Posts Tagged: Congress

Snip: Our “proposal for tougher financial regulation…sounds interesting and is very much worth reading.” But he does quibble with our “overtoughly tough” words for Frank and Dodd.
Check it out here.

We think Geithner et al are wrong and that unemployment will decline substantially this year. Both theory and experience argue business investment not consumer spending is the essential driver of recovery. Now that most businesses of significant size can borrow again investments that have been postponed for almost two years now have to come soon.
 If [...]

Bernanke goes all Obama; lays out plan to tighten-up. . . someday. Not saying he is wrong to keep rates low for now; just that making promises to reform someday is a very un-Fed-like, and very politician-like.
If we thought the Administration was serious about coordinating banking reform with Europe, then we’d be scared.  Wait a [...]

Here’s the President’s problem. It’s not just that he is far to the left of the average American. It’s that for all his high-mindedness he is operating in a different ethical scheme than most Americans—and he does not seem to know it.
What the President really seems to regard as the defense of high principle Americans [...]

// < ![CDATA[
var gaJsHost = (("https:" == document.location.protocol) ? "https://ssl." : "http://www."); document.write(unescape("%3Cscript src='" + gaJsHost + "google-analytics.com/ga.js' type='text/javascript'%3E%3C/script%3E"));
// ]]>
// < ![CDATA[
try { var pageTracker = _gat._getTracker("UA-12608717-1"); pageTracker._trackPageview(); } catch(err) {}
// ]]>The drive to off Bernanke, like 99.9 percent of the stuff we hear coming out of Washington right now is just one [...]