When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Tuesday, May 14, 2013

In Washington--business as usual

"The government we have is not the government we need. We live in a 21st-century economy, but we've still got a government organized for the 20th century. . . . No business leader would allow this kind of duplication or unnecessary complexity in their operations. You wouldn't do it when you're thinking about your businesses. So why is it okay for government? It's not. It has to change."--Barack Obama, January, 2012

Review & Outlook: Pritzker's Progress - WSJ.com: "President Obama presumably nominated Penny Pritzker to be Commerce Secretary for reasons other than her record-breaking fundraising as his 2008 campaign chair. And we assume it's despite her history of investing in toxic mortgage-backed securities and her family trusts' allegedly copious use of offshore tax shelter strategies. (Treasury Secretary Jack Lew was confirmed despite similar history.) . . . "

Oh, nothing changes, everything stays the same--in Washington D.C. Talk is cheap.

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects