Wednesday, October 15, 2008

Smart & Angry

Matt Taibbi is truly a journalistic rock star. He is a latter-day Hunter S. Thompson who is angry and sharp-witted and can basically out-argue pretty much anyone.

And his prose style is vicious. I love this guy.

He writes for Rolling Stone magazine as well as at The Smirking Chimp and below is what he had to say about Moose-a-lini. I meant to highlight this a few weeks ago but got side-tracked until a conversation with my sister yesterday reminded me about it:
Here's the thing about Americans. You can send their kids off by the thousands to get their balls blown off in foreign lands for no reason at all, saddle them with billions in debt year after congressional year while they spend their winters cheerfully watching game shows and football, pull the rug out from under their mortgages, and leave them living off their credit cards and their Wal-Mart salaries while you move their jobs to China and Bangalore.

And none of it matters, so long as you remember a few months before Election Day to offer them a two-bit caricature culled from some cutting-room-floor episode of Roseanne as part of your presidential ticket. And if she's a good enough likeness of a loudmouthed middle-American archetype, as Sarah Palin is, John Q. Public will drop his giant-size bag of Doritos in gratitude, wipe the Sizzlin' Picante dust from his lips and rush to the booth to vote for her. Not because it makes sense, or because it has a chance of improving his life or anyone else's, but simply because it appeals to the low-humming narcissism that substitutes for his personality, because the image on TV reminds him of the mean, brainless slob he sees in the mirror every morning.

Sarah Palin is a symbol of everything that is wrong with the modern United States. As a representative of our political system, she's a new low in reptilian villainy, the ultimate cynical masterwork of puppeteers like Karl Rove. But more than that, she is a horrifying symbol of how little we ask for in return for the total surrender of our political power.

[...]

[Sarah Palin] appeared to be completely without shame and utterly full of shit, awing a room full of hardened reporters with her sickly sweet line about the high-school-flame-turned-hubby who, "five children later" is "still my guy." It was like watching Gidget address the Reichstag.

[...]

Barack Obama might be every bit as much a slick piece of imageering as Sarah Palin. The difference is in what the image represents. The Obama image represents tolerance, intelligence, education, patience with the notion of compromise and negotiation, and a willingness to stare ugly facts right in the face, all qualities we're actually going to need in government if we're going to get out of this huge mess we're in.

Here's what Sarah Palin represents: being a fat fucking pig who pins "Country First" buttons on his man titties and chants "U-S-A! U-S-A!" at the top of his lungs while his kids live off credit cards and Saudis buy up all the mortgages in Kansas.

Lest you think he can only function in front of a word processor and not really think on his feet, check out this exchange with Byron York of the National Review (h/t John Cole at Balloon Juice):

M.T.: What a surprise that you mention Franklin Raines. Do you even know how a CDS works? Can you explain your conception of how these derivatives work? Because I get the feeling you don’t understand. Or do you actually think that it was a few tiny homeowner defaults that sank gigantic companies like AIG and Lehman and Bear Stearns? Explain to me how these default swaps work, I’m interested to hear.
Because what we’re talking about here is the difference between one homeowner defaulting and forty, four hundred, four thousand traders betting back and forth on the viability of his loan. Which do you think has a bigger effect on the economy?

B.Y.: Are you suggesting that critics of Fannie and Freddie are talking about the default of a single homeowner?

M.T.: No. That is what you call a figure of speech. I’m saying that you’re talking about individual homeowners defaulting. But these massive companies aren’t going under because of individual homeowner defaults. They’re going under because of the myriad derivatives trades that go on in connection with each piece of debt, whether it be a homeowner loan or a corporate bond. I’m still waiting to hear what your idea is of how these trades work. I’m guessing you’ve never even heard of them.

I mean really. You honestly think a company like AIG tanks because a bunch of minorities couldn’t pay off their mortgages?

B.Y.: When you refer to “Phil Gramm’s Commodities Future Modernization Act,” are you referring to S.3283, co-sponsored by Gramm, along with Senators Tom Harkin and Tim Johnson?

M.T.: In point of fact I’m talking about the 262-page amendment Gramm tacked on to that bill that deregulated the trade of credit default swaps.

Tick tick tick. Hilarious sitting here while you frantically search the Internet to learn about the cause of the financial crisis — in the middle of a live chat interview.

B.Y.: Look, you can keep trying to make this a specifically partisan and specifically Gramm-McCain thing, but it simply isn’t. We’ve gone on for fifteen minutes longer than scheduled, and that’s enough. Thanks.

M.T.: Thanks. Note, folks, that the esteemed representative of the New Republic has no idea what the hell a credit default swap is. But he sure knows what a minority homeowner looks like.

B.Y.: It’s National Review.
Because they are all stupid.

They have no core principles or ideas beyond easily regurgitated catch-phrases and when pressed for actual facts, they inevitably choke because they cannot summon any answers more intricate than the GOP-HQ-issued talking points. So, I can easily say to our dear friend Byron York, nice try but...

...SWING AND A MISS!





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