Wednesday, January 12, 2011

Remember: Go read, "Some Assembly Required"

Here are a couple of samples -- follow link to original


Depressing: We've now had 4 1/2 years of declining house prices, with a 5.07% drop y/y in November. House values have now fallen 26% since the June 2006 peak. This is more than the 25.9% drop during the Great Depression. And the slide is not over.

Misdirection: Newt Gingrich is pushing for federal legislation giving states “the right to file bankruptcy and renege on pension and other benefit promises made to state employees.” But such a law would be unconstitutional, so one must assume the intent is to paint workers' pensions and union contracts as responsible for the devastation Wall Street has caused.


One more:


To The Point: Bob Woodward became one of the richest and most prominent journalists in Washington by exposing the secrets of government and publishing classified documents in book after book. And while politicians often found him inconvenient, his fellow journalists simply envied him and tried harder to ferret out the hidden truths. Yet Woodward was never labeled a terrorist and hauled off for re-education.

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