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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (558332)4/2/2010 9:11:12 AM
From: jlallen  Respond to of 1575621
 
they're fairly convinced that their taxes are going to rise in the next few years, even though they likely won't.


Don't need to read any further than this ridiculous statement to realize this is completely FOS. But then its Huffington post....which is always completely FOS.



To: RetiredNow who wrote (558332)4/2/2010 11:43:10 AM
From: tejek1 Recommendation  Read Replies (1) | Respond to of 1575621
 
It's the type of group that would likely benefit the most from Democratic governance, with commitments to Social Security, Medicare, and middle-class job creation. But the Tea Party crowd is decidedly sour on the Democratic agenda. Fifty-six percent of Tea Party respondents said they believe cutting spending will create jobs. And while a huge chunk won't see their taxes affected if the Bush tax cuts expire for those making over $250,000, 82 percent think they will, in fact, go up.

I think what we can safely assume is that these people are not very bright.



To: RetiredNow who wrote (558332)4/2/2010 12:03:29 PM
From: RetiredNow  Respond to of 1575621
 
Financial Reform 101

nytimes.com

By PAUL KRUGMAN
Published: April 1, 2010
Let’s face it: Financial reform is a hard issue to follow. It’s not like health reform, which was fairly straightforward once you cut through the nonsense. Reasonable people can and do disagree about exactly what we should do to avert another banking crisis.

So here’s a brief guide to the debate — and an explanation of my own position.

Leave on one side those who don’t really want any reform at all, a group that includes most Republican members of Congress. Whatever such people may say, they will always find reasons to say no to any actual proposal to rein in runaway bankers.

Even among those who really do want reform, however, there’s a major debate about what’s really essential. One side — exemplified by Paul Volcker, the redoubtable former Federal Reserve chairman — sees limiting the size and scope of the biggest banks as the core issue in reform. The other side — a group that includes yours truly — disagrees, and argues that the important thing is to regulate what banks do, not how big they get.

It’s easy to see where concerns about banks that are “too big to fail” come from. In the face of financial crisis, the U.S. government provided cash and guarantees to financial institutions whose failure, it feared, might bring down the whole system. And the rescue operation was mainly focused on a handful of big players: A.I.G., Citigroup, Bank of America, and so on.

This rescue was necessary, but it put taxpayers on the hook for potentially large losses. And it also established a dangerous precedent: big financial institutions, we now know, will be bailed out in times of crisis. And this, it’s argued, will encourage even riskier behavior in the future, since executives at big banks will know that it’s heads they win, tails taxpayers lose.

The solution, say people like Mr. Volcker, is to break big financial institutions into units that aren’t too big to fail, making future bailouts unnecessary and restoring market discipline.

It’s a convincing-sounding argument, but I’m one of those people who doesn’t buy it.

Here’s how I see it. Breaking up big banks wouldn’t really solve our problems, because it’s perfectly possible to have a financial crisis that mainly takes the form of a run on smaller institutions. In fact, that’s precisely what happened in the 1930s, when most of the banks that collapsed were relatively small — small enough that the Federal Reserve believed that it was O.K. to let them fail. As it turned out, the Fed was dead wrong: the wave of small-bank failures was a catastrophe for the wider economy.

The same would be true today. Breaking up big financial institutions wouldn’t prevent future crises, nor would it eliminate the need for bailouts when those crises happen. The next bailout wouldn’t be concentrated on a few big companies — but it would be a bailout all the same. I don’t have any love for financial giants, but I just don’t believe that breaking them up solves the key problem.

So what’s the alternative to breaking up big financial institutions? The answer, I’d argue, is to update and extend old-fashioned bank regulation.

After all, the U.S. banking system had a long period of stability after World War II, based on a combination of deposit insurance, which eliminated the threat of bank runs, and strict regulation of bank balance sheets, including both limits on risky lending and limits on leverage, the extent to which banks were allowed to finance investments with borrowed funds. And Canada — whose financial system is dominated by a handful of big banks, but which maintained effective regulation — has weathered the current crisis notably well.

What ended the era of U.S. stability was the rise of “shadow banking”: institutions that carried out banking functions but operated without a safety net and with minimal regulation. In particular, many businesses began parking their cash, not in bank deposits, but in “repo” — overnight loans to the likes of Lehman Brothers. Unfortunately, repo wasn’t protected and regulated like old-fashioned banking, so it was vulnerable to a pre-1930s-type crisis of confidence. And that, in a nutshell, is what went wrong in 2007-2008.

So why not update traditional regulation to encompass the shadow banks? We already have an implicit form of deposit insurance: It’s clear that creditors of shadow banks will be bailed out in time of crisis. What we need now are two things: (a) regulators need the authority to seize failing shadow banks, the way the Federal Deposit Insurance Corporation already has the authority to seize failing conventional banks, and (b) there have to be prudential limits on shadow banks, above all limits on their leverage.

Does the reform legislation currently on the table do what’s needed? Well, it’s a step in the right direction — but it’s not a big enough step. I’ll explain why in a future column.



To: RetiredNow who wrote (558332)4/2/2010 12:41:59 PM
From: Brumar892 Recommendations  Read Replies (2) | Respond to of 1575621
 
"Old" - people sympathetic to this movement are mostly working and business people, the ones who can attend rallies are going to be disproportionately retired ... thus "old".

"Conservative" - HuffPo of course would find that a bad thing. Most people don't - about 40% of the country calls itself conservative, about 40% independent or centrist, and about 20% liberal.

"Hate Obama" - I see the story really says "More than 80 percent (81 percent) of Tea Party respondents expressed very little approval of Barack Obama's job as president .." For liberals, everyone who doesn't think like them is "hateful" of course.

"Like Fox News" - Fox News has more viewers than the other cable news networks combined so that would be a sign of being mainstream.

Huffpo is an extremist hate site btw.



To: RetiredNow who wrote (558332)4/5/2010 6:42:55 AM
From: Brumar894 Recommendations  Read Replies (2) | Respond to of 1575621
 
Survey: Four in 10 Tea Party members are Dems or independents

By Sean J. Miller - 04/04/10 03:29 PM ET
Four in 10 Tea Party members are either Democrats or Independents, according to a new national survey.

The findings provide one of the most detailed portraits to date of the grassroots movement that started last year.

The national breakdown of the Tea Party composition is 57 percent Republican, 28 percent Independent and 13 percent Democratic, according to three national polls by the Winston Group, a Republican-leaning firm that conducted the surveys on behalf of an education advocacy group. Two-thirds of the group call themselves conservative, 26 are moderate and 8 percent say they are liberal.

The Winston Group conducted three national telephone

......
thehill.com



To: RetiredNow who wrote (558332)4/5/2010 3:13:45 PM
From: Brumar891 Recommendation  Read Replies (1) | Respond to of 1575621
 
Tea Party 48% Obama 44%

Monday, April 05, 2010

On major issues, 48% of voters say that the average Tea Party member is closer to their views than President Barack Obama. The latest Rasmussen Reports national telephone survey found that 44% hold the opposite view and believe the president’s views are closer to their own.

Not surprisingly, Republicans overwhelmingly feel closer to the Tea Party and most Democrats say that their views are more like Obama’s. Among voters not affiliated with either major political party, 50% say they’re closer to the Tea Party while 38% side with the President.

The partisan divide is similar to that found in the President’s Job Approval Ratings and on the Generic Congressional Ballot.

.....
Eighty-seven percent (87%) of those in the Political Class say their views are closer to the president. The Obama Administration has created a significantly larger government and political role in the economy.

Sixty-three percent (63%) of Mainstream Americans say their views are closer to the Tea Party.

Last week, Rasmussen Reports released data showing that 47% of voters felt closer to the views of Tea Party members than to Congress. Only 26% felt closer to Congress.

........
rasmussenreports.com



To: RetiredNow who wrote (558332)4/5/2010 5:13:08 PM
From: Brumar89  Read Replies (1) | Respond to of 1575621
 
The difficulty of demonizing the Tea Partiers: less than six degrees of separation

The word has gone out that, now that HCR has been passed and President Obama is spending his precious time going around the country to “sell” it, the Tea Partiers must be further demonized in any way possible, including of course that perennial favorite, the race card.

But if the Tea Partiers hadn’t already been discredited, it’s not for lack of trying. From the start they were mocked as hate-filled extremists and racists, and given the sexual epithet “teabaggers” as their name instead of the honorable and historically-based one they devised for themselves. They were considered to be similar to those “bitter clingers” Obama had described during his 2008 campaign to supporters in San Francisco.

The idea was (and still is) that, if the ad hominen attacks can be made to stick, the substance of the Tea Party message could be discarded
, and the hope of the administration and its supporters was/is that more Americans would be dissuaded from joining up with this bunch of crazy racists.

With a willing press as co-conspirators (or at least cooperative in the coverup), proof was not necessary, and accusations could be made up. Right out of the Alinsky handbook. But what did we expect when we elected a president who had taught Alinsky methods in workshops?

One of the many things the Democrats may have forgotten, however, is that (outside of true-blue monolithic liberal bastions such as Berkeley and NYC), most people actually know a few Tea Partiers
, and are aware of who and what they are, and what they are actually protesting, and why. What’s more, those who attend a tea party can report on what they saw there, and they’re not reporting anything like what the media and Democratic leaders are describing.

And, because the Tea Parties are actually rather sedate except for cries of “Kill the bill!” (the ones I attended featured such radical acts as singing “God Bless America”), the would-be demonizers are having trouble finding much evidence for their accusations.
Mark my words, however: if they don’t find more of them, they will have to invent them. And they will have no moral reservations about doing so.

There may not be a lot of people attending Tea Parties in terms of percentage of the population of the US. But every person who does attend stands for a host of others who sympathize but do not. It’s easier to demonize a fake populist movement. But it’s much more difficult to successfully demonize a real one.

And the Obamites know this one’s real. That’s why they fear it so.


neoneocon.com

.....
expat Says:

April 3rd, 2010 at 5:54 pm
When I attended my high school class reunion last summer i learned that several classmates had attended town hall meetings and were very skeptical of the Democrats’ plans. One couple in particular is my only insight into the kind of people attending the Tea Parties. They have been together since 9th grade and are as sensible and decent as any people I have ever known. They don’t have Ivy League law degrees, but they are educated and they are the rocks on which our country is built. I am outraged that Chicago thugs and Washington parasites try to discredit them.

.......
gcotharn Says:

April 3rd, 2010 at 7:28 pm
In matters of politically correct accusation (Raaaacism! et al), most accusers are conducting political warfare, and are not searching for truth. I suspect my instincts are common to many people: it’s difficult to really let it sink into my bones that they do not care about case-specific evidence and they do not care about truth. I can read neo saying it, I can tell it to myself, yet it’s hard to internalize it and then to keep it internalized. The accuser’s purpose is to use generalization as ammunition, attack as tactic, and to conduct political warfare. I tell myself this, yet continually slip back into an unconscious habit of believing their purpose is to suss out truth. It is not. They are conducting political warfare. They are at war.* If I don’t realize it, then I am a chump.

......
......
SteveH Says:

April 4th, 2010 at 6:36 am
The reason a leftist can’t have a real conversation is because accepting the premise of real-ity,they know, destroys their assertions.

They don’t need to factually know tea partiers are by and large racist. They need to “feel it” as a form of self defense. Or else they are faced with the dillema that they actually are sanctioning stealing from segments of the population, and undeservedly so.

......
Richard Aubrey Says:

April 4th, 2010 at 7:14 am
I live along what is known variably as “the I75 corridor, the UAW corridor, the commie corridor” in Michigan.
There have been no Tea Parties, to my knowledge, within a hundred miles of me.
With the exception of a few professionals–Land Conservancy full timers, etc, and some self-deluding ignoramuses who are related–everybody I can think of–whom I know well enough to judge–is a Tea Partier at heart.
I should subtract a few BDSers who have to continue their views for consistency’s sake and insist that Tea Parties are Boooosh. Otherwise, they’d have nobody to hate.
So, say, eighty percent of the people of whom I know enough to judge are Tea Partiers.
Overhear people at work, on the street, odd comments from vendors or customers who are fencing just a bit, but not keeping everything to themselves.

To make an analogy, following the Viet Nam years, some military and political leaders decided that having the Reserve component fully involved in future wars would increase the connection between the population at large and the folks at risk, decreasing belligerent jingoism. Not like fighting the war with regulars whom nobody knows.
Turns out not to have worked, afaik, but it does mean you can’t smear the grunts any longer. They’re us. Or, to put it another way, they’re the parents of the guys you’re smearing.
My son was about twelve during the Gulf War and had a hard time at our local mall. The proprietors had erected a “Wall of Honor”, featuring letters from the guys overseas and pictures and unit flags and so forth.
He was outraged when I told him that, during the Viet Nam war, it would have taken armed guards to protect the thing from the hippies, lefties, liberal protestants, and democrats.
So hauling in the Reserve component cost the left one of their tactics, or at least one of their recreations.
Ditto–coming back to the point at last–with the Tea Parties.
They’re us. Smear them, you’re smearing us. Me.

And, to address another point, there’s no point in addressing the smears as if the left actually thinks this stuff. They know better. They’re lying. But it’s a useful distraction if the rest of us react in the normal fashion, i.e. try to make cnvince them that they’re factually wrong but presuming they’re arguing in good faith.
They’re lying. They know they lie. Taking them as if they’re arguing in good faith, even reflexively, is giving them an advantage.



To: RetiredNow who wrote (558332)4/5/2010 7:37:32 PM
From: Brumar893 Recommendations  Read Replies (1) | Respond to of 1575621
 
Tea party supporters look like America:



Tea Partiers Are Fairly Mainstream in Their Demographics

Skew right politically, but have typical profile by age, education, and employment

by Lydia Saad
Page: 12

PRINCETON, NJ -- Tea Party supporters skew right politically; but demographically, they are generally representative of the public at large. That's the finding of a USA Today/Gallup poll conducted March 26-28, in which 28% of U.S. adults call themselves supporters of the Tea Party movement.

Affiliation With Tea Party Movement

Tea Party supporters are decidedly Republican and conservative in their leanings. Also, compared with average Americans, supporters are slightly more likely to be male and less likely to be lower-income.

Profile of Tea Party Supporters -- Areas of Divergence From National Adults

In several other respects, however -- their age, educational background, employment status, and race -- Tea Partiers are quite representative of the public at large.

Profile of Tea Party Supporters -- Areas of Similarity to National Adults

A Uniformly Negative Reaction to Health Bill

Over the past year, Tea Party movement activists -- originally kindled by grass-roots opposition to the economic stimulus bill and taxpayer bailouts of homeowners -- came out strongly against the Democrats' national healthcare reform plans. That stance is evident in the latest USA Today/Gallup poll, in which 87% of Tea Party supporters -- versus 50% of all Americans -- say they consider passage of healthcare reform a bad thing.

While opposition to the healthcare bill is perhaps the most distinctive characteristic of Tea Party supporters in the new poll, their views on abortion are also notable. Nearly two-thirds consider themselves "pro-life" on the abortion issue, compared with 46% of all national adults.

Profile of Tea Party Supporters -- Issue Stances

More generally, a separate question included in the March 26-28 poll showed that 37% of Americans view the Tea Party movement favorably and 40% unfavorably, with the remainder expressing no opinion. Predictably, Republicans and conservatives are most likely to have favorable opinions.

Survey Methods

Results are based on telephone interviews with 1,033 national adults, aged 18 and older, conducted March 26-28, 2010. For results based on the total sample of national adults, one can say with 95% confidence that the maximum margin of sampling error is ±4 percentage points.

Interviews are conducted with respondents on land-line telephones (for respondents with a land-line telephone) and cellular phones (for respondents who are cell-phone only).

In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.

gallup.com