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John Cole: Press Conference
“It took a couple days because I like to know what I am talking about before I speak.” – President Obama, just a minute ago.
Take your gotcha nonsense and get out of here. Was that as good for the rest of you as it was for me?
*** Update ***
CNN now has John King describing a word cloud of the press conference as part of their post press conference “analysis.” I wish I was kidding. These guys are in so far over their head with Obama and they don’t even realize it. I wonder if they will bring back the “human hologram.”
DougJ: Sacrifice, bitches
A few weeks ago we wrote:
Look for the “sacrifice” meme to become even stronger now that we’re in a recession (after all, everyone knows that if consumers would just stop buying stuff, the economy would be fine).Today, Chuck Todd asks:
God, these people are predictable.
Update: Matt Yglesias sums up the “paradox of thrift” pretty well:If Vikram Pandit sacrificed some of the money he has and mailed it to some unemployed former manufacturing workers in the rust belt, they’d be in somewhat better shape. But if Americans were to collectively sacrifice—everyone agree to eat only potatoes on Wednesdays or something—that wouldn’t help anyone except the potato farmers. Consumption in a market economically is almost always a positive-sum exchange; economic growth, and therefore prosperity, requires more economic activity, not more sacrifice. If the big national problem were a giant war, things might be different—we could all conserve gasoline and save it to fuel the tanks. But it’s hard to see how sacrifice could solve the problem of rapidly rising unemployment.Update #2.
And when you ask them, how much should we give?
They only answer more! more! more!
ConservaDems: With friends like these. March 24: A caucus of eight moderate Democrats started by Sen Evan Bayh, D-IN was formed in the Senate. Will this new group oppose White House policies? Rachel Maddow is joined by founder and publisher of Firedoglake.com Jane Hamsher.
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