2 posts tagged “auto bailout”

  A wish for the world this holiday season. Peace to all and may our future be hopeful.

Peace_symbol_6_l

Auto Bailout; Madoff; Senator Caroline? More Obama-noms

Merry Christmas to all and Happy Chanukah, Kwanzaa and Chinese New Year. (Did I leave anything out?) President Bush decided to rescue the auto industry to the tune of $17.4 billion  in loans. Bob says he punted the tough calls to Obama; Tony says what else could he do? Madoff made off with billions, and Bob agrees with Paul Krugman who said that these financial titans destroyed, not built, wealth. Tony defends capitalists against these charges. Will Caroline Kennedy be the next senator from NY? Should she be? What's this political aristocracy thing about? Matt thinks it's demoralizing. Tony says NY loves celebrity senators. Even if they're not qualified. Obama-noms are discussed. And by the way: have you heard there's a chance the White House bowling alley may be retooled as a basketball court??????

Sorry Arianna couldn't be here this week but we certainly want to hear from YOU!

MENTIONED ON TODAY'S SHOW
MATT'S BLOG!
mattmilleronline.com

New York Times Op-Ed Columnist
The Madoff Economy
By PAUL KRUGMAN
Published: December 19, 2008

The revelation that Bernard Madoff — brilliant investor (or so almost everyone thought), philanthropist, pillar of the community — was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to comprehend.The scale of his alleged $50 billion Ponzi scheme is hard to comprehend.

Yet surely I’m not the only person to ask the obvious question: How different, really, is Mr. Madoff’s tale from the story of the investment industry as a whole?

Charles Krauthammer's syndicated column
http://www.azstarnet.com/sn/printDS/272324

 ****    HAPPY THANKSGIVING EVERYONE   *****

Economy, Stocks/Auto Bailout/Obama’s Cabinet Picks

As the economy tanks, the panelists agree with a Paul Krugman column in today’s NYTimes (see links post, next one down), we don’t have 2 months to wait. Tony wants Obama -- knowing there’s only one president at a time – to take the lead and signal where he’s going with the economy since W can’t get traction and the Congress is less than useless. He calls the three testifying auto company execs nitwits for being so tone deaf …and calls Congress stupid for saying they’re not going to protect 3 million jobs because these 3 nitwits flew in on private jets. Obama must act now. Arianna says, get rid of the nitwits and put a general plan for restructuring in action. They talk about Hillary Clinton – Bob worries she might be a hawk – and Janet Napolitano – Tony says she’s not qualified… There’s a lot of action on today’s show. Tony’s rant is a madrigal – and it’s beautiful! (words in the Links post below this one). And please share your thoughts.

Next week's show is: The Future of Capitalism: Which Way Now? A think piece for the holiday.