[excon]

Hello:

If the Super Committee fails, Intrade (Laura Ingrahams favorite new website), currently puts the odds at just under three to one in favor of both a Republican takeover of the Senate and retention of the House — 74.4 to 21.5 for the Senate, 72.2 to 28 for the House.

So, why should they give Obama and the Democrats a victory?

excon

[tomder55]

I wouldn't... and I can live with the sequestration alternative... no problem!!
Even Pat Toomey is getting seduced by silly talk of "revenue enhancement" i.e. taxes .
There are times to talk taxes when they negotiate a broad tax reform .
But even Keynes himself wouldn't advise raising taxes during an economic downturn .
As you know ,under that theory taxes are raised in recovery and spending cut. Of course the Dems always forget the later .

However , I am not a Keynesian . I don't think that stimulating the economy through government spending works .

History is on my side .To stimulate the economy both Kennedy and Reagan cut the marginal tax rates ,and they ushered in economic expansion.
But ,since any talk of tax rate reduction or tax reform appears to be off the table ,then the best thing to do would be to continue to cut spending . The automatic squestration achieves that even if there is a temporary hit on the Defense budget.

[excon]

Hello again, tom:

You're just as Keynesian You want to stimulate the economy by tax cuts and the I want to stimulate it by direct injection.. The result is the same, only my way is faster.

excon

[tomder55]

Sir Maynard Keynes would never approve of allowing the private sector to stimulate the economy . Mine is an Uncle Miltie solution .
Milton Friedman - Wikipedia, the free encyclopedia

[paraclete]

When will you fellows learn that economic theories are like climate change theories, they are theories. Sometimes the observed criteria fits the theory and sometimes it does not. Your economy is over stimulated so further stimulation doesn't work. Tax cuts don't work because the basic fundamental earnings are low, government spending doesn't work because credit isn't available to take advantage of the opportunities and there are too many extra costs associated with employment. Your government has been paper shuffling and calling it stimulus while all the time soaking up more and more of the available money in its deficit.

[tomder55]

Your government has been paper shuffling and calling it stimulus while all the time soaking up more and more of the available money in its deficit.

Worse that that... it's been printing money and lying about the inflation it is causing .

[paraclete]

Worse that that ....it's been printing money and lying about the inflation it is causing .

But that is what happens when you print money Tom. Economics 101, Cambridge Theory of the Velocity of Money. I know, too basic for your high flying economic planners.

Of course there may be another plan at foot, if inflation becomes rapid enough then currency looses value and all that national debt suddenly goes away, replaced by funny money at $1,000 to the dollar and your leaders could be that niaive.

Now let's all get in on the chorus of "don't cry for me Argentina (or was that america)"

[excon]

Hello again,

Buy gold.

excon

[excon]

Hello again, tom:

Although it pains me to do so, I think the Democrats are in for another wupping. I guess it's true, that we have to hit bottom before we can recover... With the Republicans in charge, we'll HIT bottom quicker, that's for sure. But, I digress...

Let me suggest that the libs LOST the battle when they, themselves, accepted the sliminess of the word "liberal". They thought progressive sounded much better. Although, I blame Reagan and the Republicans, their rise coincided with the complete collapse of the Democrats. In fact, the Democrats caving may even be MORE responsible for our plight than the Republicans... Did I say caving?? Hell, SOME Democrats even tried (and are STILL trying), to out Republican the Republicans...

You would call this evidence of the country being center right. I call it a complete abdication of liberalism. But, it's not that liberal ideas have gone out of fashion. It's that the PR machine behind them is long DEAD, while the right wing PR machine is alive and well.

But, there's hope. The OWS'rs. Yeah, they have trouble articulating a complaint... But, so does the ENTIRE Democratic party - with one, and ONLY one exception.. That would be Elizabeth Warren.. Why she scares the right wing, is NOT her liberalness, but her ability to ARTICULATE it, and articulate it well. She's the ONLY one out there doing that...

Maybe if the rest of the Democrats weren't so afraid of their own shadow, we wouldn't be facing the demise our country is about to go through.

That's all. I ain't got no more.

excon

PS> Ok, I got one more thing... If you LIKE the drug testing of the poor that Rick Scott is doing in Florida... If you LIKE the drug war. And, if you LIKE the union busting going on ALL over. And, if you LIKE the pullback of voter and women's rights, you ain't seen NOTHING YET.

If we let these people get their hands on the levers and dials of the federal government, be prepared to relive the 19th century...

Now, I'm done.

[tomder55]

You are right about her ideological purity .

For expedience sake Warren is backing away from her statement that she provided the intellectual basis for OWS .It doesn't play well on the campaign and besides,Marx beat her to it. She refused to sign a OWS pledge . But if she is the inspiration of the movement ,then her ideas are the law of the land already because Czar Warren was the mover and shaker in the development of the Consumer Financial Protection Bureau (CFPB).

It is an unaccountable (to Congress) bureaucracy with unparelleled control and discretion over the free market. This is what the OWS wants really . Mission accomplished. Yes I said it. The OWS wants government control of the market place and that is what the Obots are giving them.

The OWS in fact is the perfect fusion of anarchy and statism. The anrchy is their view of property rights and statism at this point is self explanatory.

One thing is clear. The leaders of OWS are perfect Democrats in their hypocrisy.
Golden tents for some Occupiers - NYPOST.com

As far as the "super committee goes... sequestration will reduce spending by $1.2 trillion over a decade . Add to that the $1 trillion over a decade in reductions from the debt limit deal and you have yourself a whopping 1% of GDP in reductions. And that's considered painful cuts ?
The only thing they would agree on would be less cuts ,not more.. and counterproductive tax increases. Both the OWS and the Super committee should go home.

[paraclete]

The way I hear it this attempt like most attempts at non partisan politics have failed. I can't image where this leaves you but someone needs to get the axe
Aides: 'Super Committee' likely to announce failure to reach debt deal - CNN.com

[excon]

Hello again:

They are going to fail... Is it on purpose? Sure it is for the reasons we've discussed here... It's the Republicans who are doing it.

I think it's a dangerous proposition with serious ramifications that the blinders the right wing wears PREVENTS them from seeing... Is it good to use the American people as fodder so you can win?

excon

[tomder55]

Frankly , there was no way this would've been solved this year . Blaming failure is a pure political ploy . The only thing this committee could've accomplished would've been worse than accepting the sequestration cuts.

I don't see it as the Republican's failure either way . From what I hear ,the Dems wouldn't budge on the programs important to them ;and why should they ? Both sides know this will be decided at the polls next year .

They need to get away from these stupid grand bargain ideas. The budget did not become bloated over night and it will not be fixed with one bucket list . The tax code needs to be a separate issue from spending .

[excon]

Hello tom:

Ok. Who's going to win?

excon

[tomder55]

Ask Chris Matthews .
Matthews: Obamas not happy in the White House - Video on mnsbc.com

[excon]

Hello again, tom:

He's right... But, I don't need to ask Chris Mathews. Obama lost me during the health care debate. He lost me further when he became George W. Bush on steroids. No, I'm not talking about the war over seas... I'm talking about the drug war right here at home. George W. Bush let the states decide the medical marijuana issue... Obama is BUSTING pot smokers at TEN times the rate that Bush did... During an internet conference, where he ASKED people to submit questions, and they asked about pot, he made a joke.

The ONLY reason to support him, is because of the two, and maybe three Supreme Court nominations the next president will make. If president Gingrich decides them, we're headed BACK to the 19th century... I don't say this hysterically. I actually BELIEVE they will repeal ALL the advances of the 20th Century. You do too. Only you HOPE for it.

excon

[tomder55]

Advances is such a subjective word .
I think most such 'advances' should have automatic expiration dates to determine if they are effective.

[speechlesstx]

I don't consider the legalized killing of unborn children for any reason an "advance," but I don't believe abortion will ever be overturned. What other "advances" do you think we'd like to repeal? I for one can't wait to return to those coal burning steam belching locomotives.

[excon]

What other "advances" do you think we'd like to repeal? I for one can't wait to return to those coal burning steam belching locomotives.

Hello again, Steve:

You joke about those coal burners, but your guys SAY they will get rid of the EPA... No, really. I HEARD 'em. Plus, you'll take Social Security and Medicare private. Do I think you'll do something along racial lines, like reducing minority's access to voting, and maybe jobs, and maybe schools, and maybe to student loans?? Yeah, I think you will.

You may not think abortion will be outlawed again, but I do. There's others, but that's a start. Ok, let me finish by saying you'll STRENGTHEN the police and support them unequivocally, no matter HOW BRUTAL they are, just like you're doing now. Good for tom.

excon

[tomder55]

The EPA line was a mistake . The 3 dept's he'd wack are Energy ,Education and Commerce.

Ron Paul would add FEMA to the chopping block.

As always ,the funding of them is Congressional perusal.