A Second Hand Conjecture

Longtime Clinton ally Leon Panetta pronounces Barack Obama “intimidated” by Sarah Palin, and lost in a deepening cycle of reactive defense. With McCain now winning a majority of independents and erasing the gender gap, the blood is most definitely in the water. It’s now a legitimate question to ask whether McCain can finish him off. My sense is that the Obama campaign isn’t too many more mistakes removed from a serious structural collapse in a significant segment of its support outside the Democratic ranks. Panetta is quite right, Obama needs to regain the initiative and fast.

On that matter Jonathan Freedland is pessimistic. So much so, that he is evidently consumed with stomach pains of grief. He warns us that the entire planet will seek revenge against the United States if we fail to appoint Obama president.
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When you’re Speaker of the House, I guess that, in addition to all your other powers, you can make language mean whatever you wish it to mean.

PELOSI: I’m never certain of anything. Today, I would be certain. I just think that it is the opportunity for our country to move away from Washington.  You know, I’m the Speaker of the House. I’m an outsider in Washington, D.C. .  Business as usual in Washington is not in the people’s interests. It there’s for the special interests.

KING: You would be the ultimate insider, wouldn’t you?

PELOSI: Well, I — you would think. But I…

KING: The speaker of the House isn’t an insider?

PELOSI: Well, they didn’t want me to be Speaker of the House.

KING: But you are.

PELOSI: I had to fight these special interests. And now to make the change, we have to have a Democratic president. And Barack Obama has done more than anyone in terms of passing the toughest ethical bill — ethics bill in Congress, to shed the bright light on transparency on the link between special interests and legislation in Washington.

Even Larry King is incredulous at the notion that a chosen Speaker of the House would not be the ultimate insider!

The amazing thing is that these politicians can get on national TV and make ludicrous statements with a straight face.

Ah, well.  They have got lots of practice at it.

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Buy a second house in Sacramento with no money down for 535k even as housing is going down in price. Run for congress. Need money for campaign, but can’t do that and make mortgage payments on a house losing value. Answer to this dilemma?

Let the house go into foreclosure, loan your campaign a bunch of money, neglect the property, win the seat and use contributions to pay yourself back. Uh, House becomes an eyesore and Washington Mutual looks stupid for making the loan.

I think this story pretty much sums up our political class, the stupidity of the mortgage lending market and why California’s housing market is in free fall.

Update: She claims the story is incorrect.

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Ralph Hardy, a 13 year old from Newark, Texas confessed to ordering an extra credit card from his father’s existing credit card company, and took his friends on a $30,000 spending spree, culminating in playing “Halo” on an Xbox with a couple of hookers in a Texas motel.

One of the best parts of this story,? (and there are many)

Ralph’s ambition is to one day become a politician

Oh I think he’s well on his way already. The question is, is this story true?

(HT The Shag)

UPDATE: Looks like it was not true. Thanks to FzxGkJssFrk in the comments.

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This was a post better suited for yesterday and Fred’s withdrawal, but I suppose I let myself get distracted without posting it. It should go without saying that while I was unsurprised by the event, it was nevertheless disappointing. But not so much because we are now bereft of any reasonable alternative in the Republican field, but because it seems to confirm that registered Republicans by a large margin, are using unwelcome criteria to evaluate candidates. In fairness, that impression has been with me throughout Fred’s campaign, since I’d found myself to be fond of Thompson because of the reasons he failed to appeal to almost everyone else.

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