Current Affairs

The World Upside Down.

Dear Great Benevolent Comrade Leader,

Little did I realize that all your talk about Free Enterprise was just a ploy to lead our country down a glorious path towards a People's Democratic Republic. Your brilliant achievement has astounded us all. Long live the revolution!

P.S. You could give Hugo lessons on increasing the size and control of government.

I'm crying too kid!

"I have a hard time understanding why we are giving $700 billion to the Secretary of the Treasury, the former CEO of Goldman Sachs, who along with other financial institutions, actually got us into this problem. Now, maybe I'm the only person in America who thinks that's a little bit weird, but that is what I think." - Bernie Sanders.
You know the world is crazy when I agree with the only socialist member of the senate.

Update:
The No's
Allard (R)
Barasso (R)
Brownback (R)
Bunning (R)
Cantwell (D)
Cochran (R)
Crapo (R)
DeMint (R)
Dole (R)
Dorgan (D)
Enzi (R)
Feingold (D)
Inhofe (R)
Johnson (D)
Landrieu (D)
Nelson (FL) (D)
Roberts (R)
Sanders (I)
Sessions (R)
Shelby (R)
Stabenow (D)
Tester (D)
Vitter (R)
Wicker (R)
Wyden (D)

UPDATE 2:
The Russian Novel Can Be Found here.
Do you think the senators read it?


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I'm Sorry Deputy Dog, This Is Not Calgary!

To stampede or not to stampede, that is the question.
Not all the "folks" or "friends" agree with Senor El Presidente or the experts on CNBC and the major networks that we need to rush the horses off the ranch without knowing the terrain. I know that I'm not the smartest cowpoke on the spread, but it's been my experience that panic always leads to bad decisions. You never know, the direction toward the South 40 might have a cliff or two.

Below are those with differing views on how to handle the current "CRISIS."

More from Arnold Kling.

Bailout will turn America into England.

Bankruptcy, not bailout, is the right answer

Why the Bailout is Bad for America.

Does It Take a Panic to Stop a Panic?

How Would We Know If a Bail-Out Worked? Take Your Stand

I Think We Better Think It Out Again

You Can't Rescue the Financial System If You Can't Read a Balance Sheet

"Are there really only two choices: a depression or nationalization? Can we afford this bailout without spending cuts? Should we rescue financial institutions without the help of the private sector? Why the rush to war?"

That should be enough for you to chew on.

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I'm Sorry Deputy Dog, This Is Not Calgary!

To stampede or not to stampede, that is the question.
Not all the "folks" or "friends" agree with Senor El Presidente or the experts on CNBC and the major networks that we need to rush the horses off the ranch without knowing the terrain. I know that I'm not the smartest cowpoke on the spread, but it's been my experience that panic always leads to bad decisions. You never know, the direction toward the South 40 might have a cliff or two.

Below are those with differing views on how to handle the current "CRISIS."

More from Arnold Kling.

Bailout will turn America into England.

Bankruptcy, not bailout, is the right answer

Why the Bailout is Bad for America.

Does It Take a Panic to Stop a Panic?

How Would We Know If a Bail-Out Worked? Take Your Stand

I Think We Better Think It Out Again

You Can't Rescue the Financial System If You Can't Read a Balance Sheet

"Are there really only two choices: a depression or nationalization? Can we afford this bailout without spending cuts? Should we rescue financial institutions without the help of the private sector? Why the rush to war?"

That should be enough for you to chew on.

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T. Boone Pickens Is The Man! [Video]

[youtube=http://www.youtube.com/watch?v=I3Wm6f1i6RQ&w=425&h=344]


Here is a short video from his appearance on Squawk Box this morning.
[note: Squawk Box is the best business show on television IMHO]

[youtube=http://www.youtube.com/watch?v=Avt8Yo2WE14&w=425&h=344]


Here is a longer version of Mr. Pickens explaining his plan to have the US move away from oil to other forms of energy. If he were running for President I would vote for him.

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Should You Listen To This Guy?

Let's hear some sage advice to a viewer.

Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? --Peter

Cramer says: “No!
No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”

http://www.liveleak.com/e/2b7_1205751955

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