Tag: Economic Crisis

A Midnight Thought on Whether a Bit of Keynes can Fix This Mess

From Burning the Midnight Oil for a Green Keynesian Revolution (Midnight Thought First Draft posted on Agent Orange)

The thing about the New Deal … it provided a lot of “relief”(1) to a lot of people in desperate shape. But what cured the Great Depression was not the shock absorber of job guarantee programs like the two public works administrations and the Civilian Conservation Corps.

What cured the Great Depression was the massive Keynesian stimulus of World War II. Even before the US got into the war, armaments industries ramped up production in response to domestic re-armament and orders from overseas … including the gimmick of Lend-Lease to make sure that the UK had the money to buy the product of US arms factories.

We can do the exact same thing with the economic disruption that is coming, and if we learn the lessons of the Great Depression, we can do it again … with something far more useful than fighting another World War.

Deja Vu Edition: The Coming Chaos

The Democrats are either very naive and  nearsighted or they are willing participants in their own party’s destruction. Perhaps they are a mixture of both. If the Democrats win the election this fall, (personally I think Obama is the odds on favorite), then they are going to be saddled with a plethora of problems. As we reach the breaking point for serious global issues. By not fixing accountability for these long ignored problems on this runaway neocon fascist train, the fallout for ignoring those problems will fall squarely on the leader in charge. You would think that the Democrats would understand this: by not pursuing impeachment and fixing accountability where it belongs, the media will vilify and blame them for all the problems that they will be handed.  

The Admiral Resigns before “Checkmate” and more. w/poll

Via Dar Al Hayat (Lebanon):

Nicknamed “the Fox” by his colleagues, he was renowned as one of the best strategists in the US military, and the most diplomatic – the “voice of reason in the administration” according to Hillary Clinton. When President George Bush appointed him Commander of the US Central Command, he had hoped to rely on him in the confrontation with Iran. He is Admiral William Fallon, who submitted his resignation two days ago, generating a whirlwind of interpretations as to the reasons behind it, despite the clarity of the resignation text itself.

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