Showing posts with label deep analysis. Show all posts
Showing posts with label deep analysis. Show all posts

Thursday, January 29, 2009

Solving the myseries of life, one doo doo analogy at a time.

Nate Silver wonders why precisely zero Republicans voted for the stimulus bill in the house. His best theory:
The House does not cast a secret ballot. It seems plausible that there were a dozen or so Republicans who were on the fence, waiting to see how their colleagues would vote --- and when those votes started to come in unanimously against the bill, nobody wanted to be the ugly ducking.
In other words, there was a lot of normative pressure not to, perhaps even some pluralistic ignorance by which the congrescritters all assumed they were the only one who didn't object... But you do sometimes get small numbers of Republicans voting against their party. As Nate himself points out, a few days ago 3 of 178 Republicans voted for the Ledbetter Fair Pay Act.

I saw a Republican congress guy on teevee last night when I was at the gym, and his claim was that the house R leadership told a bunch of their members to vote for the old TARP bank bailout, and were roundly ignored. This time the leadership just took their cue from anti-stimulus sentiment of the general membership, and agreed to say 'no'.

My guess is that the Republicans have had a creeping awareness for some time now that their brand was in serious doo doo, and when the doo doo hit the fan during the last election, they realized that they are up to their necks in it, and their world is a big frightening smelly place. They are now desperately huddling together, clinging white-knuckled to whatever vestiges of ideology they think might have any legs whatsoever with the general public, and "fiscal conservative" is all they've got. And so they are going to pull it out from under all the doo doo, and place it on their personal alter of political expediency and pray to it, with all the weak-kneed fervour they can muster. And the first item of business for them to pray for is that nobody notices the horrible slurping sound that comes from anything so well buried being pulled out from under that much doo doo, because if people realize that "fiscal conservatism" is something the republicans only really care about when the Dems are in power, then the doo doo might close in completely over their heads.


Of course, one of Nate's commentors has a wittier take:

Groucho Marx: From the 1932 movie "Horse Feathers"

"I'm Against it"

Music and Lyrics By: Bert Kalmar and Harry Ruby

Song Lyrics:
[Groucho]
I don't know what they have to say,
It makes no difference anyway,
Whatever it is, I'm against it.
No matter what it is or who commenced it,
I'm against it.

Your proposition may be good,
But let's have one thing understood,
Whatever it is, I'm against it.
And even when you've changed it or condensed it,
I'm against it.

I'm opposed to it,
On general principle, I'm opposed to it.

[chorus] He's opposed to it.
In fact, indeed, that he's opposed to it!

[Groucho]
For months before my son was born,
I used to yell from night to morn,
Whatever it is, I'm against it.
And I've kept yelling since I first commenced it,
I'm against it!

--

UPDATE: It seems someone at ObWi is thinking down the same lines as me. Thought they do so with a total absence of scatological analogy. Disturbing, no?

Academics are supposed to be the impractical ones, why are business leaders being the self-defeating idiots?

Republicans want tax cuts, tax cuts, tax cuts (but not ones to poor people) as the solution for everything.

Here's why that's particularly stupid (recession edition): the problem is NOT that companies don't have enough money to build factories with. It's not like people are going to the mall and saying "I'm so frustrated, I just can't find enough things to buy. Won't somebody please give industry more cash so they can invent more products".

The problem is that consumers are looking at all the stuff on sale, and shrugging it all off because they can't *afford* any of it right now. Give more money to the inventors, and they're not going to risk it on R&D for big new products, not in this economy. Give it to banks, and they will sit on it, because they figure anyone they lend it to will just lose it anyway. Give it to rich people, and maybe they'll invest some of it (i.e., give it to banks and inventors, who will duly sit on it), or they'll stick it under THEIR mattress themselves.

What we need to do is to spend money building railroads, laying grass in parks, paying young people to be rangers for the summer... something, anything, to get cash into the pockets of ordinary Americans (particularly poor ones, who are pretty much guaranteed to go out and spend it post haste) so that they can go out and be consumers again. If American business leaders could remove their heads from their own behinds for just a minute they would see that lack of consumers is a far bigger problem than lack of investors right now, and they would get solidly behind heavy-spending stimulus bills, rather than trying to block them like they are.

Normally, business faces a collective active problem over wages - it is in their interest to pay their own employees as little as possible, while hoping that everyone else pays their employees generously, so that those employees have the money to buy the company's goods and services. But that constraint isn't even here now - if the money comes from the governments, why are the corporations so opposed? Answer: toxic ideology and stunning myopia.

The self-image of choice for business people is traditionally of a square shouldered, granite jawed colossus standing astride the flows of commerce, in a sharp suit. Okay, but lets add to that picture a Mr. Magoo squint, and two inch thick glasses. Now imagine he's just dropped the glasses. That's about right.

--

Update: Krugman says something similar, but in more technical terms.

Thursday, January 22, 2009

Bush the not so stupid?

I hear a lot of people thinking that Bush is an idiot. I think this is true only in the sense that he was an idiot not to realize that the presidency was beyond his abilities and to pass it over.

I think the reality is that he's a marginally bright guy (maybe even brighter than average), but he was put in charge of a very very very complicated thing. I think he did his best with it, but in the words of a novel I read once "he was like a competent Ford mechanic with a Ferrari on his hands." Except really he tended to screw up the normal businesses he ran too, so maybe it would be better to say that he was a competent bicycle mechanic with a Ferrari on his hands.

"Well I got the gas going to the cylinder tubes. That's what you gotta do right, a engine can't fire if you don't got the gas going to the tubes. Anyway, I did my best with it, history will have to be the judge. Heh heh."

And there's nothing wrong with being a bike mechanic. I like to tinker with them myself, but if you've got a beaten up stealth bomber that needs some work, I suggest you find someone else. And that, RIGHT THERE, is what makes me smarter than Bush.