2002: Bailout & "too big to fail" theme predicted

Well, Bookworm may have found <something huge.Researching for another post she came across this prophetic bit of writing by economist Utpal Bhattacharya, of the Kelley School of Business at Indiana U:As no rational agent would be willing to take part in the last round in a finite economy, it is difficult to design Ponzi schemes that are certain to explode. This paper argues that if agents correctly believe in the possibility of a partial bailout when a gigantic Ponzi scheme collapses, and … [Read more...]

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American Leningrad – UPDATED

You'll want to read neo-neocon today.She's got quotes by Lenin and thoughts on Dostoevsky and yes, it's all relevant, relevant, relevant.The quotes from Lenin are chilling and you will be able to relate all of them to what is happening in America, today, even though President Obama insists it's not, and that he's no socialist, nope, not him! Bush was the socialist, yep, yep, yep.Bush made his mistakes, and the damn bailout in October was a biggie, but he was no deliberate socialist.A … [Read more...]

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You'll laugh…until you cry

First read thisThen this.Then thisThen thisThen this and this and thisThen thisMore: Going Down With A FightA Bad String of Pearls will break and trip upReporting it wrongLiarSneekDestroyerDownright MilhousianElitistVanishing historyThen Ignoring or Ignorant? (Quite a different response than this oneFlickering lightThe Forgotten ManThen the Last American President … [Read more...]

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Obama: Your conscience means nothing to me…UPDATED

I've been waiting for this story and knew it would come - dropped on a Friday night, of course:Taking another step into the abortion debate, the Obama administration today will move to rescind a controversial rule that allows healthcare workers to deny abortion counseling or other family planning services if doing so would violate their moral beliefs, according to administration officials.The rollback of the so-called conscience rule comes just two months after the Bush administration … [Read more...]

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RNC says: "We're listening…"

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Scrubbing the News for Obama

Remember yesterday, I wrote:Okay, show of hands, how many of you were surprised that this story saw the light of day: Dobson students question Obama’s planYes, it was surprising to see the press report on students making negative remarks on Obama, wasn't it?So today per Instapundit:AIRBRUSHING IN THE EAST VALLEY TRIBUNE? So I linked to a story on high school students skeptical about Obama’s stimulus speech. Now the story has the same headline, but the quotes are missing, replaced by a bu … [Read more...]

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Celebrate Free Speech While it Lasts!

Some riveting television from Rick Santelli - go here.You know what makes it riveting?The man is speaking truth from his heart, and the people around him are spontaneously responding. There is nothing scripted, nothing hedged and over-considered, no punch pulled. This is not an "acceptable narrative" being promulgated by a member of the no-longer-free press. This is not a drone, dutifully mouthing-and-approving today's talking points from the Leadership. This is fire from the ground, … [Read more...]

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Obama & Dems: Put your dreams away…UPDATED

My husband works for a company that is trying to sell their product to places like Lowe's and Home Depot.I hear Obama say "BUILDING SPRAWL STOPS NOW!" and I think, there go 800,000 jobs. And along with those jobs, probably another 100,000 jobs in retail and business technologies.And there goes an awful lot of tax revenue. How we are supposed to pay for this beast of a bill without taxable earnings is something the great "I Won" - who can't say a positive word about industry, … [Read more...]

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The $13 a week stimulus – UPDATED

Hey, $13 dollars is $13, I guess. In January that falls to $8.Here is our 800 billion dollar stimulus mostly-spending bill we must see passed, and we must gratefully accept as the only possible solution to our "catastrophic" problems and our growing malaise. The ONLY solution.This other one, over here, brought up by another Democrat? Ignored. Just ignored.I just have one thing to ask:What does Michelle Obama suggest we do - how we will stimulate the economy with our $13?As I … [Read more...]

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A Poll and a Chart; Liberty Matters

First the Rasmussen poll:67% Say They Could Do A Better Job On The Economy Than CongressWhen it comes to the nation’s economic issues, 67% of U.S. voters have more confidence in their own judgment than they do in the average member of Congress. ... Since they no longer control either the Senate or the House, it’s no surprise that a majority of Republicans (51%) say a group of people picked at random from the phone book would do a better job than the current Congress. But even more una … [Read more...]

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