Monday, October 5, 2009

Is Capitalism Hanging Itself?

Lenin once said that "Capitalists will sell us the rope with which we will hang them."

Maybe he foresaw the private equity firms, former executives and Wall Street investment banks that would profit by bankrupting businesses, bilking bondholders and firing employees. Read The New York Times, Profits for Buyout Firms as Company Debt Soared.

Just a part of the Republi-con war on the middle class.

Not Even a Bronze

UPDATE: Cheering America's defeat, because they "retain their belief that they, and only they, should govern." Read The New York Times, The Politics of Spite.

How patriotic of the Republi-cons.

What was he thinking? Obama should not have made in-person plea to hold the 2016 summer games in his hometown of Chicago. I always expected Rio de Janeiro to win, mostly because the Olympics have never been held in South America. But to be eliminated in the first round of voting. Now his political enemies will talk about nothing else for a week, and it makes Obama look politically weak(er).

Stupid is as stupid does.