Category: economics

November 13, 2008

Now it’s AMEX?

According to this story , AMEX is running to the US government, cap in hand, pleading that they don’t have any money any more.  Or that they need $3.5 billion to keep them warm and toasty at night. OH COME ON!! Next, it’ll be Halliburton running to their buddies in Washington, claiming that the plans to withdraw from Iraq has cost them business so they […]

November 13, 2008

Cry-baby Capitalism

Cry-baby capitalism is making me sick to my stomach. Why is that when things are on the way up, we’re all told to buckle up and suck it up and keep up with all of the others that are racing ahead of us as we stumble in our careers or other activities, while on the way down, the world’s (once) largest companies are the first […]

November 7, 2008

The High Cost of Defense

This article shows the return to a warrior economy. During the Clinton years, the US government was almost able to pay off its bills because this administration had reduced defense spending.  Not a lot, but enough. At the dawn of the Bush age, we saw an iunprecedented increase in ‘defense’ spending that has nearly bankrupt the US economy. With any luck, Obama will curb the […]

November 6, 2008

Change is coming …

I’m loathe to be critical of someone who is promising change and who hasn’t even had a chance to sit in the big chair yet, but when Obama promised ‘change’, was he just talking about pocket change, like pennies and nickels? This announcement makes me feel that way.  Appointing another alumnus from Goldman Sachs to the Department of Treasury doesn’t really smell like ‘change’.  It […]