Huge plunger saves economy
Maybe this giant plunger will be able to unlodge billions of American tax dollars for saving failed financial businesses.
Officially an art collector
Lauren bought this print from Crown Point. It’s a Wilson Shieh print. The framing is super nice. She got an awesome deal.
Nixon politics
Sup Nixon-Rove politics of resentment, how are you today? If/when Obama loses it’ll be because of this. People will resent the fact that he has succeeded and they have not. Voting for Palin, and they are voting for not McCain but for her, will be a way for them to stick it to those who have succeeded because she’s just as much of a white trash fuck up as they are.
This is important for any democrat to understand. The Republican party, after Nixon, learned that they could win by presenting themselves as joe-regular guy.
RIP Fannie Mae & Freddie Mac
The two companies that own or guarantee half of the nations $12 TRILLION dollars worth of Mortgage debt are likely going to be effectively nationalized.
What does this mean? 1) Any shares or bonds with FNM or FRE are going to be next to worthless. 2) The American tax payer is going to eat this. 3) your money market funds are secure.
I don’t really know what should have been done. Americans are having a mega-exodus from credit mentality yet our entire economy relies on credit. Our economy relies on it’s growth, it borrows on our growth, yet the growth can’t happen without credit. If we completely get out of debt, we’re screwed. Yet we cannot contain our debt without inflation. In the long run, individuals get screwed.
Basic advice: Get out of debt and learn a trade skill.
Jon Stewart Annihilates Sarah Palin’s Media Surrogates
Go Jon Stewart!
read more | digg story
Participation
There aren’t many things that get people riled up anymore. The only thing that seems to elicits super-human efforts is the abstract pursuit called our day jobs, second only to some lucky families. There’s a lot of other worthy places to put our toils. Like gardening or supporting Obama.
