Tag: fiscal crisis

So here’s a fun headline: DA prepares to crack down on pot outlets

Front page headline, Los Angeles Times, Friday, October 9th: “DA prepares to crack down on pot outlets.”  Summary, analysis, in context.

(Crossposted at Big Orange)

Welcome to Monty Python’s Flying Bank Bailout Circus

In “The Big Dither” Paul Krugman warns:

There’s a growing sense of frustration, even panic, over Mr. Obama’s failure to match his words with deeds. The reality is that when it comes to dealing with the banks, the Obama administration is dithering. Policy is stuck in a holding pattern.

Here’s how the pattern works: first, administration officials, usually speaking off the record, float a plan for rescuing the banks in the press. This trial balloon is quickly shot down by informed commentators.  Then, a few weeks later, the administration floats a new plan. This plan is, however, just a thinly disguised version of the previous plan, a fact quickly realized by all concerned. And the cycle starts again.

Welcome to Monty Python’s Flying Bank Bailout Circus.  Everything is under control.  Nudge, nudge.  Wink, wink . . .    

financial crisis Pictures, Images and Photos

Say no more, say no more.