Synchronicity strikes again. Even as the Senate moves towards passing what may be the single worst and most disasterous piece of legislation in our generation, I happened to turn on TCM this evening and found the 1959 film version of “Li’l Abner” (itself based on the 1956 Broadway musical). Just a few minutes ago, a […]
First it was the NY Times editorial telling Tom Daschle that he needed to step down as the Obama Administration nominee for Secretary of Health and Human Services — which Daschle did the same day the editorial came out, specifically citing the Times as he did so (“I read the New York Times this morning…”). […]
Yeah, this pretty much sums it up: Hat tip to Mark Hemingway at the Corner at the National Review Online. ..bruce w..
[UPDATED 02/04/09 — 1124 MST] It appears that Josh Marshall (see below) is just echoing President Obama (maybe that’s what Josh means by “Talking Points Memo”), who said in different interviews yesterday (scroll down to “Little Pork Spending in Bill”) that “most of the programs that have been criticized, as part of this package amount […]
The wonderful Stimulus Watch website gives you an opportunity to see what funding is proposed in the House Stimulus package for any part of the country. I decided to look up Colorado, and in particular Parker, which is where I live, in hopes of doing some first-person investigation of any proposed projects. Nothing. In Parker, […]
Now that they are beginning to see that the original bailouts and TARP is not working, your government is preparing yet another exotic scheme to try and rescue the financial industry. From the Financial Times: US set for ‘big bang’ financial clean-up Barack Obama is gearing up for a “big bang” announcement next week that […]
Visualization is the key to comprehension: Hat tip to Mother, May I Sleep with Treacher? ..bruce w..
Courtesy of a long chain of links (here’s where I found the graphic, over at Megan McArdle’s outstanding blog), here’s a chart showing total credit market debt as a percentage of US GDP: I’m not sure that vastly expanding the money supply in the United States is the right answer. ..bruce w..
Pardon my French, but everything else that came to mind was even more profane. Courtesy of The Corner at National Review Online comes the link to this chart showing how the Fed has pumped up the money supply lately: That little tiny blip around 2000 is apparently when the Fed “flooded” the money supply in […]
If you have been reading this blog and some other greats, you are probably aware that although the press would like you to think “the worst is behind us”, we are only looking at the end of the first phase of the collapse. 2008 saw the beginning of the massive deflationary cycle that kicked off […]
