Is this a recovery? PT 7

[jimlaregina]

It's going to be bad "for the next ten years," the gentleman says. That will make it forty and running. Unemployment was $3.35 an hour in 1981. Under Reagan it rose zero. Under each Bush, twice. Under Clinton, twice. So far Obama's hiked minimum wage once but it is still not even $8.00 per hour.

[cool70200]

How hard can it be?

1.) Reduce (mid-lower sized) business and middle - lower class taxes to %2-3, with occasional %0 periods (3-6 months).

2.) Reduce government spending.

3.) Emphasize production jobs, with emphasis on research and development of cheaper materials and cheap alternatvie energies.

4.) Stop printing dollars to flood banks

5.) Go after the fat retired crook's money hidden in various accounts. - not the ones financing current employments

[marpoq]

the real news needs to do something on the swine flu vaccine

[blackiron60]

One of the major flaws in capitalism is its inability to think longterm, it is geared to short-term profit. To a certain extent this is what makes socialism inevitable - too much market volatility and lack of a long-term vision or planning will push the public sector, popular forces and the government to take more and more of a central role in economic affairs. Needless to say, this public economic engagement is essential.

[siradam575]

Well said.

[huffdaddy76]

But we haven't had free market capitalism, so how can it be blamed for the crisis? The crisis was caused by the Federal Reserve's manipulation of interest rates and its willingness to create money out of thin air to bailout the financial sector. The Fed is a monopoly paper-money producer that institutionalizes moral hazard and incites big banks to take big risks with other people's money. The Fed is the primary cause of inflationary booms that can only end in busts. Read End the Fed.

[egolayer13]

'End the Fed' is a joke. See this analysis: watch?v=wZqtjb8LIbU

[huffdaddy76]

I read that guy's review of End the Fed at Amazon. He says that "inflation decreased as the money supply increased." But expansion of the money supply IS inflation. That we do not always see higher prices doesn't mean that the dollar's purchasing power is unaffected; it means there are other factors pushing prices downward, offsetting the upward pressure caused by inflation. If we can all be richer by printing money, then why don't we keep issuing stimulus checks and bailout credit forever?

[pedroquintero]

He's probably tired as shit of this interview, this is one long ass interview.

[Mojo1982]

We have to stay in the game, we have to motivate ourselves. Feeling sorry for ourselves and giving up won't get us anywhere.

[SubmarinerAndroid]

This "financial crisis" has made me more open to harsh free market discipline than before--if that means harsh discipline for those at the TOP

As far as the lower classes (almost all of us) go, I'm still a big ol' commie

[chewbaca1989]

Commie puke, hey, 10 planks have been implemented very stealthily over the last 38 years.

I salute you but once the destabilization happens then the normalization occurs the first ones to get killed off are the true believes, intellectuals, and only the sheeple are left to labor for the state.

[luciodelgado]

Very honest interview *****

[bbburton]

Save your money, don't give TRNN a dime of your hard earned cash to promote dumb ass 'news' that is nothing more than propaganda.

[MarquisdeBarrabas]

And yet you keep coming back for more.

[bbburton]

And yet you don't have anything to say.

[MajNorberg]

bbburton: that's because people who have real lives have other shit to do.....

....were your parents cruel to you?

[bbburton]

So you have a real life and still have noting to say? You must have shit to do, because you've little to contribute here.

[MajNorberg]

bbburton: text means nothing on youtube...chill...take a pill,

[bbburton]

Certainly your text means noting on YT.

[bbburton]

Paul Jay has to be the most dense person to run a news program. The gov is failing, and he suggests the gov should be running a bigger jobs program. The gov is going broke, and he suggests the gov spend more; more for health care, more for jobs. This guy has got no business telling the taxpayers to pony up and grow gov. Kapoor suggests wage controls to grow jobs. That's about as smart as spending more to get out of debt. TRNN still spreading propaganda and promoting socialism.

[flyhead2]

It's called facism, bubba.

[bbburton]

It's called socialism, dipwad.

[flyhead2]

'Convergance of corporate and state power'.

Did you get your definition of 'socialism' from the dictionary where you found that teen-movie epithet, or from O'Reilly?

I see that you have a reputation as a troll. It seems like pretty fair criticism.

Knock youself out with more puerile insults, they will go unheeded. I'm fairly thick-skinned when it comes to ignorant people and trolls.

[hamletundone]

Convergance of corporate and state power'.

Mussolini's definition of Fascism

He said it could better be described as "corporatism".

[bbburton]

It's about health care, or are you unable to keep up? Any state that controls the delivery of any service is by definition socialist. You must not only be think skinned, but thick headed as well.

[flyhead2]

Control of population through standardised social institutions, including medicine, was a tool of fascism, both in Mussolini's Italy and Hitler's Germany.

A (utopean (arguably unrealistic) principle of socialism is the control of production by the workforce. This is as far from the idealogy of the people pulling Obama's strings as you can get.

You need to expand your field of reference from listening to the likes of Beck, O'Reilly and Hannity to include books. You are taking quite a drubbing.

[bbburton]

If the producers own the means of production and exercise complete political power, then that is precisely where Obama and his advisers are taking us. I can't stand Beck, O'Reilly, or Hannity. You should shove your head up your ass for a better look at your world view, since that apparently is where you are coming from.

[flyhead2]

Ahem, as I stated to begin with........................fa­scism.

You are left with a point to prove, bb, knock yourself out trying. I'm done.

PS, add a few more epithets and vulgarities, you might attract the Beavis and Butthead crowd to your cause. Good luck.

[bbburton]

Fascism or socialism - left handed or right handed. What have you proven, that you'd argue with your asshole because a turd fell out of it? You should be done.

[MajNorberg]

bbburton: speculation and opinion....you're entitled to it.l..that's all that YOUTUBE IS buddy.

[samsonlovesyou]

Can you think of one example of a US factory co-operative (owned by its workforce)?

If not, feel free to re-evaluate your above comment by examining reality instead of inventing it.

[bbburton]

Why narrow it down to factories? There are literally thousands of cooperatives int he US. In housing, agriculture, and business. Try doing a little research before you climb up on your high horse.

[samsonlovesyou]

Such as?

Which of those were implemented by Barack Obama?

[bbburton]

Answer your own questions by doing the research. It's there for everyone to see. Have you ever heard of electric cooperatives? Agriculture cooperatives? Credit cooperatives? There are plenty of them, just look around you. Every year the president signs plenty of bills supporting/ and/or regulating cooperatives.

[samsonlovesyou]

Most of your comment is correct, but social healthcare is not inherently fascist.

We (society) really need to stop splitting the world into two camps of communism and fascism and start to recognise the existence of social-democracy. Whether that's what the Americans have or not is another matter - I personally find it difficult to seperate corporatism and fascism aside - but it won't do to conflate all socialised services wuth fascism.

[flyhead2]

I accept your comment in its entirety. The point I was trying to make was somewhat coloured by reaction to another comment, and may have come across in too sweeping terms.

I suspect that we have quite similar perceptions on these issues.

[MajNorberg]

bbburton: who's paying you to write here constantly ?...pfizer?

[samsonlovesyou]

Clearly you don't understand socialism. What you're defining is either corporatism, fascism, or social-democracy. Socialism is a socioeconomic system of worker control over the means of production. This does not exist anywhere in the world.

[btigtime2]

what did they think was going to happen when moved the factory and development jobs out of the country and then flooded the job market with people from third world countries. WHAT DID YOU THINK WOULD HAPPEN? We should hang the treacherous leaders and bankers who got us into NAFTA WTO and war..

Protectionist policies do what the name implies. PROTECT that is their first job. We should be mad as hell at the whole lot of them.

[ananiasacts]

I have to disagree. We get more for our money today because the products we're consuming can be made for so much cheaper elsewhere. Our world has endured decades of huge productivity rises that have depressing consequences for the job market. They're growing pains and should compel us to adapt with continuing education programs, shorter work weeks, and other tweaks that help mitigate the impact. The revolution now taking place in robotics and artificial intelligence will only make this worse.

[oldhacks]

8:06 "get organized" he should have STARTED with that. we get organized with democracy.

[oldhacks]

I'm always in san francisco. I live here

[sirellyn]

Unions cannot ask for government intervention for money any more than corporations should. The whole point of a union is that a greedy employer is short changing their employees.

The balance is that if a union asks for or gets too much, the business isn't viable anymore and it has to fail. This is what keeps things in check.

If employees like benefits but the company honestly cannot afford them, that is the way things are.

[sirellyn]

The mindset is still, things are failing. Government intervention is failing. Stimulus is failing. Maybe nothing will work. Maybe more stimulus?

More stimulus? More make work jobs? More government intervention? The same stuff that got us here???

If what you are doing isn't working. Why not try the opposite?

[MarquisdeBarrabas]

The opposite is what got us here.

8 years, if not more, of the same free-market gospel you're preaching right now.

[sirellyn]

We haven't been in a free market for almost 100 years now.

The last 8 years were stringent regulations with some pretty ghastly loopholes.

Those always occur when you have thousands of pages of regulations that no business save the top corporations can afford an army of attorneys to decipher, and of course find loopholes for.

Labyrinthine rules always favor the ultra-rich with the resources to deal with them.

[MarquisdeBarrabas]

First, regulation of production and selling practices is indispensable to a globally integrated economy.

Second, the ultra-rich will ALWAYS find ways to tilt the field in their favor, regulatory frameworks notwithstanding.

The question is: do you have the prescience to realize the folly of playing another round of cat-and-mouse with the ultra-rich and give them what they call for - less regulations, oversight - and hope for the best, when the only real solution is to suppress them.

[sirellyn]

I'd argue your first point. Its far too much of a generalization. North Korea has regulations for production and selling practices. Are they indispensable?

If a group of companies has regulations they share (ISO 3000). You can just start dealing with another set of companies if you feel they are unfair. The most popular method will always succeed.

Government regs are mandate. To change, wait 4 years, pray one of two choices is sympathetic among a myriad of other issues. Good luck.

[sirellyn]

For the ultra rich. Enforce simple existing laws. Fraud, theft, etc. Empower individuals to hold them accountable. Loser pay all system. The regulatory agencies never discover fraud, it's always by individuals complaining to them.

If a small business doesn't have to spend thousands of dollars on bureaucratic overhead they can compete with the big boys.

See barriers of entry.

[2minstral]

There is no recovery unless your the 1% who own everything. If anyone has recovered it is them. Wealth has changed hands big time. That includes an IOU from the government that our children will pay these ass&^%$'s back with interest! In short we are talking about debt slavery and a free fall in our standard of living. Many cities will succumb to crime due to unemployment. What is behind this recovery is a police state. I suggest that we stand on moral value & end private ownership of banks.

[btigtime2]

Good luck with that. Wealthy and Banks have cops on their payroll. You would most likely end up with a billy club shoved up somewhere hard to reach.

[2minstral]

I hear you.

It seems that we have 2 extreme choices,

1. Put an end to the current monetary system. or

2. Keep the status quo of increasing debt slavery.

I don't know about you, but I would like to see a major change in a positive direction for all. It would take a movement of massive proportions and an event to trigger it, such as a dollar crash, but it is not impossible since the dollar will eventually crash.

I think most people will be ticked off when that happens.

[btigtime2]

I wish there where only two choices with only two consequences.