Relevant and even prescient commentary on news, politics and the economy.

Why is Obama asking for new power for the Treasury?

By Divorced one like Bush This past weekend I wrote about the OCC, Office of the Comptroller of the Currency and 4 rulings that this office has made over the last two presidencies. 1. Preventing state AG’s and the state banking departments from investigating and regulating national banks. 2004.2. Allowing Banks to become real estate […]

RIlands Governor, Stimulus money means Trickle Down policy

by Divorced one like Bush So you have been reading about the southern GOP’ers that are refusing parts of the stimulus money. Something about being true to their crede. Well, we here in RIland have a GOP governor who is doing one better. He want the money! The problem is in how he plans to […]

Furthering my understanding of the money from money theory

By divorced one like Bush I’m reading Kevin Phillips “Bad Money”. I want to understand where this idea that money is made from money comes from. On page 61 he writes: In 1996 a much discussed article in Foreign Policy titled “Securities: The New World Wealth Machine” had set out the ultimate paper entrepreneurial opportunity: […]

NYT asks when will it end?

By divorced one like Bush Via C & L via CR comes the NYT asking when will the recession be over. They have 11different responses. Roubini is there suggesting we could see an L curve. We now face a 1 in 3 chance that, if appropriate policies are not put in place, this ugly U-shaped […]

DOLB’s Punditry on Obama’s speech

by divorced one like Bush Ok, here are my basic issues with the substance of President Obama’s speech. First, may I remind everyone that as of 11/08 I declared my divorce successful. Has it become my mission accomplish moment? I heard this: “And we will expand our commitment to charter schools. but as a father […]

A new shopper at the Pentagon

by divorced one like Bush Via Multi Medium comes a link to Boston.com for an article regarding another Obama appointment. President Obama late this afternoon nominated Harvard professor Ashton B. Carter, a leading authority on arms control, to take on a surprising new role, according to top administration officials — as the Pentagon’s chief weapons […]

Still KISSING income inequality

by divorced one like Bush Let’s talk jazz: Still cashing the income inequalityberries, clams, dough, heavy sugar, jack, kale, mazuma, rubes, simoelan, voot. It’s all money. I started this series to develop a simple model of income inequality so that I wouldn’t sound like I was chewing gum and people wouldn’t get all balled up […]