Monday, September 15, 2008

Funny Editorial Cartoons for Horsey at PI

http://seattlepi.nwsource.com/horsey/galleries.asp

A Sarah Palin Neologism, A GOG

A GOG: about the GOP choice for VEEP.

One of the dimmest, most cringe inducing moments of the recent Bush tenure was ‘W’s’ unwanted rub of Angela Merkel’s back. In the continuing Republican tradition of determining their candidates by who would you want to invite to your Bar-b-q, we now have the favorite daughter of Wasila, Alaska.

Yes, she’s just a stopped heart from being leader of the Free World. But heck, she’s a Good ol’ Girl (GOG), who would surely go goo goo at the prospect of a rub from her Leader / ur-Patriot / Hero, John. And if those stiff old world leaders wanted to give her any problems, she’d just invite them over for a potluck, and just melt them with her charm and her meat loaf. After dinner, she’d have ‘em rollin’ in the aisles with her standup roasting of those unpatriotic Democrats. Who could resist?

Most of the grown-up voters in the US, I sure hope.

Weighed Down in the NYT, Teddy Roosevelt V

I spend a major portion of each Sunday reading the New York Times. My wife’s ex-husband suggests that this is the source of our progressive views; he maintains his ideological purity by reading nothing, watching television and sleeping.

For my weekly fix of voyeurism, I eventually scan SundayStyles to see how the wealthy are spending their time and money. Yesterday (September 14), I found the most intriguing item in Weddings/Celebrations. Serena Torrey married Theodore Roosevelt V.

Imagine if you will that unbroken chain of Teddies spanning back to the original Bull Moose, Teddy Roosevelt (the First.) Who John McCain (the Third) claims as his favorite former President. Apparently, would be President McCain spent as little time vetting his favorite former president as he spent with the choice for his would be Veep. For Roosevelt, the inheritance tax was a moral issue as well as an economic one. Roosevelt always believed that the transmission of enormous wealth to young men "does not do them any real service and is of great and genuine detriment to the community at large."
From a speech on April 14, 1906, endorsing a progressive estate tax:
“It is important to this people to grapple with the problems connected with the amassing of enormous fortunes, and the use of those fortunes, both corporate and individual, in business…
I feel that we shall ultimately have to consider the adoption of some such scheme as that of a progressive tax on all fortunes, beyond a certain amount either given in life or devised or bequeathed upon death to any individual — a tax so framed as to put it out of the power of the owner of one of these enormous fortunes to hand on more than a certain amount to any one individual.”

To continue the story back in the time of Bush II, of McCain III and Roosevelt V… Roosevelt, now 32, used his Princeton education and other inborn traits to rapidly ascend the financial services sector, rising to a prestigious position as vice president for high yield bonds sales at one of the paragons of Wall Street. Ironically, the collapse of his firm, Lehman Brothers, drastically reduces the yield on those high yield bonds.

As young Mr. Roosevelt seeks new employment, it should be much easier for him than so many of the other unemployed. He has at least one very promising lead. The bride, who will continue to use her Torrey surname, is the daughter of the CEO of Torrey Funds, an investment management company in Manhattan. According to their web site, “Torrey Funds (is) a fund of hedge funds family that invests in hedge fund managers throughout the world.”

For the rest of us, perhaps we should honor the legacy to the late great Republican President Roosevelt, hedge our bets, and tax the rich.