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About Me:
Real Name: Duncan Black
Age: 38
Location: Philadelphia


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Wanker of the Day

Anne Barnard.

 
Links

Digby reposts some helpful hints from Bill in Portland, Maine. (Heading there on Friday!)

Useful during the election season, and at those Labor Day cookouts (as we say in Maine.)

 
Overnight

Rock on.

Nick Jaina - Another Kay Song from Joshua Jay Elliott on Vimeo.

 
By Request

Just taken picture of not dead cats.

 
Late Night

Rock on.

 
Tuesday Night Thread

House hasn't fallen down and cats are alive.

 
Evening Thread

Keep it real.

 
Take This Job And Shove It




It seems the new folk heroes are those who quit their jobs in a dramatic and spectacular way. I'm starting to sense echoes of the 70s, when a surly fuck the establishment attitude was starting to rise up. Ultimately Reagan channeled that and the rest is history.

 
Wanker of the Day

Gov. Paterson.

 
Afternoon Thread

Gonna go pee in a cup and submit it for my drug test.

 
Something

Not super optimistic about the effectiveness, but better than not doing anything.

U.S. stocks pared Tuesday losses but remained in negative turf after the Federal Reserve maintained lending rates at historic lows and said it would reinvest proceeds from maturing mortgage-backed securities into Treasury bonds.

Somebody should warn them about the bond vigilantes.

 
Save The Banksters, Save The World

As emptywheel points out, it's a bit inartful to claim the administration "got our economy moving again." As with Recovery Summer, it's at best poor messaging and at worst a failure to understand that... the economy sucks.

 
Lunch Thread

enjoy

 
Walking Back, Inartfully

I don't even know what this is supposed to mean.

"I watch too much cable, I admit," Gibbs told the Huffington Post. "Day after day it gets frustrating. Yesterday I watched as someone called legislation to prevent teacher layoffs a bailout - but I know that's not a view held by many, nor were the views I was frustrated about."

So frustration at right wing assholes on cable news make you lash out at The Professional Left, who are busy trying to get teacher funding passed?

 
Behold The Power Of My Mighty Blogs

Joking aside, I know Gibbs' hissy fit didn't happen because he stays up late at night petrified wondering who might be the next wanker of the day. But, generally, DC Dems hate The Left even when, as below, it's The Left that's spending time and money to exert the pressure to pass their stated agenda.

 
The Professional Left

For the record, they're the ones pressuring the senators for Maine.

 
Too Small By Design

Whenever the subject of "too small" stimulus comes up, somebody chimes in and says that anything bigger couldn't have gotten through Congress. That might be true, though in my opinion even if it was true the administration should have made the case for a bigger stimulus and then grudgingly accepted "the best they could get." It would have made it easier to come back for more if necessary, which it obviously is.

But we know that the stimulus wasn't simply too small because of politics, it was too small by design.

The memo to Obama, however, detailed only two packages: a five-hundred-and-fifty-billion-dollar stimulus and an eight-hundred-and-ninety-billion-dollar stimulus. Summers did not include Romer’s $1.2-trillion projection. The memo argued that the stimulus should not be used to fill the entire output gap; rather, it was “an insurance package against catastrophic failure.â€? At the meeting, according to one participant, “there was no serious discussion to going above a trillion dollars.â€?

Krugman says this was what he was thinking:

For what the Committee to Save The World did in the Asian crisis was … not much. Some emergency loans to ease liquidity problems, some declarations that they were highly confident, a bit of interest-rate cutting; and once the panic was over, things recovered pretty much on their own.

Hence the view that fiscal stimulus was just an insurance policy, that the big thing was to stop the economy’s headlong descent, and then unemployment would come down mostly of its own accord.

 
The View From There

A bit of perspective.

Among the 52 metro areas with populations of more than one million, in only three did both net earnings and the broader measure of personal income both rise.

All three had strong ties to the federal government: the Washington, D.C., area and two areas with a large military presence, San Antonio and Virginia Beach, Va. In all three, the biggest gains were among workers in the federal government and the military; private sector compensation fell.