My 2008 Obsession

Michael Lewis is featured in this old 60 Minutes piece about The Big Short. Lewis should be undergoing a self-imposed writer’s rehab for not immediately being suspicious of Sam Bankman-Fried.

Have I used that video before? Doesn’t matter, because the Financial Crisis of 2008 is always worth another visit, especially now that anti-regulatory Republicans have once again seized power. Maybe Trump will pardon fellow felon SBF and put him in charge of the Fed.

What Goes Up Must come Down

In 1993, Clinton inherited a recession from Bush Sr. Eight years later, he left office with a budget surplus. In 2009, Obama inherited the Great Recession from Bush Jr. Eight years later, he left office with a solid economy. Four years ago, Biden inherited Trump’s Covid recession. He’s now handing Trump the economy that’s “the envy of the world.”

https://www.economist.com/special-report/2024-10-19

In four years, will Trump continue what has become a Republican presidential tradition, of leaving office with the economy in a mess (assuming he’s willing to leave office)? Liberal economist Paul Krugman weighs in with his concerns about Trump’s economic policies. Krugman is usually good about admitting when his predictions turn out to be wrong.

Turning the Page Back

“Turn the Page” was a very weak slogan for Kamela’s campaign, but considering the strength of Trump’s win, nothing she did or didn’t do could have kept him from returning to the scene of the crime.

I’m casting my blog brain back to the interesting month of October, 2011, during the halcyon years of Obama’s first term. You’ll have to ignore the dead links and formatting problems that I’m not going to bother fixing.

https://dograt.com/2011/10/