It’s so perfect here in western Michigan today, 70 degrees, sunny, no humidity and puffy white clouds. So it’s time for some nature photos. Enjoy!
Economists are a strange bunch. When I got my first undergraduate degree in business, I was subjected to like 6 economics classes, give or take 1. Every one of my economics professors was a little bit odd. This is just anecdotal, I’m not impugning all economics professors, but others might want to share their observations. Damn near all of them were supply-siders, so that gives you some idea of where they were coming from politically.
I’ve always appreciated Paul Krugman’s opinion on economics, I am a Keynesian for sure. But the more I read his writings, the more I see that he doesn’t always comprehend things as they are, to put it politely.
Krugman recently linked back to a piece he did after President Obama’s first inaugural – there will be a second. When I clicked and read it, I noticed something right away that made me wonder whaaaaaa? He wrote this back on January 22 of 2009. I’m bolding the part that caught my eye.
Thus, in his speech Mr. Obama attributed the economic crisis in part to “our collective failure to make hard choices and prepare the nation for a new age” — but I have no idea what he meant. This is, first and foremost, a crisis brought on by a runaway financial industry. And if we failed to rein in that industry, it wasn’t because Americans “collectively” refused to make hard choices; the American public had no idea what was going on, and the people who did know what was going on mostly thought deregulation was a great idea.
Uh, well, Paul…President Obama wasn’t saying that Americans “collectively’ refused to make hard choices”…he was talking about politicians and leaders. Here is the entire paragraph from President Obama’s inaugural address.
That we are in the midst of crisis is now well understood. Our nation is at war against a far-reaching network of violence and hatred. Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age. Homes have been lost, jobs shed, businesses shuttered. Our health care is too costly, our schools fail too many — and each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.
I don’t know how anyone listening or reading that could possibly think that the President was talking about “Americans” refusing to make hard choices. If he were, why would he end the sentence with “prepare the nation for a new age”? Is it the role of citizens to “prepare the nation for a new age” or politicians and leaders?
I read that paragraph to say that it isn’t just Wall Street’s fault (greed and irresponsibility), but the politicians who enabled it to happen; the ones like Bill Clinton and George W. Bush who deregulated Wall Street and made it possible for the greed and irresponsibility to overtake us. I also interpreted it to mean that politicians didn’t make the “hard choices” like raising taxes on the wealthy or more specifically, voting against the Bush tax cuts. I would also add the failure of politicians to actually pay for two wars or Medicaid Part D — those were a couple of hard choices that weren’t made as well.
I have no idea what motivates Paul Krugman, it smells an awful lot like sore-loser syndrome. Hillary was supposed to be president and that young upstart, Barack Obama, swooped in and stole it from her….you know?
I don’t see anywhere in that paragraph or in the entire speech where the president blames “Americans”. They are the victims of the greed on Wall Street and the lack of balls on politicians — no offense to women who don’t need balls to get shit done. So as you can see, Paul Krugman’s interpretation of that one sentence sent him off on a tangent. I guess he’s standing by it, though, because he linked back to it to remind us all.
I’m looking for some extremely liberal people to help me keep the information flowing on Extreme Liberal’s Blog.
*You will be paid the same as the owner of the blog, which is basically praise, pats on the back and thank yous. You also get a big dose of good karma by helping to better the world. And it really does pay off in the long run.
You fellow bloggers who are already writing, consider cross posting here as a way to get your message out. I have a good base of readers and a great group of people who help spread the ranting on this blog, so I can certainly promise you viewers.
Please email me at email@example.com if you are interested in contributing to this extremely liberal (but also pragmatic) blog.
The reason I need help is that I’m entering into a very busy time with my many day jobs, but I want to keep this blog viable and active. I will continue to contribute myself, some times more than others, but I need help people.
I’m also taking a much needed vacation from everything starting Wednesday of this week. I’ll get some posts up for sure, but it would be sweet if someone could help fill in the gaps for me.
Please, pretty please!
I just want to point out to everyone that the really important things in life are family and friends. Try not to let the bloviating, hyperventilating, sky-is-falling crowd ruin your day. Everything is going to be just fine. Remember how the world was coming to an end in late 2008 – early 2009? It didn’t happen, even with Republicans trying their hardest to make it happen.
I don’t know about you, but I’m starting today with a smile on my face and I plan to share it with everyone I come in contact with. If you can afford it, help someone out today. Give a hand to someone – give a few bucks to someone who needs it, but mostly, SMILE!
Here is a classic Mudbone routine, one of my favorites. (audio only)
Cross-posted at Angry Black Lady Chronicles
It seems like people lose track of reality pretty easily these days. The reason why we were forced into negotiating with the terrorist Republicans is that they threatened to run our economy off a cliff — unless President Obama acquiesced to their demands. It truly was a hostage situation and Republicans pretty much admitted it. People lost sight of that fact throughout the process and somehow morphed it into a budget fight, as if President Obama welcomed it. This whole mess was forced on him and there was no easy way out.
What were President Obama’s options? From what I know about it, he could either deal with the Republicans and try to get a “compromise” from the hostage takers or he could invoke the 14th Amendment to the constitution and raise it himself. The 14th Amendment option has some issues attached to it, however…
Obama would be greatly extending his executive powers and setting a new precedent, which would have a host of potential ramifications. Furthermore, Obama’s administration officials do not believe that the fourteenth amendment grants the president that power, and elsewhere the Constitution grants Congress the sole authority over borrowing money.
Now I know that isn’t a concern to those who have a vision of the President as a dictator, which ironically comes from the left these days, but thankfully President Obama understands the ramifications of taking that drastic step. Personally, I wish he had done it, but I’m extreme.
There is a third option as well. The President could have let the U.S. AND world economy crash into the ground, pointing fingers the entire time at those dastardly Republicans and repeating “it’s their fault, it’s their fault” — as the country scratched its collective head and wondered why the President didn’t stop it. I don’t think that was ever considered as an option, but it certainly has been hanging over the situation like a stench. I’m glad our president has the best interests of all people in mind when making big decisions like this.
If you want to read some reality based analysis of the debt ceiling deal, here are some links that won’t make you want to run around screaming “IT’S THE REPUBLICAN’S FAULT YOU STUPID FUCKING IDIOTS” or some variation on that.
- The People’s View has this great post that talks about the actual details of the debt ceiling compromise.
- The People’s View also has this post up trying to stop the misinformation before it gets out of control.
- This post at Rooted Cosmopolitan looks at how popular the deal is likely to be with the general public, of which the emoprogs are not a part.
- Joy Reid at The Reid Report has a reasoned analysis of the debt ceiling deal. Those Bush tax cuts, guess what….say goodbye to them for good in 2012.
- Smartypants has a few words for those screaming “bully pulpit” repeatedly, he has a few other great posts up too, go check it out.
- Josh at Talking Points Memo posted a great comment from a reader that summarizes what happened with the debt ceiling crisis pretty well.
- Steve Benen at The Washington Monthly reminds us why this is not a compromise.
The first thing I want to say with regards to the apparent deal that was struck between the hostage takers and those representing the victims is that any “liberal” pundit or blogger who encouraged voters to stay home in 2010 – SHUT THE FUCK UP! I don’t even want to hear your fucking whining. It is your fault that the goddamn Republicans were given the power to fuck us all over so much.
The next thing I want to say is THANK YOU PRESIDENT OBAMA for taking on the toughest job in the world in 2008. It’s a thankless job trying to clean up after the biggest fucking failure of a president we’ve ever had in George W. Bush. But of course no one could have imagined that the Republicans would throw every obstacle they could find in your path, including the kitchen sink.
For people like Paul Krugman who characterize every compromise with the hostage takers, the terrorist Republicans, the obstinate children in the Tea Party as a “cave-in” — grow the fuck up already. Wipe off your snotty nose, suck it up and help us fight those motherfuckers in 2012. If you don’t wake up and realize that Republicans are playing you like a cheap fiddle, you don’t deserve to represent liberals. We don’t need crying, whining babies, we need people who will stand up and fight. Now pull up your Underoos and get to work.
For the general public who hasn’t paid attention, let me break down what just happened for you.
- Republicans created this crisis by demanding massive spending cuts to programs primarily for poor people — OR ELSE — they would wreck the economy for everyone.
- Republicans began their propaganda campaign to attempt to blame the national debt on President Obama and the Democrats, when we all know that the Republicans spent like drunken sailors and gave massive tax breaks to the top 1% of the population during President George W. Bush’s term.
- The Professional Left in their immaturity and “emoprog-ness” began weeping into their Kool-aid and wetting themselves because it became clear that they weren’t going to get their utopian, idealistic way…they ended up prostrate on the floor, kicking and screaming and acting like fucking children.
- President Obama in an effort to stave off a complete meltdown of our economy kept his cool and pushed for a compromise — a deal with those devils to prevent the impending doom.
- Many of these Republicans hostage takers voted for every damn penny that President Bush spent on two unnecessary – off budget wars, the unfunded Medicare Part D and the unpaid-for trillions in tax cuts to the wealthiest 1% who haven’t invested a fucking penny of that money in America, but are hiding it overseas where they don’t have to pay any goddamn taxes on it — thanks to President Bush.
- So President Obama, being the president of all people and a responsible, sane person — continued to try to reach a deal to simply prevent us from plunging into another recession and possibly a depression. A compromise had to be reached, there was no other option. It didn’t have to be this way either. In 2010, Tea Party Republicans were sent to Washington in large part because of an effort by people like Ed Schultz, Arianna Huffington and others to suppress Democratic voters. They, of course, are the loudest voices whining about having to deal with those assholes AND IT IS THEIR OWN FUCKING FAULT that we are in this mess.
- And now we have wasted almost the entire summer dealing with this Republican created crisis – this hostage taking. And not only did they distract everyone from the real problems we are facing like joblessness, but they also succeeded in getting the whiny “emoprogs” to lose their shit about it. All in all, the Republicans had a great summer at the expense of the rest of us.
The reaction from many on the Professional Left is to blame the victim. President Obama had to deal with an unprecedented hostage situation that has never occurred in the history of our country, yet some of these people want to blame him for HAVING to compromise with these hostage takers. They all lament the fact that President Obama dealt with the GOP, yet not one of them offered a solution that would get us out of this hostage situation; not one idea about how we realistically get out of the mess.
I know the whining and crying is just beginning on the left, so I’m preparing myself for it. I’ve already heard and seen the whiners push the idea of fucking it all up even worse by running someone in a primary against President Obama. It doesn’t surprise me, these people are just as stupid as the Tea Party – they are just sipping lattes instead of Pabst Blue Ribbon beer.
UPDATED: No offense to either latte or PBR drinkers, I like a good latte myself…now PBR, not so much. But hey, whatever gets you a buzz. :)