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Daily Archives: October 6th, 2008

campaigning’s hard work for the medicare set


Especially if Geritol is all you have, because your Medicare got cut:
John McCain would pay for his health plan with major reductions to Medicare and Medicaid, a top aide said, in a move that independent analysts estimate could result in cuts of $1.3 trillion over 10 years to the government programs.

In the months since Sen. [...]

dow down 800 now


Not the time when you want Phil Gramm’s puppet, Mr. Don’t Know Nuthin’ Bout No Economics, leading the charge.
The last time I got a bonus at the end of the year was 1998. The economy in the U.S. was slowing down, but if you were in the export business, you were growing like mad.
This [...]

that went well


$700 Billion down the hole and the Dow plunges 500+ this morning.
That Hank Paulson’s a genius.
This American Life has a fantastic, ground-level primer on the “credit crunch” (it’s in the commercial paper marker, where $100 million is chump change, not down at the small business level). If you’re in the least confused - or [...]