grading on a curve
We certainly can’t say that the President of the United States lacks self-confidence. When asked to grade his performance as President, he gave himself a B+. Can’t imagine what kind of curve he was using to come up with that grade. Obviously our citizen king knows better than we do about, well, everything, so [...]
what’s different
I don’t like federal interference in private industry. Have I made that clear enough yet? That means I would have been opposed to former Treasury Secretary Paulson, acting (I assume) on the orders of President Bush, putting heavy pressure on the head of AIG to step down after AIG received one of their many sacks [...]
right on
We could learn so much from history if we choose to acknowledge the wisdom of those who have lived before us. I’ve been reading P.J. O’Rourke’s On the Wealth of Nations, a condensed version of the famous economist Adam Smith’s Wealth of Nations. Only P.J. O’Rourke could get me to read a book [...]
more on the “rescue plan”
One day after the House Republicans, with the help of a significant number of Democrats, stopped this disaster of a federal bailout, the world hasn’t collapsed. The Dow rebounded a little today after its terrible day yesterday. I still think those who voted against this bill did the right thing. I am, however, unsympathetic to [...]
stop the madness
I think it’s only fair to call a mistake a mistake, and yes, I would consider the AIG bailout a mistake. I would also question the wisdom of bailing out Fannie and Freddie, but there would have been far deeper financial chaos had the Bush administration decided not to make that move. These are steps [...]
republican socialism?
Bet you haven’t heard that term before.
Why does it seem to me that all Washington ever seems to talk about these days is bailouts? Bailout Freddie Mac. Bailout Fannie Mae. Bailout Wall Street. Bailout homeowners. Is it possible in America today that no one is allowed to fail?
You know, Phil Gramm was right. We are [...]
