Barack Obama is buying a half-hour slot on television networks in prime time on Oct. 29, the anniversary of Black Tuesday of 1929, when panic in the stock markets set in ahead of the Great Depression.
Obama, leaving a campaign stop in a diner in Georgetown, Ohio, on Thursday evening, declined to say whether he planned to address the current economic crisis in the context of the depression.
is what, exactly, McCain's performance in this video really means.
On one hand, a guy who wants to be the most powerful leader in the free world lets some nutjob take over the microphone; on the other, a Senator who may or may not be for real is talking about the value of voting.
[I'm stickying this because, dammit, it seems unfoily to me, and everybody's assuming LIBOR is some sort of neutral measure. Takedown, anyone? -- lambert]
Bloomberg has an interesting article whose headline, if taken literally, puts shock doctrine right out into the open:
Libor Holds Central Banks Hostage as Credit Freezes?
So, what kind of administration can we expect from Obama?
I'm not sure, but below are a few speculative elements to consider (I reserve the right to be very wrong on these guesses, 'cause they're guesses). Please add to and/or debate this list. And if you have a more-powerful crystal ball than mine handy, tell us where you think this all leads: Read below the fold...
Now, of course, the sucky editors write the headlines, not the reporters, and the story itself is more nuanced -- it's about the end of American capitalism, not the end of capitalism in America, and as opposed to more regulated forms of capitalism -- but still. Read below the fold...
This was a day for me not to blog all day, so maybe I had the mistaken idea that things had slowed down. So I didn't check Krugman, who's on fire, along with his hair, and along with the global financial system. Read below the fold...
One of the joys of reading far right wingnut blogs is the abundant affirmation this activity affords me: I am, after all, a sane and balanced human being and not a barking moonbat. Did you know that Obama's cousin had signed a secret agreement with Kenyan Muslims to institute Sharia law if he was elected President? And that furthermore, Obama himself has signed a secret agreement with US Muslims to make at least 10 changes to the Constitution if he's elected President? Well, maybe you'd heard this, but I hadn't. Read below the fold...
The Senate Select Intelligence Committee is looking into allegations from two U.S. military linguists that the government routinely listened in on phone calls of American military and humanitarian aid workers serving overseas.
Wealthy Are Afraid They’ll Run Out of Money
Robert Frank, Wall Street Journal
"It’s not just the middle class that has money worries. Even the affluent are worrying about running out of cash.
"According to a new survey from American Express Publishing and the Harrison Group, nearly half of respondents with incomes of $250,000 or more agreed with the statement that “I worry that at some point I could run out of money.”...Fully 69% agreed with the statement that “The recent real estate and banking crisis has affected my sense of financial security.” Read below the fold...
... but isn't it time that the petroleum-based economy underwent a little creative destruction? And surely the smart money -- at least, the smart money that's not on the sidelines -- be investing in SUPERTRAINS anyhow? Read below the fold...
