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    • It’s Not OK To Think Everything Is OK Or Getting Better and Better
      I’ve discussed the better than ever world argument before. I find it questionable, for a number of reasons and if that interests you read the linked article and the articles it links to. What I’ve been watching is WHO likes and buys the argument. They fall into two groups: the first are techies; the second […]
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Late Night Open Thread: CNBC’s Mark Haines vs. Rep. Brad Sherman (D-CA)

Pro-Wall Street CNBC host Mark Haines accuses Congress of “witch-huntery.” Sherman gives as good as he gets. The arrogance of the CNBC interviewers is stunning. Sherman is a member of the House Banking Committee.

“You know, this is witch huntery, I’ll be perfectly honest with you,” Haines said. “You and people who share your opinions seem to feel that you know, let’s hold salaries on Wall Street to $100,000. Do you have any idea what Wall Street would look like if they did that?”

“All the business would go overseas,” Haines said. “That’s the bottom line.”

Sherman voted against the orginal TARP last October, and famously said in Congresss that in private meetings “a few members were even told that there would be martial law in America if we voted no.” This is his full speech. He’s talking about things that the administrations is supposedly just finding out about. The martial law comment is at the end, around 9:15.

This one is from Fox News today.

This is an open thread. Economics talk is not required. Feel free to post your favorite music video links and sip a glass of something if you are so inclined.