Dear Progressives: You’ve been had …
Posted: August 15, 2009 Filed under: Health care reform, Surreality, Voter Ignorance | Tags: Bill Clinton, Howard Dean, Netroots Nation, Valarie Jarret Comments Off on Dear Progressives: You’ve been had …
Not at NetRoots but close
I’ve been busy getting the youngest back to University and entertaining a friend as well as trying to get my own stuff together for semester’s start so I didn’t go to Netroots and I haven’t followed it very closely. Just got back in from a day of driving way too many places to see two headlines that juxtapose nicely. First, is at HuffPo and the headline is “Valarie Jarret Heckled and Hissed at Netroots Nation”. The other is from Politico and that headline is “Party leaders prepare liberals to accept a health care reform deal”. Do you think we need to play connect the dots? Sure you do!!!
So, we’ve known for some time that this is the health care reform plan that really isn’t about health care or reform. Now, we’re being asked to bend over, open wide and … well, you catch my drift. I’m not about to take one for Howard Dean or the Gipper, Gypper, POTUS, whatever. I’ll admit to being a fully recovered Deaniac. That’s my story and I’m sticking to it. Here’s Politico’s story.
After the toughest week yet for health reform, leading Democrats are warning that the party likely will have to accept major compromises to get a bill passed this year – perhaps even dropping a proposal to create a government-run plan that is almost an article of faith among some liberals.
With August dominated by angry faces and raised voices at town hall meetings, influential Democrats began laying the groundwork for the fall, particularly with the party’s liberal base, saying they may need to accept a less-than-perfect bill to achieve health reform this year.
“Trying to hold the president’s feet to the fire is fine, but first we have to win the big argument,” former President Bill Clinton said Thursday at the Netroots Nation convention, a gathering of liberal activists and bloggers who will prove most difficult to convince. “I am pleading with you. It is OK with me if you want to keep everybody honest. . . . But try to keep this thing in the lane of getting something done. We need to pass a bill and move this thing forward.”
“I want us to be mindful we may need to take less than a full loaf,” he said after recounting the political troubles that followed his failed reform effort in 1994.
It won’t be an easy sell. Even former national party chairman Howard Dean this week threatened Democrats who don’t support the public insurance plan with the prospect of primary challenges – the first rumblings of what could devolve into a Democratic civil war over health care.
So, how’s that sitting with the Netroots folks? They may have been polite to the Big Dawg and the Big Scream, but Valarie Jarett didn’t fare too well. It was a hootin’ and hollerin’ time up there in Pittsburgh! Why, you’d have thought it was just another town hall meeting with a bunch of Beck and O’Reilly acolytes! Do you suppose there were some sino-peruvian-lesbian plants up there or has some one finally awakened to the smell of bad milk in their cafe latte? Again, this was reported by HuffPo.
On Saturday morning, one of the president’s closest advisers, Valerie Jarrett addressed the Netroots Nation conference in Pittsburgh. And while attendees were largely supportive throughout the question and answer session, the reception was warm at best. The defining moment, in fact, came when Jarrett was hissed and heckled.
Roughly midway through the session, Jarrett was pressed to explain why the President was “continuing so many of [Bush’s] policies many of which he criticized as candidate Obama.” Knowing the mood and makeup of the audience – largely progressive activists from across the country – she acknowledged off the bat that it was “a fair question.” But from there, things grew a bit rough.
Jarrett defended the work Obama has done outlawing torture, and releasing Office of Legal Counsel memos detailing how such interrogation practices came to be. At that point, a protester in the audience screamed out a question about why the White House was trying to keep additional photographs of detainee abuse from becoming public.
“I heard somebody shout out about the pictures,” Jarrett replied. “Everybody knows what’s in those pictures. And this is where it gets very delicate and I know it is a touchy subject for this audience. But what he is trying to balance as president, is keeping us safe, not giving ammunition to people who already have ample ammunition from what they’ve seen before to be adverse to us.”
More shouts and protests followed. “I can’t hear you,” Jarrett said. “You know what you’ve got to do? You’ve got to figure out a way to get your question on here [pointing to the computer on stage that was receiving emails from questioners]. We are not going to have shout outs from the audience.”
Wow! Are the folks at Netroots part of the mob now? Have some of them finally realized that if they don’t cooperate with the current meme there’s a place for them under that big ol’ bus the rest of us were thrown under during the primary last year? Are they really willing to sell out every single item on the liberal/progressive agenda for enhanced status quo? Are these possibly those chickens we kept hearing about? Are they finally coming home to roost? And, do you think it’s too late to get some REAL health care reform out while we’re at it?
Listen, Netroots, POTUS said he wouldn’t sign anything that didn’t include a public option. Are you going to join us to hold him accountable for those words or are you going to cave into this pressure to win one for the Gipper or is that the Gypper?

Drink up and make room for Netroots Nation Under the Bus!!!!
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When Deficits Matter …
Posted: August 11, 2009 Filed under: Global Financial Crisis, The Great Recession, The Media SUCKS, U.S. Economy, Voter Ignorance | Tags: Automatic Stabilizers, Bill Clinton, Deficit Spending, Dick Cheney, fiscal policy, Government expenditures, J.M. Keynes, The New Deal Comments Off on When Deficits Matter …
There’s a lot of misunderstanding in popular culture (most started during the Reagan years) about deficit spending and the public debt. Deficits tend to increase naturally during bad economic times due to what we economists call automatic stabilizers. These are spending programs (most of which were built into the economy during the New Deal) that adjust as the business cycle changes. Taxes naturally go down during a recession because less people are making money and business earn less revenue and sell less. Government expenditures go up because people rely on unemployment insurance and other government programs more during bad economic times.
Then, there is discretionary fiscal policy that the government undertakes to offset the business cycle. The Keynesian framework suggests that the government should deficit spend by increasing its direct spending or lowering taxes during bad economic times and then quit spending and decreasing taxes during good times.
Neo-Keynesian economists (like me) never suggest running perpetual deficits which build up our government debt over time. The debt accrues interest and it can eventually become a substantial part of current government outlays if the interest rates are high enough or the debt becomes a big enough percentage of current output (GDP). A huge deficit and/or debt can eventually impact a growing economy. We appear to be on the path to that result now.
The “deficits don’t matter” meme that came from the likes of vpResident Evil Dick Cheney is anathema to neo-Keynesians despite Republican falsehoods to the contrary. It’s pretty much why we saw Democratic President Bill Clinton try to address the excesses of the Reagan Administration (the real tax and spend president of the 20th century) during his administration. The deficit management program during the Clinton years was very much in keeping with what neo-Keynesians believe is a responsible approach to fiscal policy. When the economy is good, you increase taxes to suppress the tendency for the economy to create inflation and you take advantage of the incoming revenues to lower the debt and run a surplus.
The surplus does double duty since it is essentially “government saving”. It takes the government out of the bond markets and provides more money for the private sector to grow. Hence, there is a role for surpluses during boom times. Government surpluses tend to funnel money to private business and suppress any inflationary pressures in a fast growing economy. Plus, they can be banked in rainy day funds to be spent during bad economic times.
So, that’s the Keynesian fiscal policy theory in a tiny nut shell.
So what does this mean? It’s a link to a Reuters piece called “Obama to raise 10-year deficit to $9 trillion”.
The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.
The higher deficit figure, based on updated economic data, brings the White House budget office into line with outside estimates and gives further fuel to President Barack Obama‘s opponents, who say his spending plans are too expensive in light of budget shortfalls.
The White House took heat for sticking with its $7.108 trillion forecast earlier this year after the Congressional Budget Office forecast that deficits between 2010 and 2019 would total $9.1 trillion.
“The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year,” said the administration official, who is familiar with the budget mid-session review that is slated to be released next week.
“Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out.”
The first thing I’m hoping it means is that the Obama administration is going to quit putting out rosier-than-rosy scenarios (and even more hopefully, quit using them for fiscal policy decisions). In other words, my fervent prayer is that they’re getting real. Second, it means this:
Record-breaking deficits have raised concerns about America’s ability to finance its debt and whether the United States can maintain its top-tier AAA credit rating.
Politically, the deficit has been an albatross for Obama, a Democrat who is pushing forward with plans to overhaul the U.S. healthcare industry — an initiative that could cost up to $1 trillion over 10 years — and other promises, including reforming education and how the country handles energy.
Why, after years of deficit spending by federal government, are we in danger of becoming a developing nation? Why are we seeing a continuation of what is essentially, Reaganomics (a failed economic hypothesis, but a popular ideological and political meme) instead of retreat to the proven theories of macroeconomics?
Bill Clinton is a PUMA!
Posted: June 28, 2008 Filed under: Uncategorized | Tags: Bill Clinton, Bill Clinton is a PUMA, DNC NO UNITY, JUST SAY NO OBAMA, No Obama, OBAMA NO DEAL, PUMA 83 CommentsFrom the UK Telegraph:
Bill Clinton says Barack Obama must
‘kiss my ass’ for his support
Bill Clinton is so bitter about Barack Obama’s victory over his wife Hillary that he has told friends the Democratic nominee will have to beg for his wholehearted support.
APBill Clinton is still very bitter that Barack Obama beat his wife HillaryMr Obama is expected to speak to Mr Clinton for the first time since he won the nomination in the next few days, but campaign insiders say that the former president’s future campaign role is a “sticking point” in peace talks with Mrs Clinton’s aides.
The Telegraph has learned that the former president’s rage is still so great that even loyal allies are shocked by his patronising attitude to Mr Obama, and believe that he risks damaging his own reputation by his intransigence.
A senior Democrat who worked for Mr Clinton has revealed that he recently told friends Mr Obama could “kiss my ass” in return for his support.
A second source said that the former president has kept his distance because he still does not believe Mr Obama can win the election.
Mr Clinton last week issued a tepid statement, through a spokesman, in which he said he “is obviously committed to doing whatever he can and is asked to do to ensure Senator Obama is the next president of the United States “.
Mr Obama was more effusive at his unity event with Mrs Clinton on Friday, speaking fondly of the absent former president, who attended Nelson Mandela’s birthday celebrations in London instead. The candidate told the crowd: “I know how much we need both Bill and Hillary Clinton as a party. They have done so much great work. We need them badly.”
But his aides said he has so far concentrated on cementing relations with Mrs Clinton first. They say they are content to let relations with Mr Clinton thaw gradually.
It has long been known that Mr Clinton is angry at the way his own reputation was tarnished during the primary battle when several of his comments were interpreted as racist.
But his lingering fury has shocked his friends. The Democrat told the Telegraph: “He’s been angry for a while. But everyone thought he would get over it. He hasn’t. I’ve spoken to a couple of people who he’s been in contact with and he is mad as hell.
“He’s saying he’s not going to reach out, that Obama has to come to him. One person told me that Bill said Obama would have to quote kiss my ass close quote, if he wants his support.
“You can’t talk like that about Obama – he’s the nominee of your party, not some house boy you can order around.
“Hillary’s just getting on with it and so should Bill.”
Another Democrat said that despite polls showing Mr Obama with a healthy lead over Republican John McCain, Mr Clinton doesn’t think he can win.
The party strategist, who was allied to one of the early rivals to Mr Obama and the former First Lady, said Mr Clinton was “very unhopeful” about the nominee’s prospects in November.
“Bill Clinton knows the party will unite behind Obama, but he is telling people he doesn’t believe Obama can win round voting groups, especially working-class whites, in the swing states,” the strategist said.
“He just doesn’t think Obama will be able to connect with the voters he needs.”
Joe Klein, the author of Primary Colours, a fictionalised account of Mr Clinton’s 1992 election, who has known the former president for 20 years, said he also heard that he was “very, very bitter”, from people who have spoken with him.
Have I mentioned enough on this blog yet HOW MUCH I LOVE THE BRITS?
“It’s time for him to get over it or go off and do his charitable work. He knows the rules of the road. What’s going on now is kind of strange. I think his behaviour is really, really shocking.”



















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