Skip to main content

This blog is cross-posted at StewartAcuff.com

We in the U.S. are rightly worried about the global economic crisis caused by Wall Street’s reckless investment practices in 2007 and 2008. Wall St. destroyed $50 trillion in the world’s wealth, $7 or 8 trillion in America’s wealth, busted budget and worker’s pensions, and hastened the shrinking and potential destruction of the American middle class.

Wall St. also destroyed more jobs than at any time since the Great Depression, plunged middle class families into poverty, almost destroyed the Eurozone and European currency, forced major fights over economic policy in Spain, Portugal, Britain, and other European countries, and, perhaps worst of all, HASTENED THE GLOBAL ECONOMIC RACE TO THE BOTTOM, global poverty and human misery, and GREATLY EXPANDED DANGEROUS LEVELS OF INEQUALITY.  And, by the way, allowed radical right-wing Republican governors and state legislatures to weaken, threaten, and destroy whole segments of unions and collective bargaining.

Now we are beginning to be given a choice – grow the economy, jobs, and living standards while further degrading our planet, or put the brakes on global climate change and our planet’s destruction.

We all know how that argument plays out and which side wins, but it is a false and inhuman choice.

The collapse of the I-5 bridge over the Skagit River in Washington State is a jolting reminder that America has a deep, destructive, productivity and wealth slowing infrastructure crisis. The American Society of Civil Engineers has given our infrastructure a grade of D+. Is that worthy of the USA?

We are told we must build the Keystone XL tar sands pipeline, which would be an atmospheric disaster because of the additional assault on the atmosphere. This would only accelerate global climate change.

Meanwhile the top 7-10% of Americans continue to suck up huge amounts of wealth and refuse to invest in the jobs-producing real economy, while driving the paper economy to near record heights.

Something is desperately wrong with this picture.

Tomorrow we will discuss common sense solutions.

CLICK HERE to download 18 Essential Qualities That Every Organizer Must Have FOR FREE!

© Creative Commons Copyright 2013

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site