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June 17, 2009 03:28 PM UTC

Wednesday Open Thread

  • 21 Comments
  • by: Colorado Pols

“Principles aren’t of much account anyway, except at election time. After that you hang them up to let them season.”

–Mark Twain

Comments

21 thoughts on “Wednesday Open Thread

  1. from the Boulder Daily Camera

    The robbery of an inconspicuous medical-marijuana distributor in Boulder led to a police chase and the arrest of four men suspected of stealing two 20-gallon containers of the drug Tuesday afternoon.

    I didn’t know we even had such a store here – although it sure does make sense as every resident is automatically given a medical marijuana certificate by their doctor.

    1. So, I don’t know if you are joking or not  Here in Denver, medical opinion is that marijuana would be helpful; but, the law was so jumbled, we just let it alone.

      We’d take a chance and go to Boulder….(although with the walker, we might not even be allowed through the security check)….if there really was a shot at getting a medical certificate..

        1. What did you find funny about the situation, just out of curiosity? (The thieves weren’t from Boulder, it turns out.)

          Glad to hear that Marinol helped you. It’s said, though, that a lot of cancer and AIDS patients undergoing chemotherapy don’t like the way that Marinol, a pharmaceutical THC pill, makes them feel. Too heavy. Through smoking marijuana, patients are better able to titrate their dosage — rather than getting walloped all at once by Marinol. And marijuana has other active constituents which are helpful besides just THC.

          It’s not like medical marijuana dispensaries are the only targets for crime, though: regular pharmacies certainly are. Check out this report on a pistol-packing pharmacist in Seattle:

          http://boingboing.net/2009/05/

      1. http://sensiblecolorado.org/mm/

        The Colorado Campaign for Safe Access (CCSA) is a shared project of Sensible Colorado and Americans for Safe Access and is designed to provide information and protection for Colorado’s medical marijuana patients, caregivers, and compassion clubs.

        Brian Vicente, who runs Sensible Colorado, is an attorney in Denver.

    2. Heard this a few days ago on the radio.

      When his attorney points out to the judge the new Obama policy of not prosecuting MM projects that comply with state laws, the judge said, “I don’t care.”

      Hmmmmm……… Appeals case anyone?  

  2. The breaking news:

    10 large US banks to repay $68B in TARP funds

    WASHINGTON (AP) – Ten large U.S. banks planned to repay about $68 billion in bailout money Wednesday, marking a new phase for the most visible government effort to relieve the credit crisis.

    The Treasury Department last week said the banks could begin repaying money they received last fall under the $700 billion financial system bailout known as the Troubled Asset Relief Program, or TARP.

    http://www.google.com/hostedne

    So, what happens to the loud-mouth Asshats on the Right who have been hooting and shrieking about “Government-Owned Banks?”

    I’m pretty sure that the latest moves by the Prez forced these Corporate Welfare Deadbeats to find a way to pay off the money sooner rather than later. If this keeps up, the Fed just might make a profit, based on the amount the Banks have to pay to tear up their warrants…

  3. February 28, 2007 – Dow Jones @ 12,268

    March 13th, 2007 – Henry Paulson: “the fallout in subprime mortgages is “going to be painful to some lenders, but it is largely contained.”

    March 28th, 2007 – Ben Bernanke: “At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained,”

    March 30, 2007 – Dow Jones @ 12,354

    April 20th, 2007 – Paulson: “I don’t see (subprime mortgage market troubles) imposing a serious problem. I think it’s going to be largely contained.” , “All the signs I look at” show “the housing market is at or near the bottom,”

    April 30, 2007 – Dow Jones @ 13,063

    May 17th, 2007 – Bernanke: “While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.”

    May 31, 2007 – Dow Jones @ 13,627

    June 20th, 2007 – Bernanke: (the subprime fallout) “will not affect the economy overall.”

    July 12th, 2007 – Paulson: “This is far and away the strongest global economy I’ve seen in my business lifetime.”

    August 1st, 2007 – Paulson: “I see the underlying economy as being very healthy,”

    October 15th, 2007 – Bernanke: “It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions.”

    December 31, 2007 – Dow Jones @ 13,265

    January 31, 2008 – Dow Jones @ 12,650

    February 14th, 2008 – Paulson: (the economy) “is fundamentally strong, diverse and resilient.”

    February 28th, 2008 – Paulson: “I’m seeing a series of ideas suggested involving major government intervention in the housing market, and these things are usually presented or sold as a way of helping homeowners stay in their homes. Then when you look at them more carefully what they really amount to is a bailout for financial institutions or Wall Street.”

    February 29th, 2008 – Bernanke: “I expect there will be some failures. I don’t anticipate any serious problems of that sort among the large internationally active banks that make up a very substantial part of our banking system.”

    March 16th, 2008 – Paulson: “We’ve got strong financial institutions . . . Our markets are the envy of the world. They’re resilient, they’re…innovative, they’re flexible. I think we move very quickly to address situations in this country, and, as I said, our financial institutions are strong.”

    March 18th, 2008 – Bear Stearns Bailout Announced

    May 7, 2008 – Paulson: ‘The worst is likely to be behind us,”

    May 16th, 2008 – Paulson: “In my judgment, we are closer to the end of the market turmoil than the beginning,” he said.

    May 30, 2008 – Dow Jones @ 12,638

    June 9th, 2008 – Bernanke: Despite a recent spike in the nation’s unemployment rate, the danger that the economy has fallen into a “substantial downturn” appears to have waned,

    July 16th, 2008 – Bernanke: (Freddie and Fannie) “…will make it through the storm”, “… in no danger of failing.”,”…adequately capitalized”

    July 20th, 2008 – Paulson: “it’s a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.”

    July 31, 2008 – Dow Jones @ 11,378

    August 10th, 2008 – Paulson: “We have no plans to insert money into either of those two institutions.” (Fannie Mae and Freddie Mac)

    September 8th, 2008 – Fannie and Freddie nationalized. The taxpayer is on the hook for an estimated 1 – 1.5 trillion dollars. Over 5 trillion is added to the nation’s balance sheet.

    September 16th, 2008 – $85 Billion AIG Bailout “Loan”

    September 19th, 2008 – $700 Billion Bailout Plan Announced

    September 19th, 2008 – Paulson: “We’re talking hundreds of billions of dollars – this needs to be big enough to make a real difference and get at the heart of the problem,” he said. “This is the way we stabilize the system.”

    September 19th, 2008 – Bernanke: “most severe financial crisis” in the post-World War II era. Investment banks are seeing “tremendous runs on their cash,” Bernanke said. “Without action, they will fail soon.”

    September 21st, 2008 – Paulson: “The credit markets are still very fragile right now and frozen”, “We need to deal with this and deal with it quickly.”, “The financial security of all Americans … depends on our ability to restore our financial institutions to a sound footing.”

    September 23rd, 2008 – Paulson: “We must [enact a program quickly] in order to avoid a continuing series of financial institution failures and frozen credit markets that threaten American families’ financial well-being, the viability of businesses, both small and large, and the very health of our economy,”

    September 23rd, 2008 – Bernanke: “My interest is solely for the strength and recovery of the U.S. economy,”

    October 31, 2008 – Dow Jones @ 9,337

    March 31, 2009 – Dow Jones @ 7,609

    h/t: A Zero Hedge

  4. from ABC News

    After the President very publically swatted and then killed a fly during an interview with CNBC yesterday, the outspoken animal rights group PETA (People for the Ethical Treatment of Animals) said they wished Obama had served a better example.

    “We support compassion for the even the smallest animals,” says Bruce Friedrich, VP for Policy at PETA. “We support giving insects the benefit of the doubt.”

    1. Wait, so Obama was supposed to have slit the fly’s throat before he ate it?

      If that isn’t a joke post (I didn’t read the link, it could be to The Onion), then I bet PETA was having a laugh to get their name in the news.

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