sky is falling

Anyone watching CNBC the last few days? If anyone wants to get a flavor as to how the media can get things whipped into a frenzy, just tune into CNBC. Death and destruction, disease and pestilence. If the Fed doesn't act, we're into the crapper. If they do act, a bailout of the risk-takers is taking place. Where are the voices of reason? I wish Maria and Jim Cramer would shut the hell up!

(But not to worry, they are showing commercials for Mercedes on the summer love event campaign at least 4 times an hour if not more. Man that jingle can get on one's nerves)

Oh yeah, the voices of reason, they're the candidates for president or all the politicians. Not going to go there. Not worth the time to get ramblin. Will surely get to that in the future though.

What to draw the ramblins out then? The London woman who claims to be the legitimate mother of Michael Jackson's children? Zoos in a pickle over horse meat? New Orleans official guilty in bribery (as if that's news)? NO?

Then let's go for tax breaks going the wrong way.

Evidently there were large federal tax breaks after Hurrican Katrina designed to spur rebuilding. Well guess what? There are 10 condo projects in and around Tuscaloosa, Al.

Not that that's bad (writers note, I have a certain fondness for Bama), but many are going for $1million and being purchased by real-estate investors planning to rent em out. Funny how some units are close to the football stadium and have "granite countertops, king-size bathtubs and 'Bama decor, including crimson couches and Bear Bryant wall art."

I'm sure there are many other projects that are worthwhile projects, such as the $8mm shopping center in Slidell, LA. And I know those investors are subject to the market going to hell; but damn! By the way, this tax break ain't available to people who buy a home for their own use. It's been 2 years and seems that little has been done to get that region back on track. This sure doesn't seem like the way to go about it!

And another ramblin. Back to commercials. First, with the exception of the Super Bowl, they're dull, boring and a waste of time. Add into that, the fact that some stations, CNBC for one, play the beejesus out of em. Anyone who has heard that obnoxious one for ETrade with Rick Derringer over and over and over again is one with a potential to go postal. (Is going postal politically correct or I am going to offend postal workers? Does anyone care?) Finally, it seems that one cannot get through any show without being inundated with commerical after commercial after commercial. No wonder that TIVO or cable recording has become so popular.

So....have a nice day. More later