If you didn’t see it last night, well, here ya go… Part One Part Two Part Three That very last part about Stewart’s mother…wow. I think we all know somebody like that and it’s why we’re so furious when we consider how jokers like Cramer were asleep at the wheel at best or, at worst, [...]

Do you know which one? Tyler Cowen does.

We all know Cramer has a big mouth, but back in 2006 he gets dangerously close to admitting that he has engaged in “fomenting” the market, which he calls “blatantly illegal.” First, most of the quote: You can’t foment. That’s a violation. [...] You can’t create an impression yourself that a stock’s down, but you [...]

Cramer should have just shut up and taken his lumps. Instead he tried to make it Stewart the boogeyman and here’s how that turned out. Yes, Cramer actually fired back and then tried to use the excuse of, “Well, but, but, but Warren Buffett and stuff!” I’m sure we’ll have more tomorrow.

I thought since I’ve been so sunny today, here’s a few more rays to pick you up… The math is pretty simple. It’s the worst drop in the S&P 500 since The Great Depression. Now, since I posted that graph earlier of how much GDP loss it’ll take to get to 1932 numbers, who here [...]

Practically speaking, at our current rate we’d need the GDP to drop 6.6% in 4 straight quarters for it to hit the purple line below. While that’s not very easy to do, it’s much more likely if the banking problem doesn’t get solved and credit freezes up again. Calculated Risk offers this handy graph… And, [...]

Christina Romer explains exactly why at the Brookings Institute today. Some key points: This similarity of causes between the Depression and today’s recession means that President Obama begins his presidency and his drive for recovery with many of the same challenges that Franklin Roosevelt faced in 1933. Our consumers and businesses are in no mood [...]

I think it’s fair that people are nervous about Obama’s plans. I am too. But what I don’t think is fair are comments from folks claiming that they’re certain he’ll destroy the economy, that he’s declaring genocide against entrepreneurs and other assorted nonsense. That brings me to Christopher Buckley, whose father was the late, great [...]

Earlier today I posted about Jindal’s suspect Hurricane Katrina story and now his handlers are revising the record. First, the clip… And now, the truth from Politico: The spokeswoman, Melissa Sellers, said the story Jindal told in his response to Obama actually took place some days later in Lee’s office — though still in Katrina’s [...]

Note the trajectory we’re on… Some think it’s a good time to buy since the stimulus package just got pushed through and fixes for the banking and housing problems are on their way. And if Obama can push through Social Security reform, that’ll instill a lot more confidence worldwide in our long term fiscal credibility. [...]

“There is no such thing as a neoconservative foreign policy.” – Richard Perle talking to a gathering sponsored by National Interest magazine. WTF?! Dana Milbank digs through this nonsense… So what about the 1996 report he co-authored that is widely seen as the cornerstone of neoconservative foreign policy? “My name was on it because I [...]

Here’s the preview, presented in two parts. Part One Part Two You can find it on air & online today at 9 pm EST on PBS. And here’s the website.

I find it extremely troubling that my fellow bloggers would believe a columnist from Portfolio who only suggests that Congressman Kanjorski’s claims were false without providing any evidence or checking what the players actually said. You know the players…like one of the guys who actually saw what was going on from the inside of the [...]

Whichever one of the Ten Commandments tells us not to bow down to idols, that’s the one we’ve been breaking with all the Abraham Lincoln worship lately. There’s no way he was even half as popular amongst Northerners back in the 1860s (I still bump into Civil War kooks down South who HATE Lincoln more [...]

Yes, Obama’s approval numbers are extremely high right now… So what’s the big deal? These numbers will come down as his presidency moves forward, right? Well, sure, but when looked at in historical context they provide an interesting glimpse into what he can get done in the near term. Especially when compared to Reagan in [...]

“We are a nation of Christians and Muslims, Jews and Hindus and Non-Believers.” – Barack Obama in his inaugural address today I forgot to include this in my thoughts about his address, but it was so refreshing to hear somebody finally say those words. They’re long overdue and it signals yet another way Obama is [...]

Not surprisingly, the parts that resonated for me the most were the ones that spoke about putting all of the pettiness aside so we can finally move forward. Because that’s what Obama’s entire campaign was about and it’s one of the most important changes he can hope to deliver to the country and Washington in [...]

Presented here in full just in case you haven’t seen it. And now it’s time to get to work.

Chief Justice Roberts made a pretty big mistake when he was administering the oath to Barack Obama today: WASHINGTON – Chief Justice John Roberts swore in President-elect Barack Obama as president of the United States on Tuesday with a slight stumble over the wording of the oath of office in the first of what could [...]

It started at the State Capitol in Springfield, Illinois on February 10, 2007. One of the most unlikely presidential candidates in modern times, a junior Senator from a very blue state, announces that he’ll entire the race for the Democratic nomination. Nearly everybody in the media says it’s too early for this guy. Especially since [...]