Buffett betting on bank bailout?............

If you're looking for proof that Too Big to Fail is still alive, and that Washington won't leave large financial institutions to the mercies of capitalism, consider billionaire Obama fundraiser Warren Buffett's $5 billion bet on struggling Bank of America.Link

Great stuff.

Austrian economics is discussed

Religion and Hurricanes.....

Bernanke has no answers.

JACKSON HOLE, Wyo. — In a key speech on the economy Friday, Federal Reserve Chairman Ben Bernanke proposed no new steps to boost growth, but did hint that Congress may need to act to stimulate hiring and the economy.Link

US May Back Mortgage Refinancing...........

The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing.Link

Ron Paul Leaps Past Bachmann in Latest Poll.

Ignored by the media and dismissed by the Republican Party in general, liberty-minded Congressman Ron Paul leaped into third place today in the Gallup Presidential Nomination preference poll. Paul jumped over Michele Bachmann, the Tea Party darling/lunatic, relegating her to fourth-place in the current poll. Here's how the numbers shake out today.Link

'Missing' lager yeast discovered in Patagonia.

A fruit fly's journey from Patagonia to Bavaria could be the reason we enjoy nice, cold-brewed lager beers today. The missing parent of the hybrid yeast used for brewing lagers has just been discovered in Patagonia. Link

The Real Hostages.

Who are the hostage takers? To hear the Obama White House tell it, they are the Republicans, and perhaps some bankers. But the metaphor is a clunky one at a time when actual, live Americans are being held hostage by enemy countries.Link

Obama in Close Race Against..................

PRINCETON, NJ -- President Barack Obama is closely matched against each of four possible Republican opponents when registered voters are asked whom they would support if the 2012 presidential election were held today. Mitt Romney leads Obama by two percentage points, 48% to 46%, Rick Perry and Obama are tied at 47%, and Obama edges out Ron Paul and Michele Bachmann by two and four points, respectively.Link

Political Punch.

ABC News’ Luis Martinez (@LMartinezABC) reports: The cost of U.S. military intervention in Libya has cost American taxpayers an estimated $896 million through July 31, the Pentagon said today.Link

Loves Jon Huntsman but Ignores Ron Paul.

Jon Huntsman won't win the GOP nomination, or so pundits assure us. But he is getting press attention anyway because he decided to start telling his fellow Republicans truths that they don't want to hear. In quick succession, he trumpeted his belief in evolution, said climate change is caused by humans, and insisted that it was essential to raise the debt ceiling. Says James Fallows, "I'm relieved to see someone in the party trying to pull it back from the abyss." (Me too.) Andrew Sullivan goes even farther. "Huntsman has a prophetic role in this campaign if he chooses to adopt it: the truth-teller," he writes. "His chances are so slim, he loses nothing by speaking this candidly.".Link

Rick Perry’s Superficial Extremism.

Texas Gov. Rick Perry often talks like he’s ready to refight the Alamo—this time against Washington. He rails about the stimulus and the expansion of federal power while flirting with the idea of devolving control of entitlements to the states.Link

Obama's Department of Failed Ideas.

The Obama administration is finally going to focus on jobs—again. Jobs, jobs, jobs. And nothing says jobs like food stamps, unemployment insurance, and a shiny new federal department of ... yes, jobs!.Link

Republicans target Fed.

WASHINGTON, Aug 16 (Reuters) - The White House denounced Republican presidential candidate Rick Perry on Tuesday for his threatening remarks toward the head of the U.S. Federal Reserve that represented some of the most inflammatory rhetoric of the 2012 election campaign.Link

The only grown-up running for president......

As the race for the Republican nomination heats up, there's one candidate who's been largely ignored by the mainstream media. But Ron Paul is talking sense and more people ought to listen to him. The Texas congressman has visionary ideas about where the country ought to be going and what sea changes are necessary in order to continue being a superpower.Link

Ron Paul remains media poison.

I admit I do not fully understand Ron Paul and his beliefs. But I do understand when a guy gets shafted, and Ron Paul just got shafted. On Saturday, the Ames Straw Poll was conducted in Iowa amid huge media interest and scrutiny. The results were enough to force one Republican candidate, Tim Pawlenty, out of the race, and catapult another, Michele Bachmann, into the “top tier.”.Link

Iowa Straw Poll: Ron Paul within 1% of 1st!...

1. 28.56% (4823 votes) – Michele Bachmann
2. 27.65% (4671 votes) – Ron Paul
3. 13.57% (2293 votes) – Tim Pawlenty
4. 9.81% (1657 votes) – Rick Santorum
5. 8.62% (1456 votes) – Herman Cain
6. 4.25% (718 votes) – Rick Perry (write-in)
7. 3.36% (567 votes) – Mitt Romney
8. 2.28% (385 votes) – Newt Gingrich
9. 0.41% (69 votes) – Jon Huntsman

Ron Paul Wins Iowa GOP Debate.

The verdict is in - Ron Paul won last night's GOP Presidential debate in Ames, Iowa. Much to the chagrin of the neo-cons at Fox News, the polls, and applause, overwhelmingly showed that the people thought Ron Paul won the debate. Fox News was even forced to take down its own poll from its website after Paul crushed the competition in a landslide. Readers can can view that poll here. This is the largest online GOP debate poll, and just under 30,000 Americans have voted. Ron Paul has received a whopping 16,188 votes thus far, which is more than triple the support of runner-up Newt Gingrich.Link

Pot Legalization to End Border Violence.

Gary Johnson is now the only GOP presidential candidate whose policy position on U.S.-Mexico relations does not involve predator drones or unassailable walls. Instead, the former two-term New Mexico governor made the case in a Washington Times op-ed and again on his “Truth for a Change” blog that border violence is tied to--gasp--drug trafficking:.Link

The Daily Show
Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

The Daily Show
Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

Visit msnbc.com for breaking news, world news, and news about the economy

Obama Gets a Blank Check for Endless War.

The Obama administration is on pace to have more American soldiers killed in casualties related to the wars in Iraq and Afghanistan than the George W. Bush administration did in its first term.Link

Obama's job approval....

WASHINGTON — A USA TODAY/Gallup Poll finds signs that another "wave" election with the potential to dramatically change the capital's political makeup may be building.Link

Seal Team Six is Gone...

KABUL, Afghanistan (AP) — A military helicopter was shot down in eastern Afghanistan, killing 31 U.S. special operation troops, most of them from the elite Navy SEALs unit that killed al-Qaida leader Osama bin Laden, along with seven Afghan commandos. It was the deadliest single incident for American forces in the decade-long war.Link

Switzerland pays price for fiscal sanity......

GENEVA (AP) -- Switzerland has a balanced budget, low unemployment and a strong currency. On the face of things, the pristine Alpine nation has much to be proud of amid the economic turmoil in surrounding Europe and the United States.Link

More Skateboarding Videos

The Daily Show
Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

Human genes can be patented...........

The United States Court of Appeals for the Federal Circuit ruled in a 2 to 1 decision Friday that human genes can be patented because the DNA extracted from cells is not a product of nature.Link

Bush 2.0................

The election of President Obama was in no small part, a referendum on the administration of George W. Bush, and his victory was interpreted as a sound rebuke to eight years of open ended warfare, a vast and growing police state, the destruction of civil liberties, disregard for the Constitution, unchecked executive power, lies and broken promises, hypocrisy and arrogance, a lack of transparency in government, out-of-control federal spending, fever-pitch fearmongering, rampant corruption, and some really stupid gaffes. But what have we gotten instead?.Link