Post Tagged with: "Barack Obama"
Get your war on
Remember when the war in Afghanistan began 8 years ago? I remember reading sarcastic cartoons on a site by David Rees called “Get Your War On.” Here are the first entries: Certainly something to think about given the announcement by the recent Nobel Peace Prize winner to send another 30,000 troops into Afghanistan. Glenn Greenwald
SNL’s alternative Obama-Hu press conference reality
Saturday Night Live’s China-U.S. press conference is pure comedy. It captures the Zeitgeist pretty well. The Mrs. Obama part at the end, though, was way over-the-top (and in poor taste if you ask me). Take those comments out and you have a pretty funny skit. One thing, though. It’s more than $1.3 trillion in American
Obama job approval now below 50%
This comes via Gallup: The latest Gallup Daily tracking results show 49% of Americans approving of the job Barack Obama is doing as president, putting him below the majority approval level for the first time in his presidency. Although the current decline below 50% has symbolic significance, most of the recent decline in support for
Barack Obama: “if we keep on adding to the debt… that could actually lead to a double-dip”
Barack Obama has now come clean about his thinking on why his administration has decided to focus first on reducing the deficit and next on jobs. He fears a double-dip recession will occur if foreigners lose confidence in the U.S. dollar, causing interest rates to spike. This is nonsense and it demonstrates how much at
China: we “will take steps to protect the interests of our domestic industries”
China on Friday accused the US of protectionist and biased trade policies less than a week before president Barack Obama’s first visit to Beijing. In a stinging rebuke to Washington, China’s commerce ministry promised to take measures to protect its domestic industry after the US slapped anti-dumping duties on $2.6bn of Chinese steel pipe imports.
The less optimistic view of Treasury’s handling of the crisis
The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read the last post I wrote
The wildly optimistic view of Treasury’s handling of the crisis
I was reading Kid Dynamite’s account of the recent Treasury – Finance Blogger meeting after having read a bunch of others (see them all in Abnormal Returns’ Nov 4th links). And I was struck by his characterization of the thinking at Treasuryregarding the financial crisis. I want to highlight two points and ask the question:
Jon Stewart takes on Fox News
You judge for yourself: is Jon Stewart right to skewer Fox? Before you decide, listen to the last minute of the segment
Rosner: Financial Stability Act “single worst not-yet passed piece of legislation”
Josh Rosner, a Managing Director at Graham Fisher & Company, an independent research for institutional investors in financial service assets, has some pretty strong words for the reform legislation proposed by the Obama Administration and now making its way to Congress. On Bloomberg, he said it favors large too big to fail institutions and hurts
Geithner testifies before Congress on financial reform
I am listening to Treasury Secretary Tim Geithner answer questions before the House Financial Services Committee and he seems to be talking the talk, but his Administration is not walking the walk. The bill he is aggressively defending calls for putting a resolution process in place which ostensibly allows the cost of the failure of
Nationalized Citi Mexicana Redux
Back in March when the US Government felt compelled to bail out out Citigroup, Tracy Alloway over at FT Alphaville noticed a curious thing – Citigroup had effectively been nationalized. No, they were not seized by government, but Citi was controlled by government. The Feds had 36% of shares outstanding, which in many cases is