Roscoe Bartlett Is On Notice

Gunpowder Chronicle posted on September 28, 2008 4:11 PM | Rating:

| Views: 159

If Congressman Roscoe Bartlett (R-MD 6) votes for the giveaway bailout bill, I may decide to run for Congress in 2010.

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Posted in: Economics, National Politics, Stupid Politicians

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26

"You've Lost That Loving Feeling"

Gunpowder Chronicle posted on September 26, 2008 12:52 AM | Rating:

| Views: 156

Hank Paulson is desperate. Since the Republicans in Congress have decided that it is better to do the right thing rather than anything, Hank Paulson was reportedly compelled to drop down to one knee before Nancy Pelosi to beg for her help in pushing the Bailout Bullshit through Congress. Bill Medley must be shaking his head.

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Posted in: Economics, National Politics, Stupid Politicians

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26

Washington Mutual Collapses

Gunpowder Chronicle posted on September 26, 2008 12:48 AM | Rating:

| Views: 150

Washington Mutual -- the bank famous for making fun of "stuffy old banks" -- has been taken over by the Office of Thrift Supervision and its assets so...

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Posted in: Economics, Crime & Punishment

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24

Is McCain Stupid?

Gunpowder Chronicle posted on September 24, 2008 5:43 PM | Rating:

| Views: 174

I thought the Palin pick was brilliant. But the move to "suspend campaigning" in order to debate one bad idea after another is downright stupid....

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Posted in: Economics, National Politics, Stupid Politicians

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22

Secured Housing Investment Trust

Gunpowder Chronicle posted on September 22, 2008 7:52 PM | Rating:

| Views: 175

The government bailout plan -- which I have now decided is a VERY BAD idea (see below for more details) -- like any government "plan", needs a witty and catchy acronym. Prompted by a post at National Review Online's The Corner I would like to suggest "Secured Housing Investment Trust", or S.H.I.T. Why? Because this a single big bad of manure that is being foisted on the American people.

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Posted in: Economics, National Politics, Stupid Politicians

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21

More Buyout Bullshit

Gunpowder Chronicle posted on September 21, 2008 5:10 PM | Rating:

| Views: 139

The news on the buyouts gets worse as time goes on. Hank Paulson is channeling John Maynard Keynes. Now, he not only wants to bail out irr...

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Posted in: Economics, National Politics, Stupid Politicians

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21

"Mayonaise" Kills Another One

Gunpowder Chronicle posted on September 21, 2008 7:45 AM | Rating:

| Views: 159

"Mayonaise" Shattuck, Chairman of the Circus otherwise known as Constellation Energy, has killed yet another Fortune 500 Company headquartered in Mary...

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Posted in: Economics, Northern Maryland, Baltimore City

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21

Buyout Bullshit

Gunpowder Chronicle posted on September 21, 2008 6:23 AM | Rating:

| Views: 144

As our government tries to wrestle with the details of the single largest buyout of economic assets in the history of the world -- necessitating raising our statutory debt limit by over $1 trillion -- I think that we need to consider a couple of things.

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Posted in: Economics, National Politics, Stupid Politicians

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21

O'Guvnah The Corporatist

Gunpowder Chronicle posted on September 21, 2008 1:26 AM | Rating:

| Views: 153

Brian Griffiths at Red Maryland does an excellent job pointing out the supreme fallacies of prevailing and living wage laws in the State of Maryland, and does a fair job of taking down the silly, childish claims of Secretary of Labor Tom Perez.

However, Brian left out a key reason for prevailing and living wage laws that goes back decades: prevailing and and living wage laws squeeze out cheaper competitors and limit competition. O'Guvnah is in favor of prevailing and living wage laws because he is a coporatist.

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Posted in: Economics, Maryland Politics, Stupid Politicians, O'Misery in O'Maryland

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17

Rage.

Gunpowder Chronicle posted on September 17, 2008 9:21 PM | Rating:

| Views: 219

I titled this post "rage" because it is only word to describe how I feel right now. Pure, unadulterated rage. Not anger. Not frustration. Rage.

Once again, the leaders and stockholders of an American business have failed in their legal and fiduciary responsibilities to their customers, their fellow citizens, and their government. The failure of AIG's leadership to do their own due diligence in the bond insurance they issued is horrifyingly massive. An $86 billion bailout? ARE YOU FRAKKING KIDDING ME?!?!

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Posted in: Economics, National Politics, General

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Entries for the 'Economics' Category