You’ve thrilled to Rezkogate, Wrightgate, Ayersgate, and Blagogate! But if you’re anything like me (God help you), you’re already looking ahead and wondering what Obama’s next guilt-by-association scandal will be. What kind of wacky shenanigans has Mr. Obama vicariously gotten himself into this time? Well, feverishly speculate no longer, because I have found the answer:
From the efficient-market theories, to the concept of man as rational profit maximizers, much of the edifice that is was the Chicago school of economics is based on a foundation that is false, disproven or otherwise questionable.
(…)
If there is one silver lining in the entire collapse, its that this group of intellectual charlatans have been revealed as utterly wanting.
That’s right, it’s Chicago-School-Of-Economicsgate! Barack Obama was a member of the University of Chicago faculty for twelve years, and not once has he given us any explanation of his relationship with the economics department there. He has told us nothing about how close he was to Professor Emeritus Milton Friedman, the founder of the disastrously laissez-faire economic philosophy.
Oh sure, the Obamapologists may say that Obama was only a law professor and had nothing to do with economics, but check out this damning passage:
I first encountered the Chicago theory in law school…. I found the extremist legal theories of Judges like Richard Posner and Frank Easterbrook intellectually repulsive. They were undemocratic, anti-representative government. When I told a professor that the law and economics movement was an attempt at a political coup, he laughed and said, try to stop it.
You see? The law department was part of the Chicago School as well! And note Ritholtz’s omission of any mention of Barack Obama – which can only mean that someone got to him before he published this post, using bribes or intimidation to keep him quiet. Could Obama himself have been the nameless, shadowy professor who mocked Ritholtz’s dire and prescient concerns? It would be irresponsible not to speculate.
What is Barack Obama hiding about his involvement in the financial crisis? The American people deserve the truth!
I joke, but the reality is that Obama was somewhat influenced by the Chicago School, and is consequently a fan of markets, but doesn’t consider them so infallible that they don’t need regulation or repair. He’s also comfortable with spending money to stimulate the economy, which is more Keynes than Friedman. So he’s not a total laissez-faire Kool-Aid drinker, thankfully.
The humor for me isn’t so much whether or not Obama is hiding a connection to the Chicago School (he’s actually pretty open about it, and economics adviser Austan Goolsbee is from the UofC biz school), it’s the conservative and media eagerness to tie any kind of Illinois scandal to Obama because, well, he’s in Illinois. That, and the idea that a connection to the Chicago School would ever be considered scandalous.



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Obama used to eat his arugula in the cafeteria at the University of Chicago.
And don’t forget Eli, who kicked over that lantern that started the Great Chicago Fire?
And why won’t Team Obama release any and all documentation including emails they have about it?
Where was Barack Obama when it was time to milk the cows?
I saw Obama do an illegal horse-collar tackle in the Bears-GB game last night.
ELITIST LAISSEZ-FAIRE arugula.
Eli you are teh awesome.
Can we make this into a cottage industry for the next 8 years?
[Kidding!]
No, no, that was O’*Leary*.
Or so the Obamans would have us believe.
Personally, I’m closer to the laissez-ass school.
and don’t forget discredited* German modernist architect Mies van der Rohe, who taught at IIT and designed glass houses. some best not throw stones, eh?
*by post-modernists
lamo, the opener is prize:
w3rd! WTF!
May we have some real executive abuse plz?
Paul Krugman was never a Chicago School Economist. Krugman just confirmed he’s been talking to the Obama Econ Team:
http://www.politico.com/blogs/…..team_.html
Damn, pigeonholing used to be so easy, but not anymore. Ah…the good ‘ol daze!
Got mah degree rat cheer, er, somewhere. Hafta look fer it sumday.
Mies van der Rohbama?
Barack Hussein O’Leary you say?
That’s alright then. Since he’s Irish, me relatives back on the Emerald Isle will be glad to know I voted for him.
What’s a little fire between kith and kin?
Hey, I was at Stanford when Condi was provost. So you can pretty much forget about me running for anything, ever.
Nothing would please me more if association with Chicago School were the death knell of a pol. In fact, it’s been quite the opposite as Chicago types are willing to commit all sorts or coups, assassinations and other mayhem to prove they are right. Shock Doctrine, dontcha know.
Digg is open if you dare
he must be associated with that community organizer Uppity Sinclair, too.
Well, actually there have been headliners here who have tarred Obama with the Chicago School of Economics brush… Just sayin’…
You went to college? …mind boggled…
the refugee from Biden-Biden?
What self-respecting pigeon would hold still for it?
Fixed it for ya.
Yeah, he’s certainly not purely liberal economically, but he’s not purely conservative either.
Eli worked the grill at Kirk’s in Palo Alto for 4 years, and claims he went to Stanford.
Yes, Mies Van Der Rohe…an associate of Communist Revolutionaries. Republicans everywhere should stomp such people out. Make certain that any influences on young, malleable minds are eliminated…
Just like this
He doesn’t seem to be purely liberal anything at all, but we all knew that, didn’t we? I remain cautiously optimistic. Hell, after the last 8 years he can’t possibly be worse…
Grillt by association.
“Obama, tainted by contact wind from Lake Michican, goes tilting at windmills”
Well, lessee, I’ve met JFK, spent a couple hours with King Hussein of Jordan and had lunch with Generalissimo Franco. Guess I can kiss ever runnin’ for dog catcher goodbye.
a lyin’ cook?
And why is he on vacation and not doing something about it? Good Lord, he has been on vacation more days than he has been in the White House!!!!!11
on economics it’s not conservative vs liberal like on social issues – it’s the class war of the establishment elite vs the rest of us.
Dude, if I worked at Kirk’s, I would never have left.
He remains currently dead, correct?
707
Far as I know.
Pups did you notice CBS did a story on BUSHES e-mail IT man Mike Connell?linky here
http://www.cbsnews.com/stories…..topStories
Merry X
Beats a fryin’ crook.
And the guy’s been dead, what, 3-4 days? They’re right on top of it. Lotta dead guys bein’ talked about here.
Party Hints and Communist Revolutions
Aw, now yer gettin’ all serious ‘n shit on us.
Obama just ate Spam Sushi in Hawaii, so does that mean he’s now associated with “StayHard4life” who keeps sending me multiple emails everyday?
How low will Obama stoop?!?
Oh, shit, gag me with a spoon.
Re: Richard Posner. I used to think he was a principled conservative, and dipped into him from time to time for that reason and because he explicitly brought economic reasoning to bear on legal issues.
Then he wrote his book about Catastrophe and as near as I can tell, he went nuts after that. Catastrophe argues that the way to handle a low-probality-high-consquence event is to use a cost-benefit analysis. Thus, even though it is a very low probability event that an asteroid would wipe out the earth, since it is the classic existential threat, we should devote all necessary resources to developing the science that could divert an asteroid threatening to hit the earth, regardless of the cost.
http://www.amazon.com/Catastro…..38;sr=1-14
However, iirc, nowhere in the book does he mention existential threats like global warming (I didn’t read it, but I scanned it fairly thoroughly, so if I’m inaccurate, I’m eager to be corrected.) So, therein lies a tee-insy prejudice, dontcha think?
That was shortly followed by his book on the Constitution not being a suicide pact in times of national emergency.
http://www.amazon.com/Catastro…..38;sr=1-14
Now you know exactly how a formerly (giving him the benefit of the doubt) principled conservative, who uses intellectual tools, can become a fascist in an eyeblink. I believe it is called sophistry. Another of my idols with feet of clay.
I don’t know what his view about Israel is, but I can guess: Whatever it takes to maintain the Jewish state.
I’m still trying to figure out whether spam sushi can be considered elitist or not.
I listened to Don Quixote this past summer. 34 discs at over an hour apiece.
LOL
We must immediately divert all of our resources to protect Israel from a deadly asteroid strike!
in a “so bad it’s almost good” way? even that’s a reach.
You just can’t find that kind of fine cuisine on the mainland.
You are so much more short-winded than I am. Thanks!
I listened to Don Quixote this past summer. 34 discs at over an hour apiece.
yikes. I trust you were seated, i.e. not Sans chaise
Seeing is believing:
http://lafiga.firedoglake.com/…..-a-musubi/
Depends on whether you’re the one cleanin’ bait or wielding the pole.
Sushi = bait on a plate
That, mah dear, is perseverance.
Certainly helps bust the “Hussein Obama iz Muslin!!111!!!111″ fabrications.
Way to go, now we’ll be trying to break up the asteroid unions.
I listen to audio books when I do outside work or ride my bicycle. I have also now developed the skill to follow a recipe & listen to a book at the same time. Just baked 3 different cookie recipes while listening to Molly Ivins, Who Let the Dogs In.
I was collecting dead wood & carting it to the burn pile this summer while doing DQ.
I feel so dirty.
He probably just pretended to eat it because he knew he would need to trick people into thinking he wasn’t a Muslim when he ran for president.
All part of the plan…
Yuk.
No, ’cause it’s that exotic, foreign kind of stuff.
And did you see that Cokie Roberts got some sort of not very great award for that comment…maybe like the most off-the mark, useless, etc (Cannot recall the specific honor)She earned it.
See my 59 for the circumstances. I certainly could never have actually sat down & read DQ. It’s all fantastic adventures that certainly have some allegorical significance that is lost on me, but are great romps if you are otherwise engaged.
It’s a mystery meat, isn’t it? Certainly not derived from any traditional food animals.
I believe it’s pork (short for Spiced Ham), so no go for Muslims.
It’s pork. Ever eaten sweatbreads in a French restaurant?
Cokie certainly deserves recognition for maintaining a consistently high standard of irrelevance.
Not sweatbreads, nitwit, sweetbreads. Sheesh.
Aargh, Ya’ll still are mangling it up, First, sushi is vinegar marinated rice, which is NOT used to make a Spam Musubi… plain rice is used, maybe seasoned with Furikaki… Second, Sashimi, is raw fish… And, thirdly, if ya haven’t tried, please refrain from making derogatory comments about it because it is better than the sum of its parts… Specifically the Spam… (rant off…) Mahalo! ;-)
catering to the “Booyah!” base.
No, but I saw a French woman wearing a sleeveless dress wedge a loaf of bread under her arm and march home for dinner.
It is time that there be an investigation of Obama’s involvement in the notorious voter fraud in Illinois–indeed, in Chicago–that resulted in an illegitimate victory for JFK as a presidential candidate in 1960.
Was Obama, even at that early age, palling around with Mayor Dailey?
*shudder*
That sounds Hormelable
My late husband would often order sweetbreads in French restaurants. I never had the nerve, because when I asked him what it was, he didn’t know. Now, over 20 years later, we can google it & find that it is the thymus gland. Sounds like a possibility. Have you eaten it? Do you like it?
http://en.wikipedia.org/wiki/Sweetbread
Anything that wanders too close to the mincer is fair game.
was she wearing a hairnet at least? ahem…
In Japan. Never did like it. Must do everything not to embarrass the host.
so sorry.
That sounds really good to me, but I was raised eating Spam.
Delish, when I was a meat eater.
yes. yummy.
“Barack Hussein Obama II (pronounced /bəˈrɑːk hʊˈseɪn oʊˈbɑːmə/; born August 4, 1961) is the President-elect of the United States.”
This fabricated birthdate is only part of the cover-up, a distraction to mask the truth that Obama was born in a madrassa in Indonesia in the 1950s.
Me too. Eggs, grits and Spam for breakfast. Pancakes and Spam for breakfast. Spam sandwiches. We always thought it was just a southern thing.
Sorta like Scrapple. No, not Scrabble.
Damn, I thought he was born in Nanking to one of Mao’s concubines.
No and I gather au jus would have been superfluous.
Sashimi? I agree it’s an acquired taste… Which I’ve acquired… my favorite manner of raw fish is Poke… Preferably, hot Korean Kim Chee base added to Ahi… Ono…! ;-)
See my 82.
Yep, none of this Americanized crap.
I thought he was born in Kenya. That’s what someone said on CSpan.
Also, he was actually born in 1975, making him too young to be eligible.
I’ll give it a try, my next opportunity. As I remember, sweetbreads are typically served in a creamy mustary sauce, and how could that be bad?
In France it’s not the food that puts weight on ya, it’s the damn sauces.
Phoenix Woman is upstairs!
Christopher Cox: A Blast from the Past
And have we ever seen his parent’s marriage certificate? We certainly don’t want a bastard as U.S. prez. That would be too ironic and must certainly be unconstitutional.
The trouble with France is that they don’t have a word for sauce.
I was born eighteen days before Obama, UNLESS my birth date is fabricated too. Man, these conspirators are thorough.
Heh, does the fact that the fish was caught in American waters and all the ingredients are grown in Hawaii/USA… count as American…! ;-)
LOL.
Hey, couple folks want to join our ignoring the inauguration party. We gotta come up with a topic between now and then.
Nah, it’s the portions. There are very few fat French people because they eat smaller servings.
No, and we haven’t even seen his birth certificate! That’s the point the guy on CSpan was making. He’s not eligible to be president. We have to stop him before he has a chance to surrender to the terris.
Is that all? If only A’Mer’kins had so little of their own to fix.
Best books read during 2008?
Cokie “Einstein” Roberts tol’ me that Hawaii was a furin country, so no.
We must get to the bottom of this before 1/20. Otherwise the whole civilized world is doomed.
If that fails, the next step will be to prove that Hawaii isn’t actually part of the United States.
No, because people who can enjoy fresh fish AND Spam must be elitists living in ivory towers.
I didn’t say anything about fat French people. *g*
Aw, shit, now I gotta make a list. *g*
Oh my goodness no. Other words the French are lacking are entrepreneur, pomme frites, quelle domage, je ne sais quois, n’est pas, and les jeux son fait.
Otherwise, the French are perfect.
Surely you jest. We all learned this year that Hawaii is “exotic” and therefore not part of “real” American.
I keep a list. *g* Which is why I suggested it. Heh. Lots of good ones but none that are WAY above the pack.
That might be enough to disqualify him right there.
Cokie “Einstein” Roberts tol’ me that Hawaii was a furin country, so no.
Heck, to Cokie anywhere outside of the Beltway is a furin country…! ;-)
only one?
Yeah, Obama sure showed how out of touch he is with main street USA when he went there to visit his mother in law! What an elite foreigner.
I think his visit to Hawaii (previous to the current one) was to see his dying grandmother who raised him. He was critized for emotional manipulation of voters. As near as I can tell, no one apoligized after his grandmother died.
He went to Hawaii to visit his grandmother, his mother-in-law lives in Chicago. I’ve never considered Chicago particularly exotic, except maybe for Rod Blagojevich’s hair.
Well, for starters. Sorta like this thread.
Looks like I owe you a beverage. Whatcha drinkin’?
So ya wanna bloviate about gossip while the next savior of the civilized world is being annointed?
He was critized for emotional manipulation of voters.
At best. The real crazies suggested that he went over there to knock her off so she couldn’t spill the beans about his foreign birth certificate.
Scotch on rocks. Got plenty. Pour urself a big one.
Oops, it was his dying grandmother. Well still, that isn’t a good enough reason to visit such and exotic place. It idn’t part of Amerukuh and he shouldn’t have gone there.
OMG, I luckily never saw that! Right around the bend.
Yeah, I’m sure that was the real reason.
Wow, that’s two civilization saviors in a row. Are we lucky, or what?
The U.S. of A. is blessed with wonderful leaders. Ya know, desperate times call for desperate leaders. /s
That sounds good too. I can always tell the story of the highly intoxicated lady at our office Xmas party last Friday.
Do tell!
Stream of consciousness will probably prevail. It is somehow irresitable.
Nope, I’m savin’ that one for the party and there’s no way I’ll forget it between now and then. Let’s just say it’s a bit risque.
Heh. Is it time for me to pull up my panties because this party is getting dirty? Or should we all move upstairs and pollute the next thread?
Eli’s threads are always like this.
Dang. There’s never any alcohol at *our* office parties. And the drinks are always in bottles or cans, so there aren’t really any spiking opportunities.
Naw, you gotta wait too. I don’t know that PW would appreciate us takin’ this thread upstairs.
At least I’ve managed to avoid talking about the Yankees signing Teixeira. Man, did that ever come out of nowhere.
She was well oiled when she got there.
But we had all kinda booze. Had to take my own single malt jug, though. Boss drinks that J & B swill.
They still can’t seem to manage to buy the World Series. They suck.
The Rays got rid of Edwin Jackson. Great speed but has control problems. Opposing teams kill him in the first couple innings.
We don’t get much of that either.
Not since when I was on night shift, anyway…
Isn’t Judith Campbell Exner from Chicago too?
They never really replaced the gritty character guys (especially Paul O’Neill), and their farm system’s been pretty crap, especially for starting pitching.
I had an epic and depressing battle with a commenter on one of the Newsday blogs who insisted that A-Rod was a perfectly fine postseason player, and much better than Brosius. (I had said that A-Rod’s great for getting you *to* the playoffs, but if you want to win them, you’d be better off with Brosius)
(I then saw the same commenter trashing A-Rod’s postseason play a few weeks later…)
I can remember when the Dodgers had the best farm system in baseball.
((( Eli )))
I can also remember when players spent their entire career with one team.
Luckily they had Reid as Catcher …
Is it time for pitchers to report yet?
I think the Albuquerque Dukes were a part of that farm system. Good tailgate parties and good baseball.
Yep. Minor league baseball is great fun.
Bush pitching and Reid catching … that’s how I’ll remember the last two years …
Hiya, Petro!
((( Hey Dood ))) … Merry Christmas !
… and also to everyone who celebrate the special day !
With the umpire with the seein’ eye dog from an old National Lampoon back cover. Now ah gotta go see if’n ah kin fine that thin.
… would that be the MSM ? *g*
Happy Holidays, dude!
(Hey, I’ve got a rep to uphold)
Bwahahaha … I’ve been dipping into the Holiday Spirits liberally meself …
TBogg is all over Malkin again, on the front page!
Poor guy…
The delightful holiday whimsy of Michelle Malkin
The amusing thing is that three of Obama’s Rubinites are also former employees and/or students of — wait for it — Joseph Stiglitz!
Kennedy would have won without Illinois. Illinois only had 27 electoral votes. 269 was the number needed to win; and without Illinois, JFK had 276 votes.
http://www.jfklancer.com/jfk/bio.html
Do we know why Sebago Associates is now-defunct?
Not worse, necessarily, but differently bad. He could uphold the constitution or not. He could be his own man (or ours) or beholden to unknown forces–Uncle Milty is one of them.
Only technically part of America. The US stole the islands and there is a strong movement by Hawaiians to reclaim their independence and sovereignty and kick the US out.
http://www.telegraph.co.uk/new…..rs%27.html
http://www.hawaii-nation.org/legal.html