Archive for February 2nd, 2009

Quote Of The Day

The income tax has made more liars out of the American people than golf has. Even when you make a tax form out on the level, you don’t know when it’s through, if you are a crook or a martyr.                                                                   Will Rogers

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The Daschle Affair

I’ve always felt that Presidents should get the counselors they want. The duty of Congress in approving cabinet secretaries and other functionaries should probably be limited to insuring that they aren’t wanted by some law enforcement agency or simply too dumb to function in the job. Otherwise, do some grandstanding and then let it go. [...]

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Mixed Messages From Washington To The Banks

The talking heads and politicians seem intent on making bank lending or the lack thereof the central point of any bank bailout bill. The conversation is starting to veer into the surreal as bank lending standards become confused with bank lending levels. Fortunately, there are still some sane people about and one of them wrote [...]

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Home Price Slide Hits Even The Best Areas Of LA

There’s an interesting article in the LA Times this morning about home prices in the tonier areas of LA starting to fall. It seems that some of the areas have seen price declines of up to 30%. You’re probably saying so what else is new. Actually, this news represents a sea change and buries the [...]

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