Cramer (5:47): “I’ve always favored higher taxes for the rich, including myself”.
Mathews: Where will the money come from to bail out Fannie and Freddie?
Cramer (6:36) “It’s called the printing press. … We have no choice, we gotta start printing left and right.”
Mathews: “am I talking to Robert Mugave here?”
So, Jim, how will high taxes and runaway inflation “save the economy”?
A clip from yesterday’s “Hardball”:
At the 6:00 mark, Matthews refers to subscribers of the “New Yorker” magazine as “very sophisticated”. He then goes on to contrast them to the people who will see the cover image on his own network.
Chris: just how unsophisticated are your viewers?
On a side note, “New Yorker” editor David Remnick states (5:38) that the ideas of Obama being “insufficiently patriotic” and his wife being a “60’s style revolutionary” are “nonsense”. Too bad.
WCSH:
The town council is looking at two proposals that would allow wind turbines. The first proposal would allow smaller turbines for residential use; the second would restrict the turbines to only town owned properties.
Why does the “town council” have the authority to dictate how private property owners may use their land and provide for their own energy needs?
As the dollar continues to depreciate, thanks to reckless policy by the Fed and government at all levels, you’ll likely be paying more for natural gas very soon.
Do cameras in public places actually make anybody safer? No, says Bruce Schneier, internationally renowned security expert in his latest Crypto-Gram newsletter.
BBC:
CCTV is not as useful in the fight against crime as was previously thought, according to government research.
The 178 video cameras that keep watch on San Francisco public housing developments have never helped police officers arrest a homicide suspect even though about a quarter of the city’s homicides occur on or near public housing property, city officials say.
Massive investment in CCTV cameras to prevent crime in the UK has failed to have a significant impact, despite billions of pounds spent on the new technology, a senior police officer piloting a new database has warned. Only 3% of street robberies in London were solved using CCTV images, despite the fact that Britain has more security cameras than any other country in Europe.