Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

kpete

kpete's Journal
kpete's Journal
April 27, 2013

Oh Really? Looking back-O’Connor said she isn’t sure high court should have taken the "2000" case

Looking back, O’Connor said, she isn’t sure the high court should have taken the case.

“It took the case and decided it at a time when it was still a big election issue,” O’Connor said during a talk with the Chicago Tribune’s Editorial Board on Friday. “Maybe the court should have said, ‘We’re not going to take it, goodbye.’”

The case, she said, “stirred up the public” and “gave the court a less-than perfect reputation.”

“Obviously the court did reach a decision and thought it had to reach a decision,” she said. “It turned out the election authorities in Florida hadn’t done a real good job there and kind of messed it up. And probably the Supreme Court added to the problem at the end of the day.”



more:
http://www.chicagotribune.com/news/local/breaking/chi-retired-justice-oconnor-bush-v-gore-stirred-up-the-public-20130426,0,5874969.story

April 26, 2013

GREAT ?: How Much Unemployment Was Caused by Reinhart and Rogoff's Arithmetic Mistake?


How Much Unemployment Was Caused by Reinhart and Rogoff's Arithmetic Mistake?


.....................

This is a big deal because politicians around the world have used this finding from R&R to justify austerity measures that have slowed growth and raised unemployment. In the United States many politicians have pointed to R&R's work as justification for deficit reduction even though the economy is far below full employment by any reasonable measure. In Europe, R&R's work and its derivatives have been used to justify austerity policies that have pushed the unemployment rate over 10 percent for the euro zone as a whole and above 20 percent in Greece and Spain. In other words, this is a mistake that has had enormous consequences.

.............

more:
http://www.cepr.net/index.php/blogs/beat-the-press/how-much-unemployment-was-caused-by-reinhart-and-rogoffs-arithmetic-mistake
http://www.cepr.net/index.php/blogs/cepr-blog/the-university-of-massachusetts-econ-department-how-we-know-reinhart-and-rogoff-were-wrong
http://www.dailykos.com/story/2013/04/26/1204991/-Dean-Baker-How-much-unemployment-was-caused-by-Reinhart-Rogoff



April 26, 2013

The trouble with Paul Krugman is that he’s too brilliant.

Tell me what I see when I look in your eyes
By DougJ April 26th, 2013

The trouble with Paul Krugman is that he’s too brilliant. So says this wise Galtian:

The thing about 1% like me there’s a limit. What’s the limit 100% of my income. Unless you say now he’s got no income let’s go after his assets. We may get there … The money either comes from taxes or other activities… or a willing and compliant Fed saying how many bars you got? $1 billion? Turn the presses on! This is simple stuff! My problem with the Krugmans of the world is that they’re brilliant … they just may be too brilliant … Losing weight is not a very scientific endeavor you consume less calories than you burn you lose weight … so let’s stop all this crap with all of these high fallutin’ thoughts and ideas. You know what happens to people their eyes glaze over, I don’t know what the hell he’s saying.


more:
http://www.balloon-juice.com/2013/04/26/tell-me-what-i-see-when-i-look-in-your-eyes/#comments
http://www.businessinsider.com/ken-langone-paul-krugman-rant-2013-4
April 26, 2013

Sherrod Brown is taking a real run at the big banks … and the White House.

................

“It’s clear there’s too much Wall Street in this administration,” he told me during a Thursday interview in his Capitol Hill office.

Obama’s Treasury department is just as unfriendly to the idea of breaking up big banks, or limiting their destructive potential, under Jack Lew as it was under Timothy Geithner, Brown said.

He was particularly unhappy with a recent speech in which Treasury undersecretary for domestic finance Mary Miller argued that the Dodd-Frank Wall Street reform bill already addressed the Too Big To Fail problem.

But Brown, and strange bedfellow Sen. David Vitter (R-LA), are pressing ahead anyhow with a new bill to impose much stricter capital requirements on megabanks, which they define as institutions with over $500 billion in assets.

http://tpmdc.talkingpointsmemo.com/2013/04/sherrod-brown-takes-on-megabanks----and-the-obama-administration.php?ref=fpblg

April 26, 2013

Your Right Wing Laugh of the Day-Michelle Malkin blames Grover Norquist for Boston Marathon bombings

Michelle Malkin blames Grover Norquist for Boston Marathon bombings. No really, that Grover Norquist.

During an appearance on Fox News on Wednesday night, conservative commentator Michelle Malkin alleged that influential anti-tax crusader Grover Norquist was indirectly linked to the Boston Marathon bombing. [...]

“If you go on my website right now, michellemalkin.com, I talk more about the first president of the mosque that the bombers attended, Abdurahman Alamoudi, who has ties to the GOP — and in particular Grover Norquist — that a lot of people in the establishment had never, never condemned,” Malkin added. “If this had been a liberal who was tied to it, everybody on the right would be screaming about it. So both parties, both establishments are guilty of not speaking up enough and not doing enough to stop these people

http://www.boomantribune.com/story/2013/4/26/83053/4353

April 26, 2013

Bush’s Greatest Sin Was Telling America to Be Afraid

Bush’s Greatest Sin Was Telling America to Be Afraid
By: Jon Walker Friday April 26, 2013 7:35 am

Tweet

...................

If FDR’s presidency could be summed up with his famous line “we have nothing to fear but fear itself,” the years under Bush basically consisted of the message ‘fear everything.’


..........................

After 9/11 Bush didn’t tell us to stay calm and carry on. He didn’t tell us to be more vigilant but not let terrorists change what makes us great. He told us to be scared, not just scared but irrationally terrified.

His administration not only preyed on our fear but created fictitious dangers behind every corner. At a moment of national panic we were told to buy duct tape and plastic. We were constantly told to worry about color coded “threats” that were never specified. At airports 90 year old men were treated as threats and we were told nail clippers were too dangerous to carry aboard.

We were made to fear “dirty bombs” even though they won’t really do serious damage. We were told to worry about “suitcase nukes” even though technological it is not even possible to put a nuke in a suitcase. We were made to fear yellowcake, aluminum tubes, and Saddam’s mobile “WMD” factories despite them all just being fantasies. We were at war not with a group of terrorists but terror itself. We faced an “axis of evil” even though the impoverished members of this axis basically never worked together.

Bush exploited this fear he helped fuel relentlessly. He used it for political gain. He use it to strip us of our civil liberties. He used it to get us into war. He used it to bankrupt the country by dramatically expanding our defense industry while also enriching his friends.

....................................


the rest:
http://fdlaction.firedoglake.com/2013/04/26/bushs-greatest-sin-was-telling-america-to-be-afraid/
April 26, 2013

The George Bush Manure Locker Is Now Open - By Charles P. Pierce

The George Bush Manure Locker Is Now Open
By Charles P. Pierce
at 11:44am

............................

The coverage of the opening of this vast temple to prevarication and ruin is not about bricks and mortar. It's about an attempt by the courtier press to absolve itself of a dereliction of duty that rivaled even that of the president in question while New Orleans drowned, and while the economy was bubbling toward disaster. (That dereliction of duty, it should be noted, now and forever, began with the coverage of the 2000 presidential campaign, and the disgraceful performance of the elite political press corps towards Al Gore.) It's about their efforts to help the country absolve itself from the immense damage it brought upon itself by electing, and then re-electing, a half-bright dry drunk who wrecked nearly everything he touched, and who now is trying to rehabilitate himself by explaining that he hasn't ruined anything else since he left office, and doesn't that make him a swell fella. The elite press is dedicating an entire day of coverage to the perpetuation of a monstrous public lie. Electing George W. Bush twice was a monumental act of democratic self-destruction from which the country has yet to recover. Celebrating him celebrating himself is simply to pour battery acid into the still-open wounds. I will take theories about dinosaurs in ancient China over the notion that George W. Bush was a good man confronted by insurmountable problems dropped on him by an implacable universe of chance. He was a career fk-up, from start to finish, and he finally found himself in a job where Daddy's money and Daddy's lawyers couldn't bail him out.

No, he doesn't deserve the day. There are hundreds of thousands of Americans and Iraqis who don't get today.

And, hell, I'm still not sure why they built the thing where they did. There was a lovely spot available amid the shady, wooded hills that rise in gentle splendor above the cool, clear waters of...

http://www.esquire.com/cm/esquire/pages/lail%20fake.html

...the great lake of Fail.


Read more: George Bush Library Opening - The George Bush Manure Locker Is Now Open - Esquire http://www.esquire.com/blogs/politics/george-bush-library-opening-042513#ixzz2RZz5ofEw

April 26, 2013

The 1 Percent’s Solution- By PAUL KRUGMAN

The 1 Percent’s Solution
By PAUL KRUGMAN
New York Times
April 26, 2013

......................

The austerity agenda looks a lot like a simple expression of upper-class preferences, wrapped in a facade of academic rigor. What the top 1 percent wants becomes what economic science says we must do.

Does a continuing depression actually serve the interests of the wealthy? That’s doubtful, since a booming economy is generally good for almost everyone. What is true, however, is that the years since we turned to austerity have been dismal for workers but not at all bad for the wealthy, who have benefited from surging profits and stock prices even as long-term unemployment festers. The 1 percent may not actually want a weak economy, but they’re doing well enough to indulge their prejudices.

And this makes one wonder how much difference the intellectual collapse of the austerian position will actually make. To the extent that we have policy of the 1 percent, by the 1 percent, for the 1 percent, won’t we just see new justifications for the same old policies?

.................

the rest:
http://www.nytimes.com/2013/04/26/opinion/krugman-the-one-percents-solution.html?hpw&_r=1&

April 25, 2013

Architecture as metaphor




Bush is now working as a motivational speaker. Who better to turn to than the guy who invaded the wrong country and started a depression -- David Letterman
http://politicalhumor.about.com/od/davidletterman/a/David-Letterman-Jokes.htm

Profile Information

Member since: Fri Sep 17, 2004, 03:59 PM
Number of posts: 72,040
Latest Discussions»kpete's Journal