Category Archives: Economy
Foreclosure
Here’s a WP discussion about why a foreclosure moratorium would prevent house values from finding a bottom.
There’s no moratorium on the political race to the bottom. The Real Clear Politics average poll value of Congress is 20.5% approve 72.8% disapprove.
Take This Job and Shovel It
Peter Baker caught the prez in a reflective mood in yesterday’s NYT Magazine piece titled “The Education of a President”. Here’s an excerpt.
Obama Identified what he called ‘Tactical Lessons’ from his presidency. He let himself look too much like ‘the same old TAX-AND-SPEND LIBERAL Democrat’. HE REALIZED TOO LATE that ‘there’s no such thing as shovel-ready projects’ when it comes to PUBLIC WORKS.
Earth Birth
Chile accepted help from all over the world to rescue the miners. It was a drill bit from Pennsylvania that did the job but I thought the coolest items were copper socks from Virginia to prevent foot infections. This story in The Week has the rundown of American contributions.
The Best You Can Do
Obama is ignoring David Ignatius‘ advice to take credit for saving the economy and run with it. In his column, Ignatius calls the voters “willfully stupid” – possibly not a winning campaign slogan. So instead, the president is taking Joe McCarthy’s advice to make a wild accusation and then demand that the accused prove his innocence. The accusation being that the Chamber of Commerce is selling out the country to foreign corporate interests. The New York Times debunked this but that didn’t stop David Axelrod from telling Bob Schieffer, on Face the Nation, that we don’t know that the Chamber is not taking foreign money until they prove it. Shieffer’s response, “…is that the best you can do?”
P.S. While Ignatius thinks the people are “willfully stupid”, Victor Davis Hanson says they’re being “played for fools”.
