WDEL Blog: Allan Loudell

Joe Biden strays off script -- in Mumbai, India

It's been noted in this space that Vice President Biden lately SEEMS to have assumed a lower profile, not commenting on some of the more volatile stories of the day (or at least, whatever he's been saying has not been picked-up in national media).

Perhaps Delaware's former U.S. senator found it a little easier to go off-script halfway around the world, perhaps, with the goal of entertaining an audience...


http://www.politico.com/politico44/?hp=44


A more serious treatment about what the Vice President said about U.S./India economic ties...


http://www.nytimes.com/2013/07/25/world/asia/biden-urges-closer-cooperation-with-indias-business-elite.html

Posted at 10:28am on July 24, 2013 by Allan Loudell

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Comments on this post:

mrpizza
Wed, Jul 24, 2013 5:37pm
I've been trying to encourage Mr. Biden to shut his mouth for the past 30 years. Perhaps the time has come........

kavips
Thu, Jul 25, 2013 3:10am
Joe Biden is the most likable man in politics today. Plus, on issues, he is usually right.

kavips
Thu, Jul 25, 2013 3:16am
Picking up on Allans words straying off script, it seems like the whole nation has strayed off the script since the election. In Knox College today, Obama tried to refocus.

The elimination of the middle class by the Republican War on it, is probably America's greatest threat at the moment.
There used to be three classes when I was growing up. The impoverished. The Middle Class. And the wealthy. Now there is only the wealthy and everybody else.

Republicans are the cause. There is no nation that is strong where the rich run the country. We are more divided than Paraguay. If not for our size, we'd be a Third World nation by now. Only with no Republicans and a fast forward policy, can we return to where we once were.

kavips
Thu, Jul 25, 2013 3:20am
Trivia Question for Allan. Do you know how many and which states they are, that have one House of Representative district covering the whole state as does Delaware? You don't have to answer it here; next time Carney is in the news, it could be a good one to put on the air.

kavips
Thu, Jul 25, 2013 4:29am
Couple of breaking stories.

The House narrowly defeated the NSA defunding amendment. The news is the closeness of it. It lost 205-217. John Carney voted against the Constitution, and for its defeat, which indirectly means he voted to keep up the spying on US Citizens. The closeness is reassuring. Without a full court press by the White House and private NSA briefings (Private briefing = "remember that one-night stand 18 years ago? We know about it and will make it public if you dare vote for defunding the NSA") the bill might have passed. Even though still legal, the closeness of the vote should make the NSA very careful that nothing else comes to light to anger those 7 who if they'd switched against the NSA, would have sent the bill to the Senate.

Another offshore rig blowout in the Gulf. 8000 feet down, and they need to drill another well to close by to take off the pressure. It had blowout preventers that didn't work. (gee where have I heard that before?) The official word is that since it is natural gas it won't fowl up the beaches like crude. The rig blew up, is still on fire, and all 44 workers escaped.

The G20 decided to go Keynesian instead of austerity, a direct 180 turn from last summer's approach. Jack Lew and the Americans were pushing it hard this time, that spending by governments needs to increase to jump start demand.

Late snows in May looked like they would keep the Arctic Ice Cap from beating last years record loss, but over June the rate of melt is the fastest ever seen. Although not yet at last year's level, it is trending to cross it by mid August. Also reports from the other end, Antarctic, show that in the past 1000 years, melting has never been this fast. Furthermore due to the amount of cold water slamming into the Gulf Stream off Newfoundland, Britain's weather has been remarkably different this summer. London actually had the first thunderstorms anyone living had ever seen there this past Monday.

A Pennsylvania firm that is associated with Exxon is getting sued by the Obama administration for contaminating a PA's town's water supply from the toxic waste water they pumped while fracking for gas.

And finally something of interest for Mr. Pizza. Darrell Issa, is putting forward a bill to stop door-to-door mail delivery. Eliminate it completely. Instead, the Republicans want to establish central points, where recipients would have to go, leave their house, drive for miles, to pick up their mail. Perhaps at a shop, or a grocery store, or a bank. or a long meandering line of outdoor post office boxes. This would allow him to do what Republicans love to do best. Fire government workers... Pizza, you live by the sword; die by the sword. We've been telling you Republicans are the worst thing that has, or could have ever happen to America.







kavips
Thu, Jul 25, 2013 4:39am
Somehow the last part of the my comment above disappeared in sending and left a big space... lol.

One other local story getting interest is an off shoot of the News Journal's posting of the test scores of all the schools. In their reporting they also included the number of those listed as low income. Some of those numbers in Sussex County are staggering. 75 percent in Dover. 80 percent in Seaford? That's like 3 out of 4; or 4 out of 5 for the whole district! This isn't inner city Wilmington, this is something new. This is the rural white middle-class totally disappearing before our eyes. Losing houses. Losing farms. Losing jobs. How come no one has been reporting on this phenomenon predominantly in Western Sussex County?

Mike from Delaware
Thu, Jul 25, 2013 8:33am
Kavips: Great posts, as usual very informative.

Interesting point about rural poverty in Western Sussex County. My guess is that's the very "reddest" [TEA party right-wing] part of the state [Christine O'Donnell's biggest fans no doubt]. Wouldn't it be ironic if those folks who totally hate the government, especially a DEM-run ['evil socialistic liberal'] government ended-up getting help for their problems by that same DEM government?

Remember the wave of teen sucides last year from down there in Sussex? Wonder if the two issues are somehow related.

On the NSA defunding bill, it would appear that Obama AND the TEA/GOP folks in the House are in agreement, neither wanted the NSA to be defunded? Talk about politics making strange bedfellows.

Interesting piece of trivia Allan, which nation had its first recorded thunderstorm in living memory of its citizens? London, England. So they get all that rain, but never a thunderstorm. Interesting. I wonder why? NOW that would be an interesting interview Allan; get some scientist on your show to discuss why Great Britain doesn't usually get a thunderstorms, and why they are getting them now [my guess is they don't usually get the humidity either, but maybe that's changed too]. Why has it changed? Could be an interesting interview.

It will be interesting to see if the Keynesian approach works better for the G20 than austerity. I believe it will [FDR and his New Deal proved that already back in the 1930's and 40's]. Before anyone TEA folks say, it was WWII that got us out of the Depression, what was it about WWII that did that? Massive government spending that was even far greater than what FDR and the New Deal did - they were on the right track - just didn't go far enough as it had never been done before and were cutting a path into unchartered territory. So FDR had it right and on this issue the TEA/GOP has it wrong.

kavips
Thu, Jul 25, 2013 11:40am
Here is an interesting graphic. Historical government spending versus GDP. What is noticeable is that after every war, we plateaued at a higher level than before we went in.

http://www.ritholtz.com/blog/wp-content/uploads/2011/07/outlays-GDP.png

And to put FDR's plight into a human context, if you had medical condition which involved taking considerable loans to fix, you too would be wary of taking a massive loan perhaps 10 times larger than for a house, and opt for smaller treatments that would take lesser bites out of your finances. But when given notice that death is eminent, money doesn't matter anymore. You spend and win.

My take is that government really doesn't do that much. Our yearly budget is one fiftieth of our GDP and the remainder is split roughly with half going to corporations and half going to personal consumption.

Currently the big issue, as was in the twenties, is that corporations are taking too big of a portion, leaving consumption hungrier and hungrier.

Ways to fix it are not pleasant.

One, wage and price controls.
Two, cap profit as a small percentage.
Three, massive nation wide strikes with no work getting done.

There is an easier way. Raise tax rates roughly 10 percent on those actually making money, on those who have too much money to spend on themselves. Then give everyone the freedom to determine how they want to spend that money before it gets taxed. That portion of 25 or 26 trillion being reinvested to avoid higher taxes, can do much more good in a year than the entire paltry one trillion that the government spends in its discretionary budget.

Is there historical evidence? A lot actually. Comparing the twenties to the thirties. WWII. Post WWII up to the sixties. Reagan's economic slump, until he agreed with Tip O'Neil and raised taxes considerably. The deep recession after the '86 tax cut of rates down to 29%. The longest continuous economic boom beginning as soon as tax rates were returned back to 40%. The erosion of our economy beginning to bite as soon as Bush cut taxes down to 35%. This winter and spring's surprising economic boost as soon as the top rates were pushed back up to 40% in January.

Historically it appears that 40% is the sweet spot, at which both jobs and capital can grow at the same time.


Mike from Delaware
Thu, Jul 25, 2013 1:13pm
Kavips: great graph. Intreresting info.

Do you have a link showing all that. This would be great to have, sources, when discussing this issue with other folks, who are conservatives and don't think FDR's New Deal was a good deal for America or anything like the Keyesian approach.

mrpizza
Thu, Jul 25, 2013 2:35pm
Kavips: As usual, what you say about Issa and and/or the USPS even resembles the facts, and it's pointless to even lay out the facts because facts get into your way.

If Joe Biden is the most likeable politician today, I hate to think who the least likeable one is. Maybe his boss?

mrpizza
Thu, Jul 25, 2013 2:37pm
Sorry. NOTHING you say even resembles the facts.

EarlGrey
Thu, Jul 25, 2013 3:59pm
0bama is CRUSHING the Middle Class.

"If only Mr. Obama understood that before a government can redistribute wealth, the private economy has to create it."

http://m.us.wsj.com/articles/a/SB10001424127887323610704578626142861572144?mg=reno64-wsj

kavips
Thu, Jul 25, 2013 5:41pm
That link had some serious virus, Earl, so I didn't get to read it. It was coming out of the WSJ so it must be under attack right now. See if anything is public tomorrow.

And Pizza. Standing and saying you are right and no one else is, even when all the facts are on their side, only makes you look nuts, like those Lyndon LaRouche supporters holding a sign back in the 90's saying "The End Is Nigh' Everyone thinks you are doing it for fun, because no one could seriously support the beliefs you pretend to have. Conservatism is a false science. The sad thing was we had to experiment and kill off the middle class just to discover it fails to deliver.

And Issa, being a Republican, is exactly what is wrong with America, and if he has to fire home delivery for the post office to get people to remember his name, he is darned well going to do it.

Republicans are nuts.

mrpizza
Thu, Jul 25, 2013 8:13pm
Kavips: I never said nobody else was right. God is right.

EarlGrey
Fri, Jul 26, 2013 10:54am
kavips: The link worked fine for me...maybe you need to check your computer's filters...are they blocking anything not coming from the left side of the interweb ;)

Mike from Delaware
Fri, Jul 26, 2013 10:41pm
EarlGrey: I had not problem with the link. Interesting article. Yep the wealthy have done well under Obama. The middle class and poor, not so well.

The sentence from the article: "If only Mr. Obama understood that before a government can redistribute wealth, the private economy has to create it." made a good point.

However, the wealthy have done well prior to Obama and even during Obama, so there is no reason they can't pay more in taxes. THAT is the one area I do not agree with the GOP. The wealthy's salaries have sky rocketed out of sight during the past 30-40 years as their taxes have dropped and dropped to the lowest point since 1940. Middle class workers haven't done as well, as our salaries are stagnant or have dropped, or worse yet, our job was shipped overseas, meaning not having a job. Yet who is usually on the hook to pay the bills for the government, the middle class.

Time for the wealthy to pay for all their benefits, talk about folks who think they are entitled, its the wealthy. What a deal, your salary goes up astronomically, yet your percentage of tax goes down. Time for them to step up and do THEIR fair share like the rest of us have been doing. They've reaped the most if not all of the advantages so they should pay more for that. That's not class warfare, its fair and reasonable.


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