AS PROMISED, HERE IS THE THE WEBSITE INFORMATION FOR THE CONGRESSIONAL OVERSIGHT PANEL OF THE TARP FUND.
THE GIST OF IT IS THAT BANKS ARE BEGINNING TO REPAY THEIR LOANS AND THE POWERS-THAT-BE SEEM TO THINK THE FUND HAS OFFSET ECONOMIC PANIC.
I SAY NO IT HASN'T. IT HAS SIMPLY MADE US 'LITTLE PEOPLE' REALIZE THAT WE ARE ON OUR OWN AND WE HAVE TO MAKE IT WORK... IN OTHER WORDS, IT KEEPS US QUIET AND DOCILE. FOR HOW LONG, I'M NOT SO SURE.
PRESIDENT OBAMA STARTED OFF THIS WEEK SAYING HE WAS HE WAS GOING TO END THE TARP FUND, AND EVEN BETTER, IT DIDN'T COST AS MUCH AS THEY THOUGHT. SO HE PLANNED TO REALLOCATE THE FUNDS INTO A JOBS-CREATION PACKAGE.
THIS ANNOUNCEMENT WAS QUICKLY RETRACTED, NOT BY THE MAN HIMSELF, BUT BY THE TREASURY DEPARTMENT. THEY ANNOUNCED THURSDAY THAT THE PROGRAM WILL BE EXTENDED THROUGH OCTOBER OF 2010.
WHAT THE HELL!
HERE ARE A FEW LINKS TO HELP YOU CATCH UP.
DON'T FORGET TO LISTEN IN TO THE SOAPBOX EVERY FRIDAY, 1-2 P.M. ON CAL STATE LONG BEACH'S GLOBAL RADIO STATION AT KBEACH.ORG.
OBAMA ADMINISTRATION EXTENDS TARP DEADLINE
CONGRESSIONAL OVERSIGHT REPORT, DEC. 9, 2009
12/1/09
Can't Hate the Hatred
Tiger Woods, an SUV and a golf club run into a tree.
There's a whole lot of smoke for there not to be some kind of fire AND he's one one of the most famous people in the world - anything he does is of magnified importance whether we're talking about a fender bender, knocking a ball into a hole in the ground or some off color trash-talking in the locker room.
Grabbing fame by the hand comes with as much risk as it does reward and at some level it is truly impossible to manage that fame. Like the veteran gangster in American Gangster said, "Your success took a shot at you. Whaddya gonna do, become 'unsuccessful?'"
And finally, this is America. This is what we do. It's awful for us but you know we love a good salacious story. So then over and over again it's been agreed that it's the burden of the individual (you, me, Sarah Palin) to avoid becoming the focus of a sensational episode. Tiger Woods has been exceptional at doing just that for somebody who's so well-known and popular. For our tabloid-obsessed, celebutard culture, catching Tiger Woods in some less-than-presentable story is the holy grail. Culturally we want to be able to talk shit on somebody to distract us (that's the whole point right?) and he's probably the most famous person about whom you couldn't really complain up until now. Even him simply getting into a boneheaded accident is satisfies the player-hater in us to a certain extent. Choking in a golf tournament offers no satisfaction because he more than likely won the previous one or will win the next one.
We've got a well built, finely tuned media machine that distracts, distorts and degrades common sense better than anything anywhere ever. This is just the latest morsel being fed into it and it's spitting out that which we've demanded it to spit out: entertainment.
Now if you want to talk about why we have this insatiable, unrealistic, unhelpful desire to be entertained then let's do that. But don't get mad at the apparatus that we've built when it's merely doing its job.
There's a whole lot of smoke for there not to be some kind of fire AND he's one one of the most famous people in the world - anything he does is of magnified importance whether we're talking about a fender bender, knocking a ball into a hole in the ground or some off color trash-talking in the locker room.
Grabbing fame by the hand comes with as much risk as it does reward and at some level it is truly impossible to manage that fame. Like the veteran gangster in American Gangster said, "Your success took a shot at you. Whaddya gonna do, become 'unsuccessful?'"
And finally, this is America. This is what we do. It's awful for us but you know we love a good salacious story. So then over and over again it's been agreed that it's the burden of the individual (you, me, Sarah Palin) to avoid becoming the focus of a sensational episode. Tiger Woods has been exceptional at doing just that for somebody who's so well-known and popular. For our tabloid-obsessed, celebutard culture, catching Tiger Woods in some less-than-presentable story is the holy grail. Culturally we want to be able to talk shit on somebody to distract us (that's the whole point right?) and he's probably the most famous person about whom you couldn't really complain up until now. Even him simply getting into a boneheaded accident is satisfies the player-hater in us to a certain extent. Choking in a golf tournament offers no satisfaction because he more than likely won the previous one or will win the next one.
We've got a well built, finely tuned media machine that distracts, distorts and degrades common sense better than anything anywhere ever. This is just the latest morsel being fed into it and it's spitting out that which we've demanded it to spit out: entertainment.
Now if you want to talk about why we have this insatiable, unrealistic, unhelpful desire to be entertained then let's do that. But don't get mad at the apparatus that we've built when it's merely doing its job.
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