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23 year old Yankee fan displays greater economic expertise than Obama team

Submitted by Ironman on Thu, 04/16/2009 - 22:04
in

When the time comes to replace Tim Geithner, might I suggest than Kelly Rutkowski, a 23 year old fan of the New York Yankees from New Jersey, might be an improvement

“I literally can’t afford to keep warm at this game,” Rutkowski said. “Can I just tell you, David, this is a sin. I’m freaking freezing, and there’s no way I’m spending $125 on a freaking sweatshirt, because that’s how this country got into this mess.”

The President talks about building our economy on a "new foundation"

Having dealt with construction financing in my career, I would suggest an economy based on well over $9 trillion in deficit spending.  is hmm...not based on a firm foundation.

Perhaps we ought to find out how many "$125 hoodies" our tax dollars are paying for?

Getting back to my old nabe I know what a rock looks like:Go to fullsize image and I know what sand looks likeGo to fullsize image

Looks like we're payin for a lot of sand.

I'm sure Ms. Rutkowski can tell the difference between the Palisades and the Jersey Shore.

Our President, hmmm....not so much?

 

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Comments

Well, he probably had to

Submitted by In between on Fri, 04/17/2009 - 05:04.

Well, he probably had to stand up for the whole game. And this is what Bush has done. Bush left us with no foundation and no future. Now we have to spend to prevent a depression and invest in the future. We didn't need a trillion dollar war and our jobs going overseas. It is time to rebuild the country. 

Stick to the Jake

Submitted by Ironman on Fri, 04/17/2009 - 06:33.

The new Yankee Stadium may be an expensive monument to the Steinbrenners ability to raise public and private money, but I have no reason to believe it isn't comfortable. I get the promotional brochures and it looks like a country club inside.

The problem herein is the patrons are gouged to pay for all the new wonderful creature comforts and the place to all accounts lacks the ambience of the old park.  A view into our future?

BTW, IB, AIG has gotten more funds in six months than we spent in Iraq in a whole year. It took the bailout to make the war look cheap. And while there was an exit strategy from Iraq, socialism usually means a permanent "occupation".  

50 years is fine by me McCain had an exit strategy?

Submitted by RisingTide on Fri, 04/17/2009 - 11:00.

all I heard was an entrance strategy for Iran.

Because, you know, Mccain was also a Keynesian (I listen to one of his strategists a lot...)

JM Keynes was a fine wine

Submitted by Ironman on Fri, 04/17/2009 - 13:23.

These guys are a tankerload of muscatel.

If they can;t tell the diff between counter-cyclical pump priming and permanent expansion of the public sector, well, it's beyond my meager powers to correct their ignorance.

we're doing a good job of countercyclical pump priming

Submitted by RisingTide on Fri, 04/17/2009 - 14:02.

via unemployment and transportation things (plus the whole bail out the states who can't issue debt due to their constitutions).

it's what's holding america together right now.

yeah, but it's the open ended out year commitments

Submitted by Ironman on Fri, 04/17/2009 - 14:19.

that are going to drag us down. And the way business is being done in DC right now, they can;t tell the good from the bad.

Besides, the "automatic stabilizers" (lower payroll taxes; more spending on benefit programs) are a lot more robust then in prior downturns. And there's less political "grease" for that anti-recession program to worry about.

On the discretionary side, we are going to go into hock to be building bike paths and hiring community organizers in 2012.  To solve economic woes in 2009. And the debt will be on the books until...when?

Not a good deal.  Might look like a $125 hoodie by the time we're through

 

I expect changes to come from the top...

Submitted by RisingTide on Fri, 04/17/2009 - 14:30.

not from "DC" itself. ;-)

Meh. Webb's moving on the prison industry, and I wish him the best of luck with that!

You're right that we've got much better automatic stabilizers than we did in the Great Depression -- if you don't count our sweatshop labor.

Much of the transportation aid has already been allocated -- and building bike paths not only improves health but also reduces dependence on foreign oil. Not that that means that it should go into a stimulus, purely on that virtue.

On AIG, maybe we have

Submitted by In between on Fri, 04/17/2009 - 06:56.

On AIG, maybe we have corporations that are too big to fail. Maybe there are flaws in the private sector. We know socialism is a flaw, but also there are areas of capitalism that has flaws.

I have no problem with the New Yankee stadium, it is progress. However we do lose the ambience as we move forward. Now if we can build the rest of the country, instead of failed policies. The ambience in the Midwest looks dismal.

 

$125 Sweatshirt

Submitted by thirdeblue on Fri, 04/17/2009 - 09:35.

Who pays $125 dollars for a sweatshirt anyway?  I mean really.  I spent $50 on a Lebron James jersey for my son over the weekend at the Cavs game against the Celtics and I nearly cringed.  I'm not even stingy, but I know when I'm being taken advantage of. 

The analogy I thought of wasn't the analogy that the poster created.  I thought of the home industry where people were ld to believe that 400, 500, 600 thousand dollars was a reasonable price to be paying for a house that you could get for 85,000 in po-dunk Midwest.

The Steinbrenners think someone must

Submitted by Ironman on Fri, 04/17/2009 - 09:44.

anyway, the problem herein is the Yankees have "invested" mightily in an expensive new state of the art ballpark using...hmmm...debt. So how does one pay off this debt?

By jacking up costs to the consumer.

The critical flaw in Obama's economic reasoning is out there in plain sight. 

Ms. Rutkowski realizes she would get absorb excessive debt to obtain the comfort of the sweatshirt, hence she is willing to put up with temporary discomfort rather than add to her  long term debt.

She is obviously not on the Obama economic team.

Note to Self

Submitted by Cahnman on Fri, 04/17/2009 - 13:13.

When you go to your first game at the new stadium next tuesday, BRING YOUR OWN DAMN SWEATSHIRT!!!

For those of you, like me, who are too cheap to pay inside the stadium prices for adult beverages here's my own personal Yankee stadium tradition: there's a public park a few block east of the stadium.  Drink two 40's in said park BEFORE you enter the stadium.

I hope this helps.

Cahnman out.

Promote the Bronx economy

Submitted by Ironman on Fri, 04/17/2009 - 14:23.

spend a few bucks at the dive bars on River Avenue. Also avoids a possible summons for open container from the NYPD.

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