Below The Beltway

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Archive for August, 2009

No Wonder The New York Times Is Losing Money

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Credit Crisis, Economics, Politics

The opening paragraphs of another one of it’s profiles of the not-quite-as-rich-as-they-used-to-be demonstrate that they don’t even have a basic understand how the economy works:
The rich have been getting richer for so long that the trend has come to seem almost permanent.
They began to pull away from everyone else in the 1970s. By 2006, income [...]

Obama Willing To Be One Term President To Get ObamaCare Passed

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Barack Obama, Obama Derangement Syndrome, Politics

So says his Press Secretary, Robert Gibbs:

Be careful what you wish for, it might just come true.

Chart Of The Day: Republicans Are Still Screwed Edition

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Barack Obama, Democrats, Politics, Republicans

Via Matt Yglesias comes this chart of results of the three most recent ABC News/Washington Post polls:

Top House Democrat: “Public Option” May Have To Go

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Democrats, Health Care Reform, Politics

Sending yet another mixed signal about where the party is headed on health care, the second-ranking Democratic member of the House says the “public option” may have to go:
A day after House Speaker Nancy Pelosi said that health reform won’t get through the House without a public option, House Majority Leader Steny Hoyer said Friday [...]

New Home Sales Rise: Another Bubble In The Making ?

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Credit Crisis, Economics, Politics, Real Estate, Sub-Prime Mortgage Crisis

Call it the real estate version of “Cash for Clunkers”:
WASHINGTON – The U.S. housing market is improving quicker than expected, with home resales in July posting the largest monthly increase in at least 10 years, as first-time buyers rushed to take advantage of a tax credit that expires this fall.
The National Association of Realtors said [...]

Birthers Love Sarah Palin

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Barack Obama, Obama Derangement Syndrome, Politics

Some more interesting data from Public Policy Polling:
We decided to break down the birthers by their opinions of Barack Obama and the various leading 2012 contenders. Here’s what we found:
-The birthers love them some Sarah Palin. She’s the most popular politician in the mix with them at 66% favorability. Next is Mike Huckabee at 58%, [...]

Barack Obama Hates America Because He Doesn’t Wear A Tie

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Barack Obama, Dumbasses, Politics

Over at National Review yesterday, Andrew McCarthy posted what may constitute one of the stupidest posts in the history of blogging. It started with a post earlier in the day with a post by John Derbyshire lamenting the passing of the necktie, which promoted McCarthy, who only a few weeks ago wrote a largely incoherent [...]

Quote Of The Day

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Politics, U.S. Constitution

“It will be of little avail to the people that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that [...]

The Next Real Estate Crisis

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Credit Crisis

Steven Pearlstein talks about the impending commercial real estate crisis:
Commercial property values have fallen an average of 35 percent, with further declines expected as the recession drives more tenants out of business or puts them behind in their rent payments. The process of securitizing new loans has ground to a complete halt, and the limited [...]

Yankees Head Into Boston With Seven Game Lead

by Doug Mataconis @ Friday, August 21st, 2009. Filed under Baseball, New York Yankees, Sports

It’s getting down to the wire.
The Yankees are heading into Boston for another three-game series with a seven game lead in the AL East, and Boston is focusing more on the Wild Card at this point:
For the last 31 days, the Boston Red Sox have dutifully chased after the hated Yankees, and they will continue [...]

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