Double-ply like toilet paper, right?
pdrub comments on Derek Thompson's guest post on Ezra's blog:
Terrible, just terrible. You and Ezra, despite what Jamie Galbraith tried to explain to him, still don't understand the sectoral balances that make domestic deficits imperative.
Government deficit (surplus)=private sector surplus (deficit)
Balanced budgets mean removal of financial assets from the private sector, which then needs to turn to indebtedness.
Contrary to what Atrios suggests, there is a way to stop the freak show, or at least stop it from mattering.
Tell Capitol Hill to TURN OFF THE TV!. Every office on Capitol Hill has the cable harpies on, which is why they can warp our politics so easily. Moreover, no one else watches the cable harpies, let it be known that Capitol Hill had turned off the freak show and their advertising dollars would dry up. The ratings on these shows are not very good. Read below the fold...
Check out this transcript from a show run on November 16th of this year:
JIM LEHRER: In the worst-case scenario, the panel says courts could block foreclosures. Banks would be left holding bad mortgage loans that cost them billions of dollars. That in turn would deepen disruption in the housing market.
But, in the best case, the Oversight Panel acknowledges, concerns about mortgage documents may prove to be overblown, a view embraced by the financial industry. This afternoon, executives from two major lenders, J.P. Morgan Chase and Bank of America, appeared before the Senate Banking Committee.Read below the fold...
On the heels (no pun) of the Girl Scout post, Arthur is starting up a series on fundamental lies. He starts off with Paul Craig Roberts' (former Assistant Secretary of the Treasury) analysis of the recent jobs data which he says show we have unemployment of 22.5% if using the same "less-gamed" criteria as 1980, so let's just go to that. Read below the fold...
We'll be discussing the election results from November 2nd, Keith Olbermann's suspension from MSNBC, ongoing Democrat capitulation to right-wing extremism, and the future of left-wing politics in America as it slides ever deeper into the realm of fascism.
(347) 884-9121 Read below the fold...
Oh my goodness. I'm getting dizzy from all the spinning, yet!
Obama overtures to business fall flat
WASHINGTON, Mon Aug 09, 08:36 PM
Labeled antibusiness by Republicans and some corporate chiefs, President Barack Obama mounted a campaign to show he wasn't. But his charm offensive has hit a rocky patch.
Business leaders gripe about burdensome new financial and health care regulations, what they see as unfriendly tax policies and vast government spending. They were put off by Obama's harsh depiction of "fat cat bankers" and "reckless practices," a label he applied both to Wall Street and to oil-spill giant BP.Read below the fold...
Jason Rosenbaum, who runs the Seminal Blog at FireDogLake gives us an object lesson in what passes for "pragmatism" in Washington today. It is a pragmatism without a sense of limits. And we have seen it from the President, his closest advisers, and the "official" progressives resident in Washington and New York "think tanks" and institutes, in the media and in the "access blogosphere." He says: Read below the fold...
David Dayen defends the list here:
Read some of the avatars of liberal opinion, particularly those online writers in the DC corridor, and the same names always crop up. Everybody links to each other’s posts.
And that of course is the problem. Group think, little Versailles, the Petite Trianon if you will.
Why is the Henrico County Economic Development Commission hosting a book event for Michael Isikoff in Fairfax County? (a two hour drive from Henrico County even in good traffic)
Henrico County Virginia presents Newsweek's and MSNBC's Mike Isikoff
Hear him answer the question on the mind of every business person:Read below the fold...
“Obama’s Record and the Election
Outlook for 2010: How Vulnerable
Are the Democrats?”
Join Michael Isikoff for an exclusive free-of-charge breakfast/conversation.
At least some of that ambivalence was in evidence this week when our office was deluged with almost a thousand critical e-mails from people who said they were upset and angry that an hour-long look back at how the White House ultimately hammered out a historic agreement on health care, aptly titled "Obama's Deal," failed to deal with the single-payer system advocated by many of those who were not part of the deal.Read below the fold...
Contact PBS ombudsman Michael Getler at 703-739-5290 and demand that Front Line correct its coverage of the Baucus 8
“Obama’s Deal” endeavored to reveal the significant influence of health industry dollars on our political process; however, as in Frontline’s “Sick Around America,” the producers did a disservice by the failure to educate the public about the bigger picture of the health care situation in this nation and the range of possible solutions.
Curiously, just as it was in the health “debate,” single-payer, improved “Medicare for All,” was excluded from the film.Read below the fold...