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    History: an account mostly false, of events, mostly unimportant, which are brought about by rulers, mostly knaves, and soldiers, mostly fools.

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    New Nationalism Speech – Teddy Roosevelt History Lesson

    Mt. Rushmore, Theodore Roosevelt closeup. Image via Wikipedia

    Since the 1980s (when I worked for Eastern Airlines, which no longer exists due to deregulation fever) we as a people have amnesia when it comes to the lessons that history teaches us.  Regulations did not just magically appear one day.  They were derived from the wisdom that came about from the mistakes of the past.  Reagan [...]



    We’re Stupid and We’re Fools

    Cenk Uygur over at Huffpo sent me this story link this morning. 

    If you want to understand what is really going on re: the banking/wall street fiasco, read this article.  Here is an excerpt:

    The latest bailout came as AIG admitted to having just posted the largest quarterly loss in American corporate history — some $61.7 billion. In the final three months of last year, the [...]



    what do politicians hate more than anything else?

    Doubt. Doubt = weakness, and weakness = electoral failure.

    So it’s a minor miracle when a politician reaches the right conclusion and, despite his doubts, acts on it:

    SANTA FE — The Bill Richardson who announced a repeal of the death penalty in New Mexico on Wednesday was not the same Bill Richardson who usually shows up for face time with the news media.

    The Richardson who [...]



    time to name names and put the blame where it belongs

    On Hank Paulson’s bald head.

    When AIG started to become unwound last fall, who better to know just how much Goldman Sach’s own rape & pillage squad was going to depend on its AIG bad bet insurance than the former CEO, Paulson himself – and who else but the Treasury Secretary would be better positioned to make sure that at least his alma mater – if [...]



    the know-nothing prize

    Once again, the Templeton prize has been awarded not for new discovery, but for the admission by a scientist that there are mysteries that science cannot penetrate, and therefore the answer is WOO:

    French physicist and philosopher of science Bernard d’Espagnat won the Templeton Prize for religion on Monday for work which acknowledges that science cannot fully explain “the nature of being”.

    He will receive STG1 million [...]



    whatever happened to a.i.g. freezing executive bonuses

    and clawing back those they’d already paid out? From October 22, 2008:

    NY AG says targeting exec pay at AIG, elsewhere

    NEW YORK (Reuters) – Troubled insurer American International Group Inc will freeze payments to a former CEO and officers of the unit that was the main source of its financial problems, New York Attorney General Andrew Cuomo said on Wednesday.

    “This is to confirm that AIG has [...]



    heartbreaking

    As the mother of an only child, a son, this was a heart-wrenching piece to read.

    But every American needs to, because more than 4,000 sons, daughters, mothers, fathers, lovers, brothers and sisters have come home dead from these wars. For what? What have we accomplished?

    How cruel is life when your comfort lies in hugging your loved one’s casket?

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    Why Isn’t Simon Johnson the Treasury Secretary?

    This is the most succinct explanation I have come across of where we are at and of what to do with regard to the financial crisis affecting our country.  I hope Obama and Congress are listening.  From Bill Moyers Journal (you can watch the video here):

    February 13, 2009

    BILL MOYERS: Welcome to the Journal.

    The battle is joined as they say — and here’s the [...]

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