poetics.info

Well, the bailout failed and the politicians are still playing the blame game. Both camps will regroup and try again after the Jewish New Year holiday. And, in the meantime, the Wall Street whiners are very, very nervous. There were a lot of reasons that Congress could not pass the bill, and I was extremely [...]

[UPDATE:  The bailout has been voted down — it has a slight chance of being reversed, but right now the "nays" have it. This piece was written before this news.] It’s like a scene straight out of Atlas Shrugged. The economy is flailing — quite possible beyond help at this point — dragged down by the [...]

More of the Austrian School’s take on the current crisis in this article by Llewellyn Rockwell, Jr., Bush the Socialist Destroyer. Rockwell writes: And here is his [Bush's] description of the grave calamity we face: As uncertainty has grown, many banks have restricted lending, credit markets have frozen, and families and businesses have found it [...]

The U.S. is on the brink of perhaps the greatest depression the world has ever known, and I get the feeling that no one in charge has any real understanding of what’s happening or how we got here. It’s as if the politicians really believe money can just be printed and spent and promised away [...]

Gov. Sarah Palin delivered a historic speech tonight addressing the GOP as Sen. John McCain’s VP nominee. Anyone who watched her tonight wondering if she was qualified for the job had to give her kudos for her poised delivery, her dead-on attacks on Obama, her tenacity, and her political savvy. She pitched a shut out. [...]

By picking Alaska’s governor, Sarah Palin, as his running mate, McCain has regained maverick status and proved he is serious about being a fiscal conservative. He has chosen, as the Wall Street Journal editors call it, the “Reform Ticket.” Yes, the pick was certainly in part a political ploy to draw attention to a lackluster [...]