Has William Kristol seen the light?

After my long absence from thinkPOP, I return this morning with a take from William Kristol in the NY Times. Anyone that has read thinkPOP knows I usually disagree deeply with Kristol, but this week he seems to have seen the light on a new way forward for conservatives and the GOP, my favorite passage:
I [...]

One last hit on Obama the “Socialist”

I’ll ask our readers and commenters one last question on Obama the “socialist.”
It’s not my question, Tom Brokaw asked it on Meet The Press this weekend to John McCain, who had no good answer. 
If Barack Obama were a socialist would Warren Buffet, America’s richest man and uber-capitalist be endorsing him? For those of you prepared [...]

Context, Context, Context!

Two cents on the issue of socialism as it pertains to this campaign and the potential future economy of this country. This notion of “spreading the wealth around” as the platform of Obama’s economic strategy is malarkey. The notion that Obama is a socialist is malarkey. The reason being that this fit-for-scrutiny soundbite extracted [...]

Markets slide because of….you know reality.

My man Jarvis found a quote from a stock broker worried that and Obama election will bring economic Armageddon. Jarvis extrapolates from this quote that the markets are scared of an Obama win, hence their drop. I would like to offer an opposing theory: reality. Let’s take a look at some possible factors in the US [...]

One last thing-seen the banking news lately?

For all this talk of Obama’s supposed socialism, anyone notice that we’re using nearly $1 Trillion of OUR money to sure up private industry, effectively nationalizing the banks? All this being done under a Republican administration? Apparently corporate welfare is A-OK?

Meanwhile…watch the stock market today

Another day on Wall Street will open after global markets take serious hits and worldwide recession is feared. While we look for (and sometimes manufacture) political news (i.e. that crazy lady with the B on her face) there is real pain going on out there.

Dow holding at 370 point drop

At least in the first thirty minutes of trading the Dow dropped more than 400 points but stopped the bleeding and is holding steady for now. It’s still early. Are there more shoes to drop?

Pre-trading halted on DOW as it plunges 550 points

As world-wide markets tumbled overnight the DOW is plunging. A “circuit breaker” was tripped halting pre-open trading as the index fell by 550 points. 
It’ll be a nervous morning downtown.

How much money will they print?

Ben Bernanke is floating the idea of another direct stimulus package:

“With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate,” Bernanke said in prepared testimony to the panel.
House Speaker Nancy Pelosi has said an [...]

BTW The DOW Tanked Again

733 points to be exact.