Archive for the ‘finance’ Category

Who in Congress Voted for the (First) Bailout and Why?

Friday, October 3rd, 2008

The word on the street - both Wall and Main, I think - is that those up for re-election voted against it because they had much to lose, seeing as the grassroots wasn’t at all smitten with the most visible taxpayer funded handout to corporate interests in some time. (The dull and routine farm bill doesn’t receive as much media attention - partly because it’s dull and routine - but also, I suspect, because [big agribusiness] farmers don’t draw the same level of suspicion as those uppity paper pushers in Manhattan.)

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Posted in Strangebedfellows, finance | 3 Comments »

The end of the world as we know it

Thursday, September 25th, 2008

My gut instinct on the bailout is that it’s a really bad idea. I’m not alone. The voters almost unanimously agree. The director of the Congressional Budget Office doesn’t like it either and says it could actually worsen the current financial crisis. He says it could expose the fraudulent bookkeeping of the financial giants who now appear solvent only because their liabilities are currently unknown. Not that it will have any impact on what happens inside the Beltway.

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Posted in Big government, Democrats, Election '08, Republicans, corporate state, finance, globalization, revolution | 10 Comments »

God and Mammon

Wednesday, June 25th, 2008

The Islamofascists can’t force America to submit to Islamofascism by military means, nor can they do it by strategic breeding (the latter only works in Europe). So we can probably breathe a sigh of relief since, hey, even as the new caliphate stretches from Khorasan to Portugal, it won’t be claiming any new world colonies any time soon. Right? Wrong. As Frank Gaffney explains, those endlessly clever Islamofascists have schemed a way to force God’s own country to heed the call of the minaret by conquering our financial markets: (more…)

Posted in economics, finance, islamofascism, neoconservatives | 5 Comments »