The Shrine’s Money Links!
May 6, 2009 – 11:00 amDear Friends: Today is filled with a lot of news, which put together, seems to tie into a theme developed by my friend, Professor Athena. The piece, Ineffectual Rhymes with Intellectual, can be found by clicking HERE. The money quote:
The recession of 2008-2009 will likely be still the recession of 2010-2012. We saw how inflation at the point of no growth served incumbent Jimmy Carter, and it is quite likely to repeat itself by the 2012 elections if the current administration continues to insist on putting the cart in front of the horse by spending prior to growing new capital and investment in the economy.
In government where the order of priority is everything, this administration sees carbon credits as more important than accounting credits on a balance sheet. If style were only substance, we would have one great President. Instead what we have is Jimmy Carter without the charming Georgia accent.
I am also reveling in a bit of schadenfreude today: SENATE DEMS DIS SPECTER! The money quote: And we thought that Al Franken would get the least amount of respect as a Senator. After cutting a deal with Harry Reid to keep his seniority after a party switch, Arlen Specter got a rude shock last night when Reid’s caucus rejected that deal and refused to give Specter any consideration on committee assignments. In fact, not only did he lose out on chair assignments, he will take the most junior positions on the committees.




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