Blog Archives

The Economist endorses Obama…

This is a surprise, but The Economist, primarily a business publication, has endorsed Obama over businessman Romney. Here’s the statement:

“As a result, this election offers American voters an unedifying choice. Many of The Economist’s readers, especially those who run businesses in America, may well conclude that nothing could be worse than another four years of Mr Obama. We beg to differ. For all his businesslike intentions, Mr Romney has an economic plan that works only if you don’t believe most of what he says. That is not a convincing pitch for a chief executive. And for all his shortcomings, Mr Obama has dragged America’s economy back from the brink of disaster, and has made a decent fist of foreign policy. So this newspaper would stick with the devil it knows, and re-elect him.”

 

Quote of the Week – What does the business community really think of Mitt?

 

Even the folks Romney claims to be a representative of, the Business Community, is unsure of his qualifications:

“All politicians flip-flop from time to time; but Mr Romney could win an Olympic medal in it.

“…competence is worthless without direction and, frankly, character. Would that Candidate Romney had indeed presented himself as a solid chief executive who got things done. Instead he has appeared as a fawning PR man, apparently willing to do or say just about anything to get elected. In some areas, notably social policy and foreign affairs, the result is that he is now committed to needlessly extreme or dangerous courses that he may not actually believe in but will find hard to drop; in others, especially to do with the economy, the lack of details means that some attractive-sounding headline policies prove meaningless (and possibly dangerous) on closer inspection. Behind all this sits the worrying idea of a man who does not really know his own mind.”

– The Economist

 

Ayn Rand an Illegal Immigrant

Ayn Rand

My thanks to Bruce The Economist for bringing attention to this as we see the conservative elite clamp down on possible voting immigrants…

Brucetheeconomist's Blog

Date: Tue, Feb 14, 2012 at 8:27 PM

Earlier this month was the birthday of Ayn Rand, the controversial philosopher and novelist, who emigrated from the Soviet Union in 1926. Regardless of what one thinks of her ideas, there is no denying that she was a great American. When the American intelligentsia was playing footsie with Soviet communism, Rand unabashedly defended liberty and individual rights, America’s core values, famously declaring: “[The] United States of America is the greatest, the noblest and, in its original founding principles, the only moral country in the history of the world.”

But this proud naturalized American, who arguably did more than any contemporary figure to restore the faith of Americans in America, might have been hounded out of the country if one of our current crop of Republican hopefuls had been president when she arrived. Why? Because Rand lied and bent every rule to gain…

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A Quote for the Day – From Paul Krugman

When I was young and naïve, I believed that important people took positions based on careful consideration of the options. Now I know better. Much of what Serious People believe rests on prejudices, not analysis. And these prejudices are subject to fads and fashions.

Go in and read Krugman’s NY Times column, Myths of Austerity, HERE.

A Quote for the Day – Paul Krugmann on Global Warming

“Keeping world markets open is important, but avoiding planetary catastrophe is a lot more important….”

– Paul Krugmann in the NY Times

You deserved the Nobel Prize, Krugmann. Keep reminding us what the results of our inaction will be.

US Chamber of Commerce going out of its way to hire an economist to topple Health Care legislation…

… says the Washington Post this morning. It looks like targeting the end point you want to make tops getting at the truth. Here’s a clip:
clipped from www.huffingtonpost.com

The U.S. Chamber of Commerce is soliciting funds to pay an economist $50,000 to study health care reform legislation and issue (what the lobby presumes) will be a negative review, providing ammunition to shoot down health care reform in the Senate, according to The Washington Post.

The Newspaper obtained an e-mail from James P. Gelfand, the senior manager of health policy at the Chamber of Commerce detailing how the plan would work:

“The economist will then circulate a sign-on letter to hundreds of other economists saying that the bill will kill jobs and hurt the economy. We will then be able to use this open letter to produce advertisements, and as a powerful lobbying and grass-roots document.

The Post report is the latest to document the business lobby’s efforts to stop health care reform in the Senate and the House.
The Chamber of Commerce spent more money on health care lobbying than any other group during the third business quarter.
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