Uncle Sam the Loan Shark

I must admit - I’m totally dumbfounded and stunned today by the article I read in the Wall Street Journal entitled, “The Paulson Plan will make Money,” by Andy Kessler. Essentially, Kessler’s argument is that somehow in all of this mess, the money spent in the proposed financial intervention plan before Congress will actually result in a windfall to the taxpayer in potentially trillions of dollars. This argument is fundamentally flawed - for it if were true, there would be no investment/financial services crisis to force the government’s hand.

Reserve Money Market Fund Collapses as Lehman default spreads through the market’s balance sheets.

The “Reserve Primary Fund”, just saw its shares fall below $1 a share. For all intensive purposes - this means that the money market fund has collapsed. This is the first, and perhaps most cataclysmic implosion following the wake of Lehman Brother’s collapse Monday morning.

Polling “bounce” from the RNC Convention?

After a brief breach of the 50% marker according to Gallup, both Rasmussen Reports and the Gallup Daily Tracking now show McCain/Palin in a close race with Obama/Biden, following Sen. McCain’s acceptance speech at the RNC Convention in St. Paul, Minnesota. Is this a “bounce” out of the RNC Convention? Probably not.
On Tuesday of this [...]

The “Barracuda” takes on the “Messiah”… in the quest for national ratings.

Vice Presidential nominee, Gov. Sarah Palin’s highly anticipated speech at the Republican National Convention on Wednesday for all intensive purposes matched the record-setting numbers of Democratic presidential nominee Barack Obama.

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Barrack Obama on CNN and Fox News

The CNN link:
http://www.cnn.com/video/?/video/politics/2008/03/15/cooper.obama.pastor.intv.cnn
The Fox News link:
http://www.breitbart.tv/html/62894.html
I think that Senator Obama has essentially done all he can now to clearly differentiate himself from Rev. Wright. While I know the talk show media will continue to make hay of this… I think he’s done about all he can do.
I think the Fox interview was quite good. Having [...]