Friday, September 26, 2008
Sunday, September 21, 2008
Saturday, September 20, 2008
Consensus has been reached among most progressives. The deal to bailout wall street banks, as it stands now, should not pass. It doesn't address the core issues, is a bandaid and helps only corporations that gambled but not individuals. Good (barely and temporarily) for corporate America, bad for individual America.
Wednesday, September 17, 2008
Tuesday, September 16, 2008
As usual, Atrios has the best and most concise summary of what the hell went wrong:
Through this crisis, there's this underlying narrative that something can be done, that there's just a wee liquidity problem. But underlying all of this is the fact that banks made a bunch of stupid loans which aren't being repaid. A bunch of people made highly leveraged investments in securities backed by those loans. A bunch of other people sold insurance on those securities and related debt.
Lots of money is being lost and there isn't any way to fix that.
It's not quite money in the mattress time, but it's not that far away. Next up: AIG, WaMu and who knows what else.
Monday, September 15, 2008
Thursday, September 11, 2008
Remembering those who lost their lives and those who lost their loved ones. Wishing that our country hadn't lost thousands more lives and spent hundreds of billions of dollars on needless, ego-fueled, oil-mad wars over the seven years since. It's all senseless and criminal.
Wednesday, September 10, 2008
As Obama wisely noted, you can put lipstick on a pig and it's still a pig. Or, of course, one of my favorite sayings is that you can polish a turd, but it's still a turd. Frankly, if these were my two choices and I was McCain, I would go for the pig. Either way, I'm voting for Obama.