For Old Times Sake
A: WaMu is down.
B: For the count?
A: The government seized it and sold parts of it off.
B: the market is going to look terrifyingly low tomorrow morning, — with that and the bailout deal tripping up
A: Man, I hope this grandstanding shit blows up in McCain’s face.
A: I hope every Democrat goes on the air blaming him for fucking up a perfectly good bailout deal.
A: Paulson literally kneeled before Pelosi begging her to sign onto the deal even after the Republicans decided to ditch it.
A: Literally kneeled! ON HIS KNEES
B: … just, wow
A: The Republican leader completely blindsided everyone by backing out.
A: And McCain, brave leader that he is, declined to take a position on the matter.
B: What’s Obama’s position?
B: was he publically supporting it?
A: Not clear — still reading
A: The deal that was fucked over didn’t include all the principles he’d laid out, though
B: Yeah. That’s why I was curious. Hadn’t heard anything though
B: Both candidates are probably smart to let this play out, since even voters don’t know what they think
A: But McCain just ramming himself in at random, contributing apparently nothing.
B: The media seem to have gotten away a little, for now, from the ‘horse race’ mentality, re: the campaigns
B: they are, in their own retarded way, focusing on the substance of each candidates’ economic perspectives
A: Maybe they’ll just stay in this mode.
A: The retardation is ultimately what makes it sustainable.
B: Not sure they can keep it up more than a couple of weeks
B: once the bailout is ratified, the media will brush its hands as if to say Mission Accomplished, and move on
A: No follow up on if it “worked”
B: Oh, of course not
B: until, of course, the next crisis
B: and they’ll strain to recall its etiology
B: but all the while, just be plain shocked
B: That’s what I disagreed with in CR’s post from a couple of weeks ago — saying we should take the financial situation seriously, and not be gleeful
A: No one is taking it seriously.
B: The people who have been taking it seriously all this time are due a little glee
A: It is literally one of those things where I can’t believe they didn’t see it would be a problem.
B: I know. It’s something you really should laugh about
B: it is, when assessed from a distance, a comedic situation — a classic comedic setup
B: where the audience should’ve been in on the joke
A: I think that partly why so few people in the general public understand it is that they can’t believe it.
A: “We gave out basically fraudulent loans like they were candy, but we didn’t give a fuck because we were repackaging them into opaque securities that we were selling to people like they were an absolute sure bet.”
B: Maybe because the caricacture of Wall Street tycoon actually proved true
B: Everybody always believed the Wall Street execs were corrupt. But didn’t really want to be faced w/ the fact that they are in fact as corrupt as they thought.
B: I think that’s why we’ve tolerated Bush’s crimes
A: In a way, their strategy was brilliant: be so over the top evil that no one would believe they were that evil.
A: Anyone telling the honest truth sounds like a crazy conspiracy theorist.
B: Right. And nobody ever wants to be called that
B: Even if there is, in fact, a conspiracy
B: “conspiracy theory” has turned “conspiracy” into something that can never actually happen
B: when, in fact, conspiracies happen all the fucking time!
B: The problem w/ the conspiracy theorists is that they go after the arcane and unprovable, w/out actually going after the feasible stuff .. which, as shown w/ Nixon, can bring down power
B: Clinton, even — stupid as it was, it COULD’VE brought down power
A: Yeah, that was just some petty shit that someone got a little overly curious about.
B: It’s always the little crime
A: The overreach
A: Like Al Capone’s tax evasion
B: I think we’re at a point in our history where we’ve lost all sense of curiosity
B: everything is “interesting” (in the sense that “It will be interesting to see what happens when / if __________________) … but we’re not actually curious about it
B: we’ve lost the capacity to say, “But, hey, wait, that doesn’t make sense ….”
A: Yeah, just purely observers.
A: It’s like the world is Family Guy, just one random thing after another. No one investigates the underlying logic of a Family Guy episode.
B: Exactly. How do you not suppress something like “apocalyptic glee” when everybody finally sees what you’ve been seeing for a while?
B: it’s like a game of charades
B: even after you lose, there is a release finally to say out loud what you’ve been trying to convey
A: One of the most galling things — for example, I read this news story that speculated about whether McCain could get some credit for whatever deal finally occurs.
A: No inkling that maybe if he falsely took credit, a reporter could investigate his role and then put the facts out there.
A: The journalist themselves are passive observers!
A: It’s like we’re all just watching TV, all the way down, and no one is actually creating the programming. We normal people turn on the TV to watch OTHER people watch TV
A: I really think it would be better if reporters were conscious of their roles.
A: At least we’d get some interesting writing out of it.
B: Some of the best instances of journalism I’ve seen is the off-camera stuff, when they don’t realize the camera is rolling
B: It’s a bit like my best blogging is basically IM conversations w/ you and C.
A: Me too, though normally it’s actually verbal converations.
A: Which is why my blogging sucks so much.
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