Tuesday, December 13, 2011

The Middle Class Grow the Economy, Not the Rich - President’s Speech Hints at Alternative Model of Growth

'As the president noted: “When middle-class families can no longer afford to buy the goods and services that businesses are selling, it drags down the entire economy from top to bottom. … that’s why a CEO like Henry Ford made it his mission to pay his workers enough so they could buy the cars they made.”



There are many other connections besides the demand case the president makes: a strong middle class is a prerequisite for robust entrepreneurship and innovation, a source of trust that makes business transactions more efficient, a bulwark against credit booms and busts, and a progenitor of virtuous, forward-looking behaviors, such as valuing education.'


Monday, December 12, 2011

Democracy Now! - The Lost Decade: Bolivian Pablo Solón Decries Climate Deal Postponing New Emissions Cuts Until 2020

'In 2010, then-Ambassador Pablo Solón headed Bolivia’s climate negotiating team for the U.N. Climate Change Conference in Cancún, Mexico. However, for this year’s climate summit he joined climate justice activists outside the official conference in the streets of Durban demanding the United States, and other historically large greenhouse gas emitters, agree to legally binding emissions cuts. "Developed countries, like the U.S., Europe, Japan, Russia, are just trying to avoid their responsibility when it comes to greenhouse emissions cuts," says Solón. "So, that is the real outcome out of Durban, and that is why there is so much concern around the world, because, especially the developing countries, the poor nations, and the poor people around the world, even in the United States, are going to be those ones that are going to suffer the consequences of this. That is why we call it a climate apartheid."'

Wednesday, December 7, 2011

Obama on ‘Trickle Down’ Economics: ‘It Doesn’t Work, It Has Never Worked’

'Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If only we cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger. Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even if prosperity doesn’t trickle down, they argue, that’s the price of liberty.



It’s a simple theory – one that speaks to our rugged individualism and healthy skepticism of too much government. And that theory fits well on a bumper sticker. Here’s the problem: It doesn’t work. It has never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible post-war boom of the 50s and 60s. And it didn’t work when we tried it during the last decade.'

~ President Barack Obama


Monday, December 5, 2011

100 Economists Urge Obama to “Create Jobs” With New National Parks, Monuments, and Wilderness Areas

'There is a wide variety of jobs created from protecting public lands, many of which are detailed in the Center for American Progress’ recent report, “The Jobs Case for Conservation.” These include outdoor guides, construction workers restoring trails and forests, manufacturers of outdoor goods like skis and hunting equipment, engineers, and park rangers, to name just a few. The Outdoor Industry Association notes that the outdoor recreation industry supports 6.5 million jobs and $730 billion in economic growth every year.'