techimoto

The Republicans love their “trickle down” theory.  This theory, for the uninitiated, can be described as “terms of political rhetoric that refer to the policy of providing tax cuts or other benefits to businesses and rich individuals in the belief that this will indirectly benefit the broad population.”
Interesting idea, but why hasn’t it worked?  The [...]

Future generations (if schools still exist), might be taught about the historic meeting on September 25th, 2008, when President Bush was heard to utter “If money doesn’t loosen up, this sucker could go down.”
It was supposed to be not much more than a photo-opportunity, a demonstration of national unity in the face of economic [...]

The New York Federal Reserve is lending up to $37.8 billion to American International Group to give the troubled insurer access to much-needed cash (for more, and better parties?).
The new program, announced Wednesday, is on top of the $85 billion the federal government agreed to lend to AIG last month to prevent the global company [...]

This from the LA TImes: Days after the Feds committed $85 billion of tax-payers’ money to a bailout of insurance giant AIG, senior execs from the troubled company headed to Southern California’s ultra swanky St.Regis Resort in Monarch Beach for a week of wining (or should it be “whining”) and dining. The company paid [...]