The NYT is spreading scurrilous lies about the economy again:
Driven by a painful mix of layoffs and rising food and fuel prices, the number of Americans receiving food stamps is projected to reach 28 million in the coming year, the highest level since the aid program began in the 1960s.
[…]
From December 2006 to December 2007, […]
Funny how news accounts of the same event can differ so much. Take President Bush’s appearance at Nationals Park yesterday to throw out the first pitch, for example.
AP:
He was greeted by plenty of loud jeers, but also determined cheers, as if the fans in both camps were trying to outduel each other.
Baltimore Sun:
More cheers […]
John Cole (of Balloon Juice):
The positive outcome of the surge to stop the violence was an increase in elective violence.
Let’s not debate the merits or veracity of this claim, but point out that this is the worst framing of the situation in Iraq, ever- “The surge is so successful that we can expect a lot […]
(1) The Unconscious Humor Of George Bush
President Bush, on Wednesday afternoon, addressing the ongoing fighting between government forces and Shi’ite militants in Basra and Sadr City:
Bush: My first reaction to watching the Iraqi government respond forcefully and to make it abundantly clear that — I think the exact — I can’t remember the exact words […]
As we near the end of the Bush epoch, I notice that my outrage meter has fallen out of calibration. I don’t yell at the TV grandpa-style anymore, and even as Dick Cheney took it to the next level down in his campaign to remove the ‘people’ from “of the people, by the people, […]
Remarks by Treasury Secretary Henry M. Paulson (3/26/08):
Historically, commercial banks have had regular access to the discount window. Access to the Federal Reserve’s liquidity facilities traditionally has been accompanied by strong prudential oversight of depository institutions, which also has included consolidated supervision where appropriate. Certainly any regular access to the discount window should involve the […]
Yesterday, His Presidentiality finally aimed some comments at China on the subject of the ongoing crackdown against protests in Tibet. Here’s the brave and intrepid Terence Hunt — who is apparently paid some kind of regular monthly payment by AP for the practice of what all concerned are content to describe as journalism — […]
Everyone’s favorite Iraq contractor, KBR/Halliburton has managed over the years to engage in all manner of wrongdoing in Iraq without ever having to answer for it in the courts. This is, of course, partly thanks to their enormous influence and clout within the government (which causes massive overbilling and fraud, for example, to […]
Apparentlym President Bush can’t just order anyone in the country to do anything he wants just because he’s president. It seems that, despite Bush’s governing philosophy for the last seven years, there are limits to presidential power. And we’re being told this by none other than Bush’s own captive Supreme Court.
The Supreme […]
Andrew Osterland at FinancialWeek.com has some interesting details about what he calls “the shotgun wedding between Bear Stearns and J.P. Morgan” conducted by the Fed.
(1) Pound Foolish
When JPMorgan made its $236 million offer to buy Bear Stearns (at $2 a share), it set aside “$6 billion for ‘transaction-related’ costs in the controversial deal—a good chunk […]
