The Week in Politics

with Josh Green, Matt Bai, Al Hunt and Jackie Calmes
in Current Affairs
on Friday, October 14, 2011 * * * * *

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The Week in Politics with guest host Al Hunt of Bloomberg News, Matt Bai of The New York Times, Jackie Calmes of The New York Times and Josh Green of Bloomberg Businessweek

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Keywords:
Romney
Gingrich
Obama
Rick Perry
Republican
Bachmann
ron paul
Cain
Chris Christie
Huntsman
politics
2012
Santorum
OWS
GOP
President
Occupy Wall Street

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  • Comments 14
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    1. JohnGelles  10/19/2011 09:37 AM Report

      http://www.oninnovation.com/videos/detail.aspx?video=1259&title=Inspirations

      Another link on Musk. I'll quit now -- just thought these URL's were new to me and interesting.

    2. JohnGelles  10/19/2011 09:24 AM Report

      http://www.todayifoundout.com/index.php/2011/08/robert-downey-jr-modeled-his-portrayal-of-tony-stark- after-elon-musk-one-of-the-founders-of-zip2-paypal-tesla-motors-and-spacex/

      Above is link to site on Musk as Model

    3. JohnGelles  10/19/2011 06:22 AM Report

      Doodee ~

      There have been movies made that included characters modeled on Elon Musk. And there should be (and will be) more. He is our modern Edison and Ford. Tonight I watched Jill Abrahamson. She edits the NY Times. I would love to see a movie reflecting an artistic appreciation of the women of the NYT. Charlie Rose mentioned these ladies -- and they seem to be close friends. Inventors like Kamen and Musk and writers like Dowd and Abramson should be in our movies even more than they are.

      Thanks for reading Wikipedia on Musk.

    4. SharkswithfrikingLazers  10/19/2011 02:09 AM Report

      Josh Green says the Texas miracle is not all it is cracked up to be.

      About half the jobs in the country were created in Texas during the recession. This looks good from a distance. However, 2/3 of the jobs created have been government jobs since the beginning of 2007. The stimulus came from the Federal Government and the Texas budget was not cut like other states (which turns out to be a mistake in not listening to "One Tough Grandma" who was the Comptroller at the time).

      Texas roads are falling apart, rolling brown outs, water problems due to drought. Perry called for a day of prayer for more rain in an official state proclamation.

      Hey Josh, perhaps you should get with PoltiFact:

      http://www.politifact.com/truth-o-meter/statements/2011/sep/14/ron-paul/ron-paul-says-under-rick-perr y-government-jobs-gre/

      "Even leaving out federal jobs, about one out of every four new jobs in Texas during Perry’s tenure has been a new state or local government job."

      In any event, drilling down (yes when it comes to facts: drill-baby-drill) and there are BIG issues in Texas.

    5. doodee  10/18/2011 12:54 PM Report

      ... Let's just hope that the balance between (Overleveraging?) Host Wealth Makers and Parasites does not tip too far on the Parasitical side. the politicians seem to be confusing the 2 categories, the lobbyists and Pacs and now SuperPacs and HedgeFund manipulators selling themselves off as Wealth Makers and bribing the republicans and democrats to believe them. Could scare off the 'extraordinaires'.

    6. doodee  10/18/2011 12:41 PM Report

      Just read the Wikipedia on 'Elon Musk'. I never heard of him before. After reading his resume, I just wonder why did they make a movie about a varmint like the Facebook Brat when they should be making a movie on this guy, who's really did/doing something? Where are the priorities in Hollywood?

    7. JohnGelles  10/18/2011 08:38 AM Report

      Doodee, it's 5 am here -- God knows what where you are. Yet we seem to be awake and agitated. Larry Summers is not Ben Bernanke -- Larry is too slow while the system has no feelings. Bernanke has printed money but not grabbed the flag and the sword to defend his actions. He, like the President, are fearful of impeachment when the people are so misinformed as to be their own worst enemy.

      The corporations in my book are not the villains. They are, like the people, victims of a system that was based on money profits instead of real performance in the real world.

      Thought experiment tells us that all the gold and oil on earth are not the answer. Hydrogen for fuel and carbon for construction are among the answers.

      We need an issues resolving machine which will guide human reform of government almost as fast as government grows.

      Corporations produce our needs. They decentralize decision more than parliaments do. They invite more brains to the table than bureaucracy. The fact that they cheat and steal must be met with reform not abandonment of their function.

      I am optimistic over information technology especially the cloud that may help defeat the hackers and the glut.

      Doodee, do me a favor. Read about Elon Musk (the entrepreneur extraordinary,) in Wikipedia and on Amazon, and tell me if I'm wrong to think he and his type are signs that the American system is still capable of miracles.

      Imagine if the hydrogen economy were our objective...if we valued carbon for what it can make that lasts not fire and flame that waste and pollute? Imagine what it will be like when we manage competitive producers serving needs in ways that support prize jury awards more than lowest cost and price. Imagine zero unemployment and a minimum wage no less than more than enough to feel rich. Nature may immune to worry over misfortune, but human nature is not. Nothing stands between things as they are and as they should be but time. And time flies.

    8. doodee  10/18/2011 07:53 AM Report

      ... I'm sorry, John, I didn't mean to interpretrupt.

    9. doodee  10/18/2011 07:49 AM Report

      ... Actually, Monsanto STOLE All the Seeds; so it would be Justified.

    10. JohnGelles  10/18/2011 07:48 AM Report

      In the rant below I am unfriendly to Charlie Rose and our first comment-poster, REPent (spelled with an Ma in place of Pe). REPent is a hopeless case, but Charlie Rose is different. He is an interviewer not a sage. I want him to be on the side of genius -- which he often is. But in today's Tower of Babel end game, am I being fair to an interviewer caught between Krugman and, say, Austan Goolsby, with the former right and latter wrong as wrong can be?

      Charlie Rose tries hard not to promote false doctrine. And Krugman, himself is too weak on "printing money now and taking or taxing it out of circulation if and when we must". So, to be fair to CR, he is wrong not to invite economists favoring functional finance to the show for an interview. But he right not to be judge and jury for all the issues we face today.

    11. doodee  10/18/2011 07:44 AM Report

      I suspect the Resistance to your common-sense approach, JohnGelles, (which sounds very closely similar to Krugman and Sumners), is the old American adage, 'Money doesn't grow on trees', but if people would employ their brains they will find that it actually does. But, Monsanto owns the seeds. And they like to keep the peons poor and Hungry. But if something like the government or something else would hold a knife to their throats, I'm sure they would have a change of 'heart'. And let the sunshine in. Like the Grinch.

    12. JohnGelles  10/18/2011 07:20 AM Report

      "AUSTERITY", the plan offered by those who fear hyperinflation fed by printing more money because lending more money in the face of poor profit projections is shunned by the banking system, is at the heart of Tea Party doctrine to stop government spending on the poor and unemployed.

      "SPREAD THE WEALTH", the plan sought by those who fear long term unemployment and its effect on democracy itself, is at the heart of Occupy the Street doctrine to stop government paralysis (and consequent failure to reorganize debt and fully employ capital and labor) in order to defend human rights at home and abroad.

      One might guess that REMant favors austerity and doodee favors spread the wealth. Gelles, REMant and doodee all favor the real solution "GROWTH", the Keynesian plan to promote human rights and democracy by full employment, hard work and honest dealings among men and women on the planet earth. Keynes wrote the book on employment and money and how to put a system where supply exceeds demand back together so that supply and demand both grow to meet obvious and legitimate need.

      Sadly, REMant does not know he is a Keynesian. He thinks he is an ignorant hard nosed critic of all the 20th Century taught the world about supply, demand, money, communism, fascism and corruption -- as they effected the global economy after World War I and on to this moment in time.

      Doodee wonders if anarchism is really where we are. And I believe he is right about that. Anarchism rules this archive. Charlie Rose the architecture lover is unable to come to the obvious conclusion that only government is positioned to force economic recovery from gross market failures and other unexpected disasters such as fire, flood and earthquake. Government can do it by printing money enough to motivate the hard endless work behind supply of material needs.

      And when monetized demand grows too fast to be absorbed by savings and inventories of all we have produced, only government can cancel out its printed money or tax it out of circulation long enough for motivation to be recharged and the economic machine to regain its power.

      Keynes explained the high value of entrepreneurial genius and freedom and the need to keep the arteries of commerce from hardening under socialism. Certain idiots like REMant have not read that in the General Theory of Employment, "Debt" and Money. (Keynes used "interest", but debt is closer to the facts.) REMant wants to be an Austrian and sicken us with its trash.

      All the pundits tell us the Occupy the Street protest is not yet ready to offer Keynesian-explicit agendas. True. Sad. Pitiful, in fact.

    13. doodee  10/17/2011 03:44 PM Report

      If the Republicans lose the Presidential election with Unemployment over 7% but keep control of the Congress, then WOW, that will be pretty pathetic for us peons . If the GOP doesn't take a hint like that, then I'll have to suspect some corruption at play.

      I'm getting tired of the term 'ObamaCare', because it is Really Obama-Boehner-Pelosi-Reed-Fuck-Me Care. Thank you very much wall street, I'll start thinking about becoming an Anarchist.

    14. REMant  10/17/2011 11:49 AM Report

      I was thinking myself that as seems so often to be the case, the worst have risen to the top, while many of the best have been overlooked or reluctant to run - exactly what the Founders worried about.

      I doubt Cain will go much further, and seems to me a caricature of the n-word, which in this politically correct nation might be okay if he didn't also resemble Clarence Thomas. And that discounts his many problems with substance and the Kochs. Romney can't seem to avoid comparison with George Hamilton, as the Concord paper opined four years ago, except among ppl like Chris Matthews who believes he is a re-incarnation of Tip O'Neill. And tho I think the public probably realizes Perry's a better executive than orator, he comes across as the Post tried to picture him, something between Jock Ewing and Tim LaHaye, and his wife is a clear liability in the latter regard.

      I doubt therefore any of the more prominent candidates can beat Obama if it comes down to personalities - certainly not if the GOP is divided. Ideally, that party needs an old-fashioned isolationist-populist-conservative to recall it to its roots, and recapture the public imagination, but it is still encumbered by remnants of neoconservatism, and its Wall St connections. The fundamentalism doesn't help either. No one seems to mind how much silliness is spouted by high-church types, (as long as they don't molest children), but talk about the apocalypse or family values will get you branded a fascist.

      If no one of this type emerges, then my guess would be the president will be re-elected tho the Senate go Republican, as well as, IMHO, hang onto the House, because I don't see any great backlash against the Tea Partiers per se. The Post reported Saturday the admin intended to play up to the Occupy Wall St movement. This is not surprising since it seems to have done everything it could to encourage it, altho I think stupid. A better course of action would be to sympathize with the sentiments, but not the ppl, because Americans have little regard for hippies, no matter what they might think of the same in far away places, and I doubt they have too much pity for kids with $28,000 student loan debts, now that they realize the money has to come from somewhere. I would keep in mind, too, that pollsters prey upon the public mind like so many carnies.

      Gridlock tho is not such a bad outcome. Nevertheless, the GOP really needs to get its act together and start developing both candidates and platforms. This is certainly one area where the mkt appears inefficient. That returns me to the question of why we have so few of the former, and I can only think that's because the majority of Republicans either think govt unimportant (except to extract favors from it) or (to expand Will Rogers) because there's no one quite as stupid as a 55-year-old careerist. I would advise them all to read Ike's "Why I Am a Republican." There's nothing wrong with balanced budgets, sticking up for fair dealing, being self-reliant, minding our own business and leveling with the American people.

      Any Keynesian, BTW, should applaud spending money on elections as much as on anything else.