bloomberg.com — Feb. 28 (Bloomberg) -- The dollar traded near a record low against the euro after the yield advantage on two-year German government debt over Treasuries widened to the most in more than five years.
When I was a kid, my dad used to make a quarter appear behind my ear. He’d wave both his hands to distract me while, all along, the coin was hidden up his sleeve. That was the trick. more »
Even President Bush himself seemed almost giddy that he wouldn’t have to go through this State of the Union ritual again. But hold off on the internment rites. While Bush is being discarded, the catastrophic conservative policies that he championed live on.
Whenever Washington starts patting itself on the back—whenever politicians of both parties start praising each other on an economic issue—hold onto your wallet, because you are about to get fleeced. That's precisely what happened during the debate over the economic "stimulus" package.
The stimulus deal just announced is being praised more for its existence than its content. Much lamented partisan bickering was overcome; bipartisan cooperation that got it done. With Wall Street bankers in panic, better something than nothing. It's worth taking a look under the hood.
epi.org — EPI president chides stimulus deal for including business breaks that don't work and excluding the stuff that actually helps -- aid to states, expansion of food stamps and unemployment benefits, and public works that puts people to work while building stuff we need. Bipartisan ain't a synonym for smart.
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