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Showing posts with label Paul Krugman. Show all posts
Showing posts with label Paul Krugman. Show all posts

Saturday, May 26, 2012

HBO's Real time with Bill Maher, May 25, 2012




Bill Maher's Panel:

Michelle Bernard is the CEO of The Bernard Center for Women, Politics, & Public Policy.  Earlier this month, she wrote about her belief that "marriage is a basic civil right."

Paul Krugman is the author of End This Depression Now! and a columnist for The New York Times. Yesterday, he called out Wall Streeters for being "spoiled brats...with immense power and wealth at their disposal." Rightardia featured quotes form Krugman's editorial.

Arthur Laffer is a former economic advisor to President Ronald Regan and author of EUREKA! How to Fix California. In a recent op-ed for the Wall Street Journal, he argued that states should abolish their income tax. Laffer is one of the economists who advocates supply side economics.

Comedian Kevin Nealon from Weeds was also on the show.

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Friday, May 25, 2012

Al Jazeera English--Breaking ranks: The sidelining of two conservative giants




San Pedro, CA - "A few weeks ago, Florida Republican Allen West claimed there are "78 to 81" Democrats in Congress who are members of the Communist Party. Despite the outrageous nature of West's accusation, his comments caused barely a ripple in Washington politics. There was no wave of outrage, no gnashing of teeth, no Republican leaders were pressured - much less forced - to condemn him. Indeed, in today's atmosphere, where a majority of GOP voters still doubt or deny that President Obama was born in America, West's remarks barely seemed to register at all.

At the same time, it goes without saying that no Democrat in Congress ever said there are "78 to 81" Republicans who are members of the Nazi Party. And if, by wild improbable chance, anyone did say that, the result would be an immediate firestorm. It would be all across FOX News, of course, but they would hardly be alone. "

This is an excellent article about US politics. it suggest the GOP is the problem in Washington but the centrist Democrats aren't helping matters, 

As Paul Krugman has stated: 

When future historians write about the fall of the American Republic, they will of course lay primary blame on the extremists of the right, who set out deliberately to destroy it. But they will also lay heavy blame on all the centrists and Serious People who not only refused to admit what was happening, but ostracised and silenced anyone who tried to point it out.


The real irony is that the conservatives who have been predicting the decline and fall of the American empire are the ones who are bringing it about.

graphic source:  http://fabiusmaximus.wordpress.com

see the complete article: Breaking ranks: The sidelining of two conservative giants - Opinion - Al Jazeera English Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA 

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Monday, November 21, 2011

Super Committee Republicans starting to have defense spending withdrawal

Republicans are addicted to defense spending

John Kyl (R-AZ) became alarmed and said this on  "Meet the Press."

I can't imagine that knowing of the importance of national defense that both Republicans and Democrats wouldn't find a way to work through that process so that we still get the $1.2 trillion in cuts but it doesn’t all fall on defense as [Defense] Secretary [Leon] Panetta pointed out.


I think there is a way to avoid that if there is good will on both sides. And again I think when the reality sets in even those Democrat friends who would like to see more defense cuts ... will find ways to work around that.


What Kyl is not saying is that the reason the national debt increased during the Bush administration is because of defense spending that increased 40 per cent. That increase did not even include the cost of the Iraq and Afghan wars which has already reached $ one trillion.

Paul Krugman said this in a recent NY Times editorial about the Super Committee: Failure is Good!

Why was the Super Committee doomed to fail? Mainly because the gulf between our two major political parties is so wide. Republicans and Democrats don’t just have different priorities; they live in different intellectual and moral universes.

Rightardia hopes that DoD takes the lion's share of the cuts. US Defense spending needs to reined in. We spend more than twice as much of our GDP on  defense (4.5 per cent ) as we do on the US infrastructure (2 per cent).

China spends 9 per cent of it GDP on infrastructure. This is why the Chinese have the biggest dam in the world as well as the fastest train systems.

Defense spending is like crack to the GOP. The Republicans need to get into rehab before they drive the  US into insolvency.  

graphic source: http://www.opednews.com/articles/Breaking-America-s-Addicti-by-Marcy-Winograd-100222-316.html

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Sunday, January 23, 2011

Krugman ridicules contention that Obama is anti-business



Of course, the Democrats aren't leg hugging corporatists like Republicans. Democrats don't believe corporations should be able to spend unlimited funds on elections or look at the Democratic party as an extension ofcorporate America.

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Sunday, March 28, 2010

Paul Krugman: Holtz-Eakin's "shameful" column on CBO score of health care assertions "that are just not true"


Doug Holtz-Eakin, was John McCain's economic adviser. He recently made some questionable assertions about the cost of the Affordable health Care Act of 2009. Paul Krugman, who recently won the Noble Prize in Economics, was not impressed with Holtz-Eakins 'fuzzy math."

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Monday, February 22, 2010

The Paul Krugman blues


Rightardia is a big admirer of Paul Krugman. But most people didn't see Obama the way Krugman did; the right wing thought he was the savior of the left.

When Krugman wrote columns deriding Obama he was atacked and recieved scathing comments on the progressive blogs, more hate mail, and not the fun kind. The messiah or savior is an evangelical term. Rightardia agreed with Krugman that Obama was an intelligent alternative to right wing stupidity and ideology. 

"I won't try for fake evenhandedness here," Krugman wrote. "The Obama campaign seems dangerously close to becoming a cult of personality."

"OK, you did it," one commenter wrote in response. "You lost me. I've defended you on local blogs but you've sunk into low territory." "You're devolving into a caricature with your gross misrepresentations and strident, ignorant defense of the Clinton campaign," another wrote.

"Paul, you're killing a little bit of your readers' souls," a third wrote, "or at least those of us who used to love your column." "The primary was terrible, it was awful," Krugman says.

source: http://www.huffingtonpost.com/2010/02/22/paul-krugman-profile-in-t_n_471545.html 

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Monday, January 11, 2010

Workers Independent News:The Risk of a Double-Dip Recession

Submitted by Jesse Russell on January 10, 2010 - 6:46pm

 
December’s job numbers were worse than expected – another 85,000 jobs gone. The jobless rate held steady at 10 percent.

But AFL-CIO President Rich Trumka says that’s only because 661,000 workers left the labor force altogether. Trumka says this ominous sign of the deep and continuing suffering of working people raises the possibility of both a double-dip recession and long-term wage and job stagnation.

With 6.1 million Americans looking for work, the AFL-CIO says Congress and the President must move forcefully to create jobs. It took years of financial abuses and corporate giveways by government to get us to this point, Trumka says, and we will only climb out of the hole by keeping our foot on the accelerator urging Congress to quickly pass job creation legislation.

The AFL-CIO says a comprehensive strategy of jobs creation through rebuilding crumbling infrastructure and investing in green jobs along with extended aid to the jobless and to budget strapped state and local governments will get the economy moving again.

Americans need to start using community banks to get small business lending going again and the economy moving again for working people.

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Wednesday, December 30, 2009

Panic in Decade Zero



The decade of zero economic gains for the typical American family can be blamed primarily on the Republicans and its deficit spending while concurrently cutting taxes for the most affluent Americans. 

America has become a warfare society in which 25 per cent of the GDP is spent on defense and little is invested in the US infrastructure in the last 20 of 29 years that the GOP has held the US presidency.

The Bush Ownership society was supposed to give more Americans home ownership. Because of deregulation, an SEC rules change in 2004 that cut Wall Street bank reserve requirements and a willingness to look the other way for predatory lending practices, Americans now own fewer homes than they did in 2000.

Why should you vote Democratic? Because Republicans are evil. The Democrats are the lessor of evil.

graphic courtesy of InternetWeekly.org

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Monday, December 21, 2009

PAUL KRUGMAN: A Dangerous Dysfunction

NY Times: Published: December 20, 2009




The political scientist Barbara Sinclair has done the math. In the 1960s, she finds, “extended-debate-related problems” — threatened or actual filibusters — affected only 8 percent of major legislation. By the 1980s, that had risen to 27 percent. But after Democrats retook control of Congress in 2006 and Republicans found themselves in the minority, it soared to 70 percent.

Paul Krugman's conclusions:

Remember, the Constitution sets up the Senate as a body with majority — not supermajority — rule. So the rule of 60 can be changed. A Congressional Research Service report from 2005, when a Republican majority was threatening to abolish the filibuster so it could push through Bush judicial nominees, suggests several ways this could happen — for example, through a majority vote changing Senate rules on the first day of a new session.

Nobody should meddle lightly with long-established parliamentary procedure. But our current situation is unprecedented: America is caught between severe problems that must be addressed and a minority party determined to block action on every front.  

Doing nothing is not an option — not unless you want the nation to sit motionless, with an effectively paralyzed government, waiting for financial, environmental and fiscal crises to strike.

Read the complete editorial at http://www.nytimes.com/2009/12/21/opinion/21krugman.html

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Monday, October 5, 2009

Paul Krugman: The Politics of Spite

Published: October 4, 2009 

There was what President Obama likes to call a teachable moment last week, when the International Olympic Committee rejected Chicago’s bid to be host of the 2016 Summer Games.




The modern Republican Party, has the emotional maturity of a bratty 13-year-old. 
 




Paul Krugman


“Cheers erupted” at the headquarters of the conservative Weekly Standard, according to a blog post by a member of the magazine’s staff, with the headline “Obama loses! Obama loses!” Rush Limbaugh declared himself “gleeful.” “World Rejects Obama,” gloated the Drudge Report. And so on.

So what did we learn from this moment? For one thing, we learned that the modern conservative movement, which dominates the modern Republican Party, has the emotional maturity of a bratty 13-year-old. 

But more important, the episode illustrated an essential truth about the state of American politics: at this point, the guiding principle of one of our nation’s two great political parties is spite pure and simple. If Republicans think something might be good for the president, they’re against it — whether or not it’s good for America.

To be sure, while celebrating America’s rebuff by the Olympic Committee was puerile, it didn’t do any real harm. But the same principle of spite has determined Republican positions on more serious matters, with potentially serious consequences — in particular, in the debate over health care reform.

Rightardia comment:  Republican bitterness over the 2008 election defeats has made the GOP into sunshine patriots and a disloyal opposition. When a Republican is president , America is supposed to salute smartly, march off to war and pray to Jesus.

A big part of the problem with Republicans is that they think they own the United States. Using a quote form a few good men, "You (the GOP) can't handle the truth!"

The truth is the GOP came perilously close to leading this country into a second depression with its fantasy ideology about free enterprise and deregulation. While the US is in decline, the Chinese are doing marvellous things.

Rightardia agrees with Paul Krugman. The GOP needs to grow up. 

See the rest of the editorial at http://www.nytimes.com/2009/10/05/opinion/05krugman.html?ref=opinion


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Monday, July 27, 2009

Blue Dogs are coporate tools like Republicans

Paul Krugman, like many others, has noticed the Blue Dog stance on health care reform, and discusses it in his column today.

The Blue Dogs are concerned with how much health care reform is going to cost . . . And yet, the alternatives they propose for health care reform would all -- uhm...drive up costs! So, what's the deal? Are these people basically just morons? Krugman states: 

Maybe they're just being complete hypocrites. It's worth remembering the history of one of the Blue Dog Coalition's founders: former Representative Billy Tauzin of Louisiana. Mr. Tauzin switched to the Republicans soon after the group's creation; eight years later he pushed through the 2003 Medicare Modernization Act, a deeply irresponsible bill that included huge giveaways to drug and insurance companies.

And then he left Congress to become, yes, the lavishly paid president of PhRMA, the pharmaceutical industry lobby. One interpretation, then, is that the Blue Dogs are basically following in Mr. Tauzin's footsteps: if their position is incoherent, it's because they're nothing but corporate tools, defending special interests.
And as the Center for Responsive Politics pointed out in a recent report, drug and insurance companies have lately been pouring money into Blue Dog coffers.

See the complete article at: http://www.huffingtonpost.com/2009/07/27/paul-krugman-attempts-to_n_245375.html

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Wednesday, July 8, 2009

Thinking Inside the Box: Solutions for Conservative Simpletons

Paul Krugman write an editorial after the 2008 election called the 'Party of the Stupid.'

As Krugman noted,”Republicans, once hailed as the “party of ideas,” have become the party of stupid.”

Indeed, the GOP has had many ideas, but most of them like deregulation were misguided.

Krugman indicated the problem with the party is “know-nothingism — the insistence that there are simple, brute-force, instant-gratification answers to every problem, and that there’s something effeminate and weak about anyone who suggests otherwise — has become the core of Republican policy and political strategy. The party’s de facto slogan has become: “Real men don’t think things through.”

This 'know-nothingsim is no longer symbolized by George W. Bush. It is symbolized by his female alter ego, Sarah Palin. Sarah attended six different colleges in five years to get a BA is mass communication. She was unable to answer a simple question in a softball Katie Couric interview. She didn't know what the Bush Doctrine was nor could she name magazines she reads suggesting she doesn't read them.

Consider another GOP superstar, John McCain. He was another 'fortunate son' who finished in the bottom one per cent of his Naval Academy class, yet somehow managed to get in flight school which is normally reserved for the best and brightest academy grads. McCain was involved in five aircraft mishaps during his Navy career and was shot down after his 23rd mission in Vietnam. Do we really want some as undistinguished as McCain as our president?

However, if you really want 'dumb and dumber,' try Michele Bachmann in the US House Some of her famous quotes follow:

"Little children will be forced to learn that homosexuality is normal and natural and perhaps they should try it."

"Literally, if we took away the minimum wage—if conceivably it was gone—we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level." —Michele Bachmann, 1/26/05, Jobs, Energy and Community Development Committee, testifying against SF 3, a bill to raise the MN minimum wage and advocating the elimination of the minimum wage altogether.

"If raising the minimum wage to $7.00 an hour is a good idea, that why don't we just raise it to $20.00 an hour, that must be even better." —Michele Bachmann, 1/26/05, Jobs, Energy and Community Development Committee, testifying against SF 3, a bill to raise the MN minimum wage.


"No one that I know disagrees with natural selection — that you can take various breeds of dogs ... breed them, you get different kinds of dogs," she said. "It's just a fact of life. ... Where there's controversy is (at the question) 'Where do we say that a cell became a blade of grass, which became a starfish, which became a cat, which became a donkey, which became a human being?' There’s a real lack of evidence from change from actual species to a different type of species. That's where it's difficult to prove." - Michele Bachmann quoted in the Stillwater Gazette, September 29, 2003.


Krugman also mentions that for years President Bush was the center of a cult of personality that presented him as a real-world Forrest Gump, a simple man who prevails through his gut instincts and moral superiority. “Mr. Bush is the triumph of the seemingly average American man,” declared Peggy Noonan, writing in The Wall Street Journal in 2004. “He’s not an intellectual. Intellectuals start all the trouble in the world.”

Say that again, Peggy! Bush caused a boat load of trouble in the world: torture, the $800 billion Iraq debacle, a failed FEMA effort during Hurricane Katrina, and the Wall Street financial meltdown. The cult of Bush began to fade after Hurricane Katrina. Obama is starting to clean up the political mess Bush created with the Russians.

The weak rationale for the Iraq was apparent from the 'gitgo.' Even if the Iraqis had WMDs, they had no delivery system that could reach the US. The UN inspectors, however, found no evidence whatsoever of WMDs. Bush contacted Tony Blair and planned false flag mission in which he was going to fly a U2 spy plane over Iraq painted in UN colors with the hope the Iraqis would shot at it.

Why were the conservative elite so hawkish? There is a standard conservative bromide that the war is a good idea, many conservatives believe war is good for the economy, but invariably recessions always follow wars. Likewise, a smarter president would raised taxes to pay for a war as all of the other presidents have done. But President Bush didn't want to deny his base of 'have mores' their election booty: huge tax cuts for the most affluent Americans.

GOP is anti-intellectual

Republicans would be wise to take seriously: it's time to abandon the anti-intellectualism that dominates the party's ideology.

Rich Lowry briefly referenced the party's "intellectual exhaustion."Republicans have come to think of reason, evidence, and scholarship as necessarily flawed, to be reviled as an enemy.

Columbia University's Mark Lilla, a former editor of the Public Interest noted with Republican glee over a vice presidential candidate "whose ignorance, provincialism and populist demagoguery represent everything older conservative thinkers once stood against."
It's a sad tale that began in the '80s, when leading conservatives frustrated with the left-leaning press and university establishment began to speak of an "adversary culture of intellectuals."
Over the next 25 years there grew up a new generation of conservative writers who cultivated none of their elders' intellectual virtues. They saw themselves as counter-intellectuals. Most are well-educated and many have attended Ivy League universities.
These people, who should know better, openly mock the advice of Nobel Prize-winning economists and praise the financial acumen of plumbers and builders. They ridicule ambassadors and diplomats while promoting second rate journalists who have never lived abroad and speak no foreign languages.
With the rise of shock radio and television, they have found a large, popular audience that eagerly absorbs their contempt for intellectual elites. They hoped to shape that audience, but the truth is that their audience has now shaped them.
David Brooks stated that conservatives' "disdain for liberal intellectuals" had slipped into "disdain for the educated class as a whole," and worried that the Republican Party was alienating educated voters. The GOP exceeded expectations in the 2008 election. The only demographic they won was people over 60 years of age. The rich, the educated younger Americans and students voted Democratic.
The Republican Party that seems to embrace ignorance for ignorance's sake, as if "facts and figures" are inconvenient annoyances better left to eggheads who read books. Is it any surprise that Stephen Colbert's skewering or Republicans leaders and journalists has become immensely popular?

Nicholas Kristof hopes that Obama's election, among other things, may mark the end of "the anti-intellectualism that has long been a strain in American life."

If the party is sincerely looking for a way out of its self-dug ditch, taking facts, reason, and evidence seriously again would be a good start. Some intellectual honesty would also be helpful.

Stop the snake oil sales

If you look at the GOP platform, it offers little to Americans. John McCain wanted to maintain the Bush tax cuts that doubled the national debt and created one fourth of the jobs created in the Clinton Administration. An article in the Washington Post comparing the Mccain and Obama tax plans blew his cover.

What the GOP really tries to sell is abstract and symbolic conservative values: family values, 'opposite marriage,' old time evangelical religion, and Pro life. Many of the 'Party of No's' values are negative: abolish flag burning, stop gay and lesbian marriage, disband Equal Opportunity and Treatment programs, engage in voter suppression, discredit global warming, and stop the immigration of Hispanics from Mexico, just to mention a few.

The GOP is also anti-tax, but that one trick pony got clobbered in the last election when Obama promised middle class tax cuts. Tax cuts are really the fundamental issue that divides the two political parties. The GOP wants regressive 'flat taxes' and the Democratic Party want a progressive tax system.



Actually most taxes in the US are regressive. For example, the payroll tax system (FICA), a 12.4% Social Security tax on wages up to $106,800(for 2009) and a 2.9% Medicare tax (a 15.3% total tax that is often split between employee and employer) is a regressive tax on income with no standard deduction or personal exemptions.

The Center on Budget and Policy Priorities states that three-fourths of U.S. taxpayers pay more in payroll taxes than they do in income taxes. The Tax Foundation has stated that the burden of the corporate income tax (a 15-39% tax) falls on customers and workers of the corporations, who are often not rich.

The other big tax that Americans pay is property tax particularly real estate. It is also a regressive tax. So it sales tax. The main taxes that are progressive are personal and corporate income tax and the Estate Tax. Are you surprised the GOP is constantly trying to flatten the few progressive taxes that exist in the US?

Is there any hope for the GOP! This seems unlikely since nearly 60 per cent of conservatives want a turn to the right represented by Rush Limbaugh, who is the symbol of the aniti-intellectual right. Even after Sarah Palin resigned as the Alaskan governor, seven of 10 want her to run for president in 2012. How many more times will the Democrats get to drub the GOP before they wake up?

Apparently an old elephant can't learn new tricks.

Sources:

http://findarticles.com/p/articles/mi_m0LVZ/is_8_20/ai_n13726541/


http://findarticles.com/p/articles/mi_m0LVZ/is_8_20/ai_n13726541/Vietnam


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