Political Bloviation

All-stars - Paul Krugman - Op-Ed Columnist - New York Times Blog
Krugman nails exactly what I was thinking when I heard that Clinton wants Greenspan on a blue ribbon commission to find a solution to the mortgage crisis. Hey, let’s appoint Wiley E. Coyote to build effective road-runner traps! That will solve everything!! Hooray, let’s [...]

The Face-Slap Theory - New York Times
Krugman is nervous, well more so than usual. He reports the Fed may end up taking $200 billion in mortgage backed securities that no one wants and that may not be enough to make difference. Margin calls all around.

Things are not looking up:
Net Loss of 17,000 Jobs in January Is First Since 2003 - New York Times
U.S. employers unexpectedly cut 17,000 non-farm jobs in January, the first time in nearly 4-1/2 years that U.S. payrolls shrank as fading construction and manufacturing sectors reflected the economy’s waning momentum.
Paul Krugman clarifies the situation:
You shouldn’t take [...]

Stimulus? Never mind - Paul Krugman
What a bunch total of wankers. So they’re going to hold a stimulus package up until the Dems agree to make the Bush tax cuts permanent. I mean they worked soooo well before. Obviously we need to bankrupt the federal government because the ultra wealthy aren’t ultra wealthy enough and [...]

The economy seems to be circling the drain. Check out Paul Krugman’s op-ed column from today’s NY Times:
The unemployment report on Friday was brutally bad. Unemployment rose in December, while job creation was minimal — and it’s highly likely, for technical reasons, that the job number will be revised down, showing an actual decline in [...]