Tag: Bush’s Fubar Economy
The Failure of Deregulation
Jesse Eisinger (who writes for Portfolio Magazine) provides a cogent discussion of how deregulation is at the root of our current meltdown. This video is about 5 minutes long and he makes a good case for the failure of the current attitude towards deregulation:
and now a word from your pResident
where do you start with the outright lies on this one? 4/22/2008 Mr. President. Oil prices today rose above $118 a barrel. It’s another record. Are Saudi Arabia and other oil producers — are they our adversaries, or have you had any success with your recent appeals with them? And also, the effect of the […]
Free Market BABY….YEEEEEEHAAAAAAAWWWWW
Awesome! So if I read this right. I should be able to claim taxes against my income from 2004…again. SWEET! In the Senate bill, the nation’s biggest home builders, some now on the verge of bankruptcy, won a provision that would let them claim millions in tax refunds by charging their current losses against the […]
Can you say Autism?
Yes, we have that nice little widget over there that is getting a little attention these days. I personally thank everyone who has donated and wish everyone luck on the upcoming walk. The next little post has very little to do with Autism, but if you know anything about Autism, then you also know very […]
My letter to Frank Rich.
I love reading Frank Rich on Sunday’s The guy is a great writer. So when he wrote this yesterday: It’s not just torture we want to avoid. Most Americans don’t want to hear, see or feel anything about Iraq, whether they support the war or oppose it. They want to look away, period, and have […]
Trickle down economics works
I had to turn off ABC’s Extremely sad Home Make Over last night. It makes me angry to think that in this state, in this city which I work, people are that destitute. A 70 year old woman sleeps downstairs with plastic sheets hanging over hallways to keep the cold out. Sad, pathetic and all […]
Housing Crisis Claims First Political Victim
HUD Secretary Alphonso Jackson is expected to resign today. Apparently, his poor relationship with Democrats was standing in the way of progress. He had also been involved in some shady politics involving a developer friend of his in Philly. He is expected to announce his resignation at a press conference later today.
What a great idea! Clinton is right on point with this one!
The above headline comes from the idiot executives at companies like Countrywide, Bear Sterns and any of the other hundred or so subprime lenders that feasted on ignorant victims. Why are they rejoicing you ask? Because of this: The New York senator proposed greater protections for lenders from possible lawsuits by investors, a variation of […]
Maybe if they got better jobs they wouldn’t be poor
An analysis of government data by The Washington Post found that prices have risen 9.2 percent since 2006 for the groceries, gasoline, health care and other basics that a middle-income American family has little choice but to consume. That would cost such a family, which made $45,000 on average in 2006, an extra $972 per […]
A donviti thought for the day
I am rethinking just how valuable a harvard MBA is and if it current economic conditions have devalued it at all….thoughts. ‘The problem is not at all insurmountable in the long run,’ Herbert Hoover, Oct. 6, 1930
Wall Street Welfare
As it is called by E.J.Dionne in what is likely the last word on corporate America’s newly found use for government and Wall Street’s currently hypocritical stance towards government and its utility: Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries […]
I’m being date raped!
Oil Prices Reach New High Above $109 a Barrel As Report Suggests Demand Will Remain Brisk VIENNA, Austria (AP) — Oil prices briefly are surging above $109 a barrel for the first time. The rise comes as International Energy Agency is warning that there is unlikely to be much relief from current high oil prices […]
can’t….stop….laughing….hurts….stomach…..
President Considers A Boost to Economy With the price of oil hovering near $100 a barrel and overall economic anxiety on the rise, President Bush said yesterday that he may use his upcoming State of the Union address to propose a stimulus package intended to promote growth and shore up weak parts of the economy. […]
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