The Deadbeats Are Winning

Some time ago, one of the Wife’s employees was out with a baby. The employee’s mother stepped in and worked part time until her return. The Wife had the woman sign a statement to that effect. The employee came back to work, but has since found another job. The Wife has just been made aware that the mother has filed and been granted unemployment benefits.

The child was illegitimate and receives public assistance.

Word to our government: If you persist in such villainy, the Wife will cease having any employees, whatsoever. And don’t even try fining the business for health insurance benefits.

Neal Boortz is taking callers who are planning to leave this country. We may do same.

BTW, if you are currently pregnant with child and unmarried, you are a booger-eating moron.

From Ezra Klein at the WaPo:

John Meriwether’s first hedge fund, Long-Term Capital Management, failed in 1998, and almost brought Wall Street down with it. His second hedge fund, JWM Partners, closed this summer. Now he’s setting up a third hedge fund, based largely on the same strategy that underpinned the first two. And it appears that people mean to invest in it.

Meriwether, in other words, is proof that markets are not efficient, and investors are frequently stupid, and frequently dazzled by slick sales pitches. Indeed, the best analysis of this tendency came from an unpublished paper by Larry Summers attacking the very concept of all-knowing, all-seeing markets. “THERE ARE IDIOTS,” his paper began. “Look around.” Meriwether’s comparative advantage, it seems, is in knowing exactly where to look.

From Professor Bainbridge:

The basic problem is here is that many (most?) of the compensation deals the Obama administration is shredding were set in employment contracts. Granted, some of those employment contracts were signed after the law setting up pay “czar” Kenneth Feinberg’s position and empowering him to review pay packages at TARP firms. But a lot of them are pre-existing contracts and it’s those contracts that are the main concern.

Feinberg in fact is trumpeting his success at forcing so-called renegotiation “even for contracts over which he did not have explicit authority.”

The bottom line thus is that Obama is having his minion coerce TARP executives and employees into ripping up contracts Obama doesn’t like so as to assuage the populist public. In doing so, Obama and his appropriately entitled “czar” are exhibiting a basic lack of respect for the rule of law.

Laugh it up, dickheads. When Obama, King of the Moochers and Looters, comes for you, it won’t be so funny.

And forget about well-reasoned opposition:

There were few who remarked with astonishment at a President whose inaugural address was themed around “remaking America.” But millions wondered in breathless anticipation what this “remade” America would look like. Just look at Obama’s role models, and the role models of his appointees and political supporters, and you’ll know. Obama’s remade America would look like Cuba. North Korea. The former Soviet Union. Venezuela. Cambodia. Myanmar. China.

From commenter Jane in IN:

You people don’t give a sh*t about the Constitution. You proved that by waiting until after Bush left office to launch your little teabagger conventions (aka Two Minutes Hate). You cheered on warrantless wiretaps, CIA blacksites, signing statements as de facto line item veto, Unitary Executive, indefinate detention, etc, for 8 years. It boils down to this: You lost, and you can’t f**king stand it.

And to the local looter who tried to hire me this week: How will your hedge fund roll when I’ve bashed your fucking head in?