You are entitled to your own opinion, not your own facts
Stinker Shock: We're about to spend about $1 trillion and not even get a lousy T-shirt. The tax cut half will be ineffective ( & has been for years), alternative energy gets a tiny bit, and there is some funding to help the casualties - states, the unemployed, schools, but mostly it's poorly thought out pork. The $35 billion to be wasted playing "let's move!" should go into building walkable cities, not refinancing suburban sprawl. No leadership on the real problems: energy, global warming, sustainable economy.
Single Prayer: 59% of Americans want a single-payer health system, 49% feel it should cover all medical costs. Washington insiders - reading from insurance company lobbyists notes - say it can't happen. It could if those very same people weren't blocking the door.
Prophits: Exxon and Chevron are each keeping up their $20-plus billion annual spending on development projects. The suspicion is they think there's money to be made in the future, and not at a lowly $40 a barrel.
You Are There: Finally we commoners get to learn what Our Betters were told last September that got this whole panic started: US money markets lost $550 billion in an hour, the Treasury threw $105 billion at it to no effect, then closed the money accounts, and announced a $250,000 guarantee per account to stem the panic. Had they not acted, their estimate was that $5.5 trillion would have departed the US that day, leading to a complete collapse of the US markets, economy, and probably government. No wonder Paulson's knees were shaking.
Modernization: The rate of birth defects in China's coal-mining district has shot up 40% since 2001. Officials blame emissions from Shanxi's large coal and chemical industry for the problems there. Imagine.
Wait Watchers: The American economy is on a diet, the American consumer is cutting back on fattening SUVs and McMansions. Everything's shrinking: wages, portfolios, GDP, credit card payments, employment and, most seriously, expectations.
The Quote: "The major US money center banks will be nationalized. The only questions are when and how."
End of the Line: For the usual prize, explain what will be the next (and final) bubble - Treasuries or the US Dollar.
Friday the 13th. Part44: Another sequel, this time the dreaded Kleptocrats slither into costumes and pretend to be the New Team. Summers, Gates (and 150 underlings), Emanuel, Geithner, Judd Gregg, and on and on - a roll call of old politics and Wall Street mavens.
Red Nose, Big Feet: Starbucks, where 90% of the drinks cost under $4, is looking for a friendly mascot to push their new value meals
and kids koffee kits. Elsewhere, McDonald's same-store sales are up 7.1% . Ronald's not looking for a new gig.
Repeat After Me: If cutting taxes worked to build the economy, we should not be in this mess. Republicans have been cutting taxes forever. Our not learning from their mistakes is their trademark.
Unintended Benefit: States that use debit cards to disburse unemployment benefits are not only helping the unemployed (but not as much as they thought), they are also enriching the issuing banks, which charge $1.50 for each withdrawal, 40 cents to check the balance, even a buck a month if the card isn't used frequently enough to run up the other fees.
Re-Write: Given the ongoing specter of acrimony and divisiveness in Washington, some feel is time to do away with the filibuster. Others point out that the filibuster is the only barrier preventing a democratic dictatorship in the US. Or a Democratic one.
The Lazarus Project: The 'new" bank bailout plan is the old plan, only bigger. The poorest managers of the shakiest banks get priority access to taxpayer pockets. The government makes a hollow threat to take over these banks in seven years, maybe, with cosmetic caps on salaries to fool the public. Government will pay way too much for assets that will soon be worthless.
There Will Be a Short Pause: Among the many problems with fuel cell salvation is this: the most promising type depends on platinum, they cost $10,000 and - zinger - there's not enough platinum. Write your Congressman.
Porn O'Graph: Why our debts will never be repaid.