Author's posts

May 16 2013

Are We Really the Reality Based Community? We Don’t Act Like It.

This is not directed at the reality based The Stars Hollow Gazette community.

And by “we” I don’t mean me or I, because I make a good effort to at least try. I’m talking about blogs like Daily Kos. I had always assumed, because of the many insightful writers on the site and on the front page that was the case. However, we are starting to see some of what we see with corporate control of all airwaves in how site moderation is run.

For instance, whether on Fox News, CNN or MSNBC there is always a fake debate when it comes to climate change which is undeniably happening since we have hit 400 ppm of CO2 in our atmosphere for the first time in 3 million years. When this spectacle that pretends to be a live debate on TV happens, there are always two guys picked by the network to come on TV to debate the issue; one a NASA scientist like say James Hansen and one fringe dwelling Koch funded climate changed denier to debate as if there is something to debate as if both sides have an equal argument to make. WRONG. The science is in.

I always thought we in the progressive blogosphere prided ourselves on not accepting that dynamic, but now I am starting to wonder. On the issues I go to great lengths to cover when it comes to the economy, there are certain undeniable facts that have to be acknowledged whether you are a Post Keynesian MMT proponent like me or not. I mean, if we are any different than debates on red state or the corporate owned media, that is. I have to wonder about that now, because it now appears from what went on in my last diary in the comment section that a moderator here stepped in and made an effort to portray the troll like behavior and continual denial of established facts in every diary of mine as “just an honest disagreement.”

It was inferred that I was “out of line” for accurately describing a commentator while using a term that accurately describes his brand of troll like behavior. That’s not out of line. When people act like trolls in every diary of mine I can only ignore it for so long before calling it out directly. We can’t just ignore this kind of behavior forever in this community. I mean, not if we still consider ourselves part the reality based community. Do we?

May 08 2013

Denying the Data Today Won’t Make President Obama’s Austerity Go Away

That’s right. Remember my last diary where I did prove without a shadow of a doubt that the austerity that this administration has put forth right now, and in effect right now, does not make this President a Keynesian? I provided a lot of reference material on Keynes proving each point I made, because that’s what we encourage on this site. That’s called backing up one’s assertions with facts and data. I did.

The same facts were put forth by economist Jared Bernstein who used to work for VP Joe Biden and is now a senior fellow at the Center for Budget and Policy Priorities. As a Post Keynesian MMT proponent, I don’t have the same outlook on economics, to say the least, as the CBPP on a number of things, especially on public debt and deficits. However, there’s no reason to doubt the data in this paper from Richard Kogan; it is clearly well sourced from the CBO and the President’s own Office of Management and Budget analyzing the Budget Control Act of 2011 signed into law by the President.

CONGRESS HAS CUT DISCRETIONARY FUNDING BY $1.5 TRILLION OVER TEN YEARS: First Stage of Deficit Reduction Is In Law

This proves without a shadow of a doubt that anyone who shows up in every thread and types that “cuts only happen in the future” must not be very intellectually curious. After all, as most can see with thier own eyes, the 70% of recommended cuts from Bowles Simpson going into effect this year, the year 2013, occurring until the start of fiscal year 2023 actually happen every year accumulating up to 1.5 trillion in real cuts. These are the indisputable facts.

May 05 2013

Sunday May 5, 2013: Up with Steve Kornacki Tweets

Hello. Today’s #Uppers was also pretty disappointing. You get the feeling Steve Kornacki still thinks this is 2008 and elections have hope. But we don’t have a functioning legislature and it’s either going to be about filibuster reform or nothing. Not the baseball card stats of 2014 and specifically not 2016 which always pisses me off talking about it because it’s so sensational. It was also about the Syrian civil war and that Israeli bombing in Syria, and for some reason Anthony Weiner.

Oh well I had an interesting debate on the War Powers Act which was more interesting than the show. Now #Uppers.

Hopefully Steve will bore me less in the future. Still I am sort o addicted to this tradition but I may quit #Uppers if it gets too bland. The same roster needs to come on. Thank you for reading.

May 04 2013

Saturday May 4, 2013: Up with Steve Kornacki Tweets

Today was about gun control and the power of the presidency and a lot of BS about how Obama is the knight in shining armor held down by the evil opposing army in the Senate. Pretending that any mention of the bully pulpit or real legislative history is having liberal fantasies like on the West Wing. Same crap I have debunked forever. I am going to be a thorn in Steve Kornacki’s side if this keeps up. Also there was marriage equality and Jason Collins coming out in the NBA.

Now #Uppers.

This was my point of the day.

Thank you for reading.

May 04 2013

President Obama’s Austerity Does Not Make Him a Keynesian

It’s really sad it has come to this. There are many people that have jumped to branding President Obama as the second coming of famed economist John Maynard Keynes in what has become a rather sad attempt to deflect his austerity along with the deficit hysteria he preaches on a daily basis. Some people pretend the sequester he and Gene Sperling wrote along with putting chained CPI on the table(cutting seniors income) in order to get out it somehow “makes Obama a textbook Keynesian.” Nope.

It doesn’t take a lot of effort to know this is false.

“The boom, not the slump, is the right time for austerity at the Treasury.”

– John Maynard Keynes (1937) Collected Writings

Apr 29 2013

Sunday April 28, 2013: Up With Steve Kornacki Tweets

Today's topics were comprehension immigration reform, The SEC, money in politics, voting rights, Voter ID laws, and North Carolina politics. But most importantly, for me, Alexis Goldstein is back on #Uppers.

People loved the shit out of this one.

Thank you for reading.

Apr 24 2013

The Reinhart and Rogoff Errors Discredit the Obama Administration and Austerity

Yes they do. I have heard a statement that bugs me a lot lately and that statement is that this was the go to analysis for the Republicans as if Democrats have never referred to it in any way. I’m here to say that is complete BS and we know this now. The Sequester created by the WH and passed in a bipartisan way, was based on Reinhart and Rogoff’s BS analysis about scary scary long term debt to GDP ratios like their offer to cut Social Security.

So let’s stop pretending this is only coming from Republicans, especially with the Obama administration using deficit lies and errors to come after Social Security. Reinhart and Rogoff’s complete methodology was BS and neither of them understand the nuanced difference between countries with a sovereign currency; fixed exchange rates and floating exchange rates; gold standard countries and those with a fiat currency and how that relates to reserve banking at the Fed and our private current account and trade balance within. So therefore it skews the mean and amounts to garbage methodology even if done correctly.

I love How Mike Norman puts it. It kind of reminds me of how I would say it; those of you that are familiar with my work.

There’s a solid account tying the Obama administration directly to the work of Reinhart and Rogoff. You will learn more about this below the fold.

Apr 22 2013

Sunday April 21, 2013: Up with Steve Kornacki Tweets

As you know MSNBC deicded to do disaster porn instead of #Uppers yesterday for whatever stupid reason after everything was over. Just for fun since the #Uppers stream was as pissed as I was, I am going to share some of my tweets about that in addition to today's tweets. Yesterday's tweets first.

Thank you for reading and commenting.

Apr 18 2013

Boston: The Unraveling and a Plea for the Healing of Our Society

I find it hard to write about anything after this happened. Boston is a great city I had the pleasure to visit in a field trip in 2006 while I was in school. There was so much life in that city and there still is despite this attack. It’s still affected me even though I don’t live there because of that fond memory. Senseless acts of violence like this shouldn’t happen. It’s hard enough just to get by.  

I feel a sense of panic and uneasiness as if the fabric of society is breaking and it is; all the record inequality fueling human breakdown; the wars; the bombing of other countries fueling human breakdown. Human breakdown is caused by those that show indifference to their state of being thus breaking down barriers of sanity that keeps one non violent and functioning. Nothing excuses these actions whatsoever and I don’t care about the reasoning of whoever did this; it’s despicable and abhorrent act of violence that killed a child and 2 other human beings and more than 170 were injured many permanently disabled.

That being said, we can try to change the society that breeds these types of people and actions instead of enabling the void. That’s what protects people from terrorism and acts of violence in the aggregate. It may have been impossible to stop this incident, and not all can be prevented. However, given the overall breakdown of society and the marginal extremes that causes within the minds of the population, I have to think every one of our problems contributed to it. Every few months there is either a shooting or something like this. That’s why I talk of the unraveling of society.

Instead of overreacting in the war on terror sense that killed the 4th amendment, I hope we acknowledge that as a country full of desperate people without resources breeds the kinds of conditions for senseless violence to take place. I also hope we realize that this is something the people in Iraq, Afghanistan, and Pakistan have to deal with all the time. We cannot continue to think we are isolated from it. I pray and mourn for all the victims, their families, and to the people that will find it even harder than death to move on with missing limbs. I hope you find it within yourself to keep going.

I hope we as a society are able to give you some semblance of happiness so you can smile through all the tragedy, at least, sometimes. I hope we use these tragedies to FIGHT to become a society that lifts people up and gives them the resources they need to deal with the blow back of the angry indifferent society we have become. This cannot continue.

We as a country are NOT taking care of our people and we must realize that. Some people also need to stop enabling this whether by making excuses and lying about the merits of or the inevitability of war and how a useless police state killing our rights and failing all of us is “necessary.” All of this has turned us into an angry violent society; social darwinism at its worst. This is our sad reality and it’s time to get real. I hope this is acknowledged sooner rather than later, instead of just a hallow speech on the day of tragedy. RIP.

Here’s how you can help the marathon victims in Boston.

Mar 27 2013

Protecting Social Security from Inaccurate Accounting with an Agenda

I was asked to contribute to the Daily Kos Social Security blogathon today to draw attention to the neoliberal attack on it. I hope you visit and like my contribution.

I have referenced this before, but there hasn’t really been enough of a movement on the this issue, and it’s an important one. It’s specifically important right now when Washington DC is completely stuck on stupid in a self created crisis. This crisis started in 2010 when the debt ceiling was not secured in the Bush tax cut deal with Republicans by President Obama and Senate Majority Leader Harry Reid. Many of us predicted it would lead to the debt ceiling debacle in 2011 which in turn led to the fiscal cliff negotiations and the sequester that is now a reality.

However, it could end anytime with House Democratic Representative John Conyer’s bill to just repeal the sequester; that is, if he got proper support. I think that needs to be a goal along with forever protecting Social Security from neoliberal economics and the politicians that support it. After all, this sequester was a conscious bipartisan decision on their part to put Social Security in danger now that a 130 billion net cut within the chained(superlative) CPI is now on the White House’s website in its proposal to stand in place of the sequester.

What we are hearing to justify it are not only exaggerations and lies about Social Security being unsustainable, those lies are based on inaccurate accounting standards that have pervaded our entire government; the CBO, and yes, even the Social Security Trustees Board itself at times over the years. Let’s face it; the Social Security Trustees Board has a broad history of being overly pessimistic.

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