Monthly Archives: September 2008

Paulson’s Plan

I listened to Treasury Secretary Paulson a lot this morning as he explained the "plan."   Under his concept, the federal government will buy a great deal of presently worthless securitized mortgage debt, hold it for years and then sell it … Continue reading

Posted in The economy | 38 Comments

Saving the Yuppies

"Sec. 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."  NY Times ——————————————————– What is … Continue reading

Posted in The economy | 35 Comments

All politics is tribal?

"Our brains tend to remember facts that accord with our worldview, and discount statements that contradict it. In one Stanford study, 48 students, half of whom said they favored capital punishment and half of whom said they opposed it, were … Continue reading

Posted in Politics | 28 Comments

Jingle Bells, Jingle Bells….

"Just like a child wishing for a Wii or an Xbox on Christmas Day, the market was hoping for some sort of RTC [Resolution Trust Corp.] type of arrangement, and there it was underneath the Christmas tree," said Owen Fitzpatrick, … Continue reading

Posted in The economy | 34 Comments

’29 = ’08 ?

"As for Wall Street, Mr. McCain blamed the meltdown on “unbridled corruption and greed.” He called for a commission to find out what happened and propose solutions. His diagnosis and his cure are misguided. The crisis on Wall Street is … Continue reading

Posted in The economy | 68 Comments

Massive new registration in Virginia

"More than a quarter-million Virginians have registered to vote since the beginning of the year, and jurisdictions that have traditionally voted Democratic are registering voters at the fastest pace, according to statistics released Tuesday by the State Board of Elections. … Continue reading

Posted in Politics | 34 Comments

Open thread on the Economy

We are more or less standing on the edge of eternity in this economic and credit crisis.  The institutions that are dying in New York are the "connective tissue," the infrastructure of modern life. It is time to declare an … Continue reading

Posted in Current Affairs | 84 Comments

“An Existential Crisis” de Borchgrave

"Alarm bells suddenly went off in government offices from Washington to Ottawa to London to The Hague when Pakistan’s newly minted democratic government, after almost nine years of military rule, suddenly closed the border to all NATO resupply traffic to … Continue reading

Posted in Current Affairs | 30 Comments

Put the VP back in the box!

"David Addington, the vice president’s lawyer, kept in his office controlling documents that gave strategic direction to the nation’s largest spy agency." (By Melina Mara — The Washington Post) *************************************************************** "Addington’s behavior with the NSA auditors was "a wake-up call … Continue reading

Posted in Politics | 36 Comments

The SIOP and the Red SIOP

Her tutors really should tell Sarah about this soon. Maybe they don’t call it this anymore.  I am getting out of date.  Nevertheless, it still exists.  There was also the "Red SIOP,"  or more formally the "Red Single Integrated Strategic … Continue reading

Posted in The Military Art | 29 Comments