Monday, January 12, 2009

Loathsome People

Amusing profiles of 50 prominent personalities. A couple of my favorites:

20. Joe the Plumber

Charges: The Che Guevara of bald, pissed off white men. In a lot of ways, Samuel Wurzelbacher really does represent the average American—basing economic opinions on unrealistic expectations of personal future success, blaming his failure to meet those expectations on minorities and old people, complaining about deadbeats getting his taxes when he isn’t actually paying his taxes, and advertising his own rudimentary historical and mathematical ignorance by warning of creeping socialism in a country whose highest income tax rate has dropped by half in thirty years. “Joe” indeed symbolizes the true American dream—to become undeservedly rich and famous through a dizzyingly improbable stroke of luck. As American folk heroes go, Wurzelbacher ranks somewhere between Hulk Hogan and Bernie Goetz.

Exhibit A: "Social Security is a joke...social security I've never believed in, don't like it. I hate that it's forced on me."

Sentence: After blowing his fifteen minutes and all his money on coke and Thai hookers, an infirm, elderly Joe finds that social security actually is a joke, and is finally forced to snake toilets for a living.

[snip]
5. Alan Greenspan

Charges: The mortgage meltdown may seem complicated, but it started simple, with Al Greenspan pegging the Fed fund rate at 1%. This made Treasury Bonds a fairly lame investment, and led to investors looking for other seemingly safe securities to buy, which led to a flourishing demand for mortgage-backed securities, which led to banks increasingly lowering their standards for mortgage applications, eventually giving liar loans away to anyone willing to take them, which used to be called usury. This led to a decline in the real value of these MBA securities due to high probabilities of foreclosure, but somehow they were still AAA-rated by credit agencies displaying either hopeless incompetence or criminal collusion. Even a monkey wouldn’t need a slide rule to see what would come next. But Alan Greenspan, super-genius guru of the glorious realm of the self-regulating free market, is totally flummoxed. Refusing to accept any blame for years as the housing bubble, long-predicted by out-of-favor economic realists, bloated and burst, only recently has Greenspan accepted even marginal responsibility, admitting only that he was “partially” wrong, professing a state of “shocked disbelief” that lenders couldn’t regulate themselves, and thinking to himself, “This isn’t how it worked in Atlas Shrugged!”

Exhibit A: “Parasites who persistently avoid either purpose or reason perish as they should.”

Sentence: Recurring role as a senile great uncle on new C-grade sitcom “Krugman’s Krew.”

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