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Uber Cynicism: Wall Street Meltdown - Where’s George W. Bush?

Wednesday, September 17th, 2008

Today, Chris Matthews is pushing an important meme in light of the ongoing financial meltdown. While Americans watch a free-fall that has resulted in a near double digit percentage drop in the stock market, Matthews is asking, "Where is George Bush and why hasn't he addressed the American people?" At first ...

Achilles’ Heel and Those Damn Chickens

Wednesday, September 17th, 2008

Yesterday was wait and see time. For the jocks of the financial world, it's fourth and one with less than a minute to go. AIG is the Patriots, and unlike in the NFL, cheaters might not prosper. I think it might be helpful to understand what is actually happening with AIG. ...

John McSame- “I’m always for less regulation.”

Wednesday, September 17th, 2008

As John McSame does another giant flip-flop on who he wants you to think he is, it's helpful to remember that as a politician, John McSame often describes himself as "the greatest deregulator" ever interviewed. Why, it was just a few months ago, in March 2008, that McSame said this in ...

Barack Obama On The Economy: The Sharp Contrast Of Now

Tuesday, September 16th, 2008

If you're still uncertain as to the reasons to support Barack Obama, you must watch the following video of a speech he delivered earlier today in Golden, Colorado. Obama offers perhaps the best explanation of the differences between the economic philosophy of the GOP and his vision for the future. ...

Fired HP CEO Says She’s More Qualified Than McCain Or Palin?

Tuesday, September 16th, 2008

It was bound to happen. After weeks of carefully calculated spin, the McCain campaign's web of incongruous rhetoric is beginning to unravel. In less than 48 hours, the straight talk express has run itself into a ditch, and the rubber that no longer meets the road is wearing perilously thin ...

McCain Still Thinks Fundamentals Are Strong?!?

Monday, September 15th, 2008

This is from today. Read it and wonder. "You know that there's been tremendous turmoil in our financial markets and Wall Street. People are frightened by these events," McCain said. "Our economy -- I think still, the fundamentals of our economy are strong -- but these are very, very difficult times. Contrast ...

Reality Check: No Matter Who Wins The Election, We’re Still Screwed

Tuesday, August 26th, 2008

(photo credit www.werescrewed08.com) Convention fever is lighting up the 2008 presidential elections here in the United States- the time for the major political parties to formally nominate their candidates for the general election, for the party faithful to gather and pat each other on the back while mending wounds inflicted during the ...

Inflation rate highest in last 17 years.

Thursday, August 14th, 2008

[caption id="attachment_4459" align="aligncenter" width="300" caption="The dollars real value "][/caption] I read Dean Bakers columns over at CEPR. He helps me to understand how all the ups and downs of prices for goods and services that are fucking us all in the ass six ways from Sunday. From Mr. Bakers newest column ...

Putting The Fannie Mae & Freddie Mac Situation In Context

Friday, July 11th, 2008

Today, the stock market reacted negatively to speculation that the U.S. government could be forced to bail out the nations two largest sources of mortgage funding, Fannie Mae and Freddie Mac. Of the 12 trillion in mortgage debt, the two giants account for slightly less than 50 percent...a full 5 ...

Economic “Stimulus” Checks Effective?

Wednesday, July 2nd, 2008

Some stories are too good to be true. It appears that the tax rebate checks which were part of the Bush administration's economic stimulus package have been effective...in stimulating the porn industry. An industry research firm reports an increase in revenues closely matches the distribution of the 173 billion dollar ...

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