Krugman's take on Age of Greed

[Raz]

Re: Krugman's take on Age of Greed

Because revenue can never be changed ever since the avg. hasn't changed? Come on that is BS.


Sure but we're no where near it so why bother bringing this up.


No Laffer was full of BS about everything. He was a convienent economic shill for FIRE back in the 80's and most everything he has said since then has been shown to be either flat out wrong or such a generalized statement as to be near useless.


Whenever one of these topics pops up you sure sound the same as always.

Unfortunately you are sounding the same here as you usually do - petty and juvenile.

Check back with me when you cool off. Otherwise I'll solve the problem by adding you to the two already on my ignore list.

[jiimbergin]

Re: Krugman's take on Age of Greed

I don't know Mesyn - I'm quite a bit left of Raz on many issues, but I think his post was fair and I find him to be quite reasonable. He will often post about the failures of conservative individuals - especially self-proclaimed neo-conservatives.

You should give him and his posts more of a chance before you write him off as a bought-and-sold right-wing ideologue. I find him to be insightful, even if we do not see eye to eye from time to time.

+1

[lektrode]

Re: Krugman's take on Age of Greed

This is a fair criticism and one the Republicans richly deserve. And thanks to Dumbya, Trent Lott, Denny Hastert and the rest of the NeoCon Nitwits we now have an empty suit asshat in the Oval Office.

We need a Third Party ..., you're welcome, and "keep the change".

+1
plus another .5 for the bernanks cut (aka the 'non-inflation' )

[lektrode]

Re: Krugman's take on Age of Greed

"The Republicans, who control the House and now have greater control of the Senate, have now decided — having tripled the debt in the 12 years before I took office and doubled it since I left — that it’s all of a sudden the biggest problem in the world."

- Bill Clinton

Billy forgot to mention that in the 12 years before he took office his very own Democratic Party controlled the power of the purse - during all 12 years. ....

and just never mind the fact the dems ran congress (or the house, where the proposals to blow all the money happen?) for the 40 PHREAKIN YEARS _BEFORE_ THAT

PLEASE correct me if i get some of this stuff not-quite-accurate, i'm just a common tradesman who didnt have the benefit of a liberal arts degree (polysci, sociology etc) and so was never exposed to the 'philosophy' of the progressive mindset the tenured class likes to load-up/hijack the discussion with = we workin stiffs dont have the time to contemplate such

and as you might have guessed, _do_ like to stir the pot a bit = good for the exchange of ideas, 'diversity of thot' an all that... ;)

[mesyn191]

Re: Krugman's take on Age of Greed

He will often post about the failures of conservative individuals - especially self-proclaimed neo-conservatives.

Sure but he still goes right back to defending those same conservative ideals. Not everyone is perfect nor is each and every individual person the end all be all representative of a given ideology, but past a certain point you gotta look past the individuals and what they're saying and doing and consider the ideology itself. I don't think he really wants to do that and its very frustrating talking to someone when you know they probably won't budge on whatever core beliefs/values irreguardless of what you say to them.

FWIW I used to be pretty right wing when I was a kid in the 80's, but the older I got and the more I read up on things the farther and farther left and anti-status quo I've become. I'm at the point now where I'll only vote small random 3rd party or for non-incumbents because I don't believe either party is worth a shit but at the same time to not vote at all is to give up entirely and that is no solution either.

[bpr]

Re: Krugman's take on Age of Greed

Interesting, thanks for the correction and the breakdown chart.

[Master Shake]

Re: Krugman's take on Age of Greed

MasterShake,

We could put CRA to rest if you can provide one other piece of research from a Research Organization that may be a wee bit more to the right- even a few degrees than www.cepr.net

I would not describe the funders of CEPR.NET as Fiscal Conservatives - would you?
"
CEPR Funders..................

The Center for Economic and Policy Research is proud of the support that we receive. Approximately 80% of our funding comes from grants made by foundations. We are also supported by an ever-growing number of individuals who have made personal donations to our work. To join our ranks of individuals donors, click on Donate Now.

CEPR does not receive any funding from corporations, unions, or foreign governments.
CEPR Funders are below - many of these organizations all so support CDFI organizations and other beneficiaries of CRA....Please let me know if you want me to document their relationships.
CEPR Foundation support in 2010 includes:

Annie E. Casey Foundation
Arca Foundation
Atlantic Philanthropies
Ford Foundation
National Academy of Social Insurance (NASI)
Open Society Institute
Public Welfare Foundation
Rockefeller Brothers Fund
Rockefeller Family Fund
Streisand Foundation

Will this work for you?

http://www.minneapolisfed.org/public...ay.cfm?id=4136

I'm probably one of the more conservative posters on iTulip, but I have little patience for bullshit, even if it peddled by "my team."

[BK]

Re: Krugman's take on Age of Greed

Master shake - Don't take this the wrong way - we may agree on lots of things but,,,,
In a word -Nope - lousy source.

I'm not saying CRA caused the Credit Crisis - I am asserting it was a VERY Valuable tool for Banksters and its still supporting them today through "New Market Tax Credits" (A provision of CRA) . See how the Fed Reserve Bank of Minnesota's - Chairman of the Board Julie Causey -Western Bank - is doing well with 'New Market Tax Credits" - these Tax Credits are usually 40% (over the first 7 years) of the Investment the Bank makes and reduces the Corporate Taxes for Banks. The Banks are Big Winners it takes even more risk out of Real Estate Investing and rewards the Bank with reduced Income Taxes. You won't find a Banker on the Planet that will say a bad thing about CRA and especially 'New Market Tax Credits"
Expanding Mortgage Credit to as many poor-er people as possible was a key step in Massive explosion of indebted Consumers. A person with a Mortgage Buys a lot more than a Person who rents. I would argue that a shift in psychology happens to the new home owner - and they ratchet up the spending on Credit.

The Home Mortgage - leades people to the second Mortgage refi and to the Heloc. Banksters that oversee the Regional Federal Reserve Banks love CRA and the love NMTCs.
see how new market tax credits are keeping the Real Estate Boom/Credit Boom going in Minnesota.
http://finance-commerce.com/2011/03/...econstruction/