Worst Week Ever: Republicans Unhinged

2009/02/28


I can hardly wait for the further slaughter the GOP will suffer in 2010. Becoming not just the minority party, but a minor party. If the 2008 was the GOP’s Stalingrad, then 2010 will be their Kursk, the death ride of the GOPWaffe, for you historical buffs. Essentially the GOP has decided they weren’t Rightwing enough, consequently they will be slaughtered in 2010 barring unforeseen developments.
More on Michael Steele
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Financial Follies: Is the Fed Encouraging Credit Card Company Foot-Dragging?

2009/02/26


The financiers all know, or know of each other. Additionally there is an extreme bias toward capital and away from labor. The Right is never concerned about “moral hazard” when high stakes white collar theft is the issue.
More on Economy
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The Credit Card Debt Crisis: The Next Economic Domino

2009/02/25


Oh, and look for a collapse in commercial real estate real soon.
More on Economy
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The Two Documents Everyone Should Read to Better Understand the Crisis

2009/02/25


Why are we bailing out crooks? The demand side of our economy is in straitened circumstances because of institutionalized financial chicanery. The phony baloney nature of financiers plundering the economy was going to have its own comeuppance, but this bailout will save the guiltiest and the wrong lesson will be learned. Bankruptcy and liquidation are the cure for these shenanigans. the physical assets will remain, and then be bought by entrepreneurs with more sense.
More on Timothy Geithner
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The GOP Gets a Swirly in 2010

2009/02/12

In the aftermath of the election and President Obama’s first days in office, I have been observing the reactions of the GOP and its internal dynamics. My conclusion is that they are moving toward their extreme, considering that they haven’t been “Right” enough. Therefore I predict that the 2010 elections will show that they have lost the last of the reasonable center types that once voted for them. The GOP will be not merely a minority party, but a minor party only regionally relevant.