Archives for FUBAR

Too much urgency, too few specifics

The rollout of the proposed $700 billion bailout package was accompanied by all of the least attractive characteristics of the Bush administration in action.

The package was sprung on Congress and the public suddenly and over a weekend and with a bare minimum of details. The initial proposal, vesting immense powers in Treasury secretary Henry Paulson, was only three pages.

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Moms need government protection too

Ironically, Betsy Hart's column entitled, "Government doesn't need to bail out working moms" was released on Thursday, at the very moment that the government was bailing out Wall Street, giving AIG access to possibly more than $85 billion in taxpayer dollars.

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Can Uncle Sam save us from ourselves?

America's financial crisis is a political crisis, too. In the course of just 10 days, the Federal Reserve propped up ailing mortgage giants Freddie Mae and Fannie Mac, refused to bail out the investment bank Lehman Brothers and balked at aiding mega-insurer AIG before coming through with a $85 billion loan in exchange for an 80 percent stake.
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The high cost of pursuing happiness

Everyone has a right to own a home whether they can afford it or not. It says so in the Constitution -- well, actually the Declaration of Independence in the part about inalienable rights like the "pursuit of happiness."

Politicians have been selling us on that privilege nearly since the Founder's wrote it all down. All they charged us was our vote.

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America: A democratic-socialist state?

There's no avoiding this conclusion: The federal government's breathtaking economic interventionism has turned America into a democratic-socialist state. The fact that these drastic incursions are happening under an allegedly conservative administration leaves this right-winger oscillating between head-spinning disbelief and exhausted disenchantment.

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No need to bail out working moms

I received in my e-mail box today a press release from a "women's'' organization called Moms Rising that supposedly represents "83 million moms in America." "These moms have unanswered questions for the Alaska Governor about her positions on the everyday issues that most mothers face, such as access to healthcare, fair pay, paid family and medical leave, after-school programs, childcare, paid sick days, and flexible work options.''

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Talk about bad timing

In what may end up being a particularly unfortunate example of poor timing, Donald Luskin, economic adviser to John McCain, published an article in Monday's Washington Post, arguing that, as his candidate avowed recently, the U.S. economy is fundamentally sound.

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