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David McElroy

making sense of a dysfunctional culture

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Bernanke’s ‘helicopter drop’ gave $1.2 trillion to Wall Street banks

By David McElroy · August 25, 2011

We found out this week that the Federal Reserve Bank’s secret lending to the blue chip banks of Wall Street in 2008 added up to $1.2 trillion. Not million. Not billion. That’s trillion.

Just in case you’re numb from hearing numbers such as this all the time lately, let’s put that into perspective. In 2008, the federal government brought in $2.5 trillion in all forms of revenue. So the government did the equivalent of handing out nearly half of every penny it collected from us and handed it to Wall Street banks.

The story told by the advocates of this financial insanity is that their actions “saved the economy” when the crisis hit, but what’s their evidence? The things they keep predicting don’t happen. The things they prescribe as solutions don’t solve the problems. So why do governments keep listening to these voodoo masters?

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Insane incentives create insane results as kids are paid to attend classes

By David McElroy · August 25, 2011

What does a government agency do when it finds out that it has unspent money? Does it give the money back to taxpayers? Does it find another department with more important needs? Or does it find some way to spend the money — to make sure it can get the same money next year?

If you made the third choice, you might have a bright future ahead as a bureaucrat. If you made the first choice, you’re living your life on Fantasy Island.

In Camden, N.J., the city finds itself with $63,000 burning a hole in its bank account, because the grant from which the money comes expires on Sept. 30. Here’s the story. The state Department of Criminal Justice made the grant to the County Prosecutor’s Office, which didn’t know what to do with the money, because its “community justice director” — yes, that’s the title — was laid off in May. So that office agreed to give it to the city, which is required to spend it immediately. Why? Here’s the key:

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There’s little unity to be found in our supposedly United States

By David McElroy · August 24, 2011

More communication is supposed to lead to people getting along better. That’s what I’ve always heard. But when it comes to political communication in this increasingly polarized country, there’s no understanding. There’s less and less attempt by people to understand each other. Instead, there’s more hatred.

I browse strongly partisan websites every now and then just to get an idea about what people on both sides of the mainstream are saying. Every time I do, it seems to leave me feeling physically ill and emotionally numb, because the partisans of the mainstream don’t just disagree with one another. They hate each other.

Have you read what the partisans on both sides have to say about the other? They’re angry and vicious and mean. Much of what they write is unfair and intellectually dishonest. I first added links to four of them — two on each side — but I realized that I don’t want to do that. I’m not trying to make you angrier. I’m trying to get you to look for a solution beyond the anger.

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Future Photo Display

As part of my effort to rid my life of social media, I will no longer display links to my two Instagram accounts here. Those accounts will be dormant for the time being and will eventually be deleted. I plan to have a method for displaying photos here instead, but the solutions I’ve tested so far have been disappointing. I’m still working on it.

My Instagram

It’s too bad Meg can’t relax a little more, huh? I It’s too bad Meg can’t relax a little more, huh? I’m obviously kidding, because this little girl has quite a bit of confidence when she’s hanging out with me — and she has more confidence around the three boys every day, so that makes me happy. She’s been a great addition to the household.
By the time I left the office about 5:30 p.m. Frid By the time I left the office about 5:30 p.m. Friday, some light rain from the approaching hurricane was starting to fall. It’s been completely cloudy in Birmingham all day because of the bands of clouds pushing north from the Gulf of Mexico. About halfway home, I noticed that the sky had suddenly started exhibiting this beautiful orange glow to the west. So even though it was far too cloudy for us to see a real sunset, the light was still colorful enough and bright enough to punch through at the horizon. So I stopped on the Cahaba River bridge on I-459 and caught this quick shot. Within just a couple of minutes, the clouds had covered up the color — and the rain started getting a bit harder. By morning, we should have howling winds and serious thunderstorms. Let’s just hope there are no tornados spawned by this storm in our area.
I need some new portraits of myself, so I tried a I need some new portraits of myself, so I tried a few shots after I got home late Monday night. This one wasn’t great, so I’ll try again later, but I can use it until I have time to shoot another. I was too lazy to light this one properly — and it shows. 😺
Sunset, Leeds, Alabama — August 27, 2026 Sunset, Leeds, Alabama — August 27, 2026
Sunset, Leeds, Alabama — August 19, 2026 Sunset, Leeds, Alabama — August 19, 2026
When I got home at midnight Monday, I was doing so When I got home at midnight Monday, I was doing some work in the studio and Oliver wanted to join me, so I showed him around to acclimate him to the place again. He rarely goes in there, but I have pictures of him in that studio on the night I brought him home as a kitten. 😺
Earlier this week, I found two photos of Lucy and Earlier this week, I found two photos of Lucy and me that I had never seen. I loved finding the pictures, but seeing these photos left me thinking about the effect it has on us when we lose an animal we love — and it was also a reminder of how much my life has changed for the last nine months it’s been since I lost her. I wrote an essay about this. You can find it as the most recent post at davidmcelroy.org right now if you’re interested. I really do miss this sweet girl.
When I take lightning pictures, I’m always hoping When I take lightning pictures, I’m always hoping to get just one usable photo, but I got two dramatic images tonight. You might recognize the water tower and communication tower that you’ve seen in many of my sunset photos. This is about a mile from my house in Leeds, which is just east of Birmingham.
For those who are in places where it’s miserably h For those who are in places where it’s miserably hot today, here is a minute of light rain and gentle thunder from my back yard late Saturday afternoon. It’s very relaxing to stand at my back door and watch this, especially since the heat is pretty mild today — 80 degrees (about 26 celsius) — for July in the American South.
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Critter Instagram

If you were this successful at having your will ob If you were this successful at having your will obeyed, you might be pretty arrogant about it, too. 😺
Early Wednesday afternoon, Meg has been asleep in Early Wednesday afternoon, Meg has been asleep in a cave of the castle, but she just woke up and decided to see what the rest of the creatures in her world were doing on such a lazy autumn day.
From the CritterCam: Did Oliver just finish eating From the CritterCam: Did Oliver just finish eating dinner and he’s licking his chops over it? I’m not there to see, but the webcam just caught him doing this as he climbed into the cat bed on my desk. My bet is that he just finished the last of his dinner and is ready to sleep it off.
As I left the house early Tuesday afternoon, Alex As I left the house early Tuesday afternoon, Alex was on his throne at the very top of the castle — looking down over his kingdom below.
Late Monday night, Meg decided to get under the be Late Monday night, Meg decided to get under the bedspread and go exploring, which attracted Oliver’s attention. He got on top of the bedspread and sniffed everywhere she want. When she came out, she saw him and looked disgusted to have been that close to him.
I just got home and found Oliver sound asleep like I just got home and found Oliver sound asleep like this in the cat bed on my desk. He’s apparently had too much fun tonight.
Meg is sitting in one of the caves of the castle l Meg is sitting in one of the caves of the castle late Sunday afternoon as she looks into the sunshine outside a nearby window.
I just went to tell the cats good night at 4 a.m. I just went to tell the cats good night at 4 a.m. and she looked up at me from the hanging basket to make it clear that she didn’t appreciate being awakened from her nap.
I’ve been watching a football game Saturday night I’ve been watching a football game Saturday night and Sam has come to figure out what in the world I’m so excited about.
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Here’s another reason to appreciate the cats in your life: New research involving 93 countries found that places with more cats per person also tended to have happier people. The researchers say the finding fits with previous evidence that living with pets can reduce loneliness and stress while providing companionship, emotional attachment and social support. The study doesn’t prove that cats cause greater happiness, but it certainly adds to the evidence that sharing your home — and your life — with a cat might be good for you.

The company that owns Facebook and Instagram is heavily promoting its new AI-based software assistant called Muse, but people who are using it as it was designed are incredibly foolish. An early adopter of the software discovered that a few days ago when he advertised an item for sale on Facebook Marketplace — and he inadvertently gave Muse full authority to act on his behalf. The software agreed to a lowball offer made by another Facebook user and then gave that man the home address of the man for whom he was an agent. The software told the buyer that the seller was home and waiting for him. When the buyer showed up and waited angrily, the would-be buyer left an angry review for the man. And this angry man had the seller’s home address. It was only well after that that the software reported what it had done and admitted it had made a mistake. I won’t be putting that much power into the hands of any software. I think anyone who agrees to such terms is a fool. And the software’s user agreement says you’re responsible for purchases the software makes in your name. Nope.

Meet my new girlfriend. Her name is Meg. And she’s my little sweetheart. A couple of months ago, a neighbor across the street told me about a new stray in the neighborhood that she and I were both soon feeding. The cat had been very skittish about contact and she had a lot of scabs and parasites in her fur, but a trip to the vet last week revealed that she was otherwise in good health. The vet estimates her to be 1 to 2 years old. I named her for Meg Murry, the 13-year-old protagonist of Madeleine L’Engle’s wonderful book, “A Wrinkle in Time.” (Please read the book. Don’t watch the horrible movie.) Since we lost Lucy almost a year ago, it seems appropriate that we finally have a new little girl to join the household. She’s already captured my heart, but Alex, Oliver and Sam aren’t there quite yet.

There’s nothing socially acceptable that’s as dangerous as drinking alcohol. Most people grow up being told to “drink responsibly” — and all of us see people abusing this drug in one way or another — but the truth is that drinking alcohol is always a terrible risk. The alcohol in these drinks is toxic and the human liver has to work hard to filter the toxins out. What most people don’t realize is that alcohol is classified as a known carcinogen by the World Health Organization — because of the well-established connection between imbibing and various cancers. Many people have taken refuge behind the idea that light or moderate drinking might be safe, but a new study shows that drinking even one drink a day increases the risks of 10 types of cancer. When I was a teen-ager, I looked around and saw the negative effects that this behavior had on a lot of people and decided not to start drinking, so I’ve never even tried this poison. The evidence keeps piling up that I was lucky to have come to that conclusion early.

It turns out that the radical far left has been training “Antifa cats” to sabotage anything important to Donald Trump. Everything he did was perfect. Honest. It was all the cats’ fault. Arrest all the cats! This is the latest of my ridiculous satirical shorts. Please go watch it. Then “like” it and subscribe. Please. I’m begging you. (Too much?) Although a couple of the previous videos have had views in the hundreds, most have still been seen by fewer than 20 people. So I seem to be having trouble letting people know that page exists.

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