Framing the Dialogue

Posts Tagged ‘grassley’

General Motor$

I was somewhat surprised to read that General Motors is planning to sell stock sometime in the near future a little over a year from its “bankruptcy.”  I used the parenthesis around bankruptcy because what the Obama Administration did for General Motors was not a typical bankruptcy.  Investors were not protected or given preference as was their right;

News Briefs Volume VII

News briefs are a collection of interesting news stories…

This edition is all about Obama’s bad week though Americans who rely on the mainstream media missed most of the implications.

Brief 1:  Obama and his employees Tim Geithner (Treasury Secretary) and Ed Whitacre (Government Motors CEO) were all a tizzy when GM paid back part of their TARP loans…with interest.  GM even made a commercial to announce the success of the program.  This news of such a government success couldn’t come at a better time for Obama as he looks to take over Wall Street.  Unfortunately Sen. Chuck Grassley and some others (including the Inspector General for the TARP program) read the fine print on the alleged payback…with interest.  Grassley stated;

Hubris (hew – bris)

This is the first in the new series – Framing the Dictionary.

Hubris is defined in Answers.com as:

“Overbearing pride or presumption; arrogance”

As you scroll further on the web page they offer this second definition:

Hubris [hew – bris] or hybris, the Greek word for ‘insolence’ or ‘affront’, applied to the arrogance or pride of the protagonist in a tragedy in which he or she defies moral laws or the prohibitions of the gods. The protagonist’s transgression leads eventually to his or her downfall, which may be understood as divine retribution or nemesis. Hubris is commonly translated as ‘overweening (i.e. excessively presumptuous) pride’. In proverbial terms, hubris is thus the pride that comes before a fall.