Concept of the Day: DOUBLE STANDARD

Hey kids! Today's concept is: DOUBLE STANDARD. As in, "The Republicans seem to espouse a double standard when judging private sector and government sector finances."

The piece What's Good Enough for GE is Good Enough for the United States argues the point that S&P's downgrading of the U.S.'s credit rating was widely met with snorts and chuckling. Why?

Still, it’s true that federal debt held by the public has reached 60 percent of GDP, while tax revenues remain around 20 percent of GDP. 60 percent of GDP is a lot! And double, nearly triple, tax revenue! What would we call a company with outstanding debt double or even triple its revenues, and expected to keep the highest bond rating?

We would call it General Electric. As recently as 2007, GE had an S&P rating of AAA with outstanding debt at over three time revenues...

Even Transocean, which operated the Deepwater Horizon rig for BP, managed an A- rating prior to the spill, with a debt-revenue ratio similar to what the federal government has now. [J.W. Mason, New Deal 2.0]

We all know the conservative mantra, spouted ad nauseum from our Gret Stet of Looziana to the congressional halls of the Beltway: "Government should be run like a business!" As it turns out, the government is already run like a business. So thank you, Republicans. Your work here is done. You can all step down from your lives of public service now and go home.

Tracy Morgan Has Obama's Birth Certificate

See minute 1:00 of the clip.

The Daily Show - Tracy Morgan
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AND GO SEE THAT BOY, DONALD!

Not Even If It's Charity

I'm reading a book called Where We Know: New Orleans as Home. It was a gift from three creatively maladjusted friends, who also happen to be three of our great literary citizens: Sam, G Bitch, and MF.

An essay in the book written by Eve Troeh contains what is definitely the quote of the day. Troeh recalls the story told to her by a family rescued from the Superdome and bussed to Arkansas:

"God bless them I know they were trying to be nice, but you do not put hot dogs in gumbo, even if it's just charity."

Sen. Vitter Hopes to Retire Well on Earth Before It Turns Into Venus

In his Jan. 20, 2011 email update, Sen. David Vitter proudly proclaimed: "In 2009, I was the first member of Congress to challenge the radical environmentalists' attempt to regulate greenhouse gases by introducing a bill declaring that carbon dioxide, methane from agriculture and livestock, and water vapor are not air pollutants."

First of all, calling everyone who disagrees with you "radical" or "leftist" is not toning down political rhetoric. No need to overdo it, Senator. "Environmentalists" alone was enough for your supporters to open their pocketbooks.

Second of all, not wanting to breathe polluted air is not all that radical an agenda to espouse. Neither is the contention that too much of a good thing, even if it is a source of life, can be a bad thing. Just ask the gulf seafood you want us to eat, Senator. (Tip: you should pose your question before you consume them.) According to Dr. Jeff Masters, guru of wunderground.com who did his dissertation on carbon dioxide (CO2): "increased CO2 from burning fossil fuels has already harmed sea life."

Dr. Masters further explains:

the fossil fuel industry's slogan, "Carbon dioxide: they call it pollution, we call it life!" could just as truthfully be phrased, "Carbon dioxide. We call it pollution, and we call it death." One need only look at our sister planet, Venus, to see that too much "life" can be a bad thing. There, an atmosphere of 96% carbon dioxide has created a hellish greenhouse effect. The temperatures of 860 F at the surface are hot enough to melt lead. There's not too much life there! [Is Carbon Dioxide a Pollutant?]

Maybe the Senator's objection to cap-and-trade regulation of CO2 comes from a good place, say, a healthy skepticism of science. I don't know, but I'm going to maintain my own healthy skepticism of his motives. According to the Center for Responsive Politics, a.k.a. opensecrets.org, 70% of Senator Vitter's wealth comes from the Energy & Natural Resources sector of the economy. Too much carbon dioxide may be bad for your health, but too much regulation might be even worse for Sen. Vitter's checkbook.