October 2009 Archives

Self-jiving Nation


277 Comments

     The scene in the White House these days must be a sort of Opera Bouffe, in which an earnest and rather grave young man moves from one roomful of lesser officials to another in which all agree to pretend that they have prevented the nation from falling into something they call "the abyss."  At the end of Act I, a young deputy FDIC commissioner in the Little Mary Sunshine mold gets down...

Marching Toward Zombieland


318 Comments

     When sober-minded individuals begin to regard an enterprise within a nation as "an enemy of the people" you can bet that some serious blood is going to flow.  This is now essentially the situation for the Goldman Sachs company, which last week announced third-quarter earnings of over $3 billion largely derived from converting zero percent loans from taxpayers into zero risk profits off of anything paying more than zero percent in interest,...

Booby Prize


371 Comments

      When that phone call came around six a.m. last week telling President Obama he'd been awarded the Nobel Peace Prize, I had to think he turned to Michelle and said, "Honey, our life together has just gotten more surreal."  I was hoping that he would politely refuse it, perhaps making a statement later that morning along the lines: "...since circumstances have placed me in the unfortunate position of prosecuting two wars at the...

World War Three Anybody?


320 Comments

     When Alan Greenspan predicted three percent economic growth showing up in the reported figures for the third quarter of 2009, did he mean executive compensation packages?  Maybe the lesson here is: don't ask a crackhead to predict the future supply of crack.  Greenspan's greatest success may be to drive economics into such disrepute that it will be cut loose from the universities and only be taught by mail order or internet subscription...
 
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