Krugman was completely wrong

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Sunday January 11, 2009 · 9:25 PM PST

2009/01/11 · 21:25

In a June 27, 2008 OpEd Paul Krugman wrote an article arguing that speculation in oil markets was not driving the huge price spike. He accused congress of only listening to "experts" that said what they wanted to hear and argued that supply and demand where the true drivers of the spike.

Tonight's 60 Minutes piece on oil speculation presents a pretty compelling case that Wall Street speculation was indeed the main driver of the ridiculous $150/barrel prices we saw last summer. It doesn't take a Nobel price winning economist to realize that there's no way the price roller coaster of the past year had anything to do with supply and demand. Is Krugman going to argue that there's 2/3 less oil demand than there was 6 months ago and that the precipitous drop in demand started happening exactly at the same time that the Wall Street banks collapsed?

It's pretty obvious that Krugman was wrong. Krugman's opinions are currently taken as gospel by many of us on the left. This is a note of caution.

McCain is a disgrace

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Saturday September 13, 2008 · 12:26 AM PDT

2008/09/13 · 00:26

No info, just commentary.

Can you imagine how much better this election would have been if John McCain had been the person he portrayed himself as? The serious, independent sraightalker? Instead he got scared by Obama's trip to Europe and decided to go dirty from the get go. These are serious times and the American people should be earnestly debating between two clear visions of the future. To think that I honestly thought at one point that McCain would be good for the election and it would focus on the real issues, not reality TV drama.

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Monday May 07, 2007 · 4:22 PM PDT

2007/05/07 · 16:22

Today the Senate approved a poison pill amendment to the bill that would legalize lower-priced prescription-drug imports. The amendment requires the secretary of HHS to certify that drug imports would pose no safety risk to American consumers, Mike Leavitt has already said he won't do that effectively killing the bill.

The original bill by Sen. Dorgan already had plenty of safeguards including allowing only drugs manufactured in FDA-approved facilities to be imported. The poison pill is an obvious attempt by big pharma to derail the bill, and they have won.

We need to remember the democrats that voted for this in the upcoming elections. There is no legitimate excuse for blocking this bill except to enrich the pharmaceutical's already overflowing coffers, and to continue the flow of pharma's contributions into these senators campaigns.

The list of Democratic senators that are owned by big-pharma after the break.

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Monday December 04, 2006 · 12:39 AM PST

2006/12/04 · 00:39

Gore really let loose on Bush in this GQ interview. For fuck's sake, Al, will you please just run for president already?

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Thursday August 24, 2006 · 8:41 AM PDT

2006/08/24 · 08:41

This story at TPMMuckraker has been cracking me up.

The Republicans, already facing an uphill battle to retain Delay's seat could have picked easy-to-write David Wallace, but instead decided that a write-in campaign for Shelley Sekula-Gibbs would be better.

Hey, it'll be fun for voters to write in a name with 20 characters and a hyphen! On an awkward trackwheel keyboard that doesn't have a hyphen!

LOL!

Can you say Congressman Nick Lampson?

Maryland ditching touchscreens for paper ballots

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Friday March 10, 2006 · 8:41 AM PST

2006/03/10 · 08:41

The Maryland House passed legislation yesterday to ditch Diebold touchscreens and go back to paper ballots. Kudos to TrueVoteMD for helping make this happen. Governor Elrich has endorsed the legislation but things don't look so good in the senate, the article says they are considering Diebold machines with paper trails.

I know this isn't supposed to be a partisan issue, but I was suprised that many of the opponents are Democrats. Have these Democrats not seen what's been going on for the last 6 years?

Kerry sucks

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Tuesday July 13, 2004 · 9:21 PM PDT

2004/07/13 · 21:21

You know, I'm all excited about kickin Bush out of office and all, but I keep thinking "why oh WHY does it have to be Kerry?"

This guy is a douchebag. Seriously. It pisses me off that I have to try to put a fresh coat of paint and spray some Febreeze on this turd to sell it to my unsuspecting friends and aquaintances, all in the interest of the higher purpose.

Please convince me otherwise, but first you'll have to explain away that Kerry

voted for the fucking Iraq war

voted for the fucking Patriot Act

voted for No Child Left Behind

voted for DOMA and is against gay marriage

supports the current crackdown on "indecency" in broadcast

I can barely tell him apart from Bush.

<mantra> lesser of two evils ... lesser of two evils ... lesser of two evils </mantra>

RSS

Krugman was completely wrong

McCain is a disgrace

Democrats who killed the bill to import cheaper drugs

Gore on Bush: "Most incompetent, inept, and with more moral cowardice... of any administration"

S-H-E-L-L-E-Y S-E-K-U-L-A--G-I-B-B-S

Maryland ditching touchscreens for paper ballots

Kerry sucks