Day: August 24, 2011

The problem is I’m older now, I’m 40 years old, and this stuff doesn’t change the world. It really doesn’t. I’m sorry, it’s true. Having children really changes your view on these things. We’re born, we live for a brief instant, and we die. It’s been happening for a long time.[…] These technologies can make life easier, can let us touch people we might not otherwise. You may have a child with a birth defect and be able to get in touch with other parents and support groups, get medical information, the latest experimental drugs. These things can profoundly influence life. I’m not downplaying that.

But it’s a disservice to constantly put things in this radical new light — that it’s going to change everything. Things don’t have to change the world to be important.

Steve Jobs, talking to Wired in 1996.

Fallows on the GOP and Taxes

James Fallows weighs in on the GOP finally finding a tax hike they love, the elimination of the Obama-initiated payroll tax “holiday” that would affect every employed individual in the country:

I had thought that Republican absolutism about taxes, while harmful to the country and out of sync with even the party’s own Reaganesque past, at least had the zealot’s virtue of consistency. Now we see that it can be set aside when it applies to poorer people, and when setting it aside would put maximum drag on the economy as a whole. So this means that its real guiding principle is… ??? You tell me.

You answered your own question, James. The increase would not impact the core constituency of the GOP, the top 2% of all earners. Most of their income isn’t touched by payroll tax rates anyway. Likewise, dumping this temporary and stimulatory tax break on January 1, 2012 puts “maximum drag on the economy as a whole.” The GOP sees that as a feature of this stance, not some arbitrary outcome. That such a position comes from the unitary “we pledge allegiance to no tax hikes of any kind, ever” club is also unsurprising. They only expressed interest in extending the Bush tax cuts if and when said extensions protected the cuts for the wealthiest 2%, who had already benefited asymmetrically from said imminently expiring tax policies.

The GOP has been working with single-minded focus towards the worst possible policy outcome(s) for more years than Obama has been in office. They dislike government. They want it to fail, and barring that outcome at best appear grossly ineffectual. Holding a lesser fraction of the total DC power structure only makes it easier to sand the gears and mutter “wha happened?” to an all too pliant media, the most popular outlet of which is firmly in their corner. The GOP machine is most certainly not going to stop now, especially not when they can needlessly prolong the economic suffering of millions of Americans for years in exchange for some short-term political gains and do that in a way that minimally impacts their core constituency: the top 2%. This is who they are.

Fallows on the GOP and Taxes

…first a Keynesian observes that fiscal stimulus can increase growth in a depressed economy. Second, as an attempted reductio, a conservative says “if that was true, then you could increase growth by breaking a bunch of windows.” Third, the Keynesian accurately points out that you could, in fact, increase growth by breaking windows. Fourth, the conservative accuses Keynesians of wanting to break windows or believing that window-breaking increases wealth. But nobody ever said that! The point is that we have very good reasons to think smashing windows would be a bad idea—there’s more to life than full employment—and that’s why Keynesians generally want to boost employment by having people do something useful like renovate schools or repair bridges.

Matt Yglesias, leaving out the next line in the exchange; the one where the conservative screams “that’s socialism,” makes a lot of unfounded claims about runaway spending, and then says government initiated stimulus has never worked, and most especially never worked in the guise of the colossal stimulatory effect of government spending to fight WWII. That recovery was the either “power of the markets” or “the markets anticipating Reagan and ‘morning in America.’” As usual.