United Liberty
Citigroup
Do You Trust Turbo Tim?
Wed, 03/04/2009 - 7:34am | posted by William 'BJ' Lawson
Whom do you trust?
It’s an open question that I’ve been pondering for the past several weeks. The markets have been asking this question, as well — despite billions of additional borrowed money to bail out Citibank and protect AIG’s trading partners, we keep sliding to new lows as debt deflation continues.
Our Treasury Secretary, Turbo Tax Tim Geithner, sat in front of the Ways and Means Committee Tuesday to assure our representatives that his actions, and Obama’s budget proposal, are absolutely necessary to restore our economy. His favorite quote when confronted by pointed questions or painful anecdotes from our current crisis was, “That’s exactly why we need to…” [bail out AIG/increase the TARP/create the TALF/embrace a budget that forecasts a $1.75 trillion deficit].
Oh, really?
Nationalization, By Any Other Name
Mon, 03/02/2009 - 7:58am | posted by Katy Delay
The word “nationalization” has put fear and trembling into the American marketplace, and understandably so. It rings of socialism, of the European model, of the Third-Way progressive compromise. It’s the death knell of the American form of free-market capitalism that is the foundational pillar beneath our symbolic hegemony over the rest of the world.
Apparently our current administration and its Congress don’t believe this for a minute, because they haven’t yet caught onto the fact that the word needs more than just denial; it needs replacement.
