Daily Archives: November 10, 2008

Obama Campaign’s Battle Plans

RichardH has suggested the article Battle Plans by Ryan Lizza in The New Yorker, Nov 17, 2008.

I am only up to page 3 of this 8 page article, but I am enjoying reading it very much. If this article had only been published before the election, I would have tried to vote for Obama twice.

The article just reinforces the idea that he actually is what I voted for.

I have finished the article. I was tempted to quote the last paragraph here as an inducement to get you to read the article. I stopped myself, though. That would be like telling you the butler did it in order to get you to read a mystery novel.

A Quiet Windfall For U.S. Banks

Follow this link to read the Washington Post story on the recent Tax Ruliing by Treasury Secretary Paulson that gives banks an estimated $140 billion tax break.

It is hard to know what to make of this story.  If rescinding this decision would do great harm to the economy, then maybe it was not a bad decision.  Should Congress be in the business of making laws that wreck the economy just so they can exert their authority?

If it was a bad decision, then there ought to be a way to put it right without wrecking the economy.

Until this contradiction can be answered, then I don’t think we have enough information to decide what to do.  This news story is just the beginning of what we need to know.

Any comment from the tax and economic experts reading this post?