Tax Havens Are Un-American

When you realize that nearly a $100 billion, annually, in tax revenue is going unpaid by large corporations, you have to wonder where are their tea parties?  Where are the pundits questioning the patriotism of companies that are so clearly helping send our country into debt by skirting federal taxes?  Are any of the companies [...]

New Bank Bailout to Cost 793 Trillion

The new bank bailout will cost a lot.  That’s ok.  I don’t mind paying for the failures of Gree Market* policy and blind financial prognosticating by still-employed economic opinon-makers.  At this point the stimulus is so costly as to effectively be in imaginary dollars anyway.
The banks have gone from keeping how they spent our tax-money [...]

The Porn Bailout?!

This is fucked up.  Via HuffPost:
An article in next month’s Atlantic asks, “Is porn recession proof?” According to porn magnate Larry Flynt and “Girls Gone Wild” king Joe Francis, the answer is no.
TMZ reports that the pornographer pair is heading to Washington to ask for a $5 billion porn bailout:
“With all this economic misery [...]

Why We Don’t Trust Our Political System

Unqualified dynasty relics can snag an office by doing political favors.
Corrupt politicians who maybe possibly might be impeached someday for trying to sell a senate seat, can easily find someone sad and greedy enough to nominate.  And the Senate can’t do a thing about it.
Even the most exciting and inspirational politician to come along in [...]

Sarah Palin: Staggering Idiot

Check out the SNL Parody of Palin’s interview with Katie Couric.
Here’s a short piece from the real thing:

Transcript.
To quote Andrew Sullivan:
How does McCain win an election with a national joke as his running-mate?
What’s more interesting, to me, is why so many Americans have such a positive view of Palin, and are [...]

Why Does a Strong Economy Need a Bailout?

If the economy is as strong as John McCain, Rush Limbaugh, Treasury Secretary Henry Paulson and Condoleezza Rice suggest, why do we need the bailout?

700 Billion Gone

700 Billion or more gone if we don’t act.  The Democrats are ready to sit down with the Republicans and talk turkey.  Our turkey:
“We now have between House and Senate Democrats an agreement on what we think should be in the bill, and we have a meeting scheduled at 10 a.m. tomorrow to meet with [...]

Friendly Reading

Brad sizes up the bailout (emphasis mine):
First of all, I think we should pay attention to how things are being worded. First of all, this is a bailout. The definition of a bailout, in this day and age, is “to rescue from financial distress”. But if you look at the important part of that work, [...]

Will the Inclusion of Foreign Banks Stop the Bailout?

The 700 billion dollar bailout is generating justified rage.  Will the inclusion of foreign banks in the US taxpayer funded bailout be enough to sink it?
Right now, the Republicans are taking the heat for the economy.  If the Democrats pass this bill, that is going to change quickly.
Johnathan Schwarz:
Write and call your representative and senators [...]