Because the House Committee on Government Reform has the power to subpoena witnesses but not the power to enforce laws, dragging in a roster of bulked-up baseball players amounts to little more than a PR stunt. Chairman Tom Davis clambered up on his soapbox and declared that performance-enhancing drugs have become a “public-health crisis,” with “over half a million youth… using steroids.” Davis revealed, “We have the parents of kids who have used steroids and committed suicide.” “These major-leaguers are their idols,” he continued, but they “are not above the law.” Davis’ prosecutorial impotence, however, left him unable to coerce any admissions of wrongdoing. Mark McGwire stared vacantly at his accusers and remained mute on the question of usage. One Congressman complained that the spotlight would quickly fade without a big-name confession. “Shit,” he griped, “we might as well be talkin’ to Terry Shiavo.”
The Shiavo comment was repeated so often throughout the Capitol that Senate Republicans latched onto the idea of reinserting Terry’s feeding tube by calling her to testify. Confident her lack of baseball acumen would remain forever shrouded, Senate Majority Leader Bill Frist crowed: “criminal law protects witnesses… from anyone who may obstruct or impede a witness’ attendance or testimony.” Realizing that constantly emptying Terry’s drool bucket on national television would only reinforce Michael Shiavo’s assertion of irreversible brain damage, the GOP abruptly abandoned the ruse in favor of bastardizing our federal courts.
For the most part, the steroid hearings were drab and tedious, incessantly weighed down by the arcane verbiage of collective bargaining agreements and biochemical assays. Not to mention the usual political blather. As it turned out, the only real fireworks came from the Oriole’s first baseman Rafael Palmeiro, who is best known for his Viagra commercials. “Good morning, Mr. Chairman and Members of the Committee. My name is Rafael Palmeiro and I am a professional baseball player. I’ll be brief in my remarks today. Let me start by telling you this: I did not have sexual relations with that woman, Ms. Lewinsky. I never told anyone to lie, not a single time. The reference to me in Mr. Canseco’s book is absolutely false.”
Pat O’Brien, former sportscaster and current host of “The Insider”, missed the D.C. proceedings because of a different kind of substance abuse, namely “a problem with alcohol” (C6H4O6). Apparently, the problem involved six-packs of lascivious voicemails: “I am so fucking into you, but Betsy’s so jealous…I want to [bleep] your [bleep] and get crazy.” Worse yet, Mrs. O’Brien is named Linda, not Betsy. There’s still more trouble in the form of a graphic photograph of Pat pleasuring himself. Though the rehab bound O’Brien maintains, “I don’t know why I’m like this,” it seems evident that he has gone Bill O’Reilly in an attempt to resurrect his moribund career.
Weekend anchor Julie Banderas has borrowed both from the O’Reilly and Geraldo Rivera playbook in an attempt to claw her way to the top. Looking for an edge of ethnicity, Banderas changed her name from Julie Bidwell just like the artist formerly known as Jerry Rivers. After posing for pictures depicting simulated sex with a married coworker in a news van, she was canned by affiliate WNYW-TV. The Daily News boastfully reported, “There’s one of Banderas (beer in one hand, cigarette in the other) straddling a man in the front seat, their crotches pressed together and her ankles wrapped around his head…” For Banderas, at least, the strategy paid off – she recently signed on as a network reporter with the Fox News Channel.
The Fed’s multiple attempts to reign in the housing bubble have proved nothing but feckless. Seven rate hikes in and mortgage rates have barely budged. But before you pronounce the death of American manufacturing and surrender to the onslaught of outsourcing, consider that General Motors succeeded where the government failed. GM’s muscle was fueled not by ingenuity or hard work, but rather by a nifty combination of its own incompetence and record ($56/bbl) oil prices. When the automaker projected a loss for next quarter, long-term yields jumped 15 basis points and, more importantly, credit spreads began, after a Rip-Van-Winkle-dormancy, to widen. GM’s paper, in particular, was brutally savaged and will likely get downgraded to junk status. Summer may prove the critical season; Imagine gas fetching $3/gal and millions of homeowners suffocated by their adjustable mortgages. Banks could repossess entire neighborhoods. Perhaps the only way Detroit can keep afloat is if we all start living in our cars.