A Little of Everything

It's late and I should be in bed instead of blogging, but I'm blogging instead of in bed. Don't expect the rest of this to make a lot more sense.

The federal government took over Freddie Mac and Fannie May over the weekend. The Congressional Budget Office, essentially the CPA's for the federal government, is of the opinion that the cost of doing so should be included in the federal budget. The Bush administration "appeared to be caught by surprise." God help us. Nothing good can come of this.

Oil appears to be finding a new "normal" around $100/barrel. The systemic problems of rapidly increasing demand as the rest of the world tries to catch up to the West, remain. Current prices are simply a new floor from which oil prices will take their next leap in 18 months.

Camille Paglia has a lot of very interesting things to say about the November elections, Sarah Palin, and the fingernails-on-a-chalkboard response of the fruits and nuts on the left. Not that I really care; all politicians are moral defectives who will say anything to get elected/re-elected, yet never do anything other than the bidding of the recipients of the government's $8.5 billion a day.

See? I really should be sleeping instead of blogging.