Tag Archives: Great Depression

Gold (for those with no) Standards

From THINK PROGRESS:

Conservative lawmakers across the country seem determined to crucify mankind upon a cross of gold. In the past week, a string of articles have exposed how once-fringe conservative economic theories have migrated into the political mainstream — with alarming consequences.

Perhaps the most obvious example is the conservative gold craze, which is based on apocalyptic beliefs that the U.S. dollar is on the verge of collapse, runaway inflation is imminent, and gold is a more stable and reliable currency than paper money. The tough economic times have spurred many Tea Partiers in particular to rush to invest in gold, pushing its price to a record high. Glenn Beck and other talk show hosts frequently advertise gold on their shows — along with fallout shelters — “as a way to weather the end of the world as we know it.”  And presidential contender Ron Paul (R-TX), who was made chairman of the House committee overseeing federal monetary policy, has long advocated returning to the gold standard and abolishing the Federal Reserve.

This month Utah became the first state in the country to officially recognize gold and silver coins as legal currency:

Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being “as good as gold.”

…snip…

The idea was spawned by Republican state Rep. Brad Galvez, who sponsored the bill largely to serve as a protest against Federal Reserve monetary policy. Galvez says Americans are losing faith in the dollar. If you’re mad about government debt, ditch the cash.

Original DVD cover
Continue reading

30 Comments

Filed under Congress, humor, Idaho, movies, parody, politics, Republicans, Ron Paul, snark, Wordpress Political Blogs

Summers’ Time and the Leaving is Easy

From The Washington Post:

President Obama‘s top economic adviser, Lawrence H. Summers, will step down as director of the National Economic Council after the November elections and return to a teaching post at Harvard University, the White House announced Tuesday.

The departure of Summers, 55, will complete the turnover of three of Obama’s four top economic advisers as the administration struggles with the political fallout of a stubbornly weak economy.


Original DVD cover
Continue reading

22 Comments

Filed under Barack Obama, Ben Bernanke, Bill Clinton, Congress, humor, John Boehner, movies, parody, politics, Republicans, Senate, snark, State Department, Wordpress Political Blogs

Stimu-less

From The Philadelphia Inquirer:

A small group of moderate senators including Arlen Specter (R., Pa.) reached the deal that appeared to assure Senate passage of an economic stimulus bill yesterday after more than 10 hours of near-constant private meetings.

Specter was in the middle of the action, with many critical talks occurring in his private “hideaway” office on the first floor of the Capitol.

Nobody involved was really happy, but there was a consensus that the group did not want to say no to the president or an anxious nation.

…snip…

In announcing that a tentative deal had been reached, Majority Leader Harry Reid (D., Nev.) credited Specter and Sens. Susan Collins (R., Maine), Ben Nelson (D., Neb.) and Joe Lieberman (I., Conn.) with saving the package.

“But for them we would not be here,” Reid said, yielding the floor to the Gang of Four to detail the agreement.


Original DVD cover.
Continue reading

36 Comments

Filed under 2008 election, Arlen Specter, Barack Obama, Ben Nelson, Democrats, Dick Durbin, Harry Reid, humor, Joe Lieberman, Mitch McConnell, movies, Olympia Snowe, parody, politics, Republicans, Senate Finance Committee, snark, Susan Collins, Wordpress Political Blogs

I Wonder how $520 Ferragamo Loafers Taste

From the Interational Herald Tribune:

WASHINGTON: Republican John McCain has maneuvered himself into a political dead end and has five weeks to find his way out.


Original DVD cover.
Continue reading

10 Comments

Filed under 2008 election, Barack Obama, Chimpy, Congress, Democrats, George W. Bush, humor, John Boehner, John McCain, movies, Nancy Pelosi, parody, politics, Republicans, snark, Wordpress Political Blogs

Conservative Estimates

George Will (Washington Post):

Under the pressure of the financial crisis, one presidential candidate is behaving like a flustered rookie playing in a league too high. It is not Barack Obama.

…snip…

It is arguable that, because of his inexperience, Obama is not ready for the presidency. It is arguable that McCain, because of his boiling moralism and bottomless reservoir of certitudes, is not suited to the presidency. Unreadiness can be corrected, although perhaps at great cost, by experience. Can a dismaying temperament be fixed?

theshrimponthebarbie
Original DVD cover.
Continue reading

17 Comments

Filed under 2008 election, Barack Obama, Chimpy, George W. Bush, George Will, humor, John McCain, Katie Couric, Media, movies, parody, politics, Republicans, Sarah Palin, Sean Hannity, snark, Wordpress Political Blogs

Lipstick Bungle

Kids, didya see the Katie Couric’s big interview of Princess Sarah? Sarah was fully prepared….but for different questions.

Katie asked about Rick Davis, Captain Underpants’s campaign manager, and his receiving money from Freddie Mac until last month. Here’s the transcript from CBS News:

Sarah Palin: My understanding is that Rick Davis recused himself from the dealings of the firm. I don’t know how long ago, a year or two ago that he’s not benefiting from that. And you know, I was – I would hope that’s not the case.

Katie Couric: But he still has a stake in the company so isn’t that a conflict of interest?

Palin: Again, my understanding is that he recused himself from the dealings with Freddie and Fannie, any lobbying efforts on his part there. And I would hope that’s the case because, as John McCain has been saying, and as I’ve on a much more local level been also rallying against is the undue influence of lobbyists in public policy decisions being made.

I have misplaced my $hithead-to-English dictionary, so if anyone can translate that last part for me, I would be very grateful.
materialgirl
Original DVD cover.
Continue reading

24 Comments

Filed under 2008 election, Barack Obama, Congress, humor, John McCain, Katie Couric, movies, parody, politics, Republicans, Sarah Palin, Senate Commerce Committee, snark, Wordpress Political Blogs