Tag: stimulus

We have to pass this bill quickly

More confirmation Obama is the last US president.

SOCIAL SECURITY CHANGES  

It does not matter if you personally like or dislike Obama.  You need to sign this petition and flood his e-mail box with e-mails that tell him that, even if the House passes this bill, he needs to veto it.  It is already impossible to live on Social Security alone.  If the government gives benefits to ‘illegal’ aliens who have never contributed, where does that leave those of us who have paid into Social Security all our working lives?

As stated below, the Senate voted this week to allow ‘illegal’ aliens access to Social Security benefits.

Attached is an opportunity to sign a petition that requires citizenship for eligibility to that social service.

Instructions are below.  If you don’t forward the petition and just stop it, we will lose all these names.

If you do not want to sign it, please just forward it to everyone you know.

Thank you!

To add your name, click on ‘forward’.  Address it to all of your email correspondents, add your name to the list and send it on.

When the petition hits 1,000, send it to comment@whitehouse.gov

There was Never Supposed to be Another Great Depression

(crossposted from Cobalt6)

Yes that’s right.  There never was supposed to be another great depression.  It was never gonna happen.  The rich guys were way too smart to ever let anything like that happen.  This was part of the first advice I ever received about how to plan my finances for life.  Sitting on the front porch in Bridgewater in the Spring of 1975 at the ripe age of 23, my new financial guru, kindly providing his services as a benefit of my employment, went on for quite a while about how the bankers and politicians had learned their lesson very well and that there would “never, no way, ever, be another Great Depression.”

He is in grave danger of being wrong.  Thirty-three years later we find ourselves at the precipice.  We are in an economic crisis that is looking so deep and so wide that no one really understands it, and no one knows how to get us out of it.  Our leaders have a plan and they are trying to implement it but the going is slow.  Will the new law now going into affect slow the fall enough so that we can pull ourselves out of it?  The reviews are mixed. There is a lot of debate and shouting on both sides. Can we spend ourselves out of the ditch we’re in?

Obama, long may he wave.

PhotobucketI have but one question for the Obama loyalists.  Do you guys ever get tired of saluting the flag?   Just because we support Obama and all agree he was 1,000 10 times better than anyone else running doesn’t mean we have to put our brains on a shelf.  

Why did he lie to us, and why aren’t the Democrats holding him accountable?  We are not stupid.  We can see what is going on.   All this distraction about bi-partisanship as if millions of unemployed, broke, and homeless middle class Americans care.

No salary caps for CEOs.  No torturers, war profiteers, or WS crooks going to jail.   Just lots of hot air surrounded by smoke and mirrors.

How about a truth commission on the bailout?

I shouldn’t be surprised by now. But I still was when I read the article this morning in the Washington Post explaining that the cap on executive pay has been removed from the stimulus bill. I knew what Congress was doing yesterday by bringing the Wall Street executives in and scolding them in public was a dog and pony show. But I had not realized how profoundly full of shit these politicians are.

 

Nationalize the damned banks already.  They’re stealing us blind.  Geithner is a WS insider, and the wrong man for this job. If we aren’t getting tax dodger and Republican appointments, we are getting the cat assigned to guard the canary.  If I have to bailout their sorry asses, I want to own them.  

While we are at it, who did us this favor?

A Sanders-Grassley amendment to demand TARP recipient banks stop firing U.S. workers and replacing them with foreign guest workers was ripped out of the bill.

Last but not least, what’s all this noise about Obama and Social Security?  We can pay for  the Bush war profiteers and the ongoing WS bailout of Washington’s financiers and cronies, but they, by god, are going to save us from the burden of  social security.

You have no idea how bad Democrats are starting to look on the heels of all that campaign rhetoric.  Change  my ass! I am getting sick and tired of all of them and the horses they rode in on.  

Manufacturing Tuesday for the week of 02.09.09



Welcome everyone to the latest edition in the Manufacturing series.  I do hope everyone is doing better than our economy.  The President was on television talking about jobs.  He had visited a town in Indiana where the unemployment rate had reached 18%.  The stimulus plan being laid before us, President Obama hopes, will eventually lead to several million jobs. But before we get to the latest on jobs and manufacturing, let’s look at this week’s Numbers.

How does anyone make it on $263 million a year?

The disparity in wealth in this country is obscene, and the failure to restrain the mindless and monumental greed that led to it has been our downfall.

jfk-John_F_Kennedy_MINE

The income of the 400 wealthiest Americans swelled in 2006, soaring nearly 23 percent from the previous year, to an average of $263 million, according to data released Thursday by the Internal Revenue Service. Since 1996, this group has nearly doubled its share of all income earned in the United States.

The top 400 paid just more than $18 billion in federal income taxes in 2006, or an average of $45 million, on a record $105 billion in total income – the lowest effective tax rate in the 15 years since the agency began releasing such data.

The New York Times

How Bad? Worse Than Bad.

The ongoing and rapid collapse of the US and Global economy, far from being an abstract series of events, is being brought home forcefully and concretely to millions of people on a personal level with the loss of their jobs and consequent drastic reduction in their ability to not only purchase things they want for themselves and their families but even to purchase the basic necessities of life and obtain things they need.

A cycle pushing us into a self reinforcing deflationary spiral in which less and less people are able to support the dwindling economy with their purchases which causes even more job loss and less economic activity, and so on, as we saw highlighted in very sharp focus in How Bad? This Bad with the graph from Swampland compiled using Bureau of Labor Statistics numbers that:

…compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession — showing how dramatic and unprecedented the job loss over the last 13 months has been.  Over the last 13 months, our economy has lost a total of 3.6 million jobs – and continuing job losses in the next few months are predicted.

By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.

The response from the government so far, from the Bush administration and the Congress, and continuing through into the new Obama administration, has been attempts at bailouts of the very wealthy in the financial sector, through shoveling money at manufacturers such as the auto industry so they can continue producing products in the face of crippling reductions in sales revenues, effectively “stealing” money from their prospective customers who were already more and more unable to buy their products, to finally with the current administration to an ostensible “stimulus” bill supposedly aimed at “creating” jobs.

All of which has been and is being done by saddling taxpayers, the very people these attempts have been ostensibly aimed at “helping” with long-debunked “trickle down” economics, with enormous and growing crushing future debt and thus crippling their future as well as present ability to purchase products and services, and crippling future prospects for an economic recovery.  

Class Warfare: Heroic Labor (pictorial)

One thing about the New Deal is that it was well documented.  Some of the best photographers of the day were hired by Roy Stryker in the Farm Security Administration.  Lewis Hine worked for the TVA/CCC.  

Pretty much every New Deal agency sent photographers out to document both the need for their activities, and also the results.  There’s some terrific photographs which don’t have the artist identified.  And I do mean artist.

Back in the days of the New Deal, there was a lot of emphasis on work.  On labor actually.  Organized labor was a force, and the powers that be were worried about insurrection from the left in the US.  So it’s not surprising that work is depicted in an heroic light.  

In light of the debates over what is or isn’t worthy of inclusion in the stimulus package, I thought it might be interesting to look at work in FDR’s day.

Cross posted at Daily Kos

Heads I win, tails you lose.

No matter what one’s point of view is on Obama or his policies, there is no doubt that he is under estimating his mandate for change and in real danger of losing the war for the hearts and minds of the people that gave him that mandate.

Frank Rich

Slumdogs Unite!

The tsunami of populist rage coursing through America is bigger than Daschle’s overdue tax bill, bigger than John Thain’s trash can, bigger than any bailed-out C.E.O.’s bonus. It’s even bigger than the Obama phenomenon itself. It could maim the president’s best-laid plans and what remains of our economy if he doesn’t get in front of the mounting public anger.

While I don’t think an old dog can learn new tricks, I’ll concede that Obama felt a need to at least “try” for bipartisanship so that he could say he did.   So now that it has failed and Republicans and Blue Dogs have seen how easy it is to beat him, what next?  

Maureen Dowd

Face facts: Republicans cleaned Obama’s clock this week.

In his first weeks padding around a White House that still has nails on the walls waiting for new pictures, and phone and e-mail kinks, Barack Obama could not locate the bully pulpit and ended up being bullied.  –snip–

The lawmakers had been feeling disillusioned that they were carrying Mr. Obama’s water on the bill, while Obama aides triangulated and promised that the bill would “improve” in the Senate.

Nancy Pelosi told her leadership team that she had told the president, “I don’t mind you driving the bus over me, but I don’t appreciate your backing it up and running over me again and again.”

The same way the man made levees in NOLA were no match for Katrina, the stimulus bill, no matter how big, is unlikely to hold back the destruction brewing in the American economy and just waiting to hit millions of American families across the land.

Of Flag Pins and Shirt Sleeves

Just a whimsical post this morning. Several things of varying importance have occurred to me in passing this week. I review the importance of Flag Pins, shirt sleeves and a new description of the Republican strategy for defeating the stimulus package.  You also might want to check out the new word I found to “pin” on Republicans. I share below the Fold. Enjoy!

Your stimulus dollars at work…in Europe

Ya Think? Your tax dollars at work people!? Pictures, Images and Photos

Obama and the Democrats campaigned on jobs, buy American, taxing companies that ship jobs overseas, supporting unions and renegotiating trade.  

So far, Obama and the Democrats are flip-flopping on all of it; and I can’t help but ask, WTF are they doing?  

Don’t worry, they WILL learn.

And by “they,” I mean the Republicans.

The Republicans who are vowing to oppose the stimulus bill.

The Democrats don’t need to learn to avoid bipartisanship.

The Republicans need to learn how to embrace it, and they should learn that lesson quickly.

Obama Improving Stimulus based on Progressive Feedback

I wrote about progressive criticism of the stimulus plan last week:

Sen. Harkin: Obama’s Plan looks like “trickle-down”; Summers: “Message Heard, Loud and Clear”  (also, an earlier version on docudharma: https://docudharma.com/show…

The message was heard and is being acted on.  Barack Obama and his administration-to-be has been listening to Democrats and now is revising the stimulus plan.

Emerging from a two-hour meeting in the Capitol with Obama advisers Lawrence Summers and Jason Furman, Senate Democrats praised the President-elect’s team for agreeing to make changes to its stimulus proposal based off of concerns senators raised last week at a meeting with the president-elect’s senior aides.

Politico: Big changes to Obama stimulus plan

More, after the fold

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