Has China bought America Lock Stock And Barrel?

Has the China already purchased part or all of the United States with the agreement of the US government as theorized in the video below from Proactive Preppers? Between the government, banks and financial institutions, the Chinese hold so much UD debt run up by the Washington government, the fifty states (NB President Obama, fifty states), US Banks and businesses and private citizens that were it all to be called in, America would have no chance of repaying it’s loans.

With FEMA (US Government Federal Emergency Management Agency) plans already being put into place as if some kind of major catastropy is imminent according to some American commentators and the Obama Adsministration’s unsolvable debt crisis, this is certainly a possible scenario. Americans should remember that China owns most of America’s debt; is it time now for China to step in and ‘save’ us?

But why would China want America, the bankrupt cities, decaying suburbs, the dystopian industrial belt? Some comments on blogs discussing the idea had interesting things to say.

One theme that came up time and again was that when the Chinese walk in and take posession of their purchase it will not be the American people they want but the natural resources. They would be interested in the resource rich areas like those the administration has earmarked for the rollout of Agenda 21 and the areas now assigned by fracking licence to energy companies for natural gas extraction. This applies to the offshore oil and onshore oil and gas reserves, but coal, iron ore, and other resource lands around the country. China would take all those those things and leave the cities, crimes, and armies of welfare recipients to fend for themselves.

But could there be comething else America has that the Chinse would find useful? You bet there is. Women.

Think it through. After years of the one child policy and a social system that has no qualms about gender selection abortion, even if it is post-natal abortion China has far more horny young guys than available women. And American women, despite what you may have heard about purity rings (which most young men would see as a challenge rather than a deterrent) American women tend to me more available for a quick bunk up, no strings attached, than Chinese girls.

So as all Americans owe the Chinese shitloads of money what is going to happen when an American family can’t pay the mortgage or an installment on the car. In march the baliffs and say, stuff your antique furniture and your high tech gadgets, do how know how cheap those things can be bought back home in shanghai? We’ll take your daughters. Even if they don’t look like Cameron Diaz or Beyonce someone will be glad of them.

Barack Obama and his supporters will welcome this deal of course, not only will it get their incompetent administration off the debt hook, it will be one giant step towards creating the kind of multi – racial society American liberals have dreamed of since the 1960s.

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You’ve Got To Love The Craziness Of The Financial Crisis

So Spain was bankrupt. Between a loonytoons green energy policy that paid wind turbine owners for the electricity not generated while the wind was not blowing and solar panel owners foreectricity not generated while the sun was not shining (e.g. at night); a property bubble that saw banks lending money on properties built on toxic waste dumps, areas where motorways and shopping centres were planned within a few years or even on land that did not exist or was under the sea; the usual problems associated with outsourcing work to India and China and general incompetence they were up shit creek. What little money the Spanish government had, it had used to bail out the Spanish banks.

Spain was so up shit creek in fact that the traditional place for governments to raise money to fund their incompetence, the bond market, was closed to the Spanish. Nobody would take their IOUs.

The Spanish Banks were helpful however and bought up lots of government debt with the bailout money the government had loaned them. So helpful were they in fact that they ran out of bail out money. The Spanish bankers asked the EU Financial Stability Fund (the F-U) for a bail out. Instead of saying F U the E U was eager to help and offered a loan of 80 billion Euros.

Unfortunately the E U F U only had 400 billion Euros to work with and had already given 420 billion Euros of that to Greece, Portugal, Ireland, Italy, Malta and Cyprus they were up shit creek too.

“We will help out,” said the EUFU boys but we will have to borrow some money from the bond markets. When the bond traders heard who the E U F U boys wanted the money for they fell about laughing.

Undeterred the E U F U went to other European governments but they either fell about laughing or they had no money either.

There was only one remaining option. The E U F U would have to borrow money from the lender of last resort to save the Spanish banks.

And who is the lender of last resort?

The Spanish banks.

RELATED POSTS:
Where Did All The Money Go
The Black Swan and Economic Voodoo
The Debt Crisis
Humour and Satire

You’ve Got To Love The Craziness Of The Financial Crisis

So Spain was bankrupt. Between a loonytoons green energy policy that paid wind turbine owners for the electricity not generated while the wind was not blowing and solar panel owners foreectricity not generated while the sun was not shining (e.g. at night); a property bubble that saw banks lending money on properties built on toxic waste dumps, areas where motorways and shopping centres were planned within a few years or even on land that did not exist or was under the sea; the usual problems associated with outsourcing work to India and China and general incompetence they were up shit creek. What little money the Spanish government had, it had used to bail out the Spanish banks.

Spain was so up shit creek in fact that the traditional place for governments to raise money to fund their incompetence, the bond market, was closed to the Spanish. Nobody would take their IOUs.

The Spanish Banks were helpful however and bought up lots of government debt with the bailout money the government had loaned them. So helpful were they in fact that they ran out of bail out money. The Spanish bankers asked the EU Financial Stability Fund (the F-U) for a bail out. Instead of saying F U the E U was eager to help and offered a loan of 80 billion Euros.

Unfortunately the E U F U only had 400 billion Euros to work with and had already given 420 billion Euros of that to Greece, Portugal, Ireland, Italy, Malta and Cyprus they were up shit creek too.

“We will help out,” said the EUFU boys but we will have to borrow some money from the bond markets. When the bond traders heard who the E U F U boys wanted the money for they fell about laughing.

Undeterred the E U F U went to other European governments but they either fell about laughing or they had no money either.

There was only one remaining option. The E U F U would have to borrow money from the lender of last resort to save the Spanish banks.

And who is the lender of last resort?

The Spanish banks.

RELATED POSTS:
Where Did All The Money Go
The Black Swan and Economic Voodoo
The Debt Crisis
Humour and Satire

That’ll Show Them.

Husband is getting a bit irate watching the rugger.

Most annoying is the fact that Scotland are sponsored by RBS, the british taxpayers bank.

“Never mind” I tell him, “maybe we can make it a condition that if the Scots vote to split from the union they’ll have to buy back RBS.”

Ooooh better late than never.

When I was a slip of a thing there appeared on the windows of a honeymooning couples house,

ONCE A NIGHT ALWAYS A NIGHT
TWICE A NIGHT’S ENOUGH!

In light of this weeks events and what we know of ex Sir Fred’s affairs wrong on both counts it appears.

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Scots Wha Hae When Wallace Bled

The Bonnie Banks O’ Scotland Can Be Found Elsewhere

Not so much having a break today as a change of scenery. I have stated before that one of my favourite poets is William Topaz McGonagall, reputedly the worst poet ever published in the English language.

McGonagall had not appreciation of rhytm or meter, no understanding of metaphor and little feeling for language. But he loved poetry and he loved Scotland. So as the financial crisis juggernaut rumbles on it was a good time to open up my little used comic verse blog and post:

The Bonnie Bonny Banks O’ Scotland in the style of William McGonagall.

Enjoy.

Chequing Into A Future Of Medieval Serfdom.

Singing hey ho and a hey-nonny-no I was making my merry way along Cordwainers Lane, the rhythm of my steps accompanied by the jangle of credit cards and cash cards in the leather purse that hung from my belt when I came upon a hag who sat by the road and wept most sorely. “Why weepest thou so Madam,” I asked, hoping my jaunty tone did not offend her ear. The tragedy that had befallen this dame must indeed be great it was reflected in the awful wailing she made.

“Oh woe, woe,” she cried, “what is to become of me for I can no longer light my gas stove having had my supply cut off and without that I cannot boil handkerchiefs to make the hearty, nutritious soup I sell on market days.”

“Forsooth madam, what wickedness is this? Have the evil Utility Barons raised the price of fuel so much that poor folk cannot afford to boil a cauldron of soup.”

“ ‘tis worse than that,” she said, “though a fine Gentleman like your worthy self would not know of such things. I am not so poor that I cannot pay my bills, I should be able to continue making my living from selling tasty handkerchief soup were’t not for Lord Fatcat the Utility Baron having decided that my chosen method of payment is too lowly for their cashiers to accept.”

I was confused. Odd’s bodkins, what was this babbling old fool talking about?

“Madam,” I declared, “if you will permit me I will accompany you now to the house of the Utility Lord’s toll collector and will personally take care of your bill.”

She tried to stifle her sobs but the poor creature was beyond comforting.

“Oh no good sir, no. What has happened to me is beyond your understanding. I have offered payment in full but the Utility Baron’s toll collector is too haughty to accept my cheque. He sayeth the Bank no longer process cheques and I must pay with plastic or cash or sign a direct debit authority which will permit the Utility Baron’s men to take what they will from my bank account at their whim.”

Egad, this was returning honest folk to serfdom. The pittance they could earn by honest labour would not be theirs to do with as they wished. Their Utility Baron would have first claim upon it. These business people who safe in their towers in London robbed the poor with impunity were surely the most vile creatures as ever walked the earth, some said they were just good capitalist businessmen but it seemed to me they were more ruthless than the Robber Barons that had flourished in my Grandsire’s day. Surely it could not be long now until they had written into the Droit De Seignior section of their utility supply contract the Primae Noctis clause giving them the right to deflower and woman on the first night she and her family occupied a house which obtained its gas and electricity from them.

“Thou seest why I weep good sir, were a frail old woman like me to walk along Cutpurse Way or even Vagabond Turnpike carrying cash I would surely be robbed for the thieving scumbags who frequent such places are no respecters of age or gender. My old eyes are to dim for me to correctly enter a PIN number in a little machine and besides who would give me a credit or debit card when my needs are few and the bankers could make little profit from operating my account. I might as well be penniless as a poorhouse preacher sir if what little I have cannot be spent on he things I need.”

It was true, I had heard of these plans to phase out cheques and force all transactions to go online or use plastic. It seemed unfair but such things did not affect me, after all I, Sir Roger Emall, had been away many a year fighting my King’s wars in far Mesopotamia and The Hindu Kush from where the heathen threatened issue forth to subsume Merrie England in and force upon us their strange ways. Consequently I had done nothing.

What had I found on returning to my homeland but that the nobles, friends and associated of our brave and pious King were waging war on his own loyal subjects even as he led his armies against those who would deny the superiority of the western way?

I led the old woman to the house of the Utility Baron’s toll collector, paid her debt and accepted her cheque as reimbursement though I would never present it. Then bidding her good morrow I made my way to the house of Joblot the Haberdasher where I bought a Tommy Hilfiger Eccliasiatical Robe with Cowl. A pot of pain from Bodger the Doeth It Thyself shop with which I could paint over the Coat Of Arms on my shield completed my purchases.

That day my life as Sir Roger Emall, playboy Knight Adventurer would end, the morrow would see me reborn as Robbing Hoodie, the Champion Of The Common Folk.

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Rich Bankers

I’ve just had an interesting conversation with a chap from my bank.
And it is my bank, and yours too, we’re majority share holders I believe, because my bank took on millions of pounds worth of debt from people who couldn’t afford to pay and had to come and ask our representatives in Parliament for a handout of our money.
So the money the bank has is mine anyway, right?
So they wanted to charge me £21 for going £12 overdrawn for a maximum 16 hours. That’s fair innnit?
I used to have a £1000 overdraft facility but they had decided that as I didn’t use it I didn’t need it.
They were supposed to revue that in April, but hey ho, for some reason they decided to change it in March, and then guess what, a direct debit for £92 went out the day before a payment of £80 went in.
So there I am trying to get the overdraft facility back, not a grand though, but £100 maybe, just to be on the safe side.
And what did the chappie tell me?
I couldn’t have an overdraft greater than the regular payments going into the account, so £50 was the maximum I could get. Apparently they’re worried I might not pay them back.
Neatly overlooking the feeling amongst us taxpayers that we won’t get our money back and it’s a sight more than £12.
He suggested that I put say £200 into that account each month, then I’d get a £100 overdraft, but as I only spend £120 from that account each month I wouldn’t need one would I?
I aked if I was in credit whether the bank would pay me a £15 arrangement fee and £6 per day in charges for every day I was in credit but he thought I was being silly.
That’s rich coming from a banker.

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Q.E. with Stephen Fry: The television panel game for recession and financial crisis.

A television studio set of a pnel game. four panellists are arranged in pairs on either side of the host, Stephen Fry.

Stephen Fry:
A very good evening and welcome one and all to Q.E. the panel game about Quantitative Easing and other aspects of the financial crisis that have led to recession and possibly the end of civilisation as we know it. This is a show similar to QI in many ways in that I ask incredibly difficult questions about the collapse of the global economy so the panel can give excruciatingly incorrect answers. I then correct them in a smug and patronising yet simultaneously witty and charming way only a national treasure like myself could possibly carry off.
It matters not though that our panel are seldom able to give the correct answer as nobody truly knows what the correct answer is so we give them points for being Quite Entertaining which is a form or Quantitative Easing for the stressed out spirit.

Well now that everybody is totally confused about what is going on I shall introduce the panel. On my left we have The Politicians, a dour, curmudegeonly Scot to whom we shall refer as The DCS and a Tory Posh Boy (though obviously he is not as posh as me) who shall go by the monicker of TPB.

Over on my right meanwhile, straining at the leash as they wait to dive into the fray we have The Entertainers, a Working Class Dolt or WCD for short…

WCD:
That’s a bit like WMD innit? WCD, that could be weapon of complete destruction. I like that.

SF:
That is Quite Entertaining so you can have a point. It is I however who shall be the Weapon Of Complete destruction as I make you all look ridiculous. And speaking of looking ridiculous, completing the line up tonight our final panellist is the woman with the biggest tits in Britain; Katie Price. And now the formalities are done with let us move to the first question. Who or what is to blame for the credit crunch?

WCD:
Yeah, I know this. It was Oscar Wilde. (bells ring, sirens wail and a chorus of Flash Bang Wallop What A Picture plays.)

SF:
No, no, no, oh dear me no. In this game you should not give the obvious answer because nothing is ever what it seems to be. No it was not Oscar Wilde, a character portrayed with no little excellence by myself in a film some years ago I might add.

WCD:
Samuel Johnson, George Bernard Shaw, Shakespeare, Winston Churchill?

SF:
Unfortunately it was not Samuel Johnson, George Bernard Shaw or indeed any of the usual suspects. When an inquisitor asks for the originator of a particular epigram it is always a good idea to answer Wilde of Shaw. The point you missed though is the credit crunch is not an epigram but a sobriquet for the collapse of confidence in the global banking system.

DCS:
Aye och aye, it was the last Tory government.

TPB:
What ho chaps and chapesses; It was the Dour Curmudgeonly Scot on my right, Absoluteleah yah?

SF:
You all lose points for not being entertaining.

Katie Price:
I got the biggest tits in Britain.

SF:
That’s very nice for you Katie but I hardly think it is the cause of the credit crunch.

WCD:
It might be, right. If the Sun and Nuts and all that lot paid Katie per inch for the amount of busty tissue she was getting out cos they knew the more she got out the more copies they’d sell if could have led to all the blokes in the world maxing out their credit cars to see more of Katie’s boobs.

SF:
Total nonsense but very entertaining. Have some points.

TPB:
It was the ban on foxhunting.

SF:
Why, how did the ban on inbred idiots like you molesting small furry animals cause the credit crunch you inbred idiot?

TPB:
No idea but it did. I said so and I’m posher than you.

DCS:
I know, och aye. It was that fat tongued idiot Jamie Oliver and his healthy school dinners. Mt predecessor Tony (hack – phut) Blair let the fool loose with school dinners budgets and instead of feeding little cavs on turkey twizzlers and monster munch that they enjoy he was giving them cous cous that costs a fortune and they hate.

SF:
A cous cous conspiracy. That’s quite entertaining but completely wrong.

TPB:
I say you chaps, it was caused by the Bee Colonies dying. (Bells ring, Sirens wail and a chorus of The Bee Gee’s Stayin’ Alive plays)

SF:
Oh dear, we knew somebody would say the decline of the Bee population was to blame but it is not right. The decline of the bee population is a problem as bees are responsible for pollinating many important food crops but I’m afraid they are not involved in pollinating the global economy.

WCD:
Did you know Bees invented radar.

TPB:
Two bees featured on the logo of Bradford and Bingley Mortgage Banks and the credit crunch started when they went bankrupt.

WCD:
My uncle had his savings in Bradford and Bingley. When they went bankrupt he lost the lot. It stressed him out so much he had an attack of hives.

SF:
That’s very entertaining, you can have five points.

Katie Price:
Ashley, the credit crunch was caused when the so called sub prime mortgage market in Britain and the USA was revealed as a glorified Ponzi scheme. Bad loans made to clients lacking the means to repay were collateralised by over-valuing poor quality properties. Eventually the overvaluation of assets to provide collateral for loans reached such ridiculous levels the banks lost confidence in the collateralised debt obligation they were trading, realising that such derivatives were not underwritten by real, negotiable assets.

SF:
That’s amazing Katie, you’re absolutely right, but who is Ashley? Moving on to the next question, what is the biggest thing in the solar system?

WCD:
A Blue Whale. (Bells ring, trumpets blare and the theme from Jaws plays.

SF:
Oh no, you always fall for it, it isn’t a Blue Whale.

WCD:
It’s a very big Blue Whale that is swimming through space with The Universe balanced on its back.

SF:
Not, that’s a turtle you are thinking of. Lose all your points.

WCD:
You know in The Bible right? It says a whale swallowed that bloke Jonah. Well a Blue Whale can’t swallow anything bigger than a grapefruit so Jonah must have been a dwarf.

SF:
Very good, that is quite entertaining, you can have back half the points you just lost. Anyone got an answer? What is the biggest thing in the solar system.

Katie Price:
Ashley it’s me tits.

SF:
I’m sorry Katie, I don’t want to destroy your self esteem but there are much bigger things in The Solar System than your tits although a Blue Whale could not swallow either of them let alone both.

DCS:
This is easy, it’s the Labour majority in Parliament. (Bells ring, foghorns hoot and a chorus of The Red Flag plays)

SF: No.

TPB:
Easy peasy lemon squeezy. The Sun. (bells ring, a lone wolf howls and a chorus of The Sun Has Got His Hat On is played.)

SF: Absolutely wrong and very obvious. You will have to be more entertaining than that.

Katie Price:
Ashley it’s the total indebtedness of the American nation, not the annual trade deficit, not even the national debt but the total indebtedness of every household, business, non commercial organisation and government department. It currently stands at $63.7 trillion and if you stacked up 63.7 trillion dollar bills they would reach further into the sky than me tits do when I lie on be back.

SF:
Absolutely right Katie but don’t call me Ashley, it isn’t my name.

Katie Price:
I know you’re called Stephen Ashley.

SF:
No, I’m called Stephen Fry actu… oh I see. Apologies. Anyone able to tell me what a trillion dollars is?

WCD:
The amount what Katie has insured her tits for?

Katie:
Gerrahtofit. Those is priceless.

SF:
They would be if you had them amputated but on to the final question. If the government’s Quantitative Easing policy fails what could possibly solve the global crisis?

DCS:
Och aye, copy everything Barack Obama does

TPB:
OK yah, we can bet The Crown Jewels on Kauto Star to win The Gold Cup again next year.

WCD:
Start printing money.
Rob a few banks.
Ask Vince Cable.

SF:
All wrong except for the one about Vince Cable but he isn’t here. Everybody loses all their points.

DCS:
Aye but ye see Mr. Fry…

WCD:
You sound like a Bond villain, ye see Mr. Bond nobody can stop me because I control all the porridge in the world.

DCS:
Ye see Stephen Quantitative Easing cannae fail because transferring toxic assets to the taxpayer will free the banks to restart lending at usurious rates to people who have no jobs, no income and no means to repay the loan except by borrowing more, using the toxic assets they hold as collateral.

TPB:
OK yah, my party would reintroduce slavery. There has never been a successful economy that was not based on slavery.

Katie Price:
The Tory Posh boy is not living on Planet Reality and the Dour Curmudgeonly Scot has lost the plot, what he is proposing is just a repetition of the debt fuelled boom that got us into the mess. We must first address the deep flaws in the system used to move money around the world by introducing strict but fair and transparent regulation then the banks can be held accountable for their malfeasance. Secondly the government must be willing to let banks fail rather than throwing taxpayers money at them. It is sufficient to underwrite clients’ savings. Bail outs and stimuli are simply a reward for failure. Third we must buy up houses with serious mortgage arrears due to the mis-selling of mortgages. By doing that we can allow people to stay in the homes they have made for themselves. Finally we must close tax loopholes which make it profitable to import from China good that could be made here. A system that exports British jobs and punishes local enterprise is insanity.

SF:
Absolutely right. Katie Price, you astound me.

Katie:
Of course I do because…

(she rips off her prosthetic breasts and tears away the false skin that has covered her face)

I’m not Katie Price at all, I’m really Vince Cable, the only personb in politics who saw the crash coming.

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The Slug And The Snail – poetry for the recession

The Dead Flag

As the idiocies of Brown, Lord Mandy and their Nu Labour buddies get even more inept we take one of our occasional excursions into song with a new revolutionary anthem. If you don’t know the tuneCLICK for the melody and original lyric to The Red Flag which was once the official song of The Labour Party. On visiting the plage click Play Midi to hear the audio track.

The Dead Flag.

Now all the bankers have gone broke
And can’t afford a line of coke
They rigged the markets, cooked the books
And filled their wallets, oh what crooks
Where selfish greed has led the way
Now we the public have to pay,
But will we get a word of thanks
Or will New Labour help the banks.

As rich folk move their wealth offshore
Our savings have walked out the door.
Their funds are sealed as tight as clams
by clever tax avoidance scams,
The bastards say they’re hard done by
But still not one can tell us why
we are bankrupted by the crash
as they the rich get bailout cash

But social justice cuts no ice
in this New Labour Paradise
However you choose to relax
they’ll hit it with a higher tax.
Surveillance with CCTV
curtails your civil liberty,
and even when we’ve paid our due,
the buggers tell us what to do.

They treat us if we are retards
and plan to charge us for ID cards
that will track us through GPS.
How did we get into this mess.
They tell us what to eat and drink,
and even what we’re allowed to think.
A revolution’s overdue
We’ll tell the bastards where to go.

Are Barack Obama and Gordon Brown planning an attempt to achieve world domination this week or are they just meeting up in Washington DC for a bit of mutual analingus. Read what Jeff Scheiber thiks in Made For Each Other an article on Brown’s sudden reconversion from Free Market capitalism to Keynesian tax and spend economics.

Worth A Read: Texas Darlin’ on how Michelle Obama has elevted herself from minger to fashion icon by blagging designer dresses from top designers in Buy You Own Damn Designer Dresses Michelle No matter which designer Michelle hits on however, it does not disguise the fact that she is a minger with an arse the size of an asteroid and the dress sense of a sack of potatoes. But as Texas Darlin’ a US Democrat BTW asks, why is Michelle proclaimed an icon for bumming free outfits when the much better looking (even if you do hate her politics) Sarah Palin was pilloried for doing the same? Double standards among the Politically Correct Thought Police across the pond maybe?

We boggart Bloggers like a bet as much as anyone and with Grandad having been a bookie why not. So is it worth opening a book on how much the Brown / Obama global bailout will cost taxpayers. not according toeconomic writer Will Hutton who was warning anyone who’d listen about the state of the world economy a decade ago. Will writes today Thanks To The Credit Crunch All Bets Are Off. Now he tells us.

Gordon’s Groundhog Day

Yesterday, or in this case last October seems to keep repeating itself as Gordon Brown’s government thrashes around desperately seeking a way out of the economic meltdown that look as if he is acting on his own initiative rather than sheepishly following Barack Obama’s imbecilic and doomed fiscal stimulus.

On Monday of this week the government, in response to news that a couple more banks were on the verge of bankruptcy dug deep into its coffers once more to bail out the collapsing financial institutions. Surprise, surprise, Lloyds, Barclays and RBS jump up and yell, us too, we need a bung. So far there are few sings David Cameron has any better ideas.

As Boggart Blog and our blog chum Little Nicky Machiavelli predicted in December 2008… and November and October and last summer and in March and January and all the way back to August 2007 the ailing banks grabbed the bailout cash without a word of thanks to the generous taxpayers, trousered it and disappeared over the horizon with their collective arse on fire.

Now here we are again and it begins to look as if the economic crisis will just keep repeating itself until Groundhog Day Gordon, Darling Alistair and Madly Spinning Mandy finally do the right thing, renounce the dark forces of free market capitalism and resign.

Groundhog day is a modern American smokescreen to mask from the more fanatical Christians a celebration of the ancient pagan festival of Imbolc. It is also a pretty excellent film of course.

Yesterday’s action did show a little progress though. A slightly bewildered looking groundhog did appear in the rotund shape of Ken Clarke. But where was the shadow minister’s shadow? It looked to us to be moving slightly to the left, being sucked in to the vacuum in the centre of British politics perhaps?

AND STILL Loony Labourites say the bailout is not enough and demand the government throws yet more money to the dogs of capitalism Bailout is not radical enough.

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Disillusion is creeping in across the pond. A rareity on Huffington Post, this article, Obama fails first test, is actually critical of The Obamessiah

Meanwhile this article Ken Clarke is beastly to Cameron shows the Tories are still living in a Billy Bunter book. Who says “beastly now?

UPDATED Feb11, 2009:

Slow off the mark as ever, the mainstream media catches on to the Groundhog-Day-like nature of the recession Richard Adams; A trillion reasons to be hopeful