tag:blogger.com,1999:blog-2761684730989137546.post8123221694873526239..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: David Stockman's reluctant and embarrassing admissionmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-2761684730989137546.post-72667322463219491712011-08-18T16:29:50.129-04:002011-08-18T16:29:50.129-04:00Googleheim: Please buy a new keyboard.. one where ...Googleheim: Please buy a new keyboard.. one where the caps key isn't locked down. On behalf of everyone's eyes and brains.. Thank you!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-82089072239192185322011-08-18T16:10:56.784-04:002011-08-18T16:10:56.784-04:00Stockman has been appearing everywhere. I don'...Stockman has been appearing everywhere. I don't think he's promoting a book so I keep asking myself what does this guy want?<br /><br />Is he looking for a job in this Administration (good luck!) or the next? Is he getting ready to run for Congress or the Senate?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-83663162648962401302011-08-18T13:03:17.051-04:002011-08-18T13:03:17.051-04:00"but for the intervention of WH Chief of Stat..."but for the intervention of WH Chief of State James Baker"<br /><br />Thanks Mike, obviously Baker was Reagan's WH Chief of STAFF and later became Bush's Secretary of STATE. :o)<br /><br />Baker was easily the most competent executive in both of those Administrations (he was also Reagan's 2nd term Tsy Sec). Frankly, we'd have all been better off if Obama had asked Baker to come back to Tsy. The only Tsy Secs that Wall Street can't buy are the ones from Texas that Big Oil already own (Connolly, Baker, Bentsen). :o)<br /><i>During the 1990s, American officials routinely urged their Japanese counterparts to kill their zombie banks before they could do more damage to Japan’s economy. Today, it would be irresponsible if we did not heed our own advice.</i><br />http://www.nakedcapitalism.com/2009/03/jim-baker-first-lets-kill-all-zombies.htmlbeowulfhttps://www.blogger.com/profile/14987548132065830204noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-83873752545343696622011-08-18T11:25:45.998-04:002011-08-18T11:25:45.998-04:00Beowulf: LOL!!! Awesome, man!!Beowulf: LOL!!! Awesome, man!!mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-49761728474574129962011-08-18T08:21:56.899-04:002011-08-18T08:21:56.899-04:00"Stockman strikes me as the sort of guy who c..."Stockman strikes me as the sort of guy who could be very smart, if only he'd stop trying so damned hard not to be."<br />He was the Paul Ryan of his day. Elected to Congress very young he became a national figure as a budget wonk (Reagan appointed him OMB director when he was in early 30s). <br />His personal "Ryan Plan" epic fail was when less, than a year in the WH, he talked out of school with journalist Bill Greider. Stockman complained (while he's budget director!) about Reagan cutting taxes too much and not cutting spending enough. He would have been fired at behest of Reagan loyalists but for the intervention of WH Chief of State James Baker (who talks, rather winningly, like a David Mamet character).<br /><br /><i>"My friend," he started, "I want you to listen up good. Your (expletive deleted) is in a sling. All of the rest of them want you (expletive deleted)-canned right now. Immediately. This afternoon.<br /><br />"If it weren't for me," he continued, "you'd be a goner already. But I got you one last chance to save yourself. So you're going to do it precisely and exactly like I tell you. Otherwise, you're finished around here."<br /><br />Baker continued his verbal thrashing without blinking an eye. "You're going to have lunch with the president. The menu is humble pie. You're going to eat every last (expletive deleted) spoonful of it. You're going to be the most contrite (expletive deleted) this world has ever seen...Let me repeat something, just in case you didn't get the point. When you go through the Oval Office door, I want to see that sorry (expletive deleted) of yours dragging on the carpet." </i><br />http://www.chron.com/CDA/archives/archive.mpl/1986_235495/the-triumph-of-politics-trip-to-woodshed-reveals-f.htmlbeowulfhttps://www.blogger.com/profile/14987548132065830204noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-73675115490729299272011-08-17T20:05:10.097-04:002011-08-17T20:05:10.097-04:00the effect is now hereby known as the "defici...the effect is now hereby known as the "deficit terrorist lobotomy"<br /><br />the object now has properties that are self expressive.<br /><br />they don't know there left from right therefore let's put Mosler back into 2012 !!!googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-5019426227802993802011-08-17T20:03:17.672-04:002011-08-17T20:03:17.672-04:00ADD TO THIS CHINA SAYING ON MONDAY THAT THEY WERE ...ADD TO THIS CHINA SAYING ON MONDAY THAT THEY WERE WORRIED ABOUT ALL THAT MONEY "THEY GAVE TO US" WHEN IN FACT WE KNOW THEY NEVER EXCHANGED ONE SINGLE YUAN RENMIBI.<br /><br />THEY ARE WAGGING OUR TAIL JUST LIKE I SAID 3 YEARS AGO IN THIS BLOG BY HOARDING DOLLARS GIVEN TO THEM TO THEM TO THEM !!! BY THE AMERICAN CONSUMER ...<br /><br />IT'S NOT THE CATHOLIC CHURCH AS ANALOGY HERE, IT'S THE GERMANS AND THEIR ATHEISTIC REFORMATION. THEY WOKE UP TO FACT ABOUT SOMETHING SIMILAR TO MMT AND THEN THEY REFORMED - THE CATHOLICS ARE HARDLY AN ANALOGY. LOOK AT PROTESTANT NORTHERN GERMANY TODAY - THEY ARE BASCIALLY PROTESTANT TO PROTESTANTISM NOW AND SO ARE ATHEIST.<br /><br />WE'VE ALREADY PAID THE CHINESE AND NOBODY GAVE US ANY DEBT. WHY WOULD YOU WANT TO RAISE INTEREST RATES AND REWARD THESE HOARDING CARCASSES ?googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-49573379640416026772011-08-17T17:43:20.939-04:002011-08-17T17:43:20.939-04:00Stockman strikes me as the sort of guy who could b...Stockman strikes me as the sort of guy who could be very smart, if only he'd stop trying so damned hard not to be.Benedict@Largenoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-28325993253441302242011-08-17T17:33:59.332-04:002011-08-17T17:33:59.332-04:00What does "artificially low" mean?What does "artificially low" mean?Adam2https://www.blogger.com/profile/03710514839937913226noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-24717824573661129302011-08-17T11:23:34.578-04:002011-08-17T11:23:34.578-04:00All I can see is the Catholic Church just prior to...All I can see is the Catholic Church just prior to the Reformation.<br /><br />And like the Reformation in England, this economic one will take place when there is a political necessity.NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-15866559022599901502011-08-17T11:02:53.452-04:002011-08-17T11:02:53.452-04:00Dilbert speaks to this today here,Dilbert speaks to this today <a href="http://www.dilbert.com/dyn/str_strip/000000000/00000000/0000000/100000/30000/1000/400/131478/131478.strip.gif" rel="nofollow">here</a>,Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.com