Greetings and salutations from the sand, sun and surf of Cape Cod, Martha’s Vineyard and Nantucket! Good to be with you on this early morning after the fourth of July celebrations, with the weather here on Cape turning very hot and humid, with more expected this week. The heat wave is not only forecasted for the Cape and Islands for the next several days, but temperatures are expected to be close to the century mark in Boston, New York, Philadelphia and Washington D.C.. Can you say global warming?, sure, I knew that you could…The Sunday talk shows were limited to one this week, with the coverage of the men’s Wimbledon finals taking center stage on NBC, but ABC’s, “This Week”, was happy to pick up the slack. Paul Krugman, a Nobel Prize winning writer and columnist for the New York Times was the star of the round-table and spoke to the main issues that are facing this country right now–Afghanistan and the jobless situation, coupled with unemployment benefits as 2 million people are expected to be without their benefits by the time they wake this morning. Speaking of Afghanistan, we turn to resident historian and leader of the republican party, in title only as the chair of the RNC, Michael Steele. With statements like, “Afghanistan is Obama’s war,” hello, McFly is anyone there? 10 years is not that long a period of “time” to go back and comprehend what happened. History is a wonderful subject when facts are involved. Sounding like a clip from a Woody Allen movie, Steele went on to say in his rant, “Everybody knows that you don’t get involved in a land war in Afghanistan.” This is not helpful to the troops that are already on the ground, in fact it was a cheap shot, begging the question, “is Michael Steele a democrat mole?” One comment made by a pundit on the “round table” discussion I found interesting when describing Michael Steele and his position with the very right wing p.o.h.n., “Michael Steele is a case of affirmative action gone bad.” The republican party in general has said some stupid, ignorant, insane things, but calling Afghanistan “Obama’s war” is akin to stating that bp’s largest stockholder is Greenpeace. Regarding the joblessness situation in the United States, we saw a loss of 125,000 jobs in the month of June, albeit mostly temporary census jobs. Paul Krugman describes the economy as “stagnant” and he, along with every other credible economist, believes that more stimulus is needed. “We needed a larger stimulus to begin with, we are in a grim situation.” He went on to say, “If the economy grows at 1 percent, (as it is likely to do) it won’t be considered a double dip recession–but it will feel like one.” Considering that the addition of more unemployment benefits will add less than 1 percent to the deficit, and the fact that those monies go directly back into the economy, therefore stimulating it, holding up those benefits through the now infamous “filibuster” provided by none other than the p.o.h.n., is, in a word, insane. It’s mysterious that the democrats are not responding, they seem to be frightened of the voters, and, as the whole of the round table agreed, “they are more interested in jobs than in the deficit.” Many economists are looking to Greece for answers to our problems, as their debt to GDP ratio was so out of whack, it took a bailout of massive proportions from the European Union to stable the boat. That is what so many conservatives, without some other agenda, are concerned about–that our interest payments will be so out of line with our GDP, and, much like a pay day loan that could reach 400 percent (taking advantage of the poorest among us), we could be drowning in interest payments for decades, stifling any growth. However, if you turn to the bond markets, that everyone is in fear of, you will see that many nations are still heavily investing in U.S. government bonds, as we seem to have some kind of handle on keeping the markets steady, and thus, we are a good investment. The economics are clear, we should stimulate the economy in the short term once again, while structuring our long term debt as it has already been laid out. Ten years from now, the U.S. will probably owe 20 trillion dollars, give or take, and therefore, another 500 billion dollars added to stimulate the economy is not really all that much. The p.o.h.n. could care less about this argument, for it is in their best interests to have the economy in the toilet as much as possible for the upcoming elections in the fall. The famous battle cry, or one of them, of the p.o.h.n., “the American people want us to reign in spending…”, is a brand name cliche that has done wonders for the limited intellectual capacity of that grand old party and it ties in well with their claim and blame game of Obama and the fact that he has not created any jobs in his first 18 months in office. How can he create something that does not exist anymore in this country–manufacturing. The big corporations are to blame for this, for in the interest of the bottom line, millions of jobs that were once held by Americans are now held by the Chinese, Koreans, Indians, you name it. Add the fact that big banks are tightening their credit, not loosening it, thereby making it almost impossible for small businesses to get loans, adds up to little to no growth in the private sector–therefore, no new jobs created, and a GDP that seems to be shrinking, not expanding… This has become the reality for so many Americans as they turn on their televisions and hear nothing on the morning talk shows of value, save what they should “buy” with the money that they don’t have. A corporate owned media that keeps it’s viewers in the dark, blinding them to the truth so that they cannot see the forest for the trees, goes against everything that journalism represents–they really have you on a tight leash, don’t they Brian? Why does the corporate owned media not speak of things to come? Such as Peak Oil and the fact that the environmental crime of the millennium, the Deep Water Horizon explosion and subsequent oil gusher that is destroying our south coast, was only a mention, not even one sentence, on the Sunday “talk” show yesterday. Are we that blind? Is anyone else picking up on this? It’s not like the well has been plugged and all is forgiven. Perhaps, the only good news I can report from that fiasco is the fact that a “supertanker” is now setting up to begin taking on 500,000 gallons of water daily– sucking it up, filtering it, and spitting it back out… clean water back out, into the Gulf. This was the technique used in the Arabian Gulf, when a massive 800 million barrels of oil leaked in the early 90’s, spilled, gushed, whatever you want to call IT, and these “supertankers” picked up 90 percent of the oil. If you give a damn about those dolphins, whales, sea turtles and Brown Pelicans, not to mention the wet lands themselves, the birthplace of the food chain, write your President, en masse, and tell him about it–this is our land, our country and our future, not the corporations, who would have you think that it’s all over, that they won. They won nothing. Save the eternal shame of what they did to God’s Green Earth. GOD’S SPEED to the GULF–to the people and all of the dolphins, whales, sea turtles, BROWN PELICANS and marsh lands therein…may you have a better day soon! Have a nice rest of the long week end folks! Peace~M
July 5, 2010
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