Saturday, December 6, 2008

Quick Hits

Random thoughts on call:

-Why is the Democrat never the one in the lead when there's a close federal election?

-Who wants to make wagers on how soon after January 20th Supreme Court justices start to retire? I think there'll be at least 2 next year.

-I continue to be confused by the psychology of the stock market. The Labor Department announces the worst one-month loss of jobs since 1974 AND adds more lost jobs to the totals from the prior 2 month, and stockholders respond by sending the Dow up 250 points.

-Actually, I'm not confused. Traders, analysts and pretty much everyone else make money when the market goes up. So when there's good news, the market goes up cuz things are good. When there's bad news, the market goes up cuz, so the thinking goes, things are so bad now that it has to improve eventually. Amazing how people will interpret data when they have a financial interest in the outcome.

-Maybe LeBron James and the Cavs are playing a mind-game with the rest of the league. By dangling the possibility that he'll leave Cleveland and play somewhere else in 2 years, teams such as the New York Knicks have been trying to get rid of expensive players so they'll have money to hire LeBron in 2010 but making their current team worse in the process. This makes the Cavs more likely to win in the next couple seasons, as the other teams are worse.

-Is there any reason to appoint Gen. Shinseki, who's the guy who was fired after saying we'd need "several hundred thousand" troops for Iraq, your VA Secretary other than to poke Bush in the eye?

-hehheh. "Poke Bush"...

-I like Chris Matthews, but if he really runs for Specter's PA Senate seat, I'm not voting for him. Governing is way different from talking about governing.

-Remember when Bush vetoed an increase in funding for children's health insurance last year, which would have resulted in millions more children being covered, because it cost too much? The $34 billion being discussed for the Big 3 automakers could have paid for the increase for about 5 years. The $700 billion bailout could have paid for a century.

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