2016 Presidential Horse Race

2016 Presidential Horse Race


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Buster Bluth

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"Who's a genetically superior boy?! WHO'S A GENETICALLY SUPERIOR BOY?! That's right, you! You are!"

I can see that.

I remember my sister loathing the guy and thinking he was a sexist know-it-all trust fund douche. In retrospect, I can see how that sorta fellow would like Donald Trump's style.
 
B

Buster Bluth

Guest
Yup, because straight talk it's a really good idea and should happen.

Thoughts on Krugman calling it a scam?

http://www.nytimes.com/2016/11/21/o...-left-region&WT.nav=opinion-c-col-left-region

To understand what’s going on, it may be helpful to start with what we should be doing. The federal government can indeed borrow very cheaply; meanwhile, we really need to spend money on everything from sewage treatment to transit. The indicated course of action, then, is simple: borrow at those low, low rates, and use the funds raised to fix what needs fixing.

But that’s not what the Trump team is proposing. Instead, it’s calling for huge tax credits: billions of dollars in checks written to private companies that invest in approved projects, which they would end up owning. For example, imagine a private consortium building a toll road for $1 billion. Under the Trump plan, the consortium might borrow $800 million while putting up $200 million in equity — but it would get a tax credit of 82 percent of that sum, so that its actual outlays would only be $36 million. And any future revenue from tolls would go to the people who put up that $36 million.

I have a feeling the Norquist worshippers within the GOP Congress are going to want to break the back of the Davis-Bacon Act if they go along with one trillion in infrastructure spending.
 

yankeehater

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That's really interesting. I tend to agree with that analysis. And it should go for both sides, as Bluto suggested:



Just as we shouldn't define the movement that brought Trump to power by pointing to Richard Spencer, we shouldn't broadly define the more populist sector of the left wing by pointing to the most extreme BLM activist, either.

Any group that promotes the killing of cops I would call extreme! This group also had a voice in the White House and met personally with President Obama. They have a voice on college campuses and in Hollywood and the entertainment world. Their representatives are regularly interviewed on national new shows. Until Trump invites Richard Spencer to the White House to meet, your comparison is apples to oranges. Why is there not similar outrage for both groups?
 

phgreek

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OMG...I just saw a piece on CNN...Don Lemon where he goes to great lengths with folks who covered Burlesconi to compare his shit to what kinds of things they Think Trump Will do...

Then Colin Quinn who said we are headed for civil war...

This is getting rich...the guy us backing off just about everything labeled as incendiary...and you have fuckheads like lemon doing hit pieces...that should help.

SCOTUS and out for me.
 

ulukinatme

Carr for QB 2026!
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15170742_10211941719247095_2940104881493806276_n.jpg
 

connor_in

Oh Yeeaah!!!
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Thoughts on Krugman calling it a scam?

http://www.nytimes.com/2016/11/21/o...-left-region&WT.nav=opinion-c-col-left-region



I have a feeling the Norquist worshippers within the GOP Congress are going to want to break the back of the Davis-Bacon Act if they go along with one trillion in infrastructure spending.

All you need to know about Krugman:

austrian-keynesians.jpg


Guy is a tool.

Just to inform some more on Krugman, he took a news report that the election was possibly hacked for a ride on twitter last night and was shut down by Nate Silver and Nate Cohn. (Fun fact: Apparently Mallory from Family Ties is on Krugman's side of this)

IT’S REAL: After insisting the election couldn’t be rigged, liberals pretty sure election could have been rigged – twitchy.com
 

BleedBlueGold

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IrishBroker

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Wednesday night before Thanksgiving, when everyone is back in town for the holiday, you go out to bars and drink. Thought that was a common thing...?

https://en.wikipedia.org/wiki/Blackout_Wednesday

Nah man...You go get hammered AFTER spending Thanksgiving all day with your family.

At least that's what I used to do. Nothing worse than being hungover and having to deal with your entire family on thanksgiving.

But, I applaud your dedication. Reps
 

IrishJayhawk

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So are you going to comment on the story or hide behind ad hominems?

Also...fancy that, a meme on the internet doesn't tell the whole story.

When Someone Says Paul Krugman Called for Greenspan to Create a Housing Bubble Back in 2002, They are Trying to Say That They are Either a Fool or a Liar | Beat the Press | Blogs | Publications | The Center for Economic and Policy Research

Krugman then wrote:

"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."

It should have been pretty evident that this was sarcastic. Later in the piece, Krugman derides Greenspan for failing to have taken steps to head off the stock bubble, explaining that Greenspan badly needed a recovery:

"to avoid awkward questions about his own role in creating the stock market bubble."

The last paragraph expresses Krugman's pessimism about the recovery's prospects:

"But wishful thinking aside, I just don't understand the grounds for optimism. Who, exactly, is about to start spending a lot more? At this point it's a lot easier to tell a story about how the recovery will stall than about how it will speed up. And while I like movies with happy endings as much as the next guy, a movie isn't realistic unless the story line makes sense."

Note, there is no moaning about how difficult it is to get a housing bubble going. The point was that we needed some additional source of demand and Krugman did not see where it would come from. In this respect, it is worth noting that two weeks later, partly at my prodding, Krugman wrote a column explicitly warning about the dangers of a housing bubble.

Defending what Paul Krugman Wrote, Arnold Kling | EconLog | Library of Economics and Liberty

He was not cheerfully advocating a housing bubble, but instead he was glumly saying that the only way he could see to get out of the recession would be for such a bubble to occur.
 
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BleedBlueGold

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Nah man...You go get hammered AFTER spending Thanksgiving all day with your family.

At least that's what I used to do. Nothing worse than being hungover and having to deal with your entire family on thanksgiving.

But, I applaud your dedication. Reps

Not just me. Wednesday before Thanksgiving is the biggest bar night of the year. Evidence is anecdotal but it carries a lot of weight among bar tenders. Ask around, bet anything that Blackout Wednesday ranks up there with St. Patty's day and NYE in sales.
 

connor_in

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Not just me. Wednesday before Thanksgiving is the biggest bar night of the year. Evidence is anecdotal but it carries a lot of weight among bar tenders. Ask around, bet anything that Blackout Wednesday ranks up there with St. Patty's day and NYE in sales.

Seriously, you celebrate some weird BILL NYE day? That's just sick, man
 

IrishinSyria

In truth lies victory
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Thoughts on Krugman calling it a scam?

http://www.nytimes.com/2016/11/21/o...-left-region&WT.nav=opinion-c-col-left-region



I have a feeling the Norquist worshippers within the GOP Congress are going to want to break the back of the Davis-Bacon Act if they go along with one trillion in infrastructure spending.

I guess I'm in wait and see mode and when I say Dems should "work with" Trump on this I don't mean they should just roll over on it.

It's tough to see how that incentive structure will lead to infrastructure getting repaired, which I think is more important than adding new infrastructure. We need to fix our bridges, update our grid, repair our dams, etc before worrying about building new toll roads or whatever.

That being said, if an eventual compromise includes tax incentives for approved projects, I'm ok with that.
 
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