Posted on June 26, 2009 by dakinikat
or When Will Journalists actually Report Real News?
So for those that don’t want to see the People Magazine section on the front page of every news paper and as the lead in to every TV news item, let’s look at some real news.
Climate Change : The American Clean Energy and Security Act:
Should [...]
Filed under: Environmental Protection, Health care reform, Team Obama, The DNC, The Media SUCKS, U.S. Economy, president teleprompter jesus | Tagged: Climate change, Froomkin, GLBT rights, Greenpeace, Joe Biden, The American Clean Energy and Security Act, Vice President of Gaffes, Waxman-Markey, White House Watch | 3 Comments »
Posted on June 25, 2009 by dakinikat
Farrah Fawcett (February 2, 1947 – June 25, 2009)
Some how, every generation of woman has their own girl next door with which to compete and identify. Just like the iconic picture of Betty Grable’s legs during World War 2 and Marilyn Monroe’s restless white dress during the 1960s, those of us who went to [...]
Filed under: Uncategorized | Leave a Comment »
Posted on June 23, 2009 by dakinikat
The Federal Open Market Committee (FOMC) meets today. Those folks are the ‘deciders’ when it comes to monetary policy. This should be an interesting meeting for a number of reasons. First, new regulations proposed by the Obama administration definitely put the Fed in the catbird seat. Second, Bernanke is coming close [...]
Filed under: Global Financial Crisis, Team Obama, U.S. Economy | Tagged: bernanke, FOMC, Mishkin, the Fed, the stimulus bill | Leave a Comment »
Posted on June 22, 2009 by dakinikat
One glance at the national income accounts for the U.S. gives us the bottom line. Approximately 67 % of the spending in the country comes from households and nearly the same proportion of the source of that spending comes from wages and salaries. It may be all about oil revenue in places [...]
Filed under: Global Financial Crisis, U.S. Economy | Tagged: Job Creation, Lost Decade, The Great Recession, unemployment | Leave a Comment »
Posted on June 21, 2009 by dakinikat
We were promised changed. What we are getting is perpetuation of the status quo. Let’s try this headline at the Guardian on for size “Goldman Sachs to make record bonus payout”.
Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half [...]
Filed under: Global Financial Crisis, Health care reform, Team Obama, The DNC, Voter Ignorance | Tagged: Financial Reform, Goldman Sachs Record Bonuses, Healthcare Reform, Public Option, status quo, Timothy Geithner, Too big to Fail | Leave a Comment »
Posted on June 19, 2009 by dakinikat
With the release of financial regulation reform and healthcare reform that has Wall Street breaking open the bubbly, I just want to join the chorus of highly skeptical economists. The tune of the last few days is hard to miss. Take this piece from the NY Time’s Dealbook as an example: Only [...]
Filed under: Bailout Blues, Equity Markets, Global Financial Crisis, Team Obama, U.S. Economy | Tagged: DeLong, Financial Reform, fiscal policy, Krugman, Romer, the Great Depression, The Great Recession | 1 Comment »
Posted on June 18, 2009 by dakinikat
I’ve been concerned about the lack of real evidence for the administration’s green shoot hypothesis. It seems that I’m not the only one. A new Wall Street Journal Poll shows that Americans are increasingly ‘wary’ of the deficit and Obama’s economic intervention as Obama’s poll number’s slip.
But the poll suggests Mr. Obama [...]
Filed under: Bailout Blues, Economic Develpment, Equity Markets, Global Financial Crisis | Tagged: Depression, Federal Deficit, Green shoots, Health care reform, Obama Poll Numbers | Leave a Comment »
Posted on June 17, 2009 by dakinikat
A blueprint of the Obama administration plan to extend Federal Reserve Role in the markets was released last night. I have to agree with Felix Salmon at Reuters about the increased density of DC alphabet soup. If you want to wade through 85 pages of sleep inducing regulatory policy, knock yourself out here. Frankly, this [...]
Filed under: Bailout Blues, Equity Markets, Global Financial Crisis, Team Obama, U.S. Economy | Tagged: banking regulation, Federal Reserve Bank, White paper on Financial reform | Leave a Comment »
Posted on June 16, 2009 by dakinikat
Finally, if we are to win the battle that is now going on around the world between freedom and tyranny, the dramatic achievements in space which occurred in recent weeks should have made clear to us all, as did the Sputnik in 1957, the impact of this adventure on the minds of men everywhere, who [...]
Filed under: Health care reform, Human Rights, Team Obama, Uncategorized | Tagged: Affordable health Choices Act, American Medical Association, Congressional Budget Office, Dodd, Kennedy | Leave a Comment »
Posted on June 15, 2009 by dakinikat
Today’s Wall Street Journal highlights the Details Set for Remake Of Financial Regulations. The question on every one’s mind is will it be real this time instead of some show that shuts down the minute the press leaves the room. (You know when Barny Frank and Chris Dodd trot out the single malt and [...]
Filed under: Bailout Blues, Equity Markets, Global Financial Crisis, Team Obama, U.S. Economy | Tagged: banking regulation, Biden, Credit Default swaps, Dodd, Frank, Lawrence Summers, regulation of securities, Timothy Geithner, Vice President MBNA | 2 Comments »