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other against the interests of the broader populace many other liberals including myself in my less reflective moments make the same category error liberals are often motivated by issues such as economic equality and social justice and thus frequently conclude that conservatives are motivated by inequality and injustice that these things are the raison d etre of conservatism while there are doubtless many powerful rich folk in the conservative movement who s goal is to undermine the working class and will marshal any number of other arguments to support this cause that alone cannot explain the bulk of conservative politics some liberals act as though the broader conservative movement has been brainwashed in some fashion by the plutocracy an allegation which is insulting nonsense conservatives of course commit the same error in their views of liberals in spades conservative discourse is full of portrayals of liberals as lazy nihilistic hedonists on bad days liberals are often described as agents of either foreign states or of the devil many conservative pundits argue with a straight face that the democratic party an institution which 31 of americans identity with is an organization of traitors it is assumed by many on the right that the purpose and fundamental goals of democratic policy is such things as undermining family values or weakening us security which is of course news to any card carrying democrat libertarians though may be the champions of this libertarians have seemingly fabricated an entire ideology statism which they ascribe to their opponents left and right in this reckoning the goal of the statist is as the name suggests is to expand the scope of the state rather than the state being an instrument towards some other policy end such as restricting access to narcotics or mitigating the effects of poverty the cart is placed before the horse and these policy initiatives are merely fig leafs to justify the true end goal growth of the leviathan in all three cases these ridiculous but popular caricatures have the same root cause rather than attempting to honestly understand the motivations of one s opponents ideologues will assume that the opponents are simply their opposites opposed to what they consider to be good and supportive of what they consider to be evil liberals interested in economic justice accuse conservatives of championing plutocracy conservatives interested in a strong moral order and a strong national defense treat liberals as though they wish to destroy morality and surrender to foreign enemies real or imagined and libertarians desiring to shrink the state out of first principles assume their adversaries are motivated by a desire to enlarge it posted by engineerscotty at 4 11 pm 5 comments email this blogthis share to x share to facebook share to pinterest labels laws politics wednesday august 8 2012 romney s sister souljah moment in 1992 democratic presidential nominee bill clinton famously launched an attack against the rapper sister souljah the remarks were surprising at the time as they offended several key democratic constituencies but they served their purpose clinton was able to win significant support from moderates and conservative democrats who had abandoned the democratic party in the prior three election cycles and defeat george h w bush that november given that the current election cycle bears some resemblance to 1992 a poorly performing economy an incumbent considered to be vulnerable and an opposition party nominee who is presently having trouble with moderate voters particularly in swing states some commentators have called for mitt romney to produce a sister souljah moment of his own a rebuke to his party s base that makes him attractive to swing voters recently the romney campaign did do indeed something which has infuriated his base a seeming endorsement of romneycare in response to an obama ad aimed directly at romney s groin in the ad a worker laid off from a bain capital owned firm discusses his wife s subsequent death and the likely role that loss of health insurance may have played while the ad s factual case may not be very strong the wife died many years after the husband lost his job romney s response was to suggest that if they had lived in massachusetts and had access to the healthcare system there which romney is credited as the architect of she might still be alive this thoroughly infuriated conservatives while not quite a souljah esque rebuke of a gop sacred cow for one thing the comments came from a romney spokesperson and not from the candidate himself the gop s right wing is outraged erick erickson a grudging holding his nose romney supporter only supports the former governor because he s not obama tweeted that this might cost romney the election and suggested that the nominee needs to be housebroken were romney though to himself endorse his signature gubernatorial initiative it would be the first significant time since winning the gop nomination that he has challenged party orthodoxy on a significant issue if he decided to go with this would it work several issues suggest not the gop hasn t spent enough time in the wilderness to accept such a rebuke when clinton made his remarks the democrats had only occupied the white house for one term out of the past six and were desperate for an electoral victory the party was simply tired of losing and ready to abandon its ideological rigidity were jimmy carter to have said something similar in 1980 he would likely not have survived the primaries there s little evidence that the gop has reached peak wingnut the republican party and the conservative intellectual machinery is still in the business of purging moderates and electing extremists while clinton himself had a reputation as a flip flopper during the election he was often derisively referred to as pander bear during the campaign he did not have anywhere near the political baggage that romney did it may well be the case that moderate voters simply conclude that this is yet another strategic tack from the presumptive gop nominee and not a serious statement of principle on an issue of key importance the specific issue of healthcare reform doesn t give romney much electoral benefit as a more robust version of the program is already law and championed by his oopponent in prior instances where romney has said things that have offended conservatives and produced outrage among the right wing punditocracy these have been swiftly walked back it s possible that romney will do the same with this remark disavowing it as an unwise remark from a campaign staffer for this to have any sister souljah potential romney will have to defend the position himself and openly defy conservatives who remain skeptical about his political bona fides and the next time romney stands up to rush limbaugh et al will be the first but if he doesn t do it during the campaign he ll probably never get the chance to do it from the oval office posted by engineerscotty at 12 59 pm no comments email this blogthis share to x share to facebook share to pinterest labels electoral politics mitt romney thursday july 26 2012 hyperinflation it s always amusing to hear scolds and cranks on the political right wing and i include libertarians here as this article focuses on economic issues warning about the possibility of us hyperinflation if i had a dollar for every time someone compared the united states to weimar germany or post wwii hungary or various african kleptocracies i d have enough cash to inflate the currency myself while the us uses fiat money it ought to be obvious to anyone that the fed is strictly under the thumb of banking interests and that despite persistent 8 unemployment isn t likely to do a damn thing about it least of all go off and print tens of trillions of dollars and it would take an expansion that large in the money supply to devalue the currency sufficiently to trigger hyperinflation generally defined as a halving of the value of a currency each month or worse the size of the national debt is of some concern but at present it is at a level manageable by current gdp hyperinflation generally occurs when there s a very large change in the value of the money supply money stock bank deposits etc compared to the productive value of a country the biggest cause of hyperinflation is warfare and its aftermath where massive amounts of capital are diverted to fund the war machine this is especially true for civil war and or invasion where productive assets are destroyed civil society is disrupted taxation becomes difficult and or punitive reparations are imposed on the loser of a conflict the other main cause of hyperinflation is ineffective government running unproductive economies often also coupled with warfare neither condition presently applies here while the us is presently engaged in far too many foreign misadventures for my taste all of the conflict is occurring abroad us factories are not being bombed and the government remains able to finance its activities through taxation or debt and the country still has adequate infrastructure productive farms and factories and other ways of generating wealth so could hyperinflation happen here the two times the us has come closest were during the revolutionary and civil wars the us was not yet a country at the time the colonists revolting against great britain were issuing continentals to finance the war which quickly became worthless no other episode including the infamous stagflation of the 1970s come close inflation then was on the order of 10 per year not 50 per month as noted in the opening paragraph the fed seems to be in no mood to further expand the money supply and us debt still is regarded as a highly safe investment if it does happen it won t be in the way the tinfoil hats on the right predict my bigger concern would be a significant drop in the productive capacity of the country caused by a continuing failure to invest in the infrastructure and human resources needed to maintain a first world economy a first world economy requires quality roads and ports for movement of people and goods an educated populace a strong financial system infrastructure for things like electricity water sewerage and telecommunications and a transparent and honest political and judicial system and recently we have been neglecting all of these often on the grounds that they are too expensive to maintain however there remains ample money to fund a vast war machine for engaging in dubious adventures abroad if hyperinflation occurs here it won t because the fed fires up the printing press it will occur here because our infrastructure will become so neglected that it fails to function our bridges will fall into rivers our utility systems will become unreliable our factories many of which are shuttered due to cheaper labor and better supply chains available elsewhere will become obsolete and no longer capable of high level production our children deprived of a quality education will not be qualified for any tasks other than physical labor our politicians will become more bought and our culture politics more poisonous and eventually the gdp will plummet as the productive capacity of the land goes down and all those dollars people have will correspondingly decline in value if hyperinflation occurs here it won t be because of the numerator in the money wealth ratio gets too high it will be because the denominator gets too low and that s actually the common denominator in cases of hyperinflation a country that for whatever reason is poor usually this occurs in a country that has never been otherwise or which sees its wealth utterly destroyed due to catastrophe or sabotage it would be a rare thing indeed for it to happen due to simple neglect posted by engineerscotty at 1 34 pm 2 comments email this blogthis share to x share to facebook share to pinterest labels economics hyperinflation money tuesday july 24 2012 more gilbert and sullivan this time for the president when the gop s not causing unemployment unemployment and trying to drown the baby in the tub in the tub on the golf course speaker boehner gives enjoyment gives enjoyment though he thinks that i should carry round his clubs round his clubs our feelings we with difficulty smother culty smother when polliticary duty s to be done to be done ah take one consideration with another with another a president s lot is not a happy one ahhh when politicary duty s to be done to be done a president s lot is not a happy one when the press corps is not rummaging through my laundry through my laundry and seeking soiled linens i may got i may got at parties they re quite charming what a quandry what a quandry holding forth on edmund burke and oakeshott oakeshott when the banker s finished robbing your grandmother your grandmother he loves to see the yankees score a run score a run ah take one consideration with another with another a president s lot is not a happy one ahhh when politicary duty s to be done to be done a president s lot is not a happy one posted by engineerscotty at 10 36 pm no comments email this blogthis share to x share to facebook share to pinterest labels gilbert and sullivan obama satire snark tuesday july 10 2012 honest politician refuses to kiss ugly baby sabine parish la ap a candidate for the louisiana house of representatives caused a minor stir today when he refused to kiss a baby offered by a supporter at a political rally saying that the child was too ugly edwin g beauregard iii a republican running for the legislature s seventh district who has developed a widespread representation among constituents for honesty was gladhanding supporters in the town of many when blanche johnson a local housewife handed him her 4 month old son bo jr for the traditional political ritual of receiving a kiss from the candidate beauregard astonished the crowd when he took one look at the child audibly shouted my lord and handed the infant back to his shocked mother visibly shaken the rally was ended soon after and the candidate canceled the remaining events on his schedule that day asked about the event at a press conference the next day mr beauregard told an assembled group of reporters that i m sorry folks but i jes cannot tell a lie dat dar baby was uglier n an alligator now i done grew up in da bayou and i seen lots of gators in my time done killed a bunch of m too while de chil wasn t uglier dan de ugliest gator i ever saw he was definitely uglier dan de prettiest one i m sorry if i offended da lady she seems like a nice woman an all but i nearly fainted right dere on de spot when i saw what was inside dat cute lil outfit dis may cos me de election dis november but lord al mighty dat kid was ug ly when reached for comment mrs johnson surprisingly defended the candidate indicating that she still plans to vote for mr beauregard i know that little bo jr ain t xactly the cutest thing in the world he kinda looks...