Progressive Politics from Memphis
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How Dare You Get Involved
The RNC announced it will file a complaint with the Federal Election Commission against the Obama campaign. (Source) The complaint centers around all those small donors that have given nearly half a billion dollars to the campaign. The RNC asserts that there’s no way to prove these donors are legit, because they fall under the…
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Crisis of Confidence
Bonddad reports that the Federal Reserve is considering an interest rate cut… Rates are currently at 2%. Rates have dropped from 5.25% to 2% and we are currently in a credit crunch. The interest rate isn’t the problem. The problem is is confidence in whoever you’re lending to. If you think a borrower is about…
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It Worked
“I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.” – Grover Norquist Grover Norquist may have not been able to fully realize his homicidal dream that is the cornerstone of movement conservatism, but the effect,…
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The Blog, and Other Such Concerns
I know I’ve been MIA for a long time. Let me just say that this past 17 days has been long and trying. Hopefully, the next several days at home will prove to be fruitful here at the blog. Unfortunately, traveling for weeks on end, working long hours, and being largely cut off from any…
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The Coming Financial Disaster
So far this year 11 banks have failed. 14 since February of 2007. In the past 2 years 27 banks have closed. Some of those came under FDIC control long ago. (Source) Back in March, Bear Stearns, one of the largest investment banks in the world was sold to JPMorgan Chase for $10 a share.…
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Clusterf**k in Clarksville
I’m not going to go into any of the details. I want to talk about something that both Newscoma, Goldni and LWC touched on, as well as just some common sense that doesn’t seem to be very common in just about every corner of Tennessee Democratic Party. First, three truths that EVERYONE can agree on:…