Wed, 24 December 2008 Jeff drops in from "off the grid," having spent a week away with no access to news and information. Listen in as he's filled in on the week's events with stunned audacity: how is it possible that $1 billion of our bailout dollars was spent on bonuses for bankers? Does Caroline Kennedy have the experience to be a US Senator? And what about the victim's of Madoff's Ponzi scheme? If they paid taxes on something that didn't exist, should they get their money back? Kind of like the financial version of, 'if a tree falls in the woods and nobody hears it, does it make a sound?' In this case, it made a big crash, but what is the fallout? Listen in to learn more. Comments[0] |
Tue, 16 December 2008 An Iraqi reporter hurled a shoe at George Bush in a fit of frustration, while Jeff and Glenn hurl all they've got at the Washington Elite in the 18th Episode of PoliTalk. Unlike the Iraqi, however, the PoliTalk guys hit their mark this week: Illinois Governor Rod Blagojevich for his outlandish fraud; Caroline Kennedy for her lack of credentials (does it really matter); the "Big 3" car companies for ponying up to the trough, and the politicians for filling it; Bernie Maddoff for his unbelievable, unscrupulous $50 billion ponzi scheme that hurt countless innocent people, and the makers of really bad television for leaving Glenn and Jeff off the political talk circuit for yet another week. Get your real political analysis here at PoliTalk. Comments[0] |
Tue, 9 December 2008 Elected officials again show profiles in political weakness by buckling to pressure to bailout the big 3 auto manufacturers. As if the lessons of the financial bailout weren't disastrous enough (fool me once, shame on you, fool me twice, shame on me...). As if caught in a web of bizarre reverse Darwinism, only the weak shall survive. If you're strong enough to run your business well, you only have to worry about banks freezing credit, the economy crippling your business and making ends meet. But if you fail spectacularly, I mean really, really badly, well, then you are rewarded. John Thain, CEO of Merrill Lynch, is reportedly seeking at $10 million bonus this year. The car makers, who have essentially run their dinosaur-of-a-business into the ground, are now seeking $35 billion in federal money to prop them up. AIG... well, we know the story there. So the lesson to all you kids out there: don't work too hard, take your private jets whenever possible, seek out-of-this-world compensation for something you really haven't done, and if you fail, don't worry, the federal government will be there to bail you out. But if you're one of those who live lives of quiet desperation, who live a decent, unremarkable life, but maybe you're on the brink of financial disaster -- you get screwed. Welcome to the new world economy. We're mad as hell, in a funny, intellectually, riotous, quirky, lovable kind of way. You'll laugh, you'll cry, you'll ask for more. Catch the latest episode of PoliTalk: where politics and policy meet real people. Comments[0] |
Tue, 2 December 2008 Like a bizarre kabuki dance, nobody seems to be taking the lead infixing the economy. Oh, and thanks to the Government for finally acknowledging what we all knew: we are, in fact, in a RECESSION. Want more bad news? The folks from the auto industry are now driving to DC to ask for their $25 billion in bailout money, while AIG spends our money on "cash awards" (that's corporate weasel language for big bonuses, as in $3 million to one person). More bad news? Jeff and Glenn still don't have a morning show on MSNBC (or any cable outlet). Won't you help? Someone in MSNBC… take charge, this show will make your career! Comments[0] |

