Use The "D"-Word Yet?
The August jobs report just
came out, and man, was it bad. Job Growth: 0. Well, O.K., it's not like
we lost any but wait: if job growth is zero, then economic growth is
zero. As we used to say back in the '60's, that's a "bad scene".
This leads me to the 8th of
September and president Obama's big jobs speech. What in the world is
he going to say? What can he say? Is he going to announce
the revival of the FDR-era NRA, CCC and WPA? Not with this Tea-Party
You may pause here, if you
wish, to insert the standard right-wing conservative, Tea-Party
Republican mantra about cutting taxes on the ruling class, (who are
euphemistically refered to as "job-creators") and the de rigueur admonishment to "pick yourself up
by your own bootstraps". If everybody's finished drowning the
government in the bathtub, I'll continue:
Right now, Obama's in a seat
so hot I wouldn't want to exchange places for any amount of money. What
brings a little bit of the unusual to this situation is that it's
almost all his own fault. Regardless, he must deal with it. The way I
see it now, his only strategy (and it's a weak one at best) is to make
the grand, sweeping, jobs proposals he should have made in January
2009, now. The Republicans, of course, will
fly, to a one, into an immediate rage and declare the whole idea
D.O.A., demonstrating, as usual, their undying allegiance to the ruling
class. Next? Repeat as often as necessary with other good ideas and
programmes for the Republicans to shoot down until they have painted
themselves as the Party of Scrooge with their own
brushes, just in time
for November, 2012. However, remembering the Michael Dukakis campaign
of 1988, I must say that I don't think the strategists at the
Democratic National Committee are quite sophisticated enough to come up
with anything like that. I do think that Obama is beginning to sense how vulnerable he is.
With the Tea-Party congress however, there's little or nothing he can
do about it.
I said beginning to sense how vulnerable he is. The
key word is "beginning" as opposed to "has". It hasn't stoped him from
delaying the implementation of a mixed bag of environmental rules set
to take effect soon. Most, (but not all) of these rules made sense,
and their side-tracking will further alienate his "base". He's good at
But what's far worse, is that
this could presage a "yes" decision on the Keystone XL pipeline, a
horrendous project that will have devastating environmental
consequences, (and I don't mean global warming). I'm talking
about the bulldozing of thousands of hectares land, noise and light
pollution, and the certainty of spills containing not only oil, but
also hundreds of nightmarish chemicals we are not even allowed to know
the composition of. This is nothing more than another appeasement for
Big Oil, the environment be dammed.
Yet I digress. While
Washington whiled away it's time with tax cuts for the rich, budget
cuts and eliminating disaster aid, (Republicans) eliminating
environmental safeguards, pressuring state A.G.'s to drop suits against
the banksters who caused this crisis and forgetting about Main Street
(Democrats), and bailing out the criminals who made this happen, (both)
Evolved, and I'm going to use the "D"-word here, (parental discretion
is advised): evolved into a depression.
really don't see why we can't be honest about it; after all how can
we appreciate the scope of what must be done without comprehending of
the depth of the problem?
Let's review some basic facts:
Consumer spending accounts for 70% of the national economy. You can't
dance around it: it's just true. Now for some deductive reasoning: If
consumers don't have money, they can't spend money. If consumers can't
spend money, there is little demand for products and services. If there
is little demand for products and services, folks are not going to
produce said products and services. Therefore, no one will be hired to
make those products and services (that no one can afford to buy).
Tea-Baggers sit down now,
because this will make you swoon: There are only a few ways to get the economy started
again, and all of them
require putting money into the hands of the middle class and poor. None, by the way, involve
enriching the ruling class. Je suis
is, of course
jobs. Oh, and did I mention jobs, jobs and jobs? We need to get folks
working again. Stuff that private sector crap. We need a new NRA now.
Actually, we needed it in January of 2009. Think FDR.
second would be grants.
Get money into people's hands so they can
spend it. That is,
create demand for products and services. Think FDR again.
Third: Redistribute wealth. As long as
the (relatively finite supply of) money is locked in vaults at the top,
it will not circulate, (i.e. be spent).
The bottom line? Without
spending, there will be no recovery (and) unless you provide money to
be spent, there will be no spending. Get it?