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Showing posts with label Paul Krugman. Show all posts
Showing posts with label Paul Krugman. Show all posts

Monday, December 10, 2012

The War on Facts, Televised

A week long illness is now receding and I can wear my glasses again without wanting to hurl. Sinus pressure must realign your eyeballs or something, I don't know. But it sucked.

Another thing that sucks and makes me want to hurl is a video up at Politico, which I'll spare you. You don't have to actually watch it to get my point. And since the attached article is titled, "Paul Krugman riles fellow pundits," Politico owes the man an apology. Krugman is a Nobel Prize-winning economist and a professor at Princeton University, in addition to his column and blog in the New York Times, while "pundit" has become mostly synonymous with "hack." The days of a punditry populated largely with people who actually know what the hell they're talking about have long since passed -- if they ever existed at all. Today, the vast majority of pundits are partisan propagandists. And their hackery is insufferable.

After all, in what world would Mary Matalin -- a professional Republican operative -- be considered a "pundit?" Unfortunately, the answer to that is "the one we live in." She was one of the "fellow pundits" Krugman riled on ABC's This Week. The other was this tool:

After Krugman called House Budget Committee Chairman Paul Ryan's budget a "fake document" and the columnist said he was "amazed that people haven't gotten that," [George] Will unsheathed his verbal sword and went at Krugman.

Friday, October 07, 2011

The Argument that 99-Percenters Offer No Solutions is a Really Stupid Argument

Vintage photo of mechanic working on car with DC platesImagine you're driving along and you hear a sound somewhere under your car. "Ka-chung, ka-chung, ka-chung..." You're going to take that to a mechanic, right?

Now imagine that the mechanic asks you what you want to do about the sound. "I want you to fix it," you tell him.

"Sorry," he's says. "That's not specific enough. I need you to tell me exactly what needs to be done. What component I need to replace. What tools I need to do it. I need step-by-step instructions on exactly what repairs you want done."

"I'm not the mechanic," you answer, "you are! I just want you to fix the noise. I don't know how to do it."

"Come back when you have real solutions," the mechanic says.

That's the problem facing the American people and, specifically, the protesters in the streets of New York and other cities right now. The problem is obvious -- unemployment, a tax structure that's way to lopsided toward those at the top, corporate crime and runaway greed, out-of-control higher education costs, etc. Our entire economic system is going "Ka-chung, ka-chung, ka-chung." Yet, when the protesters point out there's obviously something wrong here, they're dismissed by politicians and the media for having no solutions.

Monday, September 12, 2011

Given the Opportunity, the Right Can Offer No Defense for Politicizing 9/11

Conservatives own 9/11. No liberals died that day in that famously liberal city; no Muslims, no gays, no feminists, no environmentalists. The first responders who ran into those burning buildings, while everyone else ran for safety, had all burned their union cards. No union thugs died that day. Only rock-ribbed Republicans -- the only true Americans -- died on 9/11, because it's impossible for liberals to be heroes or patriots. Conservatives own 9/11.

Which explains why this post by New York liberal Paul Krugman was the worst thing ever:

What happened after 9/11 -- and I think even people on the right know this, whether they admit it or not -- was deeply shameful. The atrocity should have been a unifying event, but instead it became a wedge issue. Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror. And then the attack was used to justify an unrelated war the neocons wanted to fight, for all the wrong reasons.

A lot of other people behaved badly. How many of our professional pundits -- people who should have understood very well what was happening -- took the easy way out, turning a blind eye to the corruption and lending their support to the hijacking of the atrocity?

The memory of 9/11 has been irrevocably poisoned; it has become an occasion for shame. And in its heart, the nation knows it.

Friday, September 09, 2011

The Obama Jobs Plan Just Another Preemptive Cave-In

In case you haven't seen it, here's President Obama's jobs speech, here's the transcript, and here's the White House's bullet-point fact sheet on the plan.



You are now up to speed.

I, for one, remain less than enthused. But I take heart in the fact that Nobel Prize winner Paul Krugman is more excited about it than I am. He's not elated or even enthusiastic -- he calls it "a lot better than nothing" -- but he's apparently more impressed than I am. So I defer to the expert.

Wednesday, September 07, 2011

Obama Jobs Plan Modest, Already Compromised

Union workersIf early reports of President Obama's job speech are accurate and the choice for reinvigorating the economy is "go big or go home," it's looking like the President has opted to go home. As Paul Krugman pointed out a few days ago, the problem with the initial stimulus package wasn't that it was ineffective, but that it was too small to repair all of the damage caused by the Bush crash. In short, it may have saved us from a depression, but that's about all it was capable of doing.

So never let it be said that this administration is capable of ignoring past mistakes. If at first you don't succeed, try again -- fail better. When you need a hoist to lift the economy, get a stepladder and hope for the best. Still, it's not all bad.

Associated Press:

According to people familiar with the White House deliberations, two of the biggest measures in the president's proposals for 2012 are expected to be a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits. Together those two would total about $170 billion.

The people spoke on the condition of anonymity because the plan was still being finalized and some proposals could still be subject to change.

Monday, August 29, 2011

Calling the GOP "Anti-Science" is Being Generous

An angry Zeus casts thunderboltsAs a noted climatologist and expert on all things geological, Rep. Michele Bachmann can say with some degree of certainty that she knows what caused both Hurricane Irene and the earthquake that shook the east coast last week.

"I don't know how much God has to do to get the attention of the politicians," she told a crowd in Florida yesterday. "We've had an earthquake; we've had a hurricane. He said, 'Are you going to start listening to me here?' Listen to the American people because the American people are roaring right now. They know government is on a morbid obesity diet and we've got to rein in the spending." Let me just point out that the right is accusing President Obama of politicizing Irene, then move on.

Shelly's not politicizing Irene, though. She's just spelling out cold, hard facts. All this happened because God has an opinion on government spending in the US. Seems to me that a being capable of miracles would be able to be a lot more clear -- maybe writing "STOP SPENDING SO MUCH MONEY!" across the sky in fire. But never mind that; the guy who supposedly runs the entire cosmos has a problem with the ratio of revenues to expenditures in one of the world's two-hundred-fifty-some nations. Call him detail-oriented.

Of course, it pays to point out that Bachmann rejects climate science. "I don't think it has been established as a fact that global warming is the issue of the day," she said in 2010. "One thing we need to do is look at the science." Think about that for a second. The evidence isn't good enough for her to conclude that global warming in a man-made phenomenon, but the science is solid that an angry god causes earthquakes and hurricanes. Worse, it takes someone of great faith to decipher what these earthquakes and hurricanes actually mean. This is the sort of reasoning that gets virgins thrown into volcanoes.

Tuesday, August 02, 2011

The "Unbiased" Media Strikes Again

When I woke up this morning, I cracked open my paper and came across this simpleminded and asinine opinion piece, courtesy of the Wisconsin State Journal editorial board. Yay for the debt limit deal, they argue, because it proves that Washington still works, despite the best efforts of some imaginary, bipartisan obstruction patrol.

The ideologically-driven progressives on the far left and the rigid tea party crowd on the far right seem equally entrenched against building consensus around workable solutions.

But at some point, the relentless finger-pointing and blaming of "the other side" needs to stop so America's very real and complicated problems can be addressed in meaningful ways.


The first thing that popped into my mind was a quote from Paul Krugman. "The 'both sides are at fault' people have to know better; if they refuse to say it, it's out of some combination of fear and ego, of being unwilling to sacrifice their treasured pose of being above the fray," he wrote recently. "It's a terrible thing to watch, and our nation will pay the price."

Monday, August 01, 2011

The Lousy Deal

We've got a debt deal and it's just the best thing ever! Check out how super-excited the White House is about the whole thing. If we go to the White House website, we learn that it's a "Win for the Economy and Budget Discipline," that the deal "Removes Cloud of Uncertainty," and that the whole thing's a trip through Bipartisan Happy-Land, where gumdrops grow on sugarplum trees and everything is made wonderful by the magical power of Centrism. Yay!

Of course, if we talk to Mean Old Mister Knows-What-the-Hell-He's-Talking-About, then the magic seems to evaporate.

Crooks and Liars:

Nobel Prize winning economist Paul Krugman warned Sunday that proposed spending cuts in a deal to raise the nation's debt ceiling would end up hurting the economy.

"From the perspective of a rational person, we shouldn't even be talking about spending cuts at all now," Krugman told ABC's Christiane Amanpour. "We have nine percent unemployment. These spending cuts are going to worsen unemployment... If you have a situation in which you are permanently going to raise the unemployment rate -- which is what this is going to do -- that's actually going to reduce future revenues."

Wednesday, July 27, 2011

Giving the Center Finger to Centrism

Paul Krugman identifies a problem around which many other problems orbit. I hesitate to call it a "philosophy," because it's too reactionary to really qualify. But the correct word escapes me, so "philosophy" it is. It's the philosophy of those who believe with all their little hearts that the grass is always literally greener on the other side of the fence. It's a philosophy born of wishful thinking.

Watching our system deal with the debt ceiling crisis -- a wholly self-inflicted crisis, which may nonetheless have disastrous consequences -- it's increasingly obvious that what we're looking at is the destructive influence of a cult that has really poisoned our political system.

And no, I don't mean the fanaticism of the right. Well, OK, that too. But my feeling about those people is that they are what they are; you might as well denounce wolves for being carnivores. Crazy is what they do and what they are.

No, the cult that I see as reflecting a true moral failure is the cult of balance, of centrism.

Friday, July 15, 2011

You Can't Fight Crazy -- But You Can Vote it Out of Office

Example of teabagger math
I hate to say it, but part of me -- the "I told you so" portion of my brain -- wants the Republican Party to remain stupid, for the president to fail to convince them to come off the ledge, and for the US to default. This part of my brain feels that if we go over that cliff, Republicans (and the craziest Tea Party nuts especially) will have been proven wrong once and for all. After all the Tea Party, always more than happy to believe whatever horsecrap makes them more comfortable, is home to the idea of the default myth -- i.e., that if the debt ceiling isn't raised, the US won't default and anyone who says otherwise is just a commie spendthrift trying to scare you. My lizard brain thinks that when interest rates skyrocket, deficits get even worse, and unemployment goes through the roof, then they'll see...

But, of course, a more rational part of me knows that this is a fruitless hope. After all, didn't I just say that they believe whatever they want to believe? You can't convince them with proof. They'll just come up with some crazy argument that the US didn't default, that the administration held back its secret hoard of money to punish Republicans at the polls. When you're dealing with people who engage in magical thinking, "proof" is a meaningless word.

Unfortunately, it's looking more and more like the "I told you so" portion of my brain may get some satisfaction. As the August 2 deadline approaches, there are few signs that the nuts are becoming saner and that reality will finally sink in. And while that may not happen to the looniest Republicans, it's happening to their traditional backers and enablers.

Wednesday, May 25, 2011

Paul Ryan Cooks Up Electoral Disaster

Hochul in victory
Paul Ryan's plan to replace Medicare with a voucher system is bold. It's courageous. It's serious. At least, if you ask various talking heads and pundits -- something you should probably avoid doing. It's one of the great failings of the media that they avoid calling a spade a spade at every opportunity. If some pundit were to tell the truth about the Ryan budget -- what it really does, what it really costs, how necessary it actually is -- this would be "bias." And it would be bias because it would suddenly look very, very bad. TV journalism has now reached a low formerly occupied only by "entertainment news" shows, where they report movies' press packets nearly verbatim and pretend the movie studios aren't writing their "news" for them. Journalists report what people say about a policy proposal and somehow manage to avoid telling you what's in the proposal. Dems hate it, Republicans love it. Let's watch the fight! What's the fight actually about-- who cares?

In these cases, the only people you're going to get the skinny from are those who are paid to be biased -- or, at least, paid to be unafraid to appear biased. In this case, Nobel Laureate Paul Krugman fits the bill.

What I hope regular readers of this blog understand by now is that the Ryan plan is, in fact, a self-serving piece of junk. It doesn't add up -- in fact, it would probably make the deficit bigger not smaller. And far from representing some kind of sacrifice of political interests in the service of the greater good, it’s a right-wing wish-list on steroids: sharp tax cuts for corporations and the rich, savage cuts in aid to the poor, and a gratuitous privatization of Medicare. And again, it's technically incompetent along the way.

So nobility and seriousness had nothing to do with it.

Wednesday, May 11, 2011

Paul Ryan's "Messaging Problem"

Paul RyanThe problem with Rep. Paul Ryan's budget plan doesn't lie in its obvious flaws, but in the fact that the American public have become aware of its flaws. Things are so bad that Senate GOP aren't even going to address the Medicare "reform," because the whole idea is ballot box poison. The problem there is that, without those reforms, the whole thing is just a plan to increase the deficit.

So Ryan would rather tweak the advertising than fix his product.

The Hill:

Rep. Paul Ryan (R-Wis.) said Wednesday that Republicans are running into a "communications challenge" in selling their 2012 budget proposal to Americans.

Thursday, April 14, 2011

Reality-Based Budgeting

The budget deficit is a multi-generational problem. At least, that's the impression you get if you listen to some in Washington or pretty much any random talking head. If we don't get crazy with the budget scissors, our children and our grandchildren will pay the price. If we do nothing, the nation will be... I don't know, in flames or something.

But yesterday, Annie Lowrey at Slate crunched the numbers and found the real consequence of doing nothing -- eliminating the budget deficit in eight short years.

So how does doing nothing actually return the budget to health? The answer is that doing nothing allows all kinds of fiscal changes that politicians generally abhor to take effect automatically. First, doing nothing means the Bush tax cuts would expire, as scheduled, at the end of next year. That would cause a moderately progressive tax hike, and one that hits most families, including the middle class. The top marginal rate would rise from 35 percent to 39.6 percent, and some tax benefits for investment income would disappear. Additionally, a patch to keep the alternative minimum tax from hitting 20 million or so families would end. Second, the Patient Protection and Affordable Care Act, Obama's health care law, would proceed without getting repealed or defunded. The CBO believes that the plan would bend health care's cost curve downward, wrestling the rate of health care inflation back toward the general rate of inflation. Third, doing nothing would mean that Medicare starts paying doctors low, low rates. Congress would not pass anymore of the regular "doc fixes" that keep reimbursements high. Nothing else happens. Almost magically, everything evens out.


Thursday, April 07, 2011

GOP Utopia: Low Wages, High Unemployment

I'm tempted to wish Republican's balanced budget amendment was in force, because this bad idea would sink another bad idea. According to Jed Williams at Investors Business Daily, "Under the balanced budget amendment proposal unveiled last Thursday with all 47 GOP senators on board, the blueprint presented by House Budget Committee Chairman Paul Ryan on Tuesday would be unconstitutional until sometime after 2030."

But then I remember that the GOP's amendment is never going to go anywhere -- just like Paul Ryan's long-term budget. In fact, I have my doubts that either is even meant to survive. Constitutional amendments have to clear such a high bar that an actual movement is required to put them in place. Right now, the teabaggers seem to have all gone home and the only thing resembling a movement in this country is a backlash against draconian spending cuts in the states. I want to say the window of opportunity has closed, but the fact is that it was never even open.

Constitutional amendment proposals from Republicans tend to be vote-getting gimmicks to display how serious they are about the base's pet issues -- without actually being serious at all. Banning marriage equality, banning the rampant scourge of flag burning, and English-only amendments pop up all the time, only to die after being neglected even by their authors. These aren't fights Republicans are willing to have, these are fights Republicans are willing to pretend to have. A "stop me before I spend again!" amendment fits that description very well.

Monday, March 21, 2011

Republicans Repeal the Existence of Climate Change

Retro researcherGlobal warming is just some crap scientists made up to get that sweet, sweet grant money, right? Never mind that this money goes to the research, not the scientists themselves, so researchers would have nothing to gain here; it's obvious (to Republicans, at least) that scientists are pulling a hoax to get grant money, which allows them to spend their days researching something that doesn't exist. I guess because it's fun.

Well, the gravy train stops here. The House Energy and Commerce Committee on Wednesday voted climate change out of existence. Problem solved. Add it to the other huge problems facing our nation that the GOP is working hard to solve, like the microscopic fraction of federal money spent on NPR or making sure the words "In God We Trust" are plastered over every blank square inch of America. You know, all that important "fiddling while Rome burns" stuff.

Sean Pool, ClimateProgress:

House Republicans on the Energy and Commerce Committee demonstrated their commitment to science denial yesterday by unanimously voting down three separate amendments offered by Democrats to reaffirm basic facts about climate science. They then unanimously voted to pass the Upton-Inhofe bill to repeal the Environmental Protection Agency’s scientific endangerment finding on greenhouse pollution.