And then some.

The Wizard of Bubbleland:

(http://atimes01.atimes.com/atimes/Global_Economy/GI14Dj01.html

September 14, 2005

Greenspan, the Wizard of Bubbleland )

In my estimation the three worst errors Bill made were:

Nafta

Alan Greenspan

Abandoning health care reform

"When housing markets go to excess, when sub-prime borrowers join the fray, or when corporate credit becomes freely available at ridiculously low spreads, central banks should lean against the wind."

"It is high time for monetary authorities to adopt new procedures - namely, taking the state of asset markets into explicit consideration when framing policy options. As the increasing prevalence of bubbles indicates, a failure to recognise the interplay between the state of asset markets and the real economy is an egregious policy error." Stephen Roach

Paging Wile E.

Ummm...no.

You surely understand remittances? Billions of dollars earned (and largely untaxed) flowing back to the originating country. It's why Mexico (and other Latin American governments), which doesn't give a shit for the welfare of their citizens when they're at home, is so concerned about our immigration laws.

Outside of petro exports the #2 source of capital inflows are remittances.

'Officials later released some of the single mothers, but the raid shocked Guatemala, where an estimated 10% of the population has migrated to the U.S. to work, mostly illegally. Last year, the migrants sent home $3.6 billion to their families, an amount equal to around 10% of Guatemala's gross domestic product.'

Immigration Reform: Bush's Big Promises

Geri Smith

http://businessweek.com/globalbiz/content/mar2007/

gb20070315_602665.htm?chan=top+news_top+news+index_businessweek+exclusives

Rubenesque is most assuredly not a synonym for 'morbidly obese' which these women most assuredly are.

"Right Reverend Host: I'm afraid you've got a bad egg, Mr. Jones!

The Curate: Oh no, My Lord, I assure you! Parts of it are excellent!"

"You know, the only trouble with capitalism is capitalists. They're too damn greedy." Herbert Hoover

And the wheels on the bus go 'round and 'round:

'But there is nothing idealized or romantic about the difference between a society whose arrangements roughly serve all its citizens and one whose institutions have been converted into a stupendous fraud. That difference can be the difference between democracy and oligarchy.' - Bill Moyers

"We can have democracy in this country or we can have great concentrated wealth in the hands of a few. We cannot have both." - Supreme Court Justice Louis Brandeis.

'Should we reach the point where the half of our population trying to make it on 12 percent of the nation's payroll can no longer meet the interest payments, we shall have a crisis where all the choices are worse than awful. And a happy doomsday to you, too.'

Give Us This Day Our Daily Debt

Nicholas von Hoffman

http://www.thenation.com/doc/20071112/howl

a Chief Executive capable of framing a coherent English sentence.

More than we have now.

I gris-gris every SUV/gigantic pickup with a Bush/Cheney (Hey, nimrod! - Gee - why are ya still driving a beatup '98 with a '00 bumper sticker, huh? Economy's not been so stellar after-freaking-all for ya? Why's that do ya think? Can you think?) I see.

That's only due to a lack of shoulder mounted anti-Bushite missile launcher...

An error does not become truth by reason of multiplied propagation, nor

does the truth become error because nobody will see it. -Mohandas K. Gandhi

and by extension the other half baked loonies who aren't really libertarians; just people who believe they personally shouldn't have to pay any taxes whatsoever...

That's 'hare-brained', not 'hair-brained'.

We now resume our regularly scheduled programming.

James Madison: "I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations.... The means of defense against foreign danger historically have become the instruments of tyranny at home."

'The fountainhead of this financial whirlpool is in the conundrum that rising interest rates are impotent in reversing the decline of the purchasing power of the dollar. What is needed is a redefinition of economic growth, to be measured by rising purchasing power of wages rather than by nominal GDP increases. And that path is through closing the disparity of income and wealth in every economy, rich and poor, among people and between economies. '

- Henry C K Liu - How currency devaluation destroys wealth

http://www.atimes.com/atimes/Global_Economy/IF14Dj01.html

“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if Labor had not first existed. Labor is superior to capital, and deserves much the higher consideration." - Abraham Lincoln