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Economy

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economy

Greenspan enters the Confessional

The blogverse is a buzz with the news that big Al Greenspan, former drinking buddy of the high priestest of Libertarianism Ayn Rand, has come into congress and admitted that he was wrong about banks regulating themselves for their own best interest and long term survival.  Ms. Rand’s Corpse was clocked spinning at mach 3 in her grave over in Valhalla NY.

The Harsh Reality of Democracy

America is accelerating downhill from is position of prominence in the world, India and China are both on the ascent, but still our politicians are whoring themselves to the power of the masses for a few extra votes.  The glory of democracy is that everyman has a vote, the harsh reality is that most who do vote are selfish jackasses who will gladly sell long term economic growth for a buck today.

Band Aid Economics

If you are not a subscriber, I encourage you to go out and purchase this weeks business weeks. Go ahead I will wait....

This historic issue chronicles the last gasps of the capitalist aspects of our society in the article "Forget Adam Smith... Whatever works". After watching with envious eyes the bailout of the financial markets, the big three automakers are coming to DC looking for a handout.

Why not? Bailing out Ford, GM and Chrysler would have a more direct impact to voters in the fly-over battle ground states then bailing out the banks will.

Capitalism – The Big Lie

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funny-money From Bloomberg this morning comes the news that the US government will start directly investing in banks.  What essentially means is your Tax dollars will spe

How to Win an Election

Do you want to win the presidential election?  Here's the simplest way.

Currently the bottom 50% of the tax base pay only 3.6% of the total tax revenue (source). 50% of the Tax base is far more then the needed number of votes to win an election. Even if a good size fraction do not vote.

Panic What Panic?

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Consumer Confidence copy This is a snapshot of CNN’s 7 economic indicators retrieved from here.   It brings up a very important point, despite several weeks of doom

Ron Paul on the Bailout... from the floor.

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Bailout Plan Fails – Thank God it’s an Election Year

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funny-money Quick Poll. If this was not an election year do you actually think that your elected officials would have paid attention to the thousands of faxes and emails protesting the bailout.  If you said yes.

Coping with Roadkill Budgets

With the current economy being in worse shape then the possums on the thruway, many of us in the IT world are having to cope with severely curtailed budgets. Experts predict that the current economic slowdown will continue for a few years at least.  The worst thing you can do now is try to pretend that its business as usual. Here's a few tips to survive.

  1. Try not to get emotionally attached to your projects.

Jim Brunner - Welcome to Socialism

Senator Jim Brunner (R-Kentucky) had the following to say today.

U.S. Senator Jim Bunning today issued the following statement regarding the Treasury Department’s bailout of Wall Street.

"Instead of celebrating the Fourth of July next year Americans will be celebrating Bastille Day; the free market for all intents and purposes is dead in America," said Bunning.

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