First, thank you for all your patience while my family mourned the death of our Mother. My intermittent visits to this blog will now re-commence.
(I'm not so good at this blogging yet so if I didn't credit you correctly, let me know and I'll fix or remove it. If the pictures are yours and you want them down or credit, let me know about that too.)
Yglesias meekly suggests that maybe in the course of spending hundreds of billions of dollars to clean up after the Masters of the Universe, we could spend a nickel or two to help poor people.
I'm not optimistic. I know how Democrats react when GOP Daddies in nice suits sit them down and explain What Needs To Be Done. See FISA bullshit, Iraq war, etc...
I hadn't realized Martin Feldstein was on the AIG Board of Directors. It seems he no longer teaches the Harvard intro economics course, which is a shame because it would be an excellent platform to explain his new love of socialism.
"Former Palin colleague says VP candidate is only interested in helping herself, cronies" The Salt Lake Tribune. (That's in deep RED Utah.)
McCain Advisor Helped cause Crash
Gramm de-regulated what they now say needs regulating
As the news broke of the Lehman Brothers meltdown and the rest of the latest financial crisis,
John McCain, speaking at a campaign rally in Florida on Monday, angrily declared, "We will never
put America in this position again. We will clean up Wall Street. This is a failure."
And in a statement, McCain called for greater "transparency and accountability" on Wall Street.
If McCain wants to hold someone accountable for the failure in transparency and accountability
that led to the current calamity, he should turn to his good friend and adviser, Phil Gramm.
As Mother Jones reported in June, eight years ago, Gramm, then a Republican senator chairing
the Senate banking committee, slipped a 262-page bill into a gargantuan, must-pass spending measure.
Gramm's legislation, written with the help of financial industry lobbyists, essentially removed
newfangled financial products called swaps from any regulation.
Ain't Socialism for the rich and corporations grand? Just ask Mussolini!