I have been thinking a lot about the economy and what has been happening on the financial markets.  For my few devoted readers, you may recall my post two weeks ago related to FAS 157 and why we are in a financial death spiral (READ IT HERE).
With that said, I want to go on the [...]

Last night, I had dinner with several venture capitalist guys who are all a heck of a lot smarter on the financial markets situation and the proposed bailouts than I am.  Here was the crux of the conversation:
1) The largest issue with the banking crisis is FAS 157 (FASB is the Financial Accounting Standards Board [...]

Whenever I describe my political views, I generally state: “I am socially liberal, financially conservative”. This means I generally vote for conservative Democrats and Liberal Republicans. I am not into extremes. One of the main reasons I tend to lean Republican is: fiscally the Republican Platform makes more sense to me. As a businessman and an individual, I have studied the pros and cons of a free market society and I believe in most cases, the free market is the best way to insure growth and prosperity for ALL citizens.

Today I am scratching my head wondering how the fiscally and socially conservative Republican Party has seemingly overnight turned into a socialistic society. Those on the Democratic side of the street claim the bailouts being proposed and executed (a good word for it) is simply cronyism, which is completely absurd. I believe the real issue is the current Republican Government (good old GWB) is attempting to stabilize the economy in a fairly transparent effort to bolster support for John McCain. First and foremost, I do not believe McCain needs that sort of help, secondly, IT IS STUPID, DESTRUCTIVE, AND EXACTLY WHAT WE DO NOT NEED!