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	<title>Not My Mother's Blog &#187; economy</title>
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	<link>http://notmymothersblog.com</link>
	<description>Not your mother's blog either!</description>
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		<title>Not just spreading the wealth</title>
		<link>http://notmymothersblog.com/2009/07/28/not-just-spreading-the-wealth/</link>
		<comments>http://notmymothersblog.com/2009/07/28/not-just-spreading-the-wealth/#comments</comments>
		<pubDate>Tue, 28 Jul 2009 22:26:52 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[charity]]></category>
		<category><![CDATA[economic justice]]></category>
		<category><![CDATA[Philanthropy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=603</guid>
		<description><![CDATA[The Robin Hood Foundation is an organization headed up by a group of some of the United States&#8217; wealthiest families and individuals. The Foundation&#8217;s mission is to make this world a better place through charitable giving and donations. In many ways, the Robin Hood Foundation represents the best and highest ideals to which a charitable [...]]]></description>
			<content:encoded><![CDATA[<p>The <a href="http://robinhoodfoundation.org" target="_blank">Robin Hood Foundation</a> is an organization headed up by a group of some of the United States&#8217; wealthiest families and individuals. The Foundation&#8217;s mission is to make this world a better place through charitable giving and donations. In many ways, the Robin Hood Foundation represents the best and highest ideals to which a charitable organization can aspire. Among the principles that guide Robin Hood&#8217;s Board of Directors:<span id="more-603"></span></p>
<ul>
<li> The Board of Directors underwrites all fund-raising and staff expenses so that 100% of all contributions from others go directly to the foundation&#8217;s charitable programs.</li>
<li> Robin Hood attacks the root causes of poverty by funding programs that fundamentally change the paradigm &#8211; education, good nutrition, health services and economic security.</li>
<li> The foundation also funds survival programs to help those struggling in poverty right now.</li>
<li> The foundation&#8217;s programs are supported with professional expertise and pro bono help from those who are best equipped to give it.</li>
</ul>
<h3><strong>$100 Million Challenge Grant</strong></h3>
<p>On Tuesday, May 26, 2009, the Robin Hood Foundation&#8217;s Annual Dinner raised over $56 million for charity in a single night, and laid the foundation for further donations. George Soros, one of the wealthiest men in the world, laid down a donation challenge: he will match every donation raised by the foundation&#8217;s Board of Directors in 2009 and 2010 up to $50 million. The Board of Directors stepped up the challenge further with an additional $50 million in matching grant money to effectively double the first $100 million in donations from givers.</p>
<p>The following Sunday, Verena von Pfetten, a senior editor with Air America Media, mused at the Huffington Post that she had spent part of the evening looking for some sort of smug, self-congratulatory air at the dinner, and found it remarkably absent. It was, she declared, &#8220;absolutely, utterly, and undeniably inspiring.&#8221;</p>
<p>And she is right. There is no denying that such devoted acts of charity are inspiring. Nor is there any questioning that those who make those gifts &#8211; whether for $1 or $100 million &#8211; are good people who want to help others rise out of poverty and get their share of the American Dream. At the very least, they are good people who cannot bear the thought of a child going to bed hungry if there is something they can do to help. And yet, hundreds of thousands of people of good conscience &#8211; these same people who would give half of their last dollar to another in need &#8211; close their minds tightly when they hear the words &#8220;<em><strong>economic justice</strong></em>&#8220;.</p>
<h3>Philanthropy vs. Economic Justice</h3>
<p>In the face of such incredible generosity, it may be considered uncharitable to wonder how many of those generous people have made their millions off the backs of working people who did not get a chance to share in the profits of their labor. How many inherited fortunes made by ancestors who exploited workers by underpaying them or exposing them to risks they would never take themselves? Even as society applauds the goodness of those who give charity to others, one has to wonder if it doesn&#8217;t make more sense to pursue economic justice in the form of fair wages, universal health care and a guarantee of basic human needs.</p>
<p>One of the basic tenets of economics in the &#8220;<em>free market system</em>&#8221; is that the responsibility of an organization&#8217;s board of directors is to make as much money as possible for the corporation&#8217;s shareholders. One might suggest that the major responsibility of the Board of Directors should be to make decisions that are best for all of the corporation&#8217;s stake holders, and that those stake holders should include not only the shareholders, but also the employees and the overall community. Profits for shareholders must be balanced by meeting the concerns of employees for a living wage and the community for fair business practices that don&#8217;t harm the world.</p>
<p>What happens when corporations ignore the needs of their workers in the interests of making more money for their owners? History offers a few examples:</p>
<ul>
<li> Hundreds of thousands of workers dying of conditions caused by exposure to toxic chemicals and substances like asbestos</li>
<li> Buildings and bridges collapsing because of the use of substandarnd (cheaper) materials</li>
<li> Widespread outbreaks of salmonella poisoning caused by corner-cutting in the inspection process</li>
<li> Lakes and waterways destroyed by the spillage of millions of tons of toxic chemicals</li>
</ul>
<p>Big business has fought reforms and regulations to ensure safe operations of their facilities for decades. It is and has been common practice to ignore the common good in the interests of making more money. One effect of this in today&#8217;s economy is the outsourcing of manufacturing jobs, not to countries where the tax burden is lighter, but to those countries that have yet to feel the disasters brought on by devotion to the bottom line.</p>
<p>Those who give generously to charity are to be applauded. Those who, like the Robin Hood Foundation, couple their charity with work that supports economic justice, are to be doubly applauded. Until those who support unregulated free-market capitalism understand, though, that a fair sharing of profits is the only way to a profitable world, philanthropy will never be enough to cure poverty.</p>


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		<title>So Cynical!</title>
		<link>http://notmymothersblog.com/2009/07/26/so-cynical/</link>
		<comments>http://notmymothersblog.com/2009/07/26/so-cynical/#comments</comments>
		<pubDate>Sun, 26 Jul 2009 17:40:35 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=597</guid>
		<description><![CDATA[Cynicism is dangerous. It stands in the way of our progress as a country. We don't have to be naive. We don't have to be fools drinking the Koolaid. We just have to step back and let a little reality in - and we might find that just like the sunshine, it brightens up the whole world.]]></description>
			<content:encoded><![CDATA[<div class="wp-caption alignleft" style="width: 250px"><a title="Drum pad and smiley" href="http://www.flickr.com/photos/62217770@N00/3742963192/" target="_blank"><img style="border: 0pt none;" src="http://farm3.static.flickr.com/2448/3742963192_1e407ff488_m.jpg" border="0" alt="Drum pad and smiley" width="240" height="160" /></a><p class="wp-caption-text">Creative Commons License photo credit: Patrik Hamberg</p></div>
<p>Way back when I used to go out to poetry every Sunday night, an 18 year old friend had a performance piece called &#8220;You&#8217;re too young to be so cynical&#8221;. The poem itself is lost to me, but the title has stuck in my mind- and I find myself thinking it far far too often these days.</p>
<p>We have become a nation of cynics &#8211; worse, a cynical nation. Like a sulky teen who has only recently realized that mom and pop sometimes lie to him, who has trusted in his own invincibility only to get smacked upside the head by his vulnerability, we have decided that no one is to be trusted, not even ourselves.<span id="more-597"></span></p>
<p>We are so convinced that everyone is out to screw us that we can&#8217;t recognize good news when we hear it. At one and the same time, we demand that the government FIX THIS MESS and decry every effort made to do so. We chant, &#8220;I&#8217;ll believe it when I see it&#8221;, but when we&#8217;re shown, we insist that it&#8217;s just smoke and mirrors.</p>
<p>The danger to this unbridled cynicism is that we fail to recognize when something is in our best interests. We let ourselves be confused by counterclaims and words and numbers taken out of context. For example:</p>
<p><strong>Taxes</strong> &#8211; How often have you heard that the top 1% of income earners in the country pay 33% of all taxes? A tidbit you don&#8217;t hear as often &#8211; in 2004, they owned <a href="http://sociology.ucsc.edu/whorulesamerica/power/wealth.html" target="_blank">33.4% of the wealth and assets in the U.S. The top 1%</a> also received 57.5% of capital gains income and 17% of earned income.</p>
<p>More on that top 1% &#8211; inheritance taxes. Usually called &#8220;death taxes&#8221; by opponents, inheritance taxes are a huge hot-button issue. Ask most people why they oppose the estate tax, and they&#8217;ll tell you that they don&#8217;t want to end up owing money because their parent died. Most of them couldn&#8217;t tell you how much they&#8217;d owe in estate taxes if they inherited their parents&#8217; estate tommorw &#8211; but I can. Once you take the deduction from anything inherited by the decedent&#8217;s spouse and exempt the $2 million that is exempt from being taxed, most Americans will not pay anything at all in estate taxes.</p>
<p><strong>The Recovery </strong>has been in the news, usually accompanied with the words &#8220;failed&#8221; or &#8220;jobless&#8221;. The media &#8211; who give a lot of airtime to controversy because people are, yes, cynical, and don&#8217;t trust good news &#8211; focus on letting people go on and on about no jobs, not fast enough, not hard enough, no money going out &#8211; and they do it despite the absolute FACTS that show a different story.</p>
<p>The facts: hundreds of contracts approved for millions of dollars in infrastructure repair and improvements. Thousands of jobs saved that would have been lost. Millions of people getting assistance with daily needs while the jobs efforts ramp up. Thousands of workers in communities that will NOT see the return of their old factories entering into training programs to learn new skills for jobs that will fill those contracts, skills that will translate in a new economy.</p>
<p>In <strong>global warming</strong>, too many are so distrustful of government edicts that they&#8217;d rather listen to studies being funded by a handful of coal and oil industry shills than the literally hundreds of sources that show how damaging carbon emissions are to our environment.</p>
<p>Cynicism is dangerous. It stands in the way of our progress as a country. We don&#8217;t have to be naive. We don&#8217;t have to be fools drinking the Koolaid. We just have to step back and let a little reality in &#8211; and we might find that just like the sunshine, it brightens up the whole world.</p>


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		<title>How Do You Fix the Economy without ?</title>
		<link>http://notmymothersblog.com/2009/03/10/how-do-you-fix-the-economy-without-focusing-on/</link>
		<comments>http://notmymothersblog.com/2009/03/10/how-do-you-fix-the-economy-without-focusing-on/#comments</comments>
		<pubDate>Tue, 10 Mar 2009 18:05:15 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=310</guid>
		<description><![CDATA[Here&#8217;s what I don&#8217;t understand about all the people who are screaming that Obama is trying to do too much at once, that he&#8217;s &#8220;using&#8221; the economic crisis to push through a major ideological change. Which part of health care, education, science, infrastructure and defense do they think is NOT part of the economy?

See, here&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p>Here&#8217;s what I don&#8217;t understand about all the people who are screaming that Obama is trying to do too much at once, that he&#8217;s &#8220;using&#8221; the economic crisis to push through a major ideological change. Which part of health care, education, science, infrastructure and defense do they think is NOT part of the economy?<br />
<span id="more-310"></span><br />
See, here&#8217;s the thing. We don&#8217;t put any money into education, and 50,000 or so teachers lose their jobs or don&#8217;t get hired. We don&#8217;t put money into health care, and we lose a hundred thousand or so health care jobs &#8211; not to mention all those jobs that are eliminated because employers can&#8217;t afford to pay for the health insurance, and all the people we that hospitals can&#8217;t hire because they&#8217;re spending twice as much on information and technology as they need to. We don&#8217;t spend money on infrastructure and refuse to give money to the states, so the cities and the states lay off another couple hundred thousand DPW and Department of Sanitation and Health Department workers and police officers and city hall support staff.</p>
<p>We just &#8220;fix the banks&#8221; by giving them money to lend to people so that y&#8217;know, they&#8217;ll do what we expect them to do and lend the money to people. The only problem is&#8230; because we didn&#8217;t put the money into education and health care and infrastructure and state governments, there&#8217;s no people to lend the money to.</p>
<p>And another thing &#8211; those folks screaming that the market keeps falling because they don&#8217;t like Obama&#8217;s spending plans? How can they, on the one hand, blame Wall Street excess and greed for the economic tailspin and on the other hand, believe that a falling market signals a failure of attempts to rein in those excesses and that greed?</p>
<p>See, I understand that when the market tanks, people lose money in their 401ks and retirement funds and it&#8217;s PAINFUL. But that money? It was earned in a climate of unregulated greed that pushed values of things way way out of proportion to their actual value. Now that those illusory values have collapsed, those values are returning to where they should have been. I&#8217;ll tell you this &#8211; if you support clawback (and frankly, I think we should be calling it &#8220;reimbursement&#8221;), then you should also accept that yes, those profits got clawed back from your 401(k), too.</p>
<p>You also need to understand that those folks on Wall Street? They&#8217;re not going to be happy with ANYTHING that makes it harder for them to make the kind of money they&#8217;d got used to making. Right now, they&#8217;re crying like babies that didn&#8217;t get their accustomed mid-afternoon candy bar. They&#8217;re stomping their feet and holding their collective breath until we give them back their bon bons &#8211; and the Republican party is standing there demanding that we promise them their candy to make them breathe again.</p>
<p>Now, as a parent, I can tell you this. If you give the kid back his candy, you just taught him that if he holds his breath long enough, you&#8217;ll give him candy. Here&#8217;s the truth &#8211; your kid may turn blue, but holding his breath isn&#8217;t going to kill him. You just have to wait it out, because eventually, he&#8217;s got to take a breath. His body will make him. Likewise, the markets will NOT stay stuck forever. Remember, kids, those big sell-offs? For every person selling off their stock, SOMEONE is BUYING. And when someone starts buying, the prices start going back up.</p>
<p>That&#8217;s what&#8217;s going on today. All day, I&#8217;ve been hearing that the markets are gaining in the triple digits because Citi announced that they made a profit in the last two months. Uh huh. Maybe. The market certainly rises and falls on rumors, hopes and fears. But the market turns on money. Anyone who studies market charts &#8211; without paying the LEAST bit of attention to the news &#8211; could have predicted today&#8217;s upswing for one basic reason &#8211; the market hit another support level yesterday. When that happens, the market does one of two things &#8211; it either totally plunges &#8211; or it trends back up because all the folks who&#8217;ve been waiting for the stock prices to hit those bottom lines are jumping in to buy. And when they do that &#8211; well&#8230; the market perks up because more demand means higher prices. See?</p>


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		<title>Applying a Conservative Filter</title>
		<link>http://notmymothersblog.com/2009/03/05/applying-a-conservative-filter/</link>
		<comments>http://notmymothersblog.com/2009/03/05/applying-a-conservative-filter/#comments</comments>
		<pubDate>Thu, 05 Mar 2009 02:49:56 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[Politics is Universal]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=301</guid>
		<description><![CDATA[Can we talk about the things that most &#8220;liberals&#8221; don&#8217;t understand? Here&#8217;s the thing. I keep listening to the cable news and the so-called mainstream media and &#8211; okay, listening isn&#8217;t quite the right word. My living room is the scene of some pretty loud and vocal one-way debates that consist of me yelling at [...]]]></description>
			<content:encoded><![CDATA[<p>Can we talk about the things that most &#8220;liberals&#8221; don&#8217;t understand? Here&#8217;s the thing. I keep listening to the cable news and the so-called mainstream media and &#8211; okay, listening isn&#8217;t quite the right word. My living room is the scene of some pretty loud and vocal one-way debates that consist of me yelling at the television, &#8220;Gah! You don&#8217;t GET it!! Did you HEAR what he just said???&#8221;</p>
<p>And the truth is that no, most of the time most of the people really do not hear what &#8220;he&#8221; just said. Oh, we hear the words, but we don&#8217;t understand the subtext. Like when they ask, &#8220;Isn&#8217;t saying you want Obama to fail saying that you want the country to fail?&#8221; Most people don&#8217;t get the fact that the &#8220;failure of the United States&#8221; means something different to conservatives than it does to liberals. </p>
<p>To the true conservative mindset, capitalism &#8211; naked, greedy capitalism &#8211; has not failed us. When they say that the &#8220;fundamentals of the economy are strong&#8221;, that&#8217;s exactly what they mean. The fundamentals of capitalism DEPEND on the scenario that we are currently living. It&#8217;s all part of the cycle. A company grows until it is too large &#8211; or too stupid &#8211; to sustain itself any longer. At that point, it fails and its assets get gobbled up at bargain prices. </p>
<p>The only real solution to the banking crisis is to leave the banks alone, let them collapse and let new banks step in to pick up the business that the fallen banks can no longer service. The solution to the real estate boondoggle is to let housing prices fall until people can afford to buy them again. The solution to the auto makers crisis is to let them go out of business so that the plants can be bought by people who will run them &#8220;more efficiently&#8221; &#8211; read, pay workers lower wages because they&#8217;ll be happy to get a job paying -anything- by that time.</p>
<p>In their eyes, the success of a country is not measured by the average standard of living of ALL of its people. It is measured solely by the growth of the GDP, and if the bulk of that growth goes into just a few pockets, that&#8217;s what capitalism is all about. </p>
<p>Somewhere along the line, there&#8217;s a disconnect. Things got reversed. Instead of capitalism being a tool that serves the country, the country and its people became a tool that serves capitalism, a money-making machine for a privileged few. </p>


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		<title>Hey, Wingnut!</title>
		<link>http://notmymothersblog.com/2009/02/04/hey-wingnut/</link>
		<comments>http://notmymothersblog.com/2009/02/04/hey-wingnut/#comments</comments>
		<pubDate>Wed, 04 Feb 2009 23:39:48 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[Politics is Universal]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=272</guid>
		<description><![CDATA[I&#8217;m sitting here listening to the tide turning and shaking my head in disgust &#8211; not at our President, but at the total ridiculousness of the mainstream and cable news media. We&#8217;re hearing all over the place how the president&#8217;s approval ratings are taking a huge hit, the whole country is disappointed, the president is [...]]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m sitting here listening to the tide turning and shaking my head in disgust &#8211; not at our President, but at the total ridiculousness of the mainstream and cable news media. We&#8217;re hearing all over the place how the president&#8217;s approval ratings are taking a huge hit, the whole country is disappointed, the president is disgusted with the Democrats for stuffing the bill full of pork, nothing has changed, nothing has changed, nothing has changed. Can I just say that if I hear one more right-wing knee-jerk nutcase go into orgasmic overload about how &#8220;our Messiah&#8221; has betrayed us all but they knew better all along, I&#8217;m going to figure out a way to crush nuts through the screen.</p>
<p>Hey, wingnut!!<br />
<b>We didn&#8217;t call him Messiah. YOU did.</b> We know damned well and always have that Barack Obama is not the Second Coming. He never pretended to be. That was a tag you hung on him. The funny thing is, if he could actually get things passed without your wing-numb-knockers tripping all over yourself and spitting up on it, you may turn out to have been ironically right.</p>
<p>Hey, nutjob!!<br />
<b>Your heroes have been lying to you for the past 40 years.</b> Let&#8217;s get something straight, knucklehead &#8211; or is that dittohead? Your big mouthed hero doesn&#8217;t know dick &#8211; or maybe the problem is that he knows Dick way too well. Rush is the L. Ron Hubbard of the Conservative Right world. He figured out a way to make a fortune by feeding your hate and your ignorance &#8211; and then like an idiot, he started to believe his own lies. Get this through your freakin&#8217; noggin. Since Raygun Ronnie, this country has been heading for the toilet, heading back into the Third World and you were too fucking blind to see it because you bought into the totally anti-Christian notion that God will make you rich if you&#8217;re good and if you&#8217;re poor it&#8217;s because God thinks you suck. Remember Job, anyone? Yeah, fuckwit. You&#8217;ve been misled by a bunch of tools who got rich on your donations and promised you that if you kept giving them money and kissed their asses enough, you&#8217;d get rich too.</p>
<p>We had built a Great Society, one respected across the world, because here, in America, if you worked hard, if you saved your money, if you busted your butt, you got treated RIGHT because the gubmint made sure that you got treated right. We had rules about how much you had to be paid, and they were fair. Here&#8217;s how you know they were fair. All those years that the auto companies and big business were screaming about the Unions holding them up and squeezing them out of business? Yeah. Not many of them failed, chilluns. In fact, they did pretty damned well. And they did pretty damned well because the people that worked for them did pretty damned well. It wasn&#8217;t until we started stripping away the regulations that everything started swirling around the crapper. </p>
<p>Let&#8217;s get it straight, okay?<br />
<b>You don&#8217;t repair the economy by giving more money to the assholes that fucked us up in the first place.</b> Or better yet, <b>the ONLY way to rebuild the economy is to put money in the hands of people who spend it</b> and big business has proven time and again that they&#8217;d rather starve their base than part with a few extra pennies of profit. Look.</p>
<p>Taxes are taxes, okay? It doesn&#8217;t fucking matter if I pay it as taxes on my income or if I pay it as salary taxes or if I pay it as sales tax or property tax. No matter how I pay it, it&#8217;s money that I earned and am paying out into the government coffers. When you cut the amount of taxes that I have to pay, you give me more money to spend. And trust me, it WILL get spent. And it won&#8217;t get spent on shoddy-ass products made by some big company that moved its factory to India or China because the government there hasn&#8217;t yet figured out that killing people with pollution just ain&#8217;t good for your country, okay? It will get spent on food at the supermarket, which will then not have to close its doors or lay off a dozen cashiers and a pair of butchers and two managers because there are 20,000 or so more people like me spending an extra $25 a week at the register. Oh, and they&#8217;ll be ordering more milk from the local dairy and more bread from the bakery across town and more cookies that have to be trucked across the country so the truckdrivers stay in work and the gas stations? Well, they get to stay open, too.</p>
<p>And that&#8217;s just one aspect of the plan and the ripple effect it will have.</p>
<p>Hey, numbskull &#8212; yeah, you over there, bitching about the $2 million to some city in Indiana to build a public golf course and calling it pork and saying it won&#8217;t help stimulate the economy, and besides, why the fuck should we be funding a golf course in Indiana? Let&#8217;s start with the 53 people they say will get put to work immediately. Every single one of those 53 people will be another person not collecting unemployment &#8211; and probably not food stamps either. Every single one of those 53 people will be spending money in the community AND paying taxes into the Fed, got that much? Okay. Now. Once that golf course and clubhouse is built, it&#8217;s not going to run itself. It&#8217;s going to need greenskeepers, and staff, and golf instructors, and folks to work at the snack bar and the restaurant, and it will also generate revenue, yes? </p>
<p>Now here&#8217;s the part that I just don&#8217;t get. Those things are so freaking clear and obvious &#8211; why the HELL isn&#8217;t SOMEONE explaining it that way? Why the hell aren&#8217;t the idiots on the cable and network TV challenging the idiots who claim the big lies like &#8220;spending doesn&#8217;t stimulate the economy, tax cuts to corporations do&#8221; and &#8220;this whole thing is the fault of the Community Reinvestment Act&#8221; and &#8220;Glass-Steagall was passed by a Democrat&#8221; Okay &#8211; the last one is half-true. It was passed by a Republican Congress under Clinton &#8211; a veto-proof Republican Congress.</p>
<p>Since when does bipartisanship mean &#8220;I&#8217;ll use your lousy ideas even though I know they won&#8217;t work&#8221;?</p>
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		<title>You&#8217;ve Got to Be Kidding, Mika</title>
		<link>http://notmymothersblog.com/2009/02/02/youve-got-to-be-kidding-mika/</link>
		<comments>http://notmymothersblog.com/2009/02/02/youve-got-to-be-kidding-mika/#comments</comments>
		<pubDate>Mon, 02 Feb 2009 12:43:47 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[Politics is Universal]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=252</guid>
		<description><![CDATA[Mika&#8217;s response to the statement that the Obama team considers &#8220;welfare programs&#8221; like increased food stamps, extended unemployment benefits and increased aid to states for Medicaid to be stimulative: a startled laugh and &#8220;You&#8217;ve got to be kidding!&#8221;
Well, no, sweetheart, we&#8217;re not kidding. And I seriously long for your father to give you one of [...]]]></description>
			<content:encoded><![CDATA[<p>Mika&#8217;s response to the statement that the Obama team considers &#8220;welfare programs&#8221; like increased food stamps, extended unemployment benefits and increased aid to states for Medicaid to be stimulative: a startled laugh and &#8220;You&#8217;ve got to be kidding!&#8221;</p>
<p>Well, no, sweetheart, we&#8217;re not kidding. And I seriously long for your father to give you one of those scathing, &#8220;Your knowledge of the situation is so stunningly superficial that you&#8217;re an embarrassment to me&#8221; comments. Because seriously, if you think that an increase in the budget for food stamps, unemployment benefits and Medicaid is &#8220;only stimulative in the long term&#8221; then you have no fucking understanding of how economies move. But then, that shouldn&#8217;t be surprising at all. After all, you sit next to morning Blowhard every morning and listen to his know-nothing bluster.</p>
<p>What&#8217;s not stimulative in the LEAST is cutting capital gains taxes. It has not EVER proven effective before. EVER. <b>The only tax cuts that have any remote chance of having an immediate effect on loosening up the economy are payroll tax cuts for working families who are barely surviving</b> &#8211; and here&#8217;s the reason why. Those folks are not going to put an extra $20 or $30 or $50 a week into a bank account or a sock under their pillow. They&#8217;re not going to save it up till they have the ideal conditions to invest it in a new shopping mall (which will fail because no one has the money to shop there and none of the businesses that would have rented there are in business any longer because y&#8217;know, we concentrated on giving the mall developer a capital gains tax cut and ignored the folks that put money in his pocket).</p>
<p>And can we stop calling this a stimulus package? WE don&#8217;t call it a stimulus package &#8211; we call it a recovery package. We can&#8217;t fucking stimulate a dead economy &#8211; and if we don&#8217;t stop the goddamned bleeding by preventing the loss of hundreds of thousands more jobs we&#8217;ll have a freaking dead economy and nothing to stimulate.</p>


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		<title>Drinking Pistachio Koolaid</title>
		<link>http://notmymothersblog.com/2009/01/28/drinking-pistachio-koolaid/</link>
		<comments>http://notmymothersblog.com/2009/01/28/drinking-pistachio-koolaid/#comments</comments>
		<pubDate>Wed, 28 Jan 2009 11:18:01 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[Politics is Universal]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=246</guid>
		<description><![CDATA[So a search for Dunkin Donuts coffee references on the web led me to a blog post that posited an old conservative talking point: building the economy from the bottom up doesn&#8217;t work. To quote Political Pistachio:
Provide money to the poorest, I suppose, so that they can spend the money, and then as they buy [...]]]></description>
			<content:encoded><![CDATA[<p>So a search for Dunkin Donuts coffee references on the web led me to a blog post that posited an old conservative talking point: building the economy from the bottom up doesn&#8217;t work. To quote <a target="_blank" href="http://politicalpistachio.blogspot.com/">Political Pistachio</a>:</p>
<blockquote><p>Provide money to the poorest, I suppose, so that they can spend the money, and then as they buy goods it will somehow encourage businesses to produce more goods, and so on and so forth.</p>
<p>Since when does the bottom create jobs and produce goods?</p>
<p>Simple fact is that the creation of jobs and products comes from businesses, not from the bottom income earners. And the people who own businesses are in business to make a profit.
</p></blockquote>
<p>It&#8217;s kinda like the rhetorical question that goes &#8220;When did a poor person ever give you a job?&#8221;</p>
<p>The answer is &#8211; every time they buy groceries. Every time they pay a utility bill. Every time they buy a lousy cup of coffee at Dunkin Donuts, they are increasing demand which must be filled by supply which must be met by investing in creating new positions because you can&#8217;t keep up with the demand for your product with the people you&#8217;re already employing. It&#8217;s Econ 101, folks. You start a business in your garage making widgets. You can make 10 widgets a day by yourself. Thing is, people really really like your widgets. You can doodle along making 10 widgets a day and make a little money &#8211; or you can bring in a couple more people so you can make 50 widgets a day and make MORE money. And of course, you need more of the stuff that you make widgets out of, so the companies that make that stuff need to hire more workers and buy more raw materials and&#8230; you can see where this is going, right?</p>
<p>But no, says the Pistachio Patriot (I know it&#8217;s a patriot writing because of all the American flags on the background of the page). More quote:</p>
<blockquote><p>The theory is that they will buy products, which will then theoretically put people to work to produce more products, and so forth.</p>
<p>People, however, don&#8217;t live like that. They live to their means. They buy everything on credit, sort of like the government does. So I am willing to bet you that what is going to happen when everyone receives their Obama Stimulus Checks from the IRS is that they are not going to go running down to their local Wal-Mart, or their local electronics store, and start gleefully buying things they had no interest in buying in the first place. They are going to apply those funds to their credit cards to pay down the balances, or they are going to pay down their furniture loan, or pay down their car loan, or pay down their mortgage line of credit, or they may just simply stick the extra money underneath their mattress and save it for a rainy day.</p></blockquote>
<p>Here&#8217;s the thing. First, we&#8217;re not talking about &#8220;Obama Stimulus Checks&#8221; here. We&#8217;re talking about reducing payroll taxes to put more money in people&#8217;s pockets every week. We&#8217;re not talking about fancy shmancy electronics &#8211; most of which are now being made overseas to cut costs and increase profit margins because why make $5 on something when you can gouge workers, expose them to toxic substances, not pay any health care or Social Security costs and make $8 instead? We&#8217;re talking about, oh, I don&#8217;t know &#8211; food. And laundry detergent. And shampoo. And rent and gas and heating oil. Not as glamorous as imagining us all running out to buy microwaves and coffee pots and gadgets &#8211; but those are the things on which our economy actually runs. And when the grocery stores and clothing stores and corner coffee shops start failing (oh, wait &#8211; I mean the ones that Wal*Mart didn&#8217;t already KILL), that&#8217;s when we&#8217;ll be in some serious trouble. </p>
<p>So yeah. Trickle down economics doesn&#8217;t work. You can&#8217;t build a top-heavy economy where all the money gets sucked up and siphoned off out of the country in a huge reverse sucking toilet drain because &#8211; well, to quote the Pistachio Patriot again, &#8220;the business owners will just pack up and take their businesses out of the country where they feel they can make more profit.&#8221; </p>
<p>That&#8217;s not what WILL happen &#8211; that&#8217;s what&#8217;s BEEN happening. The fact of the matter is that big business has no loyalty or patriotism. They&#8217;re not in it to make America great again &#8211; they&#8217;re in it to fill their pockets, and if they have to do it by starving the country until the middle/working class gets down on its knees and accepts the natural dominance of those who have more money, then by jingo, they will. They&#8217;ll come stomp on our faces again when the other countries in the world decide that they don&#8217;t want polluted sludge for water and half their population dying of diseases related to unregulated exposure to toxic wastes and start regulating emissions and worker rights. By that time, we should be hungry enough to beg them to come spew their toxic shit all over our landscape and air and waterways again.</p>
<p>Then again, he also believes that business owners will increase supply which then will increase demand because more supply means lower prices &#8211; without realizing that when no one has money to buy, you end up with parking lots full of cars that no one can afford to buy. Wait. Don&#8217;t we already have that? Money put into food stamps and extended unemployment benefits goes RIGHT back into the economy. It keeps the supermarkets and diners and gas stations open. It keeps more people working &#8211; that&#8217;s SAVING jobs, which costs a lot less than creating them and negates the need for creating some of them. It keeps people from panicking and stuffing their nuts in their pillowcases and greases the wheels a bit so that business owners can see a reason to increase their supply &#8211; because, y&#8217;know, people have jobs and money to spend.</p>
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		<title>Morning Coffee and Stella D&#8217;Oro Strike</title>
		<link>http://notmymothersblog.com/2009/01/24/morning-coffee-and-stella-doro-strike/</link>
		<comments>http://notmymothersblog.com/2009/01/24/morning-coffee-and-stella-doro-strike/#comments</comments>
		<pubDate>Sat, 24 Jan 2009 12:04:27 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[Human Decency]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=236</guid>
		<description><![CDATA[This is what happens when making money for the few becomes more important than providing a product that makes a living for the many. Coffee and Stella D&#8217;Oro &#8211; A Bittersweet Story


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			<content:encoded><![CDATA[<p>This is what happens when making money for the few becomes more important than providing a product that makes a living for the many. <a href="http://coffeebreak.today.com/2009/01/23/coffee-and-stella-doro-a-bittersweet-story/" target="_blank">Coffee and Stella D&#8217;Oro &#8211; A Bittersweet Story</a></p>


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		<title>I love it when the experts agree&#8230;</title>
		<link>http://notmymothersblog.com/2009/01/08/i-love-it-when-the-experts-agree/</link>
		<comments>http://notmymothersblog.com/2009/01/08/i-love-it-when-the-experts-agree/#comments</comments>
		<pubDate>Thu, 08 Jan 2009 14:33:50 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=218</guid>
		<description><![CDATA[&#8230;with me. Will Straw wrote yesterday at Americanprogress.org that the things that will most stimulate the economy are measures that are aimed at those most in need among us. He specifically cites increasing money available for unemployment benefits and food stamps as examples, both examples that I&#8217;ve used repeatedly for effective ways to keep the [...]]]></description>
			<content:encoded><![CDATA[<p>&#8230;with me. <a target="_blank" href="http://www.americanprogress.org/issues/2009/01/case_econ_stimulus.html">Will Straw</a> wrote yesterday at Americanprogress.org that the things that will most stimulate the economy are measures that are aimed at those most in need among us. He specifically cites increasing money available for unemployment benefits and food stamps as examples, both examples that I&#8217;ve used repeatedly for effective ways to keep the economy moving, and he gives the same reasons I&#8217;ve given: when you put a little bit more money into the pockets of those who need it most on a regular, continuing basis, THEY SPEND IT. They spend it because they HAVE TO, because they NEED it. </p>
<p>So why should we give money to someone who has lost his job? </p>
<p>Because when we do, he can give that money to his landlord and his utility company and his local service station. He can pay for repairs on his car, replace appliances that break, and maybe, just maybe, afford an occasional small luxury like a movie or a dinner at the local diner. Each of those, in turn, can use that money to do all of those things, as well as to pay their taxes. And eventually, since the need for services is not falling (the apartment complex still needs maintenance men, the utilty company still needs meter readers, the gas station needs an attendant, the local supermarket needs more checkers), there are more jobs. It&#8217;s not a total solution, it&#8217;s a stopgap &#8211; but a stopgap in the truest sense of the word. It helps stop the bleeding, and any doctor can tell you that you can do the most brilliant surgery in the world, but if you can&#8217;t stop the bleeding from the wound, you&#8217;ll still lose the patient.</p>
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		<title>The Most-quoted Misniformation of the Past Year</title>
		<link>http://notmymothersblog.com/2009/01/08/the-most-quoted-misniformation-of-the-past-year/</link>
		<comments>http://notmymothersblog.com/2009/01/08/the-most-quoted-misniformation-of-the-past-year/#comments</comments>
		<pubDate>Thu, 08 Jan 2009 14:19:10 +0000</pubDate>
		<dc:creator>Deb</dc:creator>
				<category><![CDATA[Environment]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Politics is Universal]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://notmymothersblog.com/?p=216</guid>
		<description><![CDATA[There are some things I hear repeated day after day that just drive me nuts. These little nuggets of &#8220;everybody knows it&#8217;s true&#8221; misinformation form the building blocks of really really huge lies that are getting sold to us as THE TRUTH. They get repeated so often that people simply accept them as fact and [...]]]></description>
			<content:encoded><![CDATA[<p>There are some things I hear repeated day after day that just drive me nuts. These little nuggets of &#8220;everybody knows it&#8217;s true&#8221; misinformation form the building blocks of really really huge lies that are getting sold to us as THE TRUTH. They get repeated so often that people simply accept them as fact and start building on them, or start constructing elaborate arguments against their consequences, thus lending them credibility and credence. These falsoids are responsible for such things as people believing that Barack Obama has refused to show his birth certificate to the Supreme Court or that the current financial meltdown was caused because fuzzy liberals wanted to give houses to black people. This is my list of some of the biggest bits of misinformation in the past year.</p>
<p>Can we please put to rest the canard that the sub-prime crisis was caused because &#8220;we let people own houses that they couldn&#8217;t afford&#8221;? &#8220;WE&#8221; did no such thing and even if we did, those loans were not the cause of the sub-prime financial crisis. The sub-prime crisis was not caused because the Democrats forced the banks at gunpoint to lend money to blacks and irresponsible poor people. The sub-prime crisis was caused by irresponsible, criminal rich people who figured out a way to swindle the system and pay no consequences. It was caused by college-educated rich people who figured out a way to divorce their profits from any risk of loss. It was no less criminal than the S&amp;L collapse in the early 90s or the Enron scandal at the start of the 2000s. </p>
<p>Barack Obama is not hiding his birth certificate. He has not refused to show his birth certificate. The &#8220;original birth certificate&#8221; debate is the most ridiculous mishmash of misunderstandings and outright lies that I&#8217;ve seen in a long time. Barack Obama has not refused to show his birth certificate to a court because no court has ordered him to show his birth certificate. Barack Obama HAS shown his birth certificate and it contains everything that is needed to show his eligibility to serve as president. There is no evidence at all that Barack Obama was born outside the United States.</p>
<p>A parent cannot give up the U.S. citizenship of his/her minor child. A minor child cannot give up their own citizenship, in fact. Thus, it was not possible for Barack Obama&#8217;s mother to give up his U.S. citizenship and render him ineligible to serve as president of the United States.</p>
<p>An economic stimulus package is more than a $500 check to everyone in the United States. This one drives me nuts. I keep hearing people argue against Obama&#8217;s economic stimulus package because &#8220;the last stimulus package didn&#8217;t do any good&#8221;. Well, DUH!! That wasn&#8217;t a stimulus package. It was pissing into a bucket. What the hell use was $500 in my pocket six months ago? A better plan? Reduce payroll taxes for a year and put an extra $25 in my pocket every single week. That $25 will get spent, trust me. That&#8217;s a spending stimulus package that will encourage me to replace my coffee maker, go to the movies, buy a few magazines, pay for a coffee at the diner &#8212; in other words, the kind of regular, sustained spending that keeps money circulating.</p>
<p>However &#8212; off track there. This economic stimulus package is being sold wrong. It&#8217;s not a bailout, and it&#8217;s not a &#8220;stimulus&#8221;. It&#8217;s a freaking investment. We&#8217;re not talking about sending $500 to every taxpayer. We&#8217;re talking about rebuilding crumbling roads, bridges, schools and public buildings. We&#8217;re talking about upgrading water treatment plants, repairing, rebuilding and re-tooling the energy delivery grid, increasing the reach of broadband access &#8212; and every single one of those things will improve our ability to meet challenges in the future.</p>
<p>Industries do not move their manufacturing and service jobs overseas because of lower taxes in other countries. They move to other countries because of the lack of regulations governing their business. They move to other countries because no one in other countries requires them to provide for worker safety. No one in other countries requires them to clean their poisons out of the water before they dump it into the rivers and oceans. They move to other countries because they can pay workers less than half what they pay them here and force them to work more hours than is good for health, safety or sanity. </p>
<p>&#8220;Improving infrastructure&#8221; does not mean building roads and bridges. Or, more specifically, it means MORE than building roads and bridges. It means more than giving money to states who hire people to repair roads and bridges and wastewater treatment plants, though those are all very necessary things and are part of the equation. It means investing in companies that are laying cable for broadband access &#8211; because the U.S. is so far behind other countries in providing universal broadband access, it&#8217;s not funny. It means providing government funding for startups who are working on ways to produce and deliver greener energy choices. It means things that many of us can&#8217;t even conceive because we aren&#8217;t THERE, dreaming up things that may be possible.</p>
<p>The vast majority of Obama&#8217;s supporters do not believe he is the Messiah, and we have not drunk anyone&#8217;s Koolaid. Frankly, Obama wasn&#8217;t serving up Koolaid. He was serving up cups of truth laced with hope. I&#8217;ve never quite got the people who think we all fell under the spell of Papa Obama promising that he&#8217;d &#8220;take care of us&#8221; when every single one of his speeches enjoined us all to work for the things we believe. We voted for empowerment, dude. We voted for a guy that said &#8220;you gotta work for the change you want, but if you work for it, I will back you every step of the way&#8221;.</p>
<p>As many people voted for Obama IN SPITE of his color as voted for him BECAUSE of his color. Most of us who voted for him didn&#8217;t give a fig what color his skin is. And frankly, most of those who voted for someone else didn&#8217;t give a fig what color his skin is, either. But race most certainly played a part in this election. It was the tap-dancing elephant in the room.</p>
<p>The story of Kaylee Anthony was a sad one, but it occupied far more media attention than it deserved. Sadly, there are thousands more little children who go missing every year and whose names no one ever has heard. </p>
<p>Torture does not deliver actionable intelligence most of the time. It&#8217;s a fiction promoted by some of our favorite television shows. The truth is that we get more truth through softer interrogation techniques. </p>
<p>The media is not liberal or left-wing biased. Sorry. It&#8217;s just not. The media has promulgated all the right-wing talking points for so long that most people have never even HEARD a real liberal agenda. </p>
<p>There&#8217;s more, so much more that I can&#8217;t possibly fit it into one post. There are fallacies about public health care (hint: Canada&#8217;s &#8220;socialized medicine&#8221; is far more effective than ours, and Canadians don&#8217;t want to sneak across the border to see our doctors), about economics (corporate tax cuts do not stimulate anything but higher profits for stockholders and CEOs) and about the economy (we DO need to rebuild our manufacturing base and create local economies without losing sight of the global economy). I&#8217;m holding my breath till January 20th&#8230; and we&#8217;ll see where we go from there.</p>
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