While it is true that a large deficit in any particular year is not a problem, longer term trends do matter. If national debt is relatively low – less than 50% of annual GDP, say – there’s plenty of room to spend in the short run and then balance the budget later. This is basically what happened over the course of the combined Reagan and Clinton administrations. The result was an economic boom that lasted more than 20 years.
The article likes to a chart of GDP stretching back to The Sainted Ronnie R, claiming that prosperity was built on low debt from then until now, which is hilarious when you consider this (so much so that Reagan raised the debt ceiling 17 times, as noted here, with #43, Former President Highest Disapproval Rating In Gallup Poll History, doing so 7 times…by the way, Number 40 commendably raised the taxes on capital gains relative to wages, as noted here).
Between the administrations of Reagan and Number 42, Poppy Bush presided over an economic downturn that, albeit relatively brief, was just long enough to pave the way for Bill Clinton’s election (interesting that Sivy managed to forget that – of course, if he had, what passes for his argument would have fallen apart).
Not to be outdone, Teahadist Senator Ron Johnson of Wisconsin also tried to claim that Reagan was responsible for Clinton’s success here before he was slapped down by Bob Shrum (and how funny is it for Johnson to claim that all he needed was lower tax rates to start his business when you consider this?).
I wonder if Sessions knows that the number of his constituents who have signed up for food stamps has increased by 20 percent, as noted here? Or that food stamps are actually an economic stimulus, as noted here?
Of course, why deal with reality when there are political talking points to propagate instead, right?
…there are considerable downsides for Mr. Obama if the nation goes over the fiscal cliff. His approval rating (51% in the most recent Gallup Poll weekly average) will probably drop, as it did during the July 2011 debt-ceiling battle. While Congress’s standing dipped a little then, the president’s Gallup rating sank to 38% in August 2011 (from 47% at the start of the year). It didn’t get back to 50% until April 2012.
As noted here, even though Obama’s approval numbers were admittedly not great during that farce, he and the Senate Dems polled better than Orange Man and his Repug pals in the U.S. House.
By contrast, when Mr. Obama and Republicans amicably agreed to extend the Bush tax cuts for two more years following the 2010 midterm elections, his job-approval rating rose to 49% from 43% over the course of 10 days. Deadlock, controversy and stalemate cause Mr. Obama’s numbers to drop. Bipartisan agreement causes them to rise.
Rove is actually partly right on this; shocking, I know – of course, the part he doesn’t mention is that the GOP congressional numbers slipped by comparison also, as noted here (and of course, the vote was so “amicable” that Boehner called it “chicken (crap),” as noted here).
At least Fix Noise actually had the good sense to tell Rove to take a seat for a while (here), though he’ll no doubt be back. Wonder if the Journal is keen to do the same thing?
“2016: Obama’s America,” a conservative documentary, raked in more money than all the 15 films being considered for the Best Documentary Academy Award combined. But the Academy of Motion Picture Arts and Sciences on Monday announced “2016″ won’t even get a shot to win a nomination for the award.
Gerald Molen, the Oscar-winning producer of “Schindler’s List” and “2016,” blames Hollywood’s “bias against anything from a conservative point of view” for the Academy Award snub, according to The Hollywood Reporter.
The film, directed by conservative author Dinesh D’Souza, earned $33.4 million nationwide, making it the highest-grossing documentary of the year.
“Dinesh warned me this might happen,” Molen told THR. “The action confirms my opinion that the bias against anything from a conservative point of view is dead on arrival in Hollywood circles. The film’s outstanding success means that America went to see the documentary in spite of how Hollywood feels about it.”
For his part, D’Souza jokingly thanked the Academy for “not nominating our film.”
You want to know why this piece of propaganda didn’t receive an Oscar nomination? Read the following from here…
Why is the film called “2016”? D’Souza’s one-sided argument ultimately stoops to fear-mongering of the worst kind, stating in no uncertain terms that, if the president is reelected, the world four years from now will be darkened by the clouds of economic collapse, World War III (thanks to the wholesale renunciation of our nuclear superiority) and a terrifyingly ascendant new “United States of Islam” in the Middle East. These assertions are accompanied by footage of actual dark clouds and horror-movie music.
The real bogeyman isn’t Obama, who D’Souza acknowledges can come across as an appealing and charismatic leader. That honor is shared by several men D’Souza refers to as Obama’s “founding fathers,” in an unsubtle dig at the president’s patriotism. It’s a group that includes communist Frank Marshall Davis; former Weather Underground member Bill Ayers; academic Edward Said, whose views are described as anti-Zionist; liberal Harvard professor Roberto Unger; and the Rev. Jeremiah Wright, a proponent of so-called black liberation theology.
None of the names of these putative villains is new, which gives “2016” the air of a “Nightmare on Elm Street” sequel, pandering to the franchise’s hard-core fans, while boring everyone else.
More on D’Souza and his history of hateful fictions can be found here.
Here is another reason why I’m not particularly sympathetic to any conservative argument about supposedly being slighted by the Academy of Motion Picture Arts and Sciences (which sounds all high-falutin’ I know, though it is hardly that, despite the way they get dressed up at the Oscars) – anybody out there besides me remember a 1994 documentary called “Hoop Dreams”?
As Wikipedia tells us…
The film follows William Gates and Arthur Agee, two African-American teenagers who are recruited by a scout from St. Joseph High School in Westchester, Illinois, a predominantly white high school with an outstanding basketball program, whose alumni include NBA great Isiah Thomas. Taking 90-minute commutes to school, enduring long and difficult workouts and practices, and acclimatising to a foreign social environment, Gates and Agee struggle to improve their athletic skills in a job market with heavy competition. Along the way, their families celebrate their successes and support each other during times of economic hardship caused from the school change.
The film raises a number of issues concerning race, class, economic division, education and values in contemporary America. It also offers one of the most intimate views of inner-city life to be captured on film. Yet it is also the human story of two young men, their two families and their community, and the joys and struggles they live from their recruitment in 1987 through their college freshman year (1991-92).
Wikipedia also tells us that the film ended up earning about $11 million, which I know is a third of what this anti-Obama nonsense pulled in (I would argue that it will continue to earn money in video rentals, though obviously not as much as it earned years ago).
Here is the kicker, though – as Roger Ebert and others have pointed out, “Hoop Dreams” was easily the best documentary the year it was made, and it wasn’t nominated for anything either (and good luck trying to find a conservative agenda in the compelling stories of William Gates and Arthur Agee).
Of course, Molen and D’Souza could try to make a film following up on Gates and Agee if they felt compelled to right the wrong of that film’s denial of a nomination years ago, as opposed to their own.
And I would expect that to take place at about the time hell freezes over (and speaking of Ebert, best wishes to him, on the mend as noted here).