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View Diary: Obama to GOP: Your move (131 comments)

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  •  it doesn't happen that quickly (4+ / 0-)
    Recommended by:
    thomask, stagemom, jrooth, Laconic Lib

    but the pressure builds, and we see who blinks first. it's time to find out.

    The cold passion for truth hunts in no pack. -Robinson Jeffers

    by Laurence Lewis on Mon Jan 14, 2013 at 12:08:34 PM PST

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    •  The market response happened quickly (0+ / 0-)

      last time. Ditto for the de-valued bond rating...

      The Class, Terror and Climate Wars are indivisible and the short-term outcome will affect the planet for centuries. -WiA "When you triangulate everything, you can't even roll downhill..." - PhilJD

      by Words In Action on Mon Jan 14, 2013 at 12:16:30 PM PST

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      •  the market devaluation (1+ / 0-)
        Recommended by:
        divineorder

        was specifically tied to the political games, the brinksmanship. the possible default is separate. and the markets were so worried in december that they were soaring. it's a game, a ruse, an excuse.

        The cold passion for truth hunts in no pack. -Robinson Jeffers

        by Laurence Lewis on Mon Jan 14, 2013 at 12:29:48 PM PST

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        •  Exactly. There are other problems here, like the (2+ / 0-)
          Recommended by:
          Laurence Lewis, Words In Action

          26 million unemployed-underemployed-flat gave up and their families.

          A massive direct hire jobs programs would make the markets shoot up like a rocket. That's what  we need.

          Good to see the President both talk jobs and put the Republicans on notice. The proof, though, is in the pudding as they say...

          Dem Economist Galbraith nailed it on the debt crisis fail:

          That the looming debt and deficit crisis is fake is something that, by now, even the most dim member of Congress must know.  The combination of hysterical rhetoric, small armies of lobbyists and pundits, and the proliferation of billionaire-backed front groups with names like the “Committee for a Responsible Federal Budget” is not a novelty in Washington. It happens whenever Big Money wants something badly enough.

          Big Money has been gunning for Social Security, Medicare and Medicaid for decades – since the beginning of Social Security in 1935. The motives are partly financial: As one scholar once put it to me, the payroll tax is the “Mississippi of cash flows.” Anything that diverts part of it into private funds and insurance premiums is a meal ticket for the elite of the predator state.

          And the campaign is also partly political. The fact is, Social Security, Medicare and Medicaid are the main way ordinary Americans connect to their federal government, except in wars and disasters.  They have made a vast change in family life, unburdening the young of their parents and ensuring that every working person contributes whether they have parents, dependents, survivors or disabled of their own to look after. These programs do this work seamlessly, for next to nothing; their managers earn civil service salaries and the checks arrive on time. For the private competition, this is intolerable; the model is a threat to free markets and must be destroyed.

          Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

          by divineorder on Mon Jan 14, 2013 at 01:02:43 PM PST

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          •  and worrying about the markets... (1+ / 0-)
            Recommended by:
            divineorder

            the markets have been doing very well. employment hasn't. industry has been sitting on hundreds of billions of dollars, so why aren't there any jobs?

            The cold passion for truth hunts in no pack. -Robinson Jeffers

            by Laurence Lewis on Mon Jan 14, 2013 at 01:07:15 PM PST

            [ Parent ]

            •  1% determined to turn us back into serfs? (2+ / 0-)
              Recommended by:
              Laurence Lewis, Words In Action

              or is it the Rise of Robots?  /snark

              The Rise of Robots – and Decline of Jobs – Is Here
              SNIP
              TFT: How about the risks involved with automation? Powerful computers and high-frequency trading on Wall St. is one reason among many that could prompt a market crisis. Will there be more risks like that in the future?

              MF: It’s possible -- you’ll see more trading get automated and happening at these incomprehensible rates and no one knows what’s going on; it’s a bunch of computers autonomously doing things. Last year, the market had that flash crash and it took months to really analyze it and I don’t know if they can agree on what happened, but it will create a danger in markets.

              TFT: So what do we do about it?

              MF:If we do nothing, that would result in social instability; you’ll have people living in tent cities, losing their homes, even worse than now. That’s the path to disaster.What I suggested in the book is [to] get the government involved in providing an income with what I consider to be a market-based approach because you’re doing taxation and redistribution, you’re giving people some kind of an income but they’re still participating in the market as consumers. There isn’t a solution where everything will be OK – but we have to do something. I want lots of people, including economists, to be thinking more about this issue because right now they’re very dismissive of it and they don’t see it as a problem and I think it deserves more attention. If in fact so many of the ideas that I’m suggesting turn out to be correct and we run into a problem, at least people will have thought about it.

              Interesting...

              Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

              by divineorder on Mon Jan 14, 2013 at 01:25:20 PM PST

              [ Parent ]

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