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Saturday, June 13, 2009

Credibility and Happy Days 
From the wonderful Cynthia Yockey:

I did not watch the TV sitcom Happy Days very often, but one of the shows made a lasting impression on me. It encapsulates why all of us who are outraged at David Letterman’s vile rape jokes about 14-year-old Willow Palin and his unfunny, degrading remarks about her mother, Alaska Gov. Sarah Palin, must get this bully fired from his show on CBS.

As you may know, Happy Days was about the high school days of an all-American, clean-cut boy, Richie Cunningham, his family and clean-cut friends, and his family’s tenant, the motorcycle-riding, womanizing, leather-jacketed drop-out known as The Fonz, or Fonzi.

Well, in one show some bullies have been harassing Richie, so The Fonz meets him at the soda shop to teach him his technique for intimidating other tough guys out of beating him up. The Fonz demonstrates his technique by looking his opponents in the eye, getting angry and red in the face, and then furiously tearing off his jacket and throwing it down on the ground in order to prepare for the fight. At that point, his opponents look frightened and hurry away.

So, just as Richie is confronting his own tormentors and angrily taking off his letterman’s jacket, he and Fonzi note that the tormentors are unimpressed and stand their ground. Fonzi is startled by a flash of realization and pulls Richie aside and says, “I just remembered! For this to work, you must have once hit someone.”

Well, getting David Letterman fired is our version of scaring off future bullies by having once hit someone.


I agree.

I'm not one to want to destroy a career over a one-off joke. But I'm getting awfully tired of the libtards getting away with murder, and this idea that prominent libtards get into their heads that there is no accountability or consequence for their vilest public statements.

Letterman will be ok. He can go to cable TV, like Larry Shandling, or something. He's made his money. He'll be fine. And the Late Night show will be much, much better with almost anyone else in there. Letterman was never that funny to me.

Take him down.

Funny, because the other day on Althouse's blog, I commented that if I were Willow's dad, I would have publicly challenged Letterman to a duel. Then again, I'm old-fashioned that way.

It would have been hilarious watching Letterman weasel out of that one.

Splash, out

Jason

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Tuesday, April 28, 2009

Bondholders Must Be Respected 
So it seems that the Obama Administration is presiding over the attempted mass rape of GM bondholders in favor of the auto workers.

Pennywise and pound foolish. But then, that's par for the course for a libtard. Minus the pennywise part, anyway.

Bondholders, writ large, will exact a stiff penalty for nonpayment. If bondholders - the owners of our nation's capital - are not respected, things get ugly very fast. Bondholders will simply stop lending money. It ain't hard to figure out.

Look. Bondholders understand that in a global economy, shit happens. They understand business risk. They understand currency risk. They understand the risk of natural disasters, market risk, systematic risk, nonsystematic risk, Milton Bradley Risk, management risk, and all kinds of other risks, and have, in theory, priced accordingly.

What they didn't price in - well, until now - is a President and Congress that was willing - even eager - to poke them in the eye just to buy votes from unprofitable laborers in swing states. Yes, they were always a constituency. But when push came to shove, until now, the bondholder was, if not venerated, at least respected. Not in the streets of Detroit, but in the halls of congress and in our bankruptcy laws.

There is a sea change going on, and it's going to lead to a massive repricing of risk. It already has.
If they don't extract their fair cut from GM, they will extract it from the rest of the economy as a whole.

Here's a vignette to help clarify how things work:



Stewie = bondholders.
Brian the Dog = global economy.

Any questions?

Splash, out

Jason

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