FDR and the New Deal: the conservatives are lying (again).

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Friday February 13, 2009 · 12:27 PM PST

2009/02/13 · 12:27

OK, at this point, the gloves are coming off. I have absolutely had it with these right-wing fascist bastards. They've wrecked this country and gotten their asses handed to them on a plate in the last election; and yet, rather than having the good sense and decency to sit their asses down and shut the hell up, they insist not only on having a voice in policy, but on completely setting the agenda. After getting their so-called "supply-side" tax cuts - policies which, predictably, produced another catastrophic breakdown of the financial system and collapse of the economy - they insist not only the continuation of such policies, but their expansion. Even now, they're so obsessed with power and so devoid of any semblance of principle, duty, honor, or morality that the leadership of the fascist movement has taken to lying about FDR and the New Deal, the only model which will allow us to recover from the catastrophe they've produced.

Poll

53 votes Show Results

Is the neo-con elite the enemy of America

53 votes Vote Now!

Is the neo-con elite the enemy of America

Yes

44 votes

4 votes

They Just Don't Give A Damn

5 votes

How To Survive Hyperdeflation, Hyperinflation, & Economic Collapse

TylerFromNE

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Wednesday January 28, 2009 · 5:22 PM PST

2009/01/28 · 17:22

I posted this last night on my site, The Daily Elitist, and since so many Kossaks seem to be losing their jobs like everyone else, I thought I'd put it up here as well. Warning: while informative, it may be depressing.

Ah, greetings again, comrades! Very much hope you exploiting proletariat have been successfully as I tell! Since last lesson, capitalist American pig Helicopter Ben Bernanke run printing presses constantly like! But no stop depression coming!

TylerFromNE

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Monday January 12, 2009 · 12:27 AM PST

2009/01/12 · 00:27

With all of the money the Fed is printing to shore up banks' balance sheets, there's been a lot of discussion centered around whether or not this new money is going to suddenly "dislodge" and cause a rapid shift to a highly inflationary, possibly hyperinflationary environment. Personally, I'm not sure, but I'd lean towards continued deflation for the moment. That notwithstanding though, I've noticed that a lot of the debate has failed to take account of two very basic, but very important distinctions: the difference between physical cash and credit money, and the difference between productive assets and paper wealth.

TylerFromNE

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Saturday January 10, 2009 · 7:29 PM PST

2009/01/10 · 19:29

It seems that some are becoming enamored with my God-like elitist liberal wisdom, smug academic superiority, and intellectual snobbery, as today I was asked about the traits of the two political parties by this high school kid writing a paper for a civics class. The ensuing response is not particularly amazing, but worthy of a post nonetheless - and probably vastly better than the thought-free, controversy-free, debate-free, feel-good, don't-make-anyone-question-their-beliefs approach to civics education which prevails in the schools today.

Question: What are the good traits of the Democratic party?

TylerFromNE

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Thursday January 08, 2009 · 3:19 PM PST

2009/01/08 · 15:19

I just spent a while discussing the Bush administration's crimes with a GOP loyalist - which is, needless to say, quite an exasperating exercise. Predictably, he refuses to admit that the administration has broken any laws whatsoever, despite the undeniable evidence of numerous violations, including torture in violation of the Geneva Accords and the UN declaration on human rights (both of which the US is party to); illegal warrantless wiretapping contra the fourth amendment and statutory law; the deliberate manipulation of intelligence to start an unprovoked, unjustified war in Iraq (which is a violation of the Nuremberg Principles); the unlawful politicization of the Justice Department; high treason in the politically-motivated outing of CIA agent Valerie Plame; and now, complicity in Israel's genocide of the Palestinians, in violation of the UN Convention on Genocide.

Poll

143 votes Show Results

Should Bush and his cronies be investigated and prosecuted?

143 votes Vote Now!

Should Bush and his cronies be investigated and prosecuted?

Yes

17 votes

Hell Yes

116 votes

10 votes

America's Rationality Deficit

TylerFromNE

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Friday January 02, 2009 · 8:39 PM PST

2009/01/02 · 20:39

Now that our fraud of an economy is collapsing, there's renewed - and belated - concern for our numerous deficits: our current account/trade deficit, our net energy deficit, our budget deficit, and our savings deficit. These are all important, and they all must be addressed; however, it's important to remember that these are all merely accounting deficits that reflect underlying economic imbalances. There's been essentially no discussion of what underlies these economic imbalances, which is a far more serious problem. The more I think about it, the more I tend to believe that these issues are simply a manifestation or derivation of a much larger deficit afflicting the society as a whole: our deficit of reason.

TylerFromNE

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Sunday December 07, 2008 · 7:53 AM PST

2008/12/07 · 07:53

I have just about had it with conservatives who insist on blaming the poor and middle class for the economic crisis. For those of us that long suspected that their ideology of unfettered capitalism is little more than a respectable veneer for anti-social self-interest, their reaction/message during the crisis provides yet more evidence for that assumption. Day after day, I hear the same thing from GOP talking heads - "borrowers were irresponsible and borrowed too much; it's their fault they're in trouble," "no bailout for Detroit, they deserve to fail," and so on, ad nauseum. As always, but perhaps to an even greater extent this time, their rhetoric is vitriolic and vile, their contempt for anyone enduring any degree of hardship during this crisis, palpable.

TylerFromNE

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Friday December 05, 2008 · 8:56 PM PST

2008/12/05 · 20:56

I'm not joking, there was a coup d'etat in Canada this week - you know, that big, sparsely populated country to our north. For the first time in history, a Prime Minister convinced (or coerced) the Governor General - the unelected representative of the British monarch - to suspend Parliament in order to prevent a no-confidence vote in the Conservatives' minority government and the formation of a tripartite coalition government including the Liberals, the New Democrats (NDP), and the Quebec Nationalist Bloc Quebecois (BQ) party. This is absolutely unprecedented and absolutely unacceptable; the fact that this was allowed to happen is yet another disgrace of the Bush administration.

TylerFromNE

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Monday December 01, 2008 · 10:07 PM PST

2008/12/01 · 22:07

I’m one who rarely looks on the "bright side," but the news of the last few weeks has been so depressing that I feel as if I have to indulge in some optimism, at least for a moment. To that end, I think one of the few positive things that may come out of the collapse of the US economy is that, at long last, the reality of Ronald Reagan’s legacy will finally be shown for what it is - a bizarre mix of cynicism, ignorance, naivety, short-sightedness and above all, failure. It’s a legacy that has given rise to a body politic that’s more concerned with the advancement of ideology over reality, that promotes selfishness over solidarity, and anti-intellectual ignorance over knowledge.

It would not be much of an exaggeration to say that it was his legacy that’s to blame for the current mess. While it’s easy to point the finger at George W. Bush - and don’t get me wrong, when it comes to competency, Bush makes Reagan look stellar by comparison - the systematic trashing of the United States of America goes back to a time before W. and Rove, back when Junior’s two biggest concerns were scoring high-grade Peruvian cocaine and determining how many shots of Jack Daniels a human being can endure before lapsing into an alcohol poisoning-induced coma. Now then, let us commence:

TylerFromNE

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Thursday November 27, 2008 · 7:25 PM PST

2008/11/27 · 19:25

Economic indicators across the board are falling rapidly. The fundamental problem here is that the global economy has developed in such a way that the US economy - and to a lesser extent, the developed economies of Europe - have become the engine of consumption. Entire economies in Asia, encompassing billions of people, have developed under the "export-oriented industrialization" model used successfully by Japan after World War II. Under this paradigm, central banks and governments suppress the value of their currencies using policies which, in effect, mean that workers and consumers in Asia are being forced to save a large portion of their income, making the goods they produce artificially cheap. To understand how this works - and why it’s no longer working - you need to understand the economic history of the world over the last 6-7 decades.

TylerFromNE

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Monday November 24, 2008 · 5:12 PM PST

2008/11/24 · 17:12

I’m often amazed - when I’m not infuriated anyways - at the pervasive lackadaisical attitude in American society towards anthropogenic climate change, even amongst those who accept its reality. I realize the problem of economic externalities and the need for a public policy solution, yet... I don’t know, I guess I wish there was a little more urgency, a lot more discussion about the magnitude of the problem and its solutions, and a hell of a lot less enthusiasm for offshore drilling for hydrocarbons. We have to entirely change how we power our society and produce goods for consumption in a very short period of time or we’ll end up cooking the planet; you’d think it’d be the most important issue - the only issue.

TylerFromNE

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Thursday November 20, 2008 · 9:02 PM PST

2008/11/20 · 21:02

So, most people by now have heard that the Fed is going to go to pursue a zero interest rate policy or something close to it. That's all well and good, but it won't make a dime's worth of difference. With the current chasm between aggregate supply and demand growing all the wider, consumers already in debt up to their eyeballs, and banks unwilling to lend, it doesn't matter how cheap money is. As demand collapses and prices go in to free-fall, interest rates are increasing in real terms, even as the nominal central bank discount rates around the world are slashed close to zero.

Poll

112 votes Show Results

Do you think Congress and Premier Bush will step up to the plate and prevent the next Great Depression?

112 votes Vote Now!

Do you think Congress and Premier Bush will step up to the plate and prevent the next Great Depression?

Yes, they've done such a stellar job so far.

3 votes

Yes, Bush wants to try and salvage something from the rubble that is his legacy.

1 vote

No, they're too busy stealing money from the tax payers to hand out to their corporate contributors.

53 votes

No, the right-wing crazies will sabotage any real rescue package because they're delusional ideologues.

17 votes

No, the Bush and the GOP leadership will sabotage any real rescue package because they care only about their own power, and they want to make Obama clean up the mess they made like the cynical infants they are.

38 votes

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