Strange Bedfellows. A major battle has been going on and we didn’t even realize it. And coming to the rescue is that card-carrying member of the opposition: Bloomberg News. Who woulda thunk it?
Bloomberg News has filed both a request under the Freedom Of Information Act and a lawsuit against the Federal Reserve. The issue is [...]
Missing in Action
November 11th, 2008 · 6 Comments · Economics
Tags: bush·class·economy·fannie·freddie·paulson·wall street·war
The Worst is Yet to Come
November 5th, 2008 · No Comments · Economics
We’ve been sitting around stunned by the financial crisis. What to do? We don’t trust the experts, and rightly so. They lurch from one answer to another. There is little confidence that they are doing anything more than thrashing around, grasping at straws.
Actually, since their starting point is their religious belief in a simplistic and [...]
Tags: bush·debt·economy·fed·mccain·obama·recession·tax·wall
Tinkle-Down Economics
October 17th, 2008 · 2 Comments · Economics
Being laid up with bronchitis isn’t pleasant. Thousands of thoughts race through my mind. Although I haven’t fully recovered, I just couldn’t wait. The absurdity of our present situation is so obvious. The lack of understanding of why it happened is not.
The only thing that has relieved my misery has been laughing at the idiot [...]
Tags: bush·class·congress·Economics·gramm·mccain·obama·paulson·redistribution·rubin·wall street
Victory? Maybe, Maybe Not.
September 30th, 2008 · 4 Comments · Economics, Politics
This may be a situation where even the winners are losers. There were plenty of losers, however. The House Republicans that voted against the bill did so for the wrong reasons. But, you take what you can get.
This bill was far from what was needed. It deserved to lose. It was the result of a [...]
Tags: bush·capitalism·fannie·finance·freddie·mccain obama·paulson·socialism·wall street
Christmas on Wall Street
September 25th, 2008 · No Comments · Politics
Have you heard some rumors using a figure of $700 billion? You didn’t forget Fannie and Freddie and Bear Stearns and AIG did you? That was somewhere in the neighborhood of $315 billion, even before the other number started getting all of the attention.
So, let’s just round all of this off at a trillion dollars. [...]
Tags: aig·bush·fannie·freddie·greed·mccain·tax cut·wall street
Here We Go Again
September 5th, 2008 · 2 Comments · Health, Law
There is a ‘War on Drugs,’ street drugs, that is. There is another drug war. The later one is against American citizens.
Isn’t it wonderful that we have a war on drugs? While this eminently unsuccessful war against street drugs has embarrassed our country for decades, prescription drugs kill three times as many people.
Tags: bush·corporate justice·court·drugs·fda·Law·petition·pharma·supreme
Quick Takes
August 12th, 2008 · 4 Comments · International, Politics
I just wanted to make a few short comments on a couple of items in the news - no, not the Olympics. It appears that most people don’t understand or appreciate the importance or complexities of Russia’s attacks on Georgia. I include the administration in this.
One of the problems, again, is putting amateurs in charge [...]
Tags: affair·bush·edwards·georgia·iran·iraq·mccain·nato·oil·russia·war




