The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Oh, Great: Senate Plans to Entrust U.S. Financial System to Federal Reserve?

The kind of economic insanity only Chris Dodd could concoct: Key members of the Senate Banking Committee, after months of negotiations, are expected to unveil their proposal within the next week, people familiar with the negotiations said. While the sources cautioned that no agreement has been reached, the lawmakers, led by the panel’s chairman, Sen. […]

Unemployed? Either Get Used to It — or Get Smart and Get Going!

Megan McArdle points out something about our “jobless recovery” that should be obvious, but isn’t: Programmer jobs that once demanded anyone with a pulse and a C++ manual now require that you also have at least three years of experience designing websites for a fast food multinational, speak fluent Tajik, and be proficient in hacky […]

The Manchurian Maverick: John McCain Claims Bailout ‘Brainwash’ Victimhood

“Barbara Espinosa must be doing a victory lap right now,” Da Tech Guy writes in reporting on how MSNBC’s “Morning Joe” battered John McCain today for claiming former Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke  “misled” him into supporting the 2008 Wall Street bailout. Remember that on Sept. 24, 2008 — the day Crazy […]

Obamanomics: It’s Still Not Working

Time for another dose of economic reality: Sales of previously owned homes in January stumbled considerably for the second consecutive month. The National Assn. of Realtors in Washington said Friday that sales fell 7.2%. . . . Economists said that last month’s sales drop from December was another sign the market is critically weak and […]

Stimulus Jobs: ‘Saved or Created’ or Imagined?

We’re paying them to pretend they’re creating jobs: Though unemployment is at 9.7 percent, and just six percent of Americans think the government has created jobs, President Barack Obama will hold a White House reception on Wednesday to mark the one-year anniversary of signing the American Recovery and Reinvestment Act, better known as the economic […]

Is Goldman Sachs Too Big to Fail?
Is Kevin Smith Too Fat to Fly?

Is the Clerks filmmaker too fat to fly? Southwest Airlines says so. I’m interested only because some people say Ace of Spades vaguely resembles “Silent Bob.” Not that Ace is fat or anything, but certainly Drew M. could stand to lose a few pounds, and maybe this news is kind of a warning. Watch those carbs, Ace. On the other […]

Peter Orzag Gets Schooled

Hat-tip to Pundette, who has much more.

What’s the Matter with Kansas Massachusetts?

From the BBC, of all places: The Republicans’ shock victory in the election for the US Senate seat in Massachusetts meant the Democrats lost their supermajority in the Senate. This makes it even harder for the Obama administration to get healthcare reform passed in the US. Political scientist Dr David Runciman gives his view on […]

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