Tuesday
Sep302008
Bankruptcy, not bailout, is the right answer.
I could not have said it better myself, so I'm not going to try. Here's a fantastic article concerning the government bailout fiasco that I agree with 110%. Economist Jeffrey Miron says the bailout plan presented to Congress was the wrong solution to the crisis; click here to read why.
Many thanks to Atlanta Pete for the image.
Sep 30, 2008
Reader Comments (38)
The Mental Health Parity provision is LONG, LONG overdue. it's odd that this is the particular time it gets tacked onto something, but I understand why- throw a popular item on an unpopular bill and viola, extra votes.
But it is far past time for mental health to be covered under basic insurance plans. Especially if the Warpublicans are going to continue to deny the American people desperately needed national healthcare.
That picture almost made me piss myself. Freaking funny. And yes, I agree too. Sorry for the quicky, gotta go do something.
great article!
I've been trying to get an apartment. And I was told my "credit" was NOT good enough. So I checked it. A medical bill (Ive never had a job with insurance), a library fine from 6 years ago and an old utility bill stand in my way of my own apartment. Will MY government "bail" me out. It makes me realize that we have the right to pay our bills. Let me re-phrase. I have the right to pay MY bills. I'd say im moving to Canada, but that's to close.
W3rd Kevin....I love that pic...wish I had the non censored one, but I think you get it.
Did you know you where in the Documentary "Heckler"? (yes i know this doesn't have anything to do with the subject....)
So, the bill has been passed and I can't help but feel that we are getting pissed on and being told that it's rain.
That's pretty standard monetarist policy. Heres why its wrong:
He doesn't actually address something called "a crisis of confidence". People see banks failing, stocks falling, they're losing their retirement funds, and so as a result the try to get money out of the banks. A lot of people are doing this now, buying gold, and the price of gold is skyrocketing. So a crisis of confidence, people losing faith in the value of money, means that the value of the dollar drops sharply. He assigns blame (as any monetarist will inevitable do, to government interference in the market) and then basically says that because of this blame those responsible deserve to suffer.
He admits to the credit crunch, but basically says that "eventually" people will start lending again. Maybe. But in the meantime, people who committed no lapse in judgement will lose their life savings to a collapsing stock and bond market and trillions in dollars will be lost.
Like most monetarist policy, it makes sense from a financial standpoint, but the amount of human suffering (and by human, I mean people like you and me) required for the plan to be successful is irresponsible and unnecessary.
Another good thing about this bill is that when it was announced, the congress didn't just bend over and say "okay" thus giving "king George" more power. They revised the bill and passed it. Either way, who ever wins this election is going to have a huge mess to clean up.
Psst. Pass it on.
http://www.pixelgirl.me/vote
I had a long post, but had to restart the computer. So short and sweet version.
Morgan: Citation Needed for that suffering argument. Otherwise I have my broom ready for some shenanigans calling.
Also: Bill passed, "revised", but in reality just added a horn, mirrors, and streamers to a bike with no wheels. And the Dow STILL drops.
Hey, what does it say under the blurry part of the sign? Is it "friends?" I'll bet it's "friends," isn't it? That, or maybe "frogs" because frogs jump. I've seen them do it. They usually don't need encouragement, though. That's why I'm pretty sure it's "friends."
[patiently waiting for new blog from Kevin...]
Nice to see you blogging again! I had subscribed to your old one in my Google Reader, but when you changed it up the reader didn't follow.
PS. Love the pic up there, couldn't have said it better myself.
The rich get richer and the rest get screwed!!!!