Archive for October, 2008
“Who Could Have Predicted?” Gets Old
I am getting really tired of the “who could have predicted” line that seems to be the response to every crisis engineered by the fools that purport to represent Americans in DC and the corporations they really serve.
This whole bankruptcy business is a classic example. “Who could have predicted allowing credit cards to charge any [...]
Bankruptcy Bill Now Screwing Credit Cards as Well As Consumers
A long time ago, I read a wonderful science fiction story, which might have actually been the basis of a “Twilight Zone” episode.
The story was set far in the future in an economic dystopia. Most people are unemployed, sustained by the government, and there is a long waiting list for even the basest manual labor. [...]
I Told You So, Part 2
So When Will banks Give Loans?
It was Oct. 17, just four days after JPMorgan Chase’s chief executive, Jamie Dimon, agreed to take a $25 billion capital injection courtesy of the United States government, when a JPMorgan employee asked that question. It came toward the end of an employee-only conference call that had been largely devoted [...]
Now He Tells Us
Francis Fukuyama, neo-con and Iraq war cheerleader:
I’m voting for Barack Obama this November for a very simple reason. It is hard to imagine a more disastrous presidency than that of George W. Bush. It was bad enough that he launched an unnecessary war and undermined the standing of the United States throughout the world in [...]
Blame Atrios
This morning I dropped by ,a href=’http://www.eschatonblog.com/2008_10_26_archive.html#1127363368877777840″>atrios’s place for my morning links. As you can see, he’s got a video of some early Police footage, which I clicked on, only to find out it’s not The Police: it’s Def Leppard. Doing “Pour Some Sugar on Me”.
Love is like a bomb, baby, c’mon get it on
Livin’ [...]
Bailout or Handout?
From yesterday’s Times:
According to Treasury Secretary Henry Paulson, the chief proponent of the big bank bailout, flooding the banks with taxpayers’ money was supposed to get them to start lending freely again. And that, in turn, was supposed to stabilize the markets and prevent the downturn from being worse than it otherwise would be.
It was [...]
Go Phils!
I’m not a huge baseball fan, but man oh man, it feels good to see the Phils pull it out.
Oh and Bud Selig can SUCK IT!!
ZOMG!!!1! OBAMA ADMITS HE’S A SOCIALIST!!!1!11!
SIKE! (h/t to TPM
Read More..>>GOP Staffers: Waitin’ In Your Welfare Line
A glance at the Republican job bank page on Texas Rep. John R. Carter’s website paints the whole, bleak picture with what it doesn’t show: real jobs.
“It’s a double-whammy,” said Brad Traverse, whose staffing website, www.bradtraverse.com, is a popular destination for job seekers on the Hill. “You have more firms who are both looking for [...]
Cannibal Credit Cards Crashing
Well gee, this is certainly a surprise:
After years of flooding Americans with credit card offers and sky-high credit lines, lenders are sharply curtailing both, just as an eroding economy squeezes consumers.
The pullback is affecting even creditworthy consumers and threatens an already beleaguered banking industry with another wave of heavy losses after an era in which [...]
