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Good Morning! Rise and Shine! Get that Cup O' Joe...
break out the O.J....hang out with the pooch...time to check out the Funnies!
The deficit hawks, believers in smaller government, even when the world is going down in flames, have discovered youtube. Hey everyone, might as well die laughing.
A simple question. An obvious question. While the non-debate debate rages on over tax cuts in the American Recovery and Reinvestment Act of 2009, this fundamental question of how many real jobs will go to real American workers needing a job....is not asked.
So, I'm asking it. I do not have an answer.
We have already seen TARP bail out recipients replace Americans with foreign guest workers.
In many ways, the past forty years of Anglo-American history have been marked by a revolution of a few who live by wealth upon the many who live by labor. If the first half of the 20th century can be seen at the revolt of the masses, this latter half has been a revolt of the elites. Nowhere is this more apparent than in delinking of increases in labor productivity from growth in real wages. I think that this graphic illustrates what's been happening pretty clearly.
Given this the plea to "Save the Bankers" which will appear on the front page of the style section of tomorrow's New York Times is all the more galling.
The article begins by explaining how $500,000 a year (the CEO salary cap propose by the Obama administration) is simply not enough to keep them in the manner to which they have become accustomed.
I love Fridays, especially around 5pm or later for that is when the really bad news is released.
Ya know like 600,000 jobs lost in a month....(and notice how it's rounded down just a tad in most news reports..magically that 5 looks less scary than 6)
County Bank of Merced, California, with deposits of $1.3 billion and assets of $1.7 billion, was shut tonight by the state’s Department of Financial Institutions, according to an e-mailed statement from the Federal Deposit Insurance Corp. Westamerica Bancorporation, holding company for Westamerica Bank, acquired all the assets and deposits.
I have held off on posting more information on the American Recovery and Reinvestment Act of 2009 ongoing negotiations in the Senate due to the minute by minute changes and even a question of it's passage.
As usual the talking heads on cable news only talk about victory and not the specifics or credible analysis.
Previous posts include CBO analysis and other economists' analysis with potential stimulus effect. See Part II and Part I.
It appears Vivek Kundra will be the new CTO but also the position might be moved to be under the House Science Committee.
The Obama administration plans to announce it has appointed Vivek Kundra, the District of Columbia's chief technology officer to take the top information technology post in the federal government, according to a source.
Kundra, who has deployed advanced applications to improve the performance of public services during his nearly two years as CTO for the District, will replace Karen Evans as administrator for e-government and information technology in the Office of Management and Budget. The position effectively serves as the federal government's chief information officer. The administration could announce Kundra's appointment as soon as Thursday.
Kundra could not be reached, and a spokesman for Washington Mayor Adrian Fenty declined to comment.
Paul Krugman makes no effort to disguise his contempt for the gasbag Buchanan and schools 'Morning Joe' here. Joe actually cuts Buchanan off because the fat, old fool doesn't realize he's violating Twain's injunction.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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