Tuesday, September 30, 2008

A New Deal, or a New New Deal?

Certainly the second must be in the bill. I don't think you can have a new New Deal until after the Obama administration takes office. Clearly Bush and Paulson are not going to support such a thing. Since the bail out can't wait a new New Deal can't be included at this time. But the real problem with the Paulson bail out is the transformation of pretend money into real money. It would buy assets from banks at greater than market value. These assets probably won't regain the value paid for them. So money will be lost. The money to buy these assets will come from foreign banks. The American government will have to pay this money back to the foreign banks at some point in the future. A securities turnover excise tax would raise the money to do this without taking it from other sources. So this must be a necessary part of any bill that passes.
About Henry Paulson
Read the Article at HuffingtonPost

Saturday, September 27, 2008

Who Knows Strategy v. Tactics? McCain or Obama? And Where is McCain's Flag Lapel Pin?

The surge was a tactic. The surge did not bring an end to the violence. The surge was successful only as a way of taking the public eye off of the removal of the sunnis from Baghdad. This is what has brought an end to the violence. If making the sunnis of Baghdad into refugees was a part of our strategy for Iraq then the surge was a good tactic for this end. If making the sunnis from Baghdad into refugees was not a part of our strategy for Iraq then the surge was not a good tactic.
About Iraq
Read the Article at HuffingtonPost

Thursday, September 4, 2008

Who is the Handler?

Think of them as the American Taliban. Like our enemies they believe in theocracy. The only difference between these people and our enemies is these people are Christian theocrats and our enemies are Muslim theocrats.
About Sarah Palin
Read the Article at HuffingtonPost