“By ‘radical,’ I understand one who goes too far; by ‘conservative,’ one who does not go far enough; by ‘reactionary,’ one who won’t go at all.”
–Woodrow Wilson
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Oh, wait, it is pretty bad.
it’s a plan. And, Romney needed something to talk about since his record, his foreign policy acumen, and his business experience are all off the table.
At least at any depth. Not that one can’t find out everything with a little research.
Does anyone recall if he did tithe his obligatory 10% on those tax returns?
That works for me.
I am curious about some of the other stuff that tax returns would show.
his charitable ran about 14 pct as I recall, which is his tithe and a bit more for other stuff. It made me feel a lot better about his carried interest 14 pct.
On second thought, how ’bout that budget plan, huh?!
Romney and Ryan should wear hats when they campaign. 1950’s fedoras or some other seasonally appropriate head wear (no caps or berets). That would be something to talk about and would further separate them from JFK.
war on the midde class ? who ? me ?
AIG, insurance giant and crazy speculator was hit hard by the mortgage market collapse.
The taxpayer bailout including a very large line of credit, access to TARP, and other gov’t subsidies which saved AIG (outrageous bonuses and all) by March 2009, the government owned 92 percent of the company.
The worst of the worst and the best illustration of Too Big To Fail.
Friday Treasury announced the fourth sale oF AIG stock since the save, which will lower the gov’t ownership to just over 50%. Treasury (taxpayers) make $300 million on the transaction, a bit better than the other three sales, though all were profitable.
AIG has already paid it’s debt to the Federal Reserve, netting $13 billion profit to the Fed.
AIG bailout will be studied for years to come as the classic example of of moral hazard and TBTF. It is still Too Big To Fail – and although Dodd-Frank probably gives the Fed authority for special oversight, legislation can and should be strengthened. Or AIG should be broken up. (T. Roosevelt was a Republican and he broke up several TBTF companies.)
The AIG bailout sucked and was unfair to the taxpayers who saved it, and competitors who were less irresponsible. But the alternatives would have been much worse. We can study and debate the AIG rescue today because we are not coping with a complete global financial collapse.
ht Charles Lane, Washington Post, today
“The boom cannot continue indefinitely. There are two alternatives. Either the banks continue the credit expansion without restriction and thus cause constantly mounting price increases and an ever-growing orgy of speculation, which, as in all other cases of unlimited inflation, ends in a “crack-up boom” and in a collapse of the money and credit system. Or the banks stop before this point is reached, voluntarily renounce further credit expansion and thus bring about the crisis. The depression follows in both instances.” Mises, L. v. (1940), Critique of Interventionism, p. 40.
Because the day any business in a boom (not just banks) “voluntarily renounces” what they’re doing in order to keep a bubble from inflating is the day monkeys fly.
How about the following regulation? 100% gold reserves or other commodity.
The mother of all regulations.
John Maynard Keynes, The General Theory of Employment, Interest and Money, Book 3, Chapter 10, Section 6, p. 129
Like all things Keynes, that quote makes no sense.
but you might want to keep that to yourself
Keynes attempted to paint a relevant and useful analogy, which of course he failed miserably. His scenario is incredibly far-fetched although it sounds like something guberment would try, to promote jobs. On the other hand, the Mises quote is exactly what was happening then and what is still happening today. Expand the base money with fiat currency via easy credit and create a bubble. A bubble that must be allowed to pop or continuously and forever reflated.
Since you are so smart, give us your take on that Keynes quote. You must admit, Keynes and his animal spirits are no better than fortune telling.
An economist whose theories work when applied time and time again vs. Nock, he who thinks a skinny teenager could kill him with a single blow. Whom to believe, whom to believe…
the biggest manner in which it was ever done was with FDR, and it worked.
Check this out.
http://1.bp.blogspot.com/-AQEI…
Sorry I can’t post the graph.
Do you think that Romney is confused?
I thought the John Lennon part was perfect. And the rest ranged from good to great. Loved Eric Idle (with the unnecessary bleep from NBC).
As a parent of an 8 year old watching the closing ceremonies, I though the bleep was shit.
The bleep gives curse words way more attention than is needed. Without the bleep, my daughter would’ve kept bobbing her head and trying to whistle. Instead she stoppe mid-head bob and said, “He said a bad word!”
I don’t subscribe to the idea of traditional bad words. I think it’s fucking stupid.
there’d be Spice Girls . . . glad you’re happy now.
Normally I leave the conspiracy theory posts to others, but after doing some research from legit news sources (Washington Examiner and RT being the antithesis of this) I found this on the Daily Mail website:
http://www.dailymail.co.uk/new…
Not sure if they are so on the face recognition, databanking, etc., but definitely the most cameras of any nation at this time.
They also have very strict rules about photography, this is all pre-Olympics. Besides the usual stuff about not taking pictures of potential tarist targets, they are very strict about having rights to take photos of public buildings! Like having to have written permission from the Parks Service to snap the Washington Monument.
I don’t think we can put this genie back into the bottle.
but this was in WIRED a few months ago:
http://www.wired.com/threatlev…
All that video footage has to go somewhere….I guess it’s going to the desert in Utah for “threat analysis.”
belittles many people more than it belittles those who support Ron Paul. I have heard the term for more than 4 years. While I think you are using shorthand to describe a set of people who are remarkably ill informed, like the teabaggers, I think the use of this pejorative belittles those who simply have leaning disabilities or developmental disabilities.
It’s a sad irony that most people with developmental and intellectual disabilities would suffer greatly if either Paul — Ron or Ryan — were elected.
where both candidates on one of the tickets lose their home state ?
Don’t know myself, but that would be kind of funny.
when you’ve got as many “home states” as Willard it’s gotta be tough just remembering them all, let alone carrying every damn one . . .
lets peg it at the state where they held (or hold) elective office.
The habit of resending me an email I already deleted, with a new “Just wanted to make sure you saw this!” got on my last nerve.
Email barrages have been a moderately effective fundraising method for a couple decades now, but I think they’re about to stop working entirely and start becoming a negative for organizations and campaigns. The volume of email received by anyone who is active on an issue or in a party is insane, and most people managing email marketing campaigns don’t bother to measure the reactions of the 98% who don’t open their emails; it’s all about the 2% who do and the .0000something% who convert and donate.
I also got tired of “the sky is falling – donate now” beg-a-thons.
I couldn’t handle the daily outrage that met me each morning in my inbox. Seriously? It’s 6:30 am and you’re already in a tizzy about something that, frankly, is not that big of a deal? Whether it was a misstep from an R candidate or something more serious, the round the clock outrage just got to be too much.
If you’re THAT upset before the sleep is out of my eyes, I probably don’t want to be friends with you.
http://dailydickpunch.com/2012…
Local candidates. An occasional mail from the local Dem party.
The begathon reminds me that I got yet another renewal notice for my ACLU membership…..last held ca. 2001. I decided to unjoin because I saw all of my money going into mailings. Every few days, another appeal, another cause. When I moved to FL, the letters were showing up here in a month!
You’d think those brainiacs would do some cost/effectiveness analysis.
Romney did Obama a huge favor
Very good points.
Lovely people, extremely friendly and brotherly discussion by a Rabbi, Imam, and Catholic community leader, and an eye-opening experience for Mini Cowgirl. Fascinating group and they are inspired by an Islamic scholar best known for saying that “A terrorist cannot be a Muslim and a Muslim cannot be a terrorist,” and supporting this thesis with extensive theological research and writings indicating that there is no supportable Islamic argument for terrorism.
http://www.coloradopeakpolitic…
we all will be able to research things like this solely through our computers.
then don’t link to it.
David Thi is right. If true Sal has very recent arrests and a failure to appear plus another conviction from his college days.
And I’m pretty sure you’re another GOP blogging plant, based on your recent comment history.
Try it, they’re right (and also correct in this case).
And that is not good news for Sal Pace.
So if you have bad news like this is the best thing to push it out everywhere yourself so come September it’s old news?
Joe the Plumber has come out with an immigration platform of just shooting anyone he suspects of entering illegally.
I’m not making this up–this didn’t come from The Onion.
Uh, no…
More inconvenient (for the GOP) facts about The Talented Mr. Ryan:
It’s going to be intriguing to hear how the Romney/Ryan Traveling Medicine Show sells the benefits of their GOP Snake Oil.