Tag Archives: Politics

New levels of McCain contradictions

October 4, 2008 – 9:35 am

McCain’s pretty good at contradicting himself, but now he’s reached new heights with the following: We can go backwards with job-killing tax hikes, the same old broken partisanship, and out of control spending as Senator Obama would have us do or we can bring real reform to Washington. Yes, he tells you that partisanship is [...]

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TheHill.com – Soros floats alternative bailout plan with Dems

October 2, 2008 – 11:34 am

Here’s an interesting idea from George Soros. Instead of the current bailout plan, he suggests getting troubled banks to issue enough extra stock to recapitalize them, with the stock being bought by the government. This would restore balance to their accounts (with extra cash on hand they wouldn’t be so extended, and their balance sheets [...]

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Prescient, if perhaps Obvious

September 27, 2008 – 8:32 pm

Cringely reposts an excerpt from a post of his that appeared two days after 9/11. Right now it seems obvious, but I don’t know if it seemed that way then: ‘To a man with a hammer, everything looks like a nail,’ wrote Mark Twain. In the current context this means that the organizations charged with [...]

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A billion here, a billion there

September 26, 2008 – 11:40 am

It worked. That’s a really large number. Kudos for a job well done. Forbes writes on part of the reason that the American public is so skeptical of the Bush administration’s bailout proposal: In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are [...]

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Deliberation on Bailouts

September 26, 2008 – 11:38 am

Newt Gingrich speaks truth to… well I’m not sure who to, exactly, but the point is Newt Gingrich speaks truth! Congress was designed by the Founding Fathers to move slowly, precisely to avoid the sudden panic of a one-week solution that becomes a 20-year mess. And so we’ve now reached the point where I’m in [...]

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