Thursday, December 22, 2011

A Central Bank Doing What It Should

The article closes with:

In the short run, Mr. Draghi has avoided disaster. In the longer run, it is hard to see a course that enables the peripheral countries to regain prosperity and competitiveness while keeping the single currency.

You just knew that they had to do something - they weren't going to let it end (the Euro) in a giant mess (although it probably still should and will - as he points out above). So we basically have a repeat of what the Fed did in America. But the Europeans named the banks at least - it didn't take three years and a FOIA request by Bloomberg to find it out. And there will be more lent no doubt...

Tuesday, December 20, 2011

“Who gives a crap about some imbecile?”

Yeah, this kind of attitude and PR are really going to help your case:

If successful businesspeople don’t go public to share their stories and talk about their troubles, “they deserve what they’re going to get,” said Marcus, 82, a founding member of Job Creators Alliance, a Dallas-based nonprofit that develops talking points and op-ed pieces aimed at “shaping the national agenda,” according to the group’s website. He said he isn’t worried that speaking out might make him a target of protesters.

“Who gives a crap about some imbecile?” Marcus said. “Are you kidding me?”

How about a boycott of the Home Depot? (Marcus is one of the co-founders). I wonder if any of his customers are so-called "imbeciles"?

What kills me is that these people rail and rail about their taxes as if they couldn't possibly pay more, when historically taxes on income at these levels is at an all time low. Just give us all a break already.

Thursday, December 15, 2011

All hail AMERICA!!!

Next time some flag waving neanderthal is berating you with chants of "USA, USA" pull up this link:

(AP) WASHINGTON - Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income.