Trolling the Internet


No president has believed more in the miracle of the multiplier than Barack Obama. Across four years he has led the country on a kind of Keynesian death march, pushing federal spending to 25% of GDP and producing weak growth. We’re looking at four more years before the Keynesian mast unless the Republicans can offer an intellectually respectable alternative.

And Obama is tireless in his devotion to Keynesian economics. He will lie, and push propaganda to keep us on it’s path. Children are going to starve. Plans will fall out of the skies. According to Obama, the ever-expanding government represents – not waste or government largess- but promises made to old folks and the poor, and it’s course must never be changed. Spending is needed to grow the economy and educate us for all those new jobs.

What works? An Italian guy and some colleagues tried to figure that out.

They sought the answer (which they published in an August 2012 paper on “fiscal consolidations” for the National Bureau of Economic Research) by analyzing an International Monetary Fund history of all the fiscal plans that 17 OECD governments enacted between 1978 and 2009, including the U.S., Canada and Japan. Together, these countries tried everything to grow—raise spending, cut spending, raise taxes or cut them, in endless combinations. What helped?

There is no magic bullet. But …

Fiscal plans based on large, permanent spending cuts are associated with renewed growth more than any alternative policy mix that has been tried. Indeed, spending cuts without big tax increases look to be the only thing that really works. The leading example the past 15 years is . . . Canada.


Spending cuts without big tax increases.

Shift to the Paul Ryan budget verus Patty Murray.

One is a hopeful opening salvo and the other is going to drive us into a ditch.


On the new Pope:

Notably, however, Pope Francis did not join those Jesuits who became enamored in the last century with “liberation theology,” an attempt to do the impossible and blend Marxism with Christianity. His Christianity is less political than personal and theological, though he is not afraid to confront political malfeasance.

Amid Argentina’s financial crisis in 2002, then Cardinal Bergoglio offered a sermon in Buenos Aires in which he declared “To those who are now promising to fix all your problems, I say, ‘Go and fix yourself.’ . . . Have a change of heart. Get to confession, before you need it even more!”


Obama schedule for today from White House Dossier … busy busy busy:

12:45 pm || Meets with the Senate Republican Conference; U.S. Capitol
2:15 pm || Meets with the House Democratic Caucus; U.S. Capitol
4:15 pm || Receives the Presidential Daily Briefing

Late start to the day, but in his defense he was really busy last night- he had an Organizing for Action Dinner last night.

Obama Foodrama on OFA and Obama’s remarks:

OFA has been criticized as being a way for interested parties to pay a lot of money for access to President Obama, or as a thinly-veiled effort to ensure that Democrats win in the 2014 midterm elections. The President admitted that Washington observers are both “puzzled” and “suspicious” about why the organization was created, so he explained:

“What we want is to make sure that the voices of the people who put me here continue to be heard — that they’re not just heard during election time, that they’re not just heard in terms of dollar solicitations, that we are helping to build or sustain a network of citizens who have a voice in the most critical debates that are going to be taking place over the next year, year and a half, and if it works, potentially beyond.”

This is wrong on so many levels, but most of all because Obama ran as the hope and change president who was going to bring transparency to Washington. Remember his lament about big pocketed folks having the President’s ear, while us little people had to write letters. OFA is about raising money to campaign his legislative agenda.

Sadly, well into the president’s second term, he is acting as a campaigner-in-chief, not a chief executive. Organizing for Action is flooding the airwaves with advertisements praising the Obama administration’s policies, and viewers at home are being inundated with just as many talking points and political attacks as they were during the 2012 campaign.

He can call it “grassroots” all he wants, but yesterday’s dinner was open to those who ponied up $50,000, and the Q and A portion of the evening was CLOSED TO THE PRESS.

From Fox:

Earlier on Wednesday, organizers claimed that they OFA is not a partisan organization aimed at electing specific candidates, but rather a volunteer-driven nonprofit focused on popular issues pushed by Obama, such as curbing gun violence, promoting immigration reform and addressing climate change.

“This is something that should be celebrated, not criticized,” said David Plouffe, a former White House senior adviser.

See, it’s non-partisan! Pushing Obama’s issues.

“Our role, quite simply, is to change the balance of power by being an organization, a network of grassroots strength, that is going to stand up for that agenda,” said Jon Carson, OFA’s executive director.

Their role, quite simply, is to kill the Republican party with a permanent Obama campaign and propaganda. . Which, I guess would change the balance of power.

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