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

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"You didn’t build that!"

…ads. It turns out that at the Republican convention on Tuesday night, they plan to ramp it up again with a speech by a small business owner from Delaware, Sher…

More on Michigan Voting

…for Santorum in the Republican primary. But these counties had big margins on Tuesday with small turnouts. Commenter CSH at Johnathon Bernstein’s blog remarked, “I can’t recall seeing the rich-poor,…

The Congressional Oversight Committee on forclosures

The Washington Post notes more on foreclosures is coming, this time from The Congressional Oversight Committee today. No link yet. A congressional oversight panel is set to warn on Tuesday

CBO on Health Care: July 14th to 20th & MSM Distortions

…back up a little. Tuesday July 14. CBO scores the coverage costs of HR3200, the House Tri-Committee Bill. The CBO Director’s Blog puts this announcement out House Democrats’ Health Reform…

Market Insanity

OK It’s Hopeless. Capitalism can’t be saved from investor idiocy Wall Street rallied on Tuesday with the kind of gusto that can only come from the starving. Citigroup (nyse: C…

AIG as a symbol of ?

…on a weekend retreat in California for senior performers. The company announced on Tuesday that Mr Liddy would be paid a salary of $1 for 2008 and 2009, and that…

Elevated from Comments: The Other Half of the Answer

…ACH transactions begin hammering Wachovia. Suppose they get through the day, overnight banks refuse to lend to Wachovia. Wachovia’s funding dries up (look at LIBOR and the TED spread). Tuesday,…