The defences of Alan Greenspan at Grapsing Reality… are legendary. (This response to Tom is my favorite of the lot, and rather representative.) Which makes today’s conversion announcement all the more noteworthy.
By Spencer The advance durable goods numbers are not reassuring. The unsmoothed total orders were down 4.5%. Although the monthly data is very noisy, the smoothed data is also showing weakness as the apparent rebound over the previous two months disappeared. Clearly, the data peaked last year and is trending down with no signs of […]
by cactus Act Now! Now! Now! How nice to hear GW tell us that we have to act now! now! now! or we’re doomed. He gave us that same line in 2001 with respect to tax cuts. He got his tax cuts, the economy tanked, and our surplus died. He gave us the same line […]
UPDATE: Not even the Wall Street Journal editorial page fell for McCain’s “reasoning”: So count us as mystified by Senator John McCain’s decision yesterday to suspend his campaign and call for a postponement in Friday’s first Presidential debate so that he and Barack Obama can work out a consensus bill to stabilize the financial system. […]
Obama’s Rev. Jeremiah Wright looks pretty mainstream to me compared to Palin’s Pastor Muthee.
The historic importance of the Posse Comitatus prohibition was also well-analyzed here. As the recent militarization of St. Paul during the GOP Convention made abundantly clear, our actual police forces are already quite militarized. Still, what possible rationale is there for permanently deploying the U.S. Army inside the United States — under the command of […]
By Divorced one like Bush Just thought I would pass this along. He sounds like a reasonable thinker on the subject of our “crisis”. He makes understanding what is and has happened easy for those feeling lost in the discussions. The big thing I got out of it is we really do not have to […]
Remember that plan of Patrick Ruffini’s, that McCain should run against whatever plan is developed: For McCain and other Republicans, voting “no” on Paulson without accepting the consequences of that vote is the political equivalent of a bottomless crack pipe: it will please the conservative “base,” distance them from both Bush and “Washington,” and let […]
Take a page from Douglas North et al., I will simply note that if the institutions charged with managing the process are corrupt, the chance of success approaches zero. Case in point, Christopher Cox (R-BoughtAndPaid) and the SEC: The interesting thing here is that we have already heard that the S.E.C. staff almost immediately demanded […]
by Ken Houghton It was five degrees (C) warmer here this morning than the previous two days of taking the Eldest Daughter to her school bus. Presumably, this is balanced out in part by record-low temperatures in Hell, as the WSJ editorial page (well, Thomas Frank, but still…) summarizes the McCain Position: Last week, Republican […]