This blog's name comes from former Ronald Reagan speechwriter Peggy Noonan's off-camera description of the process that John McCain employed in choosing little-known Alaska Gov. Sarah Palin as his vice presidential running mate in the 2008 presidential campaign.
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Showing posts with label cartoonist. Show all posts
Showing posts with label cartoonist. Show all posts
Tuesday, May 18, 2010
Monday, March 8, 2010
Sunday, September 21, 2008
Wassup Wall Street? Foreshadowing Disaster with Cartoonist David Willson

"Cramer was pitching fits on television for Fed Chairman Ben S. Bernanke to wake up and smell the impending subprime meltdown. Bernanke was, in a word, detached concerning the whole thing and held out for quite some time before he eventually started cutting rates. But then after that, started cutting them with abandon. Today, he's been heard to say he's got $800 billion at his disposal, if need be, to bail out failing Wall Street institutions. Which is, of course, exactly what the third character in my cartoon wants. Back then, the Investment Banks and Funds were mainly lobbying Washington to have their $ billions in profits classified as capital gains rather than income. Now, they have Congress exactly where they want them ... soiling their pants, with Bernanke and Treasury Secretary Henry M. Paulson Jr. doing their lobbying for them."
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