On May 11, 2012, at 10:45 AM, richardsan wrote:

> http://rudepundit.blogspot.com/

ON the other hand, I do believe him when he says that his impulse to assault a 
fellow student was not specifically homophobic; the kid had long hair. 
Apparently that was reason enough to commit felony assault and battery. (and an 
ambitious prosecutor could try kidnapping or unlawful restraint charges with 
the holding him down part.)

What worries me more is Mitts insistence that he doesn't remember this 
incident...implying that he did it often enough (this was described as a 
'prank') that he simply doesn't remember this particular instance. People who 
knew him then are coming out of the woodwork with tales of his casual cruelty.

No doubt Francis will tell us again that we're deflecting from the fact that 
the entire economy is Obama's fault considering most of the crash happened in 
the htree months before he took office. On Jan 21 Bush fled, after slapping 
Obama 'Teagyerit!'

I will remind everyone that Obama has presided over more private-sector job 
creation than Shrub did over his entire eight years...and even those notorious 
marxists at the Wall Street Journal are beginning to publicly notice that the 
unemployment rate would be significantly better without all the public sector 
layoffs that have occurred.

<http://blogs.wsj.com/economics/2012/05/08/unemployment-rate-without-government-cuts-7-1/>

It's curious that so-called conservatives have such a poor understanding of 
basic economics...they're desperately trying to find any reason for the 
continued econmomic slump other than what it is: a lack of demand. Any other 
explanation they come up with is simply not substantiated by the facts.

Taxes are lower than they have been since 1929, andFed rates are at the zero 
bound, so it's not a supply-side recession that can be fixed by reducing tax 
rates or interest rates. People with money are fleeing to the financial 
equivalent of stuffing their mattresses with cash...ten year T-bolls are at 
NEGATIVE real interest rates..investors are PAYING the US to borrow money.

This is a liquidity trap. The only way out is spending money.

A national economy is NOT a household that needs to tighten it's belt. 
Households deal with external economic entities: the mortgage, the phone bill, 
the grocer.

In the national economy my spending is another part of that economies profit, 
so if everyone stops spending, no one profits.

Laying off workers, cutting their salaries, the relentless pace to turn every 
state into a race-to-the-bottom state via 'Right to Fire' laws means that 
everyone's getting less and less.

Laid off workers don't buy stuff, leading to more laid-off workers.

You can offer everything you want to the wealthy investor class, up to and 
including blow-jobs on demand from anyone, but they won't start hiring until 
more people buy their goods and/or services. It's odd that we're demanding ever 
lower taxes on the 1% when the greatest economic boom in American history 
occurred when the top marginal tax rate was a confiscatory 90%...it's almost as 
though they're demanding that for their own selfish ends, not the national 
interest.

Now I know conservative's solution is the grim economic genocide of the 
Mellons: "liquidate labor, liquidate stocks, liquidate farmers, liquidate real 
estate…", because they don't REALLY think people will do anything about it and 
just meekly continue to accept their lot as 'muppets, moochers and losers'.

They'll probably think that just until they pass the 20th floor headed down 
fast after people finally snap and start tossing the plutocrats out of their 
penthouse office windows.

-- 
Bruce Johnson
University of Arizona
College of Pharmacy
Information Technology Group

Institutions do not have opinions, merely customs


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