Tag: recovery

The Virtual Recovery or Major Structural Change

Paul Craig Roberts is, in many ways, one of the most interesting political commentators of our time. I’m not going to say he is always right but he is very happy to think outside the box of our traditional political arrangements. He is on the left and the right–he is an example of the sort of thinking we need that will transcend the traditional “liberal/conservative” categories which have become just our version of competing soccer hooligans. My few years of commenting on Daily Kos showed me how vicious so-called liberals are when confronted with ideas that go beyond slogans.

Robert’s latest essay deserves some attention and is available here. What he is saying, essentially, is what he has been saying for some time that our “recovery” is not really a recovery if you factor in real inflation. He makes the point that current government announcements about the economy are similar to government announcement on the wars we undertake, i.e., they are false.

I would go further I don’t believe we are in a long-term depression or recession in the traditional sense–what we are undergoing is a major structural change in our political economy and our society that reflects the current cultural reality.

The single most important thing to understand about the culture we live in is that it is now not based in creating a vibrant economy or even maintaining and expanding an empire. Its focus is on enabling most Americans to live in a world of custom fantasies because, for a variety of reasons, that is what most Americans want. Most Americans do not want to face reality or think beyond their daily tasks that put them in a position to watch reality shoes, sports, pursue various addictions and create their little interesting dramas. Larger-scale interests where we act in common are devalued. The source of meaning for us, increasingly, lies in fantasy role-playing because, without ever realizing it, the plutocrats have cut off our political legs by creating a system of propaganda and mind-control, sometimes using science and often just creative genius, to make people believe that they need product X or need to vote for candidate Y. The ability for the corporate state to control its subject population through capturing, not so much its consent, but its subconscious is what marks our age. Thus we do not question the phony statistics on inflation or unemployment or anything else. Thus we are unable to put two and two together to make four unless some authority says it’s so.  

With a “recovery” like this, who needs recession?

  While nearly everyone has acknowledged that the so-called Recovery has been pathetic at best, the implication that most people take for granted is that it is still better than the Great Recession.

  But is that assumption true?

 Take for example a very bottom line measurement – your paycheck.

 Median annual household income has fallen more during the recovery than it did during the recession, according to a new study from former Census Bureau officials Gordon Green and John Code. Between December 2007 and June 2009, when the U.S. economy was in recession, incomes declined 3.2 percent. While during the recovery between June 2009 and June 2011 incomes fell 6.7 percent, the study found.

 This situation won’t change anytime soon, as 9 in 10 Americans don’t expect to get a raise this year.

  That by itself should cast doubt on the assumption that this “recovery” is real, but there are other ways to measure it as well.

Waiting for the big one: Price discovery

With caveats, Barry Ritholtz sez the recession is over, and essentially that one couldn’t kill the remaining zombie perma-bears if you strapped them to a nuke and launched them into the Sun (which the true bears believe has already happened.  The rest is just travel time.).

As a perma-bear who believes that the United States is manifestly in an advanced state of moral, political, and economic decrepitude, I found his breezy optimism startling, and potentially even “dangerous,” as in “the sound of great applause lauding folly, then a long period of silence” kind of dangerous.

Is Voinovich just the first brick to Fall from GOP’s Stonewalling Rhetoric?

There is a crack daylight, that may topple the Republican’s Wall of Inaction.

Voinovich breaks with GOP to push for small-business incentives

Lori Montgomery, Washington Post Staff — Sept 10, 2010

Retiring Sen. George Voinovich (R-Ohio) said he plans to help push a package of small-business incentives through the Senate next week, a move that would give President Obama and congressional Democrats a key victory on the economy in the final weeks before the November midterm elections.

In an interview, Voinovich said he could no longer support Republican efforts to delay the measure in hopes of winning the right to offer additional amendments. Most of the proposed GOP amendments “didn’t have anything to do with the bill” anyway, Voinovich said, and amounted merely to partisan “messaging.”

“We don’t have time for messaging,” Voinovich said. “We don’t have time anymore. This country is really hurting.”

Finally a Republican Senator with some Integrity, who is willing work for the folks, that Voted him into Office  (instead of working against their interests, for his own gain …)

Democrats: KYAG!

Photobucket

I hope Democrats enjoyed their brief ascendance, and that the Muslim-Socialist-Usurper has a few more pretty words left in his bag of tricks for his defense at impeachment, because I have a feeling we are going full-metal-jacket wingnut come November, regardless of whether the Gulf is still spewing oil or not.

Heckuva job.

New meme: The GOP is Sabotaging America’s recovery for political gain. They hope WE fail

Crossposted at Daily Kos

    They don’t just hope HE (President Obama) FAILS, they hope America fails, and they (The Republican party) are helping it happen by obstructing reform and fighting job growing legislation that will help America recover.

    They hope you lose your job and go broke so that you are pissed off and miserable, and they hope this lasts until 2010 and 2012 so you can take it out on the incumbents who are in office, and when we “throw the bums out” Republicans will finally get back the political power that they crave so much.

    The Republican party is sabotaging America’s recovery for political gain.

    This is the new meme that we as Democrats should push in order to expose the elected Republicans for what they are, fake patriots who put politics above the best interests of their own nation.

    More below the fold.

Considered Forthwith: The Small Business Committees

Welcome to the 17th installment of “Considered Forthwith.”

This weekly series looks at the various committees in the House and the Senate. Committees are the workshops of our democracy. This is where bills are considered, revised, and occasionally advance for consideration by the House and Senate. Most committees also have the authority to exercise oversight of related executive branch agencies.

This week I’m examining the House Committee on Small Business and the Senate Committee on Small Business and Entrepreneurship. These are not the most glamorous committee assignments, but anyone who owns, plans to own, or works for a small business should pay attention.  

The Stupidity Reserve: America’s economic salvation

What if there were a secret store of wealth that America could use to pay down its debts and restore prosperity? What if we could free hundreds of billions of dollars to reinvigorate our society and restore confidence to industry and financial markets? Such a reserve does in fact exist. It is our accumulated store of institutionalized stupidity.

Readers of “Dilbert” who have worked in large organizations must constantly explain to children and other innocents that the pervasive stupidity depicted in Scott Adams’ comic strip is only slightly exaggerated. It exists in every corner of our “efficient” quasi-capitalistic marketplace. In prosperous times, institutionalized stupidity is annoying, but in times of extreme economic difficulty, this huge reservoir of dysfunctional behavior is inevitably tapped as desperate necessity becomes, temporarily, powerful enough to overcome the general human tendency toward stupid institutional behavior.

Whence institutional stupidity? The best answer I can come up with is that our species is designed by evolution to adopt destructive simplifications of behavior. The eagerness of individuals to substitute obedience to simple rules for independent development of specific solutions is the foundation of institutional decay. Fixed rules substitute for context-based decisions and dogmas crowd out considered judgments until schools produce dropouts, prisons incubate criminals, food plants ship toxic peanut butter, and Vista bogs down your computer. As every institution ages, the accumulation of irrationality in its growing mass of rules, dogmas, and habits raises the level of dysfunction and stupidity, until some final crisis sweeps away the accumulated mountain of folly.

A year ago, I began using the FIOS high-speed Internet service provided by Verizon, a huge telecommunications corporation. Ever since I began using FIOS, Verizon marketing personnel have contacted me, on average about twice a month, asking me to sign up for the FIOS service. Each time they call me, I carefully explain to them that I am already a FIOS customer, and they reply that they will not solicit me again. Then, a few weeks later, the phone rings again with another FIOS solicitation. Verizon has probably spent more money on re-marketing FIOS to me than they did on the initial installation of the service. This is not an isolated anecdote. Such stupidity accounts for hundreds of billions of dollars of waste. Let’s look at the big examples.

Katrina: The latest embarrassment

…also at orange

It seems our great national embarrassment, the federal response to Hurricane Katrina,  is the gift that just keeps on giving.

 

Katrina Fatigue, my ass.

PG-13 version crossposted a la grande orange and at the Blue House.

The day after Christmas, I’m heading back to the Gulf Coast for a week

with the volunteers. If The Muse doesn’t run out on me, this will be the first in a series of short and easy reads on what it all means. Or doesn’t.

This trip came about because we had some money left over from the last one.

After three trips with no skills other than strong backs, it was becoming pretty clear that unless we could kick it up a notch, there wouldn’t be much use in returning.  

14,000 in FEMA trailers on the Gulf. Finish The Job.

a l’orange aussi.

With federal relief money still bottlenecked in the system and 14,000 residents displaced by Katrina about to go through their third winter in FEMA trailers or tents, the housing charities of Mississippi are trying to raise $300 million dollars to Finish The Job of getting these people back into permanent housing. There’s more after the jump.