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Another Very Special Thanksgiving Treat From Your Wonkette!

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We want to give our Thanks to you, the Wonkette readers, on this last publishing day before our one-day bank holiday. Earlier, Kenshared a beautiful, warm 'n' fuzzy YouTube poem with you, and now it is your male associate editor's turn. Click the "MORE" thing for a magical, escapist treat that celebrates America and, more importantly, the Pilgrims, whom we honor every year because one night, several hundred years ago, they invited the savages over to their condo for a big dinner. CLICK 4 FUN --->


A Children's Treasury Of Apocalyptic Economic Wonkery Relating To Currency And Public Debt(!)

  • Nouriel "Dr. Doom" Roubini: "Desperate times and desperate economic news require desperate policy actions ... The Treasury will be issuing in the next two years about $2 trillion of additional debt ... These policies – however partially necessary – will eventually leads to much higher real interest rates on the public debt and weaken the US dollar once this tsunami of implicit and explicit public liabilities and monetary debt driven by rising twin fiscal and current account deficits will hit a world where the global supply of savings is shrinking – as most countries moves to fiscal deficits thus reducing global savings – and foreign investors start to ponder the long term sustainability of the US domestic and external liabilities.
  • Willem Buiter: "Getting banks to lend again is even more essential than getting primary and secondary markets for illiquid structured financial products going again. It may be even more important than getting the regular commercial paper market going again, important though that is. Small and medium enterprises rely overwhelmingly on banks for external finance. Without access to bank loans, credit lines and overdraft facilities, countless SMEs that would be perfectly viable with a functional financial and banking system are threatened with bankruptcy. Without working capital, businesses go out of business. Banks are essential. But they are not lending. Why?"
  • [This one is hilarious -- Ed.] Ian Welsh: "The influx of money into the US to buy treasuries has been the cause of the dollar soaring. Money will have to continue to flood into the United States to fund this, and will likewise need to gush over to Europe, Japan, Korea and other countries who are throwing money at the financial crisis. This is going to be a very Darwinian period, and it's going to cause a lot of countries on the periphery, including most of Africa, South America and good chunks of Asia, to shake apart. All that money coming into the 1st world will mean no money for them. Combine that with a complete crash in commodities prices and they will be starved for hard currency. Since most of these nations are not able to feed themselves, this will mean famines, starvation, food riots and fallen governments. Of immediate concern to the US, barring massive US help, I would expect that Mexico will slip into indisputable anarchy in large areas of the country within a year or so."

Meh, boring.

Here's a video of Daft Punk doing some nasty robot shit at Coachella '06:

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Look, it is your afternoon Nice Times at the Supreme Court! It is also your WUT and HUH Times, with Justices Thomas, Sotomayor, Kagan and Gorsuch joining in an opinion by RBG tossing a challenge to Virginia's new, fair districts. Go know!

After the 2010 Census, Republicans in the Virginia House of Delegates did what they do best -- they stole more elections, redrawing the electoral map to ensure themselves a supermajority for all eternity. Why let the voters choose their representatives when the representatives can pick their own voters as the founders intended, right? Voters in 12 of the affected districts sued the Virginia State Board of Elections in 2014 to invalidate the districts as illegal racial gerrymanders, and the House of Delegates intervened in Bethune-Hill v. Va. State Bd. of Elections to support the Board and defend its own power.

After extensive litigation including a trip up to the Supreme Court in 2017, the District Court in the Eastern District of Virginia tossed 11 of the districts as illegal racial gerrymanders and ordered the maps redrawn in 2018. At which point, the Commonwealth of Virginia noped out and quit defending the old, craptastic districts, which should have been the end of it.

BUT NO. The Virginia House of Delegates, which is still held by the GOP despite their party netting nine percent fewer votes than Democrats in the 2017 election, vowed to fight on.

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