Media Showing Itself As Financial Catastrophe Denialists

Very good point from an Instapundit reader. After quoting a story about the Make Believe Media ready, willing, and eager to undertake its customary duty of talking up the pain of budget cuts while failing to note the just-as-real pain of inevitable fiscal disaster, ...

Reader Dave Gamble notes an inconsistency in terms of how the politico/media establishment deals with the budget crisis — certain to come — versus global warming — a possibility: “Somehow protecting future generations from possibly having to endure the hardship of an extra tenth of a degree over the next century is a high moral calling, while fighting against the certainty of mortgaging their financial future with trillions in government debt is the work of the devil. Odd."

Yes, it is odd -- the science is settled but it appears the unavoidable and simple arithmetic is infinitely mutable and open to question.

Why are those who claim that math has suddenly stopped functioning in 2010 not deemed to be "anti-math"? (Or just anti-science, as math is the handmaiden of the sciences.) Why are those who deny fiscal reality not termed Financial Catastrophe Denialists, on par with Holocaust Denialists?

I mean, unlike the Holocaust, math is real.

No but seriously, isn't it pretty obvious which defects of thinking the media is God-sworn to combat? I just watched a Sunday talk show in which the host -- David Gregory, I think -- would not stop asking Boehner to swear to a fact about which he knows nothing (Obama's citizenship). Even after Boehner said "I believe he's a citizen." That wasn't enough for Gregory; he demanded that Boehner swear to facts he knows nothing about.

Over at Hot Air, Stephanopolous similarly demanded that Bachmann swear that Obama is a Christian and a citizen.

One may feel that these subjects are beyond dispute and therefore it's fair game to ask public officials to deny or affirm them. But when did the media ever ask Democrats to explicitly deny Trutherism? Or to demand they stop calling Bush a war criminal, as he's, you know, provably not, the way they continue demanding that Republicans swear Bam-Bam is not a socialist (which is actually is)?

(By the way, Bill Maher, a lefty in good standing, just proclaimed Obama was lying about being a Christian, calling him a secularist and agnostic who just pretends to be a Christian for political reasons. I agree. But I'd be badgered about this by Stephanopolous, whereas Bill Maher would just be asked to list the ways in which Tea Partiers are Nazis.)

So here we have a genuine, provable calamity on the horizon (and by "horizon," I mean 3-5 years), and the media fails to take to task those who deny we have a serious problem, permitting them to speak in gibberish and evasions rather than commit to staving off financial Armageddon.

NBC has a Green Week. Think they'll start a Solvency Week? To similarly raise awareness?

Don't count on it. While the media is eager to expose what it believes is erroneous thinking that hurts the liberal cause, they have no desire at all to cure erroneous thinking that helps the liberal cause.

Even if it destroys the country. And not in goddamned 2115 but in 2015.

Posted by: Ace at 01:16 PM



Comments

1 Or to demand they stop calling Bush a war criminal, as he's, you know, provably not, the way they continue demanding that Republicans swear Bam-Bam is not a socialist (which is actually is)?

The MFM will ask the Dems and their assorted political branches to end such childish, grandstanding behavior on the 12th of Never.

Posted by: Kratos (Ghost of Sparta) at February 17, 2011 01:19 PM (9hSKh)

2 O/T from prior thread, but worth repeating. WI's Sup Ct hangs in the immediate balance. If you've got some cash for supporting this, throw some to Justice Prosser. See Janir's comment at 197.

Posted by: Taking It Back at February 17, 2011 01:20 PM (HqFeB)

3 Heh, excellent point. By causing complete collapse, the economy grinds to a halt, nobody drives their cars...no more global warming - win win

Posted by: Typical Leftard talking point at February 17, 2011 01:21 PM (FIDMq)

4 arrg...damn sock, still works i guess

Posted by: Red Shirt at February 17, 2011 01:22 PM (FIDMq)

5 This is the election strategy: to get top GOPers to repudiate any questions about O's eligibility since states are passing statutes requiring candidates to provide long form birth certificates to prove eligibility to run for office.
O is trying to do and end run around that question, because valuable electoral college votes are at stake.

Posted by: Taking It Back at February 17, 2011 01:23 PM (HqFeB)

6 Yay... I've been doing this for about 2 or so years.. calling Obama mathematically illiterate, a math retard, "don't they teach math at Harvard?"...

Posted by: IreneFingIrene at February 17, 2011 01:23 PM (JKe0g)

7 so if Obama spins this as "Republican hysteria", plays on it successfully so the Republicans lose the House, he gets reelected...
The bomb goes off in 2015- 1 year before a huge election- and his party gets all of the blame.

We need to believe that NOBODY in the entire Democratic party sees the disaster coming so they go full tard
OR
someone in the party sees it and doesn't care that they will be in the political wilderness for 30 years hence
OR
some of the power brokers on the left realize what is coming and will lean on Obama to shift and take the Republican cuts, spin off them to cruise to reelection but simultaneously keep the cuts going to stave off the 2015/2016 implosion so his successor can get elected.

I think option 3 is the most likely- these people crave power and while nuts they know doing nothing guarantees they lose power until they are too old to enjoy it.

Posted by: CAC at February 17, 2011 01:23 PM (lV4Fs)

8 You don't think climate scientists become climate scientists because they're good at math, do you?

Posted by: AmishDude at February 17, 2011 01:23 PM (BvBKY)

9 The only God Zero worships resides in his mirror.

Posted by: maddogg at February 17, 2011 01:25 PM (OlN4e)

10 Math a "handmaiden" of the sciences? Bullshit. Math is the Queen of the sciences.

Posted by: AndrewsDad at February 17, 2011 01:25 PM (C2//T)

11 The media has always been biased and unprofessional in its presentation of news. The difference between today and the past is thattoday, people who care to find out the truth are no longer forced toseek it from a monopoly of TV networks, newpaper and magazine publishers.
It seems that theloss of the monopoly has driven the journalism elites to conclude that the solution is to double down on the stupid. As if becoming more shrill and obviously biased is going to restore their dominance.
And as a result, they're all headed forbankruptcy.

Posted by: Cicero at February 17, 2011 01:25 PM (QKKT0)

12 I think that was only a 4 on Ace's rant scale. Still good though.

Posted by: Dr Spank at February 17, 2011 01:25 PM (t60fX)

13 >>And not in goddamned 2115 but in 2015

You're a hell of lot more optimistic than me. All it's going to take is for the bond market to balk at buying our increasingly worthless debt and the whole house of cards is going to come tumbling down.

Posted by: JackStraw at February 17, 2011 01:25 PM (TMB3S)

14 It is typical Reichstag Media. I think when you enter the home of Leftists you have to leave your muddy brain at the door. Rascilly conservatives leave they muddy boots at the door.

Posted by: Hous Bin Pharteen at February 17, 2011 01:26 PM (nRF6+)

15 10 Math a "handmaiden" of the sciences? Bullshit. Math is the Queen of the sciences.
Posted by: AndrewsDad at February 17, 2011 01:25 PM (C2//T)
I prefer "goddess" but I have a vested interest so won't quibble.

Posted by: AmishDude at February 17, 2011 01:27 PM (BvBKY)

16 Wow...no dems showed up in the WI state senate...so no vote can take place
The gov has the cops looking for them

Posted by: beedubya at February 17, 2011 01:27 PM (AnTyA)

17
Very nice. Classic Ace.

As Newsweek would print: Ace is Back!

Posted by: dolphin-safe soothsayer at February 17, 2011 01:27 PM (uFokq)

18 The Republicans don't care about deficits. It's only when they're out of power that they care about deficits.

There's another problem too. The problem is specific to the knucklehead worldview. For the knucklehead, in a time of recession defined by shrinking private investment and rising unemployment, the best way to solve the problem is to increase the problem: contract government revenues and spending at a time when the government is the only resource for economic stimulus. Doing so is suicidally stupid. But knuckleheads are stupid.

One thing to admire about the United States capitalist class is that they are absolutely masters at convincing the middle class and working poor that they should suffer the aims of austerity, while the rich sacrifice nothing, ever. I know because fuck the rich, even though 50% of the public pays NOTHING in taxes but hey...facts don't matter.

Knuckleheads hate themselves.

Posted by: some holocaust denying liberal who shits bubblegum and farts kisses at February 17, 2011 01:27 PM (LhS5j)

19 6 Yay... I've been doing this for about 2 or so years.. calling Obama mathematically illiterate, a math retard, "don't they teach math at Harvard?"...

Not really. And certainly not in the law school.

Posted by: AmishDude at February 17, 2011 01:27 PM (BvBKY)

20 "don't they teach math at Harvard?"...

Posted by: IreneFingIrene at February 17, 2011 01:23 PM (JKe0g)
Not at the affirmative action law school he attended...Where's the Columbia and Occidental transcripts Barry?

Posted by: Hedgehog at February 17, 2011 01:28 PM (Rn2kl)

21 And as a result, they're all headed for bankruptcy.

Posted by: Cicero at February 17, 2011 01:25 PM (QKKT0)

I think it is funny CNN is trying to spin itself into a "centrist" choice. While it is still failing, it isn't in the crisis state it was just a year ago nor is it in freefall like MSNBC.
They have E. E. Erickson or whatever his name is, I guess that makes them "balanced", heh?

Posted by: CAC at February 17, 2011 01:28 PM (lV4Fs)

22 Oh, and that's DOCTOR knucklehead to you, erg.

Posted by: AmishDude at February 17, 2011 01:29 PM (BvBKY)

23 Somebody in an earlier thread pointed out the ridiculous headline on Yahoo news today: Unemployment rises despite recovery"........

Posted by: Luca Brasi at February 17, 2011 01:29 PM (YmPwQ)

24 Unemployment claims unexpectedly rose to 410k.

Posted by: toby928™ at February 17, 2011 01:29 PM (GTbGH)

25 I don't think that the 'political class' believes that there is really an immidiate crisis. Japan has trudged along like a zombie for decades with little to no growth, debt over 200% of GDP, and even more severe demographic problems.

Posted by: Paper at February 17, 2011 01:30 PM (VoSja)

26 That's something I've been thinking about recently. The MBM either doesn't believe it will hit them (but it will), or they've thrown in so solidly on ideology that they're willing to fiddle on the way into the abyss just to be good Democrats.

Posted by: nickless at February 17, 2011 01:30 PM (MMC8r)

27 Yay... I've been doing this for about 2 or so
years.. calling Obama mathematically illiterate, a math retard, "don't
they teach math at Harvard?"...

Posted by: IreneFingIrene at February 17, 2011 01:23 PM (JKe0g)
I'd like to know what the Indonesian Illiterate is well educated in. In addition to math (as in elementary arithmetic), he doesn't know a damn thing about history, constitutional law, English (he regularly doesn't conjugate verbs correctly) or science.

Posted by: Captain Hate at February 17, 2011 01:31 PM (eh+ki)

28
And the DJIA is the indicator for the world's biggest ponzi scheme.

Posted by: dolphin-safe soothsayer at February 17, 2011 01:31 PM (uFokq)

29 I don't think that the 'political class' believes that there is really an immidiate crisis. Japan has trudged along like a zombie for decades with little to no growth, debt over 200% of GDP, and even more severe demographic problems.
Just hold it off for 2 more years...just 2 more years...

Posted by: The MBM at February 17, 2011 01:31 PM (BvBKY)

30 >>You're a hell of lot more optimistic than me. All it's going to take is
for the bond market to balk at buying our increasingly worthless debt
and the whole house of cards is going to come tumbling down.


The US government is the bond market. You know who owns most of the government's debt? We do, the American people. Expect inflation to keep ramping up as we but more of our own debt with little growth to show for it.

Posted by: Dr Spank at February 17, 2011 01:31 PM (t60fX)

31 Aaaaaand ergie has zilch. Squat. Nada. As usual.

Posted by: joncelli at February 17, 2011 01:31 PM (RD7QR)

32 Leftards don't much like mathematics. It isn't very friendly to muddled minds. The kind of mind thatharbors leftard brainwaves. They much prefer touchy-feely thinking, it makes them feel good and the brain doesn't actually have to make any electrically conductive connections.

Posted by: maddogg at February 17, 2011 01:32 PM (OlN4e)

33 I just watched a Sunday talk show in which the host -- David Gregory, I think -- would not stop asking Boehner to swear to a fact about which he knows nothing (Obama's citizenship)

Every Republican needs to commit one (admittedly rough) number to memory: the current rate of increase in the national debt. Then, when asshats like Gregory start on some ambush line of questioning, like birhterism, they can slam them with a reply like:

"I believe that the number of people who believe that Barack Obama is not a citizen is roughly equivalent to the number of people who think that George W Bush 'stole' the 200 election- and both groups are worthy of the same consideration, which is none. Meanwhile, in the time that it took for you to ask that ridiculous question the debt burden on our children and grandchildren has grown by XXXX dollars. Now, are we going to have a serious conversation about how we address that problem and secure our children's futures or are we going to continue with this nonsense?"

Posted by: Nighthawk at February 17, 2011 01:32 PM (RSqz2)

34 Ace, watch out! Media Matters will quote your sarcastic Holocaust denial, but fortunately they won't have Olby to fume with righteous indignation on TV about it.

Posted by: Chairman LMAO at February 17, 2011 01:33 PM (9eDbm)

35 Oh, and we're going to see little ice age-style cooling for the next 30 to 40 years anyway, so hopefully we can put a stake in the AGM scam at the same time we finally haul the nation away from the welfare state.

Posted by: joncelli at February 17, 2011 01:33 PM (RD7QR)

36 Quit saying he's unlearned in math.
Everyone knows he was right when he said that by passing Obamacare we'd see our premiums decrease by 3,000%.

Posted by: laceyunderalls at February 17, 2011 01:34 PM (pLTLS)

37 Answer to all questions about the Blood Libel Media: because they are socialist propagandists.
Next thread.

Posted by: snort! at February 17, 2011 01:34 PM (K/USr)

38 I'd like to know what the Indonesian Illiterate is well educated in. In addition to math (as in elementary arithmetic), he doesn't know a damn thing about history, constitutional law, English (he regularly doesn't conjugate verbs correctly) or science.
Ask him about Reinhold Niebuhr, man. He knows the shit! And did you check out those trouser creases?
Obama is natural aristocracy.

Posted by: David Brooks at February 17, 2011 01:34 PM (QKKT0)

39 I'm wish I was alive in 300 years to read history books about this time period.

Posted by: Ben at February 17, 2011 01:34 PM (wuv1c)

40 Okay moron/ettes go here and skew the vote. Use the union tactics against them in WI.

http://tinyurl.com/4gyp2y7


Posted by: mpfs at February 17, 2011 01:35 PM (iYbLN)

41 #39
books?
Yeah, good luck with that.

Posted by: CAC at February 17, 2011 01:35 PM (lV4Fs)

42 This is why I always laugh when I hear the "reality-based community" canard being thrown out by lefties. In fact, I've found out that many leftists in private will admit that our fiscal house is doomed to collapse; but they view this as a desirable outcome (so long as we're all equally broke, they don't mind).
The grimly hilarious part of it all is that the most obstinate and reality-denying segment of the leftist population are the very people most at risk from collapse: Boomers on the cusp of retirement. These are the 60's hippies and flower-children* who are now desperately trying to ignore the evidence of a conflagration that they themselves had a significant hand in starting.
Leftists, and Democrats more generally, live in a fantasy-land where wealth can simply be brought into being ex nihilo, or appropriated from the producers and creators of the world with no repurcussions. It is magical thinking of the very worst kind, but few leftists seem to be immune from it.
*Yes, I know not all Boomers are hippies and flower-children. Please route all hate-mail to /dev/null.

Posted by: Monty at February 17, 2011 01:36 PM (4Pleu)

43 39
I'm wish I was alive in 300 years to read history books about this time period.



Posted by: Ben at February 17, 2011 01:34 PM (wuv1c)

If we're not careful they'll call it "The Days Leading Up to The Glorious Socialist Revolution." Because calling it anything else lands them in the gulag in central Alaska.

Posted by: joncelli at February 17, 2011 01:36 PM (RD7QR)

44 I'm wish I was alive in 300 years to read history books about this time period.

They will be written in Mandarin.

Posted by: toby928™ at February 17, 2011 01:36 PM (GTbGH)

45 ...and damnright math is the goddess of the sciences.

Posted by: Paper at February 17, 2011 01:36 PM (VoSja)

46 I am afraid 2015 is optimistic, we are seeing stagflation in todays unemployment and inflation reports. At the same time we are seeing the middle east blow up.
Jimmy Carter II anyone?

Posted by: robtr at February 17, 2011 01:36 PM (hVDig)

47 Take erg for example. Outside of his ability to suck start a Harley, what could that stupid idiot trade in gainful employment? I doubt he could balance a checkbook.

Posted by: maddogg at February 17, 2011 01:37 PM (OlN4e)

48 I mean, unlike the Holocaust, math is real.

If they had any grasp of mathematics, they would have had more career choices than Pravda Parrot.

Posted by: HeatherRadish at February 17, 2011 01:38 PM (nAOMZ)

49 These are the 60's hippies and flower-children* who are now desperately trying to ignore the evidence of a conflagration that they themselves had a significant hand in starting.

Hey! Hey! We didn't start the fire! Why do you keep rolling your eyes!

Posted by: Billy Joel, et al. at February 17, 2011 01:38 PM (RD7QR)

50 I'm wish I was alive in 300 years to read history books about this time period.
300 years after Rome, literacy was a precious luxury. Just sayin'.....

Posted by: Circa (Insert Year Here) at February 17, 2011 01:38 PM (B+qrE)

51 The thing we need to find out is if The Big O' has become just another media rockstar who wants re-election, or if he is STILL a hardcore radical. If he is still a radical he wants the economy to fail. Another Great Depression is going to forment unrest and give communism power. And with Obamo in command for the next 40 years.

Posted by: Hous Bin Pharteen at February 17, 2011 01:38 PM (nRF6+)

52 So, what was that about the media being our only hope in the budget battles with the "cocksucker"? Yeah, get used to it, there's no hope.

Posted by: Jarod at February 17, 2011 01:39 PM (f4rWB)

53 8
You don't think climate scientists become climate scientists because they're good at math, do you?

They are good at hiding it behind flawed computer models.

/Math, what's that? Oooh, a shiny computer screen!


Posted by: Kratos (Ghost of Sparta) at February 17, 2011 01:39 PM (9hSKh)

54 You know who owns most of the government's debt? We do, the American people.
Yeah...not so much. And less so as time goes by.

Posted by: Monty at February 17, 2011 01:39 PM (4Pleu)

55 The media is willing to do this BECAUSE they are liberals. And all liberals believe the same thing. The believe Communism has failed because of the evil people in other places implementing it.

It will be successful in this country because they are God and their Communist efforts will be "all smart" and "all powerful" and a new utopia will blossom forth and all will be lollipops and skittles.

This despite every State in the union that has a major socialist/communist bent to it is failing miserably. The heavier the city or State is invested in communism, the bigger the failure.

I think they are insane. Their disillusions have finally wiped their brains such that they can not determine the difference between fairy tales and reality.

Posted by: Vic at February 17, 2011 01:40 PM (M9Ie6)

56 The grimly hilarious part of it all is that the most obstinate and reality-denying segment of the leftist population are the very people most at risk from collapse: Boomers on the cusp of retirement. These are the 60's hippies and flower-children* who are now desperately trying to ignore the evidence of a conflagration that they themselves had a significant hand in starting.
Consider simply: inflation. Those of us who are working won't be hit too much by inflation, but if you're living off of some sort of retirement account or even a pension, guess what? Even the Social Security index for inflation, if it remains, will be a fraction of real inflation.
And even if you think you'll escape all that, there'll be bracket creep, not to mention that Bill Clinton raised taxes on Social Security.

Posted by: AmishDude at February 17, 2011 01:40 PM (BvBKY)

57 300 years after Rome, literacy was a precious luxury. Just sayin'.....

Posted by: Circa (Insert Year Here) at February 17, 2011 01:38 PM (B+qrE)
So, why don't we ever get any credit? Rampaging Germans? Pfffttt...

Posted by: Byzantium at February 17, 2011 01:40 PM (7BU4a)

58 The ice caps will totally melt down long before our economy!!!11!!eleventy!!!11!

Posted by: Algore at February 17, 2011 01:41 PM (vvAsp)

59 I mean, it's as if actions had consequences. That not what Marcuse said!

Posted by: Former smelly hippies, et al. at February 17, 2011 01:41 PM (RD7QR)

60 Another Great Depression is going to forment unrest and give communism power. And with Obamo in command for the next 40 years.

--

It's ok, Dear Leader will show us the way, and Keynesian theory will save us just like it did back in the 1930's!

But remember, everything else in history, pre-Obama, is just the product of racist, christian, ethnocentric American idiocy.

Posted by: Wisconsin High School Economic Teachers at February 17, 2011 01:42 PM (jGXQI)

61 You don't think climate scientists become climate scientists because they're good at math, do you?


Well, it took Michael Mann something like a decade to fudge the numbers to give us the Hockeystick of Global Warming Doom so, I'd say, no, math isn't his strong point.

Posted by: 18-1 at February 17, 2011 01:42 PM (7BU4a)

62 at a time when the government is the only resource for economic stimulus.
Indeed. Now think about that thought just a couple of steps ante and proximo, come on, twizzler brain, you can do it.....

Posted by: Circa (Insert Year Here) at February 17, 2011 01:42 PM (B+qrE)

63 erg seems to have missed that this is the two-year anniversary of the Stimulus.

That 'stimulative' government spending that didn't do shit.

Meanwhile, the government continues to swallow up future growth by spending, spending, spending, and adding all that money (plus interest) to the money pit that's going to swallow us all up.

And this empty-suited imbecile proposes 'high-speed rail' and government-subsidized windmills as the future, rather than just downsizing the outsized government and letting the people who make the real (not the artificial, politicized, wasteful, bureaucratic, and credit-card funded) economy use their resources to actually build something that stands on it's own.

You're the hypocrite, erg.

Posted by: nickless at February 17, 2011 01:42 PM (MMC8r)

64 I mean, unlike the Holocaust, math is real.

Word.

Posted by: Helen Thomas at February 17, 2011 01:43 PM (7BU4a)

65 And even if you think you'll escape all that, there'll be bracket
creep, not to mention that Bill Clinton raised taxes on Social Security.

Isn't the AMT supposed to catch almost everyone with a job Real Soon Now?

Posted by: HeatherRadish at February 17, 2011 01:43 PM (nAOMZ)

66 Why oh why can't we learn the lesson of 1946??? From Cato last spring (too lazy to post link...

Government canceled war contracts, and its spending fell from $84
billion in 1945 to under $30 billion in 1946. By 1947, the government
was paying back its massive wartime debts by running a budget surplus of
close to 6 percent of GDP. The military released around 10 million
Americans back into civilian life. Most economic controls were lifted,
and all were gone less than a year after V-J Day. In short, the economy
underwent what the historian Jack Stokes Ballard refers to as the "shock
of peace." From the economy's perspective, it was the "shock of
de-stimulus."

Leo Cherne of the Research Institute of America and Boris Shishkin, an
economist for the American Federation of Labor, forecast 19 and 20
million unemployed respectively — rates that would have been in excess
of 35 percent!

After the Second World War, unemployment rates, artificially low
because of wartime conscription, rose a bit, but remained under 4.5
percent in the first three postwar years — below the long-run average
rate of unemployment during the 20th century. Some workers voluntarily
withdrew from the labor force, choosing to go to school or return to
prewar duties as housewives.


But, more importantly to the purpose here, many who lost
government-supported jobs in the military or in munitions plants found
employment as civilian industries expanded production — in fact civilian
employment grew, on net, by over 4 million between 1945 and 1947 when
so many pundits were predicting economic Armageddon.


Household consumption, business investment, and net exports all
boomed as government spending receded. The postwar era provides a
classic illustration of how government spending "crowds out" private
sector spending and how the economy can thrive when the government's
shadow is dramatically reduced.

Posted by: Hedgehog at February 17, 2011 01:44 PM (Rn2kl)

67 This is why I always laugh when I hear the "reality-based community"
canard being thrown out by lefties. In fact, I've found out that many
leftists in private will admit that our fiscal house is doomed to
collapse; but they view this as a desirable outcome (so long as we're
all equally broke, they don't mind).

I often had liberals tell me they believe that the world will end soon from an unavoidable environmental catastrophe - so they will tell you nothing really matters except the very here and the very now.

Posted by: 18-1 at February 17, 2011 01:45 PM (7BU4a)

68 Since 2000 we have increased government spending by 62%. If government spending was the answer we would be in the biggest economic boom in our history.

Posted by: robtr at February 17, 2011 01:46 PM (hVDig)

69 Even the Social Security index for inflation, if it remains, will be a fraction of real inflation.
Yep. Consider: the Fed considers inflation "low" now...unless you need to buy food or gas for your car. You can't pump a shitload of funny-money into the economy and not get inflation, especially in a recessionary environment. (If you increase money but not GDP, all you're doing is watering down the currency still further. "Money" is not the same as "wealth".)

Posted by: Monty at February 17, 2011 01:47 PM (4Pleu)

70 I often had liberals tell me they believe that the
world will end soon from an unavoidable environmental catastrophe - so
they will tell you nothing really matters except the very here and the
very now.


Posted by: 18-1 at February 17, 2011 01:45 PM (7BU4a)

If they believe this shit, fine ruin your own PERSONAL finances and leave the public ones to the responsible adults.

Posted by: Hedgehog at February 17, 2011 01:47 PM (Rn2kl)

71 But, more importantly to the purpose here, many who lost
government-supported jobs in the military or in munitions plants found
employment as civilian industries expanded production — in fact civilian
employment grew, on net, by over 4 million between 1945 and 1947 when
so many pundits were predicting economic Armageddon.

There was a tremendous pent up demand coming out of the war years. Think about how many people wanted new automobiles.

Posted by: toby928™ at February 17, 2011 01:48 PM (GTbGH)

72 I mean, unlike the Holocaust, math is real.

Holy shit, is Ace a Holocaust denier?!

Posted by: Hedgehog at February 17, 2011 01:48 PM (Rn2kl)

73 There was a tremendous pent up demand coming out of the war years.
There was also the fact that the United States was pretty much the only industrial power left standing with an intact physical plant and enough investment capital to provide loans to the rest of the world. By 1970, all those advantages had pretty much disappeared -- which, not coincidentally, is when the "industrial belt" in the US started turning into the "rust belt".

Posted by: Monty at February 17, 2011 01:50 PM (4Pleu)

74 There was a tremendous pent up demand coming out of the war years. Think about how many people wanted new automobiles.
Posted by: toby928™ at February 17, 2011 01:48 PM (GTbGH)
There is also the little talked about fact that collectively we destroyed the industrial output of the rest of the world.

Posted by: robtr at February 17, 2011 01:51 PM (hVDig)

75 A related story .....

So, we're to believe that Bill Clinton didn't inhale, and Scott Brown didn't swllow?

Posted by: Brian at February 17, 2011 01:51 PM (sYrWB)

76 If they believe this shit, fine ruin your own PERSONAL finances and leave the public ones to the responsible adults.


Posted by: Hedgehog at February 17, 2011 01:47 PM (Rn2kl)
Well, that's a hallmark of liberalism. Consider that they forced Obamacare on us instead of the Obama Health Group.Essentially to eat, drink, and be merry they are going to have to take your money...now. But again, since we are all dead in the near term anyway, who cares, right?

Posted by: 18-1 at February 17, 2011 01:52 PM (7BU4a)

77 So, we're to believe that Bill Clinton didn't inhale, and Scott Brown didn't swllow?

Posted by: Brian at February 17, 2011 01:51 PM (sYrWB)
Dude that joke sucked.

Posted by: Monica Lewinsky at February 17, 2011 01:52 PM (7BU4a)

78 Nicholson the curmudgeonly author, when approached by a fan in As Good As It Gets, has some dialogue:

Fan: Ooh, i just love your work. It's like you can see what's in my heart. How do write about liberals/the MBM so well?

Nicholson: Well, I take a conservative, strip away all logic and reasoning, then think about what they would say or do.

Fan: :sad: frowns

Note that the actual subject he was deriding was, er, different, and is much more apropos this way. In fact, as originally written it made no sense whatsoever. Really. Pinkie swear.

Posted by: GnuBreed at February 17, 2011 01:53 PM (h0RtZ)

79 Holy shit, is Ace a Holocaust denier?!
Dude, tongue, cheek....some assembly required.

Posted by: Circa (Insert Year Here) at February 17, 2011 01:53 PM (B+qrE)

80 Michelle will fight obesity by having her 'husband' put us all on the low-carb bread lines.

Posted by: nickless at February 17, 2011 01:54 PM (MMC8r)

81 Household consumption, business investment, and net exports all boomed as government spending receded.
Back then, there was a "real" economy in the sense that the housing market andthe business environment were not intermixed with government subsidization. Education was (the GI Bill of 1946), but very few were going to college prior to the war.
Until government stops subsidizing industry, edcuation, and the housing market, it doesn't matter how much government spends elsewhere. We're boned.

Posted by: The Q at February 17, 2011 01:56 PM (AXHCj)

82 It's probably best for the MFM to sit out the economic news regardless.They have no hope of getting it right. They'll just push us into bad decisions.
Of course, I do thinkthat while the over-spending is indeed quitebad we tend to get a little hysterical about it on our side as well. Government spending misallocates resources, and creates inflation when excessive, and that's why it's bad. Butpeople talk about China "calling in their debt" as if it were secured by some kind of collateral. They say the government will run out of money and default. They compare US inflationary forces to those of Weimar Germany and Zimbabwe, which are totally different scenarios. Stuff like that. This creates panic thinking, and is unhealthy.
The US government neither has nor doesn't have money.Money isn't backed by anything. You can't go to the government and ask for anything other than dollars when aT-bill matures. And what happens? Someone goes to a computer and zeros move around, or are created from nothing. Just like when I pay my taxes -the number in my account goes down. Not much else.We're taxed to create/sustain dollar demand, not todirectly fund the government. As for Zimbabwe and Germany - they were having to print money to obtain other currency to pay their debts. Germany's WW1 warreparations were payable in gold, and the payment terms impossible, so the German govt had to print more and more money to try to buy more and more gold. Zimbabwe's situation was similar in that their money was backed by dollars. They can't create more dollars and more than Germany could create gold.

Posted by: Reactionary at February 17, 2011 01:59 PM (xUM1Q)

83 #81.
Exactly. Few people know that the majority of the GI Bill for education went to vocational schools and employer training as well. This fantasy of riches because 70% of the population has a watered down education or social science degree is insane.

Posted by: Paper at February 17, 2011 02:00 PM (VoSja)

84
There was a tremendous pent up demand coming out of the war years. Think about how many people wanted new automobiles.


Posted by: toby928™ at February 17, 2011 01:48 PM (GTbGH)
Bingo.

Because of rationing there was lots of stuff people couldn't buy even though they could afford it. So there was lots of savings as well as pent up consumer demand.

Most people never consider those facts.

Posted by: Ed Anger at February 17, 2011 02:04 PM (7+pP9)

85 NBC has a Green Week.


Shark Week is 1000 x better!

Posted by: moi at February 17, 2011 02:05 PM (Ez4Ql)

86 Until government stops subsidizing industry, edcuation, and the housing market, it doesn't matter how much government spends elsewhere. We're boned.
Posted by: The Q at February 17, 2011 01:56 PM (AXHCj)
I agree in many respects with this - especially housing education, since the government created the bubbles in those two. However, many productionindustries are subsidized by our foreign competitors' governments. If domestic industry is thrown to the wolves to compete unaided against subsidized enterprises they will go down. Then our enemies corner the market for that product once our domestic means of production is destroyed. Meanwhile US buying power is undermined because productive employment is diminished.

Posted by: Reactionary at February 17, 2011 02:07 PM (xUM1Q)

87

However, many
productionindustries are subsidized by our foreign competitors'
governments. If domestic industry is thrown to the wolves to compete
unaided against subsidized enterprises they will go down. Then our
enemies corner the market for that product once our domestic means of
production is destroyed. Meanwhile US buying power is undermined
because productive employment is diminished.

Posted by: Reactionary at February 17, 2011 02:07 PM (xUM1Q)
The way to deal with that is to use tariffs to level the playing field.

Posted by: Ed Anger at February 17, 2011 02:15 PM (7+pP9)

88
GnuBreed: You realize that was Julie Benz he was insulting? Marvin Udall was later found to be drained of all blood.

Posted by: moi at February 17, 2011 02:15 PM (Ez4Ql)

89
Dude, tongue, cheek....some assembly required.

Posted by: Circa (Insert Year Here) at February 17, 2011 01:53 PM (B+qrE)

Take your own advice...

Posted by: Hedgehog at February 17, 2011 02:15 PM (Rn2kl)

90 You know what would really rock...Shark eats greenies week. We could use the envirotards as chum to see the flying great whites bite them and spit their smelly asses out!!

Ratings bonanza I say!

Posted by: Hedgehog at February 17, 2011 02:17 PM (Rn2kl)

91 Ace, the problem with your analysis is that you assume that spending is the root of the problem. It is not. We can make the deficit go away whenever we want to. All that we have to do is raise taxes on millionaires and corporations. Bam! Problem solved.

Posted by: tommylotto at February 17, 2011 02:29 PM (oHIHU)

92 >>>Holy shit, is Ace a Holocaust denier?!

dude, come on. Not only is this a joke it's an old, old, hack joke. Comics say this a lot.

Posted by: ace at February 17, 2011 02:44 PM (nj1bB)

93
There is no incosistency in thecommnist dominatedmedia. They hate the US, capitalism and success.
New Green = Old Red
Their goal is that everyone freezes to death in the dark so that Mother Earth may be purified. Budgetry insanity and climate insanity are convenient means tothis end.

Posted by: Dennis at February 17, 2011 02:51 PM (sb8LP)

94 Why are those who claim that math has suddenly stopped functioning in 2010 not deemed to be "anti-math"?
If I may ...
There are different kinds of math. There's the math that scientists use, and there's the math that accountants use. Science math is complicated. It has numbers and letters and upper-case Greek letters and lower-case Greek letters and arrows and configurations with dots and rectangles and arrows, and it's all very confusing. This kind of math is best left to the experts, and we're better off just trusting them with it.
Accountingmath, however, is very simple. It's just numbers and mostly addition. Because anyone can understand accounting math, anyone can do it. I mean, this is basically a sixth-grade discipline, when you get right down to it. And so what if you do badly at it? You already have a law degree. Besides, this isn't the kind of math that they use to comes up with those tiny iPod things, so it isn't really important anyway. It's better to be creative and express yourself.

Posted by: FireHorse at February 17, 2011 02:58 PM (k3RPu)

95 Not only is this a joke it's an old, old, hack joke. Comics say this a lot.
My dog wouldn't acknowledge the Holocaust. Then I spilled some spot remover on him. Now he's gone.

Posted by: Steven Wright Copycat Holocaust Comic at February 17, 2011 03:03 PM (k3RPu)

96

Yeah, these cocksuckers whine and cry and piss all over themselves about spending cuts, but NEVER EVER have a single notion about questioning a gigantic increase in SPENDING.

It is fucking incredible.

Posted by: Rev Dr E Buzz at February 17, 2011 03:08 PM (tcSZb)

97 People think collapse can't happen.
In 1914 Germany was one of the strongest nations on earth. So strong it attacked both France (knowing that Britain would align with France too) and Russia pretty much simultaneously (and Russia with millions of soldiers on the German border).
About 10 years later the Germancurrencycollapsed and inflation was so high (from Defying Hitler, by Sebastian Haffner) that when the middle class got paid, typically once a month then, families bought all their food for the entire month immediately. Why? In a few days that same money wouldn't even buy a day's worth of food.
Go another 10 years and you see what's possible ANYWHERE. The Germans aren't anymore predisposed to facism then Egyptians or Americans. The Germans were strong, but then collapsed. In that wake, is it really odd that a politician might rise with a message centered on identifying the 'other' within? Hell, in the Middle East they have every day shitty conditions but no real movement one way or the other and they gladly blame the Jews. How much easier for a society, once great, to find an 'other' to blame?

Posted by: East Bay Jay at February 17, 2011 03:11 PM (ocHBO)

98 That should be a "collapsed society, once great".
In the same vein, I wonder how many educated, smart folks that read the paper everyday could get this one right:
In an attempt to determine the present value of future pension obligations that California is currently obligated for, i.e. benefits earned only up to that time, the state contracted with Stanford University to estimate this number. Stanford estimated that this obligation amounted to more than $500 billion.
If California stopped all of it's payments to state workers, state contractors, bond holders - literally a full stop on all payments, but continue to collect taxes - and just put money in the bank to fill this $500 billion 'hole', how long would it take?
a) six days
b) six months
c) six years
d) six decades
e) Palin's an idiot! Rush is mean!

Posted by: East Bay Jay at February 17, 2011 03:22 PM (ocHBO)

99 Answer = c) six years

Posted by: East Bay Jay at February 17, 2011 03:24 PM (ocHBO)

100 Ace: "...and the media fails to take to task those
who deny we have a serious problem, permitting them to speak in
gibberish and evasions rather than commit to staving off financial
Armageddon."

And this is exactly why I read about national news from bloggers like you as opposed to the over-produced, under-researched, disingenuously compiled tripe the David Gregory's of America shill. This is not hyperbole. I abandoned the MBM /MFM over a decade ago and only regret that I didn't start the boycott a decade earlier. You morons are infinitely more honest and direct despite your somewhat gamey bouquet and hairy knuckles (or hump).

Posted by: AnonymousDrivel at February 17, 2011 03:27 PM (swuwV)

101 Fiscal Fantasy Island: tales of visitors to a unique financial island that can fulfill literally any fantasy requested.


Fiscal Fantasy Island (FFI) is a statist government, where there is very little that the host,
Mr. O'Barack cannot provide. Thus worthy visitors have adventures in
financial shenanigans that should be impossible, but this government can accommodate
them via taxpayer-financed bailouts for any failed private enterprise deemed worthy and to engage anyone
they need to fulfill their requests (such as getting Ben Bernanke to print untold gazillions of dollars for their get-rich-at-taxpayers'-expense schemes). A repeated and annoying buzzkill on FFI is Mr. O'Barack's
mental midget of an assistant, Joe "Babaloo" Biden, who, upon hearing of incoming fiscal supplicants, runs up to the bell tower to ring the bell and shout
"De high-speed trains!, De high-speed trains!"


Posted by: ya2daup at February 17, 2011 04:01 PM (0AClR)

102 Take erg for example. Outside of his ability to suck start a Harley,

He's probably too weak for that.

Actually that would be a good Moron, Biker Mythbusters test. Would a sufficient vacuum pull the exhausting cylinder up fast enough to spin through the following compression and then fire?

No way I'm Googling "suck start" though.

Posted by: Dave at February 17, 2011 04:03 PM (FbRAx)

103 Stretching the MEDIA showing itself as catastrophic denialists:

Logan was on Charlie Rose, saying it would not be smart for her to return because of the circumstances existing in Egypt, and that unless she had an interview with the President Mubarak, she wouldn't return.

"[Logan] was not in the country for long -- she'd been thrown out, if you remember -- and had just gone back in," one source said. "She had security with her, but it wasn't enough." In Friday's attack, she was separated from her colleagues and attacked for between 20 to 30 minutes, receiving serious injuries.

So who sent her back? She didn't have an interview arranged with anyone, but was covering the mob on the street, the exact thing she had admitted on air was "stupid" for her to be doing again, that she wouldn't do again. So CBS ordered her back on the scene with inadequate security measures.

Posted by: by any other name at February 17, 2011 05:18 PM (H+LJc)

104 Suck Start is old biker slang. I'm sure wikipedia has it.

And as for "math is the goddess of the sciences."
Math may be the goddess but statistics are the devil. Plenty of mathematicians fell for the global warming fraud, but statisticians saw the lie from the first skewed study.

Either way, math is really the only science that is always right, even though, like everything else, it is frequently wrong..

Posted by: Michael Gersh at February 17, 2011 11:58 PM (n1PBa)

105 Too bad for those infernal scribblers and no account sidewinders and lilylivred polecat journalists but their years of lying to the public is finaly catching up to them and now their paying the price for their arragance

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108 I am seeing stagflation in todays unemployment and inflation reports. At the same time i am seeing the middle east blow up.I am afraid 2015 is optimistic.
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