June 07, 2011

Another One Bites the Dust
— andy

Seems the Obama administration just can't keep anyone on its economics team for very long. Imagine that.

Less than a year after he was named chairman of the White House Council of Economic Advisers, Goolsbee plans to return to his teaching job at the University of Chicago, the Obama administration said in a statement. He will be back in Chicago in time for the start of the next school year.

Goolsbee said he looks forward to returning to the classroom environment, where Keynesian economics always works like the models predict.

I may have made that last part up.

Dramatic reenactment below the fold.

Posted by: andy at 03:02 AM | Comments (111)
Post contains 113 words, total size 1 kb.

1 it has been proven, with this administration ( full of professors and college types) that, those who can DO and those that can't TEACH.

Posted by: finally at June 07, 2011 03:06 AM (D+504)

2 Goolsbee figured he was to late to the party to score some real cash so he's bailing to avoid the reputation being a WH economics guru will carry in the near future.

Posted by: Hrothgar at June 07, 2011 03:07 AM (yrGif)

3 "Goolsbee's departure leaves Treasury Secretary Timothy Geithner as the sole remaining senior member of Obama's original economic team, as the president is under pressure to persuade Americans that he has a plan to boost growth."

Hmm. Their economic plan continues to fail despite personnel churn. But Geithner is still there. If I could do the math, I'd swear that added up to something.

Oh, well. Embrace the suck, America.

Posted by: AnonymousDrivel at June 07, 2011 03:10 AM (1yViP)

4 it has been proven, with this administration ( full of professors and college types) that, those who can DO and those that can't TEACH.

Posted by: finally at June 07, 2011 07:06 AM (D+504)

Worse yet, those that can't teach run for and win pubic office and succeed in establishing Marxist policies!

Posted by: Hrothgar at June 07, 2011 03:10 AM (yrGif)

5 Where exactly is this pubic office, Hrothgar? I may be interested in a career change.

Posted by: Anthony's Wiener at June 07, 2011 03:13 AM (1yViP)

6 Posted by: Anthony's Wiener at June 07, 2011 07:13 AM (1yViP)
I have been following too many weiner threads!  And only one cup of coffee so far. 
Actually it turned out to be a better post than if I had typed "public" as I originally intended,

Posted by: Hrothgar at June 07, 2011 03:16 AM (yrGif)

7 I read somewhere on the intertubes that Maxine Waters would like a crack at the gig where she plans to merge the earth and Martian economies.

Posted by: dogfish at June 07, 2011 03:17 AM (N2yhW)

8 as long as obamas golf clubs dont leave him he doesnt care who does.

Posted by: trailortrash at June 07, 2011 03:20 AM (yL+15)

9 hahahahaha. I don't know if you caught the interview with Goolsbee on 'This Week', but I'm pretty sure you could the moment that he decided that he'd had enough. I believe it was when he said, "jobs numbers are highly variable," for the twelfth time and realized it wasn't going to stick.

Posted by: MJ at June 07, 2011 03:21 AM (BKOsZ)

10 The rats are deserting. They have WH on their resume now so they can trade that for million dollar jobs as a lobbyist.

Posted by: Vic at June 07, 2011 03:22 AM (M9Ie6)

11 dogfish: "I read somewhere on the intertubes that Maxine Waters would like a crack at the gig where she plans to merge the earth and Martian economies."

Curiously, with a little editing tweak, it still reads as semi-believable.

Posted by: AnonymousDrivel at June 07, 2011 03:26 AM (1yViP)

12 O/T Glad Goolsby's taking his stand up comedy back to school but:

Here's a nice story from David Horowitz' Front Page Mag.

The Arabic news website, Al Arabiya, has the sordid details, including a video of Mutairi addressing the topic of sex-slavery.  I summarize and translate various excerpts below (note: I am not making any of this up).

The Kuwaiti activist begins by insisting that “it’s of course true” that “the prophet of Islam legitimized sex-slavery.”

Posted by: ontherocks at June 07, 2011 03:27 AM (HBqDo)

13

 his teaching job at the University of Chicago

nuf said.

 

Posted by: dananjcon at June 07, 2011 03:28 AM (pr+up)

14 Goolsbee going back to where in practice, theory and practice are the same.

Posted by: Jack at June 07, 2011 03:28 AM (kCT7A)

15 Btw, I want to add to the chorus and thank Ace and the cob loggers for keeping Weinergate alive for a week. Without you guys and Breitbart, the story would have remained under a rock where the MFMBM tried desperately to shove it.

Posted by: Laura Castellano at June 07, 2011 03:30 AM (fuw6p)

16 Keynsian economics is much less dangerous in the classroom where it only wastes tuition.

Posted by: ontherocks at June 07, 2011 03:38 AM (HBqDo)

17 Wait a sec'. You mean Goolsbee will be back next semester? And I have to listen to him lecture me!?

How do I transfer out of this chicken-shit outfit?

Posted by: Profligate Student Waist at June 07, 2011 03:40 AM (1yViP)

18 Schizzoid italics fail again in quoted part of Front Page story in #12.
Format is trick or treat.

Posted by: ontherocks at June 07, 2011 03:41 AM (HBqDo)

19 http://preview.tinyurl.com/yat7qae HAYEK!

Posted by: NotAMolly at June 07, 2011 03:43 AM (ADJFU)

20 If I could do the math, I'd swear that added up to something.

Posted by: AnonymousDrivel at June 07, 2011 07:10 AM (1yViP)

1+1+1+1=132

Posted by: CharlieBrown'sDildo (NJConservative) at June 07, 2011 03:44 AM (LH6ir)

21 Ok, that made me laugh...

Posted by: Lyford at June 07, 2011 03:45 AM (NjrLo)

22 I went to school with him. Like we were kids together. So I know hes a douche, but not an actually stupid man. Look I have watched him get in this position thinking this would be cool and he could run something, and instead be told what to do and say, much of it bullshit he doesnt believe. Its kinda funny to me to see him slam face first into reality. Except its our fail too. Sigh guess I should stockpile more food....

Posted by: gushka at June 07, 2011 03:48 AM (93zw2)

23 If Austen can figure out how you program parameters "for the economic modelers don't have a clue as to what works" factor into the economic models, he has a bright future in academe.

Posted by: No Whining at June 07, 2011 07:33 AM (/h8IG)
Also interesting that since he must have known a date when his tenured slot became a problem to retain before he took the WH gig, the only reason to leave prematurely is that he thinks things are really going to hit the fan and he wants to be far far away when that happens.  Otherwise, he would stay around and plan to collect the post-WH largesse from the O cronies.

Posted by: Hrothgar at June 07, 2011 03:49 AM (yrGif)

24 We don' need no steenking economic news:
http://preview.tinyurl.com/3sjtjwc

Posted by: Hrothgar at June 07, 2011 03:53 AM (yrGif)

25 Posted by: Hrothgar at June 07, 2011 07:49 AM (yrGif)

Makes sense, but I side with Occam here. I'll bet that Obama's White House is a really shitty place to work.

Posted by: CharlieBrown'sDildo (NJConservative) at June 07, 2011 03:53 AM (LH6ir)

26 The throtle has been set to wide open. Now it's time to jump this train before the wreck and sit back in my protected job and claim "I had no part in it!!".

Posted by: harleycowboy at June 07, 2011 03:55 AM (wSTfB)

27 Hrothgar @25... Indeed. I think youre right. I also think hr doesnt suffer stupid people gladly, and the wh is full of them. (i have a friend that works there and has for 3 admins) I prolly looked pretty clear he was being set up to take the fall for the crash we are (UNEXPECTEDLY!) headed for

Posted by: gushka at June 07, 2011 03:56 AM (93zw2)

28 Maybe Austen is going back to Chi-town to get in on this sort of action:
http://tinyurl.com/dadaleychicagoway
from  Drudge
1. Be related to powerful people
2.  Be a non-involved party
3. Profit

Posted by: Hrothgar at June 07, 2011 03:58 AM (yrGif)

29 Goolsbee is an idiot extraordinaire. He believes that we are not in a depression and that the economy is great! Let him go and keep drinking the kool-aid while he's at it. Not one of "them" can see the truth as it is.

Posted by: DefendUSA at June 07, 2011 03:58 AM (c81D+)

30 Posted by: gushka at June 07, 2011 07:56 AM (93zw2)

It must be tough thinking you will be unexpectedly thrown under the bus whenever it is necessary.

Posted by: Hrothgar at June 07, 2011 03:59 AM (yrGif)

31

"Dr. Goolsby, what does this say?"

"Ybsloog Nitsua?  Wha?  Ooh!  Aargh!!"

>ZAP< 

You have to make him say his name backwards to get him to go back to the 5th dimension.

Posted by: Truman North at June 07, 2011 04:01 AM (K2wpv)

32

I read last night on HA that one of the MFM outlets put out the the nice little statistic that the percentage of the unemployed that have been unemployed for over 6 months now exceeds that of the Great Depression.  Goolsbee must not have thought that was much of a resume booster.

All joking aside, the economy is going to get worse.  President Obama has absolutely no interest in changing any of his policies despite the misery he is inflicting.  But hey, why let that get in the way of a good golf game?

Posted by: Retired Buckeye Cop at June 07, 2011 04:04 AM (S2+uh)

33 I dont really think he actually believed half of what he was sayin. I do think he was gettin brow beat and threatened with the bus undercarriage. Sigh. OTOH... I do believe he did think the other half of what he said was right on and was thrilled to impose it on us. He is one communist/liberal piece of shit. That said, the workplce sucked and he did have the ultimate pointy haired boss.my friend in DC dreamsof getting the hell out

Posted by: gushka at June 07, 2011 04:07 AM (93zw2)

34

Truman North, lets do that to a certain teleprompter.

"Amabo Kcarrab"  Assming that is his real name.  Stanely might have named him Weiner Boy.

Posted by: Anna Puma at June 07, 2011 04:11 AM (zBc85)

35 Obama isn't cool on campus any more because there aren't any jobs, and the highest rate of unemployment hits the youth the hardest.

Posted by: maverick muse at June 07, 2011 04:12 AM (H+LJc)

36 Morning gushka.

Posted by: Anna Puma at June 07, 2011 04:12 AM (zBc85)

37 I don't get it.  The Chicago School of economics is close to the Austrian school, and yet a schmuck like this is allowed to teach policies that are demonstrably wrong as though he were teaching fact.  In Chicago.  Clearly I do not understand how economists can perpetuate fairy tales like the bastardized modern version of Keynesianism (I'd prefer to call it Rooseveltism, personally) and remain employed by serious universities.  So much for the search for truth.

(Of course, I'm just a lay person without a degree in economics.  IOW, I don't do this for a living.)

Posted by: Kerry at June 07, 2011 04:12 AM (a/VXa)

38  his teaching job at the University of Chicago. Nuff said. CHICAGO. is it wrong of me to pray for a meteor strike?

Posted by: Some dope at June 07, 2011 04:19 AM (OTnOU)

39

Obama's verrrrry popular on my campus.  Ecch. 

(Insert several short and entertaining anecdotes)

It's really awful.

Posted by: Truman North at June 07, 2011 04:20 AM (K2wpv)

40 How can this Keynesian idiot get a job at University of Chicago?

Posted by: Zombie Milton Friedman at June 07, 2011 04:20 AM (SWgtT)

41 As America falls into its bottomless spending pit of economic darkness, there will be no problem associating the name of Goolsbee with DOOM.

And Obama orders NO MORE ECONOMIC BRIEFINGS permitted in the White House.

As his advisers jump ship, given Obama's antipathy, I wonder when his vendettas will be released.

Weiner's vanity will not suffice as distraction given America's economic ruin.




Posted by: maverick muse at June 07, 2011 04:25 AM (H+LJc)

42 Bites the dust? Hardly. These rats are jumping ship because their economic theories have failed in the real world. For over the past two years we have been their socialist-Keynesian lab rats, and guess what? Suddenly we are all dying off like the bubonic plague has taken over.

They will go back to academia where it's safe for them to once again theoretically talk about economics and socialism in a way that no real facts or ill effects will  reveal hos ill-advised and destructive their worldview is. They will talk gratuitously about how they "never got to finish the job" and how "Republicans coming into the House in 2010 destroyed everything they were trying to accomplish". They will try to destroy another generation of students with their liberal brainwashing. Oh, if they only had more time... Ever notice how it is never enough time? Never.

You can take this to the bank.

Posted by: Marcus at June 07, 2011 04:26 AM (CHrmZ)

43 Obama isn't cool on campus any more because there aren't any jobs, and the highest rate of unemployment hits the youth the hardest.


I predict he will get out the yout' vote in greater numbers for 2012. heh

President Obama was golfing and one of the greens keepers had found a litter of kittens
Obama: "What kind of kittens are those Jose?"
Jose: "Deemocrats senor` Obama."
Obama: " HahHa! That's cool!"
The next Sunday he shows up for his round and has John Bohner with him.
Obama: "Hey Jose, tell John what kind of kittens those are."
Jose: " They are Repuplicans senor` Obama."
Obama: "What the hell. Last week they were democrats!"
Jose: "Si senor`, but thees week they got their eyes open."

Posted by: Beto at June 07, 2011 04:26 AM (j5CHE)

44 one of the MFM outlets put out the the nice little statistic that the percentage of the unemployed that have been unemployed for over 6 months now exceeds that of the Great Depression.  That outlet was cbsnews.com.

Posted by: Some dope at June 07, 2011 04:26 AM (OTnOU)

45 Posted by: maverick muse at June 07, 2011 08:25 AM (H+LJc)

When some of these turkeys are convicted and serve hard time, then I will believe that we are on the road to recovery!

Posted by: Hrothgar at June 07, 2011 04:27 AM (yrGif)

46 Andy, nice addition to the Reuters article. Reminds me of the movie Back To School, when the business prof sets out idiotic parameters for building a hypothetical factory as the class project. After spewing his insular non-real world academic ideas, the prof asks the class where the factory should be located. Rodney Dangerfield replies: "FantasyLand". Goolsbee returns to FantasyLand. At least he'll do well there.

Posted by: FreakyBoy at June 07, 2011 04:27 AM (xAW84)

47 This poll carries all the answers:

BO reaches new lows:


Americans' disapproval of how President Barack Obama is handling the economy and its growing budget deficit has reached new highs amid broad frustration over the slow pace of economic recovery, according to a Washington Post-ABC New poll released on Tuesday.

The ratings boost Obama received after the killing of Osama bin Laden has dissipated with his job approval rating back to 47 percent. Forty-nine percent disapprove of his performance.

Obama's approval rating bounced to 56 immediately after bin Laden was killed last month.

Fifty-nine percent, a new high, gave Obama negative marks for his handling of the economy, up from 55 percent a month earlier.

Obama's approval rating on the deficit issue hit a new low of 33 percent, down 6 points since April.

...

Eighty-nine percent of Americans say the economy is in bad shape; 57 percent say the recovery has not started and 66 percent said the United States was seriously on the wrong track.

Forty-five percent said they trust congressional Republicans over Obama to handle the economy, up 11 points since March.


Posted by: momma at June 07, 2011 04:28 AM (nWikJ)

48 This is the same Goolsbee who told the Canadians that Obama's comments on NAFTA were only for domestic consumption.

Posted by: Islamic Rage Boy at June 07, 2011 04:28 AM (e8kgV)

49 How ignorant must they be, for students to pay outrageous tuition in order to study from the likes of Goolsbee et al., U/Chicago tenured professors. Ah! But of course, the more students spend, the greater their debt, the richer they are financially by the Goolsbee Keynes' get rich quick Doctrine for suckers.

/Ha! Tenured professor, making his distinction from the potus, as if "better" than the visiting guest lecturer activist aka the so-called constitutional law professor.

Posted by: maverick muse at June 07, 2011 04:32 AM (H+LJc)

50 Whoever Obama's campaign becomes should use this theme;

"Clean up our government. Get rid of BO."

Posted by: Marcus at June 07, 2011 04:35 AM (CHrmZ)

51 Hrothgar at June 07, 2011 08:27 AM

Yes. But that road to recovery ain't paved with Mitt's leadership.

Nanny State Mary Poppins isn't going to give any working class American a spoon full of sugar to help the medicine go down, either.

If Americans want recovery, face up to our illness and follow the Constitution as our guide to recovery.

Posted by: maverick muse at June 07, 2011 04:36 AM (H+LJc)

52

It's always easier to fool college students.  When faced with reality most con artists can't keep the balls in the air. Goolsbee can go back to the classroom and dazzle the fools with this con artist economic plans. 

Posted by: Marie at June 07, 2011 04:42 AM (W7Seu)

53 Posted by: maverick muse at June 07, 2011 08:36 AM (H+LJc)

I fear the winds of (non)change are at Mitt's back and that we will be offered and accept the Mittster, socialist nanny state baggage and all, primarily based on his vaunted "economic" experience.  The MFM shilling for another NE RINO candidate won't hurt him as it should, expecially after their recently demonstrated incompetence and shading of the news.

Posted by: Hrothgar at June 07, 2011 04:42 AM (yrGif)

54

(Insert several short and entertaining anecdotes)

Weiner-rama has ruined me. Everything looks dirty now.

Posted by: Mama AJ at June 07, 2011 04:43 AM (XdlcF)

55

How is a Keynesian working at the University of Chicago?

I thought Chicago was a Austrian School Economics department?

Posted by: Ben at June 07, 2011 04:45 AM (wuv1c)

56 Also interesting that since he must have known a date when his tenured slot became a problem to retain before he took the WH gig,

That is generally not a problem at the prestigious universities like U. of Chicago.  They keep a spot open for him in perpetuity, they might even get the gov't to pay for the adjuncts necessary to cover his course load (but a guy like that will only teach 1 or 2 courses a year anyway), but he will have a job waiting for him regardless. 

Posted by: chemjeff at June 07, 2011 04:47 AM (7mSYS)

57 This is just another distraction to keep us from thinking about the need for Clarence Thomas to recuse himself from the health care vote.

Posted by: KosTard at June 07, 2011 04:47 AM (hMdAu)

58 ""CHICAGO. is it wrong of me to pray for a meteor strike?""


I have many friends in the chicago suburbs. They are way ahead of you.

Posted by: Berserker at June 07, 2011 04:47 AM (FMbng)

59 How ignorant must they be, for students to pay outrageous tuition in order to study from the likes of Goolsbee et al., U/Chicago tenured professors. Ah! But of course, the more students spend, the greater their debt, the richer they are financially by the Goolsbee Keynes' get rich quick Doctrine for suckers.


the sad truth is, these students pay outrageous sums and the chance that they will actually have a class taught by one of the bigshots is small b/c they will only teach maybe 2 classes a year total

Posted by: chemjeff at June 07, 2011 04:48 AM (7mSYS)

60

Hmm. Their economic plan continues to fail despite personnel churn. But Geithner is still there. If I could do the math, I'd swear that added up to something.

Oh, well. Embrace the suck, America.

Math is racist.

 

Posted by: Marie at June 07, 2011 04:51 AM (W7Seu)

61 Probably one of the most underrated lines in any movie ever.

Posted by: Reality Man at June 07, 2011 04:53 AM (9AQdP)

62

Just in from CNN. Weiner said it was him, he did send it BUT IT WAS MEANT TO BE "A JOKE".

See? It was all in good fun. No harm.

Posted by: harleycowboy at June 07, 2011 04:53 AM (wSTfB)

63 Japan proved again that Keynesian spending doesn't work. Lost decade and all that but WE didn't even get Keynes type government spending. P/R/O took a trillion dollars from us, spent maybe 20% on infrastructure and gave the rest to the public unions to buy campaign contributions and votes. I'm sure the level of corruption makes the teapot dome group look like boy scouts. But they have the media on their (socialist) side + they have written such twisted laws over the last century that some of the stealing is legal on paper

Posted by: PaleRider at June 07, 2011 04:56 AM (cQZV0)

64

haha, TMZ is talking to the Weiner Porn Star. It seems he instructed her how to lie and put his PR team on the case to help her.

You don't think a Porn Star would exploit her Weiner relationship for money and publicity do you? I mean a porn star wouldn't to that would she?

Posted by: robtr at June 07, 2011 04:56 AM (MtwBb)

65 Posted by: chemjeff at June 07, 2011 08:47 AM (7mSYS)

Right-o.  I should have added that the other possibility was that "loss of a coveted tenure position" was a great excuse, far better than having to admit that "your" economic recovery in well into depression territory!

Posted by: Hrothgar at June 07, 2011 04:57 AM (yrGif)

66 I'd eat Goolsbee's braaaaaains if I thought he had any. 

Posted by: Zombie F.A. Hayek at June 07, 2011 04:58 AM (DrWcr)

67

I'm not quite sure I learned anything in college or graduate school other than how to show up (which I already knew) and that I needed to complete assignments (which I already knew). A lawyer learns more in the first week of lawyering than he did in 3 years of law school.

The problem with these professors is that they actually internalize the material and think it matters. The real world? Bah.

Posted by: dagny at June 07, 2011 04:59 AM (GX2g3)

68 Heck of a job, Goolsbee. You can quit "helping" now, you fucking douchebag. Take your miserable, failed bitch ass back to that shithole Chicago. And when you get there, tell somebody Jeff said to go fuck yourself. Who? Anybody. It's Chicago - just pick someone.

Posted by: Empire of Jeff at June 07, 2011 05:01 AM (lbo6/)

69 Weiner suggested a nice touch -- some good ol' Southern charm: "And then maybe insert some y'alls in there."

On June 2, Weiner sent Lee a proposed statement she could give to the press:  "I have nothing to do with the situation involving Rep Weiner.  I follow his twitter feed.  And for a brief time he followed me.  Much has been made of the fact that I have posted about my admiration for Rep Weiner and his politics.  All I can say about that is that I'm a fan of his.  Rep. Weiner sent me one short direct message thanking me for following him.  I have never met Rep. Weiner and he has never sent me anything innappopriate (sic) ..." 

Weiner then asked Lee directly, "How's it [the proposed statement] feel?"

Awesome.

Posted by: dagny at June 07, 2011 05:02 AM (GX2g3)

70 Next step: shove that clown nose up Jon Stewart's ass.

Posted by: blaster at June 07, 2011 05:03 AM (l5dj7)

71 So typical for the liberal mindset.  The greatest minds are by definition resident in academia, where they are spared from the day to day drudgery of having to worry about mundane facts like profit and loss.  If only we could give them free reign to implement their astounding ideas, then we will achieve utopia.

This administration has been nothing but an exercise in letting a bunch of college professors test out their pet theories using the American economy as a laboratory.  Too bad they won't take their failures and learn from them.

Posted by: Dave in Fla at June 07, 2011 05:05 AM (+irH7)

72

Just in from CNN. Weiner said it was him, he did send it BUT IT WAS MEANT TO BE "A JOKE".

See? It was all in good fun. No harm.

Posted by: harleycowboy at June 07, 2011 08:53 AM (wSTfB)

It was a joke....did you see the wee size of that thing?

Posted by: Tami at June 07, 2011 05:05 AM (X6akg)

73 Socialist economics fails 46 ways from Sunday, so the silly bastard will go and teach his ass gas to kids as economics. Fuck yeah, is this a great country or what?

Posted by: maddogg at June 07, 2011 05:10 AM (OlN4e)

74

One of the weiner excuses that landed on the cutting room floor was that the weiner had taken viagra.  He was merely proving to his doctor that the erection had lasted more than four hours.  How dare we interfere with his doctor patient confidentiality?  He will be filing suit against Breitbart for violating HIPPA laws shortly.

Posted by: Marie at June 07, 2011 05:16 AM (W7Seu)

75 Obama's verrrrry popular on my campus. Ecch. (Insert several short and entertaining anecdotes) It's really awful. Posted by: Truman North Change schools

Posted by: Jean at June 07, 2011 05:19 AM (WkuV6)

76 I have a close friend that believes the Keynesian crap, and it kills me.  How can otherwise smart and well-meaning people be so fucking stupid?

Posted by: pud at June 07, 2011 05:26 AM (u6K6A)

77 #79 I may have to start giving a &*^% about that ...

Posted by: Totally Hawt Honey Badger at June 07, 2011 05:32 AM (GvYeG)

78

 I have a close friend that believes the Keynesian crap, and it kills me.  How can otherwise smart and well-meaning people be so fucking stupid?

Actually Keynesian appeals to intellegent people.

It appeals to their vanity. They think they know what is best for other people and in Keynesian economics they have a system which allows them to implement their ideas and have control over the "less intellegent people"

 

It's not a coincidence governments the world over love an economic system that gives them near total control over the economy.

Posted by: Ben at June 07, 2011 05:32 AM (wuv1c)

79

so this guy will go back and teach failed economics? *shudders*

it's been proven wrong no matter the economy, the situiations, the leadership, the face of it, or what party implements it. But yeah somehow this time will be different. ugh

OT: btw I took out the "no opinion" from the recent congressional leaders' polls and came up with this:

Boehner - 49%

McConell - 45%

Pelosi - 31%

Reid - 30%

Posted by: YRM (Go Heat, Go Canucks) at June 07, 2011 05:33 AM (UzBwz)

80

Not a hint of him quitting when he was on TV Sunday. I guess he thought ducking under weiner coverage was good way to avoid questions.

Rat, sinking ship, some assembly.

Posted by: The Schwalbe: © at June 07, 2011 05:34 AM (UU0OF)

81

Next step: shove that clown nose up Jon Stewart's ass.

I tuned into John Stewart yesterday,.

He didn't look happy. I notice his hair wasn't greased back like it nomrally is, it looked like he just got out of the shower. I guess he's taking this Weiner story hard because they are close friends.

 

I'm actually alittle pissed at Stewart and Colbert. Yesterday the second best news conference ever, slightly behind Bud Dwyers, took place and neither Colbert or Stewart played more than 5 seconds of the press conference.

They didn't even play the funny, "were you fully erect or did you have more" question from the end of the conferece.

I tuned in expecting a funny recap, instead Stewart kept it short and mainly focused on penis jokes. Colbert was worse, his Weiner segement was more about Republican sex scandals and Breitbart(who he said is a proven liar on the Sherrod, Acorn and NPR stories).

Posted by: Ben at June 07, 2011 05:36 AM (wuv1c)

82

Economic models that don't work in the real world.

Climate models that don't work in the real world.

Hmmmmm.... I'm sensing a pattern here.

Posted by: chuck in st paul at June 07, 2011 05:41 AM (EhYdw)

83 But it is so deluded to hold the belief that one (or a group of people) can be THAT smart and also be that effective in carrying out the plan...  So freakin' dumb.

Posted by: pud at June 07, 2011 05:41 AM (u6K6A)

84 Rest Peacefully PattyAnn.

You are missed.

Posted by: Zakn at June 07, 2011 05:44 AM (zyaZ1)

85 So sad to hear about Patty Ann.

Posted by: EC at June 07, 2011 05:44 AM (GQ8sn)

86

I tuned in expecting a funny recap, instead Stewart kept it short and mainly focused on penis jokes. Colbert was worse, his Weiner segement was more about Republican sex scandals and Breitbart(who he said is a proven liar on the Sherrod, Acorn and NPR stories).

Posted by: Ben at June 07, 2011 09:36 AM (wuv1c)

 

You really didn't think that those two twats were going to blast away at Weiner. They like the rest of the MFM will turn their attention on Breitbart and try to make this a Republican witch hunt against a poor innocent Democrat with a "sex addiction".

Posted by: TheQuietMan at June 07, 2011 05:47 AM (1Jaio)

87

Goolsbee said he looks forward to returning to the classroom environment, where Keynesian economics always works like the models predict.

That plus the video clip=epic snark!  LOL!  Great post, Andy!

 

 

Posted by: runningrn at June 07, 2011 05:47 AM (ihSHD)

88 "While the average negative equity borrower was upside down by $65,000, there were wide disparities by state (Figure 3). New York borrowers were upside down by an average of $129,000, the highest average in the nation, followed by other high housing cost states: Massachusetts ($120,000), Connecticut ($111,000), Hawaii ($98,000) and California ($93,000). OhioÂ’s negative equity borrowers were upside down by $31,000, the lowest average in the nation, followed by Indiana ($34,000) and Minnesota ($38,000)."  link

Posted by: curious at June 07, 2011 05:48 AM (k1rwm)

89 Slightly behind Bud Dwyer's? That's a high bar.

Posted by: Damn Sockpuppet at June 07, 2011 05:50 AM (YmPwQ)

90 Keynesian economics is one of those things that can work for limited goals within narrow parameters. 

For instance, if you have a five-year-old and you want her room cleaned, you might successfully offer a chocolate-chip cookie as an inducement.

If you start throwing the entire contents of the cookie jar at her, though, you'll end up with a sick, immobile kid and no more cookies.

Posted by: JEM at June 07, 2011 05:50 AM (o+SC1)

91 Mr. Goolsbee can leave because the plan to recover America's economy from that Idiot Bush's policies is on its way. He can now return to teaching to help improve the children of the world with his economic experience. I say good for you Mr. Goolsbee !!!

Posted by: Mary Clogginstein -- Proud Resident of Brattleboro, VT at June 07, 2011 05:51 AM (48wze)

92 The downer to this development is that Obie is likely to end up replacing Goolsbee with another loser.

Posted by: Blacque Jacques Shellacque at June 07, 2011 05:54 AM (VZS83)

93 I'm house shopping right now in Minnesota. I'm whacking 30-35% off any offer I'm gonna make. Here we are already near 1998 levels.

My pops said people aren't going to be offended if you offer 20% less. Well in this market, I have a loan approval and I'm offering.

Posted by: Zakn at June 07, 2011 05:56 AM (zyaZ1)

94

Economic models that don't work in the real world.

On the other hand, I have seen zero evidence that they even attempted to apply any model of any kind to their economic policies.  Perhaps Goolsbee and the gang are using roadkill entrails to determine what to do.

Posted by: Circa (Insert Year Here) at June 07, 2011 05:57 AM (B+qrE)

95 In 2002 1200sqft places on a postage stamp were going for 200 grand. They made it to 230ish in 2004 and then the bottom dropped out.

Those places are now going for 90-120.

It's a bloodbath out there

Posted by: Zakn at June 07, 2011 05:58 AM (zyaZ1)

96 Jim Cramer said cash would be king and he was right.  Read that Jennifer Anniston is becoming a real estate mogul.  I'm not sure how I feel about the very wealthy buying up the foreclosed homes.  Why wasn't anything done for regular people.  They literally could have paid off every mortgage in America with the money they've spent so far.  And last night read that they are taking out public employee pensions.  They say this must be repaid so then the debt ceiling vote is just a sham.

Posted by: curious at June 07, 2011 06:06 AM (k1rwm)

97

My pops said people aren't going to be offended if you offer 20% less. Well in this market, I have a loan approval and I'm offering.

Good luck to you.

 

Posted by: Ben at June 07, 2011 06:07 AM (wuv1c)

98 In 2002 1200sqft places on a postage stamp were going for 200 grand. They made it to 230ish in 2004 and then the bottom dropped out.

In my old neighborhood in Castro Valley they are going for 550/sq ft even now. It is still insane

Posted by: Vic at June 07, 2011 06:07 AM (M9Ie6)

99 I could at least respect intellectual consistency if the Keynsian BS was not used as a money laundering scam to keep govt union payrolls and bennies going and pay off auto unions while swindling bond holders.

These Chicago scumbags are just old line commies and should be behind bars of the correctional variety.

The same thing with Weiner, as his "mistake" was a willful pattern of behavior with a built in, but failed media cover. The tears were vintage crocodile, like anyone is shocked by any of his crap.

This shit won't stop until they're jailed.

Posted by: ontherocks at June 07, 2011 06:08 AM (HBqDo)

100 Zakn - my place went from 300K to 720K and back to 300K in 5 years; should have sold in 2008.

Posted by: Jean at June 07, 2011 06:10 AM (WkuV6)

101 Hrothgar at June 07, 2011 08:42 AM

Keynesian Romney

Socialist Romney

Globalist Financier Romney, "investing" in the take down of American Industry

NO business experience building either America's manufacturing industry or managing a manufacturing business.

...just another Ivy Beleaguered politician like all the others "properly schooled" to gut American ingenuity and American Industry for his own personal profit.

Tralala, the Olympic Savior. Even Olympic Athletes grow up and get a "real" job of sorts. His entrance re-enacted the Seagull "saving" Utah's official face from international shame. In reality, the NEED for an Olympian Savior god was because Utah contractors took payment but failed to provide services and meet deadlines. Hence the NEED for the authoritarian strong-arm from the Mormon Priesthood Hierarchy that requires obedient cooperation from every Mormon (in this case Mormon owned businesses in Utah, namely construction wherein all concerned interests inconveniently/conveniently failed to organize performance of contracted services while under secular Olympic authority, taking moneys paid for services not rendered). The miraculous myth of Mitt was born. What? Utah businesses would effectively cheat the Olympics unless the "right" Mormons got paid off, as things played out naming Mitt In Charge. Not so different from the Chicago Political Machine.

No More.

No working class American deserves being a slave to anti-US and/or pro-UN financiers directing the rape of humanity. And no nation prospers without a healthy and prosperous working class of CITIZENS rather than the parasitic white collar overlords of bureaucracy who also presume to be above the law. In our case, American citizens are protected by the US Constitution that protects the Rights of States and leaves EVERYONE equal under the law, with absolutely no special provisions or status to non-citizen legal residents, let alone the illegal aliens.

BTW, where are the factual records "proving" the Gopper elitist mantra that the wealthiest 10% of Americans claim to already be paying the bulk of US taxes. Hannity claimed that the top 10% income earners pay over 80% of taxes collected by the IRS. That's sheer propaganda. The wealthiest Americans have the money to legally evade paying taxes, saving a bulk of what taxes are assigned their bracket by taking advantage of loopholes.  The only Americans fully paying their assigned bracket tax burden are the working class. And the only one's benefiting from the economic and political demise of formerly sovereign nations are the globalist financiers to whom Mitt Romney and Rick Perry cow tail as puppets.

No need for morons to cry "Class Envy!" to discredit reality, as if the establishment's propaganda were true, and as if perpetuating their corrupt status quo is a "safe" bet, a "winnable" bet. Sure, win the booby prize to hell in a hand basket.

Mitt Romney is just a facade for those in his deceitfully corrupt and constructively inept Ivy Beleaguering opportunists, betting against US industry, against the Dollar and against America while waving our US Flag in our face to get our vote.

No More of That.

Posted by: maverick muse at June 07, 2011 06:20 AM (H+LJc)

102 I had never heard of Budd Dwyer so I just watched his final performance.  Holy crap.

Posted by: Blacksheep at June 07, 2011 06:24 AM (hMdAu)

103

The modern moral of the ancient story, eating fruit from the Tree of Knowledge to distinguish good from evil, is that our eyes have been opened and we do see and UNDERSTAND. Though life is full of hardship, there's no easier route to slavery and death than to use your free will to remain blind and bound to ignorance, despite having eyes to see, to forfeit the virtue acknowledging our Rights protected by our own US Constitution.

I will cast my vote for the preservation and utilization of our Constitution  in limiting governance, and hence in cutting away parasitic federal bureaucracies that exercise authoritarian, anti-constitutional and illegitimate federal powers. Cut spending by surgically removing authoritarianism from governance. That's the platform I support, despite odds.

RINO Gopper elitists refuse to taint themselves as "radical" by affiliating officially to support our "inconvenient" Constitution. To hell with such "leadership". I don't deserve such "leadership", and I'd never curse anyone who loves the Constitution by saying that America deserves more of the economic destruction and authoritarian abuses that our "winnable" politicians are bringing down on our taxpayer heads, while simultaneously reigning down destruction upon the heads of the world's various populations at US taxpayer expense.

Placing what various voters "want" aside, and placing aside what legal limitations exist in Constitutional Governance, we American citizens can not afford taxes to grant every person every wish to come true.

Posted by: maverick muse at June 07, 2011 06:26 AM (H+LJc)

104 Ben at June 07, 2011 08:45 AM

Shirley, you jest.

Posted by: maverick muse at June 07, 2011 06:27 AM (H+LJc)

105 I had never heard of Budd Dwyer so I just watched his final performance.  Holy crap.

Posted by: Blacksheep

 

I had the same reaction. I saw it that day.

Posted by: Blue Hen at June 07, 2011 06:28 AM (Gzv/o)

106

Team Obozo need a John Maynard Keynes blow up doll.

 

Posted by: Lemon Kitten at June 07, 2011 06:30 AM (0fzsA)

107 I had never heard of Budd Dwyer so I just watched his final performance.  Holy crap.

Posted by: Blacksheep

 I wish I would have met you... but now it's a little late.

Posted by: Filter at June 07, 2011 07:13 AM (UvFnc)

108

LMAO

THANK YOU FOR THAT FILM CLIP

Posted by: leperous at June 07, 2011 08:17 AM (Q6qGS)

109 Keynesian economics?  Even I predict that shit doesn't work.

Posted by: Kate Moss at June 07, 2011 08:43 AM (wAQA5)

110 And Obama orders NO MORE ECONOMIC BRIEFINGS permitted in the White House.

Posted by: maverick muse at June 07, 2011 08:25 AM (H+LJc)

That's what you get for skimming.

The article from the other day said he'd stopped the in-person meetings and was getting the briefing on paper.

Obviously we know what he intended to *do* with that, but nothing claimed the briefings stopped except the poorly-written headline.

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