Alarming News: I like Morgan Freeberg. A lot.
American Digest: And I like this from "The Blog That Nobody Reads", because it is -- mostly -- about me. What can I say? I'm on an ego trip today. It won't last.
Anti-Idiotarian Rottweiler: We were following a trackback and thinking "hmmm... this is a bloody excellent post!", and then we realized that it was just part III of, well, three...Damn. I wish I'd written those.
Anti-Idiotarian Rottweiler: ...I just remembered that I found a new blog a short while ago, House of Eratosthenes, that I really like. I like his common sense approach and his curiosity when it comes to why people believe what they believe rather than just what they believe.
Brutally Honest: Morgan Freeberg is brilliant.
Dr. Melissa Clouthier: Morgan Freeberg at House of Eratosthenes (pftthats a mouthful) honors big boned women in skimpy clothing. The picture there is priceless--keep scrolling down.
Exile in Portales: Via Gerard: Morgan Freeberg, a guy with a lot to say. And he speaks The Truth...and it's fascinating stuff. Worth a read, or three. Or six.
Just Muttering: Two nice pieces at House of Eratosthenes, one about a perhaps unintended effect of the Enron mess, and one on the Gore-y environ-movie.
Mein Blogovault: Make "the Blog that No One Reads" one of your daily reads.
The Virginian: I know this post will offend some people, but the author makes some good points.
Poetic Justice: Cletus! Ah gots a laiv one fer yew...
Next time we’re tempted into our latest fling with quasi-socialism, maybe we should consider the Ann Landers approach: “Are you better off with him or without him?”
We were married on March 4, 1932. Since then, we’ve had trial separation after trial separation after trial separation…whenever we’re at our most depressed, he calls us in the middle of the night from a pay phone by the bus depot. And we get suckered back into it one more time. After all, nobody’s saying we should be neck-deep in old-fashioned socialism…a little bit ought to be okay, right?
Well, this latest reconciliation didn’t take long at all to go sour:
In the end, Congress approved the package—seeing as how the alternative was rising unemployment, a plunging stock market, and corporations unable to borrow to cover their short-term obligations. Now, with the bailout proceeding according to plan, Americans are confronted with…rising unemployment, a plunging stock market, and corporations unable to borrow to cover their short-term obligations.
That is not how things were supposed to go. On Sept. 25, The Washington Post endorsed the administration’s effort, warning that the nation faced a replay of 1929.
“This catastrophe can be avoided,” said the editorial, “and it will be if government promptly and effectively addresses the immediate cause of financial distress—the toxic build-up in unmarketable mortgage-backed securities on bank balance sheets.” (My emphasis.) The Treasury plan, it said, fit the bill.
But the effort to restore confidence and stabilize markets turned out to be, pardon the expression, a bust. After the bailout was signed into law on Friday, Oct. 3, investors had all weekend to contemplate its tonic properties but found none.
On Monday, the stock market looked like it had been pushed out of an airplane. The Federal Reserve was so alarmed by the credit situation that it decided to take the radical step of lending directly to businesses.
By then the rescue package was a fading memory. Instead of being safely contained, the turmoil intensified and spread far beyond Wall Street—to financial markets in Europe, Asia, and South America. Said a Tuesday news story in The New York Times, “Three days after the plan was approved, it looks like a pebble tossed into a churning sea.”
“Mistake” seems to be perhaps too charitable of a word. After all, we already had a teetering, towering stack of experiences that should’ve enabled us to know better.
This is more like an addiction.
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I have a plan to stem this downward spiral of confidence in our system.
You can read about it by going to http://www.KeepAmericaAtWork.com and going to the links section and clicking on “My Plan”
If you don’t like it, submit a better one and I’ll help you to promote it.
Don’t forget to check out the “Post Card” that I want to mail to our senators and corporate officers if all of you will help me to do so.
Thanks,
Virgil
- vbierschwale | 10/11/2008 @ 08:53