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Progressive Issues for "more and BETTER" Democrats
"Health care is a fundamental right." (Ted Kennedy, 8/26/08)
* * * * * * *

Wealth

Elizabeth Warren: Lobbying on behalf of the American People

by: jamess

Mon Sep 14, 2009 at 20:57:46 PM EDT

We have been told that Wall Street Investment firms are "Too big to Fail" -- But that does NOT Mean they are "Too Big for Accountability"!


The Question boils down to,

Who Does the Congress Represent anyways --
The American People, or the Global Bankers (and their Lobbyists) ?


And Will the People bother to care about Wall Street Regulation this time around?

Since I'm assuming we will, here's some essential background on the Wall Street Meltdown mess:


Credit Default Swap (CDS)

What Does Credit Default Swap (CDS) Mean?

A swap designed to transfer the credit exposure of fixed income products between parties.

http://www.investopedia.com/te...


CDS's are an easy way to transfer Credit Risk -- Check!

There's More... :: (8 Comments, 1870 words in story)

WWJD about Health Care? aka. Where are the Good Samaritans?

by: jamess

Sun Aug 30, 2009 at 16:13:34 PM EDT

What would Jesus Do about Health Care?

Good Question.

Well it sounds, like he understood how Sick People need Doctors:

Mark 2:17 GWT

When Jesus heard that, he said to them, "Healthy people don't need a doctor; those who are sick do. I've come to call sinners, not people who think they have God's approval."

(emphasis added)

GOP Health Care Obstructionists, are you Listening???

The Pharisees, thought they were doing God's work too.

Imagine their surprise when this upstart Carpenter, from the old neighborhood, dared to stand up to their blatant self-righteousness ... and dish back to them some cold, hard truth ...

There's More... :: (11 Comments, 1211 words in story)

Life, Liberty, and the pursuit of Happiness ... and the WE vs ME

by: jamess

Sat Aug 22, 2009 at 12:25:28 PM EDT

There are some things, we just shouldn't "Leave to the Markets" to decide what's best

For Example:


Infrastructure


Public Schools


the Unemployed and the Uninsured


Left to their own devices, Private Interests will UNDERCUT the Public Interest, most every time!

That's what the Profit Motive is all about -- it cares more about the interests of ME, instead of the well-being of the WE, from which Societies are built.

There's More... :: (1 Comments, 753 words in story)

Rachel Maddow breaks down Wall Street Deregulation into these simple Frames ...

by: jamess

Tue Jul 28, 2009 at 01:37:00 AM EDT

(some good framing... - promoted by poligirl)

Way back in March of 2009, Rachel explained the "Highway Robbery" which happened on Wall Street, using a few simple word-pictures. (ie. simple Frames).  These perhaps deserve a quick review ...


Rachel Maddow - Cops and Robbers
Link to Rachel's very humorous  Clip

Great Framing Rachel! ... I love it, when Progressive Talkers, make learning FUN! The simpler the Word-Pictures, the better the Frame!


"Is our childrens learning?" as George W. used to ask.  

Could be, ... Maybe we just needed to "Turn the Page" ...

There's More... :: (3 Comments, 581 words in story)

Market Bubbles -- Should Risk-Taking be Regulated?

by: jamess

Sat Apr 25, 2009 at 16:08:59 PM EDT

(two banking systems...  :o - promoted by poligirl)

Perhaps you've heard about the Tale of Two Cities

a novel by Charles Dickens, set in London and Paris before and during the French Revolution. It depicts the plight of the French proletariat under the brutal oppression of the French aristocracy in the years leading up to the revolution

Or maybe you've heard of the theory of the Haves and the Have-Nots

The share of total income going to the top-earning 1 percent of Americans went from 8 percent in 1980 to 16 percent in 2004.
...
One reason: gains in the stock market. Affluent people own more stocks, and executives are often paid in stock or stock options. So when the market does well, their wealth accelerates quickly

Well, Bill Moyers is currently telling the historic Story about the Need for "Two Banking Systems" ...  

There's More... :: (8 Comments, 2321 words in story)

Bill, Rachel, Keith, and Bernie, and those Pesky Bankers

by: jamess

Sat Mar 21, 2009 at 15:13:51 PM EDT

(those pesky bankers... - promoted by poligirl)

If you thought the Bank Bailout was nothing to laugh at, wait until hear what Bill, Rachel, Keith, and Bernie have to say about it

[Bill Maher, Rachel Maddow, Keith Olbermann, Bernie Sanders]

There's More... :: (4 Comments, 599 words in story)

Bubble Economics -- and the Cycles of Boom and Bust

by: jamess

Wed Mar 18, 2009 at 21:46:04 PM EDT

(some economy for your morning... - promoted by poligirl)

Humanity has been subject to these Goldrush whims of the Market, for as long as, well, there have been Markets. Markets open to both buyers and sellers, each trying to best the other, in the competitive game of Capitalist Checkers.

When the wealth that Bubbles create is based on little more than Greed, Leverage, and Speculation -- who really benefits in the long run?  Real wealth results from creating things, not just from trading things. Real wealth is based on real work -- not short cuts.

Look out, when the Bubble finally pops ...

Sooner or later, any "hot commodity" -- ends up
being, not so hot ...

There's More... :: (6 Comments, 809 words in story)

Obama points to some practical Market principles

by: jamess

Sun Mar 15, 2009 at 22:27:20 PM EDT

(on the business round table... - promoted by poligirl)

President Obama spoke at The Business Roundtable, last week.

And from the reaction, it seems like that most Business Leaders are on-board with Obama's goals of investing in the Future:

Video Clip

Video Clip on CSpan

President Obama spoke to business executives and said that the current economic crisis was no excuse to postpone costly federal investments in health care, energy and other areas. He also said that the country could not keep ignoring long-term threats to the nation's prosperity, which he listed as medical costs, the U.S. dependence on oil, and an education and fiscal deficit.
(emphasis added)

Could it be that they are finding out Obama actually supports Free (and Fair) Market Principles?  Could it be, dare I say it, Obama actually believes in Capitalism too -- (gasp!)

There's More... :: (1 Comments, 1459 words in story)

"Do-Gooders", take heed, change your rhetoric on wealth: A Brewer reframe for Populists

by: Karita Hummer

Wed Feb 25, 2009 at 00:26:37 AM EST

(it's all in the framing... - promoted by poligirl)



Progressives, Populists, all! Being called by Brewer to reframe wealth.  Time for a paradigm change in the way we define wealth.

OK, all you progressives and populists, all!, Joe Brewer of Cognitive Policy Works, in Common Dreams today admonishes us to reframe the concept of wealth and to not buy in to the outmoded definitions of wealth in this country (outmoded at least by today's economic standards pertaining to conservative corporate, wall-street mentality}.

Having worked in the non-profit sector most of my life, I was pretty used to being treated as expendable and a unit cost and unit provider.  Certainly, I never could expect compensation that would anywhere near approach what is generally called wealth in our society.  But I used to take consolation in the belief that I was doing good.  Nonetheless, when, as a supervisor, I was seen as overvaluing my staff and wanting them to be adequately compensated, provided with continuing education, and to otherwise be treated as special people of great inherent value, I was seen as too bold an advocate for staff.  How I wished we could unionize! and all be accorded proper justice.  I thought there was something really amiss with the boards of non-profits I worked for who saw us primarily in terms of cost and benefit. This happened not once, not twice, not thrice, but four times, in various settings.

Yet, I heard myself say over and over that non-profits were the best school for business trainees, because it was our sector where great results were expected from very few resources or very little investment, i.e. make do on a shoe string.  All, as if we had to apologize for doing good.

In all these four settings to which I refer, almost all the staff were, indeed, progressives who voted and campaigned progressively,  but were so grateful to have a place where we could "do good", that we could hardly complain about employee injustices or inadequate compensation.      

There's More... :: (3 Comments, 520 words in story)

Are you better off than you were 8 years ago?

by: jamess

Sun Oct 19, 2008 at 19:27:45 PM EDT

(the classic question asked this time around... - promoted by poligirl)

Have you been working harder and harder, becoming more productive all the time, only to see your wages, fail to keep up with that ever increasing cost of living?

It's not your imagination ...

It's just the way our Economic System tilts ...  

There's More... :: (15 Comments, 577 words in story)

McCain continues to get a free pass from the media...

by: Ellinorianne

Sun Apr 20, 2008 at 11:50:27 AM EDT

According to CNN, every spouse of the politician they compared their personal wealth to was included, except of course Cindy McCain, who is estimated to be worth about a cool hundred million.

So what?  Well, the media plays into this idea that Mr. Straight Talk is also Mr. Average American who does not have the same kind of filthy rich background as some of the other politician included in the piece.  The fact is, McCain is most likely the wealthiest of them all.  

There's More... :: (17 Comments, 412 words in story)
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