Monday, November 17, 2014

Prof. Krugman Explains Right-Wing DirtyTricks

The Ebola scare is over.  Professor K wants us to learn lessons about the Right Wing though from the polemical miasma surrounding it.  He writes, "Ebola wasn’t just a disease — it was a political metaphor". It was claimed  by America’s right wing  to be Obama's failure, naturally enough, right?

"The usual suspects claimed that the Obama administration was falling down on the job, And further, " Leading Republicans suggested ignoring everything we know about disease control and resorting to extreme measures like travel bans, while mocking claims that health officials knew what they were doing.
Says our man in the dismal science,  "Guess what: Those officials actually did know what they were doing.  

 What comes to light is that government does function even with the Right obstructionism and childish behavior so disheartening to see in men and women who ought to be statesmen.  It makes one ashamed to be An American, does n' t it 

Well, think back to Solyndra The Right made mush of it for using Department of Energy guarantees, It went bust leaving the government with the check.   And "conservatives have pounded on that loss relentlessly",  They used it to badger the Obama administration, and of course most specifically, the president himself.  Recall "one-term president".
"Defenders of the energy program tried in vain to point out that anyone who makes a lot of investments, whether it’s the government or a private venture capitalist, is going to see some of those investments go bad."  Warren Buffett is an investing legend, with good reason — but even he has had his share of lemons, like the $873 million loss he announced earlier this year on his investment in a Texas energy company."

  His loss is one and one half the size of the Federal loss!
Krugman then makes this sure-to-raise hackles assertion of fact:  
 "Department of Energy has made some bad loans — if it hasn't, it’s not taking enough risks. It’s whether it has a pattern of bad loans. And the answer, it turns out,  the program that included Solyndra is, in fact, on track to return profits of $5 billion or more."
Continues the Prof.:  

Affordable Care Act is being dominated by fake scandals drummed up by the enemies of reform. But if you look at the actual results so far, they’re remarkably good. The number of Americans without health insurance has  dropped sharply, with around 10 million of the previously uninsured now covered; the program’s costs remain below expectations, with average premium rises for next year well below historical rates of increase; and a new Gallup survey finds that the newly insured are very satisfied with their coverage. By any normal standards, this is a dramatic example of policy success, verging on policy triumph.
And finally the kickerFriends:  
"Remember all the mockery of Obama administration assertions that budget deficits, which soared during the financial crisis, would come down as the economy recovered? the deficit has indeed come down rapidly, and as a share of G.D.P. it’s back down to pre-crisis levels."

Do not draw from this the conclusion that government is always on target, correct, delivers the right solution right off the bat.  No, Krugman writes:
"modern American political discourse is dominated by cheap cynicism about public policy, a free-floating contempt for any and all efforts to improve our lives. And this cheap cynicism is completely unjustified. It’s true that government-hating politicians can sometimes turn their predictions of failure into self-fulfilling prophecies, but when leaders want to make government work, they can.
And let’s be clear: The government policies we’re talking about here are hugely important. We need serious public health policy, not fear-mongering, to contain infectious disease. We need government action to promote renewable energy and fight climate change. Government programs are the only realistic answer for tens of millions of Americans who would otherwise be denied essential health care."
Then finally the killer blow: "Conservatives want you to believe that while the goals of public programs on health, energy and more may be laudable, experience shows that such programs are doomed to failure."

 The president and his crew have succeeded, done an excellent job in spite of the Right's obstructionism and idiotic, shameful, conduct.  Don't let them tell you lies.  Don't be hoodwinked, please!


Tuesday, October 28, 2014

Prof. Paul Krugman on Inflation Hysteria, Ignorance

Open Letters of 1933 -

Professor Krugman writes:

"It’s all there: decrying inflation amid deflation, invocation of “confidence”, a chin-stroking pose of being responsible while urging policies that would perpetuate depression. Those who refuse to learn from the past are condemned to repeat it."


Thursday, September 18, 2014

Who The Hell Is Prof. Steve Hanke Anyway?!

Thatcher's "revolution", like Reagan's, never happened. 

Prof. Hanke, from the University of Baltimore, for whatever credentials this provides him, is one commentator 

I've not heard of and I would be willing to bet my Grandma's knickers to your Grandpa's suspenders that he is ranked very low in the field of Economics. A freshwater economist from a freshwater university 

I'll bet you.  He posted this little article recently headlined Prof. Krugman Snared By 364 Trap.  

Why the Huffington Post gives him space is puzzling to me at least. No longer are there any reputable economists in the field who give any credence to the notion that Thatcher and the Reagan polities did any good at all for anyone.


Wednesday, August 20, 2014

"As I Went Out One Morning (the fairest damsel that ever did walk in cha...

It is a song, really, about the sad fact that for all the chest thumping about our nation being the "land of liberty", so much of what we read and see daily gives the lie to that shibboleth.


Friday, June 27, 2014

"Delia" Traditional Blues and a true story from the early 20th century S...

Delia Green shot by her boyfriend, Moses Houston, on Christmas Eve in Georgia in 1900 .  Played by, among many other artists, Blind Willie.  A very sad true story.  The lyrics get the facts exactly right.


Wednesday, June 11, 2014

Sign the petition: Tell Target to stop letting people openly carry guns in their stores.

Sign the petition: Tell Target to stop letting people openly carry guns in their stores.

Recently, extremists armed with semiautomatic rifles have walked into Target locations around the country, weapons out and loaded, making sure customers saw their guns. The man in the image on the right is standing in one store's baby aisle!

And what's worse is that news broke last week of a loaded gun being found in the toy aisle of a Target in South Carolina!

Target is holding its annual shareholder meeting TODAY -- meaning important decisions about policies could be made in a matter of hours. The company's executives need to know where we stand.

Chipotle, Starbucks, Chili’s, Sonic Drive-In, and Jack in the Box have already responded to petitions asking the stores not to allow guns. Now it’s Target's turn to adopt gun sense policies that protect families who shop in its stores.

Please, sign the petition urging Target to stop people from openly flaunting guns in their stores.

Keep fighting,
Rachel Colyer, Daily Kos