There was a study done a few years ago about how Americans are speaking faster now than they were back in the 1970s. More words per minute. I forget the exact count but it strikes me that is emblematic of the problem. We wanted to create wealth that historically took 30 years to create in a matter of less than a decade. It doesn't work that way. Greenspan has his strong points, don't get me wrong but in the end under his watch the number of economic bubbles were more than just a few and two were/are rather serious.
Thanks, I am still trying to find the right fit within MyDD. Jerome just said come over and blog at MyDD but my posts tend to be all over the place. I appreciate the feedback, good or otherwise. Thanks again.
It's not even a question of a mixed economy (which I am not against) but just a matter of prudence. Companies plan, it's called either "business development" or "strategy" but yet when govt attempts to do this, conservatives react with a fury possessed. No one is suggesting that we plan down to the last pencil, but if we are to solve health care, energy and climate change, planning is the prudent and logical thing to do.
Eisenhower had 91% top tax. LBJ brought it down to 77%. It's time to head in that direction. Thanks.
During the Argentine economic crisis of 2001 as the banks failed and the country went through four Presidents in the space of 24 hours, Argentine workers took matters into their own hands. Argentina's economic collapse highlighted by 66% overnight devaluation of the currency and a 20 point rise in the unemployment rate were countered with barter systems and grassroots, micro-credit lending programs and worker takeovers of failing businesses. Perhaps the most well known of these initiatives was the recuperation of bankrupt factories and businesses which were occupied by workers and run cooperatively. Two of the better known cases are the Hotel Bauen and the Chilavert book publishing factory.
It seems with each passing day the United States is more like Argentina.
People always think Boxer as vulnerable and yet there she still is. Still this is looming as a tougher challenge with Schwarzenegger likely jumping into the fray. I wouldn't count her out by any stretch.