Remember, Republicans are the party of "small government" and "fiscal responsibility".

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On a slightly related note, whenever somebody tries to tell you that Obama will raise your taxes, show them this chart (click for larger image):

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So the (new and improved) much better version of the bailout bill failed to pass in congress yesterday. The Dow proceeded to plummet 777 points - the worst single-day drop in two decades.

From Balloon Juice:
"For days, it has been obvious what the GOP dream scenario was - have the bailout pass, but with predominantly Democratic support, dub it ( Read more... )

Spoilers below:
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Tons and tons of stuff happening in the news lately. Good summary here.

(Click the numbers for links):

-1. In a painfully obvious political ploy, McCain is "suspending" his campaign to go to Washington and focus on helping to "solve the financial crisis". And here I thought presidential candidates were supposed to be able to metaphorically walk ( Read more... )

700 Billion dollars. That's how much taxpayer money we're going to spend to bail out Wall Street. Bush's proposed bill pretty much "authorizes Hank Paulson [Treasury Secretary] to transfer $700 billion of taxpayer money to private industry in his sole discretion, and nobody has the right or ability to review or challenge any decision he makes."

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Some images of Ike:

85 MPH wind in our backyard

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If you haven't heard, very bad things have been happening on Wall Street lately (courtesy of the sub-prime mortage crisis).

To summarize: financial institutions on Wall Street have been acting more and more like banks in recent years. However, since they're not technically banks, they aren't regulated by the government the way that banks are. ( Read more... )

Holy shit it's been a long time since I've used LiveJournal.

I find it really, really scary that the Senate recently proposed a constitutional amendment to ban the "desecration of the American flag", and it was only defeated by ONE vote. It should have been defeated by a hell of a lot more than that ( Read more... )

This post is brought to you by tiredness. Sleep: it does a body good. Howdy all. Just got back from a brief vacation up in Savannah Georgia. It was pretty fun, took a tour, ate some southern cookin', all that jazz. I also had my lower right wisdom tooth flare up in a little fountain a pain, so I will hopefully be taking an emergency trip to the ( Read more... )