Showing posts with label Obama economics. Show all posts
Showing posts with label Obama economics. Show all posts

Tuesday, December 17, 2013

The biggest Pinocchios of 2013.

WaPo's Fact Checker Glenn Kessler has a top 10 biggest lies list.
President Obama ended up with three of the most misleading claims of the year. But, despite the urging of some readers, his statement that “I didn’t set a red line” on Syria is not among them. We had looked closely at that claim and had determined that, in context, it was a bungled talking point, so that statement actually earned no rating.

Wednesday, April 10, 2013

"Let's face it, who does not love this music?" asked Obama, referring to Memphis soul...

... which apparently includes Justin Timberlake. Oh, I am cynical enough to think that Obama really wanted to bring Timberlake over to the house to sing for his young daughters, and the Memphis soul business was constructed around that project to give it the needed air of dignity, worthiness, and tribute.
Obama said the unique blend of musical styles created in segregated Tennessee in the 1960s was special because it "played an important part in our history." He also noted the music sought to bridge racial divides and "create a little harmony with harmony."
I was impressed by how smoothly the webstream flowed. It looked crisp and utterly unhinky on my desktop monitor. I know that costs money, presumably taxpayer money, and that's inconsistent with the suffering-under-the-sequester political meme pursuant to which White House tours have been cancelled. But if they're going to have these concerts at all, in these days of the internet, they owe a quality stream to us, the people.

How much could that cost, anyway? I loved the live unedited feed, like when Queen Latifah had to realign herself after some technician pointed out the tape marks on the floor, and how Malia and Sasha looked stone-faced on either side of their parents (who were incessantly bopping their heads), and how some aide came in to lean over and consult with the frowning, deep-in-thought Obama (in political theater that made me say out loud "A plane has struck the second tower").

I want the feed. Feed us!

"Make us your slaves, but feed us."

Thursday, February 28, 2013

The Very Senior White House Person who threatened Bob Woodward was Gene Sperling, economic adviser to the President.

Politico reveals the name and presents the text of the email:
I apologize for raising my voice in our conversation today. My bad. 
So there's also that conversation, which involved yelling, and we don't have the transcript of it.
I do understand your problems with a couple of our statements in the fall — but feel on the other hand that you focus on a few specific trees that gives a very wrong perception of the forest. But perhaps we will just not see eye to eye here.

But I do truly believe you should rethink your comment about saying saying that Potus asking for revenues is moving the goal post. 
These Washington folk are fond of clichés — moving the goal posts, forest for the trees, seeing eye to eye. I would lose my mind!
I know you may not believe this...
As a reader, I translate that into I don't even believe what I'm about to say myself.
... but as a friend...
More filler and one more thing that's not believable, but maybe there's a Washington kind of "friendship" that we outsiders don't quite get.
... I think you will regret staking out that claim. The idea that the sequester was to force both sides to go back to try at a big or grand barain [sic] with a mix of entitlements and revenues (even if there were serious disagreements on composition) was part of the DNA of the thing from the start....
If "I think you will regret" is supposed to be the threatening part, the accusation is weak. Sperling is bullshitting — blathering the administration's position wordily — but only explicitly saying Woodwood is wrong and predicting that Woodward will ultimately agree that the President didn't "move the goalposts." But I didn't hear the tone and content of the earlier discussion. And Sperling's apology and subsequent verbosity — I'm eliding a chunk of it — suggest that he knows he crossed a line.

The email ends:
Not out to argue and argue on this latter point.
Which of course he just did.
Just my sincere advice. Your call obviously.

My apologies again for raising my voice on the call with you. Feel bad about that and truly apologize.
That sounds pretty meek, but — again — implies that he was awful earlier.

Here's Woodward's response:
Gene: You do not ever have to apologize to me. You get wound up because you are making your points and you believe them. This is all part of a serious discussion. I for one welcome a little heat; there should more given the importance. I also welcome your personal advice. I am listening. I know you lived all this. My partial advantage is that I talked extensively with all involved...
So, Woodward is conciliatory and seemingly all about maintaining his continued access to Sperling. What happened next that motivated Woodward to go on TV and say he was threatened and that it was "madness"?

Woodward is a master at this game, so let's figure out what he's doing. He said he welcomes a little heat. Then he makes some big heat of his own. Why?

Wednesday, February 27, 2013

"Can you imagine Ronald Reagan sitting there and saying ‘Oh, by the way, I can’t do this because of some budget document?’ "

"Or George W. Bush saying, ‘You know, I’m not going to invade Iraq because I can’t get the aircraft carriers I need’ or even Bill Clinton saying, ‘You know, I’m not going to attack Saddam Hussein’s intelligence headquarters,’ as he did when Clinton was president because of some budget document? Under the Constitution, the president is commander-in-chief and employs the force. And so we now have the president going out because of this piece of paper and this agreement, I can’t do what I need to do to protect the country. That’s a kind of madness that I haven’t seen in a long time."

"White House was not involved in ICE's decision to release detainees..."

Carney says.

White House teflon, more slippery than ICE.

Sunday, February 24, 2013

The stock market says "sequestration will not happen."

According to Jim Cramer on "Meet the Press" this morning:
I do think that the stock market itself is saying this isn’t going to happen. The defense index on Wednesday, it is all-time high. That says sequestration will not happen. The fact that the stock market is doing well despite the fact the gasoline prices are much higher, that’s hurting the consumer, payroll tax holiday goes away, that’s hurting the consumer. Again says that maybe something is not-- not drastic. Nothing drastic will come of this. Even despite the scare-- scare tactics, government by freak out. How right is that? I still feel pretty good.

"The worst-case scenario for us is the sequester hits and nothing bad really happens. And Republicans say: See, that wasn’t so bad."

Says a Democratic lobbyist, causing Instapundit to say: "So I guess we can expect the Administration to make it as bad as it can."

That's about the size of it. That's why I haven't been blogging the pre-sequester hysteria. It's less amusing than the Mayan apocalypse.

Friday, February 1, 2013

"Birth Control Rule Altered to Allay Religious Objections."

"Under the proposal, female employees could get free birth control coverage through a separate plan that would be provided by a health insurer."
The institution objecting to the coverage would not pay for the contraceptives. The costs would instead be paid by the insurance company, with the possibility of recouping the costs through lower health care expenses resulting in part from fewer births.
Is the system better with fewer births? You know, they are babies at first, but eventually they will be workers and therefore taxpayers, and we're especially going to need young workers to be the health care providers for the aging population that will need more and more care.

But if the social engineers are thinking about fewer births, they must also be thinking about more deaths. What better way to avoid costs than for the aging people to depart? How can they not be thinking about that too? At least they're sensitive enough not to spit it in our faces the way they celebrate the savings inherent in fewer births.

And do you really understand the new plan to accommodate religion? Do you see how the religious objectors are absolved from their connection to what they see as sin? Isn't it all sleight of hand? But what is absolution?

Wednesday, January 30, 2013

Thomas Friedman calls on Obama to stress "the private side..., a lot more entrepreneurship, a lot more start-ups and a lot more individual risk-taking..."

"... things the president rarely speaks about."

Somehow, this column is called "It’s P.Q. and C.Q. as Much as I.Q." It's some lingo that replaces entrepreneurship and individualism:
The winners won’t just be those with more I.Q. It will also be those with more P.Q. (passion quotient) and C.Q. (curiosity quotient) to leverage all the new digital tools to not just find a job, but to invent one or reinvent one, and to not just learn but to relearn for a lifetime. Government can and must help, but the president needs to explain that this won’t just be an era of “Yes We Can.” It will also be an era of “Yes You Can” and “Yes You Must.”
Why did Friedman use the terms P.Q. and C.Q.?
  
pollcode.com free polls 

Friday, January 18, 2013

"Obama unveils 'Organizing for Action.'"

I read the Politico headline out loud.

Meade immediately improvises a song, and I have the wit and the skill to transcribe as he sings:
Organize for action
Organize for some action, baby
Organize! Organize!
Organize my organ
Activate my organ for organizing
A little girly action
Organize for action
ADDED: "You in?"

Friday, January 11, 2013

"The Charmin corporate Twitter account got in on it with a surprisingly trenchant commentary on the disposability of American currency."

That's the way Slate — displaying the winners of its design-a-$1-trillion-coin contest — refers to the symbolism here:



"Surprisingly trenchant commentary." Come on! I like delicate toilet paper, but why the delicacy talking about toilet paper? What, exactly, is the commentary? I assumed it was: American currency is something you may as well wipe your ass with. But then I thought the idea was: Uh, oh, we just pooped ourselves.

Maybe you're wracking your brain for a way to use the old "Don't Squeeze the Charmin" slogan, but that was the 1960s. The current slogans — if I am to believe the Charmin Wikipedia page — are: "Enjoy the Charmin experience" and "Enjoy The Go." Enjoy the go?! Put that on the coin. Hell, make that the national motto. "In God We Trust" is getting old. It's divisive. And, frankly, it's unfair to God.

"Enjoy the Go"... I looked it up to see how they were playing this slogan in the commercials:



The relief. The calm. The clean. The comfort.

See? That's the way you'll feel after that $1-trillion is deposited in the toilet bank. This image evokes Sigmund Freud:
Freud suggested that children in the anal stage of development regard the release of their feces as a gift to the parent — a gift that can be given or withheld. Children will release the feces if given sufficient love and withhold them if not. In Freudian thought, fecal matter becomes a type of currency in the parent-child relationship, which can be withheld or dispensed, thus giving the child a sense of control. The word currency is appropriate in this context; Freud assumed that the human unconscious makes a symbolic equation between feces and money. In a 1911 paper on dreams in folklore, he noted that according to ancient Eastern mythology, “gold is the excrement of hell” (Freud & Oppenheim, 1911/1958, p. 157).
Hell!

(I'm riffing on the toilet paper topic topic Meade introduced late last night. That was Meade — did you notice? — not me.)

Wednesday, January 9, 2013

That's a clown suit question, bro.

Did you see the comment by Patrick that Glenn linked to?
“I think it would be the ultimate act of honesty to dress the Secretary of the Treasury in a clown costume. I have no objection to that at all.”
Well that gave me an idea. What would be the value of having all 14.5 2.1 million federal government employees — starting at the top with the President — made to wear clown suits every day for, say, the next four years? Would it be worth as much as a trillion dollar coin? More? I propose we find out:

Step 1: Purchase 14.5 2.1 million clown suits through the Althouse Amazon Associates portal, natch.

Step 2: Make federal government employees wear them every day for 4 years.

Step 3: ???

Step 4: Pay off national debt!

Hope and change... into a clown costume.

Paul Krugman responds to the pushback he's received on "the trillion-dollar-coin thing":
There seem to be two kinds of objections. One is that it would be undignified. Here’s how to think about that....
The professor is about to teach us how to think. Get ready!
... we have a situation in which a terrorist may be about to walk into a crowded room and threaten to blow up a bomb he’s holding. 
Okay. A hypothetical. I'm up for hypotheticals. And it's an analogy, because the trillion-dollar-coin thing isn't promoted as a solution to terrorism. But terrorism is something that you can picture quite concretely and you understand it as very real and scary — unlike the debt ceiling problem which is awfully abstract. (Even to say "ceiling" is to resort to metaphor.)

So, anyway:
It turns out, however, that the Secret Service has figured out a way to disarm this maniac — a way that for some reason will require that the Secretary of the Treasury briefly wear a clown suit. (My fictional plotting skills have let me down, but there has to be some way to work this in). 
In this hypothetical, you have to accept that the Secret Service has found "a way." It will work. The professor is telling you how to think, so you're going off track if you want an explanation for why that would work or if you — much more likely — would be thinking what the hell is going on in this country when the people in charge are figuring out solutions involving clown suits and believing that clown-suit solutions work? Krugman reveals that he knows his hypothetical is horribly flawed, and he tries to paper it over by confessing to second-rate "plotting skills." There has to be some way to work this it. The professor is teaching us how to think — use this analogy — but he can't piece together the hypothetical. How's that supposed to help us think?

He continues:
And the response of the nervous Nellies is, “My god, we can’t dress the secretary up as a clown!” Even when it will make him a hero who saves the day?
Wait. The normal people who go with the working theory that the government has gone mad are "nervous Nellies"? Yes, because Krugman's hypothetical locks it in that the solution works. So the people aren't supposed to be thinking that sounds crazy. It's posited that they know it will work, so all they can realistically be concerned with is that the secretary will look undignified dressed like a clown.

Krugman turns to the second objection, as if it's unconnected to the first one:
The other objection is the apparently primordial fear that mocking the monetary gods will bring terrible retribution.
Why weren't the people who say it looks crazy credited with having some fear that it wouldn't work? Because in the clown-suit hypothetical it was posited that it would work? These "nervous Nellies" were mocked in Part I of Krugman's krushing of all adversaries. In Part II, we see troglodytes who imagine a "god" who will punish us for doing something wrong.
What the hysterics see is a terrible, outrageous attempt to pay the government’s bills out of thin air. This is utterly wrong, and in fact is wrong on two levels.

The first level is that in practice minting the coin would be nothing but an accounting fiction, enabling the government to continue doing exactly what it would have done if the debt limit were raised....
So it's a trick, but it's not that different from other tricks. It's just weirder looking. Like a clown suit. Which gets back to the point I made when I criticized Krugman a couple days ago:
It's strange that it's come to this, but I don't believe the President of the United States would choose to do something that will strike the people as so bizarre, even if he feels capable of articulating the legal theory with a straight face. The President must maintain the people's trust and confidence. He must be comprehensible as normal, sound, and sane to ordinary folks.
Krugman's response to these ordinary folks — the people upon whom the President's power depends — is: They're hysterical and ill-informed. Well, how did this President — how does any President — get elected in the first place? It was by generating confidence. He's a con man. Let's say the management of the national debt has been a lot of trickery for a long, long time. What then does it matter if we do something that is quite obviously a trick, that everyone will see as a trick?

Does the trick work if the magician points to the hand that's doing the sleight?

Monday, January 7, 2013

"Should President Obama be willing to print a $1 trillion platinum coin if Republicans try to force America into default?"

"Yes, absolutely. He will, after all, be faced with a choice between two alternatives: one that’s silly but benign, the other that’s equally silly but both vile and disastrous. The decision should be obvious."

Says Paul Krugman.

It's strange that it's come to this, but I don't believe the President of the United States would choose to do something that will strike the people as so bizarre, even if he feels capable of articulating the legal theory with a straight face. The President must maintain the people's trust and confidence. He must be comprehensible as normal, sound, and sane to ordinary folks.

ADDED:

Boehner: "At one point several weeks ago... the president said to me, 'We don't have a spending problem.' "

"They blame all of the fiscal woes on our health-care system."

Boehner's repeated response to that was: "Clearly we have a health-care problem, which is about to get worse with ObamaCare. But, Mr. President, we have a very serious spending problem."
[T]oward the end of the negotiations, the president became irritated and said: "I'm getting tired of hearing you say that."
And then there's Harry Reid:
"Those days after Christmas," [Boehner] explains, "I was in Ohio, and Harry's on the Senate floor calling me a dictator and all kinds of nasty things. You know, I don't lose my temper. I never do. But I was shocked at what Harry was saying about me. I came back to town. Saw Harry at the White House. And that was when that was said," he says, referring to a pointed "go [blank] yourself" addressed to Mr. Reid.
It's best, by the way, if you're going to say "Go fuck yourself" never to say it in anger.

There's lots more in that article (in the Wall Street Journal). I was interested in this little bit at the end:
[Boehner] sees debt as almost a moral failing, noting that when he grew up in a "little middle-class, blue-collar neighborhood" outside of Cincinnati, "nobody had debt. It was unheard of. I just don't do debt."
If he's not bullshitting, he's revealing a shocking lack of sophistication. Should families pay rent on apartments until they can put down the entire purchase price of a house? Should businesses expand only through the cash they have on hand? But it's the WSJ that inserts the phrase "almost a moral failing," so I shouldn't read too much into Boehner's simple-Cincinnati-guy posing. He didn't say debt is immoral. Only that he comes from a background where the norm was to follow a budget and pay your bills. How sophisticated is he now about the good use of debt as opposed to the bad? Who knows?

Thursday, January 3, 2013

Paul Krugman is "feeling so despondent."

Why? "Because of the way Obama negotiated" the fiscal cliff deal.
He gave every indication of being more or less desperate to cut a deal before the year ended....
He did? Funny, Rush Limbaugh kept saying Obama wanted to go over the cliff. It was his preference. The idea was to get rid of the hated Bush tax cuts and the cliff was there as a device to make it possible to blame the GOP. Back to Krugman:
The only thing that might save this situation is the fact that Obama has to be aware just how much is now riding on his willingness to finally stand up for his side; if he doesn’t, nobody will ever trust him again, and he will go down in history as the wimp who threw it all away.
The wimp?! Hey, remember when they were calling Romney a wimp?



That was back in July. Was Romney "just too insecure to be President"? Meade and I were just talking this morning about exactly that. There were 2 crucial points when Romney failed to stand his ground. He crumpled under intimidation. One was when the 47% video leaked out. Romney went beta, instead of doubling down, getting hardcore. The other was during the second debate, when he was going big on Benghazi, and Obama and Candy Crowley performed their check-the-transcript routine, and Romney deflated into oh, am I wrong?

So, anyway... is Obama just too insecure to be President?