Why There’s Nothing New About This Recession

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When will our politicians stop with the pork spending?

In a time of an economic crisis such as we currently have and facing potentially a prolonged period of severe economic downturn is it really necessary that our legislators continue to reflect more upon what helps them get reelected than what would be most benificial for our economy as a whole?

As our elected leaders, federal, state, & local search for ways to assist in resolving our economic droldrums one would think that attempting to legislate the use of scarce resources for their "pet" projects, presented to them by the various lobbyist groups, could be set aside, at least until the economy clearly started to recover. But of course not---to them reelection is of the upmost importance---however their ordinary constitutes can try and fend for themselves. These legislators however still attempt to proclaim that they are simply doing their part in attempting to rectify the economic problems that are affecting everyone. One has to wonder how these legislators can sleep without having nightmares when they are attempting to

insert spending provisions, such as into the proposed stimulas bill, that primairly would only insure their reelection because of the support they gain from their special interest groups they are appeasing with their pork spending proposals. I think it is time for their "silent" constituents to stand up and say,

now and again at the next election they will be running in, that "you proposed "PORK" spending at a time when such proposals contributed little or nothing to our real economic needs.. Here is your reward---you will not be reelected again.

Thanks but NO thanks. We as a constituancy need real leaders and independent thinkers----and NOT the way to believe you should be representing us.

Jerry Duphorn of MN @ Feb 09, 2009 14:44:31 PM

Socialist Innovation?

"Show me a socialist world that's produced any innovation..."

How about the "socialist" world that produced Labor Unions from Robber Barrons, abolished child and slave labor, implemented the 8-hour day and minimum wage, etc. which we all enjoy and take for granted instead of the sweat shops and labor camps that existed before under the unfettered rule of Robber Barrons which is still in place in most third-world countries today!

How about the "innovations" that most other industrial nations like Australia, New Zealand, Canada, Sweden, Germany, France, the UK, etc. etc produce? Some of the engineering marvels these dirty "socialist" countries produce put ours to shame! And the "quality of life" for their average workers certainly makes ours look like little more than slavery which after all is what our country and economic system was built on to start with. Here it all depends on which side of the tracks you are fortunate enough to live on. What else would you expect from a country whose foundation was and still is "slavery" upon which every other "innovation" it produces relies on!

YES - the kind of slavery and sweat shops that produce the basic food, clothing, shelter and other raw ingredients necessary for these great "innovators" to produce their so-called "innovations" - how Elitist can one be!

"Show me a socialist world that's produced any innovation..."

How about the "socialist" world that produced Labor Unions from Robber Barrons, abolished child and slave labor, implemented the 8-hour day and minimum wage, etc. which we all enjoy and take for granted instead of the sweat shops and labor camps that existed before under the unfettered rule of Robber Barrons which is still in place in most third-world countries today.

How about the "innovations" that most other industrial nations like Australia, New Zealand, Canada, Sweden, Germany, France, the UK, etc. etc produce? Some of the engineering marvels these dirty "socialist" countries produce put ours to shame! And the "quality of life" for their average workers certainly makes ours look like little more than slavery which after all is what our country and economic system was built on to start with. Here it all depends on which side of the tracks you are fortunate enough to live on. What else would you expect from a country whose foundation was and still is "slavery" upon which every other "innovation" it produces relies on.

YES - the kind of slavery and sweat shops that produce the basic food, clothing, shelter and other raw ingredients necessary for these great "innovators" to produce their so-called "innovations" - how Elitist can one be.

Wake up and smell the Roses!

Norm of WA @ Feb 09, 2009 14:37:05 PM

Predicting the future

Anyone heard of Mr. Harry S. Dent, Jr., an economist who might have the answer in predicting what will happen in the future. Look up his publications...I am reading his latest, the Great Depression Ahead, and what he has said in the first few chapters seems to make sense. Just a thought

Sue of CA @ Feb 09, 2009 11:09:42 AM

one thing the interviewee completely missed

In one word: limits to growth.

The author, John Gordon, has made the same mistake that economists have continually made: he has not accounted for some of the enormous issues of the time such as Peak Oil, resource limits, pollution, population growth, global warming. Though some will find comfort in denying at least one or two of these issues (global warming being the most likely issue to be ignored), no reasonable person can deny all of them.

The earth is only so big. We need an economic system that inherently understands this or else every time we "fix" a problem, it will only be waiting for us once again sometime in the future.

And as the incredible rate of technological progress has gotten faster and faster, the time it takes for us to feel the negative effects of our actions grows shorter and shorter.

We better start challenging the dominant paradigms. Start with the way we run the economy.

Dave from Stow of MA @ Feb 09, 2009 10:49:38 AM

Nobody's homeless? Seriously?

"Unthinkable" that someone would be hungry enough to knock on a door? This dude has really never seen a homeless person?

joe Thorpe of NY @ Jan 23, 2009 22:45:05 PM