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I haven’t posted here in a long while and I’m not sure if I will again or not. I guess I’ve decided I don’t have much to say that others can say better. Part of it is simple disgust with the American political system. There doesn’t seem like either party speaks for me. President Obama [...]

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How We Got Here

Here’s a great graphic from the NY Time showing where the debt came from:

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Imagine we’re in a boat with a slow leak. One passenger is trying to bail out water. The other passenger complains that it’s not being done fast enough. Rather than help bail, the 2nd passenger decides the best way to motivate faster work is to punch a larger hole in the boat. Expenditures, as a [...]

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This is what passes for fiscal conservatism today: Faced with the very real possibility of default less than seven days away, the current favorite GOP talking point presents President Obama as a politically calculating fear-monger, trying to scare old people and markets with tales of what will happen if we don’t raise the debt ceiling. [...]

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Ezra, ever so carefully and politely takes apart the “stimulus didn’t work” meme: Plenty of conservatives are peeking at this morning’s grim GDP numbers, as well as the downward revisions to previous years, and concluding that the stimulus clearly must have failed. “But remember,” snarks James Pethokoukis, “no matter how bad the economy is, Obama [...]

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It seems to me that the GOP concern that any tax increases will kill the economic recovery is just a wee bit odd. At the same time they insist that we need to cut billions from federal spending. I suspect I’m not the first to notice, but the economic impact from a tax increase is [...]

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Same Stuff Different Day

Corporate Cash Con – NYTimes.com. As Krugman says we’ve ready seen this movie. Let corporations avoid taxes on foreign revenue and they’ll do what they did before, which does not include creating jobs here.   I know why politicians believe it, they”re paid to. The puzzling part is is why voters still believe it.

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The Truth About the Economy

YouTube – The Truth About the Economy. Robert Reich gets to the heart of the causes of ever increasing income inequality and the squeezing of the middle class. I’d add one other piece to it: trade policy. If India applies a 40% import duty and China has a 20% rate, we should do exactly the [...]

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All you need to know about Fox News

The result of this concerted campaign of disinformation is a viewership that knows almost nothing about what’s going on in the world. According to recent polls, Fox News viewers are the most misinformed of all news consumers. They are 12 percentage points more likely to believe the stimulus package caused job losses, 17 points more [...]

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What a complete and utter douche bag Santorum is. I’m not a big McCain fan because he’s managed to reverse himself on every policy I agreed with him on, save his position on the use of torture. Santorum: What does McCain know about torture? – War Room – Salon.com. John McCain has been on something [...]

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CNN announces Trump won’t run

Comedians everywhere despair. Oh well, there’s always Michelle Bachman for comedic relief…

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The GOP vs Seniors

Seniors, Guns and Money – Paul Krugman – NYTimes.comKrugman on the attempt by the GOP to try shame Democrats into not saying that their attempt to dismantle Medicare is, in fact an attempt to dismantle Medicare. But the Democrats aren’t engaging in scare tactics, they’re simply telling the truth. Policy details aside, the G.O.P.’s rigid [...]

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If All the Atheists Left the USA

If All the Atheists Left the U SA… [PIC]. Conclusion: Following Jesus leads to prison? I knew there was some reason I don’t like going to church…

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This is just sad…

It’s better to have McJob, rather than no job, but it doesn’t bode well for the nation’s future. “The Hollowing Out of the Middle Class” sounds about right. How the McEconomy Bombed the American Worker The Hollowing Out of the Middle Class By Andy Kroll Think of it as a parable for these grim economic [...]

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Justice is expensive

My favorite quote this week: “Justice is expensive. That is why there’s so little of it, and that reserved for those few with the money and influence to afford it.” Black Powder War – Naomi Novik (Yes, I’m ashamed to admin that I read alternative history/fantasy of the Napoleonic Wars with dragons.)

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Is everyone OK with the President unilaterally marking a US citizen for death? Yesterday, riding a wave of adulation and military-reverence, the Obama administration tried to end the life of this American citizen — never charged with, let alone convicted of, any crime — with a drone strike in Yemen, but missed and killed two [...]

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the GOP promises to block any nominee to the new Consumer Protection Agency, until the agency is stripped of authority to do anything significant. Democrats should seize this opportunity and strike while the iron is hot, just as they did in standing up to Walker, Kasich, and Ryan. Being willing to stand tall and fight [...]

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Lee presses balanced budget vote with debt ceiling – On Congress – POLITICO.com. This brings to mind an obvious question: So what will happen if we find ourselves in another crisis like the one that precipitated the bailout in 2008? The GOP has actively undermined financial regulation legislation. Their efforts will have the effect of [...]

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This is why I read the NY Times

Claim: Krugman is top prognosticator; Cal Thomas is the worst | Poynter.. A Hamilton College class and their public policy professor analyzed the predicts of 26 pundits — including Sunday morning TV talkers — and used a scale of 1 to 5 to rate their accuracy. After Paul Krugman, the most accurate pundits were Maureen [...]

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It’s becoming pretty clear how Republicans plan to defend their budget. They’re going to lie about it. via How Will Republicans Defend Medicare Cuts In The Ryan Budget? Lie About Them. Marco Rubio Shows How. | The New Republic. I’d like to be shocked and appalled by behavior like that, but it’s been the standard [...]

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