chartalism

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

This is not directed at the reality based VOTS 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?

Topic: 

3

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

Topic: 

3

No, This Fiscal Scam Won't Be Different Than 2011. Stop Deluding Yourselves

Of course that can be easy to do with corporate media hacks parading around as "journalists" basically working to preserve the corrupt machine they feed off of. They're feeding people revisionist nonsense about the so called fiscal cliff; nonsense like how because of the President was reelected he has more leverage this time. As if Democrats ever use leverage after they win elections like how they kept funding the Iraq war in 2006 after their opposition to the war gave them those mid term victories. Nancy Pelosi also took impeachment of the war criminal GWB off the table so future war crimes could be committed.

And then in 2008 after winning an unprecedented majority in both Houses of Congress, higher than at anytime leading up to that point on the GOP's end, we were told we didn't have a mandate for progressive polices despite the fact that the right's neoconservative Laissez-faire ideology had been fully discredited.

The Mandate Manipulation Machine Enters Stage Right

As I predicted a while back, the Partisan-Industrial Complex in Washington, D.C. has deployed its quadrennial Mandate Manipulation Machine to make sure that the 65 million Americans who voted for Barack Obama remember that America giving more than 340 electoral votes to an African American billed as a Islamic Marxist terrorist means there is no mandate for real change in this, a country obviously more conservative than ever.
 

A cursory glance at the newspapers today shows the media teeming with stories quoting incoming Obama administration officials, Democratic Party leaders and spokespeople for corporate front groups insisting that actually, no real change can be made, and what small-bore changes can happen, will have to happen in the very distant future, not soon. My favorite was the one-two punch from Senate Majority Leader Harry Reid (D-NV) and Democratic National Committee chair Howard Dean. Upon hearing of his bigger senate majority, Reid said on Tuesday, "This is not a mandate for a political party or an ideology.

And of course we now know that was Democrats' way of telling us they would waste the crisis that elected them, keep TBTF, not prosecute anyone who caused the crash, dump the EFCA, enact Dolecare instead of a public option or Medicare Buy In, and go half ass on all qualitative legislation. This is what actually led up to the mid term losses in 2010. And keep in mind this 2012 election victory doesn't even compare to the victory in 2008.

And yet they tell us we will see a new reinvigorated President and Congress. They tell us they are confident this time. They tell us that this time Democrats know they have a mandate for progress so things will be different than when the debt ceiling debacle made fools of them all. No, this is actually what the White House is telling us; the same thing as after the 2008 election victory now in 2012.

Axelrod: Talk of mandate 'foolish, generally untrue'

Obama senior campaign adviser David Axelrod downplayed talk of an election mandate on the "fiscal cliff" on Thursday.
 

Axelrod said presidents always talk after an election about a mandate, but he called such talk "foolish." President Obama and congressional Republicans are bracing for talks on tax hikes and spending cuts that are now set to be implemented in January.
 

“Everyone’s going to have to come to the table in the spirit of getting things done, but on this issue of particularly the fiscal cliff — presidents always say, ‘I have a mandate'; that's a foolish word and generally untrue,” Axelrod told MSNBC’s "Morning Joe" on Thursday.

Topic: 

3

WH Advisor David Plouffe and Goldman Sachs CEO Agree That Medicare and Medicaid Must be Cut

Cross posted in Orange

Yes, it's true. If the White House would like to disavow David Plouffe's words now is the time. Time is running short but it's pretty obvious that he speaks for the White House given that David Plouffe is the President's closest confidante. If you have the stomach to sit through this forum it's right there for you to see, but I'll post the relevant portion that matches up with Lloyd Blankfein's mentality that the 99% need to sacrifice Medicare and retire later for the fantasy deficit crisis he, the White House, and Congress are peddling to the American people.

The President's closest adviser is telling his base that additional cuts to pay down the deficit(not the 716 billion to Advantage, fraud, or providers from the 2010 CBO baseline on the effects of the ACA) in Medicare and Medicaid are coming and to be ready for them.

Senior White House advisor David Plouffe warns Republicans and Democrats alike must take political hits in order for deal to be had

"The only way that gets done is for Republicans again to step back and get mercilessly criticized by Grover Norquist and the Right, and it means that Democrats are going to have to do some tough things on spending and entitlements that means that they'll criticized on by their left," Plouffe said at his alma mater in conversation with former McCain campaign manager Steve Schmidt.
 

[.........]
 

Plouffe added that while the White House wants to engage in comprehensive tax reform, they know they must also "carefully" address the "chief drivers of our deficit": Medicare and Medicaid.

Lloyd "Sell them shitty deals with the blessing of the US DOJ" Blankfein whole heartedly agrees with Plouffe. He's also visiting the White House today. I have a feeling whatever good feelings labor and progressive groups had yesterday were perhaps misguided given the statement we just heard from David Pouffe. That and of course basically the priority of making capital whole on the backs of labor as 93% of the "recovery" goes into Lloyd Blankfein's pocket since 2010.

Goldman Sachs CEO: Entitlements must be contained

BLANKFEIN: You're going to have to undoubtedly do something to lower people's expectations -- the entitlements and what people think that they're going to get, because it's not going to -- they're not going to get it.
 

PELLEY: Social Security, Medicare, Medicaid?
 

BLANKFEIN: You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career. ... So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.

Topic: 

3
Subscribe to RSS - chartalism