Do We Have to Take Michelle Bachmann Seriously, Palin Disses Romney, Nancy Pelosi Returns from Unreality . . .

And Other News That Needs Commenting on

Salon asks the question of whether or not we have to take Michelle Bachmann seriously.

Easy answer, No.

Sarah Palin, remember her, did a nice job on Mitt Romney today.  As Mr. Romney was making his (1st sarcasm alert) surprise announcement  in New Hampshire that he would run for President, Ms. Palin was in Massachusetts trashing his health care reforms in that state.  CNN Reports Palin said

            “Even on a state level and a local level, mandates coming from a governing body, it’s tough for a lot of us to accept because we have great faith in the private sector and in our own families and in our businessmen and women in making decisions for ourselves,” she explained. “Not any level of government telling us what to do.”

Now as we have said earlier, The Dismal Political Economist has some sympathy for Mr. Romney, and this is just another example of why he needs some. In a later statement Ms. Palin said she was not talking about Mr. Romney, that this was about (2^nd sarcasm alert)  “me, me, me, me, me, me” (Thanks Taegan Goddard)

Nancy Pelosi says the Democrats have a good chance of retaking the House in the 2012 elections.  She apparently said this just after she got back from visiting Planet Unreality with John Boehner who said last month that Medicare had little to do with the Republican loss in a Special election in New York state. (Thanks again, Taegan)

The Financial Times reports that Societe Generale, the French banks structured an investment for Libya of $1 billion, and that by mid year 2010 the investment had lost 78% of its value.  The Dismal Political Economist already reported on a Goldman Sachs; managed investment of Libya that lost 98% of its value.  It seems it is really not necessary for the U. S. and Europe to continually attack Libya as long as that country will continue to allow U. S. and European banks to invest Libyan money.

From Mark Toma, who has one of the best Econ Blogs on the Net, we have a link to The Stanford Center for the Study of Poverty and Inequality with just and excellent set of charts and verbiage on the growth of inequality in the U. S. over the past several decades.  Do those folks know the Hoover Institute is right there with them?