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	<title>There Is No Plan &#187; Economic Crisis</title>
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	<link>http://www.thereisnoplan.com</link>
	<description>Risk-averse policymakers should not read this blog.</description>
	<lastBuildDate>Mon, 31 Oct 2011 05:35:09 +0000</lastBuildDate>
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		<title>No Bailout Plan Will or Should Restore Fictitious Value</title>
		<link>http://www.thereisnoplan.com/2009/02/21/no-bailout-plan-will-or-should-restore-fictitious-value/</link>
		<comments>http://www.thereisnoplan.com/2009/02/21/no-bailout-plan-will-or-should-restore-fictitious-value/#comments</comments>
		<pubDate>Sat, 21 Feb 2009 16:24:19 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=818</guid>
		<description><![CDATA[Here&#8217;s your number one problem. We got into this mess because of inflated housing values, sourced from low interest rates, easy-lending, lax regulation and runaway derivatives. The bubble burst when price discovery kicked in and everyone realize they had nothing. The bottom fell out, and people who bought houses at fictitious valuations got slammed. The [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2009/02/21/no-bailout-plan-will-or-should-restore-fictitious-value/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stimulus Package. The Politics Of Panic.</title>
		<link>http://www.thereisnoplan.com/2009/02/20/stimulus-package-the-politics-of-panic/</link>
		<comments>http://www.thereisnoplan.com/2009/02/20/stimulus-package-the-politics-of-panic/#comments</comments>
		<pubDate>Sat, 21 Feb 2009 05:46:49 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Bush]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[economic policy]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[stimulus package]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/2009/02/20/word-flog-stimulus-package/</guid>
		<description><![CDATA[Who came up with the cockamamie idea of the &#8216;economic stimulus&#8217;? The Bushies. During the post Bear-Stearns policy meltdown, when Paulson and his merry band of idiots put together policy on the fly, all we heard was how we needed to stimulate the economy. Well, we did an awful lot of stimulating but we&#8217;re in [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2009/02/20/stimulus-package-the-politics-of-panic/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Robert Reich and Howard Dean. Where are They?</title>
		<link>http://www.thereisnoplan.com/2009/02/17/robert-reich-and-howard-dean-where-are-they/</link>
		<comments>http://www.thereisnoplan.com/2009/02/17/robert-reich-and-howard-dean-where-are-they/#comments</comments>
		<pubDate>Wed, 18 Feb 2009 07:18:49 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Cabinet picks]]></category>
		<category><![CDATA[Daschle]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[Gregg]]></category>
		<category><![CDATA[healthcare reform]]></category>
		<category><![CDATA[hhs]]></category>
		<category><![CDATA[Howard Dean]]></category>
		<category><![CDATA[Obama Cabinet]]></category>
		<category><![CDATA[Rahm Emmanuel]]></category>
		<category><![CDATA[robert reich]]></category>
		<category><![CDATA[stimulus package]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Treasury]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=782</guid>
		<description><![CDATA[Many left-leaning Democrats are asking the same question. Reich would have been a superb choice at Treasury and Dean an obvious choice at HHS. Both are tough, forward-thinking progressive politicians with total command of the briefs in question.  Many people inside and outside the Beltway are surprised that neither man was even in the running. [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2009/02/17/robert-reich-and-howard-dean-where-are-they/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Federal and State Deficits &#8211; Out of Sync</title>
		<link>http://www.thereisnoplan.com/2008/12/17/federal-and-state-deficits-out-of-sync/</link>
		<comments>http://www.thereisnoplan.com/2008/12/17/federal-and-state-deficits-out-of-sync/#comments</comments>
		<pubDate>Thu, 18 Dec 2008 04:21:28 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[balanced budget]]></category>
		<category><![CDATA[balanced budget amendments]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[federal deficit]]></category>
		<category><![CDATA[federal spending]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[infrastructure spending]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Railroad]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[state deficits]]></category>
		<category><![CDATA[State Spending]]></category>
		<category><![CDATA[Tax and Spend]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=623</guid>
		<description><![CDATA[America was built on Infrastructure. Take the Railroad Era, for example. Infrastructure represents a short term economic boost and long term economic investment. Just ask your average railroad baron. So If you agree that infrastructure spending is a keystone of economic recovery in the United States, then you&#8217;re likely to agree that, a) both the [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/12/17/federal-and-state-deficits-out-of-sync/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Why Did Obama Bypass Robert Reich?</title>
		<link>http://www.thereisnoplan.com/2008/12/17/why-did-obama-bypass-robert-reich/</link>
		<comments>http://www.thereisnoplan.com/2008/12/17/why-did-obama-bypass-robert-reich/#comments</comments>
		<pubDate>Wed, 17 Dec 2008 23:48:34 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[Cabinet]]></category>
		<category><![CDATA[Cabinet choices]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Economic Meltdown]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Obama Administration]]></category>
		<category><![CDATA[Recssion]]></category>
		<category><![CDATA[robert reich]]></category>
		<category><![CDATA[Transition]]></category>
		<category><![CDATA[US Economy]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=618</guid>
		<description><![CDATA[Of all the cabinet choices that Obama didn&#8217;t make, there are a few that really stick out. Not choosing Bill Richardson at State after he had switched loyalties from the Clinton camp early in the game and delivered a big jolt of legitimacy to the Obama team is one, but at least he got a [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/12/17/why-did-obama-bypass-robert-reich/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Gordon Brown Is Back!</title>
		<link>http://www.thereisnoplan.com/2008/12/14/gordon-brown-is-back/</link>
		<comments>http://www.thereisnoplan.com/2008/12/14/gordon-brown-is-back/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:01:02 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Bank Bailout]]></category>
		<category><![CDATA[British Parliament]]></category>
		<category><![CDATA[Brown]]></category>
		<category><![CDATA[Bush]]></category>
		<category><![CDATA[Capital Infusion]]></category>
		<category><![CDATA[Chancellor]]></category>
		<category><![CDATA[Conference]]></category>
		<category><![CDATA[Darling]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Gordon Brown]]></category>
		<category><![CDATA[Harold Wilson]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Labor]]></category>
		<category><![CDATA[Labor Party]]></category>
		<category><![CDATA[Labour]]></category>
		<category><![CDATA[Labour Party]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Pakistan]]></category>
		<category><![CDATA[Singh]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Turnaround]]></category>
		<category><![CDATA[UK]]></category>
		<category><![CDATA[Westminster]]></category>
		<category><![CDATA[Zardari]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=585</guid>
		<description><![CDATA[It was British Labour Prime Minister Harold Wilson who coined the term &#8220;A week is a long time in politics&#8221;, and while Gordon Brown&#8217;s astonishing turnaround as British Prime Minister has taken a little longer than that, it has been truly remarkable. When the British public turn on their leaders, they do it with a [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/12/14/gordon-brown-is-back/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;We Simply Cannot Ask The American Taxpayer To Subsidize Failure&#8221;</title>
		<link>http://www.thereisnoplan.com/2008/12/12/we-simply-cannot-ask-the-american-taxpayer-to-subsidize-failure/</link>
		<comments>http://www.thereisnoplan.com/2008/12/12/we-simply-cannot-ask-the-american-taxpayer-to-subsidize-failure/#comments</comments>
		<pubDate>Sat, 13 Dec 2008 05:00:09 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[Auto Bailout]]></category>
		<category><![CDATA[Auto industry]]></category>
		<category><![CDATA[Big Three]]></category>
		<category><![CDATA[Car Industry]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Financial Bailout]]></category>
		<category><![CDATA[Ford]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[GOP]]></category>
		<category><![CDATA[McConnell]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Republican Senators]]></category>
		<category><![CDATA[Subsidies]]></category>
		<category><![CDATA[Subsidy]]></category>
		<category><![CDATA[Waggoner]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=549</guid>
		<description><![CDATA[Study the words in the title, and take a think. Haven&#8217;t we already subsidized failure to the tune of hundred of billions in the last three months? Before Mitch McConnell uttered the phrase above, he made sure to try to separate the bailout of the auto industry from the bailout of the financial industry. The [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/12/12/we-simply-cannot-ask-the-american-taxpayer-to-subsidize-failure/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>700 Billion is the New $7 billion</title>
		<link>http://www.thereisnoplan.com/2008/12/06/700-billion-is-the-new-7-billion/</link>
		<comments>http://www.thereisnoplan.com/2008/12/06/700-billion-is-the-new-7-billion/#comments</comments>
		<pubDate>Sat, 06 Dec 2008 22:02:42 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Deficit]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Forbes]]></category>
		<category><![CDATA[G20]]></category>
		<category><![CDATA[G7]]></category>
		<category><![CDATA[G8]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[New Deal]]></category>
		<category><![CDATA[New New Deal]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[public works]]></category>
		<category><![CDATA[T-bills]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Treasury Bills]]></category>
		<category><![CDATA[US Debt]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=487</guid>
		<description><![CDATA[Things are turned way around when Liberals are agreeing with quirky, flat-tax Steve Forbes, but when called Hank Paulson the &#8220;worst Treasury Secretary in living memory&#8221; there are few diehard progressives that would disagree. But old Hank has at least done us one big, big favor. By steamrolling through the TARP at a cost of [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/12/06/700-billion-is-the-new-7-billion/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>After Rampant Consumerism &#8211; More Rampant Consumerism</title>
		<link>http://www.thereisnoplan.com/2008/11/28/after-rampant-consumerism-what-next/</link>
		<comments>http://www.thereisnoplan.com/2008/11/28/after-rampant-consumerism-what-next/#comments</comments>
		<pubDate>Fri, 28 Nov 2008 10:01:59 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Pop Culture]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[avatar]]></category>
		<category><![CDATA[black friday]]></category>
		<category><![CDATA[bling]]></category>
		<category><![CDATA[collective psyche]]></category>
		<category><![CDATA[consumerism]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[economists]]></category>
		<category><![CDATA[ego]]></category>
		<category><![CDATA[excess]]></category>
		<category><![CDATA[flat screen]]></category>
		<category><![CDATA[Foreclosures]]></category>
		<category><![CDATA[mall]]></category>
		<category><![CDATA[materialism]]></category>
		<category><![CDATA[materialistic]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[religion]]></category>
		<category><![CDATA[shopping]]></category>
		<category><![CDATA[spending habits]]></category>
		<category><![CDATA[spirituality]]></category>
		<category><![CDATA[stimulus package]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=335</guid>
		<description><![CDATA[You gotta love economists. In way more complicated language than is necessary, they tell us the party&#8217;s over for our free spending ways. It&#8217;s time to save. We leveraged ourselves up to the eyeballs for a flat screen TV. It&#8217;s time to save. We bet the housing market would go up forever and we were [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/11/28/after-rampant-consumerism-what-next/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>I Can&#8217;t Take My Eyes Off The Dow&#8230;</title>
		<link>http://www.thereisnoplan.com/2008/11/26/the-marketing-of-the-dow-jones-industrials-more-bs/</link>
		<comments>http://www.thereisnoplan.com/2008/11/26/the-marketing-of-the-dow-jones-industrials-more-bs/#comments</comments>
		<pubDate>Wed, 26 Nov 2008 22:17:08 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[advisors]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[DJI]]></category>
		<category><![CDATA[Dow Jones]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[equity market]]></category>
		<category><![CDATA[Free market ideology]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[gyrations]]></category>
		<category><![CDATA[hypnosis]]></category>
		<category><![CDATA[Market Volatility]]></category>
		<category><![CDATA[Nasdaq]]></category>
		<category><![CDATA[obsession]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[stock markets]]></category>
		<category><![CDATA[ticker]]></category>
		<category><![CDATA[Transition]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=323</guid>
		<description><![CDATA[The Dow Jones Industrials are widely regarded as a pretty poor indicator of where the overall equity markets stand, let alone the real economy. As one hedge fund manager suggested, &#8220;equity markets are a zit next to the bond markets.&#8221; And let&#8217;s not even mention the vast trillions in the derivative markets which have damaged [...]]]></description>
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		<slash:comments>0</slash:comments>
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