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Lindsey Graham would consider nationalizing banks; Barack Obama dithers about preserving capitalist culture

Yesterday, the new U.S. President played basketball and then watched the NBA all-star game with a friend. He’s been enjoying a vacation in Chicago, seemingly unconcerned that we are in the midst of a financial crisis the like of which we haven’t seen since the 1930s.

Not everyone is so relaxed and carefree. Yesterday Nouriel Roubini wrote in the Washington Post that “We’re all Swedes now,” arguing that the US banking system is on the ropes and the only solution is nationalization. But Barack Obama insists we just can’t do that because we are Americans–or something like that.

“Obviously Sweden has a different set of cultures in terms of how the government relates to markets and, and America’s different. And we want to retain a strong sense of that private capital fulfilling the core — core investment needs of this country,” he says. “And so, what we’ve tried to do is to apply some of the tough love that’s going to be necessary, but do it in a way that’s also recognizing we’ve got big private capital markets and, and ultimately that’s going to be the key to getting credit flowing again. ”

Via Joseph Cannon, (since I don’t watch TV much) I learned that while Obama played, Republican Senator Lindsey Graham appeared on This Week with George Stephanopolos and sounded a lot more like a Democrat than the new POTUS.

U.S. Sen. Lindsey Graham says the idea of a government takeover of private banks — once considered a radical proposal — might be the best solution for the financial industry’s problems.

Graham, a South Carolina Republican, made the comments Sunday on ABC’s “This Week” program.

“I would not take off the idea of nationalizing the banks,” Graham, who sits on the Senate Budget Committee, told George Stephanopoulos on Sunday’s program.

“This idea of nationalizing banks is not comfortable, but I think we have gotten so many toxic assets spread throughout the banking and financial community throughout the world, that we’re going to have to do something that no one ever envisioned a year ago — something no one likes,” Graham said.

Roubini understands the reactions of many politicians to the notion of nationalization:

“Many US banks are insolvent, even the major ones,” argues Roubini, professor of economics and international business at NYU Stern, New York University’s business school, without naming names. “Call it nationalisation, or if you don’t like the dirty N-word, use ‘receivership’ or whatever is palatable.”

Call it what you want, says Roubini, but without nationalisation of some of the major banks in both the US and the UK, the banking crisis will get worse and the current recession deepen.

“If the problem of banks is one of liquidity, you can do anything you like, which seems to me what the US Treasury wants to do,” he says, with reference to US Treasury Secretary Tim Geithner’s slightly-fumbled banking bail-out plan launched last week to much disregard from Wall Street.

“But if the banks are insolvent, none of these will work,” says Roubini of Geithner’s three-part plan which includes stress-testing major banks to see if they need more public capital.

“To see which banks are insolvent, a stress test is a step to making these tough decisions,” he says, tough decisions which are so politically charged that they need to be “done right” due to the number of stakeholders involved who face being wiped out if nationalisation were to occur.

“Triage the banks that are solvent but illiquid, and those that are beyond redemption need to be nationalised. But it’s urgent to do it sooner rather than later. Let’s not wait another 12 months.”

Get off your duff, Obama. If Lindsey Graham of all people can see what’s happening, you need to wake up and smell the coffee too. Get your sorry a$$ back to Washington and light a fire under “Tiny Tim” Geithner. We don’t have any more time to waste!

192 Responses

  1. Gah! I hate that he used the trite “tough love” analogy — especially since it isn’t tough love & it is pandering to the banking interests.

  2. Whatever, Angie. I hope this wakes Obama up to reality.

  3. So in other words, no matter how much money is thrown at the problem the banks will not recover. The government will fold many and build the more healthy ones up?

  4. The banks can’t recover if they are already insolvent. As Dakinikat keeps saying, they basically need to go through a bankruptcy process–which already happened in the ’80s with the Saving and Loan failures.

  5. It enfuriates me that Obama has been photographed dining out, playing basketball and going to watch the NBA all-star game (in jeans!) this weekend, while people are losing their homes, their jobs, and their life savings.

  6. I just don’t want Nancy Pelousy doing to the banks what shes done to the Congress.

    And yes, BO needs to be doing something other than having a holiday. Nero fiddling anyone?

  7. Yeah BB, that bothered me too. The country is going to hell in a hand basket and it his going on his little valentines day weekend retreat to chicago, reminded me of this:

    GWB when Katrina was striking the Gulf Coast.

  8. Not only going out, but think that he and Michelle flew AF1 separately to Chicago. The costs are already astronomical, but could they not have flown together? Are they not aware of the condition the economy is in? Are there no restaurants in DC to celebrate V-Day in?

  9. BostonBoomer, You are on a roll lately! I was really bothered by the photos I saw of the Obama’s weekend. It’s a little too close to the “let them eat cake” attitude that shouldn’t belong to Democrats.

  10. You ingrates!

    😉

  11. God forbid!

    Obama miss his hoop time? Please!

    There is no way Obama will remotely consider nationalizing banks. Those that financed his coronation would never allow it!

  12. I personally finding it hard to wake up to reality when I am shooting hoops.

  13. this would be very interesting. I wonder what Chuck Schumer had to say, he barely said a peep.

    It’s a coalition of Maxine Waters and Lindsay Graham. If that aint bi partisanship, I don’t know what is?

  14. BB – this is an important post.
    I agree with everybody about the “let them eat cake” message sent by the Val’s Day trip.
    And no, Mr. Axelrod, when your candidate has moved the DNC to Chicago, going to Chicago is not how you show you are getting out of the “bubble” of DC

  15. Maxine Waters actually gets it.

  16. I don’t trust Lindsey Graham or Obama on this. We really are scr*wed.

  17. IMO, the “culture” would accept nationalization if framed in Krugman’s term, “receivership.” After all, we’ve btdt in the 80’s and it worked out pretty well (cost to taxpayers aside).

    What’s the alternative? Letting the huge money-center banks fail? Because if the gov’t won’t act – quickly – that is going to be the end result. Then: big-D depression for sure.

  18. taggles — oh, I didn’t know Maxine Waters was in on this — then I take it back — I’m on the side of Graham (!!!!) on this one.

  19. Hold tight and take heart. Obama is making another speech this week. That ought to do it!

  20. Chuck Schumer seemed uncomfortable to me. And Lindsay said he voted for TaxVader Geithner because Schumer gave him the creds, and Schumer looked uncomfortable.

  21. So far his hectic schedule has exhausted me!

  22. thank the lord and pass the cranberry sauce Pat!

  23. I was down there yucking it up over all the jokes. Gary’s was funny. What’s a nice sub like you doing in a dive like this? LOL!

  24. Schumer also forced the nomination of Mukasey last year to replace Alberto Gonzalez. After which Mukasey, who refused to answer the question regarding torture, went to work and issued a directive that kept it in effect. Schumer is a tool.

  25. I wouldn’t be surprised at nationalization and honestly don’t think bankers would oppose it that much. Government / industry collusion was at the heart of national socialism in pre-war Germany and is quite the fascist thing to do. Basically fascism = government & big business getting together scr3w over the little guy. Business are guaranteed profits & protection while government is guaranteed abject compliance with increasing control.

    Government has never been the enemy of big business, just small business. Independent entrepreneurs are much scarier to the corruptocracy than GM and Citicorp.

  26. What kills me is that O wants to “take the show on the road” this week and make campaign-like stops to promote his stimulus package. He’s signing the bill tomorrow in Denver, then he flies to Arizona. Lots of money spent flying around on AF1.

    Thing is – if this stimulus package is “just what the Dr. ordered”, why does he have to go to these lengths to “sell it”?

  27. he takes vacay’s when he should be taking staycay’s like the rest of us.

  28. Didnt we do something similar back when the Savings and Loans ran into difficulty? (Make that stealing.)

  29. Did anyone click on the “Tiny Tim” link in the post? You’ll get a laugh if you do.

  30. OMG — Some Like it Hot is on TCM — best.comedy.ever!

  31. And no one sees the irony in this?

  32. Elderj,

    If we keep on trying to prime the pump and end up with hyperinflation, that will be like what happened in Nazi Germany too. I don’t want to see that happen.

  33. He’s still in Campaign mode. He can’t govern so he is doing what he does best…Read a TelePrompTer!

  34. If this were another person the media would be sharpening the knives, picking apart this campaign mode style of governing. But no. They applaud from the sidelines, call this stimulus vote a “victory”, praise him for his coolness, and follow him to the next “campaign stop”.

    I would advise that he sit his bony ass into a chair in the Oval and start to work. High fiving, hoot shooting, gym workouts, and California cuisine aren’t doing it for me.

  35. He’s still in Campaign mode. He can’t govern so he is doing what he does best…Read a TelePrompTer

    I read somewhere that they’re going to install a prompter in the podium in the press room so when he’s asked questions he will be able to answer them without sounding like the bozo that he is

  36. We ought to start counting the days he is actually in Washington DC at the White House.

  37. Heidi! I’m a huge Eddie Izzard fan as well. (from previous thread) He’s killer, esp. Dress to Kill. I can watch it over and over and still crack up every time.

  38. Pat J — that’s because to the msm Obama is the Beatles & they are teeny boppers.

  39. Backtrack did not sign to actually do any work. That is against his principles. He is to fly around the country and try to look good. When he is in Washington he is too busy playing basketball to do anything. Isn’t bad enough he has to interrupt his game to sign something. What more do you want from him?.

    WOMEN WITH INTELLIGENCE AND EXPERIENCE , MEN WHO SUPPORT THEM AND COUNTRY BEFORE PARTY ALWAYS

    PUMAS,BUBBAS,EQUALISTS AND THOSE PEOPLE RULE

  40. Valhalla — I saw Eddie Izzard live at the Comedy Store in LA a few years back — I only heard about half the show though because I kept laughing so hard.

  41. RedDragon62, on February 16th, 2009 at 10:05 pm Said:
    He’s still in Campaign mode. He can’t govern so he is doing what he does best…Read a TelePrompTer!
    —————————————————————–
    BO is the ultimate “jet setter”. he doesn’t work, he vacations.

  42. atypical,

    Long time, no see!

  43. I understand that The One got such a boost in the poll when traveling the country regarding the stimuLESS package that he will be going to a different city every week (“at least once a week”)! What a waste of our money!

  44. Looks as if Burris is trying to define what “is” is. Another idiot!

  45. This type of delaying decisions is what we are going to have for the next 4 years. No decision until it has been passed on by a cabinet department, czar of some flavor, at least two Congressional committees, prayed over, had a colonoscopy, dissected, and then an autopsy. It will be no decision before its time and the clock is broken. We will continue to see the campaign mode because movement resembles action, but all the while the hamster travels a million miles in one place.

  46. helenk, on February 16th, 2009 at 10:10 pm Said:
    ….. Isn’t bad enough he has to interrupt his game to sign something. What more do you want from him?.
    ——————————————-
    Methinks he could actually find out what he’s signing before the cameras roll. Iit’s very disconcerting that The One doesn’t know what he’s doing.

  47. Wow, BB. I just read the “tiny tim’ link. I was blown away by this quote, “The president is neither arrogant nor insecure–he exudes the opposite. . . Perhaps he believes the “best and the brightest” will protect him from failure. . .Events are rapidly revealing the nature of this new president, and we have a lot to learn. We know how smart he is, how easily he empathizes with people across the usual dividing lines. We do not yet know if he is wise enough–tough enough–to lead the country to new ground.”

    WFT?? — Is he talking about the same Obama we’ve seen? I think most people either already KNOW he isn’t wise enough, or experienced enough, or tough enough – or they’re figuring it out pretty fast.

  48. Prolix: It is what is known as “reviewing”. You don’t get to do that stuff overnight. Takes time and needs to be fit in between those pesky gym dates and shooting hoops.

  49. bostonboomer, on February 16th, 2009 at 10:12 pm
    ————————————
    Hey, what’s a nice girl like you doing in this dive? Aargh.

  50. Pat Johnson, on February 16th, 2009 at 10:02 pm Said:

    yes, we did, and it is receivership, a long-time method used in capitalist economies for bankrupt entities.

    If Obama were not so afraid of taking any action that might actually risk the campaign for reelection he’s already running, we would be doing something like what we did for the S and L’s.

  51. Happy about the fellow Eddie Izzard fans here. Dressed to Kill is funny – I have everything of his on audio.

    Ok, downtime now. I think.

  52. I really and truly think BO cannot make a decision. He just can’t. It involves too much risk to his ego should he make the wrong decision and have to face the consequences. So we will see Congress govern the country – they will make the policy and O will sign the bills. That way he can say “I didn’t do it. It was them.”

    America is being governed by the monkeys in the zoo and the zookeeper is just watching the show.

  53. Pat Johnson, on February 16th, 2009 at 10:15 pm Said:

    THAT made me laugh. I do love the way you calls likes you see ’em ,Pat J.

  54. angie — sometimes I think we are twins separated at birth!

    I saw Eddie here in Boston. I had the most splitting headache and he just made it worse because it was impossible not to laugh at him!

  55. KJ Montana,

    William Grieder is still under the influence of the koolaid, but it seems to be wearing off. At least he noticed that Obama is planning to steal our social security.

  56. Heidi Li, on February 16th, 2009 at 10:20 pm Said:
    Pat Johnson, on February 16th, 2009 at 10:02 pm
    __________________________________-

    I hate to think of the Resolution Trust being back in business on that kind of a scale.

  57. Pat, you see the “reviewing” meme is everyone’s comments — Axelfraud actually said Sunday, “The President is ready to receive reports.” St. Timothy of the Banks is going to audit the 14 largest banks to tell us they are mostly busted up to their Gulfstreams. If you look to where he’s taking his road show it has been to states that were marginal during the election — we can only hope he has to visit all 57 by 2012.

  58. If we could just sit back and consider that he is really running for 2012 we would be less critical. The last campaign ran for 23 years. Nothing like getting a head start in the next one.

    And he is reminiscent of performers like Don Rickles and Jerry Lewis who refuse to get off the stage, even when you reach the ripe old age of 109 and your liver spots are the only thing holding your center of gravity, because you cannot live without the sound of applause.

    That’s our Obama.

  59. Valhalla — I wouldn’t have missed him for a splitting headache either — but woo! you must have hurt after! I really do wish I could have rewound the parts I missed!

  60. Prolix,

    You are even funnier than usual tonight.

  61. Some Like it Hot:

    Jack Lemmon — I feel naked. Like everyone is staring at me.

    Tony Curtis — With those legs? Are you kidding?

    LMAO!

  62. BB, I got up this morning and I wasn’t myself.

  63. I got up this morning and I wasn’t myself

    I hate when that happens to me. So who were you?

  64. Angie,

    I like that movie, but my favorite MM movie is The Seven Year Itch.

  65. I love Eddie on St Paul’s letters to the Corinthians

  66. Kansas is suspending sending out income tax refunds — does that mean never? Or delayed?

    How many states will be doing this by April?

  67. “my favorite MM movie is The Seven Year Itch”

    Mine too.

  68. bb — I love the Seven Year Itch too (she was definitely in better shape/prettier in that one) but Some Like it Hot is my favorite mainly because of Jack Lemmon’s character — when he gets engaged:

    Jack Lemmon: “I got engaged!”
    Tony Curtis: “Congratulations! Who’s the lucky girl?”
    Jack Lemmon: “I am!”

  69. Marilyn was luminescent in Bus Stop. The role fit perfectly.

  70. katiebird: That is disturbing. First CA and now KS. Who is the next?

  71. myiq2xu did you see the joke on that last thread. It went over like a lead balloon but I thought it was funny.

    Why is everyone surprised at backtrack doing nothing constructive? This is what he is and always was.
    The is what the new democratic party foisted on America.
    May they rot in hell.

    WOMEN WITH INTELLIGENCE AND EXPERIENCE,MEN WHO SUPPORT THEM AND COUNTRY BEFORE PARTY ALWAYS

    PUMAS,BUBBAS, EQUALISTS AND THOSE PEOPLE RULE

  72. myiq2xu did you see the joke on that last thread.

    The one about the pirate with the steering wheel in his pants?

  73. I was gonna let sleeping dogs lie but when they lie like dogs . . .

  74. Oh my god, I just found out Plouffe is going to be the keynote speaker at our state convention. I’m sure he’ll do all teh Sarah jokes he can think of to fill his time.

  75. I still don’t undertstand that joke. I couldn’t hear the punch line.

  76. No the one I posted about the death star cafeteria with dark vader.

    WOMEN WITH INTELLIGENCE AND EXPERIENCE,MEN WHO SUPPORT THEM AND COUNTRY BEFORE PARTY ALWAYS

    PUMAS,BUBBAS, EQUALISTS AND THOSE PEOPLE RULE

  77. Arrrg… It be driven me nuts.

  78. Jack Lemmon: What kind of a girl do you think I am, Mr. Fielding? {slap}

    I love this movie.

  79. I love this line on this AP article about Obama’s weekend…

    It was Obama’s first significant break since taking office on Jan. 20.

    First significant break??? He’s been in office all of 27 days. jeez, we had 8 years of “clearing brush”, now what? “shooting hoops”????

  80. bb — the punch line is “Arrgh! It’s been driving me nuts!”

  81. was that you angie??

  82. gary — I guess we are pretending that little vacay to the spa @ Colonial Williamsburg doesn’t count because he gave a speech there.

  83. I like Steven Wright”s dry humor:
    It’s a small world but I wouldn’t want to paint it.

    Something is wrong with my television; I get Home Shopping Network and C-Span on the same channel. I actually bought a congressman.

    http://www.fortogden.com/fosw.html

  84. taggles — no! I was born a tad bit before youtube & home dvd recorders. 🙂

  85. angie, didn’t he go to camp david for a weekend too? Has he actually even slept in the White House?

  86. the death star cafeteria with dark vader.

    I just watched it – it was pretty good

  87. gary — Camp David! I forgot about that little weekend jaunt! That’s 3 vacations in 27 days by my count.

  88. yeah come to think of it, so was I. jeepers! makin me feel old now!

  89. At Not Your Sweetie there is a post about one thing backtrack had time to do.
    He wrote a letter letting Karl Rove off the hook about testifying before congress on the attorney firings.
    What a Guy/////

    WOMEN WITH INTELLIGENCE AND EXPERIENCE, MEN WHO SUPPORT THEM AND COUNTRY BEFORE PARTY ALWAYS

    PUMAS,BUBBAS,EQUALISTS, AND THOSE PEOPLE RULE

  90. And I think there was another long weekend the week after the Camp David one. But, I can’t remember where they went.

  91. Yes, I was just about to mention Camp David. He went last weekend.

  92. except at Camp David I think he was hitting some golf balls instead of shooting hoops…

  93. The key word being significant, it’s not the first little vacay he’s taken in that long 27 day stretch.

  94. where did he go on his first trip? was it chicago?

  95. He went to FLA to make a speech.

  96. I think there was one before camp david.

  97. Obama governs from that old business model of “30,000 feet in the air”. Literally.

  98. I swear, he works out more than Bush did! And he still has those saggy man boobs.

  99. I like Steven Wright”s dry humor

    I used to practice his deadpan delivery – I would make jokes and people thought I was serious.

    “I lost my job. Well, I didn’t really lose it, I know where it is, but when I go there someone else is doing it.”

  100. before Camp David was that spa in Williamsburg

  101. Taggles,

    I think there was a previous jaunt to Chicago. He can’t seem to stand being in the White House.

  102. really kiki?

  103. hey, kiki someone was looking for you a couple of threads ago, I think it was fuzzy!!

  104. Fuzzy can’t wait to meet Kiki!

  105. I can take about 15 minutes of Steven Wright which is 15 minutes more than I can of Dane Cook. Both from MA.

  106. I like Steven Wright.

  107. gary, wouldn’t you be excited to get into the White House? Especially since he doesn’t exactly do anything of substance, it seems weird that he can’t stay there for two seconds. Bush I guess is a little more understandable since he probably spent lots of time there with his father already.

  108. myiq2xu, on February 16th, 2009 at 11:03 pm Said:
    I like Steven Wright”s dry humor
    ———————————————–
    I’m all mixed up; my nose runs and my feet smell.

  109. Steven Wright is wicked awesome.

  110. After awhile that monotone delivery makes me start looking around for wall to bang my head against, just wishing for the ringing in my ears to drown it out. Like an Obama speech sort of.

  111. “gary”
    I read that too.
    Ugh…!!!!
    The more I see this guy; the happier I am that McCain/Palin were the 1st Presidential Republican’s I ever voted for.
    Did I mention I’ve been voting for Pres. since 1980.
    BTW:
    My husband was watching Pelosi’s daughter’s documentary about the election. People were openly questioning Obama & comparing what’s going on with him to Na@i Germany.
    He looked at me like they were ALL out of their minds.
    I remained silent; and quietly prayed he’s right & they are wrong.

  112. He is leaving the country soon, either Canada or Mexico not sure which. They will be so dazzled!

  113. thanks Taggles! I emailed him 🙂

  114. Steven Wright:

    All those who believe in psychokinesis raise my hand.

  115. Right now I’m having amnesia and deja vu at the same time. I think I’ve forgotten this before.

  116. yeah, I’m going to Florida next week and I’m going to meet Fuzzy!!

  117. Okay, okay, some of those lines are pretty funny. Like I said, for the first 15 minutes. After that I start looking in my purse for the cotton that comes in the aspirin bottles to plug up the drone.

  118. kiki: You will have a wonderful time!

  119. when I see these public officials jetting all over the place I always think of all the poor schmucks who can’t afford to take their kids to the beach for a weekend……and they’re paying for it all

  120. Pat,

    I’m with you. The lines may be funny, but his delivery is too deadly for me.

  121. Nasty Nancy is in Rome meeting with the pope.

  122. I’ve seen both Wright and Cook in person. I maybe laughed once or twice. And Cook’s appeal escapes me altogether. He appeals to the very, very young.

  123. The lines may be funny, but his delivery is too deadly for me.

    You probably won’t like the next thread then

  124. I’m planning on living forever. So far, so good.

  125. Nasty Nancy is in Rome meeting with the pope.
    _____________________________________

    She wants to know where he gets his hats. She always has trouble finding the right fit.

  126. Obama has dispatched Nancy to Rome to see if she can speed up his cannonization process. He would like to see it happen before his death.

  127. Myiq,

    Aaaaaaak! What do you have planned for us now?

  128. taggles, maybe he wants to run for Pope. I mean he’s got to start campaigning for the next big job….

  129. LOL! Taggles, he would have to perform a few miracles first. Usually some of the miracles are supposed to happen after death too, aren’t they? Maybe he could short-circuit his review of the stem cell issue by curing cancer and Parkinson’s disease?

  130. I wonder….does Obama realize that *pope* is an elected position? someone should tell him. we could free up 2012 yet

  131. could you imagine pope obama the first.

  132. OK, so what’s the speed of dark?

  133. Prolix: Wait until she finds out his hatmaker is the same one that outfits Aretha Franklin!

  134. I’m a peripheral visionary.
    I see far into the future….
    Just way off to one side.

  135. I guess it wouldn’t be any problem for him to convert. He has no beliefs or values–just does “whatever works.”

  136. a year ago I couldn’t imagine president obama…..so yeah, I can imagine him as pope – why not?

  137. angie and myiq, I get it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  138. I agree with Joseph Cannon that I expected a few Republicans to sound more “progressive” than Obama. But I also agree with blogger Falstaff that Obama isn’t a conservative in liberal’s clothing. He’s just what many of us predicted him to be: a blank sheet of paper, an empty suit, a person who has no idea who he is or where he stands. He’s only cared about doing whatever he could to get to the top without even thinking about anyone else. It is why he can sound like a conservative because he seriously doesn’t understand the difference. He goes with whatever the status quo is until an adviser tells him differently.

    Here is what Falstaff said:

    I don’t think this can be understood in conscious terms or in the sphere of political judgment. Contra some PUMAs, I don’t think he’s some kind of clever right-winger in liberal’s clothing. I think we’re seeing someone with a deep need not to be seen — including (indeed, most importantly) by himself. In stark contrast to Hillary, he doesn’t have the first idea who’s actually in there. He’s even hiding in his autobiography, where he becomes more opaque as one reads.

    Thing is, this job does not permit invisibility. As I’ve also posted elsewhere, he’s walked out onto the biggest stage of all, and he won’t get off it without us and him knowing who, in fact, he is. That’s the case in palmy times, and it’s certainly the case in a tempest.

    Having said all that, my point here was somewhat simpler. It was about preparation. I did credit him with skill at that. He was better prepared for some aspects of the primaries than was Hillary – he had what turned out to be an intelligent game plan. It was all he had, of course — his ability to run plays was really limited, all float-like-a-butterfly, no sting-like-a-bee. But figuring out about the Net, about the generational emotions of Millenials, and about how to game the caucuses was smart tactically. But it turns out that his ability to prepare seems to be limited to campaigning. He and his team don’t seem to have been able to prepare for actual governing.

    And the question he faces, and that we all face, is whether he can become a person in real time, in the midst of the tempest. Or, more accurately, what person it’ll turn out is in there, what person he has been so terrified of his entire life and that he’s pervasively and energetically kept in the box. And, then, whether than person is up to the demands of the moment.

  139. LOL Benedict will gracefully swallow poison if he finds The One is interested.

  140. yeah, and he has a lot in common wit the current pope..they’re both sanctimonious assholes!

  141. wonder….does Obama realize that *pope* is an elected position? someone should tell him. we could free up 2012 yet
    ———————————–
    That’s the best plan yet. He might just go for something new in a couple of years-and it’s warmer there too.

  142. Pat, one more?

    what’s another word for thesaurus?

  143. BB, he performed the miracle of getting elected to office with that thin resume and corrupt back ground.

  144. OMG! There at the part in the movie when Jack Lemmon & Osgood (Joe E. Brown) are doing the tango!

  145. et tu kiki????

  146. Poor Pat. Why do they torture you like this?

  147. The pope opposes gays, abortion, and stem cell research. So far, so good with the Obama comparison. Peas in a pod. Throw in Rick Warren and we have a trifecta.

  148. Pat, You’re outnumbered.

  149. He doesn’t belong to any church right now, so may he can convert to catholicism.

  150. I’m sorry Pat…..no more Steven from me!

  151. Go ahead, kiki, I can take it.

  152. LMAO!!

    Tony Curtis: These are real diamonds!

    Jack Lemmon: Of course they’re real! What do you think, my fiance’s a bum?

  153. he’d love catholicism – he wouldn’t even have to pay the nuns 73 cents on the dollar

  154. Obama can have my spot if he wants to convert. I gave it up.

  155. Would you prefer Sam Kinison?

  156. DV, I think Obama’s theme song is “why bother?” He’s not as dumb as he appears, but since he gets by just fine doing as little as possible, he has no incentive to step up. And I don’t see that he ran a smart campaign, either. What he tapped into was that there are a lot of people who yearn for something and wnated to project that on to him, and that a lot of people are terrified of women and lower class people. But that didn’t even carry him through the primary without fraud, and in any other year talking down to teh American people would never ever have worked. He’s not any more politically skilled than he is substanive he just got lucky to have corrupt buddies in hgh places in a year when a toadstool could have won as a Dem.

  157. BO joined a church for political purposes. I have never thought he was actually a religious person, unless you consider self worship a religion

  158. Why are there braille dots on
    the keypads at drive up ATMs?

  159. Now Sam Kinison was funny!!! And I also like Lewis Black most of the time.

  160. Pat J — I love Lewis Black!

  161. I love Sam Kinison.

  162. And he came to be from the immaculate deception. His magi is 100 times better — he’s got 300. And don’t forget there wasn’t any room at the Blair House when he came to town. We are on to something.

  163. I met a lady in generic food aisle at the supermarket. Her name was ‘woman.’

  164. Prolix: You did it again! My hot chocolate is no more.

  165. I like Lewis Black too

  166. I think Jake Johannsen is my favorite comedian.

  167. elderj: Admittedly, I had to laugh at that one.

  168. elderj, a churchgoing friend just said yesterday that she has a hard time seeing him as a churchgoer, he’d be tearing down pictures of Jesus and putting up his own posters. lol

  169. My friend got arrested for counterfeiting.
    He was making pennies.
    They caught him because he was putting
    the heads and tails on the wrong sides.

  170. atypical—why do they show you how to use the floatation device on cross country flights?

  171. Remember Kinison on Ted Kennedy?

    “He was never a real Kennedy! Teddy was the Shemp of the Kennedys! He wasn’t Moe, he wasn’t Curly — he was the Shemp of the Kennedys!”

  172. I am trying to decide which wall to use when I start banging my head against it. Fortunately I have a choice of 4.

  173. If Obama became Pope visitors wouldn’t kneel and kiss his ring, they would have to bow and kiss his feet.

  174. more like kiss his ass…

  175. Angie,

    I like the scene in that movie “Back to School” where Kinison is a prof. and he starts ranting about Vietnam.

  176. Just doing a drive-by (it’s been a looong day and I’m pooped) to say that I too am completely disgusted with Barry’s jet setting jaunts. Of course, the media will NEVER call him to account for this wasteful spending, nor ask what the hell he’s doing living it up and taking so much time off while so much of the country is going under. Can’t remember which prominent Repub it was, but someone spoke out late last week, loudly and clearly condemning Obama for having had practically nothing to do with the stimulus legislation. His only role, of course, was playing at being president. Disgusssssting!

  177. and having super bowl parties for republicans….

  178. I don’t think he wants lips that don’t touch arugala to touch any part of his body. We can kiss cardboard cutouts at the horse trough after being deloused while he watches on closed circuit TV from teh throne room.

  179. I have a cardboard cutout as a matter of fact. And if asked, I will definitely refuse to kiss his ass! My standards may be low but they are my standards.

  180. New thread up

  181. gary, I am just setting you up. Let’s go into movies together.

  182. gary — Camp David! I forgot about that little weekend jaunt! That’s 3 vacations in 27 days by my count.——————————————————————————
    By the way, didn’t he go to Hawaii again, not too long ago?

  183. He and Mo are trying to get all of their perks up front before someone notices that the Invisible Man isn’t there.

  184. …..but he left his senate seat early because there was so much work to do….

  185. angienc2, I am with you. I love Some Like It Hot, especially Jack Lemmon! (Although all the performances are just great and there are so many fine lines.) And what a great Valentine’s movie!

    djmm

  186. Besides Izzard, Steven Right

    Boycott shampoo! Demand the REAL poo!
    I used to have an open mind but my brains kept falling out.OK, so what’s the speed of dark?

  187. That was Steven Wright

  188. PJ ~ last night was the first time in a long time I turned on the TV and just let it play. Lo and behold, ET was of course featuring the first couple. This VD weekend trip was portrayed as “humble” because the first couple really”sees themselves as temporary reisdents of the WH and will always be Southside Chicagoans” and “FRUGAL” Michelle taking a doggie bag (where’s the dog?) for a late night snack.

    Of course there was no mention of “frugal michelle” and her private and solitary AF1 flight. Ya know ~ you’re right there are wonderful restaurants in DC…but ya know what else! The rest of us live without PERSONAL CHEFS and a full staff to cater to our every need. Even one dinner in the WH would be more extravagant and elegant than any dinner I’ve ever had.
    But the poor Obamas must escape this burden…. at our expense. I simply can’t take 4 years of this….. 😦

  189. KJMontana, on February 16th, 2009 at 10:16 pm Said:
    Wow, BB. I just read the “tiny tim’ link. I was blown away by this quote, “The president is neither arrogant nor insecure–he exudes the opposite. . . Perhaps he believes the “best and the brightest” will protect him from failure. . .Events are rapidly revealing the nature of this new president, and we have a lot to learn. We know how smart he is, how easily he empathizes with people across the usual dividing lines. We do not yet know if he is wise enough–tough enough–to lead the country to new ground.”
    WFT?? — Is he talking about the same Obama we’ve seen? I think most people either already KNOW he isn’t wise enough, or experienced enough, or tough enough – or they’re figuring it out pretty fast.

    KJmontana — You are SO RIGHT!

    It makes me real nervous when I keep hearing the pundits and journalists telling me the EXACT OPPOSITE of what I see. I was surprised that The Nation even had a slight criticism of Pres 0, but then it was more focused on the Dems.

  190. angienc2, on February 16th, 2009 at 10:30 pm Said:
    Some Like it Hot:
    Jack Lemmon — I feel naked. Like everyone is staring at me.
    Tony Curtis — With those legs? Are you kidding?
    LMAO!

    Angie — Some Like it Hot is my favorite comedy of ALL TIME! Three transactors playing women, Marilyn is the third. Love Eddie Izzard too.
    Any of you all see the new RuPaul show?

  191. comedy lovers…

    It’s a Mad Mad Mad Mad World has the most comedians in a movie ever… any movie with Dick Shawn is a hoot.

    Obama’s administration is so far looking like a comedy of errors, but it’s no joke

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