Economist Robert Kuttner tells us that concerns about depression trump deficits.
Recent Comments
 | Eric Kirk on Online Petition to the Board o… |
| Eric Kirk on Online Petition to the Board o… |
 | suzy blah blah on North Coast Environmental Cent… |
 | That Other Anonymous on Online Petition to the Board o… |
| That Other Anonymous on Online Petition to the Board o… |
| That Other Anonymous on Online Petition to the Board o… |
| That Other Anonymous on Online Petition to the Board o… |
| That Other Anonymous on Online Petition to the Board o… |
| That Other Anonymous on Online Petition to the Board o… |
 | Cookie on Online Petition to the Board o… |
 | Narration on North Coast Environmental Cent… |
| Narration on North Coast Environmental Cent… |
| Cookie on Online Petition to the Board o… |
| That Other Anonymous on Online Petition to the Board o… |
| suzy blah blah on North Coast Environmental Cent… |
7 comments
Comments feed for this article
November 29, 2008 at 11:31 am
Ernie's Place (Branscomb)
The key words there was; “We Recapitalized industry, we invested in science and technology.” The left out part was; “We rebuilt the American industry and rebuilt our economy, not China’s.”
We are doing nothing but pissing money away and making the rich richer if we don’t bring industry back to America. A good place to start is to provide for the national product. And start building infrastructure.
But, that would help too far down the ladder, and they want all the money at the top were they can control it.
November 29, 2008 at 12:01 pm
Mr. Greenjeans
Yup. Republican economics is top down (trickle down) which is bullshit. Tickle up is the way to go. If Mr. Moneybags has an idea and he does a good job with his product or service than the people at the bottom (me) will buy his product or use his service and Señor Moneybags will become rich. As it has been with Bush, Bush and Raygun us poor people run behind Señor Moneybags hoping that he will leave some crumbs behind for us but Señor Moneybags just hides his money in his offshore tax free investment vehicle so that the little people never get any of it. Remember Henry Ford made sure his workers could afford his cars? That seemed to work pretty well for him. He could have tried to squeeze his workers so that they could barely survive and Ford would not have sold near as many cars and we would not be bailing Ford out now because he would have gone under many years ago. And there you have it.
November 29, 2008 at 1:05 pm
Moviedad
You hit the nail on the head Mr. Ernie, we are no longer first in manufacturing. Where do the (fill in tag-line) get the idea that we will be able to buy all this crap from china, when people are struggling to just pay all the bills that the Federal Government allowed the Corps to charge us. everything from mandatory insurance, to registration fees, to high rents, to impossible tuition. They have $*&%ed us good. we are in a form of economic slavery. I saw a bumper sticker on Broadway the other day: “Piss off a ‘Liberal’, Work Hard and Be Happy. what it really means is: “Its ok to have to work at least two jobs to get by, Its ok that most of your life is spent making money to give it up to the rulers. Its OK that the children of the corporate-class get a free ride through college, while my kids only choice is a lifetime of debt. Oh yeah, sure, I could work “Hard” and pay their way? I don’t think so, what do I start saving the few dollars that might be left over after bills? I should have enough in a few hundred years. I’m so sick of these traitors defending the people who only gain when my children lose. and then to see some moron calling us lazy, because we don’t think it’s a good life when you work yourself into an early grave so that the Trumps and the Milkens of the world can eat off of gold plates and buy sex with twenty year olds. a bunch of “Jews for Hitler” that is the mentality of working class people defending and maintaining the status quo, against their own interests.
November 29, 2008 at 6:15 pm
Mr. Greenjeans
Hey Moviedad maybe you have heard of the good ole days when mom/wife stayed home and was a housewife and dad /husband was the bread winner. These days if you only mentioned that it would be nice to do that, you would be looked at as if you were… well, a liberal. So now we have husband and wife working their fingers to the bone and still can’t support a one child family let alone a three of four kid family. And send them to collage? HAHAHAHAHAHAHHAHA Jeez, they can’t even pay their credit card debt.
November 29, 2008 at 6:58 pm
Moviedad
One of the many parts of this bail-out nonsense that irks, is that the “Financial Institutions,” we are “rescuing” are the very same companies that have enslaved a whole generation through credit card debt. Forget ‘School Loan Debt,’ credit card debt is huge. these companies sneaked around regulations that prevented them from giving credit to young adults who did not have the means to pay. How long are they going to cry about the bank’s bad-debt. whats so bad about it? they have used their usurious practices to create huge debts based on what exactly? some textiles from the big stores. I would wager that if you first looked at the cost, in purchases; which created the amount due, and second, looked at the current debt the “Financial Institution” is collecting on. the latter would outweigh the former by ia large percentage. No, I can’t prove it with data here and now, but do I really have to? does anyone not think that most of debt owed to credit card companies is not late charges, fees and services?
I can’t wait for the defenders of the ‘Supermen’ of Wall Street, to attack. Really, are they ever going to do a Blessed thing for us. If you make less than a couple of hundred grand a year, then you’re about 90% of us. At 200 a year you might be able to send your child to college. but if you have a medical event, forget it. I guess I’m just jealous of the northern Europeans. They have it so much better, and we made it possible for them to have their Socialism, just like we are making it possible for the rich families in America.
November 30, 2008 at 12:38 pm
Nick Bravo
We’ve been on a debt standard since 1970. The federal reserve is a private arm of international bankers.
November 30, 2008 at 3:57 pm
Eric Kirk
Actually, since 1932 when Keynesian policies ascended. Or are you talking about the abandoning of the gold standard? Nixon’s move was really just a formality. Most economists had regarded it as anachronistic long before then, and it really hadn’t been followed in any meaningful way for decades.