Professor Elam

We recently discussed the possibility that the economic problems in the US might lead to the break up of the US. Students noted a Russian economist has written a book predicting this would happen in 2010.  The link is to a WSJ article by the way.

Now that noted political scientist, Chuck Norris, is hosting a Glenn Beck sponsored protest of some sort from his ranch (every actor and political type with more than one section in Texas claims it is a ranch….).  My point, the idea of widespread income distribution to those that foolishly borrowed with no equity is not selling well to those that did not do that. We have previously noted another set of Tea Party Protests set for April 15. We suspect that that like George Bush, the high initial ratings for the Administraion are in danger. Yesterday a newly elected  female Democrat from the Bay Area oposed Nancy Peolosi's latest spending plans, hmmm……Indeed less than one hundred days into this new administration Harry Reid and Nancy Pelosi are already running into Senate resistance to passing their legislation. And they have 58 Dem votes.