One day in history, the same old story

Queen – Bohemian Rhapsody.

What’s on your mind tonight?

Citing exhaustion, a Saddleback Church spokesman called “This Week on ABC” at the last minute and canceled Pastor Rick™’s planned appearance. It must be exhausting to take flak from both sides after his lies on CNN’s “Larry King Live” earlier this week.

You too can shoot up Fallujah thanks to Atomic Games and the CIA.

The American public has always had a fascination with White House pets; FDR’s Fala, LBJ’s beagles, Jerry Ford’s Liberty, and George W. Bush’s Jeff Gannon.

The teabaggers are desperate to believe that theirs is a spontaneous populist uprising, and that they’re not credulous bumpkins being duped by a slick political machine.   The proof seems to be that it’s poorly organized…

Jeff Madrick’s The Case for Big Government arrives when one might imagine that Wall Street has made the case quite persuasively on its own. By mid-February, the Federal Reserve’s once-gargantuan $29 billion rescue of Bear Stearns had been dwarfed not just by the government’s hotly debated $700 billion “bailout bill” last fall, or even President Obama’s nearly $800 billion stimulus package, but far more stunningly by the $7.6 trillion the Fed and Treasury had by the beginning of 2009 already pledged to contain the ever-widening collapse of the economy, and the additional sum of up to $2 trillion that the new administration said it would raise from public and private sources to rescue banks.

Forget what you have been told about the financial crisis, because most of what has been written has been written from the view point of the financial system. That system exists to be an investment bank for the global wealthy. It packages revenue streams, and sells them. The most important one, was you.

Enjoy the day.

The Paulson Treasury rejected bankruptcy cramdown for intellectually dishonest reasons, and based on fact errors. The only alternative it considered was giving money to banks and investors. Why was jail not on the list of solutions?