Daily Archives: August 15, 2012


Reasonable Republicans?

The New York Times has this brief item from Paul Krugman, Reasonable Republicans?

It’s kind of the “treason never prospers” argument (“for if it prospers, none dare call it treason”); if someone declares that tax cuts don’t pay for themselves, or that printing money when you’re in a liquidity trap isn’t deeply inflationary, or that fear of Obamacare isn’t holding the economy back, he ceases to be considered a member in good standing of the GOP. There are, therefore, no reasonable Republicans on these issues.

It doesn’t take long for Paul Krugman to explain why there are no reasonable Republics.  The above excerpt is a substantial part of the entire article.

Thanks to RichardH for bringing this to my attention.


From World Of Quotes
“Treason doth never prosper: what’s the reason? Why if it prosper, none dare call it treason.”
Sir John Harrington Quotes
Source: Of Treason–Epigrams (bk. IV, ep. V)


Schumer To Democrats: Pound Paul Ryan As A Fiscal ‘Fraud’

Talking Points Memo has the article Schumer To Democrats: Pound Paul Ryan As A Fiscal ‘Fraud’.

Senate Democrats’ chief policy and messaging strategist is telling his members to hammer Mitt Romney’s running mate Rep. Paul Ryan all the way to Election Day, not just as a Medicare slayer but also as a fiscal phony.

I think the Democrats have finally been awakened from their long slumber.  Let’s tell it like it is, and let the chips fall where they may.  Is that enough cliches for one post?

There are some good links in the Talking Points Memo article.


Paul Ryan: The Right’s Most Effective Weapon

Below is an email I received from Rebuild The Dream. I find this spot on to almost everything I believe. I’ll share one little quibble below the text of the email.


Here is my one quibble that I promised above to mention.

But finding no jobs because big corporations are hoarding profits instead of hiring and Washington D.C. just doesn’t seem to care.

I would not use the pejorative phrase “hoarding profits” to describe what businesses are doing.

If you understand Keynesian economics, what the businesses are doing is best described as holding onto their profits and not investing them in more capacity while there is a shortage of demand from customers. This is about the only rational plan of action for a company that wants to stay in business for the long term and maximize the return to owners.

The rationality of this individual corporate behavior is exactly the reason that, in a depression, the central government has to make up for the missing demand from the private sector. People are both customers, employees, and owners and must protect their own interests. The government is the only entity that has a universal responsibility to all its citizens’ interests and the strength to take the risk of supplying the missing demand. It is essential to note that only governments that are sovereign in their own currency have the ability to take the correct action without the help of an external entity that does have control over the currency.