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July 28, 2011 03:47 PM UTC

Thursday Open Thread

  • 55 Comments
  • by: Colorado Pols

“Virtue is persecuted more by the wicked than it is loved by the good.”

–Gautama Buddha

Comments

55 thoughts on “Thursday Open Thread

  1. I’m off to Hawaii for 1½ weeks vacation. A state with 1 Republican in the Senate, 7 in the House, and the highest percentage of public sector jobs in the nation. Add in the great climate and many here would call that heaven 🙂

    So everyone here have fun, solve the debt crisis, get the rich to pay their fair share, and see if you can get you-know who to make sense in his comments. (Ok, the last one I’ll admit is impossible.)

    1. I’m gone for a while for a trip to visit family and friends in my adopted home.

      I’ll be bikeriding to the center in a bit to have a few Hoegaarden, eat some Kroketten and enjoy De Dom van Amersfoort.

      Groetjes!

  2. Interesting correlations in this poll ….. most Americans believe if you can’t afford a house, then you should sell it versus relying on the government to make your mortgage payment.

    The same goes for the government ….. if you can’t afford it then don’t rely on your neighbor to foot the monthly nut …. especially with one that only 17% of the population feels is headed in the right direction to start with….

    http://www.RasmussenReports.com

    The Rasmussen Reports daily Presidential Tracking Poll for Thursday shows that 25% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-three percent (43%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -18 (see trends).

    Just 17% of Likely U.S. Voters now say the country is heading in the right direction. That finding is the lowest measured since Barack Obama took office.В 

    A closer look at housing data shows that even financially troubled homeowners say that a better approach for someone who cannot afford to make increased mortgage payments is to sell their home and buy something less expensive rather than have the government assist them in making payments.

  3. Again, looking for feedback and discussion on the summary below. I want to make sure I have the correct concepts down so that I can inform and educate those that would radically call for spending cuts versus extending the current glide path.

    Why we need to increase the debt limit:

    Unless we grow the debt limit, which will allow more spending to occur, we cannot meet our current and short-term payment obligations. Ideally we need to up our government tax receipts (with or without any new employment as a driver of those government revenue increases). Only if we accomplish these two things will these debt rating firms not downgrade the US debt. Did I get that right?  

    1. for the lion’s share of the shortfall of revenue compared to spending, disproving the theory that tax cuts increase revenue. You might also want to note that one of the reasons for this is that the tax cuts have not created jobs.  Another reason is that less, you know, makes for less.

      Oh and  Boehner’s plan doesn’t even pretend to save as much as Reid’s which is pretty much everything Rs demanded in the first place. Ryan’s budget (remember that, coupons for everyone?) actually raises debt.

      In other words Rs just want tax cuts and spending cuts (not to mention a fondness for off the books wars and subsidies for the corporate elite) with absolutely no reference to anything practical but simply in the service of an ideology which has demonstrably failed to achieve any concrete successes in the real world by any objective measure.

      In other words, it doesn’t deliver.  Time to try something else. Simple.

      1. A House Democrat indicated Wednesday that Senate Majority Leader Harry Reid (D-Nev.) might not have party members’ votes locked down for his deficit proposal.

        “I’m not going to commit to something that nobody I know has seen and had a chance to analyze,” Rep. Earl Blumenauer (D-Ore.) said. “I want to see it.”

        ….snip….

        But Blumenauer said that few Democrats have had a chance to sign onto Reid’s alternative measure. “I had dinner with one of my friends who is a senator last night, who was saying they’re really interested in seeing the details,” he said on CSPAN’s “Washington Journal” program. “They haven’t seen the details yet.”

        http://thehill.com/blogs/blog-

        1. what I wrote you respond to something I never mentioned; the Reid plan.  

          Actually I think the Reid plan, a near complete capitulation to GOP extortion even though it’s been proved that GOP economic policy hurts us, costs jobs, and shrinks the middle class, is awful.  We need to stop the destruction that the GOP’s discredited ideology has and continues to  spread, not “compromise” (read completely surrender to it). Just sparing medicare and social security while going along with the entirely false idea that spending cuts and continued inadequate revenue is going to do anything but cause more suffering and recession is hardly my idea of a good plan.

          I believe it’s time for the president to end this gun to our heads for no logical reason nonsense at once by using the 14th amendment option to raise the debt ceiling. The 14th amendment gives him a way to save the hostages without paying the blackmail and he should do it.

          Have e-mailed the WH (haven’t been able to get a call through for days) and called Bennet’s and Udall’s offices to urge the 14th amendment option, especially since the only “compromise” available is for the Dem  Senate to go with the Boehner plan if it passes the House.

          Even if Reid’s slightly less bad plan (it also goes  to 2013  so that’s another plus) passes the Senate it has no chance in the House. So Reid’s is not to be taken seriously and Boehner’s is simply unthinkable. That leaves it up to Obama to use the perfectly good weapon at his disposal. I believe he would be derelict not to use it.

          1. You specifically referenced Reids (private and yet to be released) plan in your post.

            The fact is members of his own party haven’t even seen a copy. It’s all right there in the hill.com



            Even Rep. Earl Blumenauer (D-Ore.) is demanding that Reid share his plan.

            No wonder there is a clearly low number of posts at CPs today …. the Democrats have finally realized they’d soiled the sheets.

            Now go out and surf all those Soros funded websites for today’s talking points … You’ve got to get some better material.

            1. I only mentioned Reid’s plan to say Boehner’s saves less, not to support it.   Google it.  It’s been widely analyzed and discussed  

              You ignored all my main points. But you got me. I should have said, “nothing I expounded on or expressed support for.”

              OK then: Naturally you refused, as usual to address my main points. Happy?

    2. the tremendous increase in deficit and debt that comes from the first time we ever fought wars without paying for them. That amounted to a giant transfer of wealth from citizens to Halliburton and others

    3. “We are having a debt-ceiling crisis because Congress has given the president contradictory commands; it has ordered the president to spend money, and it has forbidden him to borrow enough money to obey its orders.”

      http://edition.cnn.com/2011/OP

      So, Congress ordered the government to spend lots of money – much much So much of it on wars, medicare prescription, millionaire tax cut. Now Congress wants the President to not do what it said?

      1. You recall the 2010 fall election, well there is more of that on tap. We elected the players that made risky fiscal bets, now we see a need to reform.

        Scott Tipton gets it, as do the citizens he represents.

        http://coloradopols.com/showCo

        Now strap on that DOT certified helmet and lock into your 10 speeds pedals as you ride off into the afternoon Holland sun. Hopefully they have bike paths so that your not confronted by crazed Dutch or immigrant Muslims driving about the lowlands hopped up on cannabis.

        1. and we all KNOW there’s gonna be a next time — please, please, please throw away the freakin’ key!

          (I’m not saying that ‘Tad wouldn’t eventually return — say, as, Penniless S. Dogood — I’m just saying that I think most Polsters have a great appreciation for empty symbolic gestures . . . Probably stems from all the time we’ve all spent observing Democratic legislators.)  

        2. ….there’s so many bike paths and educated drivers that the risk of accident is too low to worry about.

          Besides, the only stoned people in the street are American Tourists, and when they cut off koffieshop sales to Dutch citizens only, that went way down.

          I’m not worried about any confrontation with Dutch citizens or legal residents from Morocco or other Muslim nations. I’m not an overrated fat Dutch filmmaker with a website that constantly posts hate about their culture.

          I will be frequenting their shoarma stands every chance I get, however…  

  4. …ye Gods, I wish this guy had been the 2K version in the last election – he might have won!


    McCain erupts: Conservatives are lying to America

    So the debt limit debate has come to this: John McCain, who you may recall was the GOP’s 2008 standard bearer, is now openly accusing conservatives of actively misleading America with their completely unrealistic demands, which he labeled “deceiving” and “bizarro.”

    In a seminal moment in this debate, here’s some video of McCain on the Senate floor today, unleashing an angry tirade at conservatives who are still holding out for a balanced budget amendment as part of any compromise on the debt ceiling. McCain accused them of “deceiving” America into believing such a thing can pass the Senate:

    “What is really amazing about this is that some members are believing that we can pass a balanced-budget amendment to the Constitution in this body with its present representation – and that is foolish,” McCain said angrily. “That is worse than foolish. That is deceiving many of our constituents.” McCain went on to rip the idea as “bizarro.”

    http://www.washingtonpost.com/

    My 401(K) is now heavily invested in Precious metals and Swiss Francs. Better get ready for the shitstorm the dumbasses in the Republican’t Party are about to spew on the rest of us….

    1. First, Obama circa 2006-2008 shows back up and gives a couple speeches. Now we have the 2000 edition of John McCain in the house. Shoot, I’d vote for this guy over most Dems, if I could be guaranteed I’d be getting THIS McCain, not loopy only-even-halfway-trying 2008 McCain.

      1. One non-loopy idea does not a return to mental competence make. It’s probably more of a grumpy old man, these young Tea Party punks won’t listen to their elders, mainly me, kind of thing.  Next he’ll be yelling at them to get off his lawn and refusing to return their ball.

        1. I really miss early 2000 McCain. I have a great deal of respect for his life experience (except the leaving his disabled wife for a younger, richer model thing) and although I disagreed with even the old McCain on many things, I found him well-reasoned, measured, empathetic, and logical. It’s nice to see him seem to channel a little of that again, even though you’re probably correct that it’s a temporary moment of semi-clarity motivated mostly by ego.

          1. I love this:

            …The idea seems to be that if the House GOP refuses to raise the debt ceiling, a default crisis or gradual government shutdown will ensue, and the public will turn en masse against . . . Barack Obama. The Republican House that failed to raise the debt ceiling would somehow escape all blame. Then Democrats would have no choice but to pass a balanced-budget amendment and reform entitlements, and the tea-party Hobbits could return to Middle Earth having defeated Mordor. (my emphasis)

             Take that, Tea Party

    2. or in a “mental recession?”

      Does he no longer feel that “a lot of our problems today are psychological?”

      I hope McCain’s latest incarnation signals a possible R vote for the Reid plan.  But I’m not holding my breath.

      1. going back even before 2000, is that even though he possesses, understands, and sometimes expresses a statesman like view of reality, he is first, and foremost, a “good soldier.”  When push comes to shove, he will grit his teeth, shut his mouth, obey his marching orders, and slog it through for the team, even though he knows and believes they aren’t embarked on the proper course of action.

  5. .

    three teens killed near my home.  

    I saw them moments before they were shot, and heard the shots.

    I bumped into an Uncle and Aunt of two of them.  I couldn’t speak my sorrow.

    .

    1. Too much mourning in the world lately, and the people being mourned all seem to be much, much too young. I will keep your community in my thoughts, although I’m not sure where River City is.

      1. .

        on the banks of the mighty Monument Creek, which joins the flowing Fountain Creek downtown,

        before continuing South to the Arkansas in Pueblo.  

        The moniker is borrowed from “The Music Man.”

        .

  6. BP has $5.3B in oil profits in the Q2

    http://www.bbc.co.uk/news/busi

    Yet,

    NEW ORLEANS – Robert Campo once believed the TV commercials by oil giant BP that promised to “make it right” and compensate those along the Gulf Coast who lost work during last year’s disastrous oil spill.

    More than a year after the spill ruined his oyster beds, however, Campo is still waiting for what he believes is full payment. The $20 billion fund created by BP to compensate those ruined by the spill has offered him less than one-third of what he requested. He’s still waiting to hear why.

    http://www.usatoday.com/news/n

    1. $3.4 BILLION

      ConocoPhillips’ second quarter profit.

      $5.6 BILLION

      BP’s second quarter profit, which investors called “disappointing.”

      $8 BILLION

      Shell’s second quarter profit.

      $10.7 BILLION

      ExxonMobil’s second quarter profit.

      17.6 Percent

      ExxonMobil’s effective federal tax rate.

      20.4 Percent

      The average American’s individual effective tax rate.

      41 Percent

      The increase in ExxonMobil’s second quarter profits.

      $77 BILLION

      The cost of taxpayer-funded subsidies for Big Oil from 2011-2021.

      In one sentence: Even as ExxonMobil made more than $118 MILLION a day in profits last quarter, it is still paying a lower tax rate than the average American.

  7. Cutting the U.S. deficit by some $4 trillion over 10 years would be a good start, but more savings would be needed over time to bring the country’s finances under control, ratings agency Standard & Poor’s said on Thursday

    http://www.reuters.com/article

    John Chambers, the chairman of S&P’s sovereign ratings committee, said deficit cuts of that magnitude “would signal the seriousness of policymakers to address the fiscal position of the United States.”

    His comments, made during a conference call with clients, suggest S&P would probably be convinced to keep U.S. ratings at AAA if lawmakers were to show commitment to solving the debt problem with bold deficit-cutting measures

    .

    These bastards would probably be on board for some revenue enhancements too.

  8. Here’s a clip of Bill Nye (“The Science Guy”) helping a Faux News “anchor” understand, via a good ol’ verbal spanking, the difference between science and ideology.

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