October 25, 2023
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Deep Something

Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it. ~~Mark Twain

Bailout

Featured Politics Election 

Remember This When you Head Out to Vote

B. John 148 Views 0 Comments , , , , ,

As you head out to vote tomorrow (if you haven’t already, I’d suggest watching this. It’s about remembering which party took a record surplus and turned it into a record deficit, which party thinks the rich need tax cuts, and that big corporations don’t have enough freedom to pollute and send us contaminated food. Remembering which party wants to end Social Security, and which party started a needless war in Iraq, and which party was in power when Wall Street was given a no-strings-attached bailout.

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Politics 

AIG Executives Say They’ll Quit

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The New York Times has a Reuters report that five AIG executives wrote letters on December 1 stating they may quit if their salary and bonuses are cut.The senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday. I think this would fall under the auspices of that grand old southern phrase, “Well bless their hearts.”

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Featured Politics Business Economy 

AIG Executives Say They'll Quit

B. John 123 Views 0 Comments , , ,

The New York Times has a Reuters report that five AIG executives wrote letters on December 1 stating they may quit if their salary and bonuses are cut.The senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday. I think this would fall under the auspices of that grand old southern phrase, “Well bless their hearts.”

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Presidency Featured Politics Congress 

The Economic Crisis

B. John 213 Views 0 Comments , , , , , ,

I know you can hardly wait for my take on the current economic crisis. I’ll be the first to admit, that like John McCain has said, I’m no expert on the economy. Certainly there are a lot of “financial products” out there I don’t have a clue about, but there are some things about the market and the politics around it I do understand. Any plan needs to come at this current economic problem from at least two directions. One direction must work on the consumer side to reduce the number of defaults and bad loans. This will help the economy and reduce the total cost of any bailout. On the other side, perhaps purchasing some percentage of an institutions bad debt is acceptable, but that institution has to absorb a portion of their bad decisions. This goes to trust and accountability.

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