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Archive for September, 2009

The Fed Is Creating A New Asset Bubble

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Credit Crisis, Economics, Politics

Steven Pearlstein notes that the steps that the Federal Reserve has taken over the past year to “shore up” the banking system have had the effect of creating a new bubble:
It turns out that all those bold and necessary steps by the Federal Reserve to prevent the financial system from collapsing wound up creating so [...]

Iran’s Only AWACS Plane Crashes During Military Parade

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Foreign Affairs, Humor, Iran

Some might consider this cosmic justice:
TEHRAN – Iran’s sole Simorgh AWACS aircraft was lost during a military parade Sept. 22, one of two Iranian military aircraft that crashed in Tehran while participating in a display to mark the anniversary of the start of the 1980-88 Iran-Iraq War.
The Islamic Republic of Iran Air Force operated a [...]

Obama Ponders Strategy Shift In Afghanistan

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Afghanistan, Barack Obama, Foreign Affairs, Politics

The internal debate over Afghan War policy is getting very interesting:
WASHINGTON — President Obama is exploring alternatives to a major troop increase in Afghanistan, including a plan advocated by Vice President Joseph R. Biden Jr. to scale back American forces and focus more on rooting out Al Qaeda there and in Pakistan, officials said Tuesday.
The [...]

Canada To Boycott Ahmedinejad’s U.N. Speech, Will The United States ?

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Barack Obama, Foreign Affairs, Iran, Politics

The Canadians get some points for taking a stand today:
UNITED NATIONS — Canada will boycott Iranian President Mahmoud Ahmadinejad’s speech at the United Nations on Wednesday, saying his outbursts about the Holocaust and Israel are “shameful.”
Foreign Minister Lawrence Cannon will be at the world body to attend the opening of the UN General Assembly’s annual [...]

Crazy Libyan Leader Pitches Tent In New York Suburb

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Dumbasses, Foreign Affairs, In The News

The people of Bedford, New York aren’t too thrilled about their latest guest:
WHITE PLAINS, N.Y. (AP) — The Libyan government has pitched a tent in suburban New York that leader Moammar Gadhafi may use for entertaining, according to a State Department official.
And it appears the property was rented from Donald Trump.
However, an attorney for the [...]

Stupidest Lawsuit Ever: Arlington County Alleges HOT Lanes Are Racist

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Dumbasses, Politics, Virginia

For those of you who live outside the Washington D.C. area, Virginia is currently in the process of creating so-called “High Occupancy/Toll” (HOT) lanes on the Washington Beltway that would allow commuters to bypass traffic if they were willing to pay a toll to use a separate lane.
Well, one of the local governments in the [...]

NBC/WSJ Poll: American Public Pessimistic On Afghan War

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Afghanistan, Barack Obama, Foreign Affairs, Politics

More bad news for Afghan War proponents in the latest NBC News/Wall Street Journal Poll:
WASHINGTON – As President Barack Obama weighs sending more U.S. troops to Afghanistan, the latest NBC News/Wall Street Journal poll finds that Americans are concerned about the progress of the conflict there.
Nearly six in 10 say they’re less confident the war [...]

So You Want To Be A Crazy Birther Lawyer Like Orly Taitz

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Barack Obama, Humor, Obama Derangement Syndrome, Politics

Here’s a handy flow-chart to get you started on your lucrative career (click to embiggen):

H/T: The Pajama Pundit

“Today, We Salute You, Mr. Tax Law-Writing Tax Evader!”

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Dumbasses, Politics

A PJTV tribute to Charlie Rangel:

NBC/WSJ Poll: Public Remains Divided On Health Care Reform

by Doug Mataconis @ Wednesday, September 23rd, 2009. Filed under Barack Obama, Health Care Reform, Politics

Despite several media blitzes over the past month, it’s quite obvious that President Obama has failed to significantly move public opinion on health care reform:
The NBC/Journal survey also comes as Obama has launched a media blitz to sell his push to overhaul the nation’s health care system, delivering a prime-time speech to Congress, holding rallies [...]

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