MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
Our dominant zombie political culture has gone full-spectrum Hoover. Now even prominent Democrats try to one-up Republicans on who can do a better job drowning the New Deal in a bathtub.
Here's Howard Dean going batshit crazy and doubling down on deficit hawkishness and the Hooverite deficit commission:
http://www.msnbc.msn.com/id/21134540/vp/40838855#40838855
Apparently Dean has decided that the path to America's political heart in 2011 is to affect a swaggering fiscal meathead machismo, preach the new gospel of Pain from the cable soapboxes and out-dumb Republicans on the manly battlefield of austerity mania.
Meanwhile, none of these economy stranglers seems to notice or care that great heaping gobs of American humanity are unemployed, and about half of us are treading water violently just to keep from slipping beneath the waves.
Here's a video by Brown University and Watson Institute political economist Mark Blyth on the pan-Atlantic austerity disease. The video was posted on September 27th, but is still relevant:
http://watsoninstitute.org/news_detail.cfm?id=1388
More by Blyth today on Tarp and impending bank failures:
http://www.huffingtonpost.com/mark-blyth/the-real-reason-that-the-_b_802...
Blyth's takeaway moral:
TARP and associated programs worked. They saved the global payments system. That is what they were supposed to do. They were not supposed to save small-cap banks from their own investment decisions. They were also not designed to save a business model that may have run its evolutionary course.
Finally, it is a good time to review Jamie Galbraith's courageous testimony before the deficit commission back in June:
http://www.newdeal20.org/wp-content/uploads/2010/06/deficitcommissionrv.pdf
Comments
Good God all-Friday; that was depressing to hear from Howard Dean. Guess he won't be leading any resistance movement, will he? He let Holtz-Eakin get away with such dangerous nonsense. I'd forgotten he's on the financial crisis inquiry commission; guess that's why so many words and terms have been disallowed, according to Brooksley Born. Words like 'fraud'.
The Blyth videos were great; we need to get them posted around. He simplifies things, and he delivers it all well.
Next will come Too Big to Save, according to Simon Johnson, and I think Joseph Stiglitz. Dean isn't really that much of a moron, is he, to think that there aren't fantastic uses for government spending that actually have decent returns? Or that investments that provide jobs widen the tax base?
And for God's sake, why isn't Doctor Dean countering 'cuts in Medicare' talk by speaking of controling health care costs, and advocating for Medicare for all? I don't get it.
by we are stardust on Wed, 12/29/2010 - 11:03pm
So it does not look like there are going to be many happy endings this coming year?
by Richard Day on Thu, 12/30/2010 - 9:03am
It surprises you that Howard Dean is a deficit hawk!? You slept through his run for president? Can I remind you that many early "Deaniacs" liked him precisely because he offered a fiscally conservative alternative to other Democrats?
Many more examples @
http://www.ontheissues.org/2004/Howard_Dean_Budget_+_Economy.htm
by artappraiser on Thu, 12/30/2010 - 10:13am