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View Diary: Austan Goolsbee’s Departure “Leaves Behind Frustration, Political Dysfunction” (239 comments)

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  •  For 2 years - Republicans voted "no" (2+ / 0-)
    Recommended by:
    Loge, sethtriggs

    on every jobs bill, on every bill for funding for private investment, on every bill for private green jobs, etc. - while claiming "we're broke!"

    But as soon as the election was over, Republicans demanded spending for tax cuts for billionaires.

    iow - the unemployment rate would be much higher if Republicans had been in charge, implementing their "do nothing" policies while waiting for the market to "correct itself."

    If you care about your life and your money, it's BEST to vote Democratic.

    by MartyM on Tue Jun 07, 2011 at 10:51:32 AM PDT

    [ Parent ]

    •  Absolutely, Republicans are worse. (6+ / 0-)
      Recommended by:
      jabney, bablhous, blueoasis, Just Bob, roadbear, BYw

      That doesn't mean the option has been good, though.

      And we do have, after all, Republican ideas, like Trickle Down, dominating the Democratic Leadership when it comes to the Economy, right?


      Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

      by Jim P on Tue Jun 07, 2011 at 11:11:10 AM PDT

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      •  examples of Dems trickle down? (0+ / 0-)

        If you care about your life and your money, it's BEST to vote Democratic.

        by MartyM on Tue Jun 07, 2011 at 11:40:16 AM PDT

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        •  You're joking? Banker Bailout. (9+ / 0-)

          Tax-cuts making up 40% of the Stimulus package. Bernanke's QE1 and QE2. Low interest rates to big banks, which are then turned into Bond purchases from the Treasury making them a nice 3% or so for nothing, ...

          There's hundreds of statements, and plenty of actions, by the Administration and it's hand-picked people, which are premised on "get the top people happy and the benefits will Trickle Down."

          The entire economic program is predicated on this, I don't know how you can't provide examples of your own if you've been following the news for the past years.

          It's like asking for evidence that the sun is bright.

          Banker bailout. Tax-cuts making up 40% of the Stimulus package for top-of-the-head starters.


          Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

          by Jim P on Tue Jun 07, 2011 at 12:03:19 PM PDT

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          •  Can't forget the small but significant... (4+ / 0-)
            Recommended by:
            tovan, Jim P, Just Bob, roadbear

            quarter-billion dollar loan handed directly to the wife of Morgan Stanley's CEO, John Mack.

            It's hard to imagine a pair of people you would less want to hand a giant welfare check to — yet that's exactly what the Fed did. Just two months before the Macks bought their fancy carriage house in Manhattan, Christy and her pal Susan launched their investment initiative called Waterfall TALF. Neither seems to have any experience whatsoever in finance, beyond Susan's penchant for dabbling in thoroughbred racehorses. But with an upfront investment of $15 million, they quickly received $220 million in cash from the Fed, most of which they used to purchase student loans and commercial mortgages. The loans were set up so that Christy and Susan would keep 100 percent of any gains on the deals, while the Fed and the Treasury (read: the taxpayer) would eat 90 percent of the losses.

          •  only the middle class received Stimulus tax cuts (1+ / 0-)
            Recommended by:
            sviscusi

            If you care about your life and your money, it's BEST to vote Democratic.

            by MartyM on Tue Jun 07, 2011 at 02:33:33 PM PDT

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            •  Incoherent. (0+ / 0-)

              Close to 40% of the bill was targeted as tax-cuts for people hiring. People didn't hire, because they had no customers for which to hire people to service.

              Therefore, the stimulus did not stimulate job creation. It DID inflate the amount touted as stimulus.


              Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

              by Jim P on Tue Jun 07, 2011 at 06:49:22 PM PDT

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          •  you don't believe TARP was necessary? (1+ / 0-)
            Recommended by:
            sviscusi

            If you care about your life and your money, it's BEST to vote Democratic.

            by MartyM on Tue Jun 07, 2011 at 02:35:45 PM PDT

            [ Parent ]

            •  Of course it wasn't. (2+ / 0-)
              Recommended by:
              MartyM, HCKAD

              It was necessary only to save the Talibankers from not getting their bonuses.

              They are still insolvent. You'll understand later when we are paying the interest for not restructuring the banks.

              The promise, as you will remember if you dare, was that the funds would go to ease up lending to middle America.

              The reality was they held the money away from lending and used it to drive up the stock market, the price of commodities, pay themselves bigger bonuses than ever, buy Treasuries, do even more speculation than what they had done to cause the crash, and otherwise continue to transfer the public's wealth to their own private purposes.

              The reality was that lending went down! Down! to Main Street.

              Geez, don't people feel a need to remember what actually happened anymore? Don't they at least check google for old news reports?


              Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

              by Jim P on Tue Jun 07, 2011 at 06:55:48 PM PDT

              [ Parent ]

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