I don't know why. Maybe the cats have figured out how to wake me up without being so obvious about it that I yell at them and kick them out of my room. What I do know is that I went to bed at 3:30 AM, tossed and turned for two and a half hours, and then finally managed to drift off...only to wake up at 8:30. *sigh*
My feet were hot again. WTF.
So here I am, and here we go. At least if today's post sucks I can say, "Well, I was half asleep when I wrote it." Though I don't know what excuse to use for the other times.
On the plus side, getting up in the morning is not something I wish to change. ...unless I get another night job. *whimper*
* * *
"The private sector is doing fine." That's our President, Barack Hussein "Pollyanna" Obama, telling us unemployed goons out here in hicksville that there's absolutely nothing wrong with the economy.
Ace says that it wasn't a slip of the tongue, but what Obama seriously believes.
...sure, if you're a multi-millionaire who is currently living like a king without having to spend any of your own money to do it, absolutely you'll think the private sector is doing fine--because all of your contact with the private sector comes in the form of rich businessmen eager to give money to your campaign for reelection.
If your perspective, however, is that of someone who has to work for a living--and by that I mean "expend physical effort on a continuous, non-volitional basis"--then your perspective is likely to be different. Particularly if you haven't actually been doing any work or getting a paycheck for a while.
The economy tanked. It has been artificially propped up with borrowed money and has not been allowed to seek its own level. The result has been an extended period of high unemployment and economic malaise which is shaping up into a just fine depression...if you like that sort of thing. Obama's clearly happy with it.
And Vox Day implies it's going to get worse.
* * *
So Greece wants the same deal Spain is getting, too. Not surprising. Compared to the deal Greece got, Spain's getting the kid glove treatment. Meanwhile the bondholders in Spain got the "Obama rescues
Spain's banks are holding lots and lots of bad debt so of course the solution is for them to borrow more money.
...and this is where it all falls down, of course. The EU already shot its bolt trying to keep Greece out of the crapper. And when you're in a hole the first thing you must do is stop digging, not dig at a faster pace.
The governments involved can extend the time frame by ignoring several centuries' worth of jursiprudence on contract law, but I don't see how the crash can be avoided. When a government can simply decide to alter the language of a contract to suit itself, sooner or later the idea of a contract becomes worthless.
The entire point to having a contract is to set down, on paper and in concrete terms, what the responsibilities of each signatory is. For example, when you sign a contract to buy a car on credit, the contract explains what you owe, how many payments you must make and how large they must be, and what is to happen if the debt is not satisfied. Similarly the seller has responsibilites which are also laid out in the contract. Once signed, this contract normally cannot be changed without the consent of both signatories, absent some kind of court order...and generally the courts are reluctant to meddle in legitimate contracts except in certain narrowly-defined regimes. (Such as bankruptcy.)
What has happened to the holders of Spanish bonds--similar to what happened to the holders of GM's debt--is the government in question going into the contract and simply changing it willy-nilly after the fact. Without even seeking the other party's consent and without a court order. It's as if you bought a Ford Mustang five years ago, and just as you're about to pay it off, Ford changes the contract and adds another five years' worth of payments, and threatens to repossess the car if you don't keep paying.
You wouldn't stand for that; you'd sue. You'd take your copy of the original contract to court with you and your lawyer would explain to the judge what the original terms had been; and the judge would (absent some extreme extuating circumstances) agree that Ford was on crack. That's illegal! ...except, apparently, when government does it.
The problem comes from what happens if this kind of thing is done too often. If governments retroactively change contracts enough, people will stop trusting the contracts...and that's when shit gets ugly.
* * *
Other than the chores and errands I have to run, it's a light one this week. No Bible study, no choir practice (since that's over until September anyway). Just therapy, the weekly trip to the grocery store, going to get the thyroid test, and getting over to the place Og suggested to toss them an application.
And maybe seeing a dermatologist.
Right now, however, I don't even trust myself to handle sharp objects. I've been a writer for...uh.
I can't even do simple arithmetic in my head right now.
...I've been writing since 1979, which (CALC.EXE tells me) is 33 years. I've been writing via keyboard for 30 of them. (Well, 30 this autumn. My typing class was in the fall semester of 1982.) I can practically write in my sleep (in fact sometimes I think I'd do better if I did it that way) but it doesn't take much for me to sit at a keyboard--even feeling like a zombie--and write.
That says something about me, but I'm too damned tired to figure out what it is.