Archive for bad economy

Brief encounter with Mr. & Mrs. Alan Greenspan: “Chairman Greenspan, how’s that trickle-down economics working for us?”

Photo by @Rousseau_ist

Photo of Andrea Mitchell in limo by @Rousseau_ist

Yesterday I posted Source– John McCain on economic inequality: “I don’t care, nobody cares.” That story was about and by one of my Twitter pals, @rousseau_ist, who came face to face with John Sidney McCain at the Alfalfa Club where he asked, “Senator McCain, what your your thoughts on the current state of economic inequality?” His response:

“I don’t care, nobody cares.”

Of course he didn’t care. He has eleventy-two homes and is married to Mrs. Wealthypants.

Today Rousseau sent me the sequel to that story. This one involves Alan Greenspan and his wife Andrea Mitchell. It was another brief encounter that I will let him to describe in his own words:

MSNBC DC Bureau Chief Andrea Mitchell dove into her limo at the Alfalfa Club billionaires annual pow wow Saturday Jan. 26th, stranding her feeble husband to find his own way to the opposite side of the vehicle. Former Federal Reserve Chairman Alan Greenspan hunched over, appearing confused, is finally helped to the other door.

As they came towards me, I ask, “Chairman Greenspan, How’s that trickle-down economics working for us?” ~ I would have offered an explanation as to how it was working for us, but I felt badly for him. (Imagine that) ~ Here is a guy barely able to stay on his feet and his wife expects a busy doorman to assist her husband. They people have the nerve to say poor people feel “entitled.”

This was my moment of being discreet by not bullying a husband and wife I can’t stand more than most individuals in this country.

Photo of Alan Greenspan by @Rousseau_ist

Photo of Alan Greenspan by @Rousseau_ist

Australian minister warns of Republican ‘crazies’

It really depresses me that the world sees us this way, thru our crazies. Not the Mediterranean banks or governments, but the freakin’ Teabaggers are the biggest threat.

CANBERRA, Australia – Australia’s deputy prime minister warned Friday that the greatest threat to the U.S. economy are the “cranks and crazies” in the Republican Party, a rare foray into American domestic politics that was blasted by the opposition.

Wayne Swan, who also is treasurer and his center-left Labor Party government’s ranking finance minister, took aim at the tea party during a speech to a business forum, breaking a convention among Australia’s major parties to steer clear of U.S. domestic political debates.

“Let’s be blunt and acknowledge the biggest threat to the world’s biggest economy are the cranks and crazies that have taken over a part of the Republican Party,” Swan said.

He said “the extreme right tea party wing” of the Republican Party had held the national interest hostage during last year’s debate over the U.S. borrowing limit despite President Barack Obama’s “goodwill and strong efforts.”

2006 VIDEO: GW Bush lauds (possible Romney running mate) Rob Portman as someone who “will keep the economy growing.”

If you follow the link below, you can watch a video in which Rob Portman, someone whose name has been mentioned often as a possible running mate for Willard Romney, blasts President Obama on the economy:

(CNN) – Sen. Rob Portman, a possible vice presidential pick for Mitt Romney, put himself in a trial-heat against President Barack Obama on Saturday, as he and Obama both talked economics and taxes in the weekly addresses.

Speaking for the Republicans, Portman – who is thought to be on Romney’s short list for the No. 2 spot – took Obama’s economic policies to task.

That was amusing, considering this from our pal :

Seems W had a little fun over-enunciating the word “agend-a.” But in addition to that syllable, he also managed to stress that the economy would grow with Portman’s help. Which it didn’t:

Willard Romney could very well choose “Rob Portman… the right man” to be his vice presidential pick, which once again proves that Mitt is happy to surround himself with BushCo alumni who nearly destroyed this country:

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VIDEO- Fox’s Brit Hume: “The Republican brand name is in terrible shape.”

Ya just can’t trust the GOP, said Brit Hume on Fox News Sunday:

The Republican brand name is in terrible shape, and people are not naturally sympathetic to the Republicans in Congress. They’re normally not sympathetic to the Congress as an institution, but certainly not to the Republicans. So any time Republicans do anything big or bold, they run the risk of people not liking it just because it’s them doing it.”

(Unrelated tweet, relevant quote)

H/t: Mediaite, where they give great video and provide more details.

Poll-itics: Americans Still Blame Bush More Than Pres. Obama for Bad Economy

Via Gallup.

After hearing President Obama’s Ohio speech today, what do you want to bet the 68% number will go up?

Even 49% of  Republicans blame Bush “a great deal” or “a moderate amount” for, well, the Bush economy.

Dueling quotes: Obama vs. Romney

Willard Romney put his usual hypocrisy on display at a lunch meeting of the Business Roundtable:

My own view is that he will speak eloquently, but that words are cheap, and that the record of an individual is the basis upon which you determine whether they should continue to hold on to their job.” 

So why is it, Willard, that you won’t go anywhere near your time as governor of Massachusetts?

President Obama, at a Philadelphia fundraiser at the Franklin Institute:

I am telling you, I want you all to pay attention over the next five months and see if they’re offering a single thing that they did not try when they were in charge, because you won’t see it.”

And then he reminded the crowd that Bill Clinton’s term– who was the last Democrat to reside in the White House– was the last time the federal government maintained a budget surplus.

VIDEO- Memo to Mitt Romney: Federal government DOES fund teachers, firefighters, police

June 8:

“Instead, he [Pres. Obama] wants to add more to government. He wants another stimulus. He wants to hire more government workers. He says we need more firemen, more policeman, more teachers.”

June 12:

That’s a very strange accusation. Of course, teachers and firemen and policemen are hired at the local level and also by states. The federal government doesn’t pay for teachers, firefighters or policemen. So obviously that’s completely absurd. He’s got a new idea, though, and that is to have another stimulus and to have the federal government send money to try and bail out cities and states. It didn’t work the first time. It certainly wouldn’t work the second time.”

Well, not quite, as Ezra Klein so eloquently explained here. And Think Progress drives it home:

Replacing the lost public sector jobs would reduce unemployment by a full percentage point and make the economic recovery stronger.

What’s “absurd” is Willard’s latest Etch A Sketch Moment. But wait! Not only did he flip flop again, he’s dead wrong about the federal government’s role in funding teachers, firefighters, and police officers.

They are hired at the local level, but the federal government provides much of the funding, recruiting, and training.

Think Progress lists several examples to prove the point, but here are one each:

Teachers

Firefighters

Police

  • Community Policing Development: funds to advance the practice of community policing in law enforcement agencies through training and technical assistance

So he’s a hypocritical flip-flopper as well as completely uninformed. No wonder he’s the candidate of choice for Republicans.