Comments on: Two competing economic forums: Different issues, disagreement on solutions http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/ Thu, 24 May 2012 16:54:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: USB 3G http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1554608 USB 3G Wed, 28 Dec 2011 01:36:00 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1554608 Oh nice, thanks for share! Oh nice, thanks for share!

]]> By: Welcome Back Carteh http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1131231 Welcome Back Carteh Sun, 01 Feb 2009 06:36:00 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1131231 I would rather pay a trillion dollars to fight a crucial war and ensure the safety of our country and its soldiers than to pay for the mistakes of corrupt Congressmen and the bankers they are lobbied by. In fact, that is a sacrifice I expect my tax dollars to go toward, certainly not honey bees or condoms. I would rather pay a trillion dollars to fight a crucial war and ensure the safety of our country and its soldiers than to pay for the mistakes of corrupt Congressmen and the bankers they are lobbied by. In fact, that is a sacrifice I expect my tax dollars to go toward, certainly not honey bees or condoms.

]]> By: Two competing economic forums: Different issues, disagreement on … : PlanetTalk.net - Learn the truth , no more lies http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130706 Two competing economic forums: Different issues, disagreement on … : PlanetTalk.net - Learn the truth , no more lies Sat, 31 Jan 2009 19:09:50 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130706 [...] Read the original post: Two competing economic forums: Different issues, disagreement on … [...] [...] Read the original post: Two competing economic forums: Different issues, disagreement on … [...]

]]> By: Sassy http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130699 Sassy Sat, 31 Jan 2009 18:57:48 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130699 Susan, thanks for your work! I agree that our actions impact the globe, but I am starting to doubt that we even have the ability to move our country in the right direction. Your video showing protesting workers, from yesterday I believe, and your questioning why we don't see this here yet...most of us went to our jobs, did what we were told, and kept our mouths shut. The unions have representation, but their memberships are in decline, and few of them are going to draw fire from their officers. The only solution is good jobs that people can feel secure enough about to make short-term and long-term commitments to their finances. Susan, thanks for your work!
I agree that our actions impact the globe, but I am starting to doubt that we even have the ability to move our country in the right direction.
Your video showing protesting workers, from yesterday I believe, and your questioning why we don’t see this here yet…most of us went to our jobs, did what we were told, and kept our mouths shut.
The unions have representation, but their memberships are in decline, and few of them are going to draw fire from their officers.
The only solution is good jobs that people can feel secure enough about to make short-term and long-term commitments to their finances.

]]> By: Annie Oakley http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130686 Annie Oakley Sat, 31 Jan 2009 18:49:02 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130686 I noticed he didn't mention any shame over that. His donor list read like a who's who of the troubles. He also set the price tag on the presidency so high as to insure the next election is just as much a special interest auction. I noticed he didn’t mention any shame over that. His donor list read like a who’s who of the troubles. He also set the price tag on the presidency so high as to insure the next election is just as much a special interest auction.

]]> By: Annie Oakley http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130676 Annie Oakley Sat, 31 Jan 2009 18:34:22 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130676 The destruction of our economy has been masked for decades by the growth of structured finance. Essentially, Capital packed up our economy, factory by factory, and sent it overseas. True wealth - the invested capital to create more wealth - has been in decline along with the standard of living for regular citizens for decades, while the magnitude of the decline has been hidden through debt and bubbles. Throughout this era of structured finance, the distribution of wealth has become more lopsided. It is not enough to now restart Wall St. with another capital transfusion. Another bubble on Wall St. may make the banking class happy, but it does nothing for the peasants. It is a false argument to make this an issue between capitalism and socialism and claim that the complaints of the broader population amount to a call for Socialism. What many of us are advocating for is a better capitalism and a more democratic representation. Our current system is a poor representation of both. The destruction of our economy has been masked for decades by the growth of structured finance. Essentially, Capital packed up our economy, factory by factory, and sent it overseas. True wealth – the invested capital to create more wealth – has been in decline along with the standard of living for regular citizens for decades, while the magnitude of the decline has been hidden through debt and bubbles. Throughout this era of structured finance, the distribution of wealth has become more lopsided. It is not enough to now restart Wall St. with another capital transfusion. Another bubble on Wall St. may make the banking class happy, but it does nothing for the peasants.

It is a false argument to make this an issue between capitalism and socialism and claim that the complaints of the broader population amount to a call for Socialism. What many of us are advocating for is a better capitalism and a more democratic representation. Our current system is a poor representation of both.

]]> By: ChooChooMagoo http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130671 ChooChooMagoo Sat, 31 Jan 2009 18:31:06 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130671 mountainaires - Enjoyed the Lindorff article very much. Thanks for sharing. mountainaires –

Enjoyed the Lindorff article very much. Thanks for sharing.

]]> By: Darren Hutchinson http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130651 Darren Hutchinson Sat, 31 Jan 2009 17:58:29 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130651 I agree with the hypocrisy argument. In fact, many Dems were complicit in the very policies that liberals now claim caused the economic meltdown -- but only Republicans get the blame. I think the we have to be consistent. But I generally believe that this mess was not caused by one party or by government. It had many sources. <a href="http://dissentingjustice.blogspot.com/2009/01/hold-them-accountable-part-ii-if.html" rel="nofollow">Hold Them Accountable Part II: If Conservatives Caused the Economic Crisis, They Had a Lot of Help from Democrats!</a> I agree with the hypocrisy argument. In fact, many Dems were complicit in the very policies that liberals now claim caused the economic meltdown — but only Republicans get the blame. I think the we have to be consistent. But I generally believe that this mess was not caused by one party or by government. It had many sources. Hold Them Accountable Part II: If Conservatives Caused the Economic Crisis, They Had a Lot of Help from Democrats!

]]> By: LD http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130519 LD Sat, 31 Jan 2009 14:58:18 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130519 Mountainaires...very interesting link. The implications of this economic meltdown are potentially very daunting. Mountainaires…very interesting link. The implications of this economic meltdown are potentially very daunting.

]]> By: Elizabeth http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130518 Elizabeth Sat, 31 Jan 2009 14:55:25 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130518 If offered a choice between executive compensation and death, banks, just like their customers, will swollow the unfavorable terms of a loan. It really is that basic. This feels more like the debt of gratitude Obama owes Wall Street for their fantastically generous campaign donations. If offered a choice between executive compensation and death, banks, just like their customers, will swollow the unfavorable terms of a loan. It really is that basic.

This feels more like the debt of gratitude Obama owes Wall Street for their fantastically generous campaign donations.

]]> By: mountainaires http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130503 mountainaires Sat, 31 Jan 2009 14:41:38 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130503 <strong>Unions Condemn Davos Delegates in Blistering Attack at Davos</strong> <blockquote>The gloom surrounding this year’s World Economic Forum descended into confrontation yesterday as international labour leaders launched a withering attack on the 1,400 business executives and 41 heads of government at Davos over what the labour leaders alleged was their failure to respond effectively to a deepening crisis of their own creation. Guy Ryder, the general secretary of the International Trade Union Confederation (ITUC), said that the current financial turmoil had triggered a social timebomb that would lead to deepening civil unrest and soaring crime. [...] Mr Ryder, speaking as <strong>strikes involving hundreds of thousands of workers erupted across France and Germany</strong>, told The Times: “We are on the road to serious social instability, which could be extremely dangerous in some countries to democracy itself.” [...] “The certainties that have defined Davos for the past ten years have collapsed,” he said. <strong>“We are witnessing the collapse of an entire system of ideas.”</strong> </blockquote> http://business.timesonline.co.uk/tol/business/economics/article5614520.ece I think Dave Lindorff is right on the mark here: <strong>The Ugly Truth: The American Economy is Not Coming Back</strong> <blockquote>Over the last 20 years, America has degenerated into a nation of consumers, with <strong>72 percent of Gross Domestic Product </strong>(sic) now being accounted for by consumer spending—most of it going for things that are produced overseas and shipped here. That is not an economic model that is sustainable, and it is a model that has just suffered what is certainly a mortal blow. [...] The honest truth is that the US is technically bankrupt and in a state of chronic decline, and yet the nation persists in spending a trillion dollars a year on war and preparations for war, as though America were in mortal danger from foreign enemies.</blockquote> http://www.counterpunch.org/lindorff01302009.html Unions Condemn Davos Delegates in Blistering Attack at Davos

The gloom surrounding this year’s World Economic Forum descended into confrontation yesterday as international labour leaders launched a withering attack on the 1,400 business executives and 41 heads of government at Davos over what the labour leaders alleged was their failure to respond effectively to a deepening crisis of their own creation.

Guy Ryder, the general secretary of the International Trade Union Confederation (ITUC), said that the current financial turmoil had triggered a social timebomb that would lead to deepening civil unrest and soaring crime.

[...]

Mr Ryder, speaking as strikes involving hundreds of thousands of workers erupted across France and Germany, told The Times: “We are on the road to serious social instability, which could be extremely dangerous in some countries to democracy itself.”

[...]

“The certainties that have defined Davos for the past ten years have collapsed,” he said. “We are witnessing the collapse of an entire system of ideas.”

http://business.timesonline.co.uk/tol/business/economics/article5614520.ece

I think Dave Lindorff is right on the mark here:

The Ugly Truth: The American Economy is Not Coming Back

Over the last 20 years, America has degenerated into a nation of consumers, with 72 percent of Gross Domestic Product (sic) now being accounted for by consumer spending—most of it going for things that are produced overseas and shipped here.

That is not an economic model that is sustainable, and it is a model that has just suffered what is certainly a mortal blow.

[...]

The honest truth is that the US is technically bankrupt and in a state of chronic decline, and yet the nation persists in spending a trillion dollars a year on war and preparations for war, as though America were in mortal danger from foreign enemies.

http://www.counterpunch.org/lindorff01302009.html

]]> By: tek http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130493 tek Sat, 31 Jan 2009 14:28:43 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130493 I think we should be careful about lauding dictators who are creating many of the problems in third-world countries. Correa is a very bad man. I think we should be careful about lauding dictators who are creating many of the problems in third-world countries. Correa is a very bad man.

]]> By: lark http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130484 lark Sat, 31 Jan 2009 13:50:23 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130484 Good point. Good point.

]]> By: Welcome Back Carteh http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130483 Welcome Back Carteh Sat, 31 Jan 2009 13:48:42 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130483 He's also considering a TARP II, creating a "bad" bank to absorb all the losses from the other banks. That's another trillion. He’s also considering a TARP II, creating a “bad” bank to absorb all the losses from the other banks. That’s another trillion.

]]> By: wodiej http://www.noquarterusa.net/blog/12871/two-competing-economic-forums-different-issues-disagreement-on-solutions/#comment-1130480 wodiej Sat, 31 Jan 2009 13:35:01 +0000 http://www.noquarterusa.net/blog/?p=12871#comment-1130480 no shit.... no shit….

]]>