This weekend on Fox News, Glenn Beck, with both of his unregistered semi-automatics a’ blazin’, cut down Obama’s economic policy then boiled the carcass in a simmering cauldron of right-wing, president-bashing, extremist hate talk leaving nothing but a NUTshell. His epiphany: The president claims that we are in a serious economic crisis due to overspending – and the only way out is to spend more in order to keep our economy going.

A Fox News contributor and psychologist explained that the American public reacts euphorically to Obama by over-spending in the absence of an appropriate stimulus, “and I don’t mean Stimulus Package.” Supporting his assertion, the psychologist affirmed Beck’s analysis that there is no data to support the president’s conclusion and NUTshell policy to spend more in order to counteract overspending. The American populace, reacting to Obama’s economic policy (in the absence of supporting data) was compared to someone with bi-polar disorder in a manic phase. Treatment for the related euphoria and subsequent self-destructive behaviors would NOT be to affirm the delusions. Instead the individual would be given medication (perhaps rational, data supported policies?), “preferably in the form of suppositories, thereby preventing him or her from regurgitating the medication in order to preserve the delusional euphoria,” commented an off-air, self-proclaimed right-wing extremist psychologist. Beck’s guest psychologist further explained that the patient, having received appropriate medication, would be told that things would be fine now, and he or she will come out of the delusional thoughts and resulting behavior without harm.

“What are these right-wing extremists thinking?” asked an intellectual for the moderate viewpoint. He went on to comment:

1. Spending in order to counter overspending is effective and well-loved by the American people, particularly executives of AIG, for example, and a large, cultural cross-section of citizens who also receive government handouts and do not need to pay taxes.
2. This attack on the thoughts, perspectives and policies of the vast majority of progressive Americans is an attack on free speech and thus an attack on our very republic, itself.
3. There is no doubt in any of our nation’s brilliant universities that this type of hate-speech comes from none other than the “tea-banging rednecks who hate the fact that we have a black president.”
4. This is obviously nothing more than an attempt to push the right-wing anti-choice, woman-hating agenda, promulgated and fostered by surreptitious elements within the Catholic Church. The Catholic Church cleverly disguises its underhanded agenda of power-seeking by overtly claiming to protect fetuses as if they were human, when we all know that fetuses are nothing more than a burdensome extension of a woman’s body and are of no use other than scientific stem cell research. Just because all significant medical advances have thus far come exclusively from adult-stem cell research, while embryonic stem-cell research is exorbitantly expensive is no reason for the Catholic Church to oppose embryonic stem-cell research based upon purported moral and ethical grounds. They just don’t want to admit to ‘possibilities’ or the great good and psychological healing that women attain through abortion.
5. Of course the anti-American National Rifle Association is no doubt a part of this right-wing conspiracy as evinced by this group pushing their death-mongering agenda that holds the Constitution and the Bill of Rights as more important than well-meaning moderate activist groups like Acorn. Just because violent crime rates sky rocket in societies where gun ownership is severely restricted is no reason to keep up the killing.
6. Glenn Beck lacks any foresight or insight. And anyone that pals around with him, Bill O’Reilly or Sean Hannity needs a psychologist, and not the quack Beck had on his show this weekend.
7. This type of hate speech should not be tolerated. The ‘fairness doctrine’ should extend to the cable networks and anyone who publicly fosters this hate-mongering should be prosecuted with the support of the “full weight of the Obama administration’s press-corps.” Long prison terms should be implemented to silence these radicals and keep them from infecting our “Great Society.”

Although the debate rages on between right-wing extremists like returning military personnel, and peace-loving moderates like Bill Ayers, this exchange clearly demonstrates the intellectuals amongst the moderates have established the upper-hand.

A company normally has many accounting ways to postpone the losses. However, when the company “writes down,” the company will absorb the loss. It often will lower their debt rating (like us with our FICO scores). However, their loans are not fixed over a long term. When their rating is lowered, their interests go up. Because they now are paying more in interests and they continue to “write down” loss quarter after quarter (which is inevident as long as our housing market is shaky), they will see less and less profits. This happen with a small number of companies all the time. The difference is that this time around, we may be seeing the above-average number of companies having to write down.