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Michael Maiello's picture

Death Watch

I never even know even the most scant details about most death penalty cases and that I only  take notice when one makes the national news -- that's sad.  In a lot of ways, that's understandable, but it's also, given the magnitude of the punishment that society is about to deliver, unforgivable.

It's also, at least by my watching of CNN over the last hour, very disturbing to me as an observer of human evolution.  This "death watch" coverage is very bread and circuses. 

If I can be Stone Column Punk about it:

Michael Maiello's picture

The U.S. Will Never Pay Off Its Debt (Update)

So, when I posted this, it looked as if my column, "The U.S. Will Never Pay Off Its Debt" would not be published.  I had hoped that by posting it here, you guys would ferret out its flaws for me.  But, instead, it was well received, which made me think, "darn it, this should be published."  The Daily now seems to agree.

But, they'd also like me not to scoop my own column, in the event that we run it next week.  So, I'm taking the draft down, but leaving the very good thread intact.  Thank you all for the help on this.  I thought I was losing my mind.


Michael Maiello's picture

Open Spaces

It's rare that I praise Nicholas Kristof because, most of the time, he typifies the kind of "conventional wisdom of the TED Conference" type that I just can't stand.  You know, the pro-globalization, let's let a blue ribbon panel of tech billionaires and former maverick politicos solve all of our problems, bunch.  The Bloombergians.  Oh wait, but I'm not here to bury Kristof but to praise his column, "We're Rich (In Nature)."

Michael Maiello's picture

Capitalists Starting To See The Truth

Investor Jeremy Grantham, well known for years and around the world (he manages more than $100 billion) has recently come around to the idea that some mortgage debt forgiveness might be necessary.  Given that Grantham invests in bonds from time to time, this is amazing stuff.  Bond investors hate the idea of debt forgiveness.  They usually prefer "debt repayment at all costs, or I get to take your stuff."  I recommend reading Grantham's latest letter to clients, which you can find here, or perhaps my

Michael Maiello's picture

I'm Ron Burgundy?

He has the hair.  He doesn't know anything about science or history.  He likely misuses the phrase, "when in Rome."  My column for The Daily this week is about Rick Perry, the conservative superstar and great Republican hope of the moment who reminds me entirely of Ron Burgundy.

Michael Maiello's picture

Tax The Poor!

The media is so allergic to common sense these days that nobody has reported on the obvious implications of the Republican complaint that nearly half of Americans had no income tax liability in 2010.  Republicans want to raise taxes on the poor.  This is the subject of my column in The Daily this week.

Michael Maiello's picture

Things To Like About Conservatives

Playing Diogenes, good ol' jollyroger asked us to name some respectable conservatives.  It's a tough game because they all have sins.  I used to cite William Buckley as a personal favorite for his general tone and writing style, but would always be confronted with the crass and ignorant things the guy said about homosexuals in response.  From our lens, none of them are perfect.

Michael Maiello's picture

People Who Want To Hurt US

My column for The Daily today is about the S&P downgrade and its effects but, beyond that, it's about an undercurrent of belief in the U.S. that we should be collectively punished for the sins of borrowing and profligate spending.

There's actually a whole school of "hard money" economics adherents, known as the "Austrian School," that believes this very explicitly.  They see stimulus packages, quantitative easing, Keynesian money printing and other Federal Reserve tactics as ways of avoiding necessary economic pain.  Ron and Rand Paul are in this camp.  They believe that you deal with high unemployment or stagnant wages or even inflation by... living with it.  These are the necessary results of speculative bubbles that you never should have let happen in the first place and if you'd just let the supply of gold be the disciplining factor in economic life, you wouldn't have had these problems in the first place.  I tend to believe that if we did that we'd still be living in 15th century conditions, but that's another story.

Michael Maiello's picture

What Obama Sacrificed

I see over at Swampland today that likely casualties of the budget deal include the long-term unemployed (who are unlikely to get another extension of unemployment benefits) and, of all things during a time when we're encouraging people to get more education to be better at their jobs, graduate students, who will lose the ability to take out federally subsidized loans.  One can only hope that pulling subsidies for those loans will eventually bring the costs of graduate schools dow

Michael Maiello's picture

It's Not About The Right and The Left

I just watched Claire McCaskill make a ridiculous statement on "Meet The Press," where she accused the "extremes" on the right and left of dominating the current economic debate and called for new and louder moderate voices of compromise.

The left has had no voice in this debate whatsoever.  Claire McCaskill doesn't speak for the left. President Obama barely allows himself to speak to the left, much less for it.  Bernie Sanders is not even a loud voice in the economic debate.


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