I rarely write about our discussions on the No Agenda Show podcast after the fact, but I really need to replay something my partner John C Dvorak said, to my friends who find themselves caught up in the 'debt ceiling debate'.

The whole thng is bogus.

If politics is showbusiness for ugly people, this is American Idol.

As a part of the left/right paradigm, you are being played to buy into this phony debate. The mainstream media is gleefully taking advantage of this wrestlemania match to reel you into reading and watching their 'news.'

Our consensus is that because President Obama himself voted against the debt ceiling when he was Senator because 'he knew it would pass anyway', and his own administration provided the very tax breaks to 'corporate jet owners' he is now threatening to take away, the republicans are only using this to distract from his campaigning efforts which, of course, make use of 'our' corporate jet Air Force One.

The debt ceiling will be raised. Guaranteed.

This entire charade is a gift to the media for which airtime is received in return, and saves them buckets of cash by not having to report any actual news. It's a distraction.

In the process, you have now become the product the mainstream sells to corporations and banks who thrive on building corporate jets (including parts and fuel) and borrowing cheap money from the fed.

 7/5/2011; 1:36:29 PM.   .