I watched Obama live yesterday. What a tragic disappointment. I kept feeling like I was watching Bush — or Clinton, or Reagan, or Lyndon Johnson justifying military action and demonizing those they plan to kill. I soon found myself incredibly bored. I just kept yawning. It was all so predictable and and disgusting.
I find in [...]
Entries Tagged as 'Policy'
Obama and Afghanistan
December 2nd, 2009 · No Comments · Afghanistan, Military, Obama, Policy
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“Home Builders (You Heard That Right) Get a Gift”
November 16th, 2009 · No Comments · Bailout, Corporate Power, Economy, Policy, Taxpayers, Wall Street
The latest outrage is revealed in this New York Times article. Next to the Wall Street banks is their any group less deserving of taxpayer largess than the big homebuilders that reaped the benefits of Wall Street’s mortgage financing bonanza? I can’t think of one. Well, read it and weep. The latest handout – to [...]
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The Sad State of Our Country
October 12th, 2009 · No Comments · Bailout, Banks, Corporate Power, Credit Default Swaps, Federal Reserve, Mortgages, Obama, Policy, Politics, Restructuring, Stock Market, Taxpayers, Treasury, Video, Wall Street
Last night I watch Bill Moyers Journal via the internet. The first piece interviewed David Simom, creator of “The Wire.” His realistic view of the quagmire of drugs/ghettos/crime/corruption had such a ring of Knowing that I found myself nodding and shaking my head again and again. If you are a “Wire” fan, as I am, [...]
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Relative Values Graphically Displayed
September 30th, 2009 · No Comments · Bailout, Policy, Wall Street, iraq
Here’s a enlightening graphic (click to show in browser so you can enlarge it):
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Losing Faith in Obama
September 8th, 2009 · 1 Comment · Health Care, Obama, Policy, Politics
I, and most of my friends, have found our enthusiasm for Obama steadily sinking. Where once I eagerly sought news of Obama on internet to see what he was saying and doing, I’ve found myself disinterested. Even seeing his speeches, which I now rarely do, leave me unmoved. I’ve been dismayed for a long time [...]
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Torture – the View from Berlin
August 26th, 2009 · 1 Comment · Obama, Policy, Terrorism, torture
While the issue of bringing to full light and justice those responsible for torture is politically divisive and charged in the United States, commentators in Germany, which has more than its share of inhumanity to mankind, seem united in their desire to see that justice is done. The following is from Der Spiegel.
The World from [...]
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Where is the Market Headed?
August 16th, 2009 · No Comments · Economy, Federal Reserve, Policy, Stock Market
In answer to the question posed by the title, “Anyone’s guess is as good as mine.”
Faithful readers will have noted that I have posted nothing about the market or economy for quite some time. The reason is that I’ve concluded that the sources that I’ve been reproducing here have not been helpful for those [...]
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Richard Russell – “The Bailout Campaign Stinks to High Heaven”
July 13th, 2009 · No Comments · Bailout, Obama, Policy, Stimulus, Stock Market, Wall Street
I came across this quote in a post on Words from the Investment Wise (via the Big Picture). I couldn’t have said it better myself!
The quote du jour this week comes from Richard Russell, 84-year-old doyen of newsletter writers who has been scribing the Dow Theory Letters for the past 50 years. Russell said:
“The [...]
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Former Goldman Sachs Banker New German Ambassador
July 2nd, 2009 · No Comments · Administration, Banks, Obama, Policy, Politics
After fulminating yesterday about the influence of the investment banks in the Obama Administration, I came across the following item in Der Spiegel:
Berlin Gives Green Light to Obama’s Ambassador Pick
It took some time, but now it’s official. Former Goldman Sachs banker Phil Murphy is expected to become the next US ambassador to Berlin.
Investment [...]
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Why I’m Discouraged
July 1st, 2009 · 1 Comment · Bailout, Banks, Commodities, Corporate Power, Debt, Economy, Federal Reserve, Financial, Global Economy, Obama, Policy, Politics, Stock Market, Treasury, Wall Street
I’ve been discouraged for some time by Obama’s apparent reliance for advice on two of the architects of the transfer of wealth and power to the mega investment banks. Larry Summers, who is the economic adviser on whom Obama relies most heavily, led the push for repeal of the Glass-Steagall Act in the Clinton Administration. [...]
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