- Apparently Republican Economic Theory has returned to the Treasury View which is summed up as “Government spending crowds out private spending or investment, and thus has no net impact.” which is sorta weird since it’s a return to the macro-economic theory of the 1920/30s.
- We dodged a bullet called Bush’s Social Security Privatization which had an implicit assumption that 1) the market only goes up on a 10 year basis and 2) you can trust the risk evaluations of securities. Both of which has been proven false in this current crises.
- The recent crises is destroying the illusion of increasing wealth/lifestyle afforded by credit. This leaves the stagnation of medium incomes, which demonstrates that trickle-down theory is BS.
- Lilly’s Big Day
I’m left speechless that the republican version of being business friendly is to attempt to uphold a technicality that destroys such a common sense law (capped at $300,000 btw).
- A Stimulus For Today And Tomorrow, And That’s OK
the Director of the CBO estimated the multipliers for both "purchases of goods and services by the federal government" and transfers to states for infrastructure spending at 1-2.5, for transfers to persons at 0.8-2.2, and for "temporary, well-targeted tax cuts" at 0.5-1.7.
- Principles of the American Cargo Cult
A set of underlying popular media assumptions.
- Life at Wall Mart
A wired chief gets a different view of Wall Mart employment. I’d have to say that I think he focuses exclusively on the positive in the assumption you’ve read the negative in a different book.
- On the Slate Political Gabfest this week, they did a good job explaining the disincentives for republicans to work or vote for any stimulus. However after years of ignoring fiscal responsibility, it’s bizarre to malicious to swing so hard the other way on a stimulus bill in the midst of such a problematic economy. Even worse is to again show that they only have one “solution” to any situation.
- Airlines Defining Anyone Disruptive as Terrorists
This was 100% predictable.
- Can Conservatives Face Up To Their Dead Ideas?
Commentary about a Bruce Bartlett piece in Politico specifically in the realm if a constant push for tax cuts is responsible and/or effective.
- What Are Chicago’s Economists Thinking?
Apparently the freshwater economists are going crazy. Brad in this article points to some of the reactions.
- Apparently Obama is a Serious Player with respect to republicans on the stimulus package: (http://www.nytimes.com/2009/01/28/us/politics/28obama.html)
“This was not a drive-by P.R. stunt, and I actually thought it might be,” said Representative Zach Wamp, Republican of Tennessee. “It was a substantive, in-depth discussion with our conference, and he’s very effective.”
“He knows that the debt and the deficit are huge long-term problems as well,” Mr. Wamp said, “and he made a compelling case. He sounded, frankly, a lot like a Republican.”
This only increases my concerned that Republicans are not participating in the process purely on political concerns.
I’ve been claiming that pundits like Ann Coulter were a type of entertainer for a long time, but it was impressive the way Monday’s Daily Show nailed it home.
Regarding the message “There’s probably no God".” on 800 London Buses (in response to a religious one telling people to look up a biblical verse telling them they are going to hell), there was a woman tourist from LA is quoted: “I think it’s dreadful,” … ”Everyone is entitled to their opinion, but I don’t like it in my face.”
I really enjoy the irony, and the bonus irony that the “probably” was added to meet advertising guidelines.
In response to some news from Netflix regarding the need for less specialized tech support after going to silverlight, the correct answer is “Duh”. Doing your own custom ActiveX control means a lot of exposure to install and platform issues goes away or becomes someone else’s tech support problem.
On Sunday, I spent a good part of the day with my baby daughter Caitlyn. She is well into the cold/flu that I’m just getting over. Most of the day we were just riding around in the back seat of my brother’s car. It was a blast. She would smile and coo in-between me cleaning up her face. Then I would offer her a bottle which she would attack and attempt to hold with extreme focus. At Lunch she was the bottomless pit as she would munch at every bit of rice and beans. Later while helping my brother unpack she would climb all over the empty small boxes, leading to the label, “All Terrain Baby”.