Showing posts with label Dean Baker. Show all posts
Showing posts with label Dean Baker. Show all posts

Friday, August 20, 2010

Tuesday, July 27, 2010

Avian Update

Chicken Hawk Up.
Media Matters Alert!
Republican Trillions in Error*.
Not one for slow blogging or even reading...mean flighty links and flash blogging.***

[ASTE(R)ISK IV: TO READ(usually a self-admonition or pun)but see below between * & ** and note that the long term errors could be flip-flopped as4 investment turn around i.e Refudiate d Economics. Update under(over) construction.]

QCON: Stephanie** Miller
Conservative claim submitted that Sherrod leak was an Obama distraction from all of Obama's problems. My earlier thought was that it was a distraction from all his successes. In fact, my idea is supported by the fact that Breitbart had this for months.(by one account, accuracy aside) Camel's nose under tent? It occurred to me re: Tax increase verses Expiring Cuts. This means that Republicans are the camel's nose, when they now want to extend cuts scheduled to expire. On the other hump, Democrats will extend the middle class tax cuts. Not to mention one of these could actually pay for the other.[McClatchy]

* Trillions in error: based on 500 billion in 2020 alone
[Not to mention "tax on uncertainty" of small businesses being so impacted: If they hire more, they will be taxed less, and profit more.]
** Obama takes on GOP "shadow groups" and hails DISCLOSE act.
[***] see Deficit Pidgeons? non update ***.

Monday, February 16, 2009

Speaking of Nightmares:

or the flight of the American Dream:
Protect Social Security and Medicare!
On the strength of a name* in economics it takes two wings.

*(nfry)

[An earlier post links reference to a flight that was based on experience, which coincidentally, Ed Schultz happens to note in regards to the less fortunate one more recently.]

Monday, February 09, 2009

hmmm?

New Thinking on the Economy
by Dean Baker,
co-Director of the Center for Economic Policy Research (CEPR)

also Beat the Press

[This points to an interesting problem or ROR:
(see labels for explaination)

The government is not getting its money's worth when buying bad assets. Anyone who understands how the economy works and the market works should not wonder. That is how it works. That is the point of buying bad assets, whether one wonders whether it should be done or not. If someone else would buy them the same would apply. The housing bubble* is a similar mechanism within the greater mechanism that is the financial problem.

How the economy works is different than how economics works. The economy is the thing. Economics is an equation. They both need tweaking and can work the way they are designed, but will tweak someone. Unfortunately an equation in economics will work only to the extent that everything (that is needed or wanted) is included in it. The economy works regardless but almost everything is included, except they are tweaking when they do the economics. And speaking of bubbles, they leak.

It might be easier to agree what not to do, than what to do, as long as failure is an option. But failure is not an option; it is a choice. This may seem like lost words, but failure is a potential outcome. And it can no more be simply allowed**, than freedom. Maybe this is Philosophy 701, but the Washington Post is not up to Journalism 201, let alone the economy.]

* housing equals assets except for the financial blowing of the economics.

** meaning failure should be prevented, and freedom promoted(are these not good points to work on?)

[Speaking of link(and equations): the stimulating if not shaky journalism below.(nfry)]

[only glanced at but likely recommended read: and see comments and embedded Krugman. For now: They'll be back.]

[That was Shwartznegger but later Ron Reagan covers similar territory with a guest who earlier slammed the stimulus. That was in December, so it was not the current plan. Which should be called what is: ARARA for Jobs! or just the begining or what is a quick and practical start. But does have a good chart on "Bang for the Buck", which depending on the math(see comments), could make a 1 trillion dollar difference in effectiveness.] [Post comment comment: of course this is as ridiculous a hypothesis as Plato's Republic, but for the sake of dialogue, a totally bipartisan package, could be seen to have potential for zero stimulus, as dollar for dollar is not really a bang.]

Tuesday, January 13, 2009

Hitting the Nail on the Head

Not on the thumbnail.
And the chart on the wall, not the tale on the donkey.

Update 1-14-09: [The above thumbnail is a suggestion by Dean Baker that other's may improve on, while the chart is a pull of the elephant tale of 52 weaks of Positive Job Growth and who to pin it on. Here is another chart that some think of flipping for their Moody Blues. A shocking revelation to those that want to spin or unspin. This is the all spin zone, as how can one without nailing something down. Seriously, the Blues is the chart that others would like to nail and the spin or unspin are very reflective.