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Paul Krugman at The New York Times just scratches the surface in Defining Prosperity Down:
Friday’s employment report wasn’t bad. But given how depressed our economy remains, we really should be adding more than 300,000 jobs a month, not fewer than 200,000. As the Economic Policy Institute points out, we would need more than five years of job growth at this rate to get back to the level of unemployment that prevailed before the Great Recession. Full recovery still looks a very long way off. And I’m beginning to worry that it may never happen.

Ask yourself the hard question: What, exactly, will bring us back to full employment? [...]

Someday, I suppose, something will turn up that finally gets us back to full employment. But I can’t help recalling that the last time we were in this kind of situation, the thing that eventually turned up was World War II.

Actually, we've got something far more expensive and far more complicated and far more devastating to deal with than World War II: climate change. Unfortunately, too damn few people want to treat climate change with the seriousness of that war or put any a fraction of what was spent to win that war against adapting and preventing things from getting worse. Doing so would produce those jobs. Millions of them. But, as Krugman says, stimulus is a dirty word.

Daniel Ellsberg at the Washington Post writes—Snowden made the right call when he fled the U.S.:

Yet when I surrendered to arrest in Boston, having given out my last copies of the papers the night before, I was released on personal recognizance bond the same day. Later, when my charges were increased from the original three counts to 12, carrying a possible 115-year sentence, my bond was increased to $50,000. But for the whole two years I was under indictment, I was free to speak to the media and at rallies and public lectures. I was, after all, part of a movement against an ongoing war. Helping to end that war was my preeminent concern. I couldn’t have done that abroad, and leaving the country never entered my mind.

There is no chance that experience could be reproduced today, let alone that a trial could be terminated by the revelation of White House actions against a defendant that were clearly criminal in Richard Nixon’s era—and figured in his resignation in the face of impeachment—but are today all regarded as legal (including an attempt to “incapacitate me totally”).

Kate Sheppard at Mother Jones writes that the coal industry knows environmentalists are winning, which is the whole point behind its "war on coal" message. But it's not working.

Zaid Jilani at In These Times writes—Actually, If You’re a Progressive, You Have To Be Critical of the NSA:

If progressives really were to accept the principle that we should defend government no matter what it does just so some people in the Tea Party don't use that same message to attack food stamps or some other program we favor, we'd soon find ourselves with a ridiculous and counter-productive message. We as progressives would not only be defending programs that empower people, like Medicare, but also ones that oppressed people, like the government-imposed Jim Crow laws. We'd have to be in favor of wasting money on the F-22 if we advocate for a national high-speed rail system.

Reflexively backing government, no matter what it does, is not progressive. Progressivism isn't just about supporting government—it isn't now, nor has it ever been. We don't cheer on massive government subsidies for oil companies, Big Pharma, or for-profit colleges. We don't support all government spending—like the costly and illegal war in Iraq.

In fact, it's important that the movement proactively stand against abuses by the government, if for no other reason than political self-preservation. That's the difference between American progressives—for whom basic freedoms of privacy, speech, and due process have always been an important principle—and the authoritarian Left that ruled countries like the Soviet Union.

Jon Healey at the Los Angeles Times, who apparently hasn't been watching too closely, wonders how lawmakers can get so wacko:
Missouri Gov. Jay Nixon vetoed a bill Friday that would have declared virtually every federal gun law invalid and subjected federal agents to state charges for enforcing them. Among other things, the measure would have invalidated federal rules banning the possession of machine guns and silencers, requiring gun dealers to be licensed and mandating a waiting period on gun sales.

But the Republican-dominated state legislature passed the measure, House Bill 436, by more than the two-thirds majority required to override the veto. So it may be just a matter of time before Nixon, a Democrat, finds himself leading the state of "Missuzi."

Ruth Coniff at The Progressive cheers for women who might take on three Republican governors in Ohio, Wisconsin and Texas, each of whom is determined to make women's lives miserable.

John Nichols at The Nation writes—America's Most Dynamic (Yet Under-Covered) Movement: Overturning 'Citizens United':

The most under-covered political movement in the United States—and there are a lot of under-covered political movements in the United States—is the broad-based national campaign to enact a constitutional amendment to overturn the Supreme Court rulings that ushered in a new era of big-money politics.

On the eve of the nation’s Fourth of July celebrations, Oregon became the sixteenth state to formally call for an amendment.

Noam Scheiber at The New Republic wants Barack Obama to use the leverage he says the president still has in the less than 1,275 days left in his term to kick ass:
We’ve seen it time and again—with the stimulus and health care bills in 2009, the expiring Bush tax cuts in 2010, the debt-ceiling and deficit negotiations in 2011, and the fiscal cliff in late 2012. The administration has been too solicitous of delicate congressional sensibilities, too reluctant to initiate confrontation, too skittish to see through any high-stakes game of brinkmanship.
Daniel Howden at The Independent writes—Separate and unequal: Apartheid's legacy lives on:
South Africa's system of apartheid was built on the simple, if false, assertion of "separate but equal". It was something that even its most complacent supporters knew to be a lie. The reality was an economy of exclusion and such an effective concentration of land, wealth and economic power in the hands of the few that it has proven remarkably resistant to change. A short drive through the country nearly 20 years after the system was formally dismantled reveals that the architecture of separate but unequal remains.
Dean Baker at The Guardian writes—Upbeat June Jobs Report Still Leaves U.S. Economy in a Deep Hole:
The 195,000 new jobs reported for June was somewhat better than most economists had expected. The job gains, together with upward revisions to the prior two months' data, raised average growth for the last three months to 196,000. While this may lead some to be dancing in the streets, those who actually care about the economy may want to hold off.

First, it is important to remember the size of the hole the economy is in. We are down roughly 8.5 million jobs from our trend growth path. We also need close to 100,000 jobs a month to keep pace with the underlying growth rate of the labor market. This means that even with the relatively good growth of the last few months, we were only closing the gap at the rate of 96,000 a month. At this pace, it will take up more than seven years to fill the jobs gap.

It is easy to miss the size of the jobs gap since the current 7.6% unemployment rate doesn't seem that high. However, the main reason that the unemployment rate has fallen from its peak of 10% in the fall of 2009 is that millions of people have dropped out of the labor force and stopped looking for jobs. These people are no longer counted as being unemployed.

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Comment Preferences

  •  UEB in Ga and several other states (28+ / 0-)

    REQUIRES one make "3 new job contacts per week' in order to get the money for the week.

    reposted comment from UE diary

    Now lets imagine that each person
    goes on unemployment and is required to make this ridiculous "3 new job contacts per week" to "qualify" for those UEB X the 11.8 million people on UEB.

    34 million "new job contacts PER WEEK" have to be made by these folks 136 million MILLION per month.



    Fucked up.

    I am one of those who lost a job this year. 6th layoff since 1993. College degree, masters degree...experience.

    I feel treated like a criminal by the asswipes who monitor the UEB here. Not ONCE has anybody said anything remotely similr to ' too bad you lost your job".


    300000 jobs barely touches the surface.
    •  Many shitty jobs even for pros with licences (6+ / 0-)

      Here's an excerpt from an email I sent to some job I saw that I figured was really crappy because I have seen the same ad for it repeatedly.

      It's an epidemic of halfassery down here with fly-by-night 'pyshitaric providers' doing Medicaid work. They can pass the Medicaid audits but they don't pay you correctly and all sorts of thuggish shit

      Unfortunately, my experience with 'small ACT/IFI agencies' has been invariably horrible. Unprofessional treatment, not getting paid correctly or consistently, bullying. I will not put up with it.  I don't want to seem contentious, but I have been through a lot of unpleasant experiences with little companies and I am wise to these games.

      I am about providing professional services I can sign my name to and getting paid correctly, on time, every time. No hassles, no excuses. If you cannot promise this, please don't bother replying. I will ferret this out in a job interview.These concerns will be among the first things I ask ANY future prospective employer.

      If you can assure me your company is different and would appreciate (as in "know how to properly treat") a licenced person with vast clinical experience, please contact me at this e-mail address.

    •  The biggest problem with adding just enough (9+ / 0-)

      jobs each month (and a few extra) to cover population growth is that such slow job growth is beginning to be seen as the "new normal."  When people's expectations are so lowered that even bad job creation news is seen as good news, the country is in real trouble.

      The generally accepted unemployment number from the BLS, U3, seems to be stuck in the 7.6% range, but the real news is that the U6 rate, defined as "total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers," jumped to 14.3% last month from 13.8% the month before.

      "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

      by SueDe on Mon Jul 08, 2013 at 05:05:56 AM PDT

      [ Parent ]

      •  Republicans want to prevent jobs (12+ / 0-)

        and prevent as many commoners from having a living wage as possible.

        This depresses wages and oppresses the employed via fear of losing the job they have. Win-Win for Repubs.

      •  I think that is only the second biggest problem. (3+ / 0-)

        The biggest problem is that it doesn't touch the people who have been out of work the longest, increasing the potential to create a permanent underclass.

        There is another big problem, perhaps number 3:

        People are calling reports like this good.  We seem to have glommed on to the economists and their concern only with investors and the well-to-do.

        Economists like dynamic measures.  In their view, a recession has little to do with the state of the country. Rather, it has to do with growth in the GDP.

        Lose half your manufacturing and half your jobs.
        No sweat, no fear, no recession because you GDP is now growing at 2% per year.

        Happy days.

        LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

        by dinotrac on Mon Jul 08, 2013 at 06:54:11 AM PDT

        [ Parent ]

        •  You really shouldn't throw all economists into (0+ / 0-)

          the same stereotype.  They're not all concerned with the same things, and they all certainly don't share the same prescriptions for bettering the economy.

          I do agree that no unemployment measure includes the long-term unemployed, and they do have the potential to create yet another permanent underclass to be added to the underclasses of undocumented immigrants and Native Americans on reservations.

          "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

          by SueDe on Mon Jul 08, 2013 at 08:38:42 PM PDT

          [ Parent ]

    •  In australia, I'm required to make 5 job (2+ / 0-)
      Recommended by:
      xxdr zombiexx, Amber6541

      contacts per week to receive benefits. While I wish their attitude would change, I don't have a particular problem with the requirement per se.

      "Violence never requires translation, but it often causes deafness." - Bareesh the Hutt.

      by Australian2 on Mon Jul 08, 2013 at 05:40:36 AM PDT

      [ Parent ]

      •  That's ridiculous (3+ / 0-)
        Recommended by:
        Pariah Dog, quill, Laconic Lib

        Some of the ALEC controlled states have wanted to make it 6.

        It's directly because they want people poor and broke.

        I have seen some speculation that states may want the unemployed to move to another state.

        It's mean-spirited at best.

      •  The same companies must get really tired (0+ / 0-)

        of seeing your face in the employment office each week. Sounds like an utter waste.

        If I were an employer, I'd lock the human resources door. Does the govt. even care if there are jobs at a particular place when you apply?

        Sorry you have to go through this but it sounds as if you have an infestation of Republicans in Oz, too.

        What stronger breast-plate than a heart untainted! Thrice is he arm'd, that hath his quarrel just; And he but naked, though lock'd up in steel, Whose conscience with injustice is corrupted. King Henry, scene ii

        by TerryDarc on Mon Jul 08, 2013 at 08:06:39 AM PDT

        [ Parent ]

        •  Just remember that my access to resources (3+ / 0-)

          is considerably greater than that of most unemployed people in America.

          Our public sector lists all its jobs in one handy go-to place ( for the State public sector in my home state, for the Commonwealth jobs). And there are actually reasonable numbers of jobs going at both entry-level and higher-level placements.

          I have access to a functional public transport system that gets me to most important places in a reasonable time period and with a high degree of safety - I can get to no less than eight major shopping centers within an hour of leaving my front door, and live 35 minutes by train from the CBD.

          My unemployment benefit is sufficient to enable access to a phone and internet on a reasonable level without having to choose between that and rent/food/etc.

          There are Job Network Providers who will aid my job search in various ways and by various means, including assistance with my CV etc.

          After six months on unemployment, I'm put into a part-time community work program, providing services to various community-oriented groups. In the past, I've done such things as library assistant at the local primary school, graphics design support for nonprofit groups in the area or working retail in the local Good Samaritans. In my experience, a significant amount of effort is put into matching up the work placement with my skills & interests, rather than just shoving me into anything going.


          As I said, I do wish that some people would change their attitude (that because I'm unemployed, I must therefore be bludging or cheating the system), but overall the system isn't such a burden on me.

          "Violence never requires translation, but it often causes deafness." - Bareesh the Hutt.

          by Australian2 on Mon Jul 08, 2013 at 08:20:44 AM PDT

          [ Parent ]

          •  We wouldn't want you bludging (0+ / 0-)

            Whatever that might be...

            Interesting on the public service work. Nice touch. Your infestation of Republicans can't be as serious as ours even though the world economy is more tightly linked today than 25 years ago.

            What stronger breast-plate than a heart untainted! Thrice is he arm'd, that hath his quarrel just; And he but naked, though lock'd up in steel, Whose conscience with injustice is corrupted. King Henry, scene ii

            by TerryDarc on Mon Jul 08, 2013 at 09:07:52 AM PDT

            [ Parent ]

            •  "Bludging" (0+ / 0-)

              (Australian colloquialism):

              slack, skive (Brit. informal), idle, shirk, gold-brick (U.S. slang), bob off (Brit. slang), scrimshank (Brit. military slang) "He was sacked for bludging on the job."

              C/o here.

              "Violence never requires translation, but it often causes deafness." - Bareesh the Hutt.

              by Australian2 on Mon Jul 08, 2013 at 09:36:02 AM PDT

              [ Parent ]

              •  I understand OZ-strine (0+ / 0-)

                if all the other words in the sentence are approximately English. Actually, I love hearing you guys talk. ;-)

                Good luck with the job hunting!

                What stronger breast-plate than a heart untainted! Thrice is he arm'd, that hath his quarrel just; And he but naked, though lock'd up in steel, Whose conscience with injustice is corrupted. King Henry, scene ii

                by TerryDarc on Mon Jul 08, 2013 at 01:49:05 PM PDT

                [ Parent ]

  •  hmmm (9+ / 0-)
    But given how depressed our economy remains, we really should be adding more than 300,000 jobs a month, not fewer than 200,000.
    I'd say given record low interest rates, record deficits, and record money printing we should be adding zillions of jobs ... but if anyone were to seriously look one would see that the economic engine needs and overhaul.

    Job gains are in bars and restaurants, home health care, temp work, and retail .... so even the few jobs that are being created are not the jobs one wants to see leading the way ... because they can not lead for long. ... oh and manufacturing jobs ... don't ask.

    What is wrong... debt! Student debt is growing rapidly, and with very high interest rates that will burden grads for years ... meaning they will not be spending much for a long time (except on interest).  Many folks remain underwater on their mortgages (not a good incentive to spend more), and despite record low rates millions are paying 30% on credit card debt or even more at payday lenders.

    The easiest short term fix is to pass on rate reductions to all segments of society instead of only to the banks.

    There's room at the top they're telling you still But first you must learn how to smile as you kill If you want to be like the folks on the hill

    by taonow on Mon Jul 08, 2013 at 04:43:18 AM PDT

  •  Hmmm.. I want Obama to kick ass as well. (8+ / 0-)

    I am certain it can be done.

    Unsure how much he wants to do it.

    With your political enemies Republicans and their ilk  hoping you have an aneurysm, why play nice with them?

    I mean...really.

    Kick their ass.

    They are bum-rushing America with their agenda: bum rush 'em back.

    All's fair...

  •  Looks like one member... (11+ / 0-)

    ... of Moronic Media is not happy with the Obama administration secrecy and is not acting like a stenographer (well, at least not for this article).  Documents ordered under FOIA were not forthcoming....

    Secret move keeps bin Laden records in the shadows
    Richard Lardner, 8 July 2013

    WASHINGTON (AP) — The nation's top special operations commander ordered military files about the Navy SEAL raid on Osama bin Laden's hideout to be purged from Defense Department computers and sent to the CIA, where they could be more easily shielded from ever being made public.

    The secret move, described briefly in a draft report by the Pentagon's inspector general, set off no alarms within the Obama administration even though it appears to have sidestepped federal rules and perhaps also the Freedom of Information Act.
    But secretly moving the records allowed the Pentagon to tell The Associated Press that it couldn't find any documents inside the Defense Department that AP had requested more than two years ago, and could represent a new strategy for the U.S. government to shield even its most sensitive activities from public scrutiny.

    "Welcome to the shell game in place of open government," said Thomas Blanton, director of the National Security Archive, a private research institute at George Washington University. "Guess which shell the records are under. If you guess the right shell, we might show them to you. It's ridiculous."

    [Quite a lot more at the link.]

    I'm sick of attempts to steer this nation from principles evolved in The Age of Reason to hallucinations derived from illiterate herdsmen. ~ Crashing Vor

    by NonnyO on Mon Jul 08, 2013 at 04:45:47 AM PDT

  •  Thanks for the roundup, MB (12+ / 0-)

    I worry about people who will never be able to find a job again.  Seems to me that in today's economy you should not only save furiously when actually employed, but also have several different ways to make a living--one of which includes self-employment.

    It would be much easier to be self-employed if we had a  national health care system.  Why was the USA so insane as to tie health care to jobs after WWII?  I suppose the word "socialism" scared policymakers so much they clutched their pearls and opted for the opposite course.

    All the news is always bad, all the time.

    "Religion is what keeps the poor from murdering the rich."--Napoleon

    by Diana in NoVa on Mon Jul 08, 2013 at 04:46:09 AM PDT

    •  the problem is, self (10+ / 0-)

      employed doing what?  If people can't afford to get their teeth fixed and their appendix out, they are not going to have money to do other things.  The banks are still not lending to small businesses.

      My son remains appallingly underemployed three years post college, has had precisely four interviews in those three years.  He's been able to work for free a few times ("Internships") but never led to paid work - and if he had a job, he'd BUY things, and create more jobs.  Multiply that by tens of millions.

      We need a New New Deal, a real jobs program, national single payer health care, and nothing else is going to work.  We can put band aids on this slashed throat a little bit longer, but "every day the bucket goes to the well, and one day the bottom will drop out."  It's coming.

      Justice For Will Will spent his brief, courageous life fighting for the rights we all take for granted. Please share his story to support the fight!

      by KibbutzAmiad on Mon Jul 08, 2013 at 05:30:00 AM PDT

      [ Parent ]

      •  Kibbutz, something I've often wanted is a person (7+ / 0-)

        who would do computer hand-holding for oldsters. There are numerous things clueless persons such as I need help with--what some computer whizzes would consider a "coffee break chore" seems quite daunting to people like me.

        Here are just a few things a neighborhood compu-guru could do for the clueless:

        Scan chosen photos from birth through old age for a person, download them to a CD or flash drive for future use (I'm thinking of memorial services or, more cheerfully, milestone birthday celebrations).

        Download music to a flash drive or CD for people's memorial services or birthday celebrations.  Not everyone wants, or knows how to use, an iPod.

        Show people how to upload their backup files to a service like Dropbox.  I still haven't figured out how to do that.

        Find out what's wrong with people's backup programs.

        Clean up someone's hard drive.

        These are just a few of the things.  Yes, I could find someone to do these things in my home--for $65 to $100 an hour.  Can't afford that.  Could afford $25 an hour if it didn't go on too long.

        I also need someone to do garden work like weed whacking or pulling weeds.  Lawn services only seem to want to mow the lawn, which my husband does with the riding mower.  It's the other chores we need help with but again, it would cost an enormous amount.

        A few signs put up around the neighborhood would be a start, then it might be word of mouth. Admittedly, it's not a very grand way to make a living but a little money is better than nothing at all.

        "Religion is what keeps the poor from murdering the rich."--Napoleon

        by Diana in NoVa on Mon Jul 08, 2013 at 06:37:49 AM PDT

        [ Parent ]

      •  When you can find money, it's nice to be able to (3+ / 0-)
        Recommended by:
        TerryDarc, KibbutzAmiad, Bernie68

        make it.

        Don't know how I would have survived the last 14 years without self-employment.  Old tech types are not favored in our country.

        Not everybody can do it, but it sure as hell make not sense to shoot the legs out of those who can.

        Another change I would make --

        Taxes for the "accidentally" self-employed are a real problem.
        It's a completely different world of witholding payroll taxes for your self, quarterly reporting, etc.
        Penalties can add up, and payroll taxes act in a completely different manner for ordinary income taxes.
        Funny thing: the kind of taxes that rich people incur can be discharged in bankruptcy, not to mention negotiated down by lawyers and the like.

        The kind of tax problem poor schmoes trying to grab a buck here and there to feed their families? Full wrath of the federal government.

        LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

        by dinotrac on Mon Jul 08, 2013 at 07:04:44 AM PDT

        [ Parent ]

    •  Agreed. (0+ / 0-)

      LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

      by dinotrac on Mon Jul 08, 2013 at 07:00:02 AM PDT

      [ Parent ]

  •  I respect what Mr. Ellsberg did, but... (3+ / 0-)
    Recommended by:
    NonnyO, skillet, Wynter

    Is entering the realms of Bob Woodard?  It's perfectly legal to "incapacitate" him today?  And that's the reason Snowden should've run?

  •  Jilani sets up false strawman (7+ / 0-)

    No "progressive" I know blindly supports anything and everything the Govt does.

    His premise does not make any sense.  He must have had a deadline to meet.

  •  well according to the right, it was NOT WWII (4+ / 0-)

    it was the tax cuts AFTER WWII initiated by the republican right that got the economy back on track, not the policies of Roosevelt or WWII.

    I have read that two or three places in comments recently by righties.  I can't believe they are going to push that fantasy, but apparently they are.

    •  Well, they also like to claim they defeated (4+ / 0-)


      That republican party bear zero resemblance to the 'modern' GOP.

      The modern Republican party is scratching and clawing to re-implement slavery.

    •  For the record (1+ / 0-)
      Recommended by:

      and don't think I'm taking the wrong side here. My Great Depression era parents and siblings have all spoken of the bad economy right after WWII. Not enough jobs to go around and it lasted until the early fifties.

      It was a given when you think about it. WWII created a huge need for stuff with which to fight he war - tanks, planes, jeeps, clothing, ammo, bombs, etc. At the same time, large segments of the population left the country to go fight.

      Then the war ended. Manufacturing all that stuff was no longer needed. At the same time, all those people came home from the war. Tada - instant unemployment problems.

      WWII didn't end the Great Depression. It just gave it a breather. Then it took quite a few years to retool manufacturing from bombs to Buicks.

      Meddle not in the affairs of dragons... for thou art crunchy and good with ketchup.

      by Pariah Dog on Mon Jul 08, 2013 at 06:10:34 AM PDT

      [ Parent ]

      •  Depends on where you were (3+ / 0-)

        In the West Coast states, which expanded tremendously in population and economy during WWII, they kept on expanding with no real break right into the '70s.
        What they had then was the GI Bill, the first one in history which paid veterans to go to college and buy houses. The Small Business Administration started then and was instrumental in helping people start business.
        Part of the reason the economy didn't go real bad was that we segued right from WWII into the Cold War. And then there was Korea.
        we were the only major power left standing virtually undamaged. We made tons of bucks supplying the rest of the world getting on its feet again, especially Europe and Japan

        Happy just to be alive

        by exlrrp on Mon Jul 08, 2013 at 07:06:54 AM PDT

        [ Parent ]

  •  On this day in 1932....Dow Jones hit it's lowest (4+ / 0-)

    level in the Great depression....41.22.

  •  when I was in South Africa, I remarked to my (5+ / 0-)

    South African friend that what I saw everywhere was, still, white people being served by black people.

    There has of course been tremendous improvement since the end of apartheid. Everywhere you look in Pretoria and Joburg, there are large swathes of new apartment buildings and construction of more--but yes, there are still shantytowns on the outskirts of every sizable town. There is a black middle-class, which you can see in the shopping malls that dot Pretoria, but it is still relatively small, and the unemployment rate amongst blacks is still at least 25%. Crime is rampant--every building in the city has high walls with razor wire or electric fence surrounding it, and most people have large dogs for protection. The ANC, once the most-admired political group in the world, is now seen by many South Africans, black or white, as corrupt and descending into kleptocracy. I did not see very much overt racism (though there are still diehard apartheid supporters), but there is an undercurrent there just beneath the surface.

    South Africa still has a long way to go.

  •  Global spending on Climate Crisis (7+ / 0-)

    will dwarf spending on WWII. When we finally get serious and realize that we in a planetary emergency we will need to spend an incredible amount of money on development and deployment of technologies to stop CO2 generation and to sequester CO2. Unemployment will not be an issue. How will we find the money to do this? Well, where is the money? That's where we will have to go. Besides aggressive taxation on the wealthiest Americans, we will be issuing Climate Bonds. Are you worried about the magic bond trolls or the Planet being inhospitable? Other sources of capital will be defense dollars and health care dollars. The single largest user of energy in the world is the US Defense department. Since they are the largest single contributor to global warming, reducing their budget has a double good effect. Another $1T is available by reforming the Health Care industry, hint--Single Payer.

  •  Still disagree on Snowden... (3+ / 0-)

    Ellsberg may feel he is some hero, even by leaving the country to disclose more classified information to foreign nationals. But in the end, Snowden took the law into his own hands. He could have done this completely differently and stayed within the law. He could have made his case without disclosing one shred of classified material. But he didn't. He went off on his crusade without a worry about what damage he would be creating outside of the outing of the program which should be reviewed and shutdown.

    Being a legal yet secret program he actually revealed nothing much more than we already knew. We need to have secrets that much is true. But the FISA court is what needs to be reviewed and restricted. Secret laws is not what this country should have.

    Snowden needs to come out of the cold for his own sake and for the sake of his message. Being on the run only makes him an open target.

    "I think it's the duty of the comedian to find out where the line is drawn and cross it deliberately." -- George Carlin, Satirical Comic,(1937-2008)

    by Wynter on Mon Jul 08, 2013 at 05:07:00 AM PDT

    •  wow! Snowden should have stayed here (6+ / 0-)

      and faced the music!!

      submit to our rule of law!!

      the best ever in the history of humanity!!

      please read about other whistle blowers and how they have had their lives destroyed by the government after they pointed out these things years and years ago

      just the case of Thomas Drake is enough

      go to and find another whistle blower charged under the espionage act who points out that the history of whistle blower attacks by the Obama administration has proven beyond a shadow of a doubt how they will be treated

      and what about the secret trial with secret evidence going on right now for Bradley Manning who has been mis treated for a couple of years in prison

      the cartoon recently that the safe haven for Snowden would be Wall Street because that zone is above the law - is too true

      •  And your point is? (1+ / 0-)
        Recommended by:
        Sixty Something

        They had their day in court, not in a ditch somewhere. The reality is that each of them broke the law in some form in their search for morality in government. We are a nation of laws by the way. They highlighted some interesting goings on that we might not have been aware of. That doesn't exonerate them from going to court and being tried.

        You make it sound like they were all heroes that deflected bullets with their bare hands? By the way, Bradley Manning is a story about his treatment in custody. It's not about him being held or tried for his actions to date. He should be held, but not abused as is being disclosed in the news.

        Being on the loose Mr. Snowden is more likely to find himself killed by some group, not necessarily the CIA, whereas if he was in custody at least he wouldn't end up in a ditch. Make your message heard and stand up for what you believe. Running just ruins his credibility. And I want him to survive to speak out about what he knows. But as it is we are getting things second or third hand and sometimes "wordsmithed" by people handling him. This isn't good for him or for the rest of us.

        "I think it's the duty of the comedian to find out where the line is drawn and cross it deliberately." -- George Carlin, Satirical Comic,(1937-2008)

        by Wynter on Mon Jul 08, 2013 at 06:21:43 AM PDT

        [ Parent ]

  •  On Zaid Jilani - (1+ / 0-)
    Recommended by:

    I totally disagree that there are 'people on the Right' joining progressives in the mindset that a government that is transparent, accountable and empowering is a good thing. The twisted logic of the right on the size of government shifts with the issue, yet they have effectively become the party of "less government" - how they manage the hypocrisy is beyond me and my girl parts.

    Organizing is what you do before you do something, so that when you do it, it is not all mixed up. A. A. Milne

    by hulibow on Mon Jul 08, 2013 at 05:08:23 AM PDT

    •  Zaid's responding to a specific article (1+ / 0-)
      Recommended by:
      Meteor Blades

      Zaid's article was written in response to union organizer Louis Nayman's article "In Defense of PRISM."  Nayman argued that the left-libertarians protesting NSA surveillance were "doing the dirty work" of the Tea Party by sowing the seeds of skepticism and mistrust of government.  Zaid's article points out that progressives should not defend government actions simply because the government does them; the government deserves a healthy degree of skepticism, but we can be skeptical of its overreach in some areas while still championing a larger role than others.

      You can see the Nayman piece (which inspired a lot of upset comments--as I would think it would):

  •  Poor John Boehner....congress has to come out of (3+ / 0-)
    Recommended by:
    xxdr zombiexx, Remediator, TerryDarc

    hiding today.

  •  Meteor Blades at NN13 - delay worse than denial (2+ / 0-)
    Recommended by:
    xxdr zombiexx, Roadbed Guy

    at a panel on climate change

    some excellent congressmen: Waxman and Sen. Jeff Merkley from OR,

    someone on the panel argued that climate change deniers should be shamed and put out to pasture. Anyone who is a climate denier should be so far out that they would not have any place on the public square. Banned in effect.

    An excellent point but Meteor blades made the point that delay is worse than denial. No one on the panel responded.

    I stood up and addressed the room:

    we need an answer to this because the future of civilization is in the balance

    still no response from the panel

    but the issue will require political engagement and the two mentioned above are to be supported with all means possible.  

    •  You mean denial as in the Mother Jones (0+ / 0-)

      article posted in the diary that suggests that Environmentalists are winning the war on coal?

      To me that is every bit as bad as delay (although IMHO it is silly to waste too much time figuring out which of these really bad things are worse . . . ).

      •  Examples of what I mean about sheer amount (3+ / 0-)
        Recommended by:
        TracieLynn, SueDe, wintergreen8694

        of denial involved in claims that environmentalists are winning the war on coal:

        Coal to Approach Oil as Top Energy Source by 2017, IEA Says

        Global coal demand will rise 2.6 percent annually in the next six years and challenge oil as the top energy source, according to the International Energy Agency.

        Coal consumption will climb to 4.32 billion tons of oil equivalent by 2017, compared with about 4.4 billion for oil, the Paris-based agency said today in its first Medium-Term Coal Market Report. Usage will rise in all regions except the U.S., where cheap natural gas has damped demand, the IEA said.

        Demand for coal rose 4.3 percent last year, with China accounting for 67 percent of the increase to replace Japan as the largest importer of the fuel, according to the report. Coal is the most polluting fossil fuel and without limits by climate change policies, demand and emissions of carbon dioxide will continue to rise, the IEA said.

        “Thanks to abundant supplies and insatiable demand for power from emerging markets, coal met nearly half of the rise in global energy demand during the first decade of the 21st Century,” IEA Executive Director Maria van der Hoeven said.

        U.S. Coal Outlook Brightens on Global and Domestic Demand

        Asian Demand Forecasts Boom for Coal  For the next several decades, a growing appetite for power in Asia will mean more coal is mined and burned, according to a research report

        •  Don't Worry (2+ / 0-)
          Recommended by:
          Roadbed Guy, wintergreen8694

          As the rape of Appalachia for coal slows, the amount of fracking will just increase.

          I'm in southern Ohio and already my local Rethugs are gleefully rubbing their hands together over the untold wealth fracking's a-gonna brang. They think 300-400 wells per county is just a dandy idea!

          They wouldn't even consider these facts fro a article.

          West Virginia and Pennsylvania ship most of their wastewater for disposal in Ohio injection wells. In 2012, West Virginia’s Department of Environmental Protection took samples of the brine. The lab results indicated high levels of alpha particles, arsenic, barium, and toluene, among other contaminants, and are cause for the brine to be classified as “hazardous,” according to Ben Stout, professor of biology at Wheeling Jesuit University who interpreted the results. He described heavy metals found in the sample as “grossly above standard,” citing arsenic and barium levels that exceed the primary standard for acceptable drinking water concentrations by 370 and 145 times, respectively.

          Ohio, according to ORC 1509.226, allows the application of fracking wastewater on roads for dust and ice control as a legitimate form of disposal.

          The 2011 Common Cause report, "Deep drilling, deep pockets, in Washington and Ohio," found that "from 2001 through June 2011, the fracking industry gave $20.5 million to current members of Congress and spent $726 million on lobbying." For Ohio, Rep. John Boehner led Ohio’s Congressional delegation with $186,900, followed by Sen. Rob Portman with $91,000, Rep. Steve Chabot with $59,050, and Rep. Steve Stivers with $51,250.

          The report also tracked $2.8 million in campaign contributions to Ohio’s state elected officials and notes that Ohio’s fracking regulations as of 2011 were among the weakest of any state. Gov. John Kasich was the leading individual recipient with $213,519, followed by former Gov. Ted Strickland with $87,450 and Secretary of State John Husted with $84,750.

          And so it will go as long as we gut us the best gol-dang gummint money can buy!

          Meddle not in the affairs of dragons... for thou art crunchy and good with ketchup.

          by Pariah Dog on Mon Jul 08, 2013 at 06:43:37 AM PDT

          [ Parent ]

  •  Missouri (7+ / 0-)

    Fortunately, while our Senate remains in GOP control, they don't have a veto-proof majority.

    Now for a mini-rant...what we are dealing with in MO is the end result of term limits. Anyone who can look at the laughing-stock our state lege has become since Jan 2001, when term limits kicked in, and still believe they are a good idea, is a god-damned fool who richly deserves to be  beaten with a bag full of nickels until the person doing the beating collapses from exhaustion.

    --Blue Girl Everyone gets all het up about "cutting spending" but no one stops to realize that we are *all* someone else's "undeserving other" until the budget axe falls on that which they hold dear.

    by Blue Girl on Mon Jul 08, 2013 at 05:28:21 AM PDT

    •  24-10 (0+ / 0-)

      24-10 isn't veto-proof? Or is Wikipedia just innaccurate?

      •  My bad... (0+ / 0-)

        They gave us a freebie in the 2010 redistricting, but that advantage is gone now. Since I voted absentee from a neuro ICU, there is some catching up I still have to do. Can I plead aneurysms?

        (Blogwhoring alert!!! Read my most recent diary for a recount of the drama.)

        --Blue Girl Everyone gets all het up about "cutting spending" but no one stops to realize that we are *all* someone else's "undeserving other" until the budget axe falls on that which they hold dear.

        by Blue Girl on Mon Jul 08, 2013 at 04:24:18 PM PDT

        [ Parent ]

  •  NSA and Germany (0+ / 0-)

    at guardian-uk.

    sorry, mil.

    @Hugh: There is no Article II power which says the Executive can violate the Constitution. * Addington's perpwalk? TRAILHEAD of accountability for Bush-2 Crimes.

    by greenbird on Mon Jul 08, 2013 at 05:32:28 AM PDT

  •  Misery doesn't matter (9+ / 0-)

    As far as I can tell, a radically reduced standard of living -- even outright misery, hunger, untreated health problems, and early death -- does not matter to the 1% and their lackeys in Congress, as long as it does not directly touch them and people they know/socialize with. They simply do not care.

    If I shop at the dollar stores instead of a more upscale store, they do not care -- they'll just switch their investments to the dollar store so they can keep making money off me. If I don't have a bank account because there's nothing to keep in it, the banksters will figure out a high-fees way to hijack paychecks onto prepaid debit cards.

    So to respond to Krugman, the reason we will not have a real recovery for the 99% is because those in power do not see this as a priority or even something on their wish list. They have gerrymandered and corrupted the electoral process (and continue to look for new ways to do so, especially after the Voting Rights decision), and will continue to just lie about what they're doing and what the cause of our misery is (Obama! Obamacare! Benghazi! Mooslim terrists!), so they can keep getting elected. So far, it's working for them, so well that they have gotten increasingly aggressive about rolling back most of the advances of the past 100 years -- and so far are succeeding in that, with the one exception of gay marriage.

    The challenge is how to make them care, if not about us as people or voters, at least about the consequences to the social order. That's why, Occupy, Overpass Light Brigade, Idle No More, and other public manifestations of discontent are so crucial.

    •  Progressives and liberals are supposed to be (4+ / 0-)

      happy with progress on social issues regardless of the destruction of workers' economic well-being.  Conservatives are supposed to be happy with reducing the funding of government despite homosexuals' finally receiving equal civil rights.  Politicians' ideas of something for everyone.

      Meanwhile, the moneyed interests are granted everything they want.

      "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

      by SueDe on Mon Jul 08, 2013 at 06:53:20 AM PDT

      [ Parent ]

  •  At least 42 killed at Cairo demonstration (2+ / 0-)
    Recommended by:
    Amber6541, TerryDarc

    by Paleo on Mon Jul 08, 2013 at 05:40:40 AM PDT

  •  Flooded cities will focus congress' attention. (2+ / 0-)
    Recommended by:
    Amber6541, Nada Lemming

    You're right: Climate change will create jobs.

    Probably more engineering and construction jobs.

    We're too short sighted for me to say more energy research jobs.

  •  I don't think anybody's dancing in the streets. (1+ / 0-)
    Recommended by:
    While this may lead some to be dancing in the streets, those who actually care about the economy may want to hold off.
  •  More Dean Baker (4+ / 0-)
    job growth was narrowly concentrated in June. Restaurants, retail, and temporary employment accounted for more than half of the job gains in June for the third month in a row. These are also among the lowest paying sectors in the economy. Workers tend to take jobs in these sectors only when no other jobs are available.
  •  Wartime mobilization & climate change (0+ / 0-)

    Here's an interesting read from two months ago by Dave Roberts over at Grist about what "wartime mobilization" to fight climate change would look like:

  •  Why, on God's Earth, Would Obama Change Now? (2+ / 0-)
    Recommended by:
    tb mare, TracieLynn
    The administration has been too solicitous of delicate congressional sensibilities, too reluctant to initiate confrontation, too skittish to see through any high-stakes game of brinkmanship.
    I share Noam Scheiber's wish that Obama would stop playing Eisenhower and kick ass, but if this has been the pattern for 1600 days plus, it ain't likely to change now. What progressives accomplished in Obama's election was some space to live another day and fight on (for example, under Obama, the Labor Movement won't be literally destroyed and the Supreme Court won't be reset to 1905). That's no small thing, but that's all.
  •  A Krugman 50-50 (2+ / 0-)
    Recommended by:
    Nada Lemming, happymisanthropy

    Nice little discussion of filtering and the fallacy of relying on their output in extraordinary contexts.

    At the same time, Krugman did sneak on in on us.
    The "one" is his reference to core inflation.

    Nothing wrong with the idea of core inflation. Very useful to economists,  but is not to be confused with inflation as seen by consumers.

    The problem is this:

    Economists look for an inflation rate that is a proper measure of the impact of supply and demand on prices, but is not affected by short term fluctuations that take place in the normal working of an economy.

    Here's the catch: Food and energy are among the major fluctuators, so they are not included in core inflation.
    Nice smashing down standard deviations and thus controlling any significant measure in which standard deviation plays a role, but...

    1. Food and energy are a major component of the economy,
    2. Food and energy are a huge component of most consumers' budgets.and
    3. Tossing them tosses long-term structural change in the pricing of food and energy along with the short-term variations.  In a world where energy is getting harder to find and extract, that might not be the best thing to do.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Mon Jul 08, 2013 at 06:48:35 AM PDT

  •  Ellsberg has lost touch with his own place (1+ / 0-)
    Recommended by:

    in history if he seriously sees himself in Edward Snowden.  The Vietnam War was murdering innocent people by the bushel and forcing American youth to die just to drive a war machine as an end in itself.  All Snowden revealed was that basically every powerful government in the world is spying on everyone else.  It's worth knowing, but an act of conscience?  No - an act of ideology.  I appreciate his releasing the information about illegal activities, but despise his pragmatic cooperation with loathsome thug states.  You can't simultaneously be a martyr of conscience and a realpolitik gamesman.  He was a whistleblower for a good few days, and then became a spy to avoid the consequences of his principled stand.  What a waste.

    Sign the petition to demand a law-abiding Supreme Court.

    by Troubadour on Mon Jul 08, 2013 at 07:16:24 AM PDT

    •  Go on (2+ / 0-)
      Recommended by:
      Nada Lemming, RocketJSquirrel

      Tell me more about his pragmatic cooperation with loathsome thug states, I've only heard innuendoes without anything really specific.

      •  I could cite any number of stories no less (0+ / 0-)

        substantive than Snowden's own claims, but I'll reword instead: He allowed himself to become a PR pawn of loathsome thug states because his allegedly moral crusade degenerated into a pissing contest with the US government rather than being about anything.  It's true they're going after him worse than they did Ellsberg, and part - part, mind you - of that is that his legal and moral position is much, much weaker.  He revealed spying, not murder and mayhem like the Pentagon Papers did, and his revelations have been selective, timed, and designed to achieve a political/ideological agenda that goes well beyond a fundamental moral stand.  He's in over his head and a very unfortunate choice for a civil liberties mascot.  

        Rather than dealing with that, it seems some people just want to double, triple, and quadruple down on his pissing contest, and all that's happening is that he's further muddying the waters of his own alleged cause by revealing more and more governments doing the same things while the governments becoming louder in his defense are increasingly just antagonistic to the United States in general.  I don't see who that's supposed to be helping: It's not making the people of those countries freer or helping the cause of whistleblowers in the United States by appearing to gravitate into the sphere of hostile governments.  If he wants to play geopolitics, then he should do it competently.  If he wants to play the martyr, then he should do it already.  But trying to do both and failing at both just makes him increasingly into a convenient fool for the people who he probably believes he's standing up against.

        Sign the petition to demand a law-abiding Supreme Court.

        by Troubadour on Mon Jul 08, 2013 at 08:36:52 AM PDT

        [ Parent ]

        •  Thank you (2+ / 0-)
          Recommended by:
          Nada Lemming, RocketJSquirrel

          Could you clarify what you mean to say by "he allowed himself to become a PR pawn?"

          •  I mean he's no longer in control of the agendas (0+ / 0-)

            he's now identified with, and couldn't regain control at this point even if he took a hard line against the governments rhetorically defending him.  He would just seem like a friendless ideologue and end up in US prison in short order.  So instead he's a pawn who remains free for a time and yet if/when that falls apart, he won't have nearly the moral position to defend himself with because he played the game.  

            Civil rights leaders have understood this stuff implicitly and walked the line, as have whistleblowers in the past, so I don't see much of an excuse for him to be so oblivious.  People who do as he's done incite institutional witch hunts that burn everyone of conscience behind them, and this isn't like the Cold War where he represents a freer society that would cherish his views so they'd shine for the world.  There's no such place - no country with a substantial intelligence infrastructure that would fail to thoroughly prosecute at least some of what he's done if he did it coming from their own institutions.  There are merely a handful of places that dislike the United States enough that they might give him asylum to piss off our government.  Nothing more morally edifying than that.

            Sign the petition to demand a law-abiding Supreme Court.

            by Troubadour on Mon Jul 08, 2013 at 09:25:01 AM PDT

            [ Parent ]

    •  Still don't know what to think of Snowden... (2+ / 0-)
      Recommended by:
      Troubadour, vcmvo2

      ...maybe I will some day. I don't remember any such conflict in (my) support of Ellsberg. Maybe all the vaunted info has caused a (my) lack of clarity.

      What stronger breast-plate than a heart untainted! Thrice is he arm'd, that hath his quarrel just; And he but naked, though lock'd up in steel, Whose conscience with injustice is corrupted. King Henry, scene ii

      by TerryDarc on Mon Jul 08, 2013 at 08:59:50 AM PDT

      [ Parent ]

      •  I think my main criticism, at least of Snowden, (0+ / 0-)

        is that from the beginning he's placed himself in the role of Accuser - or at least allied himself with a voice accustomed to playing that role, Glenn Greenwald - rather than trying to be a responsible adult blowing the whistle on an out-of-control institution to the American people.  It played right into the logic of power, and now it will be much, much harder for others to blow the whistle.  It doesn't seem like he put much thought into that, whereas one would think the thoughts of a whistleblower should be very much on how to make it easier for other whistleblowers in the future, not to just create maximum publicity for your own self and pet causes.  

        Sign the petition to demand a law-abiding Supreme Court.

        by Troubadour on Mon Jul 08, 2013 at 09:36:14 AM PDT

        [ Parent ]

    •  Ellsberg's place in history (1+ / 0-)
      Recommended by:

      involves the release of information which demontrated that our government was concealing information from us of critical importance.  And he has remained adamant, over the years, in his calls for the danger of Executive encroachment on the 4th Amendment.  What is happening is precisely what Frank Church warned us about 30 years ago. It is also, precisely, what the USSC has ruled, in the past, is patently unconstitutional.  We are not permitted, as committed civil libertarians, to shrug our shoulders as our 4th Amendment rights are removed behind closed doors.

      You are not old enough to remember, from personal experience, Watergate, or Ellsberg or the Church Committee.  For you, all these events were things to read about in a history book.  Those of us who lived through these events may have a different perspective.  Watergate changed me from a Nixon supporter to one who demanded his removal from office.  The Pentagon Papers changed how I felt about the Vietnam War.  The Church Committee made me determined to fight any encroachment on civil liberty by our spying agencies.

      Snowden is merely a vehicle.  He is completely unimportant as a person.  His motives, his character, his morality; none of these are relevant to the debate as to whether we, as a people, will allow the destruction of the 4th Amendment.

      I respect your concerns about the VRA and, even though I consider your focus on impeachment staggeringly quixotic, am equally concerned about the implications for civil liberty.

      But, as a civil libertarian, I don't believe I need to choose which Amendments to support.  I support them all.  They are a package deal.   And the unenumerated rights clause encourages me to not only fight for the preservation of what we do have, but to continue working for the expansion of rights.

      Neither do I feel compelled to support the rights of only those I respect or admire.  As a member of the ACLU, I have often supported rights for those I abhor (Westboro Baptist comes immediately to mind).  And I can applaud the fact that we are now explicitly aware of what it is that our government has been doing behind closed doors without being an acolyte of the persons who delivered that information.

      We live, rhetorically, in a black and white world these days.  It has been coming for a long time, indeed for all of your lifetime.  But in the battles we need to fight, we will have to, from time to time, ally ourselves which those whose general state of being may appall us.  This is the system of government we have been bequeathed.  Liberty deserves no less.

      Ancora Impara--Michelangelo

      by aravir on Mon Jul 08, 2013 at 09:42:59 AM PDT

      [ Parent ]

      •  Most of what you're saying is both true and yet (0+ / 0-)

        hollow.  I've watched the most fundamental practical vehicle of our Constitutional rights, voting, stabbed in the back in a way that would make MLK cry tears of blood and watched that subject downplayed while this subject is up-played, often to an extent that defies both reason and common decency.

        You are correct I was not around to witness the Nixon years.  I am damn glad for that, and sorry you had to go through them.  But trust me to know myself enough to say that if I had been around then, (a)I would never, ever have been a Nixon supporter under any circumstances, and (b)I would still be a lot more concerned with his election-rigging attempts, and overseas murder and mayhem than with the suppression of information that kinds of goes hand-in-hand with what he and his predecessors had been up to.  The closest modern analogy to the Pentagon Papers would be the Downing Street Memos, and I would not classify these revelations in the same ballpark.

        I don't live in a black-and-white world, but nor do I live in an all-gray world.  I recognize some necessity for some of what the NSA is doing because all these other countries are doing it to everyone too.  I also recognize the necessity to nip this secret court shit in the bud as soon as possible, but I don't see anyone even trying - they're just complaining about it rather than organizing to stop it or at least strip it of secrecy.  And that's why I can't take the issue seriously - not unless I see demands to impeach FISA judges beside my to impeach the SCOTUS Justices in the VRA ruling.  Not until I see so someone openly defy a FISA court gag order or warrant and take the consequences in court before 12 fellow Americans.  We're not serious about this yet, because we're not doing what the Civil Rights struggle did.  Until we do, anything else is just so much idle coffeehouse politicking.

        Sign the petition to demand a law-abiding Supreme Court.

        by Troubadour on Mon Jul 08, 2013 at 03:20:54 PM PDT

        [ Parent ]

    •  Thug States (0+ / 0-)

      like Ecuador, Venezuela, Cuba,  and Bolivia? Compared to righteous USA?

      You know the history of US thuggery in Latin America, I presume.  We have no right to call others "thugs."

  •  Thanks for the great Roundup, MB! (1+ / 0-)
    Recommended by:

    I applaud your encouragement regarding Krugman's observations.  His article also highlights one of (if not the) fundamental mechanisms at work which must be addressed and restructured if we ever hope to make it through this mess (emphasis added):

    Unfortunately, there’s also a technical issue that plays into the prejudices of the monetary hawks. The statistical techniques policy makers often use to estimate the economy’s “potential” — the maximum level of output and employment it can achieve without inflationary overheating — turn out to be badly flawed: they interpret any sustained economic slump as a decline in potential, so that the hawks can point to charts and spreadsheets supposedly showing that there’s not much room for growth.

    As long as our econometric methods refuse to recognize that economic growth is at an end, it matters not one whit what statistical technique one uses to model economic growth potential.  Until our policymakers begin facing the reality that we are beginning the transition to a steady-state economy all of these methods they use to determine monetary policy are not only a waste of their time, they are an even worse waste of society's time that we are rapidly running short on to get to work on the fundamental restructurings that need to get underway.

    Pessimism of the intellect; optimism of the will. - - Antonio Gramsci

    by lehman scott on Mon Jul 08, 2013 at 07:16:47 AM PDT

    •  Moving the goalposts? (1+ / 0-)
      Recommended by:
      lehman scott

      Time for Harry Truman's one-armed economist.

      OTOH - I think how awful things would get under President Mitt.

      What stronger breast-plate than a heart untainted! Thrice is he arm'd, that hath his quarrel just; And he but naked, though lock'd up in steel, Whose conscience with injustice is corrupted. King Henry, scene ii

      by TerryDarc on Mon Jul 08, 2013 at 09:02:57 AM PDT

      [ Parent ]

  •  I have no doubt that (4+ / 0-)

    most of the people commenting on Snowden saying he is a coward are nothing but trolls. Whether they are commenting from the right or left saying that Snowden should return to the US to face a year or two in solitary confinement, then face a kangaroo court, then a lifetime in solitary confinement, they are the real cowards. They are the real cowards who not only shrink from, but actually support and condone those who would enslave us to the pretzel logic of modern life. Our leaders who believe that enslavement is good should be confronted at every opportunity.

    I don't believe Snowden is a hero, he is a noble intellect who saw a wrong and did what he could to correct that wrong.

    Knowledge is Power. Ignorance is not bliss, it is suffering. If you like hypocrite Obama, you'll love hypocrite Hillary.

    by harris stein on Mon Jul 08, 2013 at 08:35:33 AM PDT

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