“There will be ample opportunity to debate the origins of this problem,” Mr. Bush said in the Rose Garden on Friday. “Now is the time to solve it.” classic Bushism on a Friday afternoon in September Paulson Bailout Plan a Historic Swindle "My advice to Washington politicians: Stop, take a deep breath and examine what […]
It’s hard for me to attribute intelligent motives to George Bush. I see him as such a dufus. But this time, the M.O. is too pat. It’s the Iraq War replayed, with subtle variations. All of a sudden, the Market crashes because of the Mortgage Crisis. Out of the blue, it’s the worst possible thing […]
The complete (though ever-changing) elite consensus over the financial collapse First, the fact that Democrats are on board with this scheme means absolutely nothing. When it comes to things the Bush administration wants, Congressional Democrats don’t say "no" to anything. They say "yes" to everything. That’s what they’re for… Second, What is more intrinsically corrupt […]
Finger-Pointing in the Financial Crisis Is Directed at Bush For his entire presidency, George W. Bush has tried to avoid the fate of his father, brought low by a feeble economy. Now, as the financial crisis radiates far beyond Wall Street, Mr. Bush faces an even grimmer prospect: being blamed, at least in part, for […]
McCain on Banking and Health OK, a correspondent directs me to John McCain’s article, Better Health Care at Lower Cost for Every American, in the Sept./Oct. issue of Contingencies, the magazine of the American Academy of Actuaries. You might want to be seated before reading this. Here’s what McCain has to say about the wonders […]
And here’s an article in the American Prospect [to be read in full] from a year ago which accurately predicts the current crisis, and lays the blame on deregulation, particularly the repeal of the New Deal’s Glass-Steagall Act [by former Texas Senator, Phil Gramm, now McCain’s financial Adviser]: The Bubble Economy The sub-prime mess, the […]
The Roots of the Mortgage Crisis: Bubbles cannot be safely defused by monetary policy before the speculative fever breaks on its own. by ALAN GREENSPAN December 12, 2007 … history has not dealt kindly with protracted periods of low risk premiums. … The root of the current crisis, as I see it, lies back in […]
Bush Urges Congress to Enact Rescue Package In remarkably grim language for a president known for his economic optimism, Bush defended the federal government’s "targeted measures" in recent weeks to shore up collapsing credit markets, but said there is now an "urgent need" for even broader government intervention. "This is a pivotal time for America’s […]
American RightToLife Action Sit-in Protest at Dobson HQ ARTL Action members are holding a sit-in to protest Dr. James Dobson at his Focus on the Family headquarters at 8655 Explorer Drive in Colorado Springs today, Thur. Sept. 4, starting at 9:00 a.m. The political 527 group is exposing Dr. Dobson for violating his pledge in […]