13 March 2009

Where critique happens now

25 February 2009

11 February 2009

NRO: Best conservative movies of the last 25 years

Coming in at #22, without any irony whatsoever:

Brazil (1985): Vividly depicting the miserable results of elitist utopian schemes, Terry Gilliam’s Brazil portrays a darkly comic dystopia of malfunctioning high-tech equipment and the dreary living conditions common to all totalitarian regimes. Everything in the society is built to serve government plans rather than people. The film is visually arresting and inventive, with especially evocative use of shots that put the audience in a subservient position, just like the people in the film. Terrorist bombings, national-security scares, universal police surveillance, bureaucratic arrogance, a callous elite, perversion of science, and government use of torture evoke the worst aspects of the modern megastate.

10 February 2009

With a bang and a whimper: 2:00 p.m. EST; September 18, 2008

Rep. Paul Kanjorski (D-PA): "On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn't be further panic out there.

If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.

We are no better off today than we were 3 months ago because we have a decrease in the equity positions of banks because other assets are going sour by the moment."