Tuesday, September 16, 2008
The links on the left side of the page are there for a reason. If only I had a tenth of the talent...
Robert Reich -- Why Wall Street is Melting Down, and What to Do About It
”It worked great as long as everyone kept trusting and the market kept roaring. But all it took was a few broken promises for the whole system to break down.
What to do? Not to socialize capitalism with bailouts and subsidies that put taxpayers at risk. If what's lacking is trust rather than capital, the most important steps policymakers can take are to rebuild trust. And the best way to rebuild trust is through regulations that require financial players to stand behind their promises and tell the truth, along with strict oversight to make sure they do.“
Garrison Keillor -- The Bums Try an End Run
” So the Republicans have decided to run against themselves. The bums have tiptoed out the back door and circled around to the front and started yelling, "Throw the bums out!" They've been running Washington like a well-oiled machine to the point of inviting lobbyists into the back rooms to write the legislation, and now they are anti-establishment reformers dedicated to delivering us from themselves. And Mayor Giuliani is an advocate for small-town America. Bravo.“
Go read ‘em.
September 16, 2008