Archive for November, 2008
The Economist has an excellent piece up about the disturbing trends in the economy:
This compulsory return to thrift will be deeply painful; consumer spending and housing are almost three-quarters of GDP. Of the 1.2 million, or 0.9%, decline in jobs since December, about 700,000 are directly related to consumers: retail trade, transportation manufacturing and home-building. [...]
Right now, I am calling it: the Obama presidency will be a disaster, partly because of the legacy Bush left him, and the errors that he will make on his own, namely continuing to hand out money in order to “stimulate” the economy, as well as continuing the farcical “War on Terror” that Bush started, [...]
Normally, I’d be obliged to write my own material concerning the auto industry’s bailout (well, that’s for tomorrow!), but this piece (that was on the Delicious popular page) was way too good to pass up.
Linked from here.
…The lesson here: Unlike their counterparts GM and Ford, Toyota has always taken a long-term strategic view about their [...]
Just in case Bush and his Israeli followers start attacking Iran in the name of preemptively preventing a nuclear war, we should turn them in the direction of this NIE study (that’s National Intelligence Estimate, for the uninitiated). It’s not the full study, but it has all of the important conclusions.
The study says that:
We assess [...]
Well, it’s official: according the MSNBC, all US forces will be out of Iraq by the time 2012 rolls around.
(from the BBC)
Under the deal, US troops will withdraw from the streets of Iraqi towns next year, leaving Iraq by the end of 2011.
The decision will need to go before Iraq’s parliament for a final [...]
I’m not making this up.
The London Times reports:
With Russian tanks only 30 miles from Tbilisi on August 12, Mr Sarkozy told Mr Putin that the world would not accept the overthrow of Georgia’s Government. According to Mr Levitte, the Russian seemed unconcerned by international reaction. “I am going to hang Saakashvili by the balls,” Mr [...]
Magik Quilter, in the comments from yesterday’s post, proposed that I write about the girl from Hereford who won a case in which she decided that she’d avoid getting life saving heart surgery in order to “die with dignity”, reported here by the BBC.
First of all, I think this represents a wonderful step in the [...]
I’ll keep this short and sweet: you, the reader, get to pick tomorrow’s editorial. Leave a comment under this post and I’ll pick one submission to write an editorial about tomorrow.
Make the subject an unexpected one!
The BBC reports that Russia is willing to move the Iskander missiles it placed on its western border as long as the US removes the plans to build a missile shield in Poland.
Was there ever any doubt?
Russia’s foreign minister has said it will abandon plans to station missiles in Kaliningrad if the US does [...]
Why Capitalism Shouldn’t Die
November 15, 2008 in Politics
Tags: america, Capitalsim, Commentary, Communism, Conservatives, Economics, economy, Hypocrisy, Industry, Left, Liberals, military, Politics, USA, War
In the wake of the financial crisis that’s engulfing the world right now, there have been many on the Left that proclaim that capitalism will cease to exist, since it alone (in their deluded eyes) has caused this collapse.
I’m astonished at their ignorance and lack of gratitude for the monetary system that has, singlehandedly [...]