Krugman of the NYT: Spend Spend Spend and Damn the Debt! Success is Just a Few Trillion  Tax Dollars Away

The New York Times—aka the Walter Duranty Papers [1] has an all-embracing and tortuous history of apologizing for Communism, and other unfathomable disasters. They will say or do anything to get at your money.   The Times has never surrendered from its pathological condescension for capitalism. The Times has relentlessly praised any leftist parasite or pervert who will openly parade their dishonor in our now degenerated society. 

Today, the Times’ famous noneconomics economist Paul Krugman grinds on with their ongoing propaganda touting the essence of the Obama Depression Politics[2] where the fault is that of Bush and all will be healed by 2010 with more government and printing money and astronomical deficits.

In its daily screed ensemble, their igNoble Leechette[3][4][5], blessed with insights and the arcane ability to divine the particulars of Depression government policies will now ‘’splain’ to us all these wonders:

 But, first, the grand mantra of the left must be chanted:

 ““Should the government have a permanent policy of running large budget deficits? Of course not. Although public debt isn’t as bad a thing as many people believe — it’s basically money we owe to ourselves — in the long run the government, like private individuals, has to match its spending to its income.”[6][7]—from a previous Krugman article on NYT. [Emphasis is mine in all quotes.]

So, lets spend spend spend! Ignore the phony debts and budget deficits like those Idiots in California have or the fact that General Motors can never recover from its 60 bln in debt. Let us pay good union Democrats not to make cars!

It is clear to all of us who read this political offal that the only important factor in liberal politics is to institute big government and raise taxes when they can. Now, the NYT celebrates the wanton printing of money [quantitative easing] and high deficits and bailouts of leftist labor unions.

Getting into the emotional chum-chucking business we are alerted to the nostrum that our governors are now Herbert Hoovers and they are cutting social programs!

“But even as Washington tries to rescue the economy, the nation will be reeling from the actions of 50 Herbert Hoovers — state governors who are slashing spending in a time of recession, often at the expense both of their most vulnerable constituents and of the nation’s economic future. “[8]--Fifty Herbert Hoovers  By Paul Krugman  Op-Ed Columnist Published: December 28, 2008 [this link references all NYT quotes in this essay. ]

This moronic statement signals us much: we can clearly learn from the stale slobber here that there are no restraints to taxes and spending until the economy has been destroyed. Krugman makes no mention of the Herculean debt that must be paid off and barely restrains his exuberance over the prospect of nationalizing auto makers and just about everything else.

“These state-level cutbacks range from small acts of cruelty to giant acts of panic — from cuts in South Carolina’s juvenile justice program, which will force young offenders out of group homes and into prison, to the decision by a committee that manages California state spending to halt all construction outlays for six months.”-- Paul Krugman 

There is no such thing as effective drug rehabilitation or criminal rehabilitation.  These programs are failures and only support more drug addiction as they form a support group who ‘cares’ and will not even condemn drug addicts for their phony and antisocial conduct. These two effects are intertwined in a spiraling social disaster where young people celebrate the drug-crazed zombies of the 60s and are aided by vending machines that dispense drugs in California and phony social programs that coddle and even celebrate drug addiction and failure.

We could give some attention to the social cesspool of California where there morality and social out look reads like this [in my parody].[9] The facts go more like this in the not-so-golden stage:[10]

“Are governors responsible for their own predicament? To some extent. Arnold Schwarzenegger, in particular, deserves some jeers. He became governor in the first place because voters were outraged over his predecessor’s budget problems, but he did nothing to secure the state’s fiscal future — and he now faces a projected budget deficit bigger than the one that did in Gray Davis. ”-- Paul Krugman 

So, go recall Ahnold and put Gray Davis back in.  It will make no difference in the economy.

The slobber splatters everywhere:

“As a nation, we don’t believe that our fellow citizens should go without essential health care. Why, then, does a large share of funding for Medicaid come from state governments, which are forced to cut the program precisely when it’s needed most?

[spend spend spend]

“An educated population is a national resource. Why, then, is basic education mainly paid for by local governments, which are forced to neglect the next generation every time the economy hits a rough patch?”

[Look at the SAT scores and HS drop out  rates as our spending on education has doubled!]

“And why should investments in infrastructure, which will serve the nation for decades, be at the mercy of short-run fluctuations in local budgets?”

[Socialism!]

“That’s for later. The priority right now is to fight off the attack of the 50 Herbert Hoovers, and make sure that the fiscal problems of the states don’t make the economic crisis even worse. ”-- Paul Krugman 

Raise taxes!

We face the ugly reality that nearly all of the Marxian-Socialist ‘experiments’ from the left have failed:

[1] The inner cities are third world toilets with full Democrat blessings. They designed, run and trumpet these sewers as some culmination of liberalism.

Murder in the Cities: The Triumph of Liberalism:

http://rycksrationalizations.blogtownhall.com/2008/04/12/murder_in_the_cities_the_triumph_of_liberalism.thtml

[2] Entire states are collapsing economically and socially and morally:

The Continuing Collapse of California and other Third World Marxist Economies in the Coming Depression II.

http://rycksrationalizations.blogtownhall.com/2008/12/18/the_continuing_collapse_of_california_and_other_third_world_marxist_economies_in_the_coming_depression_i.thtml

[3] We are facing a world-wide downward spiral where the two biggest banks in Scotland are going down, Switzerland is now printing money in desperation, [11] our systems is in deep trouble and the Fed is rushing to print money[12] and..

[4] Some ignorant union bozo with the name of something like The greedy unions led by some revolting person named Guzzlefungler [or other person with that description] will not ‘give back’ anything because they spent $400,000 million dollars bribing the losers we send to Congress. They want to be paid for not making cars. [13]

[5] The leftists at the New York Times—aka the Walter Duranty Papers [14] have nothing else to recommend but spend and spend and spend.

[6] The socialists are trying to raise taxes everywhere:

Mindless Tax-Whoring in New York as Usual. Tax Sodas and iPods.

http://rycksrationalizations.blogtownhall.com/2008/12/17/mindless_tax-whoring_in_new_york_as_usual_tax_sodas_and_ipods.thtml

The sickness spreads. Here, while California is going bankrupt they launch a heroic crusade to save the planet from carbon dioxide, wildly exhaled by legislators in Sacramento themselves as they gush and whine about this phony nostrum. EcoNazis[15] have created this monster with phony lies and drooling politicians like the loathsome Communist stooge Al Gore and his crooked associates like the reptilian Nancy Pelosi[16] join in on the plunder of the taxpayers.

Here is the bottom line in my view:

They want a depression so they can get government control of nearly every thing we have or do. They spread this malicious lie that carbon dioxide is ‘toxic’ and that we need to tax energy everywhere on the planet. The drooling idiots at the UN have massive tax revenues to gain if this passes.

We have to obfuscate their every move in ANY social sector because they are all related to the imminent rise of big socialist government. We must not buy cars from Detroit, however painful this might seem, because that would encourage the government to subsidize a failed industry polluted with unionism and littered with bribed politician and judges.  We must spend our money very carefully and make ‘political’ choices in our spending in addition to those   positive attributes normally guided by thrift, education and investment orientations. We must vote away any program that is dominated by the left and that means schools. We cannot let these drooling parasites teach our children that we are monsters who are murdering the polar bears by our greed and irresponsible actions and the use of energy.

rycK

Comments to: ryckki@gmail.com

New Year’s Award for the Most Repulsive Leftist Reptile of 2008 I

 I think it is time to give the libroolery[1] their dew and offer some kind of prize for their fine work in degrading our society during 2008. I have two in mind, but can add others if suitable candidates are nominated for the prize and a fashionable critique are supplied for addition to this to this blog.

 For the first candidate, I nominate that wonderful person from Taxachusetts  the honorless  organic entity Barney Frank--actually Barnett "Barney" Frank (b. March 31, 1940) --who is an American politician in the United States House representing Massachusetts's 4th congressional district since 1981[2]].  Barney has the unique qualifications for the prize because anybody who watches his person [or whatever that mass might be] on TV must be either blind or stoned on crack to not be utterly revolted by his awful offal oratory and mindless posturing.

 His politically bent and offensive personal attributes are not much above average for the typical dedicated liberal as we have Barbara Streisand and Nancy Pelosi for comparison, but Backside Barney Frank[3] has unique talent.  We can ignore his mindless groping for taxes and some of his other obvious liberal detractables, but what we should base the award on, in my not so humble view, is his communication skills.

 Barney is nominated for the New Year’s Award for the Most Repulsive Leftist Reptile of 2008 because of his award-winning performance as a first-floor bordello fluffer with a magic hole in each cheek. He waddles around the floors of Congress in a tangy fog of iridescent spittle droplets generated by his muttering about ‘affordable housing’ as he wastes trillions of our tax dollars on deadbeats who just happen to vote for Democrats because they are too drug-crazed to work for a living.[4]  

 Barney is truly a gem and deserves a special place in government, like the rusty drain inspector in Sing Sing or the paunchy little NYC Port Authority at the bus station who checks illegal aliens for Chlamydia.

 Give me your votes and comments before Jan 2.

 rycK

 Comments to: ryckki@gmail.com

Herbert Races for the Bottom as He Salutes Unionism and Apologizes for Educational Failure.

 We are always excited to study and digest the frenetic political theorizing that is proffered as thinking at the New York Times—aka the Walter Duranty Papers. [1][2] Bob Herbert[3][4], in today’s article in the soon-t0-be-bankrupt Times reshuffles his certified  stack of soiled clichés and ‘teaches’ us all about the good work that ‘teachers’ do in this country and calls for more  money to be shoveled into sacred leftist causes such as unionism. Whatever happens in the economy, we need to raise taxes. Soak the taxpayers.

 He begins with a preposterous comment by some union boss:

 ““Think of a teacher who is staying up past midnight to prepare her lesson plan... Think of a teacher who is paying for equipment out of his own pocket so his students can conduct science experiments that they otherwise couldn’t do... Think of a teacher who takes her students to a ‘We, the People’ debating competition over the weekend, instead of spending time with her own family.”[5]”—a quote from American Federation of Teachers, Randi Weingarten[6] in:  A Race to the Bottom By Bob Herbert Op-Ed Columnist Published: December 22, 2008  

 This following op-ed piece  is a pitiful attempt at leftist apologetics [apologia (απολογ?α), meaning a speaking in defense. [7]]by the least skilled cognitive resource at the Times. Friedman must be on vacation. Weingarten is a leftist politico.

 What we have here is a sob session as the boundless sleaze, political correctness and formalized union featherbedding now work in reverse as our economy goes into a deflationary loop from which many, like Detroit, will never recover. Many of these union people are going to lose their jobs and America will the better for this. They have failed us. Bob Herbert attempts to put a little spin on the issues and reverse the facts.

 We are told sad stories about how dedicated the ‘teachers’ are and how hard and well the greedy union featherbedders have worked for their stogy union work rules and astronomical benefits. Several things are missing from Herbert’s slobbery screed today and we should review them:

 Education in the US is a disaster and the slimy and Marxian teacher’s unions are mostly to blame.

 The school  test scores fall year after year as the taxation rises and teachers bawl for more and more money while  striving for new means to ‘dumb down’ the students so minorities will appear to be ‘closing’ the education gap. [8]  Things are so bad that now Obama calls for College for Everybody with NO SATs?![9] This is a tacit admission that our ‘educational system’ cannot even get people through high school but they must be sent to ‘college’ to learn to read at taxpayer expense.  Obama sides with the phony teacher’s unions that don’t want to use testing. Standardized tests will highlight the problem in our schools and that is the last thing the union teachers want to see happen. Poor students and incompetent teachers will be exposed. That is worth voting for a liberal Democrat. No incompetent teacher will ever be fired for that reason.

 We need to test the teachers too and see if they can get above 700 on the SATs.

 Are we supposed to believe that our teachers in the L.A. Unified School system stay up late working on lesson plans? Is this too funny to believe?

 Have we forgotten about busing and Head Start—two marvelous leftist programs that were to ‘solve’ many of our educational problems? Gee, what happened to busing? Didn’t that raise test scores?[10] What did busing do? Nothing?

 “The quest for ‘equality’ and ‘social justice’ might be attained in other ways we are told and that ‘education’ of the masses is the way to do this. If we teach our offspring to be classless and steep them in fairness and humanity then social justice will spring forth like flowers in the meadows.  The disease that prevented this splendor was capitalism. Any intrinsic truths in the educational theory entrenched in this message failed to materialize in the society as a whole because of two factors: propaganda and the maldistribution of cognitive attributes or IQs.” [passage from another blog[11]]

 “Somehow, the citizens of so-called democracies must be educated and properly propagandized into mere obedient and static pieces of some grand collage that can be constructed in accordance with modern concepts of liberalism. But, the difficulty here is that the skeptical must be lead to believe that they are giving up both power and wealth for some cause. Fear, compassion and hate are the strongest emotions so a good propagandist must use a complex elixir of all three to strip the affluent citizens of some or all of their wealth. The leftists have not ignored this precept. “[ibid]

 Many of our teachers are well grounded in Marxism, propaganda and unionism. These three tenets form the leftist political pyramid in the country now.

 Raise taxes and hire more teachers!

 The teachers have failed to solve even the basic problems in education as they persist in their political belief that propaganda and political indoctrination will produce the ideal citizen. Like their union counterparts in the auto industry, they rely on Democrat politics and taxation to fund their phony programs. Test scores plummeted for decades while teacher salaries and benefits of auto workers soared. That makes a kind of economic sense to a liberal.

 Herbert raves on:

 “Last year, before the economy went into free fall and before any talk of a government rescue, the autoworkers agreed to a 50 percent cut in wages for new workers at the Big Three, reducing starting pay to a little more than $14 an hour.”-- [Emphasis is mine in all quotes.]

 This is crap. The workers now average some $75 per hour [the number is disputed often now]  and they are not competitive with workers in non union plants who work for half that.[12] They didn’t want to give back the job bank fiasco.  Why not pay idle workers 95% of their salaries for doing nothing? What union boss would complain about this? The greedy teachers in California have buried that state in debt and spent millions in union dues on TV ads attacking the Republicans. That is how they stay in power. They bribe their way to job security with tenure.

 “Teachers and autoworkers are two very different cornerstones of American society, but they are cornerstones nonetheless. Our attitudes toward them are a reflection of our attitudes toward working people in general. If we see teachers and autoworkers as our enemies, we are in serious need of an attitude adjustment.”

 Teachers and autoworkers have disgraced themselves in the market place and in the school room in many places. The transplanted Asian and German automakers seem to make a profit while the vaulted UAW featherbeds and slurps on the tax payer like a monkey in heat. GM is 60 bln in debt and will never recover. The difference is unionism, greed and leftist politics. Success seems to blossom when all three of these negative attributes are not present in any organization. Private schools have no problems educating our children—so what is wrong here? Unionism coupled with liberalism? Yes.

 Bob, tell us about this and reply to the questions here:

 Why is the Washington, DC school system the worst rated in the US [with the possible exception of the LA Unified School System] when it spends more money per student than any other district? Do we need educated people as employees or can we just ‘put people to work doing any old thing’ and call that full employment? How about our spending some more money on ‘education?’[13]

 Why not raise taxes and pay off the mortgages of some 5 million illegal aliens? That might make their kids feel better in ‘school’ or when they get free medical help in emergency rooms at tax payer expense.  Why not hire translators in all our classrooms so the illegal aliens can learn in their own languages? That makes sense to a liberal Californikan.  Isn’t unionism wonderful?

 rycK

 Comments to: ryckki@gmail.com

Raking the Latrines for Special Political Talent

 Our political system is laden with the dishonorable intrinsic attribute that it can magically search out and indemnify with unlimited power the least worthy political leaders in the Western Hemisphere.  We can identify drug addicts and whore mongers like JFK and his relatives [read Dark Side of Camelot by Seymour Hersh[1]], decedents of a rum runner, a Nazi-turned Marxist criminal and celebrate them in song and tax receipts.  We can be mesmerized as a horizontal alcoholic racist  like Teddy Kennedy instructs us on many  exotic forms of taxation  as he swills cheap whisky, panders to the elitist classes and mangles our legislation while  barely conscious. His worthless offspring, like the drunken cop car crasher Patrick Kennedy[2][3], can twiddle around Washington in a drug-induced stupor at high speed immune from any meaningful laws and dream of the time when he will be a senator.  Caroline Kennedy, one of the few sober [and as yet unindicted] and ostensibly drug-free members of this inbred tribe of social barbarians wants the gift of a senate from the half-wit governor of New York but refuses to disclose some items about her personal life and finances unless and until she gets the gratuitous job for nothing. [4] We certainly can all trust liberal Democrats at their word, like Joe Biden [Plugs] The Buffoon of Delaware.  It seems Biden cannot tell us if stealing Social Security numbers for purposes of tax evasion is a crime.[5] Biden can redact history though and tell us of famous speeches that never happened.[6]

 Obama is an unknown quantity so far, but it is clear from his own writings that two ‘fathers’ abandoned him and his mother dumped him twice. Four strikes like that will toughen the soul. He did master the radical writings of Saul Alinsky in detail under the talented Communist Frank Marshall Davis[7] so that gave him all he needed to sail through some  pseudo-academic place called Harvard.  He is a ‘lawyer’ now. That is a great background for public service and provides the essential credentials to be a good ‘family man’ and direct this nation. He does owe much to Detroit thought, so he needs to send more tax dollars to the UAW.[8] Where is the problem with paying union workers $75 per hour not to make cars? Let us double the size of government and tax ourselves into prosperity![9] We can subsidize the auto industry as long as they are unionized.

 The Chicago flotsam is almost too disgusting talk about in this article. “Blagojevich says he has "the truth" on his side…” whatever that means. But, he is a shining star of the Democratic Party and should appoint himself to the vacant senate seat from Illinois. He could vote from prison with a few minor changes in senate rules or maybe Obama can pardon him after Jan 20 and ‘get the right man for the job’ as they say in the steamy sewers of South Chicago. Blago is one of the best Democrats around.

 The economy is crashing under the weight of 5 trillion dollars worth of worthless mortgages [among other debts] given to losers and deadbeats and now like Backside Barney Frank and his leftist loony tunes want to spend more.[10] They are treating a debt-driven deflation spiral[11] with more debt and that solution is novel in itself.  We need to provide some more ‘affordable housing’ to those with no credit capability or job history  and for many who are illegal aliens so let’s print some more money and pass it around as long as they vote for Democrats. Pay to Play is the song. We cannot force the ‘poor’ to make mortgage payments even after debt restructuring—that would be ‘unfair.’

 The conduct of the liberal democrats now resembles the finer tactics of the ZANU-PF party of Robert Mugabe in the splendid land of Zimbabwe.[12] Mugabe has some neat ideas on land reform [actually “redistribution campaign and price stabilization”] that Obama and his familiar Plugs might want to try out. They both want to ‘spread around the wealth’ and this may be their opportunity for ‘peace in our time.’ San Francisco is progressive enough to implement some of these necessary changes in our society to minimize capitalism as well.[13] The Democrats need those kinds of resources to restructure and bring equality upon the land. Lets legalize dope and let the prisoners loose.

 Oh, and don’t forget to set some new Carbon Cap[14] taxes so we can save the polar bears as the Brits are showing us in the  withered and curious form of the  Princeling of Wails[15].  That will create new ‘jobs’ and bring prosperity to us all including the bears. How wonderful.

 California will show us how to tax ourselves into prosperity and equality and brotherhood.

 rycK

 Comments to: ryckki@gmail.com

Protectionism: The World Economies Circle Their Wagons

 There is a must read article by Ambrose Evans-Pritchard

 “Greece has been in turmoil for 11 days. The mood seems to have turned "pre-insurrectionary" in parts of Athens - to borrow from the Marxist handbook.

 This is a foretaste of what the world may face as the "crisis of capitalism" - another Marxist phase making a comeback - starts to turn two hundred million lives upside down.”[1]-- Protectionist dominoes are beginning to tumble across the world  The riots have begun. Civil protest is breaking out in cities across Russia, China, and beyond. By Ambrose Evans-Pritchard 22 Dec 2008  [Emphasis is mine in all quotes.]

 This article shows how various governments are handling the deflationary forces that have gripped the world. What China is now doing is something like our Smoot-Hawley Tariff Act of 1930.What that act did was to truncate America’s exports, especially agriculture, and cause a 30% contraction in our GDP. England only contracted 5% we learn from the article by Ambrose Evans-Pritchard because it seems the British Empire held up their own barriers.  We will probably have to do that.  Asia will form their own sphere of economic influence.

 “Britain and the Dominions retreated into Imperial Preference. Other countries joined. This became the "growth bloc" of the 1930s, free from the deflation constraints of the Gold Standard. High tariffs stopped the stimulus leaking out.”

 China and parts of Asia are starting off the trade wars with their indirect tariff systems with various rules and licenses.

 What I expect to see here is falling exports from the US and some bargaining with Canada and Mexico to form our own Economic Fortress America. That will not be easy. There will be strong forces ahead that will tend to beg  the government to nationalize businesses and ruin the rest of our economy. We have Freddie Mae to thank for our 5 trillion dollar debt and another 4.3 trillion in bailouts.

 Then, we have a pack of socialist parasites in Congress and in the White House.

 Hard times ahead.

 rycK

 Comments to: ryckki@gmail.com

Krugman of the NYT Has Divined the Future for US: Obama Will Heal with More Government and Higher Taxes!

The New York Times—aka the Walter Duranty Papers [1] has an all-embracing and tortuous history of apologizing for Communism, propping up losers, celebrating AIDS along with the perverted practices that spread this horror, practicing the wanton tax whoring of higher taxes for any implausible reasons, praising African and South American dictators and despots in their opinion columns and scrounging for original new ways to reinvent Marxism as a new-fangled and magical solution to achieve a great society.  The Times has never relented from its pathological contempt for capitalism. The Times has relentlessly praised any leftist parasite or pervert who will openly parade their dishonor in our now degenerated society.  Today, the Times’ famous noneconomics economist Paul Krugman grinds on with their ongoing propaganda touting the essence of the Obama Depression Politics[2] where the fault is that of Bush and all will be healed by 2010 with more government and printing money and astronomical deficits.

Our igNoble Leechette[3][4], blessed with insights and the arcane ability to divine the particulars of Depression government policies will now ‘’splain’ to us all these wonders:

“Whatever the new administration does, we’re in for months, perhaps even a year, of economic hell. After that, things should get better, as President Obama’s stimulus plan — O.K., I’m told that the politically correct term is now “economic recovery plan” — begins to gain traction. Late next year the economy should begin to stabilize, and I’m fairly optimistic about 2010.”-- Life Without Bubbles By Paul Krugman Op-Ed Columnist Published: December 22, 2008 [Emphasis is mine in all quotes.]

We had several years of economic hell from the Carter administration. High interest rates and low taxes got us away from that Marxist Stooge.

“But what comes after that? …

In fact, however, things can’t just go back to the way they were before the current crisis. And I hope the Obama people understand that.”-- Paul Krugman

Ah, an essay on taxation and more government will spring forth in a new burst of song and hokum in the next few paragraphs? Let us see if our krugmaniacal One just turns the old crank on his single-song hurdy-gurdy.

“The prosperity of a few years ago, such as it was — profits were terrific, wages not so much — depended on a huge bubble in housing,…”

“To be more specific: the severe housing slump we’re experiencing now will end eventually, but the immense Bush-era housing boom won’t be repeated. Consumers will eventually regain some of their confidence, but they won’t spend the way they did in 2005-2007, when many people were using their houses as ATMs, and the savings rate dropped nearly to zero.”

We might search for any comments here on ‘compliance’  uttered  by Barney Frank [5]and his ‘affordable housing,’ the granting of zero-down loans to 5 million illegal aliens [at a cost of $150,000 x 5 million or $750 billion dollars!]. Where is the essay on that? No explanation how the CRA[6][Community Communist Reinvestment Act][7][8]  cranked up some 5 trillion in toxic debt at Fanny Mae? $750 billion dollars sounds like an economic stimulus program to me, thanks to the liberals. The war in Iraq is about that much. $5 Trillion is a bit more.

Solutions to our problems:

“A more plausible route to sustained recovery would be a drastic reduction in the U.S. trade deficit, which soared at the same time the housing bubble was inflating. By selling more to other countries and spending more of our own income on U.S.-produced goods, we could get to full employment without a boom in either consumption or investment spending.”

This is called protectionism and calls for competitive currency devaluations and tariffs among nations. That is what propelled the Great Depression and ruined our agriculture sales in the 30s.  Why not put tariffs on automobiles so we can continue to coddle the UAW and keep their political donations flowing into the Party of Democrats? Why not put a $10,000 tariff on all non Detroit  produced autos and then give the UAW $30 for each hour they work? This is also so much crap.  We can have reduced consumption and low investment and maintain our GDP? Well, there is one way, and that is government would make up the difference and pay salaries by printing money. France’s GDP is 51% of the GDP so Krugman sees another 25% expansion in government—the same bunch that gave us Fannie Mae and 5 trillion dollars in bad debt. Gee, that sounds like great economics. What happens when our trading partners retaliate? Depression?

“Furthermore, even if the dollar falls again, where will the capacity for a surge in exports and import-competing production come from? Despite rising trade in services, most world trade is still in goods, especially manufactured goods — and the U.S. manufacturing sector, after years of neglect in favor of real estate and the financial industry, has a lot of catching up to do.”

Does our igNoble One understand what deflation means?[9] Krugman gurgles here. What kind of services? Laundry?  Haircuts? Car washes? How about Asian massages parlors—they are a sensation in San Francisco the city that has only ‘services’ and no heavy manufacturing.

And Krugman finally gets to the bottom line of leftist politics:

“The point is that it may take a lot longer than many people think before the U.S. economy is ready to live without bubbles. And until then, the economy is going to need a lot of government help.”

Krugman has no problem with deficits now that Bush is leaving:

““Should the government have a permanent policy of running large budget deficits? Of course not. Although public debt isn’t as bad a thing as many people believe — it’s basically money we owe to ourselves — in the long run the government, like private individuals, has to match its spending to its income.”[10][11]—from a previous Krugman article on NYT.

It is clear to all of us who read this political offal that the only important factor in liberal politics is to institute big government and raise taxes when they can. Now, the NYT celebrates the wanton printing of money [quantitative easing] and high deficits and bailouts of leftist labor unions.

These parasites will do a great deal of damage to economy so we must boycott such phony items as electric cars, anything in California, NY or NY and let them crash. The capitalists will pick up the pieces, repeal their phony laws, get rid of the CRA and we can get back to normal after we foreclose on 15 million deadbeats.

rycK

 Comments to: ryckki@gmail.com

Herbert Moans about Hope Amidst the Gloom of Unionism.  There is Not Enough Corruption.

We are always excited to study and digest the frenetic political theorizing that is proffered as thinking at the New York Times—aka the Walter Duranty Papers. [1] When any economic or political event transpires the diligent workers at this soon-to-go-bankrupt rag sob and moan and get the propaganda machines humming so that the public might be reeducated.  Herbert[2][3], in today’s article in the soon-t0-be-bankrupt Times reshuffles his authorized stack of soiled clichés and ‘teaches’ us all about equality and fairness and calls for money to be shoveled into sacred leftist causes such as unionism. Whatever happens in the economy, we need to raise taxes.

“Is the end of the war in sight?...

I don’t mean Iraq. I’m talking about the war against working people in the U.S. that has taken such a vicious economic toll over the past three decades.”-- Hope Amid the Gloom By Bob Herbert Op-Ed Columnist Published: December 20, 2008 [Emphasis is mine in all quotes.]

What Herbert ought to be saying is this: Is the war against the business community, the ones who provide ALL of our tax revenues to our worthless government, over yet? Herbert can whine about jobs and bonuses and who washes before going to work and decidedly omits a coherent discussion on how our society works. He practices stoogery.

In a fog of class prejudice and ignorance our hero for the day makes statements like this:

“On Friday, George W. Bush, in the slapstick final weeks of his disastrous presidency, grudgingly announced that, yes, emergency loans would be made available to prevent the collapse of the U.S. auto industry. He looked like a boy who had been forced to eat his spinach, or drink his castor oil.”

The UAW is partly lazy, criminalistic and greedy and has destroyed several industries like the railroads, steel, and the airlines and now the auto industry.  Where is the Herbert essay on why and how Toyota, Honda, Hyundai and Volkswagen seems to be doing well, making profits without problems like Detroit? Is this related to the union sh0ps? Where is the record of union corruption, like the Teamsters for instance, in a propaganda piece like this from Herbert? He omits any criticism of unions.  Where is the dissertation on productivity and the contrast comparing union versus non union plants in the US? The market for cars is down 40% across the globe and Detroit has about 7 months of inventory sitting around in parking lots and we need to pay union types to do what? Sit around and not make cars at $75 an hour? That kind of business logic works only for a moron, a greedy precinct worker or a socialist. The mindless dolts who sit around at HUD or Social Security have jobs like that.

Bob Herbert is like a hurdy-gurdy grinder: he has only one song and it is to get money from the tax payers. Herbert celebrates our wasting more tax money or, worse, as freshly printed paper based on absolutely nothing, on those whose excessive salaries and benefits exceed their value in the market place.  He is a grunt-and-grab songster who can only moan about the ‘little guy’ and ignores the facts about capitalism.

“But the economy is in such an awful state that even the most backward administration of our lifetime recognized that risking the chain reaction of a complete auto industry meltdown was not an option. (The Bush deal is unfairly onerous to auto workers, but the loans will serve as a bridge to the Obama era, when, presumably, a more equitable arrangement could be worked out.”

The onerous part here is that the union work rules and excessive salaries and phony legacy costs will be on the political line.  GM, alone, is $60 bln in debt and has NO CHANCE to recover unless some or all of that debt is restructured. Bankruptcy is not an option for the drooling left because those nasty union contracts will be set aside.  O’Bozo[4] can only throw good money after bad and he will do just that and Detroit will sink further into debt, union corruption and socialism.

There is no hope for Chrysler and GM but the use of the tax payer’s money to pay off the unions for their votes can only continue with bailouts every few months or so.  We are in a deflationary spiral and going down economically and wages must fall. Detroit will find out about that soon. There is not enough money to fix deflation now and it may get worse.

We don’t make very many TVs, transistors, microscopes, cameras and other electronics goodies any more and we have somehow survived.  How is that possible? Where did all the lost jobs go and how did we have 4.5% unemployment during the Bush2 years? Bankruptcy is obvious in this case and the only way to reconstruct this business sector if it has any chance to compete in the world of automobiles. The greedy unions have priced themselves out of the job market.

Herbert cannot broach the subject of Chapter 11 of the bankruptcy statute or even wonder why the Treasury has rescued banks and similar institutions. Apparently, he would have rather seen bailout money go to favored union-dominate business and let the banking system collapse.  We expect such grunts from the ignoranti.

It is to the benefit of all American citizens to not buy any Detroit cars for two reasons: [1] it will only prolong the bailout costs and burden us with more hopeless debt and [2] it will prevent the slimy EcoNazi[5]  from micromanaging the industry and producing auto products that we will not buy like electric cars [6]or even want to.

Boycott Detroit and Save Your Tax Money.

rycK

Comments to: ryckki@gmail.com

The Fed is Battling Debt Deflation with More Debt—an Essay in Lunacy.

The Fed has panicked and is struggling to fight deflation with more debt, the very item that caused the problem in the beginning. Bush has just agreed to bail out Detroit with 17.4 bln of your money and that will fail as the auto business is in a depression world-wide. GM owes 60 bln and cannot recover no matte what.  O’Bozo plans to spend a trillion or two more and tax carbon.

From Ambrose Evans-Pritchard of the Telegraph.

“Today we call this "Gladwell's tipping point". Once it goes, you can't get back up. This is why the Federal Reserve has resorted to emergency measures that seem mad at first sight.”[1]--Federal Reserve is damned either way as it battles debt and deflation By Ambrose Evans-Pritchard Last Updated: 6:34PM GMT 18 Dec 2008 [Emphasis is mine in all quotes.]

There is a critical timing point whereby the deflation will suddenly reverse violently and become hyper inflation as we read here from the same link:

“Brian Reading from Lombard Street Research has revived this neglected thesis and come up with some disturbing figures. US household debt is now $13.9 trillion, down just 1pc from its peak last year. Meanwhile household wealth [This was at 57 trillion last month, ed] has fallen 14pc as property crashes, a loss of $6.67 trillion. The debt-to-wealth ratio is rocketing.”

Now, the bond markets are in jeopardy as their might be a bond bubble. As if we haven’t seen enough bubbles in this Lawrence Welk Freak Show[2] already.

“For now, the bond markets are quiet. Futures contracts are pricing five years of deflation in the US. Yields on 10-year US Treasuries have halved since early November to 2.09pc, the lowest since the Fed's data began. Three-month dollar LIBOR has plummeted to 1.53pc.

It is the same pattern across the world. 10-year yields have fallen to 1.27pc in Japan, 3pc in Germany, 3.2pc in Britain, and 3.49pc in France.

The bond markets seem to be betting that emergency action by central banks will take a very long time to work, if it works at all. By cutting to zero, the Fed has come close to shutting down the US 'repo' market that plays a crucial role in providing liquidity. It has caused havoc to the $3.5 trillion money markets - as the Bank of Japan, burned by experienced, had warned. It has become even harder for banks to raise money. Some argue that extreme monetary policy is already doing more harm than good.”

The world has never been in this kind of mess before. We wonder why gold has not soared. Who knows what a ‘bond bubble’ might look like?

This is not the fault of Bush2 or the US entirely. The world is having a real estate market drop and equity is vanishing so the debt ratio is rising. Many people have mortgages that are above the value of their real estate.

People better think again what Dave Ramsey is saying about debt. Today, the dollar is stronger and gold went down a bit. Strange.

I am not sure anybody knows how the system works.

rycK

Comments to: ryckki@gmail.com

“CINCINNATI – An Ohio agency director resigned Wednesday in the wake of a finding that she improperly used state computers to access personal information on the man who became known as "Joe the Plumber" during the presidential campaign”[1]-- Ohio official in 'Joe the Plumber' flap resigns By LISA CORNWELL, Associated Press Writer –

“"This decision comes after a time of pause, in which I realize that I continue to be used as a political postscript, providing a distraction from urgent state priorities," she said in her statement.”—a whine.

How pathetic!

Background on this Parasite:

Previously, this blogger  commented on the sleaze of some disgusting process whereby state records were used improperly to attack Joe the Plumber.[2]

“Public records requested by The Dispatch disclose that information on Wurzelbacher's driver's license or his sport-utility vehicle was pulled from the Ohio Bureau of Motor Vehicles database three times shortly after the debate.

Information on Wurzelbacher was accessed by accounts assigned to the office of Ohio Attorney General Nancy H. Rogers, the Cuyahoga County Child Support Enforcement Agency and the Toledo Police Department.”[3]-- Government computers used to find information on Joe the Plumber October 24, 2008

Apparently somebody pulled his driver's license or his sport-utility vehicle and info and  other stuff. [4]

“Paul Lindsay, Ohio spokesman for the McCain campaign, attempted to portray the inquiries as politically motivated. "It's outrageous to see how quickly Barack Obama's allies would abuse government power in an attempt to smear a private citizen who dared to ask a legitimate question," he said.

Isaac Baker, Obama's Ohio spokesman, denounced Lindsay's statement as charges of desperation from a campaign running out of time. "Invasions of privacy should not be tolerated.  If these records were accessed inappropriately, it had nothing to do with our campaign and should be investigated fully," he said.”

Is our government that sick?? Who is this Nancy H. Rogers and is she a Democrat??

There is some frantic hunt for dirt on Palin and Joe.

This is America? Not the one I used to know. Much of this place in North America is a toilet now.

Udate:

Read this slop:

“"Given our understanding that Mr. Wurzelbacher had publicly indicated that he had the means to purchase a substantial business enterprise, ODJFS, consistent with past departmental practice, checked confidential databases ," she [Helen Jones-Kelley]wrote.[5]

"Not surprisingly, when a person behind in child support payments or receiving public assistance is receiving significant media attention which suggests that the person appears to have available financial resources, the Department risks justifiable criticism if it fails to take note and respond," Jones-Kelley wrote.”-- Helen Jones-Kelley

“Jones-Kelly also has denied any connections between the computer checks on Wurzelbacher and her support for Obama. She donated the maximum $2,500 this year to the Obama campaign.”

“The Dispatch has uncovered four uses of state computer systems to access personal information on Wurzelbacher, including the child-support check authorized by Jones-Kelley.”

 No politics here! No sleaze! No dirt digging!

rycK

Comments: ryckki@gmail.com

The Continuing Collapse of California and other Third World Marxist Economies in the Coming Depression II.

Mindless Tax-Whoring in New York as Usual. Tax Sodas and iPods.

The first resort of a social parasite is to rip off anything of value from any convenient  pedestrian like a purse snatcher in need of an urgent fix or like a crafty pick pocket and  then to run down the alleyway and consume or sell the booty in the darkness away from the eyes of the mark. The second resort of a social parasite is to perform the same circus act while standing on a podium as an elected official replete with the sobs and moans of ‘hard times’ or other pathetic excuses. The net effects are always the same: the parasites waste your tax monies.

From the new governor in New York, we see both views in the same snapshot.  Given any financial emergency, which happens hourly in NYC, the solution to any and all problems is to hike taxes. No matter that high taxes drive away the citizens and discourage tourists—the only real source of revenue for this rust belt state with no future and a haven for illegal aliens, drug dealers, criminals and worse. Let us tax tourists and give the money away to the criminals and illegal aliens in the form of free medical care or for translators so public defenders can communicate with perpetrators in their own language at our expense in emergency wards or in the courts. That is egalitarianism in full blossom. Let us experiment with ‘new’ educational programs!

The witless flunky who earned the governorship of the Empire State after Spitball #9[1] was disgraced now calls for a myriad of new mini taxes and only token cuts of employees in the state.

The glubberance in E minor:

“Trying to close a $15.4 billion budget gap, Paterson called for 88 new fees and a host of other taxes, including an "iPod tax" that taxes the sale of downloaded music and other "digitally delivered entertainment services."[2]-- Gov. David Paterson Unveils Dire New York State Budget That Includes New Taxes, Layoffs And Cuts by Kenneth Lovett and Glenn Blain Daily News Albany Bureau Updated Tuesday, December 16th 2008, 10:21 PM   [Emphasis is mine in all quotes.]

 And we expected something else?

“The proposal, which needs legislative approval, did not include broad-based income tax increases, but relied on smaller ones to raise $4.1 billion from cash-strapped New Yorkers.”

I noticed that $15.4 minus $4.1 leaves a certain arithmetic residual of about 10 billion dollars and this tidy difference is not explained in the article. Perhaps NY will cut spending?

Maybe there is nearly $11 billion here:

-A 3.3%, or $698 million, reduction in school aid.

-$3.5 billion in health care savings, including reductions in payments to hospitals and nursing homes.

-Video slot machines at Belmont Park, more multistate lottery games and expanded hours for the state's Quick Draw lottery game.

-Layoffs for 521 state workers and the elimination of seven state agencies.

I was a peddler in NYC for 2 years in the mid to late 70s about the time when the ‘hot dog’ tax was employed. The city has been ruined since then. I am surprised the subways still work. The net effect here is to soak the tourists in the mistaken belief that they will continue to pay higher and higher prices without complaint. The article accurately states that the citizen victims of the state will go to New Jersey or elsewhere to escape taxes on cigars, beer and wines. Higher gas taxes are met by the same maneuvers. When does the smuggling start? Sounds like the best business opportunity in New York today.

The political tax theory here is based on a Patterson comment at the end of the article, upended here for emphasis:

“"If you start taxing at times when [revenues are] receding, you'll drive job creators out of the state," Paterson said.”

This is well said so the direction of the taxes must be upon others. But, any business calculation can easily show that tourists actually do  make some cost estimates when decent hotel rooms in NYC run about $350 a night and a short taxi trip costs $20.  How much does a Broadway Show cost and why are they closing down? Too expensive? Lower Tourism? Wine is $15 a glass (in the cheap joints) and a decent breakfast at the Waldorf is $45.  Dinner at the Tavern on the Green is astronomical. Since the bonuses for the Wall Street investment banking people have been cut we can wonder if there will be a bit less spending in the city. Many of these good and highly talented folk work for a pittance in hope of a juicy bonus at the end of the year. They are going to be thrilled with a host of new petty taxes.

NYC is probably not the best place for any financial business any more. How about Richmond or Nashville or Charleston? NY, NJ and CA are clearly going down the latrines  with their phony social programs and celebration of illegal aliens, narcotics, “education” and sleaze. Why go to NYC any more?

The opposition wants tax the rich as usual:

“Assembly Speaker Sheldon Silver [a Democrat of course ed.], who supports a so-called millionaire tax, has said he'd "rather have a broad-based tax than nickel-and-dime" people.”

There is one glaring option absent here and we can wonder how many minutes it will take to get this wonderful solution interjected into the next bawling session: Federal bailout.

There is NO limit to how much money Washington can ship to NYC to ‘help out’ and ‘rescue’ liberalism. Lets just print money and shovel it onto the Amtrak trains and throw it around the rail stations.  With federal funds, the job creators are stuck unless they escape the country. After all, the corporate tax in the US is second only to Japan’s mess and that is phony anyway. Should we look for business opportunities outside the US?

Any liberal knows you can just tax the citizens of any state into prosperity. Look how well California is doing.

Raise taxes!! There is NO LIMIT to how much money you can raise for social programs and ‘schools’ in NY. Send Federal Money!

rycK

Comments to: ryckki@gmail.com

The Intrinsic Incoherence of Leftist Economic Logic and Other Follies

We must all be educated in some manner and form and try to adapt the distillates of our lessons to solve practical details of our lives. We can be taught the essentials of balancing a check book, how to drive a car, ways to garden and keep and hold a job and, in some limited sense, how to invest our excess monies in our futures. There are exceptions to this notion, however, and they manifest themselves in the errant behavior or drug addicts, certain Methodists and primarily in leftist economic analysts.

Today, in the New York Times—aka the Walter Duranty Papers[1] we are entertained by new and wondrous theories on the salvation of Africa, a tantalizing  problem that has  captured the imagination of the left for at least a small part of the last 7,000 years.

A question is posed about the ongoing mess in Rwanda and The Congo:

“The international community has worked hard to resolve the conflicts among the various parties: the sovereign states of Rwanda and Congo as well as the assorted militias and private armies that are sponsored by these two governments and by opportunistic local warlords. But despite the deployment of 17,000 United Nations peacekeepers, and many efforts at mediation with constructive American support, the situation appears intractable.”[2]--

Can Africa Trade Its Way to Peace? By Herman J. Cohen Op-Ed Contributor Published: December 15, 2008 [Emphasis is mine in all quotes.]

The word intractable here is key.  How could the efforts of the vaulted United Nations fail? Oh, but did they ever succeed in anything but rhetoric and money grubbing. Could we ever have suggested any mechanism for ‘peace’ in Africa that would not become frozen in intractability? The lesson here is that well-meaning leftists [yes some appear to be so] will explore any means, particularly if the tax monies of US taxpayers are abundant, to attempt to resolve the outcomes of ancient practices of tribalism now complicated by Marxism.

“The failure of international diplomacy is related to the economic roots of the problem, which began with the 1994 genocide in Rwanda. “

We need to cut this sentence short at the first five words and reflect on some history. Can the left still expect some favorable outcome to spring forth like daylilies in July from the efforts of ‘diplomacy’ given the failure of this nostrum since, say,  since 1600 or so? Where was the diplomacy that prevented WW1 or WW2 or the Crimean War or The War in the Malvinas? Indeed, The failure of international diplomacy is rooted everywhere if we wish to believe that such a fanciful notion of debating wars, famines and hatred can be resolved like ‘gentlemen’ around the hearth with a hefty glass of brandy and a pipe full of latakia tobacco. This is lunacy.

“The genocidal war between the majority Hutu and the minority Tutsi in Rwanda spilled into Congo…”

Here, half a deliberation rides precariously on half an observation. Why not, we can ask, try to stop the genocidal wars induced by tribalism by eliminating or minimizing tribalism as a first thought? One expects from a leftist a ‘root cause’ analysis and then some mumbling about a new social program here. But, the salient issues are omitted. We are going to ignore tribalism and throw money on the drum for peace in our time. The fact here is that any leftist is prevented from criticizing any aspects of the disgusting and primitive cultures of Africa like murder, genocide, mayhem, tribalism and the inane practice of Marxism because they are all off the list of solutions. We must not criticize Africans. When bodies float down the river in Rwanda we must send money.

“….history of the conflicts………yadda yadda ydadda……….”

And the clincher:

“After his inauguration, Barack Obama should appoint a special negotiator who would propose a framework for an economic common market encompassing Congo, Rwanda, Burundi, Kenya, Tanzania and Uganda.”

Yes! Let us ignore 7,000 years  of tribalism and more than a  half century of vicious Marxism and construct some economic wonder zone that will produce peace by sharing in commerce!

“If undertaken with enough will and persistence, an American-led mediation to create a common market in East Africa could end the war and transform the region.”

How about a British or French mediation here? Why us? Why not Japan or Brazile? How much does ‘enough” will and persistence cost in US dollars? We cannot solve similar problems like this in Baltimore or New Orleans.

Such moronic blather from a Clintoonery Era apparatchik is expected now in the Obama Regime where we can merely throw money over the fence and hope to hear the dogs stop barking.

This is such a farce.

rycK

Comments to: ryckki@gmail.com

The EcoNazis are Frantic for your Money!

We live in a world where parlor tricks and stories of goblins and werewolves make us shake in fear as the sun descends and darkness surrounds us  and we mutter and wonder about our safety. We take advice from our ‘leaders’ on how to avoid attacks  from monsters in the dead of night so we hang garlands of garlic around the house or plant pungi stakes as barrier to fortify ourselves. We buy amulets and recite runes for protection.

We also live in a world where human parasites feed off the intrinsic fears and prejudices of the citizenry and challenge us to yield to them with wild stories of our impending doom that favors their own personal aggrandizement. We elect many of these slimy creatures to public offices as ‘public servants’  and give them special powers to tax us into poverty or get us into famine, foment  race riots and start wars. On the top of the list of things for any politician to do, as we have seen vividly in Chicago this week, is to find new ways to raise taxes, scrounge a little bribe money  and increase  government spending on pet projects that are advocated by their  ‘supporters.’ Thus, we see a simple pattern of bribery, sleaze and corruption in many government programs like Fanny Mae, HUD and welfare. The process of extracting wealth from the citizens using whichever nostrum is actually recurrently abetted and trumpeted by ideological allies in the media. Disgusting people like Dan Rather, a person who had the trust of many, was found to be a sleaze bag as he attempted to influence an election with phony documents. His performance was disgraceful, but his leftist allies still think he was innocent and should have retained his seat of power on CBS. Many think the Rosenbergs were innocent too. Many still believe that the Clintons are honest and have never lied, had no involvement in the Whitewater mess, were not involved in taking bribes from Chinese Communists or were not involved in phony cattle futures investments. It took some solid forensic DNA evidence for Bill Clinton to admit that his explanations about Monica Lewinski were lies. His supporters knew he was lying and that made no difference because he favored certain left-liberal legislation and tax policies that would make them rich or powerful. Lying for money is an old art and makes people rich if skillfully done. People are easily deceived. Politicians can be liars, sleaze bags, parasites or criminals but as long as they push a little booty to their cronies they are welcome to continue with their crimes.

The world runs almost solely on power derived from money now. Gone are the feudal systems that regulated the class levels and lands so that rents could be collected. Independence and freedom from serfdom were earned by ingenuity, boldness and daring and written in blood as we cast off our ‘masters’ who would direct our lives for “our benefit.” The wealth of the world has flowed into odd corners from global commerce and is scattered so that the existence of a new class of global criminals is mandated if they want to get at some of it. World-wide taxes, the final solution, must be collected now as many localized people refuse to believe in phony scams designed to steal our money and resources.  Some phony organization like the United Nations must take the lead in global taxation. Legislation like the Endangered Species Act and the Clean Air Act were ostensibly constructed with good intentions to save parts of nature and clean up waste lands. These acts have generated millions of nasty legal cases, rules and regulations with high costs to consumers so that ideological parasites can continue to couple with crooked or ideological judges so as to force their enemies out of business or put them in jail. These groups are joined by the zero-growth crowd and other anti-capitalist undesirables. Such corruption is disguised as environmentalism or other such monikers and the process employs various ‘authorities’ in the guise of scientists who have ‘computer models’ that can predict whatever the ideological operatives want to see. Laws and taxes are then constructed and used to extract wealth and enhance the power of the parasites.

 Premise: The truth matters not; what matters is fear itself and this fear generates power in the hands of those who conjure up the politically convenient nightmares and demons. They  will try to alleviate or sooth fears by gross taxation of the masses so that certain heroic rescue  ‘projects’ can be contrived and paid for  that will ‘solve’ the problem that created the fear.

This is a circular essay, of course, as only the singular attribute of  fear is necessary to start up and continue to propel this engine.  Truth has nothing to do with the process. Any phony bogeyman story can pull in the suckers. Global warming has stunned the timid and the mentally disnimble and caused them to panic.

As such, the biggest tax-whoring scheme ever devised on the planet is the current EcoNazi-Inspired Global Warming Scam. The fact that there is no evidence for such a process has not prevented politicians like Al Gore from hyping the impending disaster and getting wide political support for his antics. People bawl in the streets at the thought of the destruction of the earth and many will listen to any perverted scheme that will moderate their fears