In Tuesday’s first installment of his series on George Soros’ supposed quest for world domination, Glenn Beck accused the billionaire of – among many, many other things – following a five-point “formula” to gain control of the United States. From Salon.com Emma Mustich points out that all of the points used to demonstrate a Soros… Continue reading Glenn Beck’s five-point plan for world domination
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Rand Paul Gets Pissy With Eliot Spitzer for Asking Him to Name Specific Budget Cuts
Eliot Spitzer and Rand Paul had a rather contentious debate over his income, his stance on Medicare payments for doctors being reduced and just what he’d cut to balance the federal budget… From Video Cafe Rand Paul demonstrates that Socialism is when the government helps other people. This is why Rand Paul is a joke. He has sincere,… Continue reading Rand Paul Gets Pissy With Eliot Spitzer for Asking Him to Name Specific Budget Cuts
The Big Lie
It seems to me that the last year or so in America’s political culture has represented the triumph of untruth. And the untruth was propagated by a deliberate, simple and systemic campaign to kill Obama’s presidency in its crib. Emergency measures in a near-unprecedented economic collapse – the bank bailout, the auto-bailout, the stimulus –… Continue reading The Big Lie
US Trade Deficit is Half Oil
A government official emphasized to me today what should be clear to anyone who follows Calculated Risk’s charts, namely that a huge element of our trade deficit has nothing to do with China or manufacturing but is instead driven by oil: Now it’s not unusual that the US is a net oil importer. Most countries… Continue reading US Trade Deficit is Half Oil
Can liberalism save capitalism from conservatism?
Conservatives have long succeeded in persuading business that they are its friends and liberals are its enemies. In reality, the reverse is true. Liberalism saved American capitalism during the depression, and if American capitalism is to be saved from the Great Recession, liberals will have to rescue it. Modern conservatives claim to be pro-business. But… Continue reading Can liberalism save capitalism from conservatism?
Stopping GOP bailouts and GOP socialism
Can we borrow a page from the tea party and start referring to the corporate subsidies and tax breaks to the energy, defense and agribusiness firms as bailouts? And any no-bid or closed-door contract as a take-over? And any new program or spending as socialism? I realize that this is a cynical way of doing it, but why not take… Continue reading Stopping GOP bailouts and GOP socialism
QE Is Not CM
QE is basically expansionary monetary policy, no different in its effects (if it works) from reducing the policy interest rate. Yes, it tends to weaken the exchange rate; but it also increases domestic demand. China is engaged in currency manipulation, that is, buying foreign currency to keep the yuan weak; meanwhile, it is actually moving… Continue reading QE Is Not CM
DST is a hoax.
Adjusting our clocks has no effect on the amount of sunlight that reaches the earth.
How to understand Fox News
To begin with, bluntly, Fox is part of the Republican Party. American political parties are made up of both formal organizations (such as the RNC) and informal networks. Fox News Channel, then, is properly understood as part of the expanded Republican Party, just like Hill staff of GOP Members of Congress, or pollsters who only… Continue reading How to understand Fox News
Keith Olbermann SUSPENDED From MSNBC Indefinitely Without Pay
MSNBC has suspended star anchor Keith Olbermann following the news that he had donated to three Democratic candidates this election cycle. From Keith Olbermann SUSPENDED From MSNBC Indefinitely Without Pay What and idiotic thing to Mr. Olbermann to do. This is exactly the kind of thing that he would use for his worst person segment.