Archive for March, 2009
Monday, March 16th, 2009
Stick it to them
We Are Very Concerned About the Anger We’re Fomenting, by Matt Welch (Reason: Hit & Run):
I suspect that what the administration might really be worried about is that there’s a glaring contradiction at the intersection of its messaging and policy. Officials talk like they’re really gonna stick it to AIG this time, then they [...]
No Comments » - Posted in Random News by Joe White
Sunday, March 8th, 2009
Inappropriate Stimulation
Inappropriate Stimulation, by Mario Rizzo at ThinkMarkets:
What is happening is a massive re-allocation of resources mainly due to the excessively low interest rate policy of the past few years – but also partly due to certain sectoral shifts. The American car manufacturers, for example, are suffering both from the contraction in credit and from their [...]
No Comments » - Posted in Random News by Joe White
Saturday, March 7th, 2009
LET THEM FAIL (by Russell Roberts)
LET THEM FAIL (by Russell Roberts):
We’re going to run out of money.
We can’t keep GM and AIG and Fannie and Freddie and every insolvent bank and every mortgage afloat. It can’t be done. It’s not a strategy. It’s just desperation to avoid pain.
We’re going to have to start letting them fail.
Sooner is better than later. [...]
No Comments » - Posted in Random News by Joe White
Monday, March 2nd, 2009
All Hail the Mighty State: Texas Independence Day
All Hail the Mighty State: Texas Independence Day:
173 years ago, George C. Childress hurriedly composed a document at Washington-on-the-Brazos while only 150 miles away, the Alamo was under a brutal and ultimately fatal attack by the Mexican army. The document, which was written overnight at a hastily formed convention of Texas leaders, accused the Mexican [...]
