"That some should be rich, shows that others may become rich, and, hence, is just encouragement to industry and enterprise."
-- President Abraham Lincoln - 1864
"The supply-side claim is not a claim. It is empirically true and historically convincing that with lower rates of taxation on labor and capital, the factors of production, you'll get a bigger economy."
-- U.S. Rep. Jack Kemp
In a fight between Jim Webb and Ollie North, who would win? Oh, that's right, we already know the answer to that question.
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Redskins Insider Latest from RPVConsumer confidence unexpectedly improves in Sept.
The Conference Board said Tuesday that its Consumer Confidence Index is now at 59.8, up from a revised 58.5 in August. Economists surveyed by Thomson/IFR expected a reading of 55.5.
As of 1 p.m. the Dow Jones Industrial Avg. was up (+274.15 / +2.64%) at 10,639.60.
So much for the Armageddon scenario if the bailout package failed.
Filed under: Economics, National Politics
“You and I have a rendezvous with destiny. We will preserve for our children this, the last best hope of man on earth, or we will sentence them to take the first step into a thousand years of darkness. If we fail, at least let our children and our children's children say of us we justified our brief moment here. We did all that could be done.”
-- President Ronald Reagan from "The Speech" - October 27, 1964
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Let the bankruptcies commence – all that will change is ownership of these companies.
And undoubtedly the new owners will be vast improvements.
Odds are definitely in favor.