The Good Folk Jump Off of California’s Sinking Ship Leaving it to the Leftist Rats

Many local newspapers try to emulate the New York Times [the NYT—aka the Walter Duranty Papers[1][2]--a turn-of-the-crank Marxian siren] in their zeal and Sturm und Drang to ‘educate’ the wandering masses as to their proper role in society. The Bees in California scrounge around for some identity and participation in politics and society and do their little bit to propagandize the news and encourage Californians not to leave but to embrace socialism.  All social problems can be solved with either large quantities of high explosives [according to the terrorists] or with soothing dollops of leftist persuasions and massive income taxes or so we glean from recent history. We are encouraged when we are again reminded that government is best when it is biggest. We can trust these good souls to look out for us and even provide us the food stamps and some neat pot for our government and entertainment.

Today’s instant catastrophe is revealed to us in the form of a key resignation from the government that threatens to tarnish the Golden Image of the Communist Pot State.  Good people are also fleeing the state?

Here is the alarm:

“Mike Genest, who announced recently that he's resigning as Gov. Arnold Schwarzenegger's budget director, deserves a respite after four years of dealing with the state's chronic fiscal crisis.

Genest is a genuinely nice guy, as well as one of the few people who truly understand the state's tangled finances. "It feels like a good time for me to step back from the day-to-day fray of things," he said.”[3]—Sacramento Bee. Dan Walters: California budget boss jumps off before train wrecks By Dan Walters [dwalters@sacbee.com] Published: Sunday, Nov. 8, 2009  [Emphasis is mine in all quotes.]

There was a lot of slobber on the keyboard when this piece was constructed from the electrons California gets from Nevada and Idaho so as to proffer the illusion that they are doing something about the smog problem that has been around for 5,000 years. Some of us have been following California’s[4] descent into the Financial Maelstrom of Woe.[5] There is no hope if you look at the details. They will not cut spending.

The status:

“State revenues are running billions of dollars below even the pessimistic estimates on which the current version of the budget was based. Several of the gimmicks and unspecific spending cuts in the budget, as insiders knew at the time, aren't bearing as much financial fruit as advertised. Adverse court decisions are torpedoing other cuts. Federal bailout money is running out. And the economy remains moribund, with unemployment likely to rise.”-- California budget boss jumps

State revenues are falling for what reason? Oh, is it the psychopathic hatred of capitalism and the drug-inspired intention of taxing away this social monster? Are people either losing money or escaping this state and we can stare at the stars and wonder if either of these factors contributes to lower tax revenues? This report is as stale as it gets and is a mere sausage-machine squeezing of third-hand maudlin mumblings. The problem here is ‘education’ and the concomitant metastatic unionism that is wrecking the state with monumental taxes, enormous spending on education and wild spending on social programs. Let us probe this blurb for anything new that we didn’t already predict.

From a previous blog on Dec 14, 2008 and is offered as prophecy: It was easy [and still is!] to predict that California was heading for social and financial oblivion:[6] [7]They have no concern for a balanced budget. Their ability to reason and plan for the future seems to depend on how many drugs they take. Their wild spending on ‘education[8]’ and astronomically high salaries and benefits for the teacher’s unions and state employees have bankrupted the state and produced a school system that ranks with the worst known in the Western Hemisphere just one click ahead of Washington, D.C. Their Marxian teacher’s unions have strangled the state in concert with the EcoNazis. The quest for tax money is now insatiable. The CA budget ‘process’ was a circus in Sacramento last summer and the ‘compromises’ and calls for spending cuts went unheeded so they floated some phony bond issue.[9] Their social insanity and solemn barrenness of morality and reason are described in suitable [their] terms in this parody, written [in parody] by me:[10] They did manage to sooth enough suckers to buy their phony bonds in a wild attempt to remain solvent until about Feb 2009[11], but this is not working out as their bond rating resembles that of Somalia:

From the past:

“SACRAMENTO, Calif. (AP) — California's budget deficit will reach $41.8 billion over the next 18 months, potentially forcing the state to pay it electricity bills and other expenses with IOUs if lawmakers don't solve the problem, Gov. Arnold Schwarzenegger's administration said Thursday.”[12]-- California sliding toward $41.8B budget deficit 12.12.08 [Emphasis is mine in all quotes.]

And this happened.

But hope shines through the ugliest smog cloud and we can have look forward to relief:

“An educated estimate is that the 2009-2010 budget is about $7 billion out of whack and that the 2010- 2011 version will have at least a $10 billion gap between income and outgo. That's why Capitol insiders are now talking about a $15 billion to $20 billion problem that Schwarzenegger and lawmakers will confront when the Legislature reconvenes in January.

The options for dealing with another big deficit, meanwhile, are shrinking.”-- California budget boss jumps

How about the options of cutting spending and cutting taxes for small businesses who flee California as the most hostile state in North American for business with the possible exception of New Jersey?

Tax hikes are the only way:

“Schwarzenegger and lawmakers already have raised income, sales and car taxes temporarily, and the heat that a few Republicans took for voting for new levies, including a recall campaign against one, likely takes more tax hikes off the table.”-- California budget boss jumps

What about spending cuts??

“At the same time, however, spending advocates, such as public employee unions, are ramping up pressure on Democrats to resist more cuts.”-- California budget boss jumps

“That leaves spending deferrals, raids on other funds and bookkeeping gimmicks – the sleight-of-hand that has been used too often to make budgets balance on paper.”-- California budget boss jumps

If you defer debts do they need to be paid back?? Not if Washington bails you out or some bankruptcy judge vacates the bond holder’s rights.

Where is the bawl for alms from Washington? Where is the new nostrum of taxing dope at a mere 30% tax rate that will pay off the greedy unions? What is the solution here??

“No wonder Genest is jumping off the train.”-- California budget boss jumps

Yes, no wonder. Here we read a reasonably objective and accurate description of the California Syndrome and find NOTHING that will give us any hope. Nothing.  But, they are willing to spend more billions on phony EcoNazi [13]programs such as CO2 elimination.

As the dog returns to its vomit the left returns to lies, maudlin slogans and new tax schemes.

Abandon all hope if you live in California.[14]

rycK [a 5^th generation Californian in exile]

Comments to: ryckki@gmail.com

The Babbler and the Old Brown Lady of the NYT Babble about Election Tealeaves. Liberalism Prevails in all Variants.

Abstract: David Brooks and Gail Collins dance the Dunciad in the misty sorrows and exchange gooey compliments while flittering around the central issue of their despair over the last political races. They mindlessly denigrate the usual right-wing targets and toss bits of witty nothings into the communal chamber pot in an attempt to sooth their fears and revulsion from repulsive results. Gail does offer the seemingly prediction of impending doom in the 2010 elections in her own strange way after David chops the center act of this circus away with some ugly truths for the left. The polis is shifting away from Obama and this is the first crack in the facade. Collins exposes her fears with the comment that she doesn’t think “this election tells us much of anything” in her valiant mental rebellion against reality. This election and Gail Brown actually tell us much about the freakish reaction to the Corzine loss in New Jersey. Things are a-changin’ as they said in the 60s.

As we read the NYT—aka the Walter Duranty Papers[1][2]--a turn-of-the-crank Marxian siren, we must always be prepared to tolerate violent assaults on simple logic or, most likely, suffer through a redacted and spun version of political and economic reality ensnarled with the news and the current urgent urgings of the despotic left.  Today we are treated to a Platonic dialog [of sorts] between the marvelous Chief Babbler David Brooks,[3][4] [5] and the Old Brown Lady.[6]

This current oddity of ‘journalism’ is a rare from of Vulcan Mindmelding where two near-average minds mirror and amplify their comumbler’s interpretation of their carefully scripted dialogue and strive to offer us the illusion that they are thinking in dependently or, more ghastly, objectively.  The apparent goal here is to show that two heads are almost equivalent to one. The true sum, however, can be debated or proven shortly.  This is always a treat for me as I can have fun with my bolding and bright colors.

“David Brooks: Gail, I love elections generally and this one was perfect. It cut through the great illusion of political life. The great illusion is that American politics is divided between people who read The Huffington Post on the one hand and people who listen to Rush and Glenn Beck on the other. We all know intellectually that this is not the case but it’s hard to keep it in mind day to day.”[7]-- Reading the Election Tea Leaves By David Brooks And Gail Collins November 4, 2009, 3:41 PM [Emphasis is mine in all quotes.]

This was an intellectually stimulating carnivalization of intellect.

 On Gail Collins:

For today’s exciting episode, Gail Collins[8][9]is represented by a singular emphasis in shade.  Lacking inspiring cognitive skills, a praiseworthy countenance or even approaching the electric prose style of the other old lady at the Times [Maureen Dowd], I have chosen to give her a slightly different color, also based on her [rather plain] hairdo and not, necessarily, in honor of her politics. Thusly, she can be thought of as The Old Brown Lady[10] of the Old Gray Lady. [Do they still use bowls for haircuts like that?] The NTY staff is a touching menagerie of cast-off leftist hangers-on from the 60s and 70s some of whom survived drug rehab and whose collective purpose in life is to stodgily turn the political crank against capitalism.  A secondary mission is to blindly endorse any far left Marxist for any office or judgeship anywhere this side of Jupiter. Such a philosophy probably has its roots in the angst of reverse bytch-slapping or something related to ceremonial flagellation:  Verbero totus insquequo caput est mortuus.[11][12] Gail Collins is a dedicated team player in this game.

 “Gail Collins: I don’t actually think the election tells us much of anything except that New Jersey is a mess, the Republican Party in New York is a mess and the Democrats in Virginia picked a terrible candidate. But I love the fact that two people can draw entirely different conclusions from them.”-- Reading the Election Tea Leaves

Apparently, this is hyperbole. Maybe the foretelling tea leavers were disturbed or decomposed.

“David Brooks: I’m sticking to my guns. This election reminded us of a couple truths.

 One, that there are twice as many conservatives in this country as liberals, and only one-fifth of the people in the country considers themselves liberal. This means that 80 percent of the people are inclined to be skeptical of government and worried by federal haste and exploding debt….

… They are more skeptical of government than they were when Barack Obama took office. They are more hostile to unions and other interest groups. They are more opposed to greater regulation.

The election reminded us that 2008 has not turned into a realignment. The country is still a bell curve. Moderate Republicans that run calm campaigns can do well, even in Democratic areas like northern Virginia and New Jersey.

It reminded us most satisfyingly that reckless “tea-bag” conservatives, fueled by Sarah Palin types, cannot easily win, even in conservative parts of the country, like upstate New York. Minnesota Governor Tim Pawlenty made a horrible decision in throwing himself in with that lot by endorsing the Conservative candidate in that House race.

All in all, politics is not brain science. The country is center-right. People who are center-right do well when a Democratic president is raising all sorts of fears and anxieties.”-- Reading the Election Tea Leaves”

This was a wild and stringy wad shot out there into the bandwidth of the sort used to create Jackson Pollack artwork or decorate sidewalks in the projects.  Truth explodes in the middle of this dance. Some points are worth mentioning after filtering out the hokum and political boilerplate: Here he makes the point that there are more conservatives than liberals and more independents that both. But, he tries to push off the far-right “tea-bag” conservatives as loony fringies with no evidence. The salient fact that some newbie had 30 days to confront some twisted RINO in upstate New York is not convincing evidence for this nostrum.

“Gail Collins: David, you look at the results from Tuesday and deduce that they show Americans are, in general, thoughtful folks who are concerned for their fellow men but suspicious of big government and a bit right of center. In short, you look at the country and see many variations on you. I would be extremely happy if I thought that the Republican Party would be fielding a large number of David Brookses in different shapes and sizes and genders.”--Reading the Election Tea Leaves

Mirror Mirror on the Wall…..Get a room.

“…I digress. While the loonies did not manage to win the actual race, they still feel totally empowered by their ability to destroy a moderate non-yelling Republican woman with a Conservative candidate whose defects included the fact that he did not live in the district and seemed to lack an ability to blink.”-- Reading the Election Tea Leaves

RINOs are not Republicans by definition. Corzine was loony. Creigh Deeds was a dud. Dede was a dodo.

“….They will be back, and their craziness will turn the Democrats crazy, too. While Democrats would not like to lose to a bunch of David Brooks clones, they are totally terrified of letting Congress fall into the hands of a mass of Michele Bachmanns. I can’t totally blame them for feeling that they have the right to do anything, no matter how duplicitous, to fend off that terrible fate.

So the 2010 campaigns are not going to make you happy, and I want you to bask in the glow while you can.”-- Reading the Election Tea Leaves

Does this hasty prediction, which seemingly reverses the sticky dialogue [supra] that tended to show that the loonies cannot win, suddenly sink, slide backward, reverse and revert to her worst fears? Or, is this more hyperbole? High unemployment, soaring debt and perhaps massive inflation will destroy his ‘presidency.’ A dedicated leftist would offer a long speech how Ronald Reagan destroyed our country and how Bush2’s ‘spending[13]’ wrecked our economy. This reads like curious mixture of denial, fear and loathing.

Missing from this noodle soup of passions and idol worship simmering here are the questions about how Obama seemed to campaign for Jon Corzine and he had his political hinter parts handed to him in a humiliating defeat in a dark blue state.  The Michele Bachmann insult is popped into the iridescent ethers without mentioning Nancy Pelosi who now wants to mandate a $15,000 criminal penalty for those who refuse to buy her phony insurance that could lead to 5 years in jail. [14] Nothing extreme here? Didn’t The Reptile [aka Nancy Pelosi[15]] campaign for Michele Bachmann’s opposition Twinkie candidate [Democrat Elwyn Tinklenberg] in Minnesota and that candidate still lost??[16] Oh, yes and they tried to [or did??] raise a million dollars.  This episode flapped full into bloom with the Bachmann comment, according to Pelosi that “Barack Obama "may have anti-American views.”" What else could we conclude from his racist rants and apologetics?

Given his stilted and scripted rhetoric and the layers of leftist czars that surround his encampment who sing the praises of Mao[17][18] and Marx[19], we can safely assume that he is not an American—he is an American hater, an ideological racist[20][21], a consummate liar[22] and a Marxian advocate or other form of simple stooge.[23]

The furor of such a comment may be compared to the ‘baby killer’ shouts that I and others received from the drug-crazed smelly hippies in San Diego in 1968.  I thought they were anti-American views at the time and also think that most of what Vinegar John Kerry[24] said near that time was anti-American, protosimian and pro Marxist like our Afro-Leninist[25]in office.

This piece was like watching two butterflies twitter and flirt among the remains of a rotten banana in the park. There is nothing of substance here other than the obvious and the clear intent here of misdirection by mouth.  Corzine and Deeds were hammered with massive reversals in voter preferences shifting away from a combination of anti-Bush feelings and the sour economy and the initial perception of Barrack Obama.  To have some blood-sucking tax maggot like Corzine secure only 30% of the vote after his senatorial escapades and the purchase of the governorship totaling about $150,000,000 of this own money is astonishing in leftist terms. It also is a portent—a very frightening one—for the far left in 2010. Obama’s mishandling of our economy and foreign policy may transform his party Jimmy Carter-style for a generation.

The high unemployment and inflation can no longer be heaped on the Idiot Bush so Obama must take his share of the blame and he has the wrong programs in place to turn the economy around as he fiddles with unionism, phony stimuli and EcoNazism.[26]

Algebraically, two half wits apparently almost equal a full wit.

rycK

Comments to: ryckki@gmail.com

Affordable Housing Follies and the Intentional Corruption of Supply and Demand Economics

Abstract: The left continues to chase failed social policies in education and ‘affordable housing’ despite eternal failures. They continue to push the silly nostrum of ‘equality’ when this is impossible and has been shown to be a joke throughtout history. They really don’t believe in this notion, but employ it a method of maintaining power. The current phony plan is to lease back homes from owners in foreclosure or potential foreclosure and that will sustain the property values and keep the looters from selling the plumbing and rugs. This process has a 70% failure rate as it is. All this is being financed by printing money and that is the fastest way to trash our currency and our society. Several other governments, who, presumably, are educated and open eyed are also elevating their debt to GDP ratios to astronomical heights and inviting financial default. The debased dollar is currently fueling the stock markets and gold prices and will eventually produce a bigger bubble than the 2008 mess. Many people cannot handle debt or finances and our tax monies derived from borrowing and printing money pay for these follies. We face a second bubble soon if we continue on like this. But, this may be a grand opportunity for the Democrats who can celebrate the collapse of capitalism with party and song.

We can always make rough approximations and slice some pie in various ways to illustrate some new analytical view on any subject. Today, we can carve up the housing pie to show that there are really only two kinds of people in the world: those who can cope with capitalism and those who cannot. The government, despite its sticky array of erudite folk from Ivy League who draw high salaries and cushy benefits on the government dole cannot manage to understand basic economic principles, or they don’t wish to.  Their political path forward depends on failure and poverty—not success.

Consider, for the joke of the day, the current status of government structured home foreclosure prevention. To say that this operation is run much differently from some freak side show at Coney Island opens the sayer to criticisms about the knowledge of even basic economics or finance. Most of this nostrum is infected with the salient quest for ‘equality’ for the ‘masses’ that we inherited from a swarm of losers from the past two centuries.  In 1920, the thrust of ‘equality’ was to redistribute the wealth through violent means if necessary and Winston Churchill responded to this quest in this way:

On equality:

"....But my hatred of Bolshevism and Bolsheviks is not founded on their silly system of economics, or their absurd doctrine of an impossible equality. It arises from the bloody and devastating terrorism which they practise in every land into which they have broken, and my which alone their criminal regime can be maintained...."— Text of Winston Churchill's July 8th, 1920, British House of Commons, Amritsar Massacre Speech By Winston Churchill  given July 8th, 1920[1][2] [Emphasis is mine in all quotes.]

For the simple, the notion of equality rings loud and sweet as many see free money falling from the skies and decorating their hovels mandated by the historical theorem that this is some kind of payback for stolen wealth by the bourgeois. The supporters for reparations sing this song; this is ‘social justice’ in the parlance of the rabid left. But, not based on sound economics or even believable social theories we always find the persistent residual tenet of this theme that still survives the anvil of reason and persists like some metastatic disease throughout the world. There is no such thing as equality in any social or cognitive vector selected at random or extracted from lengthy thinking. This phony attribute that synthetically defines of all mankind persists for two reasons: [1] that politicians can gain power and prestige and wealth by promising the impossible to the low classes and [2] that the low classes want to spend money and enjoy this process as much as those who can work the levers of capitalism and make it work. These two factors always result in opposition and failure. The system that does work is for the entrepreneurs to create wealth and employ the rest of us in some kind of cooperative adventure where everybody gains wealth although not equally. This is not acceptable to the left.

There are two major diametrically opposing mechanisms operating here:

Capitalism is self-adjusting and rewards the successful with profits while destroying implausible or inopportune business adventures with stark business failures and unavoidable bankruptcies, but the Political Classes never self-adjust unless there is famine, war or inflation and tend to merely accumulate more and more unsuccessful people in their ranks. One trendy facet of this is to ignore drug addiction and crimes in inner cities but to ensure that they will vote properly at the proper times. This is a phenomenal political success for the liberal Democrats. Thus, one system constantly improves and the other remains stagnant and an increasing burden upon the other in the form of parasitism. This notion that ‘education’ can eventually ‘level the playing fields’ is absurd and a topic for another blog. Education is not the word that must be used here—the proper word is propaganda. [3]

“Silly economics” is currently being showcased with the tinsel, hokum and curious circus acts all shouting “affordable housing.” This is a proxymoron[4] from the old socialist days where current ‘scholars’ and their appreciative political hacks sort through the histrionic rubble of Marxism and its aftermath for hidden truths by the liberal swarms and then stodgily recap the old stale precepts recast in new habits. This process works because most humans cannot compete equally  in capitalist societies [e.g. The Bell Curve[5][6][7] shows this clearly] thus there are always a large group of disadvantaged, poor and restless persons for whom this offering is their best hope of getting at least something in this world. Thus the divide between those who can produce goods and services and those who can only burden such process is maintained like the Great Wall of China. It is always of interest to note that programs by the left are not successful thus prompting us to think that many are predestined to fail to maintain the political power of Democrats and their allies.

There have been numerous ‘programs’ to help out the ‘poor’ and most of these circulate like vultures around the concept of ‘land reform’ or some other form of ‘redistribution of wealth.’[8] Much of the ‘theoretical’ basis of such a concept was provided by Keynes thus lending license to governments to print money and ‘share’ in the wealth of others. The United Kingdom is running an expensive [and maybe terminal] experiment what will probably topple their society via the debt mechanism, a process that would have destroyed any corporation who emulated this folly, but since the government of Gordon Brown and Alistair Darling is socialist the process may happily run the U.K. into the financial latrines:

“So terrible was Gordon Brown's economic stewardship during his decade as Chancellor from 1997, and so huge has been his "fiscal stimulus" since, that the UK now has the biggest structural deficit of any major country.”[9]-- This financial mess isn't even the end of the beginning for UK wealth By Liam Halligan Telegraph Published: 8:49PM GMT 07 Nov 2009

Our own government’s futile attempts to make suitable homeowners out of uncreditworthy citizens and non citizens by offering to ‘restructure’ their loans failed miserably:

““HSA is showing high redefault rates on the early offerings,” FHFA director James Lockhart noted in a Congressional report this week. “Performance on the February through April offerings shows a redefault [or recidivism] rate of almost 70%, which calls into question the program’s assumptions that borrowers have the capacity to make payments going forward.””[10]-- Fannie Program Sees 70% Recidivism By Diana Golobay May 22, 2009.

A desperate attempt to preserve some value in government-owned real estate now unfolds where mortgage defaulters can essentially rent their properties so they won’t be trashed and the plumbing cut up and sold before foreclosures. If the rents are too low then we have more social engineering adventures to pay for:

“Mortgage giant Fannie Mae said Thursday that it would throw a lifeline to some people losing their homes to foreclosure by allowing them to lease those properties back for up to a year at market rental rates”[11]— Fannie Mae to allow borrowers in foreclosure to lease back homes

All of these  socialist government actions surge forward in song and theatre  and then bounce off the Wall of Reality and summarily revert back to the penalties for violating basic supply and demand theory and practice and the ability to purchase and maintain property or capital or both. Capitalists can manage capital and when they fail their unit plan disintegrates into pieces and the pieces are sold off and recombined elsewhere with a new and hopefully successful plan. Thus Capitalism is a self-sharpening economic tool while government, using the reverse technique of eternal necrosis is just a dead chicken tied around the necks of the business community.

Here, some collective of socialists schemed to get ‘affordable housing’ for the poor using federal law CRA [Community Reinvestment Act][12][13] and political  harassment machines like Greenlining[14] and the criminals at ACORN[15] and thus perpetuate this failure.

Freddie Mac [that just lost 5 billion more dollars[16]] and the intellectually and financially bankrupt Fannie Mae are both convenient socialist financial dumpsters[17] provided to toss away phony mortgage deals that will obviously end in failure and the taxpayer will pay for the mess. This is a classic redistribution of wealth foray where the ‘poor’ are subsidized by the rest of society as if high progressive income taxes were not enough.

From a previous blog: The French Revolution[18] was such a plan as the title of this blog suggests. Here, the lawyers and intellectuals and peasants brewed up a grim solution to the ever-popular notion of redistribution of wealth. Louis XVI and his peers were rounded up like cattle and their heads severed to baskets in a shower of blood as the crowds chanted about new notions of liberté, égalité and fraternité.[19] Louis had fought many wars, food was scarce and also much of this revolution was precipitated by a financial crisis, high debt, and inflation in food prices--all similar to the one we are experiencing now except inflation. The spending and debt levels are so high that hyperinflation is a surety. [20]

We should be watching our trading partners and how they handle debt and deflation:

“The IMF expects Japan's gross public debt to reach 218pc of gross domestic product (GDP) this year, 227pc next year, and 246pc by 2014.”[21]-- It is Japan we should be worrying about, not America Japan is drifting helplessly towards a dramatic fiscal crisis. By Ambrose Evans-Pritchard

We are at 12/14 or about 85% Debt to GDP ratio now and quickly copying the failed Japanese Model.

We should be watching our government was well:

““If the fiscal path is deemed unsustainable, it may be preferable to create limited inflation early on -- to nip the debt problem in the bud - rather than to allow a mounting debt burden. We think the risk cannot quite be dismissed out of hand,” said the bank”[22]-- Morgan Stanley fears global central banks will 'monetise' public debts By Ambrose Evans-Pritchard.  Morgan Stanley has warned clients that central banks in high-debt countries may try to stoke inflation as a deliberate policy to rescue governments and tackle the legacy of the crisis

We are wasting our growth potential—the only thing that can bring us back from the abyss and the leftists know this and persist in the destruction of our economy for political reasons. They are now trying to amalgamate a silly but economically lethal fusion[23] between classic Marxism[24] and Fascism[25] whereby they can dictate business and tax policies to industry and banks and finance this with printed money.

This debt will bury us and the left will be pleased:

“Harvard economics professor Ken Rogoff[26] said that the level of debt major governments have taken on to tackle the financial crisis is of considerable concern must not go unnoticed.

In a series of recent comments, Prof Rogoff cautions that countries like the US have been running up such significant national debts as a proportion of their total economies that there is the potential for default at some point in the future.

"There's no question that the most significant vulnerability as we emerge from recession is the soaring government debt," Prof Rogoff told Bloomberg. "It's very likely that it will trigger the next crisis as governments have been stretched so wide."[27]-- 'Debt levels risk another crisis' High levels of government debt around the world remain the most likely trigger of the next economic downturn, the former chief economist of the International Monetary Fund has warned. By James Quinn 24 Sep 2009

This is not going to work. But, then, why should the left want economic success? The most valiant and successful examples of the left getting what they wanted were the French Revolution, The Russian and Cuban  and Chinese Revolutions and some brushfire stuff in Africa. Did they suffer from a collapsed economy in any case? No--not the political leadership.

The destruction of your wealth and private property is their first priority. Watch it happen in California.[28]

rycK [a 5^th generation Californian in exile]

Comments to: ryckki@gmail.com

Paul Krugman Clarifies the Outcome of the NJ Gubernatorial Race for Us: Spend More! Spend More! Spend More!

Abstract: Paul Krugman juggles fruits from different bins in a circus performance that rings of Joel Gray in Cabaret with the political roles reversed. He ‘analyzes’ the New Jersey fiasco and finds hidden diamonds in the outcome for the left. He grinds away on the current authorized hurdy-gurdy tune that says the Jon Corzine wipeout was not a reflection of Obama. He rejects any reference to restoring the economy with the indicated tax cuts and spending reductions, the items that, strangely, propelled Chris Christie[1] to glory and forced the tax-grubbing parasite Corzine to be humiliated with only 30% of the vote. The Krugman fairy tale surges on with iridescent tinsels and kazoo honking and terminates with a rare condemnation of Obama for not spending enough, a rare criticism for the dedicated. He then offers the prediction that the use of “…economic half-measures may haunt Democrats for years to come.” My conclusion, agreeing with Krugman in this rare instance, is that Obama may become the Second Peanut after Jimmy Carter’s sterling performances. The baboon is scrounging around for diamonds again.

Perusing the New York Times (that is known affectionately as the Walter Duranty Papers[2] in honor of their most beloved Pulitzer Prize winner) may be likened to solving a crossword puzzle where the words tax or spend are the only candidates that seems to fit almost anywhere both vertically and horizontally. There are apparently no examples of cost-cutting or financial sobriety to be found in the pages of the NYT in the past few years, or decades. The clarion chants celebrating the electric nostrum of the inevitable defeat of the  evil Tax-cut Zombies[3] ring like ceremonial gongs in the press room of this bankrupt newspaper. The answer to all social problems is more government, higher spending and higher taxes.

For today’s example of metastatic government we study the teachings and counsel of one Paul Krugman[4][5][6][7][8] as his works provide the political and thus economic  impetus for effortlessly  fleecing the cognitively disnimble. The ‘poor’ must be serviced [they provide the votes!!] and ‘educated’ as to how to be handsomely rewarded for their political support. The current loss of Jon Corzine in New Jersey requires some redaction and purification so as to position the left to benefit politically. Christie threatens to cut taxes!

As an example of advanced propaganda we must firstly suffer through a meaningless analogy to get to the core of his message:

“Remember those Republican boasts that they would turn health care into President Obama’s Waterloo? Well, exit polls suggest that to the extent that health care was an issue in Tuesday’s elections, it worked in Democrats’ favor. But while health care won’t be Mr. Obama’s Waterloo, economic policy is starting to look like his Anzio.”[9]-- Obama Faces His Anzio

 By Paul Krugman Op-Ed Columnist Published: November 5, 2009 [Emphasis is mine in all quotes.]

We are reminded of sampling blunders and outright fraud here when we study the aftermath of voting using ‘exit polls’ that clearly showed in one case that John Kerry was several points ahead of George Bush. [10][11] Nevertheless, such false or misleading ‘information’ is readily translated into ‘facts’ and those ‘facts’ can be used to assemble The Ultimate Truth and that is that.

The Truth unfolds for us:

“True, the elections weren’t a referendum on Mr. Obama. Most voters focused on local issues — and those who did focus on national issues tended, if anything, to go Democratic. In New Jersey, voters who considered health care the top issue went for Gov. Jon Corzine by a 4-to-1 margin; Chris Christie won voters who were concerned about property taxes and corruption.”-- Obama Faces His Anzio

Another sampling issue stretched to its breaking point. The national polls strangely differ[12] as they seem to show a 55 /35 or a 57/37 view against health care ‘reform’ and its exorbitant costs. The conundrum here is that Krugman fails to recognize that a national poll is merely an ensemble of local views, but such facts fly in the face of certain narrowly defined political objectives so the mandate it to cherry pick the results that fit the current tall tale. That is good liberalism.

Then a brief caveat before resuming the current disinformation charge:

“Yet there was a national element to the election. Voters across America are in a bad mood, largely because of the still-grim economic situation. And when voters are feeling bad, they turn on whomever currently holds office. Even Michael Bloomberg, the mayor of New York City, saw his supposedly easy reelection turn into a tight race.”-- Obama Faces His Anzio

Did he just contradict himself??  No matter. Apparently, the NYT cannot seem to observe the current bad mood, from listening to reptiles like Nancy Pelosi’s lies[13] or to the freak show bunglers in the White House who are not rescuing our economy while proposing and promising to do so.

A foreboding?

“This bodes ill for the Democrats in the midterm elections next year — not because voters will reject their agenda, but because all indications are that a year from now unemployment will still be painfully high. And Republicans may well benefit, despite having become the party of no ideas.”-- Obama Faces His Anzio

This no idea theorem references the essential tax cuts and spending cutbacks and unavoidable  high interest rates that are customarily used to unwind the  typical sorry socialist mess that people like Peanut Jimmy have thrust upon us. These ideas are basic capitalism thus are anathema to the drooling left.

Stimulus amount redaction—more should have been wasted.

“Thus the stimulus bill fell far short of what many economists — including some in the administration itself — considered appropriate. According to The New Yorker, Christina Romer, the chairwoman of the president’s Council of Economic Advisers, estimated that a package of more than $1.2 trillion was justified.”-- Obama Faces His Anzio

Oh, I thought she said this level would ‘work’ and turn around the economy and unemployment levels by July? How about 3 trillion or 5 trillion? It is not too late!

History: Stimulus Act of Jan 2009

“An Act: Making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.”[14] [Emphasis is mine in all quotes.]

The Christine Romer Prophecy:

“…, even with the large prototypical package, the unemployment rate in 2010Q4 is predicted to be approximately 7.0%, which is well below the approximately 8.8% that would result in the absence of a plan.”[15][16]

Oh, gee—did the unemployment rate soar beyond 10% barely an hour ago??[17] Do Romer and Obama look like jerks yet? Or how about spending on clunkers[18] or other follies? We spent $16,000 per car? Was that enough? Why not just use printed money to give cars to loyal Democrats!

Did Romer recant?

“Most analysts predict that the fiscal stimulus will have its greatest impact on growth in the second and third quarters of 2009,” Romer said. “By mid-2010, fiscal stimulus will likely be contributing little to growth.”[19]— Christine Romer Oct. 22

From a previous blog: The current outrage is the Clunkers Calamity where our government went out to ‘stimulate’ car sales and spent $24,000 per car on an average car cost of about the same price as that number. [20][21][22] Extending this insanity to the housing problem we learn that “…the Brookings institute estimates that the $8,000 credit equates to a cost to the taxpayer of $43,000 per home.”[23] This is money wasted for political reasons. We must search for reasons why our government is so stupid and how they arrive at these ‘programs’ and what mentally tortuous paths they traverse as they concoct such wonders. And we do not think we have idiots in our government?[24]

This guy has no shame:

“And more is needed. Yes, the economy grew fairly fast in the third quarter — but not fast enough to make significant progress on jobs. And there’s little reason to expect things to look better going forward. The stimulus has already had its maximum effect on growth. Even Timothy Geithner, the Treasury secretary, admits that banks remain reluctant to lend. Many economists predict that the economy’s growth, such as it is, will fade out over the course of next year.”-- Obama Faces His Anzio

A criticism of Obama bursts forth??

“If the Democrats lose badly in the midterms, the talking heads will say that Mr. Obama tried to do too much, this is a center-right nation, and so on. But the truth is that Mr. Obama put his agenda at risk by doing too little. The fateful decision, early this year, to go for economic half-measures may haunt Democrats for years to come.”-- Obama Faces His Anzio

What may haunt the liberals is the high inflation and massive debt that this guy has piled up to soak our kids with. Obama may become the Second Peanut[25] and trash his phony socialist party for a generation.

It has been stated in more explicit terms than printed here that:

 Liberalism is like probing a baboon’s sphincter for diamonds. There is little chance for success, but there are several opportunities for anger and frustration. [26][27]

There ain’t no diamonds there Dorothy—but the levels of frustration of the left soars.

“I told you so!”—Future comment by Hillary Clinton.

Losers deserve to lose. "Life is tough, tougher if you're stupid."
-John Wayne

Losers deserve to lose. "Life is tough, tougher if you’re a leftist or one of their victims."--rycK

rycK

Comments: ryckki@gmail.com

Quoth the Old Red Lady of the NYT: Mirror Mirror on the Wall! 

Do I see My Party and Myself in My Writings?

Abstract: There is a cliché in politics that goes something like this: we soon become exactly what we criticize or words to that effect. This notion is amplified today by the New York Times. Maureen Dowd performs a decent hack job on herself with a raft of sticky aphorisms and amusingly boomeranging hypocritical harangues while chucking spears at Rush Limbaugh. Maureen morphs into Maureen and tries to defend Obama for his political blunders like she has done to him in the past. Her Beloved tried to intervene in two important gubernatorial races and boogered both of them. Dowd cannot seem to comment on this and focuses on Rush. Hypocrisy, thy name is Dowd and thy mirror is our witness.

We are always entertained by the well-scripted but mostly slanted scribblings that appear in the NYT—aka the Walter Duranty Papers[1]-- as they attempt to ‘form public opinion’ with stale propaganda that surges unerringly along its destined path despite the news.[2] Upon pressing new and sweeping ‘changes’ in our economy and society  that ultimately lead to socialism, inflation, debt as they appear to redouble the  losses of our  Constitutional Rights not to mention our wealth.  This has been the mission of this turn-of-the-crank screed extruder for many decades so we need not bother to search any of their written works for a trace of any substance that might conflict with their sacred, to them, mission. They are mired in the leftist stooge tank and when it comes to ‘thinking outside the box’ they can no longer even identify a box.  Their box collapsed in 1989 along with their Beloved USSR.

Today, we are treated to a rather tautological, highly propagandistic and a nasty screed by the Old Red Lady[3][4][5] of the Old Gray Lady[6] [Dah Dowdy Dowd]. [7]  She takes it upon herself to instruct us in criticism?! A stage whisper suddenly materializes:  [Does Maureen cook her hair in the microwave??[8] Where does that color come from? As a chemist, I know that some chemicals that color can eat through glass. [9]]

She chucks her first spear at Rush:

“In those days, he [Rush Limbaugh] called himself a “harmless little fuzzball.” He’s a lot less harmless now. I went on to columny [A clever play on the word Calumny[10] ed], as my pal Bill Safire called it, and Rush went on to calumny. [Emphasis is mine in all quotes.]

As he and Sarah Palin conduct their auto-da-fé of moderate Republicans — “Moderates by definition have no principles,” he told his radio audience on Monday — Limbaugh is more than ever the face of his party, as Rahm Emanuel said.

He’s also the mouth.”[11]-- Who Are You Calling a Narcissist, Rush? By Maureen Dowd Op-Ed Columnist Published: November 3, 2009

Note the word association stratagem here coupled with a name association gem! Here we are led, in a propagandistic manner characteristic of the NYT, that Rush is an evil mud slinger and Sarah Palin is his co-conspirator. This is good propaganda but is it not judged hypocritical when she uses calumny to point out her examples of calumny? Such are the little tricks that keep her readers giggling in their tutus. This is so much fun.

A bit of veiled advice to her Fürher Whom She Doth Not Question:

“President Obama will have to step it up on jobs and fixing the deficit if he wants to block conservatives from stoking the anger of Americans who only see a recovery on Wall Street, especially given the Republican sweep in top races on Tuesday night.”-- Who Are You Calling a Narcissist, Rush?

As if all these trillion dollar stimuli and cash for clunkers[12] and such have not failed? We have a ‘recovery in progress’ so what be the need for some stepping up? And, why should the greedy whites who “who cling bitterly to their 401(k)s[13]” feint anger as they are the ones who hoard wealth from the poor and marginalized? They are guilty of their sins of the past.

More name dropping:

“But the tactics of Limbaugh, Palin, Cheney & Fille are more cynical: They spin certainty[??], ignoring their side’s screw-ups, and they exploit patriotism, labeling all critics as traitors.”-- Who Are You Calling a Narcissist, Rush?

The ‘all’ clause here is the standard leftist nostrum that any remark made against one of their enemies (or victims) is directed to all humanity. So, when we speak of criminals we must be criticizing the plight of the entire poor masses or other such nonsense. But, to be a bit analytical here, can we wonder if some of our critics are traitors? We still hear that the Rosenbergs were ‘innocent!’ Was Tookie innocent? Mumia? Dan Rostenkowski or Cold Cash Jefferson?

Some traitors:

“It was okay for John Kerry [14]to talk with the Communists in Paris and try to defeat the US in the Vietnamese war.  It was okay for Harry Hopkins to be a paid Soviet Stooge for the Russians and sell of Eastern Europe to Stalin or for the Rosenbergs[15] to be paid Soviet spies [his code name was ‘liberal’—how fitting!] who then sold our nuclear secrets to the Communists. That is okay. It is fine that Mumia is a cop killer and can have routine radio broadcasts from his cell. [16] [17] [from a previous blog[18]].

No traitors in this list of liberals?

One of the difficulties in creating plastic  messiahs  from floor sweepings and other base substances and the similar attempt to create other but lesser ethereal beings for less important work [Hillary Clinton] is the tricky task of  preventing the audience from giving off a few Bronx Cheers or snickers when The One boogers the load and looks like a fool. In New Jersey, the YoYo Corzine[19] broke the state with his moronic tax mongering and corruption and he was tainted with slime and summarily embarrassed in the polls.  We had a repeat of this in the good state of Virginia that just swung back from dark blue to hot red. The six visits of The Anointed One to rescue his New Jersey lackey were embarrassingly futile and made His Greatness look like a gibbering fool trying to rescue his cell phone from deep in the sewers looking something like Old Weird Harold on speed. This was so faultily constructed it seems to bear the Mark of Shrum[20], the leftist operative with the highest number of political failures so far, but the future is approaching quickly and we can expect to see more of these gems.

Of course the Old Red Lady did chide her Beloved a time or two[21] in the past when she detected him straying from the Path and advised him to ‘unwind.’

“It’s hard not to be who you are, but it’s doubly hard to be who you’ve strived not to be. Obama not only has to figure out how to unwind with a Bud. He has to rewind his life.”[22]-- This Bud’s for You By Maureen Dowd Op-Ed Columnist Published: May 4, 2008.

And, a poisoned spear for Hillary:

“The lioness of Chappaqua is hot on the trail of the Chicago gazelle, eager to gnaw him to pieces, like a harrowing scene out of a George Stubbs painting.”[23]-- This Bud’s for You

She continues to dump on Rush:

“In an interview on “Fox News Sunday With Chris Wallace,” Limbaugh accused the president of trying to destroy the economy — yes, the same economy that W. came within a whisker of ruining.

“I have to think that it may be on purpose,” Limbaugh said, “because this is just outrageous, what is happening — a denial of liberty, an attack on freedom.”

We could inquire whether his ‘porkulus[24]’ is really fixing up the infrastructure or creating new jobs[25] 0r strengthening the currency or just wantonly plunging us deeper into debt. That sounds like destroying the economy[26] to me even if it is unintentional and he is just foaming at the mouth while trying to understand basic economics and finance. I am surprised it is not worse given his history and training when coupled with the losers he has surrounded himself with. [27][28] Is Obama really an Afro-Leninist, an ideological racist[29][30], a consummate liar[31] and a Marxian advocate or stooge[32]? He acts like one. He might become our new Hoover and bury the leftists for a generation.

The Old One runs out of venom:

“But on Sunday, he ripped the president for having “an out-of-this-world ego,” for being “very narcissistic,” “immature, inexperienced, in over his head.” (Isn’t immaturity scoring OxyContin from your maid?)”

“It gives new meaning to pot, kettle and black.”

It is so Greenwich Village-like[33] to end her screed with what is doubtless a vain valiant entwine on the most hackneyed cliché in literary history. But, with the news and circumstances and shrummery abounding in this circus we have to give Maureen some slack as she has little to work with this week.  Things will worsen and Rush’s predictions are coming true.

 rycK

Comments: ryckki@gmail.com