Economy

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With Bill Moyers, Paul Krugman discusses President Obama’s choice for Treasury Secretary, Jack Lew, as well as his reaction to public support for seeing Krugman himself in that job.

“The Secretary of the Treasury is not now going to be somebody who does deep thinking about the economy. There are people the president can call on for that, including outside economists, including Joe Stiglitz… including myself,” Krugman tells Bill.

“What the president needs right now is a hard-nosed negotiator. And rumor has it that’s what he’s got.”

Watch the full clip at the link. (Kos link, post by Bill Moyers.)

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Want more rage?

1) Steal underpants.
2) ???
3) Profits!

OR:

1) Get Obama and as many Democrats as possible elected.
2) PUT THE SCREWS TO THEM, ESPECIALLY OBANA, WHO CAN’T RUN AGAIN.
3) Move American from the 18th to the 20th Century.

(4, 5, and 6 are force the GOP into third party status, support the left-wing party when it runs against the DNC, and FINALLY move the power and wealth away from the select few to the people, thus moving American into the TWENTY FIRST century.)

Seriously, check out the charts at the link.

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The person who ordered the foreclosure, whether or not they can be found, and the CEO of the bank, should stand in front of a judge and answer for a crime like this.

Owners Lose Possessions After Home Near Twentynine Palms Is Mistakenly Foreclosed

The owners of a modest home near Twentynine Palms lost their cherished possessions after a bank mistakenly foreclosed their residence.

{…]

Alvin, a retired mason, built the home with his father when he was a teenager. “I know every inch, every rock…my mom mixed all the cement by hand,” he said.

For some reason, this reminds me of a story from (around) 2000. A MEXICAN man living in SoCal had withdrawn a LOT of money (if memory serves it was $40K) to pay off his mortgage, the next day. Holding that amount of money, he had a pistol sitting next to him while he watched teevee before going to bed.

Meanwhile, the local cops had been issued an arrest warrant FOR THE HOUSE NEXT DOOR. A single mother’s kids had been fingered for selling small amounts of marijuana to some neighbors/classmates.

You can probably guess what happened, next. You know how this story ends.

The cops raided the wrong house, the Mexican dude reacted to someone breaking down his front door while he’s sitting on 40 grand by grabbing his pistol, and the cops shot him dead.

To the best of my knowledge, not a single “authority” went to jail over this senseless murder.

Which goes a long way toward explaining why “we” feel like “we can’t trust the government”.

But we SHOULD OWN the government.

Now, please spare me the bizarre, incoherent rant about how this is all the fault of Obama and Democrats. I can’t hear you when you do that.

What can WE do to retake control from corporations who support evil groups like ALEC, and set things right, again?

Special bonus points for using words and phrases like “organize” and “awareness” and “popular support/movement”, and overwhelming negatives for blaming this on any politician, or party. It’s the fault of the current “winner take all” mentality in this country. Make enough money, or win public office (if you’re from the right party) and you’re above the law. (And yes, you merciless fuckers, I include Obama in that “from the right party” shit. I just don’t see how a police murder in CA in 2000, or this foreclosure, is his fault.)

The wealthy and the authoritarians literally (h/t Joe Biden) get away with murder and breaking and entering.

How do we set this right?

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Tray Tables in the upright position.

It’s going to be a bumpy ride.

There’s an easy way to cut the deficit nearly in half, the Congressional Budget Office said today: just do nothing when the various elements of the “fiscal cliff” click into place on New Year’s Day. Taxes will go up, spending will go down, and the deficit will be cut from $1.1 trillion this year to $641 billion in 2013.

There’s just one problem with that scenario – the country will also plunge into a recession, the C.B.O. said. Economic output would decline by half a percent over a year, and unemployment would rise above 9 percent.

::snip::

The Republican answer to the fiscal cliff problem is to prevent all the tax hikes. That would reduce the recessionary impact of the cliff largely by providing enormous benefits to the rich. (Democrats want to raise taxes only on those earning $250 thousand and above.)

Another difference.

Fucking teabaggers are insane. EVERYTHING they stand for is either the ultra-fucked up religious right view of government, or the “neoliberal” “trickle down” bullshit that we’ve proven, on multiple occasions, doesn’t work.

I’m scared. The GOP gaining control of the Senate, keeping control of the House, or gaining control of the WH scares the crap out of me.

Vote, and vote in a way that defeats the fascists (the GOP). Please.

We can’t afford to go the way of Greece and enforce “austerity measures”, right now. We need an aggressively LIBERAL government, or we’re permanently fucked.

Not to mention the GOP wants Greenland and the ice caps to melt…

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Nobel prize-winning economist Joseph Stiglitz on ‘The Price of Inequality’.

There may be nothing that’s more important than ending the Bush tax cuts for the wealthy. Raising my taxes will really hurt me, right now, but I’d be willing to make that sacrifice if the only solution the GOP allows is to let them all expire.

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Yeah. This post is aimed directly at anyone who’s naive enough to agree that “there’s no difference” between Democrats and Republicans the hate filled, 100% owned by the richest 1%, don’t give a fuck about YOU, out to destroy America GOP politicians.

Budget of the Congressional Progressive Caucus
Fiscal Year 2012

Um; There’s not a single Republican in the Congressional Progressive Caucus. It’s all Democrats.

/snark

Think about it.

/snark off

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Great Britain and Spain are officially in recession. Again.

Really, Keynesian economics is the only thing that’s ever worked.

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Joe posted some links to the misleadingly named JOBS act. When I saw this piece by Taibbi I thought I’d create a discussion thread.

I don’t think it’s fair or accurate to call it “Obama’s bill”…

“This was a Republican bill, birthed by Eric Cantor in the House, and driven by overwhelming Republican support,” wrote in one emailer. “All Obama did was sign it. It’s totally dishonest to call it an Obama bill.”

Okay, let’s talk about that. But first, a quick note on the bill itself, since I think some people misunderstand the objection to the bill.

…but I’ll grant you that he didn’t veto it, and it looks like a stinker, so far.

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“Insanity: doing the same thing over and over again and expecting different results.” Albert Einstein

“It’s time to raise the tax rate on incomes over $1,000,000 $250,000/year.” Timbuk3

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Sure, it’s a link to Kos, but it’s an Alan Grayson post.

OWS seems to be losing steam. We can hope, I suppose, that there will be a renewal in the Spring, but most of the encampments have been ruthlessly crushed.

If I’d read this as a comment by some blogger on some message board I might not give it a second thought, but I still respect Grayson.

“Mark my words: at some point, people are just not going to take it anymore.”

Always wear clean underwear.

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