I’ve written a letter to Congress asking them to not bailout the faltering American auto industry. I’ve also written a post explaining you why I think the same industry deserves its date with the dustbin of history.
I guess you could consider me an ardent opponent of any bailout of the Big Three. But sometimes an [...]
I recently visited Washington DC and I couldn’t help but be struck by how different it is from other major cities in the United States. A big component of that is the wide streets, the classical architecture and the relatively low height of the buildings. As a result, DC feels more open and warm than [...]
Dear Congressional Democrats,
I know you’re planning to bailout the Detroit automakers.
Don’t do it.
The Big Three deserve to fail.
Sincerely,
Random Blogger
The evidence that we’re getting fleeced by both the government and the banking industry with this bailout just keeps coming in.
The financial world was fixated on Capitol Hill as Congress battled over the Bush administration’s request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department [...]
Remember how we’re shoring up weaknesses in our economy by bailing out failed banks and doling out $700+ billion to prevent further failures? Well, it looks like all that money isn’t going to help us average folk anytime soon.
Part of the problem with the economy is the credit crisis. Banks have lost so much capital [...]
Great news for the depressed real estate market, there is a big new player shopping around:
The Federal Deposit Insurance Corp. plans soon to sign a major lease of office space in Orange County, probably in Irvine, where as many as 600 people would liquidate the assets of troubled banks and thrifts based in California and [...]
McCain and Palin have recently added a new smear to their regular roster of attacks on Obama. They say that Obama is a socialist because he wants to “spread the wealth” and would seek to do that through small changes in our tax code.
Devastating!
First a little background. Our Republican led government has just given $25 [...]
On the 2nd of this month I wrote a short snarky post about the explosion of our national deficit. I still think it was dangerous and stupid to borrow so much money (from China mainly) in a time of economic prosperity to spend on the war in Iraq and tax cuts for the rich. However, [...]
Pretend you’re John McCain.
Since Fannie Mae and Freddie Mac were effectively nationalized in early September, the economy - not your strongsuit - has been in the spotlight. Combine that with your fanatical support for an unpopular war and our failed president, a dangerous healthcare plan, proposed cuts to Medicare and Medicaid, an unqualified and prodigious [...]
Our debt now exceeds $10 gazillionbillion trillion dollars!
Didn’t someone somewhere say that the Roman, British and Spanish empires fell because of crushing debt and expensive wars abroad?
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Stay tuned for my liveblogging of tonight’s Veep debate between Palin and Biden. The debate should be starting at 9pm EST. Don’t forget to stock up on beer and [...]