Control Your Controllables

One of my favorite economist reads, Paul Kedrosky, directed me to this image, which is from another excellent financial analysis blog done by Susan Woodward and Robert Hall. This is a comparison of labor numbers from now and 1981 rescaled to the size of today's labor force. Stunning. For those of you who, like me, were still in high school in 1981 - it was the biggest recession we have had in the US since the Great Depression. Not pretty. The graph shows us a partial image of how painful events are right now. Many people have lost homes, many are without work, and I have a feeling it is going to get worse before it gets better. There is a lot of suffering out there. I get a lot of calls from desperate people who are trying to put on a brave face. Sometimes I feel like I am barely hanging on to my life raft and folks are pulling on my legs to clamber on. In the midst of all this turmoil, with so much personal pain around me, how do I keep steady?

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Republicans Reveal Attitude Toward The Future

The rhetoric that accompanied Obama's election included much from the downsized Republicans about looking forward to working with the new president and coming to grips with national problems in the spirit of a fresh start. However, the stimulus package---which may well be too big---has forced the Republicans to declare themselves. We're hearing a lot about wanting more tax cuts---almost exclusively tax cuts---in lieu of spending in the form of direct aid. This is a Republican mantra now. Tax cuts. The question, of course, is really this: what good are tax cuts when you're already buried in debt? Granted, it frees up (theoretically) money for critical and immediate payments, but if the idea is to put people back to work tax cuts are not the solution. Because corporate America is mired in over-leveraged debt burdens that must be paid down before something mundane like hiring can happen. Tax cuts, therefore, won't have any kind of immediate impact on the jobless rate. In time it might, depending on several other factors, the most significant of which would be a newfound corporate sense of ethics which would prevent them from continuing the pillage of their own capital for all the things that have gotten us into this mess in the first place. Labor is at the bottom of the ladder of what they see as important---hence the tongue lashing Obama gave them for paying out bonuses while asking for federal aid. As for working people? What good does a tax cut do someone who isn't paying taxes because he or she has no income? But this was to be expected. It is an attitude born out of the mixed priorities of what has become the Right, one of which is fiscal responsibility (I used to support Republicans on this count) the other of which is the more Libertarian view (borne of the Grover Norquist faction) that government is always the problem and must be pruned back radically. Hence tax cuts, in order to curtail revenues in order to force the government to reduce its size and, one must realize, its influence.

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The American war against telephone poles

In a short article entitled, “The War on Telephone Poles,” the February 2009 edition of Harper's Magazine includes a fascinating excerpt from an essay by Eula Biss, which was originally titled "Time and Distance Overcome” as it appeared in the Spring issue of Iowa Review. Biss's article is a terrific example of the human tendency to resist long-range change that would substantially improve the community as a whole. As she clearly documents in her essay, many people ferociously opposed the erection of telephone poles back in the 1880’s. Whatever their stated reasons (aesthetics and defense of private property were often argued), the real reasons for resisting telephone poles were timeless: fear of change combined with a warped sense of the importance the individual in relation to his or her community. The Biss essay reminds us that Americans have long been quite capable of harpooning critical community-building endeavors in the name of individual freedom. We don’t fight telephone poles anymore, but this destructive tendency is one we still see in modern day America. Only a small bit of Biss's essay is available online. The basic idea presented by her essay is that in the 1880s, numerous people (including elected officials and newspapers) ferociously opposed the erection of telephone poles. They argued that telephone poles were ugly. They characterized telephones to be considered playthings of the rich.

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"To restore science to its rightful place"

It's not that I'm infatuated with the words of Potus44, but Barack Obama's inaugural address (that I've already addressed) hit quite a few notable notes. One of which was the promise to "restore science to its rightful place". He also said,

"Promoting science isn't just about providing Resources-it's about protecting free and open inquiry... It's about listening to what our scientists have to say, even when it's inconvenient - especially when it's inconvenient.

That's a breath of fresh air, indeed. But the real question and challenge will be: What exactly is this Rightful Place? The previous administration acted as though they believed that science belongs after political expedience and the Bible, not necessarily in that order. They fired or censored anyone whose carefully calculated conclusions disagreed with their prejudged opinions. It will be a long time cleaning up the resulting mess. Mike the Mad Biologist posted: To Restore Science to Its Rightful Place, We Need to Redefine Elitism. In brief, science is not easy to follow once you reach the discoveries of The Enlightenment and beyond. It takes a certain amount of education and dedication to know good science from pseudoscience. And this is anathema to American principle of Democratic Populism, the idea that all men are not only "created equal", but are in fact equal.

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“Why should I respect these oppressive religions?” by Johann Hari

Why indeed? Please read this excellent article by Johann Hari at the Independent, detailing the tragic hijacking of the UN's Universal Declaration of Human Rights by religious bigots. Here's a taste: Starting in 1999, a coalition of Islamist tyrants, led by Saudi Arabia, demanded the rules be rewritten. The demand for everyone to…

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