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View Diary: There is NO fiscal cliff. (69 comments)

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  •  Just a few minutes ago, I saw a (1+ / 0-)
    Recommended by:
    katiec

    discussion on MSNBC, on the Chris Hayes show, in which the fiscal cliff was the main topic. It was painful to watch all of these people talk seriously, and wrongly, about where we stand, how our economy works, and what steps we should take to put our nation on the right path. It almost breaks my heart, not for me, because I am an old man and I have enough money to live until I die, but for my grandchildren and their parents because they deserve better than our leaders, in government, in the media, in academia, are giving them.

    How did stupidity become the defining characteristic of so many of these "very important people?" (How does one denote sarcasm in a written comment?)

    Might and Right are always fighting, in our youth it seems exciting. Right is always nearly winning, Might can hardly keep from grinning. -- Clarence Day

    by hestal on Sun Nov 11, 2012 at 05:53:01 AM PST

    •  I posted the preceding comment before I (0+ / 0-)

      read the comments in this diary. If I had done so then I would have added that it is painful to see so many followers of Daily Kos parrot the idiocy that passes for learned discourse in economics and government. My God, there must be some inherent element that is born or educated into some people.

      Someone once said, "It is not what you don't know that makes you look silly, it what you know that just ain't so that does the trick."

      Might and Right are always fighting, in our youth it seems exciting. Right is always nearly winning, Might can hardly keep from grinning. -- Clarence Day

      by hestal on Sun Nov 11, 2012 at 05:57:13 AM PST

      [ Parent ]

    •  Don't know (1+ / 0-)
      Recommended by:
      hestal

      I watched it too! I think Chris is often a brilliant analyst and commentator whose heart is in the right place. But I also think that he and other "progressive" commentators are woefully ill-prepared in the area of macroeconomics, and are willfully ignoring MMT. They're just researching it to see what it's about. This is true despite the increasing exposure MMT is getting in much of the MSM. For Chris to be so ignorant about MMT thinkers is rapidly approaching malpractice.

      Today Chris gave a platform to the former Bain Executive, Ed Conard, the author of the book unintended consequences. What was striking about the segment was the relative freedom from serious challenge Conard had when he started rattling statistics comparing the performance of the US to Euro nations. Conard's citations should have been met with extreme skepticism and there should have been much more careful preparation for his appearance, which was basically a defense of the 1% and all their accomplishments over the last generation. Listening to Conard felt like entering a fantasy world. But here was Chris complimenting the guy on his book and treating him with kid gloves.

      •  I agree about Chris' intellect, but (1+ / 0-)
        Recommended by:
        katiec

        he goes too far in giving people like Conard a forum. He, Chris, has yet to learn that he will not convert such people, and by giving them a voice then he gives bad ideas some credibility. His naivete was proven when he shook Conard's hand (which he did not do for the other guests), he thanked him for being a good sport, and he remarked how much fun he had arguing with him.

        Earlier today I saw part of a corny movie that showed how the British and German fliers in WWI went from treating each other as good sports to strafing hospitals as they began to realize that the other guys were out to kill them.

        I know that I will be accused of being overly dramatic, but that is the way the world works. We have made societal progress and our battles are less physical than they once were, but on the other hand, by being good sports and well-behaved we let the comfortable delay giving comfort to the afflicted. So we have millions out of work and our representatives fight it out as if it is a sport or a debate.

        FDR, HST, IKE, and LBJ understood the difference. There is a time for talk and there is a time for action. Obama still hasn't learned that lesson, but perhaps he will someday see that rallying the common folks is the best thing he can do to bring about change. If he called for a million person march on Washington in support of the programs that move us forward then it would happen. Maybe he will see it. I hope so, because too many people have suffered for too long. Our representatives play life and death games of chicken with the lives of other people instead of risking their own lives. Something is wrong with this picture.

        Might and Right are always fighting, in our youth it seems exciting. Right is always nearly winning, Might can hardly keep from grinning. -- Clarence Day

        by hestal on Sun Nov 11, 2012 at 10:47:46 AM PST

        [ Parent ]

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