Thursday, July 17, 2008

Heard the funny one about Obama?

Nabobs are nattering about the dearth of jokes featuring Obama, linking the scarcity to him being African-American and most of the comedians, writers, and audience being Caucasian. As if the only possibly funny topic about him were his race! This is like saying jokes about McCain are rare because his time as a POW in Hanoi is off-limits. Instead, there's McCain's involvement in the Savings and Loan scandal, and his anger, and his (advanced) age, which young comics also feel free to joke about.

Even if limited to looks, what about the fact that Obama looks like an earnest, precocious high schooler? That may be defanged by his own jokes about same. What about Obama's politics? The New Yorker sparked a controversy by parodying the whisper campaign suggesting that Obama is a secret Muslim. Their cover shows Obama fist-bumping wife Michelle, revealed as a Black Panther, with the American flag burning in the fireplace and a picture of bin Laden over the mantle. Not very inventive and certainly not subtle, but funny and hopefully effective once the shock wears off.

No, I think the lack of jokes are due to the fact that he is admirable and cool. We want to be his friend, we want him to be our president (and savior, if truth be told), and we are not yet comfortable enough with him to risk friendship with jokes.

Monday, July 14, 2008

This Bud's for Them!

Since the Bush gang took over, the value of the US dollar has lost about half it's value, dropping from 1.2 Euros in 2001 to about 0.6 today. The New York Board of Trade's dollar index is the weakest since the gauge began in 1973.

This collapse in the purchasing power of the dollar has many consequences. It has put the entire US on sale for the rest of the world. Assets, stock, and even whole companies are being bought at bargain basement prices. Today, the Belgian brewer InBev bought Budweiser, an American icon and mainstay of St. Lewis. While foreign companies can maintain steady prices for the American consumer, American companies don't have that luxury against foreign investors.

The weak dollar is also a major reason that oil has reached record prices. After all, it takes about twice as many dollars these days for a Saudi prince to buy his Mercedes.