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	<title>Comments on: Larry Summers&#8217; New Model: Details, Contradictions, And Odd Assumptions</title>
	<atom:link href="http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/feed/" rel="self" type="application/rss+xml" />
	<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/</link>
	<description>What happened to the global economy and what we can do about it</description>
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		<title>By: Lavrenti Beria</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19992</link>
		<dc:creator><![CDATA[Lavrenti Beria]]></dc:creator>
		<pubDate>Tue, 14 Jul 2009 14:05:40 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19992</guid>
		<description><![CDATA[Yeah, but the real Lavrenti Beria wouldn&#039;t be such a schmendrick as to spell the word incorrectly.]]></description>
		<content:encoded><![CDATA[<p>Yeah, but the real Lavrenti Beria wouldn&#8217;t be such a schmendrick as to spell the word incorrectly.</p>
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		<title>By: Per Kurowski</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19972</link>
		<dc:creator><![CDATA[Per Kurowski]]></dc:creator>
		<pubDate>Tue, 14 Jul 2009 09:34:58 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19972</guid>
		<description><![CDATA[Supercilius? Something the real Lavrentia Beria would call a little fella who dared to criticize him?]]></description>
		<content:encoded><![CDATA[<p>Supercilius? Something the real Lavrentia Beria would call a little fella who dared to criticize him?</p>
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		<title>By: Lavrenti Beria</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19955</link>
		<dc:creator><![CDATA[Lavrenti Beria]]></dc:creator>
		<pubDate>Tue, 14 Jul 2009 05:12:43 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19955</guid>
		<description><![CDATA[&quot;I do not feel above it all ...&quot;

Sure you don&#039;t, chief, you just keep believing that. To be charitable, let&#039;s just say you virtually define the word, supercilious. 

&quot;... but that does not mean I have to be below it all.&quot;

Well now of course you don&#039;t, little fella, but with that noxious whiff of arrogance you&#039;re giving off, I&#039;d say that somehow you&#039;ve managed to pull it off, eh?

&quot;Son, go to the web and look up Lavrentia Beria.&quot;

Now I promise not to tell anybody if, while doing your research, you find it necessary to look up the meaning of the word, supercilious. I haven&#039;t got the slightest doubt that you&#039;ll need to. :-)]]></description>
		<content:encoded><![CDATA[<p>&#8220;I do not feel above it all &#8230;&#8221;</p>
<p>Sure you don&#8217;t, chief, you just keep believing that. To be charitable, let&#8217;s just say you virtually define the word, supercilious. </p>
<p>&#8220;&#8230; but that does not mean I have to be below it all.&#8221;</p>
<p>Well now of course you don&#8217;t, little fella, but with that noxious whiff of arrogance you&#8217;re giving off, I&#8217;d say that somehow you&#8217;ve managed to pull it off, eh?</p>
<p>&#8220;Son, go to the web and look up Lavrentia Beria.&#8221;</p>
<p>Now I promise not to tell anybody if, while doing your research, you find it necessary to look up the meaning of the word, supercilious. I haven&#8217;t got the slightest doubt that you&#8217;ll need to. :-)</p>
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		<title>By: Per Kurowski</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19941</link>
		<dc:creator><![CDATA[Per Kurowski]]></dc:creator>
		<pubDate>Tue, 14 Jul 2009 02:27:22 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19941</guid>
		<description><![CDATA[I do not feel above it all but that does not mean I have to be below it all.

Now if you feel it is an honor to express your opinions under that pseudonym, that&#039;s your right but just the same my right is to feel no qualms to self serve myself objecting this.

Daddy daddy what did my grandfather opine? Son, go to the web and look up Lavrentia Beria.]]></description>
		<content:encoded><![CDATA[<p>I do not feel above it all but that does not mean I have to be below it all.</p>
<p>Now if you feel it is an honor to express your opinions under that pseudonym, that&#8217;s your right but just the same my right is to feel no qualms to self serve myself objecting this.</p>
<p>Daddy daddy what did my grandfather opine? Son, go to the web and look up Lavrentia Beria.</p>
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		<title>By: Lavrenti Beria</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19926</link>
		<dc:creator><![CDATA[Lavrenti Beria]]></dc:creator>
		<pubDate>Mon, 13 Jul 2009 21:09:31 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19926</guid>
		<description><![CDATA[Aw, now have we&#039;ve gone and offended your carefully nurtured sensibilities, young lady?]]></description>
		<content:encoded><![CDATA[<p>Aw, now have we&#8217;ve gone and offended your carefully nurtured sensibilities, young lady?</p>
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		<title>By: Lavrenti Beria</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19925</link>
		<dc:creator><![CDATA[Lavrenti Beria]]></dc:creator>
		<pubDate>Mon, 13 Jul 2009 21:04:20 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19925</guid>
		<description><![CDATA[The pseudonym, Lavrenti Beria, was apparently not quite sufficiently &quot;disgraceful&quot; to prevent a full reading of the comment&#039;s text by you, eh, Mr. Above-It-All. You remind me of the hypocritical judge who just has to review the pornographic film to determine whether or not its filthy. In the future you can spare us the phony, self-serving outrage.]]></description>
		<content:encoded><![CDATA[<p>The pseudonym, Lavrenti Beria, was apparently not quite sufficiently &#8220;disgraceful&#8221; to prevent a full reading of the comment&#8217;s text by you, eh, Mr. Above-It-All. You remind me of the hypocritical judge who just has to review the pornographic film to determine whether or not its filthy. In the future you can spare us the phony, self-serving outrage.</p>
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		<title>By: kathy</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19916</link>
		<dc:creator><![CDATA[kathy]]></dc:creator>
		<pubDate>Mon, 13 Jul 2009 18:40:33 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19916</guid>
		<description><![CDATA[Wow.  When did these comments become so political, and so much less erudite?]]></description>
		<content:encoded><![CDATA[<p>Wow.  When did these comments become so political, and so much less erudite?</p>
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		<title>By: Per Kurowski</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19888</link>
		<dc:creator><![CDATA[Per Kurowski]]></dc:creator>
		<pubDate>Mon, 13 Jul 2009 11:53:40 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19888</guid>
		<description><![CDATA[Well with respect to “humanity at its sordid worst” he is at least surpassed by he who feels he should express his opinions to the world using such a disgraceful pseudonym as Lavrentia Beria
It is disrespect to all of us!]]></description>
		<content:encoded><![CDATA[<p>Well with respect to “humanity at its sordid worst” he is at least surpassed by he who feels he should express his opinions to the world using such a disgraceful pseudonym as Lavrentia Beria<br />
It is disrespect to all of us!</p>
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		<title>By: Lavrenti Beria</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19843</link>
		<dc:creator><![CDATA[Lavrenti Beria]]></dc:creator>
		<pubDate>Mon, 13 Jul 2009 00:38:08 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19843</guid>
		<description><![CDATA[For anyone who at this point doesn&#039;t think that  Timothy Geithner is one of the oiliest ducks on the pond, this from Karl Denninger:

http://market-ticker.denninger.net/archives/1207-Geithner-Bankers-STOOGE.html

Make sure to view the video, it epitomises a vision of humanity at its sordid worst.]]></description>
		<content:encoded><![CDATA[<p>For anyone who at this point doesn&#8217;t think that  Timothy Geithner is one of the oiliest ducks on the pond, this from Karl Denninger:</p>
<p><a href="http://market-ticker.denninger.net/archives/1207-Geithner-Bankers-STOOGE.html" rel="nofollow">http://market-ticker.denninger.net/archives/1207-Geithner-Bankers-STOOGE.html</a></p>
<p>Make sure to view the video, it epitomises a vision of humanity at its sordid worst.</p>
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		<title>By: Ted K</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19835</link>
		<dc:creator><![CDATA[Ted K]]></dc:creator>
		<pubDate>Sun, 12 Jul 2009 23:12:30 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19835</guid>
		<description><![CDATA[Senator Boehner&#039;s cab won&#039;t pick up Obama?? What&#039;s up with that??? Senator Boehner doesn&#039;t like Sotomayer either??? 

George Wallace owned the taxi company???  Hmmmmm......
http://www.youtube.com/watch?v=sZCbb3PveWw&amp;feature=related]]></description>
		<content:encoded><![CDATA[<p>Senator Boehner&#8217;s cab won&#8217;t pick up Obama?? What&#8217;s up with that??? Senator Boehner doesn&#8217;t like Sotomayer either??? </p>
<p>George Wallace owned the taxi company???  Hmmmmm&#8230;&#8230;<br />
<span style="text-align:center; display: block;"><a href="http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/"><img src="http://img.youtube.com/vi/sZCbb3PveWw/2.jpg" alt="" /></a></span></p>
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		<title>By: Ted K</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19834</link>
		<dc:creator><![CDATA[Ted K]]></dc:creator>
		<pubDate>Sun, 12 Jul 2009 23:02:42 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19834</guid>
		<description><![CDATA[This song is dedicated to the 2 times divorced, 3 wives super hypocrite, Catholic dude named Newt Gingrich.  
http://www.youtube.com/watch?v=axV796uzNTE]]></description>
		<content:encoded><![CDATA[<p>This song is dedicated to the 2 times divorced, 3 wives super hypocrite, Catholic dude named Newt Gingrich.<br />
<span style="text-align:center; display: block;"><a href="http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/"><img src="http://img.youtube.com/vi/axV796uzNTE/2.jpg" alt="" /></a></span></p>
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		<title>By: Ted K</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19832</link>
		<dc:creator><![CDATA[Ted K]]></dc:creator>
		<pubDate>Sun, 12 Jul 2009 22:19:54 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19832</guid>
		<description><![CDATA[^^^ double click the upper part of the above picture to watch. Are the guys at the White House drunk on apples and M&amp;Ms???? Ask Brian Williams of NBC---he&#039;s on the job 24/7.  No M&amp;M candy or apple will join the CIA wiretaps without Brian Williams approval.]]></description>
		<content:encoded><![CDATA[<p>^^^ double click the upper part of the above picture to watch. Are the guys at the White House drunk on apples and M&amp;Ms???? Ask Brian Williams of NBC&#8212;he&#8217;s on the job 24/7.  No M&amp;M candy or apple will join the CIA wiretaps without Brian Williams approval.</p>
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		<title>By: Ted K</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19831</link>
		<dc:creator><![CDATA[Ted K]]></dc:creator>
		<pubDate>Sun, 12 Jul 2009 22:08:37 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19831</guid>
		<description><![CDATA[Next time it won&#039;t be the levees of New Orleans that break.  It will be the Financial levees of America. Obama!! .....Obama!! ..... are you listening Obama!!!!!  General Zod (Goldman Sachs) is here!  MAYDAY!!! SOS!!!
http://www.youtube.com/watch?v=TDLfDzeDG2c&amp;feature=related]]></description>
		<content:encoded><![CDATA[<p>Next time it won&#8217;t be the levees of New Orleans that break.  It will be the Financial levees of America. Obama!! &#8230;..Obama!! &#8230;.. are you listening Obama!!!!!  General Zod (Goldman Sachs) is here!  MAYDAY!!! SOS!!!<br />
<span style="text-align:center; display: block;"><a href="http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/"><img src="http://img.youtube.com/vi/TDLfDzeDG2c/2.jpg" alt="" /></a></span></p>
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		<title>By: whess</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19829</link>
		<dc:creator><![CDATA[whess]]></dc:creator>
		<pubDate>Sun, 12 Jul 2009 21:46:18 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19829</guid>
		<description><![CDATA[There are no Messiahs nor Darth Vaders, just some fairly frail humans who once in power cannot get beyond the limits of their ideology. As we sink into another trough, I agree with the first question: why do we persist in our deficit/lower taxes response to recessions? This sounds like the logic of an addiction.  Just a little more spending and some tax relief and I&#039;ll be okay. 

Blaming an oligarchy (which I quite agree is what we have) doesn&#039;t solve the problem.  We need that alternate vision that Simon refers to in his piece on Upton Sinclair.  

Politically, Obama ran on a vague notion of change that sometimes in his speeches peaks out, but I suspect that whatever that fuller vision is, he fears it is too radical to fly politically. 

Problem: without a compelling political vision that substantially restructures the relationship between government and the people, much as Lincoln did at Gettysburg and Roosevelt with the New Deal, there is no significant recovery.  Instead we will plod along like a character from a 19th century novel dying from tuberculosis, the flush high spirit and rosey cheeks mask the progression of a fatal disease.]]></description>
		<content:encoded><![CDATA[<p>There are no Messiahs nor Darth Vaders, just some fairly frail humans who once in power cannot get beyond the limits of their ideology. As we sink into another trough, I agree with the first question: why do we persist in our deficit/lower taxes response to recessions? This sounds like the logic of an addiction.  Just a little more spending and some tax relief and I&#8217;ll be okay. </p>
<p>Blaming an oligarchy (which I quite agree is what we have) doesn&#8217;t solve the problem.  We need that alternate vision that Simon refers to in his piece on Upton Sinclair.  </p>
<p>Politically, Obama ran on a vague notion of change that sometimes in his speeches peaks out, but I suspect that whatever that fuller vision is, he fears it is too radical to fly politically. </p>
<p>Problem: without a compelling political vision that substantially restructures the relationship between government and the people, much as Lincoln did at Gettysburg and Roosevelt with the New Deal, there is no significant recovery.  Instead we will plod along like a character from a 19th century novel dying from tuberculosis, the flush high spirit and rosey cheeks mask the progression of a fatal disease.</p>
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		<title>By: Bruce</title>
		<link>http://baselinescenario.com/2009/07/11/larry-summers-new-model-details-contradictions-and-odd-assumptions/#comment-19795</link>
		<dc:creator><![CDATA[Bruce]]></dc:creator>
		<pubDate>Sun, 12 Jul 2009 15:37:04 +0000</pubDate>
		<guid isPermaLink="false">http://baselinescenario.com/?p=4332#comment-19795</guid>
		<description><![CDATA[You hit the nail on the head. There is only so much money and we know where it all is, Wall Street. We also know who&#039;s being paid off to keep it that way, our elected officials. A few million citizens camping around the Capital building would change that. Blogging is like masterbation, it offers some relief but just doesn&#039;t get the job done.]]></description>
		<content:encoded><![CDATA[<p>You hit the nail on the head. There is only so much money and we know where it all is, Wall Street. We also know who&#8217;s being paid off to keep it that way, our elected officials. A few million citizens camping around the Capital building would change that. Blogging is like masterbation, it offers some relief but just doesn&#8217;t get the job done.</p>
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