Brad DeLong is one of the few liberal(ish) economists willing to stick his neck out and spend his personal credibility as a blogger and academic economist on the bailout plan. For him, apparently, there are only two options: paying off the bankers works, and we are able to dig ourselves out of a Depression, or the Depression falls into apocalypse. However, apparently he's willing to stake his reputation on the former hypothesis:
I've been tinkering with the server some, and I hope pages are building faster now. I think they are, but that may be wishful thinking and projection! So, readers, please let me know!
Note that (1) I had to disable the glossary module for now. You never want to see the words "segmentation fault" in your server logs, eh? Read more about User experience
FDL (Emphasis mine):
Alaska's Frost Lady is part of Eminem's stimulus package.
Gov GILF has a new fan in rapper Eminem, who includes Sarah Palin in a wish list of ladies with whom he'd like to be intimately involved. Palin joins the rapper's hit list of simulated sexy celebs like Lindsey Lohan, Kim Kardashian, and Jessica Simpson in the video for "We Made You." Fame, it's a bitch.
Charles, in Chicago, who voted for McCain -- who served in the Marine Corps and the US Army, who knows about Klaus Barbie and understands what this nation is supposed to be about: my hat's off to you, man.
What you did to Limbaugh on the radio was a thing of beauty, a joy and a delight. Thank you, thank you, thank you.
A soldier and a Marine -- and your service continues. Thank you.
MORE callers like Charles, please. Read more about Caller from Chicago busts Limbaugh's chops -- and Limbaugh can't answer
Connecticut Attorney General Richard Blumenthal is questioning why up to $400 million in federal bailout money is going to the big three credit rating agencies that he says helped create the economic meltdown.
Blumenthal said Monday that he is investigating why a $1 trillion government bailout program designed to unfreeze the credit markets steers money to Moody's, Fitch and Standard & Poor's and shuts out their six smaller competitors.
He said the companies may have violated antitrust laws, and he alleged they overrated toxic assets before the meltdown.
”The net result here is that up to $400 million in fees will be showered on the same ratings agencies whose mistaken ratings and inflated ratings led to the economic crisis,” Blumenthal said. “It is another reward for failure.” Read more about Blumenthal Questions Credit Rating Companies
So the President visited Iraq today, un-announced beforehand. The troops appear to have been glad to see him.
Now if he will bring them home, I will join them in being glad that this President is so very different from his predecessor. Read more about What a difference a presidency makes
Citigroup Inc.'s new board chairman, Richard Parsons, said financial institutions are being targeted for creating the nation's financial crisis, but they aren't the only ones responsible.
"Everybody participated in pumping up this balloon. Now the balloon has deflated," he said Monday. "Everybody, in reality, has some part of the blame. But it's much more in the culture to find a villain and vilify the villain."
A small but growing number of cash-strapped communities are printing their own money.
Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.
The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.
Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts.
That, and tell us what you did with what you already stole. Full public acts of contrition also gratefully accepted!
NOTE Via (Yves (this [terr|horr]iffic compendium of quotes on The Big Shitstorm)). Read more about Grayson: "Stop stealing our money!"