JJC_Daddy’s Weblog

September 30, 2008

Just thinking out loud

What’s the chance that the Congress would vote down the bailout plan again on Thursday?

Much has been said that banks are not lending to each other. However, banks are still lending to the consumers. Hmmm…

Given the amount of money involved in bailout, won’t government be better off just function as a bank? After all, the current trouble is due to the lack of confidence among the bankers, and that they won’t lend to each other. Since the bailout is pretty much just nationalize the losses, we might as well just nationalize the whole banking industry.

September 29, 2008

That woosh sound you hear

It’s just DJIA dropped 777 points in one day. It’s not the end of the world. Not even a great depression means the end of the world. It just mean lots of hurting could coming towards your way, if this financial crisis beast is not steered away properly. The market casted its vote, let’s wait and see what comes next.

September 27, 2008

Post-debate poll breakdown by Fivethirtyeight.com

That’s why I like Fivethirtyeight.com – rational numbers backed by rational thoughts. A trait that’s sorely missing in America the last eight years.

Why Voters Thought Obama Won

TPM has the internals of the CNN poll of debate-watchers, which had Obama winning overall by a margin of 51-38. The poll suggests that Obama is opening up a gap on connectedness, while closing a gap on readiness.

Specifically, by a 62-32 margin, voters thought that Obama was “more in touch with the needs and problems of people like you”. This is a gap that has no doubt grown because of the financial crisis of recent days. But it also grew because Obama was actually speaking to middle class voters. Per the transcript, McCain never once mentioned the phrase “middle class” (Obama did so three times). And Obama’s eye contact was directly with the camera, i.e. the voters at home. McCain seemed to be speaking literally to the people in the room in Mississippi, but figuratively to the punditry. It is no surprise that a small majority of pundits seemed to have thought that McCain won, even when the polls indicated otherwise; the pundits were his target audience.

Something as simple as Obama mentioning that he’ll cut taxes for “95 percent of working families” is worth, I would guess, a point or so in the national polls. Obama had not been speaking enough about his middle class tax cut; there was some untapped potential there, and Obama may have gotten the message to sink in tonight

By contrast, I don’t think McCain’s pressing Obama on earmarks was time well spent for him. One, it simply is not something that voters care all that much about, given the other pressures the economy faces. But also, it is not something that voters particularly associate with Obama, as the McCain campaign had not really pressed this line of attack. If you’re going to introduce a new line of attack late in a campaign, it has better be a more effective one that earmarks. And then there was McCain’s technocratic line about the virtues of lowering corporate taxes, one which might represent perfectly valid economic policy, but which was exactly the sort of patrician argument that lost George H.W. Bush the election in 1992.

Meanwhile, voters thought that Obama “seemed to be the stronger leader” by a 49-43 margin, reversing a traditional area of McCain strength. And voters thought that the candidates were equally likely to be able to handle the job of president if elected.

These internals are worse for McCain than the topline results, because they suggest not only that McCain missed one of his few remaining opportunities to close the gap with Barack Obama, but also that he has few places to go. The only category in which McCain rated significantly higher than Obama was on “spent more time attacking his opponent”. McCain won that one by 37 points.

My other annoyance with the punditry is that they seem to weight all segments of the debate equally. There were eight segments in this debate: bailout, economy, spending, Iraq, Afghanistan, Iran, Russia, terrorism. The pundit consensus seems to be that Obama won the segments on the bailout, the economy, and Iraq, drew the segment on Afghanistan, and lost the other four. So, McCain wins 4-3, right? Except that, voters don’t weight these issues anywhere near evenly. In Peter Hart’s recent poll for NBC, 43 percent of voters listed the economy or the financial crisis as their top priority, 12 percent Iraq, and 13 percent terrorism or other foreign policy issues. What happens if we give Obama two out of three economic voters (corresponding to the fact that he won two out of the three segments on the economy), and the Iraq voters, but give McCain all the “other foreign policy” voters?
Issue Priority Obama McCain
Economy 43 –> 29 14
Iraq 12 –> 12 0
Foreign Policy 13 –> 0 13
==========================================
Total 41 27

By this measure, Obama “won” by 14 points, which almost exactly his margin in the CNN poll.

McCain’s essential problem is that his fundamental strength – his experience — is specifically not viewed by voters as carrying over to the economy. And the economy is pretty much all that voters care about these days.

EDIT: The CBS poll of undecideds has more confirmatory detail. Obama went from a +18 on “understanding your needs and problems” before the debate to a +56 (!) afterward. And he went from a -9 on “prepared to be president” to a +21.

About that Sarah Palin interview with Katie Couric

Katie Couric might just have killed Palin’s job prospect for sure, while Palin probably saved Katie’s job. Ironic, isn’t it? Who is next to in firing line? Brian William?

Thoughts on tonight’s debate

All things considered, John McCain did very well in tonight’s debate. He made some good points and I do agree with some of his policies. Overall I say the debate was a draw. But then again, I had pretty low expection of him after all the shenadigans as well as Sarah Palin’s incoherent interviews these last few days. Had John McCain being the McCain of 2000-2006, his performance might just have given him the edge he needed over Obama. But I think Obama, by holding his serve, got the slight edge tonight. We will have to wait for the poll numbers next few days to see how the debate perceive. But I’m out on a limb here to say that if McCain lost tonight’s debate, it’s not because what he said or didn’t say during the debate, it’s because more and more people getting sick and tired of his crazy and asinine stunts. Where art thou, McCain of 2000-2006?

September 26, 2008

Here is someone with real experience dealing with the Russians

markie_farkie 2008-09-25 07:54:07 PM

Geotpf: I’m curious as to what living in Moscow in the 1970’s was like. Got any fun/scary/weird commie stories?

We got followed a lot (I was just a 10-12 year-old snot-nosed kid when I lived there) and screwed with the guys.. Our apartment building was bugged (friend chiseled a few out of the walls) and had 13 stories if you counted up from the outside, but the stairwell stopped at 12. Hmm..

Other than that most Soviets were just regular folks.. Curious about America and Americans.. We used to trade 6-packs of Cokes for old Russian war medals, etc. I have about 300 pins, medals, etc I swapped various stuff for. Gum was big too..

That’s pretty much the story no matter where you live. Governments usually play a big role in farking up things for the average Joe. Some countries do a better job of reflecting who the average person is in their land, others do worse.

We unfortunately have projected a pretty piss-poor image of ourselves as of late.. It’s one thing when some ugly American tourist insults a waiter in a foreign country because there isn’t something EXACTLY like what they get at home on the menu. It’s another thing when your government does its best to have that same waiter want to spit in your soup, even if you ordered it perfectly in the local language, just because you’re American.

I can see Russia from my house

Excerpt from Sarah Palin’s interview with Katie Couric:

COURIC: You’ve cited Alaska’s proximity to Russia as part of your foreign policy experience. What did you mean by that?

PALIN: That Alaska has a very narrow maritime border between a foreign country, Russia, and on our other side, the land — boundary that we have with — Canada. [...]

COURIC: Explain to me why that enhances your foreign policy credentials.

PALIN: Well, it certainly does because our — our next door neighbors are foreign countries. They’re in the state that I am the executive of. And there in Russia –

COURIC: Have you ever been involved with any negotiations, for example, with the Russians?

PALIN: We have trade missions back and forth. We — we do — it’s very important when you consider even national security issues with Russia as Putin rears his head and comes into the air space of the United States of America, where — where do they go? It’s Alaska. It’s just right over the border. It is — from Alaska that we send those out to make sure that an eye is being kept on this very powerful nation, Russia, because they are right there. They are right next to — to our state.

If you buy that, my friends, John McCain has some nice ocean front properties in Arizona just for you.

Let’s get real here, no one it his/her right mind believes this kind of crap, but at least 50% of the country won’t care. Still, spare us this type of cringe inducing moment, okay? Just say vote McCain and Palin for the heck of it. Just say a vote for McCain is a no for Obama. Just say pick McCain as a leap of faith. At least it’s true and honest. And people can buy that.

Man, my 6 years old nephew makes better excuses.

September 25, 2008

The pork that was the spaceshuttle

China is planning to launch its third manned spaceship on Thursday. Meanwhile, NASA recently announced its next gen spaceship won’t be ready until 2015 while the spaceshuttle fleet is scheduled to retired by 2010. Either NASA would have to postpone the spaceshuttle retirement at great risk to the life of astronauts; or there is distinct possibility that from 2010 to 2015, Russia and China would be the only two countries with human spacefaring capabilities. It’s not a biggie, but it still will be embarrasing for a country who once sent human to the moon.

Here is an old, old article published back in 1980 that pretty much sums that how NASA got into its predicament today. Ah, the power of pork; you can check in, but you can never check out.

What are you going to do if you’re elected and things get tough? Suspend being president? We’ve got a guy like that now!

This election keeps on getting weirder, all thanks to John McCain. First he unilaterally suspends his campaign, claiming he has to go Washington to help resolve the ongoing financial crisis. Fair enough, we are on the brink of a great depression. Then he cancelled his appearance on the Tonight Show, because he “had” to fly to Washington. Only to have an interview with Katie Couric a few blocks away, at the time of the taping of the Tonight Show. You can understand how pissed off David Letterman was. Then McCain wanted to postpone the Friday debate. After Obama said no, McCain insisted that until the bailout deal is done, there would be no debate. And he was not done yet. McCain campaign told ABC News later in the evening that they want to postpone the VP debate as well, after they already watered down the VP debate.

As David Letterman said in the Tonight Show, “What are you going to do if you’re elected and things get tough? Suspend being president? We’ve got a guy like that now!”. Seriously, Bush looks good compared to McCain right now. Sure Bush was prone to gaffes, and he looks like an idiot. But he never ran away from a Presidential debate. And his VP’s nickname is “Darth Vader” and acts like one, too. Dick Cheney would eat McPalin for breakfast, lunch and dinner.

What’s next? Would McCain ask to postpone the election due to the ongoing crisis? After all, the nation needs him.

Someone please help my history here. Wasn’t Carter the last debate dodger? Then when he finally got to debate with Regan, Regan destroyed him despite Carter quoting impressive data and facts one after another, and all Regan got was some dramatic sighs. Let’s see if history repeats itself.

Update: Here is an article that says McCain is pulling a Jimmy Carter.

September 24, 2008

Cognitive dissonance

Cognitive dissonance – Cognitive dissonance is a theory of human motivation that asserts that it is psychologically uncomfortable to hold contradictory cognitions. The theory is that dissonance, being unpleasant, motivates a person to change his cognition, attitude, or behavior in 3 ways.

  1. One may try to change one or more of the beliefs, opinions, or behaviors involved in the dissonance;

  2. One may try to acquire new information or beliefs that will increase the existing consonance and thus cause the total dissonance to be reduced; or,

  3. One may try to forget or reduce the importance of those cognitions that are in a dissonant relationship (Festinger 1956: 25-26).

Last Wednesday, on NPR, one show host was talking to a correspondent in Beijing about China and its view in the US financial crisis. The correspondent causually mentioned how China still has a Communist tendency such as BAILING out failing banks. At that moment I just felt surreal. How in the world they still can refer bank bailout as Communist when US just had a bout of bank/corporate bailout and were about to announce the mother of all bailout in two days. Just unreal.

Here is another article attacking Obama being a leftist. All the money in the world and people still can’t buy a clue. Who proposed this giant bailout plan anyway? Some farkin’ liberals? No, it’s the Bush administration. Of course, in the Republican convention, Romney blasted the liberals that were in control of Washington the last 8 years. Let’s see, Bush was the President last 8 years. Republicans controlled both houses for 6 of the last 8. So Bush and Republican parties are liberal? Ah, that must be it.

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