Tuesday, April 10, 2012

@21:20, 04/09/12 82

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  • TimesPeople recommended a user:
    Apr 8, 2012
  • TimesPeople recommended a video:
    Apr 8, 2012
    What Is a Megabyte?
    We know what a million is. A gigabyte is a thousand megabyte.
    The problem is that I know four different values for a byte.
    eight bits, sixteen bits, thirty two bits and sixty four bits. One hundred twenty eight bits is proposed but not standard.
    Things seem to have changed since I last paid attention. The phone system dominates and the standard byte is eight bits.
    http://en.wikipedia.org/wiki/Byte
     
    Paul Krugman has had bitter things to say about the Ryan budget.
    The Ryan budget is not.
    http://krugman.blogs.nytimes.com/2012/04/09/the-empathy-gap/
     
    "April 9, 2012, 8:56 am

    The Empathy Gap

    In general, I’m a numbers and concepts guy, not a feelings guy; when I go after someone like Paul Ryan, I emphasize his irresponsibility and dishonesty, not his evident lack of empathy for the less fortunate.
    Still, there are times — in Ryan’s case and more generally for much of his political tribe — when that lack of empathy just takes your breath away. Harold Pollack catches Ryan calling his proposed cuts in Medicaid, food stamps and more welfare reform round two, and suggests that our current suite of safety net programs is “a hammock that lulls able-bodied people to lives of dependency and complacency”.
    Oh. My. God.
    First of all, if you think that welfare reform has been just great, read this extended Times report on the desperation of many poor Americans trying to survive in a depressed economy with a shredded safety net. It takes a monumental inability to imagine other peoples’ lives to blithely praise welfare reform’s results at a time like this.
    And if you look at how desperate you have to be to qualify for food stamps and Medicaid, the notion that these programs encourage “complacency” is breathtaking.
    Oh, and of course, being “able-bodied” in the current economy does not, remotely, ensure that you can actually find work no matter how hard you look.
    Ryan, we’re told, is a nice guy. And maybe he is, to people he knows. But he evidently has no sense of or interest in the lives of those less fortunate."
     
    http://www.nytimes.com/2012/04/09/opinion/krugman-the-gullible-center.html?partner=rssnyt&emc=rss

    "So, can we talk about the Paul Ryan phenomenon?
    And yes, I mean the phenomenon, not the man. Mr. Ryan, the chairman of the House Budget Committee and the principal author of the last two Congressional Republican budget proposals, isn’t especially interesting. He’s a garden-variety modern G.O.P. extremist, an Ayn Rand devotee who believes that the answer to all problems is to cut taxes on the rich and slash benefits for the poor and middle class.
    No, what’s interesting is the cult that has grown up around Mr. Ryan — and in particular the way self-proclaimed centrists elevated him into an icon of fiscal responsibility, and even now can’t seem to let go of their fantasy.
    The Ryan cult was very much on display last week, after President Obama said the obvious: the latest Republican budget proposal, a proposal that Mitt Romney has avidly embraced, is a “Trojan horse” — that is, it is essentially a fraud. “Disguised as deficit reduction plans, it is really an attempt to impose a radical vision on our country.”
    The reaction from many commentators was a howl of outrage. The president was being rude; he was being partisan; he was being a big meanie. Yet what he said about the Ryan proposal was completely accurate.
    Actually, there are many problems with that proposal. But you can get the gist if you understand two numbers: $4.6 trillion and 14 million.
    Of these, $4.6 trillion is the revenue cost over the next decade of the tax cuts embodied in the plan, as estimated by the nonpartisan Tax Policy Center. These cuts — which are, by the way, cuts over and above those involved in making the Bush tax cuts permanent — would disproportionately benefit the wealthy, with the average member of the top 1 percent receiving a tax break of $238,000 a year.
    Mr. Ryan insists that despite these tax cuts his proposal is “revenue neutral,” that he would make up for the lost revenue by closing loopholes. But he has refused to specify a single loophole he would close. And if we assess the proposal without his secret (and probably nonexistent) plan to raise revenue, it turns out to involve running bigger deficits than we would run under the Obama administration’s proposals.
    Meanwhile, 14 million is a minimum estimate of the number of Americans who would lose health insurance under Mr. Ryan’s proposed cuts in Medicaid; estimates by the Urban Institute actually put the number at between 14 million and 27 million.
    So the proposal is exactly as President Obama described it: a proposal to deny health care (and many other essentials) to millions of Americans, while lavishing tax cuts on corporations and the wealthy — all while failing to reduce the budget deficit, unless you believe in Mr. Ryan’s secret revenue sauce. So why are centrists rising to Mr. Ryan’s defense?
    Well, ask yourself the following: What does it mean to be a centrist, anyway?
    It could mean supporting politicians who actually are relatively nonideological, who are willing, for example, to seek Democratic support for health reforms originally devised by Republicans, to support deficit-reduction plans that rely on both spending cuts and revenue increases. And by that standard, centrists should be lavishing praise on the leading politician who best fits that description — a fellow named Barack Obama.
    But the “centrists” who weigh in on policy debates are playing a different game. Their self-image, and to a large extent their professional selling point, depends on posing as high-minded types standing between the partisan extremes, bringing together reasonable people from both parties — even if these reasonable people don’t actually exist. And this leaves them unable either to admit how moderate Mr. Obama is or to acknowledge the more or less universal extremism of his opponents on the right.
    Enter Mr. Ryan, an ordinary G.O.P. extremist, but a mild-mannered one. The “centrists” needed to pretend that there are reasonable Republicans, so they nominated him for the role, crediting him with virtues he has never shown any sign of possessing. Indeed, back in 2010 Mr. Ryan, who has never once produced a credible deficit-reduction plan, received an award for fiscal responsibility from a committee representing several prominent centrist organizations.
    So you can see the problem these commentators face. To admit that the president’s critique is right would be to admit that they were snookered by Mr. Ryan, who is the same as he ever was. More than that, it would call into question their whole centrist shtick — for the moral of my story is that Mr. Ryan isn’t the only emperor who turns out, on closer examination, to be naked.
    Hence the howls of outrage, and the attacks on the president for being “partisan.” For that is what people in Washington say when they want to shout down someone who is telling the truth." 

    Representative Ryan deserves every bit of flack he is catching.
     
     
  • TimesPeople recommended a video:
    Apr 8, 2012
  • TimesPeople recommended a video:
    Apr 8, 2012
    Life of the ‘Body Man’
    As good republicans we don't admit that personal servants still exist.
    http://en.wikipedia.org/wiki/Valet
    I am gathering experience. I am reasonably comfortable in the role. 
    Obama's open mic moment seems to have sunk without a splash.
    It was a simple statement of fact and an appropriate response.
  • TimesPeople recommended a user:
    Apr 8, 2012
The big difference between the fresh and salt water schools in economics appears to be the existence of the liquidity trap. 
The evidence is all around us. The liquidity trap is very real.

There will be no inflation until  the economy restarts.
Austerity is a useless exercise in destruction.















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