Featured Posts
  • Idiot Quote of the Day: The “Gayer” Obama

    Idiot Quote of the Day: The Gayer Obama

    Rand Paul: Call me cynical, but I didn’t think his [Obama's] views on marriage could get any gayer. We won't call Rand cynical. Ignorant, bigoted asshole is more fitting. An adult using ...

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  • Late Night Political Humor

    Late Night Political Humor

    Happy Friday. The best from Political Humor‘s collection of the week’s late night political humor. "President Obama came out with approval of same-sex marriage. He said that over the years, he has ...

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  • What The Hell Is The Problem With Gay Republicans?

    What The Hell Is The Problem With Gay Republicans?

    I've never understood Log Cabin Republicans - gay conservatives who give their support to a homophobic political party that derides their sexuality and refuses to grant them equal rights under ...

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  • Obama – Same-Sex Marriage and Doing The Right Thing

    Obama - Same-Sex Marriage and Doing The Right Thing

    Finally. “I have to tell you that over the course of several years as I have talked to friends and family and neighbors when I think about members of my own ...

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  • Another Day, Another Vote – Indiana, NC and Wisconsin

    Another Day, Another Vote - Indiana, NC and Wisconsin

    Election roundup: Indiana. As polls forecast, the Tea Party's efforts to cleanse the GOP of any impure conservatives has Dick Lugar out and teabagger Richard Mourdock in. Mourdock is the new Republican ...

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  • ‘Romney – The Man Who Saved The Auto Industry’ and Other Fairy Tales

    'Romney - The Man Who Saved The Auto Industry' and Other Fairy Tales

    There are lies...and then there are lies. My own view, by the way, was that the auto companies needed to go through bankruptcy before government help. And frankly, that’s finally what ...

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  • A Madman and Fox News

    A Madman and Fox News

    From the papers captured last year at Osama bin Laden's Pakistani hideout comes this. Like any public figures, bin Laden and his advisers were mindful of the media. Adam Gadahn, one ...

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  • Late Night Political Humor

    Late Night Political Humor

    The best from Political Humor‘s collection of the week’s late night political humor. Happy Friday. "Today Mitt Romney visited a firehouse here in New York City. Of course, he was disappointed ...

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  • New GOP Logo

    New GOP Logo

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  • Can Obama Be Swift-Boated?

    Can Obama Be Swift-Boated?

    It happened to Kerry. Can it happen to Obama? Nope says Margaret Carlson. Obama’s belief system -- in that hopey-changey business and the post-partisanship thing -- has been altered by reality. ...

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  • Quote of the Day: The Gay Republican

    Quote of the Day: The Gay Republican

    Sullivan: What do Republicans call a gay man with neoconservative passion, a committed relationship and personal courage? A faggot. Exactly right, but then could one expect anything different from a political party that ...

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  • Christian Pastor: Fixing Gay Is Like Squashing a Cockroach

    Christian Pastor: Fixing Gay Is Like Squashing a Cockroach

    And they claim that atheists are immoral? The ugly side of religion shows its face once again. The words below were spoken at a Sunday sermon by Sean Harris, a pastor ...

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  • GM Alive, bin Laden Dead

    GM Alive, bin Laden Dead

    It's been fun watching conservatives and Romney twist themselves into pretzels trying to undo Mitt's past words on GM and bin Laden. Romney, April 2007: It’s not worth moving heaven and earth ...

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  • Republicans Are The Problem

    Republicans Are The Problem

      In an op-ed piece in the Washington Post, a couple of scholars from liberal and conservative think tanks, discuss the state of American politics. We have been studying Washington politics and ...

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  • Marco Rubio – Just Another Weasel

    Marco Rubio - Just Another Weasel

    Romney's VP-in-waiting, Marco Rubio, is perfecting the conservative sleaze play. He has proposed his version of the Dream Act in which people who entered the country illegally as children will be ...

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  • Obama’s Move Forward

    Obama's Move Forward

    Beyond the rhetoric, the political BS, the lies - that is, the concerted effort by the right-wing noise machine to distort and misinform at every opportunity - is the very ...

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  • Romney’s Etch A Sketch Fun Time Has Arrived

    Romney's Etch A Sketch Fun Time Has Arrived

      It was never a matter of 'if'...only of 'when'. Two constituencies that President Obama is holding onto about as strongly now as he did four years ago are voters under 30 ...

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  • Romney’s Weirdness

    Romney's Weirdness

    I'm not sure what one does with information of this sort but I thought it important you know. From Alex Pareene's new ebook, The Rude Guide To Mitt. Every good Romney ...

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  • Newsmax and Me

    Newsmax and Me

    Guess whose illustration made the May cover of a national magazine? Mine!   I'm quite sure there isn't much Stephen Moore/Newsmax and I share in common as far as politics goes but ...

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  • Catholic Bishop Spews Right-Wing Garbage

    Catholic Bishop Spews Right-Wing Garbage

    Jesus (c. 30 CE): Render unto Caesar the things which are Caesar's, and unto God the things that are God's. Bishop Daniel R. Jenky of the Catholic diocese of Peoria, Illinois (2012 ...

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An Economic Tragedy

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If the worst economic depression of the last seventy years were a play, it’s genre would no doubt be classified as a tragedy.  Two pundits lay out the players.

Republicans.

Republicans block an extension of unemployment benefits, rail about the deficit and complain that Democrats don’t understand that economic renewal will come when the private sector is unleashed. The problem is that since Republicans are in the minority, they have to work with the Democrats to get anything done. I suspect that their strategy — standing on the sidelines and yelling, “The Democrats are doing it all wrong!” — will not win as much favor from voters as the GOP hopes.

Democrats.

Democrats, on the other hand, do have the power to enact an agenda. But individual members of Congress act as if they are more concerned about their own electoral prospects than about bringing those unemployment numbers down. If a second economic stimulus is the answer, then that’s what Democrats should do. If the answer is something else, fine. But they should know that whether they call themselves progressives or Blue Dogs or whatever, voters see them as one party and will hold them accountable.

The American Public.

Seventy years ago, Americans found themselves in the depths of despair. The economy had crashed, unemployment was at 25 percent, people lined up at bread lines and soup kitchens, and nearly everyone was reeling in anxiety at what the future held for them. But as dire as things were, few Americans expected an immediate remedy. What they expected was some sort of action. Franklin Roosevelt first boosted morale by promising to tackle the problem and then set about on a long course to do just that — a course that wouldn’t conclusively end until World War II. Through it all, the country by and large demonstrated extraordinary maturity and patience. It persevered.

In our current economic travails, the public attitude is strikingly different. Americans want the economic disaster to be over now, and we are angry that it isn’t. We don’t have time for financial reforms or pump-priming or a long-term transformation to a green economy. We expect a magic wand. And who can blame us? Unlike our forebears, we live in a society in which nearly everything happens instantly. Impatience is the new American way.

Will the wishes of a self-serving few in Congress determine the final act?

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Serious People

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This stuff might be a little heavy for a Friday but here it is anyway.  Paul Krugman

When I was young and naïve, I believed that important people took positions based on careful consideration of the options. Now I know better. Much of what Serious People believe rests on prejudices, not analysis. And these prejudices are subject to fads and fashions.

Krugman stated his belief in reference to those who believe in fiscal austerity at a time of economic depression.  I’m not quite sure that sentiment on Serious People could be applied generally.  Politicians aside (who I don’t recognize as Serious People although they should be), I’d like to think that Serious People do think things out and while they may disagree on issues with other Serious People, their conclusions are based on a sound basis of facts.

(pause as I reread what I just wrote…)

OK. On a bit more reflection, I’m not sure I agree with me.  Either that or the list of Serious People is a really small one probably limited, for the most part, to those in the scientific community.  For everyone else, prejudices do form some basis for our beliefs.  And if that is true, then the difference between THE REALLY Serious People and the NOT REALLY Serious People is the degree to which they allow their prejudices (in place of hard facts) to taint and alter their beliefs.

As I said, this might be a little too heavy for a holiday weekend.  Happy Friday.

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Ben Nelson Sticking It To The Unemployed…Again

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Millions of unemployed searching for nonexistent jobs suffer as their benefits end.  Meanwhile, back at the zoo

Sen. Ben Nelson (D-NE) last night prevented his fellow Democrats from finally passing legislation to extend needed unemployment insurance benefits to out of work Americans. It was the third time the legislation, which has been repeatedly pared down and reshaped in the hunt for votes, has failed to overcome a filibuster. But it was the first time that success or failure rested on a single deciding vote. And because Nelson, the most conservative Democrat in the Senate, joined Republicans and blocked the bill, it will likely not pass until mid-July, after the Senate returns from Independence Day recess. By then Robert Byrd’s replacement will be seated, and Dems will have the votes they need to pass their jobs bill.

That’s assuming Republicans Olympia Snowe and Susan Collins once again side with Dems on this one.  Don’t bet on it if Mitch McConnell has anything to say about it.

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The Third Depression

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Not the words you like to hear on a Monday morning.

Paul Krugman

We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense.

And this third depression will be primarily a failure of policy. Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending.

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Democrats Fold On False Debt Crisis

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Senate Democrats ran for the hills this week when they helped Republicans block a weakened version of the jobs bill. Yesterday, Steny Hoyer helped to add House Democrats to the coward’s mob when he suggested that reforming Social Security (by limiting benefits and raising the retirement age) was on the table. So what happened to Democrats? They decided that the Republicans were correct, and they have chosen to deal with a fake debt crisis instead of the real jobs catastrophe.

Even the normally less than economics-savvy American public is ahead of the Congressional Democrats on this one friends; poll after poll show the country wants jobs dealt with now. And your fellow citizens are quite correct. The only danger incurred by deficit spending and debt is inflation. Inflation will not become an issue until the economy climbs closer to full employment, a state that is months if not years away. There are many ways to deal with inflation as the recession comes to a conclusion; but that conclusion won’t materialize on its own.

Social Security is in fine shape, and in this recession is living off the interest it earns on the nearly $2 trillion in government warrants the trust fund owns. The fund is not a source of deficit, nor is it a program that needs any immediate work done. Hoyer and the Democrats are being funneled into the media trap that has been constructed for big-money interests. Hacks like David Brooks and David Leonhard write pieces in the Times and other rags that pseudo-savvy Democrats read; the hapless politicians then chart policy that ignores the lessons of Economics 101. I would again make a plea for knowledge; go to Beat The Press regularly. Read Dean Baker’s columns; they are short and reasonably easy to read, even for those less than fluent in matters of fiscal policy. This is the guy, folks, who called the housing bubble (complete with all of its nasty side effects) years before its explosion. Keep your eyes open on this one friends…

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Michael Chase publishes The Rational Middle

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