In These Times

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• • 30 Jan 09
  • 10:32 am

  Didn't you read the interview? Bacevich didn't say he agreed with the Bush "template" (in fact he disagreed with the Iraq War at the beginning), he was simply explaining what the Bush mindset was. To explain others actions is not being an apologist, that's analysis. He even described that "template" as bizarre. And that's an apologist? So I again wonder, did you bother to actually read the interview with full attention or did you just scan for highlights as you multitasked other things? I ask this because that is how Americans read and take in information these days, thereby usually not …

  Posted to The Radical Conservative

• • 20 Oct 08
  • 6:54 am

  You can find many people who had warned of this latest financial crisis. If one understands bubbles, one can see when they are ready to pop. James Howard Kunstler in his book "The Long Emergency" predicted these days in 2004. His book is premised on peak oil and the slow but sure decline of nations that depend on an oil economy, zeroing in on the US. He was quite clear in describing the housing bubble and thought it was due anytime, and also describes the exotic financial vehicles ready to fall apart. But listening to the "naysayers" in times of ignorant …

  Posted to Americans Unwilling to Face Reality

• • 20 Oct 08
  • 7:32 am

  To address other points in the article; MacArthur only briefly mentions Hank Paulson. This guy is forming Wall Street in his own image, the God of finance. He allows certain firms to fail, others to merge and others to get funding. All the bailout money is going directly to banks that are the buyers of government treasures at auctions named Primary Dealers. This is no accident and by the way the primary dealers include some foreign banks which you KNOW will be saved by either the foreign government of the banks or by the US. Paulson of course was from Goldman …

  Posted to Americans Unwilling to Face Reality

• • 04 Oct 08
  • 8:52 am

  Of course it's too late now that the bailout got the rubber stamp, but I've got a question that I know Wall Street wouldn't answer. Why don't they actually delve into the mortgages they hold, the toxic debt they claim they don't know its worth, and sort the good mortgages from the bad? The answer is that they were buying mortgages as investments rather than have any interest in managing the mortgages as banks used to do in the good old days (about a decade ago). I would have told the banks to sort out their mortgages and either work with …

  Posted to Saying “No Deal” to This New Deal

• • 06 Oct 08
  • 9:08 am

  Ah Scorp, Just as I predicted in another post, you returned to partis-insanely blame the Democrats. AND with repeated Republican talking points, which I've already heard numerous times. So, let's address the talking point concerning the Community Reinvestment Act. Show me the statistics of those helped and their foreclosure rate. Until you can do that, just stating a talking point you got somewhere else is nothing but propaganda AND a lack of skepticism on your part to any old talking point thrown your way. Oh, and the scorp crew can't wait to pick you up on election eve, we suspect with …

  Posted to Saying “No Deal” to This New Deal