THE NEWEST "PEACE DIVIDEND" (FOR THE WEALTHIEST) FROM THE GOP
McConnell and Boehner obviously feel like they've achieved something ... suddenly, everyone is going to be better off because we are vapidly cutting spending during a downturn that has headline unemployment still at 9%.
Monday, August 1, 2011
McConnell, Boehner: "PEACE (AND PROSPERITY) IN OUR TIME!"
Wednesday, July 27, 2011
Thought for the Day
Krugman bait:
Apparently the GOP's "Confidence Fairy" doesn't take notice of, you know, Congressional use of the debt ceiling.
Tuesday, July 26, 2011
Thought for the day: Where are your jobs, Mr. Boehner?
DELUSIONS OF ADEQUACY
Not to question your delusions of adequacy, Mr. Boehner, but, we haven't had any new taxes on "job creators" since as long as anyone can remember.
So the question abides: where are all your jobs, then, Mr. Boehner?
In fact, the GOP insisted as part of the stimulus that huge accelerated-depreciation breaks be given to "job creators". Then, Obama presided over a 1-year "repeal" or "holiday" in the "death tax", just before he extended the favorable tax rates to avoid hitting the economy (and his re-election hopes) and put into place even more ill-advised tax breaks (e.g. the social security tax holiday).
So, again: where are all your jobs, Mr. Boehner?
Monday, July 25, 2011
Sunday, July 24, 2011
The Emerging Bipartisan Consensus
BREAKING: Obama, Boehner Come to Agreement That Cantor is Douche - Andy Borowitz
Amidst Gloom and Doom, Gays Bring Moments of Pure Joy
So, the kissing couples tied the knot legally in the Empire State, today, even as clouds gathered in Washington and the world was reeling from Norway's savage attack.
"... you better hold on tight ..."
Are Plan Sponsors Who Offer No "Govt Free" Option Liable?
When Geithner was turned down for a "clean rise" in the debt ceiling in January, it should have been plain to Plan Sponsors that USG debt was no longer backed by the GOP, fast as they are under the thumb of irrational promises made to get elected.
As GOP-led default approaches, and people logically think about hedging or swapping out of their risk they have to the GOP, the question arises, are Plan Sponsors liable if they haven't prudently followed the rating agencies and created USG free debt options in their plans?
Friday, July 22, 2011
FLASH: Boehner quits talks - Have you sold your gov't bonds yet?
As predicted here, Bohner quit the talks, under do-nothing pressure from the radical Tea-caucus.
And the only question remains, have you sold your gov't bond holdings, yet? If not, why not?
The Voice of the 14th Amendment in America
Poor Obama, for all his copious skills, hasn't mastered both leading change and being a part of it. Still too much the man of the backroom D.C. shuffle, maybe?
Anyway, the Dems are dialing up Reagan as The Executive Voice of the 14th Amendment. It's not a bad strategy, actually.
Thursday, July 21, 2011
Wednesday, July 20, 2011
On Tory Ruthlessness
Harold MacMillian had a fine mustache.
From afar, Cameron always seems perpetually inauthentic to me, as if rushing from one dress rehearsal to another, glass in hand.
His platitudes of placation seem tart to Andrew's sour-loving ears, but the big picture is still of a PM who is reactionary, situational.
If he hated what he did in having to deal with a media goon like Murdoch/Coulson, he might well have put reform on a principled standing straight off.
As it is, he seems, instead, to simply admit his failure of the psychopath test, a political ruggedness that seems to thrill some.
Right/Left Prepared to Ditch Home Ownership for Young Families
You have a kid on the way. You want to get into a good school district. You want to get started and work toward the American dream, right?
How is it a family-friendly policy, particularly, to make it harder for first-time homebuyers to get into the market?
Reports are already out that the mortgage interest deduction will be ditched in a way that doesn't protect families, but is geared to some bizarre notion of tax-code purities.
So far, rather than a cap on interest deduction or restriction to primary residence, it looks like the Senators are going for the plan that wipes it away.
Cantor, Boehner: We'll Bust a "Cap" in the US Economy
DANCING ON THE CEILING
Thought for the day
It cost us a fortune for the GOP to lose its brand on fiscal responsibility.
It's going to cost us a bigger one for them to insist they can regain it, at whatever cost.
Republicans insist on sucking $800B out of US Economy Facing Sticky Wicket
So, the US Economy faces a serious sticky wicket. Even shuffling Harvard economists are talking about a 'jobs deficit'.
Quick: What's the first thing you do when you are in a serious situation like this?
Well, of course, you do tax reform, right? (Especially so that corporate dividend income to the wealthiest, from companies flush with cash, increases and is taxed at lower rates).
Don't laugh. That's what is going on in "the gang of six", right now.
Even the punditocracy insist that good politics implies that we need to be acting now with regard to worries that are 20 years and 75 years down the road, when the next 24 months could turn really ugly. Early action is to be praised, but you don't try to fasten your seat belt just when the car is skidding off the road, do you?
"Really ugly" means potentially catastrophically ugly. Recall that it is not just U.S. banking system is exposed to Europe, who are on a race against time to right themselves of dreadful unemployment, before the waters come in.
Anyway, even the best of proposals seem to want to go from circa $300B, say, in stimulative, emergency war spending, to -$500B in spending cuts. That's a swing of $800B, potentially. Slap a multiplier on that and you're talking real turkey. More lost jobs, more troubles with housing.
The Disgusting CEO Culture, Enter the Blameless Zone
Someone should write a book called "Progressive Zones of Irresponsibility" about their climb to the top of the corporate ladder, in some companies.
After Murdoch's swearing that he was the man to put it right, not the man to blame, what could be more obvious? 'Twas the soldiers lost the war. We've heard it all before.
What could have been more disingenuous than Murdoch senior excusing his non-notice with the faux-business stat that Screws of the World was just 1% of all of NewsCorps holdings?
Friday, July 15, 2011
NY - Let the People Vote! No more mindless fracking
If the NY government isn't going to protect the public interest in a clean water supply, then maybe the public will, through a referendum.
We all know that we need energy sources, but mindless energy exploration is not "for free".
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