Jackson Jambalaya

This is an open thread so have at it while I review some lagniappe from the internet.

The Clarion-Ledger reported on the public financial records of the Jackson mayoral candidates. Seems most of them have had tax problems over the years. The favorite of local progressives seemed to have major problems paying his taxes (which may explain why he is liked by so many over at the Jackson Free Press):
"Documents show Horhn has been late in paying his taxes for years, resulting in the state placing liens on his north Jackson home at least 11 times since 1995.
Horhn's problems paying his property taxes on his home were equally common. Since 1996, he has been late at least 11 times, several times redeeming his property after it was sold at the courthouse.
"I'm late sometimes paying my bills. I'm sorry for that, but in the end I pay my taxes. I pay the interest, and I pay the penalties," he said."

Don't worry about any any problems now as when Horhn got caught with his hand in the cookie jar "Horhn paid his $1,185.02 property tax bill Wednesday after The Clarion-Ledger contacted him and produced documents showing he is up to date on his state income tax."

But don't worry, he says although he can't handle his money he can handle your money:
"I'm late sometimes paying my bills. I'm sorry for that, but in the end I pay my taxes. I pay the interest, and I pay the penalties," he said."

However, Mr. Horhn was not alone on the deadbeat bench as he was joined by Frankie, who has been the subject of numerous posts on this blog about his tax and mortgage problems although it was reported he was garnished for not paying a security detail for ihs protection in 2005. Alice Scott, David Archie, Jabari Toins, and Brenda Scott were on the list. Mr. Crisler was mentioned but his tax problem was a small one and happened once and was similar to what other veterans who deployed to Iraq experienced.


The Texting Ban bill made it to the Governor's desk although once must ask who do you trust more operating a computer while driving: someone who is 17 or 60?

Frankie and the Democrats carried on their food fight in court yesterday as Judge Billy Joe Landrum of Jones County fame came to town to referee the scrum and made it clear he would rather be somewhere else. After this stunt and Barbara Blackmon's Saturday night massacre, the Democrats are looking like a group who would rather shoot each other than Republicans. The Jackson Free Press published an account of the hearing yesterday while casting Hizzoner in a less than flattering light. Methinks Melton will win this one. I should probably also comment on his stupid attack on McMillin but I'm tired of writing about Melton today.

G. Gordon Liddy, move over, you now have competition for your Stacked and Packed Calendar. Barbie, Maggie, and Stephanie from WLBT decided to do some shooting.

Brent's Drugs was squeezed out by the drug goliaths. The Clarion-Ledger reports how pharmacies like Brent's was a victim of Medicare's drug plan favoring the chains. However, you will still be able to enjoy the shakes, burgers, and fries at Brents as the soda counter will be kept open. Now if I could just get my hands on the recipe for the shakes Parkins Pharmacy used to serve.

Obama should be worried right now as yesterday the bond markets gave him some heartburn. First the British had a bond market selloff and nobody came as the auction failed. The Fed began its first major buy of Treasuries (selling Treasuries is how deficits are financed.) only to see buyers turn away, pushing down the prices and forcing the yields to go higher (many consumer and mortgage interest rates follow the ten-year treasury bond). The AP reported:
"NEW YORK (AP) -- Stocks lost ground after a weak auction of U.S. government debt stirred worries about how easily Washington will be able to raise money to fund its economic rescue program.
Investors gave an unexpectedly cool response to a $24 billion auction of 5-year Treasury notes Wednesday, which also sent prices for Treasurys lower."

Over at the Market Ticker, Denninger titles his post "Bond Market to Bernanke and Obama:**** You." an opines:
"Ben came into the market and bought Treasuries today, and in response yields moved.... up?
Oh, and the stock market sold off hard too, down some three hundred DOW points from where it was before these bond "operations."
A blunt, clear warning was issued by the market today Mr. President and Mr. Fed."

Barry/Timmie/Bennie are NOT smarter than the markets. Unfortunately for us, no one has told them that as they come up with more schemes that don't seem to work. Meanwhile, Citi and others are aggressively buying up subprime, Option arm, and Alt A securities at thirty cents on the dollar as they anticipate being able to sell them to each other (they are marked at their original values on their books) at fifty cents on the dollar and stick us with the loss while Obama tells us how the plan worked. Read the rest of the story. Prepare to get sick.

See what over in England some women are doing to raise money to pay for a child's autism treatment. Not safe for work.

Fire away.