Like most Americans, you’ve probably never been able to afford a trip on the subway, as it is the exclusive domain of Champagne-sipping dandies who love nothing more than to luxuriate in the MTA’s Gilded Age-opulence. But from what we’ve heard, it’s like entering another dimension of sophistication and enchantment, where only the most glamorous citizens ride gold-leaf locomotives along shimmering silver tracks winding through wondrous subterranean cathedrals that none of you lickspittles posses the refinement to appreciate.

maybe Gingrich deserves some credit for his persistence. He pressed ahead last summer when the entire political world was writing him off and ridiculing him - and by December, he was leading by double-digits in national polls. Then, party elites panicked and cut him down to size and Gingrich was again written off - only to return from the dead and win the South Carolina primary by 13 points. However this campaign ends, Gingrich will have enjoyed far more success than he ever would have if he’d folded his tent when everyone was telling him he was going nowhere.

The absurdity of this claim is clearly revealed if one considers capital gains that accrue to short sellers, who pay rather than receive dividends while their positions are open. Following the logic of the argument, one would be forced to conclude that short sellers are taxed at an effective rate of negative 20%, thereby receiving a significant subsidy due to the existence of the corporate tax. The flaw in this reasoning is apparent when one recognizes that asset prices are lower (relative to the zero corporate tax benchmark) not only when a short position is covered, but also when it is entered

is there anything at all in Romney’s stump speech that’s true? It’s all based on attacking Obama for apologizing for America, which he didn’t, on making deep cuts in defense, which he also didn’t, and on being a radical redistributionist who wants equality of outcomes, which he isn’t. When the issue turns to jobs, Romney makes false assertions both about Obama’s record and about his own. I can’t find a single true assertion anywhere.


Sarah Reidy, the national director of scheduling for Jon Huntsman’s presidential campaign, had some stern words for her own party after the audience at a debate in California applauded the number of executions during Texas Gov. Rick Perry’s tenure, and then some in the crowd at a debate in Florida cheered when the moderator asked if a sick person without insurance should be left to die. In a post on her Facebook page, Reidy, who joined Huntsman’s campaign in August but was not speaking on its behalf in this instance, said the behavior made her “sick and sad” for the Republican party.

Probably the single most false claim in Rick Perry’s book is his view of the end of the Great Depression, namely that “recovery did not come until World War II, when FDR was finally persuaded to unleash private enterprise.” World War II is, of course, an example of the reverse. With the nation engaged in a total war against Germany and Japan, the federal government introduced massive distortions into the marketplace in order to maximize production of things that were useful for winning the war. That meant, among other things, massive rationing and price controls

there’s also no modern precedent for the out-of-power party being as widely loathed on Election Day as the GOP now is. And there will be many more opportunities in the next 15 months for congressional Republicans to inflict even more damage on the GOP brand. It’s enough to raise the possibility that the very forces that set out to destroy Barack Obama’s presidency from the moment it started could end up being the reason he gets a second term.

The GOP is now even less popular than during the impeachment of Bill Clinton. A party that focuses relentlessly on maintaining tax breaks for millionaires, refusing to compromise on anything, all the while acting to paralyze the government in hopes that dysfunction will redound to its benefit is very difficult to deal with. But normally parties don’t act this way because normally party members are more responsive to public opinion. (via The Republican Party Is Very Unpopular | ThinkProgress)