dagblog - Comments for "Don't Know Nothing About Economy..."

You have a very fecund

NCD — Sat, 01 Mar 2014 15:49:31 +0000

In reply to Potentially smaller if you

You have a very fecund imagination.

Potentially smaller if you

Michael Maiello — Sat, 01 Mar 2014 15:35:33 +0000

Potentially smaller if you imagine that the House Republicans would not have put Bush through the debt ceiling debates and the downgrade. Sure, he would have used a lot more tax cuts than direct stimulus but we know that deficits wouldn't have mattered to the the Republicans and we know Bush dealt with one recession by writing checks to people... It wouldn't have been the best way to go about things but however it was done, more would have been better than less and Bush would have gotten what he asked for.

I wonder what the deficit

Michael Wolraich — Sat, 01 Mar 2014 01:01:07 +0000

In reply to Don't Know Nothing About Economy...

I wonder what the deficit would be if we still had Bush's budget

That was a great piece from

Anonymous ncd — Fri, 28 Feb 2014 23:08:06 +0000

In reply to Don't Know Nothing About Economy...

That was a great piece from 2000.

Another ecnomist with great predictions is Stephen Moore, a long resume and frequent guest on NPR's Diane Rehm Show.

His 2004 book Bullish on Bush: How George Bush's Owenership Society Will Make America Stronger, with the odd but appropriate misspelling of 'Owenership' not 'Ownership' at Amazon, perhaps representing what was actually going on in America at the time...clearly unbeknowst to Moore at the time.

Stephen Moore's 2014 book is Crash Landing: How Bush, Bernanke, Pelosi and Obama Have Wrecked the U.S. Economy (And How to Salvage America's Future). Not sure this would be a guy I would want at the helm of my economic lifeboat. Interesting GWB is now 'bad' even though he cut taxes big time, did everything else they told him to do.

Moore is on the editorial board of the Wall Street Journal, been with Club for Growth, and now Chief Economist at the Heritage Foundation.

With all of these

Richard Day — Fri, 28 Feb 2014 22:48:07 +0000

In reply to Don't Know Nothing About Economy...

With all of these prognosticators, you would think that some would be punished when they are sooooo far off in their predictions!

Look, I am playing Texas Hold-em and I have four spades and an open ended straight and I'm all in and it turns out that I end up ALL-IN.

I'm in the stock market in '87 and I am sure ENRON is the proper road to go and well....

I decide that Fred's COFFEE MART is a good venue to become an entrepreneur and Star Bucks excells by selling 400 calorie junk.

But our politicians will tell us that war is the best bet in settling the Middle East and yet McCain wishes wars in Syria, Iran and now the Ukraine.

McCain never loses. (unless he runs for Prez of course in the worst year possible for a repub!)

Now folks like Morris really licked their wounds in 2012 and Rove is certainly having some problems with regard to his hundred million schemes.

On the other hand, we had a chance to deal with 'national debt' (whateverthehellthatmeans!) but the repubs took over in 2001 and said:

HEY, WE GOT A LOT OF MONEY TO PAY OUR CONTRIBUTORS AND WE MUST SPEND IT FAST BEFORE THE DEMS COME IN AND ATTEMPT TO HELP THE MIDDLE CLASS AND THE POOR...

So the repubs gave the middle class enough for toaster ovens whilst granting the 10% enough tax credits to purchase yachts and dope and pretty young girls!

As the Bard once said:

NOTHING IS REVEALED!

Thanks for the pointer. I

EmmaZahn — Fri, 28 Feb 2014 22:06:56 +0000

In reply to Don't Know Nothing About Economy...

Thanks for the pointer. I found the pamphlet online but am too distracted at the present to read it but hope to get to it soon.

Life Without Treasury Securities