So let’s see if I have the myth right. Way back under the administration of [insert name of last opposition party President here], and inspired by the legislative efforts of [insert opposition ideology bogeyman’s name here], banks were [allowed/encouraged/required] to… Continue Reading
President Obama, directly addressing a critical issue, has promised to reduce budget deficit to $650 billion by 2013. To get that promise, I have to parse through a few of his statements, like his evaluation that the government was running… Continue Reading
When both Alan Greenspan and Lindsey Graham are suggesting a “temporary” nationalization of troubled banks, that’s a pretty good sign that a) deep panic has set in, and b) the rest of us should take a step back and question… Continue Reading
A little trip down memory lane, here. How did the financial crisis get started? If you answered “By banks making high-risk loans to people who couldn’t afford the homes they bought,” you’re (substantially) right. With that in mind, here’s a… Continue Reading
Still got my hands full with stuff, so not a lot of time to blog and write on my own. But I’ll add this absolutely wonderful piece that I came across in today’s Fish Wrapper. It’s the best of the… Continue Reading
The stimulus bill recently passed by the House, and its counterpart under consideration in the Senate, both contain “buy American” provisions — meaning that when purchases of materiel are made with money appropriated under that law, the materiel must come… Continue Reading
You’ve heard the news by now — the President’s $820 billion proposed “stimulus” package passed through the House of Representatives today, with functionally no committee analysis, scanty debate on the floor, and zero — that’s right, zero — Republican floor… Continue Reading
Criticism without construction isn’t all that useful. I’m a big critic of the stimulus program because it will be a huge drain on our national finances for many years to come. But if we must deficit-spend our way out of… Continue Reading
Not change we can believe in. This video is about 90% right: “Bush on steroids.” Is that what you really voted for, Obama backers?
Via Calculated Risk.