Shame on the Democrats and their community organizers

By: Dan Spencer (Diary)  |  September 30th at 11:44 AM  | 

This is just wrong. The Washington Post reports voters spread the blame for the broader economic problems facing the country: In an open-ended question, a quarter of all voters said George W. Bush is responsible for the economy’s relatively poor performance, more than any other single cause. About a quarter name Congress (8 percent), the federal government (8 percent) and Democrats and Republicans (5 percent | Read More »

Improving the inevitable big bailout

By: Dan Spencer (Diary)  |  September 27th at 11:14 AM  | 

My biggest concern with the proposed $700 billion bailout of the financial system is that it might not solve the credit crunch because it provides less than sufficient means to ensure financial institutions are able to raise capital, nor does it contain enough incentives to convince financial institutions to become more willing to lend. Five University of Chicago’s Graduate School of Business professors, Douglas Diamond, | Read More »

Reid Puts Party Politics First

By: Dan Spencer (Diary)  |  September 24th at 05:17 PM  | 

Upon learning that Senator McCain called Harry Reid’s bluff and once again put the country’s interest before McCain’s personal interests, Reid reversed himself and now asserts McCain’s return “would not be helpful:” Senate Majority Leader Harry Reid, in a statement that would be unlikely to go out without the Obama campaign’s approval, dismisses McCain’s suspension: [. . .] But it would not be helpful at | Read More »