all-encompassingly

Imagine Bush in 2003 railing against the invasion of Iraq.
Obama’s presidency has descended into the surreal.
May 14 (Bloomberg) — President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.
“We can’t keep on just borrowing from China,” Obama [...]

Where the U.S. government usually consumes 21% of gross domestic product, this Obama budget spends 28% in 2009 and runs a deficit of $1.75 trillion, or 12.7% of GDP…..Add that 28% of GDP spent by the U.S. government to the 12% spent by states, counties and cities, and government will consume 40% of the economy [...]

The Arena Football League has canceled its 2009 season, but will resume play the following year, [according to] the Cleveland Plain Dealer and The New York Times.
League officials could not be reached to comment, but have previously denied the indoor football league would cancel the 2009 season. The AFL, founded in 1987, has 16 teams [...]

Just saying… Maybe a giant bald eagle instead of “AIG”? Or Obama’s smile?

Over at Think Progress there is an “excellent” post entitled, On So-Called “Irresponsible” Borrowers. Matt Yglesias lays out his case that folks who took bad loans and now are not paying their mortgages are basically blameless for their situation.
The post is truly excellent and highly recommended because as commenter Brad says there:
This post might [...]

The obvious alternative to a bailout is letting troubled financial institutions declare bankruptcy. Bankruptcy means that shareholders typically get wiped out and the creditors own the company.
Bankruptcy does not mean the company disappears; it is just owned by someone new (as has occurred with several airlines). Bankruptcy punishes those who took excessive risks while [...]

ABC News’ Tahman Bradley and Arnab Datta Report: Former House Speaker Newt Gingrich, R-Ga., on Sunday described Treasury Secretary Henry Paulson’s request for billions of dollars to buy debt from struggling Wall Street financial firms as “un-American” and said the secretary should have stepped down.
Gingrich even expressed concern with Paulson’s connections to Wall Street. [...]

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I’m with Ralph Nader because he is the only presidential candidate showing real leadership by talking sense about the trillion dollar bailout.
For example, how do we know the world will end if we don’t bail lenders out by this weekend? And why can’t the US government, as Nader suggests, provide bailout money [...]

Heh.

 
Does anybody honestly think these guys are going to do anything remotely helpful as they rush through a bill to “save the economy”?
I concur with Dan Flynn. This bailout is a steaming pile of…you know what.
Just after Bush’s speech tonight MSNBC went to Chris Dodd to get his thoughts on the crisis. I [...]

I know that Glenn Beck comes off sometimes as a bit bombastic, being a radio personality and all. But his recent piece on CNN about energy in general and oil in particular is, well, a pretty good read.
He addresses a lot of the talking points regarding off-shore drilling, gas prices and speculators, among other [...]

Without comment, I bring you Malia Lazu from Oil Change International:

A great piece by David Brooks re: Globalization.
If you go into a good library, you will find thousands of books on globalization. Some will laud it. Some will warn about its dangers. But they’ll agree that globalization is the chief process driving our age. Our lives are being transformed by the increasing movement of goods, [...]

Como si necesitaramos más pruebas que el gobierno kirchnerista no entiende los principios fundamentales de la economía…
Acá tenemos Alberto Fernández justificando el pedido del gobierno que las empresas den informes en cuanto a sus costos de producción para que “no haya abuso de precios.” Jajaja…
“Los costos determinan el costo final de un producto o [...]

apparently, some americans, even the ones in charge, do not have newspapers either.
at a recent committee meeting, an american congresswoman failed to recognize the federal reserve chairman sitting right in front of her, drawing laughs.