Obama



Bipartisanship? Really?

I found this at Crooks and Liars. Bipartisanship has a whole different meaning with GOP. B=N, i=o. In other words, “my way or highway.” After a year of rancorous debate, Congress has given its blessing to the final health care reform bill. As expected, the reconciliation fixes to the $940 billion package received exactly zero […]






Crying Theatrics Turn into Barking Buffoonery

I do not believe that the Obama’s stimulus plan has done any long term good to this economy. In fact, it may have hurt the economy in the long run. But there is no doubt in my mind that the Obama’s economic team was able to save some jobs with this gigantic stimulus bill and […]


eRead the Economic Report of the President

Yesterday the White House released the annual Economic Report of the President – a detailed analysis of actions taken by the Administration to address our Nation’s economic challenges over the past year and the President’s plans to rebuild and rebalance our economy for the future. As part of White House’s commitment to make government more accessible, […]


Will Volker Rule Rule?

Finally the only economist on this planet who has really succeeded in battling dire economic conditions with a series of tough measure is having his say in regulating US financial institutions. The following is an excerpt from Mr. Volker’s interview with the Financial Times on Feb 11th. Excerpts: “The implication for Goldman Sachs or any […]




Explaining AIG: Leave it to Stewart

Two years of business school education, and decades of experience in dealing with worthless securities is not enough to understand the complexities behind AIG bailout. Bernanke, one of the architects of the bailout, once expressed “outrage” over AIG executives getting bonuses. Today and this week both Bernanke and AIG will be in the news a […]


Give What We Want or Else…

It is irrelevant which party is in power, the modus operandi is the same. Give us what we want, or else markets will tank! What we know from this process is that it is not the elected officials who are in charge. This is no democracy. This is an oligarchy. A bunch of fat cat bankers and large corporations are in charge. Not the Congress. Not the President.


New Found Spine or Mass Wake Up Call?

Banks, bonuses and bailouts – busted? Is this a new found spine for the President? Or, is it a reaction to the wake-up call he got from Massachusetts? Whatever it is, I don’t see the bank executives shivering in their boots.