This article has many excellent suggestions straight out of the "New Deal" play book, but I do think we need to look at long-term fixes for the economy. American companies have not completely gone overseas. Some companies have become brand names that have subcontracted production to Chinese manufacturers. Reflecting Ross Perot's famous "sucking sound" analogy, those industries, along with agribusiness, that are directly under American management are heading south of the border. The only way we will be getting these industries back or grow new ones is to make it too expensive to produce products in another country. (It would be my preference to grow new "American" companies.) We cannot, of course, compete with cheap labor and maintain our "middle class" life style. We therefore need steep tariffs to protect American industries and labor.
We can also dump those private contractors that have increased the costs of the wars in Iraq and Afghanistan, along with that useless missile defense system. Let's not forget to get out of Iraq, too.
Pervis J. Casey
Riverside, CA
11/19/2007 @ 1:44pm
It's very clear to me the Democratic leadership doesn't get it. We
see more trade deals, problems getting hedge fund managers
to pay income tax instead of capital gains taxes, more rhetoric than
regulation on the financial institutions and the continuation of
neoliberal econometrics at home and abroad.
We need a wide range of consumer protections, not just a
modification of the bankruptcy bill. Privacy, truth in lending,
usury and credit laws.
We need bold action on labor rights not a piecemeal appproach.
Taft-Hartley and everything after should be on the table.
We need to reevalute our whole security aparatus, starting at
the Defense Department and running through the Homeland
Security Department with an eye to slashing costs of cold war
military systems, reducing budgets, eliminating redundancies,
and streamlining bureaucratic agencies while guaranteeing
personal privacy.
We need a real safety net including single-payer healthcare,
longer unemployment and disability periods and increased
daycare resources for young and old.
The most egregious failing is our non-existent energy policy.
The world is facing a looming energy crisis. Peak Oil and Peak
Natural Gas are staring us in the face. We could tackle both
global warming and this energy crisis together with electric
vehicles, solar and wind.
America needs a whole new economy, built on sustainability,
not unlimited growth. The United States, indeed the world,
cannot sustain the current trend of unlimited growth.
The Democrats need to tell the American public the truth, that
we all will have to sacrifice. Americans will endure if the pain is
meted out by ability to sacrifice.
Will any of this happen? Of course not, the fix is already in. The
crisis that is going to befall this country will be profound. The
White House and Congress are only going to protect the special
interests that paid their way. This strategy will only deepen the
problems and leave the Democrats as discredited as the
Republicans.
It is no accident that the fastest growing choice for afffiliation is
Independent, a choice that now exceeds that of Democrat or
Republican. It is no accident that Congress has lower ratings
than Bush. This country is looking at financial meltdown and
rising facism, and the leading Democrats are cowering.
Michael McKinlay
Hercules, CA
11/16/2007 @ 4:55pm