American Madness

Intelligent Criticism in the Service of a Better Nation

The Long Goodbye

Query: Must we continue to spend a major part of all Medicare spending on ineffective medical treatment during the last year of life? Or, asked another way: Are we doing Grandpa and Grandma a favor by keeping them marginally alive with no quality of life?
We’ve all heard the scenario; 85 year old Grandpa Ike has [...]

Self-funding regulation:
Another stupid idea

Response to Top Securities Lawyers Call for Self-Funded S.E.C., in which it is stated that “Forty leading securities lawyers urged Congress on Friday to allow the S.E.C. to keep the hundreds of millions of dollars in fees it collects each year and use them to support its operations”:
We select among a series of bad options. [...]

I’m as mad as Hell and I’m not going to take it anymore!

The Bureau of Labor Statistice, http://www.bls.gov/news.release/empsit.nr0.htm, stated on October 2, 2009, that since the recession began in December, 2007,   7,600,000 jobs have been lost, 4,453,000 of them since November, 2008.  Today the government reported that the governments stimulus program has created approximately 30,000 new jobs.  At that rate, from November, 08 to September, 09 the [...]

The Decline and Fall of the U.S. – more of a trope every day

David Michael from Eugene, Oregon writes on the NYTimes’ boards today in response to Friedman’s latest column:
After having built a large home in Oregon during our “raising kids” days that cost over half a million, I find it ironic that my wife and I now live in a 200 foot square box that moves around [...]

Commercial real estate will be just fine

For months now, ZeroHedge and unfortunately other bloggers and even some mainstream publications have been warning of an impending commercial real estate meltdown that’s supposedly going to crush banks, petrify credit markets, stall the economy’s V-shaped rebound, and usher in an epoch of plague, locust, boils and the slaying of every real estate lender’s first-born. [...]

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