A Blank Spot on the Map

Saturday, January 29, 2011

Daniel Mitchells Bullshit

OK Alex this is the new boring guy progressive. Just arguing facts. I always thought I was being funny arguing the liberal side with a "Lee-like" bent. But I don't want too hurt feelings or harm good liberals like Britshcress. You guys are gonna miss the old me...

OK so then you don't see any wholes in Mr Mitchell's logic?

Answer me this.

Right now what percent of revenues comes from government spending?

And this; How much does a 0.1% decrease in growth (GDP) effect revenue?

All told, if growth of real GDP each year was 0.1 percent-
age point lower than is assumed in CBO’s baseline,
annual deficits would be larger by amounts that would
climb to $68 billion in 2021. The cumulative deficit for
2011 through 2021 would rise by $310 billion.

Saturday, January 15, 2011

Messing with Righties

I don't really think corporate profits or the stock market are good indicators of economic soundness. I am just messing with Righty!

Friday, January 07, 2011

Racheel Maddow rips the repubs a new one...again

Visit msnbc.com for breaking news, world news, and news about the economy

Thursday, January 06, 2011

Republican Stockholm Syndrome

From Right Thinking from the Left Coast blog around 1/5/2010

[quote]Tax or no tax, it is money they didn’t have to spend because the end[/quote]

BAITING ALERT.... Alex this post is best left un-replied to for it is the equivalent of me putting down a trail of Skittles and waiting for you to come munching them one by one while I wait around the corner with Boner's Big New Gavel to conk you on the head with as you take the bait. Please DO NOT take this bait... you've embarrassed yourself enough for all eternity in the substance of the blog-o-sphere with that last reply... any way here goes....

First more concessions... that's the only way we can make this seem fair. I have half of my brain tied behind my back for starters. Of course it is the left side where all the right wing fanaticism originates anyway but that's another subject.

Let's pretend your lie is true and that half of the $5.2 trillion comes from the TARP and the Stimulus.

Specifically point to one program the Pelosi House passed that accounts for even 5% of that remaining $2.6 trillion.

So since you can't what DOES account for that $2.6 trillion... in fact the answer is .... the facts are as follows.

Cost of Bush era tax cuts .... $1.5 trillion
Cost of Iraq/Afgan war .... $ 0.9 trillion
Cost of Unfunded Medicare part D .... $ 0.3 trillion
Decreased revenues from
Republican lead Great Recession ... $1.6 trillion

Total = $4.3 trillion of deficit during Pelosi's 4 years completely not of her spending increases and completely fall out from the Republican policies that preceded her tenure.

Those are the facts and your version of reality requires you to deny them and to lie to yourself. That's the ONLY way you can hold your positions and say the things you say. That you have a cadre of like -minded unthinking delusional brain washed people who will back you up doesn't change reality. Reality involves the real world... you guys aren't up for that. Your brains are not your own.

So in the end I don't fault you guys for your ignorance. You are indeed all victims. Like children raped repeatedly who defend their abusers you suffer a Stockholm Syndrome not of your own doing.

What you all need is some counseling with some one willing to use the Giant Boner Speaker Gavel a few good times on your noggins about three times a week...while you repeat the phrase..."I'm form the government and I'm here to help my name is Ronald Reagan and I'm from the government and I'm here to help...my name is Ronald Reagan and I'm from the government and I'm here to help...my name is Ronald Reagan and I'm from the government and I'm here to help...my name is Ronald Reagan and I'm from the government and I'm here to help"... with a little time your sense might return to you and you might be able to join the rest of us here in the real world in time to save our Republic.

Wednesday, January 05, 2011

Race too the Bottom

"As for the alleged “equilibrium” that Mr. Meyerson mentions, to understand that it is fanciful requires only that one ask the following question: would Boeing remain solvent if it raised its workers’ wages so that they could afford to buy the commercial airliners they make?" Don

Wow... I think you've just been awarded the greatest non-sequitur of the new year ... so far.

People predicted decades ago globalization and the so called free trade agreements would result in a race to the bottom for the American middle class. Now we see the end results of pinning our hopes on cheap stuff manufactured by the worlds poor.

Wages are down and unemployment is up. College education, housing , transportation and health care are more and more out of reach for the average person. Personal debt has skyrocketed. The problems are no longer cyclical but structural.

Meyerson is right on and Don's only come back is to dig in his heals and toss a totally irrelevant supposition into the mix.

American corporations just recorded record profits.... RECORD PROFITS!!! That fact tied with dreary long term outlook for wages and jobs should tell the most simple minded among us the system is in serious distress.

Don you are so tied to your ideology history will not look back well on you and your peers for the positions you've clung to completely devoid of attention to the real world in favor of ideological purity. Modern day Irving Fisher equivalents.

Marx nailed it so many years ago;

"It is in the very nature of the capitalist mode of production to overwork some workers while keeping the rest as a reserve army of unemployed paupers."

– Marx, Theory of Surplus Value

For all the children out there quoting Marx accurate portrayal of the problems of capitalism does not make one a communist ... so grow up and deal with the reality of the above quote. It's truth is playing out before our very eyes.

Tuesday, January 04, 2011

Twix and Parker

Monday, January 03, 2011

Predictions for improved economy.

From Cafe Hayek;

Imperfect, but true

Tweaker said, " I guess we really should have known that Nafta was going to bite us in the ass 14 years later? "

Ross Perot body slams The Tweaker. At 0:53 he points out that it will be disruptive for 12-15 years.

Anyway ... so what you are telling me is you want to throw out the latest data?? I think we will have high unemployment for a long time.... until income inequality decreases , median wages increase and the exports increase compared to imports.

Save this post tweaker because we can come back to it in 5 or 10 years and you'll see I'm right.