Nice headline. Because if you’re not status quo, you’re a kook, unelectable, an outsider, crazy, etc. And once you overcome that, you’re a bully.
Tag Archives: Big Media/Big Tech
bloomberg article in praise of Marx
Policy makers struggling to understand the barrage of financial panics, protests and other ills afflicting the world would do well to study the works of a long-dead economist: Karl Marx. The sooner they recognize we’re facing a once-in-a-lifetime crisis of capitalism, the better equipped they will be to manage a way out of it.
(more on bloomberg.com)
. . . . because economics is just an opinion, and all opinions are equally valid.
No, Paul Krugman, WWII Did Not End The Great Depression
Wow! Can’t believe this is making it into mainstream publications!
It’s a recurring fantasy for left wing academics fascinated by central planning that in cyclical downturns government should act decisively on a scale equivalent to war. Nobel Prize recipient Paul Krugman exemplifies this intellectual longing to steer our lives.
Krugman effortlessly slides into a war footing espousing intervention comparable to America’s crusade against Hitler, who, take note, centrally planned an economy himself:
“World War II is the great natural experiment in the effects of large increases in government spending, and as such has always served as an important positive example for those of us who favor an activist approach to a depressed economy.”
After WWII until its glaring failures manifest in the Seventies, Keynesianism inundated economic thought. Paul Samuelson’s textbooks became mainstays across the academy. Samuelson championed mathematical analysis, which transformed macroeconomics into a pseudo science spawning waves of budding planners infatuated with statistics.
From this basis the myth prevails that WWII finally overcame the Great Depression. History has revised Hoover, easily the most meddlesome peacetime president before FDR, into a laissez-faire reactionary. The New Deal – a disastrous example of everything not to do during downturns became beneficial, only it supposedly wasn’t aggressive enough. (Read more from forbes.com)
Public Media Feedback — top 5
Paul Krugman Wishes Earthquake was More Destructive
Paul Krugman takes the broken window fallacy to a entire new level. Following today’s earthquake Krugman writes:
People on twitter might be joking, but in all seriousness, we would see a bigger boost in spending and hence economic growth if the earthquake had done more damage.
Wow! Pretty much all of modern American libertarianism in a 1-hour rant:
. . . at least from an activist point of view.
Superhero Paul Krugman Saves World from Imaginary Alien Invasion!
Ron Paul got ‘shafted’ by the media: Politico’s Roger Simons
Politico’s chief columnist, Roger Simon, on Monday accused the media of under-reporting Congressman Ron Paul’s significant achievement in the Ames Straw Poll.
Paul came in second place in the Ames Straw Poll, with 4,671 votes, barely falling below Congresswoman Michele Bachmann’s 4,823 votes. But the media has almost exclusively focused on Bachmann and other Republican presidential candidates, despite Paul having only 152 less votes than the congresswoman.
“I admit I do not fully understand Ron Paul and his beliefs,” Simon said. “But I do understand when a guy gets shafted, and Ron Paul just got shafted.”
“If Bachmann’s victory at Ames was good enough to gain her enormous publicity and top-tier status, why was Paul’s virtual tie good enough only to relegate him to being ignored?” he asked. (Read more from rawstory.com)
Jon Stewart Defends Ron Paul & Exposes The Blatant Media Bias
Stop Coddling Warren Buffet
So, the left is positively drooling over Warren Buffett’s recent NY Times column Stop Coddling the Super-Rich in which he writes My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice..
Even if we killed everyone who earns over $250k and took all their money (something similar had been attempted in the Soviet Union), it would only pay for a few weeks of the 2011 budget. You can also apply a 100% tax on all fortune 500 companies, end the wars in Iraq and Afghanistan, and still be no where close to affording our government. There’s a great illustration of this here.
There’s also the great reply Stop Coddling Warren Buffett from the Washington examiner:
As most of the media goes gaga over Billionaire Obama fundraiser Warren Buffett calling for tax hikes, (like he did in 2001, and 2004, and plenty of times in between), let’s remember a few things.
Buffett Profits from Taxes He Supports
Buffett regularly lobbies for higher estate taxes. He also has repeatedly bought up family businesses forced to sell because the heirs’ death-tax bill exceeded the business’s liquid assets. He owns life insurance companies that rely on the death tax in order to sell their estate-planning businesses.
Buffett Profits from Government Spending.
Buffett made about a billion dollars off of the Wall Street bailout by investing in Goldman Sachs on the assumption Uncle Sam would bail it out. He also is planning investments in ethanol giant ADM and government-contracting leviathan General Dynamics.
If your businesses’ revenue comes from the U.S. Treasury, of course you want more wealth.
Declassified Massive Israeli manipulation of US media exposed
Downgrading Liberalism
Planet Moron: Historic Deficit Cutting Deal Q&A
Given the historic nature of this week’s historic agreement to cut federal spending historically, we thought it would be useful to provide you with a FAQ on the deal:
. . . .
Q: Yes, but how severe?
A: So severe, you could even say they were sharp.
Q: Could you put a number on that?
A: Sure, the initial cuts amount to $917 billion!
Q: Well, that’s not too bad, but we’d still run a deficit next year.
A: That’s not $917 billion next year, that’s $917 billion over ten years.
Q: That’s barely $90 billion for 2012, then.
A: More like $22 billion next year. The really historic, sharp, severe cuts take place much later.
Q: This doesn’t sound very convincing.
A: Just take a look at this chart and you’ll understand.
Q: I thought you said there were cuts.
A: There are! Look at them. We’re not sure how we’re supposed to run a government with cuts like these.
Murdoch’s Times of London famine cartoon ‘most offensive’ thing yet?
“Obama Has Legitimized & Normalized Policies A LOT Of People On The Left Called Immoral Under Bush”
And the media reports the White House spin uncritically.