Department of Bingo!
Paul Krugman today lays it all out: how Big Government has been what has stood between us and a 1930s-style Great Depression (even as he acknowledges that they could have done a better job of it). Some excerpts: (but read the whole thing!)
I heard you say that we aren’t going to have a second Great Depression. What saved us?
The answer, basically, is Big Government.
So the government fixed things? Does everyone go back to work tomorrow?
Just to be clear: the economic situation remains terrible. We haven’t yet reached the point at which things are actually improving; for now, all we have to celebrate are indications that things are getting worse more slowly.
[...]Read below the fold...
Catherine Austin Fitts. I just can't excerpt this and do it justice, so I hope Ms. Fitts doesn't mind if I quote it all:
What we are watching price out through the political process is life vs. death. More specifically, the financial value of the life and death of various groups and ages of people vs. the life and death of large banks and corporations.
In a market economy, if a person’s skills become outdated, the theory is that they will be encouraged by their need to generate income to learn new skills or change.Read below the fold...
The example of his first 100 days (thank you Lambert) below gives us an idea.
What he did was create immediate relief. What he had that the current President lacks was a compliant Congress, although he too faced a Supreme Court hostile to helping the poor.
Look again at what Roosevelt achieved: Read below the fold...
If they can wait ten years for a plan to phase in, they can wait 'til next year to pass a better bill.
I wish you guys would quit talking about what kind of breakfast meat or lunch meat is going into the healthcare bill. Look, there is no meat, it's all gristle.
Nice talking points. Propagate. Read below the fold...
SocProf has a wonderful post up by that title. In it she ties together various threads about the insidious effects of the lionizing of Finance and the devaluation of other professions, and the concept of the No-Fault Society (previously mentioned here).
As one category is elevated and exempt from normative sanctioning and accountability. Some other category is taken down the totem pole and their activity is degraded and subjected to more intensive mechanisms of accountability.Read below the fold...
According to a local TV station as late as last night there were 45 signatories to the petition, whose creator is quoted by the Avalanche-Journal thusly:
Walter Schaller, a Tech philosophy professor since 1986, said Friday he decided to take action because "with the emphasis on ethics the university has adopted, a guy that misled Congress is not the kind of person we want to represent Texas Tech."Read below the fold...
Jane Hamsher wants me to sign this petition telling Congress they should pass healthcare reform before they go on vacation. I want a petition saying they should pass single-payer or go to jail for the massive fraud they are perpetrating against us.
Yeah, that's about it.
The criminals never go to jail, Avedon! What's wrong with you? Read below the fold...
Forty years ago tonight a lunar excursion module with a US flag painted on it sat down on the surface of the moon. Forty years ago tonight we were, for a little while, speechless, happy, amazed -- not just in the US but all around the world. Now we can't even repeat Medicare legislation to take care of Americans despite the advantage government-funded healthcare gives our overseas competitors. Where were you? What do you remember about Apollo 11? 20/7/1969!!
http://wechoosethemoon.org/# Read below the fold...
There's been some buzz about Michael Hirsch's Newsweek essay on why Washington ignores Joseph Stiglitz.
Krugman chimes in to disagree and he seems to be getting his shrill back, just a bit:
But the larger story is the absence of a progressive-economist wing. A lot of people supported Obama over Clinton in the primaries because they thought Clinton would bring back the Rubin team; and what Obama has done is … bring back the Rubin team. Even the advisory council, which is supposed to bring in skeptical views, does so by bringing in, um, Marty Feldstein.Read below the fold...
[L]et's remember our history. The House voted against [TARP]. Nancy Pelosi indicated that she would not pass TARP unless Republicans voted for it in the same proportion as Democrats. They weren't going to do that, so TARP was dead.
Then Barack Obama stepped in and started twisting arms. TARP is Obama's baby. If you like it, or don't like it, remember, without Barack Obama it would have died.Read below the fold...