Archive for September, 2008
Way to go Walgreens
September 29, 2008
Walgreens profit up 12% because of “sales growth and cost cutting.” Wow, imagine that. Cost cutting contributing to a profitable business. Maybe those fancy bankers can learn something from a simple, main street company.
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Anyone Understand This?
September 29, 2008
Congress shoots down the $700 billion. And then the Federal Reserve pumps in $630 billion at their own discretion? What in carnation is going on?! What was the purpose of the bill in the first place if the Fed Reserve can do this without any input from the American taxpayer?
And the Award for…
September 29, 2008
…Worst Bailout Analogy goes to Representative Meeks from NY. Click here, scroll down to 12:45 on left and click MR. MEEKS.
You Must Watch This Clip
September 26, 2008
From 2006. A bunch of Fox Business goons making fun of Peter Schiff for saying that the economy isn’t strong, that American’s don’t save enough and that our “wealth” is essentially smoke and mirrors from inflated housing prices. The mockers look like total idiots in light of recent “revelations.” A must watch for sure.
Verdict After 36 Minutes?
September 26, 2008
This debate blows. Incoherent. Unsubstantial. Totally irrelevent.
Nobel Peace Prize Winner on Bailout
September 25, 2008
“Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion.”
- Nobel Peace Prize winner F.A. Hayek writing in 1932 about the cause of the Great Depression
I thought Bernake was a “student of the Depression”…
Our Fearless Leaders
September 23, 2008
“Republicans, for their part, quietly hate the proposal but can’t get in the way of it this close to an election. “They think the market’s going to melt down and we’re going to get blamed,” says the disgruntled GOP staffer, “so they’re going to take their usual chicken-s___ approach and vote for it.”"
Read the rest of it here.
Kingman Arizona
September 23, 2008
We lived here when I was eight years old. I remember lots of wind, trips to the Colorado River and almost stepping on a rattlesnake. The growth in Vegas is such that the two cities are starting to move closer together. Here’s an article examining resulting implications.
Fed up with the Fed
September 22, 2008
That’s the name of my new Facebook group where I am attempting to resurrect the idea that “we the people” are in control.
Visit the Facebook group page. Join if you agree. And spread the word as fast and as far as you can before Congress makes an egregious error and gives “dictatorial power unreviewable by the third branch of government, the courts” to Henry Paulson.
Paulson Plan Thoughts
September 20, 2008
Various comments from a financial blog this morning.
“Republicans try to say the left is socialist, yet they are the ones supporting socialist polices.”
“Hopefully, those who espouse a “conservative” philosophy will no longer believe that this philosophy is embodied in the Republican party.”
“Republicans and Democrats have been running this country into the ground for decades. They are dinosaurs that should be extinct. Why do Americans keep voting for these entrenched political machines? If you really want a change, vote both parties out of Washington for good.”
I couldn’t say it better myself.
