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 ‘Left, Right & Center’: Spending for America; Clinton’s Pakistan GamblePosted on Oct 30, 2009
Consumer spending drives the real economy, and it has taken a plunge. Did we save the banks at the expense of the people? Also this week: The health care reform bill finally appears on the scene, and Hillary Clinton attempts a precarious balancing act in Pakistan—are either of these developments successful? Listen and find out what the LRC commentators (minus Ms. Huffington, alas) think about it all. —KA Hey, bonus LRC!: To watch streaming video footage from last Sunday’s “Left, Right & Center Live” broadcast from the Broad Stage in Santa Monica, click here. KCRW: Advertisement  Previous item: Boehner Decries Health Bill as 'Government Takeover' Next item: 'The Daily Show': For Fox Sake! Elsewhere: . CommentsAre you a Truthdig member yet? Login now, or register with Truthdig. Add Your Comment
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By antispin, November 2 at 12:20 am #
Hey, try it for yourself! Include a link to http://www.gorenfeld.net/book/ in your comment and watch it not post!
Report thisBy antispin, November 2 at 12:07 am #
I may be wrong about this, but when I try to refer the source of Blankley’s sustenance at the KCRW LRC site: http://www.kcrw.com/news/programs/lr/lr091030consumer_spending_he#idc-ctools
Report thisBy including a reference to web site http://www.gorenfeld.net/book/
which exposes the loony moonies, it automatically censored. Weird.
By BenL, October 31 at 12:52 am #
(Unregistered commenter)
We need a public jobs program. Go to http://fullemployment.blogspot.com for some ideas. Or try National Jobs for All Coalition, njfac.org. Rutgers University report America’s New Post-Recession Employment Arithmetic states that between 1980 - 2000 the economy added 35 million private sector jobs. Between 2000 - 2007 it lost 1.7 million private sector jobs. Also the EPI.org has articles about full employment. Also see U.C. Berkeley professor Emmanuel Saez’ study, “Striking It Richer” updated August, 2009, that states that between 2000 and 2007 the top 1% of households in income received 65% of the economic growth.
Also go to E. James Welsh, Finnancial Commentator, and read his August report that quotes Deutsche Bank’s prediction that by 2010 50% of all mortgages will be underwater, up from today’s 27% or 30%.
The central question which no one, including Tony, can answer is “Where will the jobs come from?” Public jobs is a viable plan. For that go back to EPI, look for “The Plan to End the Jobs Crisis”
http://www.epi.org/publications/entry/pm152/
See my blog, http://benL8.blogspot.com and read my letter to Congressman Stark, June, 2009, for some unsettling details about wealth distribution, etc. Good luck, I share your pessimism. B.L.
Report this