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The manifesto of Joe Stack…

February 20, 2010 Leave a comment

Reprinted in full:

The Manifesto of Joe Stack

If you’re reading this, you’re no doubt asking yourself, “Why did this have to happen?”  The simple truth is that it is complicated and has been coming for a long time.  The writing process, started many months ago, was intended to be therapy in the face of the looming realization that there isn’t enough therapy in the world that can fix what is really broken.  Needless to say, this rant could fill volumes with example after example if I would let it.  I find the process of writing it frustrating, tedious, and probably pointless… especially given my gross inability to gracefully articulate my thoughts in light of the storm raging in my head.  Exactly what is therapeutic about that I’m not sure, but desperate times call for desperate measures.

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The case for bitch-slapping Saint Paul until he wets his panties: When Harry met Josef

February 20, 2010 1 comment

Harry S. Truman and Josef Stalin

As we stated in The case for bitch-slapping Saint Paul until he wets his panties: Dog whistle economics…, Paul Krugman’s support of a higher inflation target by the Federal Reserve is nothing more than a call to reduce still further your standard of living – to break you with starvation in order to fluff up the profits of American corporations. His reputation aside, the support of this policy results in just the consequences we stated.

That the left continues to tolerate him in their midst is a damning admission of their intellectual poverty.

In support of this view we have introduced the case of the Soviet Union, and no doubt this confused you: Wasn’t the Soviet Union a command economy? Did they not declare themselves socialists – or, still worse, communists – and avowed enemies of all things capitalist? What possible parallels can there be in the economies of the two countries?

In the Messiah’s 2010 Economic Report of the President, we find these words:

Chapter 4 examines the transition from consumption-driven growth to a greater emphasis on investment and exports. It discusses the likelihood that consumers will return to saving rates closer to the postwar average than to the very low rates of the early 2000s. It also describes the Administration’s initiatives to encourage household saving. Greater personal saving will tend to encourage investment by helping to maintain low real interest rates. The increased investment will help to fill some of the gap in demand left by reduced consumption.

The report highlights the “Administration policies, such as investment tax incentives, designed to promote private investment.

It’s a hoot, and if you by chance are in need to a sleeping aid, you just might want to crack it open and feel your eyelids slam shut within fifteen minutes – mouth open, plaster cracking, full-bore snoring, baby! It is the stuff of which boiler-plate is made – the kind of crap that passes for economic policy on the campaign trail, and in town meetings staged for television, with some portion of the audience employed as a prop behind the speaker. Politicians are for investment, in much the same way they are for national security, the flag, and family values.

For politicians, every economic problem afflicting society can be fixed if we just encourage more investment.

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