krebscycle

Category: Uncategorized

  • Against anti-neoliberalism

    [Published 2014] Anti-neoliberalism has become the ideology of the nostalgia left – mostly white guys who miss the Imaginary 1970s. In the Imaginary 1970s, Che berets were cool, FDR’s New Deal had Wall Street Tamed, the White Working Class was Union Strong and Pro-Big-Government,  Regulators were not Captive, the Rule…

  • Explainer: The Obama debt

    Surplus of $128 billion in 2001. The last Clinton budget. Deficit of $1.4 TRILLION in 2009. The last GW Bush budget. Deficit of $457 billion in 2017. The last Obama budget. Where did the money go? When Obama took office the last Bush budget left him with  $150B year over…

  • The bureaucracy of the US Government: DOD Example

      Report: Special Inspector General for Afghanistan Reconstruction This quarter, I must once again reiterate my concerns about the policies of the U.S. Army’s suspension and debarment program. As I have pointed out in our last six quarterly reports, the Army’s refusal to suspend or debar supporters of the insurgency…

  • Their civil liberties and ours – the Snowden left

    In “progressive” America, civil liberties involve generally upper class white men and civil rights are “yes but” afterthoughts. The Ferguson Missouri police department which supports itself with systematic theft from poor people in the guise of fees and traffic tickets  kills an unarmed black teenager and responds to citizen protest…

  • Why don’t progressives care about labor unions?

    Thomas Frank’s interview with Elizabeth Warren includes Warren attempting to balance praise for the President with a completely false critique that is a staple of the Professional Disappointed Left. [Warren] When I think about the president, for me, it’s about both halves. If Barack Obama had not been president of…

  • New York Time’s asks us to feel sorry for AIG shareholders

     I am not arguing that A.I.G. was an innocent in the economic debacle of 2008. But unlike its trading partners, it neither created garbage mortgage securities nor peddled them to unsuspecting investors. Its error — a whopper for sure — was not recognizing that it was the patsy at the…

  • The difference between Progressive Activism and Conservative Republicanism

    One group condemns the Democrats as weak, corrupt captives of Finance and the other side, um, well the same. One side urges voters to turn out for the Republicans and the other side urges voters not to vote for Democrats. One side is nostalgic for the 1950s where there was…

  • Middle East Experts wrong AGAIN.

    The White House Monday confirmed all of Syria’s chemical weapons have been destroyed several weeks ahead of schedule. The destruction was completed by U.S. military and civilian experts aboard the M/V Cape Ray. August 18 2014 We recognize, however, that more sincere defenders of the September 9 deal see great…

  • Sense of humor of economists: Brad Delong edition

    [Adam] Smith claims that the system of natural liberty; with government restricted to the rule of law, infrastructure, defense, and education; is the best of all social arrangements.  Brad Delong. Oh, a government restricted to just those few minor things: judges, cops, laws (such as those determining property rights and…

  • Admit it, Progressives have failed

    On the up side, those days before his first term began were undoubtedly Obama’s best ones. Mentioning them, however, will remind the visitor of the next stage in his true believers’ political evolution: Disillusionment. These words were written by Thomas Frank in July 2014 when African-American approval of President Obama…