I am thoroughly convinced that politicians, as a whole, don’t know jack about finance: Congress is actually considering a 0.25% tax on equity trades. I’d like to repeat that. They would like to levy a tax on all stock, option, and futures trades, of one quarter percent. Apparently they want to drive away all the [...]
Calling something a “teachable moment” in a debate is incredibly condescending.
For the short term: Net transit and intercity rail funding survive the conference committee largely intact.
For the long term: Both Obama and Reid went to bat for transit funding. Elections have consequences.
Let’s be blunt: Congressional Republicans have every political incentive to hinder President Obama, no matter what their actual opinions of his policy moves are. Politics ultimately boils down to: the incumbents stay in until they screw up or we get bored with them. So, I fully expect to see lots of knee-jerk reactions and obstruction [...]
Via harveyj: Steve “Steve” Austria (R-OH) doesn’t understand, well, anything.
Trying to debate economics with these people is like trying to debate the virtues of vegetarianism with a Tyrannosaurus who has you in his jaw and can tell already that you taste delicious. It’s just really hard to believe anymore that Congressional Republicans are acting in [...]
NH Gov. John Lynch has appointed Bonnie Newman to Judge Dread Judd Gregg’s soon-to-be-vacated Senate seat. As expected and reported, Gregg took the seat under the condition that he not be replaced by a Democrat. Newman immediately declared her intent to be a caretaker/seatwarmer, i.e. she won’t run in 2010 and won’t endorse, making it [...]