If ever there was a citizen truly deserving a Presidential Freedom Medal, it is Lisa Epstein

What Obama says: I do wish O would quit his somewhat condescending comments about what “folks” want…meaning the “have less.” I do not think he refers to his staff or Wall Street types as the “folks who…” or the “folks like/want” whatever. Is that really his way of speaking? It does not convince me that he cares or has been paying much attention to “the folks.”

Bugs the hell out of me too. Phonier than Bush even. And getting worse.

Rocky Anderson, former Salt Lake City mayor, has had it with gutless Democrats.

In reaction to protests at the Civil Center platform, BART shut it down as well as Powell and Montgomery stations.

Why does he keep pushing the “Payroll Tax Holiday”? Payroll tax (FICA) is what funds Medicare and Social Security.
Oh. Maybe I answered my own question.

Thanks….Yeah, Bush called the haves/haves more, yet he calls them “my friends”….probably did not write it, but at least honest.

What? The Russians didn’t get a look as well?

Just a periodic reminder that unemployment is still above 9% and interest rates on Treasury borrowing are ridiculously low.

this is because interest rates are based on wage pressure, not inflation as most people incorrectly assume, if you have high unemployment or low pressure to raise wage the feds policy is to try to make lending easier, if there is wage pressure the fed (since allan greenspan) actually views this as a bad thing and they raise interest rates so companies have less to spend on wage

it is one of the MOST depraved principles in our current robber baron economic policy, it is one of the reasons production has increased yet real wages have decreased

whenever you’ve heard the fed say “the economy is heating up, we have to raise interest rates” what they REALLY mean is “people are asking for higher wages and getting them, we CAN’T have any of THAT”

whenever you hear the fed say “the economy is stable” or “needs a boost” what they REALLY mean is “there are more qualified laborers then jobs, or laborers are not seeking higher wage, this is good, let’s keep money available”

I am NOT KIDDING, this is what the fed does!!!

what I CANNOT UNDERSTAND is WHY even progressive blogs do not ATTACK this depraved economic policy

in case you missed it fats,

FDL’s latest webinar:

Tim F. wanted to know if they thought Elizabeth Warren would make a good third party presidential candidate. Ellsberg said that Warren or Russ Feingold would probably not risk the wrath of the Democratic Party by running. He liked the idea of former Salt Lake City mayor Rocky Anderson, but conceded that few knew who he was.

been a fan since he protested Bush in SLC

Mornin’ All

Oops. James Murdoch, call your barrister:

News of the World reporter’s letter reveals cover-up
Disgraced royal correspondent Clive Goodman’s letter says phone hacking was ‘widely discussed’ at NoW meetings

“Folks” is a favorite of the plutocrats when talking to the “little people.” GWB said the U.S. would hunt down the “folks” that were responsible for 9/11.

Turkey going to war with Syria? Wouldn’t THAT change the entire equation! If they did, I don’t think the Syrian army could stand against them.

Boxturtle (In that case, Iran might step in on Syria’s side)

Medicare and Social Security are still getting funded through deficit spending from the general fund.

Not risk the wraith?

That really annoys me. Dems realize how vulnerable Obama is, but rather than trying to find a winning replacement they double down on Obama.

Boxturtle (While they’ve still got Obama’s knife in their freakin’ backs!)

Maybe Marcy Wheeler knew about this, but I wasn’t aware that Pakistan – our ally! – showed the downed chopper from the bin Laden raid to the Chinese.

Pakistan is NOT our ally, except it’s government. try importing something from there and find out how much DHS cares!

Much like “the little people”, I guess. Are these other “folks” trainable?

I found the President’s attempt at a flip-the-script today on the term “Obamacare” by saying that “I have no problem with folks saying Obama cares” was a little awkward. Maybe that’s just me

Noooo…I think he would do better by calling it Baucus-Care, since that’s who he farmed it out to.

lots of moral support for the BART protest from Middle East/North Africa tweeps last night

So what? SS loaned Congress the money in the first place.

Mornin’, David, pups

Rocky Anderson, former Salt Lake City mayor, has had it with gutless Democrats.

Could this be our Third-Party candidate?

There ‘r those “folks”again = different from me….
No SWIM this morning….so sorry.

David Dayen – fyi

Rembrandt has been recovered

What was a Rembrandt drawing doing in Marina del Rey, a couple miles from my house, just waiting for someone to steal it?

HEY! I was better than that when i was 16!
Goes to show, there really IS a glass ceiling!

never mind

Perris,

The reason why the progressive blogs don’t attack it is that the policy is a direct product of the kind of macro-economic models that have been taught to undergraduates since the late 1970s. Instead of the old demand-based IS-LM model, the textbooks shifted to the AS-AD formulation. Formally, the two models are the same, since they both take the nominal wage as fixed (as an abstraction). But the AS-AD approach is much more congenial to the neoclassical view that markets have a strong tendency to clear. In the 1980s, this was transformed into the view that wages (as the main component of costs) are the most important price in the economy. To keep inflation in check, government has to induce enough unemployment to bring down wages, which in that formulation means bringing down the so-called expectations that the modelers argued determined the reservation price of labour, i.e., the minimum nominal wage workers are prepared to accept rather than stay out of work.

At that level of abstraction the model is a true crock of shit, and has done terrible damage to the execution of monetary and fiscal policy. It is, with lots of bells and whistles, the default model for the Fed and other central banks, and is also the foundation of the so-called Washington consensus. So it’s not too surprising that even relatively progressive economists don’t object, and of course, no business economist ever does. Krugman and DeLong have discovered the virtues of the older IS-LM approach, but they are voices in the wilderness.

I like the

It was not clear whether the person talking to the curator was connected to the theft, though Whitmore said a team of at least two people were involved.

Ya think?

Can no longer say SS has no impact on the deficit.

What percentage of the deficit would be attached to those funds? Is it enough to be more than a neoliberal/neoconservative talking point?

we need to start here knut, I wrote that post to try to ignite a spark in either david or some other front page writer here at the lake

it begins with one man, one blog, one post

ps

inflation is not based on the cost of producing goods, ie wage, price is based on what people will pay not the cost of producing a good or service

Off to swim in the great capitalist cesspool.

US KIA Afghanistan: 1,739

US KIA Irak: 4,474

Iraki, Afghan and Pakistani casualties: estimates vary to over 1.5M

US MBS 2011: 28,148 and counting

It’s No Secret

No war but class war

Never. Give. Up.

Be good to yourselves, and all other living things

Namaste

Awww, SD….Are you looking for intelligent life? You are so patient…get is from the babies, I guess.

inflation is not based on the cost of producing goods, ie wage, price is based on what people will pay not the cost of producing a good or service

It’s both. I don’t want to turn this into an economics seminar, but there are two sides to price determination. One is what people are prepared (and able) to pay (demand), and the other is what it takes to cover the cost of production (supply). The Aggregate Supply approach that has dominated macro-economics since the late 70s (in large part because of the impact of the oil shocks on supply price) effectively ignores demand. It is there, but since the extreme versions of the model impose market-clearing (which is what we teach in econ 1), demand really doesn’t matter. As I said, it is a crock of crapola. I always told my students that just because they have learned how to crawl in economics doesn’t mean they can walk, much less run. Economics is a lot tougher than it looks. Unfortunately, the progressive mathematization of the subject makes the essentials seem a lot easier to students than they really are. Just because you can write something down in an equation doesn’t make it empirically true.

Be Positive !! Anything and Everything which reminds you that this guy is NOT on your side, or on the side of anyone with less than an 8 figure net worth – it is Good!

Otherwise we might be lulled into HOPE-ing 0-$ell-0ut has changed his $pot$.

rmm.

you’re right, it is both, but the commanding factor is demand, a company will charge what people will pay regardless of cost, if the cost gets too high compared to what they can charge they get another product or go out of business.

on the other hand, when people are making more money they will pay more for goods, in this manor the more money people make the more rofit companies can extract for their goods

yes there are companies that use a cost analysis whence they base their prices but for the most part price goes up based on what people will pay not cost

they may use a supply model for basing their assumptions and investments but for the most part it’s the demand model that actually commits price for consumer goods

In Oregon:

“New state law expands authority of tribal police, fills gaps in state law enforcement” (The Oregonian, by Jayme Fraser, Aug. 14, 2011)

“Legislature grants tribal police expanded powers” (The Oregonian, by Jayme Fraser, June 29, 2011)

And today, Robert Gibbs said that Obama is not obsessed with keeping his job:

http://news.yahoo.com/obama-adviser-obama-not-obsessed-keeping-job-112507007.html

Maybe O. is smarter than we thought. :o)

I was going to say, just like Bush used to call us “folks” and it just sounds condescending.

It IS and WAS condescending… and meant to be so. Put us all in our “place.”

The thing with Pakistan letting the Chinese look at the downed helicopter??

Who’s surprised by that?

And don’t forget that our “patriotic-y” so-called “USA” businesses have outsourced just about everything they possibly can to China (and now elsewhere, as the Chinese citizens have the nerve & temerity to start asking for, you know, living wages), including building our weapons & other War, Inc. products. And also programming & manufacturing high technology Military stuff.

So frankly, what the eff difference does it make if our Chinese Overlords look over one of our super-secret choppers? They’ve already gotten most of the keys to our kingdom. Just another brick in the wall…

AXE may be trying to make the Mittster look weird, but HERE IS SOME SCARY SHIT RELATING TO RICK PERRY AND THE LUNATICS WHO SUPPORT HIM.

This article set my hair on fire.

Excellent article about what sounds like a very positive development. Tribal and non-tribal law enforcement jurisdictional issues can be complicated. With law enforcement, assuming compliance with civil rights!, simpler is better. Tribal women are far more likely than others to be raped, I understand. It looks to me as if the change in Oregon could make law enforcement more efficient in ways that could decrease the rates of rape

Kind of OT. But unusual.

I had a murder case once from, maybe, Idaho. Tribal member. Homicide committed off tribal lands of guy, a complete stranger, walking along a road. Only reason we had fingerprints on the perpetrator was that a tribal police officer had booked him earlier that evening for disorderly conduct on tribal lands and had taken his prints. Perp fled to France. Was working as an American Indian at EuroDisney outside Paris. Had his prints not come from a tribal police officer, fugitive would undoubtedly have had a persuasive argument to the French court that U.S. authorities were discriminating against him. France however extradited him & he was convicted.

Thanks for your comment, greenharper. I’m sure few know the details of this subject. I have known American citizens working for tribal government health facilities in southwestern US and can verify hearing about how these folks are dealing with high rates of rape, murder and now incest in their work on those lands.

actually, the story about Pakistan and the helicopter was a bit deceptive.
The story really said that we had suspicions that they had let the Chinese examine it, but we had no real proof, and the Pakistanis denied it. I had to read the article twice to understand it

Why does POTUS gratuitously bring up “fixing” social security? Give it up. To open up the greatest government program in the world, bar none, to the rapacious repug jackals in the Congress is to expose it to fatal disease.

There are no Tip O’Neills in the repug party. Wake up, Mr Potus.

The US Government owes the Social Security trust fund trillions of dollars it borrowed to finance the wars, tax cuts, etc.

The debt owed to SS is the same as the debt the US owes to treasury fund bond holders; thus, to default on paying back SS is just as devastating as defaulting to pay back treasury bond holders.

Who is representing the middle class and working people?

Cool!!!!

Yup. We’re all just folks. Nothing more. Obama is not “folks.”

OOOPSIES! Hey, hey!