From last night's GOP debate, in which Herman Cain talks out his ass and Ron Paul just plain fucking gets it and the Republican crowd, again, goes apeshit with applause for the wrong thing.
- ANDERSON COOPER (to HERMAN CAIN): Two weeks ago you said "Don't blame Wall Street; don't blame the big banks; if you don't have a job and you're not rich, blame yourself." That was two weeks ago. The (Occupy Wall Street) movement has grown. Do you still say that?
- CAIN: Yes I do still say that -- and here's why.
- (Loud applause and whistling from the Republican audience.)
- CAIN (continues): ...I still stand by my statement and here's why: they might be frustrated with Wall Street and the bankers, but they are directing their anger at the wrong place. Wall Street didn't put in failed economic policies. Wall Street didn't spend a trillion dollars that didn't do any good. Wall Street isn't going around the country trying to sell another 450 billion dollars. They oughta be standing in front of the White House taking out their frustration. So I do stand by that!
- (More loud applause from the Republican audience.)
- COOPER (to RON PAUL): Congressman Paul, you've been critical of Governor Romney for holding fundraisers with Wall Streeters. Do you think he understand what the protests are about? Do you understand?
- PAUL: Well, I think Mr. Cain has blamed the victims. There's a lot of people that are victims of this business cycle. We can't blame the victims... but I'd go to Washington as well as Wall Street -- I'd go to the Federal Reserve! They create the financial bubbles, and you have to understand that. You can't solve these problems if you don't know where these bubbles come from.
- (Mild smattering of applause from the Republican crowd.)
- PAUL (continues): But then when the bailout came, and supported by BOTH parties -- you have to realize, '08, the Republicans were still in charge, so the bailouts came from BOTH parties -- guess who they bailed out? The big corporations, the people who were ripping off the people in the derivatives market! And they said "The world is going to come to an end unless we bail out all the banks! So the banks WERE involved, and the Federal Reserve WAS involved! But who got stuck? The middle class got stuck! They got stuck, they lost their jobs, and they lost their houses! If you HAD to give money out, you should've given it to the people who were losing their mortgages -- NOT to the banks!
They’re just good for heterosexual sex, making babies and cleaning up the house, right, Rick?
Amazingly, about half of half of the country is nonetheless prepared to vote for this spiteful dick.
(via the New York Times)
…I think we’re seeing in this presidential primary this sort of, like, race to the bottom, where every presidential candidate on the Republican side is trying to say ‘I would be absolutely the worst for women.’"
We begin tonight with Zeno’s Paradox, which postulates that to get your destination, you must first travel half the distance towards it, (and) from there, half the remaining distance, and so on, so on, ad infinitum, ipso facto, et al, ergo, vis a vis, c’est la vie, one can never actually arrive at the end point.
Which brings us to the race for the Republican nomination for president."
Depending on how you look at it, the Bush economy was either okay, a bit weak or absolutely awful.
To make it look okay, you eliminate all context. You look at levels rather than trends. Unemployment was in the 5 to 6 percent range. The economy was growing. Deficits, though rising, were at manageable levels. The stock market was booming. Most Americans were living pretty well. That all sounds pretty good.
To make it look weaker, you add back in some context. Monthly job growth from March 2001 to December 2007 — so, from the end of the 2001 recession to the beginning of the 2007 recession — was 68,000. That’s one of the weakest expansions on record. Meanwhile, poverty and inequality were increasing even as median incomes were falling. Oh, and while Bush’s deficits weren’t huge, they came during a period of growth — normally, periods of growth are when you cut the deficit, as we saw in the 1990s. So these were deficits of an unusually irresponsible sort.
To make it look absolutely awful, you add in the fact that there was a huge credit bubble inflating beneath the economy that George W. Bush did nothing to stop and that his choice for Federal Reserve chairman, Alan Greenspan, did much to inflate. So as weak as the decade’s economic numbers look, they’re much, much worse when you realize they were artificially pumped up by the bubble, and Bush’s record is much, much worse when you add that the economic collapse began on his watch, and the long-term cost of the tax cuts and Medicare Part D and the war in Iraq."