There is no intrinsic contradiction between providing additional fiscal stimulus today, while the unemployment rate is high and many factories and offices are underused, and imposing fiscal restraint several years from now, when output and employment will probably be close to their potential.

Douglas Elmendorf, director of the Congressional Budget Office
Please print out in the largest font convenient and post along with a similarly dimensioned sign saying Money is not real

The Unemployed can Go Die in the Streets

In which thebroadermarket summarizes a theoretical, GOP-derived wonderland that we here at Lemkin refer to as “Go Die in the Streets”:

Thus, one is left with a situation in which the unemployed would find few opportunities for work, while simultaneously seeing their social safety net dry up. Meanwhile, the lucky employed would see the security of their labor jeopardized at the expense of allowing the financial marketplace to continue to operate relatively uninhibited. I am not one prone to hyperbole, but this just seems like a raw deal.

Read the whole thing

I am prone to hyperbole. But that would be shrill.

You’re aware of death your whole life, constantly sweeping it under the rug and eventually it happens; you just have to hope as painlessly as possible. I once said in a movie that the nicest thing you could wish for is to say goodnight to your loved one, say ‘We’ll go to the museum tomorrow,’ then never wake up again.
[When I die] I’d like to be cremated, and I want no fuss. I would not like a memorial by well-meaning friends, or to be mourned. I’d like to be forgotten as quickly as possible.

Woody Allen

In the first phase, the financial crisis, the government screamed, and did everything it could to rescue the economy. In the second phase, when the financial crisis became a demand crisis, the public screamed, and the government did quite a lot – though not enough – to help. But as the demand crisis reveals itself as a persistent jobs crisis – the third phase – we’re getting used to it, and Senate Republicans are turning their attention to the midterms, [and] we just settle into a new, awful, and unnecessary normal.

Ezra Klein, explaining the current state of affairs. All I have to add is: Yep.

Yet Another Jefferson

Thomas Jefferson: Believing with you that religion is a matter which lies solely between man and his God, that he owes account to none other for his faith or his worship, that the legislative powers of government reach actions only, and not opinions, I contemplate with sovereign reverence that act of the whole American people which declared that their legislature should ‘make no law respecting an establishment of religion, or prohibiting the free exercise thereof,’ thus building a wall of separation between church and State.
Sharon Angle: Thomas Jefferson has been misquoted on church and state.

Some other Thomas Jefferson

Thomas Jefferson: The priests of the different religious sects dread the advance of science as witches do the approach of daylight, the day will come when the mystical generation of Jesus, by the Supreme Being as his Father, in the womb of a virgin, will be classed with the fable of the generation of Minerva in the brain of Jupiter […] we may hope that the dawn of reason and freedom of thought in these United States will do away all this
Sharon Angle: Thomas Jefferson has been misquoted on church and state.

I know at least 7 [GOP] senators, who I will not name, but were made to make a commitment under threat of losing their chairmanships, if they did not support the leadership on every procedural vote, every single thing we did, from the important to the not so important, required (for the first time in modern American history) […] required 60 votes. All the sudden a majority became 60 instead of 50

Joe Biden, reflecting on GOP obstructionism.
I’d argue in a similar vein as Yglesias: it’s not remarkable at all that the GOP extracted this kind of stern loyalty. What’s remarkable is that The Democrat did not. Not even on procedural votes can Democratic Leadership count on the caucus voting in lockstep (and then being free to vote their conscience on final passage).
Likewise, such fealty is also not required on keystone issues such as healthcare insurance reform, or more recently on FinReg. Say what you will about whether or not Feingold is in the right by withholding his vote for FinReg (in favor of some theoretically better but functionally nonexistent “other bill”), the fact of the matter is that in so doing, he’s empowered Code Brown to set the agenda for FinReg, and The Democrat has dutifully sent the bill to the American Taxpayer instead of the largest banking interests in the world. And now will get to take the blame for it. Because, rest assured, the GOP will run on that. And won’t be troubled in the least by the facts that they were directly responsible for that change and many, many others just like it. The facts do not matter.

GOP Reaps No Outrage

jonathan-cunningham:

Let me see if I have this straight: in the last few days members of the GOP have savagely screwed the unemployed, protected the bankstas, trashed Thurgood Marshall, implied rape and incest is part of God’s plan, defended BP, threatened to either end social security or screw over 20 million plus people who have paid into the system for at least 20 years by making them wait until age 70 to see their benefits, and screwed homeless veterans with children. That about it, or is there more?

You can rest assured that there’s more, it’s just not what you may have been expecting. The real outrage? That The Democrat has made an issue of no part of any of this. Not even slightly. Instead, they’ve acceded to the demands of the minority. Over and over and on every issue listed there. And, in so doing, directly contribute to the seeds of their own electoral destruction.

Oh how we’ve all grown tired of hearing the same rhyming statements that defenestrate the GOP on any one of these issues every time a microphone has been switched on. Right? Oh how we’ve grown tired of the GOP repeatedly being forced to vote against jobs, or bank reform, or Wall Street reform, or BP reform, or the notion that rape isn’t part of God’s plans, or any of the rest of it. Right?

This is why we fail. Every time.

GOP Reaps No Outrage

Won’t Somebody Think of the Fatcats?

FinReg Conference Committee headed back to the table:

In an extraordinary move aimed at winning over reluctant Republican senators, the top Democratic negotiators on the Wall Street reform bill will reopen the conference committee Tuesday to swap out a controversial $19 billion tax on big banks, according to House and Senate aides.

Yes, you read that right. Fresh off nearly destroying the global economy, fresh off being bailed out to the tune of trillions of dollars, fresh off the entire affair being compared to “an ant” by Boehner, the GOP is again moving the goalposts (and being allowed to do so by Democrat asshat enablers, which on this occasion includes Russ Feingold (D-Wis.); thanks a lot, and I hope you enjoy your years in the minority).
The banksters just can’t be held accountable for any amount money, no matter how small, no matter how justified, no matter how directly related to their own future operations. Not even a relatively paltry $19 billion that’s intended to bail their sorry asses out in the not-too-distant future. Nope. That’s also coming out of your ass, American Taxpayer. Hope you enjoy it. The GOP got it just for you. Because you’re special. See you in 2010.