10 June 2012

If this be ‘betrays’, ¡let's everbooby make the most of it!


Dear Dr. Bones,

Factious double-standardizing has been known before this, I believe, to defeat itself.   But decide for yourself, please, sir:

Romney campaign betrays America again
somervilletom | Sun, Jun 10, 2012 12:50 PM EST

I find this rather shocking ... and I don't recall anything like it happening before. - promoted by david

(( ... quick snip to the bottomline ... ))

This brazenly delusional and flagrantly political attack on President Obama — in a foreign language and in a leading foreign newspaper — in the midst of a delicate, fragile, and enormously important diplomatic crisis is despicable. Mr. Romney and all Americans should be ashamed and appalled.


A splendid time to check on how the pet google is coming with her German

(( fold here ))

Do not learn from America
by Glenn Hubbard
06.09.2012, 14:27 clock

[Ed.] The adviser to Republican presidential candidate Mitt Romney, Glenn Hubbard explains in his commentary, why Obama is on the wrong track and save the path for sustained growth.

The European debt crisis threatens the growth in the euro zone and in the world. This crisis is observed in reality a crisis of confidence, and any attempt to solve this need. Unfortunately, the advice of the U.S. government going to solve the crisis is misleading. For Europe and especially Germany.

In a hitherto unusual ways the Obama administration tries, Germany to force them to stand up for financially-strapped governments and banks in the euro-zone, so that the Greek crisis infects not other states. Specifically, calls the U.S. Treasury-Bond €. This would mean that Germany guaranteed the debt for all members of the monetary union. It also calls for the recapitalization of insolvent banks on the Spanish rescue fund ESM and the purchase of government bonds of weak countries by the European Central Bank (ECB) in a big way.

These tips are not only unwise. They also reveal ignorance about the causes of the crisis and on a growth path into the future.

Low interest rates in the euro area had led to a boom in private and public credit in many states. This debt reveals the imprudent fiscal policy, which was made in the currency union. The public finances were hardly controllable. In addition, strong differences in competitiveness led to current account surpluses in countries like Germany and large deficits in countries such as Greece. MORE GROWTH WOULD GENERATE IF the financially ailing euro-zone COUNTRIES WOULD REDUCE THEIR SPENDING (AND THEREFORE THE FUTURE TAX BURDEN).

Euro Bonds be considered in the U.S. as a solution to the European debt crisis in the sense of Hamilton. This refers to America’s first Treasury Secretary Alexander Hamilton, who advocated independence after the war to take over the debts of the American states by the federal government. This bold step, improved confidence in the financial strength of the new republic. But that was a one time thing.

The federal government has not followed the loans granted to individual states in the long run.

Und so weiter, all the intelligible parts being exactly what one would expect from an Andrew Mellon Republicanine and apologist for Late Baincapitalism.

Paddy especially liked the sentence EMphaSIZED. Play it again, Fritz:

Mehr Wachstum ließe sich erzeugen, wenn die finanziell angeschlagenen Euro-Länder ihre Staatsausgaben (und damit die künftige Steuerbelastung) reduzieren würden.

Closer to home, "brazenly delusional and flagrantly political" is not, I presume, to be understood to imply that Dean Hubbard does not believe every word of his own Party stuff, devoutly and in all known languages.

As for "rather shocking ... and I don’t recall anything like it happening before," well, Paddy would like to think that exuberance was more like an inadequately prepared ‘Casablanca’ reference rather than ... like anything else.



(( ¡Hubba, Hubba! ))

Happy days.
--McShameless

On the other hand, Comrade Perry deserves at least some credit for not solemnly guffing us about the Logan Act of 1799 in the manner traditional on such occasions.

As far as Paddy and Eye can see, the only value added--subtracted, really--by the Guardian piece goes like this:

The op-ed drew immediate criticism from Obama officials. "In a foreign news outlet, governor Romney's top economic adviser both discouraged essential steps that need to be taken to promote economic recovery and attempted to undermine America's foreign policy abroad," said Ben LaBolt, press secretary for Obama's re-election campaign.

There is a lot of difference between "to undermine" and "to betray," yet still not as much as one wishes there were,

Happy days.
--JHM

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