The Presidential Beer Bowl

One of the most annoying measures of electoral appeal is the moronic notion that a candidate’s company at a beer bust speaks to his/her qualifications for office. The implication is that a drinking buddy will be someone who is more like me and, therefore, more acceptable to represent me.

Bullshit!

If I’m looking for somebody to assume a high office, like that of the presidency, I’m not looking for someone who is proficient at getting high. And I don’t want a candidate who is like me either. I want one who is WAY better than me. Since when did our standards sink so low as to include the guy chugging pints at the end of the bar?

Beer BowlWell, leave it to the National Beer Wholesalers Association to further blur the lines between competence and crapulence. The NBWA is polling visitors to their web site on with whom they would rather share a beer. This bit of harmless stupidity is the sort of thing that makes H. L. Mencken such a fount of wisdom for observing that…

“As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their heart’s desire at last, and the White House will be adorned by a downright moron.”

Notwithstanding that the downright moron of whom Mencken speaks is about to complete his final term, the NBWA still isn’t helping to improve matters.

For the record, Barack Obama is pickling his opponents.

Fox Business Network Jinxes The Markets

Dow Jones announced today that it will be adjusting the components of its Dow 30 stock index. This is the first change since Dow Jones, parent of the Wall Street Journal, was purchased by Rupert Murdoch’s News Corporation, parent of Fox News and the recently launched Fox Business Network. The index will be replacing the Altria Group and Honeywell with Bank of America and Chevron. The result will be an increase in the weighting of financials and energy in the index.

It will be interesting to see the effect over time of these trades, but given the propensity of Murdoch to attempt to manipulate outcomes to his liking, one must wonder if there is a hidden purpose to these events. He has previously confessed to trying to shape the agenda on the war in Iraq. He also promised to make the FBN a business friendly network.

Murdoch’s machinations of late have not met with the success to which he is normally accustomed. Fox News is presently the slowest growing cable news network. FBN got off to a pathetic crawl. And I wonder if anyone else has noticed this sign of the Apocalypse: When the Fox Business Network launched on October 15, 2007, the Dow Jones had just hit its all-time high. Since then the markets have collapsed, diving 15% in the four months since FBN’s debut.

FBN Decline

Coincidence?