5/9/05

Power Line's "Modus Operandi"

It would be nice once in a while to see someone that claims to be conservative actually think like a conservative for a change. Unfortunately this does not happen too often lately. The reasoning most of the "faux" conservatives always seem to use these days are straight out of their "GOP talking points". If you cannot defend an idea declare the opposition socialist. If you cannot defend your policies declare all naysayers communist. If you cannot defend your behaviour declare your attacker a liberal.

Power Line
There is a familiar modus operandi at work in the accusation by Melody Townsel that John Bolton chased her through the halls of a Moscow hotel throwing objects and screaming threats at her in August 1994. New York Sun reporter Eli Lake has nailed most of the elements of the modus operandi in his article: "New Bolton accuser is a liberal from 'Mothers Opposing Bush.'" Lake reports:

It used to be conservative meant you would stop and think about something before you would speak about it. Now you have these radical right wingnuts that stop to check their "GOP talking points" regardless of how ignorant it makes them look. Instead of addressing the reality that bolton is a whack-job, Power Line chose the ignorant path of the wingnut.

Note to Power Line: Jeff Gannon is NOT the only prostitute that works as a "mouthpiece" for the GOP. (Tough fact to swallow, but this is you Power Line!)

5/8/05

Thanks for tanking the economy bush!

Some more serious news for radical right wing bush supporters to ignore (as per usual...)

BBC NEWS | Business | GM and Ford downgraded to junk
GM and Ford downgraded to junk
Standard & Poor's (S&P) has cut the debt ratings of US carmakers General Motors and Ford to 'junk' status.

The US credit rating agency said its decision reflected tough global competition in the market and slower sales of both firms' leading vehicles.

The downgrades, affecting debt worth about $290bn (�152bn), are the largest cuts to junk in a single day.

A junk status rating suggests that a company is more likely to default on its debt.

Rising costs

With both GM and Ford facing difficult times, analysts had predicted cuts to junk status later this year.

But many were surprised at the speed of S&P's decision.

Last month, GM reported a net loss of $1.1bn in the first three months of 2005, largely due to flagging sales and the rising cost of employee healthcare.

Rival Ford also reported a 40% drop in first-quarter net profits, to $1.21bn, citing falling US sales and rising prices for raw materials.

S&P cut GM and General Motors Acceptance Corp's long-term credit ratings to 'BB', the second-highest junk rating.

S&P's outlook on the new rating is negative, which means another downgrade could be possible in the next 24 months.

Meanwhile, S&P cut Ford and Ford Motor Credit Co's long-term credit ratings to 'BB ', the highest junk rating. The outlook on the new rating is also negative.

GM and Ford, which are the world's number one and three carmakers respectively, said they were disappointed with the downgrades.

Both companies stressed they had ample cash reserves.


The economy is tanking, the market is tanking, inflation is rising, unemployment is sucking unless you want to call flipping burgers a career.

I wonder how happy the soon to be laid off auto workers will be knowing that GM and Ford have plenty of cash on hand? Do you think they are glad that bush is pushing for dismantling social security so they can try and scrape together enough of their oncoming unemployment checks for "investing" in the bush privatization scam?

The only thing worse than Reaganomics? Reaganomics in the incapabable hands of a warmongering fool...