FIAF*

It’s not a recession, it’s economic stagnation.

This is different from my recessions we’ve had since the Great One. Why?

The overarching factor that is making this recession different is that the Obama agenda is qualitatively and quantitatively different from any previous president’s agenda. The anomaly of the current recession is the anomaly of Barak Obama’s political philosophy and worldview.

Risk, return, and uncertainty. Those three ideas wrap up, in a neat package, why the economy is not picking up. People risk their money, when they hope for a return. But the uncertainty – cause by the Obama agenda – makes the risk too high.

The president is losing the support of even his most ardent supporters. Arianna Huffington, for example, said recently, “The president put all his trust in the wrong economic team — an economic team that didn’t understand what was happening.”

Well … duh. Because Obama’s view was wrong. Hope and change. That’s all he threw at you folks who voted for him.
****

I lurv Paul Ryan:

“Our nation’s fiscal crisis is the result of Washington’s unsustainable spending trajectory, not from a lack of sufficient revenue.” And he goes on, “The tax reforms proposed and the rates specified were designed to maintain approximately our historic levels of revenue as a share of GDP….If needed, adjustments can be easily made to the specified rates to hit the revenue targets and maximize economic growth. While minor tweaks can be made, it is clear that we simply cannot chase our unsustainable growth in spending with ever-higher levels of taxes. The purpose of the Roadmap is to get spending in line with revenue — not the other way around.”

Plus, Paul Krugman hates him, so that makes him A-1 in my book.

*****
Rick Snyder is up 19 points over Verg “Blago” Bernaro.

*****
The public-sector/private sector debate continues. I learned something new:

Second, Cohn points out (citing Dean Baker) that many public-sector workers don’t receive Social Security benefits. But it’s not that these public employees are paying for Social Security and not getting anything. Rather, these workers neither pay nor receive benefits. As I argued here, this generally works in their favor, since Social Security is a money-loser for the typical participant and more so at the earnings levels of typical public employees. And to the degree that Social Security will require higher taxes or lower benefits in the future to maintain its solvency, public employees are exempt from this pain.

It’s nice they get to opt out of that ponzi-scheme that is certain to fail before people of my age qualify. Riddle-me-this: why do public-employees get to opt-out of a government run program?

Of course, THAT is why they need those generous pensions. HA AH HAA HAA. I’ve got an answer for them. Let’s get rid of the pensions and put them on SS!

In defense of public-employees, we get this as his conclusion:

In the long term, though, it seems like we should be looking for ways make sure that all workers have a decent living and a stable retirement, rather than taking away the security that some, albeit too few, have already. But that’s a conversation about shared vulnerability and shared prosperity–a conversation we don’t seem to be having right now.

Sharing. How do you suggest we share this stuff? Is this another “right” that liberals have found in the Constitution? The right to a decent living and a stable retirement?

When a waitress works and scrimps and saves, and holds off retirement until she can’t balance the cups on the tray anymore, why should she pay the taxes to insure that the public employee’s retirement is completely without the risk?

When a business owner saves his entire career, then loses it all in the stock market, why should he pay higher taxes to insure that the pensions of union workers and public employees is cushy?

*Thursday edition

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5 Comments on “FIAF*”

  1. wiserbud Says:

    FIA…Friday?

  2. Hotspur Says:

    I think the heat got to her.

    Good poat.

  3. Car in Says:

    Checking to see if anyone’s reading;)

    Nothing brings out commenters like a typo.

    But, yes, when I first typed it … it really felt like a friday.

  4. Car in Says:

    Plus, now I don’t have to poat tomorrow!

    Win/win


  5. So you wanted me to say something about it?

    Good to know.


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