Alan Grayson Speaks In Opposition To The Keystone XL Pipeline

Congressman Alan Grayson speaks in opposition to the Keystone XL Pipeline on the House floor.

The Keystone XL Pipeline is a disaster waiting to happen and should never be approved.

The GOP Punks ABC News

THe GOP Punks ABC News is a clip from “The Big Picture with Thom Hartmann”.

When Basic Economic Theory Is Ignored, Disaster Will Follow

So says Paul Krugman.

“As I have been writing a lot lately, the clean little secret of the global economic crisis is that standard economic theory actually performed pretty well.

It’s true that few anticipated the severity of the 2008 crisis — but that wasn’t a deep failure of theory, it was a failure of observation. We actually had a pretty good understanding of bank runs; we just failed to notice that traditional banks were a much smaller share of the system than before, and that unregulated, unguaranteed shadow banks had become so important. Once that realization hit, as the economist Gary Gorton has documented, standard bank-run theory made perfectly good sense of the story.

And the aftermath of the crisis — persistent low interest rates despite high deficits, impotence of monetary policy, major negative impacts of fiscal austerity — may not have been what most economists or government agencies predicted, but it’s what they should have predicted. As I often point out, Macroeconomics 101 has worked pretty well.

The point is that radical new theories haven’t been needed at all, since off-the-shelf economics tools we already had, provided plenty of guidance.”

For More:

When Basic Economic Theory Is Ignored, Disaster Will Follow

President Obama Calls IRS Actions “Inexcusable”

In my view, this “scandal” is total crap.

Not that the IRS did not do anything wrong. It is simply that the people who are now howling in outrage were silent when Bush was going after the NAACP and others.

We did not hear a peep from those people then. I guess that it’s OK if “my guy” does it.

Obama: IRS flap ‘inexcusable,’ announces resignation of acting IRS chief –, 15 May 2013 22:48:34 GMT

CBS NewsObama: IRS flap ‘inexcusable,’ announces resignation of acting IRS chiefNBCNews.comPresident Barack Obama said Wednesday that he was “angry” at IRS officials who inappropriately targeted conservative groups for scrutiny, announcing that his a …

President Obama Calls IRS Targeting of Conservative, Tea Party Groups ‘Outrageous’

The president answers questions on claim IRS has targeted conservative groups since 2010.

Matt Taibbi On Majority Report Radio

Matt Taibbi discusses his latest,”Everything Is Rigged” with Sam Seder on Majority Report Radio.

Unemployment Rate Drops To 7.5% In April

Despite Republican efforts to sabotage the economy, the US added 165,000 new jobs last month.

Solid job gains reported in April; US unemployment rate down to 4-year low of … – Washington Post, 03 May 2013 23:15:05 GMT

Los Angeles TimesSolid job gains reported in April; US unemployment rate down to 4-year low of …Washington PostWASHINGTON — The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and feder …

President Obama At The White House Correspondents Dinner

President Obama Talks About FAA Furlough Legislation In Weekly Address

Your Weekly Address | The White House

http://www.whitehouse.govSat, 27 Apr 2013 17:39:09 GMT

Weekly Address: Time to Replace the Sequester with a Balanced Approach to Deficit Reduction. President Obama says that because Republicans in Congress allowed a series of harmful, automatic budget cuts—called the sequester—to take

Obama: FAA furlough legislation a ‘Band-Aid’ – The Hill (blog), 27 Apr 2013 10:28:31 GMT

NPRObama: FAA furlough legislation a ‘Band-Aid’The Hill (blog)In his weekly address, Obama said that the FAA furloughs were only one of many problems caused by sequestration, and urged Congress to do more than pass the “Band-Aid” to stop the flight d …

Daily Kos: Obama to Congress in weekly address: End the

http://www.dailykos.comSat, 27 Apr 2013 14:00:12 GMT

President Obama took to the airwaves this morning in his weekly address to bemoan the effects of the sequester and to urge adoption of a more permanent "balanced approach to deficit reduction." In a spirited dig at Congress, the president listed the ….. I'm talking about the weekly radio address, and how you've twisted yourself into a logical pretzel, arguing that the President "pisses" on Democrats by not vetoing this. Democratic bill. By all means, please explain how

President Obama Speaks At The Bush Library Dedication

As far as I am concerned, this was a total farce.

Barack Obama’s Remarks at the George W. Bush Library Dedication (Transcript) – TIME, 25 Apr 2013 21:36:35 GMT

New York Daily NewsBarack Obama’s Remarks at the George W. Bush Library Dedication (Transcript)TIMEPresident Barack Obama shakes hands with former President George W. Bush, as former President Bill Clinton applauds at right after Obama spoke at the d …

Mike Papantonio Talks About How Anti-Intellectualism Is Destroying America

This is from the Ed Schultz radio show: