SteveG’s Posts


Elizabeth Warren: Markets Need to Be Regulated

This is our Elizabeth Warren speaking out the way we like to hear her.

 

Now if she could just say, “That too big to fail problem that I said needs to be corrected, that’s exactly the point that the OccupyWallSt movement is trying to make. If their activism is needed to help get the message across, then I am all for it.”


Robert Reich – 7 Biggest Economic Lies

Raw Story has provided the transcript for Robert Reich’s video 7 Lies.

1. Tax cuts for the rich trickle down to everyone else.
2. Higher taxes on the rich would hurt the economy and slow job growth.
3. Shrinking government generates more jobs.
4. Cutting the budget deficit now is more important than boosting the economy.
5. Medicare and Medicaid are the major drivers of budget deficits.
6. Social Security is a Ponzi scheme.
7. It’s unfair that lower-income Americans don’t pay income tax.

 

Van Jones: ‘Occupy Wall Street’ protesters have moral clarity

Van Jones: ‘Occupy Wall Street’ protesters have moral clarity provided the replay of the video and these quotes:

In an interview with MoveOn.org, former Obama adviser Van Jones said that “Occupy Wall Street” may lack message clarity but had great moral clarity.

“They’ve got moral clarity,” Jones, leader of the new American Dream Movement, said “They’re as clear as a bell, and that’s what’s been missing.

 

We are the 53 Percent Vs the 99 Percent

This is one of the best videos from Cenk Uygir that I have seen.  It is the best analysis that I have seen about anybody who claims to be a self-made rich person by using food stamps and welfare.  They shout “get the government out of  my food stamps and welfare.”

 

Redistricting Olympics Results

Common Cause Massachusetts announced the results of their Redistricting Olympics contest last week with gold, silver, and bronze medals going to young people (and a few not so young) across the state who used their website to draw House, Senate, and Congressional maps.

Click here to see their maps and to read about the contest and the winners.

Congressional Map Gold Medal Winner: Nick Rossi

Nick came to work on this project as part of a larger study that he is doing this semester as an undergraduate student at Clark University on minority influenced districts in Massachusetts. Nick is a senior at Clark University, majoring in Geography with a minor in Political Science. He plans to graduate this spring.

The judges felt that Nick’s map presented the best balance of low deviation, municipal integrity, and representation for cohesive communities of interest, including minority communities.


Republicans Stretch Truth in Debate Salvos

Is stretching the truth any different from lying?  And since when has the truth had much to do with politics?

If you are one of those odd people for whom truth matters, there is the Bloomberg article Republicans Stretch Truth in Debate Salvos. Of course, I am not saying that Bloomberg always sticks to the truth either.

There is some truth to the thought that systems involving human beings don’t just respond to what is true.  They also respond to what people perceive to be true.

There is no single lie whose correction I can quote to give you a general sense for the content of the article.  The lies and corrections are wide ranging.


Occupy Wall Street shifts from protest to policy phase

Occupy Wall Street shifts from protest to policy phase by Michael Hiltzik is an analysis from outside the movement, I believe.  However, I think this analysis gets many things right.  Just a small sample follows below:

Progressives plainly hope that Occupy Wall Street will help give concrete form to a political narrative that so far has remained abstract in the public mind: That the financial industry has so far gotten a pass on its responsibility for the 2008 crash and escaped sufficiently stringent regulation, while government assistance to banks and Wall Street firms has left consumers in the dust.

For one thing, the concerns of the protesters are considerably more focused than their critics acknowledge. They involve the extreme inequality of wealth and income that has hobbled the U.S. economy over the last few decades, the imbalance between the government assistance given big banking institutions and that offered the homeowners who are their customers, and the failure to implement meaningful reform on elaborate financial strategies and instruments.

Implicit in the protests is the idea that the banks have resumed their old practices with barely a hiccup, while pleading that the modest regulatory changes that have been passed have somehow hobbled their ability to do business. How do we know this plaint is a sham? One only has to look at the handsome resurgence of profits in the financial industry since 2008. According to the government’s bureau of economic analysis, those profits reached an annualized $438.9 billion in the second quarter this year, up from $122.2 billion in calendar 2008.

More telling, they accounted for nearly 32% of all U.S. corporate profits in the second quarter, up from 13.4% in 2008. That’s important, because it documents an unhealthy domination of economic activity in the U.S. by financial transactions, many of which, as we’ve come to learn, contribute little to economic productivity. That ratio is not only too high, incidentally, it’s way out of line with the historical norm, which is closer to the range of 8% to 12%.

 


Elizabeth Warren, Speak Up, I Can’t Hear You

I posted to Elizabeth Warren’s Facebook Page,

The forces that the Occupy Wall Street movement is fighting are exactly the forces Elizabeth Warren has been fighting – for her whole career. As TARP watchdog and as inventor of the Consumer Finance Protection Bureau, this is Warren’s cause and her natural constituency. If she cannot speak up strongly for this fight, why are we to assume that she is more than just empty words?

And I posted

Why can’t Elizabeth Warren respond to the Occupy Wall Street movement as forthrightly as Senator Bernie Sanders has?

Instead of responding to what the whole world is talking about, Elizabeth Warren’s web site and Facebook page are full of the news that she raised $3.5 million for her campaign.  This sounds very Marie Antionette like, the people are starving, and have no bread and she wonders why they don’t just eat cake, or get excited about her campaign fund raising?

Speak up forcefully now, and the funds will follow.  Fail to speak up now and the votes may not follow.