____________________________________________________________________________ Mike Luckovich is an editorial cartoonist for The Atlanta Journal-Constitution. He is syndicated nationally to about 150 newspapers through Creators Syndicate and is the 2006 winner of the Reuben, the National Cartoonists Society’s top award for cartoonist of the year.
This video from a BBC interview with a self-described ‘trader’ is making the rounds of the blogosphere. This is ‘Chicken Little’ on a global scale. The question is, is he right? And what if he is? How does one ‘protect ones assets’ when the entire world economy is collapsing? That’s like saving toilet paper in case there’s a tsunami. Nevertheless, this is a sobering statement worth considering even if you’re not into apocalyptic gloom and doom…
A postscript to this posting… It turns out that the subject of this video, Alessio Rastani, is indeed a private ‘trader’ based in London. His qualifications for predicting the fall of the european economy are about as informed as yours or mine. While he is not a fraud, as some have assumed, he is also not a fortuneteller or soothsayer. Thanks, however, to the BBC’s gushing interview he is now almost as well known as Warren Buffett who really does know what he’s talking about. Bottom line, caveat emptor…
Have any of you listened to this woman? She has got to be the dimmest bulb on the planet! No wonder she’s running for President. She couldn’t qualify for a job as a janitor! Welcome to republican politics 2012…
Rick Perry’s latest stumble in the polls largely seems to stem from his fumbles in Thursday night’s GOP debate. However, even before tea partiers began to fear he was a tongue-tied Sarah Palin in the making, doubts about his viability had bubbled up over his frequent dismissals of Social Security as a Ponzi scheme.
Indeed, it was under probing on this subject from Mitt Romney on Thursday night that Perry’s smooth-talking ways began to falter. And it’s easy to see why: a quick look through the history of the actual Ponzi scheme reveals just how inaccurate Perry’s claims are.
Have you noticed that one of the Obama administration’s most successful programs is also its most “socialist” initiative?
Okay, the bailout of General Motors and Chrysler was not socialist in the classic sense: The government was not looking to hold on to the companies over the long run. Their turnaround was accomplished in significant part by tough, capitalist management steps.
Former White House financial reform adviser Elizabeth Warren, is running to challenge Republican Sen. Scott Brown in Massachusetts. In a video of a recent Warren appearance, posted online by someone not affiliated with her campaign, Warren answered the Republican charge that President Obama’s proposed recovery plan amounts to ‘class warfare’ on the rich.
About all I can say to Brooks’ column today is, ‘Yup! You sure are, Dave!’…
I’m a Sap!
David Brooks | NYTimes | 20 Sept 11
(Note: The original title of this column is ‘Obama Rejects Obamaism’)
I’m a sap, a specific kind of sap. I’m an Obama Sap.
When the president said the unemployed couldn’t wait 14 more months for help and we had to do something right away, I believed him. When administration officials called around saying that the possibility of a double-dip recession was horrifyingly real and that it would be irresponsible not to come up with a package that could pass right away, I believed them.