Bernard Watcher 2

Republican Leadership: Thinkless, Thankless

To be a leader in the Republican party is a think-less and thankless task. As Paul Krugman has pointed out many the times, Republicans have to reject simple math and logic in justifying their catastrophic fiscal policies. This is GOP party leadership that must carefully evade exposure of its  near treasonous “Starve the Beast” economic […]

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Revolutions through the Web

When Time magazine was rumored to make the Facebook’s Mark Zuckerberg its Person of the Year, Ye 5th’s Editor thought that another Media “Academy Award” was a little too much. But with the revolt in Tunisia and the outbreak of dissent and protests in Egypt, both largely organized and propelled by social media including Facebook

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Financial Crisis Was Avoidable

The engine of  inquiry often rolls along slowly – this appears to be especially true in the case of the financial meltdown. The commission of  ten appointed by President Obama  with the usual accommodation for polical leanings has finally produced its report and the verdict is: Financial Crisis Was Avoidable. Despite the 6:4 Democrat versus Republican split on the conclusions

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How the Obama Economic Policy Team Came to Shambles

One could see it in the economic policy – so disjointed and just plainly off target – so much help for the banks and financial sector; too little for creating jobs and a business climate of recovery. Now, the NYTimes has done a major story on the people behind it – and one can see

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Why Not Regulate Guns Like Toys and Cars

Nicholas Kristoff asks the above question from a telling point of view, public health and safety. And the measures are small, targeted, and not massively intrusive as the NRA will insist. As Kristoff, a  boyhood gun enthusiast notes Jared Loughner was considered too mentally unstable to attend community college. He was rejected by the Army. Yet

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Moody’s Caution about US Debt

Moodys, one of the big three American Bond rating agencies is cautioning about the US Debt. Here are some of the salient remarks. Moody’s Investors Service Inc. said in a report Thursday that the U.S. will need to reverse an upward trajectory in its debt ratios to support its Aaa rating.“We have become increasingly clear

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G.O.P. – Irrational Like Foxes

In nuclear arms strategy, one winning gambit is to convince your opponents that you are an irrational and unstable player. This puts your opponents on the defensive because they can’t count on you to compute and think rationally. And so therefore in all the MAD [Mutually Assured Destruction] posturings one can never be sure that

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Extending Bush TaxCuts : No Help for the Middle Class

The Senate Republicans by invoking filibuster struck down a bill that would extend the Bush Tax Cuts to the middle class but not the wealthy. All the Republicans needed was less than 60 votes for closing the filibuster and Taxcuts for the Middle Class were killed. This matches the Republicans earlier killing of extending unemployment

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