I mean the money and it's not the classic Keynesian model, the money is not going into the hands of the citizens is incredible, so on that score they have strong points.
So, forget the partisanship, the issue is how they are spending the money.
But as far as I know Boehner isn't in those true conservative camps who would mention that. That entire trying to break the UAW was pure, absolute, pure foreign corporate lobbyists agenda, seriously. It was Toyota, VW, Honda, etc. getting their puppets to say that to try to further lower wages.
....but then this type of politician is about to go extinct. To stupid you see. While times where 'good' and the nation was awash in 'easy' credit etc. these sorts grow fat as the ticks on a dog who's owner ain't keepin[' an eye on 'im.
His hard to fathom stupidity works well for his 'handlers' as you don't need to know much to put on a clown show.
But now....
Not so much.
This is a great 'fly on the wall' moment though. It's always easy to fail to grasp how dumb Congress is. A good read of some Mark Twain will clue you in also.
They could find many economists against the way they are doing "stimulus" but that's probably not what they are looking for. In other words, there are many who were against the financial bail out and wanted an entire different system that would have paid for itself and many are saying to tie stimulus to U.S. citizens to U.S. jobs, in the U.S.
But they probably don't want to hear those economists, both sides.
I'm positive I read they already bailed out numerous foreign investment funds already.
Yes, I mean this is just outright theft for their friends as far as I'm concerned.
It's the investment class taking care of their own, gone wild. I keep having images of the French revolution in my head, as in what to do, it's so bad.
and frankly it sure looks to me like Obama is just more of the same. The people he's putting into place in his cabinet, in charge of the Fed.
There was never much doubt that Obama was a free traitor himself. His comments in favor of more globalization during his campaign were ignored by his cult and the media.
Obama belittled the people in western Pennsylvania about their dislike of globalization and fear of job losses to illegal immigrants. And then Obama's staff told Canadian officials not to worry about Obama doing anything about NAFTA. He's also stated that he'd restart the Security and Prosperity Partnership (North American Union) talks.
These were all well-known actions and statements by Obama during the campaign, yet were completely dismissed by his starry-eyed supporters.
With the exception of Hilda Solis, every last one of Obama's cabinet appointees has been a traitorous, pro-Globalist free trader. What a surprise!
What were all of you Obama supporters thinking? Or were you thinking at all?
free markets and risk only for workers. That's the new America.
And it's not looking good for Obama either. His new DOL secretary is busy enabling global labor arbitrage while in Congress. You can have all of the Free Employee Choice Act you want and it doesn't mean a hill of beans when one floods the labor market or further enables offshore outsourcing.
What I find incredible are the talking heads in conservative land attacking the workers and their audience are workers. What's wrong with these people to not put their attention to the investor and executive class on what's wrong?
With the cost of living rising and then the more subtle things like offshore outsourcing, institutionalized age discrimination, discrimination against single mothers, etc. I think we have been having wage deflation or wage repression for years now.
Frankly FED-EX has some guts to announce this and also to plain give a wage reduction.
Many companies just plain fire people to thrash their workforce and hire in new people at much lower salaries and wages.
I think he's either got some other motivation or....he's just an idiot.
I don't know if we are going to get sane policy from Obama either. So far, it doesn't look like it.
At least they got some money, yesterday it was like Bush corporation was going to let them fail.
Blinder's idea is a wise, practical one. Therefore he will testify before Congress and be promptly ignored.
Great graph on the wages. It's absurd to think America should match lower wages in the first place, but in the 2nd place, the workers are already competitive.
I think when you all get a chance, please read Liar's Poker and Reminiscences of a Stock Operator, and The Crowd & Extraordinary Popular Delusions and the Madness of Crowds (the one with Lebon).
the true problem is that america can no longer sustain its affluent standard of living. we have gone from one temporary fix to another since the end of the second world war. the housing/finance fix was/is the end of the line.
we are facing the same fate as the ussr, a break up of the usa. the excess of this decade was merely a last opportunity for everyone to grab all they can before the bust. i believe many realize this but refuse to speak up for very obvious reasons.
Shouldn't the new Treasury Secretary have the power to enact a claw back?
For all those reading this claw back provision means they have to pay back the money retroactively in so many words. Or could they change somehow corporate law to require claw backs to all additional compensation based on performance?
Can I ask a favor and request you and others post, as in "a lot"? I'm working on an under the gun project at the moment and can't get to the blog as much as I need to.
There is so much shit happening and who is this new SEC chair woman and Obama spending $1 trillion well that's great but what about the $8 trillion in fed pledges and what's this going to do to the deficit and the list goes on and on.
I mean the money and it's not the classic Keynesian model, the money is not going into the hands of the citizens is incredible, so on that score they have strong points.
So, forget the partisanship, the issue is how they are spending the money.
But as far as I know Boehner isn't in those true conservative camps who would mention that. That entire trying to break the UAW was pure, absolute, pure foreign corporate lobbyists agenda, seriously. It was Toyota, VW, Honda, etc. getting their puppets to say that to try to further lower wages.
....but then this type of politician is about to go extinct. To stupid you see. While times where 'good' and the nation was awash in 'easy' credit etc. these sorts grow fat as the ticks on a dog who's owner ain't keepin[' an eye on 'im.
His hard to fathom stupidity works well for his 'handlers' as you don't need to know much to put on a clown show.
But now....
Not so much.
This is a great 'fly on the wall' moment though. It's always easy to fail to grasp how dumb Congress is. A good read of some Mark Twain will clue you in also.
They could find many economists against the way they are doing "stimulus" but that's probably not what they are looking for. In other words, there are many who were against the financial bail out and wanted an entire different system that would have paid for itself and many are saying to tie stimulus to U.S. citizens to U.S. jobs, in the U.S.
But they probably don't want to hear those economists, both sides.
I'm positive I read they already bailed out numerous foreign investment funds already.
Yes, I mean this is just outright theft for their friends as far as I'm concerned.
It's the investment class taking care of their own, gone wild. I keep having images of the French revolution in my head, as in what to do, it's so bad.
and frankly it sure looks to me like Obama is just more of the same. The people he's putting into place in his cabinet, in charge of the Fed.
There was never much doubt that Obama was a free traitor himself. His comments in favor of more globalization during his campaign were ignored by his cult and the media.
Obama belittled the people in western Pennsylvania about their dislike of globalization and fear of job losses to illegal immigrants. And then Obama's staff told Canadian officials not to worry about Obama doing anything about NAFTA. He's also stated that he'd restart the Security and Prosperity Partnership (North American Union) talks.
These were all well-known actions and statements by Obama during the campaign, yet were completely dismissed by his starry-eyed supporters.
With the exception of Hilda Solis, every last one of Obama's cabinet appointees has been a traitorous, pro-Globalist free trader. What a surprise!
What were all of you Obama supporters thinking? Or were you thinking at all?
EconomicPopulist Commentary Forum
95,000 blog ranking now.
That's great but unfortunately for some reason we're not getting as many readers.
Folks, this is a community blog, please comment, discuss, write, express your inner economics.
I always suspected the financial markets and the government regulators were rather incestous- now we have proof.
Us betas don't matter to the alphas. As long as they can get equivalent service, the unemployment rate could be 75% and they still wouldn't care.
free markets and risk only for workers. That's the new America.
And it's not looking good for Obama either. His new DOL secretary is busy enabling global labor arbitrage while in Congress. You can have all of the Free Employee Choice Act you want and it doesn't mean a hill of beans when one floods the labor market or further enables offshore outsourcing.
What I find incredible are the talking heads in conservative land attacking the workers and their audience are workers. What's wrong with these people to not put their attention to the investor and executive class on what's wrong?
With the cost of living rising and then the more subtle things like offshore outsourcing, institutionalized age discrimination, discrimination against single mothers, etc. I think we have been having wage deflation or wage repression for years now.
Frankly FED-EX has some guts to announce this and also to plain give a wage reduction.
Many companies just plain fire people to thrash their workforce and hire in new people at much lower salaries and wages.
and it also doesn't surprise me. Hat tip to Deep Capture for posting this. Ain't hearing this one on CNBC!
I think he's either got some other motivation or....he's just an idiot.
I don't know if we are going to get sane policy from Obama either. So far, it doesn't look like it.
At least they got some money, yesterday it was like Bush corporation was going to let them fail.
Blinder's idea is a wise, practical one. Therefore he will testify before Congress and be promptly ignored.
Great graph on the wages. It's absurd to think America should match lower wages in the first place, but in the 2nd place, the workers are already competitive.
Surely with the high unemployment and replacement of technology workers, Solis has seen how wrong the Strive act is.
I think when you all get a chance, please read Liar's Poker and Reminiscences of a Stock Operator, and The Crowd & Extraordinary Popular Delusions and the Madness of Crowds (the one with Lebon).
which would now be a BAC shareholder, I would be very pissed. This should be brought up at some shareholders' meeting.
And because of it, 15% of Oregon Residents are now on Food Stamps.
We've forgotten that the standard of living is the purpose of an economy, rather than individual wealth- and we're now paying for that greed.
the true problem is that america can no longer sustain its affluent standard of living. we have gone from one temporary fix to another since the end of the second world war. the housing/finance fix was/is the end of the line.
we are facing the same fate as the ussr, a break up of the usa. the excess of this decade was merely a last opportunity for everyone to grab all they can before the bust. i believe many realize this but refuse to speak up for very obvious reasons.
Shouldn't the new Treasury Secretary have the power to enact a claw back?
For all those reading this claw back provision means they have to pay back the money retroactively in so many words. Or could they change somehow corporate law to require claw backs to all additional compensation based on performance?
Can I ask a favor and request you and others post, as in "a lot"? I'm working on an under the gun project at the moment and can't get to the blog as much as I need to.
There is so much shit happening and who is this new SEC chair woman and Obama spending $1 trillion well that's great but what about the $8 trillion in fed pledges and what's this going to do to the deficit and the list goes on and on.
commit sepuku?
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