If Obama were to invite Paul Krugman to another dinner, Krugman might decline
A spending freeze? That’s the brilliant response of the Obama team to their first serious political setback?
It’s appalling on every level.
It’s bad economics, depressing demand when the economy is still suffering from mass unemployment.
And it’s a betrayal of everything Obama’s supporters thought they were working for. Just like that, Obama has embraced and validated the Republican world-view...
And perhaps the most important element of that world-view is this: The only jobs-creation program which our political culture now permits is a program involving weaponry. The economists who (rightly) castigate Obama's plan as a failed attempt at budget-balancing
may be missing the point.
Obama may try to slash agricultural subsidies, and that attempt probably won't succeed, but he'll come out of it looking like a deficit hawk. In reality, the lion's share of the budget goes to the military, Social Security, Medicare and interest payments on the debt. Only military spending can create jobs. The ballyhooed spending freeze is nothing but political cover.
In short and in sum: Barack Obama is Ronald Reagan without the whimsy. The Reagan boom was ascribed -- rightly, I think -- to what was called "military Keynesianism." Today, only 40 percent of the citizenry wants to see increased military spending, yet increase it will -- because any other form of stimulus would face crippling right-wing opposition, and the right still controls the country.
All we need is a trigger. An incident. Watch it happen.
Looks like the psy-warriors are prepping us for a WMD attack in the U.S
Health care reform: Bye bye!
Mr. Reid said that he and the House speaker, Nancy Pelosi of California, were working to map out a way to complete a health care overhaul in coming months. “There are a number of options being discussed,” Mr. Reid said, emphasizing “procedural aspects” of the issue.
They're passing it further down the line. In an election year, that means they are doing nothing. Looks like there's no hope of the Dems going down the filibuster-busting reconciliation route.
Of course, I did not like this reform package. But I did want to see a true filibuster take place.Nipped!
The young right-wing twerps who set-up ACORN were caught infiltrating Senator Mary Landrieu's office.
They posed as telephone repairmen to set up wiretaps. Naturally, the conserva-bloggers are hailing these neo-Watergaters as heroes.
The Watergate advice remains sound: Follow the money. Who was paying these guys?