Mercury Rising 鳯女

Politics, life, and other things that matter

Archive for March 25th, 2009

About That Two-Day Delay

Posted by MEC on March 25, 2009

The press corpse is so concerned about President Obama waiting two whole days before making a public statement about the AIG bonuses that he was even asked about it during last night’s press conference.

How many days was it before George W. Bush visited New York after nearly 3,000 people died in the World Trade Center? And how many reporters asked him why it took so long?

I guess such things are only important when a Democrat is in the White House.

Posted in beat the press | 1 Comment »

This ‘n’ That

Posted by Phoenix Woman on March 25, 2009

Back when the whole teetering credit tower toppled last fall, there were people on all sides of the political spectrum saying that there was no need to bail out the banks because credit wasn’t tightening up at all. For instance, there was David Cay Johnston:

If you look around, you’ll notice that banks are still making ordinary loans to ordinary businesses. Your mailbox is still full of proposals to sell you credit cards and extend you debt. The Internet still has ads for these very toxic mortgages that are at the heart of this. They’re being advertised all over the Internet.

Except that the banks weren’t lending, and in many cases still aren’t lending, not unless they’re credit unions. I know a couple that wants to refinance but can’t because the bank won’t let them — and their credit is perfect. And I don’t know about you, but I hadn’t seen those internet ads in months, up until this week. As for the snail mail ads, I used to get three a day. Now it’s more like three a week. Maybe.

Posted in bailout, banking | 1 Comment »

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