By Month
Recent Entries
| Send email to omblog.net |
DailyKos
Talking Points Memo
Huffington Post
The Centrist Word
Current TV -TYT
The Young Turks
Electablog & LOLGOP
Sam Seder
Oliver Willis
Maddow Blog
Cliff Schector
Bob Cesca
Hullabaloo
Media Matters
Dean Baker
Paul Krugman
Rober Reich
Jared Bernstein
Tax.com
Mahablog
Frank Schaeffer
FOKNews Channel
Eric Alterman
Glenn Greenwald
Political Correction
Matt Taibbi
Atrios
AlterNet
Ezra Klein
Kevin Drum
John Cole
Juan Cole
Matthew Yglesias
Firedoglake
Dome on the Range
Leftyblogs/Kansas
Leftyblogs/Missouri
Best of the Blogs
Firedup Missouri
Show Me Progress
BAGnewNotes
Baseline Scenario
Zero Hedge
Calculated Risk
The Big Picture
Tapped Blogs
TPM Muckraker
TPM Cafe
Talk To Action
Bartholomew 's Notes
Things You Wouldn't Know...
Rumproast
The Daily Beast
FAIR Blog
The Authoritarians
Bonddad Blog
FiveThirtyEight
Consumerist
Future Majority
ThinkProgress
Campus Progress
Center for American Progress
OurFuture.org
Crooks and Liars :
AFLCIOnow
Gun Guys
Jesus' General
Flying Spaghetti Monster
Max Blumenthal
Truthout
BuzzFlash.com
The Nation
AlterNet
News Hounds
Liberal Oasis
The Raw Story
American Rights at Work
|
|
Fools Gold
July 28, 2010 6:08 pm
Infographic by The Big Picture
Randy Fanboy Thinks he Invented Hooverism
July 28, 2010 10:16 pm
Digby
Matthews asked Paul Ryan (R-AynRandFanboy) today if we should let the
Bush tax cuts expire:
I don't think it's a good idea, especially when we're
trying to come out of a jobless recovery and slow growth recovery.
We've got unemployment at almost 10%, the last thing we should be doing
is raising taxes on the economy. The worst thing for deficit reduction
is a slow economy. You hit small businesses with these kinds of tax
rate increases and you'll slow down the economy even further...
From before his entry to the presidency, [Hoover] was a proponent of
the concept that public-private cooperation was the way to achieve high
long-term growth. Hoover feared that too much intervention or coercion
by the government would destroy individuality and self-reliance, which
he considered to be important American values. Both his ideals and the
economy were put to the test with the onset of the Great Depression. At
the outset of the Depression, Hoover claims in his memoirs that he
rejected Treasury Secretary Andrew Mellon's suggested "leave-it-alone"
approach, and called many business leaders to Washington to urge them
not to lay off workers or cut wages. ..
I would rescind the unspent stimulus funds, I would rescind the all the
TARP funds,I would do a federal hiring freeze and spending freeze for
the rest of the year and I would go back and cut discretionary spending
back to 08 levels and freeze that spending going forward.
Now you and I can get into a debate about Keynesian economics if it
worked or didn't work, I don't think it did...I suppose there's
something to be said for consistency, but this perfectly illustrates
just how radical Republican "thinking", such as it is, really is on
economics. I suspect that he believes he's rejecting Keynesianism for
Randism and that he's very cutting edge. But the truth is that this is
not new, even by Rand's stale 50 year old philosophy's
standards:
Calls for greater government assistance increased as the US economy
continued to decline. Hoover rejected direct federal relief payments to
individuals, as he believed that a dole would be addictive, and reduce
the incentive to work. He was also a firm believer in balanced budgets,
and was unwilling to run a budget deficit to fund welfare programs.
