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Showing posts from August, 2011

Bold, Drastic Action Necessary

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Image via WikipediaThe Stimulus Bill Was Messed Up
Three Million Jobs
Global New Deal Needed
A Second Stimulus Bill Needed

The governments in America and Europe have to together come up with a two trillion dollar fund. A big chunk of that money has to go to connect every human being to high speed internet access. It will pay for itself. Down the line the infrastructure thus built would gradually be sold off to the private sector. Money thus received would pay for the expenses now. I foresee profits.

This has to be completed in one to two years.

The second step would be to lay down a new architecture for global finance. This is hard for Americans to do because that might involve bringing to an end the dollar's special place in the world.

There has to be a massive push for democracy. A universal spread of democracy could be brought about in a few swift years. Once that happens rule of law between nations can then be imagined. Once rule of law between nations has been established, A…

This Is About Global Warming

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Image via WikipediaPopular Mechanics: What Happens When a Super Storm Strikes New York?: Canton, Mo., a town of 2500 on the upper Mississippi River, has been at the center of an increasingly high-stakes environmental wager for years now. In the summer of 1993, a high-pressure system stalled over the southeastern U.S., forcing the jet stream, laden with moist air from the Gulf of Mexico, to the north, where it collided with cold air from Canada. As a result, rainstorms drenched the upper Midwest. Many towns received two to six times the normal amount of rainfall for June and July. ...... The Mississippi River crested at 13.8 feet above official flood levels in Canton, overtopping several local levees. That year, more than 1000 levees ruptured or overflowed along the Mississippi and Missouri rivers. Seventy towns, including Canton, flooded. The water stayed high for six months. ...... According to government statistics, the flood that Canton experienced in 1993 was a freak, one-in-500-y…

The Stupid, Stupid Bush Tax Cuts

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Image via WikipediaThe Bush tax cuts are the reason the Great Recession happened. The continuation of the same is the reason we are not fully out of the recession yet. And now I have Warren Buffett seconding that opinion.
New York Times: Stop Coddling the Super-Rich: While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors. ........ These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places. ...... …

London Has Become Cairo (2)

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Image via WikipediaWall Street Journal: Repressing the Internet, Western-Style: As the British police, armed with the latest facial-recognition technology, go through the footage captured by their numerous closed-circuit TV cameras and study chat transcripts and geolocation data, they are likely to identify many of the culprits. ..... Authoritarian states are monitoring these developments closely. .... They hope for at least partial vindication of their own repressive policies. ..... Prime Minister David Cameron said that the government should consider blocking access to social media for people who plot violence or disorder. ...... After the recent massacre in Norway, many European politicians voiced their concern that anonymous anti-immigrant comments on the Web were inciting extremism. They are now debating ways to limit online anonymity. ....... acts of terror briefly deprive us of the ability to think straight. We are also distracted by the universal tendency to imagine technolog…

London Riots: Debate

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The Stimulus Bill Was Messed Up

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Image via WikipediaIt was too small. It should have been at least a trillion. (Stimulus: Make It A Trillion, Stimulus: Size Matters)One third of the stimulus going to tax cuts was a huge mistake. That was like appeasing the Republicans, not one of who voted for the bill anyways. When the world appeased Hitler, World War II happened. When Obama appeased the Republicans, the Tea Party happened, and he lost the House. That one third should have been spent on jobs programs where you train people for a week and you send them out to work for $10 per hour, $20 per hour. (Three Million Jobs) The number one goal of the stimulus bill should have been to take every American to one gigabit per second kind of internet access. But most of the focus stayed on physical construction. That was the equivalent of FDR putting all his stimulus money into farm jobs. No, he focused on industries, and the jobs of tomorrow. There was not enough global focus. There were too many Great Depression lessons that we…

Three Million Jobs

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Image via WikipediaSend one million mentors into all the low performing schools across the country. Pay them.

Send one million people to white wash roofs across America. Pay them.

Get a million people to do the netroots thing on behalf of democracy movements across the globe. Pay them. Send 50,000 netroots activists to go out into the world to help those democracy movements from nearby countries.

My point being what America needs is a massive jobs program. And I say start with people who you can pay $10 per hour, $20 per hour.

These are people you should be able to put to work with a week or two of training.

Global New Deal Needed
London Has Become Cairo
A Second Stimulus Bill Needed
Related articlesThoughts On The Post Debt-Ceiling Dynamics Between the Democratic Establishment and the Netroots (crooksandliars.com)Read up on the budget deal. Demand transparency. Weigh in. Democracy demands it. (allthingsreform.org)At Netroots, all eyes on Wis. (politico.com)Day After Wis.: Will Dems …

Global New Deal Needed

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Image via WikipediaI am in agreement with Gordon Brown.
Gordon Brown: Global New Deal: America’s path to growth through higher consumption is blocked by high personal borrowing and negative equity. Another well-trodden road out of recession—a private investment spurt—has failed to materialize as businesses hoard cash in the absence of a growing home market. ........ And now that the debt deal will forestall the other traditional path—a stimulus from public investment—just one route to sustained growth remains that can prevent a decade of high American unemployment. ....... Obama should now refocus his attention on securing a global growth pact that will free the world as a whole, and particularly the West, from years of anemic growth. ....... far bolder: “America’s plan for the world economy”—to achieve for global trade and growth now what Gen. George Marshall’s plan did for the faltering world of the 1940s. ........ a “global New Deal” ....... Today, 60 percent of China’s income …

London Has Become Cairo

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Image via WikipediaPeople in America who seek to cut government spending in ways that will send the world economy hurtling down into a grand recession should look to London now. And you thought only Third World dictators needed to face street power.

This is not the time for austerity measures. This is the time for a Global Marshall Plan.

No black person before Barack Obama ever became President Of The United States. That was racism. Blaming Obama for what Bush did is racism. Blaming Obama for not having brought forth some kind of a leftist utopia is also racism.

When you disagree with Tea Party fiscal insanity and blatant racism, you support the other guy. That other guy is Barack Obama. There are too many liberals in America who neither oppose the Tea Party nor support Barack Obama and simply sit back and complain. These are people who only get energized whey they are completely thrown out of power. These are people addicted to powerlessness.

You have to learn to be in power. The…

A Second Stimulus Bill Needed

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Image via WikipediaNew York Times: Second Recession in U.S. Could Be Worse Than First: the economy is much weaker than it was at the outset of the last recession in December 2007, with most major measures of economic health — including jobs, incomes, output and industrial production — worse today than they were back then. And growth has been so weak that almost no ground has been recouped, even though a recovery technically started in June 2009. ..... When the last downturn hit, the credit bubble left Americans with lots of fat to cut, but a new one would force families to cut from the bone. Making things worse, policy makers used most of the economic tools at their disposal to combat the last recession, and have few options available. ....... the four years since the recession began ...... Today the economy has 5 percent fewer jobs — or 6.8 million — than it had before the last recession began. The unemployment rate was 5 percent then, compared with 9.1 percent today..... the typic…