The How Of “Full” Employment

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa

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(Photo courtesy: National Republican Senatorial Committee, NRSC, via Twitter @1_776)

The East Coast branch of Hollywood is meeting in Charlotte, North Carolina this week for the Democrat National Convention, late hotel bookings being scalped at $6500 per night. No prostitutes after Cartagena but pizza by United States Secret Service(SS) for the privileged in government. Liberals have built into the culture prostitution and pornography – despite the resurgence of syphilis, pervasiveness of herpes and the epidemic of Human Immuno-Deficiency Virus/Acquired Immune Deficiency Syndrome (HIV/AIDS) – to avoid sexual harassment charges.

It is like Disneyland. There is a branch of the west coast headquarters here in the east putting on a show trying to restore economic liberty with the highly paid hourly bi-partisan advice of Kissinger, Greenspan, Volcker, and the Democrats – Clinton on down, to prop-up a president who is meant not to fail because he had received his Nobel in advance much as he did his book advance at Harvard to realize the dreams from his father with a lot of audacity and hope for him but not for his country.

The future of the world which he is yet to bring together while it, in fact, is falling part, is riding on making a black man succeed politically in a racist America after the previous laureate, Martin Luther King, was killed when he was as old as when Jesus was crucified. Ralph Bunche, the first black Nobel Peace Laureate, who had established the Greenline between Arabs and Israelis in 1949 from his office in Rhodes of the Old Colossus, instead of walking the Green Mile in America, is not remembered. The Jews of Emma Lazarus’ New Colossus instead got liberty by enslaving the Palestinians in their long diasporic journey from Greek Orthodoxy to American Puritanism by way of Germany. Next is China.

Ben Bernanke is paying for Obama’s success-yet-to-be-made in exchange for keeping his job at the helm of the Federal Reserve, $16 trillion and ticking for many among the rich in America to sell out to get the f***k out. It is called Natural Capital Accounting by Wall Street which is beginning to value American history higher than its economy, akin to the looting in Mesopotamia after the Iraq war and Nazi gold during World War II. No wonder, economists want to be sheltered from accountability while The White House of Barack Hussein Obama vetoes a Palestinian state in the United Nations, a “mistake” being carried forward from 1948, including in the season of the Arab Spring in 2012.

Mitt Romney, the Republican candidate for President of the United States, wants to create 12 million jobs, having been there and done that, unlike Barack Obama who never ran any business. The SS left behind a rifle in the Republican nominee’s airplane bathroom. They don’t want Romney to touch Obama because it is the law of Hitchcock’s “rope” line land because China’s and Wall Street’s impending run on America is intended.

Alan Greenspan’s linguistic legerdemain – a methodology of communication to implement discretion rather than time consistency in monetary policy, well learned by the Federal Reserve since 1987, is to substitute the positive for the normative. People – confounded in confusion, yet unable to accuse their leaders of obfuscation because “it is like this everywhere” – do not seem to be able to figure out if the government is doing its job as intended to let there be a run on the American dollar and its debt by China – the new enemy in the making by America and China in cahoots in deep background – or if it is incompetent and corrupt with $32 trillion fermenting off-shore and off-the-books.

After $16,000,000,000,000 (12 zeros following 1 is a trillion) and counting, in both Federal Reserve monetary easing and total national debt on the books (off-the-books included, it is $60 trillion, 1 dollar in national income for every 4 dollars in borrowed money), there is more to come for the global financial markets from the Fed even as full employment is to wait for the foreseeable future.

Pension crisis. Student loan crisis. GSE crisis. Entitlements. The locusts are swarming. O! Wait. I have a new financial innovation to further feed the Schumpetarian creative destruction on Wall Street: re-insuring with Swiss Re and Warren Buffet, J P Morgan’s Credit Default Swaps (CDS) to prevent the next crisis of the Facebook’s money bubble – Mark Zuckerberg’s TIME front-cover first $1 trillion US corporation waiting in the wings, evaluated on number of website views, ads, and an acquired gaming revenue of about $3.5 billion in 2011 as reported to the Securities and Exchange Commission (SEC) for uploading pictures of yourself and college co-eds for free since Zuckerberg’s Harvard Yard days of stealing ideas by overhearing conversations and the need for programmers to implement a class-fellow’s idea.

Reinsurance, never mind the $4 billion United Kingdom (UK) CDS loss of Jamie Dimon’s J P Morgan, is the most stable market for collecting insurance premiums in dignity over a can of Cherry Coke all day long, without the traveling salesmen having to sell insurance to widows in the south trying to save for their funerals because their children cannot afford them, with a full-third of the nation’s population needing government health care despite Obamacare which is not due until 2014 but overdue on bills to the tax payer. The Fed will pay off any future CDS losses before Swiss Re or Buffet will have to shell down cash on reinsured CDS. It baffles me why the failed Solyndra was not taken advantage of by the financial innovators.

To keep busy, while the 150-year old Bureau of Engraving an Printing (BEP) keeps the ever new dollar bills rolling of the presses in celebration of Gutenberg and Martin Luther and Max Weber’s Protestant lack of work ethic of money for nothing and escort services for something – the who’s who of global central banking, the Platonic republican descendants of the Knights Templar and of the European Jews since Serenessima Venezia of the 9th century Middle Ages until the Holocaust, meeting in Jackson Hole, Wyoming are pontificating about the obvious of their policies in execution, far too taken by their own elitism and the inherent limitations imposed by econometrics in identifying the causes of Granger Causes: “[T]rue Cause of High Unemployment Is Basic Economic Weakness” after having “blackballed” Nobel-winning trade economist Paul Krugman especially at a time when the president wants to raise exports in a world which wants to be economically robust, one good reason why the US dollar is working hard to be cheaper than the rest of the world’s currencies.

Clint Eastwood thinks the situation is Ugly, after Good and Bad, because the Bridges of Madison County are creaking, the same potholes on the roads being filled over and over again to keep people employed in this Unforgiving economy, while the chair at the head of the table in The White House Situation Room for the President Council on Jobs and Competitiveness is empty and so is the rest of the table. President’s Economic Recovery Advisory Board (PERAB) is swatting flies it does not yet see, not knowing why Obama needs another council to create jobs, and his Fed Chair is picking up balls like Kevin Costner in Tin Cup expecting to lose after making a hole in one in vanity and after repeated bogies and mulligans in the US Open, experimenting and practicing while in competition – with the rest of the field wondering why did they ever let him into the golf game to begin with. Women are keeping dogs because their men don’t have money to keep their children ponies.

Real economy is suffering because of poor institutional quality within the G7, the same ex post cause which had explained Stanley Fischer’s Asian Crisis because American economists at the US Treasury, Federal Reserve and the International Monetary Fund (IMF), and financial markets in New York and London were ignorant of American economic history. The Kenyan-born MIT professor’s both graduate students, Larry Summers and Ben Bernanke, are not doing as well as him in Tel Aviv at the Central Bank of Israel, the Hebrew state having recorded 4.8% growth rate in 2011. Summers was effectively fired from The White House and Bernanke has one foot on his way out of the Fed.

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About Chandrashekar (Chandra) Tamirisa

http://www.thecommonera.com/Common_Era/Me.html
This entry was posted in Economics, Transformations LLC and tagged . Bookmark the permalink.

30 Responses to The How Of “Full” Employment

  1. Technical economic reasoning behind my above advice “Until then, 12 million people might as well stay home to get to full employment, paid the per capita $50,000 per year at a cost of only a paltry $1.2 trillion to the government until 2014”:

    1. U-6 unemployment rollsreturn to full employment of 4% or less

    2. Pressure off states’ welfare rolls and on The White House to waive welfare reform requirements

    3. Demand-side stimulus by Keynesian multiplier or the marginal propensity to consume (MPC)

    4. Improved expectations because of the lessened risk to consumption, and hence, lower risk of deflation

    5. Lowered risk of inflation due to money supply

    6. Stabilization of GDP volatility

    7. Federal Reserve can begin to raise rates after April 01, 2013

  2. 3m Mark Knoller ‏@markknoller
    (CBS News White House Correspondent, Radio)
    On auto industry bailout, Pres Obama says if he didn’t act, GM and Chrysler wouldnt exist, even Ford might have gone down along w/suppliers.
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    1m 1776 @1_776
    @markknoller He is right about that. At issue is how. @gselevator Empty Chair http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/ could have M&A’ed GM with Tesla.
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    12:51 PM – 3 Sep 12 · Details

    Amie Parnes ‏@amieparnes
    Signs being passed out in the arena right now: “1.1 million Auto Jobs saved,” the signs read. #DNC2012
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    20m 1776 ‏@1_776
    @amieparnes Saved now to lose later. Buy a home now to lose later.
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    10:30 PM – 5 Sep 12 · Details

  3. 31 Aug David Wessel ‏@davidmwessel
    (David Wessel is The Wall Street Journal Economics Editor)
    18 million people are unemployed — 11.3% — in the euro zone. http://is.gd/pXh45e via@wsj
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    31 Aug 1776 ‏@1_776
    @davidmwessel David, “it is like this everywhere.” Is this an explanation?
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    4:03 PM – 31 Aug 12 · Details

    8h Izabella Kaminska ‏@izakaminska
    A possible solution to the Libor calculation problem? – http://www.americanbanker.com/bankthink/cftc-ignored-warnings-of-libor-gaming-15-years-ago-1052335-1.html
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    7h 1776 @1_776
    @izakaminska Why Libor at all [when there is the euro. UK must adopt the euro.]?
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    4:53 AM – 5 Sep 12 · Details

  4. 2 Sep David Wessel ‏@davidmwessel
    Stan Fischer:: “It is almost inevitable feature of forecasts that next year looks better than the current year.” http://on.wsj.com/PzQSet
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    2 Sep 1776 @1_776
    @davidmwessel Mr Fischer is projecting GDP growth over the very long run onto the immediate term [the next year, as much as the Fed may want it to be by targeting a forecast using policy, may not be better due to other factors though such factors may not necessarily be uncertainty]. First priority is full employment.
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    10:06 AM – 2 Sep 12 · Details

  5. 10m CNN Public Relations ‏@CNNPR
    Tea Party Express Chair: Pres. Obama doesn’t “love America the way we do” http://bit.ly/OPnmQZ
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    7m 1776 @1_776
    @CNNPR We all love America. @barackobama does not know how to show his love. It is domestic violence Article IV, Section 4 US Constitution.
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    11:59 AM – 4 Sep 12 · Details

    2m 1776 @1_776
    @CNNPR High levels of unemployment in states [and budget setbacks] is [are] “invasion” by Federal government. Amendment 14 must be reconciled with Article IV, Section 4
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    12:05 PM – 4 Sep 12 · Details

    6m 1776 ‏@1_776
    @CNNPR National Defense Resources Preparedness: Whither The People’s Representatives When The People Need Them? http://ctamirisa.com/2012/03/19/national-defense-resources-preparedness-whither-the-peoples-representatives-when-the-people-need-them/
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    12:01 PM – 4 Sep 12 · Details

    6m NRSC ‏@NRSC
    Prof Warren refuses to acknowledge Native Americans at DNC convention http://bit.ly/O8JoDe #mapoli @elizabethforma
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    5m 1776 @1_776
    @NRSC @elizabethforma She is right about that. We first need to abolish Bureau of Indian Affairs in Department of Interior.
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    12:02 PM – 4 Sep 12 · Details

    4m 1776 @1_776
    @NRSC @elizabethforma American Indians must be full US citizens, given their own separate states.
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    12:03 PM – 4 Sep 12 · Details

    38s 1776 @1_776
    @CNNPR http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3181
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    12:06 PM – 4 Sep 12 · Details

  6. 30m RuthBlackett ‏@RuthBlackett
    I don’t give a shit about simulacra.
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    27m 1776 @1_776
    @RuthBlackett Then don’t deny the normative, schnucks. It is not a conspiracy theory. It is their job similar to making a car run.
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    12:37 PM – 4 Sep 12 · Details

    25m 1776 @1_776
    @RuthBlackett The normative, http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/
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    12:38 PM – 4 Sep 12 · Details

    25m 1776 @1_776
    @RuthBlackett How does a car run? By nature, of itself? It is a system of knowledge. You apply it. It works within limits.
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    8m 1776 @1_776
    @RuthBlackett The economy is likewise. It is a simulacrum, a reasonable representation of natural economic behaviors.
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    12:56 PM – 4 Sep 12 · Details

    7m 1776 @1_776
    @RuthBlackett Xenophon and Hippocrates.
    Hide conversation Reply Delete Favorite
    12:57 PM – 4 Sep 12 · Details

    9m 1776 @1_776
    @RuthBlackett When you go to a doctor does the doctor say uncertainty? Or give you medicine? Very rarely is your diagnosis uncertain.
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    12:55 PM – 4 Sep 12 · Details

    5m 1776 @1_776
    @RuthBlackett Or engineering, or accounting, or lawyering for that matter.
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    12:59 PM – 4 Sep 12 · Details

    5m 1776 @1_776
    @RuthBlackett Sound policymaking is similar to diligent doctoring.
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    12:59 PM – 4 Sep 12 · Details

    6m 1776 @1_776
    @RuthBlackett I have no reason why I should cut some slack for Xenophon when I am suing Hippocrates for malpractice.
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    12:58 PM – 4 Sep 12 · Details

    1m 1776 @1_776
    @RuthBlackett You sue your accountant, your lawyer, your doctor, your engineer. Why not the applied economist?
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    1:03 PM – 4 Sep 12 · Details

    1776 @1_776
    @RuthBlackett In sum, just [some] guy, models matter. We perceive by mental models. Their formalization in mathematics is a scientific model.

    1776 @1_776
    @RuthBlackett @federalreserve Example of [my] contribution to economic literature in monetary economics of modeling, http://ctamirisa.com/2012/04/12/monetary-policy-theory-practice-and-communication/
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    1:34 PM – 4 Sep 12 · Details

    4s 1776 @1_776
    @RuthBlackett Now, please give a shit about simulacra, http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3190
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    1:36 PM – 4 Sep 12 · Details

  7. 1h JohnCornyn ‏@JohnCornyn
    (John Cornyn is United States Senator from Texas)
    China: a test case for Keynesian stimulus spending? http://fb.me/1RoBZogIo
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    43m 1776 @1_776
    @JohnCornyn Senator, take a look at what I am saying above the picture of J M Keynes here on my tumblr page – http://ctamirisa.tumblr.com.
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    12:21 PM – 4 Sep 12 · Details

    40m 1776 @1_776
    @JohnCornyn In theory, Keynesianism is the variable G in the national output equation, Y = C + G + I + NX. Keynes buried himself in GDP.
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    12:24 PM – 4 Sep 12 · Details

    41m 1776 @1_776
    @JohnCornyn Keynesianism is raising the government investment component of US GDP in the tables of BEA. Table 1.1.5. GDP Line 21.
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    12:23 PM – 4 Sep 12 · Details

    28m 1776 @1_776
    @JohnCornyn Also, Table 5.2.5. Gross and Net Domestic Investment by Major Type, GDP http://www.bea.gov , http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1 … , Line 23
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    12:36 PM – 4 Sep 12 · Details

    17m 1776 @1_776
    @JohnCornyn In sum, China is already a test case for Keynesian spending.
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    12:47 PM – 4 Sep 12 · Details

    16m 1776 @1_776
    @JohnCornyn What form will China’s political economic structure take is the bigger question.
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    12:48 PM – 4 Sep 12 · Details

    15m 1776 @1_776
    @JohnCornyn Does not matter at this point who spends the money, government or private sector. I would turn Nevada into a test case.
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    12:49 PM – 4 Sep 12 · Details

    13m 1776 @1_776
    @JohnCornyn The deserts of Nevada, Arizona and New Mexico are the ideal testing grounds for http://www.thecommonera.com/Common_Era/Investor_Relations.html
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    12:51 PM – 4 Sep 12 · Details

    12m 1776 @1_776
    @JohnCornyn About $3 billion between all 3 of them combined in annual revenues once finished.
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    12:52 PM – 4 Sep 12 · Details

    14m 1776 @1_776
    @JohnCornyn http://www.thecommonera.com/Common_Era/Investor_Relations.html
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    12:49 PM – 4 Sep 12 · Details

  8. 9m David Wessel ‏@davidmwessel
    RT @damianpaletta: U.S. debt breached $16 trillion on Friday. Likely to hit $16.394T debt ceiling in late Dec http://is.gd/XTKktK
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    7s 1776 ‏@1_776
    @davidmwessel @damianpaletta Will Bernanke @federalreserve say “fiscal cliff” and still support raising -$ ceiling/Bowles-Simpson as he did?
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    6:04 PM – 4 Sep 12 · Details

    7m 1776 @1_776
    @davidmwessel @damianpaletta That is $1 trillion more than GDP. Time to stop borrowing and start buying it back after I replace Bernanke.
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    6:47 PM – 4 Sep 12 · Details

  9. 6m Treasury Department ‏@USTreasury
    (Gene Sperling via @USTreasury @USAToday was former Chair of the National Economic Council)
    Gene Sperling in @USAToday: President’s plan stabilizes debt http://www.usatoday.com/news/opinion/story/2012-09-04/Obama-budget-Gene-Sperling/57589350/1
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    4m 1776 @1_776
    @USTreasury @USAToday Is debt target 180% of GDP? Japan holds US debt as hedge. Does Sperling want to take down the house?
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    11:41 AM – 5 Sep 12 · Details

    30m 1776 @1_776
    @USTreasury @USATODAY @jpn_pmo http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3202
    (@JPN_PMO is the Prime Minister’s Office of Japan)
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    11:50 AM – 5 Sep 12 · Details

    4m 1776 @1_776
    @USTreasury @USAToday Gene Sperling must retire to a think tank. Ask him to write for me and raise funds for One World http://ctamirisa.com .
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    11:40 AM – 5 Sep 12 · Details

    19m Kate Brannen ‏@K8brannen
    (Defense reporter in DC)
    AIA’s Marion Blakey: if major shift in Congress or Romney wins presidency, chances of lame duck deal on sequestration diminishes.
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    17m 1776 @1_776
    @K8brannen Government needs reform, not sequestration. Stop selling new debt @USTreasury and start buying debt back @federalreserve 12/2012
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    11:28 AM – 5 Sep 12 · Details

    3m David Axelrod ‏@davidaxelrod
    Ryan rewrites history. Again. http://bit.ly/Pf5C5e
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    6s 1776 ‏@1_776
    @davidaxelrod http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3202
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    1:37 PM – 9 Sep 12 · Details

  10. 9h Robert Reich ‏@RBReich
    (Robert Reich is former Secretary of Labor during the Clinton Administration)
    BEYOND OUTRAGE now out in paperback. (Pass it on.) http://knopfdoubleday.com/marketing/authorpages/Reich_Outrage.gif
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    9h 1776 @1_776
    @RBReich Trending: corruption is okay. Make hay while the central banks rain. No strings attached to @federalreserve monies. @wsj
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    3:09 AM – 5 Sep 12 · Details

  11. Wall Street Journal ‏@WSJ
    What advice would you give to an unemployed young person in Europe? Youth unemployment there is at roughly 22%. http://on.wsj.com/OVHWTp
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    9h 1776 @1_776
    @WSJ Rising food and energy prices will slow global growth by December 2012 as we forecast. http://ctamirisa.com/2012/07/15/outlook-us-economy/
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    3:05 AM – 5 Sep 12 · Details

    10h 1776 @1_776
    @WSJ Occupy Brussels.
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    10h 1776 @1_776
    @WSJ Occupy Brussels to ask for what? http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3181
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    2:35 AM – 5 Sep 12 · Details

  12. 14m CNNMoney Investing ‏@CNNMoneyInvest
    Bill Gross: Get used to stunted returns http://bit.ly/NSdRzQ
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    2m 1776 @1_776
    @CNNMoneyInvest On what? US Bonds? http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3202
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    3:39 PM – 5 Sep 12 · Details

  13. Ari Fleischer ‏@AriFleischer
    (Ari Fleischer Former WH Press Secretary for George W Bush)
    If Pres O created millions of jobs as speakers at conv claim, why is unemp up from 7.8% when he entered office to 8.3% now??
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    9h 1776 @1_776
    @AriFleischer My jobs forecast in 09/2009. http://ctamirisa.com/2011/08/05/it ’s-the-jobs-stupid-i-told-you-so-in-september-2009-to-the-washington-post/
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    10:45 AM – 5 Sep 12 · Details

  14. 2h PostPolitics ‏@postpolitics
    Clinton: ‘What kind of country do you want to live in?’ http://wapo.st/P0xrON
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    2h 1776 @1_776
    @postpolitics Rephrase: Federalist + 1 (smart regulation) begin: http://ctamirisa.com/2012/08/17/reforming-healthcare-in-the-aftermath-of-barack-obama-and-paul-ryan … , end: to http://ctamirisa.com/2012/07/13/the-rise-of-the-reich-again
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    7:17 PM – 5 Sep 12 · Details

    2h 1776 @1_776
    @postpolitics Federalist + 1 (regulation as a pure public good) begin: http://ctamirisa.com/2012/08/17/reforming-healthcare-in-the-aftermath-of-barack-obama-and-paul-ryan … , end: to http://ctamirisa.com/2012/07/13/the-rise-of-the-reich-again
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    7:15 PM – 5 Sep 12 · Details

  15. 4m Newt Gingrich ‏@newtgingrich
    3 numbers matter this week: 8.3%; $3.79; $16 trillion. These [3] outweigh every speech in Charlotte. The numbers are real, the speeches aren’t
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    1m 1776 @1_776
    @newtgingrich It is 15%, $3.79 and $16 trillion. First is the concern. Middle is not important. To address it, third must be dealt with.
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    9:03 PM – 5 Sep 12 · Details

    33s 1776 @1_776
    @newtgingrich http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/
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    9:05 PM – 5 Sep 12 · Details

    now 1776 @1_776
    @newtgingrich Isn’t it interesting that a gallon of gas in $ = annual federal budget in trillions of $
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    9:09 PM – 5 Sep 12 · Details

    1776 @1_776
    @newtgingrich Inflation dynamics, http://ctamirisa.com/2010/01/15/inflation-dynamics/
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    10:25 PM – 5 Sep 12 · Details

    1776 @1_776
    @newtgingrich http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3219
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    9:06 PM – 5 Sep 12 · Details

  16. Elasti Girl ‏@Katrinskaya
    Rahm Emannuel – Citizens United worst descision of the Supreme Court in recent history. Still raising SuperPac $$$. Still worst voice ever.
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    35m 1776 @1_776
    @Katrinskaya $50,000 per plate to hear @barackobama speak = size of per capita national debt. @1_776 is $1 at any frequency per person.
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    9:57 PM – 5 Sep 12 · Details

  17. 1m Wash. Free Beacon ‏@FreeBeacon
    Fiat currently owns 61.8 percent of Chrysler http://bit.ly/OjYSSV
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    26s 1776 @1_776
    @FreeBeacon Good. Why do not Tesla and Mercedes own GM?
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    9:34 PM – 5 Sep 12 · Details

  18. Invisible Obama ‏@InvisibleObama
    The choice is clear. Vote @invisibleobama. #DNC2012
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    7s 1776 @1_776
    @InvisibleObama I’d be invisible if any president paid me one-half his annual salary. #DNC2012
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    9:43 PM – 5 Sep 12 · Details

  19. (Live Tweeting former President Bill Clinton’s re-nomination remarks of President Barack Obama)
    57s 1776 @1_776
    Paying down the national debt can still occur, http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3202
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    5m 1776 @1_776
    Comprehensive Tax Reform, http://ctamirisa.com/2010/04/22/comprehensive-tax-reform/
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    7m 1776 @1_776
    Dealing with debt to hedge fiscal risks, http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3202
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    10m 1776 @1_776
    Floor below unemployment, http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3181
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    13m 1776 ‏@1_776
    ACA did not solve the problem of bending the cost curve, the reason why reform was triggered.
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    15m 1776 @1_776
    Total government cost of health care by 2032 under ACA will be the entire current federal budget, GDP growth rate being uncertain.
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    18m 1776 ‏@1_776
    One-third of the US population is on state-sponsored health care, ACA to be fully implemented only by 2014. http://ctamirisa.com/2012/08/17/reforming-healthcare-in-the-aftermath-of-barack-obama-and-paul-ryan/
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    22m 1776 @1_776
    First, we need to finish putting the floor under job losses.
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    24m 1776 @1_776
    Comment on Clinton nomination remarks: Risks before 12/2012 because of national debt, http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3202
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    28m 1776 @1_776
    If reelected @barackobama will have 100 days to get it right.
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    36m 1776 @1_776
    To be reelected, @barackobama must change his mind.
    Expand Reply Delete Favorite

    44m 1776 @1_776
    Former President Clinton must take it easy. It is time to be a statesman.
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  20. Robert Reich ‏@RBReich
    Bill Clinton is a master at dramatizing wonky policy details so they’re understandable. A true public educator.
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    2m 1776 ‏@1_776
    @RBReich http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3226
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    12:33 AM – 6 Sep 12 · Details

    1m The Hill ‏@thehill
    Clinton: ‘We’re all in this together’ (by @russellberman, @amieparnes) http://bit.ly/QneOV0
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    22s 1776 ‏@1_776

    @thehill @russellberman @amieparnes http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3226 @paulryanvp @mittromney
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    11:34 PM – 5 Sep 12 · Details

  21. (On Linkedin The White House Official Group, Advising the Advisor, We Want Your Ideas, Moderated By Kori Schulman, Deputy Director of Digital Content, The White House)

    Was Bill Clinton saying Republicans are dyslexic and Democrats can read straight on job creation? 24 and 42.

    At this point, the ball is in Obama’s court to change his mind by 12/12 or he could be impeached for not paying attention to sound advice if there is a crisis originating in Asia because of US debt.

    Clinton has passed the party on, as he said, to Barack and Michelle Obama after the first 4 years.

    His 8 years is non-analogous to Obama’s first 4 and restoration policies (continuation of Rubin-Greenspan-Summers-Geithner era approaches) are not helping. It is time to try something different.

    http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3226

    Michael Scaman • My trust level for Romney is much higher than that for Obama […]

    Chandrashekar Tamirisa • Agree. He built a business and worked for his family. If Obama does not like LBOs which had put people out of work in the auto industry in the Clinton ’90s, as Biden pointed out, he must work to change the law so jobs are not lost when M&As by LBOs are done.

    How much is Romney worth? Less than a billion. Facebook’s Zuckerberg, for a website, could be worth $1 trillion if Goldman Sachs gets away with garbage for returning political contributions to DC. This is bigger than an IBM, AT&T, or Apple or Oracle or Microsoft who produce real things for real people to make a living.

    http://ctamirisa.com/2012/02/05/the-facebook-money-bubble/

  22. 11h Kay Bailey Hutchison ‏@kaybaileyhutch
    U.S. Global Competitiveness Ranking Drops for Fourth Straight Year http://www.republican.senate.gov/public/index.cfm/our-view?ID=2c10fcf9-494a-46f8-9f0b-1bdf57a8d61c #ObamaEconomy #WeCanDoBetter
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    4s 1776 ‏@1_776
    @kaybaileyhutch The How of “Full” Employment, http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/
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    10:35 AM – 6 Sep 12 · Details

  23. 28m Joe Klein ‏@JoeKleinTIME
    Paralysis Rules. The looming budget crisis raises a key question: Can either candidate close a deal? http://ti.me/NUFcBp
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    25m 1776 ‏@1_776
    @JoeKleinTIME I would defer on matters of political dysfunction, as in 07, once again to Greenspan. I hope to change, the old man does not.
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    11:44 AM – 6 Sep 12 · Details

    26m 1776 ‏@1_776
    @JoeKleinTIME They may not be able to, but the bias is right though discombobulated for @paulryanvp @mittromney
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    11:43 AM – 6 Sep 12 · Details

    21m 1776 ‏@1_776
    @JoeKleinTIME http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/#comment-3228
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    11:50 AM – 6 Sep 12 · Details

  24. Agrarian Jeffersonianism

    It is not the economy, but the economic model, stupid.

    Sin, Good and Evil are value judgments. Universe does its thing. The words creation and destruction are a matter of perspective.



    Was Hitler evil? In the context of species survival he was.



    Were Harappa, Mohenjodaro, Lothal, Arkaim, Kibbutz, Massachusetts evil? No.

    Sow the seed, watch the crop grow, take care of it, live off the land, and take care of yourself. 

Build a structure and it will remain for 100 years, at least. The rest are the harvest seasons.



    Why keep on growing economically, year after year, consuming meaninglessly and irreversibly what has been endowed to us by nature?



  25. 2m Will McAvoy ‏@WillMcAvoyACN
    Did they teach you that at Harvard, Fitzpatrick?
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    32s 1776 ‏@1_776
    @WillMcAvoyACN No. At the US Open, tin cupping. You see, I never went to Harvard. Independence Day belongs to Washington, DC.
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    1:21 PM – 9 Sep 12 · Details

    now 1776 ‏@1_776
    @WillMcAvoyACN @harvard http://ctamirisa.com/2012/09/09/the-american-republic-established-1787-1791/#comment-3268
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    1:23 PM – 9 Sep 12 · Details

    2m Will McAvoy ‏@WillMcAvoyACN
    J-E-T-S JETS JETS JETS
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    now 1776 ‏@1_776
    @WillMcAvoyACN http://www.urbandictionary.com/define.php?term=jets
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    1:27 PM – 9 Sep 12 · Details

  26. 3m PostPolitics ‏@postpolitics
    Congress returning with long to-do list, short attention span http://wapo.st/S31QbU
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    9m Reuters Top News ‏@Reuters
    AIG shares fall after U.S. says it plans $18 billion sale http://reut.rs/QdSlYh
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    1m 1776 @1_776
    @Reuters @ustreasury Sell Wall St. Freeze new debt issuance. @federalreserve buy US bonds, conditional money supply $1T/y to ’22 on ag[riculture].
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    2:41 PM – 10 Sep 12 · Details

    8m Jim Cramer ‏@jimcramer
    Feels like people selling for $AIG–at least the fins. But also because fears of Fed/Germany…
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    56s 1776 @1_776
    @jimcramer @ustreasury is correct. Wall St on gov books must be sold and budget frozen to ’22. No new bonds. Buy outstanding debt back.
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    4:06 PM – 10 Sep 12 · Details
    Reply

    3m Financial Times ‏@FT
    Opinion: Bernanke risks creating a liquidity trap http://on.ft.com/Pjrg8u
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    34s 1776 ‏@1_776
    @FT For USA: http://ctamirisa.com/2012/09/06/obamas-debt-ceiling-gambit/#comment-3292 … , For UK: http://ctamirisa.com/2012/09/08/the-coming-end-of-the-british-pound … @izakaminska
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    5:53 PM – 10 Sep 12 · Details

  27. 7h Paul Krugman ‏@NYTimeskrugman
    Economic Fundamentals and the Election http://nyti.ms/No3qbQ
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    6h 1776 @1_776
    @NYTimeskrugman http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/
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    10:35 AM – 12 Sep 12 · Details

  28. 2m Joe Biden ‏@JoeBiden
    VP: “Our President knows creating jobs here in America, keeping jobs here, and bringing jobs back to America—that’s the job of a President.”
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    now 1776 @1_776
    @JoeBiden All that I can do is tell him what to do. Take a horse to water. Can’t make him drink. http://ctamirisa.com/2012/09/09/the-american-republic-established-1787-1791/
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    4:44 PM – 12 Sep 12 · Details

    2m 1776 @1_776
    @JoeBiden He needs to do it. He has not done it yet. http://ctamirisa.com/2012/09/12/on-the-evolving-situation-in-libya/#comment-3315
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    4:42 PM – 12 Sep 12 · Details

  29. 30m The Washington Post ‏@washingtonpost
    “My advice for people who want to go into government is, first become a billionaire, and then do it.” — Bloomberg http://wapo.st/SdaqVB
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    22m 1776 @1_776
    @washingtonpost http://ctamirisa.com/2012/09/11/forward-monetary-policy-of-the-united-states-2012-2032/#comment-3355
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    6:51 PM – 12 Sep 12 · Details

  30. 2m David Limbaugh ‏@DavidLimbaugh
    Who are you going to believe Paul Ryan or Bill Clinton? Ryan says HHS Welfare Work Waiver Will Undermine 1996 Reforms http://herit.ag/OtfKJ3
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    13s 1776 @1_776
    @DavidLimbaugh http://ctamirisa.com/2012/09/02/the-how-of-full-employment-2/ No welfare to 2014 for $1.2 trillion. Rush can cite me and talk about this. Call if he has any questions
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    5:42 PM – 13 Sep 12 · Details

    2m Sen. Grassley’s Ofc. ‏@GrassleyOffice
    The Economic Situation and Why There is No Alternative to Pro-Growth Policies http://www.grassley.senate.gov/news/Article.cfm?customel_dataPageID_1502=42436 … @ChuckGrassley
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    52s 1776 @1_776
    @GrassleyOffice @ChuckGrassley For now. Yes. Not after 2032.
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    6:44 PM – 13 Sep 12 · Details

    8s 1776 @1_776
    @GrassleyOffice @ChuckGrassley For now, full employment and no welfare for $1.2 trillion through 2014.
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    6:45 PM – 13 Sep 12 · Details
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