(2013/02/13) Part 2: Government is not THE problem, it just HAS problems (Economics)
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 14 February 2013
⏱️ 72 minutes
🧾️ Download transcript
Summary
Edition #688
Part 2: Government is not THE problem, it just HAS problems
Ch. 1: Intro - Theme: A Fond Farewell, Elliott Smith
Ch. 2: Act 1: IMF Economists: oops! We Were Wrong About Austerity - Majority Report - Air Date: 01-10-13
Ch. 3: Song 1: The world has turned and left me here - Weezer
Ch. 4: Act 2: An Austerity Success Story... Almost - CounterSpin - Air Date 1-11-13
Ch. 5: Song 2: Nature of the experiment - Tokyo Police Club
Ch. 6: Act 3: Why The Truth About Iceland Is So Dangerous To The US - Lee Camp - Air Date: 02-12-13
Ch. 7: Song 3: You showed me - The Lightning Seeds
Ch. 8: Act 4: Early Cracks in GOP Debt Ceiling Gambit - Rachel Maddow - Air Date 1-15-13
Ch. 9: Song 4: Good day - Jukebox The Ghost
Ch. 10: Act 5: Debt-B-Gone - Mark Fiore's Animation - Air Date: 01-17-13
Ch. 11: Song 5: Knock yourself out - Jon Brion
Ch. 12: Act 6: Why can't we be more like Sarah Palin? - Thom Hartmann - Air Date: 01-11-13
Ch. 13: Song 6: What Sarah said - Death Cab For Cutie
Ch. 14: Act 7: Where Are Obama's Middle Class Wage Jobs? - Young Turks - Air Date: 01-20-13
Ch. 15: Song 7: Working class hero - Exit Clov
Ch. 16: Act 8: House GOP Passes Weak Debt Ceiling Extension - Rachel Maddow - Air Date 1-23-13
Ch. 17: Song 8: Free to decide - The Cranberries
Ch. 18: Act 9: The Real Reson For Post Office Financial Problems - Jimmy Dore Show - Air Date 2-8-13
Ch. 19: Song 9: La Cucaracha - The Hit Crew
Ch. 20: Act 10: Big Government Vs. Reaganism - Thom Hartmann - Air Date: 01-23-13
Voicemails:
Ch. 21: Please see the documentary "The Corporation" - Anonymous
Ch. 22: The fundamental basis of corporations actually is bad - Steven
Ch. 23: JP Morgan Chase was immoral - Chris
Leave a message at 206-202-3410
Voicemail Music:
Loud Pipes - Ratatat
Ch. 24: Final comments the tendencies of corporations
Produced by:
Jay! Tomlinson
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Transcript
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| 0:00.0 | This program is made possible by the members and donors to the show. |
| 0:05.8 | For details, visit the membership tab at BestOfAleft.com. |
| 0:08.8 | Now, welcome to the award-winning BestOfAleft podcast with Cups Day from the Majority Report, |
| 0:13.0 | Counter-Spin, Comedian Lee Camp, The Rachel Maddo Show, MarkFury.com, The Tom Hartman |
| 0:17.5 | program, The Young Turks, and The Jimmy Doar Show. |
| 0:20.2 | And a note for our more impressionable listeners, this episode may make you wish to live in |
| 0:23.9 | Iceland. |
| 0:24.9 | And I say go for it, because I've heard good things about their hot springs, too. |
| 0:30.0 | The top economists from the International Monetary Fund, last week, acknowledged that |
| 0:38.8 | the fund blew its forecast for Greece and other European economies, because it did not |
| 0:43.6 | fully understand how government austerity efforts would undermine economic growth. |
| 0:54.0 | I don't even know how to really digest this. |
| 0:59.4 | Because it was clear there was a tremendous outcry from economists that seemed to me |
| 1:08.0 | across the spectrum who said that, you know, everything that we know of Keynesian economics |
| 1:13.6 | suggests that if you cut spending and raise taxes, particularly on those people who spend |
| 1:20.4 | money, during an economic downturn, you're going to deepen the economic downturn. |
| 1:29.6 | But yet, apparently, at the IMF, they don't have, I don't know, phones or the internet. |
| 1:36.2 | The new and highly technical paper looks again at the issue of fiscal multipliers. |
| 1:42.7 | We have talked about this on this program, the impact that a rise or fall in government |
| 1:46.3 | spending or tax collection has on the country's economic output. |
| 1:49.8 | In other words, there is not necessarily a one to one relationship between government spending |
| 1:57.1 | and how it affects the economy. |
... |
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