Let’s not overlook what’s been accomplished over the past year. Yeah, it’s not sexy. Yeah, it’s not the kind of thing you want to work on. But it’s progress nonetheless.
. . . We’ve brought the economy back from the brink of the worst economic condition since the Great Depression. Heck, we’ve even already been paid back some of the bailout money so many people, including myself, are generally upset over.
. . . We’ve articulated a plan to withdraw from Iraq.
. . . Our standing in the world has dramatically improved.
. . . We have plans for Afghanistan that help focus [ more . . . ]
Hey, all you Tea Party Teabaggers (referring to your mailing tea bags to the White House, not the other thing), we don’t necessarily see eye-to-eye, but here’s an actual, honest-to-goodness thing to listen to that’s right up your alley — It’s a C-SPAN interview focusing on Wall Street and it’s utter falseness.
Listen to Senator Bernie Sanders (I-VT) interview Nomi Prins, author of “It Takes a Pillage”. [Please note that you will be redirected to the C-SPAN page for actual download and listening to the .mp3 version of the interview.]
I was only able to listen to about five minutes of [ more . . . ]
Happened to watch a debate between crazy Dick Armey, Arianna Huffington, John Kasich, and Howard Dean. I’m not so sure the debate C-SPAN aired (hosted by another organization with Joe Scarborough moderating) was the greatest ever, but it did raise an interesting question of defining Capitalism and Government vis-a-vis each other.
So, I thought I’d take a stab and see what people think.
Capitalism is meant to do and achieve those things that Government ought not do or even try, and Government’s role with respect to Capitalism is to define the collective and greater good of moral and ethical boundaries to be applied against Capitalism.
Absent of the above, [ more . . . ]
If you didn’t already know, today is the two-year anniversary of the Dow Jones Industrial Average hitting 14,164 on October 9, 2007. We’re sitting better than where we were only a few months ago, but with the Dow closing at 9,787 just yesterday on October 8, 2009, we’re entering the two-year anniversary 31% below where we stood two years ago.
I wrote a preamble to this infamous two-year anniversary a week ago, and if you would like to read an assessment that was just as accurate then as it is today, click here to read my original post on what [ more . . . ]
Yes, next week we’ll hit a rather infamous anniversary. Two years ago on October 9, 2007 the Dow Jones Industrial Average hit 14,164. In fact, the Dow actually hit 14,166 during the day on October 9th. And it even hit a momentary all-time high of 14,198 two days later on October 11th.
But that’s, unfortunately, all history, isn’t it?
Now — two years later — we sit at a ‘recovered’ 30% loss. That’s much better than the roughly 54% loss the Dow experienced as recently as March 2009 when the Dow bottomed out at roughly 6,500, but it’s still a huge step backward [ more . . . ]
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