Entries by emptywheel

Breaking the Consumption Addiction

Economics Professor Atrios notices that the housing industry is–predictably–asking for its share of the bailout and points out that it’s probably not a good idea to try to reinflate the housing bubble.

Department Of Really Bad Ideas

While I’ve been more than a little skeptical about Treasury and Fed shotgunning trillions to their rich friends, there are at least germs of arguments here and there for

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Saving Citi But Not GM

I don’t know which is more insulting to Detroit, as Congress makes the automakers grovel for a bailout. That in one night, with no oversight from Congress, Treasury just risked $300 billion of support for Citigroup. Or that, on top of that, Citi got $20 billion in funds from TARP–more for just one company than any one of the Big Two and a Half had requested?

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Richard Shelby Wants To Place US Government In Bankruptcy And Eliminate Military Pensions And Benefits

Seriously. He must be saying that, right?Let me draw an analogy that will drive people nuts. What about military pensions and benefits after retirement? Well, come on what about it blowhards that are so quick to call for trashing the pensions and benefits of the auto workers, are you also arguing to trash and burn the same for those in the military???Because, there is a lot of yammering about how the

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Forty Five Years

Where were you forty five years ago today? If you were old enough to remember at all, then you undoubtedly remember where you were on Friday November 22, 1963 at 12:30 pm central standard time.

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