Tag Archives: ethics

Obama: Run the Goddamned Option!

The following is text I composed for the “Additional message to President Obama” field, after I had signed my name to CredoAction.com’s petition “Tell Obama: The public option is not optional.” I urge all of you who read this while the health care reform issue is still current to do the same. Unless you don’t agree with me. No, fuck that — if you don’t agree I still want you to sign it.

If you punt on the public option, this whole initiative will have been in vain. All that would be left in the bill would be the window dressing. Window dressing, without a bloody *window*! …

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The Fed Gets in Bed with AIG

Another day, another eighty-five billion dollars. If you’ve had your back turned, or your earbuds in, or you’ve been transfixed by Sarah Palin’s boobs the last week or two you may not have noticed the Federal Reserve opening its checkbook. $85 billion for insurance behemoth AIG, $70 billion more to feed into the market so that credit won’t totally evaporate, and last week’s credit lines of up to $100 billion each to bail out mortgage guarantors Fannie Mae and Freddie Mac. Congratulations, fellow taxpayers – for the low, low price of $350 billion we are now the proud owners of three huge, insolvent companies.

If you’re wondering how this is a good investment, the answer is, it’s not. [...READ ON...] Continue reading

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