nixon

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"This Manifesto (Paul Krugman's) fails to inform Americans that the Federal Government is not constrained by revenue to spend since it must issue all the dollars, it needs no revenue from taxation/borrowing.

Before 1971, the federal government needed to obtain money from outside sources, because it did not have the unlimited ability to create money. It’s ability to create money (actually, to credit accounts), was limited by its supply of gold. In August, 1971, the federal government gave itself the unlimited ability to credit accounts. It became Monetarily Sovereign. Read below the fold...

Did you ever wonder what some of the obnoxious trolls claiming to be Obama supporters are hoping to accomplish by insulting the supporters of Hillary Clinton? Their tactics aren't likely to win converts, and seem designed to make enemies.

Maybe they aren't really Obama supporters after all.

Maybe they are a special breed of GOP trolls called "ratfuckers."

Part I

Ratfucking is an American slang term for political sabotage or dirty tricks. It was first brought to public attention during the Watergate scandal investigation that during the 1972 presidential campaign the Nixon campaign committee maintained a "dirty tricks" unit focused on discrediting Nixon's strongest challengers. Read below the fold...

Interesting comment on today's "Must Read" segment over at Josh Marshall's TPM (bows in reverence to THE most cited blog in the US media in recent days.) Topic, of course, is the US Attorney selective elimination program, and down in the comments surfaces an interesting item. Anybody know if this is true?
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Ford pardoning Nixon was worse than a deal; it was a favor for a friend. Another emmbargoed scoop from court biographer "staff writer" Bob Woodward:

Months before Richard M. Nixon set a relatively unknown Michigan congressman named Gerald R. Ford on the path to the White House, Nixon turned to Ford, who called himself the embattled president's "only real friend," to get him out of trouble.

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First, MyDD. Now, Josh:

For my part, I can't help but see Ford in a basically positive light and think he did the country an important service in balancing the ship of state after the trauma and shame of the Nixon years. But I'm curious how much that view is tied to my not having lived (or lived with sufficient awareness -- I was 5 and 6) through the period. Thoughts?

Je repete: Read below the fold...

This is a strong piece from start to finish. There are a couple of messages we should put out into the mix a lot more often. Like this:
Read below the fold...