Matt Ulman

My immediate take on this contrast was, Bush is really gone.

It’s not supposed to be about politics in a crisis like this, but getting us out of this means that we frame the debate a certain way, and that is politics. His turning attention to people doing the right thing, and asking that we do the right thing, rather than distracting us with some sort of feel good circus (not to take anything away from Sullenberger et al) makes me think we might have a chance.

Really, how does something like this get published? He doubts the multiplier and uses as proof the fact that consumption declined during WWII. I’ll admit to not having first hand knowledge, but I’m fairly certain there were programs in place to limit personal consumption during the war. Rationing, etc, and we weren’t borrowing from abroad, we were borrowing from us. Anyone who’s watched It’s a Wonderful Life knows more about what went on during the war than this guy.

I’m afraid this is correct.

Ask yourself how many $700 hammers does it take to make up for this.  I’ve got a WPA for you, one that will make kids proud to be American,  right here.

1) Plunge

I just got a letter from Vanguard assuring me that their Money Market Funds are safe.

People are worried about their money market funds… and rightly so.

We’re off the map.