Lots of people talking about the current mess are lawyers, politicians, and people with no credentials other than having a radio show. I really want to hear from economics and finance specialists on this subject, especially regarding the consequences of not bailing out these corporations.
I've found a couple of good collections of links I want to share with you:
"What the $700 Billion Proposal Means for You" is an article from Motley Fool, an investment website.
Culture 11 brings us "5 Easy Pieces" on the economy.
Also, Investor's Business Daily shares some of the history of this mess: "The Real Culprits In This Meltdown"
Finally, here's a little video history courtesy of Fox News (I know, not exactly neutral):
(Click here to view this at YouTube. HT: Verum Serum)
Monday, September 29, 2008
Friday, September 19, 2008
Detecting Government Screw-Ups
Gov't rushing to finish huge financial rescue plan
Rushing: a sure sign the feds are about the drop the ball.
Rushing: a sure sign the feds are about the drop the ball.
Monday, September 15, 2008
Headlines 9/15/08
=Obama Tried to Stall GI's Iraq Withdrawal
Shocker: Sen. Obama tells two stories to two audiences!
Further evidence that Mr. "Post Partisan" is as partiasn as anyone in Washington.
=On an unrelated note...
Records show McCain more bipartisan
=Eating veggies shrinks the brain
Solid evidence this is not, but still I'm going to have some fun with this :)
Shocker: Sen. Obama tells two stories to two audiences!
Further evidence that Mr. "Post Partisan" is as partiasn as anyone in Washington.
=On an unrelated note...
Records show McCain more bipartisan
=Eating veggies shrinks the brain
Solid evidence this is not, but still I'm going to have some fun with this :)
Wednesday, September 10, 2008
Headlines 9/10/08
= Barack Obama takes heat for 'lipstick on a pig' remark
The One opens mouth, inserts foot.
Much ado about nothing. It was a dumb thing to say, but I doubt he was trying to insult Palin. Frankly, he's not that clever.
= Governor: 'Community Organizer' Is Another Way Of Saying 'Black'
And Paterson is another way of saying "moron."
= Park to Interrogate Adults Entering Without Children
Because no one goes to the park to walk their dogs.
Honestly, this is nuts. This isn't safety; it's harassment.
The One opens mouth, inserts foot.
Much ado about nothing. It was a dumb thing to say, but I doubt he was trying to insult Palin. Frankly, he's not that clever.
= Governor: 'Community Organizer' Is Another Way Of Saying 'Black'
And Paterson is another way of saying "moron."
= Park to Interrogate Adults Entering Without Children
Because no one goes to the park to walk their dogs.
Honestly, this is nuts. This isn't safety; it's harassment.
Tuesday, September 9, 2008
Demagoguery and Science Illiteracy
Sen. Joe Biden has charged:
"If you care about [children with disabilities], why don't you support stem cell research?"
Where to begin...
Republicans do not oppose stem cell research. (Some) oppose embryonic stem cell research. Adult stem cell research is as popular as ever among Republicans and conservatives.
What's the difference? Well, the former destroys a tiny human being, and the latter has shown actual results.
And neither would do much to help a whole host of birth defects including the one currently in the spotlight -- Down's Syndrome.
"If you care about [children with disabilities], why don't you support stem cell research?"
Where to begin...
Republicans do not oppose stem cell research. (Some) oppose embryonic stem cell research. Adult stem cell research is as popular as ever among Republicans and conservatives.
What's the difference? Well, the former destroys a tiny human being, and the latter has shown actual results.
And neither would do much to help a whole host of birth defects including the one currently in the spotlight -- Down's Syndrome.
Monday, September 8, 2008
Science Illiteracy in the News
Fox News has a piece with the headline "Fear Looms Over Scientist's Experiment to Uncover Secrets of 'Big Bang'."
It contains this gem: "For centuries, scientists have sought unsuccessfully to unlock the secrets of the Big Bang Theory — a model explaining the birth of the universe. "
Prior to the 20th Century, most scientists believed the universe was eternal. The Big Bang Theory was proposed in the 1920s (it got its name in the '40s) and proponents fought with adherents of various eternal universe models for decades.
That the average person doesn't know this is fine; that the science reporters and editors at Fox don't is sad. Incidentally, they link to a report at the Daily Mail that does not contain that silly line. (BTW, I like Fox.)
It contains this gem: "For centuries, scientists have sought unsuccessfully to unlock the secrets of the Big Bang Theory — a model explaining the birth of the universe. "
Prior to the 20th Century, most scientists believed the universe was eternal. The Big Bang Theory was proposed in the 1920s (it got its name in the '40s) and proponents fought with adherents of various eternal universe models for decades.
That the average person doesn't know this is fine; that the science reporters and editors at Fox don't is sad. Incidentally, they link to a report at the Daily Mail that does not contain that silly line. (BTW, I like Fox.)
Thursday, August 28, 2008
If Only - McCain on Obama
This is the speech I'd give after Sen. Obama's nomination if I was Sen. McCain.
I would like to congratulate Senator Obama on being the first African-American nominated for the presidency by a major party. This is a singular achievement that shows us how far America has come from some of the shameful moments in our not-too-distant past.
But now we have to talk about the issues, and on every meaningful issue, Senator Obama is wrong.
Mr. Obama wants to raise taxes on employers in a limping economy -- a move Herbert Hoover taught us was a mistake.
Mr. Obama wants to achieve energy independence by the slowest conceivable route, continuing to transfer massive amounts of American wealth to people who oppose us in the mean time.
Mr. Obama thinks the way to fix the flaws in the finest health care system in the world is by putting federal beaurocrats in charge.
Mr. Obama sees the judiciary as an unelected legislature, able to make changes to our society that the voters don't support.
Mr. Obama sees the war in Iraq as a distraction from the war of terror rather than as an extension of it. He doesn't understand that if we beat al Qaida in Iraq, we won't have to fight them in LA, Chicago, or Miami.
Mr. Obama believes letting a baby die alone on a table is necessary to protect Roe v Wade. Even NARAL disagreed.
And Mr. Obama thinks he is a reformer when he has passed on every opportunity he has been given to work toward real, meaningful reform in both Illinois and the US Senate.
I congratulate Senator Obama on his historic achievement, but I think the American people know that this country does not need an Obama presidency.
They know this nation needs an economic policy that will keep capital in the market.
They know this nation needs to reduce energy costs and end our country's dependence on foreign energy sources as quickly as possible.
They know our country's health care system needs work, but we can improve it only by putting you in control of your health care.
They know this country needs a judiciary determined to interpret the law, not make it.
They know this nation can only keep itself safe if we totally defeat our enemies rather than leaving when things get tough, or worse, on the cusp of victory.
They know we lose nothing by protecting the most helpless among us and that we lose ourselves if we refuse.
And they know that real reform means taking a hard look at our government, daring to touch the third rails and to question the sacred -- like pork barrel spending, excessive regulation, and government agencies and programs which have lasted long past their usefulness.
The American people know what this country needs, and in November I am confident they will choose the candidate with the experience, judgment, and determination to lead this nation to new heights.
I would like to congratulate Senator Obama on being the first African-American nominated for the presidency by a major party. This is a singular achievement that shows us how far America has come from some of the shameful moments in our not-too-distant past.
But now we have to talk about the issues, and on every meaningful issue, Senator Obama is wrong.
Mr. Obama wants to raise taxes on employers in a limping economy -- a move Herbert Hoover taught us was a mistake.
Mr. Obama wants to achieve energy independence by the slowest conceivable route, continuing to transfer massive amounts of American wealth to people who oppose us in the mean time.
Mr. Obama thinks the way to fix the flaws in the finest health care system in the world is by putting federal beaurocrats in charge.
Mr. Obama sees the judiciary as an unelected legislature, able to make changes to our society that the voters don't support.
Mr. Obama sees the war in Iraq as a distraction from the war of terror rather than as an extension of it. He doesn't understand that if we beat al Qaida in Iraq, we won't have to fight them in LA, Chicago, or Miami.
Mr. Obama believes letting a baby die alone on a table is necessary to protect Roe v Wade. Even NARAL disagreed.
And Mr. Obama thinks he is a reformer when he has passed on every opportunity he has been given to work toward real, meaningful reform in both Illinois and the US Senate.
I congratulate Senator Obama on his historic achievement, but I think the American people know that this country does not need an Obama presidency.
They know this nation needs an economic policy that will keep capital in the market.
They know this nation needs to reduce energy costs and end our country's dependence on foreign energy sources as quickly as possible.
They know our country's health care system needs work, but we can improve it only by putting you in control of your health care.
They know this country needs a judiciary determined to interpret the law, not make it.
They know this nation can only keep itself safe if we totally defeat our enemies rather than leaving when things get tough, or worse, on the cusp of victory.
They know we lose nothing by protecting the most helpless among us and that we lose ourselves if we refuse.
And they know that real reform means taking a hard look at our government, daring to touch the third rails and to question the sacred -- like pork barrel spending, excessive regulation, and government agencies and programs which have lasted long past their usefulness.
The American people know what this country needs, and in November I am confident they will choose the candidate with the experience, judgment, and determination to lead this nation to new heights.
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