2 posts tagged “auto bailout”
A wish for the world this holiday season. Peace to all and may our future be hopeful.
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 *****
PLEASE see the "LINKS" post for all links mentioned on today's show.
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.