Are you getting a little dizzy? I think Hank Paulson was sober at his little press conference but I could be mistaken. Sober or stoned, it doesn’t really matter. He will hold another press conference as soon as he hears another ’solution.’
The ‘Smartest Man in Washington’ has changed his mind again. Of course that doesn’t [...]
Guess Again
November 17th, 2008 · No Comments · Economics
Tags: capitalism·economy·fed·krugman·obama·paulson·socialism·wall street
Greenspan Shrugged
October 24th, 2008 · No Comments · Economics, Politics
Old Alan is quoted as saying, “I still do not fully understand why it happened.” Really?
Oh, how the mighty have fallen. Poor old Alan, formerly the architect of America’s prosperity, is now the fall guy. There he was being grilled by Representative Henry Waxman and his crew. There he was being treated as just a [...]
Tags: ayn·capitalism·clown·congress·crisis·fed·gramm·greenspan·mccain·obama·wall
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
Political Tools
August 1st, 2008 · 2 Comments · Politics
We are fortunate to have so many different tools, even though some of us are fairly inept in applying them correctly. With so many different tools, we would laugh at one who insisted on using a hammer, regardless of the situation. We would, likewise, be amused at someone applying only a screwdriver when other tools [...]
Tags: capitalism·communism·political theory·Politics·socialism




