Archive for April 9th, 2009

Kung Fu Gland

Just a little something I stumbled upon at Stumbleupon:

Kung Fu Gland

I always wondered where my kung fu gland was located.  And whether I even had one.

April 9th, 2009 at 07:58pm Posted by Eli

Entry Filed under: Comics,Coolness,Science,Weirdness

Urban Grunge Photoblogging

Taken in between fog pictures…
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The vents on some kind of electrical box.

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Rivets on that same box.

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Yet another manhole photo.

April 9th, 2009 at 11:26am Posted by Eli

Entry Filed under: Photoblogging,Pittsburgh

Ideology Vs. Reality

Ian Welsh explains why the Virginia legislature’s vote to refuse the unemployment benefits portion of the stimulus bill is misguided:

Modern Republicanism laid bare: never help anyone who really needs help.  But that’s not the worst of it, the abysmal economic illiteracy is:

“It is not stimulus. Paying workers not to work does not promote economic growth,“ Byron said.

Actually, Delegate Kathy Byron, paying workers not to work does promote economic growth.  This is economics 101, people who have money (unless they’re useless rich) spend that money.  When they spend that money they spend it on products and services made by people who work.  The more of those products and services which are bought, the more economic growth there is, since you can’t have economic growth if there’s no demand for products and services.

In times when there is insufficient demand, like in a massive recession or depression, the best thing to do is for the government to spend.  And since there are people losing their houses, who are going without food, clothes and medical services, the best way to spend is to give those people money so you kill two birds with one stone: you get demand through spending, and you help people who need it so they don’t wind up starving or on the street.

The less money the recipients of stimulus money have to begin with, the more likely they are to spend it and pump it into the economy, because they have to, which is why benefits like unemployment insurance and food stamps offer the most bang for the buck, and upper-bracket tax cuts offer the least.

The problem is, the poor and unemployed are precisely the people that Republicans are adamantly opposed to giving money to, because government must never, ever reward people for being shiftless, unambitious layabouts – it should only reward the high-achievers who already have more money than God.  It’s an ideological position (and a particularly repellent one), not a practical or economic one.

The economic reality is that trickle-up has historically been far more successful than trickle-down, but Republicans keep clinging to the idea that helping themselves and their wealthy buddies at the expense of everyone else is somehow good for the economy, because they desperately want it to be true. Or at least for the rest of us to think it’s true.

2 comments April 9th, 2009 at 07:23am Posted by Eli

Entry Filed under: Economy,Politics,Republicans,Wankers

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