Again: TARP Was Not Keynesian! Banker's Bonus It Was!

Discussion in 'Economy' started by mascale, Jun 16, 2010.

  1. mascale
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    mascale VIP Member

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    It is somewhere separately reported that at least TARP contributed to resolving the lack of transparency famously a part of banking. Banking regulators usually do not disclose the names of banks they currently find troubled. There is a report somewhere that 90 banks failed to make their scheduled payment to TARP.

    There are 600 banks that sitill owe TARP

    News Headlines

    TARP was not a public works program. A Keynesian approach would have been to create federal excess in public works, employment spending. That the Republicans failed to do. The Ivy League Democrats weren't much better, in the one-third of Stimulus, additional bail-out, reserved for state and local teachers and bureaucrats. Like the law-supportive police: These are all the people who helped contributed to the downturn in the first place. Saving their jobs with actual, direct payment money made no sense.

    When the people have money to spend, then there are tax revenues. Public commissions, legislatures, school boards, ward captains, councils, and local meetings of all types: Then decide what to spend, how much, and on whom. A lot of them gave that to unions and other contact-like kinds of rules. State and Local Public Employee, Pate Fois Gras, is not what Keynes had in mind, however. Bloated Liver is not what Keynes is about.

    Paulson sent money to the banks to pay bonuses! That is all it was for!

    And so bankers now think up all kinds of reasons to not lend to businesses.

    Anyone notices that the economy is recovering slowly. Big banks are making the credit card access offers again, as is usual. Business can't happen, but instead of public works: There is even more credit-boosting intended in the federal legislature.

    Public Works in the Gulf Spill clean-up, and restoration, makes far better economic sense than anything a Paulson, or a GOP , could recommend.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Maybe GOP take three shiny yellow trinkets: Bring back Manhattan(?)! Many are like that! Paulson Lunatic, Too!)
     
    Last edited: Jun 16, 2010
  2. Baruch Menachem
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    Baruch Menachem '

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    Weird grammar it is. Are you deliberately annoying being?
     
  3. mascale
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    mascale VIP Member

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    35 years ago, the teachers at university level decided that mascale would not continue on with the doctorate, subsequent the review committee determination of the status of development of the credit market based forecasting model at that time. The basic price model, "supply and demand," seemed to end it all. Any problem with "scaling" was not on radar--if there was any, even in concept, especially at Bloomington, 35 years ago;.

    That was not in an economics department, but was at now-famous Indiana University, (Bloomington), Political Science: Nobel Laureate, Elinor Ostrom, even on faculty, even then. The other Ostrom was on faculty, too: But the other guy with my name had already passed through to his Ph.d.

    Actually, "The Medium Is The Message(?)!" That is not economics, or political science, but was Radio-TV, audience research, (ethos stuff), at U of Oregon Speech. The Indiana problem, originally addressed: Was how to project the poverty level--subsequent the McGovern proposal for an equal amount payment to, "every man, woman, and child" in America. Nixon had done the voluntary fixed percentage guidelines program. Even famous actor, John Wayne, announced he was going to vote for McGovern. Others less numerous, than can ever be mentioned: Also voted for it. All of that was on TV. McGovern had managed to introduce the counter-system methodology. General Systems Theory requires a zero point--the Civil Right To A Pittance. Zero would disappear in the the McGovern method. McLuhan had noticed that pre-literate, tribal cultures: Themselves didn't have the zero concept. "Nothing" didn't exist.

    Medium Hot and Cool was Marshall McLuhan stuff. At what point did humans actually confront a number scale, McLuhan has nothing to do with? In Genesis. What kinds of days were being discussed, really: Nominal, Ordinal, or Interval types? Mostly, GOP says "literal types," instead(?)! Famous Jewish Jesus would even discuss the likely widely known Pythagorean Theorem, of the greater gods of the conquering pantheon.

    Conservative GOP themselves: Apparently get the Bible versions, with the Aramaic Operational Definitions, all included(?)! Texan Textbooks apparently include them--maybe even a week from Tuesday(?)! The Holy Father, famously of that Christian HItler Youth, is not known to edit the Conservative, GOP, versions of the Bible!

    At any, no doctorate happened. So in the manner of assigning grades, the math is considered not only not the law, but also wrong. The law with the wrong math is actually right math. Little kids learn that.

    The Supreme Court seems to go along!

    Teaching is clearly not possible, without the doctoral degree: Unless it is believed that some kids are better than other kids, and that all the other kids are not worth the extra effort!

    Millions believe that! It happens to the little kids, almost every day. Adults not only send in the children, but a lot of their money follows along! And so we learn that wrong things are better, and school is proof!

    The Stimulus Bail-Outs are also proof, especially needed by the teachers of the wrong way!

    The UC pay-cuts are proof! Anyone knows that they represent the wrong way.

    The unemployed graduate degreed are proof! They will even soon enough be sober--even about it!

    Arithmetic is intended, and so they did!

    "Crow, James Crow: Shaken, Not Stirred!"
    (Great Entrepreneurial Send Venice, Osprey, Soaring in the skies, to the bain of pigeons: That get bash ed into and rendered, even!)
     
    Last edited: Jun 16, 2010
  4. Paulie
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    Paulie Platinum Member

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    Wow, you're the first person to ever respond to one of his posts in his more than one year of membership here :lol:
     
  5. Baruch Menachem
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    Baruch Menachem '

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    I him with someone else confused.
     

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