Comrade Bush Nationalizes Financial Sector

Good afternoon, glorious working people of the United Socialist Republic of America.
That’s right, the party of “small government”, the party that calls us liberals “socialists”, the party that hates the idea of public schools, libraries, police, fire fighters, and will stop at nothing to prevent universal medical care will leave the White House in January [...]

Our Money is In Trouble

What else is new?

John Kerry (D-2008) OWNZ Fox “News”’s O’Reilly

Someone get the Way-Back machine and send this guy back to 2004 so that he can run for President.

It’s the Economy, Stupid

And I’m stupid on the Economy, so I don’t have much to say on it. In the mean time, read Eschaton with Atrios, Ph.D (in economics no less) and Krugman.

Is there a Crisis?

Yglesias:
This is hardly dispositive, but the economy doesn’t actually seem any more collapsed right at the moment than it did 45 minutes ago. Or, for that matter, than it did Friday afternoon.

Krugman to Pelosi: Your Bill is Dumb.

As I’m sure you’ve heard by now, the bailout bill failed in the house.
Paul Krugman, progressive economic genius, speculates as to what might happen:
I assume Pelosi calls a new vote; but if it fails, then what? I guess write a bill that is actually, you know, a good plan, and try to pass it — [...]

Krugman, Others Describe Absurdity of McCain/GOP Bailout Proposal

First of all, holy shit, Paul Krugman is a blogger? If you don’t know what is going on because you don’t quite understand economics, read Krugman. He is a progressive Princeton economist who can explain the stuff at a 5th grade level..
I say again:READ KRUGMAN! Because his story (linked above) is better, [...]

Democrats Amazed to Find Their Testicles

I’m as surprised as you are, but the Democrats apparently grew some balls during this financial crisis:
House Financial Services Committee Chairman Barney Frank (D-Mass.) angrily accused House Republicans — with the tacit support of Republican presidential candidate John McCain — of crafting an alternative to undercut Treasury Secretary Henry Paulson.
Both McCain and his Democrat rival, [...]

McCain Confirms He’d Rather Kill the Economy than Lose an Election

Barney Frank Owns “Mighty Mouse” McCain

Barney Frank calls out John McCain on playing politics with the bailout… and on generally being a douche bag:
“McCain is Andy Kaufman in his Mighty Mouse costume – ‘Here I Come to Save the Day,’” Frank said as he left a Thursday morning caucus meeting with House Democrats, saying the Republican presidential candidate’s decision to [...]