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Obama can't persuade the Europeans? Hell's bells, he can't persuade the blue-dog "Democrats" of his own party back here in the states. At least, not yet.
Being from the Arkansas Ozarks, I have a mental image of Obama standing crotch-deep in a rushing stream (in blue jeans, waders are for sissies), trying to turn an ancient 40-pound brown trout on a downstream run with a 2-pound tippet in the corner of its jaw. (The hook probably has canned corn instead of some fancy fly.) Minute by minute, second by second, there is only so hard he can lean back. It has nothing to do with an intelligent plan, and everything to do with feel. Intuition, moment by moment.
Thus far, I am pleased to continue to trust my President's fingertips, since they are connected to his brain.
The only person more stupid than the one doing the talking is the one doing the listening.
There was a time when the course of study was called political economics. As it was and obviously is. Amartya Sen's recent article in The New York Review, going back to the Adam Smith roots, has taught me that I was deprived of education in A.C. Pigou's psychological theories back in the 60's when Keynes was king and we were just trying to make sense of linear algebra without a computer, when numbers in formulae were magic.
Macroeconomics, like politics, is an exercise in mass psychology, which seems to be a continuous search for the lowest common denominator.
Here's what I said in the War Room post:
People, for pete's sake.
The man was only elected last November, and he's been in office a whopping two whole months. Has Congress finished holding hearings on appointments? Talking about the failure of his administration proves only that some of us have the attention span of fruit flies.
It may have taken that other guy only a day to clean out the Augean stables, which was the ancient Greek symbol for the logical result of too much wealth and is a pretty fair analogy for modern Wall Street, but Hercules had the relative luxury of taking on his labors one at a time.
Will someone please explain to Joe the Plumber that the guys (I don't know, but I'll bet a dollar against a donut that 98% are rich old white males) getting the bonuses for failure now are the same guys who got benefit of the Bush tax cuts these past eight years on equal merit and with equal effect on the national budget?
Will someone please ask Kudlow to explain the marginal tax rate under the term of that notorious socialist, Dwight David Eisenhower? Disaster obviously followed. Never mind that military-industrial complex thing that he warned us to avoid.
These last 30 years, we've transferred more wealth from the poor to the rich than in any time since 1929, and look how well that has worked out for 99% of us.
What, exactly, would be wrong with taking away all of the wealth of the top 1%, and reducing their body fat to biodiesel?
Am I missing something here?
What, exactly, is wrong with cheerleading or being a cheerleader? Has the term become pejorative just because the practitioners tend to be either female or effeminate, regardless of gender, or because the male practitioners tend to become prominent Republicans, Presidents and Senators?
If you believe in evolution, you must believe in the survival of usefulness. Evolution, or God, must love cheerleaders, or there would not be so many of them.
What different purpose did the Priestesses of Minerva serve?
People, for pete's sake.
The man was only elected last November, and he's been in office a whopping two whole months. Has Congress finished holding hearings on appointments? Talking about the failure of his administration proves only that some of us have the attention span of fruit flies.
It may have taken that other guy only a day to clean out the Augean stables, which was the ancient Greek symbol for the logical result of too much wealth and is a pretty fair analogy for modern Wall Street, but Hercules had the relative luxury of taking on his labors one at a time.
Will someone please explain to Joe the Plumber that the guys (I don't know, but I'll bet a dollar against a donut that 98% are rich old white males) getting the bonuses for failure now are the same guys who got benefit of the Bush tax cuts these past eight years on equal merit and with equal effect on the national budget?
It's past quitting time so that I can run to the house and pass the electric toothbrush through my ear canals.
Do folks like BillO and Rush ever wonder why they can't get laid?
The whole point of a Keynesian stimulus is that the government must spend money that it does not have. If it doesn't just fire up the printing presses and grind out more greenbacks (Weimar Republic, anyone?) the government must borrow that money from someone who has it.
Not only will China not sell off our debt, it will keep lending us more in order to protect the investment/loan it has already made.
As part of the process, we should get used to the idea of kissing a little creditor ass. That's what borrowers do when they're already in debt and asking for more.
We used to call the the Dog-litter Duggars until we realized we were disrespecting dachsunds and dobermans.
Since another year has passed, they're now up to 18. Full quiver, indeed.
a member of any organized political party; I'm a Democrat."
Will Rogers and me, too.
First Palin nominated to be V.P. of what is still the most powerful nation on the planet, and now Steele in charge of the RNC.
The circular firing squad that the Republicans have become would be much more amusing if they did not keep appearing on TV and making me change the channel.