Too freaking funny

What on Earth can the Nobel committee possibly be thinking? The man hasn’t even closed Guantanamo Bay or ended either of the two military occupations he promised to end!

OSLO/WASHINGTON (Reuters) – U.S. President Barack Obama won the Nobel Peace Prize on Friday for offering the world hope and striving for nuclear disarmament in a surprise award that drew both warm praise and sharp criticism. The bestowal of one of the world’s top accolades on a president less than nine months in office, who has yet to score a major foreign policy success, was greeted with gasps of astonishment from journalists at the announcement in Oslo.

As I said, this administration is seriously outperforming its comedic potential. I wonder what their rationale for it will be… for excellence in presidenting while black? First Arafat, then Krugman, now Obama. At this rate, it won’t be long before they’ll be giving out Nobel Prizes en masse to minority kids who manage to graduate from public high school.

But at least this teaches us one thing. As Parrothead Al suggested, JaMarcus Russell has got to be a shoe-in for NFL MVP now. And it may even lay the foundation for a unique opportunity in political governance! If the Eurofascists manage to finish ramming the European ConstitutionLisbon Treaty down the throats of the Europeans who didn’t vote for it sometime in the next three years, the European Commission could then select Obama to be the President of the European Union as well as the United States.

Actually, this would be Stimulus #3

How quickly they forget the $168 billion Bush stimulus package, even as they begin work on a new one:

Confronted with big job losses and no sign the U.S. economy is ready to stand on its own, Democrats are working on a growing list of relief efforts, leaving for later how to pay for them, or whether even to bother. Proposals include extending and perhaps expanding a popular tax credit for first-time home buyers, and creating a new credit for companies that add jobs. Taken together, the proposals look a lot like another economic stimulus package, though congressional leaders don’t want to call it that.

Question: if the economy is already in a recovery that began in the summer of 2009, why is a third stimulus package required?

Bulls can fly

This chart is the sort of indicator that inspires me to construct phrases such as “larger in scale and scope”. Notice that the P/E ratios are significantly higher than they were prior to the 2000 crash.