I must have a mental illness. I see a Paulie K. column and I’m repulsed, but yet, I cannot look away. Today our gutter economist is once again lamenting inaction by the government:
The latest economic data have dashed any hope of a quick end to America’s job drought, which has already gone on so long that the average unemployed American has been out of work for almost 40 weeks. Yet there is no political will to do anything about the situation. Far from being ready to spend more on job creation, both parties agree that it’s time to slash spending — destroying jobs in the process — with the only difference being one of degree.
Stimuli I & II were unprecedented in American economic history and were abject failures. Paulie solution is to fail on a grander scale.
Nor is the Federal Reserve riding to the rescue. On Tuesday, Ben Bernanke, the Fed chairman, acknowledged the grimness of the economic picture but indicated that he will do nothing about it.
QE I & II (quantitative easing), where the Feds tried printing huge amounts of worthless paper and dumping it into the economy has been described as “monetary porn”, “dollar conjuring”, and “a practice resembling drinking poison to quench thirst.” Whatever you want to call it, it has devalued the dollar and probably pushed us closer to runaway inflation.
And debt relief for homeowners — which could have done a lot to promote overall economic recovery — has simply dropped off the agenda. The existing program for mortgage relief has been a bust, spending only a tiny fraction of the funds allocated, but there seems to be no interest in revamping and restarting the effort.
He calls it “debt relief for homeowners”. I call it rewarding bad behavior. Affirmative action for loan defaulters. I quit reading after that. Even I have limits to my self-abuse.
Did you read the article?
So who is Paulie K?
#15 Adee
Yet another kind and tender hand saves a small harmless critter. Good work, Adee!
Ooops, the last two paragraphs belong on the OC thread. But it would be a shame to have them anywhere near the Weiner Factor. Shudder
Good afternoon all. So Paulie K is off his meds again at the NYT, which is not new. Now the NYT should have to send a case of Pepto to everyone who subscribes to their rag to compensate for the upset guts their star causes. 😉 But since the rag is suffering subscriber dropoff, guess they can send only half… Read more »
Hamous,
There are times when you and I do not agree, but this is not one of them. I too suffer from PK Syndrome and get violently ill when reading the delusional musings of Dr Krugman.
He has distorted his craft to fit his leftist philosophy. Luckily, even Obama can’t stand the guy.
Simple
FM 912 is the short, looping FM road which leads to Washington-On-The-Brazos State Park where I often take lunch. The approach to the park from the South has some beautiful ranches and some historic plantation homes. The Northern approach has some crack house neighborhoods. Last time I re-serviced a meter in the hood, the deputies showed up after I left… Read more »
#10 Squawkie
Aw, you’re a ’10’ in my book. 🙂
This is a cross post from today’s Open Comments thread: A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order. “In our opinion, the United States has already been defaulting,” Guan Jianzhong, president of Dagong Global Credit Rating… Read more »
Looks like this is the only way i will ever be a ten.
10th
HAH
Some 37% of all net new American jobs since the recovery began were created in Texas. … The Texas economy has grown on average by 3.3% a year over the last two decades, compared with 2.6% for the U.S. overall. Yet the core impulse of Obamanomics is to make America less like Texas and more like California, with more government,… Read more »
That time again to slip on the cast irons and double up on um.
h/t Drudge
#2 SD: I have been hearing about that as well on the radio, but have not seen anything on FOXNEWS and I don’t waste time watching other so-called news shows. If the descriptions of the event on the radio are true, there are some cops that need to be fired for criminally crappy investigations. Further, if the accounts are true,… Read more »
Whoa, I was faked out too 🙂
That GJT, trying to make it seem like he was already here…
Good move. It always amazes me how “smart” people can be such morons. We joke about zombies, but I’m of the honest opinion that blatant stupidity will be what brings an end to the human race.
You came in the wrong door SD, everybody’s in the living room. 😀
Have you seen this;
Is Military Cadet Suing Patti LaBelle the Victim of Celebrity Power Trip?
It’s been on the radio for a few days. Sad indeed.
Oh and Paul Krugman is an IDIOT!!
TGIF!!
Mornin’ Gang
Did you read the article?
So who is Paulie K?
#15 Adee
Yet another kind and tender hand saves a small harmless critter. Good work, Adee!
Ooops, the last two paragraphs belong on the OC thread. But it would be a shame to have them anywhere near the Weiner Factor. Shudder
Good afternoon all. So Paulie K is off his meds again at the NYT, which is not new. Now the NYT should have to send a case of Pepto to everyone who subscribes to their rag to compensate for the upset guts their star causes. 😉 But since the rag is suffering subscriber dropoff, guess they can send only half… Read more »
Hamous,
There are times when you and I do not agree, but this is not one of them. I too suffer from PK Syndrome and get violently ill when reading the delusional musings of Dr Krugman.
He has distorted his craft to fit his leftist philosophy. Luckily, even Obama can’t stand the guy.
Simple
FM 912 is the short, looping FM road which leads to Washington-On-The-Brazos State Park where I often take lunch. The approach to the park from the South has some beautiful ranches and some historic plantation homes. The Northern approach has some crack house neighborhoods. Last time I re-serviced a meter in the hood, the deputies showed up after I left… Read more »
#10 Squawkie
Aw, you’re a ’10’ in my book. 🙂
This is a cross post from today’s Open Comments thread: A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order. “In our opinion, the United States has already been defaulting,” Guan Jianzhong, president of Dagong Global Credit Rating… Read more »
Looks like this is the only way i will ever be a ten.
10th
HAH
Some 37% of all net new American jobs since the recovery began were created in Texas. … The Texas economy has grown on average by 3.3% a year over the last two decades, compared with 2.6% for the U.S. overall. Yet the core impulse of Obamanomics is to make America less like Texas and more like California, with more government,… Read more »
That time again to slip on the cast irons and double up on um.
h/t Drudge
#2 SD: I have been hearing about that as well on the radio, but have not seen anything on FOXNEWS and I don’t waste time watching other so-called news shows. If the descriptions of the event on the radio are true, there are some cops that need to be fired for criminally crappy investigations. Further, if the accounts are true,… Read more »
Whoa, I was faked out too 🙂
That GJT, trying to make it seem like he was already here…
Good move. It always amazes me how “smart” people can be such morons. We joke about zombies, but I’m of the honest opinion that blatant stupidity will be what brings an end to the human race.
You came in the wrong door SD, everybody’s in the living room. 😀
Have you seen this;
Is Military Cadet Suing Patti LaBelle the Victim of Celebrity Power Trip?
It’s been on the radio for a few days. Sad indeed.
Oh and Paul Krugman is an IDIOT!!
TGIF!!
Mornin’ Gang