Exhibit 12.24

I recently began writing in a new font, if not permanently then at least for this current thing I'm doing. As this current thing I'm doing is going to take a while, it looks like I'm stuck with...wait for it...

Bolded Courier New

Sigh. I know. If it helps, I'm thinking about losing the bold. Embarrassingly, I actually hadn't planned on bolding the font, but I forgot to turn it off after I typed the title. As the title was all I could manage that first day--well, I guess I also hit enter a few times and possibly typed my name before watching Project Runway or whatever it is you think I do with my time--by the time I came back the next day I'd forgotten and just started typing away. It's not quite as bad as it sounds since, as Wikipedia tells me, Courier is a monospaced font and the bolding darkens the words without making them take up more space on the page.

Still, I feel a little bit like one of those old writers who bregudingly switched to computers in the 1980s and ever since has tried whatever they could to replicate the typewriter experience. Are there writers like that? I imagine Delillo is like that. So, yeah, I feel like Delillo if Delillo wrote crap and didn't know how to properly capitilize his own name.

So why the switch? I have no idea. I used to write in Garamond which is what 99% of you are probably seeing when you read this blog.

(Hold on, let me do the math here:

4 readers + 1 spambot + me X .99 = # > # of Boxcar Children)

I still like Garamond--though I'm a bit jealous of Mac users who have Hoeffler Text--and all of my final drafts will probably end up in it one way or the other, but I guess I was tired of writing something and having it look finished so early in the process. The great thing about Courier is that it looks so horrible it's like evil is chasing your words down the page as you type and if you stop it's going to get you. So there's that.

Exhibit 12.17

At this point it's clear who has seized the momentum in the current economic environment. It's not really even McCain's fault, honestly. He just so happens to represent the party that has pushed deregulation and privatization for the past 30 years at a time when it's abundantly clear that the former didn't work and the latter would have meant disaster for those depending upon Social Security (e.g. most everyone). Oh, right, I guess that does mean it's a little his fault.

No matter what you think of the collective memory of the American electorate, it's not hard for people to look at the stock market and know what privatizing Social Security would have meant. Nor is it hard for them to see through the blatant hypocrisy of these bailouts being engineered by a Republican administration which couldn't have shed the mantle of individual responsibility, privatization, and small government fast enough once it became clear a significant number of banks were going to fail. Thank god that, at least for the moment, the brakes are being put on the bailout plan so that it isn't just a trillion dollar giveaway to incompetent (yet over compensated) CEOs who, rest assured, aren't going to be giving that money back once they're in the black. I don't know, I guess I feel like since I'm going to be paying for AIG for the rest of my life, I might as well, you know, own some of it.

Anyway, I mention it only because a full week after the dominoes started falling John McCain just announced he's suspending his campaign and is asking to delay this Friday's debate in order for both parties to come together in order to solve the problem. On a purely political level, it's an interesting move but no less risky than his choice of Palin for the ticket (how's that working out, senator?). It's clear that whatever bounce he had coming out of the convention wasn't sustainable so again we have McCain throwing a Hail Mary and hoping that this will somehow make him seem like a decisive economic leader. It could work, I guess, though it's hard to imagine enough people being convinced considering there's no reason he couldn't have done this a week ago and actually gotten something done. As is, McCain's certainly going to piss off Bush who believes he has a solution (and is going on TV tonight in order to convince you he has one too) and has already pissed off the Obama camp who have an interesting choice to make themselves.

On the one hand, if Obama capitulates he plays into McCain's hand. On the other, he doesn't want to play the politician while McCain gets to be the bi-partisan hero for a plan that is more or less agreed to in principle.

(There were three things holding the plan up, none of them McCain's absence from Washington:
1. House members didn't want to do it now since taxpayers hate it and they're all up for election.
2. Dems, rightly, wanted oversight and a restriction on CEO pay in addition to a chance for at least some money to come back the government's way.
3. Even if the details could be agreed to, both parties seemed a little tentative in how their nominees would end up on the issue. Mostly, McCain didn't want to tie himself further with Bush while Obama was afraid that if he came out in favor of a modified Bush plan that McCain would oppose it for political reasons and leave him holding the bag. By the way, this totally would have happened and still might.)

The most likely scenario at the moment is that Obama's camp punts and says A) We haven't been campaigning anyway due to the debate prep and B) Senator Obama has been working with leaders including the McCain camp on a solution and C) It's not our decision to delay the debate and until we hear otherwise we intend to be in Mississippi on Friday. If they want to get really frisky they'll call for the debate on Friday to be at least partially about economic issues and then say something like, "We agree with Senator McCain but, for obvious reasons, feel like the debate should go on in order for the American people to hear each candidate's position on what should be done."

If it were me, I'd say that last move would be their best gambit here. I think they're comfortably enough ahead that they can take the high road while they let the media point out that there is no reason (other than sliding poll numbers) for McCain to call for this today as opposed to yesterday, last Friday, or last Tuesday. There's also bound to be more talk of Palin's experience level over this, especially after what's been the disaster of her trip to New York. Plus, no one thinks McCain is the economic wizard who is single-handedly going to fly to Washington and solve this problem.

Another interesting, if ironic, wrinkle: this move by McCain actually delays any sort of bailout package and could potentially have an adverse affect on the stock market tomorrow. If he'd stayed out of it, something probably would have been figured out in the next few days. Now it's anybody's guess because he's made it a partisan issue by pretending it's not one (which, again very ironically, it actually really wasn't before. Sure, the bailout didn't sail through, but that's mostly because it's an awful plan without a clearly better option). If the markets open down tomorrow and the bailout breaks down along party lines in the coming days, this certainly isn't going to look like McCain coming to the rescue.