The Audacity of Doing Nothing

blogs.law.harvard.edu - 2/12/2009

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I spent a few days recently in the company of some money managers with a total of about $2 trillion to invest, precisely the sort of folks whose confidence the government is currently trying to win. How did they feel about all of the rule and policy changes coming out of Washington and the new ...

washingtonpost.com - 2/13/2009

Dana Milbank - The Audacity of Audaciousness

— washingtonpost.com — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from... the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ... (more) Dana Milbank - The Audacity of Audaciousness

White House

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americanthinker.com - 2/17/2009

The Audacity of the Obamas

— americanthinker.com — The extravagances that the Obamas have enjoyed in their first few weeks in office are turning into... the bitter pill that the rest of the hard working Americans will have to swallow over the next four years. (more) The Audacity of the Obamas

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Blog Reactions

Instapundit: THE AUDACITY OF DOING NOTHING: “Back in the 19th Century, there were a lot of steep crashes, gu…

Winds of Change.NET: Bad Money Still Drives Out Good

The Anchoress: $13-a-Week Stimulus Working 4 U?

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Blog Reactions

THE AUDACITY OF DOING NOTHING: “Back in the 19th Century, there were a lot of steep crashes, gu…
Instapundit — THE AUDACITY OF DOING NOTHING: “Back in the 19th Century, there were a lot of steep crashes, guys got wiped out, and the economy came back quickly.” What’s different now? The government is a lot bigger and more powerful. Rich companies and people can put some of their wealth into lobbying and demand that the government prevent them from getting wiped out (or at least slow the process). Resisting that pressure would be more audacious than any of our politicians are likely to be. Or even to imagine being . . . . ...

Bad Money Still Drives Out Good
Winds of Change.NET — ... The result? First, to make the world of collateralized mortgage debt tremble once again. While the consequences of foreclosures fall on the junior tranches of packaged debt - now mostly written off - in many case the results of forcible, retroactive modification of a contract's conditions would fall pro rata across all tranches, causing the value of those that are still standing to slide as well. Yet more fear to hang over new as well as existing mortgage backed securities. Second, and not too surprisingly, the 'good money' investors want no part of this game. ...

$13-a-Week Stimulus Working 4 U?
The Anchoress — ... contribute to the tax-base. And…you’d have the additional effect of eventually – in less than a decade – freeing this country from its dependency on foreign oil. Because, you see, even this silly little electric golf cart that is an absurd part of this mostly-spending bill is going to require, ummm…energy. Electricity may be invisible, but it is not yet free or magically produced. Not yet. This is really not as complicated or as difficult as you preening, posturing folks want to make it. ...