Don’t Let Them Do It!

By Renn Vara

One of the great lessons I learned early in my working life is never be pressured into doing anything fast. If someone says, “The deal is only available now. If you don’t take it by this date/time, you’ll have missed this opportunity.” Always, always say ‘no’ when given these ultimatums. Right?

So why should we rush to spend $700B on a so-called rescue plan for Wall Street? This breaks all the rules I’ve grown to understand; free enterprise, the wisdom of markets, the role of capital markets, and the reality of failure. So what’s this all about really?

$700 Billion? Really?

By Renn Vara

Isn’t it amazing how much we don’t know? Does anyone have any faith that our political leaders and federal monetary pros have any idea what they’re doing? Echoes of false pre-Iraq assessments fill my brain when I hear these people say “we have to do this!” Really, do we?

I’m sitting here watching the cable networks, CNBC, Fox Financial, MSNBC, and of course CNN. I’m learning nothing. Only expanding my initial confusion. What about you?

I Love Chris Matthews

By Renn Vara

Ok, not really.  But did you catch him ripping a Republican Congressman a new one on Wednesday?  Damn.  He went after him accusing the Rep of “trying to change his uniform” in the middle of battle.  He drove home the point that our country has lost tremendous value in the last few days and repeatedly asked “Where is the President?!!”  And he made it abundantly clear that the current financial crisis – along with other minor issues like the war and our standing in the world – are directly related to eight years of rule by Republicans.

We’ve Become Wimps

By Renn Vara

“I don’t know what I’m going to do. I hope FEMA can help me,” quoted by a homeowner in Galveston, Texas. This is the result of an economic system that doesn’t consider the health of the middle class. Those of you who are rich will now realize the truth of your wealth. If we don’t take care of the middle class, you will be forced to by a failed economy and/or government bail outs of banks and other financial institutions.

Keith Olbermann and Air America Are Useless

By Renn Vara

I am a proud progressive. Let me say that again, I AM A PROUD PROGRESSIVE! Can I now move past the bonafidies and say a few words about the angry left?

Education, the poor, the middle class, foreign affairs, infrastructure, jobs, equal pay, living wages, environment, big oil, you name it, we’ve lost it. Our Party, our Democratic and progressive leaders have failed us badly. Not only failed us but done us damage.