dagblog - Comments for "Jeff immelt, you need to rescue this dog!"

Erica, thanks for your

Oxy Mora — Fri, 05 Aug 2011 22:01:16 +0000

In reply to Oxy Mora, this is great--I

Erica, thanks for your comments. As far as corporate profits are concerned, a $200 million loan to a job enterprise or infrastructure bank would have almost no effect on profits because a bond issue would cost so little in interest as to be statistically insignificant. And even that is tax deductible. One of our problems is that the people who need low interest loans can't get them. You need to be too big to fail to get 1% loans. But the corporations can do it. The $2Trillion in cash in the Fortune 500 is essentially sitting idle.

We don't have an economic crisis. We have a crisis of will and of imagination.

I was just listening to a guest on MSNBC, Leo Hindery, a former corporate executive.He said what you just said. There is a strong populist thread developing and it needs to bed channeled the way it has been in the past, not just the left, more importantly the right. What we need are simple straight forward ideas. And the will and imagination to try new things.

I guess I wasn't surprised to hear Mr. Hindrey say that the stumbling block to the infra-structure bank is Geithner himself. He wants only his kind of bank, the Wall St. type and the President listens to him. When I hear things like that I wonder why we place any faith at all in this administration.

Oxy Mora, this is great--I

erica20 — Fri, 05 Aug 2011 19:05:31 +0000

In reply to Jeff immelt, you need to rescue this dog!

Oxy Mora, this is great--I love the idea of the telethon & have been thinking about something similar for the 2 Million jobs by Christmas initiative--with a big chart like they use for telethons and United Way drives. Also, I love the idea of the President phoning the CEOs and getting them to explain live exactly why they couldn't just accept lower profits in order to provide jobs here instead of overseas.

I will say, though, I think we should dump this thing on the private sector first and get them to admit they can't do it without govt. help/centralized planning. We really need people to get over the idea that the private sector does everything better than government if we're going to move forward. Otherwise the private sector will just continue to whine about how govt makes it impossible for them to act.

****

Maybe it's just me, but I'm seeing a strong populist thread developing since this whole debt ceiling thing...which I think is very good. We've hired so many experts to make the Democratic case for things--time for some simple ideas that give people a way in to a deeper discussion and put the Republicans on the spot in a way everyone can understand.

Additional note. It's obvious

Oxy Mora — Fri, 05 Aug 2011 15:51:51 +0000

In reply to Jeff immelt, you need to rescue this dog!

Additional note. It's obvious Congress is not going to appropriate a dime for unemployment insurance, infrastructure spending or other stimulus. The exception is a transportation bill, but the immediate impact on the economy is unclear.

What is not obvious but highly suspect is whether Congress is intentionally placing a drag on the economy in order that the economy continues to struggle and Obama fails.

Frankly, I don't know if corporations are holding back for the same reason. I doubt it. I think they just have better investment opportunities overseas. Should they hire and spend money even when they know the domestic demand isn't there? That's a hard argument to make to a Board of Directors. But could the Obama administration use the bully pulpit for a change to get corporations out of their normal boxes and take direct action--well, that would be an issue of Presidential leadership, wouldn't it. Audacity, remember? We will never know until we try.

Richard, I am much obliged.

Oxy Mora — Fri, 05 Aug 2011 15:36:09 +0000

In reply to There are scores of live

Richard, I am much obliged. Talk about lacking skills, ugh, me.

There are scores of live

Richard Day — Fri, 05 Aug 2011 15:23:01 +0000

In reply to (No subject)

There are scores of live rescue dogs at this link:

http://www.youtube.com/user/baldwinparkdogs?blend=7&ob=5#p/u/2/WWc30978zwg

And you can just go to youtube and type in 'rescue dogs'.

You can go to Google and type in rescue dogs along with your locality.

(No subject)

Richard Day — Fri, 05 Aug 2011 15:19:09 +0000

In reply to Jeff immelt, you need to rescue this dog!

Richard Day (he has an

Oxy Mora — Fri, 05 Aug 2011 15:11:55 +0000

In reply to Jeff immelt, you need to rescue this dog!

Richard Day (he has an amazing stash) or anyone, please contribute pictures of rescue dogs. Or better yet, pictures of the unemployed. And let's get something straight between us. The economy is the dog, not the unemployed. Thanks, Oxy.