Skip to comments.Oh really Mr.Reptilian Republican?
Posted on 08/30/2012 6:30:27 PM PDT by RaisingCain
Oh Really Mr. Reptilian Republican? By Karl Denninger (8/30/2012)
Last night was a spooge-fest at the RNC; one of the more-common lies was Ryan's:
Before the math and the momentum overwhelm us all, we are going to solve this nations economic problems, Ryan said. And Im going to level with you. We dont have that much time. But if we are serious, and smart, and we lead, we can do this.
Oh really Paul?
Paul Ryan, for those who have been living in a cave for the last couple of years, has put forward two separate "budgets" that are nothing more than mythical claims just as are Obama's Unicorn-laden promises. The premise that we can somehow magically return to 5% GDP growth on a sequential basis for 30 years when the last 30 was all powered by debt expansion rather than production is a pure farce.
Never mind that an unbroken 30 year real expansion is fantasy-land material anyway; it presumes no recessions, no policy mistakes, no business cycles and no outside forces that might get in the way. It is thus the sort of thing that only exists in the movies -- or in Lyin' Ryan's mind.
The lies came especially-thick when it came to Medicare:
(Excerpt) Read more at market-ticker.org ...
Is it ok to ask : Where is the Democrats Budget.
This turkey doesn’t like Ryans Budget,but at least Ryuan has presented one.
I would ask the RNC to look into whether Denninger was the one who handed his credentials to those Code Pink protesters who tried to shout down Ryan last night.
What happened to your last Denninger post?
I commented on it mere minutes ago and poof! It’s gone.
Methinks you’re pissing off someone you shouldn’t oughta be pissing off.
“Last night was a spooge-fest at the RNC”
If you’re going to behave like a 5th-grader, you have to sit at the children’s table where you belong.
But if we did those things, we could achieve sustained 5% growth. Easy-peasy-lemon-squeezy. But we need to get real about growth. And that's the problem. We won't get serious about growth, because millions of idiots can't draw a line between, say, Obama's blocking Keystone and getting their promised SSI check. They can't see the connection between Obama's war on cheap, abundant and all-American coal and the yawning deficit disaster.
The problem is political. The problem is not, as it were, economic-structuarl.
This guy is all over the place politically. Looks like a libertarian with occupy tendancies. Was allegedly part of the early Tea Party movement, but voted for Obama and approves of the Occupy Wall Street gang. See http://en.wikipedia.org/wiki/Karl_Denninger
“What happened to your last Denninger post?
I commented on it mere minutes ago and poof! Its gone.
Methinks youre pissing off someone you shouldnt oughta be pissing off.”
Mod said I quoted too much of the article, to repost if I wanted but with an excerpt.
“This turkey doesnt like Ryans Budget,but at least Ryuan has presented one.”
Ryan presented a budget that wasn’t a budget. It runs on the premise of 2 percent unemployment and incredible growth to “grow,” not cut, our way out of debt in about 30 years. He does not actually cut pending, but just transfers spending from one pocket to another.
It is a meaningless budget, and is the same as presenting no budget.
“I think the author is wrong. We can do this. But we have to get serious about growth. Give up adolescent dreams of abundant Unicorn Powered Electricity. Get real. Forget the destructive AGW meme. Frack and drill baby drill. Throw open Gulf and California coastal drilling. Encourage the conversion of the truck fleet to burn NG, and build LNG plants to export our excess. Encourage new coal fired plant construction. Build 100 new nukes and finish Yucca Mountain. Build Keystone before the Chicoms get the bottomless Tar Sands oil. End wasteful ethanol subsidies. Upgrade the electrical transmission infrastructure. Repair all bridges and roads. Implement a flat tax and kill the cancerous Tax Code. Bump up the retirement age for SSI. Repeal Obamacare and replace it with sane insurance reform. The list could go on and on.
But if we did those things, we could achieve sustained 5% growth. Easy-peasy-lemon-squeezy. But we need to get real about growth. And that’s the problem. We won’t get serious about growth, because millions of idiots can’t draw a line between, say, Obama’s blocking Keystone and getting their promised SSI check. They can’t see the connection between Obama’s war on cheap, abundant and all-American coal and the yawning deficit disaster.
The problem is political. The problem is not, as it were, economic-structuarl.”
The problem is economic-structural-political. We cannot “grow” our way out of a problem that is increasing exponentially every year. The Republicans and Democrats think they can control everything with the power of government, thinking we can do healthcare public-private exchanges and guarantee insurance for every living person in the country, regardless of how they’ve lived their lives or even if they bothered to have coverage in advance of their bodies beginning to fall apart. We cannot afford it. And, on top of that, we don’t even allow a real market based solution to the health industry. I posted these articles from Denninger since he explains it so well how the medical industry is essentially in bed with the government, specifically designing the system to control prices and remove real competition in the market. You CANNOT open up your own practice and undercut the prices of your competitors because your competitors have a system in place that keeps people like you who don’t play ball out of the game. Same thing with prescription medications, which not too long ago I could get from Mexico for a fraction of the price and without paying hundreds to a doctor. But, of course, we are not allowed to even export medicines from outside the country. It’s all carefully controlled, and the government/politicians have aided and abetted in this, and then, we have this disease, and they offer “cures” that involve billions of more dollars in spending and even less control over our own rights.
ObamaCare/RomneyCare, claiming to be “cures” for the skyrocketing costs of healthcare, actually only escalate the problem... and this will lead to price controls by government appointed bureaucrats which will crash the insurance industry and then a single payer system, which in turn, if we do not collapse before then, skyrocket the debt and the power of the government.
We can easily have 5% growth if we cut back regulation, and start producing real wealth again. The 200 trillion dollars worth of oil and gas on federal lands is a good place to start.
“We can easily have 5% growth if we cut back regulation, and start producing real wealth again. The 200 trillion dollars worth of oil and gas on federal lands is a good place to start.”
Doesn’t even matter, as in 30 years the 5 percent growth will have gotten crossed over by costs in the healthcare system/social security that is sky rocketing beyond all fables and dreams. Ryan also is hoping on 2 percent unemployment rate as well. And then the oceans receded and the sun got cooler!
Another fake “Conservative” fraud trying to hid their faithful allegiance to the O propaganda machine.
2006 Last Bush/GOP Congress Federal Deficit $160 billion
2010 Last O and Dem congress Federal Deficit $1.6 Trillion
Even this brain dead Liberal should be able to do that much math.
In 30 years the baby boomer (me included) will mostly be dead, and the costs will go way down.
So Ryan who is 70% on our side is slammed while YOU feverishly work to reelect 0 who is 100% opposed to everything you CLAIM to be for.
Are you really this much of a complete political idiot?
“Another fake Conservative fraud trying to hid their faithful allegiance to the O propaganda machine.
2006 Last Bush/GOP Congress Federal Deficit $160 billion
2010 Last O and Dem congress Federal Deficit $1.6 Trillion
Even this brain dead Liberal should be able to do that much math.”
Denninger is a uber-libertarian, not a conservative. Republicans voted to increase the deficit as well. TARP, the Stimulus, so on and so forth.
“So Ryan who is 70% on our side is slammed while YOU feverishly work to reelect 0 who is 100% opposed to everything you CLAIM to be for.
Are you really this much of a complete political idiot?”
Ryan can be 99 percent on our side, and yet the economy will still collapse because no one has a serious plan for the debt and entitlement programs. The Republicans are currently campaigning on SAVING medicare from Obama, thinking they can better manage the decline. No one is talking about social security anymore either. It is all just one big fraud. False promise after false promise, and they continue to go on as normal.
So you are helping elect a team that is 100% opposed to everything you claim to be for out of pure spite and rabid political ignorance. That is childish. NO ONE in life is EVER perfect. Screaming in hysteria because you cannot have only 100% of what YOU want and 0% of what you oppose, is the behavior of a child, not an adult.
“In 30 years the baby boomer (me included) will mostly be dead, and the costs will go way down.”
And before that, they’re going to go up, and we won’t have a country anymore to get 30 years hence.
“So basically YOUR candidate did not win the nomination so now you are going to spend ALL you time trying to defeat the team who DID win because they are not 100% pure to your emtional opinions.”
You’re projecting. I have not had one single emotional spark during this entire thread. You are mad at me because I point out that the medicare and other entitlements are provably unsustainable and neither party has a legitimate plan, meanwhile we don’t have 30 years to hope and change our way without real reform, which Mittens and the GOPe won’t touch because they consider it political suicide. But unless someone talks about it and unless it happens, it doesn’t matter who is in power. The collapse will still come, as we cannot maintain our promises or the “good parts” of ObamaCare the GOPe wants to keep to bribe the moderates.
And what does that have to do with the thread? What you’re experiencing right now has a name. It’s called Cognitive Dissonance. Right now you’re imposing a new “reality” on your world view to alleviate dissonance.
Nope. I’m calling a spade a spade.
All these erstwhile “conservatives” have gotten sucked into the hype and glitz (yet again) of a GOP convention designed to keep people thinking and believing that the GOP a) has a solution, b) that the GOP is going to cut spending, and c) that the GOP establishment gives a rat’s rear end what “the unwashed” think about politics.
It’s obviously working, because those of us who have the brain power to point out the facts are getting all manner of ad hominem attacks without any reason behind them. When people keep championing Ryan as some sort of budget cutter, all we thinking people need to do is point out that he voted to increase the welfare state by the most since LBJ when he voted for Medicare Part D. That’s it right there: A clear-cut litmus test whether someone is a fiscal conservative or not.
But let’s not stop there.
Did Ryan vote for TARP? Yes.
Did Ryan vote to bail out GM and Chrysler? Yes.
Some fiscal conservative.
I’ve read Denninger’s blog for over 4 years. As a financial analyst and economic prognosticator, he has few peers, and that’s why I still read him every day.
However, his political sense is, at best, questionable. Yes, he properly calls out liars and frauds of all political stripes. But he only criticizes, he never seems to understand that no person or politician is perfect. Is Ryan perfect? No - but at least he’s put forth a plan to get us moving in the right direction. Probably we’ll need to move more quickly than Ryan’s plan suggests - because Denninger is 100% correct that we’re in a world of hurt. But where is Obama’s plan (the guy Denninger voted for, by the way, despite numerous posters on his blog telling him that Obama would be a disaster)? Denninger rarely addresses this though, to give him some credit, I’m certain he won’t be repeating his mistake. Denninger had a political love interest in Libertarian Gary Johnson for a while, but has recently become disenchanted with him. Denninger’s chief problem here is political immaturity - because he simply doesn’t understand that NO ONE gets everything they want, and then gets ticked off about it. He needs to comprehend that we have only 2 roads that we can realistically travel down, one with an acceleration of the present disastrous course, the other a reversal of course, even if not perfectly executed or even envisioned. I choose the latter, and have long since stopped listening to Denninger’s hyper-criticism of all sides.
“Republicans voted to increase the deficit as well.”
THe last Rebublican budget in 2007 had a $200 billion deficit.
The Pelosi/Reid/Obama team made that 5X worse, exceeding $1 trillion every year of Obama’s years in office.
Which is worse?
It is fraudulent to say ‘they both do it’ and not include that Democrats are doing it 5X worse.