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Barney Frank says…

The New Neo Posted on September 25, 2008 by neoSeptember 25, 2008

…”years of irresponsible failure to regulate have led us” to this crisis. He fails to add the little detail that the “irresponsible failure to regulate” was his own, as Chairman of the House Financial Services Committee, when he was the … Continue reading →

Posted in Finance and economics, Politics | 34 Replies

Playing Presidential politics with the financial crisis

The New Neo Posted on September 25, 2008 by neoOctober 2, 2008

Are Obama and McCain playing politics right now? Of course they are; is the Pope Catholic? What’s far more interesting to me is how they’re playing, and what this reveals about their natures.

Continue reading →
Posted in Finance and economics, Politics | 12 Replies

Credit and bailouts and homes and watery analogies

The New Neo Posted on September 25, 2008 by neoOctober 2, 2008

Bush’s speech last night was a good attempt to explain in relatively simple terms how we got here and what Bush thinks should be done. I’ve started to visualize the whole meltdown this way:

Continue reading →
Posted in Finance and economics, Politics | 9 Replies

Democrats and Republicans: losses, explanations, and excuses

The New Neo Posted on September 23, 2008 by neoOctober 2, 2008

It’s been shaping up for quite some time now—the Democrat explanation in the event of an Obama loss. Of course, if Obama should win the election—a distinct possiblity—excuses will not come into play. It will be the Republicans who will … Continue reading →

Posted in Liberals and conservatives; left and right, Politics | 45 Replies

Getting gloomy about the dismal science

The New Neo Posted on September 18, 2008 by neoOctober 2, 2008

How did all these brilliant economic minds, and our dedicated public servants in Congress and the White House, fail to foresee and prevent the current fiscal crisis? My take on the matter is not the opinion of an expert; au … Continue reading →

Posted in Finance and economics, Politics | 39 Replies

That reformist Democratic Congress

The New Neo Posted on September 17, 2008 by neoSeptember 17, 2008

Love that Pelosi. Rangel’s woes? Nothing much to see there; moving right along. ‘ Democrat involvement in the long and complex build-up to the current subprime mortgage crisis? Nah; it’s all the Republicans’ fault, according to Pelosi. Forget history, forget … Continue reading →

Posted in Finance and economics, Politics | 10 Replies

Playing the blame game in the Wall Street crisis

The New Neo Posted on September 16, 2008 by neoFebruary 27, 2009

The current financial crisis proves the maxim that there’s no free lunch—or rather, there may seem to be a free lunch, but the bill is merely deferred, and ultimately it comes due with interest. How is it that all these … Continue reading →

Posted in Finance and economics, Politics | 43 Replies

The Vice Presidential pick: a test of judgment

The New Neo Posted on September 10, 2008 by neoSeptember 17, 2008

In all the verbiage about McCain’s choice of Sarah Palin versus Obama’s rejection of Hillary, one especially important point is what it says about the judgment of both candidates. On the face of it, Obama’s choice of Biden seemed “safe.” … Continue reading →

Posted in Politics | 30 Replies

A thought on timing in elections

The New Neo Posted on September 9, 2008 by neoSeptember 17, 2008

An election is a snapshot, a single poll taken on a particular day. Opinions, on the other hand, are in flux. Part of Obama’s good luck so far has been his timing.

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Posted in Obama, Palin, Politics | 26 Replies

Thursday night thoughts

The New Neo Posted on September 4, 2008 by neoSeptember 8, 2008

Lindsay Graham did well to remind us of how wrong Obama was on the surge, how close some of the Congressional votes were, and how right John McCain was. But Graham is incorrect when he says that Obama has never … Continue reading →

Posted in Politics | 36 Replies

Rules for the female campaign road: let’s hear it for the Vestal Virgin

The New Neo Posted on September 3, 2008 by neoSeptember 8, 2008

Watching the Palin feeding frenzy, it occurs to me that we now have new rules for female candidates. These rules apply almost exclusively to candidates on the Right, of course; those on the Left (unless their name happens to be … Continue reading →

Posted in Palin, Politics | 15 Replies

The Palin fake-pregnancy rumors: the latest in a long line of campaign garbage

The New Neo Posted on September 1, 2008 by neoSeptember 8, 2008

I think Palin’s nomination has caused much of the Left to flip its collective wig, or what’s left of it (puns intended). The rumors about Palin’s baby—that it really was conceived by her 16-year-old daughter and that Palin faked her … Continue reading →

Posted in Politics | 41 Replies

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