Showing posts with label Obama economic policy. Show all posts
Showing posts with label Obama economic policy. Show all posts

Monday, October 26, 2009

Halloween Comes For the GOP!

Hey, all you crackers and other crooks,
"something wicked this way comes...!"*

*Something Wicked This Way Comes is a Ray Bradbury title and a GREAT book!

Everyone has been patiently listening to their wholly-owned Senators and the Congressional hill-billies squealing about socialism while they're dithering around, doing the business of their masters, but this Halloween season is bringing another little something to put in their bag of ill gotten goodies. Now, that "goodies" bag is usually just chock full of tax money they've looted during their "free market" Congressional rounds, but Halloween 2009 style may be something of a disappointing surprise for them.

Of course, all their complaints about the health care bill "traveling way too fast" through the Congress are only the latest masquerade they bring to the festival. Any bill moving as fast as this one is, simply put, moving too fast to be properly looted on its transit through the Senate. The looters find it rather troubling that Obama has no intention of slowing anything down.

Having made that now, road weary note concerning health care, we can move effortlessly to the point of this MeanMesa posting. Day by day it becomes more inescapably clear that the real complaint of the health care bill's detractors deals with an old, very traditional, Republican talking point. That would be "The Redistribution of Wealth." The Anti-Health Care Senators, sitting with massive $1,000,000 per day campaign contributions flowing into their all white war chests, are trying their best to protect their, uh, contributors from any possibility of having to "redistribute" their wealth.

The health insurance parasites are becoming unmanageably nervous. We see this in their desperate and pathetic, half-baked public relations adventures. The issue of "The Redistribution of Wealth" is, actually, precisely what is frightening them so much. Their idea of a good time has always been a nice monopolistic, non-competitive, forced labor camp world where they can set insurance prices freely -- that is, set premium rates with only the single reason being the fact that they just simply decide to increase their profits.

The Halloween problem for them, however, is that "The Redistribution of Wealth" is actually a two way street!

After all these prosperous decades of "redistributing" the wealth of anyone who might need health insurance (that is, everyone) into their bloated pockets, they are now facing the unpleasant possibility of having to compete for their corporate profits. Although this appears to be no less than "outrageous fate" when viewed from their eyes, for the rest of us it looks, just as simply, as an economic correction. Our wealth is about to be "redistributed" back to us!

This alone causes a new apoplexy behind all the gates of all those gated communities. And well it should. The flow of money historically flowing into those pockets of theirs amounts to roughly one sixth of the national gross domestic product (NGDP). Now, a sizable chunk of that money is going to be "redistributed" to the people who actually earned it in the form of reduced health insurance costs. The incredibly rich and prosperous are aghast that all the expensive Senators whose souls they have perpetually rented seem unable to stop this unfortunate development.

But MeanMesa's Halloween turns out to have more than one costume. Obscured behind the tea-bagging chaos of the health care debate, rests an even more ominous -- at least, ominous for the billionaires -- horizon. A horizon which seems to be drawing closer with every sunrise.

The stimulus money is about to reach reality. That is, the stimulus money is about to reach the reality of main street. We need to take a closer look at this. It has many incredibly spooky, yet beautiful masks.

First, we can set out a few observations concerning the mental state of those who are watching this miracle of democracy unfold. What had, up to this point, been a theoretical recession -- albeit a recession of immense proportions -- is now materializing in every city and village of the realm. It isn't going away, and it isn't getting any better. It is getting worse.

Americans who were previously "deeply troubled" by the monster are now becoming Americans who are being deeply wounded by the monster. It is no longer theoretical. It has arrived at the door of every home in the country, at least, every home in the country with an adjusted taxable income of less than, say, $1 million a year. There are bankruptcies, foreclosures, uncertain job securities and functional businesses closing their doors from lack of credit.

Most likely, all this is little more than a light breakfast for the monster. The billionaires are waiting in the shadows with their purses bulging, full of Paulsen dollars. They are waiting for the approaching moment where lower wages will look like a Godsend to American labor. They are waiting for the moment when previously successful businesses, starved into submission by a well engineered lack of credit, can be purchased for a dime on the dollar. They are waiting for that new skyscraper they have always secretly wanted, but couldn't, until now that is, afford.

What exactly could be the bright side of something like this?

That bright side is best seen in the faces of the younger Americans who are surfing through this calamity with all the lassez faire optimism of youth. This 2009 Halloween is bringing something out into the light which they have not seen before in their young lives. They are about to see the actual wealth of our country emerge in repaired roads, schools, clinics and libraries right in their hometown!

Money which had always previously disappeared as it wound its way through the Congress is now actually going to survive that gauntlet. Tax money which used to simply vaporize into dollar gobbling ghosts such as the Reagan and Bush Tax Cuts for Millionaires, is now going to resurface to pay for local projects!

Young Americans have never seen anything like this. American prosperity, so far as they have been concerned, has always been for others, the well connected, the tax welfare corporate elite. The young ones have watched the country slip into a place riddled with broken bridges, war profiteering and corporate tax dodging, but, absent any functional civics classes in their high schools, they have remained accepting and complacent. They have never been provided an alternative reality with which to judge their actual prosperity compared to their theoretical prosperity!

The fact is that the nation has been continuously slipping into a third world status under the constant looting of our national treasure by neo-con puppets and their fat cat masters. At the moment, 10% of our population has "redistributed" 80% of all national wealth into their own coffers. But the prospects of this Halloween herald something a bit different. This Halloween there will be a glimpse of American wealth -- spelled tax money -- arriving at a thousand places to make a down payment on the neglect made so seemingly necessary by the avarice of the fat purse crowd.

The spell has been broken.

Once the young -- and the not so young -- among us see the material wealth we constantly pour into the treasury of the country return in a way which actually supports and maintains the country, they are going to be, well, pissed. Any fleeting chance that this new demographic of observers will somehow drift mindlessly back to the Republican Party in the next election has just received a death blow, a real Halloween surprise!

Hooray! It's not scary at all! (unless you're a billionaire...)

Friday, July 10, 2009

60 Votes, Senate Cloture & “The Theory of Everything”

The Fundamental Equation of the Senate.
No, not The Law of Thermodynamics,
the "The Theory of Everything!" It explains, well, Everything. 103

Much has been said about the outrage of an elected Senate which seems so nonchalant, untroubled, unembarrassed and unabashed as it continues to savage health care, climate change, education resources, Supreme Court Nominations, darn, as it continues to savage everything! The deliberating body has turned into an unappetizing mix of a whore house and a nightmare circus.

Obama knows this from his first hand experience with these “bought and sold” crackers. He had a job there for a while. However, some MeanMesa visitors may not have a firm grip on exactly what is going on as we sit and watch unbelievable scandal after unbelievable scandal. Rather than dive into the abyss of any specific insult, MeanMesa will attempt an abbreviated explanation of “standard operating procedure” in the U. S. Senate as it is apparently being applied to every bill presented there.

The provocateurs are world wide experts at their trade. Their profession is a balancing act between two extremely lucrative tensions. On one side, the prize is an uninformed, unaware electorate which, when assuaged by the idiocy of sufficiently extravagant campaign investments, will dependably send them back to the “hog trough” term after term, even when doing so is clearly counter to the best interests of almost every voter who will pull the lever. On the other side is the immense wealth which can be had by desanguinating just a trifle of every piece of legislation that will pass before them, that is, "sucking out a little blood, but, just not so much that anyone will notice!" When the price tag on such legislation is in the billions, that “trifle” can be generous enough to fund a new economic dynasty.

This is happening everyday. It is a bad habit these crooks picked up during the autocracy.

The other moment to observe them in action comes when one of their corporate cronies suddenly faces the “wrath of daylight,” that is, during those tense moments when such "Captains of Industry" such as the coal lobby or the health insurance corporations suddenly find their avarice exposed by “outrageous fortune,” in this case, a bankrupt electorate which is regaining consciousness and, frankly, infuriated to a blood frenzy. This latter case is roughly what is underway in the Great House on Capitol Hill as this posting is being written.

All the lecherous Senate monkeys the ultra-rich have previously purchased to protect their extraction games have been called to defend “free enterprise” or “capitalism” in these moments of peril. Now, that “free enterprise” and “capitalism” is not exactly defined by what one might encounter in a Webster’s Dictionary. No, indeed. These special forms of “free enterprise” and “capitalism,” rather than being what is characterized by hard working, innovative entrepreneurs, amount to decidedly less noble business endeavors which could never actually make a profit left to their own devices, but, when dutifully lubricated by every possible flavor of crooked legislation and de-regulation, turn out to be “roses, simply roses!

The following diagram might be similar to something which might appear in a “Beginner’s How To Pamphlet” for a new Senator. It explains, in a very basic way, just what will be expected and required for a prosperous incumbency.


The diagram is self-explanatory to anyone who has been “confused” by the news accounts of what has been happening in the Senate. Further, it represents both a useful contextual reference which can be cited in future MeanMesa postings and a simplified sort of “flow chart” which might assist in understanding why public opinion means so little and ideology means so much.

Try it out! The next time -- which will probably be tomorrow, the way things are going -- the news from the Senate becomes incomprehensible compared to what you learned in that old civics text, just take a look at the diagram. You will probably be able to point a finger at exactly which stage of the looting the thieves are working on at the moment.

More later. Rest assured. There's plenty more for later.

Wednesday, March 25, 2009

A Chit Chat with Republicans About the Stimulus

A Primer About Obama's Recovery Plan85

It has become very intellectually chic to chuck pot shots at the Recovery Program of President Obama. Of course, we expected the really “trailer park” fizzle from the vacuous, foaming mouths of the neo-cons. One female host, Tammy Bruce, actually called Michelle Obama “trash” on a network interview last week.

However, once we exclude the “drug addled gas bag,” the whining “pretty little mama’s boy,” and the ultra pious, self-appointed, "stalwart defender of The Church," we are still left with some unsettling whimpers arising from unexpected quarters -- quarters we had always previously assumed to be more rational.

There are comments that Treasury Secretary Tim Geithner and Director of the White House's National Economic Council, Larry Summers, should be fired for lack of purity and effectiveness. That would be “lack of purity” from having been a Fed Bank President during the Bush bailout in Geithner’s case and from having been a Clinton advisor in Summers’ case, that would have been before he was President of Harvard University. All these comments can be immediately discharged because they are founded on the premise that what we are doing right now is, somehow, logically similar to something we have done before. Any hope of that happy serendipity betrays a frenzied dash for the refuge of history, hardly a behavior we would expect from the brave knights we have sent to kill the dragon.

The Treasury Secretary is a frighteningly intelligent man who has been seriously cautioned by the Obama White House to try to “de-accelerate” his speech enough so it can be captured on an ordinary, modern video camera during his interviews. Naturally, neo-cons -- being allergic to leadership of any type thanks to their toxic, soul consuming cynicism -- are quite uncomfortable with a man who constantly needs to concentrate on speaking more slowly so the rest of us can possibly follow him. Neo-cons like slow drawls so Southern that most Americans either won’t listen to them or can’t understand what is said. You know, ... southern ... coach ... pastor ... You know.

But some modern liberal pundits seem to be put off because they can’t understand it either. They think that the reason they can’t understand it is because what Geithner is saying isn’t even remotely similar to anything they have heard before, the lingering, predictably desperate test of validity for those who have found themselves unable to think. The most limited, self promoted, modern progressives don’t believe that anything can be progressive now if it hasn’t already been progressive before. Those talkative folks identify themselves by providing endless explanations of exactly who was at fault for almost everything that threatens their pretend, historical, progressive "status quo."

But this post is all about having a chit chat with Republicans. There are actually a few of them still visible who are so inebriated on the Kool Aid and so head strong that they continue to claim a tiny, forgotten patch of Bush Jr.’s, medieval fear mongering “high ground.”

If you have had a creepy, out of focus feeling while talking to these Republicans and other aging reactionaries about Obama’s plan, don’t blame yourself! The person standing before you in those conversations isn’t actually saying anything. What you are hearing are talking points! The actual words being uttered in such conversations have been “piped” down to eager repeaters by their “thought masters,” repeaters who, when considered generously, have nothing else to say besides more road weary talking points about the Stimulus Package, Socialism, abortion, gun control -- well, you already know the list of topics they prefer.

On to the water cooler.

Although MeanMesa usually avoids inserted diagrams and charts, please consider this following exception. Perhaps we can spend just a minute with this National Debt record as an introduction to a few points which might “flesh out” your conversational repartees.


click to enlarge

The large block of red at the far right of the diagram is an estimate of the accumulated deficit of the Bush Jr. autocracy. Politically unpopular spending such as the war in Iraq is, of course, omitted. However, the total of the eight year deficit since the Supreme Court appointed Bush Jr. amounts to roughly three trillion dollars. What might have been a rather lack luster disaster was converted into the present calamity by two large tax cuts which directed vast windfalls to the very richest Americans, and the utterly outrageous PHARMA written Medicaid Prescription Drug Plan, designed to channel boat loads of tax money to the “pill masters” of the pharmaceutical lobbyists. The PHARMA bill was passed at 3 AM in the House. The tie vote in the Senate was broken when the Vice President Pretender voted in favor.

An often overlooked aspect of the trillions which disappeared into pockets of Bush cronies has to do with the rest of the economy, you know, the part where we live. After the extraction, that sudden, purloined flatulence among the rich and mischievous found itself stranded with nowhere to go. When we speak of financial instruments such as securitized toxic mortgages, incredibly leveraged, shadow assets on the profit and loss books of all the investment banks we are presently rescuing, and other Wall Street Casino speculative doodads, we see the “new home” all these suddenly wealthy “businessmen” found for their less than legitimate good fortune.

What might have been expected as “risks” associated with such a move were gleefully buried under the cover of a dysfunctional Justice Department, a conveniently blind Security Exchange Commission (Remember Madoff? Enron?), ruthless gangs of well paid Federal Appointees and an overly protective Executive (Autocrat) who had already hit his management high point bankrupting professional ball teams and oil companies his father gave him.

The Independent Senator from Vermont noted this unusual development:
Not everyone has had a hard time during the Bush years: “The top 400 richest Americans have seen their personal wealth increase by $630,000,000,000 - $630 BILLION - since George W. Bush was appointed President by the Supreme Court in 2000.” (Sen. Bernie Sanders, Sept. 18, 2008)

The point? When this much of the economy’s liquid money was effectively removed, it caused a bit of a shortage. After that initial insult to the economy, when the reckless schemes which had absorbed all these dollars fell apart, it created even more of a shortage. The spending which normally fuels the US economy ground to a halt. No one had any money, and no one could borrow any.

Yes, of course, all these “genius investors” immediately started bellowing for a bail out from the Bush Jr. -- Paulson crime family, but they were able to loot only a paltry $350 billion before their sponsoring syndicate was run out of Washington. That left them hungry for more. Their eyes, naturally, turned greedily toward the Obama Stimulus Plan. If that legislation could be converted to even more tax cuts, then looted as it straggled through the Congress, they could be made whole by the tax payers, a veritable wet dream for any self-respecting neo-con.

The Obama plan replaces all that “missing” spending with Federal spending. It is clear that such a bold move is probably the only chance still on the table to avoid a repeat of the World Wide Great Depression of the FDR days. The amount of spending in that spending bill is, unhappily, astronomical. That would make it roughly the same size as the take that Bush Jr.’s fellow looters snatched during the eight years when frenzied high crimes were the constant currency of the day. The economy was supposed to tank after the Bush crime family was safely back in Texas, just in time to blame Obama for everything, but, as is usually the case for everything Bush Jr. dreamed up, it exploded prematurely.

When your Republican starts off with complaints about too much spending and out of control deficits, show him the chart. Agree with him -- in a condescending way -- that it really is too much spending and that the deficit it will cause really is too high. Tell him -- compassionately -- that we have already paid off the neo-con extortionists once while they were gang raping us the first time, but that we are willing to pay again to save the country.

Then walk away.

For a comprehensive explanation of the contents of the 2009 Stimulus Bill,
http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
and for an overview of the President's 2010 Budget, submitted to Congres in 2009,
http://www.gpoaccess.gov/usbudget/

Thursday, March 12, 2009

Education Reform Without the Lipstick

Another in the MeanMesa "Lipstick" series. This time: President Obama's Plan for Education Reform. 85

A Little History:

Last week the President made a speech which officially places education reform in the role of a “leg” on his three legged stool for national recovery. That speech, nestled into a daily news cycle of speeches, any one of of which would have induced uncontrolled bleeding twenty four months ago, still arose filled with phrases not dissimilar from those which have filled traditional speeches about education reform at about the same early point in every Presidential term in recent history.

The implied consequences of not “educating better” have trailed along with the string of competitors our nation has faced through the years. There were the Soviets with their relentless, cast iron, collective system which seemed to crank out legions of nuclear physicists, chess players and spies. There were the ambitious Indians who seemed to be able to duplicate the results of even our most expensive efforts with their tin cans and strings. There were the Asian youngsters who seemed to be able to almost effortlessly become industrial manufacturing geniuses whether in the poverty of their ancient homelands or the worst schools the American system might offer their immigrant parents.

Defending our side were the unfaltering voices repeating the mantra, “If they are so good, why are we still richer?” Uh, right. The United States population apparently hit its highest literacy rate in the 1950’s, one of the very few constructive results of decades of US/Soviet MAD geopolitics (Mutually Assured Destruction).

Some commentators (Thom Hartmann) cite the beginning of public education during Freidrich’s Hohenzollern Prussia. The population of orphanages had grown so large that the King became interested in developing the boys there to become obedient soldiers, loyal subjects and profitable, respectful employees. It seems that, once all that had been figured out a few centuries ago, there hasn’t really been much cause to consider the matter any more since then.

Back to the Future: 2009

Perhaps the notable departure from past Presidential education reform speeches is not to be found in the words of Obama’s speech so much as in the incredible inertia of the man who spoke them. And, notably, wrote them. Such words become more credible when we realize that they were not simply handed to the President a few minutes before air time to make sure he could pronounce everything that was going to appear on his teleprompter.

President Obama has done his part. So, let’s set aside the “lipstick,” and do our part. Let’s take a shot at “boiling the thing down to its bones.” What conclusions can we make about the essential necessities required for education reform?

As with most political questions, we immediately encounter that apparently unavoidable human trait, “humiliation avoidance.” We seem to suffer an unreasonable fear of making decisions which will turn out to be less than optimal. Those would be decisions about the nature of a “good education,” about the actual amount of resources we will need to dedicate to the effort and about means and methods of testing our proposition as it goes along. We would very much prefer to know as early as possible -- or better yet, even beforehand! -- if the decisions we have made are really producing the results we seek. Otherwise, of course, we would not be “avoiding the humiliation” of having made such bad decisions.

By the way, this “bad decision” business has grown legs. One might think that our past efforts at education have been so ill conceived and misdirected, that is, so “humiliating,” that any reasonable person would be extremely “gun shy” about even so much as attempting to ever make such plans again. Our present situation, although neither particularly reassuring nor satisfying, is not yet a cataclysmic, world ending, “Death to America” disaster. However, given its tepid results, that historical approach is, most likely, at its end.

One result of this realization has been to discourage any public participation in redesigning the system at all. As with many modern quandaries, the electorate has been carefully groomed to passively accept the idea that the solution, if one exists at all, is far too complicated for “mere mortals” to comprehend. The entire matter must be turned over, along with a very big check, to the “education experts.” Only the hyper-qualified denizens of the educational world have the background to propose some painless improvement, at its best probably only a “little better” than what we have now. We have tried this one already. Several times. Too many times.

Another result is a cowardly and thoughtless appetite to “collapse to tradition.” This plan reverts education efforts to their earlier states. Those “early states of education” might be “the way things were when I was a boy,” or “when my dad went to school,” or “when the nation was young,” or even “back in the old country.” A loftier version might reflect positively on conditions young Alexander encountered while living with Aristotle, or Scian ‘jiou while living with his dark teacher from Abarabia, Mullah Edin. We will need to learn from the past, but there is little future in reliving it.

As a culture we seem to retain plenty of the demand that things should be simplified, our traditionally American, folksy, anti-intellectual tantrum. We have watched enough old movies to have been thoroughly convinced that “good old American common sense, saturated with naiveté and an innocent, ebullient, ‘can-do’ optimism made possible by not knowing our limits” has allowed us to overcome Nazi’s, alien invaders and hopeless, impending cometary collisions. We probably should not be quite so convinced that the same approach has delivered a polio vaccine, a man on the moon, the internet, the United Nations or Viagra. Education did that.

Finally, returning the the “humiliation avoidance” idea, we have grown gangrenously cynical. We have relegated the responsibilities for defining the measurement of our educational system to the most unlikely people. Dirty shirt preachers and southern speaking coaches have been left with the task of defining educational success as they mindlessly transform adolescent boys into leaders, unthinking generals and admirals, more pastors and coaches, national league athletes, Senatorial hillbillies and the like.

We have been listening to those who say that a good education can be measured by high school graduates who are well prepared to work in factories or join the military without rehabilitative training. An occasional “star” who invents something against all odds (even a rotten education), who makes billions of dollars in the stock market or who composes a brilliant symphony drives the “last nail to seal the lid” on this case.

Don’t Trust Anybody.

The “straw man” is comprised of several parts. The most appealing of them is the almost universal insistence to test the education system in any new design to see if it is accomplishing its mission. Closely behind those voices is an unending interest in determining whether or not its product is a “good deal for the money.”

The validation derived from a testing regime has generated significant traction. Because no current educational proposal package can reach media maturity without centering on “credible testing,” elaborate testing regimes have become as central as educational substance itself. The testing systems have risen in importance until they now validate the educational systems more strongly than what is actually being taught.

The missing piece, although conveniently hidden by the testing distraction, remains the definition of the educational goal. Coaches and pastors aside, what are we willing to agree on when it comes to over all objectives for our new educational effort? The “trained up” soldiers and factory workers concept doesn’t carry much water. The “states rights” bigots insisting on education promoting a six thousand year old planet aren’t really anything we are interested in spending federal dollars to sustain.

Where does this leave us? Who will tell us whether or not we are doing the right thing?

Oh dear.

Let’s ask the teacher. That’s right. Let’s ask the teacher if the students in his class are receiving a correct education. Surely the teacher would know something like that.

Wait a minute! We can’t “just ask the teacher” because we don’t trust the teacher. Those darn teachers will trick us! They will tell us that their students are getting a good education so they can have a chance at one of those merit raises. Maybe those teachers don’t really know if their students are getting a correct education or not.

What does this mean? It means that we have teachers we don't trust and who, we think, don’t really know whether or not they are providing a correct education in charge of educating our young ones. Does this mean that we should increase funding and inject merit pay into the mix or just spend lots more money devising testing regimes that these tricksters cannot manipulate?

After all, the prevailing religious mythology has continuously promoted the idea that men are evil opportunists who can’t be trusted. Why would we expect these teachers to be any different than the rest of humanity? They’re not saints, so we can’t trust them. Since we can’t trust them, we must try harder and harder to expose their trickery (or be humiliated by winding up with kids the army doesn’t want and who can’t work in factories). It isn’t our fault if we have to work so hard on exposing them that we simply haven’t got time to worry about what kind of education is being accomplished.

We can’t even agree on a few guiding principles which might define what kind of education we want to accomplish! When that question is placed on the table, every vested interest emerges from the culture swamp to enjoy a bite of lunch! There are speciously useless text books for a $100 per copy, the products of dithering committees of experts and consultants, contracts based on political favors and “certified” by someone as being precisely the books which are absolutely, critically essential to a “good education,” whatever that is.

There are confused college students marching through a numbing chaos of education classes which avoid any relevance to the essence of the teacher’s motivation beyond the capture of merit pay, tenure and union membership. There are bellowing, cracker politicians snapping worn out harangues about waste and frivolity in the schools, all imposed by some sinister parasites with no interest other than extracting tax money.

Ideologically, we see the vacuous hilarity of those bemoaning a lack of “critical thinking.” In dull moments we can always “tune in” to the latest spectacularly depressing news about sex education or school violence. We can find common cause with those who would like to blame parents, civilization itself, poverty, teen sex or video games.

What in the hell are we doing?

This rapacious maelstrom of default thinking is not anything that will benefit from more “education reform.” Its stench has grown far, far too strong for that generosity. This is both an unavoidable wake up call and an opportunity surfacing in the teeth of calamity.

The problems we face in education seem to be incomprehensible because the grotesque thing we have created under that name is, well, incomprehensible. (Doubtful? Try to envision a future history which explains how we reached this failure state. Does your history make sense?) It is a monster consuming huge tax resources, brazenly diverting all its assets to its own protection, producing terrifyingly dismal results and worst of all, denying American youth the opportunity of their birth right to have a chance to develop themselves into something they might actually want to be.

It is clearly the intention of Great Nature that parents assist their children in every possible way to reach the age of responsibility, self-sufficiency and individualism. No amount of persuasive details or comforting, mitigating expertise exonerates a failure to accomplish that parental obligation. Parental obsessions with the goal of perpetuating religion mythology, aging, unexamined ideas or the ambitions of somehow converting their children’s futures into ideological, social or political currency are criminal.

This is childhood’s end.

But not childhood’s end for the children. Their childhood has already been through the meat grinder. Literally hundred of millions of them have had their dreams permanently crushed already by this hideous thing.

This is childhood’s end for the parents. No more being the “half-cocked,” inch deep, gushing ninny at the PTA meeting. No more being the passive, long suffering stoic without any ideas to improve things. No more being too busy to get involved. No more bitching about the property taxes. No more simply refusing to think.

No more turning the young ones over to the television for four hours a night. No more credit-card problem solving. No more “too tired.” No more exhaustion -- there is no exhaustion permitted when it comes to the little people who are counting on you to help them dream.

The following link to You Tube contains a complete video (36 minutes) of President Obama's speech in Dayton, Ohio:
http://www.youtube.com/watch?v=AGcr1UZpBfA

Tuesday, March 3, 2009

“How Far Must the Dow Plunge Before Confidence Is Restored?

Spending too much time "ducking" the old things? Spending not enough time dreaming about the new things?

These days hold only cold comfort for the timid.

The newspaper headline titling this post betrays what may be an unexamined paradox. The sensation of "confidence" is an allegedly rational one which may be insinuated by past history, but probably not the past history being cited in the discussions of this moment. Likewise, the "restore" idea is visiting every area of pain in the present economy. There are the dreamy desires of those who would like the declining value (market price?) of their real estate "restored" to the figures of a year or two ago. There are those who feel that economic recovery implies that the stocks they purchased in the past might be "restored" not only to their previous trading values, but also in their vivacity and mobility with respect to potential profits or losses demarcated in the "numbers and the systems of the past."

Folks who are entertaining this expectation for the "recovery" are not founding their ideas on circumstances which enjoy much of a chance to materialize in reality.

The less lofty have ambitions for a stable floor to the decline where, although the numerical "prices" of monetary assets would be defined by lower numerical values, the relative values would become, once more, as promising as they had been before. Perhaps even the wage earners are gradually becoming adjusted to the idea that their "restored" wages, although not bearing the same figures as on the old paychecks, might have a "restored" purchasing power or offer an investment opportunity equivalent to the ones on those old stubs.

The economic pedestrian has only a slightly more realistic view of the possibilities at hand. He, at least, has the common sense necessary to envision an economic solution which is not the "restoration" of his previous conditions, but something of a hybrid, located between full "recovery" or "restoration" and some intermediate state where his comfort level is comparable to what it was before.

Likewise, the critics and cynics (uh, that would be the hillbillies, Senate bigots and other free market criminals) seize on the predictable, codependent opportunity of establishing that true "recovery" or "restoration" can be nothing less than a sterile return to the artificial successes previously derived from the avarice of the recent past. They would, foolishly, like to establish that vision as the only possible outcome which might legitimatize Obama's desperate efforts ideologically. The public opinion attraction to that insistent approach is waning rapidly, most likely, as was the tragic case with "confidence," another victim of “common sense” on the main street.

My advice? Quit dreaming of the past. Quit trying to measure the possibilities and challenges of the near future by the currency of the past. All those “restorations” require more than a duplicated economic flow of factors and equations. Frankly, they all depend on more than a resurgence of familiar numbers on the Wall Street trading boards. They also, in a way as subtle as the “elephant in the living room,” also depend upon the resurrection of all sorts of imaginary asset values, labor rates, real estate ambitions and even international trade relations. There is no part of the economic stimulus plan which can re-materialize these old, opium dreams. They cannot be “restored,” because they were never material in the first place.

We can join the wailing of the Wall Streeters and the bankers and the quiet, arrogant ultra-rich with their effected accents if we like, but all the old deceptions of this crowd have evaporated just as concretely as the sale price of the duplex next door. All the illicit advantages they promoted as “sharp business practices” for the last dozen decades have been exposed now. Worse, their dreams of the precise value of such deceptions have also been smashed. They sold them to us once, and that worked out well for them. But now, those balloons have popped -- perhaps largely in the very faces of these “pretend Captains of Industry.”

No one can still reasonably hope that those “balloons” of theirs can be “restored.” Further, citizens of both the United States and the rest of the world where their extractive schemes have reached, seem to have a new, much more informed style of awareness of exactly what had been done before. The hordes of what had previously been “easy marks” have now entered a period of renewed understanding of what the responsibility of “self-interest” actually means. An understanding which excludes the necessity of supporting these parasites in the style and luxury of the past.

Obama gets this. One wonders how many familiars of the old White House have appeared once again with “offers he can’t refuse.” One wonders what was on their deflated faces when he did, in fact, refuse.

Without the hordes of the sleeping, the mistaken certainties of the past are beginning to rot on the vine. Mistaken certainties? The sanctity of the free market as the ultimate director of the economy. The acceptability of the well (and not so well) disguised, noncompetitive subterfuge, whether a no bid contract for billions or some doo-dad added to a House bill at the last minute making new profits an automatic reality for some crony.

But wait. No matter how refreshing it might be, a modern correction of these sorts of things amounts to little more than a tweeking to the system. Such a development might turn out to be the final result of this economic melt-down, but there are others -- developments which can hardly be defined as a “tweeking.” In any event, it looks constantly less likely to be a mere “restoration.”

The economy is not experiencing a little difficulty, it is evaporating before our very eyes. We have heard fifteen thousand reasons why this is happening, but what seems the most logical conclusion at this point is that no one has either any complete or rational explanation of precisely why this is happening or how far down it will go. All the old reasons are approaching a region of logical discontinuity far too similar to what might be encountered on a classic Riemann Equation’s first surface. We have probably left explanations or their possible comfort somewhere behind us.

The classical parameters which used to drive everything have ceased functioning. What was successful “tweeking” in the past system no longer produces any effect at all.

So, where does it go?

It “goes” through the discontinuity, and we go with it. The hilarious threats of creeping Socialism or nationalization or Fascism or vacant promises of capitalism or free marketism or a “restored” hegemony are all now parked in the "used car lot" history of the past, in our memories, in our dreams. That old currency fills the entire stage, constructs all the sets and writes all the play. We can make no new play which requires parts other than those old familiar ones. Our imagination has beached itself on the remnants of our fears.

The choices for the face of the future system will not be variations of the faces of the past. What has begun as an economic aberration has become an ideological meat grinder, and its product may well arrive without so much as a reasoned hint or even a wild speculation from the past.

The “new thing” approaches.

It won’t be all bad, either, but these last few months before its arrival will be terrifying -- especially for those who were able to prosper in the false world of the false values of the past. Still, we must prepare ourselves for a new system. It arrives just as the widower's new wife. The recipes and the bedroom, although quite satisfying, can never "restore" what has passed before. We have no firm ideas about what the new system will require of us or what new opportunities it may present, of course, but we do know one thing. We prepare ourselves by watching for its arrival with hope, not dread.

Adjusting our ideas of “necessity” and “comfort” might help a little. Experimenting with values which have evolved beyond imposed scarcity and insatiable greed and impossible security is probably a good idea, even if such a discipline hasn’t ever been reasonable in the past. We must clear our road weary slate of ancient false priorities, thrash out the cobwebs and steel ourselves for a new day.

As humans, we are now stranded with the frightening necessity of charting our way forward. We find the press of events has cast us not as survivors, but as designers.

The “new thing” approaches.




Friday, January 30, 2009

Savoring This Moment in Our Main Street Economy

Even in terrible economic times, personal memories are still quite affordable. Let's have a few. 78

I enjoyed an unusual conversation about the economy this afternoon at the coffee shop. Although the man with whom I was speaking was a stranger to me, it was fairly clear that he and I shared roughly the same economic status income-wise.

His premise was that the economic troubles our country faces are primarily going to impact citizens at a substantially higher economic position than he or I presently have. His argument, in so many words, was that the nation’s economic troubles would not really ever reach us in a day-to-day reality changing way.

That interesting proposition caused me to add an additional thought to the model. That thought? How aware of “it’s ability to reach us at this level” would the average citizen -- in this case my acquaintance and myself --actually be? In our world our economic destinies certainly ascend and descend all the time. If the impact we were discussing were gradual enough, perhaps no one in our crowd would even notice.

Consequently, I decided that a sort of unofficial “landmark” might prove beneficial. Maybe all the visitors to the meanmesa blog spot might take just a moment to set a benchmark in their own memory about exactly how things really were in January, 2009.

Hence, indulge me to quickly answer a few questions which might reveal, later, the changes in our personal economies between now and then.

This is a personal poll. That means that there is no link, nothing to write and no e-mail or phone call to make. These are simply a few questions to be answered by oneself and, perhaps, tucked away in one’s memory for later.

1. Where did I go today? How did I get there? Why did I decide to go there? Did I really need to go there?

2. What’s in my refrigerator? How many cans of different things are on that shelf? How long could I go without visiting the grocery store if I absolutely had to eat what I already have? How much did I spend on groceries the last few times I went?

3. How old are the shoes I’m wearing? How long could I go without having to buy more shoes? Another winter coat? Socks? When was the last time I repaired some clothes with a needle and thread because they were worn out?

4. Do I know how to grow a vegetable garden? Would I ever do that for food rather than as a hobby? Do I know how to "home can" fresh grocery store bargains or extra good crops from the garden?

5. How much are my monthly bills (not including mortgages, but possibly my car...)? Have I thought about trying harder to keep the lights turned off when not in use, keeping the house heat off except for a few hours a day? Have I thought recently about whether or not my gas and electric bill was getting too high? Have I considered getting along with a cheaper cable package?

6. How many times have I eaten out in the last couple of months? Have I thought about a way to avoid that, work on a less expensive approach such as packing lunch?

7. Have I considered lowering my “sin” expenditures on cigarettes, liquor (yeah, add pot...) by being more conscious of my consumption?

8. Have I recently thought about moving to a different apartment so I wouldn’t be traveling so far to get to work or other frequent destinations? Have I reconsidered how much bicycle riding I could do to avoid car expenses?

9. Have I started shopping more aggressively to find lower prices on everything I buy? Have smaller savings justified extra effort to add another store to my usual list?

10. Do I have close friends I would try to help if they were hungry? Would they try to help me for the same reason?

Add your own questions if some occur to you that were missed in this list.

The media is constantly talking about trillions of dollars, arcane economic things such as the “M1” money supply and “securitized mortgage packages.” If our problem is solved while these are the most central and worrisome questions it holds for us, we should probably feel grateful. On the other hand, five years from now the questions on the list, posted here in 2009, might foster the very memories we will be using for comparison when we speak of the “good old days.”

OOPS. Maybe two years from now.

Believe it or not, the Wiki has a darn good overview of the economic crisis (without wasting much time on finger pointing). This web entry links to several others, if the first one doesn't get it done.
http://en.wikipedia.org/wiki/Economic_crisis_of_2008