Tag: Financial Meltdown
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A Personal Message of Joy, to Several Constituencies
In which your scribe celebrates the gift of a new job.
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3 Questions About the Tea Party Debacle
President Obama didn’t need to twist the knife after winning. Conservative pundits are lining up to do it for him.
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“Strategy Change” Is the Silliest Liberal Meme About Paul Ryan’s VP Candidacy
No matter how much Obama partisans want to wedge Paul Ryan into a Sarah Palin narrative, Ryan will never become a target-rich environment for Tina Fey.
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GOP Needs to Do More to Counter the “Tax Breaks for the Rich” Mantra
The GOP’s position on the importance of capital formation may be true, but as an argument it’s both a snoozer and a loser. If the Republicans don’t compromise on taxes for the highest earners, they’re going to blow the chance to put a Republican in the White House.
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Obama’s “I Blame George Bush” Act Is Growing Old
More than 30 months into the era of Obamanomics, the administration is still desperately seeking to blame all of the nation’s woes on George W. Bush. They’re getting less and less traction with that argument — Obama’s approval rating just hit a new low of 40%, according to Gallup’s tracking poll.
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In the Budget Battle, GOP Should Not Let the Perfect Be the Enemy of the Good
If purists force a government shutdown in August to avoid exceeding the debt ceiling, each side will of course point fingers at the other. But Republicans have seen this movie before. In 1995, Bill Clinton triggered a government shutdown by vetoing budget bills — yet Republicans ended up shouldering the blame, and Clinton was re-elected.
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The Wages of Socialism Are Greece
Look to Greece, the cradle of democracy, to see what happens when the people no longer are able to vote themselves bread and circuses. From the Voice of America: Workers in Greece are in the second day of a 48-hour general strike, and the country is all but shut down by the protest action against […]
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A Scary Road Ahead for the U.S. Economy
In the midst of the coverage this past week of the various pathologies of Muammar Gaddafi, the Wisconsin legislature and Charlie Sheen, some of the most ominous news was largely overlooked. Pacific Investment Management Co. (Pimco) confirmed that billionaire Bill Gross, manager of the world’s largest bond fund, had completely eliminated U.S. Treasury Bonds from […]
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Mary Meeker, Entitlements, Wikipedia Drift, and Why It Takes Me Three Hours to Write a Blog Post
Mary Meeker, the early Internet visionary who endured derisive criticism when she (correctly) predicted that Ebay’s stock would soar to more than $400*… No, that doesn’t sound right. Off to Wikipedia to refresh my memory. I’m a huge Wikipedia fan, btw, and I have no patience for whining complaints to the effect that “Wikipedia isn’t […]
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A Politician Admits a Mistake.
In Other News, Pigs FlyAs longtime chairman of the House Financial Services Committee, Barney Frank was one of the key architects of the housing bubble, and of the crisis that followed the burst. Not the sole architect, of course — the roots of the crisis stretch back to the Carter administration. (See “In Defense of Wall Street Greed” nearly […]