The AIG Bonus Shenanigan

The Notion of Fact v. The Idea of Fiction: The Pirates of the AIG and the Tragedy of American Democracy    
By Jimmy M.
 As of two weeks ago, President Obama’s bailout to the banking industries passed giving the endangered banks some much needed help. AIG, one of the banks that received a portion of the bailout [...]

The Fate of Capitalism

In recent weeks, the soupe du jour news story is the $165 million bonus that AIG is giving out to its employees. Senators and representatives have been fighting ferociously over the legitimacy of the bonus on Capitol Hill. To tax, or not to tax? As the public anxiously awaits some kind of poetic justice on [...]

Picture of the Day

Laissez Faire and Hong Kong

In the book Free to Choose, Milton Friedman believes the best example of Laissez Faire that we have today is Hong Kong. “A speck of land next to mainland China containing less than 400 square miles with a popluation of 4.5m people… The density of population is 185 times as many people per square mile [...]

Glenn Beck and “American Communism”

The Notion of Fact v. The Idea of Fiction:
Glenn Beck Revisited and his “protection”under the First Amendment
By Jimmy M.

Sometimes politics can be scary, so scary that I occasionally find myself glancing at an article and briefly skimming through its content until the author writes a tasteless and quite frankly, ignorant remark. When this situation [...]

Daily Stupid

Our new secretary of state, Hillary Clinton, still has not learned that you cannot negotiate with terrorists. Syria is a terrorist state that harbors, supports and encourages terrorism. For her to think that if we open up diplomatic relations with Syria, they will become an ally with the U.S. and Israel against Iran, is absolutely [...]

A Little Story

Alexander Hamilton once visited Thomas Jefferson at his house. In Jefferson’s study, Hamilton noticed the portraits of 3 men on the wall. He asked Jefferson who they were.
Jefferson responds that those 3 men are the people he considered to be the greatest mortals who ever walked the earth–Sir Francis Bacon, Sir Isaac Newton, and John [...]

U.S. senator wants Fed to name loan recipients

From Reuters UK:
WASHINGTON, March 3 (Reuters) – A U.S. senator berated Federal Reserve Chairman Ben Bernanke on Tuesday for refusing to name banks that borrow from the central bank and introduced legislation that would require public disclosure.
In a testy exchange at a hearing before the Senate Budget Committee, Vermont Sen. Bernie Sanders, an independent who [...]

Rush’s Style Over Substance

Conservatism is people!
That conservatives have already soured on Obama and his big spending agenda is understandable, but in flocking to cheer a very charismatic, yet non-specific and vague political figure in Rush Limbaugh, CPAC 2009 wasn’t different from any Obama rally in 2008. Limbaugh used to complain that liberals value “style over substance.” Today, apparently [...]