China Lifts the Curtain on $38 Billion Olympics Extravaganza

It is the most eagerly anticipated Olympics in history and today, at exactly 8:08 pm on the 8th day of the 8th month, the Beijing Games finally began. First came a heart-stopping explosion of fireworks which turned the night sky crimson and coated the landmark Bird’s Nest in a blaze of red.”

Not looking forward to Chicago 2016 living up to this ceremony in 8 years – exclude US.

Full article with pics here

Abortion + Catholic Vote = ?

Obama can’t get them all – but, he can get a large enough chunk by selecting a Catholic VP.

http://www.nytimes.com/2008/08/07/us/politics/07catholics.html?ref=us

Weird timing – I posted an abortion related Catholic vote comment here yesterday at noon and received the above link via email from The New York Times around 4 pm.  I’m not sure when the NY Times article was originally posted, but, it had nothing to do with my comment.

Regardless, I assure you Obama’s VP will be a Catholic.  There’s a reason Caroline Kennedy is vetting potential candidates.

While I previously posted that Bob Casey Jr. could be in the running, I think Kaine’s political experience and carrying Virginia is probably more important when vetting a VP candidate.  How important is the Latino vote and/or New Mexico?  Answer: Pretty fcking important. Bill Richardson is a Catholic with vast foreign and energy policy experience.  Interesting that you don’t hear his name mentioned that often as of late.  Is Judas the dark horse?

Oh Sh!t – Consumer Credit Spending Skyrockets in June

http://www.bloomberg.com/apps/news?pid=20601087&sid=ap7UVL.N6UAM&refer=home

Note to self: Don’t watch Bloomberg television when you’re working from home.  Without being said, the dire/apocalyptic reports from yesterday were not mentally stimulating.

As seen above, consumer credit spending skyrocketed in June at a level TWO TIMES what economists predicted.  This is not a good sign considering inflation – the cost of goods – has been out of control and won’t ease for a few more months.  Consumer’s have no other means to spend other than plastic seeing that home equity loans and the tax rebates have dried up.

Somebody wake up the lazy sleeping bear – a.k.a. the bush administration.  What happens once all the credit dries up and consumers have to start making payments in July/August while filing for unemployment at an increasing pace when a gallon of milk is still $3.99? Errrrrr.

Obama – drop out of the race now!

P.S. Why is a $2 cup of Starbuck’s coffee so fcking bitter?