It is astonishing that a large core group of Republicans in the House of Representatives could hold the country to ransom. But today they did. Their cause? The hallowed altar of ‘free markets’. They whined that Nancy Pelosi had ‘upset’ them with a partisan, but entirely accurate, assessment of the Bush regime’s record. That record […]

Here’s Paul Krugman’s take on today’s Republican inspired disaster: OK, we are a banana republic – Paul Krugman – Op-Ed Columnist – New York Times Blog He’s absolutely right. The bill put forward today was a Bush Administration plan. It was likely from the beginning that a lot of Democrats would not go for it […]

Well here we go. The House of Representatives has rejected the so-called bailout bill. As a consequence, as of now, the country’s markets are in free fall. Here is the latest from the New York Times:House Rejects Bailout Package, 228-205; Stocks Plunge This is a moment of great importance. I am not sure that many […]