Daily Digest

Daily Digest 7/30 - Countdown To Debt Decision, Ron Paul's Urgent Warning, Carmakers Back Strict New Rules For Gas Mileage

Saturday, July 30, 2011, 9:44 AM
  • Boehner Passes a Debt Plan That Won't Go Anywhere
  • This Country Defaulted Long Ago
  • Why The Debt Crisis Is Even Worse Than You Think
  • Is Standard and Poor’s Manipulating US Debt Rating to Escape Liability for the Mortgage Crisis?
  • A Must Watch: Ron Paul's Urgent Warning! 
  • Just Before Deadline, County in Alabama Delays Bankruptcy Move 
  • Carmakers Back Strict New Rules for Gas Mileage
  • That's Not Trash, That's Dinner

Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

Economy

Boehner Passes a Debt Plan That Won't Go Anywhere (jdargis)

"I stuck my neck out a mile to try to get an agreement with the president of the United States," Boehner said forcefully in a speech before the House voted, over boos presumably issued by Democratic lawmakers. "A lot of people in this town can never say yes."

His debt-limit bill narrowly passed by a 218-210 margin. Among his fellow Republicans, 17 voted against it; no Democrats voted in favor.

This Country Defaulted Long Ago (JimQ)

The mainstream media acts as if not raising the debt ceiling by next Tuesday will result in America defaulting. This is a crock. America chose to proceed on a path to default decades ago. We are just finally reaching our destination. Below are the choices we made as a people and a country to default on our obligations and eventually destroy our country:

Why The Debt Crisis Is Even Worse Than You Think (jdargis)

For all our obsessing about it, the national debt is a singularly bad way of measuring the nation’s financial condition. It includes only a small portion of the nation’s total liabilities. And it’s focused on the past. An honest assessment of the country’s projected revenue and expenses over the next generation would show a reality different from the apocalyptic visions conjured by both Democrats and Republicans during the debt-ceiling debate. It would be much worse.

Is Standard and Poor’s Manipulating US Debt Rating to Escape Liability for the Mortgage Crisis? (Penny P.)

This rumbling has been coming from Capitol Hill for a while, which made us start asking questions about what was really going on with Standard and Poors. It felt like there’s a story-behind-the-story driving S&P’s actions in the debt ceiling debate, which appear inexplicable at face value and go way beyond what Moody’s or Fitch have done. And the more we looked at the timeline of events, the more we wondered how the intertwining dramas of a) S&P downgrade threats, b) the liability that the ratings agencies may have for their role in the 2008 financial meltdown, and c) the GOP’s attempts to insulate the ratings agencies from b) are all impacting each other.

A Must Watch: Ron Paul's Urgent Warning! (June C.)

http://www.youtube.com/watch?feature=player_embedded&v=FHCkFPaePPQ#at=165

Just Before Deadline, County in Alabama Delays Bankruptcy Move (jdargis)

Hours before a deadline Thursday, the commissioners agreed to delay the vote on a bankruptcy filing for seven more days, while they reviewed the new offer from the county’s creditors. The proposal would reduce the total amount owed and use state backing to bring down the county’s interest rate.

Carmakers Back Strict New Rules for Gas Mileage (jdargis)

The new standards are seen by the Obama administration as critical to reducing oil consumption and cutting consumer expenses at the pump, and the White House made it clear to Detroit executives that the changes were coming and they needed to cooperate.

It is an extraordinary shift in the relationship between the companies and Washington. But a lot has happened in the last four years, notably the $80 billion federal bailout of General Motors, Chrysler and scores of their suppliers, which removed any itch for a politically charged battle from the carmakers.

That's Not Trash, That's Dinner (jdargis)

“Some people these days are so unfamiliar with vegetables in their natural state, they don’t even know that a broccoli stalk is just as edible as the florets,” said Julia Wylie, an organic farmer in Watsonville, Calif. The produce she grows at Mariquita Farm is served at Bay Area restaurants like Delfina, Zuni Cafe and Chez Panisse.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

5 Comments

littlefeatfan's picture
littlefeatfan
Status: Silver Member (Offline)
Joined: Jul 20 2009
Posts: 141
Weekly summary of 3E links and cartoons posted

Weekly summary of 3E links, cartoons, and resources posted at http://3es.weebly.com/ 

dps's picture
dps
Status: Martenson Brigade Member (Offline)
Joined: Jun 27 2008
Posts: 442
Ron Paul's 5:35 minutes

I thing Ron Paul makes a lot of sense.  What a refreshing voice he is compared to the dribble coming from the White House and Capital Hill.  hugs ... dons

Kazrak's picture
Kazrak
Status: Member (Offline)
Joined: Jun 18 2009
Posts: 2
Ron Paul's Urgent Warning
DailyDigest wrote:

A Must Watch: Ron Paul's Urgent Warning! (June C.)

The text of this video is from the last quarter of Ron Paul's 2011-01-21 "State of the Republic Address" found at:

http://tinyurl.com/3m4ryvd which redirects to

http://paul.house.gov/index.php?option=com_content&task=view&id=49&Itemid=60

Wendy S. Delmater's picture
Wendy S. Delmater
Status: Diamond Member (Offline)
Joined: Dec 13 2009
Posts: 1982
John Mauldin's take

“I won’t keep you in suspense any more. Here’s my take: MOMENTUM IS BROKEN. A big, ol’ monkey wrench, courtesy of input arising from the change in inventory and Imports. And once momentum stumbles, then H2 growth becomes a wild card, right?”

An economy at stall speed.

Kazrak's picture
Kazrak
Status: Member (Offline)
Joined: Jun 18 2009
Posts: 2
Oops. typo on the date
Kazrak wrote:
DailyDigest wrote:

A Must Watch: Ron Paul's Urgent Warning! (June C.)

The text of this video is from the last quarter of Ron Paul's 2011-01-21 "State of the Republic Address" found at:

http://tinyurl.com/3m4ryvd which redirects to

http://paul.house.gov/index.php?option=com_content&task=view&id=49&Itemid=60

Oops. That should be 2010-01-21. Sorry about the typo.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments