December 11, 2012

Tuesday Off-Topic (Moderated) Open Thread (121112)

Filed under: Lucid Links — Tom @ 6:05 am

Rules are here. Possible comment fodder may follow later. Other topics are also fair game.




  1. All you need to know about “LET IT BURN”

    I agree, it’s time bring this lunacy to an early end, better now than later when it will be far worse.

    Comment by dscott — December 11, 2012 @ 7:47 am

  2. Since His First Day in Office Barack Obama Has Hired 101 New Federal Employees on Average Each Day

    Comment by dscott — December 11, 2012 @ 7:58 am

  3. Steve Keen – Lessons On The Fiscal Cliff From The 1930s

    Private debt and government debt are independent, but affect each other.

    Both boost demand in the economy when they rise, and reduce it when they fall.

    Private debt is more important than public debt because it is so much larger, and it drives the economy whereas government debt reacts to it

    The crisis was caused by the growth of private debt collapsing.
    Government debt rose because the economy collapsed, and it reduced the severity of the crisis.

    A premature attempt to reduce government debt through the fiscal cliff could trigger a renewed bout of deleveraging by the private sector, which could push the economy back into a recession.

    For the foreseeable future, the main challenge of public policy will be not reducing government debt, but managing the impact of the much larger “Rock of Damocles” of private debt that hangs over the economy.

    This is what passes for liberalism. Never mind the tax increases FDR plopped on the economy during this time period and never mind the economy killing regs that discouraged job creation. They never learn because they never can admit their mistakes.

    Comment by dscott — December 11, 2012 @ 8:24 am

  4. Rick Jones, Michigan Lawmaker, Says State Should Consider ‘Dissolving’ Detroit

    Comment by dscott — December 11, 2012 @ 8:58 am

  5. #3, Is that Keen guy a liberal or is he making fun of liberals?

    Comment by zf — December 11, 2012 @ 9:01 am

  6. #5, Bahaahaa. the statements made seem to be so ludicrous that you would think a sarcastic joke is being made. But just to settle the issue of Keen’s political stripe read the 2nd and 3rd paragraphs of his paper.

    I can’t copy and paste since the format is designed to defeat that function. The imbed of the paper is there in the article. My opinion Keen is a flaming liberal.

    Now if you want to know the real reason FDR caused a double dip in the Depression check out the Heritage Foundation:

    Hoover, FDR and Clinton Tax Increases: A Brief Historical Lesson

    Other FDR related stuff –

    BTW – I believe I found the root of Obama’s tax the rich campaign strategy and paying taxes:

    NOVEMBER 20, 2008
    New Deal Taxes: Four Things Everyone Should Know
    Joseph J. Thorndike

    Lesson #3: If you want progressive tax reform, talk a lot about tax avoidance. FDR sometimes frankly made the case for the redistribution of wealth (although he usually framed it as an attempt to thwart the concentration of wealth — a subtle but crucial difference). More often, however, he focused instead on the evils of tax avoidance. Americans respond well to the suggestion that everyone should pay their fair share. Demonstrate that some people are not, and voters will rally to your cause.

    Sound familiar? Thus we now have an effective response knowing the basis of the Dem Talking Point.

    -Paying your fair share of taxes is what the politically favored do not. i.e. the green industry, GE pays no taxes AT ALL.
    -Tax Avoidance is what everyone does when government insists on spending with no accountability OR when they have been given Carte Blanche by the government do something politically correct.
    -The demand for a tax increase is an admission of fiscal incompetence for failing to manage ever increasing unsustainable programs that do not contribute to the improvement of society. Food Stamps/SNAP do not benefit the poor other than satisfying their belly today, because government policy is causing people to become unemployed. The mitigation of government incompetence is not a solution to the problem they created. Mitigation policies serve only to reward government incompetence.

    Comment by dscott — December 11, 2012 @ 11:23 am

  7. #6, Wow. Those statements are so unbelievably absurd I really thought they had to be facetious.

    In regards to the tax thing, I think you have something there. For instance, note how Obama and other libs often refer to legitimate tax deductions as “loopholes.” Of course, unlike deductions, the term loopholes implies cheating and avoidance.

    Comment by zf — December 11, 2012 @ 6:09 pm

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