…really make me laugh, in a good way! This Hobbit thanks you for your always entertaining posts.

thanks you for your always entertaining (but informative)posts!

Can they relieve themselves at the grave site.

Today has just been horrible. Thanks for helping me to end it on a more positive note.

However, like any weed, we will have to be viligant and keep stomping out regrowth of this pernicious ‘theory’.
Rentseekers will not go away quietly. Hopefully we can make significant progress ridding ourselves of crony capitalism.

for Organized Crime. They find one tenet of one economic theory from one economist and use it as a license to loot the Treasury.

Michael Tomasky at The Daily Beast:

This is the lowest moment of Obama’s presidency. It makes Bill Clinton signing of the welfare reform bill of 1996 look like the founding of the Peace Corps. Even the things he supposedly got out of this deal could vaporize. Defense cuts on par with domestic cuts? After the military contractors’ lobbyists get to work? I’ll believe that when I see it. Of course Obama did get one concession: no second debt-ceiling vote until 2013. By which time, if he doesn’t fundamentally change his way of doing business, he may very well be in retirement.

Apparently, the low point of a Democrat’s term is a political loss to the other party, no matter how beneficial to the country as a whole that “loss” may be. I mean really, Clinton’s low point wasn’t somewhere between wagging a finger and surviving impeachment, but was signing a Republican initiative?

“good politics” vs. good policy indeed.

(found this in a Dave Swindle post at the Tatler: http://pajamasmedia.com/tatler/2011/08/01/how-to-respond-to-leftists-crying-about-obamas-capitulation-on-the-debt-deal/#comments)

…I understand that you have quite a resume, and a Nobel prize (of course the value of THAT honor has been recently downgraded), but…

ARE YOU A TOTAL IDIOT? What do you mean the government didn’t spend enough money???

THERE IS NO MONEY!!!

Neo-keynesianism is alive and well here at Red State, as can be seen any time one of us criticizes central banking.

is the academic equivalent to acquittal for murder. The accused can stand on the courthouse steps, bragging about how he killed his victim, dismembered the corpse and fed it to his friends and family for Christmas dinner all without without fear of reprisal from the state.

In Krugman’s case, he gets to publish his blather on the pages of the ‘Newspaper of Record’ as if it were The Gospel and should be accepted without question. After all, HE has a Nobel Prize in Economics.

It’s a good thing he never offered his services to any publicly held company.

of this, Moe has effectively pointed it out. The Tea Party has changed the narrative, which is a step in the right direction. People everywhere are talking about reducing spending and cutting the size of government.

What we need now are the leaders in Washington to act on this narrative, without using cheap accounting gimmicks. We need to do some serious house-cleaning if we are to accomplish this goal.

http://www.realclearmarkets.com/articles/2011/07/29/the_failure_of_central_planning_lite_99155.html

Federal spending up by hundred of billions, minimal reductions short term, the only ones that count, and a government apparatus that has bloated beyond imagination,with nothing to show for it. Why complain? Probably because for now enough Americans have not been pauperized, give them time.
The message is that these people want it all, with no imaginable limits to their voraciousness.

Being undead, it makes them difficult to kill. After all, once Reagan was re-elected you would have thought Keynesianism would have been dead and buried then, but I guess we didn’t quite chop its head off that time.

in anyones mind (the public) that keynesian economics is a road to ruin if:
The Reps win the senate and WH in 2012
We immediately restructure and simplify the tax code (lowering the rates and broadening the base) COUPLED WITH drastic federal spending reductions and giving power back to the states.
That one action alone would cause an economic boom in the US of historical proportions. Business would come alive, unemployment would be drastically reduced.
Oh, but wait. Immediately before we do this, we need to send the repeal of Obamacare to the senate and FINISH IT OFF.
Soon afterward, we could easily pass one of our bills that would actually reduce health care costs