The Financial Industry-Congressional Complex

In his farewell address to the nation on January 17, 1961 President Eisenhower warned the country to be vigilant about the relationship between the government, the armed forces, and the industries and commercial interests they support–what he called the “military-industrial complex.” Eisenhower spoke of what he called the “grave implications” of allowing the power and […]

Link Post: What I’m Reading Today

Here’s what I’m reading today and find interesting: TPM Muckraker:  Stanford may be hiring DeLay attorney  Raw Story: Texas Bill allows creationists to get Master of Science degree.  Geez…  Pollster: Zogby, compared to other national polls, shows bias even worse than Rasmussen. Politifact: Rep. Cynthia Lummis, R-Wyo., earns Pants on Fire award. Election officials in […]

A Little Friday Nikki Sixx

I recently rediscovered Motley Crue and Nikki Sixx watching this season’s episodes of LA Ink.  The central character in the show is Kat Von D, glamour girl of the tattooed set, who now dates Sixx. One episode talked about Sixx now being sober and I recalled him writing a memoir of his addictions and recovery […]

The Fed as Andy Griffith – Trying to Calm His Trembling Deputy

Yesterday, the Fed announced yet another aggressive program to increase the money supply and decrease interest rates.  It announced intent to purchase $750 billion of government backed mortgage securities on top of the $500 billion it’s already announced.  Additionally, it announced that it was buying $300 billion of long term treasury bonds. What’s going on […]