tag:blogger.com,1999:blog-6616959642391988608.post2364509576212790580..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The people are starting to get upsetScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-6616959642391988608.post-49524957870324509812010-01-10T14:35:05.305-08:002010-01-10T14:35:05.305-08:00Although not mentioned, I believe the video you ma...Although not mentioned, I believe the video you may have posted is titled 'America Rising'. If it is it is back on Youtube.com under a different link: it is now http://www.youtube.com/watch?v=662R2awSwPQ<br /><br />I actually sent this to Gordon a few days ago with this comment:<br />"The following applies to all politicians especially the present Administration and Congress."CDLIChttps://www.blogger.com/profile/01216074401236580903noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33213571558335205692010-01-10T14:32:59.616-08:002010-01-10T14:32:59.616-08:00This comment has been removed by the author.CDLIChttps://www.blogger.com/profile/01216074401236580903noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63620182611268407372010-01-09T23:18:20.438-08:002010-01-09T23:18:20.438-08:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/11428430162393882548noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61448674892590112832010-01-08T16:12:49.403-08:002010-01-08T16:12:49.403-08:00I have no idea how or why this was removed! I sure...I have no idea how or why this was removed! I sure didn't remove it.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13660529079786243502010-01-08T16:01:33.035-08:002010-01-08T16:01:33.035-08:00Holy cow. This excellent video has been removed.Holy cow. This excellent video has been removed.ronraschhttps://www.blogger.com/profile/14708698068353771219noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-35040077572035289222010-01-08T13:15:18.504-08:002010-01-08T13:15:18.504-08:00W.E.
Thanks for the reading list. I'm not fa...W.E.<br /><br />Thanks for the reading list. I'm not familiar with Walter Williams and will give him a look. The others I have already appraised at a somewhat lower value than you apparently assign them. But then, there is no trading unless valuations differ :) <br /><br />As an investor I know most theoretically-minded economists are poor sources of market forecasts (not that there'sSethhttps://www.blogger.com/profile/16486234948199900568noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40275100149637841282010-01-07T23:55:11.478-08:002010-01-07T23:55:11.478-08:00STS:
Not bashing Keynes. Keynes is to be studied....STS:<br /><br />Not bashing Keynes. Keynes is to be studied. However, Keynes is to be discounted as proven by Friedman.<br /><br />In the 1970’s Keynesians, neo-Keynesians, and new-Keynesians suddenly couldn’t explain the Phillips Curve. Then the theories behind Keynes began unraveling at an increasing rate. Yet Samuelson and his followers kept pushing Keynesian Theories head long into the W.E. Heasleyhttps://www.blogger.com/profile/00368333904571061995noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7468029561620430112010-01-07T18:44:26.850-08:002010-01-07T18:44:26.850-08:00W.E.:
Bless you for citing Milton Friedman as you...W.E.:<br /><br />Bless you for citing Milton Friedman as your intellectual guiding light. But there's a big gap between his insights and the sort of political conclusions many folks here tend to draw. <br /><br />Here's a nice <a href="http://books.google.com/books?id=vIPVuMtTV6cC&pg=PA10&lpg=PA10&dq=Milton+Friedman+on+agricultural+subsidies&source=bl&ots=KxEveSmuLM&Sethhttps://www.blogger.com/profile/16486234948199900568noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90439928246217989462010-01-07T16:27:40.019-08:002010-01-07T16:27:40.019-08:00STS and Vincent:
Can solve your quandary. Merely ...STS and Vincent:<br /><br />Can solve your quandary. Merely go buy the book Free to Choose by Milton Friedman. Its $9.75 on Amazon. When you are done reading the book, get back to me.W.E. Heasleyhttps://www.blogger.com/profile/00368333904571061995noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-35271348309575833152010-01-07T15:10:32.701-08:002010-01-07T15:10:32.701-08:00Scott-
Maybe we are talking past each other.
R...Scott-<br /><br />Maybe we are talking past each other. <br /><br />Right, if we want income tax cuts, we have to whack outlays financed by income taxes. If you want payroll tax cuts, then let's whack those programs financed by payroll taxes. <br /><br />I favor a 15 percent across the board whack for starters. <br /><br />My usual point is that both wings regard certain programs as Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12241443027443031802010-01-07T14:12:04.736-08:002010-01-07T14:12:04.736-08:00Benjamin: there may appear to be a link between in...Benjamin: there may appear to be a link between income taxes and medicare and social security, but the link is a fiction, just as is the "lock box." All federal revenues get dumped in a pot and spent as needed on whatever. Congress can raise or lower medicare and social security entitlements without regard to income taxes.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42330818923580438512010-01-07T14:01:33.379-08:002010-01-07T14:01:33.379-08:00Rove is right about cutting outlays, but entitleme...Rove is right about cutting outlays, but entitlement outlays (Social Security and Medicare) are financed by payroll taxes. You won't get an income tax cut by cutting SS and Medicare (and I think they should be cut, both benefit levels, by raising retirement age).<br /><br />If you want to cut income taxes, you can whack some "liberal" programs, and I encourage that. But 60 percentBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-57792709140002093862010-01-07T12:13:25.762-08:002010-01-07T12:13:25.762-08:00Yes, Obama inherited a huge mess from Bush. But he...Yes, Obama inherited a huge mess from Bush. But he didn't have to spend $787 billion on a ridiculous "stimulus" package that has virtually nothing stimulative in it. And he didn't have to increase discretionary spending by 8% in the last half of fiscal '09, and he didn't have to increase it another 12% for fiscal '10. And if he manages to get his healthcare bill Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51337401322433082222010-01-07T12:06:34.092-08:002010-01-07T12:06:34.092-08:00Dan:
I agree with your comment. I wonder how man...Dan:<br /><br />I agree with your comment. I wonder how many of us are out there: folks reading Scott for his cogent economic analysis, but scratching their heads a bit about his politics ;)<br /><br />I find lots of smart, well-to-do R-leaning folks intriguing because they seem to feel completely disassociated from the government. Yet for liberal leaning folks, the perception is that R types Sethhttps://www.blogger.com/profile/16486234948199900568noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10275348071227066372010-01-07T11:41:16.517-08:002010-01-07T11:41:16.517-08:00all the "socialist and liberal" bailouts...all the "socialist and liberal" bailouts and TARP were due to Paulson and Bush passed in 2008, BEFORE the election (exception of GM but that was festering for years). Bernanke was Bush's appointee and worked in his WH. It's unbelievable that Obama continues to get blamed for what the Bush administration did. like today with Geithner and AIG, Obama was not negotiating the CDS Mr. Burnshttps://www.blogger.com/profile/00203405673458314203noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63682668427394677122010-01-07T11:27:14.735-08:002010-01-07T11:27:14.735-08:00Dan: the URL source of the video comes at the end:...Dan: the URL source of the video comes at the end:<br />http://www.youtube.com/watch?v=HiyqvuTxaEs<br /><br />I think Republicans and Democrats have all done a miserable job over the years. Spending is out of control, especially entitlements. No party can stake out the high ground on this issue. Amazingly, the Democrats have done even worse than the Republicans this past year. <br /><br />I'mScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42040180601464711232010-01-07T11:13:48.778-08:002010-01-07T11:13:48.778-08:00Scott,
I am a bit surprised you would post someth...Scott,<br /><br />I am a bit surprised you would post something as inflammatory as this without providing a source. Do you know who put this out there?<br /><br />While I am a liberal and agree that things seem to be wildly out of control, alot of the issues referenced in this video can be attributed to Republicans as much as Democrats.<br /><br />The problem with alot of what is happening in Danhttps://www.blogger.com/profile/05572321242968104655noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-46542284283182630862010-01-07T10:36:19.610-08:002010-01-07T10:36:19.610-08:00W.E.:
What makes you think our representatives do...W.E.:<br /><br />What makes you think our representatives don't realize that the jobs situation is very big politically? <br /><br />The problem is getting agreement on how to respond to high unemployment. R's tend to explain to us that we need to rip the bandage off all at once and have ourselves a faster/deeper recession. Ouch! D's tend to want to wet the bandage and pull it off aSethhttps://www.blogger.com/profile/16486234948199900568noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17916919675255529352010-01-07T09:25:10.007-08:002010-01-07T09:25:10.007-08:00The notion in Political-Economy of the “political ...The notion in Political-Economy of the “political anger factor” is at work. As unemployment approaches 10% the political anger factor rises. When unemployment reaches 10% the political anger factor then rises at an exponential rate. Persistent high unemployment removes incumbents from office.<br /><br />You would think all of these political representatives (intellectuals/elitists) would W.E. Heasleyhttps://www.blogger.com/profile/00368333904571061995noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31818138032191468432010-01-07T09:10:37.482-08:002010-01-07T09:10:37.482-08:00Karl Rove has a good article in today's WSJ, i...Karl Rove has a good article in today's WSJ, in which he discusses exactly this. He points out that 66% of federal spending is consumed by entitlement spending, and he correctly notes that this is the only place where serious cuts to spending can occur.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76337677634987908922010-01-07T08:58:20.269-08:002010-01-07T08:58:20.269-08:00I hope the "anger" is translated in cutt...I hope the "anger" is translated in cutting outlays, not just cutting taxes.<br />The Tea Party is easy street. I want to cut my taxes, you want your taxes cut. Yeah, we are all friends.<br />The childish side of this is that it ignores outlays. Deficits!!!!<br />I contend we have to bring down deficits. <br />That means outlay cuts.<br />This is the tough part. I do not hear real Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-51203197840815445972010-01-07T07:46:22.051-08:002010-01-07T07:46:22.051-08:00WOW.
There is anger out there. Even some of my l...WOW. <br /><br />There is anger out there. Even some of my liberal friends are expressing concern and displeasure about what is happening and what they bought into.<br /><br />The far left will never move off their peg, but I sense a shift to the middle (and beyond) for many.<br /><br />Looking forward to November. Ten more months for the anger to increase.Cabodoghttps://www.blogger.com/profile/08299113185481067179noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23818182728924835172010-01-07T02:11:57.535-08:002010-01-07T02:11:57.535-08:00Scott,
At this point, what do you think of the po...Scott,<br /><br />At this point, what do you think of the possibility of the Dems simply initiating a massive escalation in military conflicts around the world simply to distract the public from the consequences of misguided policies?<br /><br />Most of our College Grads can't find jobs and are idle.<br /><br />Our Cities, Counties, and States are broke.<br /><br />http://alstryhttps://www.blogger.com/profile/16025398896639165994noreply@blogger.com