Charlie Rose

PokerCat  11/24/2010 12:53 PM Report

The left of center Simpson-Bowles deficit plan got 95 minutes, the loony left got 27 minutes.

Let's see, right of center, 0. Tea Party, 0.

Typical P-BS.

REMant  11/23/2010 11:10 AM Report

This is the same thing the Labour Party is crying about. It makes no sense, and it never has. Indeed, it is what has helped cause the present situation in the first place. It is pure Keynesianism and entirely consumption-driven. You cannot help the middle class that way. Dean's argument that spending is costless, was made to FDR in 1937-8, after nothing else worked, and, of course, he loved it, since it allowed him to gear up for WWII. There isn't any point in recounting the arguments against this. On the issue of the tax cuts, however, I see no reason to continue them making it even more difficult to balance the budget.

Ricardo_Amaral  11/22/2010 10:21 PM Report

November 19, 2010

A reality check regarding the US economy

Overdose: The Next Financial Crisis

http://www.youtube.com/watch?v=4ECi...player_embedded

*****

November 22, 2010

A reality check regarding the US economy from a German perspective

SPIEGEL (Germany)

A Superpower in Decline: Is the American Dream Over?

http://www.spiegel.de/international/world/0,1518,726447,00.html

*****

“There Will Be Blood” - By Paul Krugman

Published: November 22, 2010

The New York Times

http://www.nytimes.com/2010/11/22/opinion/22krugman.html?_r=1

*****

November 22, 2010

Talking about becoming Neurotic: Here is the United States version of a dangerous terrorist

TSA Pat-Down of a 3 Year Old

http://www.youtube.com/watch?v=VN6pJ7nP1yA&NR=1

*****

Brazzil Magazine – November 22, 2010

Ricardo Amaral: I am not criticizing Dilma Rousseff, she is not the current president of Brazil.

Guido Mantega has to take action before she becomes the president of Brazil in January of 2011.

Guido Mantega has to catch the market by surprise right now, before the stampede starts out of Brazil.

Right now the vultures are feasting in Europe - Greece, Ireland, Portugal, Spain, and so on...

But before you know they are going to feast in Brazil.

Basically what I am saying is that Guido Mantega should do the dirty work before the end of 2010, and leave the new structure in place and ready for Dilma Rousseff when she becomes president in January 2011.

There's nothing wrong in positioning Brazil right now to play the same currency game that China and the United States have been playing.

The game is not going to change for a long time regarding China and the United States, because of the internal problems that it would cause for the economies of these 2 countries.

That's why Brazil has to adjust on its side to play the same game that these 2 countries are playing.

There's no two ways about it - in 2011 and 2012 the US economy is going to implode into a black hole when the 34 Republican governors follow the lead of the governor of New Jersey (remember New Jersey is the model right now for the Republican Party) and most of these governors were elected to cut their state budgets to the bone as the New Jersey governor did in 2010.

Governor Christie cut the New Jersey state budget by 33 percent from $ 33 billion dollars to $ 22 billion dollars and the result has been a massive implosion of the New Jersey economy.

In 2011, and 2012 governors from around the United States are going to cut their states budget by 25 to 30 percent and the result will be catastrophic for the United States economy - the US dollar should decline accordingly creating a major currency crisis.

The time is now to announce a devaluation of the real by 30 or 35 percent and to anchor the real against the US dollar and the yuan - and when the s**t hits the fan we all hope for the best.

If Guido Mantega does not follow this strategy then the Real will continue appreciating against the US dollar and the yuan with catastrophic consequences for the Brazilian economy.

.

don0  11/22/2010 07:48 PM Report

Well, Charlie, you really challenged Mr. Baker on that business about the public option that didn't make it into the "health-insurance-blackmail-payment" bill that barely made it through the sausage mill (unless you take the fascist spin that it was "rammed through" - oooh, I love it when they talk "forced" excess).

The correct answer, for those playing along at home, was that between the Knights of the Klan of "NO to the Nee-gro in the White House," led by Gen. Beauregard DeMint, and their co-conspiratorial kiss-asses NOT in the Klan, like Ben Nelson of Nebraska and Lieberman from the sovereign state of Me-Myself-and-My-Own-Political-Career, there wasn't a snowball's chance in hell of getting anything worthwhile in the bill.

Funny, though, how you didn't really probe the Brothers Grim about the laughability of getting their shit through the Congressional wringer. Oh yeah, that's right - it probably won't even get out of the Cat-food Commission, let alone through the Senate. Obstructionism is a two-edged sword and paybacks are hell. What was it some wisecracking smartass old Senator once said? "Politics is a contact sport!"

JohnGelles  11/22/2010 06:37 PM Report

MGrish has the right idea.

The debate between (a) stimulus and/or quantitative easing (QE), as Bernanke does it, and (b) mild austerity as UK and Euro nations recommend, needs our full attention.

The added debate between Republican anti-Obama-nomics and Democratic hopes for jobs and unions and middle class rewards is also interesting -- if less commonsensical than the first debate.

If MGrish wants to we will form a small team on a better host and try to make more sense than can be made with this audience.

charlizecourriers  11/22/2010 05:38 PM Report

When will "progressives" begin talking about the world of junk that upholds the economy. The planet is being ravaged to produce more and more junk, produced yesterday, bought today and discarded tomorrow. "Economy" seems to be a word that disguises the deep problems about how we relate to the world we live in; a denial shared by the left and right, and talk show hosts like Mr. Rose. We need new guests on this show, who are thinking-not ranting. For a guest to say "there is no urgency" is tragic.

robdverity  11/22/2010 05:33 PM Report

Immaterial as immaturity will prevail anyway. New or old there are no adults (yet) in Wash. Re-electioneering will continue to trump statesmanship, so no taxes, nor worthwhile remedies like defense reductions (Okinawa, Germany et al), $1.00/gal gas tax, progressive VAT tax for three years for goods over $50,000, flat tax 15% (NO EXEMPTIONS - even for rich who own lobbyists). Reduced mileage, OPEC will lower cost/bbl and offset some of per gal. tax. More cuts accompanyied with some long-term infrastructure spending like nation-wide internet, maybe high-speed rail, natural gas conversions for diesel?

MGrish  11/22/2010 02:14 PM Report

Is it coincidence that supporters of the Simpson-Bowles deficit plan got 95 minutes of airtime on Charlie Rose and critics/ opponents 27 minutes? Given all the media attention to the deficit, shouldn't this debate be more balanced?