Tag: Bush’s Fubar Economy
Honey, I Shrunk The Economy
Someone had to follow Donviti’s great post up with a clunker. So, let it be me. It’s not much of a post anyway, more like several paragraphs ripped from today’s Times of London. What boggles my mind the most is that there are millions of people in the United States that voted for this Texas […]
Bailout, Schmailout, Top Guys Getting Top Dollar
I’m sure you all read about how the executives of various bailed-out banks were still being well compensated. (Note, in this author’s mind, the fact that these guys are not in jail yet is still mind boggling). I didn’t write anything about it because I had difficulty expressing my outrage toward American capitalism and especially […]
A Template for Bank Bonus Plans!
From the minds of the folks over at Credit Suisse — Pay your execs in the illiquid assets they built up! Really, this is an interesting idea. Pay those bonuses, but use the derivatives and other facilities that these guys were so hot for (and that crashed and burned so spectacularly): Credit Suisse Group AG’s […]
Regulating the Cards
From Sunday’s WaPo: The Federal Reserve on Thursday will vote on sweeping reform of the credit card industry that would ban practices such as retroactively increasing interest rates at will and charging late fees when consumers are not given a reasonable amount of time to make payments. ….Among the many provisions is a ban on […]
Deliberate Incompetence
I have reached the conclusion that the last eight years weren’t the stumblings of an incompetent frat boy, but rather, a deliberate effort to bring our country to its knees. I believe what we are witnessing is the Republican version of Tough Love – which might be more accurately described as spousal abuse, as in… […]
Subject: Bush Library – updated information!
From one of those joke emails that get sent around. Dear Fellow Constituent: The George W. Bush Presidential Library is now in the planning stages and accepting donations. The Library will include: The Hurricane Katrina Room, which is still under construction. The Alberto Gonzales Room, where you won’t be able to remember anything. The Texas […]
Bush Recession of 2001: Just The Facts
Now before you get start reading this post, I did not include all the different things that were being done to fix the economy or the many positive numbers that were coming out of 2000. I just focused on signs that the economy was slowing down and Bush’s plan to fix it. I looked at […]
Requiem for Old School Capitalism
Winthrop Smith — son of one of the original partners of Merrill Lynch Pearce Fenner and Smith — gave an occasionally angry eulogy for Merrill Lynch at the shareholders meeting that was to approve ML being sold to Bank of America: Today did not have to come. In the past it was Merrill Lynch that […]
Letter to Senator Shelby
Last week, Senator Shelby from Alabama spoke out about government subsidies for manufacturing in the US. He is definitely against and thinks that subsidizing manufacturing is French. The CEO from Compuware writes to the Senator to remind him of the subsidies his state provided for Mercedes Benz: I am sure you were adamantly against the […]
Unemployment Numbers: Bush 41, Clinton, Bush 43
Hmm, the Bush’s Fubar Economy tag works for both Pa and Boy. Update: Here’s a chart to that shows in detail Clinton’s unemployment numbers. Update 2: Bush 43 Unemployment Detail.
Serious QOD
Over the past two days, the executives of the Big 3 automakers spent alot of face time in front of House and Senate Committees making their case for government financial help. They faced alot of questions about how they would use the funds and how they will get organized to emerge healthier and able to […]
Chicken Little or Chicken OMFG?
In Paul Krugman’s blog post today, he admits he’s a bit worried about next year. 1. The economy is falling fast. We’ll see what tomorrow’s employment report says, but we could well be losing jobs at a rate of 450,000 or 500,000 a month. 2. Infrastructure spending will take time to get going — a […]
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