Scary stuff – from CNBC: Even if the US and European economies manage to avoid a double dip, it will still feel like a recession, while more than half of the 800-plus US banks on the “critical list” are likely to go bust, according to renowned economist Nouriel Roubini of Roubini Global Economics. The second [...]
A recent poll from Rasmussen: Democratic Senator Harry Reid and his Republican challenger Sharron Angle are still neck-and-neck in Nevada’s race for U.S. Senate. The latest Rasmussen Reports statewide telephone survey of Likely Voters shows the candidates tied with 45% of the vote each. Five percent (5%) prefer another candidate and six percent (6%) more [...]
We can see that defeated Florida GOP gubernatorial candidate Bill McCollum and nearly-defeated Alaska GOP Senator Lisa Murkowski are more interested in their own power and privilege than the fate of the nation, or the Republican Party. McCollum is refusing to endorse the man who beat him fair and square, while Murkowski is not only [...]
Thus spoke the Duc de La Rouchefoucauld-Liancourt to Louis XVI when the king said that storming of the Bastille was a revolt – a Ruling Class which didn’t understand the depths of the crisis. I believe our own Ruling Class is similarly out to lunch on what is happening. Event after even in 2010 has [...]
Seems that we’re even going to fall short of 2009′s miserable performance – from Gallup: Americans’ self-reported spending in stores, restaurants, gas stations, and online averaged $62 per day during the week ending Aug. 8. Early August consumer spending trends trail 2009 and will need to surge to match last year’s anemic back-to-school results. So [...]