Making numerical sense of the “bailout”

I’m sitting here, stunned by the amount of money that is about to be casually taken out of the U.S. Treasury to “save” the economy.  I’m highly suspicious.  I’m not sure this taxpayer revenue is needed or that it is any more than a band-aid.  Surely, Wall Street (or other…

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George Bush has fixed our ailing economy!

Thanks, President Bush, for taking care of the problem!  Now all let's get back to our wasteful, ignorant, self-indulgent American lives!  Let's add another new big screen TV to the credit card! What else is a reader of the St. Louis Post-Dispatch supposed to think when scanning this headline: "Stock…

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Barack Obama’s economic Plan

What is Barack Obama's plan?  He's got it boiled down to two-minutes, in this spot which he is now running. Compare and contrast Obama's plan to McCain's repeated statement that the fundamentals of the American economy are strong: [youtube]http://www.youtube.com/watch?v=oWMVW_82dQ8&eurl=http://www.crooksandliars.com/[/youtube] I wonder if McCain is relying on the fake economic data…

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15 Reasons John McCain is Too Ignorant To Be President

John McCain is… 1.) Ignorant on the economy. And see here. 2.) Ignorant on foreign policy. And see here. 3.) Ignorant on birth control. 4.) Ignorant of the truth. And see here and here. 5.) Ignorant of what’s important to veterans and votes against veterans. 6.) Ignorant of the laws…

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Question the significance of the “gross domestic product” (GDP)

I just finished reading a terrifically clear and concise article on measuring "the economy" by Jonathan Rowe, published by Harpers. It is entitled "Our Phony Economy." Please allow me to set the scene. Haven't you wondered why politicians and the news media so often obsess about the rising and falling…

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