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View Diary: Helpful Short-cuts for the Defense of President Obama from Criticism (Updated) (168 comments)

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  •  I suppose some of us firmly believe without a (3+ / 0-)
    Recommended by:
    PhilJD, poligirl, kurt

    doubt that the chained CPI is a cut so there is nothing to debate with some people.  I for one think it's a cut and my debate is with Obama who wants it.

    FWIW, what drives me especially nuts about chained CPI is that it is based on fashionable behavioral economic theory that bears no relation to people's lives.  It's an intellectual exercise gone bad.  Furthermore, the assertion that you can lower adjustments for inflation because people lower their standard of living in response to inflation means that, if implemented, it would create a death spiral for quality of life in those who can least afford it.  I see no - NO - real benefit except to those who would get off by seeing their/favorite theory put into practice or want more for the 1% at the expense of everyone else.

    The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

    by accumbens on Sat Apr 06, 2013 at 02:54:09 PM PDT

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    •  Now we're getting somewhere. I agree, even though (0+ / 0-)

      I'm ignorant of economic theory, it has to be a cut, otherwise it wouldn't impact the debt.
      Is it always a "cut" forever in all scenarios?
      I understand your concern about supporters of chained cpi being abstracted from the real pain it would cause real people.
      I also wonder about the reflexiveness of "they're touching SS, they're touching Medicare" hysteria generators.

      Personally, I'm in favor of doing the things we know would ensure the stability of SS and Medicare, like raising more revenue from the people who are making like bandits on Wall Street, (the 1%). I'm in favor of ending the "carried interest loophole" etc. and the other gimmicks for the Romney crowd. etc.
      I'm in favor of a transaction tax on energy speculation esp. and on electronic trading in general, to dampen the damage that is doing to the middle class.
      Etc.
      I'm in favor of ditching "austerity" altogether because it's bullshit.
      I still believe the key to achieving any of this is to get the House away from the gop. Not rubbing Obama's nose in the shit he didn't create in the first place.

      You can't make this stuff up.

      by David54 on Sat Apr 06, 2013 at 08:00:06 PM PDT

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      •  He was/is complicit ... (0+ / 0-)
        Not rubbing Obama's nose in the shit he didn't create in the first place.
        No, he didn't create the economic meltdown, but, among other  things that contributed to the mess he inherited, he picked an economic team that helped cause the meltdown.  He also went along with Repubs (some say caved to them) on practically aspect of their economic agenda.  So there's some shit he didn't create, but plenty that he did or let happen without a real fight.

        The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

        by accumbens on Sun Apr 07, 2013 at 01:30:04 AM PDT

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        •  I think it was Christina Romer who was right (1+ / 0-)
          Recommended by:
          accumbens

          about the size of the original stimulus bill and was not listened to by "the boys".

          If Obama had listened to her we wouldn't be having this discussion about austerity now.

          I don't think he's immune to criticism.

          You can't make this stuff up.

          by David54 on Sun Apr 07, 2013 at 06:49:29 AM PDT

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          •  Yes, the stimulus was a disaster in more ways (0+ / 0-)

            than one.  First, it was too small.  Second, it was even smaller than it looked because a third of it was a tax cut to pre-appease the Repubs.  Thirds, it didn't change the Repubs position and, despite this clear signal, Obama continued to try and appease them by pre-capitulating on nearly every action going forward.

            The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

            by accumbens on Sun Apr 07, 2013 at 07:30:57 AM PDT

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