Postcards from the Bleeding Edge
Monday, September 29, 2008

  228 members of congress grow some balls

And refuse to pass the Wall Street Enrichment Act, even with the TARP (satirically renamed "TRAP") provisions.

It rather encourages me that some members of Congress are unwilling to spend a year's worth of WWII in a single day. I'm not shocked it was so few, I was downright surprised that a majority refused....

If the Senate can't vote until Wednesday at the earliest, why the rush to vote in the House? Let the representatives of the people - AND THE PEOPLE - read the darn bill before voting on it, for a change. The last rush vote I recall was the Patriot Act, and we know how that turned out.

So far as I can tell from here, capitalism continues to work, overexposed banks are being bought by saner banks at enormous writedowns on assets without it costing the taxpayer a cent.

Regional banks are doing ok. People are still doing their daily lives. There are still help wanted ads. Wall Street isn't Main Street, and NYC is not the center of the world, despite what some think.

Compared with the true cost of handing over financial control of the country to five elite bankers, shortly before a major election, a little delay and thought before fully embracing fascism is in order, don't you think?

Here's some Ron Paul for ya - on Bush's speech and on the House floor this morning, not that you'll see a word of his quoted in the mainstream press.

Paulson said one thing, early on, that really tweaked me. He said: "Credit is the lifeblood of the economy" - and I said, at maximum volume, at 2 in the morning -

And debt is the Albatross hung around all our necks!!



Oh, yea, before I forget, in the middle of all this kerfuffle Congress passed another 600+billion spending bill, with a major increase of military spending for the occupation of Iraq, and also agreed to hand over 25 billion to the automakers.

Where in God's name is the money for any of this going to come from? Can't anybody add?

Bonus link: The Rime of the Ancient Mariner

Update: US savings deposits spiked sharply upward in the 2nd quarter. And people were always bitching about the US having the lowest savings rate in the world.



Hey! We're saving money in banks and not investing in wall street! That sounds prudent. I wonder in what banks those deposits are going?

Labels: , ,

 
Comments: Post a Comment

Links to this post:

Create a Link



<< Home
David Täht writes about politics, space, copyright, the internet, audio software, operating systems and surfing.


Resume,Songs,
My new blog, NeX-6, My facebook page
Orgs I like
The EFF - keeping free speech in the world
Musical stuff I like
Jeff, Rick, Ardour, Jack
Prior Rants - The shell game SpaceX makes orbit! Sunday comics Which Hunt? Weapons of Mass distraction used to shield PRO-IP ... A few signs of sanity Let Wall Street wither Monday grabbag Nationalizing Fannie and Freddie I'll play anywhere, even the floor
Best of the blog:
Uncle Bill's Helicopter - A speech I gave to ITT Tech - Chicken soup for engineers
Beating the Brand - A pathological exploration of how branding makes it hard to think straight
Inside the Internet Mind - trying to map the weather within the global supercomputer that consists of humans and google
Sex In Politics - If politicians spent more time pounding the flesh rather than pressing it, it would be a better world
Getting resources from space - An alternative to blowing money on mars using NEAs.
On the Columbia - Why I care about space
Authors I like:
Doc Searls
Where's Cherie?
UrbanAgora
Jerry Pournelle
The Cubic Dog
Evan Hunt
The Bay Area is talking
Brizzled
Zimnoiac Emanations
Eric Raymond
Unlocking The Air
Bob Mage
BroadBand & Me
SpaceCraft
Selenian Boondocks
My Pencil
Transterrestial Musings
Bear Waller Hollar
Callahans
Pajamas Media BlogRoll Member

If you really want to, you can poke through the below links as well.

ARCHIVES
06/09/2002 - 06/16/2002 / 07/28/2002 - 08/04/2002 / 08/11/2002 - 08/18/2002 / 08/18/2002 - 08/25/2002 / 08/25/2002 - 09/01/2002 / 09/22/2002 - 09/29/2002 / 11/10/2002 - 11/17/2002 / 12/15/2002 - 12/22/2002 / 12/22/2002 - 12/29/2002 / 12/29/2002 - 01/05/2003 / 01/05/2003 - 01/12/2003 / 01/19/2003 - 01/26/2003 / 01/26/2003 - 02/02/2003 / 02/09/2003 - 02/16/2003 / 02/16/2003 - 02/23/2003 / 03/02/2003 - 03/09/2003 / 03/16/2003 - 03/23/2003 / 04/06/2003 - 04/13/2003 / 04/13/2003 - 04/20/2003 / 04/20/2003 - 04/27/2003 / 05/04/2003 - 05/11/2003 / 05/18/2003 - 05/25/2003 / 05/25/2003 - 06/01/2003 / 06/01/2003 - 06/08/2003 / 06/08/2003 - 06/15/2003 / 06/15/2003 - 06/22/2003 / 06/22/2003 - 06/29/2003 / 06/29/2003 - 07/06/2003 / 07/20/2003 - 07/27/2003 / 07/27/2003 - 08/03/2003 / 08/03/2003 - 08/10/2003 / 08/10/2003 - 08/17/2003 / 08/17/2003 - 08/24/2003 / 08/24/2003 - 08/31/2003 / 08/31/2003 - 09/07/2003 / 09/07/2003 - 09/14/2003 / 09/14/2003 - 09/21/2003 / 09/21/2003 - 09/28/2003 / 09/28/2003 - 10/05/2003 / 10/05/2003 - 10/12/2003 / 10/12/2003 - 10/19/2003 / 10/19/2003 - 10/26/2003 / 10/26/2003 - 11/02/2003 / 11/02/2003 - 11/09/2003 / 11/09/2003 - 11/16/2003 / 11/30/2003 - 12/07/2003 / 12/07/2003 - 12/14/2003 / 12/14/2003 - 12/21/2003 / 12/28/2003 - 01/04/2004 / 01/11/2004 - 01/18/2004 / 01/18/2004 - 01/25/2004 / 01/25/2004 - 02/01/2004 / 02/01/2004 - 02/08/2004 / 02/08/2004 - 02/15/2004 / 02/15/2004 - 02/22/2004 / 02/22/2004 - 02/29/2004 / 02/29/2004 - 03/07/2004 / 03/14/2004 - 03/21/2004 / 03/21/2004 - 03/28/2004 / 03/28/2004 - 04/04/2004 / 04/04/2004 - 04/11/2004 / 04/11/2004 - 04/18/2004 / 04/18/2004 - 04/25/2004 / 04/25/2004 - 05/02/2004 / 05/02/2004 - 05/09/2004 / 05/09/2004 - 05/16/2004 / 05/16/2004 - 05/23/2004 / 05/30/2004 - 06/06/2004 / 06/06/2004 - 06/13/2004 / 06/13/2004 - 06/20/2004 / 06/20/2004 - 06/27/2004 / 06/27/2004 - 07/04/2004 / 07/04/2004 - 07/11/2004 / 07/11/2004 - 07/18/2004 / 07/18/2004 - 07/25/2004 / 08/08/2004 - 08/15/2004 / 08/22/2004 - 08/29/2004 / 08/29/2004 - 09/05/2004 / 09/05/2004 - 09/12/2004 / 09/19/2004 - 09/26/2004 / 09/26/2004 - 10/03/2004 / 10/03/2004 - 10/10/2004 / 10/10/2004 - 10/17/2004 / 10/17/2004 - 10/24/2004 / 10/24/2004 - 10/31/2004 / 10/31/2004 - 11/07/2004 / 11/07/2004 - 11/14/2004 / 11/14/2004 - 11/21/2004 / 11/21/2004 - 11/28/2004 / 11/28/2004 - 12/05/2004 / 12/05/2004 - 12/12/2004 / 12/12/2004 - 12/19/2004 / 12/19/2004 - 12/26/2004 / 12/26/2004 - 01/02/2005 / 01/02/2005 - 01/09/2005 / 01/16/2005 - 01/23/2005 / 01/23/2005 - 01/30/2005 / 01/30/2005 - 02/06/2005 / 02/06/2005 - 02/13/2005 / 02/13/2005 - 02/20/2005 / 02/20/2005 - 02/27/2005 / 02/27/2005 - 03/06/2005 / 03/06/2005 - 03/13/2005 / 03/27/2005 - 04/03/2005 / 04/03/2005 - 04/10/2005 / 04/10/2005 - 04/17/2005 / 05/29/2005 - 06/05/2005 / 06/05/2005 - 06/12/2005 / 06/12/2005 - 06/19/2005 / 06/19/2005 - 06/26/2005 / 06/26/2005 - 07/03/2005 / 07/03/2005 - 07/10/2005 / 07/10/2005 - 07/17/2005 / 07/24/2005 - 07/31/2005 / 07/31/2005 - 08/07/2005 / 08/07/2005 - 08/14/2005 / 08/14/2005 - 08/21/2005 / 08/21/2005 - 08/28/2005 / 08/28/2005 - 09/04/2005 / 09/04/2005 - 09/11/2005 / 09/11/2005 - 09/18/2005 / 09/18/2005 - 09/25/2005 / 09/25/2005 - 10/02/2005 / 10/02/2005 - 10/09/2005 / 10/09/2005 - 10/16/2005 / 10/16/2005 - 10/23/2005 / 10/23/2005 - 10/30/2005 / 10/30/2005 - 11/06/2005 / 11/06/2005 - 11/13/2005 / 11/13/2005 - 11/20/2005 / 11/20/2005 - 11/27/2005 / 11/27/2005 - 12/04/2005 / 12/04/2005 - 12/11/2005 / 12/11/2005 - 12/18/2005 / 12/18/2005 - 12/25/2005 / 01/01/2006 - 01/08/2006 / 01/08/2006 - 01/15/2006 / 01/15/2006 - 01/22/2006 / 01/22/2006 - 01/29/2006 / 01/29/2006 - 02/05/2006 / 02/19/2006 - 02/26/2006 / 03/05/2006 - 03/12/2006 / 03/19/2006 - 03/26/2006 / 03/26/2006 - 04/02/2006 / 04/02/2006 - 04/09/2006 / 04/09/2006 - 04/16/2006 / 04/23/2006 - 04/30/2006 / 05/07/2006 - 05/14/2006 / 05/14/2006 - 05/21/2006 / 05/21/2006 - 05/28/2006 / 06/04/2006 - 06/11/2006 / 06/11/2006 - 06/18/2006 / 06/18/2006 - 06/25/2006 / 06/25/2006 - 07/02/2006 / 07/02/2006 - 07/09/2006 / 07/09/2006 - 07/16/2006 / 07/23/2006 - 07/30/2006 / 08/06/2006 - 08/13/2006 / 08/13/2006 - 08/20/2006 / 09/03/2006 - 09/10/2006 / 09/17/2006 - 09/24/2006 / 09/24/2006 - 10/01/2006 / 10/01/2006 - 10/08/2006 / 10/22/2006 - 10/29/2006 / 11/19/2006 - 11/26/2006 / 11/26/2006 - 12/03/2006 / 12/03/2006 - 12/10/2006 / 12/10/2006 - 12/17/2006 / 12/17/2006 - 12/24/2006 / 12/24/2006 - 12/31/2006 / 01/07/2007 - 01/14/2007 / 01/14/2007 - 01/21/2007 / 01/28/2007 - 02/04/2007 / 02/11/2007 - 02/18/2007 / 02/18/2007 - 02/25/2007 / 02/25/2007 - 03/04/2007 / 03/04/2007 - 03/11/2007 / 03/18/2007 - 03/25/2007 / 04/01/2007 - 04/08/2007 / 04/08/2007 - 04/15/2007 / 04/15/2007 - 04/22/2007 / 04/22/2007 - 04/29/2007 / 04/29/2007 - 05/06/2007 / 05/06/2007 - 05/13/2007 / 05/20/2007 - 05/27/2007 / 05/27/2007 - 06/03/2007 / 06/03/2007 - 06/10/2007 / 06/10/2007 - 06/17/2007 / 06/17/2007 - 06/24/2007 / 07/01/2007 - 07/08/2007 / 07/08/2007 - 07/15/2007 / 07/22/2007 - 07/29/2007 / 07/29/2007 - 08/05/2007 / 08/05/2007 - 08/12/2007 / 08/26/2007 - 09/02/2007 / 09/09/2007 - 09/16/2007 / 09/23/2007 - 09/30/2007 / 09/30/2007 - 10/07/2007 / 10/07/2007 - 10/14/2007 / 10/14/2007 - 10/21/2007 / 10/21/2007 - 10/28/2007 / 10/28/2007 - 11/04/2007 / 11/04/2007 - 11/11/2007 / 11/11/2007 - 11/18/2007 / 11/18/2007 - 11/25/2007 / 11/25/2007 - 12/02/2007 / 12/02/2007 - 12/09/2007 / 12/09/2007 - 12/16/2007 / 12/16/2007 - 12/23/2007 / 12/23/2007 - 12/30/2007 / 01/06/2008 - 01/13/2008 / 02/03/2008 - 02/10/2008 / 02/17/2008 - 02/24/2008 / 02/24/2008 - 03/02/2008 / 03/02/2008 - 03/09/2008 / 03/09/2008 - 03/16/2008 / 03/16/2008 - 03/23/2008 / 03/23/2008 - 03/30/2008 / 03/30/2008 - 04/06/2008 / 04/20/2008 - 04/27/2008 / 04/27/2008 - 05/04/2008 / 05/04/2008 - 05/11/2008 / 05/11/2008 - 05/18/2008 / 05/18/2008 - 05/25/2008 / 05/25/2008 - 06/01/2008 / 06/01/2008 - 06/08/2008 / 06/08/2008 - 06/15/2008 / 06/15/2008 - 06/22/2008 / 06/22/2008 - 06/29/2008 / 07/06/2008 - 07/13/2008 / 07/13/2008 - 07/20/2008 / 07/20/2008 - 07/27/2008 / 07/27/2008 - 08/03/2008 / 08/03/2008 - 08/10/2008 / 08/10/2008 - 08/17/2008 / 08/17/2008 - 08/24/2008 / 08/31/2008 - 09/07/2008 / 09/07/2008 - 09/14/2008 / 09/14/2008 - 09/21/2008 / 09/21/2008 - 09/28/2008 / 09/28/2008 - 10/05/2008 / 10/05/2008 - 10/12/2008 / 10/12/2008 - 10/19/2008 / 10/19/2008 - 10/26/2008 / 10/26/2008 - 11/02/2008 / 11/02/2008 - 11/09/2008 / 11/09/2008 - 11/16/2008 / 11/16/2008 - 11/23/2008 / 12/07/2008 - 12/14/2008 / 12/21/2008 - 12/28/2008 / 12/28/2008 - 01/04/2009 / 01/18/2009 - 01/25/2009 / 01/25/2009 - 02/01/2009 / 03/22/2009 - 03/29/2009 / 05/10/2009 - 05/17/2009 / 05/17/2009 - 05/24/2009 / 05/31/2009 - 06/07/2009 / 06/14/2009 - 06/21/2009 / 06/21/2009 - 06/28/2009 / 06/28/2009 - 07/05/2009 / 07/05/2009 - 07/12/2009 / 07/12/2009 - 07/19/2009 / 07/26/2009 - 08/02/2009 / 08/09/2009 - 08/16/2009 / 08/23/2009 - 08/30/2009 / 09/06/2009 - 09/13/2009 / 09/20/2009 - 09/27/2009 / 09/27/2009 - 10/04/2009 / 10/04/2009 - 10/11/2009 / 10/11/2009 - 10/18/2009 / 10/18/2009 - 10/25/2009 / 10/25/2009 - 11/01/2009 / 11/29/2009 - 12/06/2009 / 12/27/2009 - 01/03/2010 / 01/31/2010 - 02/07/2010 / 02/07/2010 - 02/14/2010 / 02/28/2010 - 03/07/2010 / 03/07/2010 - 03/14/2010 / 03/28/2010 - 04/04/2010 / 04/18/2010 - 04/25/2010 / 05/16/2010 - 05/23/2010 / 05/30/2010 - 06/06/2010 / 06/13/2010 - 06/20/2010 / 06/20/2010 - 06/27/2010 / 07/04/2010 - 07/11/2010 / 07/11/2010 - 07/18/2010 / 07/18/2010 - 07/25/2010 / 08/08/2010 - 08/15/2010 / 08/29/2010 - 09/05/2010 / 09/05/2010 - 09/12/2010 / 09/19/2010 - 09/26/2010 / 09/26/2010 - 10/03/2010 / 10/10/2010 - 10/17/2010 / 10/17/2010 - 10/24/2010 / 10/31/2010 - 11/07/2010 / 11/28/2010 - 12/05/2010 / 12/05/2010 - 12/12/2010 / 12/12/2010 - 12/19/2010 / 12/26/2010 - 01/02/2011 / 03/06/2011 - 03/13/2011 / 03/13/2011 - 03/20/2011 / 05/22/2011 - 05/29/2011 / 08/07/2011 - 08/14/2011 / 08/14/2011 - 08/21/2011 / 09/18/2011 - 09/25/2011 / 10/02/2011 - 10/09/2011 / 10/09/2011 - 10/16/2011 / 11/06/2011 - 11/13/2011 / 01/15/2012 - 01/22/2012 / 04/22/2012 - 04/29/2012 / 06/24/2012 - 07/01/2012 / 08/05/2012 - 08/12/2012 / 08/11/2013 - 08/18/2013 / 03/01/2015 - 03/08/2015 / 10/04/2015 - 10/11/2015 / 11/08/2015 - 11/15/2015 /


Powered by Blogger