Category: National Politics
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Doing Nothing is an Act of Aggression
Yesterday the Senate passed it’s version of the Economic Stimulus bill. The passage came after over a week of debate, and a great deal of arm-twisting. Now the measure goes to a conference committee to resolve the differences between the House and Senate versions. While passage in the Senate is a positive step, the differences…
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Out of Touch
You’re out of touch, I’m out of time – Hall and Oats Yesterday, the US unemployment rate reached its highest level since 1992. 600,000 jobs were reported lost in the previous month. There has been no significant job creation since January of 2007. We’ve experienced two years of stagnant or increasing unemployment. (Source) The reality…
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What First 100 Days?
In my experience, the honeymoon never lasts as long as it should. I’m sure President Obama feels the same way right about now. Just 14 days in office and the Right Wing Chatterbox has taken over the airwaves in opposition to a stimulus package that is intended to help our damaged economy recover from the…
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Bank Nationalization
Barry Ritholtz over at The Big Picture, debunks the arguments against Bank nationalization. Ritholtz and company have been arguing for nationalization for some time now, as an alternative to the current “Bad Bank” scenario that Treasury is pursuing. I don’t know enough about the Macro effects of this, but I agree with the basic premise;…
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That Sound You Hear is a Waaahmbulance
Pronounced (WHAM-bewwww-Lance) Last week I was getting annoyed at the unrelenting Republican bashing of the stimulus package, now I just find it pathetic. They really don’t have anything else to hold on to do they? I mean, this is it. It’s tragic when a well-crafted mythology falls apart. Not so much for the society at…
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Finding the gooey moderate center…
Part of President Bush’s plan to ignore the ISG and the will of the American people involves crafting a political arrangement with the “moderate center” parties in Iraq. As promised in my previous post from this morning, here is a look at the main ones. Good luck finding that moderate center.United Iraqi Alliance – A…