Economist Paul Krugman has been attacking the Obama / Geitner Troubled Assets Relief Plan (TARP) as using taxpayer money to pay investors to take the assets off bank's hands. But he offers no alternative. Paul is wrong in that he wants the "bad assets" to remain on bank statements, but for what? To continue to freeze the credit market? His blog posts in the NY Times on this matter are intellectually sloppy at best. That -- for a Nobel Prize winner -- is terrible.
Krugman sets up straw person examples to prove the idea that the investor spends little of his or her own money -- but that is the idea. I do not know why he comes up with these half-baked statements at all. Perhaps he is just angry that Obama did not pick him to be economic advisor.
Tuesday, March 24, 2009
Paul Krugman is WRONG about The Obama TARP Plan
Tuesday, March 17, 2009
Brides and prejudice: Planning a gay wedding in the South
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Bobby Valentino Kiss Magazine Photoshoot
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"Real Atlanta Housewife," Lisa Wu Hosts EF Mag Launch Party
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Airports' homeless resist efforts to remove them
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10,000 metro Atlanta foreclosures up for sale in April | ajc.com
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Atlanta Weathers Water Damage
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Atlanta ammunition supply is severely constrained
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Hip, Chic Interior Design in Domicile section of Jezebel Mag
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Stormy Daniels Performs at The Pink Pony in Atlanta Georgia
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AVID Design Continues Expansion, Adds 2 Web & Multimedia
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The National League East Lowdown
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Star Trek Movie: Where Are The Black Men?
There's a lack of Black men in the Star Trek trailers and director J.J. Abrams called and invited Tyler Perry to be in the movie to make up for the oversight
Monday, March 16, 2009
How Zennie62 (Zennie Abraham) Makes A Video-Blog
This is the companion video to my segment on "Why I Vlog" and shows the process I use to make a vlog: camcorder, computer, and software. I recommend a MacBook computer with iMovie, a Flip Video camera and a basic camcorder.
Friday, March 13, 2009
Employee Free Choice Act: Fox Facts vs. actual facts
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This Week's Atlanta Underground Music Events
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No bids for Vick's mansion
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Clark Howard: What to do if you're laid off
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Atlanta Wages a Civil War Against Allergens & Air Quality
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Thursday, March 5, 2009
Terrell Owens Released (Cut) By The Dallas Cowboys Today
After three years, 3857 yards and 38 touchdowns, the Dallas Cowboys released wide receiver Terrell Owens. Rhis was a mistake as Owens is an exceptionally talented athlete who has no off-field problems and years left in him
Wednesday, March 4, 2009
Rush Limbaugh Is Wrecking The GOP And I LOVE IT!
http://www.zennie62.com -- Rush Limbaugh's idiological rants are out of touch with an economic reality that will keep The Democrats in power for at least the next 10 years. The reason is the economy itself and the need for government investment.
Between 1960 and 1999 the U.S. Economy added 20 million new jobs every 10 years, but from 1999 to today, only about 4.7 million new jobs. What happened to the 15 million jobs? They went overseas to countries like India, France, and north to Canada. And with jobs goes wealth. It's a key reason America's now the 3 largest exporter whereas we were number one for years, until 2004. We're now behind Germany and China.
All of that wealth lost has resulted in wrecked credit over time. We have to have jobs to afford our mortgages and our population did not stop growing through this period. But what happened was that we started to lose jobs from the remaining stock of them. Remember, we have millions of people that aren't even being counted in our economy -- they don't exist for employment purposes. The "Joe The Plumbers" of today are the steel workers of yesterday. With a thriving growing manufaturing industry, we were able to employ Americans and jobs were plentiful. Not today.
With this weak World Credit system we need government spending to replace the private investment spending that's gone. Indeed, with fewer businesses there's less private investment spending -- goverment must catalyze the growth of business.
All of this calls for an activist government and that's something -- that need -- will keep The Democrats in power for years to come.
Tuesday, March 3, 2009
Atlanta Has Snow? Wow. Snow Has Fallen In Atlanta!
It may not stick, but for many in Atlanta Sunday’s snow was quite a sight to behold — and to enjoy.”
-- And the AJC has photos -- looks like a lot of snow. I'm in Cali right now, but I could come and throw a snow-ball or three.