0 To $1 Trillion In 4 days Flat Atrios has these sobs by the short hairs on this one.
What changed between Monday and Friday? What new information did you have at the end of the week that you did not have at the beginning of the week which caused you to go from $0 to $1 trillion?
And, no, tumbling stock prices or babble about “deteriorating credit conditions” don’t count. Bernanke, Paulson, the SEC, the FDIC should have had access to a set of facts independent of day to day market turmoil. What actually changed over the week? If it was new information, what was it? If it was newly discovered information, why didn’t you know it before?
This administration (and its cheerleaders) have been wrong about everything they’ve told us about the economy. They promised rapid growth and to pay down the debt. In 2007, the surplus was going to be so big that there wouldn’t be enough retiring bonds to pay off. By 2010, debt was to be 6.5% of GDP. That was their first economic plan.
A recession came – they blamed it on Clinton and 9/11 and pushed through tax cuts, and more tax cuts. It was a light recession… short and shallow. But apparently enough so that debt would grow rather than shrink, despite all the help from the Fed. And for some reason, growth was anemic. So they pushed more tax cuts. And growth was still anemic. Eventually, in mid – 2003, the economy started to pick up again. There was much trumpeting of horns and pontificating and gloating. We’ve had average real growth for a few years plus a big run-up in the debt, and now we’re back to worrying about a downturn again? Now? So soon after their wonderful remedy produced what Kudlow called the Goldilocks economy?
Well liberals ate the porridge, after they tried to call it oatmeal! Duh!
via FDL, These are Very Serious People
The LA Times reports this morning that McCain’s “vetting” Palin’s Veep pick consisted of “teh Google.”
One Republican strategist with close ties to the campaign described the candidate’s closest supporters as “keeping their fingers crossed” in hopes that additional information does not force McCain to revisit the decision….the McCain team used little more than a Google Internet search as part of a rushed effort to review Palin’s potential pitfalls. Just over a week ago, Palin was not on McCain’s short list of potential running mates, the Republican said.
Obviously the GOP is putting all of its’ eggs in Diebold’s basket.
You would think some of the Very Serious People would at least object to McCain making America and Americans look stupid. Of course stupid is what stupid does, and the Very Serious People do that very well.
A response to the sexism in the Obama campaign no doubt.
Living outside of Wasilla, in Anchorage.
That’s experience you can count on!
Not for much, but you can count on it.
Unless you wish to go back to Grover Cleveland and fish wars, the so-called NAFTAgate controversy has implicated this country in the U.S. presidential election to an extent we haven’t quite seen before.
Prime Minister Stephen Harper called the leaked memo, which suggested that Barack Obama engaged in double-talk about the North American free-trade agreement, “completely unacceptable” and said it “may well be illegal.’ He said it was “blatantly unfair” to Mr. Obama’s campaign. He called an internal inquiry, which failed, as internal inquiries often do, to come up with the source of the leak.
Yeah, the rhetoric of the blogs is out of hand.
This court decision is a disaster, which could cost us a city. And the debate ought to be about whether you’re prepared to lose an American city on behalf of five lawyers — it was a five to four decision. … That ought to be a principled argument between McCain and Obama, about whether or not you’re prepared to allow any random, nutcake district judge who has no knowledge of national security to set the rules for terrorists.
Nothing like high profile Muricans undermining the government of the United States in war time, with baseless fears. I know I should be inured to Republican FUD.
If this administration had followed the law and American precedent then Mr. Gingrich would not have to be wetting his knees over Gitmo.
Update: My bad. Apparently Gingrich has been wetting his pants over loosing a city since it was reported that someone besides himself had questioned the Presidents policies.