bankrupt paradigm

The deepest economic downturn since the Great Depression… Steve Keen insists we need ‘weapons of mass economic reconstruction’.

Congressional as well as State and local leaders are confused. There’s much clamor based on old ideas, but few are facing facts. There’s real challenges that are unmet in energy, infrastructure, healthcare, education, trade….

Change is a very real thing.

Thomas Palley, Financial Times Economists’ Forum, December 2, 2010:

The main difference between the Clinton and Bush administrations was the former’s willingness to offer some helping-hand policies to cushion the harsh effects of the invisible hand.

Differences in outcomes were not policy driven but reflect the fact the Clinton administration enjoyed the good fortune of the Internet investment bubble. It also benefitted from the beginning of the housing bubble when American families had plenty of untapped home equity and credit.

President Obama’s fateful decision to go with Clintonomics meant the recession was interpreted as an extremely deep downturn rather than a crisis signaling the bankruptcy of the neoliberal paradigm that has ruled both Republicans and Democrats for thirty years.

Tax cuts don’t trickle down !

Lew Prince:

I’ve run a small business for more than 30 years, and the claim that more tax cuts for the rich can generate jobs at small businesses is ridiculous.

Expecting high-end tax cuts to trickle down as job creation is about as reasonable as pouring gasoline on your hood and expecting it to run your engine.

My company’s success or failure is tied to the economic health of our 24 employees, our customers, our community, our state and our country.

The quick-buck artists who have increasingly dominated our financial system since the 1970s don’t care about the long-term growth of companies or the well-being of the people who work at them. Now they’re trying to sell us more tax cuts for the rich — cloaked in concern over small-business owners and jobs.

When tax cut lobbyists tell you that small-business owners will use the money saved from lower tax rates to hire someone, they’ve got it backward. If Congress wants to help my company — and other small businesses — create jobs, it should support tax and economic policies that boost broad-based consumer income and spending.

the tax obsession

Ending tax cuts for the rich is enough to give $30,000 jobs to 3 million !

Rep. Alan Grayson:

Madam Speaker, we’ve heard endless braying from the Republicans, time after time, demanding an extension of tax cuts for the rich in this country.

They tell us that somehow extending tax cuts for the rich will somehow create jobs. When we’ve had tax cuts for the rich for nine years and I haven’t noticed a lot of jobs being created in nine years.

They tell us it will boost the economy well I haven’t noticed that happening for nine years either. So you have to wonder why they persist in this mania, this obsession of theirs that we need to have tax cuts for the rich when the economy is flat on its back and unemployment is almost 10%.

I think I have the answer. The answer turns out to be very simple.

They want tax cuts for the rich because they want a tax cut for themselves.

What do I mean by that?

Let’s take a look at the people who are really in charge, the ones who actually run the Republican party.

development & maintenance

I slightly altered this.

You learn.
After a while you learn the subtle difference
between holding a hand and chaining a soul,
and you learn that love doesn’t mean leaning
and company doesn’t mean security.
And you begin to learn that kisses aren’t contracts
and presents aren’t promises,
and you begin to accept your defeats
with your head up and your eyes open
with the grace of maturity, not the grief of a child,
and you learn to build all your roads on today
because tomorrow’s ground is too uncertain for plans
and futures have a way of falling down in mid-flight.
After a while you learn
that even sunshine burns if you get too much.
So you plant your garden and decorate your own soul,
instead of waiting for someone to bring you flowers.
And you learn that you really can endure.
That you really are strong.
And you really do have worth.
And you learn. And learn.

Jorge Luis Borges:

to question, explore, experiment, experience, walk, run, dance, play, eat, love, learn, dare, taste, touch, smell, listen, argue, speak, write, read, draw, provoke, emote, scream, sin, repent, cry, kneel, pray, bow, rise, stand, look, laugh, cajole, create, confront, confound, walk back, walk forward, circle, hide, and seek.

to seek: to embrace the questions, be wary of answers.

extremist flipping

from MindBlog:

Members of Congress are more extreme than the voters they represent.

And:

Voting out one extremist led to replacement by someone equally extreme, but of the opposite party.

Strange, wacky, incredible. Voters are swapping extremists!

The median member of the 109th House of Representatives was more conservative than the median American voter, but the median member of the 110th House of Representatives was more liberal.