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Interesting stat on "Grandma"

Holly Sklar:

Grandma could be dead from lack of health insurance before she turns 65 and gets Medicare - 80 percent of first-time grandparents are in their 40s and 50s.

I'm guessing that younger marriage is strongly class-based, and so the "grandmas" in their 40s and 50s are likely to be unterbussen, and hence not of concern to "progressives."

Read below the fold...

Keynes and Edmund Burke

This gem from Neiman Watchdog:

There is no end of irony in that J. M. Keynes took his approach to current problems from his political hero and conservative political philosopher, Edmund Burke. Robert Skidelsky, Keynes’s biographer, found this quote from an undergraduate paper Keynes wrote at Cambridge:

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Golden Sacks can't "show the note," couple saves own house

Miami Herald:

When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages.

The couple wound up in a desperate, six-year fight to keep their modest, 1,500-square-foot San Jose home, a struggle that pushed them into bankruptcy.

The lender with whom they sparred, however, wasn't the one that had written their loans. It was an obscure subsidiary of Wall Street colossus Goldman Sachs Group.

Read below the fold...

Shock doctrine from Michelle Rhee

EdWize. Caveat:

That's the framing; Daily Howler is my go-to source for all things education, so I'd check there for Somerby's views as well. Read below the fold...

What The General said


The people who are sagely advising that America can't afford to provide basic health care to most Americans, and especially to the poorest Americans, all have the best possible health care and health insurance available — and often, it's health care provided by public funds. The people who are advising that America must keep borrowing and spending to continue waging wars in the Middle East do not themselves have to worry about ever going abroad to be put in harm's way, nor are they likely to have children and other close relatives who are asked to risk their lives in this way.

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Trying to stay out of debt peonage to Bank of America

A great, great post from Yves. Go read, rage, think, and ask yourself why financial reform is off the table for the administration and, oddly, or not, off the table on the A-list ("Access List") blogs as well.

Always nice to read about people who make their own soap -- on the econoblogs, of course. Read below the fold...

Default assumption

One of the default assumptions that most everyone in the health care insurance debate seems to share is that the Democrats will make things better, if not much better. That's the basis of the "progressive" incremental strategy, for example.

But in at least three very big policy areas -- surveillance, executive powers, and financial regulation -- the Democrats have not made things better, and at least in the case of surveillance, have demonstrably made things worse, by consolidating and normalizing Bush's policies. Read below the fold...

New hard drive needed at Pottersville

James Galbraith: "Confidence" will never be restored until bankster fraud is addressed

Via Yves:

JAMES GALBRAITH: That’s the point about the crisis, is that it could have been prevented. The people in authority two, three, five years ago, knew how to prevent it. They chose not to act, because they were getting a political and an economic benefit out of the speculative explosion that was occurring.

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New post from Kip Sullivan on who will administer "public option"

Go read. I don't have time to post on this right now, but if readers can pick this up in comments, it would be great. Also, somebody who hasn't been banned over at OL might consider posting a Quick Hit on it. Be sure to put "single payer" in the subject line and, just for shits and grins, take a screen dump.

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Golden Sacks may have violated securities laws, big time


In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation's premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies.

Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk.

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Lorem ipsum, vita brevis

I'm having the best time punting around the C list; the writing is so much better, and the subject matter is so much more interesting. Here's a great paragraph from eye of the storm: Read below the fold...

If you can weird out Keith Richards...

Profiles in courage, as "Open" "Left" makes its single payer censorship policy explicit

[A warm welcome to the usual suspects. What took you so long? -- lambert]

Mr. Bowers loses his touch, and makes a clumsy attempt to conflate snark in a Quick Hit with commentary: "Progressive bloggers don’t write about single-payer because they are afraid of Rahm"*.

Fortunately, I assumed that "progressives" like Bowers would stoop to outright censorship at some point, so here is the post Bowers censored in order to replace with that link: Read below the fold...

Not a parody! I swear!


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