats (in general, and President Obama in particular) are sending America down the toilet, so why not make some money off of it if they can't do anything about it? That would be like Pete Rose justifying betting against his own team because he felt like the team's owners were making bad decisions.
However, in both cases, these men actually ARE in a position to encourage success. House Minority Whip is a powerful appointment - he is the one that gets his party's votes to the floor. How he uses that power is up to him and his party. I find it hard to believe that Eric Cantor is driven to ensure America's success, however, when he is selling America short, both literally and figuratively.
The stock market has grown beyond simply trading in stocks of companies, however. Investment firms have special funds called hedge funds, which are composed primarily of short sales and derivatives. During the housing bubble, many banks actually bought derivatives that paid out if their own investments failed. That generated a lot of outrage.
The stock market has really stepped squarely into Offtrack Betting territory with funds like Media Derivatives, which are bets on whether certain movies will succeed or fail. Can you imagine if a movie producer bought shares that paid off if his movie failed? It would be like Pete Rose betting against his own team, since in both cases not only is failure rewarded, the person is in a position of power to allow (or encourage) failure.
So what to make of ProShares Trust Ultrashort 20+ Year Treasury ETF? This is an investment fund which profits when treasury bonds perform poorly (in other words: when America fails financially). What do you call someone who bets against the success of America, and is in a position of power to move America in the direction of failure (or stymie success)? You could call him House Minority Whip Eric Cantor:
Putting his money where his mouth is? Eric Cantor, the Republican Whip in the House of Representatives, bought up to $15,000 in shares of ProShares Trust Ultrashort 20+ Year Treasury ETF last December, according to his 2009 financial disclosure statement. The exchange-traded fund takes a short position in long-dated government bonds. In effect, it is a bet against U.S. government bonds...
So essentially: Eric Cantor is the Pete Rose of Congress. While ostensibly working for government to ensure that America prospers, he is betting that we won't. Calling this unpatriotic doesn't seem like a strong enough epithet.
I can imagine some right-wing pundits and pols will argue that this is okay, because they believe the Democrats (in general, and President Obama in particular) are sending America down the toilet, so why not make some money off of it if they can't do anything about it? That would be like Pete Rose justifying betting against his own team because he felt like the team's owners were making bad decisions.
However, in both cases, these men actually ARE in a position to encourage success. House Minority Whip is a powerful appointment - he is the one that gets his party's votes to the floor. How he uses that power is up to him and his party. I find it hard to believe that Eric Cantor is driven to ensure America's success, however, when he is selling America short, both literally and figuratively.
Comments:
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Comment by 
wickedpam on 06/23/2010 12:28:38
wickedpam on 06/23/2010 12:28:38
Morning 
I would like to state for the reasonable people of the Commonwealth of Virginia that Eric Cantor is a unpatriotic, anti-America asshat.
I would like to state for the reasonable people of the Commonwealth of Virginia that Eric Cantor is a unpatriotic, anti-America asshat.
Comment by wickedpam on 06/23/2010 12:30:50
wickedpam on 06/23/2010 12:30:50
Okay let me ask this since I really don't understand the whole stock market thing as it stands today - for some reason I thought that the reason you bought shares was to invest in a company not to "bet" on things, isn't that really how the stock market got started - looking for people to invest?
Comment by 
Raine on 06/23/2010 12:34:53
Yes, that is what Stocks are for. the Hedge funds however are not really stocks. They bet on the future of what a stock *may* do.
It's the same kinda thing that cause the housing market to bust.
good morning! 
In other news, the Judge that overturned the moratorium on Drilling? He DEEP in Oil investments.
Raine on 06/23/2010 12:34:53
Quote by wickedpam:
Okay let me ask this since I really don't understand the whole stock market thing as it stands today - for some reason I thought that the reason you bought shares was to invest in a company not to "bet" on things, isn't that really how the stock market got started - looking for people to invest?
It's the same kinda thing that cause the housing market to bust.
good morning! In other news, the Judge that overturned the moratorium on Drilling? He DEEP in Oil investments.
Comment by 
TriSec on 06/23/2010 12:36:01
TriSec on 06/23/2010 12:36:01
Morning. (The qualifier "good" has been banned from usage.)
Perhaps my luck will get better today and I'll get hit by a bus on the way home.
Perhaps my luck will get better today and I'll get hit by a bus on the way home.
Comment by TriSec on 06/23/2010 12:49:51
TriSec on 06/23/2010 12:49:51
Ya know, this whole McCrystal thing is pissing me off. Maybe this is indicative of what's wrong with this President.
Here we have a clear case of insubordination and questioning of Presidential Authority, and what does he do? He calls the General back for a conference.
If it were me, I would have called his ass and said "Mr. McChrystal (and not using his title would be intentional), I want you to pack up all your stuff and get on the next plane to Pearl. Meet the MPs there, and I'll see you at your court-martial.)
Sorry folks....he's starting to lose me.
Here we have a clear case of insubordination and questioning of Presidential Authority, and what does he do? He calls the General back for a conference.
If it were me, I would have called his ass and said "Mr. McChrystal (and not using his title would be intentional), I want you to pack up all your stuff and get on the next plane to Pearl. Meet the MPs there, and I'll see you at your court-martial.)
Sorry folks....he's starting to lose me.
Comment by 
clintster on 06/23/2010 13:07:43
clintster on 06/23/2010 13:07:43
I have to say that Mrs. C broke a metatarsal a few years ago and a couple of days later we went to Tweetsie Railroad, an amusement park in the mountains of North Carolina. Not a fun time, especially since I had to push her around the park uphill (both ways).
Comment by Raine on 06/23/2010 13:08:48
I'd rather have him call him back home from the theatre than firing him while he is still over there.
I tend to think that KO had a pretty good idea about this. He said Obama should not accept his resignation and instead demote his ass down to paper pusher.
I don't know if I agree, But I would rather Obama has his balls in a desk drawer as opposed to being fired and suddenly turning upon FauxNooz as a *commentator*
I don't know if you are aware of this, Tri -- But Paul Reikoff doesn't think he should be fired. He said so yesterday on Ed Shultz. I was shocked to hear that myself.
Raine on 06/23/2010 13:08:48
Quote by TriSec:
Ya know, this whole McCrystal thing is pissing me off. Maybe this is indicative of what's wrong with this President.
Here we have a clear case of insubordination and questioning of Presidential Authority, and what does he do? He calls the General back for a conference.
If it were me, I would have called his ass and said "Mr. McChrystal (and not using his title would be intentional), I want you to pack up all your stuff and get on the next plane to Pearl. Meet the MPs there, and I'll see you at your court-martial.)
Sorry folks....he's starting to lose me.
I'd rather have him call him back home from the theatre than firing him while he is still over there.
I tend to think that KO had a pretty good idea about this. He said Obama should not accept his resignation and instead demote his ass down to paper pusher.
I don't know if I agree, But I would rather Obama has his balls in a desk drawer as opposed to being fired and suddenly turning upon FauxNooz as a *commentator*
I don't know if you are aware of this, Tri -- But Paul Reikoff doesn't think he should be fired. He said so yesterday on Ed Shultz. I was shocked to hear that myself.
Comment by Raine on 06/23/2010 13:09:46
Raine on 06/23/2010 13:09:46
anything you break after a certain age is just WAY painful...
Comment by wickedpam on 06/23/2010 13:16:48
wickedpam on 06/23/2010 13:16:48
Well that makes sense now - you told me in one sentence what the peole who do our 401k have been trying to in a bunch of years. I tell ya plain English works.
Comment by TriSec on 06/23/2010 13:33:12
TriSec on 06/23/2010 13:33:12
I heard Keith's special comment, and I don't agree with him.
Insubordination and undermining of authority needs to be taken care of immediately.
Either way, it's a bad situation....but you need to minimize the damage.
Insubordination and undermining of authority needs to be taken care of immediately.
Either way, it's a bad situation....but you need to minimize the damage.
Comment by Raine on 06/23/2010 13:41:04
Raine on 06/23/2010 13:41:04
Nobody puts Obama in a corner!
Comment by wickedpam on 06/23/2010 13:42:19
you think there will be a dance number to illustrate the point a la Dirty Dancing and Glee?
wickedpam on 06/23/2010 13:42:19
Quote by Raine:
Nobody puts Obama in a corner!
you think there will be a dance number to illustrate the point a la Dirty Dancing and Glee?
Comment by Raine on 06/23/2010 13:49:25
THAT I would watch.
Raine on 06/23/2010 13:49:25
Quote by wickedpam:Quote by Raine:
Nobody puts Obama in a corner!
you think there will be a dance number to illustrate the point a la Dirty Dancing and Glee?
THAT I would watch.
Comment by wickedpam on 06/23/2010 13:51:15
I can tell you the spin right now if he demotes him - Obama's not being honorable and is disrepectful of his years of service.
wickedpam on 06/23/2010 13:51:15
Quote by Raine:Quote by TriSec:
Ya know, this whole McCrystal thing is pissing me off. Maybe this is indicative of what's wrong with this President.
Here we have a clear case of insubordination and questioning of Presidential Authority, and what does he do? He calls the General back for a conference.
If it were me, I would have called his ass and said "Mr. McChrystal (and not using his title would be intentional), I want you to pack up all your stuff and get on the next plane to Pearl. Meet the MPs there, and I'll see you at your court-martial.)
Sorry folks....he's starting to lose me.
I'd rather have him call him back home from the theatre than firing him while he is still over there.
I tend to think that KO had a pretty good idea about this. He said Obama should not accept his resignation and instead demote his ass down to paper pusher.
I don't know if I agree, But I would rather Obama has his balls in a desk drawer as opposed to being fired and suddenly turning upon FauxNooz as a *commentator*
I don't know if you are aware of this, Tri -- But Paul Reikoff doesn't think he should be fired. He said so yesterday on Ed Shultz. I was shocked to hear that myself.
I can tell you the spin right now if he demotes him - Obama's not being honorable and is disrepectful of his years of service.
Comment by Raine on 06/23/2010 13:52:04
Raine on 06/23/2010 13:52:04
BTW, I know I didn't get to mention it yesterday, but thank you very Much Will and Clint.
I am leaving very early tomorrow morning. Taking Amtrak to Rhinecliff, My sisters and I will be driving up to Doldgeville, NY after that.
Dolgeville
I am leaving very early tomorrow morning. Taking Amtrak to Rhinecliff, My sisters and I will be driving up to Doldgeville, NY after that.
Dolgeville
Comment by wickedpam on 06/23/2010 13:52:31
what song would they use?
wickedpam on 06/23/2010 13:52:31
Quote by Raine:Quote by wickedpam:Quote by Raine:
Nobody puts Obama in a corner!
you think there will be a dance number to illustrate the point a la Dirty Dancing and Glee?
THAT I would watch.
what song would they use?
Comment by Raine on 06/23/2010 13:52:44
Raine on 06/23/2010 13:52:44
The nice thing is that I get to leave out of Union Station, I haven't been there in about 20 years. I love that train station.
Comment by Raine on 06/23/2010 13:53:23
Time of my life.... 
Raine on 06/23/2010 13:53:23
Quote by wickedpam:Quote by Raine:Quote by wickedpam:Quote by Raine:
Nobody puts Obama in a corner!
you think there will be a dance number to illustrate the point a la Dirty Dancing and Glee?
THAT I would watch.
what song would they use?
Comment by wickedpam on 06/23/2010 13:57:15
wickedpam on 06/23/2010 13:57:15
Comment by Raine on 06/23/2010 13:58:33
Raine on 06/23/2010 13:58:33
Since I share so much of my life with you guys here on the blog, I hope you don't mind me sharing My Aunt Fran's obituary.
Sorry guys, It's been a long week. We were told last Thursday that she was nearing the end of her illness, and Now I guess it's really sorta hitting me. She was such a huge part of my life when I was growing up. Susie was in essence, the 4th Koch sister. She still calls my mom, Mom.
Sorry guys, It's been a long week. We were told last Thursday that she was nearing the end of her illness, and Now I guess it's really sorta hitting me. She was such a huge part of my life when I was growing up. Susie was in essence, the 4th Koch sister. She still calls my mom, Mom.
Comment by wickedpam on 06/23/2010 13:59:01
Its changed in 20 years - I remember being able to watch the trains arrive and leave from the floor above when we traveled from Philly to DC
wickedpam on 06/23/2010 13:59:01
Quote by Raine:
The nice thing is that I get to leave out of Union Station, I haven't been there in about 20 years. I love that train station.
Its changed in 20 years - I remember being able to watch the trains arrive and leave from the floor above when we traveled from Philly to DC
Comment by wickedpam on 06/23/2010 14:00:18
let me know if you need anything
wickedpam on 06/23/2010 14:00:18
Quote by Raine:
Since I share so much of my life with you guys here on the blog, I hope you don't mind me sharing My Aunt Fran's obituary.
Sorry guys, It's been a long week. We were told last Thursday that she was nearing the end of her illness, and Now I guess it's really sorta hitting me. She was such a huge part of my life when I was growing up. Susie was in essence, the 4th Koch sister. She still calls my mom, Mom.
let me know if you need anything
Comment by 
BobR on 06/23/2010 14:02:34
try not to party too hard...
kidding - I know it will be a somber occassion, punctuated by moments of family drama...
BobR on 06/23/2010 14:02:34
Quote by Raine:
BTW, I know I didn't get to mention it yesterday, but thank you very Much Will and Clint.
I am leaving very early tomorrow morning. Taking Amtrak to Rhinecliff, My sisters and I will be driving up to Doldgeville, NY after that.
Dolgeville
try not to party too hard...
kidding - I know it will be a somber occassion, punctuated by moments of family drama...
Comment by Raine on 06/23/2010 14:05:40
Hell babe, I'm going to provide a little comedy.
And get yelled at by someone -- it's inevitable. I always end up crossing the line.
Raine on 06/23/2010 14:05:40
Quote by BobR:Quote by Raine:
BTW, I know I didn't get to mention it yesterday, but thank you very Much Will and Clint.
I am leaving very early tomorrow morning. Taking Amtrak to Rhinecliff, My sisters and I will be driving up to Doldgeville, NY after that.
Dolgeville
try not to party too hard...
kidding - I know it will be a somber occassion, punctuated by moments of family drama...
Hell babe, I'm going to provide a little comedy.
And get yelled at by someone -- it's inevitable. I always end up crossing the line.
Comment by Raine on 06/23/2010 14:22:42
Raine on 06/23/2010 14:22:42
OooOooO Ok now we wait and see what happened at the White house.
Comment by wickedpam on 06/23/2010 14:25:23
wickedpam on 06/23/2010 14:25:23
that was a very quick meeting 
Comment by 
Scoopster on 06/23/2010 14:27:02
Scoopster on 06/23/2010 14:27:02
Morning all! 
Got to work late, but didn't miss the start of the USA-Algeria match cuz it was pushed back to 10AM. BTW, they just got ROBBED of a goal again because of another bullshit offsides call.
Got to work late, but didn't miss the start of the USA-Algeria match cuz it was pushed back to 10AM. BTW, they just got ROBBED of a goal again because of another bullshit offsides call.
Comment by TriSec on 06/23/2010 14:40:46
I pride myself on being a geography geek....I went out 5 clicks before I recognized anything. Sure is "out of the way".
TriSec on 06/23/2010 14:40:46
Quote by Raine:
BTW, I know I didn't get to mention it yesterday, but thank you very Much Will and Clint.
I am leaving very early tomorrow morning. Taking Amtrak to Rhinecliff, My sisters and I will be driving up to Doldgeville, NY after that.
Dolgeville
I pride myself on being a geography geek....I went out 5 clicks before I recognized anything. Sure is "out of the way".
Comment by Scoopster on 06/23/2010 14:56:07
Scoopster on 06/23/2010 14:56:07
At halftime it's 0-0, and England leads Slovenia 1-0. If these scores hold the US is out, and there's gonna be a LOT of very pissed off people.
Comment by clintster on 06/23/2010 15:21:39
clintster on 06/23/2010 15:21:39
I'm watching USA-Algeria on Univision, just so I can hear the announcer say
"GOOOOOOOOOOOOOOOAAAAAAAAAAAAAAAALLLLLLLLLLLLL Estados Unidos!!!"
Hopefully it'll happen soon, but dammit this Algerian goalie is good.
"GOOOOOOOOOOOOOOOAAAAAAAAAAAAAAAALLLLLLLLLLLLL Estados Unidos!!!"
Hopefully it'll happen soon, but dammit this Algerian goalie is good.
Comment by Raine on 06/23/2010 15:22:56
Yup.
It makes Western Mass look like the Suburbs.
Raine on 06/23/2010 15:22:56
Quote by TriSec:
I pride myself on being a geography geek....I went out 5 clicks before I recognized anything. Sure is "out of the way".
It makes Western Mass look like the Suburbs.
Comment by Raine on 06/23/2010 15:25:03
Raine on 06/23/2010 15:25:03
Aww hell. More sad news. My nieces dog, Monty --13-14 years old was put down this morning. Heart Failure.
:( RIP Monty.
Good dog. *sigh*
:( RIP Monty.
Good dog. *sigh*
Comment by 
livingonli on 06/23/2010 15:25:39
livingonli on 06/23/2010 15:25:39
Good morning everyone.
My condolences on the loss of your Aunt, Raine.
My condolences on the loss of your Aunt, Raine.
Comment by livingonli on 06/23/2010 15:26:11
livingonli on 06/23/2010 15:26:11
And one for Monty as well.
Comment by Raine on 06/23/2010 15:29:00
Raine on 06/23/2010 15:29:00
Thanks Liv.
Send some hugs to the universe for my niece, KBelle. Monty was her best friend from when she was just a baby.
Send some hugs to the universe for my niece, KBelle. Monty was her best friend from when she was just a baby.
Comment by Raine on 06/23/2010 15:30:34
Raine on 06/23/2010 15:30:34
AM I getting this right? did they just deny a SECOND goal for USA????
Comment by wickedpam on 06/23/2010 15:31:00
wickedpam on 06/23/2010 15:31:00
when it rains it pours they they say - I'm sorry to hear about Monty too - maybe he went to be with Aunt Fran to keep her company 
Comment by wickedpam on 06/23/2010 15:31:48
I'm begining to think there's a conspiracy about keeping the US from advancing
wickedpam on 06/23/2010 15:31:48
Quote by Raine:
AM I getting this right? did they just deny a SECOND goal for USA????
I'm begining to think there's a conspiracy about keeping the US from advancing
Comment by Raine on 06/23/2010 15:36:32
I like that, Mala.
I like it alot.
Raine on 06/23/2010 15:36:32
Quote by wickedpam:
when it rains it pours they they say - I'm sorry to hear about Monty too - maybe he went to be with Aunt Fran to keep her company
I like that, Mala.
I like it alot.
Comment by wickedpam on 06/23/2010 15:39:33
wickedpam on 06/23/2010 15:39:33
Quote by Raine:Quote by wickedpam:
when it rains it pours they they say - I'm sorry to hear about Monty too - maybe he went to be with Aunt Fran to keep her company
I like that, Mala.
I like it alot.
Comment by Raine on 06/23/2010 15:40:54
Raine on 06/23/2010 15:40:54
Oh hell -- that is true. Momma can't drive with the boot.
Gonna make that move back to LA a bit of a problem. Suddenly LA might be as expensive as NYC...
Gonna make that move back to LA a bit of a problem. Suddenly LA might be as expensive as NYC...
Comment by Raine on 06/23/2010 15:42:51
Monty was a corgi, I can see him doing that.
Raine on 06/23/2010 15:42:51
Quote by wickedpam:Quote by Raine:Quote by wickedpam:
when it rains it pours they they say - I'm sorry to hear about Monty too - maybe he went to be with Aunt Fran to keep her company
I like that, Mala.
I like it alot.
Comment by livingonli on 06/23/2010 15:44:39
I'm scared to hear what Glenn Beck's take will be. I guess the Futbol refs don't care if Soccer is ever popular in the US unlike the NHL which has been aggressively trying to become popular in the US.
Oh, they finally gave one to the US.
livingonli on 06/23/2010 15:44:39
Quote by wickedpam:Quote by Raine:
AM I getting this right? did they just deny a SECOND goal for USA????
I'm begining to think there's a conspiracy about keeping the US from advancing
I'm scared to hear what Glenn Beck's take will be. I guess the Futbol refs don't care if Soccer is ever popular in the US unlike the NHL which has been aggressively trying to become popular in the US.
Oh, they finally gave one to the US.
Comment by Scoopster on 06/23/2010 15:47:25
Scoopster on 06/23/2010 15:47:25
OH MY GAWD! Don't give half the country a heart attack or anything, boys.
US finally gets a goal allowed, 2 minutes into stoppage time in the second half.
I'm gonna go lay down now.
US finally gets a goal allowed, 2 minutes into stoppage time in the second half.
I'm gonna go lay down now.
Comment by clintster on 06/23/2010 15:47:55
clintster on 06/23/2010 15:47:55
GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOAAAAAAAAAAAAAAAAAAAAAALLLLLLLLLLLLLLLLL!!!!!
Comment by livingonli on 06/23/2010 15:50:10
livingonli on 06/23/2010 15:50:10
I should have put Univision on to hear their announcers. At least I get Univision in HD now.
Comment by Raine on 06/23/2010 15:52:36
Raine on 06/23/2010 15:52:36
WE WON??? WE WON!!!! WOOHOO!
Comment by clintster on 06/23/2010 15:54:47
It was a beautiful thing. I wish I had taped it.
clintster on 06/23/2010 15:54:47
Quote by livingonli:
I should have put Univision on to hear their announcers. At least I get Univision in HD now.
It was a beautiful thing. I wish I had taped it.
Comment by wickedpam on 06/23/2010 15:55:05
wickedpam on 06/23/2010 15:55:05
well there goes my theroy 
Comment by clintster on 06/23/2010 15:56:46
Not just the game, we also won the group for the first time since 1930. Yes, 1930!
I think one of the cooler things about the game was the shot of someone in the stands holding a red, white and blue "YES WE CAN" sign.
clintster on 06/23/2010 15:56:46
Quote by Raine:
WE WON??? WE WON!!!! WOOHOO!
Not just the game, we also won the group for the first time since 1930. Yes, 1930!
I think one of the cooler things about the game was the shot of someone in the stands holding a red, white and blue "YES WE CAN" sign.
Comment by Raine on 06/23/2010 16:02:04
Raine on 06/23/2010 16:02:04
I am going to repost something from a friend of mine on Facebook. It's a really good commentary about this MCChrystal debacle. Some people are calling it treason. ( I disagree with that charge) So please, read this: Just some food for thought, without comment (aside from my opinion that this is not treason)
It's not treason, not at that level. Come on people. But it is dangerous.
This entire situation reminds me of the movie "Almost Famous" (based on the experiences of real life Rolling Stone Reporting Cameron Crowe, wherein the rock band knows the Rolling Stone reporter is "the enemy," but they get too close to him, open themselves up, and in the end, he writes everything they said in their false sense of security and confidence. I guess that's a reporter's job, getting people to feel comfortable with them so they can print gossip.
I was born on military base. My father served his entire adult life, and his service inspired myself and all 4 of my brothers to serve. Gen. McChrystal was out of line in the extreme, and the furor over his remarks demonstrates why military members are bound to stay away from political opining. Imagine if the right and the tea baggers, latch onto this man, and he, in turn, is so gratified, in the midst of all this criticism he's being hit with, that he becomes their champion . . . this is how military coops begin.
I do sympathize with Gen. McChrystal, but his remarks, and those attributed to him, are not only extremely improper, but non-specific, non-constructive, juvenile gossip and sniping. I have gone back and forth on whether Pres. Obama should remove him from his assignment. On the one hand, he may be the best possible person for this very difficult job, and the General has served with incredible distinction and honor. On the other hand, allowing the General to get away with this kind of insubordination and grossly inappropriate behavior AGAIN, does not set a good precedent, nor a good example for the rest of the military. In the end, this is Pres. Obama's decision, and given that he is a man who doesn't seem to have such a giant ego that he can't admit when he is wrong, change his mind, and apologize himself, I think he will make the decision based upon what he believes is best for the country.
However, Gen. McChrystal may have apologized, but whether he stays or goes, he needs to speak to the troops and affirm for them them in no uncertain terms, why this type of behavior is inappropriate and unacceptable. A man of lesser rank would be punished for this. I have no doubt about it.
This is a very sad day for the military in my opinion, and for that, the General has yet to make amends. There's no one who should be proud of this piece in Rolling Stone. It's a set up, and this reporter should be ashamed of himself.
Comment by Raine on 06/23/2010 16:02:59
NICE!!!!
And we DID!!!
Wow, 1930, huh? that is truly amazing!
Raine on 06/23/2010 16:02:59
Quote by clintster:Quote by Raine:
WE WON??? WE WON!!!! WOOHOO!
Not just the game, we also won the group for the first time since 1930. Yes, 1930!
I think one of the cooler things about the game was the shot of someone in the stands holding a red, white and blue "YES WE CAN" sign.
NICE!!!!
And we DID!!!
Wow, 1930, huh? that is truly amazing!
Comment by Raine on 06/23/2010 16:16:33
Raine on 06/23/2010 16:16:33
Comment by livingonli on 06/23/2010 16:22:10
Home schooling form parents who take Beck as a serious source will be further proof of how stupid Americans are.
livingonli on 06/23/2010 16:22:10
Quote by Raine:
Well there it is. Glenn Beck called for Public Education to be abolished.
Keep diggin Beck.
Home schooling form parents who take Beck as a serious source will be further proof of how stupid Americans are.
Comment by livingonli on 06/23/2010 16:47:11
livingonli on 06/23/2010 16:47:11
Obama will speak at 1:30.
Comment by TriSec on 06/23/2010 16:57:59
TriSec on 06/23/2010 16:57:59
New Post.
I'm sure you won't like it.
Hell, I don't like it. But screw saving the world today; can I save my family?
I'm sure you won't like it.
Hell, I don't like it. But screw saving the world today; can I save my family?
Comment by TriSec on 06/23/2010 18:29:01
TriSec on 06/23/2010 18:29:01
This would be comical, if it weren't so damn serious. What else is going to go wrong?
From the BBC...
Two people have died in the clearing up of an oil spill in the Gulf of Mexico, the US Coast Guard has said.
The deaths occurred in two separate incidents, Coast Guard Adm Thad Allen said, without giving further details.
Adm Allen also said BP had to remove a cap containing some of the oil gushing from the well after an underwater robot bumped into the venting system.
From the BBC...
Comment by Raine on 06/23/2010 18:33:30
Raine on 06/23/2010 18:33:30
OK, So I took a nap (much needed) and woke up to find my mom is in the hospital. Evidently she is having a very bad reaction to a bug bite. they are giving her an anti biotic shot, some steroids and a pill.
She, BTW is up in Dolgeville with My Aunts family, so on top of a funeral... Oh good lord. Let's this week end.
She, BTW is up in Dolgeville with My Aunts family, so on top of a funeral... Oh good lord. Let's this week end.
Comment by Raine on 06/23/2010 18:37:02
Raine on 06/23/2010 18:37:02
Alright. I am calling a time out here.
This blog needs this today:
This blog needs this today:
Comment by wickedpam on 06/23/2010 18:42:11
wickedpam on 06/23/2010 18:42:11
And I'll add this one
Comment by Raine on 06/23/2010 18:43:29
Tri, I'm so sorry for the troubles.
I know things have been rough. I don;t think you are alone in feeling this way -- but I know things WILL get better.
Raine on 06/23/2010 18:43:29
Quote by TriSec:
New Post.
I'm sure you won't like it.
Hell, I don't like it. But screw saving the world today; can I save my family?
I know things have been rough. I don;t think you are alone in feeling this way -- but I know things WILL get better.
Comment by livingonli on 06/23/2010 18:46:59
Kitties!
livingonli on 06/23/2010 18:46:59
Quote by Raine:
Alright. I am calling a time out here.
This blog needs this today:
Kitties!
Comment by BobR on 06/23/2010 18:50:13
I disagree with the premise that the economy is better under the Republicans. They so thoroughly wrecked it in 2008 that we are still trying to recover. Like the oil spill in the Gulf, the groundwork was laid by the Republicans, and now the Democrats have to clean up the mess.
BobR on 06/23/2010 18:50:13
Quote by TriSec:
New Post.
I'm sure you won't like it.
Hell, I don't like it. But screw saving the world today; can I save my family?
I disagree with the premise that the economy is better under the Republicans. They so thoroughly wrecked it in 2008 that we are still trying to recover. Like the oil spill in the Gulf, the groundwork was laid by the Republicans, and now the Democrats have to clean up the mess.
Comment by Raine on 06/23/2010 18:51:28
Raine on 06/23/2010 18:51:28
Hmmm -- Petraeus was the US Central Commander. He is stepping DOWN to fill McChrystal's shoes. Stanley was the one who reported TO Petraeus ....
Very interesting indeed.
Very interesting indeed.
Comment by Will in Chicago on 06/23/2010 18:52:39
Will in Chicago on 06/23/2010 18:52:39
Good afternoon, bloggers!
BobR, thank you fr an insightful blog. I think that we need serious financial reform and disclosure on the financial interests of office holders and candidates for office.
Raine, I am sorry to hear about Fran and Monty as well. My Dad had a corgi (we did not realize he was one at the time) named Tiny who was the most mischief that you could find on four legs.
Be comforted in your sorrow, and remember that you were loved. You Aunt Fran was loved and I think the love of family and friends will see all of you through a tough time. Hang in there, my friend.
On my front, we lost power here for over an hour due to a round of storms. So, I am playing catch up on a few applications.
BobR, thank you fr an insightful blog. I think that we need serious financial reform and disclosure on the financial interests of office holders and candidates for office.
Raine, I am sorry to hear about Fran and Monty as well. My Dad had a corgi (we did not realize he was one at the time) named Tiny who was the most mischief that you could find on four legs.
Be comforted in your sorrow, and remember that you were loved. You Aunt Fran was loved and I think the love of family and friends will see all of you through a tough time. Hang in there, my friend.
On my front, we lost power here for over an hour due to a round of storms. So, I am playing catch up on a few applications.
Comment by BobR on 06/23/2010 18:56:14
I might also add: How many Republicans voted to extend COBRA benefits?
BobR on 06/23/2010 18:56:14
Quote by BobR:Quote by TriSec:
New Post.
I'm sure you won't like it.
Hell, I don't like it. But screw saving the world today; can I save my family?
I disagree with the premise that the economy is better under the Republicans. They so thoroughly wrecked it in 2008 that we are still trying to recover. Like the oil spill in the Gulf, the groundwork was laid by the Republicans, and now the Democrats have to clean up the mess.
I might also add: How many Republicans voted to extend COBRA benefits?
Comment by TriSec on 06/23/2010 18:59:20
One for the av-dorks:
TriSec on 06/23/2010 18:59:20
Quote by Raine:
Alright. I am calling a time out here.
This blog needs this today:
One for the av-dorks:
Comment by Will in Chicago on 06/23/2010 19:04:14
Will in Chicago on 06/23/2010 19:04:14
I will add this.
And this.
And this.
Comment by Raine on 06/23/2010 19:04:54
Raine on 06/23/2010 19:04:54
Oh, Will.... Words fail me.
Thank you.
Thank you.
Comment by wickedpam on 06/23/2010 19:06:24
wickedpam on 06/23/2010 19:06:24
PUPPIES!!!
Comment by clintster on 06/23/2010 20:17:23
clintster on 06/23/2010 20:17:23
And just to throw something into the mix: "Star Trek" meets Ke$ha.
Comment by livingonli on 06/23/2010 20:38:21
livingonli on 06/23/2010 20:38:21
What does it say when you get to work and you have cat hair on you?
Comment by BobR on 06/23/2010 20:47:21
Awesome!
BobR on 06/23/2010 20:47:21
Quote by clintster:
And just to throw something into the mix: "Star Trek" meets Ke$ha.
Awesome!
Comment by BobR on 06/23/2010 20:47:48
you have cats?
BobR on 06/23/2010 20:47:48
Quote by livingonli:
What does it say when you get to work and you have cat hair on you?
you have cats?
Comment by 
Mondobubba on 06/23/2010 20:50:50
Awww poop! I am so sorry Raine. Yeah it has been a shitty week.
Mondobubba on 06/23/2010 20:50:50
Quote by Raine:
Since I share so much of my life with you guys here on the blog, I hope you don't mind me sharing My Aunt Fran's obituary.
Sorry guys, It's been a long week. We were told last Thursday that she was nearing the end of her illness, and Now I guess it's really sorta hitting me. She was such a huge part of my life when I was growing up. Susie was in essence, the 4th Koch sister. She still calls my mom, Mom.
Awww poop! I am so sorry Raine.
Yeah it has been a shitty week.
Comment by Mondobubba on 06/23/2010 20:54:22
Two thumbs up on "Gasland." Thanks for that "Halliburton Amendment" Dick!
Mondobubba on 06/23/2010 20:54:22
Two thumbs up on "Gasland." Thanks for that "Halliburton Amendment" Dick!
Comment by livingonli on 06/23/2010 20:59:35
Isn't that a little obvious? I was laying on the bed and the cat snuggled to my face that she wanted attention.
livingonli on 06/23/2010 20:59:35
Quote by BobR:Quote by livingonli:
What does it say when you get to work and you have cat hair on you?
you have cats?
Isn't that a little obvious? I was laying on the bed and the cat snuggled to my face that she wanted attention.
Comment by Raine on 06/23/2010 21:13:29
That
was
Perfect.
Much needed by myself today!
Raine on 06/23/2010 21:13:29
Quote by clintster:
And just to throw something into the mix: "Star Trek" meets Ke$ha.
That
was
Perfect.
Much needed by myself today!
Comment by Raine on 06/23/2010 21:29:43
I saw the director on The DAily show -- has this aired already?
Raine on 06/23/2010 21:29:43
Quote by Mondobubba:
Two thumbs up on "Gasland." Thanks for that "Halliburton Amendment" Dick!
Comment by Mondobubba on 06/23/2010 21:33:55
Yeah on Mondee. It's on Demand.
Mondobubba on 06/23/2010 21:33:55
Quote by Raine:I saw the director on The DAily show -- has this aired already?Quote by Mondobubba:
Two thumbs up on "Gasland." Thanks for that "Halliburton Amendment" Dick!
Yeah on Mondee. It's on Demand.
Comment by Raine on 06/23/2010 21:44:24
Raine on 06/23/2010 21:44:24
ahhh. Thanks Mondo -- I will check it out when I return -- or tonite if there is time. (Hot in Cleveland is on tonite... )
I rarely decide to watch sitcoms, but come on -- It's got a great cast. Betty White is Funny as hell.
it's been a week that feels like it is longer than it really is.
But thanks for the hedz up. Hey -- did you watch the Season Finale of Treme?
I love that show. LOVE LOVE LOVE it.
I rarely decide to watch sitcoms, but come on -- It's got a great cast. Betty White is Funny as hell.
it's been a week that feels like it is longer than it really is.
But thanks for the hedz up. Hey -- did you watch the Season Finale of Treme?
I love that show. LOVE LOVE LOVE it.
Comment by Mondobubba on 06/23/2010 23:57:34
Hell Yaz! Treme is made of awesome, lightly battered in awesome, fried in awesome, then covered in powdered awesome.
Mondo has been bopping to Galactic all this week. I am also waiting for my Dumpstafunk CD.
Mondobubba on 06/23/2010 23:57:34
Quote by Raine:
ahhh. Thanks Mondo -- I will check it out when I return -- or tonite if there is time. (Hot in Cleveland is on tonite... )
I rarely decide to watch sitcoms, but come on -- It's got a great cast. Betty White is Funny as hell.
it's been a week that feels like it is longer than it really is.
But thanks for the hedz up. Hey -- did you watch the Season Finale of Treme?
I love that show. LOVE LOVE LOVE it.
Hell Yaz! Treme is made of awesome, lightly battered in awesome, fried in awesome, then covered in powdered awesome.
Mondo has been bopping to Galactic all this week. I am also waiting for my Dumpstafunk CD.
Comment by Mondobubba on 06/24/2010 00:02:26
Mondobubba on 06/24/2010 00:02:26
Raine & Bobber, clear your schedules for 8/6/2010. Galatic is gonna be at the 9:30 club.
Comment by Raine on 06/24/2010 02:03:03
Raine on 06/24/2010 02:03:03
ok guys. I am signing off, I think.
I will touch base when I can. *sigh* Looking forward to some serious R&R after tomorrow. I suspect Bobber is too, he's been dealing with a weepy Raine for a week now, on top of dealing with typical Rainy family stuff...
Mom is out of the hospital and resting. K-belle is still heartbroken over Monty having passed on and the funeral is tomorrow. Yeah, today was a bit of a load.
Sheesh.
I will touch base when I can. *sigh* Looking forward to some serious R&R after tomorrow. I suspect Bobber is too, he's been dealing with a weepy Raine for a week now, on top of dealing with typical Rainy family stuff...
Mom is out of the hospital and resting. K-belle is still heartbroken over Monty having passed on and the funeral is tomorrow. Yeah, today was a bit of a load.
Sheesh.
Comment by BobR on 06/24/2010 02:04:46
Are you coming up for it?
BobR on 06/24/2010 02:04:46
Quote by Mondobubba:
Raine & Bobber, clear your schedules for 8/6/2010. Galatic is gonna be at the 9:30 club.
Are you coming up for it?
Comment by BobR on 06/24/2010 02:06:06
Not to mention a hell week at work with a new software release...
BobR on 06/24/2010 02:06:06
Quote by Raine:
Looking forward to some serious R&R after tomorrow. I suspect Bobber is too, he's been dealing with a weepy Raine for a week now, on top of dealing with typical Rainy family stuff...
Not to mention a hell week at work with a new software release...
Comment by Mondobubba on 06/24/2010 02:14:15
:Looks under seat cushions, finds a few pennies: Maybe, maybe not.
Mondobubba on 06/24/2010 02:14:15
Quote by BobR:Quote by Mondobubba:
Raine & Bobber, clear your schedules for 8/6/2010. Galatic is gonna be at the 9:30 club.
Are you coming up for it?
:Looks under seat cushions, finds a few pennies: Maybe, maybe not.