European economics commissioner Olli Rehn railed on the British Government for rejecting to join the European Union 2.0. “If this move was intended to prevent bankers and financial corporations in the City from being regulated, that is not going to happen. We must all draw lessons from the financial crisis and that goes for the […]
Yesterday, Charles Krauthammer wrote a scathing piece reflecting on Obama’s recent channeling of Theodore Roosevelt. The President is in full campaign mode and kicked it off with a speech in Osawatomie, Kansas. Krauthammer opens with this: In the first month of his presidency, Barack Obama averred that if in three years he hadn’t alleviated the […]
I’ve been trying to explain it and clarify it for some Conservative friends of mine, but I’ve quite gotten to the nub concisely. Matt Taibbi said it the way I wanted, and couldn’t quite spit out. Quote: This whole notion that the financial crisis was caused by government attempts to create an “ownership society” and […]
Answer: Here. and Here. The Volcker Rule, inserted into the Frank-Dodd financial regulations bill, as it turns out, did not have a definition attached to it. It was, as so much legislation has been over the last few year, incomplete and ill-defined. Now, the banks and financial institutions that are supposed to be held in […]
Don’t have time to comment on this now, but Reich does lay out the main problem nicely. To summarize, he shows that the “Trickle Down” portion of supply side economics… never actually trickled down. The gains we saw over the last thirty years were due to, among other things, two huge stock market bubble, a […]
This. There is too much wealth concentrated in too few banks. Look at 1998… Ah, the consequences of the Glass-Steagal repeal. And you wonder why the dolts in Congress didn’t even consider bringing that back. Too damned hard untangling this mess! Can you imagine all those campaign funds they would lose out on? This is […]
Here is the Headline: Tea Party Debate Audience Cheers Idea Of Letting Sick Man Without Insurance Die Translation… The Tea Party Are Monsters!!!!! When presenting video or film, the editing process and decisions can have a huge impact on the emotion you want to evoke. Today, we are provided with a perfect example. It’s politics, […]
Let’s get this straight… this is not a “jobs” bill! This is just a way to try and get his beloved $250,000 tax hike passed. It’s weird, on the one hand, he goes on and on about taxing millionaires and billionaire so they can pay their fair share. It’s fine class warfare rhetoric. If he […]
The Errors. It’s been pointed out that Obama screwed up his understanding of Lincoln’s role within the Republican Party. In the grand scheme of things, that’s not that big a deal. This Is! From Reuters: Georgia jobs program cited by Obama has big flaws Quote: “This jobs plan builds on a program in Georgia that […]
Now that Obama had laid out the latest clarion call to implement the uninspiring and already proven useless same ol’ same ol’, here is my three point Five… Five plan to get us back on the road to recovery: Problem One – Lack of Manufacturing Infrastructure. Look at every strong growth economy in the last […]