Flametoad

I know talking about the budget is passe now that the zombie apocalypse swine flu outbreak is selling newspapers (or, you know, air time or whatever), but this video about the president’s pledge to trim the budget was amusing enough that it was worth sharing anyway. It’s only a minute and a half.

http://news.yahoo.com/s/afp/20090202/pl_afp/uspoliticseconomytrademcconnell Does this sound fishy to anyone else? I can see the point about setting off trade wars, but if this bailout is supposed to be pumping money into the economy then how does letting it go overseas help?

Just stumbled across this quote from Asia Times Online and it’s too good not to share: There is nothing complicated about finance. It is based on old people lending to young people. Young people invest in homes and businesses; aging people save to acquire assets on which to retire. The new generation supports the old [...]

Author EE  Knight was kind enough to post smart guy Jim Manzi’s explanation of how our current finanical crisis came about. I thought it was a great summary not only of how we got here, but also why it’s important to even those of us who do make our mortgage payments. It’s a plain English explanation we [...]