Political Critic Archives - September 2008

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Tuesday, September 30, 2008 - 9:35pm

Buy the Rumor and Sell the News

There is an old saying in the market that traders and investors live by.  You buy shares on the rumor that something positive is about to happen and you sell when the news actually comes out.

This classic line from Wall Street has held true to form with regard to the government bailout.  The market rose in anticipation of passage of Paulson's plan and then started selling ahead of the expected 'Yes' House vote.  Unfortunately, the bill did not go through and the Dow plunged another 500 points on top the 275 it had already fallen in the morning.

Encouraging comments out of Washington today lent credence that the bailout will now pass.  As a result, the market picked up most of the 500 points it lost after Congress screwed up.  It is possible that stocks will also increase tomorrow in anticipation of a deal.

However, if Congress fails for a second time to pass some form of this bill on Thursday, the equity market will get destroyed.  If you thought the 778 point decline on Monday was bad, just you wait.  It can get a lot worse.

Ben Bernanke, Henry Paulson, and Congressional members have already done enormous damage to the system by speaking publicly about the extent of the crisis.  That can't be taken back.  They never should've done this in front of the world.

The whole financial crisis could've been solved on a case-by-case basis.  The Treasury has already been facilitating the acquisition of bad banks by healthy banks.  This was done with Bear Stearns, Washington Mutual, and Wachovia.  It would've been a lot less expensive to taxpayers if it continued to be handled this way.

I have stated previously that I am not in favor of this bailout, but at this point it may be our only choice.

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Monday, September 29, 2008 - 8:49pm

Unqualified Congress

The House killed the bailout package today despite signaling yesterday that it would pass.  The stock market plummeted on news of the 'NO' vote.  The market doesn't like surprises.  Politicians apparently don't understand that nuance.

Congressional leaders should never have stated publicly that the bill would go through.  That only made the situation worse.

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Monday, September 29, 2008 - 12:00am

Monday Morning Humor

Does anyone seriously believe the real Sarah Palin can make it through Thursday's debate unscathed?  Her performance will easily be worse than Admiral James Stockdale.

 

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Saturday, September 28, 2008 - 5:30pm

The Debate Winner

The polls are out on the first round of Obama/McCain.  Here are the results.

CBS:  A poll of uncommitted voters gives it to Senator Obama with 39% versus 24% for McCain.  A full 37% declared it a tie.

CNN:   A survey of adults gave it to Obama with 51%.  Senator McCain received 38%.

Frank Lutz:  The GOP consultant's focus group of undecided voters gives it to Obama.

The pundits seem to think the debate was an even draw, but many missed the fact that John McCain refused to look at Barack Obama throughout.  It was being talked about all night on the blogs, so the media finally picked up on it. 

Also, the rest of McCain's body language was awful.  He was constantly smirking, appeared angry much of the time, and generally had the look of someone who didn't want to be there.  It was like he couldn't believe he had to share the stage with some young hotshot.

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Friday, September 26, 2008 - 9:13pm

The Presidential Debate

9:13pm:  It sounds like both candidates will vote for the financial bailout plan.  Senator Obama hedged a bit, but they clearly support the idea.

9:20pm:  McCain makes an excellent point with regard to spending reductions.  It's a clear difference between him and Senator Obama.  He also lands a blow by stating that Obama didn't suspend earmarks in his state until he started running for President.  This is true.  Obama hits McCain on the tax cuts for the rich, which is a standard Democratic line.

Isn't this debate supposed to be about foreign policy?  I haven't heard anyone talking about it yet.

9:26pm:  McCain's harping on his supposed earmark-busting a bit too much.  He's starting to sound glib as well.  He seems to find the whole thing amusing.  Obama is coming off as calm and professional.

9:35pm:  McCain proposes a spending freeze to make up for the money spent on the bailout.  Did he just come up with that on the spot?  Obama declines on the freeze, but does previously state that his spending proposals on energy would have to be curtailed.

Still no foreign policy, 35 minutes into the debate.  Jim Lehrer needs to have better control of this.

As long as this debate stays on spending, McCain will win.  Obama is clearly a tax and spend liberal.

9:38pm:  Obama hits back on McCain approving Bush's budget the last eight years.  Bush's spending has been the largest in the history of the country.  Excellent point. 

McCain is boasting about his maverick credentials a bit too much.  It's odd.

9:39pm:  First foreign policy question.  What are the lessons of Iraq?

9:45pm:  Obama wins when the conversation turns to Iraq.  As expected, McCain goes back to crying about Obama not supporting the surge.  This is ridiculous.  The overall point is that we never should've been there and most Americans agree with Senator Obama.

McCain needs to stop smirking.  It's bizarre.

9:46pm:  McCain talks about winning in Iraq.  He doesn't define what that means.  This is just sad.  He also is lying about so many things.  He falsely states Obama's positions.  I guess McCain is so used to lying that he doesn't mind doing it anymore.

9:48pm:  McCain comes off as extremely condescending.  I don't know how this plays for undecided voters.

9:56pm:  Great shot by Obama by repeating John McCain's line of exterminating North Korea and singing songs of bombing Iran.  That is right after McCain states it's important to be careful about what you say.

10:02pm:  The "I know" what I'm doing strategy by McCain is getting old.  He needs to explain why.

10:07pm:  Barack Obama winning on the Iran question.  He explains how Iran has been strengthened greatly by the war in Iraq.

10:10pm:  Obama smokin' McCain on Iran with regard to the leaders of the country.  Obama points out that McCain's own advisor, Henry Kissinger, agrees with Obama on talking to leaders of rogue nations.

You have to speak with other nations.  How can you send young soldiers off to fight and die in a potential war if you don't try everything possible to avoid a conflict?

10:19pm:  McCain's entire line of defense is that Obama "doesn't understand".  He's repeated the line many times already.  This is petty and pathetic.  One of his dopey senior advisor must have concocted this strategy to repeat that line over and over.  This is a serious debate.  We don't need one-liners.

This shows my bias, but McCain is just a warmonger.  He seems more than willing to risk American lives in future conflicts because he is too stubborn to talk to anyone.  Everyone knows that Iran's leader is an evil guy.  It doesn't help to repeat Ahmadinejad's comments to score political points with Jewish voters.

10:24pm:  Obama needs to be more forceful.  John McCain has been spewing lie after lie and Obama is being too deferential.  He simply says "That's not true John".

10:28pm:  A question about 9/11.  McCain says we're less likely to be attacked and then talks about other unrelated issues.  He needs to stop referencing Reagan.

10:36pm:  Our first John McCain comment breaking out the POW card.  I knew it would happen!  He's regurgitated his entire resume throughout this debate.

All in all, I'd say Obama won this debate, however there were no knockout blows.  Both candidates hit their talking points.  This debate was somewhat contentious and detail-oriented. 

I keep thinking that Sarah Palin would never be able to handle these questions being asked.

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Friday, September 26, 2008 - 7:25pm

Holding Fire Until End of Debate

I'm glad John McCain has decided to show up for tonight's debate and tell us little people why we should elect him to leader of the free world.  It's the least he can do.  Let's see how many times he breaks out the POW card.

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Thursday, September 25, 2008 - 8:04pm

You Cannot Be Serious

This is Sarah Palin's response to Katie Couric on her foreign policy "experience" and Alaska's proximity to Russia.  It's downright painful to watch, but here you go.

 

This woman can't even put a coherent sentence together.  This is like watching a train wreck in slow motion.  Unbelievable!!!

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Wednesday, September 24, 2008 - 9:49pm

Witch Hunter Annoints Sarah Palin

More video proof of the insanity of Sarah Palin.  The Republican Vice Presidential candidate is seen here being anointed by Thomas Muthee, a self-proclaimed witch hunter.  Yes, you heard that correctly.  Mr. Muthee's claim to fame was hunting down a "witch" in a small town in Kenya.

    Thomas Muthee believed that a woman in town called "Mama Jane" was the cause of traffic accidents, crime, and death in the local community.  Muthee eventually forced the "witch" out of town and then claimed that crime was reduced as a result.

    Sarah Palin publicly credits Thomas Muthee in this video with helping her find the way to become the Governor of Alaska.  She said that was "awesome about Pastor Muthee."

Look, this woman is a wack-job.  She literally belongs in a mental institution.  She certainly should not be running for Vice President.  I don't know what they did to her head up there in Alaska, but it is clearly screwed up.

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Tuesday, September 23, 2008 - 10:45pm

Politicians Talk Tough...Will They Follow Through?

When the camera is rolling, politicians talk a great game.  The people on Main Street are angry, so the Democrats and Republicans act like they don't want this bailout package.

At the end of the day, I guarantee Congress will stick it to the taxpayers and pass this obscene bill.  All they know how to do is spend money.

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Monday, September 22, 2008 - 11:10pm

Robbing Us Blind

The Democrats should be ashamed of themselves.  Rather than question the veracity of the most colossal bailout in American history, the Democrats are more concerned with stuffing their own welfare-like projects into the proposal.  They want to include assistance to the very homeowners that got us into this mess and establish ownership in the companies they help.

Why should we give a dime to homeowners that can't pay their mortgage?  It's their own fault.  They need to fail the same way the U.S. banks need to fail.  Like I said before, if there is no punishment for bad behavior, the pattern will repeat itself over and over again.

The last thing we need is the government to establish ownership in publicly traded companies.  That is the first step to socialism.  Government-run businesses are what you see in Russia and China, not the United States.  I understand why the Democrats want provisions in the bill in order to recoup the funds, but this is not the way to do it.

What should also be glaringly obvious is the power-grab attempt by the Secretary of the Treasurer, Henry Paulson.  The Bush appointee had the gall to request absolute power with no possibility of oversight.  That alone should move Democrats to see this bill for what it is: a Bush scare tactic designed to create more control.

Furthermore, the entire bill doesn't even make sense.  There is already a market for bad mortgages.  Hedge fund companies are willing and able to purchase these toxic securities right now.  However, U.S. banks don't want to sell at fair market price to the hedge funds.  They want to sell them at the over-inflated price they list them on their books, even though they're not worth nearly that much anymore.

If the banks sell their crap to the government, they can stay in business.  If they sell to the market, some of them will go bankrupt.  We need them to go under.

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Monday, September 22, 2008 - 8:00am

Monday Morning Humor

Be afraid, very afraid when someone, Henry Paulson, demands Congress pass a bailout plan that is "clean and quick" when said plan gives him absolute control with zero oversight.

 

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Saturday, September 20, 2008 - 2:00pm

Massive Taxpayer-Funded Bailout Proposed

Don't believe what Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke are telling you about the collapse of the financial system.  The Bush administration and his economic advisors are trying to scare the American people into agreeing to the most massive bailout in the history of the United States.

They will tell you that they need $700 billion to buy mortgage related assets that have gone bad.  What they will not tell you is how they are going to pay for it.  That is because you, the taxpayer will have to fit the bill.

The Democrats are already folding like a bad poker player.  They question nothing and believe everything that Bush and his advisors tell them.  It is remarkably like the Iraq War.  The Republicans scared the brain-dead Democrats into approving an unnecessary war and now they are repeating the pattern in a bailout for all their Wall Street buddies.  Did I mention Paulson is the former CEO of Goldman Sachs?

The bottom line is that this bailout is unnecessary.  Take it from someone who is in the industry.  We survived the Lehman Brothers failure and we can survive the next one.  There are strong financial companies out there that can pick up the pieces of firms that collapse.  The worst thing that happened this week was that one money market fund decided it could only pay 97 cents on the dollar.  Hundreds of other money market funds made it through just fine.

Furthermore, the U.S. cannot afford this bailout.  We already have an enormous deficit (annual) and national debt (total).  The current deficit is estimated to be $410 billion and the current gross national debt is $9.7 trillion.  With this bailout package, the deficit would explode to $1.1 trillion and the national debt would rise over $10 trillion.

This debt will cripple the American economy for decades.  Despite this fact, both Senators Obama and McCain plan to spend more money and push us further into the hole.

The Democrats need to wake up and realize they're getting hosed.  They need to stop this bailout or at the very least, narrow the wide scope of this plan.

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Thursday, September 18, 2008 - 11:00pm

Palin's Husband Refuses to Testify

Todd Palin, the Governor's husband, has declined to give testimony in the investigation of his wife's conduct in firing the Public Safety Commissioner.

Stonewalling an investigation, ignoring subpoena's, refusing to testify?!?  Sounds a lot like the Bush administration, doncha think?

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Wednesday, September 17, 2008 - 10:54pm

Is the Economy Still Strong John???

The Dow Jones Industrial Average fell another 450 points today, bringing the weekly decline to more than 800 points.  I wonder if Senator McCain still believes the fundamentals of the economy are strong.

Here is John McCain flip-flopping on the AIG bailout.

 

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Wednesday, September 17, 2008 - 6:01pm

Oh, The Irony

Senator John McCain has had at least four bouts with skin cancer over the last decade.  He constantly wears long-sleeve shirts, pants, and a hat to avoid the sun.  His running mate, Sarah Palin, recently had a private tanning bed installed in the Governor's mansion.

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Tuesday, September 16, 2008 - 8:49pm

Government Bails Out AIG

Your taxpayer dollars at work.  The federal government is planning a takeover of American International Group (AIG), the largest insurance company in the nation.  Rather than allow the firm to go bankrupt, federal officials have decided to give them $85 billion and seize control.

I am beginning to think that Ron Paul was correct all along.  Washington just prints money, pushes us further into debt, and erodes the value of the U.S. dollar.

Our leaders cannot continue to bail out all these companies.  First came $30 billion for Bear Stearns, then $100+ billion for Fannie Mae and Freddie Mac.  Now we have another $85 billion for AIG.  This is ridiculous.

We need to let them fail.  If there is no punishment for risk-taking, then there is no reason for anyone to stop.

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Monday, September 15, 2008 - 8:55pm

McCain Believes Economy is "Strong"

On a day when the stock market drops 504 points, Lehman Brothers files for bankruptcy, and Merrill Lynch is forced to sell, Senator John McCain came out to say that the fundamentals of the economy are strong?!?

What economy is John McCain paying attention to?  Perhaps he simply chose his words poorly, but the economy is anything but strong.  Choosing a day when the financial markets are in turmoil is a sign that he is dramatically out of touch.

As an investment professional, I can tell you that the economy is a mess.  The unemployment rate is increasing, the dollar is weak, and the U.S. banking system is a disaster.  The failure of Lehman Brothers is just the tip of the iceberg.  They will be followed by many more.  Next up will be Washington Mutual.  The only way they survive the month is to find a buyer.

I know John McCain doesn't know much about the economy, but does he have to pretend that he does?

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Monday, September 15, 2008 - 7:30am

Monday Morning Humor

 

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Sunday, September 14, 2008 - 11:05am

Palin Appointed High School Friends to Top Jobs

Here is reason number 4,172 not to vote for Sarah Palin.  As Governor of Alaska, Palin appointed many of her unqualified friends from high school to important positions.

When the State Division of Agriculture had an opening, Sarah Palin appointed her friend Franci Havemeister to head up the department as the Director.  Ms. Havemeister, a real estate agent, cited her love of cows as a qualification to head up the department.  Are you kidding me?!?

Governor Palin appointed at least five of her friends to high-level positions, all of which with salaries that far exceeded previous levels.

This level of cronyism reminds us of George W. Bush.  His unqualified appointments lead to the disastrous response to Hurricane Katrina.  We can't let it continue.

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Friday, September 12, 2008 - 9:20pm

As Suspected, Palin Knows Nothing About Foreign Policy

I don't know even where to start with this woman.  In her first interview with ABC's Charles Gibson, Sarah Palin had no idea what the Bush Doctrine was.  The basic tenet, if you've been paying attention for the last eight years, is pre-emptive war.  She's also never even met a head-of-state and admitted never leaving North America until last year at the age of 43.

When asked about foreign policy experience, Palin responded by saying you could see Russia from an island in Alaska.  Oh, dear Lord.  Even if you have no international experience, wouldn't you be smart enough to not give a ridiculous answer like that?

Governor Palin also seems to think the war in Iraq is related to September 11th.  As she was addressing the troops before her son deployed, Palin linked the two together.  Even Bush and Cheney have given up on that bogus line of defense.

She woman scares the hell out of me.  She literally doesn't know anything. 

For the love of God, please replace her on the ticket.  There is a very good chance John McCain doesn't make it to 76 years old.  This country can't afford to have a President Palin.

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Thursday, September 11, 2008 - 11:40pm

Never Forget

 

Please remember that the people responsible for these attacks are still on the loose.

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Thursday, September 11, 2008 - 6:19pm

The Robot Speaks

Sarah Palin was able to successfully regurgitate Republican talking points in her first national interview.  It only took her two weeks to learn how to repeat information.  Conveniently, she did the interview on September 11th, knowing that her interview would get minimal coverage.

So we know she can give an interview if she's allowed a couple weeks to rehearse her lines.  Yep, she's totally qualified to be second in line to for the most important job in the world.

I think former Republican Senator Lincoln Chafee said it best today when he called Palin a "cocky wacko".

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Wednesday, September 10, 2008 - 8:14pm

The Lipstick Media

Rather than discuss important issues of our time, the tabloid media has decided to focus on an offhand remark by Senator Barack Obama about lipstick on a pig.  Heaven forbid the media concentrate on Iraq, Afghanistan, healthcare, foreign policy, taxes, or the economy. 

People around this country are struggling just to pay their bills, but the media wants to talk about lipstick.  Pathetic!

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Tuesday, September 9, 2008 - 7:57pm

Teflon Sarah

Another day, another skeleton uncovered about Republican V.P. candidate Sarah Palin.  Today, we find out that the Governor billed the State of Alaska for staying at her own home!  For 312 nights in her first 19 months as Governor, Ms. Palin used the per-diem allowance to pillage her state of money.  She also charged the state tens of thousands of dollars for travel expenses for her husband and children.

What's also strange about this story is that Palin has spent no time in Juneau, the state capital.  She's literally never there.  The majority of the state lawmakers work in Juneau, so why can't the Governor?  Granted, the building (seen here) doesn't look like much, but you'd think Sarah Palin could show up to her job once in a while.

In fact, her home in Wasilla is more than 600 miles from Juneau.  I'm used to long commutes, but that is ridiculous.

I'm sure this story will have no effect on Sarah Palin.  Everything she has done wrong is ignored by her supporters and downplayed by the media.  Since her selection, the polls have gone entirely in John McCain's direction.  In a poll of polls on RealClearPolitics, Senator McCain now leads Barack Obama by 2.4%.  McCain is even ahead by 10% in the latest USA/Today Gallup poll.

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Monday, September 8, 2008 - 10:48pm

Obama Calls Out Palin

Senator Obama has released a new commercial in response to a McCain/Palin ad in which they tout their maverick qualities.  Barack takes Palin to task for lying about the Bridge-to-Nowhere, the pork-barrel spending project she favored before she opposed.

 

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Sunday, September 7, 2008 - 9:39pm

Do You Have More Experience?

A Facebook group has been set up called "I Have More Foreign Policy Experience Than Sarah Palin".  There are currently 43,215 members as of this writing.  The description of the group is "for all you dumbfounded by the selection of Governor Sarah Palin as John McCain's running mate".

So let's review Sarah Palin's foreign policy experience....zzzzzz.....ok, that was quick.  She doesn't have any, but did you know that Alaska is right next to Russia???

Here's Palin's credentials in the international area.  She has been to three other countries in her lifetime: Germany, Kuwait, and Canada.  She didn't travel to Germany and Kuwait until last year at the age of 43.  That is when she finally got her passport.  Supposedly, she has discussed the fishing industry with Canadian government, but we can find no other evidence of international travel and/or interaction.

So the question to my readers is: Can you top that? 

My foreign experience is limited, but I will take a crack at beating Palin.  The VP candidate has ten years on me, but I'll see what I can do. 

  • I've been to Germany, the Bahamas, and Canada.

  • I've worked for an international bank for the last year and a half, about as long as Palin's time as Governor.

  • I have Korean siblings, so that counts, right?

  • I even lived in South Florida once and that is really close to Cuba.

I'm sure the rest of you can beat both me and Sarah Palin.  Let's hear it.

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Sunday, September 7, 2008 - 9:00am

Palin Hiding Out in Alaska

The McCain camp is refusing to allow Sarah Palin access to the media.  She has retreated to Alaska for the next week to hide out.  She is not doing the Sunday morning talk shows and has yet to give a single interview.

 

The woman could be the leader of the free world in six months, yet she won't talk to anyone.  She's clearly not ready to be VP.

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Friday, September 5, 2008 - 8:15pm

Mainstream Media Finally Covers TrooperGate

This is breaking news....ABC News is actually doing their job!  They have produced an in-depth report of the investigation into Sarah Palin's firing of the Public Safety Commissioner. 

   The McCain / Palin team has been trying to stall the Legislature in Alaska to delay the inquiry.  The final report is due to be released on October 31st, only four days before the presidential election.

This woman is a train wreck.  The conservative base may love her, but the rest of us normal folk in the middle are realizing she's a wacko.

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Thursday, September 4, 2008 - 6:57pm

Exposing the Truth

For the first week of the Sarah Palin chronicles, the media has been fixated on the pregnant daughter.  Now that they have been called out for tabloid journalism, the media has now decided to ignore the rest of Palin's scary background.  One little remark about sexism from McCain surrogates is all it takes for the media to stop pursuing the story.

 

(I'm so frustrated with the mainstream media, that I had to turn to Jon Stewart for some humor.)

The mainstream refuses to discuss is Sarah Palin's blatant lie about the Bridge-to-Nowhere, her disturbing remarks to students at the Wasilla Assembly of God (see video below), listening to an anti-Jewish preacher only two weeks ago, her attempt to ban books at the local library, or her association with the secessionist group in Alaska.

Forget the pregnancy and the four-month old child.  The media needs to show the public just how insane this woman is.  She has a screw loose if she thinks God will help her build a natural gas pipeline.  Yes she said that.

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Wednesday, September 3, 2008 - 11:25pm

A Good Speech

Sarah Palin delivered a skillful speech before the RNC tonight.  Her transition from one topic to the next was a little rough, but for someone who has never given a speech in front of that many people, Governor Palin performed much better than expected.

Sarah Palin says she's ready for the "challenge of a tough fight."Ms. Palin took a few shots at Barack Obama, much of them justified.  She pointed out that his tax policy is scary and he has not passed anything since joining the U.S. Senate.

This was her first test and she passed, but the fact remains that her philosophy is well outside of mainstream America.  Once the McCain camp releases her to speak to reporters, she's in trouble.

Side note:  Shame on Rudy Giuliani for speaking too long, which forced the RNC to skip the video of Sarah Palin's bio.

 


Wednesday, September 3, 2008 - 10:00pm

Showtime!!!

Sarah Palin is getting ready to hit the stage.  Will a rock star emerge or will we see the female version of Dan Quayle?  I suspect we'll see a solid performance tonight.  Her extreme-right views will not be uncovered until a later date.

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Tuesday, September 2, 2008 - 10:15pm

Sarah Palin Drama - Day 5

If you are a Democrat, Sarah Palin is the gift that keeps on giving.  If you are a Republican, Sarah Palin is quickly becoming a nightmare.

 Today, we learn that Sarah Palin's husband Todd Palin was a member of the fringe Alaska Independence Party (AIP) from 1995-2002.  The radical group believes in the secession of Alaska from the United States.  The group has stated that Sarah Palin was also a member, but the McCain camp disputes that claim.

We have found an opinion from Sarah Palin on a foreign policy issue.  Before a graduating class of commission students in June at the Wasilla Assembly of God, her hometown church, Palin stated that American troops must only be sent to war "on a task that is from God". With regard to the Iraq War, she said "that there is a plan and that that plan is God's plan".

She also thought it was God's will that a natural gas pipeline be built in Alaska.  Her exact quote was as follows:

"I can do my part in working really, really hard to get a natural gas pipeline, about a $30 billion project that's going to create a lot of jobs for Alaska, but I think God's will has to be done in unifying people and companies to get that gas line built, so pray for that."

You can judge for yourself how these statements and her family's membership in a radical group define Sarah Palin.  Just watch the video.  As a non-religious person, I'd argue she's nuts.

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Tuesday, September 2, 2008 - 8:20pm

Lieberman Speaks Before the RNC

Tonight, Democrat/Independent Senator Joe Lieberman speaks at the Republican National Convention on behalf of Senator John McCain.  Therefore, I bring you Joe Lieberman as he was in 2004 (courtesy of TPM).

 

We will bring you the 2008 version of Joe Lieberman shortly.  Let me know if you see any difference.

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Monday, September 1, 2008 - 9:45pm

The Thomas Eagleton Countdown

In 1972, Democratic presidential candidate George McGovern nominated Senator Thomas Eagleton as his Vice Presidential running mate.  Eighteen days later, Senator Eagleton would withdraw his name at McGovern's request.  In the interim, it was discovered that Eagleton had sought medical treatment for a nervous breakdown and had undergone electric-shock therapy on at least two occasions.  In an age without cable or the Internet, it took only 18 days for George McGovern to ask Eagleton to step aside.

It has now been three days since John McCain has nominated Alaska Governor Sarah Palin as his nominee to be Vice President.  It is clear that he did not vet her at all.  In just three days, this is what has been uncovered about the woman from Wasilla.

  • Governor Palin is under investigation by the State of Alaska over the firing of the Public Safety Commissioner, Walt Monegan.  The allegation is that she abused the power of her office to pursue a personal vendetta against her former brother-in-law, who is a state trooper.  When she couldn't get the trooper fired, she fired his boss for not complying.

  • Governor Palin was previously a member of the Alaska Independence Party (AIP).  This fringe party's primary goal is for Alaska to secede from the United States of America.

  • In her opening stump speech with John McCain, Governor Palin bragged that she was against the "Bridge-to-Nowhere", a pork barrel project designed to build a bridge from Ketchikan, Alaska to an island with a population of a few dozen residents.  However, when she decided to run for Governor in 2006, she ran under a "Build-the-Bridge" platform and told residents of Ketchikan that she didn't consider them "nowhere".

  • Prior to being Governor of Alaska, Ms. Palin worked as the director of a 527 group for Senator Ted Stevens.  That would be the same Senator that is under indictment for receiving bribes.  In addition, John McCain is on record as stating that 527 groups are "a disgrace and they have to be eliminated because they're in clear violation of the law."

  • After running on a platform of "Abstinence Only" and promoting the concept to be taught in schools around Alaska, it was discovered that Governor Palin's 17-year old daughter was five months pregnant.

  • Governor Palin has taken virtually no position on any international issue.  She is not on record on any foreign policy matter.

My bet is that Sarah Palin does not last as long as Thomas Eagleton.  When John McCain realizes that this is the worst nominee for VP in the history of the country, he will ask his eye candy to withdraw her name.

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Monday, September 1, 2008 - 5:35pm

Palin Lawyers Up on TrooperGate

Vice Presidential candidate Sarah Palin has hired a private attorney to defend her in the ongoing trooper investigation.

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Monday, September 1, 2008 - 12:25pm

Sarah Palin's 17-Year Old Daughter Pregnant

Liberal bloggers were buzzing yesterday about Sarah Palin's newborn baby.  The daughter, Bristol Palin, had not been to school in months supposedly because of a severe case mono and showed a baby 'bump' in some photos.

As it turns out, 17-year old Bristol is five months pregnant.  The McCain camp has confirmed the story.  How much you want to bet they didn't know about this a few days ago?

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