Can Anyone Make Any Sense Out of This Please?

Can anyone make a sense out of this statement:
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That's why I say I, like every American I'm speaking with, were ill about this position that we have been put in where it is the taxpayers looking to bail out. But ultimately, what the bailout does is help those who are concerned about the health-care reform that is needed to help shore up our economy, helping the—it's got to be all about job creation, too, shoring up our economy and putting it back on the right track. So health-care reform and reducing taxes and reining in spending has got to accompany tax reductions and tax relief for Americans. And trade, we've got to see trade as opportunity, not as a competitive, scary thing. But one in five jobs being created in the trade sector today, we've got to look at that as more opportunity. All those things under the umbrella of job creation. This bailout is a part of that.
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If you are the one who can make sense out of this, the biggest prize is that you are as qualified as Sarah Palinto be the next Vice President of the United States. That's right folks, this seemingly incoherent passage was spoken by Sarah Palin in response to a question from Katie Couric of CBS News.

Listening to this response seems to have pushed even Fareed Zakaria over the edge. In a column for Newsweek magazine, Fareed writes:
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This is nonsense—a vapid emptying out of every catchphrase about economics that came into her head. Can we now admit the obvious? Sarah Palin is utterly unqualified to be vice president. She is a feisty, charismatic politician who has done some good things in Alaska. But she has never spent a day thinking about any important national or international issue, and this is a hell of a time to start.
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If I were John McCain reading this column by one of the foremost authorities on International relations of our times, I would seriously consider withdrawing Sarah Palin from the ticket, before this coming thursday's Vice Presidential debate, to minimize any further damage. But again the decision depends on which McCain is reading the column at the time, the Maverick McCain or the McCain with political and personal courage who has shown time and again to put country before self.

Law Breakers or Law Protectors

In this day and age of constant terrorist attack treat , if this is how a supposed law protector is conducting himself, then god help the ordinary joe's.

Find the Economist's Challenge

Look and the picture below and try to find these economists: Peter Diamond, Dale Mortensen, Christopher Pissarides,Elhanan Helpman, Robert Barro, and Paul Krugman.




Other mismatch between the article and the pictures can be found by following this link

Paul Newman - RIP

Paul Newman the legendary actor passed away today. Of all the movies that he has acted in, one of my favorite is Butch Cassidy and the Sundance Kid,a classic western, in which he played Butch Cassidy.

Below are some of the scenes from the movie

Memorable Moments in the US Presidential Debate

With the first presidential debate between Sen John McCain and Sen Barack Obama set for today evening its time to look at the some of the most memorable moments in the presidential debates past. Some of these helped turn the election in a candidate's favor.

Time magazine has the list on their website and you can watch them here as well.

Questions on the $700 Billion Bailout

With the $700 Billion bailout being the talk of the town and Congress grilling the Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke with all sort of questions on this bailout, as a taxpayer, I thought this might be the right time for me to chime in with my own set of questions. So here you go....

1. How did the treasury come up with amount $700 Billion for the bailout?
2. What is the guarantee that the $700 Billion will solve the credit problem facing the various financial institutions?
3. If the $700 billions is not enough to rid the markets of all the bad assets? What then?
4. What is the upside for the taxpayers in bailing out the wealthy Wall Street elite?
5. What about all the people whose houses are in foreclosure or are about to go into foreclosure? Is there any help for them in this bailout?
6. Since I hear no talk about a tax increase, how is the government going to pay for the bailout when we already have a $500 Billion tax deficit every year?
7. Assuming the $700 billion is approved by the Congress, is there a process on how the money will be used to buy the toxic assets?
8. How is the treasury going to assign value to these assets so as to avoid overpaying for them?
9. Is there a priority on who gets to sell their assets first?
10. With the government already taking control of Fannie Mae, Freddie Mac and AIG and helping JP Morgan Chase buy Bear Sterns earlier this year, is there a plan to buy more companies with the $700 Billion?
11. If so how do you explain the irony of government taking control of private enterprises when the policy of this administration has been minimum government intervention in the functioning of free markets?

Picture Worth a Thousand Words

The most recent cover of The Economist magazine aptly captures the feeling of everybody on Wall Street and Main street.