The Rescue

    Last night, the Senate approved the revised bill that implements the proposed plan to bailout (read ‘rescue’) the financial markets after an already long week and painfully drawn out past couple of weeks. Now, the bill will move on to the House for more political butchering of policy that is already late and less than top-notch quality.

    Blame Game

    I guess now is just as good a time as any to start this, especially as I have been hearing a lot of people throw around blame to a lot of different targets, yet I think some of the most deserving of the blame are going unnoticed. I’m really not trying to point fingers here, but as everyone wants to be a Monday morning quarterback, | Read More »


    This is the state of mind I have been in since the votes came down short of approving the bailout package. This is a monumental day in our economy and our country. What we are witnessing now is the result of a chain of events that have been years in the making. Yet, where we are at today is not because of greedy Wall Street | Read More »

    Done Deal

    We are by no means ready for the post-mortem on the economic crisis yet, but the Wall Street Journal (and every other news outlet) has been reporting all day on the bailout negotiations on the Hill, and it looks as though a deal has been sealed, one way or another. As I was watching last night when House and Senate leaders from both sides of | Read More »

    Why We Can’t Afford Market Failure

    As I have been cross-posting between and my blog the past two days, there has been quite a bit of discussion on the economic crisis, which both excites and concerns me. One of the key comments I have been hearing from folks over there is that we should not do the bailout and instead should allow banks to fail. Now, let me be clear | Read More »

    Barry The Clueless Wonder Boy

    After leaving the White House meeting (where Barack arrived late and sat among those who were actually participating in the attempt to resolve the economic trauma), like a bug to a zapper, he immediately made his way toward the camera lights. Of course, Barack made it sound as if he were in control of the situation. Yes, he is on top of this and now | Read More »

    Economists for the Paulson Plan

    Economists Defending Paulson PlanPolicymakers battling the approval of Paulson’s bailout package have taken pride in throwing around the names of a large list of the top academic economists who wrote a letter to Congress stating their opposition to the plan. Indeed, Sen. Shelby mentioned this yesterday as he left the White House. However, don’t be misled to think that all economists are against the bailout. | Read More »


    This is entirely the right thing to do: ABC News’ George Stephanopoulos and Rick Klein report: Sen. John McCain on Wednesday said he would “suspend” his presidential campaign to come to Washington to help negotiate a financial bailout bill, a dramatic move designed to seize a powerful issue. McCain called on the Commission on Presidential Debates to postpone the debate scheduled for Friday in Mississippi, | Read More »

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