In politics stupidity is not a handicap. — NapoleonWhere a calculator on the ENIAC is equipped with 18,000 vacuum tubes and weighs 30 tons, computers in the future may have only 1,000 vaccuum tubes and perhaps weigh 1.5 tons. — unknown
The Need for Debt (Stimulus) for Dummies: When there’s an excess of certain kinds of debt, debt that stimulates growth is in fact necessary. The slightly longer, more professional version of the preceding is here.
By 1937, the nation turned away from policies needed to recover from the Depression and the economy was again tanking, thanks to rightwing Republican pressures (to say the least). Fiscal responsibility — spending and tax cuts were the GOP order of the day, not stimulating a savagely weakened economy. Then WWII forced us into the Keynesian solution. This time? Well, we have our wars but they’re too little to do anything except waste money. And we have a leadership who just can’t take the Keynesian approach because the right simply won’t allow a single penny being kept from the speculators (as opposed to investors). Happy Labor Day. (Link. Longer, more informed version here.) And if you think I’m mis-estimating the nation’s leader — real leaders, not retards like President Palin — read this.
Has there ever been a more impotent majority party putatively leading the nation?
Christofascist America-hating asshole: Pastor Bill Keller.
Flash: This scoop is all wrong. Investigative reporting has become rarer and rarer for decades. But whatever you can expect from modern journalism, regular competence isn’t it.
Is this a joke? More jobs than expected added so all is well? “More jobs” as in “Still woefully short of what’s needed to keep up just with population growth”? That’s supposed to be a sign that all is getting better? And this idiocy goes on the front page of the Times instead buried in the business section? Maybe this is how the Times is trying to chase readers away?
If an idiot said something as stupid as this, fuelling a bubble, maybe he’d get called on it but it was that superior Objectivist, Alan Greenspan, so it was lionized as brilliance:
American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage. To the degree that households are driven by fears of payment shocks but are willing to manage their own interest rate risks, the traditional fixed-rate mortgage may be an expensive method of financing a home.
Notice: Only reporters who actually report are required to be perfect. Everyone else can lie, distort, etc. See?
Hmmm…. AP reports the truth about Iraq combat to their reporters (but to the public?)….
Florida hates homeowners even more than the Feds (with HAMP) do. Not the underwater and delinquent homeowners because they clearly believe in Florida that prices aren’t depressed enough.
Necessary knowledge: How to break bricks and boards with your bare hands.
Good God what an asshole; Thomas Friedman, major pundit:
An open note to Sandra Bullock: Please have Jesse James whacked. He’s earned it.