What a bunch of emo idiots

The JournoLister reaction to Obama’s election. It’s an amusing exercise in competitive moral posturing between white progressives… it would appear black rule is the goal towards which they wish to progress because it’s worked so well everywhere from Atlanta to Zimbabwe.

DAVID ROBERTS, GRIST: It’s all I can do not to start bawling.

LUKE MITCHELL, HARPER’S: I’m picturing something like VJ Day in Times Square. Seriously!

JOHN BLEVINS, SOUTH TEXAS COLLEGE OF LAW: It’s all I can do to hold it together.

MOIRA WHELAN, NATIONAL SECURITY NETWORK: I’m looking across the street at my polling place, and the line is wrapped around the block. I nearly burst into tears when I saw it. I’m feeling like today is closing the door on a terrible era, and opening another. I’m glad you started this thread because I was feeling kind of like I was the only one who is deeply emotional today.

HENRY FARRELL, GEORGE WASHINGTON UNIVERSITY: I had to close my office door yesterday because I was watching YouTube videos of elderly African Americans saying what this meant to them and tearing up.

JOSH BEARMAN, LA WEEKLY: 11 months ago I burst into tears by myself on a plane while watching Hardball when my mind wandered to the image of President Obama being sworn in. I’ve been fighting it ever since.

EZRA KLEIN, AMERICAN PROSPECT: OHIO!

ALEC MCGILLIS, WASHINGTON POST: If you need further proof that VA is looking to go blue, check out what’s going on in VA-5 in deepest Southside Virginia, where Tom Perriello, my college roommate and a very good guy, is now up .06 percentage points — 2,000 votes — against Virgil Goode with 88 percent reporting.

GREG ANRIG, THE CENTURY FOUNDATION: This is really happening.

ADELE STAN, THE MEDIA CONSORTIUM: At last I can breathe.

SPENCER ACKERMAN, WASHINGTON INDEPENDENT: YES WE DID!

STEVEN TELES, YALE UNIVERSITY: I’m not sure why, but this part of the Battle Hymn of the Republic came to me . . . . Glory! Glory! Hallelujah! Glory! Glory! Hallelujah! Glory! Glory! Hallelujah! Since God is marching on.

SPENCER ACKERMAN: [quoting Obama] “…we may not get there in one year or in one term, but America I promise you, we as a people will get there.”

HOLY. FUCKING. SHIT.

MICHAEL TOMASKY, THE GUARDIAN: I’m just jelly. Lord!

HAROLD POLLACK, UNIVERSITY OF CHICAGO: I am awed by the responsibility we have taken on. Tomorrow a desperately ill African-American woman will present at my university hospital for care, and she will be turned away.* She will expect us to live up to what we feel tonight. So we’ve got a lot to live up to.

All this for an incompetent and probably ineligible half-negro who is doing his clueless best to turn America into a bankrupt Detroit. No wonder they’re so bitter about his rapid political implosion. As I see it, the only fitting end for them would be to have their hearts torn out at sunrise and offered to Quetzalcoatl by Aztlan separatists on the UCLA campus as part of the celebrations accompanying the first Rodriguez inauguration in 2020.

Yeah, they’ll get there. They won’t like it when they do, but they’ll get there. The problem is that they’ll take you with them.

*Special bonus humor. Michelle Obama was responsible for instituting this patient-dumping program at this very hospital.

Already a lame duck

This is why Obama won’t be on the ballot in 2012:

A year after President Barack Obama’s political honeymoon ended, his job approval rating has dropped to a negative 44 – 48 percent, his worst net score ever, and American voters say by a narrow 39 – 36 percent margin that they would vote for an unnamed Republican rather than President Obama in 2012, according to a Quinnipiac University poll released today.

Of course, if the pollsters had asked about any Disney cartoon character, Obama would have fared even worse. While I have no doubt that the Republicans would like to do their utmost to throw the election by nominating a RINO in the Dole/McCain vein, they’re going to be far too busy attempting to discredit Ron Paul and co-opting the Tea Party to pay much attention to laying down for Obama. The real threat to Obama comes from within the Democratic Party; the Lizard Queen has been remarkably quiet for the last eighteen months and I don’t believe for a second that she has abandoned any of her presidential ambitions.

She’s reinvented herself as a moderate in comparison with Obama, and now that the first black president is a failure, she can still hope to break new ground as the first female president. And she won’t be the only Democrat to challenge Obama, in fact, she probably won’t even be the first. Once a fringe challenger begins to look capable of upsetting Obama’s primary nomination, the party elders will begin putting pressure on him to stand down in favor of a more popular, more moderate Democrat, like the Secretary of State.

One more thing. If you look at Obama, does he look like a man who enjoys being president? I think he knows he’s in way over his head and might even welcome the chance to get off the hot seat.

TARP rape

In case you were wondering where those record financial industry profits are coming from:

Increased housing commitments swelled U.S. taxpayers’ total support for the financial system by $700 billion in the past year to around $3.7 trillion, a government watchdog said on Wednesday. The Special Inspector General for the Troubled Asset Relief Program said the increase was due largely to the government’s pledges to supply capital to Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) and to guarantee more mortgages to the support the housing market.

It’s a brilliant business plan.

1) Gamble billions of dollars.  If you win, gamble more.  If you lose, go to step 2.
2) Ask the government to pay you trillions of dollars to prevent you from going bankrupt.  Otherwise cats and dogs will start living together!  Tanks on the streets!
3) Profit!

PS – Don’t forget to pay yourself millions of dollars in bonuses for your incredible and irreplaceable business acumen.

This is nothing less than financial rape by politics. It amounts to locking up one-quarter of the economy to guarantee the continued operation of the financial sector, which somehow can’t survive on only one-third of all American profits.

If you want to understand how America threw away its post-WWII economic advantage over the rest of the world, just look at that chart.  And notice how the fall in financial profits corresponded with the nation’s climb out of the 1970s economic malaise.  Profits are the economy’s lifesblood, but diverting those profits to the financial sector has the same effect as a vampire draining the blood out of a human body.  When the historians of the future write the history of America’s decline and fall, you can be sure that the Congress-assisted TARP rape will be marked as a significant event in that process.