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The Spectacle Blog
Drudge has turned Harry Reid into a laughingstock by featuring this video, in which Reid claims he averted a worldwide Depression:
Of course it’s a ludicrous proposition. But then again, it is the premise underlying the usual defenses of TARP and the stimulus bill. To take just one of thousands of possible examples, here is White House press secretary Robert Gibbs making a very similar case just a few weeks ago:
The White House counters that the stimulus program gave the economy a boost at a critical time and may have averted a catastrophe.
“Sometimes doing what’s right with the economy doesn’t poll well,” said press secretary Robert Gibbs. “My hunch is it wouldn’t poll well if we were in a Great Depression.”
The assumption that the counterfactual to the implementation of TARP and the stimulus would have been a Depression or near-Depression scenario is standard for the estimates of the efficacy of those programs that have been widely cited — for example, the Congressional Budget Office’s 3 million jobs “created or saved” figure, or the Blinder-Zandi study that drew so much attention.
I’m not sure why it’s considered lunacy when Reid articulates this assumption, but not when it is widely used in the presidents’ messaging and in commonly-accepted studies.
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More Blog Posts by Joseph Lawler
http://spectator.org/blog/2010/10/22/harry-reids-great-depression
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ggoblue| 10.22.10 @ 1:29PM
its like the 12 days of christmas....the hits just keep coming even faster that we can read them....the liberals are eating their own and at the same time chewing themselves out of the snare that is obama...
11 days of this merriment and then christmas in november....the morning after!
Al Adab| 10.22.10 @ 1:48PM
Not exactly Henry Clay is it? Gotta love these guys, their egomania is beyond belief.
MANEESH INNANI| 10.22.10 @ 2:49PM
Hi Harry
I dont understand why outsourcing bill wont be cleared.. As I know I worked in Boston physically from 95-2001. And while I worked I enjoyed... Now I see 10 Million indians want American Jobs. This is apart from $2 Billion revenue earned by TATA Consultancy or Infosys or Cognizant or any company. They are not respecting american expereience and keep hiring people and disturb american people. Please contact me on my email address and phones if required for more details..
I strongly support the bill even though I live in India. Since I am also displaced by this job movement.
Cheers
Wishing you the best, Hope other senators like charles or other states and Obama also support you and you are able to convince them
Maneesh Innani
injmaneesh@hotmail.com
Francis| 10.22.10 @ 4:15PM
ILLEGAL IMMIGRATION is here to haunt us all and its plague has permeated every corner of the United States. This subject is not just a grave job threat in principle cities, but has broadened to every neighborhood. Voting for Liberal Democrats as Senator Harry Reid of Nevada will summon millions more illegal aliens to break into America. Returning Insider Incumbents will convey another immediate--economy killing AMNESTY.Harry Reid is a liar and has been involved in questionable practices. Hey Harry, your state has the worst unemployment and the most foreclosures in the country. Many are protected illegal aliens who were able to get low or no payment mortgages from HUD, with limited paperwork to qualify them. The laissez-faire fringe press that is associated with editors at the Huffington Press, Los Angeles Times is bountifully supplied with money from Billionaire George Soros. He is using his influence to corrupt our children in our schools and even our churches with his Socialism dogma, which has devastated countries like France and Greece.
Newspapers that always term--ILLEGAL ALIENS, as "Undocumented or simply Immigrants or non-citizen" rather than the truth as criminal illegal aliens, always stand out as the Liberal medium and its editorial authors as open border zealots. These types of newspapers attempt calculatedly confuse this issue. The Los Angeles Times corporate headquarters is in the Sanctuary City as numerous other Liberal oriented presses situated in Denver, New York and Chicago and maybe seventy others. The Liberal presses have occupied themselves with sob-stories about illegal aliens, or pointing to the virtues of the invasion. The reality is ILLEGAL ALIENS ARE TAKING JOBS FROM YOU, in both blue and white collar jobs and across the board. Many have filtered into Trade Unions and these jobs have been accepted by personages like AFL-CIO President Richard Trumka and others. In his Socialist thought process Trumka has determined for his union that the unauthorized status of an illegal alien participation doesn't matter.
Regrettably the regular union labor has almost no say in the matter and I as a blogger, became quickly "Persona non-Gratis" and no longer allowed to place any commentary on their website about this incendiary issue. Confidently my hope is that Union members have not fully been indoctrinated by the Union bosses, and are aware that their Guild dues are used for the good of Liberals. Union fees going Senator Reid (NV); Boxer (CA); Feingold (WI); Bennett (CO); Inouye (HI)Lincoln (AR)); Mikulski (MD); Gillibrand (NY); Schumer (NY) Wyden (OR) Leahy (VT); Murray (WA) and Majority Speaker Pelosi. New Politicians, Governors, Mayors, Police Chiefs and other elected officers, city managers are pro-amnesty and Gubernatorial hopeful Jerry Brown is pro-Amnesty, so is Gavin Newsom, and have all catered to illegal immigrants by granting them access to welfare and all social services destined for taxpaying citizens.
Commencing now we must be very thorough in watching for voter fraud, as it has already been detected in Houston, Texas and other locations. We cannot depend or rely on the "honor System" anymore as in last ten years. GOOGLE--Voter fraud and illegal alien costs--specially the 2.6 Trillion dollars for the Liberal push for Amnesty and witness the growing incidents within the Democrat party of voter fraud. Another episode quickly concealed was just hours after the Yuma Sun newspaper Reported that 3000 voter registrations had been vacated at the Yuma County Recorder’s Office by a group allied with the SEIU union (with most of them consequently found to be fraudulent.) As yet I haven't revealed any voter fraud other than in the Democratic registrations. This is a distressed struggle through fraud to get an upper hand in the midterm election.
In fact President Obama's Department of Justice have hassled Tea Party members watching for voting irregularities, but little or nothing about straight forward intimidation by the newly organized Black panthers gangs wielding clubs. As you would guess the majority of national press has not publicized any of these severe incidents and therefore you can only dig the dirt up in the Google/Yahoo archives, E-magazines and unbiased open border media. We need serious oversight in all polling locations and at least one independent officer to police the registrations and absentee ballots, owing to the sudden appearance of voter fraud. We should have a federal law for every district in America, to have Independent polling watchers as does Harris County, Texas. Our Vote exists to protect the right to vote and the integrity of the election process, but if its compromised by extremists the loss to our democracy be great.
A spokesman for the Harris County Watchers state, “We have uncovered likely violations of law in Harris County including non-citizens registering to vote, potential forgeries in voter applications, and multiple registrations for the same person. We have provided law enforcement authorities evidence of this activity, and we hope they act to remedy the problem as soon as possible." This is urgently significant in states with massive populations of illegal aliens, because they have voted and will again, as they are desperate to keep Liberals-Democrats in Washington, to support the passing of--AMNESTY.
Dixie Pixie| 10.22.10 @ 8:48PM
With apologies to Wile E Coyote. …..
…. Harry Reid Super Genius.
It just rolls off the tongue.
Harry Reid SSUUPPEERR GGEENNIIUUSS......
???? Why is Sharron Angle driving that tractor ????
Maneesh Innani| 10.25.10 @ 9:37AM
Whoever this Francis is, Please try to understand the matter. 53 Senators who are representing 50+ millions of Americans are trying to protect their states. Thats why they voted in favor of American on Sep 28 2010. I am again saying, collect your data, do your analysis and do what humans of 3-4 nations want together.. Also make sure you understand soil, nation and habitat is important to earn regular livehood.
Maneesh Innani
Maneesh Innani| 11.18.10 @ 8:39AM
Hi All
As we know outside nations work on Software Development, Service Oriented Architecture and ERP Solutions and Model Driven Solutions.
What Obama And Harry Reid and Democrats and GOP are talking about:
PAYMENT TERM SITUATION::::Whats Happening:::: I just compiled outcome and sending you for just update.
In this week :
Suggested Columns::
1) Payment Term Created Date
2) Payment Term Validity Period
3) Payment Term Automatic Expiration Indicator
4) Payment Term Aggrement Reference Number
5) Payment Term Initial Threshold Value
6) Payment Term Start Date
7) Payment Term End Date
8) Payment Term Requires Management Approval Indicator Workflow
9) Payment Term Status : new status value to be added : EXPIRED
( Multi Payment Term :: Payment Term Tiers are also important )
for this tier , this payment term
for another tier, another payment term )
( The payment term is proportional to partner revenue )
Every country has declared partnership with USA. So USA recognizes their partners.
Cheers
Maneesh Innani
This goes thru review and other stuff. This Can affect calculations for n impressions... example 10000 ('000 ) impressions.