Yes, But Was He Comfortable Using The Word?
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Obama honors entertainers as 'heroes': President Barack Obama gave the
United States' top civilian honor on Tuesday to musician Bob Dylan,
novelist Toni Mo...
Birth Certificate Whac-A-Mole
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Barack Obama's long-form birth certificate forgery contains so many
forger's errors that it would make for a fun parlor game.
Drachma!
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Drachma! May 29, 2012 David R. Kotok The drachma, the Greek currency
name, is over 3000 years old. It was the most widely circulated coin in
the world...
Gates of Vienna News Feed 5/29/2012
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[image: Gates of Vienna News Feed 5/29/2012]A tribal council in eastern
Afghanistan has condemned four women and two men to death for immoral
behavior. The...
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*Was Trayvon Martin High on 'Lean'?*
From the Ace of Spades blog:
Apparently 'lean' AKA DXM is the street term for using dextromethorphan (the
activ...
In God We Rust, All Others Pay Non-Voting Stock
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We're catching up on some DVR viewing. Tonight's episode was Lewis Black's *In
God We Rust*, which was released on St. Patrick's Day but taped back when
pe...
More Competition
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University of Michigan economist Miles Kimball is now blogging.
Incidentally, many years ago, Miles was my very first PhD dissertation
advisee.
Case-Shiller Seasonal Factors
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Economist Tom Lawler wrote today:
I put “seasonally” in quotes, as there have substantial changes in the
purported “seasonal” pattern of home prices since...
Why The ECB Will Print
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There is a lot of chatter about the eurozone, Greece, Spain, Germany, and
the European Central Bank (ECB). And rightly so since we appear to be
reaching ...
Daily Readings 05-29-2012
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What Germans Really Think About Greek Exit From Euro A poll conducted by
German broadcaster ZDF suggests that as many as 60% of German voters now
favor Gre...
Let Obama Be Obama
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*The New York Times*' big story today, detailing President Obama’s role in
the country’s counterterrorism efforts, should ignite a slow burn of new
cover...
Podcast is up: Pamela Geller on the Jaz Mckay Show
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In case you missed my segment with Jaz Mckay on the KNZR Talk radio earlier today, Puck has posted the podcast here. We love Puck! BTW, speaking of Puck, aka...
Strike Three!
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A $46 trillion problem comes sweeping in Bad stuff, they say, comes in
threes. We’ve already got the banking and the eurozone sovereign debt
crises. Next c...
Randy Wray: MMT Without the JG?
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*By L. Randall Wray, a Professor of Economics at the University of
Missouri-Kansas City and Senior Scholar at the Levy Economics Institute of
Bard College....
Liveblogging World War II: May 29, 1942
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Adolf Hitler: >Führer Directive 42: Instructions for operations against unoccupied France and the Iberian Peninsula (previously known as 'Attila' and 'Isabel...
Home Prices Hit New Lows for March 2012
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The March 2012 S&P Case Shiller home price index shows a -2.6% decline from
a year ago for over 20 metropolitan housing markets and a -2.8% decline for
t...
Live Long and Prosper – Nutraceutically
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More and more frequently, I’m finding “too good to be true” technologies
that are, in fact, very true. It is, I think, the hallmark of our era.
Things we t...
Count Palestine Refugees?
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The fetid, dark heart of the Arab war on Israel, I have long argued, lies
not in disputes over Jerusalem, checkpoints, or "settlements." Rather, it
concern...
Tracking Top Funds' Activity: Q1 2012
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In my last comment on hedge funds trading euro misery, promised to go over
the trading activity of top funds during Q1 2012. U.S. markets were closed
on Mo...
Twitter Digest: 2012-05-28
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Speaking of the USS Indianapolis, a decade-old Fresh Air segment with two
survivors of said tragedy – http://t.co/8uQS9Md6 -> So, eleven hundred men
went i...
Éric Zemmour - Question still unanswered
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*It still isn't clear if Eric Zemmour has been dismissed or not. As I said
in my previous post, the journal l'Express claims he was already told
several ...
Americans' Confidence Is Down. Why?
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A better question would be: why would consumer confidence be up? The
Conference Board said today that its index of consumer confidence fell to a
four-month...
How Bill Kristol Purged the Arabists
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Share...By Patrick J. Buchanan After taping John Stossel’s show on March 16
in New York, the Mrs. and I took the 10 a.m. Acela back to Washington. Once
we ...
Some Rays Of Sunshine For Homebuilders
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Last month I put up a post about the Phoenix housing market and what
appeared to be some revival of “animal spirits”. I was pretty tempered in
my enthusia...
The End Of The Euro: A Survivor’s Guide
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By Peter Boone and Simon Johnson In every economic crisis there comes a
moment of clarity. In Europe soon, millions of people will wake up to
realize that...
A very, very different America
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The year is 1924; the U.S. Congress has just passed the Johnson-Reed Act (Immigration Act of 1924) and the following quotas have been put into place to deter...
Private Equity Myth
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As many of you know, David Brooks is one of the few conservative columnists
that I regard highly. But occasionally he writes something that is so
boneheade...
Members of Congress exercise their muscle on TPP
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During the latest round of talks of the Trans-Pacific Partnerships (TPP) "free trade" agreement in Dallas, U.S. trade officials increased the use of heavy-ha...
Links: 2012 05 25
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Unfortunately I don't have the time to do a proper daily commentary. But
here are the links
------------------------------
Credit Writedowns Pro is live....
Fitch Donwgrades Japan
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Fitch lowered its assessment of Japan’s sovereign credit to A+, still
investment grade but just above countries like Spain and Italy.
The agency criticized...
JPMorgan and the Volcker Rule's Hedging Exemption
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In the wake of JPMorgan’s $2 billion trading loss, there’s been lots of
talk about whether “portfolio hedging” is allowed under the Volcker Rule,
and wheth...
I'll Have ANOTHER Open Forum
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On Saturday, I'll Have ANOTHER won the Preakness in Baltimore by a neck. Preakness is the second of three races that comprise the US Triple Crown. I'll Hav...
Ten links
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After the Third Way: The Future of Social Democracy in Europe, edited by
Olaf Cramme and Patrick Diamond Jane Waldfogel, “What the U.S. can learn
from Brit...
Familiarity Breeds Mad Cash Money
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Editor's Note--Hello friends! In the midst of all this Facebook love this a.m., we are focused on the real important things. Like the Preakness Stakes from B...
A Marshall Plan for Greece Makes Sense for Germany
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by David Attewell In 1949, Germany lay in utter ruin. World War II had
devastated its people and laid waste to much of the rest of Europe. The
temptation...
Moved Over
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I’ve been blogging away over at my new blog at Next New Deal, come join me
over there! Here’s the new rss feed. I might post here once in a great
while, m...
And Yet Another One Bites the Dust
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To all those who say that deflationary collapses cannot happen in paper
monetary systems, I ask you: don't the PIIGS-ies of Europe count? Because
they're...
Time to Head Home
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Tonight I am in Colorado after a nice Spring Break. Heading back to my home
in Utah is not exactly what I am looking forward to. Being away gave me a
cha...
New Look and Big Things to Come
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Later today -- thanks to the efforts of Mitch Green -- New Economic
Perspectives will have a fresh new look with features and extras that we
hope will make...
The Automatic Earth on the move
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At around 6 PM EST, Sunday, February 5, The Automatic Earth will move to
its new site, TheAutomaticEarth.org The Blogger site, where you are right
now, wil...
Those too astute to buy refute you.
-
A brief dispatch from a pragmatic outpost on the outskirts of the
ideological empire.
Manufacture of contempt cause it's only a Great Depression if they s...
Market Montage Officially Launches Tomorrow
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Dear readers,
After a long period of introspection (nearly 3 minutes) I've decided to
follow the ideology of the boxing world and come out of retirement.
...
CAIR Uncovers BAHRAIN - Update
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While the government of Bahrain has apologized, sort-of, for oppressing
it's own people, CAIR stands alone in ignoring this. Below is the story
from th...
Occupy Wall Street - Marine vs 30 Cops
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Speaking of the police. Here is a link to a video of a soldier - in uniform
- protesting the treatment of demonstrators by the police.
http://perezhilton....
The Art of Suppression - Part III: The Good Guys Win
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It has been a long dark (pun intended) night for White folks, world-wide.
Our countries have been flooded-with alien non-Whites (who, as soon as they
land ...
The Inchoate Rage Beneath our Global Cities
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“London’s riots prompted commentators on the right to blame hooliganism,
while those on the left cited frustrations with the UK’s faltering economy
and fis...
Warren Buffett's Tarnished Halo
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As reputations go, Warren Buffett's was Teflon. Charlie Gasparino on how
his deputy's strange trading profits reveal the Oracle of Omaha
as-gasp!-another o...
Piece by Me on Forbes.com
-
Decided to try to get a bit more publicity for Post Keynesian ideas!
Forbes.com Nothing I haven’t said here before. It was very lucky in that
they were wil...
Now For The Bad News
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So Barry’s been taken down a peg or two. ‘Bout time. That’s cause enough
for celebration but the underlying picture remains bleak. Tens of millions
of peop...
Natural History of Fire & Flood Cycles
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In reference to the analogies presented in my previous article, please have
a look at this article: Natural History of Fire & Flood Cycles While
reading it...
Why non-profit execs are not paid too much
-
Anger over executive salaries is fast turning into a witch hunt. We’ve no
longer just down on financiers, but also on state employees, on teachers,
on just...
Lessons from the Crisis – John Mauldin
-
John Mauldin describes why we should be concerned about Greece and
increasing debt. Link: What Does Greece Mean to You? It seems we did not
learn the lesso...
1930s Vs Today: Lots To Worry About
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I have written an article about the similarities between now and the great
depression, which I will post at a later date. However, for now, I just
noticed ...
The Might of Millions
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Do I want President Obama to fail? No. I want the country to succeed
despite his agenda. That’s the same wish I had when Bill Clinton was
President. I had ...
A devoted student of why nations and empires succeed or fail. In general, I believe in the following:
Sparta - not Athens;
Strength over Weakness;
National Competition and Supremacy in a dangerous world;
The Senate Race in Nevada has never failed to provide its amusing moments.
But now, thanks to an almost unbelievable gaffe by Republican front-runner Sue Lowden, Majority Leader Harry Reid looks likely to prevail once more, and earn a fourth term in the Senate.
According to the Las Vegas Review-Journal, Harry Reid, once given up for dead, has surged to the front among all candidates, leading Lowden 42% to 38%.
Now bear in mind two things: First, when paired with a generic Republican candidate, Reid still trails 52& to 48%. And, the poll cited by the Review-Journal comes admittedly from a Democratic source. But when compared with the numbers from the same pollster back in February, this is a remarkable turnaround; back then, Reid polled an anemic 35%, trailing both front-runner Lowden and second-place Republican candidate Danny Tarkanian in hypothetical matchups.
Now, those positions are almost exactly reversed.
And it all has to do with the utter myopia and cluelessness of Sue Lowden. In a voter symposium on Health care, Lowden suggested that, instead of health insurance or a national health care plan, we should try something else - Barter.
Take a chicken to pay for your checkup. I'm not kidding - I couldn't make this up if I tried.
Here's some video of the original meeting:
The media, of course, were quick to pick up on this. But, instead of "walking the comments back" , or say that she was misquoted, she instead re-iterated her comments, saying "she wouldn't back down one bit".
Here's how the Tarkanian campaign played it up:
And, of course, the nation's comedians had a field day with it. Here's Jay Leno on "Cluckers For Checkups":
But this isn't the first time Lowden's been in hot water on this issue.
A little background: A former Miss New Jersey, Ms. Lowden originally came West to to make it in TV news, eventually becoming a popular local evening news anchor. Shortly thereafter, she left TV to become the much-younger "trophy wife" of casino magnate Paul Lowden, who owned a chain of locals-oriented casinos in Nevada, including two sizable properties in Las Vegas.
At her urging, Mr. Lowden decided to make health benefits and anti-unionization two big issues in running his casinos. When the Culinary union decided to try to organize his two Vegas properties, Lowden fired all those he could identify with the organizing effort, and he cut off the health benefits of all but a few of the remainder - in violation of federal law.
The union sued in federal court - and won. As a result, the Lowdens were forced to divest themselves of their Vegas properties in order to satisfy a judgment for damages and their legal bills. Worse, it made Paul Lowden persona non grata among his fellow casino operators, whose strategies for keeping unions out center on good wages and benefits for their full-time employees.
But the occasion made Sue Lowden a heroine to Nevada's ultraconservative GOP, and she quickly parlayed the incident into a career in politics, ultimately becoming Majority Leader in the State Senate and afterwards Chairman of the Nevada GOP.
In short, she was ideally positioned to boot Harry Reid from the Senate - until she laid an egg on the issue.
And I'm not surprised. To me she is typical of the "Country-Club Republicans" - smug, secure in an "I've Got Mine" mentality, and deeply resentful of anyone else, especially anyone in her employ, trying to "get theirs" by striving for better wages and benefits.
It's no wonder that the "Tea Party", which has actually energized the GOP far beyond the wildest dreams of the country-club set, wants nothing to do with Lowden and her ilk. Rather, they are focusing on the "values" that made America and taking on with equal vigor the selfishness of the Republican oligarchs and the thinly-disguised socialism of the Democrat party.
All the Tea Party needs is a credible Leader, and both major parties could be in serious trouble.
If the Tea Party and Republicans generally can find a credible re-incarnation of Ronald Reagan, watch out. But, if Sue Lowden is typical of "mainstream" Republican candidates, the GOP had best prepare for a long time in the political wilderness.
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