Ms HuffPo is doing her best to make her online rag the equivalent of Drudge's crappy site. They sell out journalistic integrity for ratings. But she's not helping us get our agenda moving forward. She's currently saying Warren buffet is a cheerleader for the Obama admin. she may be right, but since i don't have a crystal ball, I'll have to rely on her mind reading abilities and give her the benefit of the doubt. God forbid Mr. buffet may actually be advocating what he truly believes. For all our sakes I hope Buffet is right and the Roubini's of the world are wrong. but I'll keep an open mind.
From HuffPo:
Instead, Buffett assured Rose "we'll create new jobs" because... well, because we always have. As proof, he pointed to the early 80s recession when unemployment was at 10 percent and people were deeply concerned about America's economic future. "We've created millions and millions and millions of jobs since then," he said. "But, you know, who would have thought when Paul Allen and Bill Gates were in Albuquerque, you know, eating pizza and drinking Coke at 2:00 in the morning, you know, that they were a big part of our future."
This echoed his rah-rah salute to American can-do at Columbia: "The plants haven't gone away. The cornfields haven't gone away. The talent of the American people hasn't gone away."
In the 80's it took his highness Reagan 30 months to get unemployment under 7.2%, now they want Obama to wave his majic wand and do it in 10.
Can't she get her point across without the hyperbole? Yes, I believe the administration caved and went with tax cuts in the stimulus when they should have attempted to create a WPA style jobs program. But there was no political will. The dems seem to be too engrossed in bi-partisanship, catering to the rabid right. When they should be trying to push progressive agenda in spite of the right. After all we busted our rear ends to elect them. The Conservative republican Tea Baggers are doing everything they can to bring em down and not allow them to govern effectively. Yet these are the people the Dems are dying to ass kiss. I support my POTUS and Democratic party but i'm getting more pissed by the day. I won't abandon them because I believe the alternative (Republican, Conservatives, Tea Baggers) are even worse. I feel hopeless and helpless more than anything else. What a fucked spot we are in.
"There's really just one hope for our leaders to turn things around," writes Roubini, "a bold prescription that increases the fiscal stimulus with another round of labor-intensive, shovel-ready infrastructure projects, helps fiscally strapped state and local governments and provides a temporary tax credit to the private sector to hire more workers."
Without such action, says Roubini, "we can expect weak recovery of consumption and economic growth; larger budget deficits; greater delinquencies in residential and commercial real estate and greater fall in home and commercial real estate prices; greater losses for banks and financial institutions on residential and commercial real estate mortgages, and in credit cards, auto loans and student loans and thus a greater rate of failures of banks; and greater protectionist pressures."
Well I agree with this part of her article. Obama need to get away from the Summers and Geitners who support the failed Free Market ideas. Capitalism works when properly regulated. How many depressions and recessions must we endure before we realize that. We need a second stimulus that creates jobs, not more tax cuts. Tax cuts don't matter if you have no job. This Roubini guy is a Doomsayer. I feel bad enough already, now he really bummed me out. I know times are real tough. I'm going through them now. I'm shutting down my small business after about 10 years, no healthcare, maybe the house is next and no immediate hope for gainful employment, so i'm not ignorant to whats going on. I'm feeling it at a personal level. I can tell you about tough times, i'm going through them. If my wife wasn't recieving unemployment we'd be homeless and hungry. But i guess doom and gloom sells, no better pair to push it than Arianna and Roubini, doomsayers are us.
Bottom line I'm tired of HuffPo's deceitful sensationalistic headlines. They are just putting up bold face lies. I've read a few diaries around here lately pointing out their deceit. To be honest with you I'm just pissed that they are playing like they are out to save the little guy. In reality using my very own mind reading abilities, i can safely say the only person Arianna cares about is Arianna. It's just a gut call, but she's to quick too jump ship from republican to Democrat, Now maybe back to republican, who knows? I'm just fuckin pissed, maybe she's a good target for my anger but I think she's out to screw the progressive agenda. She's a wolf in sheep's clothing. I just had to get that out. Why I torture myself and still go there, I don't know. I'm a glutton for punishment.
PS. Don't give me the crap that she's a Progressive or Liberal, i've had my fill of bullshit for the day, courtesy of those fine Americans at Red State.
Here's a link to the article:
http://www.huffingtonpost.com/...