Moonage Political Webdream

TMZ.COM is running a very peculiar picture: In case it’s not too clear, that’s SUPPOSEDLY John F. Kennedy chillaxin while FOUR, count em, FOUR, babes frolicking naked.  Cool huh?  Well, under some circumstances it would most definitely be.  However, SUPPOSEDLY, at this time, his wife was in the hospital struggling to deliver a still-born baby.  [...]

More lunacy from the top.  At approximately 11:10 this morning, Obama is scheduled to meet with representatives of the financial industry.  Last night he had this to say about them: “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.”….. “They’re still puzzled why it is [...]

I read Seeking Alpha’s “Bigwigs Debate Too Big to Fail“.  It discusses the opinion of several key financial players of the US economy regarding whether institutions can be “too big to fail”, and if so, what to do about them.  Very excellent read.  The players fall into two categories: Bust ‘em up: Alan Greenspan Simon [...]

I get the newsletter from the Kentucky Legislative Research Commission.  It’s full of all kinds of neat stuff that doesn’t make the news a whole lot.  In fact, more often than not I have to just paste the text in here because no media feels like fooling with it.  So far, this has been the [...]

President Obama won a Nobel Peace Prize.  Although some are scratching their heads over why, I’m not.  It’s quite obvious and the Nobel peeps even said why: “for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples” Some were somewhat dubious of his accomplishments: “Frankly to be nominated after he has been in [...]

A lot has been made over the collapse of Fannie Mae.  For a while, peeps kept insisting it was apparently a short term blip and that a huge infusion of cash would apparently make everything good.    Other peeps, like me and a few others, have argued that unless they change the rules and allow [...]

Every now and then, not really too often, I feel like I am the only one with the insight and divine intervention of knowing what the heck is going on. That’s not necessarily an arrogant feeling. It’s more like a frustration thing. It’s obvious what’s happening, but no one else sees it. Instead, they just [...]

The gall and stupidity of Nancy Pelosi never ceases to amaze me.  Today, with arguably the economic welfare of the United States on the line, and for that matter, several other countries of the world, Nancy Pelosi assured the world an agreement to bail out the struggling spec market was at hand.  She’d have it [...]

If you’re going to debate this current financial market crisis or criticize the efforts to mitigate it, you HAVE to read this article by Noel Sheppard at Newsbusters.org: …The Carter-era Community Reinvestment Act forced banks to lend to uncreditworthy borrowers, mostly in minority areas. Age-old standards of banking prudence got thrown out the window. In [...]