Please forgive me for posting so often, but this is the season for a lot of politics. Some of it may even be important. Today a number of small things have happened that add up to a lot of nooze. What will matter? Here’s my take.
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Monthly Archives: August 2008
Five Crises
During this brief break between conventions, we should all take some time to reflect on what all the noise is about. The stakes this year are unusually high because the USofA is not only much weaker than it has been in a long time, but there are signs that we are at a major inflection point in our history. The reason for both of those is the same: there are Five Crises that are paralyzing our nation that will define the next administration and possibly the next generation. They are all related, and they are all perilous.
Hillary
I don’t usually do two posts in one day, but I’ve had someone on my mind all morning.
Dead Men Walking
There’s no question that the pending bailout of Fannie Mae and Freddie Mac, the largest mortgage underwriters in the nation, will cost a lot. Very few people have given a price tag for this problem, but most analysts assume that it will be steep. What’s never talked about, however, is the fallout among other investment houses that has yet to be tabulated.
Let the Real Games Begin
With the DNC starting, the real election season begins now. All that stuff that came before was just practice for these final 2 months. This is showtime, and frankly it’s all a big show meant for the press. The goal is to have an effective message that the press repeats eagerly, a process we can’t be sure of until it’s all over. Yet there are important things that have already happened to signal how the final push will go down.
Barataria - The work of Erik Hare 