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By gzt (Fri Oct 03, 2008 at 07:53:19 AM EST) gzt, mccain, economy, going forward (all tags)
I'm no financial expert. I'm not even a finance novice. I'm just some sort of young fool. I don't quite know what to think of this financial crisis and the rescue (not bailout, I've been advised) package.

I have no idea if the plan itself is any good - a lot of economists think it's a terrible idea (for instance, Nobel laureate Joe Stiglitz, one of Obama's economic advisors). I have no idea whether it will work. I have no idea if it is necessary. I don't know what will happen if it is or is not passed. Even some of the economists who hate it for very persuasive reasons give a mild recommendation that it pass only on the basis that doing SOMETHING rather than NOTHING - even at a cost of nearly a trillion dollars - may be necessary to prevent immediate panic and get us through the election to a point where somebody can actually get real work done. I certainly hate the idea of the moral hazard any sort of rescue plan creates, since it inevitably means that people will continue to behave in exactly the same way. We bail people out all the time and all it does is encourage and reward more risky behavior.

While I would certainly not have voted for him in 2000 if he had won the nomination, McCain was a far better man for the job back then than he is today. There is only one small point where he has changed for the better in my mind, in every other way he has deteriorated. Most of that change has been since 2004.

Maybe I should just flee to Georgia (Iberia). A buddy of mine just got back from a year there, so he has some contacts and I have some contacts. If you're going to live in a volatile country with a collapsing infrastructure, might as well do it right and have some adventure.

I hate the phrase "going forward". I am making a note in my style guide to remove it from usage. At least it's not as bad as "ongoingly", which I heard an executive use twice in 10 minutes.

I really should study for that test next month.

I fell a little behind on pushups.

I spent the morning making some minor changes to a table in some database and then modifying the data entry forms and making sure it all worked out. Yawn. I hope those data entry monkeys enjoy it.

< Sweet ride. | Not a slow news day >
on finances | 2 comments (2 topical, 0 hidden)
McCain by ucblockhead (2.00 / 0) #1 Fri Oct 03, 2008 at 08:23:29 AM EST
In 2000, I was upset that both McCain and Bradley lost their respective nomination battles because I thought they would have created a more reasoned, issue-based election.  I have no idea if I was simply completely wrong about this or if McCain has, indeed, changed.
[ucblockhead is] useless and subhuman
doing something rather than nothing by dr k (2.00 / 0) #2 Fri Oct 03, 2008 at 10:19:25 AM EST
Oh what a fantastic time we live in, where major policies are based on the Precautionary Principle - just because you can't prove that something will happen is no reason to not take action to prevent it.

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on finances | 2 comments (2 topical, 0 hidden)