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MEMBER DIARY

    QE2 and the Math that Doesn’t Work

    By: theillinoisguy (Diary)  |  November 17th at 06:09 PM  | 

    I’ll readily admit I’m not the smartest guy in the room. Well, maybe I am – I am in here by myself, but… When the Fed says they are going to create the equivalent of 700,000 jobs with the $600 BILLION bond purchase, I get a little skeptical. Fortunately, I graduated from high school in 1985, before the Department of Education and unions had a | Read More »

    Taking One for the Team

    By: theillinoisguy (Diary)  |  July 27th at 07:53 AM  | 

    In a January interview with ABC’s Diane Sawyer, President Obama stated he “would rather be a really good one-term president than a mediocre two-term president.”  Many took this as a shot at George W. Bush.  I would offer that it was really a shot at Bill Clinton.  In the word-parsing tradition of Clinton, it all depends on what “the definition of good is”. To put | Read More »