Economics Corner with Paul Krugman and Winston’s Mom

The editors tell me since this is a midday post I need to keep the fucking language to a minimum.  Sorry, my bad.

Well…”Gentleman”. Krugnuts took a two week hiatus in May for some reason.  Now that his S&M Session is over, he put out a double dose of lunacy last week.  Sadly, I only get so many free articles to NYT.  So here it is.

I gotta say, it was very clever of Nancy Pelosi to steal Donald Trump’s strawberries, pushing him over the edge into self-evident lunacy.

Reference to The Caine Mutiny.  For our younger readers.

As everyone knows, Trump stormed out of a meeting on infrastructure, apparently out of uncontrollable rage over Pelosi’s remarks pointing out that the administration’s stonewalling on all fronts, including raw defiance of the law requiring that it provide the president’s tax returns, obviously amount to a coverup of something (and maybe multiple things.) And Democrats should be grateful.

And I don’t just mean that they should be grateful to see Trump displaying his unfitness for office, which has long been clear to close observers, in such a dramatically unhinged way that only cultists can fail to see it. He’s also helped them with a political dilemma.

Yeah, there is no law requiring the President to release his tax returns.  Just ask this law firm, or these people here, even MSNBC says it.  Stop lying.

You see, a major infrastructure push is a very good idea, one that Democrats would find it hard to oppose in good conscience. Yet it would also be politically good for Trump, helping the economy, giving the public a sense of progress, and also making him seem more like a normal president. And Democrats would have had a hard time avoiding making him this gift.

True, Republicans seem able to get away with blatant economic sabotage when a Democrat is in the White House. But Democrats, in part because they don’t have Fox News to insist that black is white and up is down, are much less able to pull this off. Luckily, Trump has solved their problem.

First things first: Why is an infrastructure push such a good idea? Partly because we have been underinvesting for years. The state of our roads, rail lines, water systems, and so on speaks for itself. Beyond that, private investment demand remains weak, leading to low government borrowing costs; investors are effectively begging the government to take some of their money and do something useful with it.

Muh ROAAAADDDDZZZ

On top of these considerations, infrastructure spending is especially desirable in a depressed economy, when it puts idle resources to work in a way that promotes long-run growth. But, you may argue, the U.S. economy isn’t depressed right now. Indeed it isn’t; but it’s more fragile than many realize. When the next recession comes – and there is always a next recession – the conventional response, cutting interest rates, will almost surely be inadequate. On average, when recession strikes, the Federal Reserve cuts rates by 5 percentage points. Currently, however, rates are only half that high, so the Fed doesn’t have enough room to cut.

Yes, its much easier to prog harder while you are already progging.  Kind of the reason why they invented buttplugs.  A better question in all of this, is what if we just cut the FED out of the equation altogether?

And when recession does strike, it will be too late to get a major infrastructure program going. Better to have it already underway.

So a big infrastructure push makes a lot of sense; it would also be good politics for Trump. Yet 2 ½ years after Trump took office, and after a series of “infrastructure weeks” that seem to come almost as often as the president’s golfing trips, nothing has happened. Why not?

Because the only thing the party of retards and the party of dumbfucks can agree on, is how much they hate Trump?  Oooops.  Sorry.

One answer is that Republicans in Congress have no interest in infrastructure spending. They see any form of public expenditure, no matter how justified in terms of narrow economics, as problematic because it may seem to legitimize a larger role for government in general.

Another answer is that until now Trump officials have been completely unwilling to consider a traditional, clean infrastructure program – you know, just build stuff. Instead, they have proposed complex public-private partnerships that would in effect subsidize the privatization of public assets. It has been easy for Democrats to reject such ideas, as not really being about infrastructure at all.

Right.  Not enough room for unionized graft or enough time for construction companies to grease their palms if the whole thing is privatized.  Its easy to just kick the can down the road.

After the 2018 midterms, however, it began to look as if Trump, wanting a policy win, might finally be willing to talk about a genuine infrastructure plan. And this had the potential of becoming a trap for Democrats, who would have trouble denying him that policy win.

But it was not to be. Let’s not try to pretend that there was any clever political strategy in Trump’s walkout; it was just his immaturity and insecurity, but even more obvious than usual. And the attempt to portray Pelosi as out of control is so ludicrous that only totally deluded people – i.e., around a third of the country – could possibly believe it.

So if I were Pelosi and Schumer, I would be quietly expressing thanks to Trump for throwing a tantrum, and extricating them from a potential political trap.

 

TL/DR Version:  ORANGE MAN IS STILL BAD.  TRUST ME I HAVE A NOBEL PRIZE HIDDEN IN MY ASS.

Comments

252 responses to “Economics Corner with Paul Krugman and Winston’s Mom”

  1. robc

    Charles Marohn, president of StrongTowns, disagrees with Krugabe on infrastructure spending. If anything, he argues we need less infrastructure, not more.

    1. Gustave Lytton

      Cripple fight!

    2. Donation Not Taxation

      Link?

    3. Donation Not Taxation

      “It’s a perspective that has led [Charles] Marohn to conclude that the nation’s 70-year experiment with suburban development is a failure — because it is economically unsustainable. That is, the lack of density does not produce tax revenue necessary to cover current services, let alone the long-term costs of maintaining and replacing those services.” planetizen.com/node/82659/charles-marohn-not-your-typical-urbanist >> Urban, suburban, or rural, don’t use tax revenue to pay for services. << And it is Strong Towns, not StrongTowns.

  2. CPRM

    Partly because we have been underinvesting for years. The state of our roads, rail lines, water systems, and so on speaks for itself.

    So what happened to that what $700 billion from the stimulus ‘shovel ready’ jobs?

    1. Scruffy Nerfherder

      It’s not “we” that have been underinvesting. If that has happened it has been solely the fault of the stewards of those utilities who have failed to properly account for what would be needed to maintain and/or expand those services.

      Instead, they spend the money on more politically expedient ventures that raise their own fortunes

    2. ChipsnSalsa

      say it with me Solyndra

    3. Fatty Bolger

      I created a booming economy ten years later. #ThanksObama

      1. Fatty Bolger

        It*

    4. Around here: It did “great” things like – more bike lanes, less traffic lanes. A roof for the local Farmer’s Market. And uh…?

    5. Playa Manhattan

      I’ve only seen 2 examples in person.

      One: they repaved a street in Palos Verdes that didn’t need to be repaved.

      Two: They built a brand new overpass on I 10 in Palm Desert. Less than 100 feet from an existing overpass.

      I assume that the rest of the money was spent on political bribes in Blue states.

      1. Don Escaped Texas

        the rest of the money was spent on political bribes in Blue states

        trickle down works?

      2. Fatty Bolger

        We had a bike path built nearby. Had the sign and everything. I wonder how much they wasted putting those signs up?

        A big chunk of money was given to the SBA, and there was a spreadsheet that showed what they did with it. Most went retailers, including big box stores.

  3. Old Man With Candy

    There IS a law saying that Congress can demand that the IRS release anyone’s tax returns to them. It’s a stupid law, and arguably unconstitutional, but it IS a law.

    1. Tonio

      But it’s not really about Congress getting to see them, it’s about making them public.

      1. Scruffy Nerfherder

        Are you suggesting that someone in Congress might leak them?

        *flabbergasted*

      2. Old Man With Candy

        Like I said, stupid law. But Krugnuts was right about this point, anyway.

    2. Suthenboy

      If the law demands the IRS release tax returns why haven’t they released them? They insist that Trump hand deliver them?

      It is all theater. The D’s are making a show out of demanding his returns but they have already stepped on that rake once…let’s see if they are dumb enough to do it again.

      1. Old Man With Candy

        That’s the point. Congress has (legally) demanded them. The IRS (which ultimately reports to Trump) has not done so.

        Now one can argue that this is transparently mendacious, clearly political, and borderline immoral. But indeed that is what the law says, the IRS must release them to Congress. WM’s links were not relevant to that issue, only to the issue of whether *Trump* has to release them in order to run for president (which answer is clearly “no”).

        1. Suthenboy

          I imagine if the returns are released the D’s will fall over themselves to keep from actually looking at them.

          *remembers moronic Rachel Maddow’s dumbfounded look when she read his returns live on TV*

          I have an idea…lets see the tax returns of all of the people demanding to see Trump’s returns. Isn’t Elijah Cummings in hot water over that right now?

        2. ChipsnSalsa

          Things I thought I wouldn’t write…

          OMWC is taking it to Winston’s Mom.

        3. R C Dean

          I don’t know if its that clear. Not having done much research, I think the request has to be connected to Congress’s oversight of the IRS, rather than just anybody that a member of Congress is idly curious about. It is not at all clear to me what the connection is between demanding the President’s tax returns and oversight of the IRS.

          This whole thing could be made to go away by having the IRS make a paper copy the returns, put them in a locked room, and allow Congressmembers and staff access to the room under supervision after signing a document acknowledging that they are prohibited by law from disclosing what they see. Not one page can leave the room. No cell phones allowed, no cameras, no copier. Knock yourselves out, boys and girls.

      2. bacon-magic

        The D’s know it will go to the Supreme court and that law will be struck down.

    3. Winstons Mom

      HEY! I provided supporting links that confirm my biases!

    4. Rhywun

      It is my understanding they need to accuse him of a specific crime first, no?

      1. MikeS

        Obstruction!!!11!!!!

      2. Old Man With Candy

        Nope.

        1. Rhywun

          Well, that’s bollocks.

      3. Spudalicious

        They do have to have a legislative reason. They can’t just say “we want to seem them because, reasons”. And that’s the basis for the refusal.

        1. Old Man With Candy

          The “reasons” can be just as compelling as those for a FISA warrant. I.e., some legalese for “because reasons.” That sucks, but that’s the state of current law.

    5. CPRM

      If anyone wants to parse it, I think “Revenue Act of 1924, ch. 234, section 257(a), 43 Stat. 253” is the one being wonked about.

      1. CPRM

        Page 41 here

        1. Winstons Mom

          Well, I’ll be dipped in shit….

          1. BEAM’s not a team player

            Well, I’ll be dipped in shit…

            *Service only available to German customers. Extra charges may apply.

          2. You are hereby awarded one free Get Out of a Narrowed Gaze.

          3. Why would one want to get out of a Narrowed Gaze?

        2. Stillhunter

          It pretty clearly says they are open to inspection only by order of the president, provided the appropriate committees sign off.

          I don’t give a shit either way, but I’m really close to ignoring everything and just going about my life. Everyone involved in government can fuck off and die. This shit is getting really fucking old, and I’m sick of paying for it.

          1. R C Dean

            I’m with Stillhunter on the fuck off and die, tired of paying for it, thing.

  4. Count Potato

    “As everyone knows, Trump stormed out of a meeting on infrastructure, apparently out of uncontrollable rage over Pelosi’s remarks”

    No, I do not know that. But nice sophistry, asshole.

    1. Scruffy Nerfherder

      Flip the script and I’m certain that it would have been a strong Pelosi who refused to negotiate with Trump’s bad behavior.

    2. Rhywun

      “Sources say…”

      1. “Sources familiar with the thinking of the parties…”

        1. Festus

          The parties that were talking across my taint, more like.

    3. R C Dean

      I thought that particular bit of nooz had been shown to be fake.

  5. Aloysious

    I cannot tell a lie.

    I love Winston’s mom.

      1. Festus

        Nice that she included a photo for OMWC right at the top!

    1. Tonio

      ^THis. And the foul-mouthedness is part of the charm.

    2. Winstons Mom

      I cannot tell a lie either. There really is a security cam hidden in the teddy bear, and you’ll be hearing from my lawyers soon over my stolen underwear.

      SWISS!!!

      1. *prepares summons and complaint*

  6. Count Potato

    “But Democrats, in part because they don’t have Fox News to insist that black is white and up is down, are much less able to pull this off.”

    They have every other network, the Washington Post, and your employer, the NYT, where you do exactly that for a living.

    1. Scruffy Nerfherder

      Krugabe is just one big gaslight operation now (to steal their own term).

      His columns only serve the purpose of making you go “Am I taking crazy pills?”

      1. WTF

        Actually, the purpose of the NYT is to confirm the world view of the sort of people who read the NYT. Krugman is just a small part of that endeavor.

    1. Count Potato

      OFFS!!!

    2. Tonio

      Total shitshow. This will not end well for them, particularly if Trump gets another SCOTUS pick.

      1. Scruffy Nerfherder

        They’re not going to stop. There’s plenty of money coming out of California to fund these types of lawsuits for the indefinite future.

      2. Bob Boberson

        I’m not so sure about that. Nazi cakes was a great opportunity for a big win for freedom of association. Instead we got a narrow ruling on religious convictions that they’ll find an end-around on. The simple fact is nobody is going to rule on anything that touches FOA because of the civil rights act. And the first amendment will remain on the defensive…..slowly eroding into oblivion.

        1. Tonio

          Dammit Bob, do you have to harsh my mellow? You are probably right the CRA is the elephant in the room wrt FOA.

          [cuffs nearest orphan]

        2. Scruffy Nerfherder

          Bingo

          Does anyone think that Penaltax Roberts has any intention of going near that with a ten foot pole?

        3. Festus

          So common decency just gets eroded day by day, year by year? Delightful!

    3. Rhywun

      Lunatic Autumn Scardina is a piece of garbage.

    4. Drake

      Sooner or later that guy is going to snap and bake them an arsenic cake.

      1. Festus

        He’ll go all Titus Andronicus on their asses.

    5. R C Dean

      Sounds like somebody needs to countersue for abuse of process.

  7. Count Potato
    1. Scruffy Nerfherder

      Was it the traces of poutine in the rubble of the WTC that gave it away?

      1. Festus

        Nah. It was the high-jackers last call to the towers of “Sorrey”.

    2. MikeS

      Haha. It looks like they have a random word generator (I assume) tweeting once every 5 minutes? Funny

    3. Donation Not Taxation

      (TRIGGER WARNING: This URL contains video known to the State of California to cause cancer, birth defects, or lowering IQ.) Canada did 9/11 on YouTube @ youtube.com/watch?v=NjKSvuRqApU

  8. Donation Not Taxation

    If all bridges and roads were toll and prices for public transit were raised so instead of subsidized they would cover the costs, then users would alter their behavior to reflect the changes in costs to them and the providers would have more accurate data on how much money they could afford to spend on particular bridges, roads, vehicles working a bus/train/etc. route, and so on. Assuming the money generated by fares, tolls, etc. actually went to capital and operating costs instead of being raided for other purposes, the ‘problem’ that Obama era required 10^12 dollars and Trump era talking an additional 1 1/2 x that would fix itself. Especially if could lease out money-losing toll roads to nongovernmental entities that could make a profit from them without raising rates and still increasing the average vehicle speed (not speed limit but the actual speed of travel) on the money-losing toll roads.

    1. Don Escaped Texas

      The main problem with muh roads is risk management. The asset is not remotely liquid and can’t be moved or even sold off for parts, while all the other economic, technical, legal, and demographic facts will be in flux for the decades it takes to recover the investment. I can’t imagine participating in such an investment.

      1. Scruffy Nerfherder

        Oh but you do participate in them, all the time.

        1. pan fried wylie

          *can’t imagine VOLUNTARILY participating…

          qualifier omitted for redundancy to who he was responding

          1. Scruffy Nerfherder

            *reaches for copy of social contract stamped with Don’s baby footprint*

          2. Don Escaped Texas

            I knew what you meant

            * scratches at USG barcode tattoo *

      2. Donation Not Taxation

        Leasing of money losing toll roads is not just hypothetical. What is hypothetical is making leasing a widespread practice.

    2. robc

      Roads should be tolled like you suggest, Streets should be handled by the local owner’s association (or neighborhood sized taxing district if the *OA doesnt exist).

      If Walmart and Target want a 4 lane street, they can pay for it. Many neighborhoods would narrow their streets or even go to gravel if they had to maintain them from association fees. Others would flaunt their wealth with wide boulevards.

      1. robc

        That *OA would always be a Mixed-Use Owners Association as zoning wouldn’t exist (possible exception for Heavy Industry).

      2. Don Escaped Texas

        One lane in town is basically standing space for ChicFilA

  9. Another reason to hate Krugman: his inconsistent use of possessive gender phrases. Sometimes he gets it, sometimes not.

    1. Festus

      There are more reasons to hate Krugabe? Why, he’s a virtual cornucopia of bilious detestability!

  10. Bob Boberson

    “If all bridges and roads were toll and prices for public transit were raised so instead of subsidized they would cover the costs then users would alter their behavior to reflect the changes in costs to them and the providers would have more accurate data on how much money they could afford to spend on particular bridges, roads, vehicles working a bus/train/etc. route, and so on. Assuming the money generated by fares, tolls, etc. actually went to capital and operating costs instead of being raided for other purposes, the ‘problem’ that Obama era required 10^12 dollars and Trump era talking an additional 1 1/2 x that would fix itself. Especially if could lease out money-losing toll roads to nongovernmental entities that could make a profit from them without raising rates and still increasing the average vehicle speed (not speed limit but the actual speed of travel) on the money-losing toll roads the government would loot that money to spend on other stuff and we’d be in the same situation.” FIFY

    1. Bob Boberson

      Brooks’ed it.

    2. Donation Not Taxation

      I already included “Assuming the money generated by fares, tolls, etc. actually went to capital and operating costs instead of being raided for other purposes,”

      1. Bob Boberson

        It reminds me of a conversation that I’ve had with a friend of mine (who insists he’s a libertarian in-spite of being progressive on every issue).

        “What we need to do is raise taxes and reduce spending. We do that we can balance the budget and pay down the national debt.”

        “Great idea in theory but it contravenes the nature of government. You cannot give a government more revenue and expect it to do anything but expand. On a ledger it might look good but in practicality you’d inevitably see an uptick and both spending and debt.”

        Likewise I noticed your disclaimer but it doesn’t change the fact that more money coming in will translate to more spending. See the NYS Thruway….’the tolls come out as soon as it’s paid for’……the thruway was paid for over 20 years ago yet the tolls are firmly in place.

        1. Donation Not Taxation

          Donation not taxation includes that you are taking away taxation as a revenue source. I think you are assuming that fares and tolls would be in addition to taxation.

          1. Bob Boberson

            The idea that Government (monopoly of violence) is going to cease coercion and run on voluntary donation is patently absurd. You can have the state or you can have volunteerism but you can’t have both.

          2. Donation Not Taxation

            There are plenty of government-run (GR) counterexamples: A GR fire department that lets buildings burn down if the owner is not a subscriber, GR water and trash that can’t go to general revenue for shortfalls and cuts places off for nonpayment, a GR zoo on donated land that has to hand over end-of-year surpluses but can’t raid general revenue for shortfalls, and more.

          3. Bob Boberson

            /Looks around at other 99.9999999% govt programs

            Ok bro ?

          4. Donation Not Taxation

            You wrote “you can’t have both.” You are right that we now MOSTLY do not “have both.” Because we can, and because it is a good idea, “donation not taxation.” I will even concede that it is as unlikely to happen soon. You know what else can be done but is unlikely to happen soon? “Just stick to the Constitution as written and leave [SP] alone. Especially in the morning [unless SP does Morning Links].”

        2. BEAM’s not a team player

          One of the few things the British Columbia government did right was when they built the Coquihalla Highway south of Kamloops and north of Hope, B.C. for the increased traffic they expected due to Expo ’86 in Vancouver. They tolled the highway, and then promised to remove the tolls once the entire capital cost of “the Coke” had been paid off.

          Lo and behold, they actually closed the tolls when that happened. The former Toll Plaza is now nothing more than a bathroom stop.

          1. ron73440

            They actually closed the tolls when that happened.

            There’s a first time for everything I guess.

          2. pan fried wylie

            Removing the tolls benefited some crony, only explanation.

  11. Scruffy Nerfherder
    1. Bob Boberson

      The public at large pay no attention to what the upper echelon of the DoD does. In their mind they are the brave leaders of our hero’s in uniform and protecting our freedoms. If they only saw how these perfumed princes jet set around the world in private jets, eat at extravagant tax payer funded events and fuck their hot secretaries (look into it, rarely does a general have a secretary or aid who isn’t attractive and in her 20’s-30’s) in exotic locales, they might realize that the Pentagon has little and less to do with their freedoms.

      1. Scruffy Nerfherder

        My personal experience with retired generals is that they’re cheapskate assholes that don’t pay their bills.

        1. Bob Boberson

          Pay? Like out of their own pocket? Why would they? Everything they do is tax payer funded after O-6. (Best house on Base, DoD provided car, personal assistant with a government expense card,….)

          1. Donation Not Taxation

            This is dated (Nov 17, 2012 ) but, if accurate, telling. (trigger warning: WaPo) (security warning: http not https) washingtonpost.com/world/national-security/petraeus-scandal-puts-four-star-general-lifestyle-under-scrutiny/2012/11/17/33a14f48-3043-11e2-a30e-5ca76eeec857_story.html

      2. Gustave Lytton

        +1 Fawn Hall

        1. Shit…I knew I should have stayed in and done the War College!

          1. Then we would have to call you General Swiss “Narrowed Gaze” Servator.

  12. Old Man With Candy

    Because of the tragedy experienced by the sharpshooter family, I am encouraging the use of this hashtag:

    #dicksoutforHarry

    1. mexican sharpshooter

      I don’t know if I should thank you, or ship Harry to your house so your pet polar bear can have a chew toy.

      1. Why not both?

        #dicksoutforHarry

      2. Festus

        Sorry about the Doggo, Mex. It sucks but we just keep doing it over and over again. Making them happy makes us a little bit happier so I guess it’s a push.

        1. Festus

          Oh and #dicksoutforharry!

        2. mexican sharpshooter

          He was a tortoise, not a dog, but thank you.

          1. pan fried wylie

            I thought Rusty was the tortoise. Fucking threading.

          2. Spudalicious

            Sorry about the turtle.

            #dicksoutforharry

  13. Rhywun

    And this had the potential of becoming a trap for Democrats, who would have trouble denying him that policy win.

    “Trump proposes policies we don’t like – #resist!!”

    “Trump proposes policies we like – #resist!!!!”

    1. Scruffy Nerfherder

      Could he be any more transparent a political hack pretending to be an economics guru?

      1. Donation Not Taxation

        You have to be “influential” or “popular,” not correct, to be a guru. Definition 2 of guru @ https://en.oxforddictionaries.com/definition/guru is “An influential teacher or popular expert. ‘a management guru’” Paul Krugman was still considered influential enough in the summer of 2015 that Krugman and Stephen Moore debated and had a joint book signing at FreedomFest in Las Vegas. “Political hack” and “economics guru” are not mutually exclusive.

        1. Scruffy Nerfherder

          Technically Correct is the most annoying correct

          1. Donation Not Taxation

            “I must only use this power to annoy!” ―Stretch Dude (of Stretch Dude and Clobber Girl)

        2. Paul Krugman was still considered influential enough in the summer of 2015 that Krugman and Stephen Moore debated

          I’ve mentioned (bragged) before that I met Stephen Moore. The context was that we invited him to our law school to debate a couple proggie profs as a tune up for his debate with Krugman.

          One of the proggie profs started with a prepared 5 minute rant before stomping out of the room in a huff, pretending like all we gave him was 5 minutes. Dude set us up and intentionally tried to poison the debate. We had set it up so Moore had half of the time and each prof had 1/4 of the time, being that Moore flew in for the event and was nationally known, and being that we had 1 conservative and 2 progs at the debate. Moore, without losing a beat, offered to give up more time for the prof to talk. The prof muttered something about getting ready for class and huffed out. Thankfully the other prof was less petulent.

          A lot of the respect I have for Moore is in how he handled that situation. Some national debaters/speakers get all huffy when the first thing goes sideways. They may keep their composure on stage, but they’re fuming mad when they get out of the spotlight. When we apologized to Moore on behalf of the prof, he shrugged it off with a “well, I’ve never had that happen before” and didn’t mention it again.

          1. Donation Not Taxation

            BUt did you brag about it on this site before now? Good anecdote. Thanks for quoting me.

      2. Suthenboy

        Is he pretending? I don’t even see that. Alien invasions? Trillion dollar coins?

        1. Donation Not Taxation

          Are those rhetorical questions?

  14. Donation Not Taxation

    IIRC, the liberal/progressive/whatever argument WAS that the best way to get out of a recession is for government to borrow money and spend it and that it did not matter on what the government spent the borrowed money. Paul Krugman himself allegedly wanted the no-longer-federal government to fake an invasion by extraterrestrials. business.time.com/2011/08/16/paul-krugman-an-alien-invasion-could-fix-the-economy/ which when made public allegedly he claimed was pre-invasion prep huffpost.com/entry/paul-krugman-alien-invasion_n_1612973. Now, Paul Krugman presents at least two prima facia contradictory assertions: “infrastructure spending is especially desirable in a depressed economy” and “when recession does strike, it will be too late to get a major infrastructure program going.” Is Paul Krugman going soft on the idea of borrow and spend stimulus?

    1. robc

      Keynesians are supposed to support surpluses during boom times.

      That half of Keynesianism is lost.

      1. Donation Not Taxation

        You noticed.

        1. Scruffy Nerfherder

          I’m not old enough to have noticed and I’m probably older than robc.

          1. Donation Not Taxation

            The original Keynesian, John Maynard Keynes, wrote in favor of governments creating surplus budgets in times of prosperity and spending the surpluses to pay down government debt.

          2. Scruffy Nerfherder

            I’m aware, but when do you think the last time was anyone actually took that seriously?

          3. Donation Not Taxation

            Hence “lost” except as a talking point after you get prey to admit to being “Keynesian.”

  15. Donation Not Taxation
    1. Give me your pass code to your phone safe deposit box or I’ll throw you in jail!

      Seriously, it’s like the constitution doesn’t exist.

    2. Rhywun

      Criminals shouldn’t be able to inoculate themselves from investigations, Porter said.

      They aren’t “criminals” until proven guilty in court, assholes.

      1. The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated

        1. Bob Boberson

          “The 4th Amendment is soooooo 19th Century.”

          /Valley girl voice

          1. Pope Jimbo

            “Oh, my, god, Becky, look at her Bill of Rights. It is so permissive. She looks like one of those libertarian guys’ girlfriends. Who understands those libertarian guys? They only talk to her, because she looks like a total free speech absolutist, okay? I mean, her Bill of Rights, it’s just so permissive. Ugh, I can’t believe it’s just so penumbra free, it’s like out there, I mean, ugh, gross. Look! She’s just so deplorable!”

            /Sir Mix-A-Lot

      2. Suthenboy

        Nor should they be forced to assist the coppers in those investigations.

    3. Scruffy Nerfherder

      Obstruction!

      1. Stop Resisting!

    4. Stinky Wizzleteats

      Of course the CP argument is in there. Give up your rights for the kids goddamnit!!!

  16. Chipwooder

    Have the markets recovered from Drumpf yet, Paulie?

    1. Don Escaped Texas

      I don’t think this is a useful correlation, but here are some factual plots

    2. Raston Bot

      Each series begins in the month of inauguration and runs to the end of the term.

      why would the series not start when the election results are determined?

  17. kinnath

    I was chatting with the dude behind the counter at the range about shotguns for home defense. He showed me some pump-action and semi-automatic shotguns. I need to find something that my 60ish wife with carpal tunnel can operate reliably. So he was steering me towards semi-autos. Anyone here have experience with these?

    Also, he showed me the Shockwave. Again, anyone here have experience with these?

    1. Stinky Wizzleteats

      A link to a video of a very capable guy checking the pattern on a Shockwave:

      https://youtu.be/tC26ixdx0v8

      He says at the end that it’s unwieldy and he doesn’t enjoy shooting it.

      1. kinnath

        He says at the end that it’s unwieldy and he doesn’t enjoy shooting it.

        That was my first guess.

        1. Not Adahn

          You can get a CZ 1012 for about $500. I’ve never shot one, but it’s an intertially driven semi-auto, so that’s supposed to take out some of the recoil.

    2. ron73440

      Was an instructor on Benneli’s in the Marines.

      They are VERY nice, but VERY expensive.

      If I could justify spending that much on a shotgun, I would buy it in a heartbeat.

      With the semi auto , it doesn’t recoil as much as a pump so that would also be good for your wife.

      1. kinnath

        With the semi auto , it doesn’t recoil as much as a pump so that would also be good for your wife.

        I hadn’t even considered a semi until he mentioned it would be a good choice for my wife.

        I’ve spent about 6K on pistols in the last 18 months. Any rational price is doable.

        1. Suthenboy

          Ron is right about the recoil on semi-autos. They are softer shooting. I have a Browning Auto 5, A Remington 1100, A Winchester 870 pump, A Saiga 12 and a Remington pump in 410…so pretty much the full range of styles. If I had to grab one in an emergency it would be the 870. For my wife…the 410.

          1. kinnath

            thanks

          2. Don Escaped Texas

            Winchester 870 pump

            we know what you meant

        2. Sean

          I’ve spent about 6K on pistols in the last 18 months. Any rational price is doable.

          That’s the spirit!

          1. kinnath

            Done buying pistols for the foreseeable future.

            Next up is a shotgun, then a rifle, then maybe another rifle.

          2. Not Adahn

            If it’s strictly self defense, this is a prety cheap semi-auto

            https://cz-usa.com/product/cz-712-utility-g2-12-gauge-20-barrel/

    3. Suthenboy

      I grew up with a shotgun that was practically an extra appendage. I have shot hundreds of thousands of rounds on clays, every game you can think of…etc.

      Pump is more reliable than auto but there are some good autos out there. Carpal tunnel? You want a smaller gauge.
      I am very much not a fan of any shotgun without a stock on it. Pistol grips are for pistols.
      This is pretty hard to beat:

      https://www.cheaperthandirt.com/product/winchester-sxp-field-youth-pump-action-shotgun-20-gauge-5-rounds-24-barrel-3-chamber-walnut-stock-matte-black-048702017117.do?sortby=ourPicks&refType=&from=fn&ecList=7&ecCategory=201709

      In the home for self defense? Get some light clay loads so she doesn’t have to absorb much recoil. No. 4 to No.6 shot. At indoor ranges they will be very effective.

      1. Stinky Wizzleteats

        20 ga will definitely do the job. The coroner might be able to tell it wasn’t a 12 ga but I doubt it.

      2. Winstons Mom

        a shotgun that was practically an extra appendage

        *snickers* He equated his shotgun with his penis.

        1. Pope Jimbo

          No wonder he was a pump action fan boi!

      3. kinnath

        I have been looking at the Mossberg 500 Tactical in 20 gauge. I’m sure there is an equivalent from Remington.

        I won’t be buying anything for at least a couple of months. So I though I would do some due diligence on semi-auto shotguns.

        1. Stinky Wizzleteats

          I have the Mossberg Tactical 20, it’s nothing fancy but I really like the thing. Soft shooting too.

        2. Spudalicious

          That’s a good choice.

      4. R C Dean

        I’d go with a semi-auto for her, myself, for reduced recoil. I agree, the 20 gauge should be plenty.

        I would also bet that the semi-auto will be more reliable for her in an emergency. Her carpal tunnel isn’t going to help her pump the shotgun, and the pressure of the emergency could also interfere with her manually cycling the gun.

        I haven’t got a home defense shotgun yet, but when I do it will be a semi-auto, because they are extraordinarily reliable. Between me and Pater Dean, we have put thousands of shells through a couple of 1100s, and the only failure was when I fucked up the reassembly after a cleaning. I think a semi-auto in an emergency does give up anything to a pump on reliability. There’s a reason the Marines went with a semi-auto, and its not because they’re too weak and lazy to run a pump.

        1. R C Dean

          I think a semi-auto in an emergency does not give up anything to a pump on reliability.

      1. Raston Bot

        i’m so wary of short barrelled shotguns. my sweaty palm on a wood stock? goodbye hand.

    4. Sensei

      I hunted for years with a Remington 1100. No idea what the modern replacement is for it.

      It was completely reliable in use. However, loading the thing was a bit stiff and if she had to clear a misfire it would be problematic as the slide spring was also rather stiff.

    5. Scruffy Nerfherder

      I have a shockwave. Probably not recommended for your wife.

      It’s a handy thing but holy hell is it loud in close quarters.

      1. Scruffy Nerfherder

        Also the shockwave is really intended as a hip firing gun. This puts the pressure wave closer to you than if you had a full stock on your shoulder.

        I highly recommend ear protection for it. My only real reservation about it using it for home defense is that firing it inside the house is going to permanently damage my hearing.

      2. Spudalicious

        I bought my Shockwave in 20ga.

        Remington has the V3 Tac-13, which is a semi-auto, so less recoil.

    6. Fourscore

      I love Rem 1100s in 12 gauge.. One of the problems for your wife may be pulling the bolt back to load the first round. If you keep a round chambered with the action open all that’s needed is to close the bolt with a light touch of a finger. With a 26 inch barrel its still a rather long gun. The recoil is very little for a person 130 lbs or more. Lesser weight folks may find the recoil a little on the heavy side.

      1. Fourscore

        Or what Sensei said.

  18. Festus

    Hey Trashy, You probably missed my advice from the dead thread but do this – replace that throttle cable on your leaf blower. I ran brush saw for years and there is an obvious kink in yours. Easy fix and no fucking about with carbs. Trust me on this.

    1. Thanks Festus! Can I manually advance the throttle to confirm this as the issue? The throttle doesn’t seem to stick or anything like I’d expect if there was a bad kink in the cable.

      1. Festus

        Nope. Replace the thing and buy me a beer in Glibaria.

      2. Donation Not Taxation

        “It’s starving for fuel. When you pull the trigger you’re opening the butterfly valve and letting more air in but the fuel is insufficient. Try putting it on half or full choke and pulling the trigger. I bet the performance will improve somewhat. So, that said, it’s one of: – Bad fuel – Clogged jet/dirty carb – Wrong adjustment on high side air/fuel adjustment screw” and “Also possible that your fuel filter is clogged. Sometimes they have one in the gas tank that you never see until it causes you a problem. I’ll check to see if Makita has that.” Both quotations Scruffy Nerfherder

        1. Festus

          So do you agree or disagree with this diagnosis? Don’t scrimp, we want details. I’ve worked on dozens of these things and you can fuck with the jets all you like but when I see what happened to Trashy’s machine I think I see the problem. Try to rev and it dies? As long as the jets are set to factory specs and the fuel is good it always comes back to the throttle cable.

          1. Donation Not Taxation

            “So do you agree or disagree with this diagnosis? Don’t scrimp, we want details.” If you are dissatisfied with Level I technical support, we can issue you a case number and upgrade you to Level II. Level I is free. Level II is not. Would you like us to put you in touch with a Level II technical support representative?

      3. Festus

        Don’t cheap out. Buy the entire assembly. In and out just like Dillinger.

    2. Suthenboy

      So….it’s not the thermostat?

      1. Festus

        You have to jiggle the handle first but…

    3. Festus

      Stop! I thought it was a two-cycle. All you need is some spray carb cleaner. Squirt it in the intake and turn it over a few times and then try again. Sorry, Man.

  19. Don Escaped Texas

    These sound more like Cubs fans to me

  20. ron73440

    I watched the Historical Roast of Anne Frank, it was a little disappointing that Jon Lovitz decided to roast Hitler instead (how brave).

    Don Rickles’ daughter played him and she was not funny at all.

    Gilbert Gottfried as Hitler however, nailed it.

    He set the tone early when the host mentioned he looked nervous and Gilbert replied “I think I left the oven on.”

    From there it just got better. Obviously, Gottfried doesn’t give a fuck.

    It’s worth watching just for that the rest gets a solid meh.

    1. Raston Bot

      she’s not funny. at all.

      1. Florida Man

        She was easily the worst. The only edgy thing lovitz said was “What do I care. The Japanese don’t run Hollywood”

  21. Don Escaped Texas

    easy come, easy go

    Middle earners got an average tax cut of $930, according to the Urban-Brookings Tax Policy Center. The tariffs already in effect cost the average household about $831, according to research from the New York Federal Reserve.

    1. WTF

      The tariffs already in effect cost the average household about $831, according to research from the New York Federal Reserve.

      I’d love to see their methodology for that one. It’s not like people have to keep buying tariffed (?) goods and can’t look to alternative sources. I suspect there are a big bunch of assumptions behind that.

      1. Don Escaped Texas

        It’s simple math to run, really, but remember: show your work! $ChineseImportsInAffectedTime x tariff rate . . . whatcha got?

        https://www.reuters.com/article/us-usa-trade-tariffs-explainer/explainer-who-pays-trumps-tariffs-china-and-other-exporters-or-u-s-customers-idUSKCN1SB0UF
        Trump said on Sunday he would raise tariffs to 25 percent from 10 percent on $200 billion of Chinese goods. So that bit is $50B.

        You might take Trump at his word. No telling what basis over what time he’s considering, but it’s north of $50B.

        Anyway $100B / 333M = $300 per capita implying 831/300 ~ 2.8 folks per household. That’s good enough: I would trust a Wharton alumnus who hasn’t gone bankrupt in the past two weeks.

    2. MikeS

      So what? That’s crumbs.

  22. The Late P Brooks

    investors are effectively begging the government to take some of their money and do something useful with it.

    Speaking of “Up is down”…

  23. Don Escaped Texas

    there’s got to be a pony in here somewhere

    Stocks jumped on Friday, building on strong weekly gains, as weak economic data increased the odds of easier monetary policy from the Federal Reserve.

    1. Scruffy Nerfherder

      All you need to know about Wall Street summed up in one short sentence.

  24. Why We Should Think Twice About Colonizing Space
    We’re getting closer and closer to the final frontier. What could go wrong?

    The point is that if individuals—you and I—can overcome the constant threat of harm posed by our neighbors by establishing a governing system, then maybe future species could get together and create some sort of cosmic governing system that could similarly guarantee peace by replacing anarchy with hierarchy. Unfortunately, this looks unpromising within the “cosmopolitical” realm. One reason is that for states to maintain law and order among their citizens, their various appendages—e.g., law enforcement, courts—need to be properly coordinated. If you call the police about a robbery and they don’t show up for three weeks, then what’s the point of living in that society? You’d be just as well off on your own! The question is, then, whether the appendages of a cosmic governing system could be sufficiently well-coordinated to respond to conflicts and make top-down decisions about how to respond to particular situations. To put it differently: If conflict were to break out in some region of the universe, could the relevant governing authorities respond soon enough for it to matter, for it to make a difference?

    These facts make it look hopeless for a governing system to effectively coordinate law enforcement activities, judicial decisions, and so on, across cosmic distances. The universe is simply too big for a government to establish law and order in a top-down fashion.

    Muh government!

    1. Scruffy Nerfherder

      Oh STFU

    2. Dr. Fronkensteen

      Fear will keep the local systems in line.

      1. Donation Not Taxation

        “The more you tighten your grip, Tarkin, the more star systems will slip through your fingers.”

    3. BEAM’s not a team player

      The universe is simply too big for a government to establish law and order in a top-down fashion.

      Feature, not bug.

      1. pan fried wylie

        Herbert got it right. The only way to ensure freedom is untraceable jumpships.

    4. Juvenile Bluster

      If you call the police about a robbery and they don’t show up for three weeks, then what’s the point of living in that society? You’d be just as well off on your own!

      Once again, they come so close to “getting it” and then suddenly leap in another direction.

      1. Rhywun

        It takes three weeks longer than it does on Earth for them to tell you “sorry, them’s the breaks, pal”?

      2. Scruffy Nerfherder

        That guy probably doesn’t get out of his mother’s basement.

      3. BEAM’s not a team player

        Decentralized threats cannot be dealt with effectively by centralized responses. The West continually refuses to learn this simple observation.

    5. Donation Not Taxation

      The prequel: “Why We Should Think Twice About Colonizing” until we have something better than wooden ships with sails

      1. Why the colonists had to wait 2-3 months (or whatever the sailing time was) before help from Europe arrived! How did they survive?

        1. Don Escaped Texas

          +1 Roanoke

          1. Join an Indian Alien tribe?

    6. MikeS

      I skimmed his think-piece and realized that 500 years ago this guy would have likely made the exact same argument about the Americas. Fortunately, pansies like Phil Torres stay home and write books while brave men and women go out and do things.

      1. Scruffy Nerfherder

        All I could think was “just blow your brains out already and get it over with”

      2. Gadfly

        Basically he’s afraid that space colonization will lead to USA 2: Spacetime Boogaloo. Cosmic frontiersmen with the right to bear plasma rifles and speak their mind. Frightening.

    7. pan fried wylie

      If you call the police about a robbery and they don’t show up for three weeks

      3minutes, 3 weeks, nothing is going to come of it either way.

      1. Subwoofer

        Even if they show up within 3 seconds after the call, they’ll still be arriving after the crime has been committed and the perpetrators have left the scene. At that point all they do is take a report.

        When I was younger and in college, my car was broken into multiple times. All the police did was take a report, but they never followed up or investigated at all. I even asked the officer the second time if anything would come of this and he flat out said “probably not, we don’t look into these cases much, but if we happen to catch the guy we’ll let you know.”

        1. Nephilium

          Hell, here they don’t even check with things like the used music/video game stores to see if anyone came in with a large batch of items.

        2. Fourscore

          You didn’t tell them you had valuable papers in that brief case so they would assign there best people?

      2. Don Escaped Texas

        when seconds count, the police are only minutes away

    8. Subwoofer

      Many years ago I read something which I can no longer find which basically said the size of an interstellar empire is limited by it’s ability to send a punishment fleet to put down uprisings against it’s authority before an insurgent colony is able to mount a defense which would be able to defeat the punishment fleet.

      Until we invent viable FTL drives, no self-sustainable offworld colony will be kept under the thumb of Earthbound governments. You’d have to have *gasp* decentralized authority similar to how the United States was initially a collection of independent states bound together by promises to pitch in for common defense and maintain open trade relations.

      That is why these types don’t like it. Decentralized systems are much harder to control from one place. Ask the SEC how they feel about cryptocurrencies.

      1. Not Adahn

        I will bet Paul Erlich’s life that FTL drives will never be invented.

        1. pan fried wylie

          The laws of 4d spacetime don’t really seem to allow it. And once we’re multidimensional beings of pure thought, zipping around stars and planets will be pointless outside of fucking with dimensionally-bound creatures.

          1. Donation Not Taxation

            Unfortunately, OMWC did not post agreeing with you. “When a distinguished but elderly scientist states that something is possible, he is almost certainly right. When he states that something is impossible, he is very probably wrong. The only way of discovering the limits of the possible is to venture a little way past them into the impossible. Any sufficiently advanced technology is indistinguishable from magic.” — Arthur C. Clarke

    9. Fatty Bolger

      We should never have left that garden.

    10. Florida Man

      Uh, anarchy is the entire reason I would go to space.

  25. The Late P Brooks

    The point is that if individuals—you and I—can overcome the constant threat of harm posed by our neighbors by establishing a governing system

    Tell me about your mother.

    1. R C Dean

      He must live in a really bad neighborhood. I can say with absolute confidence that the government poses more of a constant of harm to me than my neighbors.

  26. Don Escaped Texas

    Study grounded in single-axis trope discovers the bathtub curve

    It’s been known for some time now that in studies of people holding radical beliefs, that they tend to… express higher confidence in their beliefs than others

    Glib follow-up study hypothesis: extreme conservatives and extreme liberals equally ass-hurt when told to Fuck Right Off

    1. MikeS

      The first thing that came to my mind was you and your hate for Texas.

      🙂

      1. Don Escaped Texas

        I love Texas: it’s almost what America was meant to be!

        But my undying commitment to making fun of Texas hypocrisy and their coming up short on their ideals could easily give you the wrong idea. If ever there were a state where the average man should be able to outshoot my mother, it should be Texas, but . . . . .

        1. MikeS

          I hear ya. Just poking at you a bit, pardner.

  27. hayeksplosives

    Hard to believe Tiananmen Square massacre was 30 years ago.

    1. MikeS

      What I thought when I first saw that; “But I can remember that, it can’t be that long ago!”

      1. Nephilium

        I’ve had to catch myself a couple times on things like that.

        1. MikeS

          Our engineering group was chatting the other day and one of the “older” guys asked me if I could remember Sept 11. I said “of course” and told them what I was doing when the towers fell. Then I told them what I was doing when Challenger blew up and I just got blank stares.

          When the hell did I become the “old” guy” at work?!?!?!

          1. Nephilium

            I realized I was the old guy when I had to teach people stuff like Windows Shortcuts, or why some systems have some strange options that are there for legacy support.

            I’m realizing I’m becoming the bitter old man when I push back on things like taking a gods damned selfie to upload to my work e-mail profile.

  28. Rufus the Monocled

    Paul is literally unreadable.

    What a lying shit.

    Conscience of a liberal my ass.

  29. Festus

    Hey Trashy, disregard my prior advice. I thought it was a two-stroke! Clean the carb and you’re good to go. I had the same thing happen with our Honda mower last year. Boy is my face red…

    1. No worries F! Not the first time somebody assumed wrongly around here.

      1. Festus

        But I’m never,ever wrong!

        1. Festus

          Carb cleaner will be your friend and if that don’t work it’s not that hard to do a deep clean.

          1. Festus

            I stand by my advice on the two-cycle, though.

  30. Rebel Scum

    Isn’t it a bit early for this one? I am still at work and therefor have not switched from coffee to beer. A I was still perusing the morning links. Meh.

    Robby Soave

    Verified account

    The same people who opposed the coercive directive “bake the cake, bigot!” now support the coercive directive “platform Crowder!”

    Yea sure. It has nothing to do with YouTube not abiding by their own rules. It also has nothing to do with a person of latino origin who happens to be attracted to members of the same sex (stunning, brave…) and his campaign for censorship.

    1. the coercive directive “platform Crowder!”

      Am I missing something, or is all of the Crowder kerfuffle directed at YouTube and not at the Fedgov to do something?

      Otoh, maybe the anti-trust stuff is connected and I don’t know it. Either way, YouTube sucks for talking out both sides of their mouth. Crowder sucks because he’s playing the innocent victim when he has clearly been intentionally walking the line. Rico sucks because he falls into the predictable cosmo trap of conflating government mandate with social protest.

      1. MikeS

        Rico sucks because he falls into the predictable cosmo trap of conflating government mandate with social protest.

        To be sure.

      2. Stinky Wizzleteats

        Crowder sucks because he’s not that funny but intentionally walking the line is just another term for following the rules.

    2. wdalasio

      One difference Robby may not have considered. Imagine that Bigot Brand Bakery had a special government exemption from say lawsuits for food poisoning that wasn’t extended to everyone else. I’d hope and expect that Robby would want to see that privilege removed.

      1. Festus

        Can’t they all just shut the fuck up for one blessed minute? I’m sick to death of these culture wars and who is owning whom! *Shakes out print newspaper and props feet on Wifey*

    3. kinnath

      I was hard on Robby from early on over at TOS. People said that Robby wasn’t as bad as I was making out.

      I am still convince that he is an idiot.

      1. Festus

        Eager Beaver is what we used to call kids like that.

    4. Donation Not Taxation

      Let me think about that comparison a sec … Did the same people who “opposed the coercive directive ‘bake the cake, bigot!’” for a wedding cake “opposed the coercive directive ‘bake the cake, bigot!’” for a birthday cake for Hitler birthday cakes? Were the bakeries monopolies? Did they claim they had immunity from lawsuits on the grounds that only their customers should be liable for the writing and decorations of the cakes? Are the bakeries recording information about their customers to hand over to the government in exchange for government and leftist organization support in sabotaging the growth of market share of their competition? Do so many questions at once dox me as Andrew Peter Napolitano?

  31. kinnath

    https://abcnews.go.com/US/minneapolis-police-officer-sentenced-fatal-shooting-justine-ruszczyk/story?id=63547748

    Ex-Minneapolis police officer sentenced to 12.5 years for fatal shooting of Justine Ruszczyk Damond

    1. R C Dean

      Good. He requested, I believe, that he serve two weeks a year, one week over her birthday, and one week over the day he killed her.

      1. MikeS

        Yep

        But Noor’s defense attorneys asked the judge to give him probation, provide for meetings between Noor and Ruszczyk’s loved ones, and for Noor to turn himself in at the workhouse for a week on the dates of Ruszczyk’s birth and her death every year for as long as he’s on probation.

  32. kinnath

    https://cbs2iowa.com/news/local/19-democratic-presidential-candidates-set-to-take-the-stage-in-cedar-rapids-sunday

    19 Democratic presidential candidates set to take the stage in Cedar Rapids Sunday

    Fuck me.

    It’s too bloody soon for this fuckers to come here.

    1. MikeS

      Hey, at least it’s only 19 and not the full 24.