Remember when we were talking about speculators being responsible for spiking gas prices? Seems like said speculators may be in for a nasty shock: I’ve been following this for a while, and it’s encouraging news if the commodities regulators follow through. These guys have been driving up the cost of oil with the same sort …
Category Archive: economy
Apr 14 2009
Cons Want to Ensure You Can’t Afford College
Because, of course, their corporate buddies don’t want to stop getting paid for providing services the government can provide just fine itself, thank you very much: The corporate lobbyists continue to line up to obstruct President Obama’s budget reforms. An excellent example is the proposed rollback of the privatization of the student loan industry, which …
Apr 12 2009
Poetic Justice
I love it when misfortune bites those responsible for the misfortune: Now we find out that Congresscritter Joe Barton (R-Texas) thought that the stock market was better than a bank when it came to being a place to park one’s campaign cash. That thought wound up costing him $700,000 last year. What was that again …
Apr 09 2009
Cramer Never Learns
I think Jon Stewart needs to bring this buffoon back on the show and issue a further spanking: When I heard Jim Cramer “call” a new bull market the other days I actually laughed out loud. Not because I have any knowledge about that one way or the other, but because he’s been so spectacularly …
Apr 03 2009
South Carolina Needs a New Governor, Stat
What an incredible assclown: The antics are getting pretty crazy today in South Carolina, where GOP Governor Mark Sanford, a steadfast stimulus opponent, has come up with a new way to refuse his state’s stimulus cash on the eve of tomorrow’s deadline: Say that tomorrow isn’t a deadline at all. Sanford’s claim is so startling …
Apr 02 2009
Not Ready for the Pointy Scissors Yet
This, my darlings, is how stupid Cons are: This chart was put together by the Republican staff of the House Budget Committee, to help promote Rep. Paul Ryan’s (R-Wis.) piece on the GOP’s alternative budget. You’ll notice, of course, that it shows those wacky Democrats with spending projections that fly right off the map several …
Mar 29 2009
When Numbnuts Advise Novices
Digby has a great point here: I just heard CNN’s week-end money team giving stock tips to their viewers to “recession proof” their lives. Now, I don’t doubt that there are great buys to be had in the market and that some people may be in a position to invest right now and make some …
Mar 25 2009
Great Minds
Digby and I are thinking alike, which gives me hope for the eventual greatness of my mind: I was just reading this interesting piece about narcissistic personality disorder and musing about the mindset that believes it’s ok to take down the world economy and then dictate the rules by which it is fixed. So we …
Mar 24 2009
The Sociopaths of Wall Street
The cluelessness from Wall Street just gets worser and worser: Via TPM, a Wall Street Journal article that says, basically, that at first the Obama administration did not particularly seek out Wall Street’s advice: “In late January, as Treasury Secretary Geithner prepared his proposal for handling the banking crisis, administration officials avoiding seeking input from …
Mar 18 2009
Eliot Spitzer Watches the Magicians’ Hands
It’s always nice to have a reminder that the smoke and mirrors are a distraction calculated to prevent us from seeing what’s really going on (h/t): Everybody is rushing to condemn AIG’s bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG’s counterparties getting paid back in full, …
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