|Total Credit Market Debt as a % of GDP|
Sunday, December 18, 2011
Saturday, October 29, 2011
|Chart published by by G. William Domhoff, University of California, Santa Cruz|
The GOP is more interested in being right than in solving economic problems. The Democratic Party is more interested in appeasing everyone than in doing what is right.
Supply-side ideology failed, as the past 30 years of deregulation and lowering taxes have ended the previous 40 years of shared prosperity for 100%. Just as the Great Society also failed with taxes that were too high and a government that was too big.
The Irony of America: Most Americans do not want socialist redistribution of wealth in the form of big welfare programs and most Americans do not want plutocratic redistribution of wealth in form of top the 1% getting massively rich at the expense of everyone else.
It is not either/or, despite the raging debate on 24-hour cable and Internet.
Since the middle of the 19th century, he American Dream has been fulfilled with a combination free-markets and socialist economic principles.
Most Americans want:
1. Money out of politics
2. World-class public schools and infrastructure
3. A solvent social safety net
4. An effective combination of de-regulation and regulation
I think we can all agree on these four things. So, let’s "‘git ‘er done!”
Saturday, September 17, 2011
Americans have always rallied around causes of democracy, liberty and freedom. Our passion to live and die by these ideals has led to many great military victories, including the one that led to the birth of our nation. Now, we are a people starved for glory. Once the Cold War ended, there was no common enemy to rally around. We relished the win over Soviet communism, but once the victory-rush was over, we were rudderless without a new enemy. And instead of an external enemy, a new enemy was found within: the Federal Government. A first expression of this was manifest in 1995, with the Oklahoma City bombing. With Bill Clinton at the helm, fear of a “New World Order” motivated the most extreme and militaristic elements of society. But with 9/11, a new external enemy emerged and gave new cause for those who relish and rejoice in freedom-fighting. By 2006, a war-weary country realized that it had been lied to and duped. And, with the al Qaeda enemy mainly dispersed into the craggy shadows and mountains in a far away land another enemy was needed. He emerged in the form of the President of the United States of America. And, that is what motivates the Tea Party today and that is why the GOP cares more about removing President Obama, all Federal safety-nets, welfare and anything considered an entitlement, than they care about enacting polices that may help the nation.