Our Moribund State and the Path Forward
I would comment on the Republican candidates, except they are superfluous. They, and the political discussions around them, are just more of the problem. They offer us no solutions and just a continuation of what we have done. Their whole political approach is based upon feeding anger with outrage, and of course blame. But when it comes to a new direction, it is just more of the policies or lack thereof that has caused our problems. Here are a couple of examples of our real life experiences that point out our going nowhere. Sadly, until we personally experience the consequences of our policies, most of us are oblivious.
A few days ago I heard about a young Hispanic man I was acquainted with who was asked to go to a border town to straighten out his papers, and then they deported him. He was two when his parents brought him here. He was a good student and a smart, hard working contributor to our society. America is his home and we deported him. It is so unfair, it is so wasteful, and yet this is what REPUBLICANS have wrought (DREAM Act). Got to punish those evil doers, right? Meanwhile I picked up the paper Sunday to read in the Sacramento Bee, “Colleges forced to cut key courses“. In California our junior colleges have been the route for many who have stumbled in high school or beyond, who have to work and can’t attend college full time, to get on track and get the education they need to become successful. With the massive cuts in education, we can no longer educate our future. How dumb is that? Here is some data that Paul Krugman presented on the impact of the cutting of spending from state and local governments:

“But it’s even worse than he says. Why? Because if you look at what’s being cut, it’s heavily focused on investment:”

As Paul said, “That is, we’re sacrificing the future as well as the present. Oh, and the cuts that aren’t falling on investment in physical capital are largely falling on human capital, that is, education.“ This austerity is insane, we should know better, and we have been stampeded into fearing the debt by the Republicans with some help from feeble minded Democrats (or just pandering to the mob), and in effect, we are eating our seed crop. I would sum up with another quote from Paul:
“It’s hard to overstate just how wrong all this is. We have a situation in which resources are sitting idle looking for uses — massive unemployment of workers, especially construction workers, capital so bereft of good investment opportunities that it’s available to the federal government at negative real interest rates. Never mind multipliers and all that (although they exist too); this is a time when government investment should be pushed very hard. Instead, it’s being slashed. What an utter disaster.”
An utter disaster is an understatement. The way forward is not rocket science, As I pointed out yesterday, we will all have to pay (no pain, no gain). That path was laid out by economist (one of many who we are ignoring) Michael Spence, a Nobel Laureate, and professor at NYU:
“I am sure you have heard this, but the great depression came to an end in WWII and two things happened at that point. One, there was a huge fiscal stimulus because we could not finance a war effort on current income, and then we got rid of it over time, and the second one was that we went to the people and said you know what, it is a war and we are going to have to invest a huge amount of our resources in this and your consumption levels are going to have to go down because we can’t keep them up and make this big investment. We just don’t have the resources and because it was a war, people said okay. And so we created this powerful engine that not only took us through the war, but took us into the post period in pretty high gear…If we really wanted to overcome this one fast, then what would happen is a political leader would go and say this isn’t a war, but it is that sort of challenge and create recovery (war) bonds…I mean that is pretty politically unrealistic, but that would really put a jet engine behind this thing over time.”
It isn’t hard. We need to start investing massively in the future, and making all of us pay for it. But Republicans offer a free ride saying lets just do austerity, just remove regulation and government interference, and let us all keep our money and it will just magically happen. Democrats tell you that we just need to tax the rich, and oh yes, austerity for all. Sorry, they are all lies. We need to get serious about moving forward and we all will have to pay. Suppose you could get elected with that message? Maybe when things get bad enough or we just get tired of standing in one place. I will tell you this. Republicans will never get you there. Democrats have an inkling, but lack the courage. Maybe the 99% can get their act together. Remember, just being angry is not enough.